LAPLX | Core Plus Bond Fund Class A | Lord Abbett

Tracked Funds

You have 0 funds on your mutual fund watch list.

Begin by selecting funds to create a personalized watch list.

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

Quick Links

Follow Us

Pending Orders

You have 0 items in your cart.

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

Check Out Go Literature Center

 

Core Plus Bond Fund

Track this Fund
Add to Hypo Tool

Daily price w/o sales charge as of 12/01/2023

$12.64

arrowUp$0.08

YTD Returns w/o sales charge as of 12/01/2023

3.84%

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

Click here to view all legal text including risk information

Summary

Summary

What is the Core Plus Bond Fund?

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

Yield

Average Yield to Maturity as of 10/31/2023

6.98%

30-Day Standardized Yield 1 as of 10/31/2023  

5.87%

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

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

Fund Basicsas of 10/31/2023

Total Net Assets
$1.38 B
Inception Date
12/08/2015
Dividend Frequency
Monthly
Fund Gross Expense Ratio
0.69%
Fund Net Expense Ratio
0.68%
Number of Holdings
595
Minimum Initial Investment
$1,500+

Fund Expense Ratio :

Gross 0.69%

Net 0.68%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge 3.17% 2.59% -3.47% 1.14% - 1.71%
Lipper Category Avg. Core Plus Bond Funds - - - - - -
Bloomberg U.S. Aggregate Bond Index 1.64% 1.18% -4.47% 0.71% - 0.95%
w/ sales charge 0.88% 0.26% -4.19% 0.68% - 1.42%

Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.

Fund Expense Ratio :

Gross 0.69%

Net 0.68%

Fund Expense Ratio :

Gross 0.69%

Net 0.68%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge 0.11% 1.90% -3.88% 0.37% - 1.35%
Lipper Category Avg. Core Plus Bond Funds -0.77% 1.09% -4.76% 0.32% - -
Bloomberg U.S. Aggregate Bond Index -1.21% 0.64% -5.21% 0.10% - 0.61%
w/ sales charge -2.12% -0.38% -4.61% -0.09% - 1.06%

Fund Expense Ratio :

Gross 0.69%

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

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

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

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

Credit Quality Distribution as of 10/31/2023 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

29 Years of Industry Experience

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

Partner, Portfolio Manager

25 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Co-Head of Taxable Fixed Income

22 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Co-Head of Taxable Fixed Income

32 Years of Industry Experience

Adam C. Castle
Adam C. Castle, CFA

Partner, Portfolio Manager

15 Years of Industry Experience

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

Partner & Portfolio Manager

22 Years of Industry Experience

Harris Trifon
Harris Trifon

Partner, Portfolio Manager

23 Years of Industry Experience

Supported By 76 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

Average Yield to Maturity as of 10/31/2023

6.98%

30-Day Standardized Yield 1 as of 10/31/2023  

  Subsidized2 Un-Subsidized3
w/o sales charge 5.87% 5.87%

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

Fund Expense Ratio :

Gross 0.69%

Net 0.68%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge 3.17% 2.59% -3.47% 1.14% - 1.71%
Lipper Category Avg. Core Plus Bond Funds - - - - - -
Bloomberg U.S. Aggregate Bond Index 1.64% 1.18% -4.47% 0.71% - 0.95%
w/ sales charge 0.88% 0.26% -4.19% 0.68% - 1.42%

Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.

Fund Expense Ratio :

Gross 0.69%

Net 0.68%

Fund Expense Ratio :

Gross 0.69%

Net 0.68%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge 0.11% 1.90% -3.88% 0.37% - 1.35%
Lipper Category Avg. Core Plus Bond Funds -0.77% 1.09% -4.76% 0.32% - -
Bloomberg U.S. Aggregate Bond Index -1.21% 0.64% -5.21% 0.10% - 0.61%
w/ sales charge -2.12% -0.38% -4.61% -0.09% - 1.06%

Fund Expense Ratio :

Gross 0.69%

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

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

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

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

Credit Quality Distribution as of 10/31/2023

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 3/31/2023

  • During the quarter we maintained the Strategy’s overall up-in-quality and up-in-liquidity positioning and remained down in cyclicality and complexity.

  •       Over the quarter, the portfolio predominantly benefitted from an overweight allocation as well as positive security selection within investment grade corporate bonds. Specifically, the Strategy’s conservative positioning, including an underweight to smaller regional banks and an overweight to insurance companies and large money centers drove positive performance relative to the benchmark. The portfolio’s bank holdings are generally issued by institutions with strong deposit franchises, robust credit cultures, and strong management teams. We continued to reduce lower quality corporate bonds and increase the investment grade corporate allocation over the period. We added to Healthcare and Financials at what we believe to be attractive levels following the banking turmoil.

    ·    An allocation to securitized credit – specifically CMBS, ABS, and CLO – had a positive impact on relative returns. High quality securitized credit outperformed both investment grade corporate bonds and government-related securities as the asset class provides superior risk-adjusted yields at the top of the credit stack.

    ·   Despite headline risk, the portfolio’s allocation to high-quality AAA-rated CMBS contributed as certain property types rebounded from challenged performance in the fourth quarter of last year, including hotel backed SASB deals and multi-family CRE CLO, both of which are overweight positions within the portfolio’s CMBS book. That said, we continued to reduce the portfolio’s exposure to CMBS over the quarter as we have been over the last few quarters. Sales were focused on hospitality and office backed SASB deals. We’ve maintained a very high bar to add with a preference for high quality, liquid names and the portfolio’s exposure remains low relative to this time last year.

    ·      Another contributor to performance was the portfolio’s allocation to short-term, AAA-rated ABS as the asset class outperformed the broader index and corporate credit. Within the sector, we have identified issues that demonstrate robust credit fundamentals, including well behaved delinquency/loss trends, consistent collateral quality, and strong stress tested structures. We are particularly constructive on auto-loans and have predominantly allocated to this subsector within the broader ABS allocation.

    ·     The portfolio’s modest allocation to CLO also contributed to relative returns given the attractive carry profile of the sector. While we’re comfortable with the credit profile of the portfolio’s CLO holdings, we decreased exposure over the quarter, as we monetized attractive valuations and continue to shift to a highly liquid portfolio profile and are very selective with respect to spread targets when adding.

    ·    Duration positioning was a meaningful detractor from performance over the quarter. Being underweight duration versus the benchmark detracted as the 5-year and 10-year U.S. Treasury rates rallied during the period. Our preference is to underweight the belly of the curve (5s and 10s) and overweight the wings (2s and 30s). 

    ·     We added TIPS to the portfolio over the quarter. This addition was made to express the team’s view that the market may be underestimating the potential for higher inflation for longer.

 

Portfolio Details as of 10/31/2023

Total Net Assets
$1.38 B
Average Effective Duration
5.46 Years
Average Life
6.79 Years
Average Maturity
6.79 Years
Average Modified Duration
6.24 Years
Number of Issues
595
Average Yield to Maturity
6.98%

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

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

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

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

Holding Coupon Maturity Assets
30-YR GNMA II-TBA PROD DEC 6.000% 08/01/2053 2.8%
United States Treasury Note/Bond 4.375% 08/15/2043 2.7%
30-YR GNMA II-TBA PROD DEC 5.500% 07/01/2053 2.4%
United States Treasury Note/Bond 5.000% 08/31/2025 2.1%
30-YR GNMA II-TBA PROD DEC 5.000% 08/01/2053 1.8%
United States Treasury Note/Bond 4.375% 08/15/2026 1.4%
15-YR UMBS-TBA PROD DEC 6.000% 05/01/2038 1.2%
30-YR UMBS-TBA PROD DEC 5.000% 06/01/2053 1.1%
30-YR GNMA II-TBA PROD DEC 3.000% 01/01/2052 1.0%
30-YR GNMA II-TBA PROD DEC 6.500% 10/01/2052 0.9%
% of Total Assets 17.4%
Holding Coupon Maturity Assets
30-YR GNMA II-TBA PROD DEC6.000% 08/01/20532.7%
United States Treasury Note/Bond4.375% 08/15/20432.6%
30-YR GNMA II-TBA PROD DEC5.500% 07/01/20532.4%
United States Treasury Note/Bond5.000% 08/31/20252.0%
30-YR GNMA II-TBA PROD DEC5.000% 08/01/20531.7%
BARCLAYS CAPITAL0.010% 11/01/20231.5%
United States Treasury Note/Bond4.375% 08/15/20261.4%
15-YR UMBS-TBA PROD DEC6.000% 05/01/20381.1%
30-YR UMBS-TBA PROD DEC5.000% 06/01/20531.1%
30-YR GNMA II-TBA PROD DEC3.000% 01/01/20520.9%
30-YR GNMA II-TBA PROD DEC6.500% 10/01/20520.9%
15-YR UMBS-TBA PROD DEC5.500% 05/01/20380.9%
Fannie Mae Pool3.500% 04/01/20520.8%
Avolon Holdings Funding Ltd4.250% 04/15/20260.8%
United States Treasury Note/Bond1.125% 08/15/20400.8%
30-YR UMBS-TBA PROD DEC6.500% 09/01/20530.7%
NatWest Group PLC4.269% 03/22/20250.7%
30-YR UMBS-TBA PROD DEC7.000% 07/01/20530.6%
Continental Resources Inc/OK5.750% 01/15/20310.6%
Morgan Stanley4.431% 01/23/20300.6%
15-YR UMBS-TBA PROD DEC5.000% 04/01/20380.6%
Citizens Auto Receivables Trust 2023-25.830% 02/15/20280.6%
T-Mobile USA Inc3.875% 04/15/20300.5%
Bank of America Corp3.458% 03/15/20250.5%
Danske Bank A/S6.259% 09/22/20260.5%
Danske Bank A/S5.375% 01/12/20240.5%
UBS Group AG1.494% 08/10/20270.5%
UBS Group AG5.711% 01/12/20270.5%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust1.750% 10/29/20240.5%
Centene Corp3.375% 02/15/20300.5%
Exeter Automobile Receivables Trust 2020-27.190% 09/15/20270.5%
EQT Corp7.000% 02/01/20300.5%
30-YR GNMA II-TBA PROD NOV5.500% 07/01/20530.4%
JPMorgan Chase & Co2.739% 10/15/20300.4%
JPMorgan Chase & Co2.963% 01/25/20330.4%
AT&T Inc4.300% 02/15/20300.4%
Fannie Mae Pool2.500% 11/01/20510.4%
SCF Equipment Leasing 2019-2 LLC3.110% 06/21/20270.4%
IPALCO Enterprises Inc4.250% 05/01/20300.4%
NatWest Group PLC5.808% 09/13/20290.4%
Avolon Holdings Funding Ltd5.250% 05/15/20240.4%
Jacobs Engineering Group Inc5.900% 03/01/20330.4%
30-YR GNMA II-TBA PROD NOV6.000% 08/01/20530.4%
30-YR UMBS-TBA PROD DEC4.000% 09/01/20520.4%
Bacardi Ltd / Bacardi-Martini BV5.400% 06/15/20330.4%
UBS Group AG6.442% 08/11/20280.4%
Rad CLO 6 Ltd7.057% 01/20/20330.4%
Citigroup Inc6.174% 05/25/20340.4%
Barclays PLC3.932% 05/07/20250.4%
United States Treasury Note/Bond4.125% 08/15/20530.4%
Constellation Energy Generation LLC5.800% 03/01/20330.4%
CVS Health Corp3.250% 08/15/20290.4%
Jackson National Life Global Funding5.500% 01/09/20260.4%
Nissan Motor Acceptance Co LLC1.125% 09/16/20240.4%
Capital One Multi-Asset Execution Trust6.205% 05/15/20280.4%
Danske Bank A/S3.773% 03/28/20250.4%
LPL Holdings Inc4.000% 03/15/20290.4%
Bank of America Corp2.087% 06/14/20290.4%
Celanese US Holdings LLC6.050% 03/15/20250.4%
Sprint Capital Corp8.750% 03/15/20320.4%
nVent Finance Sarl4.550% 04/15/20280.4%
Bank of America Corp3.970% 03/05/20290.4%
Electricite de France SA6.250% 05/23/20330.4%
Regal Rexnord Corp6.050% 02/15/20260.4%
HSBC Holdings PLC3.803% 03/11/20250.4%
Citigroup Inc3.352% 04/24/20250.4%
30-YR GNMA II-TBA PROD DEC4.500% 06/01/20530.4%
Humana Inc5.875% 03/01/20330.4%
HCA Inc5.500% 06/01/20330.4%
Warnermedia Holdings Inc3.788% 03/15/20250.4%
American Tower Corp2.950% 01/15/20250.4%
Avant Loans Funding Trust 2022-REV16.540% 09/15/20310.4%
GE HealthCare Technologies Inc5.650% 11/15/20270.4%
Bank of America Corp2.687% 04/22/20320.3%
Oracle Corp6.250% 11/09/20320.3%
Bayer US Finance II LLC4.250% 12/15/20250.3%
Intesa Sanpaolo SpA6.625% 06/20/20330.3%
Magnetite XXXIX Ltd7.540% 10/25/20330.3%
Wells Fargo & Co5.389% 04/24/20340.3%
State of Illinois5.100% 06/01/20330.3%
Southern Co/The2.700% 08/01/20240.3%
30-YR UMBS-TBA PROD DEC6.000% 07/01/20530.3%
Connecticut Avenue Securities Trust 2023-R047.621% 05/25/20430.3%
Arbor Realty Commercial Real Estate Notes 2022-FL2 Ltd7.185% 05/15/20370.3%
MSCI Inc3.625% 11/01/20310.3%
Arbor Realty Commercial Real Estate Notes 2022-FL1 Ltd6.770% 01/15/20370.3%
GA Global Funding Trust3.850% 04/11/20250.3%
Freddie Mac Pool2.500% 07/01/20510.3%
American Tower Corp3.800% 08/15/20290.3%
Affirm Asset Securitization Trust 2023-A6.610% 01/18/20280.3%
L3Harris Technologies Inc5.400% 07/31/20330.3%
JP Morgan Mortgage Trust 2021-42.500% 08/25/20510.3%
Carvana Auto Receivables Trust 2020-NP15.200% 07/15/20270.3%
International Flavors & Fragrances Inc1.230% 10/01/20250.3%
Affirm Asset Securitization Trust 2022-A4.300% 05/17/20270.3%
Freddie Mac Pool3.000% 01/01/20520.3%
BANK 2022-BNK445.745% 11/15/20550.3%
COMM 2014-UBS6 Mortgage Trust3.644% 12/10/20470.3%
Freddie Mac Pool3.000% 10/01/20500.3%
Japan Bank for International Cooperation4.625% 07/19/20280.3%
Avant Loans Funding Trust 2021-REV12.300% 07/15/20300.3%
Toronto-Dominion Bank/The4.456% 06/08/20320.3%
Palomino Funding Trust I7.233% 05/17/20280.3%
Aviation Capital Group LLC5.500% 12/15/20240.3%
Freddie Mac STACR REMIC Trust 2022-HQA37.621% 08/25/20420.3%
SEB Funding LLC4.969% 01/30/20520.3%
Goldman Sachs Group Inc/The3.272% 09/29/20250.3%
BNP Paribas SA2.219% 06/09/20260.3%
BAT Capital Corp6.343% 08/02/20300.3%
Citigroup Inc3.887% 01/10/20280.3%
National Grid PLC5.809% 06/12/20330.3%
Crown Castle Inc3.300% 07/01/20300.3%
CarMax Auto Owner Trust 2023-15.190% 01/16/20290.3%
Mexico Government International Bond4.875% 05/19/20330.3%
Octane Receivables Trust 2022-25.850% 07/20/20280.3%
Indianapolis Power & Light Co5.650% 12/01/20320.3%
Exeter Automobile Receivables Trust 2023-112.070% 09/16/20300.3%
Danske Bank A/S4.375% 06/12/20280.3%
Vistra Operations Co LLC5.125% 05/13/20250.3%
BMW Vehicle Lease Trust 2023-15.070% 06/25/20260.3%
Morgan Stanley4.000% 07/23/20250.3%
Booz Allen Hamilton Inc3.875% 09/01/20280.3%
Madison Park Funding XI Ltd6.574% 07/23/20290.3%
PDC Energy Inc5.750% 05/15/20260.3%
Bank of America Corp3.593% 07/21/20280.3%
Venture Global LNG Inc8.375% 06/01/20310.3%
Flagstar Mortgage Trust 2021-42.500% 06/01/20510.3%
Flagship Credit Auto Trust 2022-34.550% 04/15/20270.3%
Ford Credit Auto Owner Trust 2018-REV13.190% 07/15/20310.3%
Carmax Auto Owner Trust 2023-36.440% 12/16/20300.3%
THL Credit Wind River 2013-2 CLO Ltd6.657% 10/18/20300.3%
CarMax Auto Owner Trust 2023-16.270% 11/15/20290.3%
GM Financial Automobile Leasing Trust 2023-15.510% 01/20/20270.2%
Leidos Inc5.750% 03/15/20330.2%
GM Financial Automobile Leasing Trust 2023-25.540% 05/20/20270.2%
CenterPoint Energy Resources Corp1.750% 10/01/20300.2%
NiSource Inc2.950% 09/01/20290.2%
New York Life Global Funding4.550% 01/28/20330.2%
BAT Capital Corp3.222% 08/15/20240.2%
Trimble Inc6.100% 03/15/20330.2%
BMO 2023-5C2 Mortgage Trust0.000% 11/15/20560.2%
Ready Capital Mortgage Financing 2023-FL12 LLC7.659% 05/25/20380.2%
BHMS 2018-ATLS6.882% 07/15/20350.2%
NGPL PipeCo LLC4.875% 08/15/20270.2%
Charter Communications Operating LLC7.074% 04/30/20250.2%
Petroleos Mexicanos6.700% 02/16/20320.2%
United States Treasury Note/Bond2.250% 05/15/20410.2%
Benefit Street Partners CLO XVII Ltd6.735% 07/15/20320.2%
Bain Capital Credit CLO 2023-4 Ltd10.412% 10/21/20360.2%
UBS Group AG2.746% 02/11/20330.2%
Citizens Bank NA/Providence RI4.119% 05/23/20250.2%
Apache Corp4.250% 01/15/20300.2%
ME Funding LLC 2019-16.448% 07/30/20490.2%
JP Morgan Mortgage Trust 2022-33.000% 08/25/20520.2%
Voya Clo 2017-4 Ltd6.785% 10/15/20300.2%
Aviation Capital Group LLC6.375% 07/15/20300.2%
Flagship Credit Auto Trust 2023-210.890% 07/15/20300.2%
UBS AG5.125% 05/15/20240.2%
Fannie Mae Pool2.500% 09/01/20510.2%
Dryden 113 CLO Ltd7.666% 10/20/20350.2%
30-YR GNMA II-TBA PROD NOV5.000% 08/01/20530.2%
Minejesa Capital BV4.625% 08/10/20300.2%
Hilton Worldwide Finance LLC7.174% 06/22/20260.2%
Prosus NV3.257% 01/19/20270.2%
Comstock Resources Inc6.750% 03/01/20290.2%
Ballyrock CLO 23 Ltd7.358% 04/25/20360.2%
EquipmentShare.com Inc9.000% 05/15/20280.2%
Galaxy Pipeline Assets Bidco Ltd2.160% 03/31/20340.2%
Elmwood CLO 24 Ltd7.733% 12/11/20330.2%
Smyrna Ready Mix Concrete LLC6.000% 11/01/20280.2%
Workday Inc3.800% 04/01/20320.2%
Fortress Transportation and Infrastructure Investors LLC5.500% 05/01/20280.2%
Eco Material Technologies Inc7.875% 01/31/20270.2%
Citigroup Inc3.980% 03/20/20300.2%
Carnival Corp6.000% 05/01/20290.2%
Patterson-UTI Energy Inc5.150% 11/15/20290.2%
VICI Properties LP / VICI Note Co Inc5.625% 05/01/20240.2%
Civitas Resources Inc8.375% 07/01/20280.2%
Connecticut Avenue Securities Trust 2023-R027.621% 01/25/20430.2%
Viterra Finance BV4.900% 04/21/20270.2%
PBF Holding Co LLC / PBF Finance Corp6.000% 02/15/20280.2%
Crescent Energy Finance LLC9.250% 02/15/20280.2%
Cloud Software Group Inc6.500% 03/31/20290.2%
NRG Energy Inc4.450% 06/15/20290.2%
Fannie Mae Pool5.000% 10/01/20520.2%
Valley Stream Park CLO LTD7.666% 10/20/20340.2%
Allied Universal Holdco LLC/Allied Universal Finance Corp/Atlas Luxco 4 Sarl4.625% 06/01/20280.2%
EIG Pearl Holdings Sarl3.545% 08/31/20360.2%
EQM Midstream Partners LP7.500% 06/01/20300.2%
Ovintiv Inc6.500% 02/01/20380.2%
American Tower Corp5.550% 07/15/20330.2%
Vermilion Energy Inc6.875% 05/01/20300.2%
Baytex Energy Corp8.750% 04/01/20270.2%
Flagship Credit Auto Trust 2023-15.010% 08/16/20270.2%
Oracle Corp2.875% 03/25/20310.2%
Cigna Group/The2.400% 03/15/20300.2%
EFMT 2023-15.732% 02/25/20680.2%
Cellnex Finance Co SA3.875% 07/07/20410.2%
MF1 2022-FL9 LLC7.484% 06/19/20370.2%
Connecticut Avenue Securities Trust 2023-R037.821% 04/25/20430.2%
National Fuel Gas Co3.950% 09/15/20270.2%
Morgan Stanley2.239% 07/21/20320.2%
FactSet Research Systems Inc3.450% 03/01/20320.2%
JP Morgan Mortgage Trust 2021-102.500% 12/25/20510.2%
Apidos CLO XXIV6.627% 10/20/20300.2%
NatWest Group PLC7.472% 11/10/20260.2%
Freddie Mac STACR REMIC Trust 2022-HQA18.821% 03/25/20420.2%
Bank of New York Mellon Corp/The4.967% 04/26/20340.2%
Galaxy Xxviii Clo Ltd6.955% 07/15/20310.2%
Lending Funding Trust 2020-22.320% 04/21/20310.2%
Aircastle Ltd2.850% 01/26/20280.2%
Talen Energy Supply LLC8.625% 06/01/20300.2%
30-YR GNMA II-TBA PROD NOV6.500% 10/01/20520.2%
Wells Fargo & Co2.393% 06/02/20280.2%
Bahrain Government International Bond6.750% 09/20/20290.2%
Frontier Communications Holdings LLC5.000% 05/01/20280.2%
Constellation Brands Inc3.150% 08/01/20290.2%
Santander Consumer Auto Receivables Trust 2020-B7.030% 08/15/20280.2%
First-Citizens Bank & Trust Co2.969% 09/27/20250.2%
Occidental Petroleum Corp6.625% 09/01/20300.2%
Costa Rica Government International Bond6.550% 04/03/20340.2%
Freddie Mac Structured Agency Credit Risk Debt Notes8.571% 04/25/20430.2%
GS Mortgage Securities Corp Trust 2023-FUN7.426% 03/15/20280.2%
Bombardier Inc6.000% 02/15/20280.2%
Connecticut Avenue Securities Trust 2023-R017.721% 12/25/20420.2%
East Ohio Gas Co/The1.300% 06/15/20250.2%
Entergy Corp0.900% 09/15/20250.2%
J.P. Morgan Mortgage Trust 2023-86.000% 02/25/20540.2%
CVS Health Corp5.050% 03/25/20480.2%
Adani Ports & Special Economic Zone Ltd4.000% 07/30/20270.2%
Connecticut Avenue Securities Trust 2022-R087.871% 07/25/20420.2%
Sprint Capital Corp6.875% 11/15/20280.2%
Affirm Asset Securitization Trust 2023-B6.820% 09/15/20280.2%
Constellation Energy Generation LLC6.250% 10/01/20390.2%
Rain Carbon Inc12.250% 09/01/20290.2%
BX Commercial Mortgage Trust 2021-XL26.137% 10/15/20380.2%
Freddie Mac Multifamily Structured Pass Through Certificates3.123% 08/25/20320.2%
Centene Corp2.450% 07/15/20280.2%
Freddie Mac Multifamily Structured Pass Through Certificates2.580% 05/25/20320.2%
SunCoke Energy Inc4.875% 06/30/20290.2%
Howard Hughes Corp/The5.375% 08/01/20280.2%
BMO 2023-C5 Mortgage Trust5.494% 06/15/20560.2%
Crown Castle Inc2.100% 04/01/20310.2%
Wells Fargo & Co2.188% 04/30/20260.2%
Benteler International AG10.500% 05/15/20280.2%
Gap Inc/The3.875% 10/01/20310.2%
Delek Logistics Partners LP / Delek Logistics Finance Corp7.125% 06/01/20280.2%
BX Commercial Mortgage Trust 2021-ACNT6.299% 11/15/20380.2%
Wells Fargo & Co5.574% 07/25/20290.2%
Seagate HDD Cayman8.500% 07/15/20310.2%
Vistra Operations Co LLC7.750% 10/15/20310.2%
Veralto Corp5.450% 09/18/20330.2%
Macy's Retail Holdings LLC5.875% 04/01/20290.2%
OneMain Finance Corp6.625% 01/15/20280.2%
Standard Industries Inc/NJ4.375% 07/15/20300.2%
Weekley Homes LLC / Weekley Finance Corp4.875% 09/15/20280.2%
Hilcorp Energy I LP / Hilcorp Finance Co5.750% 02/01/20290.2%
Navient Corp5.500% 03/15/20290.2%
Goodyear Tire & Rubber Co/The5.000% 07/15/20290.2%
CCO Holdings LLC / CCO Holdings Capital Corp4.750% 03/01/20300.2%
Calderys Financing LLC11.250% 06/01/20280.2%
Tenneco Inc8.000% 11/17/20280.2%
MTN Commercial Mortgage Trust 2022-LPFL6.731% 03/15/20390.2%
Philip Morris International Inc5.625% 11/17/20290.2%
NOV Inc3.600% 12/01/20290.2%
Antero Resources Corp5.375% 03/01/20300.2%
Glencore Funding LLC4.875% 03/12/20290.2%
Gen Digital Inc7.125% 09/30/20300.2%
Service Properties Trust7.500% 09/15/20250.2%
Vital Energy Inc9.750% 10/15/20300.2%
ACRES Commercial Realty 2021-FL2 Ltd6.849% 01/15/20370.2%
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara3.000% 06/30/20300.2%
Transocean Inc8.000% 02/01/20270.2%
Angel Oak Mortgage Trust 2023-34.800% 09/26/20670.2%
LABL Inc9.500% 11/01/20280.2%
Republic of South Africa Government International Bond5.875% 04/20/20320.2%
COMM 2014-CCRE17 Mortgage Trust4.174% 05/10/20470.2%
ENN Clean Energy International Investment Ltd3.375% 05/12/20260.2%
LSB Industries Inc6.250% 10/15/20280.2%
J.P. Morgan Mortgage Trust 2022-43.000% 10/25/20520.2%
SCF Equipment Leasing 2021-1 LLC3.560% 08/20/20320.2%
Apidos CLO XII7.055% 04/15/20310.2%
Central American Bottling Corp / CBC Bottling Holdco SL / Beliv Holdco SL5.250% 04/27/20290.2%
Freddie Mac Pool5.000% 08/01/20520.1%
McAfee Corp7.375% 02/15/20300.1%
Charter Communications Operating LLC7.074% 02/01/20270.1%
Neuberger Berman Group LLC / Neuberger Berman Finance Corp4.500% 03/15/20270.1%
Evergreen Acqco 1 LP / TVI Inc9.750% 04/26/20280.1%
Broadcom Inc4.150% 04/15/20320.1%
Chase Home Lending Mortgage Trust 2023-16.000% 06/25/20540.1%
Calpine Corp5.125% 03/15/20280.1%
Jones Deslauriers Insurance Management Inc8.500% 03/15/20300.1%
State Street Corp4.164% 08/04/20330.1%
Medco Maple Tree Pte Ltd8.960% 04/27/20290.1%
Senegal Government International Bond6.250% 05/23/20330.1%
Columbia Pipeline Group Inc4.500% 06/01/20250.1%
Connecticut Avenue Securities Trust 2022-R068.071% 05/25/20420.1%
JSW Infrastructure Ltd4.950% 01/21/20290.1%
Signal Peak CLO 8 Ltd6.947% 04/20/20330.1%
Ares XLII Clo Ltd7.174% 01/22/20280.1%
Exeter Automobile Receivables Trust 2022-34.860% 12/15/20260.1%
M&T Bank Corp5.053% 01/27/20340.1%
BlueMountain CLO XXXI Ltd6.808% 04/19/20340.1%
Macquarie Group Ltd4.654% 03/27/20290.1%
Connecticut Avenue Securities Trust 2023-R048.871% 05/25/20430.1%
FMG Resources August 2006 Pty Ltd4.375% 04/01/20310.1%
HEICO Corp5.350% 08/01/20330.1%
Hecla Mining Co7.250% 02/15/20280.1%
30-YR GNMA II-TBA PROD NOV4.500% 06/01/20530.1%
Voya CLO 2018-1 Ltd6.958% 04/19/20310.1%
Wells Fargo & Co3.350% 03/02/20330.1%
Deephaven Residential Mortgage Trust 2021-31.194% 08/25/20660.1%
Panama Government International Bond2.252% 09/29/20320.1%
Sabine Pass Liquefaction LLC5.625% 03/01/20250.1%
Freddie Mac Pool4.500% 08/01/20520.1%
Wells Fargo & Co2.164% 02/11/20260.1%
Carlyle Global Market Strategies CLO 2014-3-R Ltd6.699% 07/27/20310.1%
US 5YR NOTE (CBT) Dec230.000% 01/04/20240.1%
Oklahoma Gas and Electric Co5.400% 01/15/20330.1%
Oglethorpe Power Corp5.950% 11/01/20390.1%
COMM 2015-LC21 Mortgage Trust4.043% 07/10/20480.1%
Fannie Mae Pool5.000% 08/01/20520.1%
Citigroup Mortgage Loan Trust 2022-INV13.000% 11/27/20510.1%
Royal Caribbean Cruises Ltd5.375% 07/15/20270.1%
MF1 2022-FL8 Ltd6.684% 02/19/20370.1%
Fannie Mae Pool2.500% 06/01/20510.1%
Southwest Gas Corp4.050% 03/15/20320.1%
Goldman Sachs Group Inc/The2.383% 07/21/20320.1%
American Express Co6.489% 10/30/20310.1%
Ford Credit Auto Lease Trust 2023-A5.290% 06/15/20260.1%
Freddie Mac STACR REMIC Trust 2022-DNA27.721% 02/25/20420.1%
Avolon Holdings Funding Ltd2.125% 02/21/20260.1%
OCP SA3.750% 06/23/20310.1%
Macquarie Bank Ltd3.624% 06/03/20300.1%
Empresa Generadora de Electricidad Haina SA5.625% 11/08/20280.1%
Tenet Healthcare Corp6.125% 10/01/20280.1%
J.P. Morgan Mortgage Trust 2022-43.000% 10/25/20520.1%
Precision Drilling Corp6.875% 01/15/20290.1%
Metropolitan Life Global Funding I5.150% 03/28/20330.1%
Connecticut Avenue Securities Trust 2022-R057.221% 04/25/20420.1%
CHS/Community Health Systems Inc5.625% 03/15/20270.1%
Fannie Mae Pool2.500% 12/01/20510.1%
Fannie Mae Pool4.000% 06/01/20520.1%
Carlyle Global Market Strategies CLO 2012-3 Ltd6.835% 01/14/20320.1%
Texas Natural Gas Securitization Finance Corp5.102% 04/01/20350.1%
Post Road Equipment Finance 2022-14.880% 11/15/20280.1%
Fannie Mae Pool2.500% 01/01/20510.1%
Citigroup Inc2.666% 01/29/20310.1%
Aethon United BR LP / Aethon United Finance Corp8.250% 02/15/20260.1%
7-Eleven Inc0.800% 02/10/20240.1%
CIFC Funding 2021-I Ltd7.190% 04/25/20330.1%
Gray Escrow II Inc5.375% 11/15/20310.1%
Verus Securitization Trust 2021-51.013% 09/25/20660.1%
Earthstone Energy Holdings LLC8.000% 04/15/20270.1%
VistaJet Malta Finance PLC / Vista Management Holding Inc7.875% 05/01/20270.1%
Bayer Corp/NJ6.650% 02/15/20280.1%
Freddie Mac STACR REMIC Trust 2022-HQA17.421% 03/25/20420.1%
US Bancorp4.967% 07/22/20330.1%
Duke Energy Indiana LLC5.400% 04/01/20530.1%
Honeywell International Inc4.125% 11/02/20340.1%
WE Soda Investments Holding PLC9.500% 10/06/20280.1%
Fannie Mae Pool3.500% 04/01/20520.1%
US 10yr Ultra Fut Dec230.000% 12/29/20230.1%
Viasat Inc5.625% 09/15/20250.1%
LoanCore 2022-CRE7 Issuer Ltd6.871% 01/17/20370.1%
CITGO Petroleum Corp8.375% 01/15/20290.1%
Jacobs Entertainment Inc6.750% 02/15/20290.1%
Bank of New York Mellon Corp/The4.596% 07/26/20300.1%
GS Mortgage-Backed Securities Trust 2021-PJ22.500% 07/25/20510.1%
SM Energy Co6.750% 09/15/20260.1%
USA Compression Partners LP / USA Compression Finance Corp6.875% 09/01/20270.1%
NRG Energy Inc3.375% 02/15/20290.1%
Maxim Crane Works Holdings Capital LLC11.500% 09/01/20280.1%
Berry Petroleum Co LLC7.000% 02/15/20260.1%
Enerflex Ltd9.000% 10/15/20270.1%
Enviri Corp5.750% 07/31/20270.1%
Hughes Satellite Systems Corp6.625% 08/01/20260.1%
Lendmark Funding Trust 2022-15.120% 07/20/20320.1%
Directv Financing LLC / Directv Financing Co-Obligor Inc5.875% 08/15/20270.1%
DISH Network Corp11.750% 11/15/20270.1%
Turkiye Ihracat Kredi Bankasi AS9.000% 01/28/20270.1%
Borr IHC Ltd / Borr Finance LLC10.000% 11/15/20280.1%
Pfizer Investment Enterprises Pte Ltd4.750% 05/19/20330.1%
Royal Caribbean Cruises Ltd7.250% 01/15/20300.1%
AEP Texas Inc5.400% 06/01/20330.1%
Rand Parent LLC8.500% 02/15/20300.1%
Nexstar Media Inc4.750% 11/01/20280.1%
Triumph Group Inc7.750% 08/15/20250.1%
Ascent Resources Utica Holdings LLC / ARU Finance Corp8.250% 12/31/20280.1%
Mitsubishi UFJ Financial Group Inc5.541% 04/17/20260.1%
NBM US Holdings Inc7.000% 05/14/20260.1%
Royal Bank of Canada6.000% 11/01/20270.1%
Sunoco LP / Sunoco Finance Corp7.000% 09/15/20280.1%
GS Mortgage-Backed Securities Trust 2023-PJ13.500% 02/25/20530.1%
Olympus Water US Holding Corp9.750% 11/15/20280.1%
J.P. Morgan Mortgage Trust 2021-INV83.000% 05/25/20520.1%
Yapi ve Kredi Bankasi AS9.250% 10/16/20280.1%
Diamond Foreign Asset Co / Diamond Finance LLC8.500% 10/01/20300.1%
SMRT 2022-MINI6.335% 01/15/20390.1%
Cushman & Wakefield US Borrower LLC6.750% 05/15/20280.1%
CNX Resources Corp6.000% 01/15/20290.1%
Ardagh Packaging Finance PLC / Ardagh Holdings USA Inc4.125% 08/15/20260.1%
SCF Equipment Leasing 2019-2 LLC2.760% 08/20/20260.1%
Fannie Mae Pool2.500% 12/01/20510.1%
United States Steel Corp6.875% 03/01/20290.1%
Heartland Dental LLC / Heartland Dental Finance Corp10.500% 04/30/20280.1%
OneMain Direct Auto Receivables Trust 2019-14.190% 11/14/20280.1%
Prestige Auto Receivables Trust 2021-13.470% 03/15/20290.1%
BlueMountain CLO 2013-2 Ltd6.854% 10/22/20300.1%
Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer6.750% 10/15/20270.1%
Ecopetrol SA8.625% 01/19/20290.1%
LifePoint Health Inc9.875% 08/15/20300.1%
Valaris Ltd8.375% 04/30/20300.1%
Northwest Fiber LLC / Northwest Fiber Finance Sub Inc4.750% 04/30/20270.1%
CVR Partners LP / CVR Nitrogen Finance Corp6.125% 06/15/20280.1%
Discover Bank5.974% 08/09/20280.1%
Emerald Debt Merger Sub LLC6.625% 12/15/20300.1%
Mauser Packaging Solutions Holding Co9.250% 04/15/20270.1%
Freddie Mac Pool5.000% 08/01/20520.1%
Cheniere Energy Partners LP3.250% 01/31/20320.1%
BNP Paribas SA4.375% 03/01/20330.1%
CVS Health Corp1.750% 08/21/20300.1%
DaVita Inc4.625% 06/01/20300.1%
Bain Capital Credit CLO 2018-26.738% 07/19/20310.1%
Altice France SA/France8.125% 02/01/20270.1%
Lindblad Expeditions Holdings Inc9.000% 05/15/20280.1%
CPS Auto Receivables Trust 2020-B7.380% 06/15/20270.1%
AthenaHealth Group Inc6.500% 02/15/20300.1%
Fannie Mae Pool2.000% 09/01/20510.1%
National Fuel Gas Co5.500% 01/15/20260.1%
Garda World Security Corp7.750% 02/15/20280.1%
Gulfport Energy Corp8.000% 05/17/20260.1%
Mauser Packaging Solutions Holding Co7.875% 08/15/20260.1%
Madison IAQ LLC5.875% 06/30/20290.1%
Dornoch Debt Merger Sub Inc6.625% 10/15/20290.1%
Callon Petroleum Co8.000% 08/01/20280.1%
Triumph Group Inc9.000% 03/15/20280.1%
Caesars Entertainment Inc4.625% 10/15/20290.1%
Cinemark USA Inc5.875% 03/15/20260.1%
TransDigm Inc4.625% 01/15/20290.1%
Freddie Mac STACR REMIC Trust 2021-HQA36.171% 09/25/20410.1%
F&G Global Funding5.150% 07/07/20250.1%
ROBLOX Corp3.875% 05/01/20300.1%
Lumen Technologies Inc4.000% 02/15/20270.1%
Morgan Stanley4.210% 04/20/20280.1%
Stars Group Holdings BV7.902% 07/21/20260.1%
NCL Corp Ltd5.875% 02/15/20270.1%
TICP CLO IX Ltd6.817% 01/20/20310.1%
US Bancorp4.839% 02/01/20340.1%
Connecticut Avenue Securities Trust 2019-R059.535% 07/25/20390.1%
Occidental Petroleum Corp6.450% 09/15/20360.1%
Indiana Michigan Power Co5.625% 04/01/20530.1%
American Airlines Inc7.250% 02/15/20280.1%
Ready Capital Mortgage Financing 2022-FL8 LLC6.971% 01/25/20370.1%
Rockcliff Energy II LLC5.500% 10/15/20290.1%
Novelis Corp3.875% 08/15/20310.1%
Kinder Morgan Energy Partners LP4.250% 09/01/20240.1%
Santander Drive Auto Receivables Trust 2023-15.090% 05/15/20300.1%
Spirit AeroSystems Inc9.375% 11/30/20290.1%
BellRing Brands Inc7.000% 03/15/20300.1%
Owens-Brockway Glass Container Inc6.625% 05/13/20270.1%
Eskom Holdings SOC Ltd7.125% 02/11/20250.1%
Vistra Operations Co LLC7.189% 12/31/20250.1%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust4.875% 01/16/20240.1%
BankUnited Inc5.125% 06/11/20300.1%
Post Holdings Inc4.625% 04/15/20300.1%
Verus Securitization Trust 2020-41.502% 05/25/20650.1%
Fannie Mae Pool2.500% 05/01/20520.1%
Magnetite VII Ltd6.455% 01/15/20280.1%
OneMain Direct Auto Receivables Trust 2019-13.630% 09/14/20270.1%
Capital One Prime Auto Receivables Trust 2022-12.710% 06/16/20250.1%
Ford Credit Auto Lease Trust 2023-A5.540% 12/15/20260.1%
Rockford Tower CLO 2018-1 Ltd6.741% 05/20/20310.1%
Verus Securitization Trust 2021-81.824% 11/25/20660.1%
Viterra Finance BV3.200% 04/21/20310.1%
Freddie Mac Pool5.000% 07/01/20520.1%
Amur Equipment Finance Receivables IX LLC2.300% 11/22/20270.1%
Asbury Automotive Group Inc5.000% 02/15/20320.1%
Freddie Mac Pool2.500% 11/01/20500.1%
Fluor Corp4.250% 09/15/20280.1%
Westlake Automobile Receivables Trust 2023-15.740% 08/15/20280.1%
Octane Receivables Trust 2022-25.110% 02/22/20280.1%
Centene Corp4.250% 12/15/20270.1%
Fannie Mae Pool2.500% 12/01/20510.1%
Avid Automobile Receivables Trust 2021-13.390% 04/17/20280.1%
Mileage Plus Holdings LLC10.798% 06/21/20270.1%
Penn Entertainment Inc4.125% 07/01/20290.1%
Fannie Mae Pool3.500% 07/01/20450.1%
Fannie Mae Pool3.000% 12/01/20480.1%
Morgan Stanley2.484% 09/16/20360.1%
BRAVO Residential Funding Trust 2021-NQM20.970% 03/25/20600.1%
Romark CLO Ltd7.324% 10/23/20300.1%
Donlen Fleet Lease Funding 2 LLC0.560% 12/11/20340.1%
T-Mobile USA Inc3.500% 04/15/20250.1%
Flagship Credit Auto Trust 2019-33.840% 12/15/20260.1%
Avant Loans Funding Trust 2021-REV14.300% 07/15/20300.1%
Macquarie Group Ltd2.691% 06/23/20320.1%
Freddie Mac Pool3.500% 02/01/20460.1%
Ausgrid Finance Pty Ltd4.350% 08/01/20280.1%
180 Medical Inc3.875% 10/15/20290.1%
ABN AMRO Bank NV3.324% 03/13/20370.1%
Marlette Funding Trust 2021-31.300% 12/15/20310.1%
Santander Consumer Auto Receivables Trust 2021-A5.790% 08/15/20280.1%
Hawaiian Brand Intellectual Property Ltd / HawaiianMiles Loyalty Ltd5.750% 01/20/20260.1%
Cedar Funding V CLO Ltd6.764% 07/17/20310.1%
Fannie Mae Pool4.000% 05/01/20520.1%
Fannie Mae Pool5.000% 07/01/20520.0%
Azul Secured Finance LLP11.930% 08/28/20280.0%
EPR Properties4.950% 04/15/20280.0%
Aqua Finance Trust 2021-A1.540% 07/17/20460.0%
British Airways 2020-1 Class A Pass Through Trust4.250% 05/15/20340.0%
Fannie Mae Pool2.500% 09/01/20510.0%
Freddie Mac STACR REMIC Trust 2021-HQA46.271% 12/25/20410.0%
Fannie Mae Pool5.000% 07/01/20520.0%
Fannie Mae Pool2.500% 08/01/20510.0%
COMM 2015-DC1 Mortgage Trust4.299% 02/10/20480.0%
Metropolitan Life Global Funding I4.050% 08/25/20250.0%
COMM 2014-UBS4 Mortgage Trust4.711% 08/10/20470.0%
Fannie Mae Pool4.000% 05/01/20520.0%
Fairstone Financial Issuance Trust I6.873% 10/20/20390.0%
Great Wolf Trust 2019-WOLF6.483% 12/15/20360.0%
Sunrun Demeter Issuer 2021-2 LLC2.270% 01/30/20570.0%
Fannie Mae Pool3.000% 01/01/20510.0%
Barings CLO Ltd 2019-III6.747% 04/20/20310.0%
Tricolor Auto Securitization Trust 2021-13.230% 09/15/20260.0%
Bank of America Corp3.384% 04/02/20260.0%
NGPL PipeCo LLC3.250% 07/15/20310.0%
Molina Healthcare Inc3.875% 11/15/20300.0%
Mariner Finance Issuance Trust 2021-A5.400% 03/20/20360.0%
Protective Life Corp8.450% 10/15/20390.0%
Perimeter Master Note Business Trust4.170% 12/15/20260.0%
Marble Point CLO XVII Ltd6.977% 04/20/20330.0%
CIFC Funding 2014-V Ltd6.864% 10/17/20310.0%
Citigroup Inc4.140% 05/24/20250.0%
TRTX 2019-FL3 Issuer Ltd7.549% 10/15/20340.0%
Park Aerospace Holdings Ltd5.500% 02/15/20240.0%
Assurant Inc2.650% 01/15/20320.0%
Lamb Weston Holdings Inc4.125% 01/31/20300.0%
Hilton Domestic Operating Co Inc4.875% 01/15/20300.0%
Jamestown CLO VI-R Ltd6.790% 04/25/20300.0%
LPL Holdings Inc7.165% 11/12/20260.0%
Mariner Finance Issuance Trust 2021-B4.680% 11/20/20360.0%
Baxalta Inc4.000% 06/23/20250.0%
Upstart Securitization Trust 2021-21.750% 06/20/20310.0%
Assurant Inc3.700% 02/22/20300.0%
Fannie Mae Pool2.000% 11/01/20510.0%
Fannie Mae Pool3.500% 09/01/20510.0%
Mountain View CLO 2017-1 LLC7.405% 10/16/20290.0%
BBCMS 2019-BWAY Mortgage Trust6.405% 11/15/20340.0%
Northriver Midstream Finance LP5.625% 02/15/20260.0%
OneMain Financial Issuance Trust 2020-23.450% 09/14/20350.0%
Generate CLO 2 Ltd6.824% 01/22/20310.0%
Neuberger Berman Group LLC / Neuberger Berman Finance Corp4.875% 04/15/20450.0%
CSMC 2020-NQM1 Trust1.208% 05/25/20650.0%
CF Trust 2019-BOSS8.632% 12/15/20240.0%
Verus Securitization Trust 2020-51.218% 05/25/20650.0%
Vital Energy Inc9.500% 01/15/20250.0%
JP Morgan Chase Commercial Mortgage Securities Trust 2020-MKST7.949% 12/15/20360.0%
Citigroup Commercial Mortgage Trust 2016-GC362.850% 02/10/20490.0%
GM Financial Automobile Leasing Trust 2022-22.930% 10/21/20240.0%
BBCMS 2019-BWAY Mortgage Trust7.059% 11/15/20340.0%
Western Alliance Bancorp3.000% 06/15/20310.0%
Elevance Health Inc2.250% 05/15/20300.0%
JPMorgan Chase & Co2.580% 04/22/20320.0%
30-YR UMBS-TBA PROD DEC5.500% 06/01/20530.0%
Aviation Capital Group LLC1.950% 01/30/20260.0%
Vista Point Securitization Trust 2020-21.475% 04/25/20650.0%
Citigroup Commercial Mortgage Trust 2016-GC363.849% 02/10/20490.0%
CSMC 2020-AFC1 Trust2.240% 02/25/20500.0%
CPS Auto Receivables Trust 2020-B4.750% 04/15/20260.0%
Rain CII Carbon LLC / CII Carbon Corp7.250% 04/01/20250.0%
BBCMS 2019-BWAY Mortgage Trust6.759% 11/15/20340.0%
OneMain Financial Issuance Trust 2018-23.570% 03/14/20330.0%
COMM 2014-UBS6 Mortgage Trust4.349% 12/10/20470.0%
BBCMS 2018-TALL Mortgage Trust7.969% 03/15/20370.0%
Verus Securitization Trust 2020-12.417% 01/25/20600.0%
Ellington Financial Mortgage Trust 2020-21.178% 10/25/20650.0%
FX USD/CAD 11/230.000% 11/20/20230.0%
FX USD/EUR 12/230.000% 12/13/20230.0%
American Transmission Systems Inc2.650% 01/15/20320.0%
Angel Oak Mortgage Trust 2020-12.466% 12/25/20590.0%
SG Commercial Mortgage Securities Trust 2019-787E0.305% 02/15/20410.0%
Avid Automobile Receivables Trust 2019-13.140% 07/15/20260.0%
Residential Mortgage Loan Trust 2020-12.376% 01/26/20600.0%
Orange Lake Timeshare Trust 2019-A3.060% 04/09/20380.0%
J.P. Morgan Chase Commercial Mortgage SecuritiesTrust 2018-MINN6.652% 11/15/20350.0%
J.P. Morgan Chase Commercial Mortgage SecuritiesTrust 2018-MINN6.982% 11/15/20350.0%
Credit Suisse Mortgage Capital Certificates1.616% 04/25/20650.0%
Starwood Mortgage Residential Trust 2020-12.275% 02/25/20500.0%
Government National Mortgage Association2.650% 11/16/20500.0%
JP Morgan Chase Commercial Mortgage Securities Trust 2014-DSTY3.805% 06/10/20270.0%
EURO-BUND FUTURE Dec230.000% 12/11/20230.0%
US 2YR NOTE (CBT) Dec230.000% 01/04/20240.0%
US 10YR NOTE (CBT)Dec230.000% 12/29/2023-0.1%
US ULTRA BOND CBT Dec230.000% 12/29/2023-0.7%

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 12/01/2023
$0.58794
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 11/30/2023 $0.05682 $12.56
Daily Daily 10/31/2023 $0.05671 $12.06
Daily Daily 09/30/2023 $0.05496 $12.30
Daily Daily 08/31/2023 $0.05456 $12.65
Daily Daily 07/31/2023 $0.05495 $12.76
Daily Daily 06/30/2023 $0.05409 $12.77
Daily Daily 05/31/2023 $0.05348 $12.81
Daily Daily 04/30/2023 $0.05257 $13.02
Daily Daily 03/31/2023 $0.05360 $13.00
Daily Daily 02/28/2023 $0.04830 $12.77
Daily Daily 01/31/2023 $0.04791 $13.12

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 12/31/2023

Yield

Yield

Dividend Yield as of 12/01/2023  

  Subsidized Un-Subsidized
w/o sales charge 5.39% 5.38%
w/ sales charge 5.27% 5.26%

30-Day Standardized Yield as of 10/31/2023  

  Subsidized Un-Subsidized
w/o sales charge 5.87% 5.87%

Fees & Expenses

Fees & Expenses

Sales Charge Schedule as of 12/01/2023

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $100,000 2.25% 2.00% $12.93
$100,000 to $249,999 1.75% 1.50% $12.87
$250,000 to $499,999 1.25% 1.00% $12.80
Greater than $500,000 0.00% 1.00% $12.64

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

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

For Sales Charge Reductions and Waivers View Full Disclosure

SALES CHARGE REDUCTIONS AND WAIVERS

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

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

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

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

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

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

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

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

 

Expense Ratioas of 10/31/2023

Fund Gross Expense Ratio Fund Net Expense Ratio
0.69% 0.68%

Expense ratio details, Click here.

Fund Documents

Fund Documents

0Documents selected
Portfolio Holdings 1Q
Publish Date:11/03/2015
Portfolio Holdings 3Q
Publish Date:11/03/2015
Summary Prospectus
Publish Date:11/03/2015
Statutory Prospectus
Publish Date:11/03/2015
SAI
Publish Date:11/03/2015
Annual Report
Publish Date:11/03/2015
Semi-Annual Report
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015
Commentary
Publish Date:11/03/2015

To order literature visit full website

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

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

 
 Quantity
Quantity
 Remove
Remove
+

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

                    

1

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

 

2

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

 

3

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

 

IMPORTANT INFORMATION

 

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

 

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

 

 

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

 

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

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

Class A Shares purchased subject to a front-end sales charge have no contingent deferred sales charge (CDSC). However, effective 12/1/2021, certain purchases of Class A shares made without a front-end sales charge may be subject to a CDSC of 1% if the shares are redeemed before the first day of the month of the 18-month anniversary of the purchase. Fund shares purchased without a sales charge prior to 12/1/2021 may be assessed a CDSC of 1% if they are redeemed before the first day of the month in which the one-year anniversary of the purchase falls. The CDSC is not reflected in the performance with maximum sales charge.

With Sales Charge - Returns with sales charges reflect applicable fees and expenses and include all distributions reinvested.

 

Without Sales Charge - Returns shown are without sales charges and have all distributions reinvested. If a sales charge had been deducted, the results would have been lower.

 

Returns shown at less than a year reflect aggregate total returns.

 

Double-Digit Returns - instances of high double-digit returns were achieved primarily during favorable market conditions and may not be sustainable over time.   

 

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

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

 

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

 

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

 

 

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

 

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

 

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

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

Select funds to run a Morningstar Hypothetical Report.

    Please confirm your literature shipping address

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

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

    Current Literature Shipping Address

    * Required field