LFRFX | Floating Rate Fund Class F | Lord Abbett

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Floating Rate Fund

Daily price w/o sales charge as of 01/18/2022

$8.43

$0.00

YTD Returns w/o sales charge as of 01/18/2022

0.53%

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

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Summary

Summary

What is the Floating Rate Fund?

The Fund seeks to deliver a high level of current income by investing primarily in a variety of below investment grade loans.

 

HISTORY OF CREDIT RESEARCH

Brings a 45-year heritage of high-yield credit investing, based on rigorous, fundamental credit research.

ATTRACTIVE INCOME & LOW EXPENSES

Has provided attractive income and lower expenses relative to its Morningstar peer group category average.‡

ATTRACTIVE RETURN FOR RISK

Has offered a track record of strong performance versus peers in up and down markets, demonstrating the strength of this active approach as a core bank loan holding over a full market cycle.

 

Yield

Dividend Yield 1 as of 01/18/2022  

w/o sales charge 3.62%

30-Day Standardized Yield 2 as of 12/31/2021  

3.54%

Fund Basicsas of 12/31/2021

Total Net Assets
$7.04 B
Inception Date
12/31/2007
Dividend Frequency
Monthly
Fund Expense Ratio
0.70%
Number of Holdings
622

Fund Expense Ratio :

0.70%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2007
w/o sales charge 5.36% 5.36% 3.66% 2.95% 4.19% 4.00%
Lipper Category Avg. Loan Participation Funds 4.43% 4.43% 4.29% 3.23% 3.78% -
CS Leveraged Loan Index 5.41% 5.41% 5.43% 4.32% 4.84% 4.51%

Fund Expense Ratio :

0.70%

Fund Expense Ratio :

0.70%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2007
w/o sales charge 5.36% 5.36% 3.66% 2.95% 4.19% 4.00%
Lipper Category Avg. Loan Participation Funds 4.43% 4.43% 4.29% 3.23% 3.78% -
CS Leveraged Loan Index 5.41% 5.41% 5.43% 4.32% 4.84% 4.51%

Fund Expense Ratio :

0.70%

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.

RELATED CONTENT

Update on Floating Rate: Three Reasons to Consider Bank Loans
October 26, 2020

Rising inflation expectations, attractive valuations, and favorable supply/demand dynamics suggest the potential for solid performance for the asset class in the months ahead.

Bridging the Divide Between High Yield and Bank Loans
September 17, 2020

While high yield has found more favor with investors recently, several factors could potentially shift the valuation gap to bank loans’ advantage.

An Update on Floating Rate Bank Loans Amid Recent Market Volatility
April 17, 2020

Our expert assesses current market conditions—and the historical resilience of floating rate bank loans after periods of elevated volatility.

Type Assets
Bank Loans
High Yield Bonds
Equity
ABS
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 12/31/2021 View Portfolio

Rating Assets
BBB
BB
B
<B
Not Rated

Ratings provided by Standard & Poor’s and Moody’s. Where the rating agencies rate a security differently, Lord Abbett uses the lower credit rating. 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

Jeffrey D. Lapin
Jeffrey D. Lapin, J.D.

Partner & Portfolio Manager

24 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Co-Head of Taxable Fixed Income

20 Years of Industry Experience

Kearney M. Posner
Kearney M. Posner, CFA

Managing Director, Portfolio Manager

22 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Co-Head of Taxable Fixed Income

30 Years of Industry Experience

Supported By 63 Investment Professionals with 16 Years Avg. Industry Experience

Contact a Representative

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Performance

Performance

Dividend Yield 1 as of 01/18/2022  

w/o sales charge 3.62%

30-Day Standardized Yield 2 as of 12/31/2021  

  Subsidized3 Un-Subsidized4
w/o sales charge 3.54% 3.54%

Fund Expense Ratio :

0.70%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2007
w/o sales charge 5.36% 5.36% 3.66% 2.95% 4.19% 4.00%
Lipper Category Avg. Loan Participation Funds 4.43% 4.43% 4.29% 3.23% 3.78% -
CS Leveraged Loan Index 5.41% 5.41% 5.43% 4.32% 4.84% 4.51%

Fund Expense Ratio :

0.70%

Fund Expense Ratio :

0.70%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2007
w/o sales charge 5.36% 5.36% 3.66% 2.95% 4.19% 4.00%
Lipper Category Avg. Loan Participation Funds 4.43% 4.43% 4.29% 3.23% 3.78% -
CS Leveraged Loan Index 5.41% 5.41% 5.43% 4.32% 4.84% 4.51%

Fund Expense Ratio :

0.70%

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.

Year Fund Returns CS Leveraged Loan Index
2021 5.36% 5.41%
2020 -1.61% 2.78%
2019 7.45% 8.17%
2018 -0.14% 1.14%
2017 3.96% 4.25%
2016 10.00% 9.88%
2015 0.33% -0.38%
2014 1.14% 2.06%
2013 5.99% 6.15%
2012 10.23% 9.43%
2011 1.53% -
2010 8.30% -
2009 32.40% -
2008 -21.10% -
2007 0.01% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2022 - - - - 0.53%
2021 1.84% 1.83% 1.00% 0.59% 5.36%
2020 -15.76% 7.58% 3.82% 4.57% -1.61%
2019 3.43% 1.66% 0.64% 1.54% 7.45%
2018 1.20% 0.74% 1.78% -3.76% -0.14%
2017 0.94% 0.46% 1.15% 1.35% 3.96%
2016 1.74% 2.79% 3.00% 2.11% 10.00%
2015 1.96% 0.69% -1.07% -1.22% 0.33%
2014 1.07% 1.11% -0.55% -0.48% 1.14%
2013 2.55% 0.37% 1.24% 1.71% 5.99%
2012 4.09% 0.59% 3.42% 1.80% 10.23%
2011 1.87% 0.36% -3.83% 3.26% 1.53%
2010 3.10% -0.87% 3.26% 2.62% 8.30%
2009 8.86% 11.66% 6.39% 2.38% 32.40%
2008 -3.28% 4.17% -5.10% -17.49% -21.10%
2007 - - - - 0.01%

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Rating Assets
Bank Loans
High Yield Bonds
Equity
ABS
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 12/31/2021

Rating Assets
BBB
BB
B
<B
Not Rated

Ratings provided by Standard & Poor’s and Moody’s. Where the rating agencies rate a security differently, Lord Abbett uses the lower credit rating. 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 Positioning as of 09/30/2021

  • We continue to have a broadly constructive view on leveraged loans based on a supportive macroeconomic outlook, attractive relative yield, balanced technicals and interest rate view. The broader credit environment remains supportive for leveraged loan issuers and demand for the product has been persistent with record CLO issuance year-to-date. Within the loan space, we maintain our focus on companies in industries that we believe are better positioned to adapt to and benefit from fundamental structural changes that were accelerated by the COVID-19 pandemic. We have also identified covid-impacted credits with improving fundamentals and/or rating prospects. The Fund reflects this thesis with positions in the healthcare and information technology sectors, aided by long term secular tailwinds, as well as reopening beneficiaries such as the retail, energy and gaming sectors.
  • We have continued to find attractive opportunities in the reopening theme which has performed well over the last twelve months. We remain constructive in leisure which has now expanded from regional gaming investments to greater lodging and event-focused investments as Delta fears subside. Energy continued to benefit from underinvestment and a resurgence of activity, and we have actively added to Exploration & Production (E&P) issuers with a focus on natural gas. Finally, the consumer remains extremely strong with significant excess savings and we have looked for retail opportunities poised to benefit from continued growth in e-commerce, housing and apparel trends.
  • The current economic landscape is favorable for bank loan issuers supported by solid economic growth and a positive earnings outlook with low projected default rates. We expect the trailing 12-month default rate to continue to fall below 1% through year end after peaking just above 4% in September 2020. Furthermore, the U.S. distress ratio is at just 1.1% of the leveraged loan market. Given the inverse relationship between recovery levels and the default rate, we expect default losses to account for a minimal drag on loan index performance for the remainder of 2021 and through 2022. Specifically, we believe there continues to be opportunity in lower rated tiers of the credit market where valuations have generally lagged higher rated securities. We view the most attractive opportunities to be in CCC rated credit, which we believe has the highest upside given historically tight B spread levels and the recent pace of upgrades which has been meaningfully larger than the pace of downgrades. Finally, we believe the technical picture remains supportive. While issuance has been robust on elevated M&A activity, it has been met with demand from record levels of CLO issuance which we expect to continue into year-end in advance of potential tax changes and LIBOR transition.

Portfolio Details as of 12/31/2021

Total Net Assets
$7.04 B
Number of Issues
622
Average Maturity
5.16 Years

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

Average Loan Size -Represents the weighted average of the overall asset size of the original loan issued.

Average Spread -The average number of basis points in excess of the London Interbank Offered Rate (LIBOR) benchmark interest rate a borrower must pay to the loan obligation holder.

Holding Coupon Maturity Assets
ICON Luxembourg Sarl 2.750% 07/03/2028 0.8%
Mozart Borrower LP 3.750% 10/23/2028 0.7%
AAdvantage Loyalty IP Ltd 5.500% 04/20/2028 0.6%
WP CITYMD BIDCO LLC 3.750% 11/18/2028 0.5%
Hudson River Trading LLC 3.104% 03/20/2028 0.5%
UNIVISION COMMUNICATION INC 0.000% 05/05/2028 0.5%
Virgin Media Bristol LLC 2.610% 01/31/2028 0.5%
Jazz Financing Lux Sarl 4.000% 04/21/2028 0.5%
Cornerstone OnDemand Inc 4.250% 10/16/2028 0.5%
Phoenix Newco Inc 4.000% 11/15/2028 0.5%
% of Total Assets 5.6%
Holding Coupon Maturity Assets
ICON Luxembourg Sarl3.000% 07/03/20280.8%
AAdvantage Loyalty IP Ltd5.500% 04/20/20280.6%
PowerShares Senior Loan Portfolio0.000% -0.6%
Mozart Borrower LP3.750% 10/23/20280.5%
WP CityMD Bidco LLC4.500% 08/13/20260.5%
UNIVISION COMMUNICATION INC0.000% 05/05/20280.5%
United Airlines Inc4.500% 04/21/20280.5%
Jazz Financing Lux Sarl4.000% 04/21/20280.5%
Cornerstone OnDemand Inc4.250% 10/16/20280.5%
Phoenix Newco Inc0.000% 11/15/20280.5%
Peraton Corp4.500% 02/01/20280.5%
Nexstar Media Inc2.586% 09/18/20260.5%
Virgin Media Bristol LLC2.589% 01/31/20280.5%
Proofpoint Inc3.750% 08/31/20280.5%
Hudson River Trading LLC3.090% 03/20/20280.5%
Gainwell Acquisition Corp4.750% 10/01/20270.5%
Magenta Buyer LLC5.750% 07/27/20280.4%
EMPLOYBRIDGE LLC5.500% 07/14/20280.4%
LogMeIn Inc4.839% 08/31/20270.4%
ASP LS Acquisition Corp5.250% 05/07/20280.4%
Quikrete Holdings Inc0.000% 06/11/20280.4%
KUEHG Corp4.750% 02/21/20250.4%
LUCID ENRGY GRP II BORWR LLC0.000% 11/24/20280.4%
CoreLogic Inc4.000% 06/02/20280.4%
Solera LLC4.500% 06/02/20280.4%
Amneal Pharmaceuticals LLC3.625% 05/04/20250.4%
Jane Street Group LLC2.840% 01/26/20280.4%
Caesars Resort Collection, LLC2.840% 12/23/20240.4%
Edelman Financial Engines Center LLC/The4.250% 04/07/20280.4%
Playtika Holding Corp2.840% 03/13/20280.4%
VeriFone Systems Inc4.178% 08/20/20250.4%
WCG Purchaser Corp5.000% 01/08/20270.4%
Surf Holdings LLC3.616% 03/05/20270.4%
Grinding Media Inc4.750% 10/12/20280.4%
MED ParentCo LP4.340% 08/31/20260.4%
Horizon Therapeutics USA Inc2.500% 03/15/20280.4%
Harbor Freight Tools USA Inc3.250% 10/19/20270.4%
Organon & Co3.500% 06/02/20280.4%
Packaging Coordinators Midco Inc4.250% 11/30/20270.4%
PETCO HEALTH AND WELLNESS CO.4.000% 03/03/20280.3%
HUNTER HOLDCO 3 LIMITED4.750% 08/19/20280.3%
Minotaur Acquisition Inc4.840% 03/27/20260.3%
Directv Financing LLC5.750% 08/02/20270.3%
Cloudera Inc4.250% 10/08/20280.3%
Red Planet Borrower LLC4.250% 10/02/20280.3%
Asurion LLC5.340% 01/20/20290.3%
Bally's Corp3.750% 08/06/20280.3%
RealPage Inc3.750% 04/24/20280.3%
TK Elevator US Newco Inc4.000% 07/30/20270.3%
PetSmart LLC4.500% 02/11/20280.3%
DOTDASH MEREDITH INC0.000% 11/22/20260.3%
Arches Buyer Inc3.750% 12/06/20270.3%
CCS-CMGC Holdings Inc5.590% 10/01/20250.3%
TIBCO Software Inc3.850% 06/30/20260.3%
Clear Channel Outdoor Holdings Inc3.601% 08/21/20260.3%
Advisor Group Holdings Inc4.590% 07/31/20260.3%
INEOS STYROLUTION US HOLDG LLC3.250% 01/29/20260.3%
Surgery Center Holdings Inc4.500% 08/31/20260.3%
Pug LLC3.590% 02/12/20270.3%
CQP HOLDCO LP4.250% 06/05/20280.3%
Epicor Software Corp4.000% 07/30/20270.3%
Torrid LLC6.250% 05/19/20280.3%
AMC Entertainment Holdings Inc3.090% 04/22/20260.3%
Oryx Midstream Services Permian Basin LLC3.750% 10/05/20280.3%
Boxer Parent Co Inc3.882% 10/02/20250.3%
Genesys Cloud Services Holdings II LLC4.750% 12/01/20270.3%
Eyecare Partners LLC3.882% 02/18/20270.3%
Avis Budget Car Rental LLC1.850% 08/06/20270.3%
Pathway Vet Alliance LLC3.840% 03/31/20270.3%
Scientific Games International Inc2.840% 08/14/20240.3%
Gray Television Inc0.000% 10/20/20280.3%
Anastasia Parent LLC3.882% 08/11/20250.3%
Global Medical Response Inc5.250% 10/02/20250.3%
Renaissance Holdings Corp3.340% 05/30/20250.3%
Arcline FM Holdings LLC5.500% 06/23/20280.3%
iHeartCommunications Inc3.090% 05/01/20260.3%
MHI Holdings LLC5.092% 09/21/20260.3%
LifePoint Health Inc3.842% 11/16/20250.3%
Cubic Corp5.000% 05/25/20280.3%
Waystar Technologies Inc4.090% 10/22/20260.3%
Cushman & Wakefield US Borrower LLC2.840% 08/21/20250.3%
Perforce Software Inc3.840% 07/01/20260.3%
ACProducts Holdings Inc4.750% 05/17/20280.3%
Kingpin Intermediate Holdings LLC4.500% 07/03/20240.3%
DTI Holdco Inc5.750% 09/30/20230.3%
AL NGPL Holdings LLC4.750% 04/14/20280.3%
BCP V MODULAR SERV HOLD IV LTD0.000% 10/07/20280.3%
Yak Access LLC5.090% 07/11/20250.3%
Apttus Corp5.000% 05/08/20280.3%
Madison IAQ LLC3.750% 06/21/20280.3%
THINK + LEARN PRIVATE LIMITED0.000% 11/05/20260.3%
CWGS Group LLC3.250% 06/03/20280.3%
AQGEN ISLAND HOLDINGS INC4.000% 08/02/20280.3%
Carnival Corp3.750% 06/30/20250.3%
CENTURI GROUP INC3.000% 08/18/20280.3%
Air Canada4.250% 08/11/20280.3%
Informatica LLC2.875% 10/27/20280.3%
CHINOS INTERMEDIATE 2 LLC0.000% -0.3%
UKG Inc0.000% 05/04/20260.3%
Ascend Learning LLC0.000% 11/18/20280.3%
Altar Bidco Inc0.000% 11/17/20280.3%
Cengage Learning Inc5.750% 06/29/20260.3%
BCP Raptor II LLC4.840% 11/03/20250.3%
TORUK AS0.000% 11/02/20280.3%
EW Scripps Co/The3.313% 05/01/20260.3%
Astra Acquisition Corp5.750% 10/25/20280.3%
OneDigital Borrower LLC5.250% 11/16/20270.3%
Vertiv Group Corp2.838% 03/02/20270.3%
Verscend Holding Corp4.090% 08/27/20250.3%
Azalea Topco Inc3.590% 07/24/20260.3%
RH0.000% 10/20/20280.3%
Spring Education Group Inc4.382% 07/30/20250.3%
CSC Holdings LLC2.339% 07/17/20250.3%
Imperva Inc5.000% 01/12/20260.3%
athenahealth Inc4.339% 02/11/20260.3%
Freeport LNG Investments LLLP0.000% 11/17/20280.3%
Gray Television Inc2.586% 01/02/20260.3%
Tiger Acquisition LLC3.750% 06/01/20280.3%
Magnite Inc5.750% 04/28/20280.3%
Severin Acquisition LLC3.341% 08/01/20250.3%
USIC Holdings Inc4.250% 05/12/20280.3%
RVR Dealership Holdings LLC4.750% 02/08/20280.2%
ADMI Corp3.875% 12/23/20270.2%
Trans Union LLC0.000% 11/16/20280.2%
Zebra Buyer LLC3.750% 11/01/20280.2%
SYNAPTICS INCORPORATED0.000% 10/21/20280.2%
AI AQUA MERGER SUB INC4.500% 07/31/20280.2%
RAPTOR ACQUISITION CORP.4.750% 11/01/20260.2%
Sweetwater Borrower LLC5.500% 08/07/20280.2%
Hilton Grand Vacations Borrower LLC3.500% 08/02/20280.2%
Southern Veterinary Partners LLC5.000% 10/05/20270.2%
ConnectWise LLC4.000% 09/29/20280.2%
MeridianLink Inc0.000% 10/27/20280.2%
Refficiency Holdings LLC4.500% 12/16/20270.2%
MEDRISK INC4.500% 05/10/20280.2%
SILK BIDCO AS4.000% 02/24/20250.2%
Esdec Solar Group BV5.750% 08/30/20280.2%
CMI Marketing Inc4.750% 03/23/20280.2%
City Football Group Ltd4.000% 07/21/20280.2%
Lumen Technologies Inc2.340% 03/15/20270.2%
Alloy Finco Ltd0.500% 03/06/20250.2%
EFS Cogen Holdings I LLC4.500% 10/01/20270.2%
Ensono Inc4.750% 05/19/20280.2%
Learning Care Group US No 2 Inc4.250% 03/13/20250.2%
WW International Inc4.000% 04/13/20280.2%
Birkenstock US BidCo Inc3.750% 04/27/20280.2%
United PF Holdings LLC4.132% 12/30/20260.2%
Medallion Midland Acquisition LP4.500% 10/18/20280.2%
ARMOR HOLDING II LLC0.000% 10/29/20280.2%
ENDURE DIGITAL INC4.250% 02/10/20280.2%
Fastlane Parent Co Inc4.593% 02/04/20260.2%
COBHAM ULTRA SENIORCO SARL0.000% 11/16/20280.2%
Tory Burch LLC4.000% 04/16/20280.2%
DIRECT CHASSISLINK INC6.874% 04/10/20260.2%
Carnival Corp4.000% 10/18/20280.2%
MEDASSETS SFWR INMT HLNG INC0.000% 11/17/20280.2%
Brand Industrial Services Inc5.250% 06/21/20240.2%
ECI Macola/Max Holding LLC4.500% 11/09/20270.2%
Ingram Micro Inc4.000% 06/30/20280.2%
LSCS HOLDINGS INC.0.000% 11/23/20280.2%
CNT Holdings I Corp4.500% 11/08/20270.2%
HIGHTOWER HOLDINGS LLC4.750% 04/21/20280.2%
AEA INTER HLDNGS LUX S A R L4.250% 09/07/20280.2%
Consolidated Communications Inc4.250% 10/02/20270.2%
UKG Inc4.000% 05/04/20260.2%
Engineered Machinery Holdings Inc4.500% 05/19/20280.2%
Groupe Solmax Inc5.500% 05/29/20280.2%
PRA Health Sciences Inc3.000% 07/03/20280.2%
Constant Contact Inc4.750% 02/10/20280.2%
CHG HEALTHCARE SERVICES INC4.000% 09/29/20280.2%
TABOOLA COM LTD4.500% 08/17/20280.2%
SPECTACLE GARY HOLDINGS LLC0.000% 11/19/20280.2%
Truck Hero Inc4.000% 01/31/20280.2%
UTEX INDUSTRIES0.000% -0.2%
AppLovin Corp0.000% 10/25/20280.2%
Polar US Borrower LLC4.750% 10/15/20250.2%
WP CPP Holdings LLC4.750% 04/30/20250.2%
SUMMT BEHAVIORL HEALTHCARE LLC5.500% 11/08/20280.2%
BEP Ulterra Holdings Inc5.340% 11/26/20250.2%
Global Aircraft Leasing Co Ltd6.500% 09/15/20240.2%
Jazz Acquisition Inc4.340% 06/19/20260.2%
Nascar Holdings LLC2.590% 10/19/20260.2%
Cano Health LLC5.250% 11/23/20270.2%
Priority Holdings LLC6.750% 04/27/20270.2%
eResearchTechnology Inc5.500% 02/04/20270.2%
Great Outdoors Group LLC4.500% 03/06/20280.2%
Proampac PG Borrower LLC4.500% 11/03/20250.2%
Sophia LP4.500% 10/07/20270.2%
Cinemark USA Inc1.850% 03/31/20250.2%
ACBL HLDG CORP0.000% -0.2%
Evergreen Acqco 1 LP6.500% 04/21/20280.2%
UWH PLLC5.000% 12/16/20270.2%
UKG Inc3.840% 05/04/20260.2%
Cyxtera DC Holdings Inc4.000% 05/01/20240.2%
SRS Distribution Inc6.000% 12/01/20290.2%
Banijay Group US Holding Inc3.838% 03/01/20250.2%
Coinbase Global Inc3.375% 10/01/20280.2%
Veritas US Inc6.000% 09/01/20250.2%
PG&E Corp3.500% 06/23/20250.2%
Lucky Bucks LLC6.250% 07/30/20270.2%
Amentum Government Services Holdings LLC5.500% 01/29/20270.2%
Delta Topco Inc4.500% 12/01/20270.2%
SWF Escrow Issuer Corp6.500% 10/01/20290.2%
Chassix Inc6.500% 11/15/20230.2%
WESTERN DENTAL SERVICES INC5.250% 08/11/20280.2%
VS Buyer LLC3.090% 02/28/20270.2%
Asurion LLC5.340% 01/31/20280.2%
Imprivata Inc4.000% 12/01/20270.2%
Storable Inc3.750% 04/17/20280.2%
WestJet Airlines Ltd4.000% 12/11/20260.2%
Escape Velocity Holdings Inc4.750% 10/08/20280.2%
Team Health Holdings Inc3.750% 02/06/20240.2%
PACIFIC DENTAL SERVICES LLC4.000% 05/05/20280.2%
AMER SPORTS OYJ4.500% 03/30/20260.2%
Shea Homes LP / Shea Homes Funding Corp4.750% 02/15/20280.2%
KKR APPLE BIDCO LLC3.500% 09/22/20280.2%
Project Alpha Intermediate Holding Inc4.100% 04/26/20240.2%
DEDALUS FINANCE GMBH3.750% 05/04/20270.2%
Kindred Healthcare LLC4.625% 07/02/20250.2%
Aegion Corp5.500% 05/17/20280.2%
ION Trading Finance Ltd4.917% 04/01/20280.2%
Cologix Holdings Inc4.500% 05/01/20280.2%
Gogo Intermediate Holdings LLC4.500% 04/30/20280.2%
Kenan Advantage Group Inc/The4.500% 03/24/20260.2%
DEXKO GLOBAL INC4.250% 10/04/20280.2%
WEX Inc2.340% 03/31/20280.2%
Grab Holdings Inc5.500% 01/29/20260.2%
Panera Bread Co2.375% 07/18/20220.2%
MH Sub I LLC0.000% 09/13/20240.2%
Rent-A-Center Inc/TX3.750% 02/17/20280.2%
Travel Leaders Group LLC4.090% 01/25/20240.2%
ADEVINTA ASA3.750% 06/26/20280.2%
MedAssets Software Intermediate Holdings Inc4.500% 01/28/20280.2%
Canada Goose Inc4.250% 10/07/20270.2%
Revint Intermediate II LLC4.750% 10/15/20270.2%
Resideo Funding Inc4.000% 09/01/20290.2%
TEAMBLUE FINCO SARL3.750% 03/27/20280.2%
PCI Gaming Authority2.590% 05/29/20260.2%
Pretium PKG Holdings Inc4.500% 10/02/20280.2%
NEXUS BUYER LLC6.750% 10/29/20290.2%
Uber Technologies Inc3.590% 04/04/20250.2%
Midas OpCo Holdings LLC5.625% 08/15/20290.2%
Claros Mortgage Trust Inc6.000% 08/09/20260.2%
Exgen Renewables IV LLC3.500% 12/15/20270.2%
Unifrax Escrow Issuer Corp5.250% 09/30/20280.2%
Project Boost Purchaser LLC3.590% 06/01/20260.2%
Hoya Midco LLC4.500% 06/30/20240.2%
MYOB US Borrower LLC4.090% 05/06/20260.2%
THE ULTIMATE SW GRP INC0.000% 05/03/20270.2%
Foundation Building Materials Inc3.340% 02/03/20280.2%
Mileage Plus Holdings LLC6.250% 06/21/20270.2%
Engineered Components & Systems LLC6.500% 08/02/20280.2%
Deliver Buyer Inc5.132% 05/01/20240.2%
Spectacle Gary Holdings LLC11.000% 12/23/20250.2%
Buckeye Partners LP6.375% 01/22/20780.2%
UFC Holdings LLC3.500% 04/29/20260.2%
Insulet Corp3.750% 05/04/20280.2%
Sunshine Luxembourg VII Sarl4.500% 10/01/20260.2%
Rocket Software Inc4.750% 11/28/20250.2%
LSB Industries Inc6.250% 10/15/20280.2%
Miller's Ale House Inc4.841% 05/30/20250.2%
Option Care Health Inc3.250% 10/27/20280.2%
Mohegan Gaming & Entertainment8.000% 02/01/20260.2%
Zelis Payments Buyer Inc3.586% 09/30/20260.2%
Astoria Energy LLC4.500% 12/10/20270.1%
California Resources Corp7.125% 02/01/20260.1%
Brazos Delaware II LLC4.091% 05/21/20250.1%
ASP Unifrax Holdings Inc3.882% 12/12/20250.1%
Bausch Health Americas Inc2.840% 11/27/20250.1%
Select Medical Corp2.350% 03/06/20250.1%
Helix Gen Funding LLC4.750% 06/03/20240.1%
Peabody Energy Corp2.842% 03/31/20250.1%
Weld North Education LLC4.250% 12/21/20270.1%
Park River Holdings Inc4.000% 12/28/20270.1%
CVR Partners LP / CVR Nitrogen Finance Corp6.125% 06/15/20280.1%
Alpha Metallurgical Resources Inc10.000% 06/14/20240.1%
Watlow Electric Manufacturing Co4.500% 03/02/20280.1%
Callon Petroleum Co8.000% 08/01/20280.1%
Laredo Petroleum Inc9.500% 01/15/20250.1%
Carriage Purchaser Inc5.000% 09/30/20280.1%
AMMC CLO 24 Ltd3.573% 01/20/20350.1%
Sabre GLBL Inc4.000% 12/17/20270.1%
Barracuda Networks Inc7.500% 10/30/20280.1%
National CineMedia LLC5.875% 04/15/20280.1%
American Trailer World Corp4.500% 03/03/20280.1%
TNT CRANE AND RIGGING0.000% -0.1%
Millennium Escrow Corp6.625% 08/01/20260.1%
Sparta US HoldCo LLC4.250% 08/02/20280.1%
Brookfield Residential Properties Inc / Brookfield Residential US LLC4.875% 02/15/20300.1%
Aruba Investments Holdings LLC4.750% 11/24/20270.1%
Prime Security Services Borrower LLC / Prime Finance Inc3.375% 08/31/20270.1%
SPRINGS WINDOW FASHIONS LLC4.750% 10/06/20280.1%
Ahern Rentals Inc7.375% 05/15/20230.1%
MI Windows and Doors Inc4.500% 12/18/20270.1%
AP CORE HOLDINGS II LLC6.250% 09/01/20270.1%
Park River Holdings Inc6.750% 08/01/20290.1%
BELRON FINANCE US LLC2.438% 11/13/20250.1%
Edgewater Generation LLC3.840% 12/13/20250.1%
Allegheny Technologies Inc5.125% 10/01/20310.1%
Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp4.250% 02/01/20270.1%
Tenable Inc3.250% 07/07/20280.1%
Learfield Communications LLC4.250% 12/01/20230.1%
Mamba Purchaser Inc4.250% 10/16/20280.1%
WALKER + DUNLOP INC0.000% 10/13/20280.1%
BINGO INDUSTRIES LTD4.000% 07/08/20280.1%
APi Group DE Inc0.000% 10/07/20280.1%
THE ENTERPRISE DEVLOPMT ATHRTY5.000% 02/18/20280.1%
Hunt Cos Inc5.250% 04/15/20290.1%
WHITE CAP BUYER LLC0.000% 10/19/20270.1%
Affinity Gaming6.875% 12/15/20270.1%
CHAMBERLAIN GROUP INC4.000% 11/03/20280.1%
LBM Acquisition LLC3.879% 12/17/20270.1%
Zurn LLC2.750% 10/04/20280.1%
Bleriot US Bidco Inc4.132% 10/31/20260.1%
PHH Mortgage Corp7.875% 03/15/20260.1%
ASR Media and Sponsorship SpA5.125% 08/01/20240.1%
Carriage Purchaser Inc7.875% 10/15/20290.1%
GENERATION BRIDGE AQC LLC0.000% 08/05/20280.1%
Stonegate Pub Co Financing 2019 PLC8.250% 07/31/20250.1%
Jefferson Capital Holdings LLC6.000% 08/15/20260.1%
ACBL HLDG CORP0.000% -0.1%
CANOPY GROWTH CORPORATION9.500% 03/18/20260.1%
Autokiniton US Holdings Inc5.000% 04/06/20280.1%
Frontier Communications Holdings LLC4.500% 05/01/20280.1%
Pretium PKG Holdings Inc7.250% 10/01/20290.1%
THERMOSTAT PURCHASER III INC.4.675% 08/31/20280.1%
Aethon United BR LP / Aethon United Finance Corp8.250% 02/15/20260.1%
Eyecare Partners LLC4.250% 11/15/20280.1%
Blackstone Mortgage Trust Inc3.750% 01/15/20270.1%
Crown Finance US Inc0.000% 02/28/20250.1%
LSF11 A5 HoldCo LLC4.250% 10/15/20280.1%
Fortress Transportation and Infrastructure Investors LLC5.500% 05/01/20280.1%
ECHO GLOBAL LOGISTICS INC4.250% 11/04/20280.1%
Service Logic Acquisition Inc4.750% 10/29/20270.1%
Cloudera Inc6.500% 10/08/20290.1%
AppLovin Corp3.340% 08/15/20250.1%
Global Medical Response Inc6.500% 10/01/20250.1%
GPS Hospitality Holding Co LLC / GPS Finco Inc7.000% 08/15/20280.1%
City Brewing Co LLC4.250% 04/05/20280.1%
Hecla Mining Co7.250% 02/15/20280.1%
IIP Operating Partnership LP5.500% 05/25/20260.1%
Medical Solutions Holdings Inc4.000% 11/01/20280.1%
SCP Eye Care Services LLC5.250% 03/16/20280.1%
Flexential Intermediate Corp5.750% 08/01/20240.1%
Rocket Software Inc4.340% 11/28/20250.1%
Energy Acquisition Co Inc4.349% 06/26/20250.1%
Triton Water Holdings Inc6.250% 04/01/20290.1%
CCRR Parent Inc4.500% 03/06/20280.1%
Hightower Holding LLC6.750% 04/15/20290.1%
PRA Group Inc5.000% 10/01/20290.1%
Medical Solutions Holdings Inc7.500% 11/01/20290.1%
Instructure Holdings Inc3.250% 10/30/20280.1%
AIT Worldwide Logistics Holdings Inc5.500% 03/31/20280.1%
Maxeda DIY Holding BV5.875% 10/01/20260.1%
Spirit AeroSystems Inc0.000% 01/15/20250.1%
Academy Ltd4.500% 11/05/20270.1%
Constant Contact Inc8.250% 02/12/20290.1%
Colgate Energy Partners III LLC7.750% 02/15/20260.1%
TerraForm Power Operating LLC4.750% 01/15/20300.1%
Rockcliff Energy II LLC5.500% 10/15/20290.1%
Warrior Met Coal Inc8.000% 11/01/20240.1%
Windstream Services LLC7.250% 09/21/20270.1%
Array Technologies Inc3.750% 10/14/20270.1%
Armor Holdco Inc8.500% 11/15/20290.1%
Sunnova Energy Corp5.875% 09/01/20260.1%
Warrior Met Coal Inc7.875% 12/01/20280.1%
Ardonagh Midco 2 PLC11.500% 01/15/20270.1%
LONZA GROUP AG4.750% 07/03/20280.1%
Alta Equipment Group Inc5.625% 04/15/20260.1%
Midcap Financial Issuer Trust6.500% 05/01/20280.1%
Ahead DB Holdings LLC6.625% 05/01/20280.1%
Encino Acquisition Partners Holdings LLC8.500% 05/01/20280.1%
Urban One Inc7.375% 02/01/20280.1%
BANFF MERGER SUB INC6.000% 02/27/20260.1%
Peninsula Pacific Entertainment LLC / Peninsula Pacific Entertainment Finance In8.500% 11/15/20270.1%
Signa Development Finance SCS5.500% 07/23/20260.1%
ECL ENTERTAINMENT LLC8.250% 03/31/20280.1%
Doncasters US LLC8.500% 03/06/20240.1%
Seaspan Corp5.500% 08/01/20290.1%
AP CORE HOLDINGS II LLC6.250% 07/21/20270.1%
Amentum Government Services Holdings LLC3.590% 01/29/20270.1%
Castle US Holding Corp3.882% 01/29/20270.1%
RealReal Inc/The1.000% 03/01/20280.1%
EverArc Escrow Sarl5.000% 10/30/20290.1%
BELRON FINANCE US LLC2.438% 10/30/20260.1%
Punch Finance PLC6.125% 06/30/20260.1%
Electron Bidco Inc3.750% 11/01/20280.1%
John Bean Technologies Corp0.250% 05/15/20260.1%
Dexcom Inc0.250% 11/15/20250.1%
Baffinland Iron Mines Corp / Baffinland Iron Mines LP8.750% 07/15/20260.1%
VUE INTERNATIONAL BIDCO PLC4.750% 07/03/20260.1%
Etsy Inc0.250% 06/15/20280.1%
Metis Merger Sub LLC6.500% 05/15/20290.1%
Nabors Industries Inc7.375% 05/15/20270.1%
LFS Topco LLC5.875% 10/15/20260.1%
WideOpenWest Finance LLC4.250% 08/18/20230.1%
Foundation Building Materials Inc6.000% 03/01/20290.1%
LBM Acquisition LLC6.250% 01/15/20290.1%
BELRON FINANCE US LLC3.250% 04/13/20280.1%
Airbnb Inc0.000% 03/15/20260.1%
Magenta Buyer LLC9.000% 07/27/20290.1%
Maravai Intermediate Holdings LLC4.750% 10/19/20270.1%
Triton Water Holdings Inc4.000% 03/31/20280.1%
USIC Holdings Inc7.250% 05/07/20290.1%
Frontier Communications Holdings LLC6.000% 01/15/20300.1%
Vail Resorts Inc0.000% 01/01/20260.1%
ITT Holdings LLC3.250% 07/10/20280.1%
Hudbay Minerals Inc6.125% 04/01/20290.1%
Greenbrier Cos Inc/The2.875% 04/15/20280.1%
Gulfport Energy Operating Corp8.000% 05/17/20260.1%
Equinox Holdings Inc8.000% 09/06/20240.1%
Independence Energy Finance LLC7.250% 05/01/20260.1%
SM Energy Co6.750% 09/15/20260.1%
Blackhawk Network Holdings Inc7.125% 06/15/20260.1%
Resideo Funding Inc2.750% 02/08/20280.1%
Dino Grandparent Inc2.092% 02/19/20250.1%
TMS International Corp/DE6.250% 04/15/20290.1%
Bright Bidco BV4.500% 06/30/20240.1%
Precision Drilling Corp6.875% 01/15/20290.1%
Sabre GLBL Inc4.000% 12/17/20270.1%
LCM Investments Holdings II LLC4.875% 05/01/20290.1%
Air Methods Corp4.500% 04/22/20240.1%
AVSC Holding Corp0.000% 03/03/20250.1%
Jerrold Finco PLC5.250% 01/15/20270.1%
Deuce Finco Plc5.500% 06/15/20270.1%
WASH Multifamily Acquisition Inc5.750% 04/15/20260.1%
Flynn Restaurant Group LP9.250% 06/29/20260.1%
Coeur Mining Inc5.125% 02/15/20290.1%
Renaissance Holdings Corp7.090% 05/29/20260.1%
Team Health Holdings Inc6.375% 02/01/20250.1%
Ken Garff Automotive LLC4.875% 09/15/20280.1%
Madison IAQ LLC5.875% 06/30/20290.1%
CNT Holdings I Corp7.500% 11/06/20280.1%
National Mentor Holdings Inc8.000% 03/02/20290.1%
Quikrete Holdings Inc2.590% 02/01/20270.1%
Hilcorp Energy I LP / Hilcorp Finance Co5.750% 02/01/20290.1%
Centennial Resource Production LLC6.875% 04/01/20270.1%
Equinox Holdings Inc4.000% 03/08/20240.1%
SunCoke Energy Inc4.875% 06/30/20290.1%
Unifrax Escrow Issuer Corp7.500% 09/30/20290.1%
Clear Channel Outdoor Holdings Inc7.500% 06/01/20290.1%
Delta Topco Inc8.000% 12/01/20280.1%
US Acute Care Solutions LLC6.375% 03/01/20260.1%
Life Time Inc5.750% 12/16/20240.1%
Welltec International ApS8.250% 10/15/20260.1%
BROOKS AUTOMATION INC0.000% 11/04/20290.1%
Staples Inc5.132% 04/16/20260.1%
Kennedy-Wilson Inc4.750% 03/01/20290.1%
Staples Inc10.750% 04/15/20270.1%
iHeartMedia Inc0.000% -0.1%
Peraton Corp8.500% 02/01/20290.1%
Jazz Acquisition Inc8.090% 06/18/20270.1%
Asbury Automotive Group Inc4.625% 11/15/20290.1%
LSF11 A5 HoldCo LLC6.625% 10/15/20290.1%
WP CPP Holdings LLC8.750% 04/30/20260.1%
GYP HOLDINGS III CORP0.000% 06/01/20250.1%
Equinox Holdings Inc10.000% 03/08/20240.1%
Energy Acquisition Co Inc10.750% 06/26/20250.1%
LBM Acquisition LLC0.000% 12/17/20270.1%
Engineered Machinery Holdings Inc7.250% 05/21/20290.1%
Party City Holdings Inc6.625% 08/01/20260.1%
WW International Inc4.500% 04/15/20290.1%
ADMI Corp4.000% 12/23/20270.1%
UKG Inc7.500% 05/03/20270.1%
AVSC Holding Corp8.250% 09/01/20250.1%
Talen Energy Supply LLC6.500% 06/01/20250.1%
Comstock Resources Inc6.750% 03/01/20290.1%
Cubic Corp5.000% 05/25/20280.1%
Nouryon USA LLC3.092% 10/01/20250.1%
United PF Holdings LLC8.632% 12/30/20270.1%
CHINOS INTERMEDIATE HLDGS A IN11.000% 09/10/20270.1%
Mavis Tire Express Services Topco Corp4.750% 05/04/20280.1%
Epicor Software Corp8.750% 07/31/20280.1%
Aruba Investments Holdings LLC8.500% 11/24/20280.1%
Flynn Restaurant Group LP3.590% 06/27/20250.1%
TRANS UNION LLC0.000% 11/16/20290.0%
FX USD/EUR 12/210.000% 12/10/20210.0%
Frontier Communications Holdings LLC6.750% 05/01/20290.0%
Dornoch Debt Merger Sub Inc6.625% 10/15/20290.0%
Engineered Components & Systems LLC0.030% 08/02/20280.0%
Refficiency Holdings LLC0.040% 12/31/20270.0%
New Frontera Holdings LLC14.000% 07/28/20260.0%
LBM Acquisition LLC4.500% 12/17/20270.0%
Edelman Financial Engines Center LLC/The6.840% 07/20/20260.0%
Azalea Topco Inc4.500% 07/24/20260.0%
Global Medical Response Inc5.250% 03/14/20250.0%
SM Energy Co6.500% 07/15/20280.0%
ACBL HLDG CORP0.000% -0.0%
Party City Holdings Inc8.750% 02/15/20260.0%
Punch Finance PLC6.125% 06/30/20260.0%
CSC Holdings LLC2.339% 01/15/20260.0%
Eyecare Partners LLC0.000% 11/15/20280.0%
DEXKO GLOBAL INC0.000% 09/22/20280.0%
THERMOSTAT PURCHASER III INC.0.023% 08/24/20280.0%
AI AQUA MERGER SUB INC0.000% 07/31/20280.0%
Credit Index Swap5.000% 12/20/20260.0%
Clear Channel Outdoor Holdings Inc7.750% 04/15/20280.0%
Comstock Resources Inc5.875% 01/15/20300.0%
Kennedy-Wilson Inc4.750% 02/01/20300.0%
UTEX INDUSTRIES INC5.250% 12/03/20250.0%
THL Credit Wind River 2018-3 CLO Ltd3.082% 01/20/20310.0%
Southern Veterinary Partners LLC0.040% 10/05/20270.0%
Medical Solutions Holdings Inc0.000% 11/01/20280.0%
New Frontera Holdings LLC2.500% 07/28/20280.0%
UTEX INDUSTRIES INC8.500% 12/03/20250.0%
FX USD/GBP 12/210.000% 12/07/20210.0%
SCP Eye Care Services LLC0.045% 03/16/20280.0%
KKR APPLE BIDCO LLC6.250% 09/21/20290.0%
WESTERN DENTAL SERVICES INC0.000% 08/18/20280.0%
Welltec International ApS8.250% 10/15/20260.0%
Pattern Energy Operations LP / Pattern Energy Operations Inc4.500% 08/15/20280.0%
Signal Peak CLO 5 Ltd5.774% 04/25/20310.0%
CHINOS INTERMEDIATE 2 LLC0.000% -0.0%
Berry Petroleum Co LLC7.000% 02/15/20260.0%
Spectacle Gary Holdings LLC0.110% 12/23/20250.0%
Service Logic Acquisition Inc0.040% 10/29/20270.0%
TEAM BLUE FINCO SARL0.038% 03/27/20280.0%
FRONTERA GENERATION0.000% -0.0%
Interest Rate Swap0.619% 02/15/20280.0%
Interest Rate Swap0.611% 02/15/20280.0%
Interest Rate Swap0.493% 09/15/20240.0%
GENERATION BDGE AQSTN LLC0.000% 08/05/20280.0%
NPC International Inc0.000% 04/18/20250.0%
FX USD/EUR 12/210.000% 12/10/20210.0%
FX USD/EUR 12/210.000% 12/10/20210.0%
UTEX INDUSTRIES0.000% -0.0%
FX USD/GBP 12/210.000% 12/07/20210.0%
FX USD/EUR 12/210.000% 12/10/20210.0%
FX USD/EUR 12/210.000% 12/10/20210.0%
FX EUR/USD 12/210.000% 12/10/20210.0%
Finastra USA Inc4.500% 06/13/20240.0%
FX USD/EUR 12/210.000% 12/10/20210.0%
Interest Rate Swap0.451% 05/15/20230.0%
National Mentor Holdings Inc4.500% 03/02/20280.0%
TNT CRANE AND RIGGING0.000% -0.0%
FX USD/EUR 12/210.000% 12/10/20210.0%
Interest Rate Swap0.051% 10/21/20220.0%
Interest Rate Swap0.184% 10/21/20250.0%
Interest Rate Swap0.049% 10/21/20220.0%
Interest Rate Swap0.049% 10/21/20250.0%
Life Time Inc0.000% 06/10/20220.0%
MIRABELA NICKEL LTD.1.000% 09/16/20440.0%
National Mentor Holdings Inc0.038% 03/02/20280.0%
Bausch Health Americas Inc3.090% 06/02/20250.0%
William Morris Endeavor Entertainment LLC2.850% 05/18/20250.0%
Clarios Global LP0.000% 04/30/20260.0%
CommScope Inc3.340% 04/06/20260.0%
GRAY TELEVISION INC0.000% 08/12/20220.0%
Huskies Parent Inc6.250% 07/31/20260.0%
Interest Rate Swap1.150% 09/30/20280.0%
Interest Rate Swap1.150% 10/01/20280.0%
Interest Rate Swap1.152% 10/15/20280.0%
FX GBP/USD 12/210.000% 12/07/20210.0%
FX EUR/USD 12/210.000% 12/10/20210.0%
FX GBP/USD 12/210.000% 12/07/20210.0%
Interest Rate Swap1.209% 08/15/20290.0%
Interest Rate Swap1.211% 09/01/20290.0%
Interest Rate Swap1.209% 10/01/20290.0%
Interest Rate Swap1.220% 10/15/20290.0%
Interest Rate Swap1.225% 01/15/20300.0%
FX USD/EUR 12/210.000% 12/10/20210.0%
FX GBP/USD 12/210.000% 12/07/20210.0%
Total Return Swap0.122% 06/20/20220.0%
Total Return Swap0.122% 12/20/20210.0%
Total Return Swap0.122% 06/20/20220.0%
FX EUR/USD 12/210.000% 12/10/20210.0%
Total Return Swap0.122% 06/20/20220.0%
Total Return Swap0.122% 06/20/20220.0%
Total Return Swap0.122% 06/20/20220.0%
FX EUR/USD 12/210.000% 12/10/20210.0%
Total Return Swap0.122% 06/20/20220.0%
Total Return Swap0.122% 06/20/20220.0%
Total Return Swap0.122% 06/20/20220.0%
Total Return Swap0.122% 06/20/20220.0%
Total Return Swap0.122% 03/20/20220.0%
Total Return Swap0.122% 03/20/20220.0%
Total Return Swap0.122% 12/20/20210.0%
US 5YR NOTE (CBT) Mar220.000% 04/05/20220.0%

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.

Sector Allocationas of 12/31/2021

Sector Weighting Fund Change from Previous Quarter
Sector Weighting Fund Change from Previous Quarter
Energy arrowUp0.5%
Transportation -
Metals/Minerals arrowDown0.4%
Shipping arrowDown0.4%
Land Transportation arrowUp0.4%
Manufacturing arrowDown1.2%
Automotive arrowDown0.2%
Diversified Media arrowUp0.3%
Food And Drug -
Cable/Wireless Video arrowDown0.4%
Consumer Durables arrowUp0.6%
Healthcare 0.0%
Utility arrowDown0.2%
Wireless Communications 0.0%
Financial arrowUp1.1%
Telecommunications arrowDown0.3%
Service arrowUp1.4%
Consumer Non-Durables arrowDown0.3%
Chemicals 0.0%
Food/Tobacco arrowDown0.5%
Forest Prod/Containers 0.0%
Information Technology arrowDown0.7%
Retail 0.0%
Other arrowUp0.9%
Gaming/Leisure arrowDown1.1%
Aerospace arrowDown0.2%
Broadcasting arrowDown0.2%
Housing arrowUp0.8%

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 01/18/2022
$0
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 12/31/2021 $0.02542 $8.40
Daily Daily 11/30/2021 $0.02621 $8.36
Daily Daily 10/31/2021 $0.02758 $8.42
Daily Daily 09/30/2021 $0.02724 $8.43
Daily Daily 08/31/2021 $0.02825 $8.40
Daily Daily 07/31/2021 $0.02837 $8.39
Daily Daily 06/30/2021 $0.02786 $8.43
Daily Daily 05/31/2021 $0.02901 $8.41
Daily Daily 04/30/2021 $0.02537 $8.37
Daily Daily 03/31/2021 $0.02669 $8.36
Daily Daily 02/28/2021 $0.02741 $8.38
Daily Daily 01/31/2021 $0.02841 $8.35

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 01/31/2022
Daily Daily 02/28/2022
Daily Daily 03/31/2022
Daily Daily 04/30/2022
Daily Daily 05/31/2022
Daily Daily 06/30/2022
Daily Daily 07/31/2022
Daily Daily 08/31/2022
Daily Daily 09/30/2022
Daily Daily 10/31/2022
Daily Daily 11/30/2022
Daily Daily 12/31/2022

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
12/17/2013 12/18/2013 - $0.0160 $0.0160 $9.49
*

Taxed as ordinary income

Lord Abbett does not provide tax advice. It is strongly recommended that you discuss the impact of dividends and distributions with your tax advisor. 

Upcoming Capital Gain Distribution

Record Date Ex-Dividend Date
12/19/2022 12/20/2022

Fees & Expenses

Fees & Expenses

Expense Ratioas of 12/31/2021

0.70%

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Portfolio Holdings 1Q
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*Barron’s Overall Fund Family of 2020,” #7 overall ranking among 53 qualifying fund families based on the net total return of the one-year period ending 12/31/2020. Five-year overall ranking is #4 out of 50 qualifying fund families; and 10-year overall ranking is #21 out of 44 qualifying fund families.

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

Barron's Fund Family Rankings are awarded annually.

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

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

‡Morningstar Bank Loan Category. Data as of 06/30/2016. The Morningstar Bank Loan portfolios primarily invest in floating-rate loans instead of bonds. In exchange for their credit risk, these loans offer high interest payments that typically float above a common short-term benchmark such as the London Interbank Offered Rate or LIBOR.

+

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.

 

 

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 investments in debt securities will fluctuate in response to market movements. When interest rates rise, the prices of debt securities are likely to decline, and when interest rates fall, the prices of debt securities tend to rise. The Fund may invest substantially in high yield, lower-rated securities. These securities carry increased risks of price volatility, illiquidity, and the possibility of default in the timely payment of interest and principal. Moreover, the specific collateral used to secure a loan may decline in value or become illiquid, which would adversely affect the loan's value. 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. Certain of the Fund's derivative transactions may give rise to leverage risk. Leverage, including borrowing for investment purposes, may increase volatility in the Fund by magnifying the effect of changes in the value of the Fund's holdings. The use of leverage may cause investors in the Fund to lose more money in adverse environments than would have been the case in the absence of leverage. These factors may affect Fund performance.

 

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.

 

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 Credit Suisse Leveraged Loan Index is designed to mirror the investable universe of the U.S. dollar-denominated leveraged loan market. The CS Leveraged Loan Index is an unmanaged, trader-priced index that tracks leveraged loans. The CS Leveraged Loan Index, which includes reinvested dividends, has been taken from published sources.

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.

 

The Overall Morningstar RatingTM is derived from a weighted average of the performance figures associated with a fund's three-, five-, and 10-year (as applicable) Morningstar RatingTM metrics. © Morningstar, Inc. All rights reserved. The information contained herein (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

 

Morningstar proprietary ratings reflect historical risk-adjusted performance. For each fund with at least a three-year history, Morningstar calculates a Morningstar RatingTM based on a Morningstar risk-adjusted return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. Load-waived ratings do not include any front-end sales charges (which are only available for certain defined contribution plans and certain mutual fund advisory programs) and should only be considered by investors who are not subject to sales loads. Not all funds with a load-waived rating may waive their front-end load. An investor should check with their advisor to determine if they are eligible to purchase the load-waived Class A share. The top 10% of the funds in an investment category receive 5 stars, 22.5% receive 4 stars, 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages). The Overall Morningstar rating is a weighted average of funds' three-, five-, and 10-year (as applicable) ratings. Past performance is no guarantee of future results. Morningstar Rating is for the Class A share only; other classes may have different performance characteristics.

 

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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