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 09/28/2020

$15.59

arrowUp$0.01

YTD Returns w/o sales charge as of 09/28/2020

4.58%

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

Click here to view all legal text including risk information

Summary

Summary

What is the Core Plus Bond Fund?

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

 

Yield

Dividend Yield 1 as of 09/28/2020  

  Subsidized3 Un-Subsidized4
w/o sales charge 3.19% 2.75%
w/ sales charge 3.12% 2.69%

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

  Subsidized3 Un-Subsidized4
w/o sales charge 2.22% 2.13%

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

Expense Ratioas of 08/31/2020

Expense ratio details, Click here.

Fund Basicsas of 08/31/2020

Total Net Assets
$279.71 M
Inception Date
12/08/2015
Dividend Frequency
Monthly (Daily Accrual)
Number of Holdings
653
Minimum Initial Investment
$1,500+

Fund Expense Ratio :

Gross 1.12%

Net 0.68%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge 4.79% 4.95% 4.60% - - 4.89%
Lipper Category Avg. Core Plus Bond Funds 7.03% 6.97% 5.00% - - -
Bloomberg Barclays U.S. Aggregate Bond Index 6.85% 6.47% 5.09% - - 4.50%
w/ sales charge 2.45% 2.57% 3.82% - - 4.39%

Fund Expense Ratio :

Gross 1.12%

Net 0.68%

Fund Expense Ratio :

Gross 1.12%

Net 0.68%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge 1.90% 4.30% 4.06% - - 4.43%
Lipper Category Avg. Core Plus Bond Funds 5.15% 7.61% 4.84% - - -
Bloomberg Barclays U.S. Aggregate Bond Index 6.14% 8.74% 5.32% - - 4.52%
w/ sales charge -0.38% 1.96% 3.28% - - 3.91%

Fund Expense Ratio :

Gross 1.12%

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
Investment Grade Corporate
High Yield Corporate
ABS
MBS
U.S. Government Related
CMBS
Sovereign
Other
Cash

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

Maturity Assets
Less than 1 year
1-2.99 years
3-4.99 years
5-6.99 years
7-9.99 years
Greater than 10 years

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

Credit Quality Distribution as of 08/31/2020 View Portfolio

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

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

Investment Team

Kewjin Yuoh
Kewjin Yuoh

Partner & Portfolio Manager

26 Years of Industry Experience

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

Partner & Portfolio Manager

22 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Co-Director of Taxable Fixed Income

19 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Co-Director of Taxable Fixed Income

29 Years of Industry Experience

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

Contact a Representative

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

Performance

Performance

Dividend Yield 1 as of 09/28/2020  

  Subsidized3 Un-Subsidized4
w/o sales charge 3.19% 2.75%
w/ sales charge 3.12% 2.69%

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

  Subsidized5 Un-Subsidized6
w/o sales charge 2.22% 2.13%

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

Fund Expense Ratio :

Gross 1.12%

Net 0.68%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge 4.79% 4.95% 4.60% - - 4.89%
Lipper Category Avg. Core Plus Bond Funds 7.03% 6.97% 5.00% - - -
Bloomberg Barclays U.S. Aggregate Bond Index 6.85% 6.47% 5.09% - - 4.50%
w/ sales charge 2.45% 2.57% 3.82% - - 4.39%

Fund Expense Ratio :

Gross 1.12%

Net 0.68%

Fund Expense Ratio :

Gross 1.12%

Net 0.68%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge 1.90% 4.30% 4.06% - - 4.43%
Lipper Category Avg. Core Plus Bond Funds 5.15% 7.61% 4.84% - - -
Bloomberg Barclays U.S. Aggregate Bond Index 6.14% 8.74% 5.32% - - 4.52%
w/ sales charge -0.38% 1.96% 3.28% - - 3.91%

Fund Expense Ratio :

Gross 1.12%

Net 0.68%

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

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

Portfolio

Portfolio

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

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

Rating Assets
Less than 1 year
1-2.99 years
3-4.99 years
5-6.99 years
7-9.99 years
Greater than 10 years

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

Credit Quality Distribution as of 08/31/2020

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

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

Portfolio Positioningas of 6/30/2020

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

Portfolio Details as of 08/31/2020

Total Net Assets
$279.71 M
Number of Issues
653
Average Coupon
3.7%
Average Life
6.79 Years
Average Maturity
6.79 Years
Average Effective Duration
5.67 Years
Average Modified Duration
6.11 Years

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

Average Coupon - The weighted average annual rate of interest on a bond’s face value that the issuer agrees to pay the holder until maturity for all the securities in a portfolio.

Average Maturity - The length of time until the average security in a portfolio will mature or be redeemed by its issuer in proportion to its dollar value. Indicating a portfolio’s sensitivity to general market interest rate changes, a longer average maturity implies greater relative portfolio volatility.

Modified Duration - The change in the value of a fixed income security that will result from a 1% change in interest rates. Duration is expressed as a number of years, and generally, the larger a portfolio’s duration, the greater the interest-rate risk or reward for underlying bond prices. Where applicable, securities, such as common or preferred stock, convertible bonds and convertible preferred stock, ETFs and ADRs and futures, are excluded from these calculations.

Holding Coupon Maturity Assets
30-YR UMBS-TBA PROD SEP 4.000% 06/01/2047 8.6%
United States Treasury Bill 0.000% 11/12/2020 6.2%
30-YR UMBS-TBA PROD SEP 3.500% 02/01/2047 2.2%
U.S. Treasury Note/Bond 0.250% 07/31/2025 2.1%
U.S. Treasury Note/Bond 3.625% 08/15/2043 1.4%
U.S. Treasury Note/Bond 1.375% 08/15/2050 1.2%
Federal National Mortgage Assoc. 3.500% 09/01/2047 1.1%
U.S. Treasury Note 0.125% 04/15/2025 1.0%
30-YR UMBS-TBA PROD SEP 2.500% 12/01/2045 1.0%
UBS AG Registered Shares 5.125% 05/15/2024 0.8%
% of Total Assets 25.6%
Holding Coupon Maturity Assets
30-YR UMBS-TBA PROD AUG4.000% 05/01/20478.8%
30-YR UMBS-TBA PROD AUG3.500% 01/01/20473.4%
United States Treasury Bill0.000% 11/12/20203.0%
30-YR UMBS-TBA PROD AUG3.000% 11/01/20452.4%
U.S. Treasury Note/Bond0.125% 07/31/20222.3%
U.S. Treasury Note/Bond3.625% 08/15/20431.5%
Federal National Mortgage Assoc.3.500% 09/01/20471.2%
U.S. Treasury Note/Bond0.125% 07/15/20231.0%
30-YR UMBS-TBA PROD AUG2.500% 11/01/20451.0%
U.S. Treasury Note0.125% 04/15/20251.0%
UBS AG Registered Shares5.125% 05/15/20240.8%
Eli Lilly & Co.3.375% 03/15/20290.7%
Time Warner Cable LLC7.300% 07/01/20380.7%
General Motors Co.6.600% 04/01/20360.7%
Federal National Mortgage Assoc.3.500% 03/01/20500.7%
Drive Auto Receivables Trust 2017-15.170% 09/16/20240.6%
AT&T, Inc.6.000% 08/15/20400.6%
AbbVie, Inc.4.250% 11/21/20490.6%
HCA, Inc.5.500% 06/15/20470.6%
VMC Finance 2019-FL3 LLC1.281% 09/15/20360.6%
Credit Index Swap5.000% 06/20/20250.5%
NextGear Floorplan Master Owner Trust3.210% 02/15/20240.5%
AmeriCredit Automobile Receivables Trust 2020-11.480% 01/21/20250.5%
Sabine Pass Liquefaction LLC5.875% 06/30/20260.5%
Anheuser-Busch InBev Worldwide, Inc.4.750% 01/23/20290.5%
Westlake Automobile Receivables Trust 2018-24.000% 01/16/20240.5%
Boeing Co.4.875% 05/01/20250.5%
Palmer Square Loan Funding 2018-1 Ltd0.875% 04/15/20260.5%
Biogen Idec, Inc.2.250% 05/01/20300.5%
CVS Caremark Corp.4.780% 03/25/20380.5%
Cox Communications, Inc.8.375% 03/01/20390.5%
BAT Capital Corp4.390% 08/15/20370.5%
NiSource, Inc.3.490% 05/15/20270.4%
GS Mortgage Securities Corp Trust 2019-70P1.175% 10/15/20360.4%
Wells Fargo Commercial Mortgage Trust 2016-C354.176% 07/15/20480.4%
Santander Drive Auto Receivables Trust 2018-53.810% 12/16/20240.4%
Hyundai Floorplan Master Owner Trust2.680% 04/15/20240.4%
Wabtec Corp.4.950% 09/15/20280.4%
Zimmer Biomet Holdings, Inc.5.750% 11/30/20390.4%
Dell International LLC / EMC Corp.8.350% 07/15/20460.4%
AerCap Ireland Capital Ltd.4.875% 01/16/20240.4%
Boeing Co.5.150% 05/01/20300.4%
PSEG Power LLC8.625% 04/15/20310.4%
Ford Motor Co.7.450% 07/16/20310.4%
Bank of America Corp.3.593% 07/21/20280.4%
Nvent Finance Sarl4.550% 04/15/20280.4%
Atrium Hotel Portfolio Trust 2017-ATRM1.105% 12/15/20360.4%
Foursight Capital Automobile Receivables Trust 2013.530% 04/17/20230.4%
Broadcom Corp. / Broadcom Cayman Finance Ltd.3.875% 01/15/20270.4%
CPS Auto Trust4.610% 12/15/20220.4%
First Investors Auto Owner Trust 2019-13.020% 03/17/20250.4%
Alcon Finance Corp2.600% 05/27/20300.4%
Ford Credit Auto Owner Trust 2019-C1.880% 07/15/20220.3%
DTE Electric Co2.625% 03/01/20310.3%
Palmer Square Loan Funding 2018-5 Ltd1.122% 01/20/20270.3%
ReadyCap Commercial Mortgage Trust 2019-62.833% 10/25/20520.3%
Wells Fargo Capital X5.950% 12/01/20860.3%
LoanCore 2019-CRE3 Issuer Ltd1.225% 04/15/20340.3%
Boeing Co.5.040% 05/01/20270.3%
Kraft Heinz Foods Co.4.375% 06/01/20460.3%
Netflix, Inc.6.375% 05/15/20290.3%
U.S. Treasury Note/Bond1.250% 05/15/20500.3%
U.S. Treasury Note/Bond0.250% 07/31/20250.3%
VEREIT Operating Partnership L.P.4.875% 06/01/20260.3%
NextGear Floorplan Master Owner Trust2.560% 10/17/20220.3%
CSC Holdings LLC5.500% 04/15/20270.3%
AT&T, Inc.6.250% 03/29/20410.3%
JP Morgan Chase Commercial Mortgage Securities Tru1.175% 06/15/20320.3%
U.S. Treasury Note/Bond2.375% 11/15/20490.3%
AT&T, Inc.3.650% 06/01/20510.3%
Chesapeake Funding II LLC2.940% 04/15/20310.3%
National Australia Bank Ltd.3.933% 08/02/20340.3%
GS Mortgage Securities Corp Trust 2019-70P1.495% 10/15/20360.3%
Boston Scientific Corp.2.650% 06/01/20300.3%
United Technologies Corp.2.250% 07/01/20300.3%
Westlake Automobile Receivables Trust 2019-32.150% 02/15/20230.3%
Ally Financial, Inc.8.000% 11/01/20310.3%
Continental Resources, Inc.3.800% 06/01/20240.3%
Catholic Health Initiatives3.347% 10/01/20290.3%
KVK CLO 2016-1 Ltd2.525% 01/15/20290.3%
American Express Credit Account Master Trust3.070% 10/15/20240.3%
Palmer Square Loan Funding 2020-1 Ltd1.177% 02/20/20280.3%
Oglethorpe Power Corp.5.950% 11/01/20390.3%
JPMorgan Chase & Co.3.782% 02/01/20280.3%
Cenovus Energy, Inc.5.400% 06/15/20470.3%
GS Mortgage Securities Corp Trust 2019-SMP1.325% 08/15/20320.3%
Drive Auto Receivables Trust 2019-14.090% 06/15/20260.3%
CSAIL 2016-C7 Commercial Mortgage Trust4.387% 11/15/20490.3%
Emera US Finance L.P.4.750% 06/15/20460.3%
Garda World Security Corp4.625% 02/15/20270.3%
Occidental Petroleum Corp.7.875% 09/15/20310.3%
Glencore Finance Canada Ltd.5.550% 10/25/20420.3%
Kayne CLO 7 Ltd2.607% 04/17/20330.3%
Western Digital Corp.4.750% 02/15/20260.3%
Alibaba Group Holding Ltd.3.600% 11/28/20240.3%
Tencent Holdings Ltd.3.595% 01/19/20280.3%
Anglo American Capital plc4.750% 04/10/20270.3%
Albertsons Cos Inc / Safeway Inc / New Albertsons4.875% 02/15/20300.3%
Nexstar Broadcasting, Inc.5.625% 07/15/20270.3%
Amur Equipment Finance Receivables V LLC3.740% 04/22/20240.3%
Credit Suisse Mortgage Capital Certificates1.700% 04/25/20650.2%
ME Funding LLC 2019-16.448% 07/30/20490.2%
AMC Networks, Inc.4.750% 08/01/20250.2%
NRG Energy, Inc.4.450% 06/15/20290.2%
NGPL Pipeco LLC4.875% 08/15/20270.2%
Qatar Government International Bond3.250% 06/02/20260.2%
DISH DBS Corp.7.750% 07/01/20260.2%
CF Trust 2019-MF12.950% 08/21/20320.2%
Credit Suisse Commercial Mortgage Securities Corp1.425% 01/15/20340.2%
Exelon Generation Co. LLC3.250% 06/01/20250.2%
CVS Caremark Corp.3.625% 04/01/20270.2%
Global Payments, Inc.3.200% 08/15/20290.2%
Saudi Arabian Oil Co2.875% 04/16/20240.2%
Nigeria Government International Bond6.375% 07/12/20230.2%
Wingstop Funding 2018-1 LLC4.970% 12/05/20480.2%
Westlake Automobile Receivables Trust 2020-12.520% 04/15/20250.2%
Morgan Stanley3.625% 01/20/20270.2%
AES Corp.5.125% 09/01/20270.2%
Westlake Automobile Receivables Trust 2018-33.320% 10/16/20230.2%
AmeriCredit Automobile Receivables Trust 2017-32.240% 06/19/20230.2%
MPH Acquisition Holdings LLC7.125% 06/01/20240.2%
CCO Holdings LLC / CCO Holdings Capital Corp.4.750% 03/01/20300.2%
Altria Group, Inc.5.950% 02/14/20490.2%
UnitedHealth Group, Inc.3.500% 08/15/20390.2%
Mexichem SAB de CV4.875% 09/19/20220.2%
Adient Global Holdings Ltd.4.875% 08/15/20260.2%
General Electric Co.5.000% 12/31/20990.2%
Federal National Mortgage Assoc.4.000% 01/01/20480.2%
Petroleos Mexicanos4.500% 01/23/20260.2%
Delta Air Lines, Inc.7.000% 05/01/20250.2%
Wells Fargo & Co.2.393% 06/02/20280.2%
Springleaf Finance Corp.5.375% 11/15/20290.2%
Imperial Tobacco Finance plc3.875% 07/26/20290.2%
MEDNAX, Inc.6.250% 01/15/20270.2%
BAE Systems plc3.400% 04/15/20300.2%
Navistar International Corp.9.500% 05/01/20250.2%
GrubHub Holdings Inc5.500% 07/01/20270.2%
Select Medical Corp.6.250% 08/15/20260.2%
XPO Logistics, Inc.6.250% 05/01/20250.2%
Gap, Inc.8.625% 05/15/20250.2%
IRB Holding Corp7.000% 06/15/20250.2%
Match Group Holdings II LLC4.125% 08/01/20300.2%
Banff Merger Sub Inc9.750% 09/01/20260.2%
Murphy Oil USA, Inc.4.750% 09/15/20290.2%
Westlake Automobile Receivables Trust 2019-13.260% 10/17/20220.2%
Hilton Domestic Operating Co, Inc.4.875% 01/15/20300.2%
Discover Bank4.682% 08/09/20280.2%
Century Communities, Inc.6.750% 06/01/20270.2%
TEGNA, Inc.5.000% 09/15/20290.2%
Yum! Brands, Inc.7.750% 04/01/20250.2%
BMW Vehicle Owner Trust 2019-A2.050% 05/25/20220.2%
Universal Health Services, Inc.5.000% 06/01/20260.2%
Viking Cruises Ltd.13.000% 05/15/20250.2%
Capital Auto Receivables Asset Trust 2018-23.270% 06/20/20230.2%
National Fuel Gas Co.5.500% 01/15/20260.2%
Hospitality Properties Trust4.950% 10/01/20290.2%
Aircastle Ltd.4.250% 06/15/20260.2%
American Express Credit Account Master Trust2.860% 11/15/20240.2%
CF Industries, Inc.4.950% 06/01/20430.2%
Perimeter Master Note Business Trust6.020% 12/15/20220.2%
Avid Automobile Receivables Trust 2019-12.820% 07/15/20260.2%
Avid Automobile Receivables Trust 2019-13.140% 07/15/20260.2%
Lithia Motors, Inc.4.625% 12/15/20270.2%
CNAC HK Finbridge Co Ltd4.125% 07/19/20270.2%
United Rentals, Inc.4.000% 07/15/20300.2%
M360 2019-CRE2 LLC2.025% 09/15/20340.2%
GS Mortgage Securities Corp Trust 2019-SMP1.675% 08/15/20320.2%
Ammc Clo 19 Ltd.2.825% 10/16/20280.2%
Sprint Capital Corp.6.875% 11/15/20280.2%
Ammc Clo 19 Ltd.2.075% 10/16/20280.2%
Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worl4.700% 02/01/20360.2%
Diamond Sports Group LLC / Diamond Sports Finance5.375% 08/15/20260.2%
Great Wolf Trust 2019-WOLF1.209% 12/15/20360.2%
Navient Corp.6.750% 06/25/20250.2%
Cargill Inc2.125% 04/23/20300.2%
Capital One Prime Auto Receivables Trust 2019-22.060% 09/15/20220.2%
Parsley Energy LLC5.625% 10/15/20270.2%
Benchmark 2019-B12 Mortgage Trust3.440% 08/15/20520.2%
Octagon Investment Partners 30 Ltd1.972% 03/17/20300.2%
JBS USA LUX SA / JBS USA Food Co / JBS USA Finance6.500% 04/15/20290.2%
Jabil, Inc.3.000% 01/15/20310.2%
Foursight Capital Automobile Receivables Trust 2015.560% 01/16/20240.2%
COMM 2014-UBS4 Mortgage Trust4.707% 08/10/20470.2%
PFP 2019-6 Ltd1.877% 04/14/20370.2%
E*TRADE Financial Corp.5.875% 12/31/20990.2%
Watco Cos. LLC / Watco Finance Corp.6.500% 06/15/20270.2%
Triton Container Finance VI LLC4.190% 06/22/20430.2%
Carnival Corp.11.500% 04/01/20230.2%
Salem Fields CLO Ltd 2016-21.395% 10/25/20280.2%
Vista Point Securitization Trust1.475% 04/25/20650.2%
Wells Fargo Commercial Mortgage Trust4.276% 07/15/20460.2%
Saudi Government International Bond3.625% 03/04/20280.2%
Toronto-Dominion Bank3.625% 09/15/20310.2%
Capital One Multi-Asset Execution Trust2.060% 08/15/20280.2%
Rite Aid Corp.8.000% 11/15/20260.2%
Federal Home Loan Mortgage Corp.4.000% 10/01/20490.2%
Sunac China Holdings Ltd7.875% 02/15/20220.2%
EQT Corp.7.875% 02/01/20250.2%
Protective Life Corp.8.450% 10/15/20390.2%
Tenet Healthcare Corp.7.000% 08/01/20250.2%
Carmax Auto Owner Trust 2019-42.320% 07/15/20250.2%
AstraZeneca plc4.375% 08/17/20480.2%
First Investors Auto Owner Trust 2019-22.710% 12/15/20250.2%
Acrisure LLC / Acrisure Finance Inc7.000% 11/15/20250.2%
Owens Corning4.300% 07/15/20470.2%
Ally Auto Receivables Trust 2019-41.930% 10/17/20220.2%
Enviva Partners LP / Enviva Partners Finance Corp6.500% 01/15/20260.2%
Textainer Marine Containers VII Ltd4.110% 07/20/20430.2%
COMM 2015-DC1 Mortgage Trust4.311% 02/10/20480.2%
Boyd Gaming Corp.6.000% 08/15/20260.2%
BX Trust 2019-OC113.202% 12/09/20410.2%
Verus Securitization Trust 2020-12.417% 01/25/20600.2%
Viper Energy Partners LP5.375% 11/01/20270.2%
EPR Properties4.950% 04/15/20280.2%
Marble Point CLO XVII Ltd1.572% 04/20/20330.2%
Minerva Luxembourg SA5.875% 01/19/20280.2%
Drive Auto Receivables Trust4.160% 05/15/20240.2%
Exelon Generation Co. LLC5.750% 10/01/20410.2%
Stanley Black & Decker, Inc.4.000% 03/15/20600.2%
CPS Auto Receivables Trust 2019-D2.540% 08/15/20240.2%
Connect Finco SARL / Connect US Finco LLC6.750% 10/01/20260.2%
CPS Auto Receivables Trust 2019-D2.350% 11/15/20230.2%
Freeport-McMoRan, Inc.4.250% 03/01/20300.2%
Kansas City Southern3.500% 05/01/20500.2%
CNAC HK Finbridge Co Ltd3.500% 07/19/20220.2%
Vail Resorts, Inc.6.250% 05/15/20250.2%
Clarios Global LP / Clarios US Finance Co8.500% 05/15/20270.2%
Mattel, Inc.6.750% 12/31/20250.1%
General Electric Co.1.741% 03/15/20230.1%
Buckeye Partners L.P.6.375% 01/22/20780.1%
WPX Energy, Inc.5.750% 06/01/20260.1%
Egypt Government International Bond6.588% 02/21/20280.1%
Penn National Gaming, Inc.5.625% 01/15/20270.1%
Citigroup, Inc.3.980% 03/20/20300.1%
Plains All American Pipeline L.P.6.125% 12/31/20990.1%
Goodman US Finance Three LLC3.700% 03/15/20280.1%
Teachers Insurance & Annuity Association of Americ4.900% 09/15/20440.1%
Chobani LLC / Chobani Finance Corp Inc7.500% 04/15/20250.1%
Avolon Holdings Funding Ltd5.250% 05/15/20240.1%
Jamestown CLO VI-R Ltd1.395% 04/25/20300.1%
Deephaven Residential Mortgage Trust 2019-32.964% 07/25/20590.1%
MHP Lux SA6.250% 09/19/20290.1%
SCF Equipment Leasing 2019-2 LLC2.760% 08/20/20260.1%
Volkswagen Group of America Finance LLC3.125% 05/12/20230.1%
Tesla Motors, Inc.5.300% 08/15/20250.1%
TRTX 2019-FL3 Issuer Ltd2.281% 09/15/20340.1%
LifePoint Hospitals, Inc.4.375% 02/15/20270.1%
ESH Hospitality, Inc.4.625% 10/01/20270.1%
Ukraine Government7.750% 09/01/20230.1%
Newell Rubbermaid, Inc.5.875% 04/01/20360.1%
National Securities Clearing Corp1.500% 04/23/20250.1%
TransDigm, Inc.6.375% 06/15/20260.1%
PetSmart, Inc.5.875% 06/01/20250.1%
Scripps Escrow Inc5.875% 07/15/20270.1%
Morgan Stanley4.431% 01/23/20300.1%
Park Aerospace Holdings Ltd5.500% 02/15/20240.1%
Zhenro Properties Group Ltd8.650% 01/21/20230.1%
JD.com, Inc.3.375% 01/14/20300.1%
Angel Oak Mortgage Trust I LLC 2019-42.993% 07/26/20490.1%
Listrindo Capital BV4.950% 09/14/20260.1%
Berkshire Hathaway Energy Co.3.800% 07/15/20480.1%
Intuit, Inc.1.350% 07/15/20270.1%
Selective Insurance Group, Inc.5.375% 03/01/20490.1%
CF Trust 2019-MF12.650% 08/21/20320.1%
Quest Diagnostics, Inc.2.800% 06/30/20310.1%
Fifth Third Auto Trust 2019-12.660% 05/16/20220.1%
Carlisle Cos., Inc.2.750% 03/01/20300.1%
Fibria Overseas Finance Ltd.4.000% 01/14/20250.1%
Centene Corp.3.375% 02/15/20300.1%
Ford Credit Floorplan Master Owner Trust A2.390% 08/15/20220.1%
Valeant Pharmaceuticals International, Inc.5.000% 01/30/20280.1%
Trimble Navigation Ltd.4.900% 06/15/20280.1%
Neuberger Berman Group LLC4.875% 04/15/20450.1%
Westpac Banking Corp.4.110% 07/24/20340.1%
JPMorgan Chase & Co.4.600% 12/31/20990.1%
Prestige Auto Receivables Trust 2017-13.610% 10/16/20230.1%
BBCMS 2019-BWAY Mortgage Trust1.785% 11/25/20340.1%
New Residential Mortgage Loan Trust 2019-NQM32.802% 07/25/20490.1%
Michigan Fin Auth3.084% 12/01/20340.1%
Halcyon Loan Advisors Funding 2015-3 Ltd1.172% 10/18/20270.1%
Vertical US Newco Inc5.250% 07/15/20270.1%
Petroleos Mexicanos5.350% 02/12/20280.1%
Avid Automobile Receivables Trust 2019-12.620% 02/15/20240.1%
AI Candelaria Spain SLU7.500% 12/15/20280.1%
Globo Comunicacao e Participacoes SA4.875% 01/22/20300.1%
Anthem, Inc.2.250% 05/15/20300.1%
COMM Mortgage Trust4.365% 07/10/20500.1%
Banco de Credito e Inversiones3.500% 10/12/20270.1%
GS Mortgage Securities Corp Trust 2019-70P0.506% 10/15/20360.1%
PFP 2019-6 Ltd2.277% 04/14/20370.1%
Scientific Games International, Inc.7.250% 11/15/20290.1%
Kookmin Bank1.750% 05/04/20250.1%
Citigroup Commercial Mortgage Trust 2016-GC362.850% 02/10/20490.1%
COMM Mortgage Trust3.902% 07/10/20500.1%
Volkswagen Group of America Finance LLC3.350% 05/13/20250.1%
General Electric Co.6.150% 08/07/20370.1%
First Investors Auto Owner Trust 2019-22.210% 09/16/20240.1%
JP Morgan Chase Commercial Mortgage Securities Cor1.925% 09/15/20290.1%
CSMC 2020-AFC1 Trust2.240% 02/25/20500.1%
Citigroup, Inc.2.666% 01/29/20310.1%
Qatar Government International Bond5.103% 04/23/20480.1%
JP Morgan Chase Commercial Mortgage Securities Cor2.825% 09/15/20290.1%
Natixis Commercial Mortgage Securities Trust 2019-0.633% 10/15/20360.1%
JP Morgan Chase Commercial Mortgage Securities Cor3.525% 09/15/20290.1%
Western Gas Partners L.P.5.050% 02/01/20300.1%
Pulte Group, Inc.5.000% 01/15/20270.1%
Laredo Petroleum Holdings, Inc.9.500% 01/15/20250.1%
Consolidated Communications, Inc.6.500% 10/01/20220.1%
Walgreen Co.3.200% 04/15/20300.1%
MPT Operating Partnership L.P.5.000% 10/15/20270.1%
JP Morgan Chase Commercial Mortgage Securities Cor4.525% 09/15/20290.1%
Diamondback Energy, Inc.3.500% 12/01/20290.1%
FMG Finance Pty Ltd.4.500% 09/15/20270.1%
American Axle & Manufacturing, Inc.6.500% 04/01/20270.1%
TRI Pointe Homes LLC5.250% 06/01/20270.1%
Tronox Inc6.500% 04/15/20260.1%
Drive Auto Receivables Trust 2019-42.840% 11/17/20250.1%
Westlake Automobile Receivables Trust 2019-32.410% 10/15/20240.1%
E*TRADE Financial Corp.3.800% 08/24/20270.1%
JP Morgan Chase Commercial Mortgage Securities Tru1.475% 06/15/20320.1%
Apache Corp.3.250% 04/15/20220.1%
Radiology Partners Inc9.250% 02/01/20280.1%
Freeport-McMoRan, Inc.4.125% 03/01/20280.1%
Netflix, Inc.4.875% 06/15/20300.1%
Capitol Investment Merger Sub 2 LLC10.000% 08/01/20240.1%
JP Morgan Chase Commercial Mortgage Securities Cor5.525% 09/15/20290.1%
Sally Holdings LLC / Sally Capital, Inc.5.625% 12/01/20250.1%
SOUND POINT CLO XVII1.872% 10/20/20300.1%
Citgo Holding, Inc.9.250% 08/01/20240.1%
Empresa Nacional del Petroleo3.750% 08/05/20260.1%
Ameriprise Financial, Inc.3.000% 04/02/20250.1%
Nouryon Holding BV8.000% 10/01/20260.1%
Baxter International, Inc.3.750% 10/01/20250.1%
Scientific Games International, Inc.8.250% 03/15/20260.1%
FAGE International SA/ FAGE USA Dairy Industry Inc5.625% 08/15/20260.1%
Bayer Corp6.650% 02/15/20280.1%
National Oilwell Varco, Inc.3.600% 12/01/20290.1%
Citgo Petroleum Corp.7.000% 06/15/20250.1%
Hilcorp Energy L.P. / Hilcorp Finance Co.6.250% 11/01/20280.1%
Zayo Group Holdings, Inc.4.000% 03/01/20270.1%
Clear Channel Worldwide Holdings, Inc.9.250% 02/15/20240.1%
Dominion Gas Holdings LLC4.600% 12/15/20440.1%
Signature Aviation US Holdings Inc4.000% 03/01/20280.1%
TerraForm Power Operating LLC4.750% 01/15/20300.1%
CIT Group, Inc.6.125% 03/09/20280.1%
Southwestern Energy Co.7.750% 10/01/20270.1%
BSPRT 2018-FL4 Issuer Ltd1.225% 09/15/20350.1%
Hardee's Funding LLC5.710% 06/20/20480.1%
CrownRock L.P./CrownRock Finance, Inc.5.625% 10/15/20250.1%
PetSmart, Inc.8.875% 06/01/20250.1%
Stars Group Holdings BV / Stars Group US Co-Borrow7.000% 07/15/20260.1%
SCF Equipment Leasing 2019-2 LLC3.110% 06/21/20270.1%
Deephaven Residential Mortgage Trust 2019-42.791% 10/25/20590.1%
Murphy Oil Corp.5.875% 12/01/20270.1%
World Omni Auto Receivables Trust 2017-A1.930% 09/15/20220.1%
Credit Acceptance Auto Loan Trust 2017-33.480% 10/15/20260.1%
Westlake Automobile Receivables Trust 2019-13.450% 03/15/20240.1%
San Antonio, TX3.527% 07/01/20400.1%
Leidos, Inc.7.125% 07/01/20320.1%
Jamestown CLO IX Ltd2.922% 10/20/20280.1%
Greywolf CLO IV Ltd2.223% 04/17/20300.1%
Avery Point VII CLO Ltd2.725% 01/15/20280.1%
Sound Point Clo XII Ltd2.072% 10/20/20280.1%
Oaktree CLO 2014-11.724% 05/13/20290.1%
ENI SpA5.700% 10/01/20400.1%
Avery Point VII CLO Ltd2.025% 01/15/20280.1%
KKR Clo 17 Ltd1.925% 04/15/20290.1%
Mountain View CLO 2017-1 LLC2.021% 10/16/20290.1%
Tenet Healthcare Corp.6.250% 02/01/20270.1%
Jackson Mill CLO Ltd.1.105% 04/15/20270.1%
Perusahaan Listrik Negara PT5.250% 10/24/20420.1%
M360 2019-CRE2 LLC2.425% 09/15/20340.1%
KKR CLO 18 Ltd1.972% 07/18/20300.1%
Quicken Loans LLC5.750% 05/01/20250.1%
ALM VII Ltd3.825% 07/15/20290.1%
Coty, Inc.6.500% 04/15/20260.1%
Global Aircraft Leasing Co Ltd6.500% 09/15/20240.1%
Macquarie Group Ltd.4.654% 03/27/20290.1%
United Rentals, Inc.4.875% 01/15/20280.1%
CSAIL 2019-C18 Commercial Mortgage Trust3.321% 12/15/20520.1%
Permanent Univ Fnd - Texas A&M Univ Sys3.660% 07/01/20470.1%
Advocate Health & Hospitals Corp3.387% 10/15/20490.1%
Gray Television, Inc.7.000% 05/15/20270.1%
Uber Technologies Inc8.000% 11/01/20260.1%
Chesapeake Funding II LLC1.990% 05/15/20290.1%
Trillium Credit Card Trust II0.522% 09/26/20230.1%
Northwoods Capital 20 Ltd4.495% 01/25/20300.1%
Pertamina Persero PT4.700% 07/30/20490.1%
ITC Holdings Corp.3.350% 11/15/20270.1%
Banco do Brasil SA4.625% 01/15/20250.1%
Griffon Corp.5.750% 03/01/20280.1%
Westlake Automobile Receivables Trust 2018-23.500% 01/16/20240.1%
Cemig Geracao e Transmissao SA9.250% 12/05/20240.1%
AT&T, Inc.4.300% 02/15/20300.1%
Danske Bank A/S5.375% 01/12/20240.1%
Chinalco Capital Holdings Ltd4.000% 08/25/20210.1%
Cigna Corp1.493% 09/17/20210.1%
PDC Energy, Inc.5.750% 05/15/20260.1%
COMM 2017-COR2 Mortgage Trust3.803% 09/10/20500.1%
Foothill-Eastern Transp Corridor Agy, CA4.094% 01/15/20490.1%
Longfor Properties Co. Ltd.4.500% 01/16/20280.1%
Perusahaan Listrik Negara PT4.125% 05/15/20270.1%
Kaisa Group Holdings Ltd.11.950% 10/22/20220.1%
SURA Asset Management SA4.375% 04/11/20270.1%
Surgery Center Holdings, Inc.10.000% 04/15/20270.1%
Prosus NV3.680% 01/21/20300.1%
Greenko Solar Mauritius Ltd5.950% 07/29/20260.1%
Ford Credit Auto Owner Trust 2019-REV13.520% 07/15/20300.1%
California7.625% 03/01/20400.1%
CSN Resources SA7.625% 02/13/20230.1%
MHP Lux SA6.950% 04/03/20260.1%
Healthcare Trust of America Holdings LP3.100% 02/15/20300.1%
Country Garden Holdings Co. Ltd.4.750% 09/28/20230.1%
Kernel Holding SA8.750% 01/31/20220.1%
JPMorgan Chase & Co.3.960% 01/29/20270.1%
New Jersey Edl Facs Auth3.636% 09/01/20290.1%
Cemex, S.A.B. de C.V.5.450% 11/19/20290.1%
Dominion Resources, Inc.7.000% 06/15/20380.1%
CF Trust 2019-BOSS3.425% 12/15/20210.1%
World Omni Automobile Lease Securitization Trust 22.890% 11/15/20210.1%
Tengizchevroil Finance Co. International Ltd.3.250% 08/15/20300.1%
Turkiye Garanti Bankasi AS5.875% 03/16/20230.1%
SCF Equipment Leasing 2019-1 LLC3.230% 10/20/20240.1%
Egypt Government International Bond4.550% 11/20/20230.1%
Yuzhou Properties Co. Ltd.6.000% 10/25/20230.1%
COMM 2019-GC44 Mortgage Trust3.513% 08/15/20570.1%
Turkiye Vakiflar Bankasi Tao5.625% 05/30/20220.1%
Prestige Auto Receivables Trust 2019-13.900% 05/15/20260.1%
Eskom Holdings SOC Ltd.5.750% 01/26/20210.1%
BorgWarner, Inc.2.650% 07/01/20270.1%
Prima Capital CRE Securitization 2019-RK1 Ltd4.000% 04/15/20380.1%
Elm CLO 2014-1 Ltd2.023% 01/17/20290.1%
Pennsylvania Electric Co.3.600% 06/01/20290.1%
PayPal Holdings, Inc.3.250% 06/01/20500.1%
Wells Fargo Commercial Mortgage Trust 2017-HSDB1.028% 12/13/20310.1%
BBCMS 2019-BWAY Mortgage Trust1.131% 11/25/20340.1%
Healthcare Realty Trust, Inc.2.400% 03/15/20300.1%
Kaisa Group Holdings Ltd.9.375% 06/30/20240.1%
Starwood Mortgage Residential Trust 2020-12.275% 02/25/20500.1%
Deephaven Residential Mortgage Trust 2020-12.339% 01/25/20600.1%
Valeant Pharmaceuticals International, Inc.9.250% 04/01/20260.1%
Hyundai Auto Receivables Trust 2019-B1.930% 07/15/20220.1%
MEG Energy Corp.7.125% 02/01/20270.1%
MEG Energy Corp.7.000% 03/31/20240.1%
Wells Fargo Commercial Mortgage Trust 2014-LC163.817% 08/15/20500.1%
Hecla Mining Co.7.250% 02/15/20280.1%
Republic of Turkey4.250% 04/14/20260.1%
Republic of Turkey5.250% 03/13/20300.1%
Mercedes-Benz Auto Lease Trust 2019-A3.100% 11/15/20210.1%
Snap-on, Inc.3.100% 05/01/20500.1%
CoStar Group, Inc.2.800% 07/15/20300.1%
Match Group Holdings II LLC5.625% 02/15/20290.1%
Tenneco, Inc.5.375% 12/15/20240.1%
Nissan Auto Receivables 2017-C Owner Trust2.120% 04/18/20220.1%
Cheniere Corpus Christi Holdings LLC3.700% 11/15/20290.1%
Assurant, Inc.3.700% 02/22/20300.1%
BB-UBS Trust3.430% 11/05/20360.1%
IDEX Corp.3.000% 05/01/20300.1%
Republic of Peru2.392% 01/23/20260.1%
Dominion Resources, Inc.3.375% 04/01/20300.1%
BAMLL Trust4.420% 07/11/20330.1%
TCF Auto Receivables Owner Trust 2016-PT11.930% 06/15/20220.1%
LMREC 2019-CRE3 Inc1.579% 12/22/20350.1%
Carmax Auto Owner Trust 2019-32.210% 12/15/20220.1%
AmeriCredit Automobile Receivables Trust 2019-32.170% 01/18/20230.1%
Royal Caribbean Cruises Ltd.11.500% 06/01/20250.1%
Wells Fargo Commercial Mortgage Trust 2017-C413.785% 11/15/20500.1%
BX Commercial Mortgage Trust 2019-XL1.625% 10/15/20360.1%
Las Vegas Sands Corp.3.900% 08/08/20290.1%
Boyd Gaming Corp.4.750% 12/01/20270.1%
Statoil ASA1.750% 01/22/20260.1%
Carvana Auto Receivables Trust 2019-32.420% 04/15/20220.1%
GS Mortgage Securities Trust3.557% 04/10/20310.1%
LifePoint Hospitals, Inc.6.750% 04/15/20250.1%
Drive Auto Receivables Trust 2019-42.320% 06/15/20220.1%
Micron Technology, Inc.2.497% 04/24/20230.1%
GCAT 2019-NQM2 Trust2.247% 01/25/20600.1%
Tenet Healthcare Corp.6.750% 06/15/20230.1%
Apache Corp.4.375% 10/15/20280.1%
CCO Holdings LLC / CCO Holdings Capital Corp.5.000% 02/01/20280.1%
OneMain Financial Issuance Trust 2019-13.480% 02/14/20310.1%
BX Commercial Mortgage Trust 2019-XL1.425% 10/15/20360.1%
WPX Energy, Inc.5.250% 09/15/20240.1%
Amazon.com, Inc.2.500% 06/03/20500.1%
Aquarion Co.4.000% 08/15/20240.1%
Fontainebleau Miami Beach Trust 2019-FBLU3.144% 12/10/20360.0%
Vertical Midco GmbH4.375% 07/15/20270.0%
Dell International LLC / EMC Corp6.020% 06/15/20260.0%
SCF Equipment Leasing 2019-1 LLC3.920% 11/20/20260.0%
Toll Brothers Finance Corp.4.350% 02/15/20280.0%
Diamondback Energy, Inc.4.750% 05/31/20250.0%
Albertsons Cos Inc / Safeway Inc / New Albertsons4.625% 01/15/20270.0%
California7.300% 10/01/20390.0%
Mattel, Inc.5.450% 11/01/20410.0%
Adventist Health System/West2.952% 03/01/20290.0%
California Hlth Facs Fing Auth3.034% 06/01/20340.0%
Angel Oak Mortgage Trust 2020-12.466% 12/25/20590.0%
Brand Energy & Infrastructure Services Inc8.500% 07/15/20250.0%
Warrior Met Coal Inc8.000% 11/01/20240.0%
Netflix, Inc.3.625% 06/15/20250.0%
Amsted Industries, Inc.4.625% 05/15/20300.0%
GreatAmerica Leasing Receivables Funding LLC Serie3.210% 02/18/20250.0%
Zayo Group Holdings, Inc.6.125% 03/01/20280.0%
Drive Auto Receivables Trust 2017-33.530% 12/15/20230.0%
Community Health Systems, Inc.8.125% 06/30/20240.0%
CoreVest American Finance 2018-1 Trust3.804% 06/15/20510.0%
Fairstone Financial Issuance Trust I6.299% 03/21/20330.0%
Pepperdine University3.301% 12/01/20590.0%
Mohegan Tribal Gaming Authority7.875% 10/15/20240.0%
Carrier Global Corp3.577% 04/05/20500.0%
SURA Asset Management SA4.875% 04/17/20240.0%
Owens Corning7.000% 12/01/20360.0%
New Residential Mortgage Loan Trust 2020-NQM12.464% 01/26/20600.0%
Prima Capital CRE Securitization 2019-RK1 Ltd4.450% 04/15/20380.0%
Citigroup Commercial Mortgage Trust 2016-GC363.849% 02/10/20490.0%
Ford Credit Auto Owner Trust 2018-REV23.470% 01/15/20300.0%
Cent CLO Ltd.1.600% 10/29/20250.0%
First National Master Note Trust 2018-10.635% 10/15/20240.0%
Planet Fitness Master Issuer LLC4.666% 09/05/20480.0%
OneMain Financial Issuance Trust 2018-23.570% 03/14/20330.0%
BWAY 2015-1740 Mortgage Trust2.917% 01/10/20350.0%
CPS Auto Receivables Trust 2017-C3.790% 06/15/20230.0%
TAL Advantage VI LLC4.500% 04/20/20420.0%
PFS Financing Corp.2.890% 02/15/20230.0%
J.P. Morgan Chase Commercial Mortgage Securities T3.392% 06/05/20320.0%
ACC Trust 2019-14.470% 10/20/20220.0%
NextGear Floorplan Master Owner Trust4.010% 10/15/20230.0%
West Town Mall Trust 2017-KNOX3.823% 07/05/20300.0%
Fontainebleau Miami Beach Trust 2019-FBLU3.447% 12/10/20360.0%
JP Morgan Chase Commercial Mortgage Securities Tru3.621% 09/05/20320.0%
Longtrain Leasing III LLC 2015-14.060% 01/15/20450.0%
Genesis Sales Finance Master Trust Series 2019-A5.420% 08/20/20230.0%
BDS 2019-FL3 LTD1.581% 12/15/20350.0%
American Credit Acceptance Receivables Trust 2019-3.050% 05/12/20230.0%
Commercial Mortgage Pass Through Certificates3.400% 10/05/20300.0%
Exantas Capital Corp 2019-RSO7 Ltd1.680% 04/15/20360.0%
Popular, Inc.6.125% 09/14/20230.0%
GS Mortgage Securities Corp Trust 2018-RIVR1.125% 07/15/20350.0%
Atrium Hotel Portfolio Trust 2018-ATRM1.125% 06/15/20350.0%
COMM 2016-COR1 Mortgage Trust3.494% 10/10/20490.0%
Residential Mortgage Loan Trust 2020-12.376% 02/25/20240.0%
BX Commercial Mortgage Trust 2019-XL1.975% 10/15/20360.0%
BAMLL Commercial Mortgage Securities Trust 2019-AH1.775% 03/15/20340.0%
GS Mortgage Securities Corp Trust 2019-SMP0.587% 08/15/20320.0%
A10 Bridge Asset Financing LLC3.300% 05/15/20360.0%
Chesapeake Funding II LLC1.910% 08/15/20290.0%
Eni USA Inc7.300% 11/15/20270.0%
Affiliated Managers Group, Inc.3.500% 08/01/20250.0%
BHP Trust 2019-BXHP2.742% 08/15/20360.0%
Intertape Polymer Group Inc7.000% 10/15/20260.0%
BBCMS 2019-BWAY Mortgage Trust1.485% 11/25/20340.0%
Ford Credit Floorplan Master Owner Trust A3.060% 04/15/20260.0%
Exelon Generation Co. LLC5.600% 06/15/20420.0%
SLM Student Loan Trust 2007-30.305% 01/25/20220.0%
Exantas Capital Corp 2019-RSO7 Ltd1.180% 04/15/20360.0%
Santander UK plc7.950% 10/26/20290.0%
California Republic Auto Receivables Trust 2017-12.910% 12/15/20220.0%
Ashland, Inc.6.875% 05/15/20430.0%
NRG Energy, Inc.5.750% 01/15/20280.0%
GM Financial Automobile Leasing Trust 2019-22.670% 06/21/20210.0%
BX Commercial Mortgage Trust 2018-BIOA0.846% 03/15/20370.0%
Drive Auto Receivables Trust4.180% 03/15/20240.0%
First Investors Auto Owner Trust 2018-23.230% 12/15/20220.0%
RETL 2019-RVP2.275% 03/15/20360.0%
Mercedes-Benz Auto Lease Trust 2018-B3.210% 09/15/20210.0%
Fresenius Medical Care US Finance II, Inc.4.750% 10/15/20240.0%
BBCMS 2018-TALL Mortgage Trust2.612% 03/15/20370.0%
COMM Mortgage Trust4.290% 07/10/20500.0%
Westlake Automobile Receivables Trust 2019-23.200% 11/15/20240.0%
Drive Auto Receivables Trust 2017-13.840% 03/15/20230.0%
AutoNation, Inc.4.750% 06/01/20300.0%
1345 Avenue of the Americas & Park Avenue Plaza Tr5.278% 08/10/20350.0%
BX Trust 2018-GW0.975% 05/15/20350.0%
COMM Mortgage Trust4.365% 07/10/20500.0%
Natixis Commercial Mortgage Securities Trust 2018-3.790% 11/15/20320.0%
Natixis Commercial Mortgage Securities Trust 2018-3.790% 11/15/20320.0%
COMM Mortgage Trust4.349% 12/10/20470.0%
World Omni Automobile Lease Securitization Trust 22.830% 07/15/20210.0%
Toll Brothers Finance Corp.4.875% 03/15/20270.0%
WFRBS Commercial Mortgage Trust4.884% 08/15/20450.0%
Hilton Orlando Trust 2018-ORL1.875% 12/15/20340.0%
WFRBS Commercial Mortgage Trust4.320% 03/15/20480.0%
WPX Energy, Inc.8.250% 08/01/20230.0%
Capital Auto Receivables Asset Trust 2018-12.790% 01/20/20220.0%
Santander Drive Auto Receivables Trust 2017-32.760% 12/15/20220.0%
Universal Health Services, Inc.4.750% 08/01/20220.0%
GM Financial Automobile Leasing Trust 2019-22.670% 03/21/20220.0%
Wells Fargo Commercial Mortgage Trust4.102% 05/15/20480.0%
HealthSouth Corp.4.500% 02/01/20280.0%
Citigroup, Inc.4.450% 09/29/20270.0%
The Royal Bank of Scotland Group PLC6.125% 12/15/20220.0%
GS Mortgage Securities Trust4.511% 11/10/20470.0%
Surgery Center Holdings, Inc.6.750% 07/01/20250.0%
Hilton Orlando Trust 2018-ORL0.945% 12/15/20340.0%
Ahern Rentals, Inc.7.375% 05/15/20230.0%
AREIT 2018-CRE2 Trust1.157% 11/14/20350.0%
Summit Materials LLC5.125% 06/01/20250.0%
Charter Communications Operating LLC6.484% 10/23/20450.0%
First Investors Auto Owner Trust 2019-12.890% 03/15/20240.0%
JP Morgan Chase Commercial Mortgage Securities Tru3.350% 06/15/20350.0%
SCF Equipment Leasing 2018-1 LLC3.630% 10/20/20240.0%
Orange Lake Timeshare Trust 2019-A3.060% 04/09/20380.0%
Honda Auto Receivables 2019-1 Owner Trust2.750% 09/20/20210.0%
SG Commercial Mortgage Securities Trust 2019-787E0.305% 02/15/20410.0%
JP Morgan Chase Commercial Mortgage Securities Cor4.613% 07/05/20310.0%
Kratos Defense & Security Solutions Inc6.500% 11/30/20250.0%
Leidos, Inc.5.500% 07/01/20330.0%
Fifth Third Auto Trust 2019-12.690% 11/16/20260.0%
Ausgrid Finance Pty Ltd4.350% 08/01/20280.0%
SCF Equipment Leasing 2017-2 LLC3.410% 12/20/20230.0%
Enterprise Fleet Financing LLC2.870% 10/20/20230.0%
PHEAA Student Loan Trust I0.515% 04/25/20380.0%
Hardee's Funding LLC4.959% 06/20/20480.0%
JP Morgan Chase Commercial Mortgage Securities Tru1.775% 06/15/20320.0%
Diamond Resorts Owner Trust4.110% 10/22/20290.0%
Motel 6 Trust 2017-MTL63.425% 08/15/20340.0%
South Carolina Electric & Gas Co.6.050% 01/15/20380.0%
WFRBS Commercial Mortgage Trust3.863% 03/15/20480.0%
JP Morgan Chase Commercial Mortgage Securities Tru1.414% 07/05/20330.0%
World Financial Network Credit Card Master Trust2.660% 08/15/20240.0%
Neuberger Berman Group LLC4.500% 03/15/20270.0%
Norbord, Inc.6.250% 04/15/20230.0%
Orec 2018-CRE1 Ltd1.355% 06/15/20360.0%
Bank of America Corp.3.824% 01/20/20280.0%
E*TRADE Financial Corp.4.500% 06/20/20280.0%
SCF Equipment Leasing 2019-1 LLC3.040% 03/20/20230.0%
BAT Capital Corp3.557% 08/15/20270.0%
ReadyCap Commercial Mortgage Trust 2018-43.390% 02/27/20510.0%
Macquarie Bank Ltd.6.625% 04/07/20210.0%
AmeriCredit Automobile Receivables Trust 2017-22.970% 03/20/20230.0%
ACC Trust 2018-14.820% 05/20/20210.0%
Citigroup Commercial Mortgage Trust 2016-P32.804% 04/15/20490.0%
Drive Auto Receivables Trust3.720% 09/16/20240.0%
SLIDE 2018-FUN2.025% 06/15/20310.0%
Exelon Generation Co. LLC6.250% 10/01/20390.0%
Government National Mortgage Association2.650% 11/16/20500.0%
Brightsphere Investment Group Inc4.800% 07/27/20260.0%
Quality Distribution, Inc.9.500% 08/18/20230.0%
TCF Auto Receivables Owner Trust 2016-PT12.920% 10/17/20220.0%
JP Morgan Chase Commercial Mortgage Securities Tru4.549% 07/05/20330.0%
BCD Acquisition, Inc.9.625% 09/15/20230.0%
JP Morgan Chase Commercial Mortgage Securities Tru4.950% 07/05/20330.0%
JPMBB Commercial Mortgage Securities Trust4.268% 07/15/20480.0%
Time Warner Entertainment Co. L.P.8.375% 07/15/20330.0%
JP Morgan Chase Commercial Mortgage Securities Tru1.114% 07/05/20330.0%
Orange Lake Timeshare Trust 2015-A2.880% 09/08/20270.0%
COMM Mortgage Trust4.365% 07/10/20500.0%
J.P. Morgan Chase Commercial Mortgage SecuritiesTr2.020% 11/15/20350.0%
South Carolina Electric & Gas Co.6.625% 02/01/20320.0%
J.P. Morgan Chase Commercial Mortgage SecuritiesTr2.350% 11/15/20350.0%
Dell International LLC / EMC Corp.5.450% 06/15/20230.0%
JP Morgan Chase Commercial Mortgage Securities Tru3.805% 06/10/20270.0%
PPL Corp.5.200% 07/15/20410.0%
Kinross Gold Corp.5.950% 03/15/20240.0%
Bank of America Corp.4.000% 01/22/20250.0%
California Republic Auto Receivables Trust 2016-22.520% 05/16/20220.0%
JP Morgan Chase Commercial Mortgage Securities Tru2.829% 10/15/20450.0%
BMW Vehicle Lease Trust 2019-12.790% 03/22/20210.0%
General Electric Co.2.121% 05/05/20260.0%
Flagship Credit Auto Trust 2017-32.590% 07/15/20220.0%
FX EUR/USD 09/200.000% 09/04/20200.0%
First Investors Auto Owner Trust2.410% 12/15/20220.0%
FX EUR/USD 09/200.000% 09/04/20200.0%
Bancorp Commercial Mortgage 2018-CRE3 Trust/The1.025% 01/15/20330.0%
Flagship Credit Auto Trust 2018-12.590% 06/15/20220.0%
Ascentium Equipment Receivables 2017-1 Trust2.290% 06/10/20210.0%
Tapstone Energy Holdings III, LLC0.000% 06/01/20220.0%
CAN 5YR FUT SEPT200.000% 09/30/20200.0%
Tapstone Energy LLC / Tapstone Energy Finance Corp0.000% -0.0%
US 10YR ULTRA FUT SEP200.000% 09/30/20200.0%
US 2YR NOTE (CBT) SEP200.000% 10/05/20200.0%
US 5YR NOTE (CBT) SEP200.000% 10/05/20200.0%
US LONG BOND(CBT) SEP200.000% 09/30/20200.0%
US ULTRA BOND CBT SEP200.000% 09/30/20200.0%
EURO-SCHATZ FUT SEP200.000% 09/10/20200.0%
FX USD/CAD 09/200.000% 09/15/20200.0%
FX USD/EUR 09/200.000% 09/04/20200.0%
FX USD/EUR 09/200.000% 09/04/20200.0%

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

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 09/28/2020
$0.340
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 08/31/2020 $0.04150 $15.66
Daily Daily 07/31/2020 $0.04347 $15.72
Daily Daily 06/30/2020 $0.04432 $15.31
Daily Daily 05/31/2020 $0.04431 $15.16
Daily Daily 04/30/2020 $0.04658 $14.93
Daily Daily 03/31/2020 $0.04452 $14.64
Daily Daily 02/29/2020 $0.03838 $15.64
Daily Daily 01/31/2020 $0.03768 $15.54

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 09/30/2020
Daily Daily 10/31/2020
Daily Daily 11/30/2020
Daily Daily 12/31/2020

Yield

Yield

Dividend Yield as of 09/28/2020  

  Subsidized Un-Subsidized
w/o sales charge 3.19% 2.75%
w/ sales charge 3.12% 2.69%

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

Subsidized Un-Subsidized
2.22% 2.13%

Fees & Expenses

Fees & Expenses

Sales Charge Schedule as of 09/28/2020

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $100,000 2.25% 2.00% $15.95
$100,000 to $249,999 1.75% 1.50% $15.87
$250,000 to $499,999 1.25% 1.00% $15.79
$500,000 to $999,999 0.00% 1.00% $15.59
$1,000,000 to $5,000,000 0.00% 1.00% $15.59

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 08/31/2020

Expense ratio details, Click here.

Fund Documents

Fund Documents

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* Barron’s Top Fund Families of 2019, February 14, 2020, #5 in the Taxable Bond Category among 55 fund families. Based on the net total return of the one−year period ending 12/31/2019. #14 Overall ranking among 55 qualifying fund families based on the net total return of the one-year period ending 12/31/2019. Five-year Overall ranking is #30 out of 52 fund families; 10-year Overall ranking is #33 out of 45 fund families.

 

Source: Barron’s, “Barron’s Top Fund Families of 2019,” February 14, 2020. Barron’s rankings are based on asset weighted returns in funds in five categories: U.S. equity, world equity (including international and global portfolios), mixed asset (which invest in stocks, bonds and other securities), taxable bond, and tax-exempt (each a "Barron's ranking category"). Rankings also take into account an individual fund's performance within its Lipper peer universe. Lipper calculated each fund's net total return for the year ended December 31, 2019, minus the effects of 12b-1 fees and sales charges. Each fund in the survey was given a percentile ranking with 100 the highest and 1 the lowest in its category. That ranking measured how a fund compared with its peer "universe," as tracked by Lipper, not just the funds in the survey. Individual fund scores were then multiplied by the 2019 weighting of their Barron's ranking category as determined by the entire Lipper universe of funds. Those fund scores were then totaled, creating an overall score and ranking for each fund family in the survey in each Barron's ranking category. The process is repeated for the five- and ten-year rankings as well. Barron's Fund Family Rankings are awarded annually.

 

© Reuters 2020. All Rights Reserved. Lipper Analytical Services, Inc. is an independent mutual fund research and rating service. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper.

 

+

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

                    

1

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

 

2

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

 

3

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

 

4

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

 

5

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

 

6

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

 

IMPORTANT INFORMATION

 

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

 

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

 

 

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

 

Class 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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