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Floating Rate Fund

Daily price w/o sales charge as of 04/22/2019

$8.96

arrowUp$0.01

YTD Returns w/o sales charge as of 04/22/2019

4.80%

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

Click here to view all legal text including risk information

Summary

Summary

What is the 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 04/22/2019  

w/o sales charge 5.78%
w/ sales charge 5.65%

30-Day Standardized Yield 2 as of 03/31/2019  

5.40%

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

Expense Ratioas of 03/31/2019

Fund Basicsas of 03/29/2019

Total Net Assets
$12.38 B
Inception Date
12/31/2007
Dividend Frequency
Monthly (Daily Accrual)
Number of Holdings
543
Minimum Initial Investment
$1,500+

Fund Expense Ratio :

0.79%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2007
w/o sales charge 3.41% 1.98% 5.00% 3.37% 6.36% 4.20%
Lipper Category Avg. Loan Participation Funds 3.64% 2.18% 4.84% 2.81% 6.65% -
CS Leveraged Loan Index 3.78% 3.33% 5.87% 3.83% 7.95% 4.50%
w/ sales charge 1.08% -0.30% 4.22% 2.90% 6.12% 3.99%

Fund Expense Ratio :

0.79%

Fund Expense Ratio :

0.79%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2007
w/o sales charge 3.41% 1.98% 5.00% 3.37% 6.36% 4.20%
Lipper Category Avg. Loan Participation Funds 3.64% 2.18% 4.84% 2.81% 6.65% -
CS Leveraged Loan Index 3.78% 3.33% 5.87% 3.83% 7.95% 4.50%
w/ sales charge 1.08% -0.30% 4.22% 2.90% 6.12% 3.99%

Fund Expense Ratio :

0.79%

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.

RELATED CONTENT

Bank Loans: What’s the State of Floating Rate?
January 14, 2019

In light of the recent volatility, we address key questions for investors in U.S. bank loans.

Volatility Worries? Consider This Diversified Approach to Income
November 26, 2018

A strategic combination of ultra-short and short-term fixed-income securities, along with bank loans, may be an attractive option for income and total return amid market turmoil.

Bank Loans: A Source of Stability in a Volatile Market
November 19, 2018

Floating-rate bank loans have weathered the recent tumult comparatively well, and, in our view, continue to be favorably positioned in the current economic environment.

Type Assets
Bank Loans
High Yield Bonds
ABS
Equity
Investment Grade Bonds
Other
Cash

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

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

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

Credit Quality Distribution as of 03/29/2019 View Portfolio

Rating Assets
Treasury
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

22 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Director of Taxable Fixed Income

18 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Chief Investment Officer

28 Years of Industry Experience

Kearney Posner
Kearney M. Posner, CFA

Portfolio Manager

18 Years of Industry Experience

Supported By 67 Investment Professionals with 15 Years Avg. Industry Experience

Contact a Representative

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

Performance

Performance

Dividend Yield 1 as of 04/22/2019  

w/o sales charge 5.78%
w/ sales charge 5.65%

30-Day Standardized Yield 2 as of 03/31/2019  

  Subsidized3 Un-Subsidized4
w/o sales charge 5.40% 5.40%

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

Fund Expense Ratio :

0.79%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2007
w/o sales charge 3.41% 1.98% 5.00% 3.37% 6.36% 4.20%
Lipper Category Avg. Loan Participation Funds 3.64% 2.18% 4.84% 2.81% 6.65% -
CS Leveraged Loan Index 3.78% 3.33% 5.87% 3.83% 7.95% 4.50%
w/ sales charge 1.08% -0.30% 4.22% 2.90% 6.12% 3.99%

Fund Expense Ratio :

0.79%

Fund Expense Ratio :

0.79%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2007
w/o sales charge 3.41% 1.98% 5.00% 3.37% 6.36% 4.20%
Lipper Category Avg. Loan Participation Funds 3.64% 2.18% 4.84% 2.81% 6.65% -
CS Leveraged Loan Index 3.78% 3.33% 5.87% 3.83% 7.95% 4.50%
w/ sales charge 1.08% -0.30% 4.22% 2.90% 6.12% 3.99%

Fund Expense Ratio :

0.79%

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.

Year Fund Returns CS Leveraged Loan Index
2018 -0.23% 1.14%
2017 3.86% 4.25%
2016 9.89% 9.88%
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% -
2007 0.01% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2019 3.41% - - - 4.80%
2018 1.17% 0.72% 1.76% -3.78% -0.23%
2017 0.92% 0.44% 1.12% 1.33% 3.86%
2016 1.72% 2.77% 2.98% 2.09% 9.89%
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 03/31/2019

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

Portfolio

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

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

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

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

Credit Quality Distribution as of 03/29/2019

Rating Assets
Treasury
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 12/31/2018

  • Leveraged loans were challenged over the fourth quarter amid fears of slowing global growth and potential U.S. Federal Reserve (Fed) policy mistakes, sharp equity and oil price declines, and technical pressures.
  • We trimmed the portfolio’s long standing overweight to the gaming and leisure sector, as valuations are becoming full in our view; however, the portfolio remains overweight, as fundamentals remain solid. We believe strong economic growth combined with falling unemployment is conducive to an increase in discretionary spending for consumers and continues to be a tailwind for the sector.
  • The portfolio is overweight the aerospace sector, as we believe increasing global passenger demand along with a solid backdrop for continued defense spending due to rising geopolitical tensions are tailwinds for this sector.
  • The portfolio is underweight the service sector, in an effort to be positioned more defensively and up-in-liquidity, as this sector tends to be more cyclical and contain smaller issue sizes.
  • We trimmed the portfolio’s overweight to CCC-rated loans over the quarter. However, given current valuations, solid economic growth in the United States, and our expectation for default rates to trend lower, the portfolio remains overweight the lower-rated segment of the loan market.

Portfolio Details as of 03/29/2019

Total Net Assets
$12.38 B
Number of Issues
543
Average Loan Size
$1.56 B
Average Spread
3.5796

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
US Treasury 2.490% 04/30/2019 3.2%
CenturyLink, Inc. 5.249% 01/31/2025 0.9%
Scientific Games International, Inc. 5.314% 08/14/2024 0.7%
Hub International LTD 5.515% 04/25/2025 0.7%
Change Healthcare Holdings, Inc. (fka Emdeon Inc.) 5.249% 03/01/2024 0.6%
Albertson's LLC 5.499% 11/17/2025 0.6%
Regionalcare Hospital Prtnrs 6.982% 11/16/2025 0.6%
Stars Group Holdings B.V. 6.101% 07/10/2025 0.5%
Starfruit Finco B.V. (Starfruit US Holdco LLC) (aka AkzoNobel) 5.740% 10/01/2025 0.5%
Verscend Holding Corp. 6.999% 08/27/2025 0.5%
% of Total Assets 8.8%

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
US Treasury2.490% 04/30/20193.1%
PowerShares Senior Loan Portfolio0.000% -1.0%
CenturyLink, Inc.5.243% 01/31/20250.9%
Scientific Games International, Inc.5.312% 08/14/20240.7%
Hub International LTD5.514% 04/25/20250.7%
Stars Group Holdings B.V.6.303% 07/10/20250.6%
Change Healthcare Holdings, Inc. (fka Emdeon Inc.)5.243% 03/01/20240.6%
Albertson's LLC5.493% 11/17/20250.6%
Regionalcare Hospital Prtnrs6.981% 11/16/20250.5%
Boxer Parent Company Inc. (aka BMC Software, Inc.)7.053% 10/02/20250.5%
CSC Holdings, LLC (fka CSC Holdings Inc. (Cablevision))4.739% 07/17/20250.5%
Starfruit Finco B.V. (Starfruit US Holdco LLC) (aka AkzoNobel)5.764% 10/01/20250.5%
Verscend Holding Corp.6.993% 08/27/20250.5%
Sprint Communications, Inc.5.000% 02/02/20240.5%
SS&C Technologies Holdings, Inc.4.743% 04/16/20250.5%
MPH Acquisition Holdings LLC5.553% 06/07/20230.5%
Financial & Risk US Holdings, Inc. (aka Refinitiv)6.243% 10/01/20250.5%
CEOC, LLC (aka Caesars Entertainment Operating Company)4.493% 10/07/20240.5%
Graftech Finance, Inc.5.993% 01/31/20250.5%
ION Trading Technologies S.A.R.L.6.634% 11/21/20240.5%
Ortho-Clinical Diagnostics, Inc.5.752% 06/30/20250.5%
Seattle SpinCo, Inc. (aka Micro Focus International PLC)4.993% 06/21/20240.5%
JBS USA Lux S.A. (fka JBS USA, LLC)5.256% 10/30/20220.5%
Hearthside Group Holdings6.181% 05/17/20250.4%
SolarWinds Holdings, Inc.5.243% 02/05/20240.4%
Life Time Fitness, Inc.5.379% 06/10/20220.4%
Sophia, L.P.6.053% 09/30/20220.4%
Jaguar Holding Company I, LLC (fka Jaguar Holding Company I) (aka Pharmaceutical Product Development4.993% 08/18/20220.4%
Altice France S.A.6.489% 08/14/20260.4%
Ply Gem Midco, Inc.6.547% 04/12/20250.4%
PetSmart, Inc.5.520% 03/11/20220.4%
Brand Energy & Infrastructure Services, Inc. (fka FR Brand Acquisition Corp)6.957% 06/21/20240.4%
VF Holding Corp6.053% 07/02/20250.4%
Gentiva Health Services, Inc.6.250% 07/02/20250.4%
Univision Communications Inc.5.243% 03/15/20240.4%
US Foods, Inc. (aka U.S. Foodservice, Inc.)4.493% 06/27/20230.4%
BJ's Wholesale Club, Inc.5.498% 02/03/20240.4%
Unitymedia Hessen GmbH & Co. KG4.739% 09/30/20250.4%
U.S. Renal Care, Inc.7.053% 12/30/20220.4%
Air Medical Group Holdings, Inc.5.744% 04/28/20220.4%
Asurion, LLC (fka Asurion Corporation)5.493% 11/03/20230.4%
Lions Gate Capital Holdings LLC4.743% 03/24/20250.4%
Brookfield WEC Holdings Inc. (aka Westinghouse Electric Company LLC)6.243% 08/01/20250.4%
Crosby US Acquisition Corp.5.481% 11/23/20200.4%
athenahealth, Inc.7.197% 02/11/20260.4%
iHeartCommunications, Inc. (fka Clear Channel Communications, Inc.)0.000% 01/30/20200.4%
TransDigm Inc.4.993% 06/09/20230.4%
Jazz Acquisition, Inc.6.303% 06/19/20210.4%
INTRAWEST RESORTS HLDGS INC5.493% 07/31/20240.4%
Vistra Operations Company LLC (fka Tex Operations Company LLC)4.484% 12/31/20250.4%
CentralSquare Technologies, LLC6.243% 08/29/20250.4%
Press Ganey Holdings, Inc.5.243% 10/23/20230.4%
SS&C Technologies Holdings, Inc.4.743% 04/16/20250.3%
Flynn Restaurant Group LP5.993% 06/27/20250.3%
Envision Healthcare Corporation6.243% 10/10/20250.3%
American Airlines, Inc.4.229% 06/27/20250.3%
VFH Parent LLC0.000% 01/30/20260.3%
United Natural Foods, Inc.6.743% 10/22/20250.3%
Sedgwick Claims Management Services, Inc. (Lightning Cayman Merger Sub, Ltd.)5.743% 12/31/20250.3%
Gruden Acquisition, Inc. (aka Quality Distribution)8.303% 08/18/20220.3%
Hyland Software, Inc.9.493% 07/07/20250.3%
KUEHG Corp (fka KC MergerSub, Inc.) (aka KinderCare)6.553% 02/21/20250.3%
Pods, LLC5.267% 12/06/20240.3%
Ascena Retail Group, Inc.7.000% 08/21/20220.3%
GYP Holdings III Corp. (aka Gypsum Holdings)5.243% 06/01/20250.3%
GLP Financing, LLC3.981% 04/28/20210.3%
Golden Entertainment, Inc.5.500% 10/21/20240.3%
WideOpenWest Finance, LLC5.731% 08/18/20230.3%
Crown Finance US, Inc. (aka Cineworld Group plc)4.993% 02/28/20250.3%
NVA Holdings, Inc.5.243% 02/02/20250.3%
Misys Limited (aka Almonde/Tahoe)6.303% 06/13/20240.3%
CEC Entertainment, Inc.5.743% 02/12/20210.3%
Doncasters US Finance LLC (Doncasters US LLC)6.303% 04/09/20200.3%
UPC Financing Partnership4.989% 01/15/20260.3%
Reynolds Group Hldgs, Inc.5.243% 02/05/20230.3%
J Crew Group Inc.6.014% 03/05/20210.3%
Harbor Freight Tools USA, Inc.4.993% 08/18/20230.3%
Amneal Pharmaceuticals LLC6.000% 05/04/20250.3%
Cyxtera DC Holdings, Inc. (fka Colorado Buyer Inc.)5.520% 05/01/20240.3%
Formula One Management Limited4.993% 02/01/20240.3%
Gray Television, Inc.5.014% 01/02/20260.3%
Team Health Holdings, Inc.5.243% 02/06/20240.3%
Arctic LNG Carries LTD. (Dynagas Finance LLC)6.993% 05/18/20230.3%
Alliant Holdings Intermediate, LLC5.231% 05/09/20250.3%
Surgery Center Holdings, Inc.5.750% 09/02/20240.3%
UFC Holdings, LLC5.750% 08/18/20230.3%
Epicor Software Corporation (fka Eagle Parent Inc.)5.750% 06/01/20220.3%
Lands' End, Inc.5.759% 04/02/20210.3%
Keane Group Holdings, LLC6.250% 05/25/20250.3%
Anastasia Beverly Hills6.243% 08/11/20250.3%
Radiate Holdco, LLC (aka RCN Grande)5.493% 02/01/20240.3%
Tenneco Inc.5.243% 10/01/20250.3%
CPG International LLC (fka CPG International Inc.)6.633% 05/05/20240.3%
Rackspace Hosting, Inc.5.737% 11/03/20230.3%
iHeartCommunications, Inc. (fka Clear Channel Communications, Inc.)0.000% 07/30/20190.3%
AI Aqua Merger Sub, Inc.5.743% 12/13/20230.3%
Nomad Buyer, Inc.7.512% 08/01/20250.3%
Comfort Holding, LLC7.243% 02/05/20240.3%
Cypress Intermediate Holdings III, Inc. (fka Jaguar Holding Inc.)5.500% 04/29/20240.3%
Yak Access, LLC7.493% 07/11/20250.3%
IRB Holding Corp.5.744% 02/05/20250.3%
MediArena Acquisition B.V. (fka AP NMT Acquisition B.V.)11.808% 08/13/20220.3%
Frontera Generation Hold6.762% 05/02/20250.3%
99 Cents Only Stores7.803% 01/13/20220.3%
WP CPP Holdings, LLC6.509% 04/30/20250.3%
PowerTeam Services, LLC6.063% 03/06/20250.3%
Ceridian HCM Holding Inc.5.743% 04/30/20250.3%
Intelsat Jackson Holdings S.A.6.229% 11/27/20230.3%
Red Lobster Management LLC7.743% 07/28/20210.3%
Everi Payments Inc.5.493% 05/09/20240.3%
Severin Acquisition, LLC5.989% 08/01/20250.3%
Gol Luxco S.A.6.500% 08/31/20200.3%
Parexel International Corporation5.243% 09/27/20240.3%
CP VI Bella Midco, LLC5.243% 12/27/20240.3%
Caesars Resort Collection, LLC5.243% 12/23/20240.3%
Concentra Inc.5.270% 06/01/20220.3%
Genuine Financial Holdings LLC6.553% 07/11/20250.3%
Edgewater Generation LLC6.243% 12/13/20250.3%
Zotec Partners, LLC7.490% 02/14/20240.2%
Grifols Worldwide Operations Limited4.667% 01/31/20250.2%
Level 3 Financing, Inc.4.731% 02/22/20240.2%
VICI Properties 1 LLC4.481% 12/20/20240.2%
UTEX Industries6.493% 05/22/20210.2%
VF Holding Corp10.053% 07/02/20260.2%
Blackhawk Network Holdings, Inc.5.493% 06/15/20250.2%
Advisor Group, Inc.6.243% 08/15/20250.2%
Genworth Holdings, Inc.6.981% 03/07/20230.2%
Auris LuxCo (aka Sivantos Group)0.000% 07/24/20250.2%
GFL Environmental Inc.5.493% 05/30/20250.2%
Weight Watchers International, Inc.7.560% 11/29/20240.2%
Bausch Health Companies Inc. (fka Valeant Pharmaceuticals International, Inc.)5.262% 11/27/20250.2%
TNT Crane and Rigging7.303% 11/27/20200.2%
USIC Holdings, Inc.5.743% 12/08/20230.2%
Sound Inpatient Physicians, Inc.5.243% 06/27/20250.2%
Web.com Group, Inc.6.267% 10/10/20250.2%
Entergy Corp.0.000% 03/01/20190.2%
Commercial Barge Line11.243% 11/12/20200.2%
GPS Hospitality Holding Company LLC6.989% 12/06/20250.2%
Windstream Services LLC6.490% 03/29/20210.2%
Aramark Intermediate HoldCo Corporation4.243% 03/11/20250.2%
Deliver Buyer, Inc. (aka MHS Holdings, Inc.)7.493% 05/01/20240.2%
ABG Intermediate Holdings 2 LLC5.993% 09/27/20240.2%
Helix Gen Funding, LLC6.243% 06/03/20240.2%
Altice Financing S.A.5.239% 07/15/20250.2%
Navistar Financial Corporation6.250% 07/30/20250.2%
NRG Energy, Inc.4.243% 06/30/20230.2%
Dhanani Group Inc.6.243% 07/20/20250.2%
American Airlines, Inc.4.489% 12/14/20230.2%
MGM Resorts International (MGM Grand Detroit, LLC)4.743% 12/21/20230.2%
William Morris Endeavor Entertainment, LLC (IMG Worldwide Holdings, LLC)5.250% 05/18/20250.2%
Contura Energy, Inc.7.517% 11/10/20250.2%
Bass Pro Group, LLC7.493% 09/25/20240.2%
Ccs-Cmgc Holdings Inc7.993% 10/01/20250.2%
Tecostar Holdings, Inc.6.017% 05/01/20240.2%
Energizer Holdings, Inc.4.739% 12/17/20250.2%
Consolidated Energy Finance S.A.4.994% 05/07/20250.2%
MediArena Acquisition B.V. (fka AP NMT Acquisition B.V.)8.547% 08/13/20210.2%
Oryx Southern Delaware Holdings LLC5.743% 02/28/20250.2%
Laureate Education, Inc.5.993% 04/26/20240.2%
Chobani, LLC (Chobani Idaho, LLC)5.993% 10/10/20230.2%
Sigma Holdco B.V. (aka Flora Foods)5.797% 07/02/20250.2%
National Mentor Holdings, Inc. (aka Civitas Solutions, Inc.)0.000% 02/05/20260.2%
Bulldog Purchaser Inc.6.243% 09/05/20250.2%
ProAmpac PG Borrower LLC6.139% 11/20/20230.2%
Acrisure, LLC6.879% 11/22/20230.2%
Virgin Media Bristol LLC4.989% 01/15/20260.2%
Lightstone Holdco LLC6.243% 01/30/20240.2%
BEP Ulterra Holdings Inc.0.000% 11/26/20250.2%
KBR, Inc.6.243% 04/25/20250.2%
Rodan & Fields, LLC6.489% 06/16/20250.2%
Imperva, Inc.6.517% 01/12/20260.2%
G-III Apparel Group, LTD.7.750% 12/01/20220.2%
First Data Corporation3.990% 10/26/20230.2%
TransDigm Inc.4.993% 08/22/20240.2%
Eoc Group Inc5.740% 02/28/20250.2%
TGP Holding III LLC(Traeger Pellet Grill Hdg LLC)7.053% 09/25/20240.2%
West Corporation6.629% 10/10/20240.2%
Nexstar Broadcasting, Inc.4.743% 01/17/20240.2%
Agro Merchants North America Holdings, Inc.6.553% 12/06/20240.2%
Men's Wearhouse, Inc., The5.759% 04/09/20250.2%
Quality Distribution, Inc.11.303% 08/18/20230.2%
Invitation Homes, Inc.4.190% 02/06/20220.2%
Consolidated Communications, Inc.5.500% 10/05/20230.2%
SS&C Technologies Holdings, Inc.4.743% 04/16/20250.2%
Navicure, Inc.6.243% 11/01/20240.2%
Achilles Acquisition LLC6.500% 10/13/20250.2%
WP CPP Holdings, LLC10.510% 04/30/20260.2%
Vectra Co.5.743% 03/08/20250.2%
Forming Machining Indust6.947% 10/09/20250.2%
CenturyLink, Inc.5.243% 11/01/20220.2%
Colorado Buyer, Inc.9.770% 05/01/20250.2%
Uber Technologies, Inc.5.981% 07/13/20230.2%
International Seaways Operating Corporation8.500% 06/22/20220.2%
Southern Graphics Inc5.788% 12/31/20220.2%
CSC Holdings, LLC (fka CSC Holdings Inc. (Cablevision))4.989% 01/25/20260.2%
York Risk Services6.243% 10/01/20210.2%
Miller's Ale House, Inc.7.264% 05/30/20250.2%
Berry Global, Inc. (fka Berry Plastics Corporation)4.610% 10/01/20220.2%
Equian Buyer Corp. (Equian, LLC)5.743% 05/20/20240.2%
Employbridge, LLC7.303% 04/18/20250.2%
Foundation Building Materials Holding Company LLC5.743% 08/13/20250.2%
Kronos Incorporated5.736% 11/01/20230.2%
CHS/Community Health Systems, Inc.5.879% 01/27/20210.2%
Sprint Communications, Inc.5.488% 02/02/20240.2%
Science Applications International Corporation4.243% 10/31/20250.2%
Pro Mach Group, Inc.5.494% 03/07/20250.2%
Quikrete Holdings, Inc.4.510% 11/15/20230.2%
Exgen Renewables IV, LLC5.630% 11/28/20240.2%
Compass Power Generation, L.L.C.5.993% 12/20/20240.2%
Calpine Corp.5.750% 01/15/20250.2%
Spectrum Holdings III Corp.5.743% 01/31/20250.2%
Equinox Holdings Inc.5.493% 03/08/20240.2%
SMG US Midco 2, Inc.5.493% 01/23/20250.2%
Sinclair Television Group, Inc.4.750% 01/03/20240.2%
Uber Technologies, Inc.6.517% 04/04/20250.2%
Charter Communications Operating, LLC (aka CCO Safari LLC)4.500% 04/30/20250.2%
Prime Security Services Borrower, LLC (aka Protection 1 Security Solutions)5.243% 05/02/20220.2%
Learning Care Group (US) No. 2 Inc.5.816% 03/13/20250.2%
Trans Union LLC4.493% 06/12/20250.2%
Chassix, Inc.8.287% 11/15/20230.2%
U.S. Silica Company6.500% 05/01/20250.2%
TransDigm Inc.4.993% 05/30/20250.2%
Sally Holdings LLC (Sally Capital Inc.)4.750% 07/05/20240.2%
Navitas Midstream Midland Basin, LLC6.990% 12/13/20240.2%
Isagenix International, LLC8.553% 06/14/20250.2%
American Airlines, Inc.4.493% 04/28/20230.2%
Bausch Health Companies Inc. (fka Valeant Pharmaceuticals International, Inc.)5.512% 06/02/20250.2%
Excelitas Technologies6.303% 11/15/20240.2%
Panera Bread Company4.250% 07/18/20220.2%
TKC Holdings, Inc.6.250% 02/01/20230.2%
LBM Borrower, LLC (aka US LBM Holdings, LLC)6.243% 08/20/20220.2%
Stena International S.A.5.810% 03/03/20210.2%
Syniverse Holdings, Inc.7.489% 03/09/20230.2%
Navios Maritime Partners L.P (Navios Partners Finance (US) Inc.)7.780% 09/14/20200.2%
Titan Acquisition Limited (aka Husky IMS International Ltd.)5.493% 03/28/20250.2%
BDF Acquisition Corp.7.743% 08/14/20230.2%
EG America LLC6.813% 02/07/20250.2%
UTEX Industries9.743% 05/22/20220.2%
Forterra Finance, LLC5.493% 10/25/20230.2%
JP Intermediate B, LLC8.244% 11/15/20250.2%
Monitronics International, Inc.8.303% 09/30/20220.2%
Ahern Rentals, Inc.7.375% 05/15/20230.2%
Del Frisco's Restaurant Grou8.500% 06/27/20250.2%
DIRECT CHASSISLINK INC8.693% 06/15/20230.2%
Avsc Holding Corp5.863% 02/21/20250.2%
CNX Resources Corporation8.500% 11/28/20220.2%
Builders FirstSource, Inc.5.803% 02/29/20240.2%
CVS Holdings I, LP5.250% 02/06/20250.2%
24 Hour Fitness Worldwide, Inc.5.993% 05/30/20250.2%
Baxter International, Inc.0.000% 03/01/20190.2%
Financiere Storage3.750% 09/29/20250.2%
Peak 10 Holding Corporation6.303% 08/01/20240.2%
BWay Holding Company6.033% 04/03/20240.2%
NMN Holdings III Corp.6.244% 11/13/20250.2%
Guidehouse LLP5.493% 05/01/20250.2%
Murray Energy Corporation9.879% 10/17/20220.2%
Grizzly Acquisitions Inc6.047% 10/01/20250.2%
Telesat Canada5.310% 11/17/20230.2%
RP Crown Parent, LLC5.243% 10/12/20230.2%
Belfor Holdings Inc.0.000% 02/13/20260.2%
Teva Pharmaceutical Finance Netherlands III BV3.150% 10/01/20260.2%
8th Avenue Food & Provisions, Inc.6.264% 10/01/20250.2%
NEP Group, Inc.5.743% 10/20/20250.2%
Spring Education Group, Inc.6.896% 07/30/20250.2%
Navistar, Inc.6.020% 11/06/20240.2%
Vertex Aerospace Services Corp.7.243% 06/29/20250.2%
Iqvia Inc. (Quintiles IMS)4.243% 06/11/20250.2%
Golden Entertainment, Inc.9.500% 10/20/20250.2%
Telenet Financing USD LLC4.739% 08/15/20260.2%
California Resources Crp7.243% 11/17/20220.2%
Wink Holdco, Inc. (aka Davis Vision - Superior Vision)5.493% 12/02/20240.2%
CSC Holdings, LLC (fka CSC Holdings Inc. (Cablevision))4.739% 01/15/20260.2%
Michaels Stores, Inc.4.990% 01/30/20230.2%
Perspecta Inc.4.743% 05/30/20250.2%
Millennium Trust Company, LLC0.000% 02/27/20260.1%
Milacron LLC4.993% 09/28/20230.1%
I-Logic Technologies Bidco Limited5.884% 12/21/20240.1%
ON Semiconductor Corporation4.243% 03/31/20230.1%
Maxar Technologies Ltd.5.250% 10/04/20240.1%
Kindred Healthcare, LLC7.500% 07/02/20250.1%
Schenectady International Group, Inc.7.537% 10/15/20250.1%
Longview Power8.750% 03/25/20210.1%
Excelitas Technologies10.308% 11/15/20250.1%
Helix Acquisition Holdings, Inc. (aka MW Industries, Inc)6.303% 09/30/20240.1%
Cloud Crane LLC10.125% 08/01/20240.1%
Ineos US Finance LLC4.493% 04/01/20240.1%
Safe Fleet Holdings LLC5.520% 02/03/20250.1%
CD&R Hydra Buyer, Inc.6.743% 12/11/20240.1%
Kenan Advantage Group, Inc.7.875% 07/31/20230.1%
Daseke Companies, Inc.7.493% 02/27/20240.1%
FHC Health Systems, Inc.6.493% 12/23/20210.1%
Dynacast International LLC5.772% 01/28/20220.1%
Flex Acquisition Company, Inc. (aka Novolex)5.759% 06/29/20250.1%
Univar USA Inc.4.743% 07/01/20240.1%
NRC US Holding Company, LLC8.053% 06/11/20240.1%
UFC Holdings, LLC9.993% 08/18/20240.1%
Jazz Acquisition, Inc.9.553% 06/19/20220.1%
Plaze, Inc.6.009% 07/31/20220.1%
GOBP Holdings Inc.6.553% 10/22/20250.1%
EG Group Limited10.813% 04/20/20260.1%
Apergy Corp5.162% 04/18/20250.1%
Asurion, LLC (fka Asurion Corporation)5.493% 08/04/20220.1%
CBS Radio Inc.5.243% 11/18/20240.1%
Panda Power Funds8.553% 12/19/20200.1%
Toms Shoes, LLC8.300% 10/30/20200.1%
Uniti Group Inc.5.493% 10/24/20220.1%
Recess Holdings, Inc.6.398% 09/30/20240.1%
Berry Plastics Corporation4.267% 01/06/20210.1%
McAfee, LLC6.243% 09/30/20240.1%
Hargray Communications Group, Inc.5.493% 05/16/20240.1%
Barracuda Networks, Inc.5.731% 02/12/20250.1%
Heartland Dental, LLC6.243% 04/30/20250.1%
Associated Asphalt Partners, LLC7.743% 04/05/20240.1%
Playa Resorts Holding B.V.5.240% 04/29/20240.1%
Cengage Learning, Inc.6.740% 06/07/20230.1%
Tata Chemicals North America5.563% 08/07/20200.1%
American Axle & Manufacturing, Inc.4.740% 04/06/20240.1%
Bright Bidco B.V. (aka Lumileds LLC)6.203% 06/30/20240.1%
Gateway Casinos & Entertainment Limited5.803% 12/01/20230.1%
HLF Financing Sarl LLC / Herbalife International I7.250% 08/15/20260.1%
American Seafoods Group LLC5.250% 08/21/20230.1%
CVS Holdings I, LP9.250% 02/06/20260.1%
Hampton Rubber Company6.493% 03/27/20210.1%
Sterigenics-Nordion Holdings, LLC5.493% 05/15/20220.1%
Titan ACQ/CO-Borrower7.750% 04/15/20260.1%
Altra Industrial Motion Corp.4.493% 10/01/20250.1%
SRAM, LLC5.388% 03/15/20240.1%
Hitachi America Capital Ltd0.000% 03/01/20190.1%
TMS International Corp. (aka Tube City IMS Corp.)7.250% 08/15/20250.1%
Mohegan Tribal Gaming Authority6.493% 10/13/20230.1%
Station Casinos LLC5.000% 06/08/20230.1%
Tesla Motors, Inc.5.300% 08/15/20250.1%
Acrisure LLC / Acrisure Finance Inc8.125% 02/15/20240.1%
RBS Global, Inc. (Rexnord LLC)4.493% 08/21/20240.1%
Valeant Pharmaceuticals International, Inc.5.875% 05/15/20230.1%
BCP Renaissance Parent L.L.C.6.244% 10/31/20240.1%
Moda Ingleside Energy Center, LLC5.743% 09/29/20250.1%
AI Aqua Merger Sub, Inc.5.743% 12/13/20230.1%
EIG Investors Corp.6.388% 02/09/20230.1%
Traverse Midstream Partners LLC6.600% 09/27/20240.1%
Hamilton Holdco LLC (Reece International Pty Ltd)4.810% 07/02/20250.1%
Fastlane Parent Company, Inc.7.303% 02/04/20260.1%
St. George's University Scholastic Services LLC6.000% 07/17/20250.1%
Warrior Met Coal Inc8.000% 11/01/20240.1%
VRX Escrow Corp6.125% 04/15/20250.1%
BCP Raptor II, LLC7.370% 11/03/20250.1%
DG Investment Intermediate Holdings 2, Inc. (aka Convergint Technologies Holdings, LLC)5.493% 02/03/20250.1%
NFP Corp.4.998% 01/08/20240.1%
Phoenix Services International LLC6.267% 03/01/20250.1%
USI, Inc. (fka Compass Investors Inc.)5.803% 05/16/20240.1%
Covia Holdings Corporation (fka Unimin Corporation)6.553% 06/01/20250.1%
Oxbow Carbon LLC9.993% 01/04/20240.1%
Select Medical Corporation4.990% 03/06/20250.1%
Perforce Software, Inc.6.993% 12/27/20240.1%
MB Aerospace Holdings II Corp.5.993% 01/22/20250.1%
Aleris International, Inc.7.243% 02/27/20230.1%
Kuehg Corp11.053% 08/15/20250.1%
CIBT Global, Inc.6.548% 06/03/20240.1%
Wand Newco 3 Inc6.014% 02/05/20260.1%
AMG Advanced Metallurgical Group N.V.5.579% 02/03/20250.1%
Wash Multifamily Parent Inc.5.743% 05/16/20220.1%
KeyW Corporation, The7.013% 05/08/20240.1%
Gates Global LLC5.243% 04/01/20240.1%
Project Angel Parent, LLC6.493% 05/30/20250.1%
PG&E Corp1.125% 12/31/20200.1%
TMS International Corp. (aka Tube City IMS Corp.)5.398% 08/14/20240.1%
Wynn America, LLC4.250% 12/31/20210.1%
ABG Intermediate Holdings 2 LLC10.243% 09/29/20250.1%
Cyanco Intermediate 2 Corp.5.993% 03/16/20250.1%
WeWork Cos Inc7.875% 05/01/20250.1%
MGM Growth Properties Operating Partnership LP4.493% 03/21/20250.1%
Microchip Technology Inc0.000% 05/23/20250.1%
North American Lifting Holdings, Inc. (aka TNT Crane & Rigging, Inc)11.803% 11/26/20210.1%
Cogeco Communications (USA) II LP4.868% 01/03/20250.1%
Wesco Aircraft Hardware Corp.5.000% 02/28/20210.1%
Canopy Growth Corp4.250% 07/15/20230.1%
Container Store7.493% 09/14/20230.1%
GW Honos Security Corporation (Garda World Security Corporation)6.236% 05/24/20240.1%
Mohegan Tribal Gaming Authority6.243% 10/13/20210.1%
Belron Finance US LLC4.989% 11/07/20240.1%
EagleView Technology Corporation5.981% 08/14/20250.1%
Powerteam Services LLC10.063% 03/06/20260.1%
Barminco Finance Pty Ltd.6.625% 05/15/20220.1%
XPO Logistics, Inc.4.493% 02/24/20250.1%
Kenan Advantage Group Holdings Corp.5.493% 07/29/20220.1%
Ziggo Secured Finance Partnership4.989% 04/15/20250.1%
ESH Hospitality, Inc.4.493% 08/30/20230.1%
PGX Holdings, Inc.7.750% 09/29/20200.1%
Hyland Software, Inc.5.993% 07/01/20240.1%
AI Alpine AT BidCo GmbH (aka Distributed Power)5.988% 10/31/20250.1%
CRCI Longhorn Holdings, Inc.6.017% 08/08/20250.1%
Navicure Inc9.993% 10/31/20250.1%
Renaissance Holding Corp.5.743% 05/30/20250.1%
SRS Distribution Inc.5.633% 05/23/20250.1%
Mitchell International, Inc.5.743% 11/29/20240.1%
Trans Union LLC4.493% 04/10/20230.1%
Spectrum Holdings III Corp.9.493% 01/31/20260.1%
Peak 10 Holding Corporation9.986% 08/01/20250.1%
Burlington Coat Factory Warehouse Corporation4.490% 11/17/20240.1%
Patrick Industries, Inc.1.000% 02/01/20230.1%
Four Seasons Holdings Inc.4.493% 11/30/20230.1%
Cologix Holdings, Inc.5.493% 03/20/20240.1%
Revlon Consumer Products Corporation5.750% 02/15/20210.1%
Hoegh LNG Holdings0.000% 02/01/20220.1%
Valeant Pharmaceuticals International, Inc.8.500% 01/31/20270.1%
AES Corporation, The4.379% 05/31/20220.1%
Aviation Capital Group Corp.0.000% 03/01/20190.1%
Meredith Corporation5.243% 01/31/20250.1%
Helix Acquisition Holdings, Inc. (aka MW Industries, Inc)10.803% 09/29/20250.1%
Gentiva Health Services, Inc.9.500% 07/02/20260.1%
SMG US MIDCO9.493% 01/23/20260.1%
TKC Holdings, Inc.10.500% 02/01/20240.1%
Viant Medical Holdings, Inc.6.553% 07/02/20250.1%
Sunshine Investments B.V. (aka Refresco Group)5.934% 03/28/20250.1%
Atlantic Aviation FBO Inc.6.270% 12/06/20250.1%
Agiliti Health, Inc.5.563% 01/04/20260.1%
TransDigm Inc.7.500% 03/15/20270.1%
Belron Finance US LLC5.188% 11/13/20250.1%
Jo-Ann Stores, LLC7.761% 10/20/20230.1%
Post Holdings, Inc.4.490% 05/24/20240.1%
Numericable U.S. LLC6.176% 01/31/20260.1%
DaVita, Inc.5.000% 05/01/20250.1%
Townsquare Media, Inc.5.493% 04/01/20220.1%
Altice Financing S.A.4.911% 01/31/20260.1%
Herbalife Nutrition Ltd.5.743% 08/18/20250.1%
TGP Holdings III LLC11.303% 09/20/20250.1%
Clear Channel Worldwide Holdings, Inc.9.250% 02/15/20240.1%
Trident TPI Holdings, Inc.5.743% 10/17/20240.1%
AVSC Holding Corp. (aka PSAV, Inc.)9.986% 09/01/20250.1%
Werner Finco LP (Werner Finco, Inc.)6.797% 07/24/20240.1%
Klockner Pentaplast of America, Inc. (fka Kleopatra Acquisition Corp)6.743% 06/30/20220.1%
Equinox Holdings Inc.9.493% 09/06/20240.1%
Southern Graphics Inc9.993% 11/22/20230.1%
NPC International, Inc.10.134% 04/18/20250.1%
Matterhorn Merger Sub LLC / Matterhorn Finance Sub8.500% 06/01/20260.1%
MA FinanceCo., LLC (aka Micro Focus International PLC)4.993% 06/21/20240.1%
Edelman Financial Center, LLC, The (fka Flight Debt Merger Sub Inc.)9.537% 07/20/20260.1%
AI Alpine AT BidCo GmbH (aka Distributed Power)3.500% 10/31/20250.1%
Atrium XV5.776% 01/23/20310.1%
Recorded Books Inc.7.303% 08/29/20250.1%
Imperial Metals Corp.7.000% 03/15/20190.1%
Medplast Holdings Inc10.553% 06/22/20260.1%
Comfort Holding, LLC12.493% 02/03/20250.1%
Cedar Funding VI CLO Ltd5.761% 10/20/20280.1%
TierPoint, LLC6.243% 05/06/20240.1%
Sound Point CLO XI Ltd.5.711% 07/20/20280.1%
THL Credit Wind River 2018-3 CLO Ltd5.776% 01/20/20310.1%
CHG PPC Parent LLC5.243% 03/31/20250.1%
AMC Entertainment Holdings, Inc.6.125% 05/15/20270.1%
Brookfield WEC Holdings Inc. (aka Westinghouse Electric Company LLC)9.243% 08/03/20260.1%
H-Food Holdings, LLC (aka Hearthside Food Solutions, LLC)6.493% 05/23/20250.1%
Calceus Acquisition, Inc. (aka Cole Haan)8.004% 02/12/20250.1%
CP VI Bella Midco, LLC9.243% 12/29/20250.1%
Altran Technologies9.243% 06/26/20260.1%
Golar LNG Partners L.P.8.866% 05/18/20210.1%
Circor International, Inc.6.004% 12/11/20240.1%
OCP 2016-12A0.000% 10/18/20280.1%
Ortho-Clinical Diagnostics Inc / Ortho-Clinical Di6.625% 05/15/20220.1%
Albertsons Cos LLC / Safeway, Inc. / New Albertson5.750% 03/15/20250.1%
Energizer Holdings, Inc.7.750% 01/15/20270.1%
Albertsons Cos LLC / Safeway, Inc. / New Albertson6.625% 06/15/20240.1%
Mariner CLO 2017-4 LLC5.815% 10/26/20290.1%
Rack Holdings9.731% 10/03/20220.1%
Doncasters US Finance LLC (Doncasters US LLC)11.053% 10/09/20200.1%
Frontier Communications Corporation5.250% 03/31/20210.1%
TransDigm, Inc.6.375% 06/15/20260.1%
Cypress Intermediate Holdings III, Inc. (fka Jaguar Holding Inc.)9.243% 04/28/20250.0%
Alison US LLC (aka Alstom Auxiliary Components)7.244% 08/29/20210.0%
ARVOS BidCo S.?? r.l. (formerly known as Alison BidCo S.?? r.l)7.244% 08/29/20210.0%
Pre-Paid Legal Services, Inc. (aka LegalShield)5.493% 05/01/20250.0%
Hadrian Merger Sub Inc8.500% 05/01/20260.0%
Flynn Restaurant Group9.514% 06/29/20260.0%
DaVita Inc. (fka DaVita HealthCare Partners Inc.)5.243% 06/24/20210.0%
Robertshaw US Holding Corp. (fka Fox US Bidco Corp.)10.500% 02/28/20260.0%
Polaris Intermediate Corp8.500% 12/01/20220.0%
MEG Energy Corp.6.500% 01/15/20250.0%
Spring Education Group, Inc.10.896% 07/30/20260.0%
American Axle & Manufacturing, Inc.6.250% 04/01/20250.0%
DigiCert, Inc.6.493% 10/31/20240.0%
Cent CLO Ltd.5.965% 07/27/20300.0%
Dynacast International LLC11.303% 01/30/20230.0%
Mirion Technologies Inc6.698% 02/26/20260.0%
Harbor Park CLO 18-1 Ltd5.739% 01/20/20310.0%
AMC Entertainment Holdings, Inc.5.875% 11/15/20260.0%
Vistage International, Inc.6.481% 02/10/20250.0%
Calpine Construction Finance Company, L.P.4.993% 01/15/20250.0%
Press Ganey Holdings, Inc.8.993% 10/21/20240.0%
BlueMountain CLO XXIII Ltd5.365% 10/20/20310.0%
8th Avenue Food & Provisions, Inc.10.264% 10/01/20260.0%
HCA Inc.4.243% 03/17/20230.0%
CentralSquare Technologies, LLC9.993% 08/31/20260.0%
Medallion Midland Acquisition, LLC5.743% 10/30/20240.0%
PSTAT 2018-1A2.787% 04/15/20260.0%
Jamestown CLO VII Ltd.5.371% 07/25/20270.0%
Solera, LLC (Solera Finance, Inc.)5.243% 03/03/20230.0%
Mission Broadcasting, Inc.4.759% 01/17/20240.0%
CEDF 2018-7A0.000% 01/20/20310.0%
Genuine Financial Holdings LLC10.053% 07/10/20260.0%
Lucid Energy Group II Borrower, LLC5.490% 02/17/20250.0%
SBA Senior Finance II LLC4.500% 04/11/20250.0%
Catalent Pharma Solutions, Inc. (fka Cardinal Health 409, Inc.)4.743% 05/20/20240.0%
Wesco Aircraft Hardware Corp.5.500% 11/30/20200.0%
Swordfish Merger Sub LLC9.270% 02/02/20260.0%
Vistra Operations Company LLC (fka Tex Operations Company LLC)4.493% 08/04/20230.0%
Crosby US Acquisition Corp.8.481% 11/22/20210.0%
Madison Park Funding XIV Ltd5.711% 10/22/20300.0%
Wink Holdco, Inc. (aka Davis Vision ??? Superior Vision)9.250% 12/01/20250.0%
PG&E Corp1.125% 12/31/20200.0%
Octagon Investment Partners 39 Ltd5.415% 10/20/20300.0%
NMN Holdings III Corp.1.875% 11/13/20250.0%
SNDPT 2013-1A0.000% 01/26/20310.0%
Eoc Group Inc2.000% 02/26/20260.0%
Acrisure, LLC6.379% 11/22/20230.0%
KKR CLO Ltd.5.592% 01/18/20320.0%
AMMC CLO 15 Ltd5.727% 01/15/20320.0%
Blackhawk Network Holdings, Inc.9.500% 06/15/20260.0%
Mariner CLO 2015-1 LLC6.411% 04/20/20290.0%
Regatta VI Funding Ltd5.461% 07/20/20280.0%
Berry Plastics Corporation4.267% 02/08/20200.0%
Wash Multifamily Parent Inc.5.743% 05/16/20220.0%
Battalion CLO VII Ltd5.703% 07/17/20280.0%
Credit Index Swap5.000% 12/20/20230.0%
Kenan Advantage Group Holdings Corp.5.493% 07/29/20220.0%
CHG Healthcare Services, Inc. (fka CHG Buyer Corporation)5.654% 06/07/20230.0%
Bulldog Purchaser Inc10.243% 09/04/20260.0%
National Mentor Holdings, Inc. (aka Civitas Solutions, Inc.)0.000% 02/05/20260.0%
Lightstone Holdco LLC6.243% 01/30/20240.0%
United AirLines, Inc.4.243% 04/01/20240.0%
Infor (US), Inc. (fka Lawson Software Inc.)5.341% 02/01/20220.0%
Bulldog Purchaser Inc.3.750% 09/05/20250.0%
Heartland Dental, LLC3.750% 04/30/20250.0%
Interest Rate Swap0.000% 03/20/20190.0%
Interest Rate Swap0.000% 03/20/20190.0%
Interest Rate Swap0.000% 03/20/20190.0%
Templar Energy LLC0.000% -0.0%
Interest Rate Swap0.000% 03/20/20190.0%
Bulldog Purchaser Inc.7.750% 09/04/20260.0%
Vistra Energy Corp. (fka TCEH Corp.)0.000% -0.0%
Interest Rate Swap0.000% 03/20/20190.0%
Danaher Corp.0.000% 04/15/20220.0%
FX USD/EUR 03/190.000% 03/07/20190.0%
Avaya Inc.0.000% -0.0%
US 5YR NOTE (CBT) JUN190.000% 07/03/20190.0%
US 2YR NOTE (CBT) JUN190.000% 07/03/20190.0%
US 10YR NOTE (CBT)JUN190.000% 06/28/20190.0%
Mirabela Nickel Ltd.1.000% 09/16/20440.0%
FX USD/EUR 05/190.000% 05/14/20190.0%
FX USD/NOK 05/190.000% 05/21/20190.0%
FX USD/CAD 03/190.000% 03/05/20190.0%
Interest Rate Swap0.000% 06/20/20190.0%
Interest Rate Swap0.000% 06/20/20190.0%

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 03/29/2019

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

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 04/22/2019
$0.125
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 03/31/2019 $0.04316 $8.87
Daily Daily 02/28/2019 $0.03848 $8.93
Daily Daily 01/31/2019 $0.04417 $8.82

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 04/30/2019
Daily Daily 05/31/2019
Daily Daily 06/30/2019
Daily Daily 07/31/2019
Daily Daily 08/31/2019
Daily Daily 09/30/2019
Daily Daily 10/31/2019
Daily Daily 11/30/2019
Daily Daily 12/31/2019

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
12/17/2019 12/18/2019

Fees & Expenses

Fees & Expenses

Sales Charge Schedule as of 04/22/2019

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $100,000 2.25% 2.00% $9.17
$100,000 to $249,999 1.75% 1.50% $9.12
$250,000 to $499,999 1.25% 1.00% $9.07
$500,000 to $999,999 0.00% 1.00% $8.96
$1,000,000 to $5,000,000 0.00% 1.00% $8.96

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 03/31/2019

Fund Documents

Fund Documents

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‡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.

 

 

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.

Select funds to run a Morningstar Hypothetical Report.

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