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High Yield Fund

Daily price w/o sales charge as of 07/23/2019

$7.53

arrowUp$0.02

YTD Returns w/o sales charge as of 07/23/2019

12.00%

Overall Morningstar Ratings

High Yield Bond
as of 06/30/2019

Morningstar rated the Lord Abbett High Yield Fund class R3 share 4, 4 and 4 stars among 610, 524 and 337 High Yield Bond Funds for the overall rating and the 3, 5 and 10 year periods ended 6/30/2019, respectively.

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

Click here to view all legal text including risk information

Summary

Summary

What is the 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 07/23/2019  

w/o sales charge 5.34%

30-Day Standardized Yield 2 as of 06/30/2019  

4.76%

Fund Basicsas of 06/28/2019

Total Net Assets
$6.86 B
Inception Date
09/28/2007
Dividend Frequency
Monthly
Fund Expense Ratio
1.20%
Number of Holdings
638

Fund Expense Ratio :

1.20%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/28/2007
w/o sales charge 11.35% 6.68% 6.99% 4.50% 9.06% 7.12%
Lipper Category Avg. High Yield Funds 9.47% 6.54% 6.50% 3.61% 7.96% -
ICE BofAML U.S. High Yield Constrained Index 10.15% 7.58% 7.54% 4.70% 9.20% 7.32%

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 11.35% 6.68% 6.99% 4.50% 9.06% 7.12%
Lipper Category Avg. High Yield Funds 9.47% 6.54% 6.50% 3.61% 7.96% -
ICE BofAML U.S. High Yield Constrained Index 10.15% 7.58% 7.54% 4.70% 9.20% 7.32%

Fund Expense Ratio :

1.20%

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

RELATED CONTENT

Our Answers to Six Key Valuation Questions
July 15, 2019

Here, we attempt to sort out the current investment environment—and whether select asset classes still present attractive opportunities.

U.S. High Yield: Lessons from the Recent Volatility
February 11, 2019

Rather than trying to anticipate short-term price moves, we believe investors would be better served by focusing on the asset class’s long-term history of risk-adjusted returns.

High Yield: Holding Up in 2018
August 6, 2018

So far in 2018, high yield has outperformed investment grade, with lower-rated issues leading the way.

Type 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.

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

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

Credit Quality Distribution as of 06/28/2019 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
Steven F. Rocco, CFA

Partner & Director of Taxable Fixed Income

18 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Chief Investment Officer

28 Years of Industry Experience

Christopher Gizzo
Christopher Gizzo, CFA

Managing Director & Portfolio Manager

11 Years of Industry Experience

Supported By 68 Investment Professionals with 15 Years Avg. Industry Experience

Contact a Representative

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

Performance

Performance

Dividend Yield 1 as of 07/23/2019  

w/o sales charge 5.34%

30-Day Standardized Yield 2 as of 06/30/2019  

  Subsidized3 Un-Subsidized4
w/o sales charge 4.76% 4.76%

Fund Expense Ratio :

1.20%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/28/2007
w/o sales charge 11.35% 6.68% 6.99% 4.50% 9.06% 7.12%
Lipper Category Avg. High Yield Funds 9.47% 6.54% 6.50% 3.61% 7.96% -
ICE BofAML U.S. High Yield Constrained Index 10.15% 7.58% 7.54% 4.70% 9.20% 7.32%

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 11.35% 6.68% 6.99% 4.50% 9.06% 7.12%
Lipper Category Avg. High Yield Funds 9.47% 6.54% 6.50% 3.61% 7.96% -
ICE BofAML U.S. High Yield Constrained Index 10.15% 7.58% 7.54% 4.70% 9.20% 7.32%

Fund Expense Ratio :

1.20%

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

Year Fund Returns ICE BofAML U.S. High Yield Constrained Index
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% 15.07%
2009 50.25% 58.10%
2008 -23.27% -
2007 1.67% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2019 7.39% 3.69% - - 12.00%
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

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
1-2.99 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 06/28/2019

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.

Portfolio Positioning as of 6/30/2019

  • High yield bonds posted positive returns over the quarter, outperforming the investment grade market, as represented by the Bloomberg Barclays U.S. Aggregate Bond Index.
  • The portfolio remains overweight the basic industry sector, specifically to the building products and homebuilders segments, although we brought down the portfolio’s allocation to trade-sensitive segments such as metals, industrials, and chemicals over the quarter.
  • The portfolio remains underweight the energy sector. Although we believe that the demand picture should improve as a result of easing trade tensions, we see oversupply issues that will likely lead to downward pressure in oil prices in the back half of the year.
  • The telecom sector remains the portfolio’s largest underweight, as we believe that, 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. We believe select exposures to these sectors offer attractive risk-reward opportunities, potential portfolio diversification benefits and avenues for liquidity.
  • We continue to believe that general economic fundamentals and strong expected earnings growth will favor the lower-rated segments of the high yield market. We expect default rates to remain subdued and believe that high yield spreads can grind tighter from current levels.

Portfolio Details as of 06/28/2019

Total Net Assets
$6.86 B
Number of Issues
638
Average Coupon
6.43%
Average Maturity
6.52 Years
Average Effective Duration
3.93 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 1.9%
DISH DBS Corp. 7.750% 07/01/2026 1.0%
Ally Financial, Inc. 8.000% 11/01/2031 0.9%
CCO Holdings LLC / CCO Holdings Capital Corp. 5.875% 05/01/2027 0.7%
Tenet Healthcare Corp. 5.125% 05/01/2025 0.6%
Numericable Group S.A. 7.375% 05/01/2026 0.6%
Tesla Motors, Inc. 5.300% 08/15/2025 0.6%
TransDigm, Inc. 6.375% 06/15/2026 0.6%
Netflix, Inc. 3.625% 05/15/2027 0.5%
Calpine Corp. 5.750% 01/15/2025 0.5%
% of Total Assets 7.9%

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
Sprint Capital Corp.6.875% 11/15/20281.9%
Ally Financial, Inc.8.000% 11/01/20310.8%
DISH DBS Corp.7.750% 07/01/20260.8%
T-Mobile USA, Inc.6.500% 01/15/20260.7%
CCO Holdings LLC / CCO Holdings Capital Corp.5.875% 05/01/20270.7%
Tenet Healthcare Corp.5.125% 05/01/20250.6%
Numericable Group S.A.7.375% 05/01/20260.6%
Tesla Motors, Inc.5.300% 08/15/20250.6%
TransDigm, Inc.6.375% 06/15/20260.6%
Calpine Corp.5.750% 01/15/20250.5%
CCO Holdings LLC / CCO Holdings Capital Corp.5.125% 05/01/20270.5%
Intelsat Jackson Holdings SA5.500% 08/01/20230.5%
Netflix, Inc.3.625% 05/15/20270.5%
Freeport-McMoRan, Inc.3.875% 03/15/20230.5%
CCO Holdings LLC / CCO Holdings Capital Corp.5.750% 02/15/20260.5%
General Electric Co.5.000% 12/31/20990.5%
HCA, Inc.5.500% 06/15/20470.5%
Springleaf Finance Corp.6.125% 03/15/20240.5%
RegionalCare Hospital Partners Holdings Inc / Life9.750% 12/01/20260.5%
Albertsons Cos LLC / Safeway, Inc. / New Albertson6.625% 06/15/20240.5%
CSC Holdings LLC5.500% 04/15/20270.4%
United Rentals, Inc.4.875% 01/15/20280.4%
Netflix, Inc.5.875% 02/15/20250.4%
MEG Energy Corp.7.000% 03/31/20240.4%
CSC Holdings LLC10.875% 10/15/20250.4%
Valeant Pharmaceuticals International, Inc.8.500% 01/31/20270.4%
Cheniere Corpus Christi Holdings LLC5.875% 03/31/20250.4%
Altice Luxembourg SA7.750% 05/15/20220.4%
Navient Corp.6.125% 03/25/20240.4%
Verscend Escrow Corp9.750% 08/15/20260.4%
NRG Energy, Inc.5.750% 01/15/20280.4%
DKT Finance ApS9.375% 06/17/20230.4%
Cheniere Corpus Christi Holdings LLC5.125% 06/30/20270.3%
CF Industries, Inc.5.150% 03/15/20340.3%
Western Digital Corp.4.750% 02/15/20260.3%
Sirius XM Radio, Inc.5.000% 08/01/20270.3%
California Resources Corp.8.000% 12/15/20220.3%
TransDigm, Inc.6.250% 03/15/20260.3%
Navient Corp.6.750% 06/25/20250.3%
Numericable Group S.A.8.125% 02/01/20270.3%
MGM Resorts International4.625% 09/01/20260.3%
Centene Corp.4.750% 01/15/20250.3%
Match Group, Inc.5.000% 12/15/20270.3%
AMC Networks, Inc.4.750% 08/01/20250.3%
RBS Global & Rexnord Corp.4.875% 12/15/20250.3%
Diamondback Energy, Inc.4.750% 11/01/20240.3%
Molina Healthcare, Inc.4.875% 06/15/20250.3%
ViaSat, Inc.5.625% 04/15/20270.3%
Pacific Gas & Electric Co.6.050% 03/01/20340.3%
Bombardier, Inc.7.500% 03/15/20250.3%
Sinclair Broadcast Group, Inc.5.125% 02/15/20270.3%
Chesapeake Energy Corp.7.000% 10/01/20240.3%
Ziggo BV5.500% 01/15/20270.3%
CSL Capital, LLC8.250% 10/15/20230.3%
Tenet Healthcare Corp.6.750% 06/15/20230.3%
Drive Chassis Holdco LLC10.834% 04/10/20260.3%
Century Communities, Inc.5.875% 07/15/20250.3%
Tenet Healthcare Corp.6.250% 02/01/20270.3%
Yingde Gases Investment Ltd6.250% 01/19/20230.3%
Community Health Systems, Inc.8.000% 11/15/20190.3%
Ingevity Corp.4.500% 02/01/20260.3%
CIT Group, Inc.6.125% 03/09/20280.3%
Mueller Water Products, Inc.5.500% 06/15/20260.3%
MSCI, Inc.5.750% 08/15/20250.3%
Magnolia Oil & Gas Operating LLC / Magnolia Oil &6.000% 08/01/20260.3%
Rio Oil Finance Trust Series 2018-18.200% 04/06/20280.3%
Pulte Group, Inc.5.000% 01/15/20270.3%
VOC Escrow Ltd5.000% 02/15/20280.3%
CSC Holdings LLC6.500% 02/01/20290.3%
IRB Holding Corp6.750% 02/15/20260.2%
Apergy Corp6.375% 05/01/20260.2%
Oasis Petroleum, Inc.6.250% 05/01/20260.2%
Summit Materials LLC5.125% 06/01/20250.2%
Popular, Inc.6.125% 09/14/20230.2%
JBS USA LLC/JBS USA Finance, Inc.6.750% 02/15/20280.2%
Ashland, Inc.6.875% 05/15/20430.2%
Brand Energy & Infrastructure Services Inc8.500% 07/15/20250.2%
Mclaren Finance PLC5.000% 08/01/20220.2%
Citgo Holding, Inc.10.750% 02/15/20200.2%
Churchill Downs, Inc.4.750% 01/15/20280.2%
Synovus Financial Corp.5.900% 02/07/20290.2%
PetSmart, Inc.5.875% 06/01/20250.2%
CONSOL Energy Inc11.000% 11/15/20250.2%
Beacon Roofing Supply, Inc.4.875% 11/01/20250.2%
Centene Corp.5.375% 06/01/20260.2%
Valeant Pharmaceuticals International, Inc.5.875% 05/15/20230.2%
Ortho-Clinical Diagnostics Inc / Ortho-Clinical Di6.625% 05/15/20220.2%
CNO Financial Group, Inc.5.250% 05/30/20250.2%
Mattel, Inc.6.750% 12/31/20250.2%
Globalfoundries Inc0.000% 05/23/20260.2%
MPT Operating Partnership L.P.5.000% 10/15/20270.2%
Tapstone Energy LLC / Tapstone Energy Finance Corp9.750% 06/01/20220.2%
Netflix, Inc.4.625% 05/15/20290.2%
Baffinland Iron Mines Corp / Baffinland Iron Mines8.750% 07/15/20260.2%
Builders FirstSource, Inc.6.750% 06/01/20270.2%
Wabtec Corp.3.450% 11/15/20260.2%
HCA, Inc.8.360% 04/15/20240.2%
Lennar Corp.4.750% 05/30/20250.2%
Cemig Geracao e Transmissao SA9.250% 12/05/20240.2%
DaVita, Inc.5.000% 05/01/20250.2%
BEP Ulterra Holdings Inc.7.733% 11/26/20250.2%
Conn's, Inc.7.250% 07/15/20220.2%
Jagged Peak Energy LLC5.875% 05/01/20260.2%
Equinix, Inc.2.875% 02/01/20260.2%
Ball Corp.4.875% 03/15/20260.2%
Sensata Technologies BV5.625% 11/01/20240.2%
Geo Group, Inc.6.000% 04/15/20260.2%
Sandy Creek Energy Associates5.000% 11/09/20200.2%
Altice Financing S.A.7.500% 05/15/20260.2%
Covanta Holding Corp.6.000% 01/01/20270.2%
Everi Payments Inc7.500% 12/15/20250.2%
Under Armour, Inc.3.250% 06/15/20260.2%
PGT Escrow Issuer Inc6.750% 08/01/20260.2%
Brink's Co/The4.625% 10/15/20270.2%
Penn National Gaming, Inc.5.625% 01/15/20270.2%
II-VI Inc0.000% 03/08/20260.2%
Hilton Domestic Operating Co, Inc.5.125% 05/01/20260.2%
BankUnited, Inc.4.875% 11/17/20250.2%
Post Holdings, Inc.5.500% 03/01/20250.2%
Waste Pro USA Inc5.500% 02/15/20260.2%
Macquarie Bank Ltd./London6.125% 03/08/21670.2%
Tullow Oil plc7.000% 03/01/20250.2%
Frontera Generation Hold6.717% 05/02/20250.2%
Berry Petroleum Co.7.000% 02/15/20260.2%
Rockies Express Pipeline LLC6.875% 04/15/20400.2%
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell o5.000% 06/01/20240.2%
Micron Technology, Inc.5.327% 02/06/20290.2%
Callon Petroleum Co.6.125% 10/01/20240.2%
NGPL Pipeco LLC4.875% 08/15/20270.2%
Intesa Sanpaolo SpA5.710% 01/15/20260.2%
Caesars Palace Las Vegas Trust 2017-VICI4.354% 10/15/20340.2%
Aston Martin Capital Holdings Ltd6.500% 04/15/20220.2%
Buena Vista Gaming Authority13.000% 04/01/20230.2%
SM Energy Co.6.625% 01/15/20270.2%
Cogent Communications Group, Inc.5.375% 03/01/20220.2%
Hub International Ltd.7.000% 05/01/20260.2%
Eldorado Resorts, Inc.6.000% 04/01/20250.2%
Blue Cube Spinco, Inc.10.000% 10/15/20250.2%
Sinclair Broadcast Group, Inc.5.875% 03/15/20260.2%
CSN Resources SA7.625% 04/17/20260.2%
Williams Scotsman International Inc6.875% 08/15/20230.2%
Centennial Resource Production LLC5.375% 01/15/20260.2%
Shea Homes LP / Shea Homes Funding Corp.6.125% 04/01/20250.2%
GCI LLC6.875% 04/15/20250.2%
KeyCorp.5.000% 12/31/20990.2%
AHP Health Partners Inc9.750% 07/15/20260.2%
Booz Allen Hamilton, Inc.5.125% 05/01/20250.2%
Hillman Group, Inc.6.375% 07/15/20220.2%
Azul Investments LLP5.875% 10/26/20240.2%
Precision Drilling Corp.5.250% 11/15/20240.2%
Tronox Finance PLC5.750% 10/01/20250.2%
W&T Offshore, Inc.9.750% 11/01/20230.2%
Intelsat Jackson Holdings SA8.500% 10/15/20240.2%
Exterran Energy Solutions L.P. / EES Finance Corp.8.125% 05/01/20250.2%
Banff Merger Sub Inc9.750% 09/01/20260.2%
Noble Holding International Ltd.7.875% 02/01/20260.2%
Genworth Holdings Inc4.900% 08/15/20230.2%
SPX FLOW, Inc.5.625% 08/15/20240.2%
EW Scripps Co.5.125% 05/15/20250.2%
Horizon Pharma USA Inc8.750% 11/01/20240.2%
Toll Brothers Finance Corp.4.875% 03/15/20270.2%
Surgery Center Holdings, Inc.10.000% 04/15/20270.2%
FAGE International SA/ FAGE USA Dairy Industry Inc5.625% 08/15/20260.2%
Denbury Resources, Inc.5.500% 05/01/20220.2%
William Carter Co.5.625% 03/15/20270.2%
Rede D'or Finance Sarl4.950% 01/17/20280.2%
TRI Pointe Homes LLC5.250% 06/01/20270.2%
NextEra Energy Operating Partners LP4.500% 09/15/20270.2%
HCA, Inc.7.500% 12/15/20230.2%
Gray Television, Inc.7.000% 05/15/20270.2%
Lamb Weston Holdings, Inc.4.875% 11/01/20260.2%
Aegea Finance Sarl5.750% 10/10/20240.2%
Nine Energy Service Inc8.750% 11/01/20230.2%
Belo Corp.7.250% 09/15/20270.2%
Enterprise Development Authority/The12.000% 07/15/20240.2%
WPX Energy, Inc.5.250% 09/15/20240.2%
AMC Networks, Inc.5.000% 04/01/20240.2%
Intertape Polymer Group Inc7.000% 10/15/20260.2%
Gray Television, Inc.5.875% 07/15/20260.2%
Yum! Brands, Inc.5.350% 11/01/20430.2%
Cheniere Energy Partners LP5.625% 10/01/20260.2%
HCA, Inc.5.875% 02/01/20290.2%
Autopistas del Sol SA/Costa Rica7.375% 12/30/20300.2%
Oceaneering International, Inc.6.000% 02/01/20280.2%
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell o4.750% 06/01/20270.2%
Southwestern Energy Co.7.750% 10/01/20270.2%
Texas Capital Bank NA/Dallas TX5.250% 01/31/20260.2%
Williams Scotsman International Inc7.875% 12/15/20220.2%
CSI Compressco LP / CSI Compressco Finance Inc7.500% 04/01/20250.2%
Clear Channel Worldwide Holdings, Inc.9.250% 02/15/20240.2%
Hadrian Merger Sub Inc8.500% 05/01/20260.2%
William Lyon Homes, Inc.5.875% 01/31/20250.2%
Rumo Luxembourg Sarl5.875% 01/18/20250.2%
CNO Financial Group, Inc.5.250% 05/30/20290.2%
Ingles Markets, Inc.5.750% 06/15/20230.2%
Ladder Capital Finance Holdings LLC/Ladder Capital5.250% 10/01/20250.2%
Credit Suisse Group AG7.250% 09/12/21680.2%
Marriott Ownership Resorts Inc / ILG LLC6.500% 09/15/20260.2%
MEG Energy Corp.6.500% 01/15/20250.2%
Air Medical Group Holdings, Inc.6.375% 05/15/20230.2%
Twin River Worldwide Holdings Inc6.750% 06/01/20270.2%
Berry Global Escrow Corp4.875% 07/15/20260.2%
TopBuild Corp.5.625% 05/01/20260.2%
Century Communities, Inc.6.750% 06/01/20270.2%
DaVita, Inc.5.125% 07/15/20240.2%
H&E Equipment Services, Inc.5.625% 09/01/20250.2%
Jonah Energy LLC / Jonah Energy Finance Corp7.250% 10/15/20250.2%
Community Health Systems, Inc.8.000% 03/15/20260.2%
Electricite de France SA5.625% 01/22/21640.2%
Matterhorn Merger Sub LLC / Matterhorn Finance Sub8.500% 06/01/20260.2%
Altice Luxembourg SA10.500% 05/15/20270.2%
Banff Merger Sub Inc8.375% 09/01/20260.2%
Boyd Gaming Corp.6.000% 08/15/20260.2%
Service Corp. International4.625% 12/15/20270.2%
Steel Dynamics, Inc.4.125% 09/15/20250.2%
Orchestra Borrower LLC / Orchestra Co-Issuer Inc6.750% 06/15/20220.2%
Pharmaceutical Product Development LLC6.375% 08/01/20230.2%
Fair Isaac Corp.5.250% 05/15/20260.2%
Masonite International Corp.5.750% 09/15/20260.2%
Itron, Inc.5.000% 01/15/20260.2%
Wendy's International, Inc.7.000% 12/15/20250.2%
j2 Cloud Services LLC / j2 Global Co-Obligor Inc6.000% 07/15/20250.2%
Longview Power8.590% 03/25/20210.2%
Country Garden Holdings Co. Ltd.5.125% 01/17/20250.2%
WellCare Health Plans, Inc.5.250% 04/01/20250.2%
Univision Communications Inc.5.233% 03/15/20240.2%
Surgery Center Holdings, Inc.6.750% 07/01/20250.2%
UAL Corp.4.875% 01/15/20250.2%
West Street Merger Sub Inc6.375% 09/01/20250.2%
Pactiv Corp.7.950% 12/15/20250.2%
VeriSign, Inc.5.250% 04/01/20250.2%
SM Energy Co.6.750% 09/15/20260.2%
United Rentals, Inc.5.250% 01/15/20300.2%
Diebold, Inc.8.500% 04/15/20240.2%
Mercadolibre, Inc.2.000% 08/15/20280.2%
Meredith Corp.6.875% 02/01/20260.2%
InterXion Holding NV4.750% 06/15/20250.2%
JB Poindexter & Co., Inc.7.125% 04/15/20260.2%
Ashton Woods USA LLC / Ashton Woods Finance Co.6.750% 08/01/20250.2%
U.S. Silica Company6.500% 05/01/20250.2%
Kratos Defense & Security Solutions Inc6.500% 11/30/20250.2%
WeWork Cos Inc7.875% 05/01/20250.2%
Southern Star Central Corp.5.125% 07/15/20220.2%
Hilcorp Energy L.P. / Hilcorp Finance Co.5.000% 12/01/20240.2%
Cheniere Energy Partners LP5.250% 10/01/20250.1%
ESH Hospitality, Inc.5.250% 05/01/20250.1%
VF Holding Corp9.733% 07/02/20260.1%
Techem Verwaltungsgesellschaft 674 mbH6.000% 07/30/20260.1%
Provident Funding Associates L.P. / PFG Finance Co6.375% 06/15/20250.1%
Uber Technologies Inc8.000% 11/01/20260.1%
Stonegate Pub Company Financing PLC4.875% 03/15/20220.1%
Realogy Group LLC / Realogy Co-Issuer Corp9.375% 04/01/20270.1%
Guitar Center, Inc.9.500% 10/15/20210.1%
Wolverine World Wide, Inc.5.000% 09/01/20260.1%
Huntington Bancshares, Inc.5.700% 12/31/20990.1%
Garda World Security Corp8.750% 05/15/20250.1%
Rain CII Carbon LLC7.250% 04/01/20250.1%
Chobani LLC / Chobani Finance Corp Inc7.500% 04/15/20250.1%
Everbridge, Inc.1.500% 11/01/20220.1%
Mercer International, Inc.5.500% 01/15/20260.1%
Promontoria Holding 264 BV6.750% 08/15/20230.1%
Barminco Finance Pty Ltd.6.625% 05/15/20220.1%
Virgin Media Secured Finance plc4.875% 01/15/20270.1%
Boyne USA Inc7.250% 05/01/20250.1%
Sealed Air Corp.6.875% 07/15/20330.1%
Roku Inc0.000% -0.1%
Rockpoint Gas Storage Canada Ltd7.000% 03/31/20230.1%
Garrett LX I Sarl / Garrett Borrowing LLC5.125% 10/15/20260.1%
Helix Gen Funding, LLC6.233% 06/03/20240.1%
Carrizo Oil & Gas, Inc.8.250% 07/15/20250.1%
Tenet Healthcare Corp.7.000% 08/01/20250.1%
Quicken Loans Inc5.250% 01/15/20280.1%
Brazos Valley Longhorn LLC / Brazos Valley Longhor6.875% 02/01/20250.1%
BCD Acquisition, Inc.9.625% 09/15/20230.1%
Transocean Poseidon Ltd6.875% 02/01/20270.1%
Millicom International Cellular S.A.6.625% 10/15/20260.1%
MPH Acquisition Holdings LLC7.125% 06/01/20240.1%
Extraction Oil & Gas Inc7.375% 05/15/20240.1%
Eoc Group Inc5.727% 02/28/20250.1%
New Gold, Inc.6.250% 11/15/20220.1%
Chaparral Energy, Inc.8.750% 07/15/20230.1%
Polaris Intermediate Corp8.500% 12/01/20220.1%
Coeur Mining, Inc.5.875% 06/01/20240.1%
Targa Resources Partners L.P.5.375% 02/01/20270.1%
CDW Corp.5.500% 12/01/20240.1%
Thor Industries, Inc.6.250% 02/01/20260.1%
Indigo Natural Resources LLC6.875% 02/15/20260.1%
Summit Materials LLC6.500% 03/15/20270.1%
Netflix, Inc.3.875% 11/15/20290.1%
Salem Communications Corp.6.750% 06/01/20240.1%
SPCM S.A.4.875% 09/15/20250.1%
Tenneco, Inc.5.000% 07/15/20260.1%
Exterran Partners L.P. / EXLP Finance Corp.6.875% 04/01/20270.1%
PDC Energy, Inc.6.125% 09/15/20240.1%
Acrisure LLC / Acrisure Finance Inc8.125% 02/15/20240.1%
Mobile Mini, Inc.5.875% 07/01/20240.1%
Inter Media and Communication SpA4.875% 12/31/20220.1%
Oceaneering International, Inc.4.650% 11/15/20240.1%
Hilcorp Energy L.P. / Hilcorp Finance Co.5.750% 10/01/20250.1%
Forming Machining Indust6.746% 10/09/20250.1%
Clearway Energy Operating LLC5.750% 10/15/20250.1%
Murphy Oil USA, Inc.5.625% 05/01/20270.1%
Intelsat Luxembourg S.A.8.125% 06/01/20230.1%
Hill-Rom Holdings, Inc.5.000% 02/15/20250.1%
OCI NV6.625% 04/15/20230.1%
WPX Energy, Inc.5.750% 06/01/20260.1%
NSG Holdings LLC / NSG Holdings, Inc.7.750% 12/15/20250.1%
Fresh Market, Inc.9.750% 05/01/20230.1%
Alliant Holdings Intermediate LLC8.250% 08/01/20230.1%
HCA, Inc.5.375% 02/01/20250.1%
AES Corp.4.500% 03/15/20230.1%
Dutch Lion BV11.250% 06/15/20200.1%
Hawaiian Airlines Class B Pass Through Certificate4.950% 01/15/20220.1%
Targa Resources Partners L.P.4.250% 11/15/20230.1%
Bristow Group, Inc.8.750% 03/01/20230.1%
Ahern Rentals, Inc.7.375% 05/15/20230.1%
Laureate Education, Inc.8.250% 05/01/20250.1%
Pulte Group, Inc.6.375% 05/15/20330.1%
Trident Merger Sub Inc6.625% 11/01/20250.1%
Compass Minerals International, Inc.4.875% 07/15/20240.1%
Netflix, Inc.4.875% 04/15/20280.1%
Cardtronics Inc / Cardtronics USA Inc5.500% 05/01/20250.1%
Veeva Systems, Inc.0.000% -0.1%
General Motors Financial Co., Inc.5.650% 01/17/20290.1%
Steel Dynamics, Inc.5.000% 12/15/20260.1%
Antero Midstream Partners L.P. / Antero Midstream5.375% 09/15/20240.1%
IAA Spinco Inc5.500% 06/15/20270.1%
Provincia de la Rioja9.750% 02/24/20250.1%
Caesars Palace Las Vegas Trust 2017-VICI4.354% 10/15/20340.1%
Energizer Holdings, Inc.6.375% 07/15/20260.1%
Beyond Meat Inc0.000% -0.1%
Targa Resources Partners L.P.5.875% 04/15/20260.1%
Freshpet, Inc.0.000% -0.1%
Merlin Entertainments PLC5.750% 06/15/20260.1%
Tempo Acquisition LLC / Tempo Acquisition Finance6.750% 06/01/20250.1%
Marble II Pte Ltd.5.300% 06/20/20220.1%
Transocean Pontus Ltd6.125% 08/01/20250.1%
Sanchez Energy Corp.7.250% 02/15/20230.1%
Fastly Inc0.000% -0.1%
Provincia de Rio Negro7.750% 12/07/20250.1%
Lovesac Co/The0.000% -0.1%
Topgolf International, Inc.7.990% 02/09/20260.1%
Schaeffler Verwaltung Zwei GmbH4.750% 09/15/20260.1%
Kernel Holding SA8.750% 01/31/20220.1%
GOBP Holdings Inc.9.658% 10/22/20260.1%
Ritchie Bros Auctioneers, Inc.5.375% 01/15/20250.1%
Central American Bottling Corp.5.750% 01/31/20270.1%
AES Corp.5.125% 09/01/20270.1%
Trade Me Group Ltd6.826% 05/01/20260.1%
William Lyon Homes, Inc.6.000% 09/01/20230.1%
SPX FLOW, Inc.5.875% 08/15/20260.1%
MHP Lux SA6.950% 04/03/20260.1%
Holly Energy Partners L.P. / Holly Energy Finance6.000% 08/01/20240.1%
Lower Cadence Holdings L6.436% 05/08/20260.1%
Sprint Corp.7.625% 03/01/20260.1%
Tandem Diabetes Care, Inc.0.000% -0.1%
WTT Investment Ltd/Hong Kong5.500% 11/21/20220.1%
York Risk Services Holding Corp8.500% 10/01/20220.1%
Transocean Proteus Ltd.6.250% 12/01/20240.1%
Stoneway Capital Corp10.000% 03/01/20270.1%
Eskom Holdings SOC Ltd.8.450% 08/10/20280.1%
Buenos Aires, Argentina7.500% 06/01/20270.1%
Dole Food Co., Inc.7.250% 06/15/20250.1%
Shockwave Medical Inc0.000% -0.1%
Wabash National Corp.5.500% 10/01/20250.1%
Yak Access LLC12.319% 07/10/20260.1%
Wyndham Hotels & Resorts Inc5.375% 04/15/20260.1%
Werner FinCo LP / Werner FinCo Inc8.750% 07/15/20250.1%
Elwood Energy LLC8.159% 07/05/20260.1%
Zscaler Inc0.000% -0.1%
Excelitas Technologies10.096% 11/15/20250.1%
Elanco Animal Health Inc4.900% 08/28/20280.1%
W/S Packaging Holdings Inc9.000% 04/15/20230.1%
Permian Resources LLC / AEPB Finance Corp.13.000% 11/30/20200.1%
Qorvo, Inc.5.500% 07/15/20260.1%
Trimas Corp.4.875% 10/15/20250.1%
Darling Global Finance BV3.625% 05/15/20260.1%
New Enterprise Stone & Lime Co., Inc.6.250% 03/15/20260.1%
Hilcorp Energy L.P. / Hilcorp Finance Co.6.250% 11/01/20280.1%
NESCO LLC / NESCO Finance Corp6.875% 02/15/20210.1%
Kuehg Corp10.851% 08/15/20250.1%
Gateway Casinos & Entertainment Ltd8.250% 03/01/20240.1%
Revlon, Inc. Class A5.571% 09/07/20230.1%
Amsted Industries, Inc.5.625% 07/01/20270.1%
Stena AB7.000% 02/01/20240.1%
Sonic Automotive, Inc.6.125% 03/15/20270.1%
KGA Escrow LLC7.500% 08/15/20230.1%
Weight Watchers International, Inc.8.625% 12/01/20250.1%
Sally Holdings LLC / Sally Capital, Inc.5.625% 12/01/20250.1%
Eterna Capital Pte Ltd8.000% 12/11/20220.1%
Great Lakes Dredge & Dock Corp.8.000% 05/15/20220.1%
Murphy Oil Corp.6.875% 08/15/20240.1%
American Woodmark Corp.4.875% 03/15/20260.1%
Entercom Media Corp6.500% 05/01/20270.1%
Altice Luxembourg SA7.625% 02/15/20250.1%
Ziggo Bond Co. BV5.875% 01/15/20250.1%
Nokia Corp.4.375% 06/12/20270.1%
Allegheny Technologies, Inc.7.875% 08/15/20230.1%
Golar LNG Partners L.P.8.934% 05/18/20210.1%
Community Health Systems, Inc.5.125% 08/01/20210.1%
Navicure Inc9.983% 10/31/20250.1%
SRC Energy Inc6.250% 12/01/20250.1%
Radiate Holdco LLC / Radiate Finance Inc6.625% 02/15/20250.1%
Geopark Ltd.6.500% 09/21/20240.1%
Eldorado Resorts, Inc.6.000% 09/15/20260.1%
Hunt Oil Co of Peru LLC Sucursal Del Peru6.375% 06/01/20280.1%
Stevens Holding Co Inc6.125% 10/01/20260.1%
MarketAxess Holdings, Inc.0.000% -0.1%
Fogo De Chao Inc6.648% 04/07/20250.1%
Acrisure LLC / Acrisure Finance Inc7.000% 11/15/20250.1%
Asbury Automotive Group, Inc.6.000% 12/15/20240.1%
Stars Group Holdings BV / Stars Group US Co-Borrow7.000% 07/15/20260.1%
Lonestar II Generation H7.610% 04/20/20260.1%
ServiceMaster Co LLC/The5.125% 11/15/20240.1%
Shake Shack, Inc.0.000% -0.1%
LBC Tank Terminals Holding Netherlands BV6.875% 05/15/20230.1%
Live Nation Entertainment, Inc.5.625% 03/15/20260.1%
HEICO Corp.0.000% -0.1%
Provincia de Mendoza Argentina8.375% 05/19/20240.1%
Sotheby's4.875% 12/15/20250.1%
Koppers, Inc.6.000% 02/15/20250.1%
Advanced Micro Devices, Inc.2.125% 09/01/20260.1%
Freedom Mortgage Corp8.250% 04/15/20250.1%
Provincia de Cordoba7.450% 09/01/20240.1%
Endeavor Energy Resources L.P.5.500% 01/30/20260.1%
Scotts Miracle-Gro Co.0.000% -0.1%
Louisiana-Pacific Corp.4.875% 09/15/20240.1%
Parsley Energy LLC5.625% 10/15/20270.1%
Latam Finance Ltd.7.000% 03/01/20260.1%
Delhi International Airport Pvt Ltd6.450% 06/04/20290.1%
Valeant Pharmaceuticals International, Inc.7.000% 03/15/20240.1%
Danaher Corp.0.000% 04/15/20220.1%
Telefonica Celular del Paraguay SA5.875% 04/15/20270.1%
Aspen Technology, Inc.0.000% -0.1%
Inmarsat Finance plc6.500% 10/01/20240.1%
Jacobs Entertainment, Inc.7.875% 02/01/20240.1%
Simmons Foods, Inc.7.750% 01/15/20240.1%
MRP Generation Holdings LLC9.359% 10/18/20220.1%
TGP Holdings III LLC11.101% 09/20/20250.1%
Bright Horizons Family Solutions, Inc.0.000% -0.1%
MGM Growth Properties Operating Partnership LP / M5.625% 05/01/20240.1%
Dell International LLC / EMC Corp6.020% 06/15/20260.1%
MSCI, Inc.0.000% -0.1%
Sage Therapeutics, Inc.0.000% -0.1%
Exgen Renewables IV, LLC5.630% 11/28/20240.1%
Dynagas LNG Partners L.P.6.250% 10/30/20190.1%
GCP Applied Technologies, Inc.5.500% 04/15/20260.1%
Bill Barrett Corp.7.000% 10/15/20220.1%
Terraform Global Operating LLC6.125% 03/01/20260.1%
Algeco Scotsman Global Finance plc8.000% 02/15/20230.1%
JD Power & Associates9.500% 06/09/20240.1%
Guardant Health Inc0.000% -0.1%
BIFM CA Buyer Inc0.000% 05/01/20260.1%
Bacardi Ltd.5.300% 05/15/20480.1%
Nemak S.A.B. de C.V.4.750% 01/23/20250.1%
Powerteam Services LLC9.851% 03/06/20260.1%
Bahia Sul Holdings GmbH6.000% 01/15/20290.1%
PCI Gaming Authority5.439% 05/15/20260.1%
DocuSign Inc0.500% 09/15/20230.1%
Novelis Corp.5.875% 09/30/20260.1%
Six Flags Entertainment Corp.4.875% 07/31/20240.1%
Performance Food Group, Inc.5.500% 06/01/20240.1%
MGIC Investment Corp.5.750% 08/15/20230.1%
Sugarhouse HSP Gaming Prop Mezz LP/Fin Corp.5.875% 05/15/20250.1%
Peabody Energy Corp.6.375% 03/31/20250.1%
SolarEdge Technologies, Inc.0.000% -0.1%
Shopify, Inc.0.000% -0.1%
Acadia Healthcare Co., Inc.5.625% 02/15/20230.1%
Teledyne Technologies, Inc.0.000% -0.1%
Theta Capital Pte Ltd.6.750% 10/31/20260.1%
Go Daddy Operating Co LLC / GD Finance Co Inc5.250% 12/01/20270.1%
ProAmpac PG Borrower LLC6.011% 11/20/20230.1%
Griffon Corp.5.250% 03/01/20220.1%
Mohegan Tribal Gaming Authority7.875% 10/15/20240.1%
Clearway Energy Operating LLC5.000% 09/15/20260.1%
Adient US LLC7.000% 05/15/20260.1%
Fox Factory Holding Corp.0.000% -0.1%
Britax Childcare4.500% 10/15/20200.1%
Flynn Restaurant Group5.983% 06/27/20250.1%
United Rentals, Inc.4.625% 10/15/20250.1%
Medallion Midland5.733% 10/31/20240.1%
Norbord, Inc.6.250% 04/15/20230.1%
Twitter, Inc.0.250% 06/15/20240.1%
Twilio, Inc.0.250% 06/01/20230.1%
DENTSPLY International, Inc.0.000% -0.1%
QuickSilver Inc.8.350% 04/08/20240.1%
Deckers Outdoor Corp.0.000% -0.1%
Kenan Advantage Group, Inc.7.875% 07/31/20230.1%
NVA Holdings Inc/United States6.875% 04/01/20260.1%
Match Group, Inc.0.000% -0.1%
Pyxus International Inc9.875% 07/15/20210.1%
Station Casinos LLC5.000% 10/01/20250.1%
Dover Corp.0.000% -0.1%
Optimas OE Solutions Holding LLC / Optimas OE Solu8.625% 06/01/20210.1%
Navistar International Corp.6.625% 11/01/20250.1%
Boston Beer Co., Inc.0.000% -0.1%
Altran Technologies9.233% 06/26/20260.1%
Keane Group Holdings LLC6.250% 05/19/20250.1%
DG Investment Intermediate Holdings 2, Inc. (aka Convergint Technologies Holdings, LLC)5.483% 02/03/20250.1%
Titan Acquisition Ltd / Titan Co-Borrower LLC7.750% 04/15/20260.1%
Cliffs Natural Resources, Inc.5.750% 03/01/20250.1%
Lululemon Athletica, Inc.0.000% -0.1%
CoStar Group, Inc.0.000% -0.1%
Cloud Crane LLC10.125% 08/01/20240.1%
Airxcel, Inc.7.252% 04/28/20250.1%
BBA US Holdings Inc5.375% 05/01/20260.1%
Moncler SpA0.000% -0.1%
Gibson Brands, Inc0.000% -0.1%
Commercial Barge Line11.233% 11/12/20200.1%
AssuredPartners Inc7.000% 08/15/20250.1%
Toll Brothers Finance Corp.4.350% 02/15/20280.1%
Chemours Co.4.000% 05/15/20260.1%
RegionalCare Hospital Partners Holdings Inc8.250% 05/01/20230.1%
Magnolia Oil & Gas Corp0.000% -0.1%
Denbury Resources, Inc.9.000% 05/15/20210.1%
QEP Resources, Inc.5.250% 05/01/20230.1%
Chart Industries, Inc.1.000% 11/15/20240.1%
Transocean Phoenix 2 Ltd.7.750% 10/15/20240.1%
Republic of Argentina6.875% 04/22/20210.1%
Province of Santa Fe6.900% 11/01/20270.1%
CPUK Finance Ltd4.875% 08/28/20250.1%
China Evergrande Group8.750% 06/28/20250.1%
Warrior Met Coal Inc8.000% 11/01/20240.1%
GW Pharmaceuticals plc0.000% -0.1%
Flynn Restaurant Group9.467% 06/29/20260.1%
First Solar, Inc.0.000% -0.1%
Pinnacle Bidco PLC6.375% 02/15/20250.1%
Teradyne, Inc.1.250% 12/15/20230.1%
Miller Homes Group Holdings PLC5.500% 10/15/20240.1%
Allison Transmission, Inc.5.000% 10/01/20240.1%
Del Frisco's Restaurant Grou8.500% 06/27/20250.1%
Cumberland Farms Inc6.750% 05/01/20250.1%
Netflix, Inc.5.875% 11/15/20280.1%
PG&E Corp5.029% 12/31/20200.1%
Cabot Oil & Gas Corp.0.000% -0.1%
Cheniere Corpus Christi Holdings LLC7.000% 06/30/20240.1%
Southwestern Energy Co.7.500% 04/01/20260.1%
Wyndham Worldwide Corp.6.350% 10/01/20250.1%
Molina Healthcare, Inc.5.375% 11/15/20220.1%
Levi Strauss & Co.3.375% 03/15/20270.1%
Hema Bondco II BV8.500% 01/15/20230.1%
Brown-Forman Corp.0.000% -0.1%
Flex Acquisition Co Inc7.875% 07/15/20260.1%
Chemours Co.5.375% 05/15/20270.1%
New Home Co, Inc./The7.250% 04/01/20220.1%
General Motors Co.5.000% 10/01/20280.1%
North American Lifting Holdings, Inc. (aka TNT Crane & Rigging, Inc)11.601% 11/26/20210.1%
Sanderson Farms, Inc.0.000% -0.1%
Buckeye Partners L.P.6.375% 01/22/20780.1%
Silk Road Medical Inc0.000% -0.1%
Mattel, Inc.5.450% 11/01/20410.1%
Owens Corning4.300% 07/15/20470.1%
Mercer International, Inc.7.375% 01/15/20250.1%
CIBT Solutions, Inc.9.210% 06/01/20250.1%
Mirion Technologies Inc6.698% 03/06/20260.1%
Owens Corning4.400% 01/30/20480.1%
American Axle & Manufacturing, Inc.6.250% 04/01/20250.1%
Service Corp. International5.125% 06/01/20290.1%
Gulfport Energy Corp.6.375% 05/15/20250.1%
Chemours Co.7.000% 05/15/20250.1%
Joseph T Ryerson & Son, Inc.11.000% 05/15/20220.1%
Gray Television, Inc.5.125% 10/15/20240.1%
MSCI, Inc.5.375% 05/15/20270.1%
Southern Graphics Inc9.983% 11/22/20230.1%
Lamb Weston Holdings, Inc.4.625% 11/01/20240.1%
Darling International, Inc.5.250% 04/15/20270.1%
Medplast Holdings Inc10.071% 06/22/20260.1%
NRG Energy, Inc.5.250% 06/15/20290.1%
Moxie Patriot LLC8.351% 12/19/20200.1%
Claire's Stores, Inc.0.000% -0.1%
Valeant Pharmaceuticals International, Inc.7.250% 05/30/20290.1%
Targa Resources Partners L.P.6.500% 07/15/20270.1%
Wyndham Worldwide Corp.5.750% 04/01/20270.1%
Berry Global Escrow Corp5.625% 07/15/20270.1%
Ashtead Capital, Inc.5.250% 08/01/20260.1%
Sirius XM Radio, Inc.5.375% 07/15/20260.1%
Coty, Inc.6.500% 04/15/20260.1%
Novelis Corp.6.250% 08/15/20240.1%
AerCap Ireland Capital Ltd.3.650% 07/21/20270.1%
HCA, Inc.7.690% 06/15/20250.1%
CIT Group, Inc.5.250% 03/07/20250.1%
Energizer Holdings, Inc.7.750% 01/15/20270.1%
Valeant Pharmaceuticals International, Inc.5.500% 03/01/20230.1%
Teleflex, Inc.4.625% 11/15/20270.1%
Tenet Healthcare Corp.4.625% 07/15/20240.1%
AerCap Ireland Capital Ltd.4.450% 04/03/20260.1%
UC Holdings0.000% -0.1%
Lennar Corp.4.750% 11/29/20270.1%
Univision Communications, Inc.5.125% 02/15/20250.1%
William Lyon Homes, Inc.7.000% 08/15/20220.1%
AMC Entertainment Holdings, Inc.6.125% 05/15/20270.1%
Chesapeake Energy Corp.7.500% 10/01/20260.1%
Albertsons Cos LLC / Safeway, Inc. / New Albertson5.750% 03/15/20250.1%
Panda Temple Power, LLC9.800% 02/07/20230.1%
Community Health Systems, Inc.6.250% 03/31/20230.1%
Teleflex, Inc.4.875% 06/01/20260.1%
DPL, Inc.7.250% 10/15/20210.1%
CF Industries, Inc.4.950% 06/01/20430.1%
ViaSat, Inc.0.000% -0.0%
William Lyon Homes0.000% -0.0%
CVR Partners LP / CVR Nitrogen Finance Corp9.250% 06/15/20230.0%
CIT Group, Inc.6.000% 04/01/20360.0%
Alcoa Nederland Holding BV6.750% 09/30/20240.0%
Panda Power Funds8.351% 12/19/20200.0%
Claire's Stores, Inc.14.000% 09/05/20380.0%
PG&E Corp5.029% 12/31/20200.0%
Ashtead Capital, Inc.4.375% 08/15/20270.0%
JBS USA LLC/JBS USA Finance, Inc.5.875% 07/15/20240.0%
HCA, Inc.5.875% 02/15/20260.0%
FX USD/EUR 06/190.000% 06/07/20190.0%
Claire's Stores, Inc.0.000% 10/12/20380.0%
FX USD/GBP 06/190.000% 06/05/20190.0%
Eoc Group Inc2.000% 02/26/20260.0%
Chaparral Energy, Inc.0.000% -0.0%
Lonestar II Generation H7.610% 04/20/20260.0%
General Motors Co.4.200% 10/01/20270.0%
FGI Operating Company, LLC0.000% 05/15/20220.0%
FX USD/EUR 08/190.000% 08/14/20190.0%
Rayonier AM Products, Inc.5.500% 06/01/20240.0%
FX USD/GBP 06/190.000% 06/05/20190.0%
FX USD/GBP 06/190.000% 06/05/20190.0%
Monitronics International, Inc.9.125% 04/01/20200.0%
Credit Default Swap1.000% 06/20/20200.0%
FX USD/GBP 06/190.000% 06/05/20190.0%
FX USD/GBP 06/190.000% 06/05/20190.0%
Remington Outdoor Co. Inc.0.000% -0.0%
Morgan Stanley Capital I Trust5.510% 07/15/20560.0%
Morgan Stanley Capital I Trust5.510% 07/15/20560.0%
Tonon Luxembourg S.A.6.500% 10/31/20240.0%
FX USD/GBP 06/190.000% 06/05/20190.0%
FX USD/CAD 06/190.000% 06/05/20190.0%
FX USD/GBP 06/190.000% 06/05/20190.0%
FX USD/GBP 06/190.000% 06/05/20190.0%
FX USD/EUR 06/190.000% 06/07/20190.0%
Penson Technologies LLC0.000% -0.0%
Afren plc6.625% 12/09/20200.0%
Afren plc11.500% 02/01/20160.0%
Afren plc10.250% 04/08/20190.0%
Fairway Group Holdings Corp.0.000% 11/24/20230.0%
Fairway Group Holdings Corp.0.000% 02/24/20240.0%
US 10YR ULTRA FUT SEP190.000% 09/30/20190.0%
US ULTRA BOND CBT SEP190.000% 09/30/20190.0%
US 5YR NOTE (CBT) SEP190.000% 10/03/20190.0%
US 10YR NOTE (CBT)SEP190.000% 09/30/20190.0%
Washington Mutual, Inc.6.875% 06/15/20110.0%
General Motors Co.7.200% 01/15/20490.0%
Mirabela Nickel Ltd.1.000% 09/16/20440.0%
FX EUR/USD 06/190.000% 06/07/20190.0%
FX EUR/USD 06/190.000% 06/07/20190.0%
FX EUR/USD 06/190.000% 06/07/20190.0%
EURO-BUND FUTURE Jun190.000% 06/10/20190.0%
Fairway Group Acquisition Company0.000% -0.0%
EURO-BOBL FUT Jun190.000% 06/10/20190.0%
Templar Energy LLC0.000% -0.0%
Templar Energy LLC0.000% -0.0%
NEXSTAR BROADCASTING GROUP0.000% 11/30/20190.0%
Remington Outdoor Co. Inc.0.000% -0.0%
US LONG BOND(CBT) SEP190.000% 09/30/20190.0%
FX USD/EUR 06/190.000% 06/07/20190.0%
US 2YR NOTE (CBT) SEP190.000% 10/03/20190.0%
FX EUR/USD 06/190.000% 06/07/20190.0%
FX CAD/USD 06/190.000% 06/05/20190.0%
FX GBP/USD 06/190.000% 06/05/20190.0%
FX EUR/USD 06/190.000% 06/07/20190.0%
FX CAD/USD 06/190.000% 06/05/20190.0%
FX GBP/USD 06/190.000% 06/05/20190.0%
Credit Index Swap5.000% 06/20/20240.0%

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 06/28/2019

Sector Weighting Fund Change from Previous Quarter
Sector Weighting Fund Change from Previous Quarter
Utility arrowUp0.1%
Insurance arrowUp0.1%
Leisure arrowUp0.6%
Automotive arrowDown0.3%
Retail arrowDown0.8%
Capital Goods arrowUp0.7%
Real Estate arrowUp0.2%
Energy arrowDown0.3%
Financial Services 0.0%
Technology & Electronics arrowDown0.3%
Telecommunications arrowUp0.5%
Services arrowUp0.5%
Other arrowUp0.1%
Consumer Goods arrowDown0.1%
Basic Industry arrowDown0.6%
Media arrowUp0.5%
Transportation arrowUp0.1%
Banking arrowUp0.1%
Healthcare arrowDown1.2%

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

Dividend Payments

For
YTD Dividends Paidas of 07/23/2019
$0.199
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 06/30/2019 $0.03348 $7.51
Daily Daily 05/31/2019 $0.03284 $7.33
Daily Daily 04/30/2019 $0.03284 $7.44
Daily Daily 03/31/2019 $0.03289 $7.34
Daily Daily 02/28/2019 $0.03367 $7.31
Daily Daily 01/31/2019 $0.03426 $7.23

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 07/31/2019
Daily Daily 08/31/2019
Daily Daily 09/30/2019
Daily Daily 10/31/2019
Daily Daily 11/30/2019
Daily Daily 12/31/2019

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
12/18/2014 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
12/17/2019 12/18/2019

Fees & Expenses

Fees & Expenses

Expense Ratioas of 06/30/2019

1.20%

Fund Documents

Fund Documents

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Annual Report
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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.      

                    

1

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

 

2

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

 

 

IMPORTANT INFORMATION

 

A Note about Risk: The Fund is subject to the general risks associated with investing in debt securities, including market, credit, liquidity, and interest rate risk. The 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.

 

Class R3 - The performance quotations for Class R3 reflect the following methods of calculation: (a) for periods prior to the inception date for Class R3, a restated figure is used based on the Fund's Class A performance, excluding the effect of Class A's maximum sales charge (which does not apply to Class R3, adjusted to reflect the Rule 12b-1 rate differential between Class A and Class R3, which has a higher 12b-1 fee than Class A; and (b) for periods after the inception date for Class R3, actual Class R3 performance is used reflecting all charges and fees applicable to Class R3 shares. Hypothetical performance data for Class R3, as measured from since inception of the Fund using the methodology described above, is not available if the Class A inception date is equal or greater than ten years old. Please refer to the Class R3 performance information for the inception date for Class R3. Please refer to the Class A performance information for the inception date for Class A.

Class R3 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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