High Yield Fund

LHYCX

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Daily price w/o sales charge as of 09/21/2018

$7.43

$0.00

YTD Returns w/o sales charge as of 09/21/2018

0.64%

Overall Morningstar Ratings

High Yield Bond

as of 08/31/2018

Morningstar rated the Lord Abbett High Yield Fund class C share 4, 4 and 4 stars among 590, 494 and 331 High Yield Bond Funds for the overall rating and the 3, 5 and 10 year periods ended 8/31/2018, respectively.

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

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Summary

What is the High Yield Fund?

The Fund seeks to deliver current income and the opportunity for capital appreciation by investing primarily in high yield corporate bonds.

A HERITAGE OF HIGH YIELD

Brings a 40+ year history of high-yield investing, focused on fundamental, bottom-up credit research.

AN OPPORTUNISTIC APPROACH

Provides the flexibility to adjust to the market environment and take advantage of opportunities across the credit spectrum.

STRONG TRACK RECORD

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 high-yield holding over a full market cycle.

Yield

Dividend Yield ¹ as of 09/21/2018

w/o sales charge

5.25%

30-Day Standardized Yield ² as of 08/31/2018

4.72%

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

Fund Basicsas of 08/31/2018

Total Net Assets: $6.78 B
Inception Date: 12/31/1998
Dividend Frequency: Monthly
Fund Expense Ratio: 1.56%
Number of Holdings: 755
CUSIP: 54400N300
Minimum Initial Investment: $1,500+

Fund Expense Ratio :

1.56%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 12/31/1998

w/o sales charge	0.49%	2.39%	6.14%	5.47%	7.84%	6.18%
Lipper Category Avg. High Yield Funds	1.26%	2.60%	5.38%	4.39%	6.81%	-
ICE BofAML U.S. High Yield Constrained Index	1.93%	3.27%	7.06%	5.64%	8.41%	6.82%
w/ sales charge	-0.48%	2.39%	6.14%	5.47%	7.84%	6.18%

Fund Expense Ratio :

1.56%

Fund Expense Ratio :

1.56%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 12/31/1998

w/o sales charge	-1.44%	1.65%	4.65%	5.34%	7.54%	6.13%
Lipper Category Avg. High Yield Funds	-0.32%	2.01%	4.10%	4.32%	6.52%	-
ICE BofAML U.S. High Yield Constrained Index	0.08%	2.54%	5.56%	5.51%	8.08%	6.79%
w/ sales charge	-2.41%	1.65%	4.65%	5.34%	7.54%	6.13%

Fund Expense Ratio :

1.56%

Returns with sales charges reflect a maximum sales charge of 2.25%.

The performance quoted represents past performance, which is no indication of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Therefore, there can be no assurance of future results.

Credit Quality Distribution as of 08/31/2018 View Portfolio

Rating	Assets
BBB
BB
B
<B
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 average rating based on numeric values assigned to each 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

Steven F. Rocco, CFA

Partner & Director of Taxable Fixed Income

17 Years of Industry Experience

Robert A. Lee

Partner & Chief Investment Officer

27 Years of Industry Experience

Christopher Gizzo, CFA

Portfolio Manager

10 Years of Industry Experience

Supported By 61 Investment Professionals with 15 Years Avg. Industry Experience

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Performance

Dividend Yield ¹ as of 09/21/2018

w/o sales charge

5.25%

30-Day Standardized Yield ² as of 08/31/2018

	Subsidized³	Un-Subsidized⁴
w/o sales charge	4.72%	4.72%

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

Fund Expense Ratio :

1.56%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 12/31/1998

w/o sales charge	0.49%	2.39%	6.14%	5.47%	7.84%	6.18%
Lipper Category Avg. High Yield Funds	1.26%	2.60%	5.38%	4.39%	6.81%	-
ICE BofAML U.S. High Yield Constrained Index	1.93%	3.27%	7.06%	5.64%	8.41%	6.82%
w/ sales charge	-0.48%	2.39%	6.14%	5.47%	7.84%	6.18%

Fund Expense Ratio :

1.56%

Fund Expense Ratio :

1.56%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 12/31/1998

w/o sales charge	-1.44%	1.65%	4.65%	5.34%	7.54%	6.13%
Lipper Category Avg. High Yield Funds	-0.32%	2.01%	4.10%	4.32%	6.52%	-
ICE BofAML U.S. High Yield Constrained Index	0.08%	2.54%	5.56%	5.51%	8.08%	6.79%
w/ sales charge	-2.41%	1.65%	4.65%	5.34%	7.54%	6.13%

Fund Expense Ratio :

1.56%

Returns with sales charges reflect a maximum sales charge of 2.25%.

Year	Fund Returns	ICE BofAML U.S. High Yield Constrained Index

2017	7.80%	7.48%
2016	15.15%	17.49%
2015	-2.92%	-4.61%
2014	2.79%	2.51%
2013	8.98%	7.41%
2012	15.77%	15.55%
2011	2.41%	4.37%
2010	13.44%	15.07%
2009	49.15%	58.10%
2008	-23.93%	-26.11%
2007	1.84%	-
2006	9.16%	-
2005	0.53%	-
2004	9.73%	-
2003	20.72%	-
2002	-0.54%	-
2001	4.59%	-
2000	-3.52%	-
1999	5.78%	-
1998	0.80%	-

Year	Q1	Q2	Q3	Q4	Yearly Returns

2018	-1.24%	-0.21%	-	-	0.67%
2017	2.66%	1.81%	2.29%	0.83%	7.80%
2016	2.00%	5.22%	5.31%	1.89%	15.15%
2015	2.90%	0.70%	-4.41%	-1.99%	-2.92%
2014	2.76%	3.10%	-1.88%	-1.12%	2.79%
2013	3.81%	-1.21%	2.48%	3.70%	8.98%
2012	6.48%	0.19%	4.90%	3.45%	15.77%
2011	3.64%	0.89%	-7.23%	5.57%	2.41%
2010	4.74%	-1.00%	6.14%	3.07%	13.44%
2009	5.78%	17.17%	13.72%	5.82%	49.15%
2008	-3.61%	1.83%	-8.00%	-15.78%	-23.93%
2007	2.82%	-0.04%	0.44%	-1.34%	1.84%
2006	2.29%	-0.15%	2.78%	3.99%	9.16%
2005	-1.92%	1.36%	0.72%	0.40%	0.53%
2004	0.96%	-0.56%	4.20%	4.91%	9.73%
2003	3.78%	8.09%	2.33%	5.16%	20.72%
2002	1.46%	-3.85%	-3.80%	5.98%	-0.54%
2001	4.97%	-1.83%	-4.24%	5.99%	4.59%
2000	-1.71%	0.73%	0.15%	-2.71%	-3.52%
1999	3.07%	-0.36%	-0.86%	3.89%	5.78%
1998	-	-	-	-	0.80%

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

NAV Historical Prices

Date	Net Asset Value

Portfolio

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

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

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

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

Credit Quality Distribution as of 08/31/2018

Rating	Assets
BBB
BB
B
<B
Not Rated

Portfolio Positioning as of 6/30/2018

Despite continuing equity market volatility and oscillating Treasury yields during the quarter, high yield bonds posted positive returns, outperforming the higher quality market segment represented by the Bloomberg Barclays U.S. Aggregate Bond Index.
One of portfolio’s biggest overweights remains the basic industry sector. Within the sector, we favor the metals and mining segments, as companies in these sub-sectors are poised to benefit from an improving economic growth, firming commodity prices, and the potential for increased infrastructure spending.
We increased the portfolio’s exposure to the health care sector due to improving volumes in the hospitals segment and improved overall sentiment in the industry.
The portfolio’s biggest underweight remains the telecom sector. In addition to secular issues faced by the wireline segment, idiosyncratic issues continue to plague major wireline companies.
As of quarter-end, the portfolio had modest allocations to out-of-index sectors, such as bank loans, convertibles, investment grade bonds, and equities. Select exposures to these sectors offer attractive risk-reward opportunities, potential portfolio diversification benefits and avenues for liquidity.

Portfolio Details as of 08/31/2018

Total Net Assets: $6.78 B
Number of Issues: 755
Average Coupon: 6.51%
Average Maturity: 6.71 Years
Average Effective Duration: 4.68 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

HCA, Inc.	5.250%	06/15/2026	0.8%
Freeport-McMoRan, Inc.	3.875%	03/15/2023	0.8%
Bombardier, Inc.	7.500%	03/15/2025	0.8%
T-Mobile USA, Inc.	6.500%	01/15/2026	0.7%
Tenet Healthcare Corp.	5.125%	05/01/2025	0.6%
Peabody Energy Corp.	6.375%	03/31/2025	0.6%
CCO Holdings LLC / CCO Holdings Capital Corp.	5.875%	04/01/2024	0.5%
CenturyLink, Inc.	7.500%	04/01/2024	0.5%
HCA, Inc.	5.500%	06/15/2047	0.5%
Numericable Group S.A.	7.375%	05/01/2026	0.5%

% of Total Assets			6.3%

Aggregate holdings are updated monthly, 30 days after month end. Aggregate holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest, and may not be representative of the Fund's current or future investments. The figures presented are as of the date shown and may change at any time.

Holding	Coupon	Maturity	Assets

Freeport-McMoRan, Inc.	3.875%	03/15/2023	0.8%
Bombardier, Inc.	7.500%	03/15/2025	0.8%
HCA, Inc.	5.250%	06/15/2026	0.8%
T-Mobile USA, Inc.	6.500%	01/15/2026	0.7%
Peabody Energy Corp.	6.375%	03/31/2025	0.6%
Tesla Motors, Inc.	5.300%	08/15/2025	0.5%
CCO Holdings LLC / CCO Holdings Capital Corp.	5.875%	04/01/2024	0.5%
Netflix, Inc.	3.625%	05/15/2027	0.5%
Numericable Group S.A.	7.375%	05/01/2026	0.5%
Tenet Healthcare Corp.	5.125%	05/01/2025	0.5%
CCO Holdings LLC / CCO Holdings Capital Corp.	5.750%	02/15/2026	0.5%
California Resources Corp.	8.000%	12/15/2022	0.5%
HCA, Inc.	5.500%	06/15/2047	0.5%
Intelsat Jackson Holdings SA	5.500%	08/01/2023	0.5%
Calpine Corp.	5.750%	01/15/2025	0.5%
Netflix, Inc.	5.875%	02/15/2025	0.5%
Ally Financial, Inc.	8.000%	11/01/2031	0.4%
Navient Corp.	6.750%	06/25/2025	0.4%
Navient Corp.	6.125%	03/25/2024	0.4%
Dell International LLC / EMC Corp	6.020%	06/15/2026	0.4%
Valeant Pharmaceuticals International, Inc.	5.875%	05/15/2023	0.4%
WellCare Health Plans, Inc.	5.250%	04/01/2025	0.4%
CCO Holdings LLC / CCO Holdings Capital Corp.	5.875%	05/01/2027	0.4%
CSC Holdings LLC	10.875%	10/15/2025	0.4%
Cheniere Corpus Christi Holdings LLC	5.125%	06/30/2027	0.4%
United Rentals, Inc.	4.875%	01/15/2028	0.4%
Intelsat Connect Finance SA	12.500%	04/01/2022	0.4%
MGM Resorts International	6.000%	03/15/2023	0.4%
Sirius XM Radio, Inc.	5.000%	08/01/2027	0.4%
Valeant Pharmaceuticals International, Inc.	4.500%	05/15/2023	0.4%
MEG Energy Corp.	7.000%	03/31/2024	0.3%
Valeant Pharmaceuticals International, Inc.	5.625%	12/01/2021	0.3%
Equinix, Inc.	2.875%	02/01/2026	0.3%
Transocean, Inc.	7.500%	01/15/2026	0.3%
Genworth Holdings Inc	4.900%	08/15/2023	0.3%
Tapstone Energy LLC / Tapstone Energy Finance Corp	9.750%	06/01/2022	0.3%
Wynn Las Vegas LLC	5.500%	03/01/2025	0.3%
Teva Pharmaceutical Finance Netherlands III BV	3.150%	10/01/2026	0.3%
Noble Holding International Ltd.	7.875%	02/01/2026	0.3%
Clear Channel Worldwide Holdings, Inc.	6.500%	11/15/2022	0.3%
Blue Cube Spinco, Inc.	10.000%	10/15/2025	0.3%
Alcoa Nederland Holding BV	6.750%	09/30/2024	0.3%
Cheniere Corpus Christi Holdings LLC	5.875%	03/31/2025	0.3%
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell o	5.000%	06/01/2024	0.3%
Precision Drilling Corp.	5.250%	11/15/2024	0.3%
Diamondback Energy, Inc.	4.750%	11/01/2024	0.3%
Centene Corp.	5.375%	06/01/2026	0.3%
CSL Capital, LLC	8.250%	10/15/2023	0.3%
Tenet Healthcare Corp.	6.750%	06/15/2023	0.3%
Cowlitz Tribal Gaming Authority	12.577%	12/04/2020	0.3%
The Royal Bank of Scotland Group PLC	6.000%	12/19/2023	0.3%
GCI LLC	6.875%	04/15/2025	0.3%
Valeant Pharmaceuticals International	8.500%	01/31/2027	0.3%
First Data Corp.	5.750%	01/15/2024	0.3%
Community Health Systems, Inc.	8.000%	11/15/2019	0.3%
RBS Global & Rexnord Corp.	4.875%	12/15/2025	0.3%
Silversea Cruise Finance Ltd.	7.250%	02/01/2025	0.3%
CF Industries, Inc.	5.150%	03/15/2034	0.3%
TRI Pointe Homes LLC	5.250%	06/01/2027	0.3%
MSCI, Inc.	5.750%	08/15/2025	0.3%
BlueLine Rental Finance Corp. / BlueLine Rental LL	9.250%	03/15/2024	0.3%
Cliffs Natural Resources, Inc.	5.750%	03/01/2025	0.3%
Alta Mesa Holdings L.P. / Alta Mesa Finance Servic	7.875%	12/15/2024	0.3%
Conn's, Inc.	7.250%	07/15/2022	0.3%
CenturyLink, Inc.	5.625%	04/01/2025	0.2%
Citgo Holding, Inc.	10.750%	02/15/2020	0.2%
Molina Healthcare, Inc.	4.875%	06/15/2025	0.2%
APX Group, Inc.	7.625%	09/01/2023	0.2%
NRG Energy, Inc.	5.750%	01/15/2028	0.2%
Bombardier, Inc.	7.500%	12/01/2024	0.2%
Albertsons Cos LLC / Safeway, Inc. / New Albertson	6.625%	06/15/2024	0.2%
Orchestra Borrower LLC / Orchestra Co-Issuer Inc	6.750%	06/15/2022	0.2%
CONSOL Energy Inc	11.000%	11/15/2025	0.2%
Ashland, Inc.	6.875%	05/15/2043	0.2%
Exterran Energy Solutions L.P. / EES Finance Corp.	8.125%	05/01/2025	0.2%
Centene Corp.	4.750%	01/15/2025	0.2%
Weight Watchers International, Inc.	8.625%	12/01/2025	0.2%
Rockies Express Pipeline LLC	6.875%	04/15/2040	0.2%
Centennial Resource Production LLC	5.375%	01/15/2026	0.2%
EP Energy LLC	8.000%	11/29/2024	0.2%
Jonah Energy LLC / Jonah Energy Finance Corp	7.250%	10/15/2025	0.2%
Denbury Resources, Inc.	5.500%	05/01/2022	0.2%
Brand Energy & Infrastructure Services Inc	8.500%	07/15/2025	0.2%
Azul Investments LLP	5.875%	10/26/2024	0.2%
Caesars Palace Las Vegas Trust 2017-VICI	4.354%	10/15/2034	0.2%
Qorvo, Inc.	5.500%	07/15/2026	0.2%
Hema Bondco II BV	8.500%	01/15/2023	0.2%
HCA, Inc.	8.360%	04/15/2024	0.2%
Tenet Healthcare Corp.	4.625%	07/15/2024	0.2%
Enova International, Inc.	8.500%	09/01/2024	0.2%
Telecom Italia Capital S.A.	6.375%	11/15/2033	0.2%
Con-way, Inc.	6.700%	05/01/2034	0.2%
Berry Petroleum Co.	7.000%	02/15/2026	0.2%
Pulte Group, Inc.	5.000%	01/15/2027	0.2%
Vistra Energy Corp	8.125%	01/30/2026	0.2%
Louisiana-Pacific Corp.	4.875%	09/15/2024	0.2%
IRB Holding Corp	6.750%	02/15/2026	0.2%
Yingde Gases Investment Ltd	6.250%	01/19/2023	0.2%
Sensata Technologies BV	5.625%	11/01/2024	0.2%
Callon Petroleum Co.	6.125%	10/01/2024	0.2%
DISH DBS Corp.	7.750%	07/01/2026	0.2%
Hilton Domestic Operating Co, Inc.	5.125%	05/01/2026	0.2%
Wand Merger Corp	9.125%	07/15/2026	0.2%
NGPL Pipeco LLC	4.875%	08/15/2027	0.2%
Ahern Rentals, Inc.	7.375%	05/15/2023	0.2%
BWAY Holding Co.	7.250%	04/15/2025	0.2%
Warrior Met Coal Inc	8.000%	11/01/2024	0.2%
United Rentals, Inc.	4.625%	10/15/2025	0.2%
Forum Energy Technologies, Inc.	6.250%	10/01/2021	0.2%
Rain CII Carbon LLC	7.250%	04/01/2025	0.2%
Churchill Downs, Inc.	4.750%	01/15/2028	0.2%
Rede D'or Finance Sarl	4.950%	01/17/2028	0.2%
CEC Entertainment, Inc.	8.000%	02/15/2022	0.2%
Ortho-Clinical Diagnostics Inc / Ortho-Clinical Di	6.625%	05/15/2022	0.2%
MGIC Investment Corp.	5.750%	08/15/2023	0.2%
Cogent Communications Group, Inc.	5.375%	03/01/2022	0.2%
Norbord, Inc.	6.250%	04/15/2023	0.2%
Ingevity Corp.	4.500%	02/01/2026	0.2%
Hillman Group, Inc.	6.375%	07/15/2022	0.2%
AMC Networks, Inc.	4.750%	08/01/2025	0.2%
AECOM	5.125%	03/15/2027	0.2%
Sirius XM Radio, Inc.	5.375%	07/15/2026	0.2%
Quicken Loans Inc	5.250%	01/15/2028	0.2%
Pulte Group, Inc.	5.500%	03/01/2026	0.2%
Air Medical Group Holdings, Inc.	6.375%	05/15/2023	0.2%
BankUnited, Inc.	4.875%	11/17/2025	0.2%
UPCB Finance Ltd.	5.375%	01/15/2025	0.2%
Rowan Companies, Inc.	4.750%	01/15/2024	0.2%
The Royal Bank of Scotland Group PLC	7.500%	08/10/2165	0.2%
Penn National Gaming, Inc.	5.625%	01/15/2027	0.2%
Popular, Inc.	7.000%	07/01/2019	0.2%
Western Digital Corp.	4.750%	02/15/2026	0.2%
IHeart Communications, Inc.	0.000%	03/01/2021	0.2%
Mclaren Finance PLC	5.000%	08/01/2022	0.2%
Caesars Palace Las Vegas Trust 2017-VICI	4.354%	10/15/2034	0.2%
CenturyLink, Inc.	7.500%	04/01/2024	0.2%
Autopistas del Sol SA/Costa Rica	7.375%	12/30/2030	0.2%
Sealed Air Corp.	6.875%	07/15/2033	0.2%
Britax Childcare	5.834%	10/15/2020	0.2%
CURO Financial Technologies Corp	12.000%	03/01/2022	0.2%
ACE Cash Express Inc	12.000%	12/15/2022	0.2%
SRC Energy Inc	6.250%	12/01/2025	0.2%
99 Cents Only Stores	7.322%	01/13/2022	0.2%
WPX Energy, Inc.	5.250%	09/15/2024	0.2%
Frontier Communications Corp.	6.875%	01/15/2025	0.2%
HCA, Inc.	5.250%	04/15/2025	0.2%
Calfrac Holdings L.P.	8.500%	06/15/2026	0.2%
Boise Cascade Co.	5.625%	09/01/2024	0.2%
JBS USA LLC/JBS USA Finance, Inc.	6.750%	02/15/2028	0.2%
Match Group, Inc.	5.000%	12/15/2027	0.2%
CSI Compressco LP / CSI Compressco Finance Inc	7.500%	04/01/2025	0.2%
The Royal Bank of Scotland Group PLC	5.125%	05/28/2024	0.2%
Barminco Finance Pty Ltd.	6.625%	05/15/2022	0.2%
Chaparral Energy, Inc.	8.750%	07/15/2023	0.2%
China Evergrande Group	8.750%	06/28/2025	0.2%
HCA, Inc.	7.500%	12/15/2023	0.2%
Belo Corp.	7.250%	09/15/2027	0.2%
Rumo Luxembourg Sarl	7.375%	02/09/2024	0.2%
SPCM S.A.	4.875%	09/15/2025	0.2%
Jurassic Holdings III, Inc.	6.875%	02/15/2021	0.2%
Mueller Water Products, Inc.	5.500%	06/15/2026	0.2%
Sandy Creek Energy Associates	6.334%	11/09/2020	0.2%
Compass Minerals International, Inc.	4.875%	07/15/2024	0.2%
Williams Scotsman International Inc	7.875%	12/15/2022	0.2%
Wind Tre SpA	5.000%	01/20/2026	0.2%
Shea Homes LP / Shea Homes Funding Corp.	6.125%	04/01/2025	0.2%
Provincia de Rio Negro	7.750%	12/07/2025	0.2%
Listrindo Capital BV	4.950%	09/14/2026	0.2%
Jagged Peak Energy LLC	5.875%	05/01/2026	0.2%
Gray Television, Inc.	5.875%	07/15/2026	0.2%
AES Red Oak LLC	9.200%	11/30/2029	0.2%
Wendy's International, Inc.	7.000%	12/15/2025	0.2%
Texas Capital Bank NA/Dallas TX	5.250%	01/31/2026	0.2%
Samsonite Finco Sarl	3.500%	05/15/2026	0.2%
Pactiv Corp.	7.950%	12/15/2025	0.2%
William Lyon Homes, Inc.	5.875%	01/31/2025	0.2%
Ingles Markets, Inc.	5.750%	06/15/2023	0.2%
MEG Energy Corp.	6.500%	01/15/2025	0.2%
Intelsat Jackson Hldg	6.625%	01/02/2024	0.2%
Enterprise Development Authority/The	12.000%	07/15/2024	0.2%
Wabash National Corp.	5.500%	10/01/2025	0.2%
CIT Group, Inc.	6.125%	03/09/2028	0.2%
Hunt Oil Co of Peru LLC Sucursal Del Peru	6.375%	06/01/2028	0.2%
Ladder Capital Finance Holdings LLC/Ladder Capital	5.250%	10/01/2025	0.2%
WTT Investment Ltd/Hong Kong	5.500%	11/21/2022	0.2%
Stonegate Pub Company Financing PLC	4.875%	03/15/2022	0.2%
JB Poindexter & Co., Inc.	7.125%	04/15/2026	0.2%
Chart Industries, Inc.	1.000%	11/15/2024	0.2%
Ingevity Corp.	0.000%	-	0.2%
Allison Transmission, Inc.	5.000%	10/01/2024	0.2%
Chemours Co.	5.375%	05/15/2027	0.2%
Aston Martin Capital Holdings Ltd	6.500%	04/15/2022	0.2%
Cloud Crane LLC	10.125%	08/01/2024	0.2%
H&E Equipment Services, Inc.	5.625%	09/01/2025	0.2%
Cheniere Energy Partners LP	5.250%	10/01/2025	0.2%
VeriSign, Inc.	5.250%	04/01/2025	0.2%
Laureate Education, Inc.	8.250%	05/01/2025	0.2%
Fair Isaac Corp.	5.250%	05/15/2026	0.2%
Murphy Oil USA, Inc.	5.625%	05/01/2027	0.2%
WildHorse Resource Development Corp	6.875%	02/01/2025	0.2%
Apergy Corp	6.375%	05/01/2026	0.2%
Buena Vista Gaming Authority	13.000%	04/01/2023	0.2%
Jacobs Entertainment, Inc.	7.875%	02/01/2024	0.2%
Indika Energy Capital III Pte Ltd	5.875%	11/09/2024	0.2%
York Risk Services Holding Corp	8.500%	10/01/2022	0.2%
Versum Materials, Inc.	5.500%	09/30/2024	0.2%
Bristow Group, Inc.	8.750%	03/01/2023	0.2%
Meredith Corp.	6.875%	02/01/2026	0.2%
Matterhorn Merger Sub LLC / Matterhorn Finance Sub	8.500%	06/01/2026	0.2%
Rumo Luxembourg Sarl	5.875%	01/18/2025	0.2%
Pisces Midco Inc	8.000%	04/15/2026	0.1%
ADT Corp.	4.875%	07/15/2032	0.1%
Tenet Healthcare Corp.	7.000%	08/01/2025	0.1%
Getty Images, Inc.	5.572%	10/18/2019	0.1%
Mattel, Inc.	6.750%	12/31/2025	0.1%
Kernel Holding SA	8.750%	01/31/2022	0.1%
Century Communities, Inc.	5.875%	07/15/2025	0.1%
Neiman Marcus Group Inc., The	5.336%	10/25/2020	0.1%
New Home Co, Inc./The	7.250%	04/01/2022	0.1%
Vistra Energy Corp	7.625%	11/01/2024	0.1%
Ferroglobe PLC / Globe Specialty Metals Inc	9.375%	03/01/2022	0.1%
ESH Hospitality, Inc.	5.250%	05/01/2025	0.1%
Geo Group, Inc.	6.000%	04/15/2026	0.1%
Everi Payments Inc	7.500%	12/15/2025	0.1%
Hilcorp Energy L.P. / Hilcorp Finance Co.	5.000%	12/01/2024	0.1%
Community Health Systems, Inc.	5.125%	08/01/2021	0.1%
Salem Communications Corp.	6.750%	06/01/2024	0.1%
Southern Star Central Corp.	5.125%	07/15/2022	0.1%
BCD Acquisition, Inc.	9.625%	09/15/2023	0.1%
Rockpoint Gas Storage Canada Ltd	7.000%	03/31/2023	0.1%
Rayonier AM Products, Inc.	5.500%	06/01/2024	0.1%
Inter Media and Communication SpA	4.875%	12/31/2022	0.1%
Scientific Games International, Inc.	3.375%	02/15/2026	0.1%
Mohegan Tribal Gaming Authority	7.875%	10/15/2024	0.1%
Surgery Center Holdings, Inc.	6.750%	07/01/2025	0.1%
Hulk Finance Corp	7.000%	06/01/2026	0.1%
The Royal Bank of Scotland Group PLC	6.100%	06/10/2023	0.1%
Polaris Intermediate Corp	8.500%	12/01/2022	0.1%
TNT Crane and Rigging	6.834%	11/27/2020	0.1%
Energen Corp.	4.625%	09/01/2021	0.1%
MHP Lux SA	6.950%	04/03/2026	0.1%
SeaWorld Entertainment, Inc.	0.000%	-	0.1%
Marble II Pte Ltd.	5.300%	06/20/2022	0.1%
Mercer International, Inc.	5.500%	01/15/2026	0.1%
Swordfish Merger Sub LLC	8.850%	02/02/2026	0.1%
Acrisure LLC / Acrisure Finance Inc	7.000%	11/15/2025	0.1%
Valeant Pharmaceuticals International, Inc.	5.500%	03/01/2023	0.1%
Shake Shack, Inc.	0.000%	-	0.1%
Central Garden & Pet Co.	5.125%	02/01/2028	0.1%
JSL Europe SA	7.750%	07/26/2024	0.1%
Gopher Sub, Inc.	9.084%	02/02/2026	0.1%
Gibson Brands, Inc.	8.875%	08/01/2019	0.1%
Deck Chassis Acquisition, Inc.	10.000%	06/15/2023	0.1%
TopBuild Corp.	5.625%	05/01/2026	0.1%
AK Steel Corp.	7.000%	03/15/2027	0.1%
Teleflex, Inc.	4.875%	06/01/2026	0.1%
Sanchez Energy Corp.	7.250%	02/15/2023	0.1%
CDW Corp.	5.500%	12/01/2024	0.1%
Novelis Corp.	5.875%	09/30/2026	0.1%
Carrizo Oil & Gas, Inc.	8.250%	07/15/2025	0.1%
NSG Holdings LLC / NSG Holdings, Inc.	7.750%	12/15/2025	0.1%
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell o	4.750%	06/01/2027	0.1%
Grupo Cementos de Chihuahua SAB de CV	5.250%	06/23/2024	0.1%
Netflix, Inc.	4.375%	11/15/2026	0.1%
Dutch Lion BV	11.250%	06/15/2020	0.1%
Mobile Mini, Inc.	5.875%	07/01/2024	0.1%
MasTec, Inc.	4.875%	03/15/2023	0.1%
Albertsons Cos Inc	6.085%	01/15/2024	0.1%
United Rentals, Inc.	5.500%	05/15/2027	0.1%
Alcoa Nederland Holding BV	6.125%	05/15/2028	0.1%
EW Scripps Co.	5.125%	05/15/2025	0.1%
Permian Resources LLC / AEPB Finance Corp.	13.000%	11/30/2020	0.1%
Eletson Holdings Inc / Eletson Finance US LLC / Ag	9.625%	01/15/2022	0.1%
Hawaiian Airlines Class B Pass Through Certificate	4.950%	01/15/2022	0.1%
Titan Acquisition Ltd / Titan Co-Borrower LLC	7.750%	04/15/2026	0.1%
Golden Entertainment Inc	9.070%	08/15/2025	0.1%
Flex Acquisition Co Inc	7.875%	07/15/2026	0.1%
Trident Merger Sub Inc	6.625%	11/01/2025	0.1%
Lamb Weston Holdings, Inc.	4.625%	11/01/2024	0.1%
WPX Energy, Inc.	5.750%	06/01/2026	0.1%
Hilcorp Energy L.P. / Hilcorp Finance Co.	5.750%	10/01/2025	0.1%
Kenan Advantage Group, Inc.	7.875%	07/31/2023	0.1%
Magnolia Oil & Gas Operating LLC / Magnolia Oil &	6.000%	08/01/2026	0.1%
North American Lifting Holdings, Inc. (aka TNT Crane & Rigging, Inc)	11.334%	11/26/2021	0.1%
Targa Resources Partners L.P.	4.250%	11/15/2023	0.1%
Hill-Rom Holdings, Inc.	5.750%	09/01/2023	0.1%
Antero Midstream Partners L.P. / Antero Midstream	5.375%	09/15/2024	0.1%
CMA CGM SA	5.250%	01/15/2025	0.1%
B&G Foods, Inc.	5.250%	04/01/2025	0.1%
Aegea Finance Sarl	5.750%	10/10/2024	0.1%
Pacific Rubiales Energy Corp.	9.700%	06/25/2023	0.1%
The Royal Bank of Scotland Group PLC	8.625%	08/15/2166	0.1%
Freedom Mortgage Corp	8.125%	11/15/2024	0.1%
Olin Corp.	5.125%	09/15/2027	0.1%
Elwood Energy LLC	8.159%	07/05/2026	0.1%
QuickSilver Inc.	8.350%	03/21/2024	0.1%
Hub International Ltd.	7.000%	05/01/2026	0.1%
CIBT Solutions, Inc.	9.210%	06/01/2025	0.1%
Frontier Communications Corp.	8.500%	04/01/2026	0.1%
DKT Finance ApS	9.375%	06/17/2023	0.1%
Energizer Gamma Acquisition Inc	6.375%	07/15/2026	0.1%
Pulte Group, Inc.	6.375%	05/15/2033	0.1%
Manitowoc Foodservice, Inc.	9.500%	02/15/2024	0.1%
Service Corp. International	4.625%	12/15/2027	0.1%
Werner FinCo LP / Werner FinCo Inc	8.750%	07/15/2025	0.1%
Keyw Holding Corp.	6.597%	05/03/2024	0.1%
Trex Co., Inc.	0.000%	-	0.1%
WeWork Cos Inc	7.875%	05/01/2025	0.1%
Acadia Healthcare Co., Inc.	5.625%	02/15/2023	0.1%
CNO Financial Group, Inc.	5.250%	05/30/2025	0.1%
UTEX Industries	6.077%	05/22/2021	0.1%
Steel Dynamics, Inc.	5.000%	12/15/2026	0.1%
Transocean Proteus Ltd.	6.250%	12/01/2024	0.1%
Merlin Entertainments PLC	5.750%	06/15/2026	0.1%
MHP S.A.	7.750%	05/10/2024	0.1%
24 Hour Fitness Worldwide, Inc.	8.000%	06/01/2022	0.1%
Province of Santa Fe	6.900%	11/01/2027	0.1%
Transocean Phoenix 2 Ltd.	7.750%	10/15/2024	0.1%
Numericable Group S.A.	8.125%	02/01/2027	0.1%
TerraForm Power Operating LLC	5.000%	01/31/2028	0.1%
Parsley Energy LLC	6.250%	06/01/2024	0.1%
Holly Energy Partners L.P. / Holly Energy Finance	6.000%	08/01/2024	0.1%
Novelis Corp.	6.250%	08/15/2024	0.1%
Sirius XM Radio, Inc.	6.000%	07/15/2024	0.1%
Darling Global Finance BV	3.625%	05/15/2026	0.1%
Brink's Co/The	4.625%	10/15/2027	0.1%
Pioneer Energy Services Corp.	6.125%	03/15/2022	0.1%
Panera Bread Company	4.125%	07/18/2022	0.1%
Cole Haan	6.080%	01/31/2020	0.1%
Tempo Acquisition LLC / Tempo Acquisition Finance	6.750%	06/01/2025	0.1%
Yum! Brands, Inc.	5.350%	11/01/2043	0.1%
Hilton Domestic Operating Co, Inc.	4.250%	09/01/2024	0.1%
SPX FLOW, Inc.	5.875%	08/15/2026	0.1%
Gateway Casinos & Entertainment Ltd	8.250%	03/01/2024	0.1%
Boston Beer Co., Inc.	0.000%	-	0.1%
Toll Brothers Finance Corp.	4.875%	03/15/2027	0.1%
TGP Holdings III LLC	10.834%	09/20/2025	0.1%
J Crew Group Inc.	5.573%	03/05/2021	0.1%
Extraction Oil & Gas Inc	7.375%	05/15/2024	0.1%
OSG Bulk Ships, Inc.	6.770%	08/05/2019	0.1%
TPC Group, Inc.	8.750%	12/15/2020	0.1%
SMG US MIDCO	9.077%	01/23/2026	0.1%
Denbury Resources, Inc.	9.000%	05/15/2021	0.1%
Powerteam Services LLC	9.584%	03/06/2026	0.1%
Murphy Oil Corp.	6.875%	08/15/2024	0.1%
EnerSys	5.000%	04/30/2023	0.1%
Coeur Mining, Inc.	5.875%	06/01/2024	0.1%
Central American Bottling Corp.	5.750%	01/31/2027	0.1%
Oxbow Carbon LLC	9.577%	12/18/2023	0.1%
Rackspace Hosting, Inc.	8.625%	11/15/2024	0.1%
Bill Barrett Corp.	7.000%	10/15/2022	0.1%
Ritchie Bros Auctioneers, Inc.	5.375%	01/15/2025	0.1%
Alliant Holdings Intermediate LLC	8.250%	08/01/2023	0.1%
Chobani LLC / Chobani Finance Corp Inc	7.500%	04/15/2025	0.1%
Dynagas LNG Partners L.P.	6.250%	10/30/2019	0.1%
Commercial Barge Line	11.092%	11/12/2020	0.1%
Kuehg Corp	10.584%	08/15/2025	0.1%
CenturyLink, Inc.	6.750%	12/01/2023	0.1%
Imperial Metals Corp.	7.000%	03/15/2019	0.1%
Monitronics International, Inc.	9.125%	04/01/2020	0.1%
Ensco plc	4.500%	10/01/2024	0.1%
AHP Health Partners Inc	9.750%	07/15/2026	0.1%
Hunt Cos Inc	6.250%	02/15/2026	0.1%
Yak Access LLC	12.078%	07/10/2026	0.1%
WildHorse Resource Development Corp	0.000%	-	0.1%
Navicure Inc	9.577%	10/31/2025	0.1%
Indigo Natural Resources LLC	6.875%	02/15/2026	0.1%
Delhi International Airport Pvt Ltd	6.125%	10/31/2026	0.1%
Baffinland Iron Mines Corp / Baffinland Iron Mines	8.750%	07/15/2026	0.1%
Taseko Mines Ltd.	8.750%	06/15/2022	0.1%
DPL, Inc.	7.250%	10/15/2021	0.1%
Eldorado Intl. Finance GmbH	8.625%	06/16/2021	0.1%
Valeant Pharmaceuticals International, Inc.	7.000%	03/15/2024	0.1%
Kratos Defense & Security Solutions Inc	6.500%	11/30/2025	0.1%
PF Chang's China Bistro, Inc.	10.250%	06/30/2020	0.1%
Lennar Corp.	4.500%	04/30/2024	0.1%
Boyd Gaming Corp.	6.000%	08/15/2026	0.1%
SM Energy Co.	6.750%	09/15/2026	0.1%
Lamar Media Corp.	5.750%	02/01/2026	0.1%
Golar LNG Partners L.P.	8.571%	05/18/2021	0.1%
W/S Packaging Holdings Inc	9.000%	04/15/2023	0.1%
Under Armour, Inc.	3.250%	06/15/2026	0.1%
Dell International LLC / EMC Corp	7.125%	06/15/2024	0.1%
Kraton Polymers LLC/Capital Corp.	5.250%	05/15/2026	0.1%
MGM Resorts International	4.625%	09/01/2026	0.1%
Viking Cruises Ltd.	5.875%	09/15/2027	0.1%
Great Lakes Dredge & Dock Corp.	8.000%	05/15/2022	0.1%
American Eagle Outfitters, Inc.	0.000%	-	0.1%
Guitar Center Escrow Issuer Inc	9.500%	10/15/2021	0.1%
CVR Partners LP / CVR Nitrogen Finance Corp	9.250%	06/15/2023	0.1%
Southwestern Energy Co.	7.500%	04/01/2026	0.1%
Bhn Merger Sub Inc.	9.188%	06/15/2026	0.1%
Trinidad Drilling Ltd.	6.625%	02/15/2025	0.1%
Intelsat SA	4.500%	06/15/2025	0.1%
AV Homes, Inc.	6.625%	05/15/2022	0.1%
AES Corp.	5.125%	09/01/2027	0.1%
Boyne USA Inc	7.250%	05/01/2025	0.1%
Southern Graphics Inc	9.577%	11/22/2023	0.1%
Spark Therapeutics, Inc.	0.000%	-	0.1%
VM Holding SA	5.375%	05/04/2027	0.1%
Pharmaceutical Product Development LLC	6.375%	08/01/2023	0.1%
Kirby Corp.	0.000%	-	0.1%
Titan International, Inc.	6.500%	11/30/2023	0.1%
Glaukos Corp.	0.000%	-	0.1%
InterXion Holding NV	4.750%	06/15/2025	0.1%
West Street Merger Sub Inc	6.375%	09/01/2025	0.1%
First Quantum Minerals Ltd.	7.250%	04/01/2023	0.1%
Macquarie Bank Ltd./London	6.125%	03/08/2167	0.1%
Delek Logistics Partners LP / Delek Logistics Fina	6.750%	05/15/2025	0.1%
Optimas OE Solutions Holding LLC / Optimas OE Solu	8.625%	06/01/2021	0.1%
Waste Pro USA Inc	5.500%	02/15/2026	0.1%
Eagle Intermediate Global Holding BV/Ruyi US Finan	7.500%	05/01/2025	0.1%
MGM Growth Properties Operating Partnership LP / M	5.625%	05/01/2024	0.1%
Balchem Corp.	0.000%	-	0.1%
IDEXX Laboratories, Inc.	0.000%	-	0.1%
Navistar International Corp.	6.625%	11/01/2025	0.1%
Sotheby's	4.875%	12/15/2025	0.1%
Summit Materials LLC	5.125%	06/01/2025	0.1%
Entegris, Inc.	4.625%	02/10/2026	0.1%
OCI NV	6.625%	04/15/2023	0.1%
OM Asset Management plc	4.800%	07/27/2026	0.1%
Solera Finance, Inc.	10.500%	03/01/2024	0.1%
Stars Group Holdings BV / Stars Group US Co-Borrow	7.000%	07/15/2026	0.1%
Tyler Technologies, Inc.	0.000%	-	0.1%
Live Nation Entertainment, Inc.	5.625%	03/15/2026	0.1%
Genoa Healthcare Hldgs LLC	10.077%	10/27/2024	0.1%
Banco Votorantim S.A.	8.250%	12/07/2167	0.1%
EP Energy LLC	8.000%	02/15/2025	0.1%
Star West Generation	6.930%	03/13/2020	0.1%
Navios South American Logistics Inc / Navios Logis	7.250%	05/01/2022	0.1%
GCP Applied Technologies, Inc.	5.500%	04/15/2026	0.1%
Badger Meter, Inc.	0.000%	-	0.1%
Avsc Holding Corp	9.592%	08/22/2025	0.1%
Centene Corp.	6.125%	02/15/2024	0.1%
Itron, Inc.	5.000%	01/15/2026	0.1%
Comfort Systems USA, Inc.	0.000%	-	0.1%
Promontoria Holding 264 BV	6.750%	08/15/2023	0.1%
First Quantum Minerals Ltd.	6.500%	03/01/2024	0.1%
PPL Energy Supply LLC	4.600%	12/15/2021	0.1%
Range Resources Corp.	4.875%	05/15/2025	0.1%
BMC East LLC	5.500%	10/01/2024	0.1%
Aerovironment, Inc.	0.000%	-	0.1%
Terraform Global Operating LLC	6.125%	03/01/2026	0.1%
VF Holding Corp	9.327%	07/02/2026	0.1%
Country Garden Holdings Co. Ltd.	4.750%	09/28/2023	0.1%
Provincia de la Rioja	9.750%	02/24/2025	0.1%
Wolverine World Wide, Inc.	5.000%	09/01/2026	0.1%
Charles River Laboratories International, Inc.	5.500%	04/01/2026	0.1%
Molina Healthcare, Inc.	1.125%	01/15/2020	0.1%
Edelman Financial Center	9.092%	07/20/2026	0.1%
Acuity Brands, Inc.	0.000%	-	0.1%
Pampa Energia SA	7.500%	01/24/2027	0.1%
Apex Tool Group LLC / BC Mountain Finance Inc	9.000%	02/15/2023	0.1%
Eclipse Resources Corp.	8.875%	07/15/2023	0.1%
Eaglepicher Tech LLC	9.327%	03/09/2026	0.1%
HollyFrontier Corp.	0.000%	-	0.1%
Blitz F18-674 GmbH	6.000%	07/30/2026	0.1%
Manitowoc Co., Inc.	12.750%	08/15/2021	0.1%
Cemig Geracao e Transmissao SA	9.250%	12/05/2024	0.1%
Altran Technologies	8.827%	06/26/2026	0.1%
Crosby Group (KKR)	5.081%	11/22/2020	0.1%
Nokia Corp.	4.375%	06/12/2027	0.1%
William Lyon Homes, Inc.	6.000%	09/01/2023	0.1%
CCO Holdings LLC / CCO Holdings Capital Corp.	5.125%	05/01/2027	0.1%
Buenos Aires, Argentina	7.500%	06/01/2027	0.1%
Energen Corp.	0.000%	-	0.1%
Klabin Finance S.A.	4.875%	09/19/2027	0.1%
Unit Corp.	6.625%	05/15/2021	0.1%
Ensco plc	5.200%	03/15/2025	0.1%
Netflix, Inc.	0.000%	-	0.1%
Colorado Buyer, Inc.	9.610%	05/01/2025	0.1%
Tennant Co.	5.625%	05/01/2025	0.1%
Chegg, Inc.	0.250%	05/15/2023	0.1%
Scientific Games International, Inc.	5.000%	10/15/2025	0.1%
RegionalCare Hospital Partners Holdings Inc	8.250%	05/01/2023	0.1%
Align Technology, Inc.	0.000%	-	0.1%
Hot Topic, Inc.	9.250%	06/15/2021	0.1%
Levi Strauss & Co.	3.375%	03/15/2027	0.1%
Hilton Grand Vacations Borrower LLC/Hilton Grand V	6.125%	12/01/2024	0.1%
Excelitas Technologies	9.967%	11/15/2025	0.1%
FPC Holdings Inc	11.077%	11/19/2022	0.1%
Rio Oil Finance Trust Series 2018-1	8.200%	04/06/2028	0.1%
Columbia Sportswear Co.	0.000%	-	0.1%
Ziggo BV	5.500%	01/15/2027	0.1%
Bombardier, Inc.	8.750%	12/01/2021	0.1%
Samarco Mineracao S.A.	4.125%	11/01/2022	0.1%
Informatica Corp.	7.125%	07/15/2023	0.1%
Prime Cut Merger Sub Inc	6.607%	03/21/2025	0.1%
FAGE International SA/ FAGE USA Dairy Industry Inc	5.625%	08/15/2026	0.1%
Mattel, Inc.	5.450%	11/01/2041	0.1%
Simmons Foods, Inc.	5.750%	11/01/2024	0.1%
SVB Financial Group	0.000%	-	0.1%
RingCentral, Inc.	0.000%	-	0.1%
Bruin E&P Partners LLC	8.875%	08/01/2023	0.1%
Station Casinos LLC	5.000%	10/01/2025	0.1%
Flynn Restaurant Group	9.092%	06/29/2026	0.1%
Frontera Generation Hold	6.342%	05/02/2025	0.1%
DexCom, Inc.	0.750%	05/15/2022	0.1%
Longview Power	7.000%	03/25/2021	0.1%
Caesars Resort Collection LLC / CRC Finco Inc	5.250%	10/15/2025	0.1%
PVH Corp.	3.125%	12/15/2027	0.1%
Hadrian Merger Sub Inc	8.500%	05/01/2026	0.1%
Eterna Capital Pte Ltd	8.000%	12/11/2022	0.1%
BBA US Holdings Inc	5.375%	05/01/2026	0.1%
Penumbra, Inc.	0.000%	-	0.1%
Performance Food Group, Inc.	5.500%	06/01/2024	0.1%
MEG Energy Corp.	0.000%	-	0.1%
Forterra, Inc.	5.077%	10/25/2023	0.1%
Six Flags Entertainment Corp.	4.875%	07/31/2024	0.1%
GLP Capital L.P. / GLP Financing II, Inc.	5.750%	06/01/2028	0.1%
Grand Canyon Education, Inc.	0.000%	-	0.1%
Turkiye Vakiflar Bankasi Tao	5.750%	01/30/2023	0.1%
Wynn Macau Ltd.	5.500%	10/01/2027	0.1%
Greenbrier Cos., Inc.	2.875%	02/01/2024	0.1%
UFC Holdings LLC	9.577%	08/03/2024	0.1%
Arcos Dorados Holdings, Inc.	5.875%	04/04/2027	0.1%
Babcock & Wilcox Co.	5.375%	07/15/2026	0.1%
Jeld-Wen Inc	4.625%	12/15/2025	0.1%
Canopy Growth Corp	4.250%	07/15/2023	0.1%
JBS USA LLC/JBS USA Finance, Inc.	5.875%	07/15/2024	0.1%
Sugarhouse HSP Gaming Prop Mezz LP/Fin Corp.	5.875%	05/15/2025	0.1%
FibroGen Inc	0.000%	-	0.1%
Malibu Boats, Inc.	0.000%	-	0.1%
Dole Food Co., Inc.	7.250%	06/15/2025	0.1%
Pelican Products Inc	9.842%	05/01/2026	0.1%
Provincia de Mendoza Argentina	8.375%	05/19/2024	0.1%
Fevertree Drinks PLC	0.000%	-	0.1%
Gol Finance, Inc.	7.000%	01/31/2025	0.1%
ASP AMC Merger Sub, Inc.	8.000%	05/15/2025	0.1%
Alliance One International Inc	9.875%	07/15/2021	0.1%
DocuSign Inc	0.000%	-	0.1%
TCF Financial Corp.	0.000%	-	0.1%
JD Power & Associates	9.500%	06/09/2024	0.1%
Canada Goose Holdings Inc	0.000%	-	0.1%
GrubHub, Inc.	0.000%	-	0.1%
MPH Acquisition Holdings LLC	7.125%	06/01/2024	0.1%
Southeast PowerGen	5.580%	12/02/2021	0.1%
Provident Funding Associates L.P. / PFG Finance Co	6.375%	06/15/2025	0.1%
Amazon.com, Inc.	0.000%	-	0.1%
PNK Entertainment, Inc.	0.000%	-	0.1%
Speedway Motorsports, Inc.	5.125%	02/01/2023	0.1%
Aspen Technology, Inc.	0.000%	-	0.1%
Etsy, Inc.	0.000%	03/01/2023	0.1%
Q2 Holdings, Inc.	0.750%	02/15/2023	0.1%
Proto Labs, Inc.	0.000%	-	0.1%
Rio Energy SA / UGEN SA / UENSA SA	6.875%	02/01/2025	0.1%
Prime Security Services Borrower LLC / Prime Finan	9.250%	05/15/2023	0.1%
Hill-Rom Holdings, Inc.	5.000%	02/15/2025	0.1%
Newfield Exploration Co.	5.750%	01/30/2022	0.1%
Ashton Woods USA LLC / Ashton Woods Finance Co.	6.750%	08/01/2025	0.1%
Mason Finance Sub Inc	6.875%	08/15/2023	0.1%
nLight Inc	0.000%	-	0.1%
WMG Acquisition Corp.	5.000%	08/01/2023	0.1%
NextEra Energy Operating Partners LP	4.500%	09/15/2027	0.1%
Agios Pharmaceuticals, Inc.	0.000%	-	0.1%
Square, Inc.	0.375%	03/01/2022	0.1%
World Wrestling Entertainment Inc	3.375%	12/15/2023	0.1%
KeHE Distributors LLC / KeHE Finance Corp.	7.625%	08/15/2021	0.1%
SPX FLOW, Inc.	5.625%	08/15/2024	0.1%
HudBay Minerals, Inc.	7.625%	01/15/2025	0.1%
Garda World Security Corp	8.750%	05/15/2025	0.1%
SM Energy Co.	5.625%	06/01/2025	0.1%
Halcon Resources Corp.	6.750%	02/15/2025	0.1%
Wyndham Worldwide Corp.	5.100%	10/01/2025	0.1%
Claire's Stores, Inc.	9.000%	03/15/2019	0.1%
Banco de Galicia y Buenos Aires	8.250%	07/19/2026	0.1%
Commercial Metals Co.	5.375%	07/15/2027	0.1%
Eldorado Resorts, Inc.	6.000%	04/01/2025	0.1%
Plains All American Pipeline L.P.	6.125%	12/31/2099	0.1%
Cheniere Corpus Christi Holdings LLC	7.000%	06/30/2024	0.1%
MRP Generation Holdings LLC	9.359%	10/18/2022	0.1%
LBC Tank Terminals Holding Netherlands BV	6.875%	05/15/2023	0.1%
Freedom Mortgage Corp	8.250%	04/15/2025	0.1%
Pola Orbis Holdings Inc	0.000%	-	0.1%
Frontier Communications Corp.	11.000%	09/15/2025	0.1%
Silgan Holdings, Inc.	4.750%	03/15/2025	0.1%
Grinding Media, Inc. / MC Grinding Media Canada, I	7.375%	12/15/2023	0.1%
Valvoline, Inc.	5.500%	07/15/2024	0.1%
Koppers, Inc.	6.000%	02/15/2025	0.1%
MDC Holdings, Inc.	6.000%	01/15/2043	0.1%
Fresh Market, Inc.	9.750%	05/01/2023	0.1%
Frontier Communications Corp.	7.625%	04/15/2024	0.1%
Joseph T Ryerson & Son, Inc.	11.000%	05/15/2022	0.1%
Builders FirstSource, Inc.	5.625%	09/01/2024	0.1%
Rexnord Holdings, Inc.	0.000%	11/15/2019	0.1%
DIRECT CHASSISLINK INC	8.077%	06/15/2023	0.1%
Southwestern Energy Co.	7.750%	10/01/2027	0.1%
American Axle & Manufacturing, Inc.	6.250%	04/01/2025	0.1%
Enova International, Inc.	9.750%	06/01/2021	0.1%
JMC Steel Group	9.875%	06/15/2023	0.1%
Greystar Real Estate Partners LLC	5.750%	12/01/2025	0.1%
Keane Group Holdings LLC	5.875%	05/19/2025	0.1%
Allegheny Technologies, Inc.	7.875%	08/15/2023	0.1%
GMR Hyderabad International Airport Ltd	4.250%	10/27/2027	0.1%
Griffon Corp.	5.250%	03/01/2022	0.1%
Toll Brothers Finance Corp.	4.350%	02/15/2028	0.1%
Steel Dynamics, Inc.	4.125%	09/15/2025	0.1%
Carlson Travel, Inc.	6.750%	12/15/2023	0.1%
Endeavor Energy Resources L.P.	5.500%	01/30/2026	0.1%
American Woodmark Corp.	4.875%	03/15/2026	0.1%
Targa Resources Partners L.P.	5.875%	04/15/2026	0.1%
Ensco plc	7.750%	02/01/2026	0.1%
Denbury Resources, Inc.	4.625%	07/15/2023	0.1%
Chassix Inc	7.938%	11/10/2023	0.1%
Gibson Brands, Inc	11.773%	05/01/2019	0.1%
Mexichem SAB de CV	5.875%	09/17/2044	0.1%
Medplast Holdings Inc	10.087%	06/22/2026	0.1%
Air Canada 2015-2 Class B Pass Through Trust	5.000%	12/15/2023	0.1%
Panda Power Funds	8.084%	12/19/2020	0.1%
AMC Networks, Inc.	5.000%	04/01/2024	0.1%
Moxie Patriot LLC	8.084%	12/19/2020	0.1%
Rockies Express Pipeline LLC	5.625%	04/15/2020	0.1%
ServiceMaster Co LLC/The	5.125%	11/15/2024	0.1%
UTEX Industries	9.327%	05/22/2022	0.1%
Doncasters US Finance LLC (Doncasters US LLC)	5.834%	04/09/2020	0.1%
Precision Drilling Corp.	7.750%	12/15/2023	0.1%
HCA, Inc.	5.875%	03/15/2022	0.1%
High Ridge Brands Co.	8.875%	03/15/2025	0.1%
Rowan Companies, Inc.	7.375%	06/15/2025	0.1%
GLP Capital L.P. / GLP Financing II, Inc.	5.375%	04/15/2026	0.1%
UC Holdings	0.000%	-	0.1%
Navient Corp.	6.625%	07/26/2021	0.1%
Navient Corp.	5.875%	03/25/2021	0.1%
IFM US Colonial Pipeline 2 LLC	6.450%	05/01/2021	0.1%
Valeant Pharmaceuticals International, Inc.	6.500%	03/15/2022	0.1%
Men's Wearhouse, Inc.	7.000%	07/01/2022	0.1%
Lennox International, Inc.	0.000%	-	0.1%
CIT Group, Inc.	5.250%	03/07/2025	0.1%
Wyndham Worldwide Corp.	4.500%	04/01/2027	0.1%
PDC Energy, Inc.	6.125%	09/15/2024	0.1%
Altice Luxembourg SA	7.625%	02/15/2025	0.1%
Oceaneering International, Inc.	6.000%	02/01/2028	0.1%
HCA, Inc.	7.690%	06/15/2025	0.1%
Transocean Pontus Ltd	6.125%	08/01/2025	0.1%
NRG Yield Operating LLC	5.000%	09/15/2026	0.1%
Six Flags Entertainment Corp.	5.500%	04/15/2027	0.1%
Gulfport Energy Corp.	6.375%	01/15/2026	0.1%
inVentiv Group Holdings/inVentiv Health Inc/inVent	7.500%	10/01/2024	0.1%
Teleflex, Inc.	4.625%	11/15/2027	0.1%
Chaparral Energy, Inc.	0.000%	-	0.1%
Simmons Foods, Inc.	7.750%	01/15/2024	0.1%
Gulfport Energy Corp.	6.375%	05/15/2025	0.1%
j2 Cloud Services LLC / j2 Global Co-Obligor Inc	6.000%	07/15/2025	0.1%
HCA, Inc.	5.375%	02/01/2025	0.1%
Panda Temple Power, LLC	9.800%	02/07/2023	0.1%
Bill Barrett Corp.	8.750%	06/15/2025	0.1%
West Corp.	8.500%	10/15/2025	0.1%
Banco Mercantil del Norte SA/Grand Cayman	7.625%	07/06/2167	0.1%
Lennar Corp.	4.750%	05/30/2025	0.1%
HCA, Inc.	5.875%	02/15/2026	0.0%
California Resources Crp	6.831%	11/17/2022	0.0%
CSI Compressco LP / CSI Compressco Finance Inc	7.250%	08/15/2022	0.0%
Manchester United Plc	0.000%	-	0.0%
Gulfport Energy Corp.	6.000%	10/15/2024	0.0%
Dominican Republic International Bond	8.900%	02/15/2023	0.0%
BakerCorp International, Inc.	8.250%	06/01/2019	0.0%
MSCI, Inc.	5.375%	05/15/2027	0.0%
Oceaneering International, Inc.	4.650%	11/15/2024	0.0%
Shimao Property Holdings Ltd.	5.200%	01/30/2025	0.0%
CURO Financial Technologies Corp	12.000%	03/01/2022	0.0%
Univision Communications, Inc.	5.125%	02/15/2025	0.0%
CIT Group, Inc.	6.000%	04/01/2036	0.0%
Gray Television, Inc.	5.125%	10/15/2024	0.0%
NRG Yield Operating LLC	5.375%	08/15/2024	0.0%
Mexichem SAB de CV	5.500%	01/15/2048	0.0%
Acadia Healthcare Co., Inc.	6.500%	03/01/2024	0.0%
HealthEquity, Inc.	0.000%	-	0.0%
CF Industries, Inc.	4.950%	06/01/2043	0.0%
Remington Outdoor Co. Inc.	0.000%	-	0.0%
Peak 10 Holding Corp	9.608%	08/01/2025	0.0%
Templar Energy LLC	0.000%	-	0.0%
Chaparral Energy, Inc.	0.000%	-	0.0%
Universal Health Services, Inc.	5.000%	06/01/2026	0.0%
Ensco plc	5.750%	10/01/2044	0.0%
Netflix, Inc.	4.875%	04/15/2028	0.0%
FX USD/EUR 08/18	0.000%	08/16/2018	0.0%
Genesee & Wyoming, Inc.	0.000%	-	0.0%
Sage Therapeutics, Inc.	0.000%	-	0.0%
FGI Operating Company, LLC	0.000%	05/15/2022	0.0%
Credit Index Swap	5.000%	06/20/2023	0.0%
Zebra Technologies Corp.	0.000%	-	0.0%
Energy Transfer Partners LP	6.250%	12/31/2099	0.0%
FX USD/EUR 08/18	0.000%	08/16/2018	0.0%
FX USD/EUR 08/18	0.000%	08/16/2018	0.0%
FX USD/EUR 08/18	0.000%	08/16/2018	0.0%
Credit Default Swap	1.000%	06/20/2023	0.0%
FX USD/EUR 08/18	0.000%	08/16/2018	0.0%
FX USD/EUR 08/18	0.000%	08/16/2018	0.0%
FX USD/EUR 08/18	0.000%	08/16/2018	0.0%
FX USD/EUR 08/18	0.000%	08/16/2018	0.0%
AMC Networks, Inc.	0.000%	-	0.0%
FX USD/EUR 08/18	0.000%	08/16/2018	0.0%
FX USD/EUR 08/18	0.000%	08/16/2018	0.0%
Tonon Luxembourg S.A.	10.500%	05/14/2024	0.0%
Templar Energy LLC	0.000%	-	0.0%
FX USD/EUR 08/18	0.000%	08/16/2018	0.0%
FX USD/EUR 08/18	0.000%	08/16/2018	0.0%
HudBay Minerals, Inc.	7.250%	01/15/2023	0.0%
Fairway Group Acquisition Company	9.000%	01/03/2020	0.0%
FX USD/EUR 08/18	0.000%	08/16/2018	0.0%
Fairway Group Acquisition Company	10.000%	10/03/2021	0.0%
FX USD/EUR 08/18	0.000%	08/16/2018	0.0%
FX USD/EUR 08/18	0.000%	08/16/2018	0.0%
FX USD/EUR 08/18	0.000%	08/16/2018	0.0%
Morgan Stanley Capital I Trust	5.510%	07/15/2056	0.0%
FX USD/GBP 10/18	0.000%	10/19/2018	0.0%
FX USD/EUR 08/18	0.000%	08/16/2018	0.0%
FX USD/EUR 08/18	0.000%	08/16/2018	0.0%
FX USD/EUR 08/18	0.000%	08/16/2018	0.0%
FX USD/EUR 09/18	0.000%	09/24/2018	0.0%
FX USD/EUR 08/18	0.000%	08/16/2018	0.0%
FX USD/EUR 08/18	0.000%	08/16/2018	0.0%
FX USD/EUR 08/18	0.000%	08/16/2018	0.0%
FX USD/EUR 08/18	0.000%	08/16/2018	0.0%
FX USD/EUR 08/18	0.000%	08/16/2018	0.0%
FX USD/EUR 09/18	0.000%	09/24/2018	0.0%
FX USD/EUR 09/18	0.000%	09/24/2018	0.0%
FX USD/EUR 08/18	0.000%	08/16/2018	0.0%
FX USD/EUR 08/18	0.000%	08/16/2018	0.0%
FX USD/EUR 08/18	0.000%	08/16/2018	0.0%
Rack Holdings	9.329%	10/03/2022	0.0%
FX USD/JPY 10/18	0.000%	10/26/2018	0.0%
Penson Technologies LLC	0.000%	-	0.0%
Afren plc	6.625%	12/09/2020	0.0%
Afren plc	11.500%	02/01/2016	0.0%
FX USD/EUR 08/18	0.000%	08/16/2018	0.0%
FX EUR/USD 08/18	0.000%	08/16/2018	0.0%
FX USD/EUR 09/18	0.000%	09/24/2018	0.0%
FX USD/EUR 08/18	0.000%	08/16/2018	0.0%
FX USD/EUR 09/18	0.000%	09/24/2018	0.0%
Afren plc	10.250%	04/08/2019	0.0%
FX USD/EUR 08/18	0.000%	08/16/2018	0.0%
FX USD/EUR 08/18	0.000%	08/16/2018	0.0%
FX USD/EUR 08/18	0.000%	08/16/2018	0.0%
FX USD/EUR 08/18	0.000%	08/16/2018	0.0%
FX CAD/USD 09/18	0.000%	09/18/2018	0.0%
FX USD/EUR 09/18	0.000%	09/24/2018	0.0%
FX USD/EUR 09/18	0.000%	09/24/2018	0.0%
FX USD/EUR 09/18	0.000%	09/24/2018	0.0%
FX USD/EUR 09/18	0.000%	09/24/2018	0.0%
FX USD/EUR 09/18	0.000%	09/24/2018	0.0%
FX USD/EUR 08/18	0.000%	08/16/2018	0.0%
FX USD/EUR 09/18	0.000%	09/24/2018	0.0%
FX EUR/USD 08/18	0.000%	08/16/2018	0.0%
US LONG BOND(CBT) SEP18	0.000%	09/28/2018	0.0%
US 10YR NOTE (CBT)SEP18	0.000%	09/28/2018	0.0%
US 5YR NOTE (CBT) SEP18	0.000%	10/03/2018	0.0%
US ULTRA BOND CBT SEP18	0.000%	09/28/2018	0.0%
Washington Mutual, Inc.	6.875%	06/15/2011	0.0%
General Motors Co.	7.200%	01/15/2049	0.0%
Peabody Energy Corp.	10.000%	03/15/2022	0.0%
Momentive Performance Escrow	0.000%	12/31/2049	0.0%
Mirabela Nickel Ltd.	1.000%	09/16/2044	0.0%
Wand Merger Corp	0.000%	04/27/2019	0.0%
Remington Outdoor Co. Inc.	0.000%	-	0.0%
Fairway Group Acquisition Company	0.000%	-	0.0%
EURO-BOBL FUT Sep18	0.000%	09/10/2018	0.0%
Wand Merger Corp	0.000%	04/27/2019	0.0%
EURO-BUND FUTURE Sep18	0.000%	09/10/2018	0.0%
Energizer Holdings Inc	0.000%	05/18/2019	0.0%
Wand Merger Corp	0.000%	04/27/2019	0.0%
US 2YR NOTE (CBT) SEP18	0.000%	10/03/2018	0.0%
FX EUR/USD 08/18	0.000%	08/16/2018	0.0%
FX USD/EUR 09/18	0.000%	09/24/2018	0.0%
FX USD/EUR 09/18	0.000%	09/24/2018	0.0%
Credit Default Swap	1.000%	06/20/2020	0.0%
Credit Default Swap	1.000%	06/20/2023	0.0%
Credit Default Swap	1.000%	06/20/2020	0.0%
FX USD/EUR 09/18	0.000%	09/24/2018	0.0%
FX EUR/USD 08/18	0.000%	08/16/2018	0.0%
FX EUR/USD 08/18	0.000%	08/16/2018	0.0%
Credit Default Swap	1.000%	06/20/2023	0.0%
FX USD/CAD 09/18	0.000%	09/18/2018	0.0%
Credit Default Swap	1.000%	06/20/2023	0.0%
Credit Default Swap	1.000%	06/20/2023	0.0%
Credit Default Swap	1.000%	06/20/2023	0.0%
Credit Default Swap	1.000%	06/20/2023	0.0%
Credit Default Swap	1.000%	06/20/2023	0.0%
J.P.Morgan Securities LLC	0.010%	-	0.0%
Credit Index Swap	5.000%	06/20/2023	0.0%

Sector Allocationas of 08/31/2018

Sector	Weighting	Fund Change from Previous Quarter

Sector	Weighting	Fund Change from Previous Quarter
Basic Industry		0.2%
Insurance		0.3%
Banking		0.9%
Real Estate		0.0%
Capital Goods		0.2%
Technology & Electronics		1.1%
Automotive		0.4%
Financial Services		0.1%
Energy		0.1%
Media		0.2%
Telecommunications		0.1%
Services		0.3%
Retail		0.4%
Leisure		0.3%
Consumer Goods		0.1%
Transportation		0.1%
Other		0.0%
Utility		0.5%
Healthcare		1.2%

Dividends & Cap Gains

Dividend Payments

For

YTD Dividends Paidas of 09/21/2018: $0.254
Dividend Frequency: Monthly (Daily Accrual)

Record Date	Ex-Dividend Date	Reinvest & Payable Date	Dividend	Reinvest Price
Daily	Daily	08/31/2018	$0.03253	$7.44
Daily	Daily	07/31/2018	$0.03142	$7.39
Daily	Daily	06/30/2018	$0.03135	$7.36
Daily	Daily	05/31/2018	$0.03169	$7.39
Daily	Daily	04/30/2018	$0.03147	$7.44
Daily	Daily	03/31/2018	$0.03235	$7.47
Daily	Daily	02/28/2018	$0.03178	$7.55
Daily	Daily	01/31/2018	$0.03173	$7.67

Upcoming Dividend Payment Dates

Record Date	Ex-Dividend Date	Reinvest & Payable Date
Daily	Daily	09/30/2018
Daily	Daily	10/31/2018
Daily	Daily	11/30/2018
Daily	Daily	12/31/2018

Capital Gains Distributions

For

Record Date	Reinvest & Payable Date	Long-term	Short-term *	Total	Reinvest Price
12/18/2014	12/19/2014	$0.0899	$0.0792	$0.1691	$7.40

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
12/17/2018	12/18/2018

Fees & Expenses

Expense Ratioas of 08/31/2018

1.56%

Fund Documents

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	Summary Prospectus Publish Date:11/03/2015
n/a	Statutory Prospectus Publish Date:11/03/2015
n/a	Prospectus (XBRL) Publish Date:11/03/2015
	SAI Publish Date:11/03/2015
	Annual Report Publish Date:11/03/2015
	Semi-Annual Report Publish Date:11/03/2015
	Fact Sheet Publish Date:11/03/2015
	Commentary Publish Date:11/03/2015
	Flyer Publish Date:11/03/2015
	Flyer Publish Date:11/03/2015
	Capital Markets Presentation Publish Date:11/03/2015

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Minimum initial investment varies depending on the class of shares you buy and the type of account. IRAs, SIMPLEs, and SEP accounts with payroll deductions have no minimums. Please see Fund prospectuses for additional information.

Dividend Yield is a financial ratio that shows how much a mutual fund pays out in dividends each year relative to value with maximum sales charges and without sales charges. The dividend yield is calculated by annualizing the last dividend and dividing it by the fund’s net asset value with maximum sales charges and without sales charges.

The 30-Day Standardized Yield represents net investment income earned by a fund over a 30-day period. It is expressed as an annual percentage rate using a method of calculation adopted by the Securities and Exchange Commission (SEC). Yields for other share classes will vary.

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 Fund invests primarily in high-yield, lower-rated securities, sometimes called junk bonds. These securities carry increased risks of price volatility, illiquidity, and the possibility of default in the timely payment of interest and principal. 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. These factors can 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 C - Class C shares are subject to ongoing 12b-1 service and distribution fees as well as a maximum CDSC of 1 percent if you redeem your shares before the first anniversary of your original purchase.

Class C shares are only offered to certain eligible investors. For additional information, see the Fund’s current prospectus.

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

Source: ICE Data Indices, LLC.

Source ICE Data Indices, LLC (“ICE”), used with permission. ICE PERMITS USE OF THE ICE BofAML INDICES AND RELATED DATA ON AN "AS IS" BASIS, MAKES NO WARRANTIES REGARDING SAME, DOES NOT GUARANTEE THE SUITABILITY, QUALITY, ACCURACY, TIMELINESS, AND/OR COMPLETENESS OF THE ICE BofAML INDICES OR ANY DATA INCLUDED IN, RELATED TO, OR DERIVED THEREFROM, ASSUMES NO LIABILITY IN CONNECTION WITH THE USE OF THE FOREGOING, AND DOES NOT SPONSOR, ENDORSE, OR RECOMMEND LORD ABBETT, OR ANY OF ITS PRODUCTS OR SERVICES.

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.

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Summary

Summary

What is the High Yield Fund?

The Fund seeks to deliver current income and the opportunity for capital appreciation by investing primarily in high yield corporate bonds.

A HERITAGE OF HIGH YIELD

AN OPPORTUNISTIC APPROACH

STRONG TRACK RECORD

Yield

Dividend Yield 1 as of 09/21/2018

30-Day Standardized Yield 2 as of 08/31/2018

Fund Basicsas of 08/31/2018

Fund Expense Ratio :

1.56%

Fund Expense Ratio :

1.56%

Fund Expense Ratio :

1.56%

Fund Expense Ratio :

1.56%

RELATED CONTENT

Credit Quality Distribution as of 08/31/2018 View Portfolio

Investment Team

Contact a Representative

Performance

Performance

Dividend Yield 1 as of 09/21/2018

30-Day Standardized Yield 2 as of 08/31/2018

Fund Expense Ratio :

1.56%

Fund Expense Ratio :

1.56%

Fund Expense Ratio :

1.56%

Fund Expense Ratio :

1.56%

NAV Historical Prices

Portfolio

Portfolio

Credit Quality Distribution as of 08/31/2018

Portfolio Positioning as of 6/30/2018

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

Dividend Yield ¹ as of 09/21/2018

30-Day Standardized Yield ² as of 08/31/2018

Dividend Yield ¹ as of 09/21/2018

30-Day Standardized Yield ² as of 08/31/2018