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Core Plus Bond Fund

Daily price w/o sales charge as of 01/24/2020

$15.46

arrowUp$0.02

YTD Returns w/o sales charge as of 01/24/2020

1.36%

Overall Morningstar Ratings

Intermediate Core-Plus Bond
as of 12/31/2019

Morningstar rated the Lord Abbett Core Plus Bond Fund class A share 4 stars among 530 Intermediate Core-Plus Bond Funds for the overall rating and the 3 year periods ended 12/31/2019, 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

Dividend Yield 1 as of 01/24/2020  

  Subsidized3 Un-Subsidized4
w/o sales charge 2.88% 1.17%
w/ sales charge 2.81% 1.14%

30-Day Standardized Yield 2 as of 12/31/2019  

  Subsidized3 Un-Subsidized4
w/o sales charge 2.15% 2.03%

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

Expense Ratioas of 12/31/2019

Expense ratio details, Click here.

Fund Basicsas of 12/31/2019

Total Net Assets
$218.85 M
Inception Date
12/08/2015
Dividend Frequency
Monthly (Daily Accrual)
Number of Holdings
597
Minimum Initial Investment
$1,500+

Fund Expense Ratio :

Gross 2.39%

Net 0.68%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge 9.86% 9.86% 4.43% - - 4.50%
Lipper Category Avg. Core Plus Bond Funds 9.31% 9.31% 4.18% - - -
Bloomberg Barclays U.S. Aggregate Bond Index 8.72% 8.72% 4.03% - - 3.55%
w/ sales charge 7.40% 7.40% 3.65% - - 3.92%

Fund Expense Ratio :

Gross 2.39%

Net 0.68%

Fund Expense Ratio :

Gross 2.39%

Net 0.68%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge 9.86% 9.86% 4.43% - - 4.50%
Lipper Category Avg. Core Plus Bond Funds 9.31% 9.31% 4.18% - - -
Bloomberg Barclays U.S. Aggregate Bond Index 8.72% 8.72% 4.03% - - 3.55%
w/ sales charge 7.40% 7.40% 3.65% - - 3.92%

Fund Expense Ratio :

Gross 2.39%

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
MBS
ABS
Investment Grade Corporate
U.S. Government Related
CMBS
High Yield Corporate
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
1-2.99 years
3-4.99 years
5-6.99 years
7-9.99 years
Greater than 10 years

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

Credit Quality Distribution as of 12/31/2019 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

25 Years of Industry Experience

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

Partner & Portfolio Manager

21 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Director of Taxable Fixed Income

18 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Chief Investment Officer

28 Years of Industry Experience

Supported By 64 Investment Professionals with 16 Years Avg. Industry Experience

Contact a Representative

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

Performance

Performance

Dividend Yield 1 as of 01/24/2020  

  Subsidized3 Un-Subsidized4
w/o sales charge 2.88% 1.17%
w/ sales charge 2.81% 1.14%

30-Day Standardized Yield 2 as of 12/31/2019  

  Subsidized5 Un-Subsidized6
w/o sales charge 2.15% 2.03%

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

Fund Expense Ratio :

Gross 2.39%

Net 0.68%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge 9.86% 9.86% 4.43% - - 4.50%
Lipper Category Avg. Core Plus Bond Funds 9.31% 9.31% 4.18% - - -
Bloomberg Barclays U.S. Aggregate Bond Index 8.72% 8.72% 4.03% - - 3.55%
w/ sales charge 7.40% 7.40% 3.65% - - 3.92%

Fund Expense Ratio :

Gross 2.39%

Net 0.68%

Fund Expense Ratio :

Gross 2.39%

Net 0.68%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/08/2015
w/o sales charge 9.86% 9.86% 4.43% - - 4.50%
Lipper Category Avg. Core Plus Bond Funds 9.31% 9.31% 4.18% - - -
Bloomberg Barclays U.S. Aggregate Bond Index 8.72% 8.72% 4.03% - - 3.55%
w/ sales charge 7.40% 7.40% 3.65% - - 3.92%

Fund Expense Ratio :

Gross 2.39%

Net 0.68%

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

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

Portfolio

Portfolio

Rating Assets
MBS
ABS
Investment Grade Corporate
U.S. Government Related
CMBS
High Yield Corporate
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
1-2.99 years
3-4.99 years
5-6.99 years
7-9.99 years
Greater than 10 years

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

Credit Quality Distribution as of 12/31/2019

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 12/31/2019

  • Over the quarter, we decreased the portfolio’s allocation to corporate credit – both investment-grade and high yield – given softer economic data and tighter spreads.
  • We reallocated proceeds from sales within corporate credit and increased the portfolio’s allocation to sectors in the fixed income market which we believe had better relative value in the face of corporate spread tightening– namely commercial mortgage-backed securities (CMBS), asset-backed securities (ABS), and collateralized loan obligations (CLO).
  • Our team favors SASB (single-asset / single-borrower) CMBS deals across the credit spectrum, which have had strong underwriting and, in some cases, lower spread volatility, than conduit deals.
  • In addition, we continue to favor the liquidity that ABS provide, and have found unique pockets of relative value and appealing risk-adjusted spread, primarily in credit card and auto-related ABS.
  • We continue to emphasize liquidity and flexibility within the portfolio and are tactically adjusting risk exposure to favor asset classes that offer what we believe to be the best risk-adjusted carry opportunities and that have lagged within the recent spread tightening. 

Portfolio Details as of 12/31/2019

Total Net Assets
$218.85 M
Number of Issues
597
Average Coupon
3.52%
Average Life
6.95 Years
Average Maturity
6.95 Years
Average Effective Duration
5.5 Years
Average Modified Duration
6.16 Years

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

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

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

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

Holding Coupon Maturity Assets
30-YR UMBS-TBA PROD JAN 3.500% 03/01/2049 21.6%
Japan Treasury Discount Bill 0.000% 01/08/2020 7.3%
30-YR UMBS-TBA PROD JAN 3.000% 05/01/2049 4.9%
U.S. Treasury Note 0.625% 04/15/2023 4.3%
U.S. Treasury Note/Bond 1.750% 11/15/2029 3.8%
United States Treasury Bill 0.000% 01/30/2020 3.5%
United States Treasury Bill 0.000% 05/07/2020 2.6%
30-YR UMBS-TBA PROD JAN 4.000% 03/01/2049 2.0%
U.S. Treasury Note/Bond 3.625% 08/15/2043 1.5%
U.S. Treasury Note/Bond 2.375% 11/15/2049 1.2%
% of Total Assets 52.7%
Holding Coupon Maturity Assets
30-YR UMBS-TBA PROD DEC3.500% 03/01/204921.0%
Japan Treasury Discount Bill0.000% 01/08/20207.9%
30-YR UMBS-TBA PROD DEC3.000% 05/01/20495.2%
United States Treasury Bill0.000% 12/03/20194.7%
U.S. Treasury Note/Bond1.750% 11/15/20294.2%
United States Treasury Bill0.000% 01/30/20203.8%
U.S. Treasury Note/Bond2.250% 08/15/20492.5%
30-YR UMBS-TBA PROD DEC4.000% 03/01/20492.2%
U.S. Treasury Note/Bond3.625% 08/15/20431.7%
Federal Home Loan Bank0.000% 12/06/20191.2%
U.S. Treasury Note0.625% 04/15/20231.2%
VMC Finance 2019-FL3 LLC2.863% 09/15/20360.8%
AT&T, Inc.6.000% 08/15/20400.7%
General Motors Co.6.600% 04/01/20360.7%
Bancorp Commercial Mortgage 2019-CRE6 Trust2.971% 09/15/20360.7%
Bank of America Corp.3.593% 07/21/20280.7%
GS Mortgage Securities Corp Trust 2019-70P2.765% 10/15/20360.6%
UBS AG Registered Shares5.125% 05/15/20240.6%
Sabine Pass Liquefaction LLC5.875% 06/30/20260.6%
Citigroup, Inc.3.887% 01/10/20280.6%
Atrium Hotel Portfolio Trust 2017-ATRM2.695% 12/15/20360.5%
JPMorgan Chase & Co.3.782% 02/01/20280.5%
Time Warner Cable LLC7.300% 07/01/20380.5%
Fifth Third Auto Trust 2019-12.660% 05/16/20220.5%
GS Mortgage Securities Trust 2015-GC302.726% 05/10/20500.5%
Foursight Capital Automobile Receivables Trust 2013.530% 04/17/20230.5%
CPS Auto Trust4.610% 12/15/20220.5%
GS Mortgage Securities Corp Trust 2018-HULA2.685% 07/15/20250.5%
JP Morgan Chase Commercial Mortgage Securities Tru2.765% 06/15/20320.5%
CVS Caremark Corp.4.780% 03/25/20380.5%
First Investors Auto Owner Trust 2019-13.020% 03/17/20250.5%
ReadyCap Commercial Mortgage Trust 2019-62.832% 10/25/20520.5%
Broadcom Inc3.625% 10/15/20240.5%
LoanCore 2019-CRE3 Issuer Ltd2.815% 04/15/20340.4%
Westlake Automobile Receivables Trust 2019-32.150% 02/15/20230.4%
Ford Credit Auto Owner Trust 2015-REV12.120% 07/15/20260.4%
VEREIT Operating Partnership L.P.4.875% 06/01/20260.4%
NextGear Floorplan Master Owner Trust2.560% 10/17/20220.4%
Drive Auto Receivables Trust4.180% 03/15/20240.4%
GS Mortgage Securities Corp Trust 2019-70P3.085% 10/15/20360.4%
Cox Communications, Inc.8.375% 03/01/20390.4%
COMM 2014-UBS4 Mortgage Trust4.863% 08/10/20470.4%
AerCap Ireland Capital Ltd.4.875% 01/16/20240.4%
BAT Capital Corp4.390% 08/15/20370.4%
Bacardi Ltd.4.700% 05/15/20280.4%
GS Mortgage Securities Corp Trust 2019-SMP2.915% 08/15/20320.4%
KVK CLO 2016-1 Ltd4.251% 01/15/20290.4%
AT&T, Inc.6.250% 03/29/20410.4%
Capital One Prime Auto Receivables Trust 2019-22.060% 09/15/20220.4%
Wells Fargo Capital X5.950% 12/15/20360.3%
Nvent Finance Sarl4.550% 04/15/20280.3%
CarMax Auto Owner Trust 2017-43.300% 05/15/20240.3%
Amur Equipment Finance Receivables V LLC3.740% 04/22/20240.3%
Credit Suisse Commercial Mortgage Securities Corp3.015% 01/15/20340.3%
Dell International LLC / EMC Corp.8.350% 07/15/20460.3%
Wabtec Corp.4.700% 09/15/20280.3%
Goldman Sachs Group, Inc.6.250% 02/01/20410.3%
EPR Properties4.950% 04/15/20280.3%
Ford Credit Floorplan Master Owner Trust A1.980% 01/15/20220.3%
Qatar Government International Bond3.250% 06/02/20260.3%
Americredit Automobile Receivables Trust 2018-13.500% 01/18/20240.3%
Ford Motor Co.7.450% 07/16/20310.3%
General Electric Co.5.000% 12/31/20990.3%
Occidental Petroleum Corp.7.875% 09/15/20310.3%
Federal National Mortgage Assoc.4.000% 01/01/20480.3%
Westlake Automobile Receivables Trust 2018-33.320% 10/16/20230.3%
GS Mortgage Securities Corp Trust 2019-70P0.506% 10/15/20360.3%
AmeriCredit Automobile Receivables Trust 2017-32.240% 06/19/20230.3%
Drive Auto Receivables Trust4.160% 05/15/20240.3%
Verizon Communications, Inc.3.258% 05/15/20250.3%
Caesars Palace Las Vegas Trust 2017-VICI3.835% 10/15/20340.3%
Chesapeake Funding II LLC1.990% 05/15/20290.3%
COMM 2015-DC1 Mortgage Trust4.408% 02/10/20480.3%
Textainer Marine Containers VII Ltd4.110% 07/20/20430.3%
Honda Auto Receivables 2019-3 Owner Trust1.850% 08/15/20250.3%
Universal Health Services, Inc.5.000% 06/01/20260.3%
Capital Auto Receivables Asset Trust 2017-12.020% 08/20/20210.3%
PerkinElmer, Inc.3.300% 09/15/20290.3%
Discover Bank4.682% 08/09/20280.3%
GS Mortgage Securities Corp Trust 2019-SMP3.265% 08/15/20320.3%
M360 2019-CRE2 LLC3.615% 09/15/20340.3%
Drive Auto Receivables Trust 2019-42.320% 06/15/20220.3%
Carvana Auto Receivables Trust 2019-15.640% 01/15/20260.3%
Imperial Tobacco Finance plc3.875% 07/26/20290.3%
Discover Financial Services4.100% 02/09/20270.3%
Wells Fargo Commercial Mortgage Trust4.420% 07/15/20460.3%
American Express Credit Account Master Trust2.860% 11/15/20240.3%
Bristol Park CLO LTD9.251% 04/15/20290.3%
World Omni Auto Receivables Trust 2017-A1.930% 09/15/20220.3%
Perimeter Master Note Business Trust6.020% 12/15/20220.3%
Triton Container Finance VI LLC4.190% 06/22/20430.3%
Ammc Clo 19 Ltd.3.801% 10/16/20280.3%
Avid Automobile Receivables Trust 2019-12.620% 02/15/20240.2%
Avid Automobile Receivables Trust 2019-12.820% 07/15/20260.2%
Avid Automobile Receivables Trust 2019-13.140% 07/15/20260.2%
PFP 2019-6 Ltd0.000% 04/14/20370.2%
Octagon Investment Partners 30 Ltd3.666% 03/17/20300.2%
Ammc Clo 19 Ltd.4.551% 10/16/20280.2%
Synchrony Credit Card Master Note Trust2.370% 03/15/20230.2%
Benchmark 2019-B12 Mortgage Trust3.555% 08/15/20520.2%
Royal Caribbean Cruises Ltd.3.700% 03/15/20280.2%
Valero Energy Corp.10.500% 03/15/20390.2%
Foursight Capital Automobile Receivables Trust 2015.560% 01/16/20240.2%
AerCap Ireland Capital Ltd.3.650% 07/21/20270.2%
Federal Home Loan Mortgage Corp.4.000% 10/01/20490.2%
Morgan Stanley3.625% 01/20/20270.2%
Avolon Holdings Funding Ltd5.250% 05/15/20240.2%
Ghana Government International Bond7.875% 08/07/20230.2%
Anglo American Capital plc4.750% 04/10/20270.2%
Carmax Auto Owner Trust 2019-42.600% 09/15/20250.2%
First Investors Auto Owner Trust 2019-22.210% 09/16/20240.2%
FX USD/JPY 01/200.000% 01/08/20200.2%
Glencore Finance Canada Ltd.5.550% 10/25/20420.2%
Natixis Commercial Mortgage Securities Trust 2019-0.633% 10/15/20360.2%
First Investors Auto Owner Trust 2019-22.710% 12/15/20250.2%
Carmax Auto Owner Trust 2019-42.320% 07/15/20250.2%
NRG Energy, Inc.4.450% 06/15/20290.2%
Saudi Government International Bond3.625% 03/04/20280.2%
Park Aerospace Holdings Ltd5.500% 02/15/20240.2%
Protective Life Corp.8.450% 10/15/20390.2%
TRTX 2019-FL3 Issuer Ltd3.833% 09/15/20340.2%
CNAC HK Finbridge Co Ltd3.500% 07/19/20220.2%
CarMax Auto Owner Trust 2017-31.970% 04/15/20220.2%
CPS Auto Receivables Trust 2019-D2.350% 11/15/20230.2%
CPS Auto Receivables Trust 2019-D2.540% 08/15/20240.2%
World Omni Automobile Lease Securitization Trust 22.830% 07/15/20210.2%
COMM Mortgage Trust4.584% 07/10/20500.2%
SCF Equipment Leasing 2019-2 LLC2.760% 08/20/20260.2%
World Omni Automobile Lease Securitization Trust 22.890% 11/15/20210.2%
Jamestown CLO VI-R Ltd3.090% 04/25/20300.2%
Carvana Auto Receivables Trust 2019-32.420% 04/15/20220.2%
Centennial Resource Production LLC6.875% 04/01/20270.2%
Drive Auto Receivables Trust 2019-42.700% 02/16/20270.2%
Global Atlantic Fin Co4.400% 10/15/20290.2%
CF Trust 2019-MF13.415% 08/21/20320.2%
Aircastle Ltd.4.250% 06/15/20260.2%
Goodman US Finance Three LLC3.700% 03/15/20280.2%
Nissan Auto Receivables 2017-C Owner Trust2.120% 04/18/20220.2%
Teachers Insurance & Annuity Association of Americ4.900% 09/15/20440.2%
CF Trust 2019-MF13.715% 08/21/20320.2%
Petroleos Mexicanos5.350% 02/12/20280.2%
Toronto-Dominion Bank3.625% 09/15/20310.2%
Ford Credit Floorplan Master Owner Trust A2.390% 08/15/20220.2%
BBCMS 2019-BWAY Mortgage Trust3.410% 11/25/20340.2%
Credit Suisse Mortgage Capital Certificates 2019-I2.745% 05/15/20360.2%
Exelon Generation Co. LLC5.750% 10/01/20410.2%
JP Morgan Chase Commercial Mortgage Securities Tru3.065% 06/15/20320.2%
First Investors Auto Owner Trust 2018-23.230% 12/15/20220.2%
Prestige Auto Receivables Trust 2017-13.610% 10/16/20230.2%
Ecopetrol S.A.4.125% 01/16/20250.2%
PFP 2019-6 Ltd0.000% 04/14/20370.2%
Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worl4.700% 02/01/20360.2%
Trimble Navigation Ltd.4.900% 06/15/20280.2%
JP Morgan Chase Commercial Mortgage Securities Cor6.115% 09/15/20290.2%
JP Morgan Chase Commercial Mortgage Securities Cor7.115% 09/15/20290.2%
JP Morgan Chase Commercial Mortgage Securities Cor4.415% 09/15/20290.2%
JP Morgan Chase Commercial Mortgage Securities Cor5.115% 09/15/20290.2%
JP Morgan Chase Commercial Mortgage Securities Cor3.515% 09/15/20290.2%
NGPL Pipeco LLC4.875% 08/15/20270.2%
Neuberger Berman Group LLC4.875% 04/15/20450.2%
Westpac Banking Corp.4.110% 07/24/20340.2%
SM Energy Co.6.625% 01/15/20270.2%
Global Aircraft Leasing Co Ltd6.500% 09/15/20240.2%
Catholic Health Initiatives3.347% 10/01/20290.2%
MEG Energy Corp.7.000% 03/31/20240.2%
Banco de Credito e Inversiones3.500% 10/12/20270.1%
Petroleos Mexicanos4.500% 01/23/20260.1%
AmeriCredit Automobile Receivables Trust 2015-33.340% 08/08/20210.1%
SCF Equipment Leasing 2019-2 LLC3.110% 06/21/20270.1%
Oglethorpe Power Corp.5.050% 10/01/20480.1%
Owens Corning4.300% 07/15/20470.1%
Tencent Holdings Ltd.3.595% 01/19/20280.1%
PSEG Power LLC8.625% 04/15/20310.1%
Royal Caribbean Cruises Ltd.7.500% 10/15/20270.1%
DPL, Inc.4.350% 04/15/20290.1%
SOUND POINT CLO XVII3.566% 10/20/20300.1%
GS Mortgage Securities Corp Trust 2019-SMP0.587% 08/15/20320.1%
Navient Corp.6.750% 06/25/20250.1%
Towd Point Mortgage Trust 2019-HY22.708% 05/25/20580.1%
United Mexican States, MTN3.750% 01/11/20280.1%
Drive Auto Receivables Trust 2019-42.840% 11/17/20250.1%
JBS USA LUX SA / JBS USA Food Co / JBS USA Finance6.500% 04/15/20290.1%
BSPRT 2018-FL4 Issuer Ltd2.815% 09/15/20350.1%
Scripps Escrow Inc5.875% 07/15/20270.1%
General Electric Co.6.150% 08/07/20370.1%
Valeant Pharmaceuticals International, Inc.9.250% 04/01/20260.1%
CNAC HK Finbridge Co Ltd4.125% 07/19/20270.1%
Japan Bank for International Cooperation/Japan2.125% 02/10/20250.1%
Stars Group Holdings BV / Stars Group US Co-Borrow7.000% 07/15/20260.1%
Petrobras Global Finance BV7.250% 03/17/20440.1%
National Australia Bank Ltd.3.933% 08/02/20340.1%
M360 2019-CRE2 LLC4.015% 09/15/20340.1%
E*TRADE Financial Corp.3.800% 08/24/20270.1%
Credit Acceptance Auto Loan Trust 2017-33.480% 10/15/20260.1%
Avery Point VII CLO Ltd4.451% 01/15/20280.1%
Greywolf CLO IV Ltd3.952% 04/17/20300.1%
CIFC Funding 2017-I Ltd3.326% 04/23/20290.1%
BX Commercial Mortgage Trust 2019-XL3.765% 10/15/20360.1%
Newark BSL CLO 1 Ltd3.456% 12/21/20290.1%
Ares XLI Clo Ltd3.201% 01/15/20290.1%
Avery Point VII CLO Ltd3.751% 01/15/20280.1%
Jamestown CLO IX Ltd4.616% 10/20/20280.1%
Sound Point Clo XII Ltd3.766% 10/20/20280.1%
AmeriCredit Automobile Receivables Trust 2019-32.170% 01/18/20230.1%
Oaktree CLO 2014-13.195% 05/13/20290.1%
Panther BF Aggregator 2 LP / Panther Finance Co In8.500% 05/15/20270.1%
OHA Loan Funding 2016-1 Ltd3.766% 01/20/20280.1%
Westlake Automobile Receivables Trust 2019-13.450% 03/15/20240.1%
KKR Clo 17 Ltd3.651% 04/15/20290.1%
Benefit Street Partners CLO XI3.751% 04/15/20290.1%
ENI SpA5.700% 10/01/20400.1%
KKR CLO 18 Ltd3.703% 07/18/20300.1%
Citigroup Commercial Mortgage Trust 2016-GC362.850% 02/10/20490.1%
Penn National Gaming, Inc.5.625% 01/15/20270.1%
Dollar Tree, Inc.4.200% 05/15/20280.1%
Gray Television, Inc.7.000% 05/15/20270.1%
Clear Creek CLO4.916% 10/20/20300.1%
Westlake Automobile Receivables Trust 2018-23.500% 01/16/20240.1%
Japan Bank for International Cooperation/Japan2.500% 05/23/20240.1%
American Express Credit Account Master Trust1.770% 11/15/20220.1%
Macquarie Group Ltd.4.654% 03/27/20290.1%
Hardee's Funding LLC5.710% 06/20/20480.1%
Dominion Gas Holdings LLC4.600% 12/15/20440.1%
Danske Bank A/S5.375% 01/12/20240.1%
TransDigm, Inc.6.375% 06/15/20260.1%
Perusahaan Listrik Negara PT5.250% 10/24/20420.1%
CF Trust 2019-BOSS4.953% 12/15/20210.1%
CSAIL 2019-C18 Commercial Mortgage Trust3.321% 12/15/20520.1%
Berkshire Hathaway Energy Co.3.800% 07/15/20480.1%
Bahamas Government International Bond6.000% 11/21/20280.1%
TAP-Transportes Aereos Portugueses SGPS SA5.625% 12/02/20240.1%
Kernel Holding SA8.750% 01/31/20220.1%
BWAY Holding Co.7.250% 04/15/20250.1%
GM Financial Automobile Leasing Trust 2019-22.670% 06/21/20210.1%
Nigeria Government International Bond6.375% 07/12/20230.1%
CBB International Sukuk Co 6 Spc5.250% 03/20/20250.1%
CSN Resources SA7.625% 02/13/20230.1%
Pertamina Persero PT4.700% 07/30/20490.1%
Angolan Government International Bond8.250% 05/09/20280.1%
Mexichem SAB de CV4.875% 09/19/20220.1%
Bermuda Government International Bond3.717% 01/25/20270.1%
Oasis Petroleum, Inc.6.875% 03/15/20220.1%
Alibaba Group Holding Ltd.3.600% 11/28/20240.1%
Empresas Publicas de Medellin ESP4.250% 07/18/20290.1%
Kenya Government International Bond7.000% 05/22/20270.1%
Egypt Government International Bond6.588% 02/21/20280.1%
MHP Lux SA6.950% 04/03/20260.1%
Minerva Luxembourg SA5.875% 01/19/20280.1%
Centene Corp.4.625% 12/15/20290.1%
Turkiye Garanti Bankasi AS5.875% 03/16/20230.1%
QEP Resources, Inc.5.625% 03/01/20260.1%
Sri Lanka (Democratic Socialist Republic of)6.250% 07/27/20210.1%
Turkiye Vakiflar Bankasi Tao5.625% 05/30/20220.1%
Citigroup, Inc.3.980% 03/20/20300.1%
Eskom Holdings SOC Ltd.5.750% 01/26/20210.1%
Saudi Arabian Oil Co2.875% 04/16/20240.1%
Country Garden Holdings Co. Ltd.4.750% 09/28/20230.1%
Netflix, Inc.6.375% 05/15/20290.1%
Egypt Government International Bond4.550% 11/20/20230.1%
Elm CLO 2014-1 Ltd3.752% 01/17/20290.1%
Wells Fargo Commercial Mortgage Trust 2017-HSDB2.613% 12/13/20310.1%
ViaSat, Inc.5.625% 04/15/20270.1%
IRB Holding Corp6.750% 02/15/20260.1%
Tesla Motors, Inc.5.300% 08/15/20250.1%
Navicure Inc5.702% 09/18/20260.1%
Wyndham Worldwide Corp.5.750% 04/01/20270.1%
Forterra, Inc.0.000% 10/25/20230.1%
AbbVie, Inc.4.250% 11/21/20490.1%
BBCMS 2019-BWAY Mortgage Trust2.756% 11/25/20340.1%
Healthcare Trust of America Holdings LP3.100% 02/15/20300.1%
Coty, Inc.6.500% 04/15/20260.1%
Dominion Resources, Inc.7.000% 06/15/20380.1%
Chobani LLC / Chobani Finance Corp Inc7.500% 04/15/20250.1%
Helix Gen Funding, LLC5.452% 06/03/20240.1%
Petrobras Global Finance BV5.093% 01/15/20300.1%
Spirit Realty LP3.400% 01/15/20300.1%
Pennsylvania Electric Co.3.600% 06/01/20290.1%
CSMC 2017-HD Trust2.715% 02/15/20310.1%
Enviva Partners LP / Enviva Partners Finance Corp6.500% 01/15/20260.1%
Baker Hughes a GE Co LLC / Baker Hughes Co-Obligor4.080% 12/15/20470.1%
Chesapeake Funding II LLC1.910% 08/15/20290.1%
Yak Access LLC12.319% 07/10/20260.1%
BB-UBS Trust3.430% 11/05/20360.1%
Ally Financial, Inc.8.000% 11/01/20310.1%
Republic of El Salvador6.375% 01/18/20270.1%
Century Communities, Inc.6.750% 06/01/20270.1%
Transocean Proteus Ltd.6.250% 12/01/20240.1%
Global Payments, Inc.3.200% 08/15/20290.1%
Laredo Petroleum Holdings, Inc.5.625% 01/15/20220.1%
Airxcel, Inc.6.202% 04/28/20250.1%
Brink's Co/The4.625% 10/15/20270.1%
Wells Fargo Commercial Mortgage Trust 2014-LC163.817% 08/15/20500.1%
Cliffs Natural Resources, Inc.5.750% 03/01/20250.1%
Capital Auto Receivables Asset Trust 2018-12.790% 01/20/20220.1%
LMREC 2019-CRE3 Inc3.567% 12/22/20350.1%
Prima Capital CRE Securitization 2019-RK1 Ltd4.000% 04/15/20380.1%
BAMLL Trust4.420% 07/11/20330.1%
Cent CLO Ltd.3.258% 10/29/20250.1%
BX Commercial Mortgage Trust 2019-XL3.215% 10/15/20360.1%
Match Group, Inc.5.625% 02/15/20290.1%
Mattel, Inc.6.750% 12/31/20250.1%
Assurant, Inc.3.700% 02/22/20300.1%
Las Vegas Sands Corp.3.900% 08/08/20290.1%
Cheniere Corpus Christi Holdings LLC3.700% 11/15/20290.1%
Dominican Republic International Bond6.400% 06/05/20490.1%
Sprint Capital Corp.6.875% 11/15/20280.1%
Wells Fargo Commercial Mortgage Trust 2017-C413.785% 11/15/20500.1%
GS Mortgage Securities Trust3.557% 04/10/20310.1%
Calpine Corp.5.750% 01/15/20250.1%
Drive Auto Receivables Trust 2017-33.530% 12/15/20230.1%
National Oilwell Varco, Inc.3.950% 12/01/20420.1%
BX Commercial Mortgage Trust 2019-XL3.015% 10/15/20360.1%
SCF Equipment Leasing 2019-1 LLC3.920% 11/20/20260.1%
CF Industries, Inc.4.950% 06/01/20430.1%
CCO Holdings LLC / CCO Holdings Capital Corp.5.000% 02/01/20280.1%
OneMain Financial Issuance Trust 2019-13.480% 02/14/20310.1%
DISH DBS Corp.7.750% 07/01/20260.1%
United Rentals, Inc.4.875% 01/15/20280.1%
Hub International Ltd.7.000% 05/01/20260.1%
Fontainebleau Miami Beach Trust 2019-FBLU3.144% 12/10/20360.1%
Dell International LLC / EMC Corp6.020% 06/15/20260.1%
CoreVest American Finance 2018-1 Trust3.804% 06/15/20510.1%
Aquarion Co.4.000% 08/15/20240.1%
BBA US Holdings Inc4.000% 03/01/20280.1%
Exeter Automobile Receivables Trust 2017-33.680% 07/17/20230.1%
Ashtead Capital, Inc.4.250% 11/01/20290.1%
Toll Brothers Finance Corp.4.350% 02/15/20280.1%
Vistra Operations Co LLC4.300% 07/15/20290.1%
Berry Petroleum Co.7.000% 02/15/20260.1%
Fibria Overseas Finance Ltd.4.000% 01/14/20250.1%
AXIS Specialty Finance LLC3.900% 07/15/20290.1%
Fidelity National Financial Group4.500% 08/15/20280.1%
Morgan Stanley4.000% 07/23/20250.1%
A10 Bridge Asset Financing LLC3.300% 05/15/20360.1%
Fairstone Financial Issuance Trust I6.299% 03/21/20330.1%
Brand Energy & Infrastructure Services Inc8.500% 07/15/20250.1%
Great American Auto Leasing Inc 2019-13.210% 02/18/20250.1%
Sinclair Broadcast Group, Inc.5.125% 02/15/20270.1%
Warrior Met Coal Inc8.000% 11/01/20240.1%
TAL Advantage VI LLC4.500% 04/20/20420.1%
Williams Scotsman International Inc6.875% 08/15/20230.1%
Intelsat Jackson Holdings SA8.500% 10/15/20240.1%
Hyundai Floorplan Master Owner Trust2.680% 04/15/20240.1%
Planet Fitness Master Issuer LLC4.666% 09/05/20480.1%
Prima Capital CRE Securitization 2019-RK1 Ltd4.450% 04/15/20380.1%
SURA Asset Management SA4.875% 04/17/20240.1%
ProAmpac PG Borrower LLC5.389% 11/20/20230.1%
Santander Drive Auto Receivables Trust 2017-32.760% 12/15/20220.1%
J.P. Morgan Chase Commercial Mortgage Securities T3.392% 06/05/20320.1%
First National Master Note Trust 2018-12.225% 10/15/20240.1%
Caesars Palace Las Vegas Trust 2017-VICI4.138% 10/15/20340.1%
Longtrain Leasing III LLC 2015-14.060% 01/15/20450.1%
Citigroup Commercial Mortgage Trust 2016-GC363.849% 02/10/20490.1%
OneMain Financial Issuance Trust 2018-23.570% 03/14/20330.1%
Wells Fargo Commercial Mortgage Trust 2016-C354.176% 07/15/20480.1%
Citigroup Commercial Mortgage Trust3.251% 05/10/20350.1%
Fontainebleau Miami Beach Trust 2019-FBLU3.447% 12/10/20360.1%
NextGear Floorplan Master Owner Trust4.010% 10/15/20230.1%
West Town Mall Trust 2017-KNOX3.823% 07/05/20300.1%
American Express Credit Account Master Trust3.070% 10/15/20240.1%
Prestige Auto Receivables Trust 2019-13.900% 05/15/20260.1%
ACC Trust 2019-14.470% 10/20/20220.1%
BWAY 2015-1740 Mortgage Trust2.917% 01/10/20350.1%
Genesis Sales Finance Master Trust Series 2019-A5.420% 08/20/20230.1%
Commercial Mortgage Pass Through Certificates3.400% 10/05/20300.1%
CPS Auto Receivables Trust 2017-C3.790% 06/15/20230.1%
Owens Corning7.000% 12/01/20360.1%
PFS Financing Corp.2.890% 02/15/20230.1%
ACC Trust 2018-14.820% 05/20/20210.1%
BAMLL Commercial Mortgage Securities Trust 2019-AH3.365% 03/15/20340.1%
JP Morgan Chase Commercial Mortgage Securities Tru3.742% 09/05/20320.1%
DBWF 2018-GLKS Mortgage Trust2.763% 11/19/20350.1%
BDS 2019-FL3 LTD3.133% 12/15/20350.1%
BX Commercial Mortgage Trust 2019-XL3.565% 10/15/20360.1%
GS Mortgage Securities Corp Trust 2018-RIVR2.715% 07/15/20350.1%
Atrium Hotel Portfolio Trust 2018-ATRM2.715% 06/15/20350.0%
Exantas Capital Corp 2019-RSO7 Ltd3.224% 04/15/20360.0%
Great Wolf Trust 2017-WOLF2.615% 09/15/20340.0%
Provincia de Mendoza Argentina8.375% 05/19/20240.0%
Synchrony Credit Card Master Note Trust2.640% 03/15/20230.0%
Exantas Capital Corp 2019-RSO7 Ltd2.724% 04/15/20360.0%
BHP Trust 2019-BXHP4.333% 08/15/20360.0%
Allegion plc3.500% 10/01/20290.0%
American Credit Acceptance Receivables Trust 2019-3.050% 05/12/20230.0%
Popular, Inc.6.125% 09/14/20230.0%
Textainer Marine Containers VII Ltd3.960% 04/20/20440.0%
Honda Auto Receivables 2019-1 Owner Trust2.750% 09/20/20210.0%
Cardtronics Inc / Cardtronics USA Inc5.500% 05/01/20250.0%
Tronox Inc6.500% 04/15/20260.0%
Drive Auto Receivables Trust 2017-13.840% 03/15/20230.0%
Pentair Finance SA4.500% 07/01/20290.0%
COMM 2016-COR1 Mortgage Trust3.494% 10/10/20490.0%
Eni USA Inc7.300% 11/15/20270.0%
BBCMS 2019-BWAY Mortgage Trust3.110% 11/25/20340.0%
Morgan Stanley3.875% 01/27/20260.0%
SLM Student Loan Trust 2007-32.000% 01/25/20220.0%
Barrick North America Finance LLC7.500% 09/15/20380.0%
Tenet Healthcare Corp.6.250% 02/01/20270.0%
Aqua America, Inc.3.566% 05/01/20290.0%
Affiliated Managers Group, Inc.3.500% 08/01/20250.0%
Intertape Polymer Group Inc7.000% 10/15/20260.0%
TRI Pointe Homes LLC5.250% 06/01/20270.0%
Broadcom Corp. / Broadcom Cayman Finance Ltd.3.625% 01/15/20240.0%
ME Funding LLC 2019-16.448% 07/30/20490.0%
CPS Auto Receivables Trust 2018-A2.770% 04/18/20220.0%
Ford Credit Floorplan Master Owner Trust A3.060% 04/15/20260.0%
Exelon Generation Co. LLC5.600% 06/15/20420.0%
Freeport-McMoRan, Inc.3.875% 03/15/20230.0%
AMC Networks, Inc.4.750% 08/01/20250.0%
Sinclair Broadcast Group, Inc.5.875% 03/15/20260.0%
California Republic Auto Receivables Trust 2017-12.910% 12/15/20220.0%
Drive Auto Receivables Trust3.660% 11/15/20240.0%
AREIT 2018-CRE2 Trust2.743% 11/14/20350.0%
Ahern Rentals, Inc.7.375% 05/15/20230.0%
Bayer Corp6.650% 02/15/20280.0%
American Express Credit Account Master Trust2.215% 09/16/20240.0%
Capital One Multi-Asset Execution Trust2.275% 09/16/20240.0%
Santander UK plc7.950% 10/26/20290.0%
RETL 2019-RVP3.865% 03/15/20360.0%
BX Commercial Mortgage Trust 2018-BIOA2.436% 03/15/20370.0%
JP Morgan Chase Commercial Mortgage Securities Tru3.931% 06/10/20270.0%
Ashland, Inc.6.875% 05/15/20430.0%
Stonemont Portfolio Trust 2017-STONE5.324% 08/20/20300.0%
Stonemont Portfolio Trust 2017-STONE4.474% 08/20/20300.0%
BBCMS 2018-TALL Mortgage Trust4.202% 03/15/20370.0%
Surgery Center Holdings, Inc.10.000% 04/15/20270.0%
QEP Resources, Inc.5.250% 05/01/20230.0%
RegionalCare Hospital Partners Holdings Inc / Life9.750% 12/01/20260.0%
First Investors Auto Owner Trust 2019-12.890% 03/15/20240.0%
Enterprise Fleet Financing LLC2.870% 10/20/20230.0%
Fresenius Medical Care US Finance II, Inc.4.750% 10/15/20240.0%
Eoc Group Inc4.952% 02/28/20250.0%
Westlake Automobile Receivables Trust 2019-23.200% 11/15/20240.0%
COMM Mortgage Trust4.290% 07/10/20500.0%
SCF Equipment Leasing 2018-1 LLC3.630% 10/20/20240.0%
Wells Fargo Commercial Mortgage Trust4.244% 05/15/20480.0%
SCF Equipment Leasing 2019-1 LLC3.040% 03/20/20230.0%
Kratos Defense & Security Solutions Inc6.500% 11/30/20250.0%
1345 Avenue of the Americas & Park Avenue Plaza Tr5.278% 08/10/20350.0%
Hilton Orlando Trust 2018-ORL3.465% 12/15/20340.0%
BX Trust 2018-GW2.565% 05/15/20350.0%
COMM Mortgage Trust4.584% 07/10/20500.0%
COMM Mortgage Trust4.349% 12/10/20470.0%
WFRBS Commercial Mortgage Trust5.048% 08/15/20450.0%
U.S. Treasury Note/Bond2.750% 11/15/20470.0%
WFRBS Commercial Mortgage Trust4.471% 03/15/20480.0%
Natixis Commercial Mortgage Securities Trust 2018-3.917% 11/15/20320.0%
Natixis Commercial Mortgage Securities Trust 2018-3.917% 11/15/20320.0%
GS Mortgage Securities Trust4.667% 11/10/20470.0%
JP Morgan Chase Commercial Mortgage Securities Tru3.865% 06/15/20320.0%
EPR Properties4.500% 06/01/20270.0%
JP Morgan Chase Commercial Mortgage Securities Tru4.765% 06/15/20350.0%
SCF Equipment Leasing 2017-2 LLC3.410% 12/20/20230.0%
Toll Brothers Finance Corp.4.875% 03/15/20270.0%
American Credit Acceptance Receivables Trust 2016-6.090% 05/12/20220.0%
Universal Health Services, Inc.4.750% 08/01/20220.0%
Ecopetrol S.A.5.875% 05/28/20450.0%
GM Financial Automobile Leasing Trust 2019-22.670% 03/21/20220.0%
Hilton Orlando Trust 2018-ORL2.535% 12/15/20340.0%
BMW Vehicle Lease Trust 2019-12.790% 03/22/20210.0%
The Royal Bank of Scotland Group PLC6.125% 12/15/20220.0%
Surgery Center Holdings, Inc.6.750% 07/01/20250.0%
Orange Lake Timeshare Trust 2019-A3.060% 04/09/20380.0%
Citigroup, Inc.4.450% 09/29/20270.0%
Summit Materials LLC5.125% 06/01/20250.0%
Government National Mortgage Association2.700% 08/16/20580.0%
Caesars Palace Las Vegas Trust 2017-VICI3.531% 10/15/20340.0%
Westlake Automobile Receivables Trust 2018-12.670% 05/17/20210.0%
Drive Auto Receivables Trust 2017-32.800% 07/15/20220.0%
PHEAA Student Loan Trust I2.210% 04/25/20380.0%
Diamond Resorts Owner Trust4.110% 10/22/20290.0%
Charter Communications Operating LLC6.484% 10/23/20450.0%
SG Commercial Mortgage Securities Trust 2019-787E0.456% 02/15/20410.0%
JP Morgan Chase Commercial Mortgage Securities Tru3.365% 06/15/20320.0%
Government National Mortgage Association2.750% 02/16/20580.0%
Government National Mortgage Association2.700% 04/16/20570.0%
YPF S.A.8.500% 03/23/20210.0%
JP Morgan Chase Commercial Mortgage Securities Cor4.767% 07/05/20310.0%
Government National Mortgage Association2.600% 06/16/20570.0%
Fifth Third Auto Trust 2019-12.690% 11/16/20260.0%
Drive Auto Receivables Trust 2019-22.930% 03/15/20220.0%
Hardee's Funding LLC4.959% 06/20/20480.0%
Motel 6 Trust 2017-MTL65.015% 08/15/20340.0%
Caesars Palace Las Vegas Trust 2017-VICI4.499% 10/15/20340.0%
Ausgrid Finance Pty Ltd4.350% 08/01/20280.0%
Mercedes-Benz Auto Lease Trust 2018-B3.040% 12/15/20200.0%
WFRBS Commercial Mortgage Trust3.488% 09/15/20570.0%
JP Morgan Chase Commercial Mortgage Securities Tru3.024% 07/05/20330.0%
Shelter Growth CRE 2018-FL1 Issuer Ltd2.765% 01/15/20350.0%
WFRBS Commercial Mortgage Trust3.863% 03/15/20480.0%
ReadyCap Commercial Mortgage Trust 2018-43.390% 02/27/20510.0%
California Republic Auto Receivables Trust 2015-43.730% 11/15/20210.0%
Interest Rate Swap0.000% 04/01/20210.0%
South Carolina Electric & Gas Co.6.050% 01/15/20380.0%
Drive Auto Receivables Trust3.720% 09/16/20240.0%
Capital Auto Receivables Asset Trust3.340% 03/22/20210.0%
Orec 2018-CRE1 Ltd2.945% 06/15/20360.0%
World Financial Network Credit Card Master Trust2.660% 08/15/20240.0%
Norbord, Inc.6.250% 04/15/20230.0%
HCA, Inc.5.500% 06/15/20470.0%
Citigroup Commercial Mortgage Trust 2016-P32.804% 04/15/20490.0%
Neuberger Berman Group LLC4.500% 03/15/20270.0%
Solera Finance, Inc.10.500% 03/01/20240.0%
Bank of America Corp.3.824% 01/20/20280.0%
Goldman Sachs Group, Inc.6.750% 10/01/20370.0%
E*TRADE Financial Corp.4.500% 06/20/20280.0%
CarMax Auto Owner Trust2.880% 10/15/20210.0%
Commercial Mortgage Backed Index Swap0.350% 10/17/20570.0%
Macquarie Bank Ltd.6.625% 04/07/20210.0%
BAT Capital Corp3.557% 08/15/20270.0%
AmeriCredit Automobile Receivables Trust 2017-22.970% 03/20/20230.0%
General Electric Co.2.667% 05/05/20260.0%
SLIDE 2018-FUN3.615% 06/15/20310.0%
Government National Mortgage Association2.700% 07/16/20570.0%
Access Point Funding I 2017-1 LLC3.060% 04/15/20290.0%
Discover Card Execution Note Trust3.040% 07/15/20240.0%
First Investors Auto Owner Trust2.410% 12/15/20220.0%
Government National Mortgage Association2.650% 11/16/20500.0%
Carnival plc7.875% 06/01/20270.0%
Government National Mortgage Association2.750% 02/16/20580.0%
Exelon Generation Co. LLC6.250% 10/01/20390.0%
Orange Lake Timeshare Trust 2015-A2.880% 09/08/20270.0%
Quality Distribution, Inc.10.604% 08/18/20230.0%
DLL 2018-2 LLC3.140% 10/20/20200.0%
Brightsphere Investment Group Inc4.800% 07/27/20260.0%
World Omni Select Auto Trust 2018-13.240% 04/15/20220.0%
EPR Properties4.750% 12/15/20260.0%
TCF Auto Receivables Owner Trust 2016-PT12.920% 10/17/20220.0%
JP Morgan Chase Commercial Mortgage Securities Tru4.950% 07/05/20330.0%
Government National Mortgage Association2.600% 07/16/20580.0%
JP Morgan Chase Commercial Mortgage Securities Tru4.549% 07/05/20330.0%
BCD Acquisition, Inc.9.625% 09/15/20230.0%
Caesars Palace Las Vegas Trust 2017-VICI4.499% 10/15/20340.0%
COMM Mortgage Trust4.584% 07/10/20500.0%
JPMBB Commercial Mortgage Securities Trust4.410% 07/15/20480.0%
Flagship Credit Auto Trust 2017-32.590% 07/15/20220.0%
J.P. Morgan Chase Commercial Mortgage SecuritiesTr2.934% 11/15/20350.0%
J.P. Morgan Chase Commercial Mortgage SecuritiesTr3.264% 11/15/20350.0%
JP Morgan Chase Commercial Mortgage Securities Tru2.724% 07/05/20330.0%
Intelsat Jackson Holdings SA5.500% 08/01/20230.0%
American Credit Acceptance Receivables Trust 2018-3.380% 12/13/20210.0%
Dell International LLC / EMC Corp.5.450% 06/15/20230.0%
Americredit Automobile Receivables Trust 2018-32.013% 01/18/20220.0%
Americredit Automobile Receivables Trust 2018-33.110% 01/18/20220.0%
Time Warner Entertainment Co. L.P.8.375% 07/15/20330.0%
Commercial Mortgage Backed Index Swap3.000% 11/18/20540.0%
South Carolina Electric & Gas Co.6.625% 02/01/20320.0%
California Republic Auto Receivables Trust 2016-22.520% 05/16/20220.0%
Bancorp Commercial Mortgage 2018-CRE3 Trust/The2.615% 01/15/20330.0%
JP Morgan Chase Commercial Mortgage Securities Tru2.829% 10/15/20450.0%
Kinross Gold Corp.5.950% 03/15/20240.0%
Bank of America Corp.4.000% 01/22/20250.0%
PPL Corp.5.200% 07/15/20410.0%
Eoc Group Inc3.439% 02/26/20260.0%
ACC Trust 2018-13.700% 12/21/20200.0%
Flagship Credit Auto Trust 2018-12.590% 06/15/20220.0%
Affiliated Managers Group, Inc.4.250% 02/15/20240.0%
Drive Auto Receivables Trust3.340% 09/15/20220.0%
Foursight Capital Automobile Receivables Trust 2012.870% 10/15/20210.0%
GM Financial Automobile Leasing Trust 2017-32.010% 11/20/20200.0%
Pennsylvania5.350% 05/01/20300.0%
Tapstone Energy LLC / Tapstone Energy Finance Corp9.750% 06/01/20220.0%
Flagship Credit Auto Trust 2017-42.070% 04/15/20220.0%
Commercial Mortgage Backed Index Swap3.000% 11/18/20540.0%
Ascentium Equipment Receivables 2017-1 Trust2.290% 06/10/20210.0%
Commercial Mortgage Backed Index Swap3.000% 11/18/20540.0%
Flagship Credit Auto Trust 2017-31.880% 10/15/20210.0%
Mercedes-Benz Auto Receivables Trust 2016-11.260% 02/16/20210.0%
EURO-SCHATZ FUT DEC190.000% 12/10/20190.0%
FX USD/CAD 12/190.000% 12/13/20190.0%
FX USD/EUR 02/200.000% 02/14/20200.0%
CAN 5YR FUT MAR200.000% 03/31/20200.0%
US 10YR ULTRA FUT MAR200.000% 03/31/20200.0%
US ULTRA BOND CBT MAR200.000% 03/31/20200.0%
US 5YR NOTE (CBT) MAR200.000% 04/03/20200.0%
Commercial Mortgage Backed Index Swap0.350% 10/17/20570.0%

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 01/24/2020
$0
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 12/31/2019 $0.03710 $15.28
Daily Daily 11/30/2019 $0.03662 $15.39
Daily Daily 10/31/2019 $0.03685 $15.42
Daily Daily 09/30/2019 $0.03671 $15.41
Daily Daily 08/31/2019 $0.03455 $15.50
Daily Daily 07/31/2019 $0.04023 $15.27
Daily Daily 06/30/2019 $0.04385 $15.24
Daily Daily 05/31/2019 $0.04362 $15.04
Daily Daily 04/30/2019 $0.04294 $14.92
Daily Daily 03/31/2019 $0.04382 $14.89
Daily Daily 02/28/2019 $0.04135 $14.67
Daily Daily 01/31/2019 $0.04492 $14.68

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 01/31/2020
Daily Daily 02/29/2020
Daily Daily 03/31/2020
Daily Daily 04/30/2020
Daily Daily 05/31/2020
Daily Daily 06/30/2020
Daily Daily 07/31/2020
Daily Daily 08/31/2020
Daily Daily 09/30/2020
Daily Daily 10/31/2020
Daily Daily 11/30/2020
Daily Daily 12/31/2020

Yield

Yield

Dividend Yield as of 01/24/2020  

  Subsidized Un-Subsidized
w/o sales charge 2.88% 1.17%
w/ sales charge 2.81% 1.14%

30-Day Standardized Yield as of 12/31/2019  

Subsidized Un-Subsidized
2.15% 2.03%

Fees & Expenses

Fees & Expenses

Sales Charge Schedule as of 01/24/2020

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $100,000 2.25% 2.00% $15.82
$100,000 to $249,999 1.75% 1.50% $15.74
$250,000 to $499,999 1.25% 1.00% $15.66
$500,000 to $999,999 0.00% 1.00% $15.46
$1,000,000 to $5,000,000 0.00% 1.00% $15.46

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

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

For Sales Charge Reductions and Waivers Click here.

SALES CHARGE REDUCTIONS AND WAIVERS

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

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

  • Rights of Accumulation - A purchaser may combine the value of Class A, B, C, F, and P shares of any eligible fund currently owned with a new purchase of Class A shares of any eligible fund in order to reduce the sales charge on the new purchase. Class I, R2, and R3 share holdings may not be combined for these purposes.

    To the extent that your financial intermediary is able to do so, the value of Class A, B, C, F, and P shares of eligible funds determined for the purpose of reducing the sales charge of a new purchase under the Rights of Accumulation will be calculated at the higher of: 1) the aggregate current maximum offering price of your existing Class A, B, C, F, and P shares of eligible funds or 2) the aggregate amount you invested in such shares (including dividend reinvestments but excluding capital appreciation) less any withdrawals. You should retain any information and account records necessary to substantiate the historical amounts you and any related purchasers have invested in eligible funds. You must inform a fund and/or your financial intermediary at the time of purchase if you believe your purchase qualifies for a reduced sales charge; you may be requested to provide documentation of your holdings in order to verify your eligibility. If you do not do so, you may not receive all sales charge reductions for which you are eligible.

  • Letter of Intention — In order to reduce your Class A front-end sales charge, a purchaser may combine purchases of Class A, B, C, F, and P shares of any eligible fund the purchaser intends to make over the next 13 months in determining the applicable sales charge. The 13-month Letter of Intention period commences on the day that the Letter of Intention is received by a fund, and the purchaser must tell a fund that later purchases are subject to the Letter of Intention. Purchases submitted prior to the date the Letter of Intention is received by a fund are not counted toward the sales charge reduction. Current holdings under Rights of Accumulation may be included in a Letter of Intention in order to reduce the sales charge for purchases during the 13-month period covered by the Letter of Intention. Shares purchased through reinvestment of dividends or distributions are not included. Class I, R2, and R3 share holdings may not be combined for these purposes. Class A shares valued at 5% of the amount of intended purchases are escrowed and may be redeemed to cover the additional sales charges payable if the intended purchases under the Letter of Intention is not completed. The Letter of Intention is neither a binding obligation on you to buy nor on a fund to sell any or all of an intended purchase amount.

Purchaser — A purchaser includes: 1) an individual; 2) an individual, his or her spouse, and children under the age of 21; 3) retirement and benefit plans, including a 401(k) plan, profit-sharing plan, money purchase plan, defined benefit plan, and 457(b) plan sponsored by a governmental entity, nonprofit organization, school district, or church to which employer contributions are made, as well as SIMPLE IRA plans and SEP-IRA plans; or 4) a trustee or other fiduciary purchasing shares for a single trust, estate, or single fiduciary account. An individual may include under item (1) his or her holdings in eligible funds as described above in IRAs, as a sole participant of a retirement and benefit plan sponsored by the individual's business, and as a participant in a 403(b) plan to which only pretax salary deferrals are made. An individual and his or her spouse may include under item (2) their holdings in IRAs, and as the sole participants in retirement and benefit plans sponsored 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 single bank 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 12/31/2019

Expense ratio details, Click here.

Fund Documents

Fund Documents

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Summary Prospectus
Publish Date:11/03/2015
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Publish Date:11/03/2015
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Prospectus (XBRL)
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
Publish Date:11/03/2015
Flyer
Publish Date:11/03/2015

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

                    

1

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

 

2

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

 

3

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

 

4

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

 

5

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

 

6

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

 

IMPORTANT INFORMATION

 

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

 

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

 

 

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

 

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

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

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

 

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

 

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

 

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

 

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

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

 

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

 

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

 

 

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

 

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

 

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

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

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