LAPLX | Core Plus Bond Fund Class A | Lord Abbett

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Core Plus Bond Fund

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Daily price w/o sales charge as of 06/18/2025

$12.75

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YTD Returns w/o sales charge as of 06/18/2025

2.67%

Overall Morningstar Ratings

Intermediate Core-Plus Bond
as of 05/31/2025

Morningstar rated the Lord Abbett Core Plus Bond Fund class A share 4 and 4 stars among 540 and 476 Intermediate Core-Plus Bond Funds for the overall rating and the 3 and 5 year periods ended 5/31/2025, respectively.

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 05/30/2025

5.44%

Distribution Yield as of 06/18/2025  

5.13%

30-Day Standardized Yield 1 as of 05/31/2025  

4.95%

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.

Distribution Yield is the calculation of cash flow for an investment vehicle, to calculate the distribution yield, the most recent distribution is multiplied by 12 to get an annualized total, which is then divided by the NAV.

Fund Basicsas of 05/30/2025

Total Net Assets
$3.85 B
Inception Date
12/08/2015
Dividend Frequency
Monthly
Fund Gross Expense Ratio
0.63%
Fund Net Expense Ratio
0.63%
Number of Holdings
688
Minimum Initial Investment
$1,500+

Fund Expense Ratio :

Gross 0.63%

Net 0.63%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge 2.09% 5.88% 2.43% 0.82% - 2.41%
Lipper Category Avg. Core Plus Bond Funds 2.43% 5.58% 1.81% -0.03% - -
Bloomberg U.S. Aggregate Bond Index 2.45% 5.46% 1.49% -0.90% - 1.59%
w/ sales charge -0.18% 3.51% 1.65% 0.36% - 2.17%

Fund Expense Ratio :

Gross 0.63%

Net 0.63%

Fund Expense Ratio :

Gross 0.63%

Net 0.63%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge 2.57% 5.84% 1.27% 1.74% - 2.50%
Lipper Category Avg. Core Plus Bond Funds 2.70% 5.16% 0.66% 0.86% - -
Bloomberg U.S. Aggregate Bond Index 2.78% 4.88% 0.52% -0.40% - 1.66%
w/ sales charge 0.29% 3.42% 0.50% 1.27% - 2.26%

Fund Expense Ratio :

Gross 0.63%

Net 0.63%

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

Past performance is not a reliable indicator or guarantee 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. 

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

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

Maturity Assets
Less than 1 year
1-3 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 05/30/2025 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

31 Years of Industry Experience

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

Partner, Portfolio Manager

27 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Co-Head of Taxable Fixed Income

24 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Co-Head of Taxable Fixed Income

34 Years of Industry Experience

Adam C. Castle
Adam C. Castle, CFA

Partner, Portfolio Manager

17 Years of Industry Experience

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

Partner & Portfolio Manager

24 Years of Industry Experience

Harris Trifon
Harris Trifon

Partner, Portfolio Manager

25 Years of Industry Experience

Karen J. Gunnerson
Karen J. Gunnerson

Senior Managing Director, Portfolio Manager

15 Years of Industry Experience

Supported By 83 Investment Professionals with 17 Years Avg. Industry Experience

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Performance

Performance

Average Yield to Maturity as of 05/30/2025

5.44%

Distribution Yield as of 06/18/2025  

5.13%

30-Day Standardized Yield 1 as of 05/31/2025  

  Subsidized2 Un-Subsidized3
w/o sales charge 4.95% 4.95%

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

Fund Expense Ratio :

Gross 0.63%

Net 0.63%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge 2.09% 5.88% 2.43% 0.82% - 2.41%
Lipper Category Avg. Core Plus Bond Funds 2.43% 5.58% 1.81% -0.03% - -
Bloomberg U.S. Aggregate Bond Index 2.45% 5.46% 1.49% -0.90% - 1.59%
w/ sales charge -0.18% 3.51% 1.65% 0.36% - 2.17%

Fund Expense Ratio :

Gross 0.63%

Net 0.63%

Fund Expense Ratio :

Gross 0.63%

Net 0.63%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge 2.57% 5.84% 1.27% 1.74% - 2.50%
Lipper Category Avg. Core Plus Bond Funds 2.70% 5.16% 0.66% 0.86% - -
Bloomberg U.S. Aggregate Bond Index 2.78% 4.88% 0.52% -0.40% - 1.66%
w/ sales charge 0.29% 3.42% 0.50% 1.27% - 2.26%

Fund Expense Ratio :

Gross 0.63%

Net 0.63%

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

Past performance is not a reliable indicator or guarantee 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. 

Year Fund Returns Bloomberg U.S. Aggregate Bond Index
2024 3.36% 1.25%
2023 7.03% 5.53%
2022 -13.97% -13.01%
2021 0.59% -1.54%
2020 7.21% 7.51%
2019 9.86% 8.72%
2018 -0.93% 0.01%
2017 4.64% 3.54%
2016 5.63% 2.65%
2015 -0.59% 0.55%
Year Q1 Q2 Q3 Q4
2025 2.57% - - -
2024 0.17% 0.41% 5.38% -2.48%
2023 3.14% -0.54% -2.41% 6.91%
2022 -6.01% -6.21% -4.13% 1.79%
2021 -2.10% 2.52% 0.09% 0.12%
2020 -3.43% 5.51% 2.65% 2.51%
2019 3.96% 3.24% 1.85% 0.50%
2018 -1.26% -0.31% 0.84% -0.18%
2017 1.48% 1.48% 1.13% 0.48%
2016 2.43% 2.80% 2.20% -1.84%
2015 - - - -

Portfolio

Portfolio

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

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

Rating Assets
Less than 1 year
1-3 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 05/30/2025

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 03/31/2025

  • Duration positioning detracted from relative performance over the quarter. Being underweight duration versus the benchmark detracted as U.S. Treasury rates moved lower during the period.
  • An allocation to high yield corporate bonds also detracted from relative returns. We modestly increased the portfolio’s overall exposure to high yield corporates.
  • There were no other significant detractors over the period.
  • Security selection within investment grade corporate bonds contributed to relative performance, specifically within the Financials sector. We increased the portfolio’s overall exposure to investment grade corporate bonds as we believe they offer attractive relative value.
  • The portfolio’s allocation to ABS and collateralized loan obligations (CLOs) modestly contributed to relative performance. Within CLOs and ABS, we decreased the portfolio’s overall exposure, specifically within AAA-rated.
  • The portfolio’s allocation to agency mortgage-backed securities (MBS) contributed to relative performance. We believe this is an attractive asset class for high quality carry and it may perform well as rate volatility declines.

Portfolio Details as of 05/30/2025

Total Net Assets
$3.85 B
Average Effective Duration
6.12 Years
Average Life
8.62 Years
Average Maturity
8.62 Years
Average Modified Duration
6.45 Years
Number of Issues
688
Average Yield to Maturity
5.44%
Distribution Yield (as of 06/18/2025)
5.13%

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

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

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

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

Holding Coupon Maturity Assets
United States Treasury Note/Bond 4.625% 11/15/2044 4.1%
United States Treasury Note/Bond 4.000% 03/31/2030 3.9%
United States Treasury Note/Bond 4.500% 11/15/2054 3.8%
United States Treasury Note/Bond 4.125% 02/28/2027 3.6%
15-YR UMBS-TBA PROD JUL 5.000% 02/01/2040 2.6%
United States Treasury Note/Bond 3.375% 08/15/2042 2.5%
15-YR UMBS-TBA PROD JUL 5.500% 11/01/2039 2.3%
30-YR UMBS-TBA PROD JUL 5.500% 12/01/2054 2.1%
30-YR UMBS-TBA PROD JUL 5.000% 08/01/2054 2.0%
30-YR GNMA II-TBA PROD JUN 5.500% 10/01/2054 1.3%
% of Total Assets 28.2%
Holding Coupon Maturity Assets
United States Treasury Note/Bond4.625% 11/15/20444.6%
United States Treasury Note/Bond4.000% 03/31/20304.2%
30-YR UMBS-TBA PROD JUN5.500% 10/01/20543.4%
United States Treasury Note/Bond3.375% 08/15/20422.6%
United States Treasury Note/Bond4.125% 02/28/20272.6%
United States Treasury Note/Bond4.250% 08/15/20542.4%
15-YR UMBS-TBA PROD JUN5.000% 12/01/20392.3%
30-YR UMBS-TBA PROD JUN5.000% 10/01/20542.1%
15-YR UMBS-TBA PROD JUN5.500% 08/01/20391.9%
J P MORGAN SECURITIES INC4.410% 05/01/20251.8%
United States Treasury Note/Bond4.125% 08/15/20441.7%
United States Treasury Note/Bond4.500% 11/15/20541.5%
30-YR UMBS-TBA PROD JUN6.000% 05/01/20541.2%
United States Treasury Note/Bond4.250% 11/30/20261.2%
30-YR UMBS-TBA PROD MAY2.500% 05/01/20511.0%
30-YR UMBS-TBA PROD MAY5.000% 10/01/20540.9%
30-YR GNMA II-TBA PROD JUN5.500% 09/01/20540.8%
30-YR GNMA II-TBA PROD JUN5.000% 11/01/20540.8%
30-YR GNMA II-TBA PROD MAY5.500% 09/01/20540.8%
United States Treasury Note/Bond4.250% 11/15/20340.8%
15-YR UMBS-TBA PROD JUN6.000% 11/01/20380.7%
Freddie Mac Pool5.500% 11/01/20540.7%
15-YR UMBS-TBA PROD MAY5.000% 12/01/20390.6%
30-YR UMBS-TBA PROD JUN6.500% 02/01/20540.6%
15-YR UMBS-TBA PROD JUN2.000% 11/01/20360.6%
15-YR UMBS-TBA PROD MAY5.500% 08/01/20390.5%
30-YR GNMA II-TBA PROD MAY6.000% 06/01/20540.5%
30-YR GNMA II-TBA PROD MAY2.000% 09/01/20510.5%
Wells Fargo Commercial Mortgage Trust 2025-5C36.096% 01/15/20580.4%
Uber Technologies Inc4.500% 08/15/20290.4%
30-YR GNMA II-TBA PROD MAY3.000% 12/01/20510.4%
Avolon TLB Borrower 1 US LLC6.074% 06/24/20300.4%
AB BSL CLO 3 Ltd5.819% 04/20/20380.4%
30-YR GNMA II-TBA PROD MAY5.000% 11/01/20540.4%
Citizens Financial Group Inc6.645% 04/25/20350.4%
Citizens Auto Receivables Trust 2023-25.830% 02/15/20280.4%
30-YR UMBS-TBA PROD JUN4.000% 09/01/20540.4%
30-YR UMBS-TBA PROD MAY3.500% 06/01/20530.4%
Continental Resources Inc/OK5.750% 01/15/20310.4%
Aircastle Ltd6.500% 07/18/20280.3%
Fannie Mae Pool5.500% 10/01/20540.3%
Morgan Stanley4.431% 01/23/20300.3%
Freddie Mac Pool6.000% 07/01/20390.3%
Imperial Brands Finance PLC6.125% 07/27/20270.3%
Boeing Co/The6.528% 05/01/20340.3%
30-YR GNMA II-TBA PROD MAY4.500% 12/01/20540.3%
Danske Bank A/S4.375% 06/12/20280.3%
JPMorgan Chase & Co4.946% 10/22/20350.3%
BAT Capital Corp5.350% 08/15/20320.3%
Emera Inc6.750% 06/15/20760.3%
Freddie Mac Pool6.500% 11/01/20530.3%
LPL Holdings Inc4.000% 03/15/20290.3%
BARCLAYS CAPITAL4.360% 05/01/20250.3%
CCO Holdings LLC / CCO Holdings Capital Corp4.750% 03/01/20300.3%
VICI Properties LP / VICI Note Co Inc3.750% 02/15/20270.3%
ROCK Trust 2024-CNTR5.388% 11/13/20410.3%
30-YR UMBS-TBA PROD MAY7.000% 05/01/20530.3%
Paychex Inc5.350% 04/15/20320.3%
BBCMS Mortgage Trust 2025-5C335.839% 03/15/20580.3%
Solventum Corp5.450% 03/13/20310.3%
Bayer US Finance LLC6.375% 11/21/20300.3%
Wells Fargo & Co3.350% 03/02/20330.3%
30-YR UMBS-TBA PROD MAY4.000% 09/01/20540.3%
Bank of America Corp3.593% 07/21/20280.3%
JP Morgan Mortgage Trust 2021-INV63.000% 04/25/20520.3%
Fannie Mae Pool3.500% 04/01/20520.3%
IPALCO Enterprises Inc4.250% 05/01/20300.3%
30-YR GNMA II-TBA PROD JUN3.000% 12/01/20510.3%
NextGear Floorplan Master Owner Trust4.550% 02/15/20300.3%
Barclays PLC6.496% 09/13/20270.3%
Vistra Operations Co LLC6.042% 12/20/20300.3%
Ford Motor Credit Co LLC7.350% 11/04/20270.3%
Fannie Mae Pool2.500% 09/01/20360.3%
Freddie Mac STACR REMIC Trust 2022-HQA19.604% 03/25/20420.3%
Flutter Financing BV6.045% 11/29/20300.3%
Enbridge Inc8.500% 01/15/20840.3%
HAT Holdings I LLC / HAT Holdings II LLC3.375% 06/15/20260.3%
Exeter Automobile Receivables Trust 2023-39.980% 01/15/20310.3%
Blue Owl Capital Corp2.625% 01/15/20270.3%
Bank of America Corp3.970% 03/05/20290.3%
TransDigm Inc4.625% 01/15/20290.3%
30-YR GNMA II-TBA PROD MAY2.500% 09/01/20510.2%
CPS Auto Receivables Trust 2022-B7.140% 10/15/20290.2%
Cherry Securitization Trust 2024-15.700% 04/15/20320.2%
Energy Transfer LP6.500% 11/15/21730.2%
JP Morgan Mortgage Trust Series 2025-DSC15.577% 09/25/20650.2%
KKR CLO 35 Ltd5.869% 01/20/20380.2%
Barclays PLC6.125% 12/15/21730.2%
Neuberger Berman Loan Advisers CLO 46 Ltd6.019% 01/20/20370.2%
Freddie Mac STACR REMIC Trust 2022-DNA16.854% 01/25/20420.2%
Expand Energy Corp6.750% 04/15/20290.2%
HCA Inc5.600% 04/01/20340.2%
Bayview Opportunity Master Fund VII Trust 2024-SN18.000% 10/15/20290.2%
RIDE 2025-SHRE5.619% 02/14/20470.2%
Ausgrid Finance Pty Ltd4.350% 08/01/20280.2%
World Omni Automobile Lease Securitization Trust 2025-A4.420% 04/17/20280.2%
EFMT 2025-INV25.387% 05/26/20700.2%
Imperial Brands Finance PLC5.500% 02/01/20300.2%
Stream Innovations 2024-2 Issuer Trust5.210% 02/15/20450.2%
Truist Financial Corp5.867% 06/08/20340.2%
Connecticut Avenue Securities Trust 2025-R025.503% 02/25/20450.2%
Minera Mexico SA de CV5.625% 02/12/20320.2%
30-YR GNMA II-TBA PROD JUN6.000% 06/01/20540.2%
SBNA Auto Receivables Trust 2024-A5.320% 12/15/20280.2%
Affirm Asset Securitization Trust 2024-B4.620% 09/15/20290.2%
Citigroup Inc6.174% 05/25/20340.2%
Foundry JV Holdco LLC5.900% 01/25/20330.2%
Benchmark 2024-V7 Mortgage Trust6.228% 05/15/20560.2%
GA Global Funding Trust5.500% 04/01/20320.2%
Crown Castle Inc3.300% 07/01/20300.2%
Bacardi Ltd / Bacardi-Martini BV5.400% 06/15/20330.2%
Exeter Automobile Receivables Trust 2023-112.070% 09/16/20300.2%
Synopsys Inc5.000% 04/01/20320.2%
Ford Credit Auto Lease Trust 2024-B5.180% 02/15/20280.2%
Evergy Kansas Central Inc5.250% 03/15/20350.2%
PNC Financial Services Group Inc/The4.812% 10/21/20320.2%
GLS Auto Select Receivables Trust 2024-35.590% 10/15/20290.2%
GXO Logistics Inc6.500% 05/06/20340.2%
Starwood Property Trust Inc6.500% 10/15/20300.2%
First Citizens BancShares Inc/NC6.254% 03/12/20400.2%
AS Mileage Plan IP Ltd5.308% 10/20/20310.2%
Goodyear Tire & Rubber Co/The5.000% 07/15/20290.2%
Japan Tobacco Inc5.850% 06/15/20350.2%
UBS Group AG1.494% 08/10/20270.2%
Capital One Multi-Asset Execution Trust5.068% 05/15/20280.2%
PNC Financial Services Group Inc/The3.400% 12/15/21730.2%
Freddie Mac Multifamily Structured Pass Through Certificates2.920% 06/25/20320.2%
Rollins Inc5.250% 02/24/20350.2%
LAD Auto Receivables Trust 2024-34.600% 12/17/20290.2%
Mars Inc5.200% 03/01/20350.2%
Intel Corp4.875% 02/10/20280.2%
Regal Rexnord Corp6.050% 02/15/20260.2%
CarMax Auto Owner Trust 2023-46.390% 05/15/20290.2%
BAT Capital Corp6.343% 08/02/20300.2%
Flagstar Mortgage Trust 2021-42.500% 06/01/20510.2%
Clydesdale Acquisition Holdings Inc6.750% 04/15/20320.2%
MasTec Inc4.500% 08/15/20280.2%
Beacon Roofing Supply Inc6.750% 04/30/20320.2%
Freddie Mac STACR REMIC Trust 2023-HQA36.204% 11/25/20430.2%
JBS USA Holding Lux Sarl/ JBS USA Food Co/ JBS Lux Co Sarl3.625% 01/15/20320.2%
Danske Bank A/S6.259% 09/22/20260.2%
Ford Credit Auto Lease Trust 2023-A5.540% 12/15/20260.2%
Hungary Government International Bond5.500% 06/16/20340.2%
Hyundai Auto Receivables Trust 2022-C5.520% 10/16/20280.2%
Jackson National Life Global Funding5.350% 01/13/20300.2%
HAT Holdings I LLC / HAT Holdings II LLC8.000% 06/15/20270.2%
Vistra Operations Co LLC5.700% 12/30/20340.2%
Athene Global Funding5.620% 05/08/20260.2%
UBS Group AG5.711% 01/12/20270.2%
Freddie Mac Multifamily Structured Pass Through Certificates3.500% 07/25/20320.2%
GLS Auto Select Receivables Trust 2023-28.220% 02/18/20310.2%
Chile Electricity Lux Mpc II Sarl5.580% 10/20/20350.2%
Bank of America Corp2.087% 06/14/20290.2%
US Bancorp4.839% 02/01/20340.2%
Entergy Louisiana LLC5.700% 03/15/20540.2%
GA Global Funding Trust4.400% 09/23/20270.2%
Boeing Co/The3.100% 05/01/20260.2%
Regatta XX Funding Ltd5.806% 01/15/20380.2%
National Fuel Gas Co5.950% 03/15/20350.2%
Directv Financing LLC / Directv Financing Co-Obligor Inc5.875% 08/15/20270.2%
nVent Finance Sarl4.550% 04/15/20280.2%
Consumer Portfolio Services Auto Trust 2025-A5.250% 04/15/20310.2%
AT&T Inc4.300% 02/15/20300.2%
Fortiva Retail Prime Master Note Business Trust6.600% 09/17/20290.2%
30-YR UMBS-TBA PROD JUN7.000% 05/01/20530.2%
Fannie Mae Pool2.000% 01/01/20360.2%
JBS USA Holding Lux Sarl/ JBS USA Food Co/ JBS Lux Co Sarl5.750% 04/01/20330.2%
Gartner Inc4.500% 07/01/20280.2%
BX Trust 2025-ROIC5.715% 03/15/20300.2%
Hudson Yards 2025-SPRL Mortgage Trust6.551% 01/13/20400.2%
Broadcom Inc4.300% 11/15/20320.2%
AppLovin Corp5.375% 12/01/20310.2%
CNO Global Funding5.875% 06/04/20270.2%
Broadcom Inc5.150% 11/15/20310.2%
Piedmont Natural Gas Co Inc5.100% 02/15/20350.2%
Freddie Mac Pool6.000% 07/01/20390.2%
NRG Energy Inc4.450% 06/15/20290.2%
Antero Resources Corp5.375% 03/01/20300.2%
Fannie Mae Pool2.500% 06/01/20370.2%
KeyCorp6.401% 03/06/20350.2%
Centene Corp2.450% 07/15/20280.2%
World Financial Network Credit Card Master Trust5.020% 03/15/20300.2%
COMM 2015-LC21 Mortgage Trust4.043% 07/10/20480.2%
Toronto-Dominion Bank/The7.250% 07/31/20840.2%
Evergy Missouri West Inc5.650% 06/01/20340.2%
Freedom Mortgage Corp12.250% 10/01/20300.2%
JPMorgan Chase & Co2.963% 01/25/20330.2%
Intesa Sanpaolo SpA6.625% 06/20/20330.2%
Aethon United BR LP / Aethon United Finance Corp7.500% 10/01/20290.2%
Aris Water Holdings LLC7.250% 04/01/20300.2%
SEB Funding LLC4.969% 01/30/20520.2%
Connecticut Avenue Securities Trust 2023-R018.103% 12/25/20420.2%
Jacobs Engineering Group Inc5.900% 03/01/20330.2%
BMO 2024-5C8 Mortgage Trust5.625% 12/15/20570.2%
American Transmission Systems Inc2.650% 01/15/20320.2%
Morgan Stanley Bank of America Merrill Lynch Trust 2025-5C15.635% 03/15/20580.2%
Ford Motor Credit Co LLC6.125% 03/08/20340.2%
Freddie Mac Pool2.500% 06/01/20510.2%
TGNR Intermediate Holdings LLC5.500% 10/15/20290.2%
Goldman Sachs Group Inc/The2.383% 07/21/20320.2%
Broadcom Inc4.800% 10/15/20340.2%
BMO 2024-5C5 Mortgage Trust5.857% 02/15/20570.2%
Carnival Corp6.125% 02/15/20330.2%
LoanCore 2025 2025-CRE8 Issuer LLC5.713% 08/17/20420.2%
Foundry JV Holdco LLC5.500% 01/25/20310.2%
Jane Street Group / JSG Finance Inc6.125% 11/01/20320.2%
Antofagasta PLC6.250% 05/02/20340.2%
VICI Properties LP / VICI Note Co Inc4.625% 12/01/20290.2%
Medline Borrower LP/Medline Co-Issuer Inc6.250% 04/01/20290.2%
UBS Group AG6.442% 08/11/20280.2%
Freddie Mac Pool6.000% 08/01/20390.2%
Capstone Copper Corp6.750% 03/31/20330.2%
Constellation Energy Generation LLC5.800% 03/01/20330.2%
Sinclair Television Group Inc8.125% 02/15/20330.1%
American Express Co5.667% 04/25/20360.1%
GLP Capital LP / GLP Financing II Inc5.750% 06/01/20280.1%
LGI Homes Inc4.000% 07/15/20290.1%
Brandywine Operating Partnership LP8.875% 04/12/20290.1%
Arthur J Gallagher & Co5.000% 02/15/20320.1%
Avolon Holdings Funding Ltd4.250% 04/15/20260.1%
Centene Corp3.375% 02/15/20300.1%
Permian Resources Operating LLC7.000% 01/15/20320.1%
Avolon Holdings Funding Ltd5.375% 05/30/20300.1%
BMO 2023-C5 Mortgage Trust5.494% 06/15/20560.1%
Danske Bank A/S4.298% 04/01/20280.1%
Santander Drive Auto Receivables Trust 2024-26.280% 08/15/20310.1%
Panama Government International Bond6.400% 02/14/20350.1%
Exeter Automobile Receivables Trust 2023-36.680% 04/16/20290.1%
Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer6.750% 04/15/20280.1%
VStrong Auto Receivables Trust 2023-A9.310% 02/15/20300.1%
Exeter Automobile Receivables Trust 2023-26.320% 08/15/20290.1%
LPL Holdings Inc4.625% 11/15/20270.1%
LD Celulose International GmbH7.950% 01/26/20320.1%
SM Energy Co6.750% 08/01/20290.1%
Goldman Sachs Group Inc/The5.016% 10/23/20350.1%
NRG Energy Inc6.068% 04/16/20310.1%
Republic of South Africa Government International Bond7.100% 11/19/20360.1%
Sprint Capital Corp8.750% 03/15/20320.1%
Phillips Edison Grocery Center Operating Partnership I LP4.950% 01/15/20350.1%
Colombia Government International Bond7.750% 11/07/20360.1%
Navoi Mining & Metallurgical Combinat6.950% 10/17/20310.1%
Atlassian Corp5.500% 05/15/20340.1%
Empresa Generadora de Electricidad Haina SA5.625% 11/08/20280.1%
Royalty Pharma PLC5.400% 09/02/20340.1%
Matador Resources Co6.250% 04/15/20330.1%
Jackson National Life Global Funding5.500% 01/09/20260.1%
Opal Bidco SAS6.500% 03/31/20320.1%
Wells Fargo Commercial Mortgage Trust 2024-5C15.928% 07/15/20570.1%
Wells Fargo & Co6.491% 10/23/20340.1%
Novelis Corp6.875% 01/30/20300.1%
Mars Inc5.000% 03/01/20320.1%
Bayer US Finance LLC6.500% 11/21/20330.1%
Magnolia Oil & Gas Operating LLC / Magnolia Oil & Gas Finance Corp6.875% 12/01/20320.1%
Perimeter Master Note Business Trust5.580% 12/16/20300.1%
GS Mortgage-Backed Securities Trust 2022-PJ63.000% 01/25/20530.1%
Solventum Corp5.600% 03/23/20340.1%
Aviation Capital Group LLC6.750% 10/25/20280.1%
Aris Mining Corp8.000% 10/31/20290.1%
Kimmeridge Texas Gas LLC8.500% 02/15/20300.1%
World Omni Auto Receivables Trust 2023-D5.790% 02/15/20290.1%
Petroleos Mexicanos6.700% 02/16/20320.1%
AIB Group PLC5.871% 03/28/20350.1%
Universal Health Services Inc5.050% 10/15/20340.1%
BMW Vehicle Lease Trust 2023-25.990% 09/25/20260.1%
Lightning Power LLC7.250% 08/15/20320.1%
SWCH Commercial Mortgage Trust 2025-DATA6.963% 03/15/20420.1%
Warnermedia Holdings Inc4.279% 03/15/20320.1%
US Bancorp5.678% 01/23/20350.1%
Freddie Mac Pool6.000% 09/01/20390.1%
Macquarie Group Ltd4.654% 03/27/20290.1%
Morgan Stanley2.239% 07/21/20320.1%
Wells Fargo & Co2.393% 06/02/20280.1%
Freddie Mac Stacr Remic Trust 2025-Hqa15.504% 02/25/20450.1%
30-YR UMBS-TBA PROD MAY6.000% 05/01/20540.1%
Targa Resources Partners LP / Targa Resources Partners Finance Corp5.500% 03/01/20300.1%
Ford Motor Credit Co LLC5.125% 06/16/20250.1%
JSW Infrastructure Ltd4.950% 01/21/20290.1%
Bayer US Finance LLC6.250% 01/21/20290.1%
Husky Injection Molding Systems Ltd / Titan Co-Borrower LLC9.000% 02/15/20290.1%
Ivanhoe Mines Ltd7.875% 01/23/20300.1%
MSCI Inc3.625% 11/01/20310.1%
Blue Owl Technology Finance Corp4.750% 12/15/20250.1%
Aircastle Ltd2.850% 01/26/20280.1%
BNP Paribas SA2.219% 06/09/20260.1%
Foundry JV Holdco LLC5.875% 01/25/20340.1%
Ford Motor Credit Co LLC3.375% 11/13/20250.1%
SBNA Auto Lease Trust 2024-A5.390% 11/20/20260.1%
HF Sinclair Corp5.000% 02/01/20280.1%
Organon & Co / Organon Foreign Debt Co-Issuer BV5.125% 04/30/20310.1%
Flagstar Mortgage Trust 2021-72.500% 08/25/20510.1%
Booz Allen Hamilton Inc3.875% 09/01/20280.1%
Sprint Capital Corp6.875% 11/15/20280.1%
Eastern Energy Gas Holdings LLC5.650% 10/15/20540.1%
GGAM Finance Ltd8.000% 02/15/20270.1%
Venture Global LNG Inc8.375% 06/01/20310.1%
Goodman US Finance Six LLC5.125% 10/07/20340.1%
Ally Bank Auto Credit-Linked Notes Series 2024-A7.917% 05/17/20320.1%
Centene Corp4.250% 12/15/20270.1%
BX Trust 2024-VLT45.813% 07/15/20290.1%
Navient Corp11.500% 03/15/20310.1%
Jane Street Group / JSG Finance Inc6.750% 05/01/20330.1%
Blackstone Private Credit Fund2.625% 12/15/20260.1%
Neuberger Berman Group LLC / Neuberger Berman Finance Corp4.500% 03/15/20270.1%
Aviation Capital Group LLC6.375% 07/15/20300.1%
Bayview Opportunity Master Fund VII 2024-EDU1 LLC6.154% 06/25/20470.1%
Dominion Energy South Carolina Inc5.300% 01/15/20350.1%
Bayer US Finance II LLC4.250% 12/15/20250.1%
Oncor Electric Delivery Co LLC5.350% 04/01/20350.1%
Boeing Co/The5.150% 05/01/20300.1%
Iron Mountain Information Management Services Inc5.000% 07/15/20320.1%
Western Alliance Bancorp3.000% 06/15/20310.1%
Nissan Motor Acceptance Co LLC7.050% 09/15/20280.1%
Cheniere Energy Partners LP3.250% 01/31/20320.1%
International Flavors & Fragrances Inc1.230% 10/01/20250.1%
JetBlue Airways Corp / JetBlue Loyalty LP9.875% 09/20/20310.1%
Ascent Resources Utica Holdings LLC / ARU Finance Corp6.625% 10/15/20320.1%
Fresenius Medical Care US Finance III Inc3.000% 12/01/20310.1%
J.P. Morgan Mortgage Trust 2021-153.000% 06/25/20520.1%
Encino Acquisition Partners Holdings LLC8.750% 05/01/20310.1%
Entergy Corp0.900% 09/15/20250.1%
VICI Properties LP / VICI Note Co Inc5.750% 02/01/20270.1%
Santander Drive Auto Receivables Trust 2024-35.640% 08/15/20300.1%
Macquarie Airfinance Holdings Ltd8.125% 03/30/20290.1%
GS Mortgage Securities Corp Trust 2024-RVR5.372% 08/10/20410.1%
Public Service Electric and Gas Co4.850% 08/01/20340.1%
NGPL PipeCo LLC3.250% 07/15/20310.1%
Affirm Asset Securitization Trust 2023-B6.820% 09/15/20280.1%
Principal Life Global Funding II5.100% 01/25/20290.1%
Allied Universal Holdco LLC / Allied Universal Finance Corp6.000% 06/01/20290.1%
AMMC CLO 23 Ltd6.330% 04/17/20350.1%
Kennedy-Wilson Inc4.750% 03/01/20290.1%
Crescent Energy Finance LLC7.375% 01/15/20330.1%
LPL Holdings Inc5.750% 06/15/20350.1%
South Bow USA Infrastructure Holdings LLC5.026% 10/01/20290.1%
Aretec Group Inc10.000% 08/15/20300.1%
Entergy Mississippi LLC5.800% 04/15/20550.1%
Mariner Finance Issuance Trust 2024-A9.020% 09/22/20360.1%
Multifamily Connecticut Avenue Securities Trust 2024-017.104% 07/25/20540.1%
Bayview Opportunity Master Fund VI Trust 2021-INV62.500% 10/25/20510.1%
Cajun Global LLC3.931% 11/20/20510.1%
JP Morgan Mortgage Trust 2021-42.500% 08/25/20510.1%
Westlake Automobile Receivables Trust 2023-15.740% 08/15/20280.1%
Connecticut Avenue Securities Trust 2023-R038.254% 04/25/20430.1%
FIEMEX Energia - Banco Actinver SA Institucion de Banca Multiple7.250% 01/31/20410.1%
Rad CLO 20 Ltd7.272% 07/20/20360.1%
Brighthouse Financial Global Funding5.650% 06/10/20290.1%
Santander Drive Auto Receivables Trust 2022-76.690% 03/17/20310.1%
Palomino Funding Trust I7.233% 05/17/20280.1%
Ecopetrol SA8.375% 01/19/20360.1%
Benchmark 2024-V12 Mortgage Trust5.738% 12/15/20570.1%
Crown Castle Inc2.100% 04/01/20310.1%
Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp7.000% 07/15/20310.1%
Regal Rexnord Corp6.300% 02/15/20300.1%
Wells Fargo Commercial Mortgage Trust 2024-MGP6.013% 08/15/20410.1%
VStrong Auto Receivables Trust 2023-A9.990% 12/16/20300.1%
T-Mobile USA Inc3.875% 04/15/20300.1%
Oncor Electric Delivery Co LLC5.650% 11/15/20330.1%
Freddie Mac STACR REMIC Trust 2024-HQA25.604% 08/25/20440.1%
Citigroup Inc3.887% 01/10/20280.1%
Sammons Financial Group Global Funding5.100% 12/10/20290.1%
Coca-Cola Consolidated Inc5.450% 06/01/20340.1%
Rentokil Terminix Funding LLC5.625% 04/28/20350.1%
SunCoke Energy Inc4.875% 06/30/20290.1%
CPS Auto Receivables Trust 2023-A6.440% 04/16/20290.1%
Affirm Asset Securitization Trust 2023-B11.320% 09/15/20280.1%
Devon Energy Corp5.200% 09/15/20340.1%
Connecticut Avenue Securities Trust 2023-R046.653% 05/25/20430.1%
Octane Receivables Trust 2022-25.850% 07/20/20280.1%
NRG Energy Inc6.000% 02/01/20330.1%
Arbor Realty Commercial Real Estate Notes 2022-FL1 Ltd5.795% 01/15/20370.1%
Union Electric Co5.250% 04/15/20350.1%
Univision Communications Inc8.500% 07/31/20310.1%
Embecta Corp5.000% 02/15/20300.1%
RenaissanceRe Holdings Ltd5.800% 04/01/20350.1%
CIM Trust 2021-J12.500% 03/25/20510.1%
Mexico Government International Bond6.350% 02/09/20350.1%
Galaxy Pipeline Assets Bidco Ltd2.160% 03/31/20340.1%
Axon Enterprise Inc6.250% 03/15/20330.1%
CenterPoint Energy Resources Corp1.750% 10/01/20300.1%
Minejesa Capital BV4.625% 08/10/20300.1%
Constellation Energy Generation LLC5.600% 06/15/20420.1%
AmeriTex HoldCo Intermediate LLC10.250% 10/15/20280.1%
Brown & Brown Inc2.375% 03/15/20310.1%
Landsea Homes Corp8.875% 04/01/20290.1%
BBCMS Mortgage Trust 2025-5C345.659% 05/15/20580.1%
Global Atlantic Fin Co7.950% 06/15/20330.1%
Macquarie Airfinance Holdings Ltd6.500% 03/26/20310.1%
NatWest Group PLC3.032% 11/28/20350.1%
Carmax Auto Owner Trust 2023-35.610% 02/15/20290.1%
Morgan Stanley4.000% 07/23/20250.1%
Ford Motor Credit Co LLC6.054% 11/05/20310.1%
AAdvantage Loyalty IP Ltd6.553% 04/20/20280.1%
Weibo Corp3.375% 07/08/20300.1%
Tengizchevroil Finance Co International Ltd3.250% 08/15/20300.1%
Hexcel Corp5.875% 02/26/20350.1%
GLS Auto Select Receivables Trust 2024-25.580% 06/17/20300.1%
Mercury Financial Credit Card Master Trust6.560% 07/20/20290.1%
Mexico Government International Bond6.000% 05/13/20300.1%
Connecticut Avenue Securities Trust 2024-R065.504% 09/25/20440.1%
Vermilion Energy Inc6.875% 05/01/20300.1%
Rockies Express Pipeline LLC6.750% 03/15/20330.1%
UBS Group AG2.746% 02/11/20330.1%
Royalty Pharma PLC3.350% 09/02/20510.1%
Oglethorpe Power Corp5.900% 02/01/20550.1%
Columbia Pipelines Holding Co LLC5.097% 10/01/20310.1%
Prosus NV4.027% 08/03/20500.1%
Affirm Asset Securitization Trust 2024-A5.610% 02/15/20290.1%
Fannie Mae Pool2.000% 02/01/20360.1%
Connecticut Avenue Securities Trust 2022-R086.904% 07/25/20420.1%
GrubHub Holdings Inc5.500% 07/01/20270.1%
WE Soda Investments Holding PLC9.500% 10/06/20280.1%
VZ Secured Financing BV5.000% 01/15/20320.1%
US Bank NA5.582% 02/25/20320.1%
Medco Maple Tree Pte Ltd8.960% 04/27/20290.1%
EQT Corp4.750% 01/15/20310.1%
Alimentation Couche-Tard Inc5.267% 02/12/20340.1%
Baytex Energy Corp8.500% 04/30/20300.1%
NGPL PipeCo LLC4.875% 08/15/20270.1%
Mars Inc5.700% 05/01/20550.1%
VistaJet Malta Finance PLC / Vista Management Holding Inc7.875% 05/01/20270.1%
Citadel Securities Global Holdings LLC6.303% 10/31/20310.1%
RAD CLO 21 Ltd5.832% 01/25/20370.1%
F&G Global Funding5.150% 07/07/20250.1%
GM Financial Automobile Leasing Trust 2023-15.510% 01/20/20270.1%
Anglo American Capital PLC3.875% 03/16/20290.1%
GM Financial Automobile Leasing Trust 2023-25.540% 05/20/20270.1%
Mercer International Inc5.125% 02/01/20290.1%
Driven Brands Funding LLC3.981% 10/20/20490.1%
Westlake Automobile Receivables Trust 2024-15.440% 05/17/20270.1%
PFP 2023-10 Ltd6.693% 09/16/20380.1%
ZF North America Capital Inc6.750% 04/23/20300.1%
Ford Motor Credit Co LLC7.200% 06/10/20300.1%
LSB Industries Inc6.250% 10/15/20280.1%
Rain Carbon Inc12.250% 09/01/20290.1%
15-YR UMBS-TBA PROD MAY2.500% 10/01/20360.1%
PennyMac Financial Services Inc7.125% 11/15/20300.1%
Molina Healthcare Inc3.875% 11/15/20300.1%
Saks Global Enterprises LLC11.000% 12/15/20290.1%
Hecla Mining Co7.250% 02/15/20280.1%
Connecticut Avenue Securities Trust 2023-R016.753% 12/25/20420.1%
American Airlines Inc7.250% 02/15/20280.1%
Howden UK Refinance PLC / Howden UK Refinance 2 PLC / Howden US Refinance LLC7.250% 02/15/20310.1%
Occidental Petroleum Corp6.625% 09/01/20300.1%
TEXAS Commercial Mortgage Trust 2025-TWR7.412% 04/15/20420.1%
Freddie Mac STACR REMIC Trust 2023-HQA19.854% 05/25/20430.1%
Expand Energy Corp5.375% 03/15/20300.1%
UBS Group AG7.000% 08/10/21730.1%
Cloud Software Group Inc6.500% 03/31/20290.1%
JB Poindexter & Co Inc8.750% 12/15/20310.1%
Workday Inc3.800% 04/01/20320.1%
Ford Motor Co9.625% 04/22/20300.1%
Ally Bank Auto Credit-Linked Notes Series 2024-B6.678% 09/15/20320.1%
Accenture Capital Inc4.250% 10/04/20310.1%
Senegal Government International Bond6.250% 05/23/20330.1%
Avid Automobile Receivables Trust 2021-13.390% 04/17/20280.1%
US Acute Care Solutions LLC9.750% 05/15/20290.1%
Carnival Corp6.000% 05/01/20290.1%
Calpine Corp6.070% 01/31/20310.1%
Glencore Funding LLC6.375% 10/06/20300.1%
Vedanta Resources Finance II PLC9.475% 07/24/20300.1%
30-YR UMBS-TBA PROD JUN2.000% 02/01/20510.1%
Crockett Partners Equipment Co IIA LLC6.050% 01/20/20310.1%
Citigroup Inc3.980% 03/20/20300.1%
EquipmentShare.com Inc9.000% 05/15/20280.1%
Reynolds Consumer Products LLC6.074% 03/04/20320.1%
15-YR UMBS-TBA PROD MAY6.000% 11/01/20380.1%
Oracle Corp2.875% 03/25/20310.1%
Alpha Generation LLC6.750% 10/15/20320.1%
Vistra Operations Co LLC7.750% 10/15/20310.1%
American Tower Corp5.550% 07/15/20330.1%
IRB Infrastructure Developers Ltd7.110% 03/11/20320.1%
Enel Finance International NV5.125% 06/26/20290.1%
Entergy Texas Inc5.250% 04/15/20350.1%
Colombia Government International Bond7.500% 02/02/20340.1%
JP Morgan Mortgage Trust 2022-33.000% 08/25/20520.1%
JP Morgan Mortgage Trust 2022-INV13.000% 03/25/20520.1%
FMG Resources August 2006 Pty Ltd4.375% 04/01/20310.1%
BFLD 2024-VICT Mortgage Trust6.212% 07/15/20410.1%
Citizens Auto Receivables Trust 2024-25.330% 08/15/20280.1%
Appalachian Power Co5.650% 04/01/20340.1%
Sri Lanka Government International Bond3.600% 05/15/20360.1%
FactSet Research Systems Inc3.450% 03/01/20320.1%
California Resources Corp8.250% 06/15/20290.1%
Viterra Finance BV4.900% 04/21/20270.1%
Glencore Funding LLC5.634% 04/04/20340.1%
National Fuel Gas Co3.950% 09/15/20270.1%
American Tower Corp3.800% 08/15/20290.1%
Nuveen LLC5.850% 04/15/20340.1%
Freddie Mac STACR REMIC Trust 2022-HQA36.654% 08/25/20420.1%
Advantage Sales & Marketing Inc6.500% 11/15/20280.1%
BAT Capital Corp5.834% 02/20/20310.1%
Coterra Energy Inc4.375% 03/15/20290.1%
Rand Parent LLC8.500% 02/15/20300.1%
Delek Logistics Partners LP / Delek Logistics Finance Corp7.125% 06/01/20280.1%
Indianapolis Power & Light Co5.700% 04/01/20540.1%
Ford Motor Credit Co LLC6.800% 05/12/20280.1%
New Residential Mortgage Loan Trust 2020-RPL13.848% 11/25/20590.1%
Lending Funding Trust 2020-22.320% 04/21/20310.1%
Benefit Street Partners Clo XXXIII Ltd6.582% 01/25/20360.1%
LoanCore 2022-CRE7 Issuer Ltd5.898% 01/17/20370.1%
EQT Corp7.000% 02/01/20300.1%
Velocity Commercial Capital Loan Trust 2024-26.650% 06/25/20540.1%
Anglo American Capital PLC5.750% 04/05/20340.1%
Discovery Communications LLC3.950% 03/20/20280.1%
JP Morgan Mortgage Trust 2021-102.500% 12/25/20510.1%
Fannie Mae Pool2.500% 08/01/20350.1%
Dominion Energy Inc6.875% 02/01/20550.1%
Arko Corp5.125% 11/15/20290.1%
ABN AMRO Bank NV3.324% 03/13/20370.1%
Freddie Mac Multifamily Structured Pass Through Certificates3.123% 08/25/20320.1%
Talen Energy Supply LLC8.625% 06/01/20300.1%
Amur Equipment Finance Receivables XIII LLC5.380% 01/21/20310.1%
NatWest Group PLC7.472% 11/10/20260.1%
Affirm Asset Securitization Trust 2024-A5.610% 02/15/20290.1%
30-YR UMBS-TBA PROD MAY2.000% 02/01/20510.1%
Long Ridge Energy LLC8.750% 02/15/20320.1%
New York Life Global Funding4.550% 01/28/20330.1%
J.P. Morgan Mortgage Trust 2021-INV83.000% 05/25/20520.1%
Affirm Asset Securitization Trust 2024-A9.170% 02/15/20290.1%
Chase Home Lending Mortgage Trust Series 2024-RPL23.250% 08/25/20640.1%
Prologis Targeted US Logistics Fund LP5.250% 01/15/20350.1%
Plains All American Pipeline LP8.695% 11/15/21730.1%
Bank of Montreal7.700% 05/26/20840.1%
Allied Universal Holdco LLC7.875% 02/15/20310.1%
Fairstone Financial Issuance Trust I6.873% 10/20/20390.1%
Generate CLO 14 Ltd6.779% 04/22/20370.1%
Trans Union LLC6.079% 06/24/20310.1%
KIND Commercial Mortgage Trust 2024-16.212% 08/15/20410.1%
MF1 2022-FL9 LLC6.469% 06/19/20370.1%
Santander Bank Auto Credit-Linked Notes Series 2022-C14.592% 12/15/20320.1%
East Ohio Gas Co/The1.300% 06/15/20250.1%
Oceanview Mortgage Trust 2021-INV32.500% 07/25/20510.1%
Ardonagh Group Finance Ltd8.875% 02/15/20320.1%
IPALCO Enterprises Inc5.750% 04/01/20340.1%
Assurant Inc2.650% 01/15/20320.1%
Greenko Dutch BV3.850% 03/29/20260.1%
Fannie Mae Pool5.000% 10/01/20520.1%
Carmax Auto Owner Trust 2024-35.670% 01/15/20310.1%
Freddie Mac STACR REMIC Trust 2023-DNA27.603% 04/25/20430.1%
Oglethorpe Power Corp5.950% 11/01/20390.1%
SMRT 2022-MINI5.322% 01/15/20390.1%
Block Inc6.500% 05/15/20320.1%
Greenko Dutch BV3.850% 03/29/20260.1%
SCF Equipment Leasing 2024-1 LLC9.000% 12/20/20340.1%
Santander Bank Auto Credit-Linked Notes Series 2022-A9.965% 05/15/20320.1%
Boeing Co/The6.858% 05/01/20540.1%
NCL Corp Ltd5.875% 02/15/20270.1%
MF1 2024-FL14 LLC6.057% 03/19/20390.1%
30-YR UMBS-TBA PROD MAY3.000% 08/01/20510.1%
AG TTMT Escrow Issuer LLC8.625% 09/30/20270.1%
Florida Power & Light Co5.800% 03/15/20650.1%
Heartland Dental LLC / Heartland Dental Finance Corp10.500% 04/30/20280.1%
Wells Fargo & Co5.574% 07/25/20290.1%
Indika Energy Tbk PT8.750% 05/07/20290.1%
Macquarie Airfinance Holdings Ltd5.150% 03/17/20300.1%
Rio Tinto Finance USA PLC5.875% 03/14/20650.1%
Morgan Stanley5.297% 04/20/20370.1%
Mauser Packaging Solutions Holding Co9.250% 04/15/20270.1%
Broadcom Inc4.150% 04/15/20320.1%
EQT Corp7.500% 06/01/20300.1%
Petronas Capital Ltd5.848% 04/03/20550.1%
CONE Trust 2024-DFW16.613% 08/15/20410.1%
EMRLD Borrower LP / Emerald Co-Issuer Inc6.750% 07/15/20310.1%
OWN Equipment Fund I LLC5.700% 12/20/20320.1%
Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC6.250% 03/15/20330.1%
Connecticut Avenue Securities Trust 2022-R067.104% 05/25/20420.1%
Regatta XXVIII Funding Ltd6.332% 04/25/20370.1%
Flagstar Mortgage Trust 2021-122.500% 11/25/20510.1%
Avolon Holdings Funding Ltd2.125% 02/21/20260.1%
J.P. Morgan Mortgage Trust 2022-43.000% 10/25/20520.1%
ATI Inc7.250% 08/15/20300.1%
First Quantum Minerals Ltd8.000% 03/01/20330.1%
Imperial Brands Finance PLC5.875% 07/01/20340.1%
Spire Missouri Inc5.150% 08/15/20340.1%
Bombardier Inc7.250% 07/01/20310.1%
Southwest Gas Corp4.050% 03/15/20320.1%
Chase Home Lending Mortgage Trust 2024-RPL43.375% 12/25/20640.1%
Flagship Credit Auto Trust 2023-15.010% 08/16/20270.1%
Rakuten Group Inc9.750% 04/15/20290.1%
EPR Properties4.950% 04/15/20280.1%
Teva Pharmaceutical Finance Netherlands III BV3.150% 10/01/20260.1%
Interstate Power and Light Co4.950% 09/30/20340.1%
J.P. Morgan Mortgage Trust 2022-43.000% 10/25/20520.1%
Freddie Mac Pool5.000% 08/01/20520.1%
FirstEnergy Transmission LLC5.000% 01/15/20350.0%
Freddie Mac STACR REMIC Trust 2024-DNA15.704% 02/25/20440.0%
Ford Motor Credit Co LLC2.700% 08/10/20260.0%
Chase Home Lending Mortgage Trust Series 2024-RPL33.250% 09/25/20640.0%
Affirm Asset Securitization Trust 2024-A9.170% 02/15/20290.0%
Citigroup Mortgage Loan Trust 2022-INV13.000% 11/27/20510.0%
Hudson River Trading LLC7.324% 03/18/20300.0%
Freddie Mac STACR REMIC Trust 2024-DNA25.554% 05/25/20440.0%
Fannie Mae Pool2.500% 06/01/20510.0%
Warnermedia Holdings Inc4.054% 03/15/20290.0%
Freddie Mac Multifamily Structured Pass Through Certificates2.580% 05/25/20320.0%
Central American Bottling Corp / CBC Bottling Holdco SL / Beliv Holdco SL5.250% 04/27/20290.0%
Fannie Mae Pool5.000% 08/01/20520.0%
Mill City Mortgage Loan Trust 2021-NMR13.729% 11/25/20600.0%
Avolon Holdings Funding Ltd2.528% 11/18/20270.0%
HCA Inc5.450% 09/15/20340.0%
Connecticut Avenue Securities Trust 2023-R026.654% 01/25/20430.0%
Carvana Auto Receivables Trust 2020-NP15.200% 07/15/20270.0%
30-YR UMBS-TBA PROD MAY5.500% 10/01/20540.0%
Connecticut Avenue Securities Trust 2019-R058.568% 07/25/20390.0%
Bank of New York Mellon Corp/The4.596% 07/26/20300.0%
30-YR UMBS-TBA PROD MAY6.500% 02/01/20540.0%
Bayer Corp/NJ6.650% 02/15/20280.0%
Fannie Mae Pool4.000% 06/01/20520.0%
Fannie Mae Pool2.500% 01/01/20510.0%
Texas Natural Gas Securitization Finance Corp5.102% 04/01/20350.0%
Discover Bank5.974% 08/09/20280.0%
Santander Consumer Auto Receivables Trust 2021-A5.790% 08/15/20280.0%
Ovintiv Inc6.500% 02/01/20380.0%
GS Mortgage-Backed Securities Trust 2021-PJ22.500% 07/25/20510.0%
Lendmark Funding Trust 2022-15.120% 07/20/20320.0%
Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc3.625% 03/01/20290.0%
Watco Cos LLC / Watco Finance Corp7.125% 08/01/20320.0%
OneMain Direct Auto Receivables Trust 2019-14.190% 11/14/20280.0%
Vistra Operations Co LLC5.125% 05/13/20250.0%
Fannie Mae Pool6.000% 02/01/20390.0%
Altice France SA8.125% 02/01/20270.0%
Fannie Mae Pool3.500% 04/01/20520.0%
Santander Consumer Auto Receivables Trust 2020-B7.030% 08/15/20280.0%
J.P. Morgan Mortgage Trust 2022-13.000% 07/25/20520.0%
HUB International Ltd7.375% 01/31/20320.0%
Walgreens Boots Alliance Inc8.125% 08/15/20290.0%
BankUnited Inc5.125% 06/11/20300.0%
Connecticut Avenue Securities Trust 2024-R046.004% 05/25/20440.0%
30-YR UMBS-TBA PROD JUN4.500% 09/01/20540.0%
Freddie Mac Pool5.000% 08/01/20520.0%
Anglo American Capital PLC5.500% 05/02/20330.0%
BNP Paribas SA4.375% 03/01/20330.0%
Madison Park Funding XXIII Ltd5.514% 07/27/20310.0%
Trans Union LLC6.173% 06/24/20310.0%
WE Soda Investments Holding PLC9.500% 10/06/20280.0%
Viterra Finance BV3.200% 04/21/20310.0%
Avant Loans Funding Trust 2021-REV14.300% 07/15/20300.0%
Flagship Credit Auto Trust 2022-34.550% 04/15/20270.0%
Fluor Corp4.250% 09/15/20280.0%
Phillips Edison Grocery Center Operating Partnership I LP5.750% 07/15/20340.0%
Fannie Mae Pool2.500% 05/01/20520.0%
Freddie Mac Pool5.000% 07/01/20520.0%
Macquarie Group Ltd2.691% 06/23/20320.0%
Hilcorp Energy I LP6.321% 02/11/20300.0%
Verus Securitization Trust 2021-81.824% 11/25/20660.0%
Freddie Mac STACR REMIC Trust 2022-HQA16.454% 03/25/20420.0%
Fannie Mae Pool3.000% 12/01/20480.0%
Fannie Mae Pool3.500% 07/01/20450.0%
Ready Capital Mortgage Financing 2023-FL12 LLC6.662% 05/25/20380.0%
Freddie Mac Pool3.500% 02/01/20460.0%
US 2YR NOTE (CBT) Jun250.000% 06/30/20250.0%
Fannie Mae Pool4.000% 05/01/20520.0%
Fannie Mae Pool5.000% 07/01/20520.0%
30-YR UMBS-TBA PROD MAY4.500% 09/01/20540.0%
Fannie Mae Pool3.000% 03/01/20370.0%
BSPRT 2022-FL8 Issuer Ltd5.845% 02/15/20370.0%
Fannie Mae Pool5.000% 07/01/20520.0%
Fannie Mae Pool2.500% 08/01/20510.0%
Fannie Mae Pool4.000% 05/01/20520.0%
Protective Life Corp8.450% 10/15/20390.0%
Perimeter Master Note Business Trust4.170% 12/15/20260.0%
Galaxy Xxviii Clo Ltd5.818% 07/15/20310.0%
Flagship Credit Auto Trust 2019-33.840% 12/15/20260.0%
Freddie Mac Pool2.500% 11/01/20510.0%
US 5YR NOTE (CBT) Jun250.000% 06/30/20250.0%
Carlyle Global Market Strategies CLO 2014-3-R Ltd5.594% 07/27/20310.0%
Baxalta Inc4.000% 06/23/20250.0%
Fannie Mae Pool3.000% 01/01/20520.0%
OneMain Financial Issuance Trust 2020-23.450% 09/14/20350.0%
OneMain Direct Auto Receivables Trust 2019-13.630% 09/14/20270.0%
Fannie Mae Pool3.500% 09/01/20510.0%
Post Road Equipment Finance 2022-14.880% 11/15/20280.0%
Octane Receivables Trust 2022-25.110% 02/22/20280.0%
Citigroup Commercial Mortgage Trust 2016-GC363.849% 02/10/20490.0%
Coterra Energy Inc5.600% 03/15/20340.0%
Occidental Petroleum Corp5.550% 10/01/20340.0%
SG Commercial Mortgage Securities Trust 2019-787E0.456% 02/15/20410.0%
Credit Index Swap5.000% 06/20/20300.0%
Residential Mortgage Loan Trust 2020-12.376% 01/26/20600.0%
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-DSTY3.931% 06/10/20270.0%
FX USD/CAD 06/250.000% 06/13/20250.0%
US 10yr Ultra Fut Jun250.000% 06/18/20250.0%
US ULTRA BOND CBT Jun250.000% 06/18/20250.0%

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 06/18/2025
$0.27648
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 05/31/2025 $0.05455 $12.71
Daily Daily 04/30/2025 $0.05551 $12.81
Daily Daily 03/31/2025 $0.05698 $12.88
Daily Daily 02/28/2025 $0.05428 $12.97
Daily Daily 01/31/2025 $0.05515 $12.76

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 06/30/2025
Daily Daily 07/31/2025
Daily Daily 08/31/2025
Daily Daily 09/30/2025
Daily Daily 10/31/2025
Daily Daily 11/30/2025
Daily Daily 12/31/2025

Yield

Yield

Dividend Yield as of 06/18/2025  

w/o sales charge 5.13%
w/ sales charge 5.02%

Distribution Yield as of 06/18/2025  

5.13%

30-Day Standardized Yield as of 05/31/2025  

  Subsidized Un-Subsidized
w/o sales charge 4.95% 4.95%

Fees & Expenses

Fees & Expenses

Sales Charge Schedule as of 06/18/2025

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $100,000 2.25% 2.00% $13.04
$100,000 to $249,999 1.75% 1.50% $12.98
$250,000 to $499,999 1.25% 1.00% $12.91
Greater than $500,000 0.00% 1.00% $12.75

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 05/31/2025

Fund Gross Expense Ratio 0.63%
Fund Net Expense Ratio 0.63%

Expense ratio details, Click here.

Fund Documents

Fund Documents

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

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

                    

1

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

 

2

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

 

3

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

Average Yield to Maturity is the total rate of return earned when a bond makes all interest payments and repays the original principal.

Distribution Yield is the calculation of cash flow for an investment vehicle, to calculate the distribution yield, the most recent distribution is multiplied by 12 to get an annualized total, which is then divided by the NAV.

 

IMPORTANT INFORMATION

 

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

 

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

 

 

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

 

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

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

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

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

 

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

 

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

 

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

 

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

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

 

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

 

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

 

 

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

 

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

 

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

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

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