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Floating Rate Fund

Daily price w/o sales charge as of 02/15/2019

$8.86

arrowUp$0.01

YTD Returns w/o sales charge as of 02/15/2019

2.59%

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 02/15/2019  

w/o sales charge 5.98%
w/ sales charge 5.85%

30-Day Standardized Yield 2 as of 01/31/2019  

5.50%

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

Expense Ratioas of 01/31/2019

Fund Basicsas of 12/31/2018

Total Net Assets
$12.69 B
Inception Date
12/31/2007
Dividend Frequency
Monthly (Daily Accrual)
Number of Holdings
524
CUSIP
543916191
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 1.89% 0.60% 5.27% 3.18% 6.41% 4.12%
Lipper Category Avg. Loan Participation Funds 2.34% 1.11% 5.15% 2.65% 6.74% -
CS Leveraged Loan Index 2.30% 2.37% 6.08% 3.65% 7.94% 4.44%
w/ sales charge -0.40% -1.63% 4.47% 2.71% 6.17% 3.91%

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 -0.23% -0.23% 4.43% 2.89% 6.92% 3.98%
Lipper Category Avg. Loan Participation Funds -0.30% -0.29% 4.03% 2.26% 7.19% -
CS Leveraged Loan Index 1.14% 1.14% 5.03% 3.33% 8.30% 4.26%
w/ sales charge -2.46% -2.46% 3.65% 2.42% 6.67% 3.76%

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
Other
Cash

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

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

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

Credit Quality Distribution as of 12/31/2018 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 66 Investment Professionals with 14 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 02/15/2019  

w/o sales charge 5.98%
w/ sales charge 5.85%

30-Day Standardized Yield 2 as of 01/31/2019  

  Subsidized3 Un-Subsidized4
w/o sales charge 5.50% 5.50%

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 1.89% 0.60% 5.27% 3.18% 6.41% 4.12%
Lipper Category Avg. Loan Participation Funds 2.34% 1.11% 5.15% 2.65% 6.74% -
CS Leveraged Loan Index 2.30% 2.37% 6.08% 3.65% 7.94% 4.44%
w/ sales charge -0.40% -1.63% 4.47% 2.71% 6.17% 3.91%

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 -0.23% -0.23% 4.43% 2.89% 6.92% 3.98%
Lipper Category Avg. Loan Participation Funds -0.30% -0.29% 4.03% 2.26% 7.19% -
CS Leveraged Loan Index 1.14% 1.14% 5.03% 3.33% 8.30% 4.26%
w/ sales charge -2.46% -2.46% 3.65% 2.42% 6.67% 3.76%

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 - - - - 2.59%
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 01/31/2019

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
Other
Cash

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

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

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

Credit Quality Distribution as of 12/31/2018

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 12/31/2018

Total Net Assets
$12.69 B
Number of Issues
524
Average Loan Size
$1.50 B
Average Spread
3.543

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 0.000% 04/30/2019 3.1%
CenturyLink, Inc. 5.272% 01/31/2025 0.8%
Scientific Games International, Inc. 5.250% 08/14/2024 0.6%
Hub International LTD 5.240% 04/25/2025 0.6%
Stars Group Holdings B.V. 6.303% 07/10/2025 0.6%
Change Healthcare Holdings, Inc. (fka Emdeon Inc.) 5.272% 03/01/2024 0.6%
Albertson's LLC 0.000% 11/17/2025 0.6%
Starfruit Finco B.V. (Starfruit US Holdco LLC) (aka AkzoNobel) 5.599% 10/01/2025 0.5%
CSC Holdings, LLC (fka CSC Holdings Inc. (Cablevision)) 4.705% 07/17/2025 0.5%
Verscend Holding Corp. 7.022% 08/27/2025 0.5%
% of Total Assets 8.4%

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 Treasury0.000% 04/30/20193.1%
CenturyLink, Inc.5.272% 01/31/20250.8%
Scientific Games International, Inc.5.250% 08/14/20240.6%
Hub International LTD5.240% 04/25/20250.6%
Stars Group Holdings B.V.6.303% 07/10/20250.6%
Change Healthcare Holdings, Inc. (fka Emdeon Inc.)5.272% 03/01/20240.6%
Albertson's LLC0.000% 11/17/20250.6%
Starfruit Finco B.V. (Starfruit US Holdco LLC) (aka AkzoNobel)5.599% 10/01/20250.5%
CSC Holdings, LLC (fka CSC Holdings Inc. (Cablevision))4.705% 07/17/20250.5%
Verscend Holding Corp.7.022% 08/27/20250.5%
Boxer Parent Company Inc. (aka BMC Software, Inc.)7.053% 10/02/20250.5%
SS&C Technologies Holdings, Inc.4.772% 04/16/20250.5%
Graftech Finance, Inc.6.022% 01/31/20250.5%
MPH Acquisition Holdings LLC5.553% 06/07/20230.5%
Financial & Risk US Holdings, Inc. (aka Refinitiv)6.272% 10/01/20250.5%
CEOC, LLC (aka Caesars Entertainment Operating Company)4.522% 10/07/20240.5%
ION Trading Technologies S.A.R.L.6.522% 11/21/20240.5%
Ortho-Clinical Diagnostics, Inc.5.756% 06/30/20250.4%
JBS USA Lux S.A. (fka JBS USA, LLC)5.260% 10/30/20220.4%
Seattle SpinCo, Inc. (aka Micro Focus International PLC)5.022% 06/21/20240.4%
Team Health Holdings, Inc.5.272% 02/06/20240.4%
Hearthside Group Holdings6.210% 05/17/20250.4%
SolarWinds Holdings, Inc.5.272% 02/05/20240.4%
Sophia, L.P.6.053% 09/30/20220.4%
Hyland Software, Inc.9.522% 07/07/20250.4%
Brand Energy & Infrastructure Services, Inc. (fka FR Brand Acquisition Corp)6.732% 06/21/20240.4%
Univision Communications Inc.5.272% 03/15/20240.4%
VF Holding Corp6.053% 07/02/20250.4%
Crosby Group (KKR)5.504% 11/22/20200.4%
BJ's Wholesale Club, Inc.5.432% 02/03/20240.4%
PetSmart, Inc.5.380% 03/11/20220.4%
US Foods, Inc. (aka U.S. Foodservice, Inc.)4.522% 06/27/20230.4%
Unitymedia Hessen GmbH & Co. KG4.705% 09/30/20250.4%
Regionalcare Hospital Prtnrs7.129% 11/16/20250.4%
Air Medical Group Holdings, Inc.5.682% 04/28/20220.4%
West Corporation6.527% 10/10/20240.4%
Lions Gate Capital Holdings LLC4.772% 03/24/20250.4%
Gruden Acquisition, Inc. (aka Quality Distribution)8.303% 08/18/20220.4%
Asurion, LLC (fka Asurion Corporation)5.522% 11/03/20230.4%
U.S. Renal Care, Inc.7.053% 12/30/20220.4%
Communications Sales & Leasing, Inc. (CSL Capital, LLC)5.522% 10/24/20220.4%
Amneal Pharmaceuticals LLC6.063% 05/04/20250.4%
Jaguar Holding Company I, LLC (fka Jaguar Holding Company I) (aka Pharmaceutical Product Development5.022% 08/18/20220.4%
Lands' End, Inc.5.772% 04/02/20210.4%
iHeartCommunications, Inc. (fka Clear Channel Communications, Inc.)0.000% 01/30/20190.3%
WP CPP Holdings, LLC6.280% 04/30/20250.3%
CentralSquare Technologies, LLC6.272% 08/29/20250.3%
Jazz Acquisition, Inc.6.303% 06/19/20210.3%
York Risk Services6.272% 10/01/20210.3%
Life Time Fitness, Inc.5.457% 06/10/20220.3%
Altice France S.A.6.455% 08/14/20260.3%
INTRAWEST RESORTS HLDGS INC5.522% 07/31/20240.3%
Invitation Homes, Inc.4.204% 02/06/20220.3%
Brookfield WEC Holdings Inc. (aka Westinghouse Electric Company LLC)6.272% 08/01/20250.3%
Sprint Communications, Inc.5.063% 02/02/20240.3%
Flynn Restaurant Group LP6.022% 06/27/20250.3%
Ascena Retail Group, Inc.7.063% 08/21/20220.3%
SS&C Technologies Holdings, Inc.0.000% 04/16/20250.3%
American Airlines, Inc.4.256% 06/27/20250.3%
J Crew Group Inc.5.977% 03/05/20210.3%
GLP Financing, LLC4.004% 04/28/20210.3%
KUEHG Corp (fka KC MergerSub, Inc.) (aka KinderCare)6.553% 02/21/20250.3%
Sedgwick CMS Holdings, Inc.0.000% 11/06/20250.3%
Pods, LLC5.182% 12/06/20240.3%
Crown Finance US, Inc. (aka Cineworld Group plc)5.022% 02/28/20250.3%
GYP Holdings III Corp. (aka Gypsum Holdings)5.272% 06/01/20250.3%
Golden Entertainment, Inc.5.530% 10/21/20240.3%
Press Ganey Holdings, Inc.5.272% 10/23/20230.3%
United Natural Foods, Inc.6.772% 10/22/20250.3%
NVA Holdings, Inc.5.272% 02/02/20250.3%
UTEX Industries6.522% 05/22/20210.3%
WideOpenWest Finance, LLC5.720% 08/18/20230.3%
Bright Bidco B.V. (aka Lumileds LLC)6.212% 06/30/20240.3%
Fly Funding II S.?? r.l.4.600% 02/09/20230.3%
CEC Entertainment, Inc.5.772% 02/12/20210.3%
Radiate Holdco, LLC (aka RCN Grande)5.522% 02/01/20240.3%
Doncasters US Finance LLC (Doncasters US LLC)6.303% 04/09/20200.3%
Arctic LNG Carries LTD. (Dynagas Finance LLC)7.022% 05/18/20230.3%
UPC Financing Partnership4.955% 01/15/20260.3%
Reynolds Group Hldgs, Inc.5.272% 02/05/20230.3%
Cyxtera DC Holdings, Inc. (fka Colorado Buyer Inc.)5.380% 05/01/20240.3%
Laureate Education, Inc.6.027% 04/26/20240.3%
Formula One Management Limited5.022% 02/01/20240.3%
California Resources Crp7.256% 11/17/20220.3%
Harbor Freight Tools USA, Inc.5.022% 08/18/20230.3%
Gray Television, Inc.0.000% 01/02/20260.3%
Gentiva Health Services, Inc.6.313% 07/02/20250.3%
Surgery Center Holdings, Inc.5.780% 09/02/20240.3%
Anastasia Beverly Hills6.272% 08/11/20250.3%
Alliant Holdings Intermediate, LLC5.205% 05/09/20250.3%
Epicor Software Corporation (fka Eagle Parent Inc.)0.000% 06/01/20220.3%
UFC Holdings, LLC5.780% 08/18/20230.3%
TransDigm Inc.5.022% 06/09/20230.3%
Keane Group Holdings, LLC6.313% 05/25/20250.3%
International Seaways Operating Corporation8.530% 06/22/20220.3%
AI Aqua Merger Sub, Inc.5.772% 12/13/20230.3%
CPG International LLC (fka CPG International Inc.)6.633% 05/05/20240.3%
Comfort Holding, LLC7.272% 02/05/20240.3%
Ceridian HCM Holding Inc.5.772% 04/30/20250.3%
Nomad Buyer, Inc.7.379% 08/01/20250.3%
Rackspace Hosting, Inc.5.582% 11/03/20230.3%
Gol Luxco S.A.6.500% 08/31/20200.3%
Cypress Intermediate Holdings III, Inc. (fka Jaguar Holding Inc.)5.530% 04/29/20240.3%
Yak Access, LLC7.522% 07/11/20250.3%
IRB Holding Corp.5.682% 02/05/20250.3%
Frontera Generation Hold6.629% 05/02/20250.3%
99 Cents Only Stores7.707% 01/13/20220.3%
MediArena Acquisition B.V. (fka AP NMT Acquisition B.V.)11.398% 08/13/20220.3%
PowerTeam Services, LLC6.063% 03/06/20250.3%
iHeartCommunications, Inc. (fka Clear Channel Communications, Inc.)0.000% 07/30/20190.3%
CP VI Bella Midco, LLC5.272% 12/27/20240.3%
Red Lobster Management LLC7.772% 07/28/20210.2%
Concentra Inc.5.130% 06/01/20220.2%
Tenneco Inc.5.272% 10/01/20250.2%
Intelsat Jackson Holdings S.A.6.256% 11/27/20230.2%
Everi Payments Inc.5.522% 05/09/20240.2%
Edgewater Generation LLC6.272% 12/13/20250.2%
Severin Acquisition, LLC5.629% 08/01/20250.2%
Envision Healthcare Corporation6.272% 10/10/20250.2%
Commercial Barge Line11.272% 11/12/20200.2%
Caesars Resort Collection, LLC5.272% 12/23/20240.2%
Neiman Marcus Group Inc., The5.630% 10/25/20200.2%
Genuine Financial Holdings LLC6.553% 07/11/20250.2%
Zotec Partners, LLC7.510% 02/14/20240.2%
Advisor Group, Inc.6.272% 08/15/20250.2%
Genworth Holdings, Inc.6.955% 03/07/20230.2%
VICI Properties 1 LLC4.504% 12/20/20240.2%
TNT Crane and Rigging7.303% 11/27/20200.2%
Auris LuxCo (aka Sivantos Group)0.000% 07/24/20250.2%
Level 3 Financing, Inc.4.754% 02/22/20240.2%
VF Holding Corp10.053% 07/02/20260.2%
Bhn Merger Sub Inc.5.522% 05/23/20250.2%
GFL Environmental Inc.0.000% 05/30/20250.2%
Web.com Group, Inc.6.170% 10/10/20250.2%
GPS Hospitality Holding Company LLC6.989% 12/06/20250.2%
Misys Limited (aka Almonde/Tahoe)6.303% 06/13/20240.2%
VVC Holding Corp.6.686% 07/09/20250.2%
Sound Inpatient Physicians, Inc.5.272% 06/27/20250.2%
USIC Holdings, Inc.5.772% 12/08/20230.2%
Aramark Intermediate HoldCo Corporation4.272% 03/11/20250.2%
CHS/Community Health Systems, Inc.5.957% 01/27/20210.2%
Dhanani Group Inc.6.272% 07/20/20250.2%
ABG Intermediate Holdings 2 LLC6.022% 09/27/20240.2%
Helix Gen Funding, LLC6.272% 06/03/20240.2%
CCS-CMGC Holdings, Inc.8.022% 10/01/20250.2%
CNX Resources Corporation8.530% 11/28/20220.2%
Weight Watchers International, Inc.7.560% 11/29/20240.2%
Contura Energy, Inc.7.387% 11/10/20250.2%
Navistar Financial Corporation6.313% 07/30/20250.2%
Consolidated Energy Finance S.A.4.932% 05/07/20250.2%
American Airlines, Inc.4.455% 12/14/20230.2%
Windstream Services, LLC (fka Windstream Corporation)6.460% 03/29/20210.2%
Deliver Buyer, Inc. (aka MHS Holdings, Inc.)7.707% 05/01/20240.2%
Tecostar Holdings, Inc.5.887% 05/01/20240.2%
Rodan & Fields, LLC6.455% 06/16/20250.2%
Bass Pro Group, LLC7.522% 09/25/20240.2%
MediArena Acquisition B.V. (fka AP NMT Acquisition B.V.)8.148% 08/13/20210.2%
Energizer Holdings, Inc.4.705% 12/17/20250.2%
Lightstone Holdco LLC6.272% 01/30/20240.2%
Oryx Southern Delaware Holdings LLC5.772% 02/28/20250.2%
JP Intermediate B, LLC8.153% 11/15/20250.2%
KBR, Inc.6.272% 04/25/20250.2%
Sigma Holdco B.V. (aka Flora Foods)5.398% 07/02/20250.2%
Imperva, Inc.0.000% 11/20/20250.2%
G-III Apparel Group, LTD.7.703% 12/01/20220.2%
TGP Holding III LLC(Traeger Pellet Grill Hdg LLC)7.053% 09/25/20240.2%
Chassix, Inc.8.283% 11/15/20230.2%
Stena International S.A.5.810% 03/03/20210.2%
Virgin Media Bristol LLC4.955% 01/15/20260.2%
Quality Distribution, Inc.11.303% 08/18/20230.2%
Southern Graphics Inc5.758% 12/31/20220.2%
TransDigm Inc.5.022% 08/22/20240.2%
Men's Wearhouse, Inc., The5.599% 04/09/20250.2%
Altice Financing S.A.5.220% 07/15/20250.2%
WP CPP Holdings, LLC10.280% 04/30/20260.2%
Navicure, Inc.6.272% 11/01/20240.2%
Eoc Group Inc5.754% 02/28/20250.2%
Agro Merchants North America Holdings, Inc.6.553% 12/06/20240.2%
Achilles Acquisition LLC6.563% 10/13/20250.2%
Colorado Buyer, Inc.9.630% 05/01/20250.2%
DIRECT CHASSISLINK INC8.527% 06/15/20230.2%
Forming Machining Indust6.851% 10/09/20250.2%
Consolidated Communications, Inc.5.530% 10/05/20230.2%
Navios Maritime Partners L.P (Navios Partners Finance (US) Inc.)7.780% 09/14/20200.2%
Vectra Co.5.772% 03/08/20250.2%
Miller's Ale House, Inc.7.099% 05/30/20250.2%
SS&C Technologies Holdings, Inc.4.772% 04/16/20250.2%
UTEX Industries9.772% 05/22/20220.2%
Compass Power Generation, L.L.C.6.022% 12/20/20240.2%
I-Logic Technologies Bidco Limited5.772% 12/21/20240.2%
Berry Global, Inc. (fka Berry Plastics Corporation)4.387% 10/01/20220.2%
CSC Holdings, LLC (fka CSC Holdings Inc. (Cablevision))4.955% 01/25/20260.2%
Spectrum Holdings III Corp.5.772% 01/31/20250.2%
Parexel International Corporation5.272% 09/27/20240.2%
Employbridge, LLC7.303% 04/18/20250.2%
Kronos Incorporated5.541% 11/01/20230.2%
MacDonald, Dettwiler and Associates Ltd. (aka Maxar)5.148% 10/04/20240.2%
Pro Mach Group, Inc.5.432% 03/07/20250.2%
Science Applications International Corporation4.272% 10/31/20250.2%
SMG US Midco 2, Inc.5.522% 01/23/20250.2%
Grifols Worldwide Operations Limited4.669% 01/31/20250.2%
Foundation Building Materials Holding Company LLC5.705% 08/13/20250.2%
Getty Images, Inc.6.022% 10/18/20190.2%
Uber Technologies, Inc.6.387% 04/04/20250.2%
Exgen Renewables IV, LLC5.710% 11/28/20240.2%
Navitas Midstream Midland Basin, LLC7.004% 12/13/20240.2%
Isagenix International, LLC8.553% 06/14/20250.2%
Sinclair Television Group, Inc.4.780% 01/03/20240.2%
Trans Union LLC4.522% 06/12/20250.2%
Learning Care Group (US) No. 2 Inc.5.756% 03/13/20250.2%
Prime Security Services Borrower, LLC (aka Protection 1 Security Solutions)5.272% 05/02/20220.2%
Sally Holdings LLC (Sally Capital Inc.)4.780% 07/05/20240.2%
Avolon TLB Borrower 1 (US) LLC4.470% 01/15/20250.2%
TransDigm Inc.5.022% 05/30/20250.2%
XPO Logistics, Inc.4.509% 02/24/20250.2%
Pisces Midco, Inc. (aka PlyGem Industries, Inc.)6.175% 04/12/20250.2%
Panera Bread Company4.250% 07/18/20220.2%
American Airlines, Inc.4.522% 04/28/20230.2%
ProAmpac PG Borrower LLC6.049% 11/20/20230.2%
Excelitas Technologies6.303% 11/15/20240.2%
Equian Buyer Corp. (Equian, LLC)5.756% 05/20/20240.2%
U.S. Silica Company6.563% 05/01/20250.2%
Bulldog Purchaser Inc.6.272% 09/05/20250.2%
TKC Holdings, Inc.6.280% 02/01/20230.2%
EG America LLC6.813% 02/07/20250.2%
Monitronics International, Inc.8.303% 09/30/20220.2%
Associated Asphalt Partners, LLC7.772% 04/05/20240.2%
Murray Energy Corporation9.777% 10/17/20220.2%
Hanjin International Corp. (aka Wilshire Grand Center)4.945% 10/19/20200.2%
Robertshaw US Holding Corp. (fka Fox US Bidco Corp.)6.063% 02/28/20250.2%
BDF Acquisition Corp.7.772% 08/14/20230.2%
Forterra Finance, LLC5.522% 10/25/20230.2%
DaVita Inc. (fka DaVita HealthCare Partners Inc.)5.272% 06/24/20210.2%
Bausch Health Companies Inc. (fka Valeant Pharmaceuticals International, Inc.)5.129% 11/27/20250.2%
Syniverse Holdings, Inc.7.455% 03/09/20230.2%
Equinox Holdings Inc.5.522% 03/08/20240.2%
Financiere Storage3.750% 09/29/20250.2%
Avsc Holding Corp6.007% 02/21/20250.2%
24 Hour Fitness Worldwide, Inc.6.022% 05/30/20250.2%
NMN Holdings III Corp.6.182% 11/13/20250.2%
BWay Holding Company5.658% 04/03/20240.2%
CVS Holdings I, LP5.280% 02/06/20250.2%
Del Frisco's Restaurant Grou8.563% 06/27/20250.2%
Grizzly Acquisitions Inc5.646% 10/01/20250.2%
Peak 10 Holding Corporation6.313% 08/01/20240.2%
VeriFone Systems, Inc.6.645% 08/20/20250.2%
Hampton Rubber Company6.522% 03/27/20210.1%
Guidehouse LLP5.522% 05/01/20250.1%
RP Crown Parent, LLC5.272% 10/12/20230.1%
Vertex Aerospace Services Corp.7.272% 06/29/20250.1%
8th Avenue Food & Provisions, Inc.6.099% 10/01/20250.1%
Golden Entertainment, Inc.9.530% 10/20/20250.1%
SSH Group Holdings, Inc.6.770% 07/30/20250.1%
NRC US Holding Company, LLC8.053% 06/11/20240.1%
Iqvia Inc. (Quintiles IMS)4.272% 06/11/20250.1%
Circor International, Inc.5.921% 12/11/20240.1%
Bausch Health Companies Inc. (fka Valeant Pharmaceuticals International, Inc.)5.379% 06/02/20250.1%
NEP Group, Inc.5.772% 10/20/20250.1%
Telenet Financing USD LLC4.705% 08/15/20260.1%
Michaels Stores, Inc.5.008% 01/30/20230.1%
Telesat Canada5.310% 11/17/20230.1%
Wink Holdco, Inc. (aka Davis Vision ??? Superior Vision)5.522% 12/02/20240.1%
CSC Holdings, LLC (fka CSC Holdings Inc. (Cablevision))4.745% 01/15/20260.1%
California Resources Corporation12.897% 12/31/20210.1%
Cloud Crane LLC10.125% 08/01/20240.1%
ACE Cash Express Inc12.000% 12/15/20220.1%
Milacron LLC5.022% 09/28/20230.1%
Indigo Natural Resources LLC6.875% 02/15/20260.1%
Helix Acquisition Holdings, Inc. (aka MW Industries, Inc)6.303% 09/30/20240.1%
Kenan Advantage Group, Inc.7.875% 07/31/20230.1%
ON Semiconductor Corporation4.272% 03/31/20230.1%
DG Investment Intermediate Holdings 2, Inc. (aka Convergint Technologies Holdings, LLC)5.522% 02/03/20250.1%
Ahern Rentals, Inc.7.375% 05/15/20230.1%
Schenectady International Group, Inc.7.186% 10/15/20250.1%
Safe Fleet Holdings LLC5.380% 02/03/20250.1%
CD&R Hydra Buyer, Inc.6.772% 12/11/20240.1%
Longview Power8.530% 03/25/20210.1%
FHC Health Systems, Inc.6.522% 12/23/20210.1%
Acrisure, LLC6.772% 11/22/20230.1%
Ineos US Finance LLC4.522% 04/01/20240.1%
Excelitas Technologies9.849% 11/15/20250.1%
Nautilus Power, LLC6.772% 05/16/20240.1%
Toms Shoes, LLC8.300% 10/30/20200.1%
Daseke Companies, Inc.7.522% 02/27/20240.1%
Plaze, Inc.6.015% 07/31/20220.1%
Dynacast International LLC0.000% 01/28/20220.1%
EG Group Limited10.813% 04/20/20260.1%
UFC Holdings LLC10.022% 08/03/20240.1%
LBM Borrower, LLC (aka US LBM Holdings, LLC)6.277% 08/20/20220.1%
Flex Acquisition Company, Inc. (aka Novolex)5.599% 06/29/20250.1%
Jazz Acquisition, Inc.9.553% 06/19/20220.1%
GOBP Holdings Inc.6.553% 10/22/20250.1%
Univar USA Inc.4.772% 07/01/20240.1%
Panda Power Funds8.553% 12/19/20200.1%
Asurion, LLC (fka Asurion Corporation)5.522% 08/04/20220.1%
Recess Holdings, Inc.6.413% 09/30/20240.1%
McAfee, LLC6.272% 09/30/20240.1%
Apergy Corp5.063% 04/18/20250.1%
RBS Global, Inc. (Rexnord LLC)4.522% 08/21/20240.1%
Hargray Communications Group, Inc.5.522% 05/16/20240.1%
CBS Radio Inc.5.256% 11/18/20240.1%
Titan Acquisition Limited (aka Husky IMS International Ltd.)5.522% 03/28/20250.1%
Web.com Group, Inc.10.170% 10/09/20260.1%
Microchip Technology Inc4.530% 05/23/20250.1%
Pelican Products, Inc.5.879% 05/01/20250.1%
Playa Resorts Holding B.V.5.270% 04/29/20240.1%
Berry Plastics Corporation4.137% 01/06/20210.1%
Tata Chemicals North America5.563% 08/07/20200.1%
SRAM, LLC5.335% 03/15/20240.1%
TMS International Corp. (aka Tube City IMS Corp.)7.250% 08/15/20250.1%
Heartland Dental, LLC6.272% 04/30/20250.1%
American Seafoods Group LLC0.000% 08/21/20230.1%
LTI Holdings, Inc.6.022% 09/06/20250.1%
Gateway Casinos & Entertainment Limited5.803% 12/01/20230.1%
Sterigenics-Nordion Holdings, LLC4.695% 05/15/20220.1%
Select Medical Corporation4.962% 03/06/20250.1%
Nexstar Broadcasting, Inc.4.622% 01/17/20240.1%
Altra Industrial Motion Corp.4.522% 10/01/20250.1%
Titan ACQ/CO-Borrower7.750% 04/15/20260.1%
AI Aqua Merger Sub, Inc.5.772% 12/13/20230.1%
Station Casinos LLC5.030% 06/08/20230.1%
CVS Holdings I, LP9.280% 02/06/20260.1%
BCP Renaissance Parent L.L.C.6.027% 10/31/20240.1%
Jonah Energy LLC / Jonah Energy Finance Corp7.250% 10/15/20250.1%
Accelerated Health Systems, LLC (Athletico Management, LLC)5.849% 10/31/20250.1%
Jo-Ann Stores, LLC7.477% 10/20/20230.1%
Recorded Books Inc.7.303% 08/29/20250.1%
EIG Investors Corp.6.441% 02/09/20230.1%
Mohegan Tribal Gaming Authority6.522% 10/13/20230.1%
Perspecta Inc.4.772% 05/30/20250.1%
Traverse Midstream Partners LLC0.000% 09/27/20240.1%
Oxbow Carbon LLC10.022% 12/18/20230.1%
Moda Ingleside Energy Center, LLC5.772% 09/29/20250.1%
Aleris International, Inc.7.245% 02/27/20230.1%
ASP Unifrax Holdings, Inc.6.528% 12/12/20250.1%
Phoenix Services International LLC6.137% 03/01/20250.1%
Hamilton Holdco LLC (Reece International Pty Ltd)4.810% 07/02/20250.1%
Mohegan Tribal Gaming Authority6.272% 10/13/20210.1%
MB Aerospace Holdings II Corp.6.022% 01/22/20250.1%
BCP Raptor II, LLC7.143% 11/03/20250.1%
Wash Multifamily Parent Inc.5.772% 05/16/20220.1%
AES Corporation, The4.456% 05/31/20220.1%
Warrior Met Coal Inc8.000% 11/01/20240.1%
Kuehg Corp11.053% 08/15/20250.1%
CIBT Global, Inc.6.553% 06/03/20240.1%
Project Angel Parent, LLC6.522% 05/30/20250.1%
Wynn America, LLC4.280% 12/31/20210.1%
KeyW Corporation, The6.887% 05/08/20240.1%
ABG Intermediate Holdings 2 LLC10.272% 09/29/20250.1%
North American Lifting Holdings, Inc. (aka TNT Crane & Rigging, Inc)11.803% 11/26/20210.1%
Cyanco Intermediate 2 Corp.6.022% 03/16/20250.1%
TMS International Corp. (aka Tube City IMS Corp.)5.275% 08/14/20240.1%
Scorpio Tankers, Inc.3.000% 05/15/20220.1%
Gates Global LLC5.272% 04/01/20240.1%
MGM Growth Properties Operating Partnership LP4.522% 03/21/20250.1%
StandardAero Aviation Holdings Inc10.000% 07/15/20230.1%
Wesco Aircraft Hardware Corp.5.022% 02/28/20210.1%
Gopher Sub, Inc.9.272% 02/02/20260.1%
Town Sports International, LLC6.022% 11/15/20200.1%
Cogeco Communications (USA) II LP4.897% 01/03/20250.1%
Powerteam Services LLC10.063% 03/06/20260.1%
EagleView Technology Corporation5.955% 08/14/20250.1%
Belron Finance US LLC4.839% 11/07/20240.1%
Taseko Mines LTD8.750% 06/15/20220.1%
Vistage International, Inc.6.455% 02/10/20250.1%
GW Honos Security Corporation (Garda World Security Corporation)6.241% 05/24/20240.1%
Cole Haan6.530% 01/31/20200.1%
Kenan Advantage Group Holdings Corp.5.522% 07/29/20220.1%
Container Store7.522% 09/14/20230.1%
Kindred Healthcare, LLC7.563% 07/02/20250.1%
Barminco Finance Pty Ltd.6.625% 05/15/20220.1%
Genuine Financial Holdings LLC10.053% 07/10/20260.1%
Covia Holdings Corporation (fka Unimin Corporation)6.553% 06/01/20250.1%
PGX Holdings, Inc.7.780% 09/29/20200.1%
AMG Advanced Metallurgical Group N.V.5.495% 02/03/20250.1%
Navicure Inc10.022% 10/31/20250.1%
Shape Technologies Group, Inc.5.479% 04/21/20250.1%
Peak 10 Holding Corporation9.791% 08/01/20250.1%
ESH Hospitality, Inc.4.522% 08/30/20230.1%
Ziggo Secured Finance Partnership4.955% 04/15/20250.1%
Hyland Software, Inc.6.022% 07/01/20240.1%
Spectrum Holdings III Corp.9.522% 01/31/20260.1%
CRCI Longhorn Holdings, Inc.5.887% 08/08/20250.1%
AI Alpine AT BidCo GmbH (aka Distributed Power)5.809% 10/31/20250.1%
Conduent Incorporated5.022% 12/07/20230.1%
Pre-Paid Legal Services, Inc. (aka LegalShield)5.522% 05/01/20250.1%
Delek US Holdings, INC.4.772% 03/31/20250.1%
Renaissance Holding Corp.5.772% 05/30/20250.1%
Trans Union LLC4.522% 04/10/20230.1%
St. George's University Scholastic Services LLC6.030% 07/17/20250.1%
Burlington Coat Factory Warehouse Corporation4.480% 11/17/20240.1%
American Axle & Manufacturing, Inc.4.752% 04/06/20240.1%
Enova International, Inc.8.500% 09/01/20240.1%
Canopy Growth Corp4.250% 07/15/20230.1%
Herbalife Nutrition Ltd.5.772% 08/18/20250.1%
Hoegh LNG Holdings5.000% 02/01/20220.1%
Meredith Corporation5.272% 01/31/20250.1%
Cologix Holdings, Inc.0.000% 03/20/20240.1%
Cengage Learning, Inc.6.754% 06/07/20230.1%
TKC Holdings, Inc.10.530% 02/01/20240.1%
Four Seasons Holdings Inc.4.522% 11/30/20230.1%
Chobani, LLC (Chobani Idaho, LLC)6.022% 10/10/20230.1%
Gentiva Health Services, Inc.9.563% 07/02/20260.1%
Helix Acquisition Holdings, Inc. (aka MW Industries, Inc)10.803% 09/29/20250.1%
Atlantic Aviation FBO Inc.6.130% 12/06/20250.1%
SMG US MIDCO9.522% 01/23/20260.1%
Viant Medical Holdings, Inc.6.553% 07/02/20250.1%
Sunshine Investments B.V. (aka Refresco Group)5.866% 03/28/20250.1%
Belron Finance US LLC5.115% 11/13/20250.1%
AVSC Holding Corp.9.777% 09/01/20250.1%
Universal Hospital Services (aka Agiliti Health, Inc.)0.000% 10/18/20250.1%
Southern Graphics Inc9.845% 11/22/20230.1%
Townsquare Media, Inc.5.522% 04/01/20220.1%
TGP Holdings III LLC11.303% 09/20/20250.1%
NPC International, Inc.10.022% 04/18/20250.1%
Equinox Holdings Inc.9.522% 09/06/20240.1%
York Risk Services Holding Corp8.500% 10/01/20220.1%
Werner Finco LP (Werner Finco, Inc.)6.349% 07/24/20240.1%
Optimas OE Solutions Holding LLC / Optimas OE Solu8.625% 06/01/20210.1%
Imperial Metals Corp.7.000% 03/15/20190.1%
Edelman Financial Center9.186% 07/20/20260.1%
AI Alpine AT BidCo GmbH (aka Distributed Power)3.500% 10/31/20250.1%
Eclipse Resources Corp.8.875% 07/15/20230.1%
Samsonite International S.A. (aka TUMI, Inc.)4.272% 04/25/20250.1%
Comfort Holding, LLC12.522% 02/03/20250.1%
Navios Maritime Holdings, Inc.7.375% 01/15/20220.1%
Freedom Mortgage Corporation7.272% 02/23/20220.1%
MA FinanceCo., LLC (aka Micro Focus International PLC)5.022% 06/21/20240.1%
Atrium XV5.776% 01/23/20310.1%
Cedar Funding VI CLO Ltd5.469% 10/20/20280.1%
TierPoint, LLC6.272% 05/06/20240.1%
Sound Point CLO XI Ltd.5.408% 07/20/20280.1%
Klockner Pentaplast of America, Inc. (fka Kleopatra Acquisition Corp)6.772% 06/30/20220.1%
Medplast Holdings Inc10.553% 06/22/20260.1%
THL Credit Wind River 2018-3 CLO Ltd5.776% 01/20/20310.1%
Matterhorn Merger Sub LLC / Matterhorn Finance Sub8.500% 06/01/20260.1%
H-Food Holdings, LLC (aka Hearthside Food Solutions, LLC)6.522% 05/23/20250.1%
Brookfield WEC Holdings Inc. (aka Westinghouse Electric Company LLC)9.272% 08/03/20260.1%
CP VI Bella Midco, LLC9.272% 12/29/20250.1%
Altran Technologies5.042% 03/20/20250.1%
CHG PPC Parent LLC5.272% 03/31/20250.1%
Golar LNG Partners L.P.8.564% 05/18/20210.1%
ARVOS BidCo S.?? r.l. (formerly known as Alison BidCo S.?? r.l)7.027% 08/29/20210.1%
Alison US LLC (aka Alstom Auxiliary Components)7.027% 08/29/20210.1%
HCA Inc.4.522% 03/13/20250.1%
Altran Technologies9.272% 06/26/20260.1%
OCP 2016-12A0.000% 10/18/20280.1%
NAI Entertainment Holdings LLC5.030% 05/08/20250.1%
Werner FinCo LP / Werner FinCo Inc8.750% 07/15/20250.1%
Numericable U.S. LLC6.143% 01/31/20260.1%
Mariner CLO 2017-4 LLC5.558% 10/26/20290.1%
Bulldog Purchaser Inc.1.875% 09/05/20250.1%
Rack Holdings9.705% 10/03/20220.1%
Calfrac Holdings LP8.500% 06/15/20260.1%
Ortho-Clinical Diagnostics Inc / Ortho-Clinical Di6.625% 05/15/20220.1%
Eaglepicher Tech LLC9.772% 03/09/20260.1%
Doncasters US Finance LLC (Doncasters US LLC)11.053% 10/09/20200.1%
Robertshaw US Holding Corp. (fka Fox US Bidco Corp.)10.563% 02/28/20260.0%
Frontier Communications Corporation5.280% 03/31/20210.0%
Cypress Intermediate Holdings III, Inc. (fka Jaguar Holding Inc.)9.272% 04/28/20250.0%
Flynn Restaurant Group9.299% 06/29/20260.0%
Revlon Consumer Products Corporation5.750% 02/15/20210.0%
SSH Group Holdings, Inc.10.770% 07/30/20260.0%
Hadrian Merger Sub Inc8.500% 05/01/20260.0%
DigiCert, Inc.6.522% 10/31/20240.0%
WeWork Cos Inc7.875% 05/01/20250.0%
Cent CLO Ltd.5.709% 07/27/20300.0%
Polaris Intermediate Corp8.500% 12/01/20220.0%
Dynacast International LLC11.303% 01/30/20230.0%
Harbor Park CLO 18-1 Ltd5.739% 01/20/20310.0%
Press Ganey Holdings, Inc.9.022% 09/28/20240.0%
PSTAT 2018-1A6.289% 04/15/20260.0%
CentralSquare Technologies, LLC10.022% 08/31/20260.0%
Worldpay, LLC3.940% 01/16/20230.0%
8th Avenue Food & Provisions, Inc.10.099% 10/01/20260.0%
Jamestown CLO VII Ltd.5.090% 07/25/20270.0%
Navistar, Inc.5.405% 11/06/20240.0%
BlueMountain CLO XXIII Ltd5.365% 10/20/20310.0%
Builders FirstSource, Inc.5.803% 02/29/20240.0%
West Corporation6.027% 10/10/20240.0%
Catalent Pharma Solutions, Inc. (fka Cardinal Health 409, Inc.)4.772% 05/20/20240.0%
Wesco Aircraft Hardware Corp.5.522% 11/30/20200.0%
CEDF 2018-7A0.000% 01/20/20310.0%
Swordfish Merger Sub LLC9.130% 02/02/20260.0%
Crosby US Acquisition Corp.8.504% 11/22/20210.0%
Madison Park Funding XIV Ltd5.419% 10/22/20300.0%
Wink Holdco, Inc. (aka Davis Vision ??? Superior Vision)9.280% 12/01/20250.0%
Octagon Investment Partners 39 Ltd5.415% 10/20/20300.0%
NMN Holdings III Corp.0.000% 11/13/20250.0%
Eoc Group Inc2.558% 02/26/20260.0%
SNDPT 2013-1A0.000% 01/26/20310.0%
St. George's University Scholastic Services LLC3.500% 07/17/20250.0%
Acrisure, LLC6.272% 11/22/20230.0%
KKR CLO Ltd.5.592% 01/18/20320.0%
AMMC CLO 15 Ltd5.727% 01/15/20320.0%
Charter Communications Operating, LLC (aka CCO Safari LLC)4.530% 04/30/20250.0%
Bhn Merger Sub Inc.9.500% 06/15/20260.0%
Mariner CLO 2015-1 LLC6.119% 04/20/20290.0%
Regatta VI Funding Ltd5.169% 07/20/20280.0%
Mission Broadcasting, Inc.4.622% 01/17/20240.0%
Wash Multifamily Parent Inc.5.772% 05/16/20220.0%
Berry Plastics Corporation4.394% 02/08/20200.0%
Battalion CLO VII Ltd5.379% 07/17/20280.0%
SBA Senior Finance II LLC4.530% 04/11/20250.0%
Kenan Advantage Group Holdings Corp.5.522% 07/29/20220.0%
Post Holdings, Inc.4.510% 05/24/20240.0%
CHG Healthcare Services, Inc. (fka CHG Buyer Corporation)5.103% 06/07/20230.0%
Lightstone Holdco LLC6.272% 01/30/20240.0%
Heartland Dental, LLC3.750% 04/30/20250.0%
Bulldog Purchaser Inc10.272% 09/04/20260.0%
Jason Incorporated10.803% 06/30/20220.0%
United AirLines, Inc.4.272% 04/01/20240.0%
Bulldog Purchaser Inc.3.875% 08/21/20260.0%
Templar Energy LLC0.000% -0.0%
FX USD/CAD 03/190.000% 03/05/20190.0%
American Airlines, Inc.4.387% 10/10/20210.0%
FX USD/NOK 02/190.000% 02/20/20190.0%
Vistra Energy Corp. (fka TCEH Corp.)0.000% -0.0%
US 2YR NOTE (CBT) MAR190.000% 04/03/20190.0%
US 5YR NOTE (CBT) MAR190.000% 04/03/20190.0%
US 10YR NOTE (CBT)MAR190.000% 03/29/20190.0%
Mirabela Nickel Ltd.1.000% 09/16/20440.0%
FX USD/EUR 02/190.000% 02/19/20190.0%
FX USD/EUR 03/190.000% 03/07/20190.0%

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 12/31/2018

Sector Weighting Fund Change from Previous Quarter
Sector Weighting Fund Change from Previous Quarter
Other arrowUp3.4%
Food And Drug arrowUp0.6%
Broadcasting arrowUp0.6%
Telecommunications arrowUp0.3%
Consumer Durables arrowDown0.2%
Energy arrowDown1.7%
Consumer Non-Durables 0.0%
Cable/Wireless Video arrowDown0.4%
Utility arrowDown0.4%
Forest Prod/Containers arrowUp0.4%
Healthcare arrowUp2.1%
Aerospace arrowUp0.6%
Automotive arrowDown0.5%
Wireless Communications arrowDown0.2%
Financial arrowDown0.4%
Housing arrowDown0.6%
Chemicals arrowDown0.5%
Information Technology arrowDown1.3%
Diversified Media arrowUp0.4%
Service arrowDown2.6%
Manufacturing arrowDown0.2%
Metals/Minerals arrowDown0.1%
Retail arrowUp0.5%
Gaming/Leisure arrowDown0.9%
Shipping arrowDown0.5%
Food/Tobacco arrowUp1.1%
Land Transportation arrowUp0.3%

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 02/15/2019
$0.044
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 01/31/2019 $0.04417 $8.82

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 02/28/2019
Daily Daily 03/31/2019
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 02/15/2019

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $100,000 2.25% 2.00% $9.06
$100,000 to $249,999 1.75% 1.50% $9.02
$250,000 to $499,999 1.25% 1.00% $8.97
$500,000 to $999,999 0.00% 1.00% $8.86
$1,000,000 to $5,000,000 0.00% 1.00% $8.86

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 01/31/2019

Fund Documents

Fund Documents

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Publish Date:11/03/2015
Annual Report
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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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