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Global Bond Fund

Daily price w/o sales charge as of 08/19/2019

$10.17

arrowDown$0.04

YTD Returns w/o sales charge as of 08/19/2019

7.20%

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 08/19/2019  

  Subsidized3 Un-Subsidized4
w/o sales charge 3.49% 1.40%

30-Day Standardized Yield 2 as of 07/31/2019  

  Subsidized3 Un-Subsidized4
w/o sales charge 2.51% 0.00%

Fund Basicsas of 07/31/2019

Total Net Assets
$10.66 M
Inception Date
08/01/2018
Dividend Frequency
Monthly
Fund Gross Expense Ratio
2.55%
Fund Net Expense Ratio
0.46%
Number of Holdings
306

Fund Expense Ratio :

Gross 2.55%

Net 0.46%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2018
w/o sales charge 6.59% 5.23% - - - 5.23%
Lipper Category Avg. Global Income Funds 6.52% 6.01% - - - -
Bloomberg Barclays Global Aggregate Index 5.27% 5.73% - - - 5.73%

Fund Expense Ratio :

Gross 2.55%

Net 0.46%

Fund Expense Ratio :

Gross 2.55%

Net 0.46%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2018
w/o sales charge 6.91% - - - - 5.54%
Lipper Category Avg. Global Income Funds 6.43% - - - - -
Bloomberg Barclays Global Aggregate Index 5.57% - - - - 6.02%

Fund Expense Ratio :

Gross 2.55%

Net 0.46%

Investment Team

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

Partner & Portfolio Manager

21 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Director of Taxable Fixed Income

18 Years of Industry Experience

Kewjin Yuoh
Kewjin Yuoh

Partner & Portfolio Manager

25 Years of Industry Experience

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

Partner & Portfolio Manager

18 Years of Industry Experience

Brooke Fapohunda
Annika Lombardi

Portfolio Manager

12 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 2.55%

Net 0.46%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2018
w/o sales charge 6.59% 5.23% - - - 5.23%
Lipper Category Avg. Global Income Funds 6.52% 6.01% - - - -
Bloomberg Barclays Global Aggregate Index 5.27% 5.73% - - - 5.73%

Fund Expense Ratio :

Gross 2.55%

Net 0.46%

Fund Expense Ratio :

Gross 2.55%

Net 0.46%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2018
w/o sales charge 6.91% - - - - 5.54%
Lipper Category Avg. Global Income Funds 6.43% - - - - -
Bloomberg Barclays Global Aggregate Index 5.57% - - - - 6.02%

Fund Expense Ratio :

Gross 2.55%

Net 0.46%

Year Fund Returns Bloomberg Barclays Global Aggregate Index
2018 -1.28% -1.20%
Year Q1 Q2 Q3 Q4 Yearly Returns
2019 3.36% 3.43% - - 7.20%
2018 - - - -1.02% -1.28%

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Type Assets
Non-US Corp High Grade
Sovereign Developed
US Corp High Grade
US Corp High Yield
Currency
MBS Passthrough
Non-US Corp High Yield
Govt
ABS
Sovereign Emerging
CMBS
MBS Other
Convertibles
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 07/31/2019

Rating Assets
U.S. Treasury
Agency
AAA
AA
A
BBB
BB
B
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 06/30/2019

  • 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”).
  • Going into the second quarter, the portfolio was overweight risk assets, such as high yield corporate bonds and emerging markets securities. As spreads came in and valuations tightened, we made modest reductions to the portfolio’s risk profile. However, we added back to risk assets, primarily high yield and investment grade European corporate bonds with longer duration at the end of the period. Given the slump in European inflation and the expectation that the European Central Bank (“ECB”) is going to cut rates, we believe European corporate credit spreads will tighten and the longer duration securities will benefit.
  • We reduced the portfolio’s allocation to emerging market securities within Latin America. Specifically, we reduced the portfolio’s exposure to Argentina given the uncertainties surrounding the upcoming presidential election. We also reduced the portfolio’s allocation to Mexico due to the country’s weakening economy and the volatility regarding trade tariffs with the U.S.

Portfolio Details as of 07/31/2019

Total Net Assets
$10.66 M
Number of Issues
306
Average Coupon
4.05%
Average Life
7.60 Years
Average Maturity
8.40 Years
Average Effective Duration
5.53 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
Fannie Mae or Freddie Mac 3.500% 08/01/2049 4.4%
Fannie Mae or Freddie Mac 3.000% 08/01/2049 3.4%
U.S. Treasury Note/Bond 1.750% 06/30/2024 3.3%
Country Garden Holdings Co. Ltd. 4.750% 01/17/2023 1.9%
U.S. Treasury Note/Bond 3.000% 02/15/2049 1.6%
U.S. Treasury Note/Bond 2.625% 02/15/2029 1.5%
Fannie Mae or Freddie Mac 4.000% 08/01/2049 1.5%
U.S. Treasury Note/Bond 2.750% 11/15/2047 1.5%
United Kingdom Gilt 1.625% 10/22/2028 1.3%
CPUK Finance Ltd 3.588% 08/28/2025 1.3%
% of Total Assets 21.7%

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
FNMA Conventional Long T. 30yr4.500% 06/30/20485.5%
FNMA Conventional Long T. 30yr3.500% 02/29/20484.4%
U.S. Treasury Note/Bond1.750% 06/30/20243.3%
Country Garden Holdings Co. Ltd.4.750% 01/17/20231.9%
U.S. Treasury Note/Bond2.625% 02/15/20291.5%
FNMA Conventional Long T. 30yr4.000% 04/30/20481.5%
U.S. Treasury Note/Bond2.750% 11/15/20471.5%
CPUK Finance Ltd3.588% 08/28/20251.3%
Kerry Group Financial Services Unltd Co2.375% 09/10/20251.2%
Mclaren Finance PLC5.000% 08/01/20221.2%
Netflix, Inc.3.625% 05/15/20271.2%
InterXion Holding NV4.750% 06/15/20251.2%
GDF Suez1.375% 02/28/20291.2%
Techem Verwaltungsgesellschaft 674 mbH6.000% 07/30/20261.2%
Crystal Almond SARL10.000% 11/01/20211.2%
Aroundtown SA1.875% 01/19/20261.2%
Development Bank of Japan Inc0.875% 10/10/20251.1%
Piaggio & C SpA3.625% 04/30/20251.1%
Cassa Depositi e Prestiti SpA2.125% 09/27/20231.1%
Lincoln Financing SARL3.625% 04/01/20241.1%
Fidelity National Information Services, Inc.1.500% 05/21/20271.1%
KBC Group NV1.125% 01/25/20241.1%
ING Groep NV1.125% 02/14/20251.1%
ENI SpA0.625% 09/19/20241.1%
Valeant Pharmaceuticals International, Inc.4.500% 05/15/20231.1%
United Kingdom Gilt1.625% 10/22/20281.1%
U.S. Treasury Note/Bond3.000% 02/15/20491.0%
Lloyds Bank plc6.500% 09/14/20201.0%
French Republic Government Bond OAT0.750% 11/25/20281.0%
CPS Auto Receivables Trust 2016-C5.920% 06/15/20221.0%
NBCUniversal Enterprise, Inc.5.250% 06/19/20991.0%
Exeter Automobile Receivables Trust 2015-15.830% 12/15/20211.0%
Kommuninvest I Sverige AB1.000% 05/12/20251.0%
American Express Credit Account Master Trust2.670% 10/17/20221.0%
Ford Credit Auto Owner Trust 2014-REV22.310% 04/15/20261.0%
Barclays Dryrock Issuance Trust 2016-11.520% 05/16/20221.0%
Chase Issuance Trust1.270% 07/15/20211.0%
Discover Card Execution Note Trust1.900% 10/17/20221.0%
Spain Government Bond4.200% 01/31/20370.9%
United Kingdom Gilt1.500% 07/22/20470.9%
Ally Master Owner Trust3.300% 07/17/20230.9%
Chesapeake Funding II LLC2.764% 08/15/20300.8%
China Development Bank3.680% 02/26/20260.8%
French Republic Government Bond OAT1.250% 05/25/20360.8%
Republic of Argentina5.625% 01/26/20220.8%
Bundesrepublik Deutschland Bundesanleihe1.250% 08/15/20480.7%
Martin Marietta Materials, Inc.3.133% 12/20/20190.7%
OPB Finance Trust2.980% 01/25/20270.7%
Municipal Finance Authority of British Columbia1.750% 10/15/20200.6%
BAT International Finance plc6.375% 12/12/20190.6%
ESB Finance DAC6.500% 03/05/20200.6%
African Development Bank Group3.350% 08/08/20280.6%
Norgeskreditt AS4.250% 06/16/20210.6%
State of North Rhine-Westphalia Germany1.500% 06/12/20400.5%
Spain Government Bond1.400% 07/30/20280.5%
Macquarie Bank Ltd.6.625% 04/07/20210.5%
Province of Ontario, Canada2.900% 06/02/20280.5%
Canadian Oil Sands Ltd.4.500% 04/01/20220.5%
Indonesia Treasury Bond8.375% 03/15/20240.5%
OM Asset Management plc4.800% 07/27/20260.5%
BMW US Capital LLC2.000% 11/20/20190.5%
Marathon Petroleum Corp.5.375% 10/01/20220.5%
Continental Resources, Inc.5.000% 09/15/20220.5%
Macquarie Group Ltd.3.763% 11/28/20280.5%
Santander UK Group Holdings plc3.125% 01/08/20210.5%
Southern Power Co3.183% 12/20/20200.5%
Royal Bank of Canada2.300% 03/22/20210.5%
Drive Auto Receivables Trust3.360% 10/17/20220.5%
FX JPY/USD 07/190.000% 07/31/20190.5%
Capital Auto Receivables Asset Trust 2018-12.790% 01/20/20220.5%
JP Morgan Chase Commercial Mortgage Securities Tru3.394% 06/15/20320.5%
Cox Communications, Inc.8.375% 03/01/20390.5%
Neuberger Berman Group LLC4.875% 04/15/20450.5%
International Finance Corp.4.250% 08/21/20230.5%
Italy Buoni Poliennali Del Tesoro2.450% 09/01/20330.4%
United Kingdom Gilt4.250% 12/07/20270.4%
Brazil Letras do Tesouro Nacional0.000% 07/01/20220.4%
VEREIT Operating Partnership L.P.4.875% 06/01/20260.4%
Petroleos Mexicanos5.500% 02/24/20250.4%
Valero Energy Corp.10.500% 03/15/20390.4%
British Telecommunications plc8.625% 03/26/20200.4%
United Kingdom Gilt0.750% 07/22/20230.4%
Toronto Hydro Corp3.540% 11/18/20210.4%
Russian Federal Bond - OFZ7.000% 08/16/20230.4%
Dell International LLC / EMC Corp.8.350% 07/15/20460.4%
Telstra Corp., Ltd.7.750% 07/15/20200.4%
Citigroup Commercial Mortgage Trust 2016-GC362.850% 02/10/20490.4%
French Republic Government Bond OAT2.000% 05/25/20480.4%
Spain Government Bond1.450% 04/30/20290.4%
Teachers Insurance & Annuity Association of Americ4.900% 09/15/20440.3%
TransDigm, Inc.6.250% 03/15/20260.3%
United Kingdom Gilt1.750% 09/07/20370.3%
Origin Energy Finance Ltd.5.450% 10/14/20210.3%
Sabine Pass Liquefaction LLC5.875% 06/30/20260.3%
General Motors Co.6.750% 04/01/20460.3%
Republic of Ireland1.700% 05/15/20370.3%
Ecopetrol S.A.5.875% 05/28/20450.3%
South Coast British Columbia Transportation Author3.800% 11/02/20200.3%
Republic of El Salvador6.375% 01/18/20270.3%
Intelsat Jackson Holdings SA5.500% 08/01/20230.3%
COMM Mortgage Trust4.588% 07/10/20500.3%
Ausgrid Finance Pty Ltd4.350% 08/01/20280.3%
Netflix, Inc.5.875% 02/15/20250.3%
South Africa Government Bond8.750% 02/28/20480.3%
Republic of Turkey7.375% 02/05/20250.3%
Brazil Notas do Tesouro Nacional Serie F10.000% 01/01/20290.3%
YPF S.A.8.750% 04/04/20240.3%
Bahamas Government International Bond6.950% 11/20/20290.3%
WGL Holdings, Inc.3.029% 11/29/20190.3%
United Kingdom Gilt2.000% 07/22/20200.3%
Puget Energy, Inc.5.625% 07/15/20220.3%
BAT Capital Corp3.564% 08/15/20220.3%
Petroleos Mexicanos5.350% 02/12/20280.3%
European Investment Bank1.125% 04/13/20330.3%
Caesars Palace Las Vegas Trust 2017-VICI4.499% 10/15/20340.3%
Kingdom of Belgium Government Bond0.800% 06/22/20280.3%
Trimble Navigation Ltd.4.900% 06/15/20280.3%
CCO Holdings LLC / CCO Holdings Capital Corp.5.875% 05/01/20270.3%
Numericable Group S.A.7.375% 05/01/20260.3%
Newmont Mining Corp.3.700% 03/15/20230.3%
New Zealand Local Government Funding Agency Bond2.750% 04/15/20250.2%
Sprint Capital Corp.6.875% 11/15/20280.2%
Citigroup Commercial Mortgage Trust 2016-P32.804% 04/15/20490.2%
PPL WEM Ltd./Western Power Distribution Ltd.5.375% 05/01/20210.2%
COMM Mortgage Trust4.588% 07/10/20500.2%
RBS Global & Rexnord Corp.4.875% 12/15/20250.2%
General Electric Co.3.587% 04/15/20200.2%
BA Credit Card Trust1.950% 08/15/20220.2%
JP Morgan Chase Commercial Mortgage Securities Tru5.394% 06/15/20350.2%
Hyundai Capital America3.450% 03/12/20210.2%
United Mexican States, MTN4.750% 03/08/20440.2%
Stars Group Holdings BV / Stars Group US Co-Borrow7.000% 07/15/20260.2%
DKT Finance ApS9.375% 06/17/20230.2%
Santander Drive Auto Receivables Trust 2018-34.070% 08/15/20240.2%
Embraer Netherlands Finance BV5.050% 06/15/20250.2%
United Rentals, Inc.5.500% 05/15/20270.2%
Mattel, Inc.6.750% 12/31/20250.2%
Italy Buoni Poliennali Del Tesoro3.850% 09/01/20490.2%
OCI NV6.625% 04/15/20230.2%
Petroleos Mexicanos6.375% 02/04/20210.2%
Vale Overseas Ltd.6.250% 08/10/20260.2%
Glencore Finance Canada Ltd.5.550% 10/25/20420.2%
CIT Group, Inc.6.125% 03/09/20280.2%
AMC Networks, Inc.4.750% 08/01/20250.2%
Navient Corp.6.750% 06/25/20250.2%
Tenet Healthcare Corp.7.000% 08/01/20250.2%
Bombardier, Inc.7.500% 03/15/20250.2%
Aston Martin Capital Holdings Ltd6.500% 04/15/20220.2%
Fibria Overseas Finance Ltd.5.250% 05/12/20240.2%
Calpine Corp.5.500% 02/01/20240.2%
Portugal Obrigacoes do Tesouro OT4.100% 02/15/20450.2%
T-Mobile USA, Inc.6.500% 01/15/20260.2%
Goldman Sachs Group, Inc.6.750% 10/01/20370.2%
Bundesrepublik Deutschland Bundesanleihe4.000% 01/04/20370.2%
Cenovus Energy, Inc.5.700% 10/15/20190.2%
William Carter Co.5.625% 03/15/20270.2%
Gray Television, Inc.7.000% 05/15/20270.2%
Tesla Motors, Inc.5.300% 08/15/20250.2%
General Electric Co.6.150% 08/07/20370.2%
National Oilwell Varco, Inc.3.950% 12/01/20420.2%
Popular, Inc.6.125% 09/14/20230.2%
Spain Government Bond2.700% 10/31/20480.2%
TRI Pointe Homes LLC5.250% 06/01/20270.2%
DISH DBS Corp.7.750% 07/01/20260.2%
Drive Auto Receivables Trust3.660% 11/15/20240.2%
Egypt Government Bond15.700% 11/07/20270.2%
Centene Corp.5.375% 06/01/20260.2%
Synchrony Credit Card Master Note Trust3.470% 05/15/20260.2%
Itron, Inc.5.000% 01/15/20260.2%
MPT Operating Partnership L.P.5.000% 10/15/20270.1%
William Lyon Homes, Inc.7.000% 08/15/20220.1%
Century Communities, Inc.6.750% 06/01/20270.1%
Oasis Petroleum, Inc.6.875% 03/15/20220.1%
AmeriCredit Automobile Receivables 2015-43.720% 12/08/20210.1%
MEG Energy Corp.7.000% 03/31/20240.1%
Baffinland Iron Mines Corp / Baffinland Iron Mines8.750% 07/15/20260.1%
Ally Financial, Inc.8.000% 11/01/20310.1%
Titan International, Inc.6.500% 11/30/20230.1%
CF Industries, Inc.5.150% 03/15/20340.1%
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell o4.750% 06/01/20270.1%
Elanco Animal Health Inc4.900% 08/28/20280.1%
Cheniere Corpus Christi Holdings LLC5.125% 06/30/20270.1%
Kingdom of Belgium Government Bond1.900% 06/22/20380.1%
NRG Energy, Inc.5.750% 01/15/20280.1%
Ashland, Inc.6.875% 05/15/20430.1%
Transocean Poseidon Ltd6.875% 02/01/20270.1%
MSCI, Inc.5.375% 05/15/20270.1%
TIBCO Software, Inc.11.375% 12/01/20210.1%
Geo Group, Inc.6.000% 04/15/20260.1%
WellCare Health Plans, Inc.5.250% 04/01/20250.1%
Chobani LLC / Chobani Finance Corp Inc7.500% 04/15/20250.1%
Republic of Peru6.350% 08/12/20280.1%
Albertsons Cos LLC / Safeway, Inc. / New Albertson6.625% 06/15/20240.1%
United Rentals, Inc.4.875% 01/15/20280.1%
William Lyon Homes, Inc.6.000% 09/01/20230.1%
Molina Healthcare, Inc.4.875% 06/15/20250.1%
American Axle & Manufacturing, Inc.6.500% 04/01/20270.1%
Freeport-McMoRan, Inc.3.875% 03/15/20230.1%
Cardtronics Inc / Cardtronics USA Inc5.500% 05/01/20250.1%
Berry Petroleum Co.7.000% 02/15/20260.1%
Community Health Systems, Inc.8.000% 11/15/20190.1%
Ahern Rentals, Inc.7.375% 05/15/20230.1%
California Resources Corp.8.000% 12/15/20220.1%
SM Energy Co.6.750% 09/15/20260.1%
Brand Energy & Infrastructure Services Inc8.500% 07/15/20250.1%
CSL Capital, LLC8.250% 10/15/20230.1%
Indigo Natural Resources LLC6.875% 02/15/20260.1%
Banff Merger Sub Inc9.750% 09/01/20260.1%
Polaris Intermediate Corp8.500% 12/01/20220.1%
Genworth Holdings Inc4.900% 08/15/20230.1%
Tapstone Energy LLC / Tapstone Energy Finance Corp9.750% 06/01/20220.1%
MEG Energy Corp.6.500% 01/15/20250.1%
Denbury Resources, Inc.6.375% 12/31/20240.1%
Enterprise Development Authority/The12.000% 07/15/20240.1%
AHP Health Partners Inc9.750% 07/15/20260.1%
Cloud Crane LLC10.125% 08/01/20240.1%
JBS USA LLC/JBS USA Finance, Inc.6.750% 02/15/20280.1%
GLP Capital L.P. / GLP Financing II, Inc.5.750% 06/01/20280.1%
W/S Packaging Holdings Inc9.000% 04/15/20230.1%
Buena Vista Gaming Authority13.000% 04/01/20230.1%
Pulte Group, Inc.5.500% 03/01/20260.1%
Boyne USA Inc7.250% 05/01/20250.1%
CONSOL Energy Inc11.000% 11/15/20250.1%
CNO Financial Group, Inc.5.250% 05/30/20250.1%
Kratos Defense & Security Solutions Inc6.500% 11/30/20250.1%
NGPL Pipeco LLC4.875% 08/15/20270.1%
AES Corp.5.125% 09/01/20270.1%
Toll Brothers Finance Corp.4.875% 03/15/20270.1%
Energizer Holdings, Inc.6.375% 07/15/20260.1%
Kingdom of Belgium Government Bond1.600% 06/22/20470.1%
Williams Scotsman International Inc7.875% 12/15/20220.1%
Match Group, Inc.5.000% 12/15/20270.1%
Barminco Finance Pty Ltd.6.625% 05/15/20220.0%
JB Poindexter & Co., Inc.7.125% 04/15/20260.0%
Century Communities, Inc.5.875% 07/15/20250.0%
Clearway Energy Operating LLC5.750% 10/15/20250.0%
Ingles Markets, Inc.5.750% 06/15/20230.0%
Mercer International, Inc.5.500% 01/15/20260.0%
Hilcorp Energy L.P. / Hilcorp Finance Co.5.750% 10/01/20250.0%
Ladder Capital Finance Holdings LLC/Ladder Capital5.250% 10/01/20250.0%
Penn National Gaming, Inc.5.625% 01/15/20270.0%
IRB Holding Corp6.750% 02/15/20260.0%
NESCO LLC / NESCO Finance Corp6.875% 02/15/20210.0%
WeWork Cos Inc7.875% 05/01/20250.0%
Alimentation Couche-Tard, Inc.3.108% 12/13/20190.0%
Western Digital Corp.4.750% 02/15/20260.0%
Bristow Group, Inc.8.750% 03/01/20230.0%
Fresh Market, Inc.9.750% 05/01/20230.0%
EW Scripps Co.5.125% 05/15/20250.0%
Plains All American Pipeline L.P.6.125% 12/31/20990.0%
Hadrian Merger Sub Inc8.500% 05/01/20260.0%
West Street Merger Sub Inc6.375% 09/01/20250.0%
Rain CII Carbon LLC7.250% 04/01/20250.0%
Under Armour, Inc.3.250% 06/15/20260.0%
Weight Watchers International, Inc.8.625% 12/01/20250.0%
Pyxus International Inc9.875% 07/15/20210.0%
Surgery Center Holdings, Inc.6.750% 07/01/20250.0%
Matterhorn Merger Sub LLC / Matterhorn Finance Sub8.500% 06/01/20260.0%
York Risk Services Holding Corp8.500% 10/01/20220.0%
Warrior Met Coal Inc8.000% 11/01/20240.0%
Denbury Resources, Inc.5.500% 05/01/20220.0%
FX KRW/USD 09/190.000% 09/03/20190.0%
Denbury Resources, Inc.7.750% 02/15/20240.0%
Eldorado Resorts, Inc.6.000% 04/01/20250.0%
General Electric Co.3.150% 09/07/20220.0%
Cliffs Natural Resources, Inc.5.750% 03/01/20250.0%
Credit Index Swap1.000% 06/20/20240.0%
FX COP/USD 08/190.000% 08/30/20190.0%
General Electric Co.3.375% 03/11/20240.0%
General Electric Co.3.100% 01/09/20230.0%
FX SEK/USD 09/190.000% 09/11/20190.0%
FX AUD/USD 07/190.000% 07/31/20190.0%
FX USD/GBP 09/190.000% 09/11/20190.0%
General Electric Co.3.450% 05/15/20240.0%
FX MYR/USD 08/190.000% 08/30/20190.0%
FX BRL/USD 08/190.000% 08/14/20190.0%
FX ZAR/USD 07/190.000% 07/31/20190.0%
FX CHF/USD 07/190.000% 07/31/20190.0%
FX CHF/USD 07/190.000% 07/31/20190.0%
FX EUR/USD 09/190.000% 09/18/20190.0%
FX NZD/USD 09/190.000% 09/10/20190.0%
FX USD/AUD 07/190.000% 07/31/20190.0%
FX JPY/USD 07/190.000% 07/31/20190.0%
FX DKK/USD 07/190.000% 07/31/20190.0%
FX PHP/USD 09/190.000% 09/03/20190.0%
FX JPY/USD 07/190.000% 07/31/20190.0%
FX MXN/USD 09/190.000% 09/19/20190.0%
US 10YR ULTRA FUT SEP190.000% 09/30/20190.0%
US 2YR NOTE (CBT) SEP190.000% 10/03/20190.0%
EURO-BUND FUTURE Sep190.000% 09/10/20190.0%
US 5YR NOTE (CBT) SEP190.000% 10/03/20190.0%
FX USD/EUR 09/190.000% 09/18/20190.0%
FX BRL/USD 09/190.000% 09/24/20190.0%
FX USD/BRL 09/190.000% 09/24/20190.0%
FX USD/NZD 09/190.000% 09/10/20190.0%
FX USD/JPY 07/190.000% 07/31/20190.0%
FX USD/ZAR 09/190.000% 09/18/20190.0%
FX USD/GBP 09/190.000% 09/11/20190.0%
FX USD/DKK 07/190.000% 07/31/20190.0%
FX USD/CNY 07/190.000% 07/11/20190.0%
FX USD/IDR 09/190.000% 09/19/20190.0%
FX USD/CNH 09/190.000% 09/03/20190.0%
FX USD/BRL 08/190.000% 08/14/20190.0%
FX USD/AUD 07/190.000% 07/31/20190.0%
FX USD/EUR 09/190.000% 09/18/20190.0%
FX USD/COP 08/190.000% 08/30/20190.0%
FX USD/RUB 07/190.000% 07/31/20190.0%
FX USD/THB 07/190.000% 07/31/20190.0%
FX USD/PHP 09/190.000% 09/03/20190.0%
FX CNY/USD 07/190.000% 07/11/20190.0%
FX USD/SEK 09/190.000% 09/11/20190.0%
FX USD/ZAR 07/190.000% 07/31/20190.0%
Credit Default Swap1.000% 06/20/20240.0%
FX USD/EUR 09/190.000% 09/18/20190.0%

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.

Fees & Expenses

Fees & Expenses

Expense Ratioas of 07/31/2019

Fund Gross Expense Ratio Fund Net Expense Ratio
2.55% 0.46%

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
Fact Sheet
Publish Date:11/03/2015
Commentary
Publish Date:11/03/2015

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