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Global Bond Fund

Daily price w/o sales charge as of 07/10/2020

$9.88

$0.00

YTD Returns w/o sales charge as of 07/10/2020

-0.59%

Click here to view all legal text including risk information

Summary

Summary

What is the Global Bond Fund?

The Fund seeks to deliver total return by investing in bonds across multiple sectors in developed and emerging markets located throughout the world. 

 

Yield

Dividend Yield 1 as of 07/10/2020  

  Subsidized3 Un-Subsidized4
w/o sales charge 3.55% 1.30%

30-Day Standardized Yield 2 as of 06/30/2020  

  Subsidized3 Un-Subsidized4
w/o sales charge 2.64% 0.93%

Fund Basicsas of 05/29/2020

Total Net Assets
$10.55 M
Inception Date
08/01/2018
Dividend Frequency
Monthly
Fund Gross Expense Ratio
2.78%
Fund Net Expense Ratio
0.53%
Number of Holdings
362

Fund Expense Ratio :

Gross 2.78%

Net 0.53%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2018
w/o sales charge -1.69% -0.08% - - - 2.81%
Lipper Category Avg. Global Income Funds 1.51% 3.24% - - - -
Bloomberg Barclays Global Aggregate Index 2.98% 4.22% - - - 5.35%

Fund Expense Ratio :

Gross 2.78%

Net 0.53%

Fund Expense Ratio :

Gross 2.78%

Net 0.53%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2018
w/o sales charge -1.69% -0.08% - - - 2.81%
Lipper Category Avg. Global Income Funds 1.51% 3.24% - - - -
Bloomberg Barclays Global Aggregate Index 2.98% 4.22% - - - 5.35%

Fund Expense Ratio :

Gross 2.78%

Net 0.53%

Investment Team

Leah G. Traub
Leah G. Traub, Ph.D.

Partner & Portfolio Manager

19 Years of Industry Experience

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

Partner & Portfolio Manager

22 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Director of Taxable Fixed Income

19 Years of Industry Experience

Kewjin Yuoh
Kewjin Yuoh

Partner & Portfolio Manager

26 Years of Industry Experience

Annika M. Lombardi
Annika M. Lombardi

Portfolio Manager

13 Years of Industry Experience

Supported By 64 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

Fund Expense Ratio :

Gross 2.78%

Net 0.53%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2018
w/o sales charge -1.69% -0.08% - - - 2.81%
Lipper Category Avg. Global Income Funds 1.51% 3.24% - - - -
Bloomberg Barclays Global Aggregate Index 2.98% 4.22% - - - 5.35%

Fund Expense Ratio :

Gross 2.78%

Net 0.53%

Fund Expense Ratio :

Gross 2.78%

Net 0.53%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2018
w/o sales charge -1.69% -0.08% - - - 2.81%
Lipper Category Avg. Global Income Funds 1.51% 3.24% - - - -
Bloomberg Barclays Global Aggregate Index 2.98% 4.22% - - - 5.35%

Fund Expense Ratio :

Gross 2.78%

Net 0.53%

Year Fund Returns Bloomberg Barclays Global Aggregate Index
2019 8.66% 6.84%
2018 -1.28% -1.20%
Year Q1 Q2 Q3 Q4 Yearly Returns
2020 -7.68% 6.48% - - -0.58%
2019 3.36% 3.43% 0.08% 1.56% 8.66%
2018 - - - -1.02% -1.28%

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Type Assets
US Corp High Grade
Non-US Corp High Grade
US Corp High Yield
Currency
Sovereign Developed
Non-US Corp High Yield
ABS
MBS Passthrough
Sovereign Emerging
Govt
MBS Other
CMBS
US Bank Loan High Yield
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 05/29/2020

Rating Assets
U.S. Treasury
Agency
AAA
AA
A
BBB
BB
B
CCC
<CCC
Not Rated

Ratings (other than U.S. Treasury securities or securities issued or backed by U.S. agencies) provided by Standard & Poor's, Moody's, and Fitch. For certain securities that are not rated by any of these three agencies, credit ratings from other agencies may be used. Where the rating agencies rate a security differently, Lord Abbett uses the higher credit rating. Ratings range from AAA (highest) to D (lowest). Bonds rated BBB or above are considered investment grade. Credit ratings BB and below are lower-rated securities (junk bonds). High-yielding, non-investment-grade bonds (junk bonds) involve higher risks than investment-grade bonds. Adverse conditions may affect the issuer's ability to pay interest and principal on these securities. A portion of the portfolio's securities 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 12/31/2019

  • The portfolio maintains a flexible, multi-sector approach with the ability to have exposure to more credit-sensitive sectors outside of its benchmark, the Bloomberg Barclays Global Aggregate Index. The portfolio seeks to deliver total return by investing in bonds across multiple sectors in developed and emerging markets located throughout the world. Primary sector allocations include investment grade and high yield corporate bonds, sovereign debt, mortgage-backed securities (“MBS”), and asset-backed securities (“ABS”).
  • As European yields became more negative at the end of the summer, we began reducing the portfolio’s allocation to core European countries to lock in the higher prices. In particular, we reduced the portfolio’s allocation to both sovereign securities and investment grade corporate bonds within Germany and France, mitigating the impact from the subsequent rise in developed sovereign bond yields throughout the quarter.
  • We increased the portfolio’s allocation to emerging market sovereign securities following weak performance in the third quarter due to trade tensions and concerns over slowing global growth. With trade tensions between the U.S. and China being alleviated and our expectation that central banks across the globe will hold steady and that the global economy will rebound, we anticipate emerging market securities will be positively impacted.
  • Given the continued tightening within corporate credit, we have reduced the portfolio’s allocation to U.S. investment grade corporate bonds and both U.S. and non-U.S. high yield corporates while opportunistically adding to sectors that offer attractive relative value and carry opportunities. We modestly increased the portfolio’s allocation to securitized products and bank loans, as we anticipate spreads will compress within these sectors in the upcoming months.

Portfolio Details as of 05/29/2020

Total Net Assets
$10.55 M
Number of Issues
362
Average Coupon
3.86%
Average Life
7.92 Years
Average Maturity
10.37 Years
Average Effective Duration
6.42 Years

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

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

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

Average Effective Duration - The change in the value of a fixed income security that will result from a 1% change in interest rates, taking into account anticipated cash flow fluctuations from mortgage prepayments, puts, adjustable coupons, and potential call dates. Duration is expressed as a number of years, and generally, the larger a duration, the greater the interest-rate risk or reward for a portfolio’s underlying bond prices. Where applicable, certain investments, such as common or preferred stock, convertible bonds and convertible preferred stock, ETFs, ADRs, and CPI swaps and related futures, are excluded from these calculations.

Holding Coupon Maturity Assets
30-YR UMBS-TBA PROD JUN 4.000% 02/01/2047 3.1%
Country Garden Holdings Co. Ltd. 4.750% 01/17/2023 2.0%
Federal National Mortgage Assoc. 3.500% 09/01/2047 1.9%
China Development Bank 3.480% 01/08/2029 1.5%
Japan Government Twenty Year Bond 2.100% 12/20/2029 1.3%
China Development Bank 3.420% 07/02/2024 1.3%
Comcast Corp. 1.500% 02/20/2029 1.2%
UniCredit S.p.A. 6.950% 10/31/2022 1.2%
Pinewood Finance Co Ltd 3.250% 09/30/2025 1.2%
Kerry Group Financial Services Unltd Co 2.375% 09/10/2025 1.2%
% of Total Assets 15.9%
Holding Coupon Maturity Assets
30-YR UMBS-TBA PROD JUN4.000% 02/01/20473.1%
Country Garden Holdings Co. Ltd.4.750% 01/17/20232.0%
Federal National Mortgage Assoc.3.500% 09/01/20471.9%
China Development Bank3.480% 01/08/20291.5%
Japan Government Twenty Year Bond2.100% 12/20/20291.3%
China Development Bank3.420% 07/02/20241.3%
Comcast Corp.1.500% 02/20/20291.2%
UniCredit S.p.A.6.950% 10/31/20221.2%
Pinewood Finance Co Ltd3.250% 09/30/20251.2%
Kerry Group Financial Services Unltd Co2.375% 09/10/20251.2%
CPUK Finance Ltd3.588% 08/28/20251.2%
Netflix, Inc.3.875% 11/15/20291.1%
U.S. Treasury Note/Bond3.625% 08/15/20431.1%
AA Bond Co Ltd2.750% 07/31/20231.1%
Bacardi Ltd.2.750% 07/03/20231.1%
Newell Rubbermaid, Inc.3.750% 10/01/20211.1%
Credit Suisse Group AG1.250% 07/17/20251.1%
Ubisoft Entertainment SA1.289% 01/30/20231.1%
Japan Government Two Year Bond0.100% 02/01/20221.1%
Euroclear Bank SA0.500% 07/10/20231.1%
Sigma Holdco BV5.750% 05/15/20261.1%
United Kingdom Gilt1.500% 07/22/20471.1%
Japan Government Twenty Year Bond1.400% 09/20/20341.0%
RCS & RDS SA3.250% 02/05/20281.0%
Fairstone Financial Issuance Trust I3.948% 03/21/20331.0%
AT&T, Inc.2.875% 02/18/21701.0%
Q-Park Holding I BV2.000% 03/01/20271.0%
Aroundtown SA1.450% 07/09/20281.0%
Lloyds Bank plc6.500% 09/14/20201.0%
NBCUniversal Enterprise, Inc.5.250% 06/19/20991.0%
Dometic Group AB3.000% 05/08/20261.0%
Wingstop Funding 2018-1 LLC4.970% 12/05/20481.0%
Hyundai Floorplan Master Owner Trust2.680% 04/15/20241.0%
Perimeter Master Note Business Trust4.230% 05/15/20241.0%
Trillium Credit Card Trust II0.518% 09/26/20231.0%
SCF Equipment Leasing 2019-1 LLC3.230% 10/20/20240.9%
U.S. Treasury Note/Bond4.500% 02/15/20360.9%
Verus Securitization Trust 2020-12.417% 01/25/20600.9%
Residential Mortgage Loan Trust 2020-12.376% 02/25/20240.9%
Spain Government Bond4.200% 01/31/20370.9%
New Residential Mortgage Loan Trust 2020-NQM12.464% 01/26/20600.9%
Intrum Justitia AB3.000% 09/15/20270.9%
China Development Bank3.680% 02/26/20260.8%
U.S. Treasury Note/Bond1.250% 05/15/20500.8%
30-YR UMBS-TBA PROD JUN3.000% 09/01/20450.8%
Mclaren Finance PLC5.000% 08/01/20220.7%
Cigna Corp2.550% 09/17/20210.7%
Bundesrepublik Deutschland Bundesanleihe0.000% 02/15/20300.7%
Japan Government Thirty Year Bond0.400% 06/20/20490.7%
Chesapeake Funding II LLC0.554% 08/15/20300.6%
CVS Caremark Corp.3.875% 07/20/20250.5%
Brazil Notas do Tesouro Nacional Serie F10.000% 01/01/20290.5%
French Republic Government Bond OAT2.000% 05/25/20480.5%
Cox Communications, Inc.8.375% 03/01/20390.5%
AmeriCredit Automobile Receivables Trust 2020-11.480% 01/21/20250.5%
Westlake Automobile Receivables Trust 2018-24.000% 01/16/20240.5%
Goldman Sachs Group, Inc.5.250% 07/27/20210.5%
Macquarie Group Ltd.3.763% 11/28/20280.5%
Macquarie Bank Ltd.6.625% 04/07/20210.5%
Biogen Idec, Inc.2.250% 05/01/20300.5%
Marathon Petroleum Corp.5.375% 10/01/20220.5%
Bank of America Corp.2.369% 07/21/20210.5%
City of Montreal Canada4.250% 12/01/20320.5%
Province of Saskatchewan Canada4.750% 06/01/20400.5%
Italy Buoni Poliennali Del Tesoro2.450% 09/01/20330.5%
Brightsphere Investment Group Inc4.800% 07/27/20260.5%
Anheuser-Busch InBev Worldwide, Inc.3.500% 06/01/20300.4%
Italy Buoni Poliennali Del Tesoro1.750% 07/01/20240.4%
JP Morgan Chase Commercial Mortgage Securities Tru1.184% 06/15/20320.4%
Bundesrepublik Deutschland Bundesanleihe1.250% 08/15/20480.4%
ME Funding LLC 2019-16.448% 07/30/20490.4%
Credit Index Swap1.000% 06/20/20250.4%
Toronto Hydro Corp3.540% 11/18/20210.4%
Ameren Corp.3.500% 01/15/20310.3%
Owens Corning3.875% 06/01/20300.3%
HCA, Inc.5.250% 04/15/20250.3%
Sabine Pass Liquefaction LLC5.875% 06/30/20260.3%
Federal National Mortgage Assoc.4.000% 01/01/20480.3%
Origin Energy Finance Ltd.5.450% 10/14/20210.3%
Telstra Corp., Ltd.7.750% 07/15/20200.3%
French Republic Government Bond OAT4.500% 04/25/20410.3%
Neuberger Berman Group LLC4.875% 04/15/20450.3%
Sprint Capital Corp.6.875% 11/15/20280.3%
Ausgrid Finance Pty Ltd4.350% 08/01/20280.3%
Italy Buoni Poliennali Del Tesoro1.350% 04/01/20300.3%
Continental Resources, Inc.5.000% 09/15/20220.3%
Netflix, Inc.5.875% 02/15/20250.3%
Dell International LLC / EMC Corp.8.350% 07/15/20460.3%
Ecopetrol S.A.5.875% 05/28/20450.3%
Great Wolf Trust 2019-WOLF1.218% 12/15/20360.3%
China Government Bond3.860% 07/22/20490.3%
MPLX L.P.2.785% 09/09/20210.3%
Boston Scientific Corp.2.650% 06/01/20300.3%
Boeing Co.4.875% 05/01/20250.3%
United Technologies Corp.2.250% 07/01/20300.3%
Federal Home Loan Mortgage Corp.4.000% 10/01/20490.3%
AstraZeneca plc3.375% 11/16/20250.3%
BAT Capital Corp2.572% 08/15/20220.3%
French Republic Government Bond OAT1.500% 05/25/20500.3%
Numericable Group S.A.7.375% 05/01/20260.3%
Carnival Corp.11.500% 04/01/20230.3%
Boston Scientific Corp.3.450% 03/01/20240.3%
Toyota Motor Credit Corp.2.900% 03/30/20230.3%
Hewlett Packard Enterprise Co.2.567% 03/12/20210.2%
PPL WEM Ltd./Western Power Distribution Ltd.5.375% 05/01/20210.2%
Patrick Industries, Inc.7.500% 10/15/20270.2%
General Motors Co.6.750% 04/01/20460.2%
Teachers Insurance & Annuity Association of Americ4.900% 09/15/20440.2%
Petroleos Mexicanos5.350% 02/12/20280.2%
CSAIL 2016-C7 Commercial Mortgage Trust4.387% 11/15/20490.2%
Boeing Co.5.040% 05/01/20270.2%
Centene Corp.3.375% 02/15/20300.2%
Valero Energy Corp.10.500% 03/15/20390.2%
Hyundai Capital America3.450% 03/12/20210.2%
Citigroup Commercial Mortgage Trust 2016-GC362.850% 02/10/20490.2%
Ford Motor Co.9.625% 04/22/20300.2%
COMM Mortgage Trust4.430% 07/10/20500.2%
Trimble Navigation Ltd.4.900% 06/15/20280.2%
NRG Energy, Inc.5.750% 01/15/20280.2%
Tenet Healthcare Corp.6.250% 02/01/20270.2%
Tyco Electronics Group S.A.2.342% 06/05/20200.2%
Delta Air Lines, Inc.7.000% 05/01/20250.2%
Stars Group Holdings BV / Stars Group US Co-Borrow7.000% 07/15/20260.2%
BX Trust 2019-OC113.202% 12/09/20410.2%
Newell Rubbermaid, Inc.5.875% 04/01/20360.2%
CCO Holdings LLC / CCO Holdings Capital Corp.4.750% 03/01/20300.2%
Teva Pharmaceutical Finance Netherlands III BV2.800% 07/21/20230.2%
Goldman Sachs Group, Inc.6.750% 10/01/20370.2%
FX USD/GBP 06/200.000% 06/05/20200.2%
Anthem, Inc.2.250% 05/15/20300.2%
AMC Networks, Inc.4.750% 08/01/20250.2%
NVR, Inc.3.000% 05/15/20300.2%
Penn National Gaming, Inc.5.625% 01/15/20270.2%
Fibria Overseas Finance Ltd.5.250% 05/12/20240.2%
Broadcom Inc3.150% 11/15/20250.2%
NXP BV / NXP Funding LLC / NXP USA Inc3.150% 05/01/20270.2%
Navient Corp.6.750% 06/25/20250.2%
COMM Mortgage Trust4.430% 07/10/20500.2%
Cargill Inc2.125% 04/23/20300.2%
Empresas Publicas de Medellin ESP8.375% 11/08/20270.2%
Snap-on, Inc.3.100% 05/01/20500.2%
Stryker Corp.1.950% 06/15/20300.2%
South Africa Government Bond8.750% 02/28/20480.2%
IHeart Communications, Inc.8.375% 05/01/20270.2%
Parsley Energy LLC5.625% 10/15/20270.2%
William Carter Co.5.625% 03/15/20270.2%
AT&T, Inc.4.300% 02/15/20300.2%
Gray Television, Inc.7.000% 05/15/20270.2%
Visa, Inc.1.900% 04/15/20270.2%
Continental Resources, Inc.3.800% 06/01/20240.2%
Presidio Holdings Inc4.875% 02/01/20270.2%
DISH DBS Corp.7.750% 07/01/20260.2%
TRI Pointe Homes LLC5.250% 06/01/20270.2%
Chobani LLC / Chobani Finance Corp Inc7.500% 04/15/20250.2%
CF Industries, Inc.5.150% 03/15/20340.2%
Nexstar Broadcasting, Inc.5.625% 07/15/20270.2%
Bank of America Corp.4.000% 01/22/20250.2%
TransDigm, Inc.6.250% 03/15/20260.2%
JP Morgan Chase Commercial Mortgage Securities Tru3.350% 06/15/20350.2%
Citigroup Commercial Mortgage Trust 2016-P32.804% 04/15/20490.2%
Popular, Inc.6.125% 09/14/20230.2%
Australian Government3.000% 03/21/20470.2%
Aston Martin Capital Holdings Ltd6.500% 04/15/20220.2%
JP Morgan Chase Commercial Mortgage Securities Tru1.484% 06/15/20320.2%
Seven Generations Energy Ltd.5.375% 09/30/20250.2%
Mattel, Inc.5.450% 11/01/20410.2%
Century Communities, Inc.6.750% 06/01/20270.2%
Albertsons Cos Inc / Safeway Inc / New Albertsons4.875% 02/15/20300.2%
Ingevity Corp.4.500% 02/01/20260.2%
PetSmart, Inc.5.875% 06/01/20250.1%
Buckeye Partners L.P.6.375% 01/22/20780.1%
Acadia Healthcare Co., Inc.6.500% 03/01/20240.1%
Itron, Inc.5.000% 01/15/20260.1%
General Motors Co.6.125% 10/01/20250.1%
CIT Group, Inc.5.250% 03/07/20250.1%
Herbalife Nutrition Ltd / HLF Financing Inc7.875% 09/01/20250.1%
JB Poindexter & Co., Inc.7.125% 04/15/20260.1%
World Financial Network Credit Card Master Trust2.210% 07/15/20260.1%
PayPal Holdings, Inc.3.250% 06/01/20500.1%
Brand Energy & Infrastructure Services Inc8.500% 07/15/20250.1%
Global Payments, Inc.2.900% 05/15/20300.1%
EW Scripps Co.5.125% 05/15/20250.1%
Laredo Petroleum Holdings, Inc.9.500% 01/15/20250.1%
PDC Energy, Inc.5.750% 05/15/20260.1%
UnitedHealth Group, Inc.2.900% 05/15/20500.1%
MEG Energy Corp.7.125% 02/01/20270.1%
AmeriCredit Automobile Receivables 2015-43.720% 12/08/20210.1%
Leidos, Inc.7.125% 07/01/20320.1%
Petrobras Global Finance BV5.600% 01/03/20310.1%
Baffinland Iron Mines Corp / Baffinland Iron Mines8.750% 07/15/20260.1%
IDEX Corp.3.000% 05/01/20300.1%
Diamondback Energy, Inc.3.500% 12/01/20290.1%
JPMorgan Chase & Co.4.600% 12/31/20990.1%
Signature Aviation US Holdings Inc4.000% 03/01/20280.1%
Clearway Energy Operating LLC4.750% 03/15/20280.1%
MEDNAX, Inc.6.250% 01/15/20270.1%
ESH Hospitality, Inc.4.625% 10/01/20270.1%
Rite Aid Corp.6.125% 04/01/20230.1%
United Natural Foods Inc4.424% 10/22/20250.1%
Ashland, Inc.6.875% 05/15/20430.1%
Tesla Motors, Inc.5.300% 08/15/20250.1%
Hilton Domestic Operating Co, Inc.4.875% 01/15/20300.1%
New Gold, Inc.6.250% 11/15/20220.1%
Cheniere Corpus Christi Holdings LLC5.125% 06/30/20270.1%
Valeant Pharmaceuticals International, Inc.5.250% 01/30/20300.1%
Zayo Group Holdings, Inc.6.125% 03/01/20280.1%
Playtika Holding Corp7.072% 12/03/20240.1%
Kraft Heinz Foods Co.4.625% 01/30/20290.1%
Match Group, Inc.4.125% 08/01/20300.1%
Enviva Partners LP / Enviva Partners Finance Corp6.500% 01/15/20260.1%
Panther BF Aggregator 2 LP / Panther Finance Co In8.500% 05/15/20270.1%
Freeport-McMoRan, Inc.4.125% 03/01/20280.1%
MPH Acquisition Holdings LLC7.125% 06/01/20240.1%
United Rentals, Inc.5.500% 05/15/20270.1%
Match Group, Inc.5.000% 12/15/20270.1%
Select Medical Corp.6.250% 08/15/20260.1%
LifePoint Hospitals, Inc.6.750% 04/15/20250.1%
Royal Caribbean Cruises Ltd.11.500% 06/01/20250.1%
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell o4.750% 06/01/20270.1%
Hayward Acquisition Corp.3.674% 08/05/20240.1%
Kraft Heinz Foods Co.4.375% 06/01/20460.1%
CCO Holdings LLC / CCO Holdings Capital Corp.5.875% 05/01/20270.1%
BBCMS 2019-BWAY Mortgage Trust1.140% 11/25/20340.1%
XPO Logistics, Inc.6.250% 05/01/20250.1%
United Rentals, Inc.4.875% 01/15/20280.1%
Exelon Corp.4.050% 04/15/20300.1%
Boyd Gaming Corp.4.750% 12/01/20270.1%
HAT Holdings I LLC / HAT Holdings II LLC6.000% 04/15/20250.1%
Calpine Corp.5.125% 03/15/20280.1%
Community Health Systems, Inc.8.625% 01/15/20240.1%
Toll Brothers Finance Corp.4.350% 02/15/20280.1%
Masonite International Corp.5.375% 02/01/20280.1%
Garda World Security Corp4.625% 02/15/20270.1%
Quicken Loans LLC5.750% 05/01/20250.1%
Uber Technologies Inc8.000% 11/01/20260.1%
Baxter International, Inc.3.750% 10/01/20250.1%
RBS Global & Rexnord Corp.4.875% 12/15/20250.1%
Griffon Corp.5.750% 03/01/20280.1%
Surgery Center Holdings, Inc.10.000% 04/15/20270.1%
Block Communications, Inc.4.875% 03/01/20280.1%
Beazer Homes USA, Inc.7.250% 10/15/20290.1%
GrubHub Holdings Inc5.500% 07/01/20270.1%
Warrior Met Coal Inc8.000% 11/01/20240.1%
Capitol Investment Merger Sub 2 LLC10.000% 08/01/20240.1%
Indigo Natural Resources LLC6.875% 02/15/20260.1%
Twin River Worldwide Holdings Inc6.750% 06/01/20270.1%
Murphy Oil Corp.5.875% 12/01/20270.1%
BBCMS 2019-BWAY Mortgage Trust1.494% 11/25/20340.1%
Lower Cadence Holdings L4.174% 05/08/20260.1%
BCD Acquisition, Inc.9.625% 09/15/20230.1%
NEP/NCP Holdco Inc4.700% 10/05/20250.1%
Mattamy Group Corp.4.625% 03/01/20300.1%
General Electric Co.6.150% 08/07/20370.1%
Spectacle Gary Holdings, LLC11.000% 10/17/20240.1%
Enterprise Development Authority/The12.000% 07/15/20240.1%
Hilcorp Energy L.P. / Hilcorp Finance Co.5.750% 10/01/20250.1%
Springleaf Finance Corp.5.375% 11/15/20290.1%
MEG Energy Corp.7.000% 03/31/20240.1%
Shea Homes LP / Shea Homes Funding Corp.4.750% 02/15/20280.1%
Spain Government Bond2.700% 10/31/20480.1%
Hecla Mining Co.7.250% 02/15/20280.1%
Radiology Partners Inc9.250% 02/01/20280.1%
Builders FirstSource, Inc.5.000% 03/01/20300.1%
Leidos, Inc.4.375% 05/15/20300.1%
FX USD/BRL 06/200.000% 06/04/20200.1%
Republic of Peru2.392% 01/23/20260.1%
Presidio Holdings Inc8.250% 02/01/20280.1%
Ahern Rentals, Inc.7.375% 05/15/20230.1%
AG Issuer LLC6.250% 03/01/20280.1%
Pulte Group, Inc.5.500% 03/01/20260.1%
JBS USA LLC/JBS USA Finance, Inc.6.750% 02/15/20280.1%
NGPL Pipeco LLC4.875% 08/15/20270.1%
Weight Watchers International, Inc.8.625% 12/01/20250.1%
Clearway Energy Operating LLC5.750% 10/15/20250.1%
AHP Health Partners Inc9.750% 07/15/20260.1%
Western Digital Corp.4.750% 02/15/20260.1%
Toll Brothers Finance Corp.4.875% 03/15/20270.1%
SM Energy Co.6.750% 09/15/20260.1%
JPMorgan Chase & Co.4.000% 12/31/20990.1%
Century Communities, Inc.5.875% 07/15/20250.0%
GLP Capital L.P. / GLP Financing II, Inc.5.750% 06/01/20280.0%
Fresh Market, Inc.9.750% 05/01/20230.0%
Cloud Crane LLC10.125% 08/01/20240.0%
Global Aircraft Leasing Co Ltd6.500% 09/15/20240.0%
West Street Merger Sub Inc6.375% 09/01/20250.0%
Lithia Motors, Inc.4.625% 12/15/20270.0%
Valeant Pharmaceuticals International, Inc.5.000% 01/30/20280.0%
Barminco Finance Pty Ltd.6.625% 05/15/20220.0%
Surgery Center Holdings, Inc.6.750% 07/01/20250.0%
Navient Corp.5.875% 10/25/20240.0%
Navient Corp.5.000% 03/15/20270.0%
Hadrian Merger Sub Inc8.500% 05/01/20260.0%
D.R. Horton, Inc.2.600% 10/15/20250.0%
Buena Vista Gaming Authority13.000% 04/01/20230.0%
Citgo Holding, Inc.9.250% 08/01/20240.0%
Churchill Downs, Inc.4.750% 01/15/20280.0%
Credit Index Swap5.000% 06/20/20250.0%
Carrier Global Corp3.577% 04/05/20500.0%
FX CAD/USD 06/200.000% 06/15/20200.0%
TerraForm Power Operating LLC4.750% 01/15/20300.0%
FX EUR/USD 06/200.000% 06/09/20200.0%
WPX Energy, Inc.8.250% 08/01/20230.0%
AutoNation, Inc.4.750% 06/01/20300.0%
FX USD/ZAR 06/200.000% 06/11/20200.0%
FX AUD/USD 07/200.000% 07/31/20200.0%
FX GBP/USD 06/200.000% 06/05/20200.0%
Leidos, Inc.5.500% 07/01/20330.0%
FX IDR/USD 06/200.000% 06/11/20200.0%
FX EUR/USD 06/200.000% 06/09/20200.0%
FX EUR/USD 06/200.000% 06/09/20200.0%
Spectacle Gary Holding11.000% 11/07/20250.0%
FX CHF/USD 07/200.000% 07/31/20200.0%
FX BRL/USD 06/200.000% 06/04/20200.0%
FX RUB/USD 06/200.000% 06/11/20200.0%
FX USD/TWD 07/200.000% 07/17/20200.0%
FX NZD/USD 07/200.000% 07/29/20200.0%
FX ZAR/USD 06/200.000% 06/11/20200.0%
FX EUR/USD 06/200.000% 06/09/20200.0%
FX IDR/USD 06/200.000% 06/11/20200.0%
FX CAD/USD 06/200.000% 06/15/20200.0%
FX AUD/USD 07/200.000% 07/31/20200.0%
Tapstone Energy Holdings III, LLC0.000% 06/01/20220.0%
FX CAD/USD 06/200.000% 06/15/20200.0%
FX EUR/USD 06/200.000% 06/09/20200.0%
FX USD/CNY 08/200.000% 08/07/20200.0%
FX CAD/USD 06/200.000% 06/15/20200.0%
FX GBP/USD 06/200.000% 06/05/20200.0%
FX EUR/USD 06/200.000% 06/09/20200.0%
FX USD/PEN 07/200.000% 07/22/20200.0%
FX EUR/USD 06/200.000% 06/09/20200.0%
FX USD/EUR 06/200.000% 06/09/20200.0%
Tapstone Energy LLC / Tapstone Energy Finance Corp0.000% -0.0%
EURO-BOBL FUT Jun200.000% 06/10/20200.0%
US 10YR ULTRA FUT SEP200.000% 09/30/20200.0%
US 5YR NOTE (CBT) SEP200.000% 10/05/20200.0%
US ULTRA BOND CBT SEP200.000% 09/30/20200.0%
FX CNY/USD 08/200.000% 08/07/20200.0%
FX GBP/USD 06/200.000% 06/05/20200.0%
FX JPY/USD 07/200.000% 07/30/20200.0%
FX USD/EUR 06/200.000% 06/09/20200.0%
FX GBP/USD 06/200.000% 06/05/20200.0%
FX GBP/USD 06/200.000% 06/05/20200.0%
FX EUR/USD 06/200.000% 06/09/20200.0%
FX KRW/USD 08/200.000% 08/24/20200.0%
FX EUR/USD 06/200.000% 06/09/20200.0%
FX USD/EUR 06/200.000% 06/09/20200.0%
FX USD/CAD 06/200.000% 06/15/20200.0%
FX USD/BRL 09/200.000% 09/02/20200.0%
FX USD/EUR 06/200.000% 06/09/20200.0%
FX ZAR/AUD 08/200.000% 08/28/20200.0%
FX MXN/USD 06/200.000% 06/18/20200.0%
FX USD/IDR 06/200.000% 06/11/20200.0%
FX USD/THB 07/200.000% 07/29/20200.0%
FX NOK/USD 06/200.000% 06/11/20200.0%
FX EUR/USD 06/200.000% 06/09/20200.0%
FX GBP/USD 06/200.000% 06/05/20200.0%
FX USD/EUR 06/200.000% 06/09/20200.0%
FX USD/EUR 06/200.000% 06/09/20200.0%
FX EUR/USD 06/200.000% 06/09/20200.0%
FX USD/CAD 07/200.000% 07/20/20200.0%
FX JPY/USD 08/200.000% 08/03/2020-0.1%

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.

Fees & Expenses

Fees & Expenses

Expense Ratioas of 06/30/2020

Fund Gross Expense Ratio Fund Net Expense Ratio
2.78% 0.53%

Expense ratio details, Click here.

Fund Documents

Fund Documents

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Summary Prospectus
Publish Date:11/03/2015
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Statutory Prospectus
Publish Date:11/03/2015
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Prospectus (XBRL)
Publish Date:11/03/2015
SAI
Publish Date:11/03/2015
Annual Report
Publish Date:11/03/2015
Semi-Annual Report
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015
Commentary
Publish Date:11/03/2015

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