Floating Rate Fund

LFRAX

Track this Fund

Add to Hypo Tool

Daily price w/o sales charge as of 09/30/2016

$9.15

$0.00

YTD Returns w/o sales charge as of 09/30/2016

7.64%

Overall Morningstar Ratings

Bank Loan

as of 08/31/2016

Load

Load Waived

Morningstar rated the Lord Abbett Floating Rate Fund class A share (load) 3 and 4 stars and (load waived) 4 and 5 stars among 221 and 173 Bank Loan Funds for the overall rating and the 3 and 5 year periods ended 8/31/2016, 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

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 09/30/2016

	Subsidized³	Un-Subsidized⁴
w/o sales charge	-	4.42%
w/ sales charge	-	4.32%

30-Day Standardized Yield ² as of 08/31/2016

4.30%

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

Expense Ratioas of 08/31/2016

Fund Basicsas of 08/31/2016

Total Net Assets: $7.17 B
Inception Date: 12/31/2007
Dividend Frequency: Monthly (Daily Accrual)
Number of Holdings: 501
CUSIP: 543916191
Minimum Initial Investment: $1,500+

Fund Expense Ratio :

0.80%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 12/31/2007

w/o sales charge	7.64%	6.30%	3.50%	5.61%	-	4.35%
Lipper Category Avg. Loan Participation Funds	-	-	-	-	-	-
CS Leveraged Loan Index	-	-	-	-	-	-
w/ sales charge	5.25%	3.88%	2.71%	5.14%	-	4.08%

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

Fund Expense Ratio :

0.80%

Fund Expense Ratio :

0.80%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 12/31/2007

w/o sales charge	7.64%	6.30%	3.50%	5.61%	-	4.35%
Lipper Category Avg. Loan Participation Funds	-	-	-	-	-	-
CS Leveraged Loan Index	-	-	-	-	-	-
w/ sales charge	5.25%	3.88%	2.71%	5.14%	-	4.08%

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

Fund Expense Ratio :

0.80%

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 of future results.

Credit Quality Distribution as of 08/31/2016 View Portfolio

Rating	Assets
A
BBB
BB
B
<B
Not Rated

Ratings provided by Standard & Poor's and Moody's. Where S&P and Moody's rate a security differently, Lord Abbett uses the higher 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 are not rated. The credit quality distribution breakdown is not an S&P credit rating or an opinion of S&P as to the credit worthiness of the portfolio.

Investment Team

Jeffrey D. Lapin, J.D.

Portfolio Manager

19 Years of Industry Experience

Steven F. Rocco, CFA

Partner & Portfolio Manager

15 Years of Industry Experience

Robert A. Lee

Partner & Chief Investment Officer

25 Years of Industry Experience

Supported By 54 Investment Professionals and 13 Years Avg. Industry Experience

Contact a Representative

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

Performance

Dividend Yield ¹ as of 09/30/2016

	Subsidized³	Un-Subsidized⁴
w/o sales charge	-	4.42%
w/ sales charge	-	4.32%

30-Day Standardized Yield ² as of 08/31/2016


w/o sales charge	4.30%

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

Fund Expense Ratio :

0.80%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 12/31/2007

w/o sales charge	7.64%	6.30%	3.50%	5.61%	-	4.35%
Lipper Category Avg. Loan Participation Funds	-	-	-	-	-	-
CS Leveraged Loan Index	-	-	-	-	-	-
w/ sales charge	5.25%	3.88%	2.71%	5.14%	-	4.08%

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

Fund Expense Ratio :

0.80%

Fund Expense Ratio :

0.80%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 12/31/2007

w/o sales charge	7.64%	6.30%	3.50%	5.61%	-	4.35%
Lipper Category Avg. Loan Participation Funds	-	-	-	-	-	-
CS Leveraged Loan Index	-	-	-	-	-	-
w/ sales charge	5.25%	3.88%	2.71%	5.14%	-	4.08%

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

Fund Expense Ratio :

0.80%

Best returns

Durations	Fund Returns	Blended Index

3-Mo	11.57	18.59
1-Yr	32.26	44.87

Worst returns

Durations	Fund Returns	Blended Index

3-Mo	-20.81	-23.84
1-Yr	-21.31	-28.75

Best & Worst returns reflect a cumulative return for the three-month and one-year periods.

Year	Fund Returns	CS Leveraged Loan Index

2015	0.35%	-0.38%
2014	0.93%	2.06%
2013	5.89%	6.15%
2012	10.12%	9.43%
2011	1.44%	1.82%
2010	8.18%	9.97%
2009	32.26%	44.87%
2008	-21.31%	-28.74%
2007	0.01%	1.87%

Year	Q1	Q2	Q3	Q4	Yearly Returns

2016	1.72%	2.77%	2.98%	-	7.64%
2015	2.05%	0.66%	-1.09%	-1.24%	0.35%
2014	1.05%	1.08%	-0.58%	-0.61%	0.93%
2013	2.52%	0.35%	1.21%	1.69%	5.89%
2012	4.06%	0.57%	3.39%	1.78%	10.12%
2011	1.85%	0.34%	-3.95%	3.35%	1.44%
2010	3.07%	-0.89%	3.23%	2.59%	8.18%
2009	8.97%	11.57%	6.33%	2.31%	32.26%
2008	-3.34%	4.10%	-5.05%	-17.64%	-21.31%
2007	-	-	-	-	0.01%

Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.

Growth of $10,000 as of 08/31/2016

The chart begins on the Fund's inception date of 12/31/2007.

Based on a hypothetical Class A share investment of $10,000 on 12/31/2007 without sales charge and includes the reinvestment of all distributions.

NAV Historical Prices

Date	Net Asset Value

Portfolio

Rating	Assets
Bank Loans
High Yield Bonds
Investment Grade Bonds
ABS
Cash

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

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

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

Credit Quality Distribution as of 08/31/2016

Rating	Assets
A
BBB
BB
B
<B
Not Rated

Portfolio Positioning as of 06/30/2016

Although volatility in the credit markets remained elevated in the second quarter, especially with the surprise vote by the United Kingdom (UK) to leave the European Union (EU), bank loans posted strong gains during the period. We believe volatility may continue as markets digest further political and economic uncertainty surrounding the UK’s decision, its impact on global growth, and the implications for central bank policy.
The portfolio has overweight positions in metals and minerals relative to its benchmark, the Credit Suisse Leveraged Loan Index. In particular, we favor miners of precious metals whose earnings have benefited from increasing commodity prices. We expect this trend to continue, as central banks use ever-increasing amounts of accommodative monetary policy to combat persistently weak economic growth.
The portfolio currently is underweight ‘B’ rated credits relative to its benchmark, although this underweight position narrowed during the quarter, as we rotated out of ‘BB’ rated credits into ‘B’ names to capitalize on valuations. Given attractive valuations, we may look to continue transitioning some ‘BB’ exposure into ‘B’ names going forward.
Spreads on the leveraged-loan index are still above long-term averages, and the average dollar price remains at a discount. Thus, we believe there remains the opportunity for both current income and some capital appreciation in the loan market in 2016.

Portfolio Details as of 08/31/2016

Total Net Assets: $7.17 B
Number of Issues: 501
Average Loan Size: $1.41 B
Average Spread: 3.8553

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

Avago Tech Cayman Ltd.	3.508%	02/01/2023	1.0%
FMG Resources (August 2006) Pty LTD (FMG America Finance, Inc.)	3.750%	06/30/2019	1.0%
CSC Holdings, LLC (fka CSC Holdings Inc. (Cablevision))	5.000%	10/09/2022	0.8%
Dell International LLC	-	06/02/2023	0.8%
First Data Corporation	4.522%	03/24/2021	0.7%
Grifols Worldwide Operations Limited	3.443%	02/27/2021	0.6%
Valeant Pharmaceuticals International, Inc.	4.280%	10/20/2018	0.6%
Aramark Corporation	3.250%	02/24/2021	0.6%
Amaya B.V.	5.000%	08/01/2021	0.6%
MPH Acquisition Holdings LLC	5.000%	06/07/2023	0.6%

% of Total Assets			7.3%

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.

Holding	Coupon	Maturity	Assets

Avago Tech Cayman Ltd.	3.508%	02/01/2023	1.0%
FMG Resources (August 2006) Pty LTD (FMG America Finance, Inc.)	3.750%	06/30/2019	1.0%
CSC Holdings, LLC (fka CSC Holdings Inc. (Cablevision))	5.000%	10/09/2022	0.8%
Dell International LLC	-	06/02/2023	0.8%
First Data Corporation	4.522%	03/24/2021	0.7%
Grifols Worldwide Operations Limited	3.443%	02/27/2021	0.6%
Valeant Pharmaceuticals International, Inc.	4.280%	10/20/2018	0.6%
Aramark Corporation	3.250%	02/24/2021	0.6%
Amaya B.V.	5.000%	08/01/2021	0.6%
MPH Acquisition Holdings LLC	5.000%	06/07/2023	0.6%
Dynegy Finance IV, Inc.	5.000%	06/27/2023	0.5%
Revlon Consumer Products Corporation	-	07/21/2023	0.5%
Level 3 Financing, Inc.	4.000%	01/15/2020	0.5%
PetSmart, Inc.	4.250%	03/11/2022	0.5%
Ineos US Finance LLC	3.750%	05/04/2018	0.5%
Communications Sales & Leasing, Inc. (CSL Capital, LLC)	5.000%	10/24/2022	0.5%
Caesars Entertainment Resort Properties, LLC	7.000%	10/11/2020	0.5%
CDW LLC (fka CDW Corporation)	3.000%	08/17/2023	0.5%
Tribune Media Company (fka Tribune Company)	3.750%	12/27/2020	0.5%
Novelis Inc.	4.000%	06/02/2022	0.5%
PetCo Animal Supplies, Inc.	5.000%	01/26/2023	0.5%
Fly Funding II S.? r.l.	3.540%	08/09/2019	0.5%
ON Semiconductor Corporation	5.250%	03/31/2023	0.5%
Albertson's LLC	4.750%	12/21/2022	0.5%
Harbor Freight Tools USA, Inc.	4.000%	08/18/2023	0.5%
CHG Healthcare Services, Inc (fka CHG Buyer Corporation)	4.750%	06/07/2023	0.5%
MEG Energy Corp.	3.750%	03/31/2020	0.5%
HUB International Limited	4.000%	10/02/2020	0.5%
Supervalu Inc.	5.500%	03/21/2019	0.5%
Chrysler Group LLC	3.250%	12/31/2018	0.5%
MGM Growth Properties Operating Partnership LP	4.000%	04/25/2023	0.5%
Albertson's LLC	4.750%	06/22/2023	0.5%
American Airlines, Inc.	3.250%	06/27/2020	0.5%
Univision Communications Inc.	4.000%	03/01/2020	0.4%
Texas Competitive Electric Holdings Company LLC (TXU)	5.000%	10/31/2017	0.4%
US Foods, Inc. (aka U.S. Foodservice, Inc.)	4.000%	06/27/2023	0.4%
Univar USA Inc.	4.250%	07/01/2022	0.4%
Academy, LTD.	5.000%	07/01/2022	0.4%
Emdeon Inc.	3.750%	11/02/2018	0.4%
Caesars Entertainment Operating Company, Inc. (fka Harrah's Operating Company, Inc.)	11.250%	03/01/2017	0.4%
Huntsman International LLC	3.750%	10/01/2021	0.4%
Burlington Coat Factory Warehouse Corporation	3.500%	08/13/2021	0.4%
First Data Corporation	4.272%	07/08/2022	0.4%
Charter Communications Operating, LLC (aka CCO Safari LLC)	3.500%	01/24/2023	0.4%
Hilton Worldwide Finance, LLC	3.096%	10/25/2023	0.4%
Amplify Snack Brands, Inc.	-	08/22/2023	0.4%
ADS Waste Holdings, Inc.	3.750%	10/09/2019	0.4%
Asurion, LLC (fka Asurion Corporation)	5.000%	05/24/2019	0.4%
Neiman Marcus Group Inc., The	4.250%	10/25/2020	0.4%
Brand Energy & Infrastructure Services, Inc. (fka FR Brand Acquisition Corp)	4.750%	11/26/2020	0.4%
UFC Holdings, LLC	5.000%	07/22/2023	0.4%
iHeartCommunications, Inc. (fka Clear Channel Communications, Inc.)	8.024%	07/30/2019	0.4%
Chesapeake Energy Corporation	-	08/16/2021	0.4%
Prime Security Services Borrower, LLC (aka Protection 1 Security Solutions)	4.750%	05/02/2022	0.4%
Cengage Learning, Inc.	5.250%	06/07/2023	0.4%
Life Time Fitness, Inc.	4.250%	06/10/2022	0.4%
United Air Lines, Inc. (fka Continental Airlines, Inc.)	3.250%	04/01/2019	0.4%
Jo-Ann Stores, Inc.	4.000%	03/16/2018	0.4%
Kraton Performance Polymers, Inc.	6.000%	01/06/2022	0.4%
Keurig Green Mountain, Inc.	5.250%	03/03/2023	0.4%
St Georges Univ	6.250%	06/06/2022	0.4%
Charter Communications Operating, LLC (aka CCO Saf	3.000%	07/01/2020	0.4%
Zayo Group LLC (Zayo Capital, Inc.)	3.750%	05/06/2021	0.4%
Abacus Innovations Corporation (aka Leidos Inc.)	3.274%	08/16/2023	0.3%
Caesars Growth Properties Holdings, LLC	6.250%	05/08/2021	0.3%
American Builders & Contractors Supply Co., Inc.	3.500%	04/16/2020	0.3%
Energy Transfer Equity, L.P.	4.042%	12/02/2019	0.3%
J.C. Penney Corporation, Inc.	5.250%	06/23/2023	0.3%
TI Group Automotive Systems, L.L.C.	4.500%	06/30/2022	0.3%
Federal-Mogul Corporation	4.750%	04/15/2021	0.3%
Delta 2 (Lux) S.a r.l (aka Formula One)	4.750%	07/30/2021	0.3%
Equinox Holdings Inc.	5.000%	01/31/2020	0.3%
Toys 'R' US Property Company I, LLC	6.000%	08/21/2019	0.3%
Kasima, LLC (Digital Cinema)	3.250%	05/17/2021	0.3%
Las Vegas Sands LLC	3.250%	12/19/2020	0.3%
CityCenter Holdings, LLC	4.250%	10/16/2020	0.3%
Dell International LLC	3.750%	10/29/2018	0.3%
Moxie Liberty LLC	7.500%	08/21/2020	0.3%
Berry Plastics Corporation	3.500%	02/08/2020	0.3%
Asurion, LLC (fka Asurion Corporation)	8.500%	03/03/2021	0.3%
Intelsat Jackson Holdings S.A.	3.750%	06/30/2019	0.3%
Michaels Stores, Inc.	3.750%	01/28/2020	0.3%
CHS/Community Health Systems, Inc.	3.324%	01/25/2019	0.3%
XPO Logistics, Inc.	5.500%	11/01/2021	0.3%
US Airways, Inc.	3.500%	05/23/2019	0.3%
Husky Injection Molding Systems Ltd. (Yukon Acquisition Inc.)	4.250%	06/30/2021	0.3%
Gol Luxco S.A.	6.500%	08/31/2020	0.3%
ESH Hospitality, Inc.	-	08/17/2023	0.3%
Freeport-Mcmoran Inc. (fka Freeport-McMoRan Copper & Gold Inc.) (PT Freeport Indonesia)	3.280%	05/31/2018	0.3%
Rite Aid Corporation	5.750%	08/21/2020	0.3%
NN, Inc.	5.750%	10/19/2022	0.3%
Stardust Finance Holdings, Inc. (aka Forterra)	6.500%	03/13/2022	0.3%
Jaguar Holding Company I (aka Pharmaceutical Product Development, Inc.)	4.250%	08/18/2022	0.3%
Alliant Holdings Intermediate, LLC	4.500%	08/12/2022	0.3%
TransDigm Inc.	3.750%	02/28/2020	0.3%
Gates Global LLC	4.250%	07/06/2021	0.3%
Essential Power, LLC	4.750%	08/08/2019	0.3%
Manitowoc Foodservice, Inc.	5.750%	03/03/2023	0.3%
IG Investments Holdings, LLC	6.000%	10/31/2021	0.3%
Asurion, LLC (fka Asurion Corporation)	4.250%	07/08/2020	0.3%
Epicor Software Corporation (fka Eagle Parent Inc.)	4.750%	06/01/2022	0.3%
National Financial Partners Corp.	4.500%	07/01/2020	0.3%
FPC Holdings, Inc.	5.250%	11/19/2019	0.3%
Regal Cinemas Corporation	3.500%	04/01/2022	0.3%
AVSC Holding Corp.	4.500%	01/25/2021	0.3%
Mohegan Tribal Gaming Authority	5.500%	06/15/2018	0.3%
Gardner Denver, Inc.	4.250%	07/30/2020	0.3%
Zekelman Industries, Inc. (fka JMC Steel Group, Inc.)	6.000%	06/14/2021	0.3%
Mirror Bidco Corp. (aka Dematic)	4.250%	12/28/2019	0.3%
Reynolds Group Issuer Inc.	3.500%	07/15/2021	0.3%
Rock Ohio Caesars	5.000%	06/20/2019	0.3%
Sedgwick Claims Management Services, Inc.	3.750%	03/01/2021	0.3%
NBTY, INC.	5.000%	05/05/2023	0.3%
Cemex, S.A.B. de C.V.	-	09/29/2019	0.3%
Candy Intermediate Holdings, Inc.	5.500%	06/15/2023	0.3%
Lions Gate Entertainment Corp.	5.000%	03/17/2022	0.3%
Sensus USA Inc. (fka Sensus Metering Systems)	6.500%	04/05/2023	0.3%
American Airlines, Inc.	3.500%	04/28/2023	0.3%
SolarWinds Holdings, Inc.	5.500%	02/03/2023	0.3%
Science Applications International Corporation	4.000%	05/04/2022	0.3%
Monitronics International, Inc.	4.250%	03/23/2018	0.3%
Dell International LLC	-	06/02/2021	0.3%
RPI Finance Trust	3.500%	11/09/2020	0.3%
Station Casinos LLC	3.000%	06/08/2021	0.3%
OSG Bulk Ships, Inc.	5.250%	08/05/2019	0.3%
HCA Inc.	3.567%	02/15/2024	0.3%
TierPoint, LLC	5.500%	12/02/2021	0.3%
Numericable-SFR S.A.	7.375%	05/01/2026	0.3%
1011778 B.C. Unlimited Liability Company (New Red Finance, Inc.) (aka Burger King/Tim Hortons)	3.750%	12/10/2021	0.3%
Charter Communications Operating, LLC	3.000%	01/03/2021	0.3%
Rite Aid Corporation	4.875%	06/21/2021	0.3%
MH Sub I, LLC (Micro Holding Corp.)	4.750%	07/08/2021	0.3%
Micron Technology, Inc.	6.640%	04/26/2022	0.3%
Energy Future Intermediate Holding Company LLC (EFIH Finance Inc.)	4.250%	12/19/2016	0.3%
Dell International LLC	0.000%	04/29/2020	0.3%
KC MergerSub, Inc.	6.000%	08/12/2022	0.3%
PQ Corporation	5.750%	11/04/2022	0.3%
Red Lobster Management LLC	6.250%	07/28/2021	0.3%
Scientific Games International, Inc.	6.000%	10/18/2020	0.3%
EP Energy LLC (fka Everest Acq LLC/Finance)	0.000%	06/30/2021	0.3%
HCA Inc.	3.774%	03/17/2023	0.3%
Atlantic Aviation FBO Inc.	3.250%	06/01/2020	0.3%
Fairmount Minerals	4.500%	09/05/2019	0.3%
LBM Holdings, LLC	6.250%	08/20/2022	0.3%
Calpine Corporation	3.500%	05/27/2022	0.3%
CPG International Inc.	4.750%	09/30/2020	0.3%
Realogy Group LLC (fka Realogy Corporation)	2.497%	10/23/2020	0.2%
TruGreen Limited Partnership	6.500%	04/08/2023	0.2%
Murray Energy Corp.	8.250%	04/16/2020	0.2%
Seminole Hard Rock Entertainment, Inc. (Seminole Hard Rock International, LLC)	3.500%	05/14/2020	0.2%
Jonah Energy	7.500%	05/12/2021	0.2%
Cowlitz Tribal Gaming Authority	11.500%	12/04/2020	0.2%
Jeld-Wen, Inc. (Onex BP Finance LP)	4.750%	07/01/2022	0.2%
EFS Cogen Holdings I LLC	5.250%	06/28/2023	0.2%
Infor (US), Inc. (fka Lawson Software Inc.)	3.750%	06/03/2020	0.2%
Sterigenics-Nordion Holdings, LLC	4.250%	05/16/2022	0.2%
Tata Chemicals North America	3.750%	08/07/2020	0.2%
Builders FirstSource, Inc.	4.750%	07/31/2022	0.2%
FGI Operating Company, LLC	5.500%	04/19/2019	0.2%
Belk, Inc.	5.750%	12/12/2022	0.2%
Virgin Media Investment Holdings Limited	4.250%	06/30/2023	0.2%
Albany Molecular Research, Inc.	5.750%	07/16/2021	0.2%
Sun Products	5.500%	03/18/2020	0.2%
Envision Healthcare Corporation (fka Emergency Medical Services Corporation)	4.250%	05/25/2018	0.2%
Consolidated Communications, Inc.	4.250%	12/23/2020	0.2%
Surgery Center Holdings, Inc.	5.250%	11/03/2020	0.2%
Sophia, L.P.	4.750%	09/30/2022	0.2%
ION Trading Technologies S.A.R.L.	4.250%	08/11/2023	0.2%
Mauser Holdings	8.750%	07/31/2022	0.2%
Cannery Casino Resorts, LLC	12.500%	10/02/2019	0.2%
EIF Channelview Cogeneration, LLC (fka GIM Channel	4.250%	05/08/2020	0.2%
Dayco Products LLC - (Mark IV Industries, Inc.)	5.250%	12/12/2019	0.2%
C.H.I. Overhead Doors, Inc.	4.500%	07/29/2022	0.2%
Level 3 Financing, Inc.	4.000%	08/01/2019	0.2%
Atkore International, Inc.	7.750%	10/09/2021	0.2%
ATI Holdings Acquisition, Inc.	5.500%	05/10/2023	0.2%
Chief Exploration & Dev LLC	7.500%	05/16/2021	0.2%
Cannery Casino Resorts, LLC	6.000%	10/02/2018	0.2%
Infinity Acquisition, LLC	4.250%	08/06/2021	0.2%
Ortho-Clinical Diagnostics Holdings Luxembourg S.? R.L.	4.750%	06/30/2021	0.2%
Hearthside Group Holdings, LLC	4.500%	06/02/2021	0.2%
California Resources Corp.	-	12/31/2021	0.2%
Realogy Group LLC (fka Realogy Corporation)	3.750%	07/20/2022	0.2%
Applied Systems, Inc.	4.000%	01/25/2021	0.2%
Starwood Property Trust, Inc.	3.500%	04/17/2020	0.2%
BakerCorp	4.250%	02/07/2020	0.2%
CCM Merger, Inc. (MotorCity Casino Hotel)	4.500%	08/06/2021	0.2%
Atkore International, Inc.	4.500%	04/09/2021	0.2%
WaveDivision Holdings, LLC	4.000%	10/15/2019	0.2%
IMS Health Incorporated	3.500%	03/17/2021	0.2%
Apex Tool Group, LLC	4.500%	01/31/2020	0.2%
Tronox Pigments (Netherlands) B. V.	4.500%	03/19/2020	0.2%
Surgical Care Affiliates, Inc.	4.250%	03/17/2022	0.2%
AWAS Finance Luxembourg 2012 S.A.	3.500%	07/16/2018	0.2%
WEX Inc.	4.250%	06/30/2023	0.2%
Cyanco Intermediate Corp.	5.500%	05/01/2020	0.2%
CD&R Millennium Holdco 6 S.? R.L.	4.500%	07/31/2021	0.2%
Huntsman International LLC	4.250%	04/01/2023	0.2%
Scientific Games International, Inc.	6.000%	10/01/2021	0.2%
Envision Healthcare Corporation (fka Emergency Medical Services Corporation)	4.500%	10/28/2022	0.2%
Macdermid, Incorporated (Platform Specialty Products Co.)	5.500%	06/07/2020	0.2%
NEW Asurion Corporation	-	08/10/2021	0.2%
UPC Financing Partnership	4.080%	08/31/2024	0.2%
AMF Bowling Centers, Inc.	-	08/17/2023	0.2%
BMC Software, Inc.	5.000%	09/10/2020	0.2%
BJ's Wholesale Club, Inc.	4.500%	09/26/2019	0.2%
Townsquare Media, Inc.	4.250%	04/01/2022	0.2%
Alere Inc. (fka IM US Holdings, LLC)	4.250%	06/20/2022	0.2%
Leslie's Poolmart, Inc.	5.250%	08/16/2023	0.2%
Calpine Construction Finance Company, L.P.	3.250%	01/31/2022	0.2%
YRC Worldwide Inc.	8.000%	02/13/2019	0.2%
SBA Senior Finance II LLC	3.250%	03/24/2021	0.2%
Electrical Components International, Inc.	5.750%	05/28/2021	0.2%
Nord Anglia Education Finance LLC	5.000%	03/31/2021	0.2%
CPI International Inc.	4.250%	11/17/2017	0.2%
NVA Holdings, Inc.	4.750%	08/14/2021	0.2%
J. Crew Group, Inc.	4.000%	03/05/2021	0.2%
Packaging Coordinators Midco, Inc.	5.000%	07/03/2023	0.2%
California Resources Corp.	3.000%	09/24/2019	0.2%
Callon Petroleum Co.	8.500%	10/08/2021	0.2%
SIG Combibloc Holdings S.C.A. (fka Onex Wizard Acquisition Company II S.C.A.)	4.250%	03/11/2022	0.2%
LTS Buyer LLC (Sidera Networks, Inc.)	4.000%	04/13/2020	0.2%
Ply Gem Industries, Inc.	4.000%	02/01/2021	0.2%
CH Hold Corp.	6.250%	11/20/2019	0.2%
Equinox Holdings Inc.	9.750%	07/31/2020	0.2%
Midas Intermediate Holdco II, LLC	4.500%	08/18/2021	0.2%
Dynacast International LLC	4.500%	01/28/2022	0.2%
DPX Holdings B.V. (fka JLL/Delta Dutch Newco B.V.)	4.250%	03/11/2021	0.2%
Fairpoint Communications, Inc.	7.500%	02/14/2019	0.2%
Eze Software Group LLC	4.000%	04/06/2020	0.2%
VF Holding Corp.	4.750%	06/30/2023	0.2%
Valeant Pharmaceuticals International, Inc.	5.000%	02/13/2019	0.2%
Pods, LLC	4.500%	02/02/2022	0.2%
Lully Finance S.? r.l. (Lully Finance LLC)	5.000%	10/14/2022	0.2%
MPG Holdco.	3.750%	10/20/2021	0.2%
MTS Systems Corporation	5.000%	07/05/2023	0.2%
Plaze, Inc.	5.250%	07/31/2022	0.2%
Consolidated Container	5.000%	07/03/2019	0.2%
SafWay Group Holding LLC	5.750%	08/04/2023	0.2%
Federal-Mogul Corporation	4.000%	04/15/2018	0.2%
Panda Power Funds	6.750%	12/19/2020	0.2%
Ineos Finance PLC	4.250%	03/31/2022	0.2%
GYP Holdings III Corp.	4.750%	04/01/2021	0.2%
NEFF Corp.	7.250%	06/09/2021	0.2%
Summit Materials, LLC	4.000%	07/18/2022	0.2%
Hi-Crush Partners LP	4.750%	04/28/2021	0.2%
Delta 2 (Lux) S.a r.l (aka Formula One)	7.750%	07/29/2022	0.2%
Polyone Corporation	3.500%	11/11/2022	0.2%
Dollar Tree, Inc.	3.500%	07/06/2022	0.2%
Oxbow Carbon & Mineral	8.000%	01/17/2020	0.2%
AMC Entertainment Inc.	4.000%	12/15/2022	0.2%
Telenet Financing USD LLC	4.250%	06/30/2024	0.2%
MWI Holdings, Inc.	6.500%	06/29/2020	0.2%
Cavium, Inc.	3.750%	08/16/2022	0.2%
Meter Readings Holdings, LLC	6.750%	08/29/2023	0.2%
CITGO Petroleum Corporation	4.500%	07/29/2021	0.2%
Unifrax Holding Co.	4.250%	11/28/2018	0.2%
BJ's Wholesale Club, Inc.	8.500%	03/26/2020	0.2%
Infor (US), Inc. (fka Lawson Software Inc.)	3.750%	06/03/2020	0.2%
Vantiv, LLC (fka Fifth Third Processing Solutions, LLC)	3.500%	06/13/2021	0.2%
Macdermid, Incorporated (Platform Specialty Products Corporation)	5.500%	06/07/2020	0.2%
DH Publishing, L.P.	4.000%	08/19/2022	0.2%
TI Group Automotive Systems, L.L.C.	4.500%	06/30/2022	0.2%
Coeur Mining, Inc.	7.875%	02/01/2021	0.2%
Milacron LLC	4.250%	09/28/2020	0.2%
LTI Holdings, Inc. (aka Boyd Corp.)	5.250%	04/15/2022	0.2%
Nationstar Mortgage LLC / Nationstar Capital Corp.	6.500%	07/01/2021	0.2%
Vencore, Inc. (fka SI Organization, Inc., The)	5.750%	11/23/2019	0.2%
Smart & Final, Inc.	4.000%	11/15/2019	0.2%
Rexnord LLC/RBS Global, Inc.	4.000%	08/21/2020	0.2%
National Mentor Holdings, Inc.	4.250%	01/31/2021	0.1%
EMG Utica, LLC	4.750%	03/27/2020	0.1%
Thompson Creek Metals Co., Inc.	7.375%	06/01/2018	0.1%
Gymboree Corp.	5.000%	02/23/2018	0.1%
CITGO Holding, Inc.	9.500%	05/12/2018	0.1%
Peninsula Gaming, LLC	4.250%	11/20/2017	0.1%
AdvancePierre Foods, Inc.	4.500%	06/02/2023	0.1%
Navistar Financial Corporation	3.563%	12/02/2016	0.1%
Brickman Group Hldgs, Inc.	7.500%	12/17/2021	0.1%
National Financial Partners Corp.	9.000%	07/15/2021	0.1%
Weight Watchers International, Inc.	4.000%	04/02/2020	0.1%
Aleris International, Inc.	9.500%	04/01/2021	0.1%
American Airlines, Inc.	3.500%	10/10/2021	0.1%
RP Crown Parent, LLC	6.000%	12/21/2018	0.1%
NRG Energy, Inc.	3.500%	06/30/2023	0.1%
PetCo Animal Supplies, Inc.	5.002%	01/26/2023	0.1%
Trinseo Materials Operating S.C.A. (Trinseo Materials Finance, Inc.)	4.250%	11/05/2021	0.1%
Cemex, S.A.B. de C.V.	3.746%	07/23/2020	0.1%
UFC Holdings LLC	8.500%	08/03/2024	0.1%
Four Seasons Holdings Inc.	5.250%	06/27/2020	0.1%
Samsonite International S.A.	4.000%	05/15/2023	0.1%
Road Infrastructure Investment Holdings, Inc.	5.000%	06/13/2023	0.1%
Wash Multifamily Parent Inc.	4.250%	05/16/2022	0.1%
XPO Logistics, Inc.	4.250%	10/30/2021	0.1%
Diebold, Incorporated	5.250%	11/06/2023	0.1%
Boyd Gaming Corporation	-	08/16/2023	0.1%
Alliant Holdings Intermediate, LLC	5.000%	08/12/2022	0.1%
WireCo WorldGroup Inc.	-	07/21/2023	0.1%
Exopack Holdings S.A.	4.500%	05/08/2019	0.1%
Acadia Healthcare Company, Inc.	4.500%	02/16/2023	0.1%
Duke Finance, LLC	7.000%	10/28/2021	0.1%
Epicor Software Corporation (fka Eagle Parent Inc.)	-	06/01/2022	0.1%
Windstream Services LLC	5.750%	03/14/2021	0.1%
DreamWorks Animation SKG, Inc.	6.875%	08/15/2020	0.1%
Sedgwick Claims Management Services, Inc.	6.750%	02/28/2022	0.1%
P.F. Chang's China Bistro, Inc. (Wok Acquisition Corp.)	4.530%	07/02/2019	0.1%
Seminole Tribe of Florida	3.000%	04/29/2020	0.1%
Dynacast International LLC	9.500%	01/30/2023	0.1%
Kinetic Concepts, Inc. / KCI USA, Inc.	10.500%	11/01/2018	0.1%
Sanchez Energy Corp.	6.125%	01/15/2023	0.1%
Team Health, Inc.	3.750%	11/23/2022	0.1%
Hudson Products	5.000%	03/15/2019	0.1%
Altice Financing S.A.	6.625%	02/15/2023	0.1%
Signode Industrial Group Lux S.A. (Signode Industrial Group US Inc.)	3.750%	05/01/2021	0.1%
CPG Merger Sub LLC	8.000%	10/01/2021	0.1%
Dayton Power & Light Co.	4.000%	08/18/2022	0.1%
Berlin Packaging LLC	7.750%	09/30/2022	0.1%
Tronox Finance LLC	6.375%	08/15/2020	0.1%
Dynagas LNG Partners L.P.	6.250%	10/30/2019	0.1%
AmSurg Corp.	3.500%	07/16/2021	0.1%
Accudyne Industries Borrower S.C.A. / Accudyne Industries, LLC (aka Hamilton Sundstrand)	4.000%	12/13/2019	0.1%
Kate Spade & Company	4.000%	04/09/2021	0.1%
Catalent Pharma Solutions, Inc. (fka Cardinal Health 409, Inc.)	4.250%	05/20/2021	0.1%
Huntsman International LLC	3.587%	04/19/2019	0.1%
Templar Energy LLC	8.500%	11/25/2020	0.1%
Eclipse Resources Corp.	8.875%	07/15/2023	0.1%
Trinidad Drilling Ltd.	7.875%	01/15/2019	0.1%
Cengage Learning, Inc.	9.500%	06/15/2024	0.1%
GTCR Valor Companies, Inc.	7.000%	06/16/2023	0.1%
Phibro Animal Health Corporation	4.000%	04/16/2021	0.1%
WaveDivision Escrow LLC / WaveDivision Escrow Corp	8.125%	09/01/2020	0.1%
Virgin Media Investment Holdings Limited	3.649%	06/30/2023	0.1%
Spectrum Brands, Inc.	3.507%	06/23/2022	0.1%
Frontier Communications Corp.	8.875%	09/15/2020	0.1%
INOVYN Finance plc	6.250%	05/15/2021	0.1%
AVSC Holding Corp.	9.250%	01/24/2022	0.1%
Calpine Construction Finance Company, L.P.	3.000%	05/03/2020	0.1%
Oxbow Carbon & Mineral	4.250%	07/19/2019	0.1%
FTS International, Inc.	8.153%	06/15/2020	0.1%
NXP B.V.	3.750%	12/07/2020	0.1%
Allison Transmission, Inc.	3.500%	08/23/2019	0.1%
NBTY, Inc.	7.625%	05/15/2021	0.1%
FairPoint Communications, Inc.	8.750%	08/15/2019	0.1%
NES Rentals Holdings, Inc.	7.875%	05/01/2018	0.1%
Albertsons Cos LLC / Safeway, Inc. / New Albertson	5.750%	03/15/2025	0.1%
Monitronics International, Inc.	9.125%	04/01/2020	0.1%
New Gold, Inc.	6.250%	11/15/2022	0.1%
Solera Finance, Inc.	10.500%	03/01/2024	0.1%
Texas Competitive Electric Holdings Company LLC (TXU)	5.000%	10/31/2017	0.1%
Denbury Resources, Inc.	5.500%	05/01/2022	0.1%
MasTec, Inc.	4.875%	03/15/2023	0.1%
Tops Holding LLC / Tops Markets II Corp.	8.000%	06/15/2022	0.1%
Energy Transfer Equity, L.P.	3.292%	12/02/2019	0.1%
Oasis Petroleum, Inc.	6.875%	03/15/2022	0.1%
Glob Brass and Copper, Inc.	5.250%	06/16/2023	0.1%
Hudson's Bay Company	4.750%	09/30/2022	0.1%
Clear Channel Worldwide	7.625%	03/15/2020	0.1%
Scientific Games International, Inc.	10.000%	12/01/2022	0.1%
Gold Merger Co, Inc. (aka ExamWorks Group, Inc.)	4.750%	07/27/2023	0.1%
Sedgwick Claims Management Services, Inc.	5.250%	03/01/2021	0.1%
Americold Realty Operating Partnership, L.P.	5.750%	12/01/2022	0.1%
MKS Instruments, Inc.	4.250%	04/19/2023	0.1%
Oxea Finance & Cy S.C.A. (Oxea Finance LLC)	4.250%	01/15/2020	0.1%
Explorer Holdings, Inc.	6.000%	05/02/2023	0.1%
United Air Lines, Inc. (fka Continental Airlines, Inc.)	3.500%	09/15/2021	0.1%
Beacon Roofing Supply, Inc.	4.000%	10/01/2022	0.1%
CEC Entertainment, Inc.	8.000%	02/15/2022	0.1%
Coveris Holdings S.A.	7.875%	11/01/2019	0.1%
K. Hovnanian Enterprises, Inc.	7.250%	10/15/2020	0.1%
Forum Energy Technologies, Inc.	6.250%	10/01/2021	0.1%
Cleaver-Brooks, Inc.	8.750%	12/15/2019	0.1%
Alison US LLC (aka Alstom Auxiliary Components)	5.250%	08/29/2021	0.1%
Alison Bidco S.a r.l. (aka Alstom Auxiliary Components)	5.250%	08/29/2021	0.1%
Ashton Woods USA LLC / Ashton Woods Finance Co.	6.875%	02/15/2021	0.1%
Sinclair Television Group, Inc.	3.500%	07/30/2021	0.1%
Citgo Petroleum Corp.	6.250%	08/15/2022	0.1%
CEC Entertainment, Inc.	4.000%	02/12/2021	0.1%
Sabine Pass Liquefaction LLC	5.750%	05/15/2024	0.1%
Hillman Group, Inc.	6.375%	07/15/2022	0.1%
Ziggo B.V.	3.701%	01/15/2022	0.1%
Lands' End, Inc.	4.250%	04/04/2021	0.1%
Texas Competitive Electric Holdings Company LLC (TXU)	4.970%	10/10/2016	0.1%
Builders FirstSource, Inc.	10.750%	08/15/2023	0.1%
Sinclair Television Group, Inc.	3.000%	04/09/2020	0.1%
Party City Holdings Inc. (Party City Corporation)	4.472%	08/19/2022	0.1%
Valeant Pharmaceuticals International, Inc.	5.250%	08/05/2020	0.1%
Ziggo B.V.	3.652%	01/15/2022	0.1%
General Cable Corp.	5.750%	10/01/2022	0.1%
Acadia Healthcare Company, Inc.	3.750%	02/11/2022	0.1%
ConvaTec Finance International SA	8.250%	01/15/2019	0.1%
WPX Energy, Inc.	6.000%	01/15/2022	0.1%
Sensata Technologies BV	3.000%	10/11/2021	0.1%
Southern Star Central Corp.	5.125%	07/15/2022	0.1%
Air Medical Group Holdings, Inc.	5.000%	04/28/2022	0.1%
ASP MSG Acquisition, Co., Inc. (aka Milk Specialties Group)	6.000%	08/16/2023	0.1%
Milacron LLC / Mcron Finance Corp.	7.750%	02/15/2021	0.1%
FPC Holdings, Inc.	9.250%	05/19/2020	0.1%
Ply Gem Industries, Inc.	6.500%	02/01/2022	0.1%
Titan International, Inc.	6.875%	10/01/2020	0.1%
Greektown Holdings LLC	8.875%	03/15/2019	0.1%
Joseph T Ryerson & Son, Inc.	11.000%	05/15/2022	0.1%
BlueLine Rental Finance Corp.	7.000%	02/01/2019	0.1%
Serta Simmons Holdings LLC	8.125%	10/01/2020	0.1%
Capital Automotive L.P.	6.000%	04/30/2020	0.1%
SESI LLC	6.375%	05/01/2019	0.1%
Jurassic Holdings III, Inc.	6.875%	02/15/2021	0.1%
Teck Resources Ltd.	8.000%	06/01/2021	0.1%
Oxea Finance & Cy S.C.A. (Oxea Finance LLC)	4.500%	01/15/2020	0.1%
SM Energy Co.	6.125%	11/15/2022	0.1%
EZE Software Group LLC	7.250%	04/05/2021	0.1%
FBM Finance, Inc.	8.250%	08/15/2021	0.1%
Apex Tool Group LLC	7.000%	02/01/2021	0.1%
Beazer Homes USA, Inc.	6.406%	03/11/2018	0.1%
Scientific Games International, Inc.	8.125%	09/15/2018	0.1%
Station Casinos LLC	3.750%	06/08/2023	0.1%
BI-LO LLC	9.250%	02/15/2019	0.1%
Equinix, Inc.	4.000%	01/06/2023	0.1%
Eze Software Group LLC	4.500%	04/04/2020	0.1%
Altice US Financing I Corporation	4.250%	12/14/2022	0.1%
Valeant Pharmaceuticals International, Inc.	5.000%	04/01/2022	0.1%
Seadrill Operating LP (Seadrill Partners Finco LLC)	4.000%	02/21/2021	0.1%
Clayton Williams Energy, Inc.	7.750%	04/01/2019	0.1%
Alison US LLC (aka Alstom Auxiliary Components)	9.500%	08/29/2022	0.1%
PPL Energy Supply LLC	6.500%	06/01/2025	0.1%
United States Steel Corp.	8.375%	07/01/2021	0.1%
Digicel Group Ltd.	7.125%	04/01/2022	0.1%
Chassix, Inc.	12.000%	07/29/2019	0.1%
Performance Food Group, Inc.	5.500%	06/01/2024	0.1%
Range Resources Corp.	5.000%	03/15/2023	0.1%
Sugarhouse HSP Gaming Prop Mezz LP/Fin Corp.	6.375%	06/01/2021	0.1%
Goodyear Tire & Rubber Company, The	3.750%	04/30/2019	0.1%
Infogroup Inc.	7.000%	05/28/2018	0.1%
FTS International	5.750%	04/16/2021	0.1%
Novelis Corp.	6.250%	08/15/2024	0.1%
Frontier Communications Corp.	11.000%	09/15/2025	0.1%
PaperWorks Industries, Inc.	9.500%	08/15/2019	0.1%
Pinnacle Entertainment, Inc.	3.750%	04/28/2023	0.1%
Neptune Finco Corp.	10.875%	10/15/2025	0.1%
Ziggo B.V.	3.656%	01/15/2022	0.1%
Alere Inc. (fka IM US Holdings, LLC)	3.520%	06/18/2020	0.1%
Sandy Creek Energy Associates	5.000%	11/09/2020	0.1%
Care UK Health	6.130%	07/15/2019	0.1%
PF Chang's China Bistro, Inc.	10.250%	06/30/2020	0.1%
Ineos US Finance LLC	3.750%	12/15/2020	0.1%
WhiteWave Foods Co.	5.375%	10/01/2022	0.1%
American Rock Salt Company LLC	4.750%	05/20/2021	0.1%
Longview Power	7.000%	03/25/2021	0.1%
Blue Racer Midstream LLC	6.125%	11/15/2022	0.1%
Intelsat Luxembourg S.A.	6.750%	06/01/2018	0.1%
T-Mobile USA, Inc.	6.500%	01/15/2026	0.1%
FCA US LLC (fka Chrysler Group LLC)	3.500%	05/24/2017	0.1%
Teck Resources Ltd.	4.750%	01/15/2022	0.1%
Grupo Idesa S.A. de C.V.	7.875%	12/18/2020	0.1%
Husky Injection Molding Systems Ltd. (Yukon Acquisition Inc.)	7.250%	06/30/2022	0.0%
Precision Drilling Corp.	6.500%	12/15/2021	0.0%
Hexion, Inc.	6.625%	04/15/2020	0.0%
Macdermid, Incorporated (Platform Specialty Products Co.)	5.500%	06/07/2020	0.0%
T-Mobile USA, Inc.	6.375%	03/01/2025	0.0%
TransDigm Inc.	3.750%	06/04/2021	0.0%
Hexion, Inc.	8.875%	02/01/2018	0.0%
Bass Pro Group, LLC	4.000%	06/05/2020	0.0%
Gray Television, Inc.	5.875%	07/15/2026	0.0%
SPX FLOW, Inc.	5.625%	08/15/2024	0.0%
EWT Holdings III Corp. (fka WTG Holdings III Corp.)	5.500%	01/15/2021	0.0%
NVA Holdings, Inc.	5.500%	08/14/2021	0.0%
Boise Cascade Co.	5.625%	09/01/2024	0.0%
ANCHC 2014-3A	4.243%	04/28/2026	0.0%
Hilton Worldwide Finance, LLC	3.500%	10/26/2020	0.0%
NSG Holdings LLC / NSG Holdings, Inc.	7.750%	12/15/2025	0.0%
NMSC Holdings, Inc.	6.000%	04/19/2023	0.0%
iHeartCommunications, Inc. (fka Clear Channel Communications, Inc.)	7.274%	01/30/2019	0.0%
Delta Air Lines, Inc.	3.250%	10/18/2018	0.0%
EMI Music Publishing Group North America Holdings	7.625%	06/15/2024	0.0%
Memorial Resource Development Corp.	5.875%	07/01/2022	0.0%
Bonanza Creek Energy, Inc.	6.750%	04/15/2021	0.0%
Precision Drilling Corp.	5.250%	11/15/2024	0.0%
Wind Acquisition Finance S.A.	3.813%	07/15/2020	0.0%
JPARK 2016 - 1A	-	10/20/2027	0.0%
Ply Gem Industries, Inc.	6.500%	02/01/2022	0.0%
ALM V Ltd.	4.579%	10/18/2027	0.0%
Aramark Corporation	3.250%	09/07/2019	0.0%
Monitronics International, Inc.	4.500%	04/08/2022	0.0%
KKR 15	-	10/18/2028	0.0%
Ameren Energy Generating Co.	7.000%	04/15/2018	0.0%
FAGE International SA/ FAGE USA Dairy Industry Inc	5.625%	08/15/2026	0.0%
FTS International, Inc.	6.250%	05/01/2022	0.0%
Wash Multifamily Parent Inc.	4.250%	05/16/2022	0.0%
Fairmount Minerals	4.500%	09/05/2019	0.0%
U.S. Silica Company	4.000%	07/23/2020	0.0%
Murphy Oil Corp.	6.875%	08/15/2024	0.0%
Chemours Co.	7.000%	05/15/2025	0.0%
Foresight Energy	7.500%	08/21/2020	0.0%
Jo-Ann Stores Holdings Inc	9.750%	10/15/2019	0.0%
FX USD/GBP 10/16	-	10/19/2016	0.0%
FX USD/EUR 11/16	-	11/16/2016	0.0%
Mirabela Nickel Ltd.	-	-	0.0%
US 10YR NOTE (CBT)DEC16	0.000%	12/30/2016	0.0%
US 5YR NOTE (CBT) DEC16	0.000%	01/05/2017	0.0%
Mirabela Nickel Ltd.	1.000%	09/16/2044	0.0%
FX USD/GBP 10/16	-	10/19/2016	0.0%
FX USD/GBP 10/16	-	10/19/2016	0.0%

Dividends & Cap Gains

Dividend Payments

For

YTD Dividends Paidas of 09/30/2016: $0.310
Dividend Frequency: Monthly (Daily Accrual)

Record Date	Ex-Dividend Date	Reinvest & Payable Date	Dividend	Reinvest Price
Daily	Daily	09/30/2016	$0.03372	$9.15
Daily	Daily	08/31/2016	$0.03756	$9.12
Daily	Daily	07/31/2016	$0.03560	$9.08
Daily	Daily	06/30/2016	$0.03555	$8.99
Daily	Daily	05/31/2016	$0.03528	$9.02
Daily	Daily	04/30/2016	$0.03366	$8.98
Daily	Daily	03/31/2016	$0.03399	$8.85
Daily	Daily	02/29/2016	$0.03254	$8.67
Daily	Daily	01/31/2016	$0.03293	$8.72

Upcoming Dividend Payment Dates

Record Date	Ex-Dividend Date	Reinvest & Payable Date
Daily	Daily	10/31/2016
Daily	Daily	11/30/2016
Daily	Daily	12/31/2016

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	$9.50

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
12/15/2016	12/16/2016

Fees & Expenses

Sales Charge Schedule as of 09/30/2016

	Sales Charge	Dealer's Concession	Prices at Breakpoint
Less than $100,000	2.25%	2.00%	$9.36
$100,000 to $249,999	1.75%	1.50%	$9.31
$250,000 to $499,999	1.25%	1.00%	$9.27
$500,000 to $999,999	0.00%	1.00%	$9.15
$1,000,000 to $5,000,000	0.00%	1.00%	$9.15

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 08/31/2016

Fund Review

Market Review as of 06/30/2016

Major categories of U.S. fixed income securities posted positive returns for the second quarter of 2016, with high yield credit outperforming investment grade bonds, driven by the recovery in commodity prices and the continued search for yield. Volatility increased towards the end of the quarter, capped off by the United Kingdom’s decision to exit the European Union. After side-stepping for the most part the landmine that was “Brexit,” securities markets grinded higher into the end of the quarter, buoyed by accommodative central banks.

Following its policy meeting on June 14–15, the U.S. Federal Reserve (Fed) released a statement indicating that the pace of improvement in the labor market had slowed, noting that job gains had diminished despite the lower unemployment rate. On the other side, growth in economic activity appeared to have picked up, driven by growth in household spending. The Fed again noted that inflation is expected to remain low in the near term, in part because of earlier declines in energy prices, but is expected to rise to 2% over the medium term as the transitory effects of past declines in energy and import prices dissipate and the labor market strengthens further. During the June meeting, the Fed decided to maintain its target for the Federal Funds Rate in the range of 0.25–0.50%, and declared “the stance of monetary policy remains accommodative, thereby supporting further improvement in labor market conditions and a return to 2% inflation.”¹ Fed policymakers’ median projected estimate for the fed funds fell to 0.9% for the end of 2016.²

U.S. inflation continued to struggle in reaching the Fed’s 2% inflation target, as the overall Consumer Price Index (CPI)³ increased just 1.0% over the 12-month period ended May 2016. CPI (excluding food and energy prices) increased 2.2% over the same 12-month period.⁴

The U.S. Bureau of Labor Statistics reported that non-farm payrolls increased by just 38,000 in May, below the trailing three-month average monthly gain of 116,000. The change in total nonfarm payroll employment for March and April were also revised lower, resulting in employment gains that were 59,000 less than had been previously reported over these two months. Despite the slowing pace of job growth, the unemployment rate declined from 5.0 to 4.7%.⁵

U.S. Treasuries (as represented by the BofA Merrill Lynch U.S. Treasury Index⁶) posted a return of 2.24% for the three-month period ended June 30, 2016. The high yield bond market (as represented by the BofA Merrill Lynch U.S. High Yield Constrained Index⁷) posted a positive return of 5.88% for the quarter, and is now positive 9.32% year to date. The floating rate loan market (as represented by the Credit Suisse Leveraged Loan Index⁸) returned 2.86%, outperforming the broad Barclays U.S. Aggregate Bond Index⁹, with performance driven by lower rated loans. The convertible bond market (as represented by the BofA Merrill Lynch All Convertibles, All Qualities Index¹⁰) returned 3.63%, also benefitting from a rally in risk assets.

Among higher credit quality securities, investment grade corporate debt (as represented by the Barclays U.S. Corporate Bond Index¹¹) posted a return of 3.57%. Corporate bond spreads continued to tighten during the quarter from the wide levels reached in early February, a period of extreme risk aversion. Agency mortgage-backed securities (as represented by the Barclays MBS Index¹²) returned 1.11%. Commercial MBS (CMBS) (as represented by the Barclays U.S. CMBS Investment Grade Index¹³) returned 2.22%.

The municipal bond market (as represented by the BofA Merrill Lynch U.S. Municipal Securities Index¹⁴) posted a 2.72% return, outperforming the BofA Merrill Lynch U.S. Treasury Index, even before accounting for the tax exempt status of municipal bonds. Overall creditworthiness in the municipal bond market continues to improve, as most states’ finances experienced rising revenues, while maintaining balanced budgets.

Within emerging markets, the major drivers of strong performance included a dovish Fed, a weaker U.S. dollar, and a strong rally in commodity prices. Thus, U.S. dollar-denominated emerging markets corporate debt (as measured by the JP Morgan Corporate Emerging Markets Bond Index Broad Diversified Index¹⁵)returned 3.33%, underperforming most U.S.-centric, fixed income asset classes.

According to J.P. Morgan Securities, high yield new issue volume tapered somewhat in June with the Brexit vote serving as an overhang. High yield issuance totaled $104.1 billion for second quarter 2016, which was a 19% decrease from the year-ago quarter, but a 103% improvement from the first quarter of 2016. June’s institutional loan issuance was the heaviest in more than three years, reaching $73.0 billion, a by-product of a big increase in re-pricing and refinancing activity. Institutional loan volume has climbed, to $161.0 billion year to date, compared with $207.5 billion a year ago. Default activity fell in June, to a year-to-date-low, as two companies defaulted, totaling $1.4 billion. This marked the lowest number of defaults since October 2015, and is the third consecutive month-over-month decline. Year to date, 37 companies have defaulted, with debt totaling $43.8 billion ($35.2 billion in bonds and $8.6 billion in loans), which is already 16% higher than full-year 2015’s $37.7 billion of total default volume. It should be noted that default activity has been driven by companies in the energy and metals/mining sectors, with over 80% of this year’s default volume coming from commodity-related names, according to J.P. Morgan Securities.

Fund Review as of 06/30/2016

The Fund* modestly underperformed its benchmark, the Credit Suisse Leveraged Loan Index,⁸ for the quarter ended June 30, 2016.

The Fund has overweight positions in metals and minerals relative to its benchmark. In particular, we favor miners of precious metals whose earnings have benefited from increasing commodity prices. We expect this trend to continue, as central banks use ever-increasing amounts of accommodative monetary policy to combat persistently weak economic growth. The Fund has underweight positions in the service and health care sectors. Concerns relating to the pharmaceutical industry and a loss of earnings momentum in hospitals drove the Fund’s underweight in health care during the quarter. A lack of attractive opportunities underlies our underweight to the service sector. The Fund currently is underweight in ‘B’ rated credits relative to its benchmark, although this underweight position narrowed during the quarter, as we rotated out of ‘BB’ rated credits into ‘B’ names to capitalize on valuations. Given attractive valuations, we may look to continue transitioning some ‘BB’ exposure into ‘B’ names going forward.

The utility and gaming/leisure sectors detracted from relative performance during the quarter. Security selection within both sectors detracted from relative performance. The Fund’s allocation to high yield bonds also likely contributed to relative performance, as the high yield bond market outperformed the floating rate loan market.

The energy and metals/minerals sectors were among those that contributed the most to performance on a relative basis. An overweight to both sectors contributed to relative performance.

Please refer to www.lordabbett.com under the “Portfolio” tab for a complete list of holdings of the Fund, including the securities discussed above.

Outlook

The United Kingdom’s decision to depart from the European Union has introduced a great deal of uncertainty into the market; as such, we believe central banks will remain accommodative in order to stabilize markets and foster global growth. Further accommodation and a global search for yield should benefit risk assets, as long as central bank actions remain consistent with one another. Although fears have abated to a degree about China’s economic slowdown, and the possibility of a disruptive currency devaluation, the economic situation there remains another area of uncertainty. The Chinese economy is a critical component of the global economy, and particularly for the Asian region. Further instability has the potential to disrupt global markets.

Broadly speaking, we remain generally optimistic that the U.S. economy will continue to grow at a steady, albeit subpar, pace. We still view credit-sensitive sectors of the market as representing attractive relative value, although we do believe that there is the potential for episodes of further spread widening, as the market continues to struggle with low global growth.

*Class A Share at net asset value (NAV). For the latest NAV, including maximum sales charges (MOP) performance information, visit us at lordabbett.com. Past performance is not indicative of future results. Current performance may be higher or lower than the performance quoted.

If applicable, “Modestly” is defined as any under or outperformance within 100 basis points (bps) for equity funds and 50 basis points (bps) for fixed income funds as compared to the Fund's benchmark.

¹“Press Release—Federal Reserve Issues FOMC Statement," Federal Reserve, June 15, 2016.

²“Economic Projections of Federal Reserve Board Members and Federal Reserve Bank Presidents, June 2016,” Federal Reserve, June 15, 2016.

³The Consumer Price Index (CPI) measures the price changes for each item in a predetermined basket of goods and services, and the inputs are weighted according to their importance to consumers.

⁴“News Release: Consumer Price Index Summary,” Bureau of Labor Statistics, June 16, 2016.

⁵“News Release: Employment Situation Summary,” Bureau of Labor Statistics, June 3, 2016.

⁶The BofA Merrill Lynch U.S. Treasury Index tracks the performance of U.S. dollar-denominated sovereign debt publicly issued by the U.S. government in its domestic market. Qualifying securities must have at least one year remaining term to final maturity, a fixed coupon schedule, and a minimum amount outstanding of $1 billion. Qualifying securities must have at least 18 months to final maturity at the time of issuance. Callable perpetual securities qualify provided they are at least one year from the first call date. Fixed-to-floating rate securities also qualify provided they are callable within the fixed rate period and are at least one year from the last call prior to the date the bond transitions from a fixed to a floating-rate security. Bills, inflation-linked debt, and strips are excluded from the index; however, original issue zero coupon bonds are included in the index and the amounts outstanding of qualifying coupon securities are not reduced by any portions that have been stripped. Securities issued or marketed primarily to retail investors do not qualify for inclusion in the index. Index constituents are capitalization-weighted based on their current amount outstanding times the market price plus accrued interest.

⁷The BofA Merrill Lynch U.S. High Yield Constrained Index is a capitalization‐weighted index of all US dollar denominated below investment grade corporate debt publicly issued in the US domestic market. Qualifying securities must have a below investment grade rating (based on an average of Moody’s, S&P and Fitch), at least 18 months to final maturity at the time of issuance, at least one year remaining term to final maturity as of the rebalancing date, a fixed coupon schedule and a minimum amount outstanding of $100 million. The index caps individual issuer at 2%. Index constituents are capitalization weighted, based on their current amount outstanding, provided the total allocation to an individual issuer does not exceed 2%. Issuers that exceed the limit are reduced to 2% and the face value of each of their bonds is adjusted on a pro‐rata basis. The face values of bonds of all other issuers that fall below the 2% cap are increased on a pro‐rata basis. In the event there are fewer than 50 issuers in the Index, each is equally weighted and the face values of their respective bonds are increased or decreased on a pro‐rata basis.

⁸The 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, which includes reinvested dividends, has been taken from published sources.

⁹The 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.

¹⁰The BofA Merrill Lynch All Convertibles, All Qualities Index contains issues that have a greater than $50 million aggregate market value. The issues are U.S. dollar-denominated, sold into the U.S. market, and publicly traded in the United States.

¹¹The Barclays U.S. Corporate Bond Index includes all publicly held issued, fixed-rate, nonconvertible investment-grade corporate debt. The index is composed of both U.S. and Brady bonds.

¹²The Barclays Mortgage-Backed Securities Index is an unmanaged index composed of all fixed securities mortgage pools by GNMA, FNMA, and the FHLMC, including GNMA graduated payment mortgages.

¹³The Barclays U.S. CMBS Investment Grade Index measures the market of conduit and fusion CMBS deals with a minimum current deal size of $300 million. The index is divided into two subcomponents: the U.S. Aggregate-eligible component, which contains bonds that are ERISA eligible under the underwriter's exemption, and the non-U.S. Aggregate-eligible component, which consists of bonds that are not ERISA eligible.

¹⁴The BofA Merrill Lynch U.S. Municipal Securities Index tracks the performance of U.S. dollar-denominated investment-grade tax-exempt debt publicly issued by U.S. states and territories, and their political subdivisions, in the U.S. domestic market. Qualifying securities must have at least one year remaining term to final maturity, a fixed coupon schedule, and an investment-grade rating (based on an average of Moody’s, Standard & Poor’s, and Fitch). Minimum size requirements vary based on the initial term to final maturity at time of issuance. Securities with an initial term to final maturity greater than or equal to one year and less than five years must have a current amount outstanding of at least $10 million. Securities with an initial term to final maturity greater than or equal to five years and less than 10 years must have a current amount outstanding of at least $15 million. Securities with an initial term to final maturity of 10 years or more must have a current amount outstanding of at least $25 million. The call date on which a pre-refunded bond will be redeemed is used for purposes of determining qualification with respect to final maturity requirements. Original issue zero coupon bonds are included in the index. Taxable municipal securities and 144a securities are excluded from the index.

¹⁵The J.P. Morgan Corporate Emerging Markets Bond Index Broad Diversified (CEMBI BD) is a market capitalization-weighted index that tracks total returns of U.S. dollar-denominated debt instruments issued by corporate entities in emerging markets countries. The index limits the current face amount allocations of the bonds in the CEMBI Broad by constraining the total face amount outstanding for countries with larger debt stocks.

The indexes are presented for informational purposes only and are not presented to illustrate any specific product or security. Unless otherwise specified, indexes reflect total return, with all dividends reinvested. Indexes are unmanaged, do not reflect the deduction of fees or expenses, and are not available for direct investment. Past performance is not a reliable indicator or guarantee of future results. Past performance is not a reliable indicator or guarantee of future results.

Treasuries are debt securities issued by the U.S. government and secured by its full faith and credit. Income from Treasury securities is exempt from state and local taxes. Although U.S. government securities are guaranteed as to payments of interest and principal, their market prices are not guaranteed and will fluctuate in response to market movements.

The Fund’s portfolio is actively managed and, therefore, its holdings and the weightings of a particular issuer or a particular sector as a percentage of portfolio assets may change significantly over time. Sectors may include many industries. The mention of specific portfolio holdings 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.

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.

The credit quality of the securities in a portfolio are assigned by a nationally recognized statistical rating organization (NRSRO), such as Standard & Poor’s, Moody’s, or Fitch, as an indication of an issuer’s creditworthiness. 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.

The views and information discussed in this commentary are as of June 30, 2016, are subject to change, and may not reflect the views of the firm as a whole. The views expressed in market commentaries are at a specific point in time, are opinions only, and should not be relied upon as a forecast, or research or investment advice regarding a particular investment or the markets in general. Information discussed should not be considered a recommendation to purchase or sell securities.

Investors should carefully consider the investment objectives, risks, charges, and expenses of the Lord Abbett Funds. This and other important information is contained in the Fund’s summary prospectus and/or prospectus. To obtain a prospectus or summary prospectus on any Lord Abbett mutual fund, contact your investment professional, Lord Abbett Distributor LLC at 888-522-2388 or visit us at www.lordabbett.com. Read the prospectus carefully before investing.

Fund Documents

Download fund documents & literature, create email subscriptions, and place direct mail order

	0Documents selected				Order
	Summary Prospectus Publish Date:11/03/2015
n/a	Statutory Prospectus Publish Date:11/03/2015
n/a	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
	Flyer Publish Date:11/03/2015
	Fixed Income Flyer Publish Date:11/03/2015
n/a	Capital Markets Presentation Publish Date:11/03/2015

To order literature visit full website

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

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

	Quantity Quantity	Remove Remove

Proceed to Checkout

(3 items)

View all forms & documents

^‡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.

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.

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.

The Fund’s Dividend Yield and 12-Month Dividend 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.

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.

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.

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 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.

Featured Video

MUTUAL FUND FINDER

Founded in 1929, Lord Abbett has a singular focus of the management of money and a heritage of independence. These strengths have enabled us to forge a culture that is investment-led and investor-focused.

Career Opportunities

Error!

Error!

Error!

Tracked Funds

Quick Links

Pending Orders

LOG IN TO CONTINUE

LOG IN

QUICK LINKS

Financial Professional

Verify Your Email Address

I have not received my verification email.

I'm still having trouble

REGISTER AT LORDABBETT.COM

FORGOT YOUR LORDABBETT.COM PASSWORD?

Financial Professionals

Forgot Password

Thank you.

Financial Professional*

ACCESS OTHER ACCOUNTS

Individual Investors

ACCESS OTHER ACCOUNTS

No LinkedIn Match Found » Verify Your Email Address

We are checking our database and LinkedIn for your information. Thank you for your patience.

Cannot Connect to LinkedIn

A verification Email Has Been Sent

I have not received my verification email

I'm still having trouble

We're sorry. We found no record of the email address you provided.

Register For a LordAbbett.com Account Using Your Email Address.

Registered but Having Problems?

Terms & Condition

Reset Your Password

Financial Professionals*

Confirmation Message

Load

Load Waived

Share

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

ATTRACTIVE INCOME & LOW EXPENSES

ATTRACTIVE RETURN FOR RISK

Yield

Dividend Yield 1 as of 09/30/2016

30-Day Standardized Yield 2 as of 08/31/2016

Expense Ratioas of 08/31/2016

Fund Basicsas of 08/31/2016

Fund Expense Ratio :

0.80%

Fund Expense Ratio :

0.80%

Fund Expense Ratio :

0.80%

Fund Expense Ratio :

0.80%

RELATED CONTENT

Credit Quality Distribution as of 08/31/2016 View Portfolio

Investment Team

Contact a Representative

Performance

Performance

Dividend Yield 1 as of 09/30/2016

30-Day Standardized Yield 2 as of 08/31/2016

Fund Expense Ratio :

0.80%

Fund Expense Ratio :

0.80%

Fund Expense Ratio :

0.80%

Fund Expense Ratio :

0.80%

Growth of $10,000 as of 08/31/2016

NAV Historical Prices

Register For a LordAbbett.com Account
Using Your Email Address.

Dividend Yield ¹ as of 09/30/2016

30-Day Standardized Yield ² as of 08/31/2016

Dividend Yield ¹ as of 09/30/2016

30-Day Standardized Yield ² as of 08/31/2016