High Yield Fund

LHYRX

Track this Fund

Add to Hypo Tool

Daily price w/o sales charge as of 04/21/2021

$7.53

$0.01

YTD Returns w/o sales charge as of 04/21/2021

2.33%

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

Click here to view all legal text including risk information

Summary

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 04/21/2021

w/o sales charge

4.38%

30-Day Standardized Yield ² as of 03/31/2021

3.36%

Fund Basicsas of 03/31/2021

Total Net Assets: $8.56 B
Inception Date: 09/28/2007
Dividend Frequency: Monthly
Fund Expense Ratio: 1.20%
Number of Holdings: 765

Fund Expense Ratio :

1.20%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 09/28/2007

w/o sales charge	1.65%	27.21%	5.14%	7.09%	6.17%	6.86%
Lipper Category Avg. High Yield Funds	1.11%	22.34%	5.82%	6.86%	5.37%	-
ICE BofA U.S. High Yield Constrained Index	0.91%	23.22%	6.50%	7.92%	6.30%	7.18%

Fund Expense Ratio :

1.20%

Fund Expense Ratio :

1.20%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 09/28/2007

w/o sales charge	1.65%	27.21%	5.14%	7.09%	6.17%	6.86%
Lipper Category Avg. High Yield Funds	1.11%	22.34%	5.82%	6.86%	5.37%	-
ICE BofA U.S. High Yield Constrained Index	0.91%	23.22%	6.50%	7.92%	6.30%	7.18%

Fund Expense Ratio :

1.20%

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 for future results.

Credit Quality Distribution as of 03/31/2021 View Portfolio

Rating	Assets
A
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 & Co-Head of Taxable Fixed Income

19 Years of Industry Experience

Robert A. Lee

Partner & Co-Head of Taxable Fixed Income

29 Years of Industry Experience

Christopher Gizzo, CFA

Managing Director, Portfolio Manager

12 Years of Industry Experience

Karen J. Gunnerson

Associate Portfolio Manager

8 Years of Industry Experience

Supported By 64 Investment Professionals with 16 Years Avg. Industry Experience

Contact a Representative

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

Performance

Dividend Yield ¹ as of 04/21/2021

w/o sales charge

4.38%

30-Day Standardized Yield ² as of 03/31/2021

	Subsidized³	Un-Subsidized⁴
w/o sales charge	3.36%	3.36%

Fund Expense Ratio :

1.20%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 09/28/2007

w/o sales charge	1.65%	27.21%	5.14%	7.09%	6.17%	6.86%
Lipper Category Avg. High Yield Funds	1.11%	22.34%	5.82%	6.86%	5.37%	-
ICE BofA U.S. High Yield Constrained Index	0.91%	23.22%	6.50%	7.92%	6.30%	7.18%

Fund Expense Ratio :

1.20%

Fund Expense Ratio :

1.20%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 09/28/2007

w/o sales charge	1.65%	27.21%	5.14%	7.09%	6.17%	6.86%
Lipper Category Avg. High Yield Funds	1.11%	22.34%	5.82%	6.86%	5.37%	-
ICE BofA U.S. High Yield Constrained Index	0.91%	23.22%	6.50%	7.92%	6.30%	7.18%

Fund Expense Ratio :

1.20%

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

2020	4.19%	6.07%
2019	14.68%	14.41%
2018	-5.49%	-2.27%
2017	8.17%	7.48%
2016	15.62%	17.49%
2015	-2.49%	-4.61%
2014	3.18%	2.51%
2013	9.35%	7.41%
2012	16.12%	15.55%
2011	2.89%	4.37%
2010	13.96%	-
2009	50.25%	-
2008	-23.27%	-
2007	1.67%	-

Year	Q1	Q2	Q3	Q4	Yearly Returns

2021	1.65%	-	-	-	2.33%
2020	-16.75%	10.76%	5.58%	7.01%	4.19%
2019	7.39%	3.69%	0.21%	2.78%	14.68%
2018	-1.25%	-0.10%	2.46%	-6.49%	-5.49%
2017	2.74%	1.77%	2.50%	0.93%	8.17%
2016	1.93%	5.42%	5.37%	2.11%	15.62%
2015	3.10%	0.66%	-4.27%	-1.86%	-2.49%
2014	2.84%	3.30%	-1.88%	-1.01%	3.18%
2013	3.89%	-0.97%	2.43%	3.77%	9.35%
2012	6.53%	0.30%	4.97%	3.53%	16.12%
2011	3.74%	1.00%	-7.04%	5.64%	2.89%
2010	4.84%	-0.98%	6.24%	3.32%	13.96%
2009	6.06%	17.31%	13.88%	6.04%	50.25%
2008	-3.46%	1.96%	-7.56%	-15.67%	-23.27%
2007	2.93%	0.13%	-0.15%	-1.21%	1.67%

NAV Historical Prices

Date	Net Asset Value

Portfolio

Rating	Assets
High Yield Bonds
Bank Loans
Equity
Investment Grade Bonds
Convertibles
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
1-3 years
3-5 years
5-7 years
7-10 years
Greater than 10 years

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

Credit Quality Distribution as of 03/31/2021

Rating	Assets
A
BBB
BB
B
<B
Not Rated

Portfolio Positioning as of 12/31/2020

One of the Fund’s largest overweight is in the leisure sector, which is largely driven by the Fund’s allocation to regional gaming credits, such as casinos. In our view, the gaming industry has benefitted from strong operating improvements due to drastic cost-cutting including reduced promotional spend, as well as pent-up demand. Our focus on regional gaming has also benefitted from an emphasis on operators who are less reliant on ‘fly-in’ customers and workweek business conferences, both of which are a larger part of the industry in international gaming centers such as Las Vegas. As gaming continued to recover, we began to pivot toward hotel and travel companies. We added to cruise lines, travel agencies, and other travel-related names, including airline operators that we believe are going above and beyond to increase revenue and passenger yields.
We continue to have a broadly constructive view on high yield credit even while acknowledging that today’s valuations are far less dislocated than they were for much of 2020. Management teams have broadly positioned balance sheets to weather any residual economic softness near term through an active new issue market in 2020 while also working to preserve margins. For 2021, we believe outperformance will more likely be driven by sleeves of opportunity within high yield as opposed to broad market moves. We continue to see upside in fallen angels, many of which we believe will regain investment grade status over the coming year or two. Further, while the pandemic has accelerated the secular struggles of segments of the economy, it has produced structural changes with new beneficiaries.

Portfolio Details as of 03/31/2021

Total Net Assets: $8.56 B
Number of Issues: 765
Average Coupon: 5.76%
Average Maturity: 7.08 Years
Average Effective Duration: 3.95 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

Sprint Capital Corp	6.875%	11/15/2028	1.3%
Ford Motor Co	9.000%	04/22/2025	1.0%
CCO Holdings LLC / CCO Holdings Capital Corp	4.750%	03/01/2030	0.7%
TransDigm Inc	5.500%	11/15/2027	0.6%
CCO Holdings LLC / CCO Holdings Capital Corp	5.125%	05/01/2027	0.6%
Occidental Petroleum Corp	6.125%	01/01/2031	0.6%
Netflix Inc	4.625%	05/15/2029	0.5%
Kraft Heinz Foods Co	4.375%	06/01/2046	0.5%
Kraft Heinz Foods Co	4.875%	10/01/2049	0.5%
Western Midstream Operating LP	5.300%	02/01/2030	0.5%

% of Total Assets			6.8%

Holding	Coupon	Maturity	Assets

Sprint Capital Corp	6.875%	11/15/2028	1.4%
Ford Motor Co	9.000%	04/22/2025	1.0%
CCO Holdings LLC / CCO Holdings Capital Corp	4.750%	03/01/2030	0.7%
TransDigm Inc	5.500%	11/15/2027	0.6%
CCO Holdings LLC / CCO Holdings Capital Corp	5.125%	05/01/2027	0.6%
Kraft Heinz Foods Co	4.375%	06/01/2046	0.6%
Netflix Inc	4.625%	05/15/2029	0.6%
Kraft Heinz Foods Co	4.875%	10/01/2049	0.5%
Western Midstream Operating LP	5.300%	02/01/2030	0.5%
HCA Inc	5.875%	02/01/2029	0.5%
Occidental Petroleum Corp	6.125%	01/01/2031	0.5%
MEG Energy Corp	7.125%	02/01/2027	0.5%
United Rentals North America Inc	4.875%	01/15/2028	0.4%
FMG Resources August 2006 Pty Ltd	4.500%	09/15/2027	0.4%
CF Industries Inc	5.150%	03/15/2034	0.4%
Virgin Media Secured Finance plc	5.500%	05/15/2029	0.4%
Netflix Inc	3.625%	05/15/2027	0.4%
NRG Energy Inc	5.750%	01/15/2028	0.4%
Kraft Heinz Foods Co	5.000%	06/04/2042	0.4%
Nexstar Broadcasting Inc	5.625%	07/15/2027	0.4%
GrubHub Holdings Inc	5.500%	07/01/2027	0.4%
CSC Holdings LLC	5.500%	04/15/2027	0.4%
Centene Corp	4.625%	12/15/2029	0.4%
Matador Resources Co	5.875%	09/15/2026	0.4%
Freeport-McMoRan Inc	4.250%	03/01/2030	0.4%
Netflix Inc	4.875%	06/15/2030	0.4%
Ford Motor Co	4.750%	01/15/2043	0.4%
DISH DBS Corp	7.750%	07/01/2026	0.4%
Select Medical Corp	6.250%	08/15/2026	0.4%
OneMain Finance Corp	6.125%	03/15/2024	0.3%
Freeport-McMoRan Inc	4.125%	03/01/2028	0.3%
Netflix Inc	4.875%	04/15/2028	0.3%
Magnolia Oil & Gas Operating LLC / Magnolia Oil &	6.000%	08/01/2026	0.3%
Newell Brands Inc	5.875%	04/01/2036	0.3%
EQT Corp	7.625%	02/01/2025	0.3%
Centennial Resource Production LLC	5.375%	01/15/2026	0.3%
L Brands Inc	6.625%	10/01/2030	0.3%
Navient Corp	6.750%	06/25/2025	0.3%
Tenet Healthcare Corp	6.250%	02/01/2027	0.3%
CIT Group Inc	6.125%	03/09/2028	0.3%
Murphy Oil Corp	5.875%	12/01/2027	0.3%
Horizon Therapeutics USA Inc	5.500%	08/01/2027	0.3%
American Airlines Inc	11.750%	07/15/2025	0.3%
Navient Corp	6.125%	03/25/2024	0.3%
Freeport-McMoRan Inc	5.250%	09/01/2029	0.3%
Stonegate Pub Co Financing 2019 PLC	8.250%	07/31/2025	0.3%
FAGE International SA / FAGE USA Dairy Industry In	5.625%	08/15/2026	0.3%
Caesars Entertainment Inc	8.125%	07/01/2027	0.3%
Carnival Corp	11.500%	04/01/2023	0.3%
Continental Resources Inc/OK	5.750%	01/15/2031	0.3%
Mclaren Finance PLC	5.000%	08/01/2022	0.3%
Connect Finco SARL / Connect US Finco LLC	6.750%	10/01/2026	0.3%
Apache Corp	4.750%	04/15/2043	0.3%
Centene Corp	3.375%	02/15/2030	0.3%
ESH Hospitality Inc	4.625%	10/01/2027	0.3%
Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp	5.250%	05/15/2027	0.3%
Apache Corp	4.375%	10/15/2028	0.3%
Synovus Financial Corp	5.900%	02/07/2029	0.3%
Ford Motor Co	7.450%	07/16/2031	0.3%
Tenet Healthcare Corp	6.125%	10/01/2028	0.3%
SM Energy Co	6.750%	09/15/2026	0.3%
Northriver Midstream Finance LP	5.625%	02/15/2026	0.3%
Clarios Global LP / Clarios US Finance Co	8.500%	05/15/2027	0.3%
Ziggo BV	5.500%	01/15/2027	0.3%
Signature Aviation US Holdings Inc	4.000%	03/01/2028	0.3%
NextEra Energy Operating Partners LP	4.500%	09/15/2027	0.3%
OneMain Finance Corp	4.000%	09/15/2030	0.3%
TerraForm Power Operating LLC	4.750%	01/15/2030	0.2%
Toll Brothers Finance Corp	4.350%	02/15/2028	0.2%
Mileage Plus Holdings LLC / Mileage Plus Intellect	6.500%	06/20/2027	0.2%
Albertsons Cos Inc / Safeway Inc / New Albertsons	4.875%	02/15/2030	0.2%
Hadrian Merger Sub Inc	8.500%	05/01/2026	0.2%
Hilton Domestic Operating Co Inc	4.875%	01/15/2030	0.2%
DaVita Inc	3.750%	02/15/2031	0.2%
Enviva Partners LP / Enviva Partners Finance Corp	6.500%	01/15/2026	0.2%
LogMeIn Inc	5.500%	09/01/2027	0.2%
Murphy Oil USA Inc	4.750%	09/15/2029	0.2%
HCA Inc	5.500%	06/15/2047	0.2%
Viper Energy Partners LP	5.375%	11/01/2027	0.2%
Ball Corp	2.875%	08/15/2030	0.2%
Radiology Partners Inc	9.250%	02/01/2028	0.2%
Rite Aid Corp	8.000%	11/15/2026	0.2%
Great Wolf Trust 2019-WOLF	2.844%	12/15/2036	0.2%
Ulker Biskuvi Sanayi AS	6.950%	10/30/2025	0.2%
Boyd Gaming Corp	4.750%	12/01/2027	0.2%
Match Group Holdings II LLC	4.125%	08/01/2030	0.2%
Pattern Energy Operations LP / Pattern Energy Oper	4.500%	08/15/2028	0.2%
L Brands Inc	6.875%	11/01/2035	0.2%
Churchill Downs Inc	4.750%	01/15/2028	0.2%
Global Medical Response Inc	6.500%	10/01/2025	0.2%
Fair Isaac Corp	4.000%	06/15/2028	0.2%
Tri Pointe Homes Inc	5.250%	06/01/2027	0.2%
Laredo Petroleum Inc	10.125%	01/15/2028	0.2%
XPO CNW Inc	6.700%	05/01/2034	0.2%
MGM Resorts International	4.625%	09/01/2026	0.2%
Sensata Technologies BV	5.625%	11/01/2024	0.2%
Sealed Air Corp	6.875%	07/15/2033	0.2%
Gray Television Inc	7.000%	05/15/2027	0.2%
Drive Chassis Holdco LLC	8.484%	04/10/2026	0.2%
Encompass Health Corp	4.500%	02/01/2028	0.2%
Block Communications Inc	4.875%	03/01/2028	0.2%
Cenovus Energy Inc	5.400%	06/15/2047	0.2%
Precision Drilling Corp	7.125%	01/15/2026	0.2%
Buckeye Partners LP	3.950%	12/01/2026	0.2%
New Fortress Energy Inc	6.750%	09/15/2025	0.2%
CSC Holdings LLC	5.750%	01/15/2030	0.2%
Forterra Finance LLC / FRTA Finance Corp	6.500%	07/15/2025	0.2%
Callon Petroleum Co	9.000%	04/01/2025	0.2%
Ccs-Cmgc Holdings Inc	5.615%	10/01/2025	0.2%
Vmed O2 UK Financing I PLC	4.250%	01/31/2031	0.2%
Southwestern Energy Co	8.375%	09/15/2028	0.2%
Diamond Sports Group LLC / Diamond Sports Finance	5.375%	08/15/2026	0.2%
Park Intermediate Holdings LLC / PK Domestic Prope	5.875%	10/01/2028	0.2%
Hertz Corp/The	6.000%	01/15/2028	0.2%
Crowdstrike Holdings Inc	3.000%	02/15/2029	0.2%
Delta Air Lines Inc	7.000%	05/01/2025	0.2%
Shift4 Payments LLC / Shift4 Payments Finance Sub	4.625%	11/01/2026	0.2%
Warrior Met Coal Inc	8.000%	11/01/2024	0.2%
Illuminate Buyer LLC / Illuminate Holdings IV Inc	9.000%	07/01/2028	0.2%
Travel + Leisure Co	6.625%	07/31/2026	0.2%
Molina Healthcare Inc	3.875%	11/15/2030	0.2%
CommScope Inc	7.125%	07/01/2028	0.2%
Switch Ltd	3.750%	09/15/2028	0.2%
Bally's Corp	6.750%	06/01/2027	0.2%
Shake Shack Inc	0.000%	-	0.2%
Buena Vista Gaming Authority	13.000%	04/01/2023	0.2%
BY Crown Parent LLC / BY Bond Finance Inc	4.250%	01/31/2026	0.2%
DPL Inc	4.125%	07/01/2025	0.2%
Netflix Inc	3.625%	06/15/2030	0.2%
Wynn Macau Ltd	5.125%	12/15/2029	0.2%
Tenneco Inc	5.000%	07/15/2026	0.2%
Oceaneering International Inc	6.000%	02/01/2028	0.2%
Sugarhouse HSP Gaming Prop Mezz LP/Fin Corp.	5.875%	05/15/2025	0.2%
JBS USA LUX SA / JBS USA Finance Inc	6.750%	02/15/2028	0.2%
Hecla Mining Co	7.250%	02/15/2028	0.2%
Royal Caribbean Cruises Ltd	3.700%	03/15/2028	0.2%
Aethon United BR LP / Aethon United Finance Corp	8.250%	02/15/2026	0.2%
Legacy LifePoint Health LLC	4.375%	02/15/2027	0.2%
Transocean Guardian Ltd	5.875%	01/15/2024	0.2%
Stevens Holding Co Inc	6.125%	10/01/2026	0.2%
Life Time Inc	5.750%	01/15/2026	0.2%
Qorvo Inc	4.375%	10/15/2029	0.2%
Forestar Group Inc	5.000%	03/01/2028	0.2%
Adient US LLC	7.000%	05/15/2026	0.2%
TripAdvisor Inc	0.000%	-	0.2%
Apache Corp	5.100%	09/01/2040	0.2%
OneMain Finance Corp	5.375%	11/15/2029	0.2%
Tianqi Finco Co Ltd	3.750%	11/28/2022	0.2%
Yum! Brands Inc	5.350%	11/01/2043	0.2%
HCA Inc	8.360%	04/15/2024	0.2%
Garda World Security Corp	4.625%	02/15/2027	0.2%
Mohegan Gaming & Entertainment	8.000%	02/01/2026	0.2%
Occidental Petroleum Corp	6.450%	09/15/2036	0.2%
TransDigm Inc	6.250%	03/15/2026	0.2%
Airbnb Inc	0.000%	-	0.2%
Antero Midstream Partners LP / Antero Midstream Fi	7.875%	05/15/2026	0.2%
Alliance Data Systems Corp	4.750%	12/15/2024	0.2%
Pike Corp	5.500%	09/01/2028	0.2%
CrownRock LP / CrownRock Finance Inc	5.625%	10/15/2025	0.2%
Intertape Polymer Group Inc	7.000%	10/15/2026	0.2%
Scientific Games International, Inc.	7.250%	11/15/2029	0.2%
Oceaneering International Inc	4.650%	11/15/2024	0.2%
Buckeye Partners LP	6.375%	01/22/2078	0.2%
Carnival Corp	9.875%	08/01/2027	0.2%
Akumin Inc	7.000%	11/01/2025	0.2%
PDC Energy Inc	5.750%	05/15/2026	0.2%
Spirit Loyalty Cayman Ltd / Spirit IP Cayman Ltd	8.000%	09/20/2025	0.2%
Range Resources Corp	4.875%	05/15/2025	0.2%
American Axle & Manufacturing Inc	6.875%	07/01/2028	0.2%
MEG Energy Corp	5.875%	02/01/2029	0.2%
Delta Air Lines Inc / SkyMiles IP Ltd	4.750%	10/20/2028	0.2%
American Airlines Group Inc	3.750%	03/01/2025	0.2%
Cleveland-Cliffs Inc	5.875%	06/01/2027	0.2%
Topgolf International, Inc.	7.379%	02/09/2026	0.2%
Endeavor Energy Resources LP / EER Finance Inc	5.750%	01/30/2028	0.2%
Ashland LLC	6.875%	05/15/2043	0.2%
Tenet Healthcare Corp	6.750%	06/15/2023	0.2%
Nationstar Mortgage Holdings Inc	5.500%	08/15/2028	0.2%
Popular Inc	6.125%	09/14/2023	0.2%
Tapestry Inc	4.125%	07/15/2027	0.2%
Ovintiv Inc	6.500%	08/15/2034	0.2%
Apache Corp	4.625%	11/15/2025	0.2%
Affinity Gaming	6.875%	12/15/2027	0.2%
Rite Aid Corp	7.500%	07/01/2025	0.2%
Veritas US Inc / Veritas Bermuda Ltd	10.500%	02/01/2024	0.2%
Snap Inc	0.750%	08/01/2026	0.2%
Comstock Resources Inc	7.500%	05/15/2025	0.2%
Global Aircraft Leasing Co Ltd	6.500%	09/15/2024	0.2%
NEP/NCP Holdco Inc	3.365%	10/05/2025	0.2%
Turkiye Vakiflar Bankasi Tao	6.500%	01/08/2026	0.2%
Sabre GLBL Inc	7.375%	09/01/2025	0.2%
Centennial Resource Production LLC	6.875%	04/01/2027	0.2%
Melco Resorts Finance Ltd	5.750%	07/21/2028	0.2%
Royal Caribbean Cruises Ltd	9.125%	06/15/2023	0.2%
eDreams ODIGEO SA	5.500%	09/01/2023	0.2%
Belo Corp	7.250%	09/15/2027	0.2%
Goodyear Tire & Rubber Co/The	4.875%	03/15/2027	0.2%
Optiv Sec, Inc.	4.931%	02/01/2024	0.2%
Catalent Pharma Solutions Inc	5.000%	07/15/2027	0.2%
Vertical US Newco Inc	5.250%	07/15/2027	0.2%
ASP Unifrax Holdings Inc	4.004%	11/05/2025	0.2%
American Airlines Group Inc	5.000%	06/01/2022	0.2%
First Quantum Minerals Ltd	6.875%	10/15/2027	0.2%
Anastasia Beverly Hills	4.004%	08/11/2025	0.2%
Hawaiian Brand Intellectual Property Ltd / Hawaiia	5.750%	01/20/2026	0.2%
TransJamaican Highway Ltd	5.750%	10/10/2036	0.2%
William Carter Co/The	5.625%	03/15/2027	0.2%
Northwest Fiber LLC / Northwest Fiber Finance Sub	10.750%	06/01/2028	0.2%
Avaya Inc	6.125%	09/15/2028	0.2%
EW Scripps Co/The	5.125%	05/15/2025	0.2%
California Resources Corp	7.125%	02/01/2026	0.2%
Chemours Co/The	5.375%	05/15/2027	0.2%
Core & Main Holdings LP	8.625%	09/15/2024	0.1%
Southwest Airlines Co	1.250%	05/01/2025	0.1%
Vivion Investments Sarl	3.000%	08/08/2024	0.1%
RealReal Inc/The	3.000%	06/15/2025	0.1%
Compass Minerals International, Inc.	6.750%	12/01/2027	0.1%
Canada Goose Holdings Inc	0.000%	-	0.1%
Guitar Center Inc	8.500%	01/15/2026	0.1%
Travel Leaders Group, LLC	4.115%	01/25/2024	0.1%
HAT Holdings I LLC / HAT Holdings II LLC	3.750%	09/15/2030	0.1%
IHO Verwaltungs GmbH	4.750%	09/15/2026	0.1%
EQT Corp	8.500%	02/01/2030	0.1%
Patrick Industries Inc	7.500%	10/15/2027	0.1%
Rain CII Carbon LLC / CII Carbon Corp	7.250%	04/01/2025	0.1%
Royal Caribbean Cruises Ltd	11.500%	06/01/2025	0.1%
Nabors Industries Ltd	7.250%	01/15/2026	0.1%
Air Lease Corp	4.650%	12/15/2199	0.1%
Griffon Corp	5.750%	03/01/2028	0.1%
KFC Holding Co/Pizza Hut Holdings LLC/Taco Bell of	4.750%	06/01/2027	0.1%
H&E Equipment Services Inc	3.875%	12/15/2028	0.1%
Sabre GLBL Inc	9.250%	04/15/2025	0.1%
Match Group Holdings II LLC	5.000%	12/15/2027	0.1%
Western Digital Corp	4.750%	02/15/2026	0.1%
Lithia Motors Inc	4.625%	12/15/2027	0.1%
HCA Inc	7.500%	12/15/2023	0.1%
Coeur Mining Inc	5.125%	02/15/2029	0.1%
Sotheby's	7.375%	10/15/2027	0.1%
Enterprise Develop Auth	0.000%	02/19/2028	0.1%
VistaJet Malta Finance PLC / XO Management Holding	10.500%	06/01/2024	0.1%
Amsted Industries Inc	4.625%	05/15/2030	0.1%
Zayo Group Holdings Inc	6.125%	03/01/2028	0.1%
Patterson-UTI Energy Inc	3.950%	02/01/2028	0.1%
Pathway Vet Alliance LLC	3.865%	03/31/2027	0.1%
Credit Suisse Group AG	7.250%	03/12/2199	0.1%
Clark Equipment Co	5.875%	06/01/2025	0.1%
Pinnacle Bidco PLC	6.375%	02/15/2025	0.1%
Quicken Loans LLC	5.250%	01/15/2028	0.1%
Clarios Global LP / Clarios US Finance Co	4.375%	05/15/2026	0.1%
Mong Duong Finance Holdings BV	5.125%	05/07/2029	0.1%
Watco Cos LLC / Watco Finance Corp	6.500%	06/15/2027	0.1%
Altice France Holding SA	10.500%	05/15/2027	0.1%
Ovintiv Inc	6.500%	02/01/2038	0.1%
Ardonagh Midco 2 PLC	11.500%	01/15/2027	0.1%
AG Issuer LLC	6.250%	03/01/2028	0.1%
United States Steel Corp	6.875%	03/01/2029	0.1%
JP Morgan Chase Commercial Mortgage Securities Tru	3.970%	03/15/2036	0.1%
Bacardi Ltd	5.300%	05/15/2048	0.1%
Go Daddy Operating Co LLC / GD Finance Co Inc	5.250%	12/01/2027	0.1%
Triumph Group Inc	7.750%	08/15/2025	0.1%
US Renal Care Inc	10.625%	07/15/2027	0.1%
Netflix Inc	3.875%	11/15/2029	0.1%
Lithia Motors Inc	4.375%	01/15/2031	0.1%
Science Applications International Corp	4.875%	04/01/2028	0.1%
Texas Capital Bank NA	5.250%	01/31/2026	0.1%
Nexa Resources SA	5.375%	05/04/2027	0.1%
Frontier Communications Corp	5.000%	05/01/2028	0.1%
Diamondback Energy Inc	3.500%	12/01/2029	0.1%
General Electric Co	3.520%	06/15/2199	0.1%
Shea Homes LP / Shea Homes Funding Corp.	4.750%	02/15/2028	0.1%
ON Semiconductor Corp	3.875%	09/01/2028	0.1%
Allied Universal Holdco LLC / Allied Universal Fin	9.750%	07/15/2027	0.1%
Fair Isaac Corp	5.250%	05/15/2026	0.1%
SRM Escrow Issuer LLC	6.000%	11/01/2028	0.1%
Navient Corp	6.750%	06/15/2026	0.1%
Ladder Capital Finance Holdings LLC/Ladder Capital	4.250%	02/01/2027	0.1%
Clear Channel Worldwide Holdings, Inc.	9.250%	02/15/2024	0.1%
Freeport-McMoRan Inc	5.450%	03/15/2043	0.1%
MasTec Inc	4.500%	08/15/2028	0.1%
Associated Asphalt Partners, LLC	6.911%	04/05/2024	0.1%
Indigo Natural Resources LLC	5.375%	02/01/2029	0.1%
Bahamas Government International Bond	8.950%	10/15/2032	0.1%
Kuehg Corp	4.750%	02/14/2025	0.1%
Petco Health & Wellness	0.000%	02/25/2028	0.1%
Frontier Communications Corp	5.875%	10/15/2027	0.1%
Occidental Petroleum Corp	3.500%	08/15/2029	0.1%
Southwestern Energy Co	6.450%	01/23/2025	0.1%
Vail Resorts Inc	6.250%	05/15/2025	0.1%
Sunshine Finance Merger	5.000%	12/16/2027	0.1%
Pactiv LLC	7.950%	12/15/2025	0.1%
HAT Holdings I LLC / HAT Holdings II LLC	6.000%	04/15/2025	0.1%
PetVet Care Centers, LLC	2.865%	02/14/2025	0.1%
Clear Channel Outdoor Holdings Inc	7.750%	04/15/2028	0.1%
Hilcorp Energy I LP / Hilcorp Finance Co	6.250%	11/01/2028	0.1%
BCPE Ulysses Intermediate Inc	7.750%	04/01/2027	0.1%
MGM Resorts International	5.500%	04/15/2027	0.1%
PRA Group Inc	7.375%	09/01/2025	0.1%
Beazer Homes USA Inc	7.250%	10/15/2029	0.1%
Radiate Holdco LLC / Radiate Finance Inc	6.500%	09/15/2028	0.1%
PetSmart Inc / PetSmart Finance Corp	4.750%	02/15/2028	0.1%
Turning Point Brands Inc	5.625%	02/15/2026	0.1%
Melissa & Doug	5.435%	06/19/2024	0.1%
Hudbay Minerals Inc	6.125%	04/01/2029	0.1%
Mattel Inc	5.450%	11/01/2041	0.1%
Arcor SAIC	6.000%	07/06/2023	0.1%
Hudbay Minerals Inc	4.500%	04/01/2026	0.1%
Builders FirstSource Inc	5.000%	03/01/2030	0.1%
BCP Raptor II LLC	4.865%	10/22/2025	0.1%
Chobani LLC / Chobani Finance Corp Inc	4.625%	11/15/2028	0.1%
MSCI Inc	3.875%	02/15/2031	0.1%
Specialty Building Products Holdings LLC / SBP Fin	6.375%	09/30/2026	0.1%
Oceaneering International Inc	0.000%	-	0.1%
Uber Technologies Inc	6.250%	01/15/2028	0.1%
Party City Holdings Inc	6.625%	08/01/2026	0.1%
Despegar.com Corp	0.000%	-	0.1%
BEP Ulterra Holdings Inc.	5.365%	11/26/2025	0.1%
Garrett LX I Sarl / Garrett Borrowing LLC	5.125%	10/15/2026	0.1%
CDW LLC / CDW Finance Corp	4.125%	05/01/2025	0.1%
TC Ziraat Bankasi AS	5.375%	03/02/2026	0.1%
Claros Mortgage Trust Inc.	6.000%	08/05/2026	0.1%
Delta Air Lines Inc / SkyMiles IP Ltd	4.500%	10/20/2025	0.1%
United Group BV	3.625%	02/15/2028	0.1%
Sonos Inc	0.000%	-	0.1%
Contura Energy Inc	9.000%	06/14/2024	0.1%
Vista Outdoor Inc	4.500%	03/15/2029	0.1%
Rent-A-Center Inc/TX	6.375%	02/15/2029	0.1%
Equinox Holdings Inc.	4.947%	03/08/2024	0.1%
Jaguar Land Rover Automotive plc	5.875%	01/15/2028	0.1%
Macquarie Bank Ltd/London	6.125%	09/08/2199	0.1%
Surgery Center Holdings Inc	10.000%	04/15/2027	0.1%
United States Steel Corp	6.650%	06/01/2037	0.1%
Calpine Corp	4.500%	02/15/2028	0.1%
Ingevity Corp	4.500%	02/01/2026	0.1%
Gap Inc/The	8.625%	05/15/2025	0.1%
CDW LLC / CDW Finance Corp	5.500%	12/01/2024	0.1%
Madison Square Garden Entertainment Corp	0.000%	-	0.1%
Brazos Delaware II, LLC	4.111%	05/21/2025	0.1%
Buckeye Partners LP	4.125%	12/01/2027	0.1%
SM Energy Co	6.125%	11/15/2022	0.1%
KB Home	4.800%	11/15/2029	0.1%
AMC Networks Inc	4.750%	08/01/2025	0.1%
MPT Operating Partnership LP / MPT Finance Corp	5.000%	10/15/2027	0.1%
Compass Minerals International, Inc.	4.875%	07/15/2024	0.1%
LHC3 PLC	4.125%	08/15/2024	0.1%
William Carter Co/The	5.500%	05/15/2025	0.1%
Jerrold Finco PLC	5.250%	01/15/2027	0.1%
American Airlines Group Inc	6.500%	07/01/2025	0.1%
Teladoc Health Inc	1.250%	06/01/2027	0.1%
WD-40 Co	0.000%	-	0.1%
Presidio Holdings Inc	8.250%	02/01/2028	0.1%
Summit Materials LLC / Summit Materials Finance Co	6.500%	03/15/2027	0.1%
Acadia Healthcare Co Inc	5.000%	04/15/2029	0.1%
Carvana Co	5.625%	10/01/2025	0.1%
Playa Resorts Holding B.V.	3.750%	04/29/2024	0.1%
Alcoa Nederland Holding BV	5.500%	12/15/2027	0.1%
Calpine Corp	3.750%	03/01/2031	0.1%
Clearway Energy Operating LLC	4.750%	03/15/2028	0.1%
EnerSys	4.375%	12/15/2027	0.1%
Element Solutions Inc	3.875%	09/01/2028	0.1%
Herbalife Nutrition Ltd / HLF Financing Inc	7.875%	09/01/2025	0.1%
Antero Resources Corp	7.625%	02/01/2029	0.1%
Penske Automotive Group Inc	3.500%	09/01/2025	0.1%
PTC Inc	4.000%	02/15/2028	0.1%
AMC Entertainment Holdings	4.500%	03/20/2026	0.1%
Goosehead Insurance Inc	0.000%	-	0.1%
United Airlines 2020-1 Class A Pass Through Trust	5.875%	10/15/2027	0.1%
Nordstrom Inc	4.375%	04/01/2030	0.1%
British Airways 2020-1 Class A Pass Through Trust	4.250%	11/15/2032	0.1%
Murphy Oil USA Inc	5.625%	05/01/2027	0.1%
Rede D'or Finance Sarl	4.950%	01/17/2028	0.1%
Pan American Silver Corp	0.000%	-	0.1%
Air Methods Corp	8.000%	05/15/2025	0.1%
Turning Point Brands Inc	0.000%	-	0.1%
Uber Technologies Inc	7.500%	09/15/2027	0.1%
ATS Automation Tooling Systems, Inc.	4.125%	12/15/2028	0.1%
Park-Ohio Industries Inc	6.625%	04/15/2027	0.1%
Vertical Midco GmbH	4.375%	07/15/2027	0.1%
LBM Acquisition LLC	6.250%	01/15/2029	0.1%
CCM Merger Inc	6.375%	05/01/2026	0.1%
Advisor Group Holdings Inc	10.750%	08/01/2027	0.1%
EPR Properties	4.500%	04/01/2025	0.1%
Wendy's International LLC	7.000%	12/15/2025	0.1%
Kosmos Energy Ltd	7.500%	03/01/2028	0.1%
Real Hero Merger Sub 2 Inc	6.250%	02/01/2029	0.1%
Badger Meter Inc	0.000%	-	0.1%
USA Compression Partners LP / USA Compression Fina	6.875%	09/01/2027	0.1%
Castle US Holding Corp	9.500%	02/15/2028	0.1%
Robertshaw US Holding Corp. (fka Fox US Bidco Corp	5.189%	02/28/2025	0.1%
Coty Inc	6.500%	04/15/2026	0.1%
Installed Building Products Inc	5.750%	02/01/2028	0.1%
ModivCare Inc	5.875%	11/15/2025	0.1%
Midas Intermediate Holdco II, LLC	7.500%	12/16/2025	0.1%
Spring Education Group, Inc.	4.504%	07/30/2025	0.1%
Charles River Laboratories International, Inc.	4.250%	05/01/2028	0.1%
Tanger Properties LP	3.875%	07/15/2027	0.1%
Northwest Fiber LLC / Northwest Fiber Finance Sub	6.000%	02/15/2028	0.1%
Wolverine Escrow LLC	8.500%	11/15/2024	0.1%
Diamondback Energy Inc	0.000%	-	0.1%
EQT Corp	5.000%	01/15/2029	0.1%
Cyxtera DC Holdings, Inc. (fka Colorado Buyer Inc.)	0.000%	05/01/2024	0.1%
Amsted Industries Inc	5.625%	07/01/2027	0.1%
Okta Inc	0.375%	06/15/2026	0.1%
Comstock Resources Inc	6.750%	03/01/2029	0.1%
Yapi ve Kredi Bankasi AS	7.875%	01/22/2031	0.1%
Range Resources Corp	5.000%	03/15/2023	0.1%
Caesars Resort Collection LLC / CRC Finco Inc	5.250%	10/15/2025	0.1%
Univar Solutions USA Inc/Washington	5.125%	12/01/2027	0.1%
Kaiser Aluminum Corp	4.625%	03/01/2028	0.1%
Ford Motor Co	9.625%	04/22/2030	0.1%
Maxeda DIY Holding BV	5.875%	10/01/2026	0.1%
Chemours Co/The	5.750%	11/15/2028	0.1%
Entercom Media Corp	6.500%	05/01/2027	0.1%
Twitter Inc	0.250%	06/15/2024	0.1%
Zillow Group Inc	0.750%	09/01/2024	0.1%
Sunac China Holdings Ltd	7.000%	07/09/2025	0.1%
Valmont Industries Inc	0.000%	-	0.1%
White Cap Buyer LLC	6.875%	10/15/2028	0.1%
Miller's Ale House, Inc.	4.868%	05/30/2025	0.1%
Hilcorp Energy I LP / Hilcorp Finance Co	5.750%	02/01/2029	0.1%
Endo Dac / Endo Finance LLC / Endo Finco Inc	6.000%	06/30/2028	0.1%
Inter Media and Communication SpA	4.875%	12/31/2022	0.1%
Howard Hughes Corp/The	5.375%	08/01/2028	0.1%
Peak 10 Holding Corporation	3.754%	08/01/2024	0.1%
Promontoria Holding 264 BV	6.750%	08/15/2023	0.1%
TechnipFMC PLC	6.500%	02/01/2026	0.1%
Levi Strauss & Co	3.500%	03/01/2031	0.1%
Star Energy Geothermal Darajat II / Star Energy Ge	4.850%	10/14/2038	0.1%
SEG Holding LLC / SEG Finance Corp	5.625%	10/15/2028	0.1%
Live Nation Entertainment Inc	4.750%	10/15/2027	0.1%
Carnival Corp	5.750%	03/01/2027	0.1%
Austin BidCo Inc	7.125%	12/15/2028	0.1%
Jaguar Land Rover Automotive plc	4.500%	10/01/2027	0.1%
Square Inc	0.000%	05/01/2026	0.1%
Mattel Inc	5.875%	12/15/2027	0.1%
Full House Resorts Inc	8.250%	02/15/2028	0.1%
Merlin Entertainments Ltd	5.750%	06/15/2026	0.1%
Team Health Holdings Inc	6.375%	02/01/2025	0.1%
Shopify Inc	0.125%	11/01/2025	0.1%
Aston Martin Capital Holdings Ltd.	10.500%	11/30/2025	0.1%
Range Resources Corp	8.250%	01/15/2029	0.1%
Lindsay Corp	0.000%	-	0.1%
Dometic Group AB	3.000%	05/08/2026	0.1%
Cinemark USA, Inc.	1.870%	03/31/2025	0.1%
Kuehg Corp	9.563%	08/15/2025	0.1%
CNX Resources Corp	6.000%	01/15/2029	0.1%
Weekley Homes LLC / Weekley Finance Corp.	4.875%	09/15/2028	0.1%
Cognex Corp	0.000%	-	0.1%
Avis Budget Car Rental LLC / Avis Budget Finance,	5.750%	07/15/2027	0.1%
Grab Holdings Inc	5.500%	01/14/2026	0.1%
Century Communities Inc	6.750%	06/01/2027	0.1%
Berry Petroleum Co LLC	7.000%	02/15/2026	0.1%
WP CPP Holdings, LLC	4.750%	04/30/2025	0.1%
Emergent BioSolutions Inc	3.875%	08/15/2028	0.1%
Ford Motor Co	6.625%	10/01/2028	0.1%
Arches Buyer Inc	6.125%	12/01/2028	0.1%
Fresh Market Inc/The	9.750%	05/01/2023	0.1%
FXI Holdings Inc	7.875%	11/01/2024	0.1%
Ball Corp	4.875%	03/15/2026	0.1%
WisdomTree Investments Inc	4.250%	06/15/2023	0.1%
Tesla Inc	2.000%	05/15/2024	0.1%
Ken Garff Automotive LLC	4.875%	09/15/2028	0.1%
GrafTech Finance Inc	4.625%	12/15/2028	0.1%
BFLD 2019-DPLO	2.652%	10/15/2034	0.1%
Coeur Mining Inc	5.875%	06/01/2024	0.1%
SunPower Corp	4.000%	01/15/2023	0.1%
Talen Energy Supply LLC	6.500%	06/01/2025	0.1%
Omnitracs, LLC	8.115%	09/22/2028	0.1%
Chobani LLC / Chobani Finance Corp Inc	7.500%	04/15/2025	0.1%
Tri Pointe Homes Inc	5.700%	06/15/2028	0.1%
Hilcorp Energy I LP / Hilcorp Finance Co	6.000%	02/01/2031	0.1%
Gap Inc/The	8.875%	05/15/2027	0.1%
ANGI Group LLC	3.875%	08/15/2028	0.1%
Redfin Corp	0.000%	10/15/2025	0.1%
Garda World Security Corp	9.500%	11/01/2027	0.1%
Boyd Corporation	3.615%	09/06/2025	0.1%
YPF Energia Electrica SA	10.000%	07/25/2026	0.1%
NCL Corp Ltd	12.250%	05/15/2024	0.1%
IIP Operating Partnership LP	3.750%	02/21/2024	0.1%
Uber Technologies Inc	8.000%	11/01/2026	0.1%
NGPL Pipeco LLC	4.875%	08/15/2027	0.1%
Five Below Inc	0.000%	-	0.1%
Penn National Gaming Inc	5.625%	01/15/2027	0.1%
Hydrofarm Holdings Group Inc	0.000%	-	0.1%
Sunrun Inc	0.000%	02/01/2026	0.1%
Zaxby's Operating Co LP	4.500%	12/09/2027	0.1%
Delta Topco, Inc.	8.000%	10/07/2028	0.1%
Blue Racer Midstream LLC / Blue Racer Finance Corp	7.625%	12/15/2025	0.1%
Cedar Fair LP	5.250%	07/15/2029	0.1%
Helen of Troy Ltd	0.000%	-	0.1%
Urban One Inc	7.375%	02/01/2028	0.1%
Legends Hospitality Holding Co LLC / Legends Hospi	5.000%	02/01/2026	0.1%
Mattamy Group Corp	4.625%	03/01/2030	0.1%
New Home Co Inc/The	7.250%	10/15/2025	0.1%
iHeartCommunications Inc	4.750%	01/15/2028	0.1%
fuboTV Inc	3.250%	02/15/2026	0.1%
B2W Digital Lux Sarl	4.375%	12/20/2030	0.1%
Kaisa Group Holdings Ltd	10.500%	01/15/2025	0.1%
Banff Merger Sub Inc	9.750%	09/01/2026	0.1%
Meritor Inc	4.500%	12/15/2028	0.1%
Sally Holdings LLC / Sally Capital, Inc.	8.750%	04/30/2025	0.1%
Windstream Escrow LLC / Windstream Escrow Finance	7.750%	08/15/2028	0.1%
Presidio Holdings Inc	4.875%	02/01/2027	0.1%
Scientific Games International, Inc.	8.625%	07/01/2025	0.1%
Fontainebleau Miami Beach Trust 2019-FBLU	3.963%	12/10/2036	0.1%
International Game Technology plc	5.250%	01/15/2029	0.1%
White Cap Parent LLC	8.250%	03/15/2026	0.1%
Brookfield Residential Properties, Inc. / Brookfie	4.875%	02/15/2030	0.1%
JetBlue Airways Corp	6.250%	06/12/2024	0.1%
Park River Holdings Inc	5.625%	02/01/2029	0.1%
Ahern Rentals Inc	7.375%	05/15/2023	0.1%
Outfront Media Capital LLC / Outfront Media Capita	4.250%	01/15/2029	0.1%
Kornit Digital Ltd	0.000%	-	0.1%
Canopy Growth Corp	4.250%	07/15/2023	0.1%
Energy Acquisition LP (aka Electrical Components International)	4.365%	06/26/2025	0.1%
Masonite International Corp	5.375%	02/01/2028	0.1%
L Brands Inc	6.875%	07/01/2025	0.1%
Veritas US Inc / Veritas Bermuda Ltd	7.500%	09/01/2025	0.1%
Prime Security Services Borrower LLC / Prime Finan	3.375%	08/31/2027	0.1%
Dana Inc	5.625%	06/15/2028	0.1%
Winnebago Industries Inc	6.250%	07/15/2028	0.1%
Cleveland-Cliffs Inc	4.875%	03/01/2031	0.1%
Resolute Forest Products Inc	4.875%	03/01/2026	0.1%
Kaiser Aluminum Corp	6.500%	05/01/2025	0.1%
Chegg Inc	0.000%	09/01/2026	0.1%
RingCentral Inc	0.000%	03/01/2025	0.1%
Univision Communications Inc	5.125%	02/15/2025	0.1%
Genting New York LLC / GENNY Capital Inc	3.300%	02/15/2026	0.1%
NCL Corp Ltd	3.625%	12/15/2024	0.1%
Sri Lanka Government International Bond	5.875%	07/25/2022	0.1%
Cable One Inc	4.000%	11/15/2030	0.1%
Rattler Midstream LP	5.625%	07/15/2025	0.1%
SVB Financial Group	0.000%	-	0.1%
Group 1 Automotive Inc	4.000%	08/15/2028	0.1%
Cablevision Lightpath LLC	3.875%	09/15/2027	0.1%
PGT Innovations Inc	6.750%	08/01/2026	0.1%
Dick's Sporting Goods Inc	3.250%	04/15/2025	0.1%
Aptiv PLC	0.000%	06/15/2023	0.1%
CANPACK SA / Eastern PA Land Investment Holding LL	3.125%	11/01/2025	0.1%
Vertical Holdco GmbH	7.625%	07/15/2028	0.1%
AMC Entertainment Holdings Inc	12.000%	06/15/2026	0.1%
South State Corp	0.000%	-	0.1%
Boise Cascade Co	4.875%	07/01/2030	0.1%
Ingevity Corp	3.875%	11/01/2028	0.1%
Taylor Morrison Communities Inc	5.125%	08/01/2030	0.1%
Hughes Satellite Systems Corp	5.250%	08/01/2026	0.1%
Caesars Resort Collection LLC / CRC Finco Inc	5.750%	07/01/2025	0.1%
VTR Finance NV	6.375%	07/15/2028	0.1%
Banijay Entertainment SASU	5.375%	03/01/2025	0.1%
Alliant Holdings Intermediate LLC	6.750%	10/15/2027	0.1%
Radiate Holdco LLC / Radiate Finance Inc	4.500%	09/15/2026	0.1%
Live Nation Entertainment Inc	3.750%	01/15/2028	0.1%
Minerals Technologies Inc	5.000%	07/01/2028	0.1%
Playtika Holding Corp	7.000%	12/03/2024	0.1%
Amkor Technology Inc	6.625%	09/15/2027	0.1%
eG Global Finance PLC	8.500%	10/30/2025	0.1%
Nouryon Holding BV	8.000%	10/01/2026	0.1%
Gibraltar Industries Inc	0.000%	-	0.1%
Calpine Corp	4.625%	02/01/2029	0.1%
Central Garden & Pet Co	4.125%	10/15/2030	0.1%
Shea Homes LP / Shea Homes Funding Corp.	4.750%	04/01/2029	0.1%
Allison Transmission Inc	3.750%	01/30/2031	0.1%
Transocean Proteus Ltd	6.250%	12/01/2024	0.1%
Tms International Holding Corp	7.250%	08/15/2025	0.1%
Hertz Corp/The	5.500%	10/15/2024	0.1%
Calpine Corp	5.000%	02/01/2031	0.1%
Bristow Group Inc	6.875%	03/01/2028	0.1%
Baffinland Iron Mines Corp / Baffinland Iron Mines	8.750%	07/15/2026	0.1%
1011778 BC ULC / New Red Finance, Inc.	4.375%	01/15/2028	0.1%
TGP Holding III LLC(Traeger Pellet Grill Hdg LLC)	9.817%	09/20/2025	0.1%
NSG Holdings LLC / NSG Holdings, Inc.	7.750%	12/15/2025	0.1%
Asbury Automotive Group Inc	4.500%	03/01/2028	0.1%
Lamar Media Corp	4.875%	01/15/2029	0.1%
Sirius XM Radio Inc	5.000%	08/01/2027	0.1%
Targa Resources Partners LP / Targa Resources Part	5.000%	01/15/2028	0.1%
Diamond Sports Group LLC / Diamond Sports Finance	6.625%	08/15/2027	0.1%
Avient Corp	5.750%	05/15/2025	0.1%
Altice France Holding SA	6.000%	02/15/2028	0.1%
Terraform Global Operating LLC	6.125%	03/01/2026	0.1%
Scotts Miracle-Gro Co/The	4.500%	10/15/2029	0.1%
PetSmart Inc / PetSmart Finance Corp	7.750%	02/15/2029	0.1%
Revlon, Inc. Class A	1.700%	06/30/2025	0.1%
Targa Resources Partners LP / Targa Resources Part	4.875%	02/01/2031	0.1%
PHH Mortgage Corp	7.875%	03/15/2026	0.1%
Acadia Healthcare Co Inc	5.500%	07/01/2028	0.1%
Sirius XM Radio Inc	5.500%	07/01/2029	0.1%
Cleveland-Cliffs Inc	4.625%	03/01/2029	0.1%
Freeport-McMoRan Inc	4.375%	08/01/2028	0.1%
Ford Motor Credit Co LLC	4.000%	11/13/2030	0.1%
TerraForm Power Operating LLC	5.000%	01/31/2028	0.1%
NRG Energy Inc	5.250%	06/15/2029	0.1%
Peraton Corp	0.000%	02/22/2028	0.1%
Arena Luxembourg Finance Sarl	1.875%	02/01/2028	0.1%
CANPACK SA / Eastern PA Land Investment Holding LL	2.375%	11/01/2027	0.1%
Quicken Loans LLC / Quicken Loans Co-Issuer Inc	3.875%	03/01/2031	0.1%
Nationstar Mortgage Holdings Inc	5.125%	12/15/2030	0.1%
Travel + Leisure Co	6.000%	04/01/2027	0.1%
Gibson Brands, Inc	0.000%	-	0.1%
Antero Resources Corp	8.375%	07/15/2026	0.1%
Stericycle Inc	3.875%	01/15/2029	0.1%
IRB Holding Corp	7.000%	06/15/2025	0.1%
Picasso Finance Sub Inc	6.125%	06/15/2025	0.1%
US Acute Care Solutions LLC	6.375%	03/01/2026	0.1%
Toll Brothers Finance Corp	4.875%	03/15/2027	0.1%
Maxeda DIY Holding BV	5.875%	10/01/2026	0.1%
Goldstory SASU	5.375%	03/01/2026	0.1%
Millicom International Cellular S.A.	6.250%	03/25/2029	0.1%
Quicken Loans LLC / Quicken Loans Co-Issuer Inc	3.625%	03/01/2029	0.1%
Credit Index Swap	5.000%	12/20/2025	0.1%
Avolon Holdings Funding Ltd	5.500%	01/15/2026	0.1%
Kennedy-Wilson Inc	5.000%	03/01/2031	0.1%
Kennedy-Wilson Inc	4.750%	03/01/2029	0.1%
Williams Scotsman International Inc	4.625%	08/15/2028	0.1%
Transportes Aereos Portugueses SA	5.625%	12/02/2024	0.1%
Ortho-Clinical Diagnostics Inc / Ortho-Clinical Di	7.250%	02/01/2028	0.1%
MercadoLibre Inc	2.375%	01/14/2026	0.1%
Carnival Corp	7.625%	03/01/2026	0.1%
Rayonier AM Products Inc	7.625%	01/15/2026	0.1%
Sofima Holding SPA	3.750%	01/15/2028	0.1%
Cablevision Lightpath LLC	5.625%	09/15/2028	0.1%
Triumph Group Inc	5.250%	06/01/2022	0.1%
House of HR	7.500%	01/15/2027	0.1%
Targa Resources Partners LP / Targa Resources Part	4.000%	01/15/2032	0.1%
Netflix Inc	3.875%	11/15/2029	0.1%
TTM Technologies Inc	4.000%	03/01/2029	0.1%
Central Garden & Pet Co	5.125%	02/01/2028	0.1%
Brundage-Bone Concrete Pumping Holdings Inc	6.000%	02/01/2026	0.1%
MercadoLibre Inc	3.125%	01/14/2031	0.1%
Monarch Casino & Resort Inc	0.000%	-	0.1%
ServiceNow Inc	0.000%	-	0.1%
Elwood Energy LLC	8.159%	07/05/2026	0.1%
Viking Cruises Ltd	13.000%	05/15/2025	0.1%
Occidental Petroleum Corp	6.625%	09/01/2030	0.1%
Carvana Co	5.875%	10/01/2028	0.1%
Credit Index Swap	1.000%	12/20/2025	0.1%
Hunt Cos Inc	6.250%	02/15/2026	0.1%
HCA Inc	7.690%	06/15/2025	0.1%
elf Beauty Inc	0.000%	-	0.1%
Occidental Petroleum Corp	4.400%	08/15/2049	0.1%
IPD 3 BV	5.500%	12/01/2025	0.1%
ChampionX Corp	6.375%	05/01/2026	0.1%
IPD 3 BV	5.500%	12/01/2025	0.1%
Avolon Holdings Funding Ltd	4.250%	04/15/2026	0.1%
Stonegate Pub Co Financing 2019 PLC	8.000%	07/13/2025	0.1%
Claire's Stores, Inc.	6.881%	12/18/2026	0.0%
Great Wolf Trust 2019-WOLF	3.243%	12/15/2036	0.0%
J.P. Morgan Chase Commercial Mortgage Securities T	4.009%	10/05/2031	0.0%
Occidental Petroleum Corp	7.500%	05/01/2031	0.0%
Sonic Automotive Inc	6.125%	03/15/2027	0.0%
EPR Properties	3.750%	08/15/2029	0.0%
Frontier Communications Corp	6.750%	05/01/2029	0.0%
House of HR	7.500%	01/15/2027	0.0%
Peraton Corp	4.750%	02/22/2028	0.0%
Centene Corp	3.000%	10/15/2030	0.0%
Foundation Building Materials Inc	6.000%	03/01/2029	0.0%
Doncasters US Finance LLC (Doncasters US LLC)	8.500%	03/31/2024	0.0%
RP Escrow Issuer LLC	5.250%	12/15/2025	0.0%
Party City Holdings Inc	8.750%	02/15/2026	0.0%
Doncasters US Finance LLC (Doncasters US LLC)	0.500%	03/31/2025	0.0%
Commercial Barge Line	0.000%	-	0.0%
Precision Drilling Corp	7.750%	12/15/2023	0.0%
ServiceNow Inc	0.000%	06/01/2022	0.0%
Avis Budget Car Rental LLC / Avis Budget Finance,	5.250%	03/15/2025	0.0%
Nordstrom Inc	4.000%	03/15/2027	0.0%
Occidental Petroleum Corp	4.100%	02/15/2047	0.0%
Amern Trailer World Corp	0.000%	02/17/2028	0.0%
PetVet Care Centers, LLC	4.250%	02/14/2025	0.0%
Goldstory SASU	5.375%	03/01/2026	0.0%
Rent-A-Center Inc	0.000%	02/04/2028	0.0%
Transportes Aereos Portugueses SA	5.625%	12/02/2024	0.0%
Montreign Resort Casino	3.368%	03/23/2021	0.0%
SM Energy Co	6.625%	01/15/2027	0.0%
Commercial Barge Line	0.000%	-	0.0%
Transocean Sentry Ltd	5.375%	05/15/2023	0.0%
Hertz Corp/The	0.000%	10/15/2022	0.0%
Frontera Generation Hold	5.250%	05/02/2025	0.0%
SM Energy Co	5.625%	06/01/2025	0.0%
UTEX Industries	0.000%	-	0.0%
PetVet Care Centers, LLC	3.685%	02/14/2025	0.0%
Leslie's Inc	0.000%	-	0.0%
Macy's Retail Holdings LLC	4.500%	12/15/2034	0.0%
Claire's Stores, Inc.	0.000%	-	0.0%
J Crew Group Inc.	11.000%	09/10/2027	0.0%
FX USD/EUR 03/21	0.000%	03/04/2021	0.0%
Frontera Generation Hold	14.000%	11/05/2021	0.0%
UC Holdings	0.000%	-	0.0%
Britax Childcare	0.000%	01/09/2025	0.0%
Commercial Mortgage Backed Index Swap	0.000%	09/17/2058	0.0%
Ovintiv Inc	8.125%	09/15/2030	0.0%
Commercial Mortgage Backed Index Swap	0.000%	09/17/2058	0.0%
Commercial Mortgage Backed Index Swap	0.000%	09/17/2058	0.0%
Mohegan Gaming & Entertainment	7.875%	10/15/2024	0.0%
Commercial Mortgage Backed Index Swap	0.000%	11/17/2059	0.0%
Precision Drilling Corp	5.250%	11/15/2024	0.0%
Commercial Mortgage Backed Index Swap	0.000%	09/17/2058	0.0%
Commercial Mortgage Backed Index Swap	0.000%	09/17/2058	0.0%
Commercial Mortgage Backed Index Swap	0.000%	09/17/2058	0.0%
Commercial Mortgage Backed Index Swap	0.000%	11/17/2059	0.0%
J Crew Group Inc.	0.000%	-	0.0%
UTEX Industries	8.500%	11/01/2024	0.0%
Commercial Mortgage Backed Index Swap	0.000%	09/17/2058	0.0%
Commercial Mortgage Backed Index Swap	0.000%	11/17/2059	0.0%
Commercial Barge Line	0.000%	-	0.0%
Commercial Mortgage Backed Index Swap	0.000%	11/17/2059	0.0%
UTEX Industries	11.000%	11/01/2024	0.0%
FGI Operating Company, LLC	5.929%	05/15/2022	0.0%
TNT Crane and Rigging	0.000%	-	0.0%
Commercial Mortgage Backed Index Swap	0.000%	11/17/2059	0.0%
J Crew Group Inc.	0.000%	-	0.0%
Commercial Mortgage Backed Index Swap	0.000%	11/17/2059	0.0%
Commercial Mortgage Backed Index Swap	0.000%	11/17/2059	0.0%
Revlon, Inc. Class A	0.000%	-	0.0%
Commercial Mortgage Backed Index Swap	0.000%	11/17/2059	0.0%
Sable Permian Resources Finance LLC	12.000%	10/01/2024	0.0%
Commercial Mortgage Backed Index Swap	0.000%	09/17/2058	0.0%
Commercial Mortgage Backed Index Swap	0.000%	09/17/2058	0.0%
Commercial Mortgage Backed Index Swap	0.000%	11/17/2059	0.0%
Commercial Mortgage Backed Index Swap	0.000%	11/17/2059	0.0%
FX USD/EUR 03/21	0.000%	03/04/2021	0.0%
FX USD/EUR 03/21	0.000%	03/04/2021	0.0%
TNT Crane and Rigging	0.000%	-	0.0%
FX USD/EUR 03/21	0.000%	03/04/2021	0.0%
Commercial Mortgage Backed Index Swap	0.000%	09/17/2058	0.0%
FX USD/GBP 03/21	0.000%	03/08/2021	0.0%
FX EUR/USD 03/21	0.000%	03/04/2021	0.0%
FX USD/EUR 03/21	0.000%	03/04/2021	0.0%
FX USD/EUR 03/21	0.000%	03/04/2021	0.0%
Penson Technologies LLC	0.000%	-	0.0%
Commercial Mortgage Backed Index Swap	0.000%	11/17/2059	0.0%
FX USD/EUR 03/21	0.000%	03/04/2021	0.0%
Commercial Mortgage Backed Index Swap	0.000%	09/17/2058	0.0%
FX USD/EUR 03/21	0.000%	03/04/2021	0.0%
FX USD/EUR 03/21	0.000%	03/04/2021	0.0%
FX USD/EUR 03/21	0.000%	03/04/2021	0.0%
FX USD/GBP 03/21	0.000%	03/08/2021	0.0%
Commercial Mortgage Backed Index Swap	0.000%	09/17/2058	0.0%
FX EUR/USD 03/21	0.000%	03/04/2021	0.0%
FX USD/CAD 04/21	0.000%	04/20/2021	0.0%
FX USD/EUR 03/21	0.000%	03/04/2021	0.0%
Commercial Mortgage Backed Index Swap	0.000%	09/17/2058	0.0%
US LONG BOND(CBT) JUN21	0.000%	06/30/2021	0.0%
US ULTRA BOND CBT JUN21	0.000%	06/30/2021	0.0%
Washington Mutual Bank / Debt not acquired by JPMo	6.875%	06/15/2011	0.0%
FX USD/CAD 04/21	0.000%	04/20/2021	0.0%
FX USD/EUR 03/21	0.000%	03/04/2021	0.0%
Mirabela Nickel Ltd.	1.000%	09/16/2044	0.0%
FX USD/GBP 03/21	0.000%	03/08/2021	0.0%
Tonon Luxembourg S.A.	6.500%	10/31/2024	0.0%
Commercial Mortgage Backed Index Swap	0.000%	09/17/2058	0.0%
Remington Outdoor Co. Inc.	0.000%	-	0.0%
Remington Outdoor Co. Inc.	0.000%	-	0.0%
Britax Childcare	0.000%	-	0.0%
Dutch Lion BV	11.250%	06/15/2023	0.0%
Afren plc	10.250%	04/08/2022	0.0%
Afren plc	11.500%	02/01/2022	0.0%
Afren plc	6.625%	12/09/2021	0.0%
EURO-BOBL FUT JUN21	0.000%	06/10/2021	0.0%
EURO-BUND FUTURE JUN21	0.000%	06/10/2021	0.0%
General Motors Co	7.200%	01/15/2049	0.0%
US 10YR ULTRA FUT JUN21	0.000%	06/30/2021	0.0%
US 5YR NOTE (CBT) JUN21	0.000%	07/06/2021	0.0%
FX EUR/USD 03/21	0.000%	03/04/2021	0.0%
FX USD/EUR 03/21	0.000%	03/04/2021	0.0%
FX EUR/USD 03/21	0.000%	03/04/2021	0.0%
FX USD/GBP 03/21	0.000%	03/08/2021	0.0%
US 2YR NOTE (CBT) JUN21	0.000%	07/06/2021	0.0%
FX USD/GBP 03/21	0.000%	03/08/2021	0.0%
FX USD/GBP 03/21	0.000%	03/08/2021	0.0%
FX USD/GBP 03/21	0.000%	03/08/2021	0.0%
FX USD/GBP 03/21	0.000%	03/08/2021	0.0%
FX USD/GBP 03/21	0.000%	03/08/2021	0.0%
FX USD/GBP 03/21	0.000%	03/08/2021	0.0%
Commercial Mortgage Backed Index Swap	0.000%	09/17/2058	0.0%
FX EUR/USD 03/21	0.000%	03/04/2021	0.0%
FX EUR/USD 03/21	0.000%	03/04/2021	0.0%
FX USD/GBP 03/21	0.000%	03/08/2021	0.0%
FX USD/GBP 03/21	0.000%	03/08/2021	0.0%

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

Sector Allocationas of 03/31/2021

Sector	Weighting	Fund Change from Previous Quarter

Sector	Weighting	Fund Change from Previous Quarter
Retail		-
Financial Services		-
Consumer Goods		-
Banking		-
Technology & Electronics		-
Utility		-
Insurance		-
Healthcare		-
Real Estate		-
Capital Goods		-
Telecommunications		-
Basic Industry		-
Leisure		-
Other		-
Transportation		-
Automotive		-
Energy		-
Services		-
Media		-

Dividends & Cap Gains

Dividend Payments

For

YTD Dividends Paidas of 04/21/2021: $0.082
Dividend Frequency: Monthly (Daily Accrual)

Record Date	Ex-Dividend Date	Reinvest & Payable Date	Dividend	Reinvest Price
Daily	Daily	03/31/2021	$0.02749	$7.50
Daily	Daily	02/28/2021	$0.02788	$7.54
Daily	Daily	01/31/2021	$0.02739	$7.48

Upcoming Dividend Payment Dates

Record Date	Ex-Dividend Date	Reinvest & Payable Date
Daily	Daily	04/30/2021
Daily	Daily	05/31/2021
Daily	Daily	06/30/2021
Daily	Daily	07/31/2021
Daily	Daily	08/31/2021
Daily	Daily	09/30/2021
Daily	Daily	10/31/2021
Daily	Daily	11/30/2021
Daily	Daily	12/31/2021

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	$7.48

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
12/16/2021	12/17/2021

Fees & Expenses

Expense Ratioas of 03/31/2021

1.20%

Fund Documents

Download fund documents & literature, create email subscriptions, and place direct mail order

	0Documents selected				Order
n/a	Portfolio Holdings 1Q Publish Date:11/03/2015
n/a	Portfolio Holdings 3Q Publish Date:11/03/2015
	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
	Fund Story Publish Date:11/03/2015
	Fixed Income Combo Flyer Publish Date:11/03/2015
n/a	Capital Markets Presentation Publish Date:11/03/2015

To order literature visit full website

You may add to your cart by selecting quantities in each row below.

No rows selected. Please Go back and select at least one fund document

	Quantity Quantity	Remove Remove

Proceed to Checkout

(3 items)

View all forms & documents

*Barron’s Overall Fund Family of 2020,” #7 overall ranking among 53 qualifying fund families based on the net total return of the one-year period ending 12/31/2020. Five-year overall ranking is #4 out of 50 qualifying fund families; and 10-year overall ranking is #21 out of 44 qualifying fund families.

Source: Barron’s, “Barron’s Best Fund Families of 2020,” February 20, 2021. Barron’s rankings are based on asset weighted returns in funds in five categories: general equity, world equity (including international and global portfolios), mixed asset (which invest in stocks, bonds and other securities), taxable bond, and tax-exempt (each a "Barron's ranking category"). Rankings also take into account an individual fund's performance within its Lipper peer universe. Lipper calculated each fund's net total return for the year ended December 31, 2020, minus the effects of 12b-1 fees and sales charges. Each fund in the survey was given a percentile ranking with 100 the highest and 1 the lowest in its category. That ranking measured how a fund compared with its peer "universe," as tracked by Lipper, not just the funds in the survey. Individual fund scores were then multiplied by the 2020 weighting of their Barron's ranking category as determined by the entire Lipper universe of funds. Those fund scores were then totaled, creating an overall score and ranking for each fund family in the survey in each Barron's ranking category. The process is repeated for the five- and ten-year rankings as well.

Barron's Fund Family Rankings are awarded annually.

To qualify for the ranking, firms must offer at least three active mutual funds or actively run ETFs in Lipper’s general U.S. stock category; one in world equity; and one mixed asset, such as a balanced or allocation fund. They also need to offer at least two taxable bond funds and one national tax-exempt bond fund. All funds must have a track record of at least one year. While the ranking excludes index funds, it does include actively managed ETFs and “smart beta” ETFs, which are run passively but built on active investment strategies.

© Refinitiv Lipper 2021. All Rights Reserved. Refinitiv, an LSEG (London Stock Exchange Group) business, is one of the world’s largest providers of financial markets data and infrastructure. Lipper provides global, independent fund performance data. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper.

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.

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by Standard & Poor’s Financial Services, LLC, and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, © 2011 American Bankers Association. “CUSIP” is a registered trademark of the American Bankers Association.

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.

Fund finder

Securing a sustainable future forour clients, our people, and our world. Inspired by our mission, we are committed to creating long-term financial security for our clients, empowering our people, advancing our communities, and ensuring a vibrant future for our planet.

Awards & Accolades

Error!

Error!

Error!

Tracked Funds

Quick Links

Pending Orders

LOG IN TO CONTINUE

LOG IN

QUICK LINKS

window.LAData = window.LAData || {}; window.LAData['react-retailMobileNavigation'] = { containerType: 'RetailMobileNavigation', };

Financial Professional

Verify Your Email Address

I have not received my verification email.

I'm still having trouble

REGISTER AT LORDABBETT.COM

FORGOT YOUR LORDABBETT.COM PASSWORD?

Financial Professionals

Forgot Password

Thank you.

Financial Professional*

ACCESS OTHER ACCOUNTS

Individual Investors

Small Business Plan Sponsors

Reset Your Password

Financial Professionals*

Confirmation Message

Share

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 04/21/2021

30-Day Standardized Yield 2 as of 03/31/2021

Fund Basicsas of 03/31/2021

Fund Expense Ratio :

1.20%

Fund Expense Ratio :

1.20%

Fund Expense Ratio :

1.20%

Fund Expense Ratio :

1.20%

RELATED CONTENT

Credit Quality Distribution as of 03/31/2021 View Portfolio

INVESTMENT TEAM

Contact a Representative

Performance

Performance

Dividend Yield 1 as of 04/21/2021

30-Day Standardized Yield 2 as of 03/31/2021

Fund Expense Ratio :

1.20%

Fund Expense Ratio :

1.20%

Fund Expense Ratio :

1.20%

Fund Expense Ratio :

1.20%

NAV Historical Prices

Portfolio

Portfolio

Credit Quality Distribution as of 03/31/2021

Portfolio Positioning as of 12/31/2020

Portfolio Details as of 03/31/2021

Sector Allocationas of 03/31/2021

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

Dividend Payments

Upcoming Dividend Payment Dates

Capital Gains Distributions

Upcoming Capital Gain Distribution

Fees & Expenses

Securing a sustainable future for
our clients, our people, and our world.

Inspired by our mission, we are committed to creating long-term financial security for our clients, empowering our people, advancing our communities, and ensuring a vibrant future for our planet.

Dividend Yield ¹ as of 04/21/2021

30-Day Standardized Yield ² as of 03/31/2021

Dividend Yield ¹ as of 04/21/2021

30-Day Standardized Yield ² as of 03/31/2021