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High Yield Fund

Daily price w/o sales charge as of 11/15/2019

$7.41

$0.00

YTD Returns w/o sales charge as of 11/15/2019

12.00%

Overall Morningstar Ratings

High Yield Bond
as of 10/31/2019

Morningstar rated the Lord Abbett High Yield Fund class R3 share 3, 4 and 4 stars among 610, 536 and 340 High Yield Bond Funds for the overall rating and the 3, 5 and 10 year periods ended 10/31/2019, 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 11/15/2019  

w/o sales charge 5.22%

30-Day Standardized Yield 2 as of 10/31/2019  

4.37%

Fund Basicsas of 10/31/2019

Total Net Assets
$6.97 B
Inception Date
09/28/2007
Dividend Frequency
Monthly
Fund Expense Ratio
1.20%
Number of Holdings
633

Fund Expense Ratio :

1.20%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/28/2007
w/o sales charge 11.62% 7.01% 5.15% 4.75% 7.50% 6.94%
Lipper Category Avg. High Yield Funds 10.99% 7.54% 5.27% 4.14% 6.68% -
ICE BofAML U.S. High Yield Constrained Index 11.76% 8.32% 6.04% 5.18% 7.67% 7.23%

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 11.58% 4.34% 5.22% 4.95% 7.68% 6.99%
Lipper Category Avg. High Yield Funds 10.76% 5.50% 5.25% 4.29% 6.82% -
ICE BofAML U.S. High Yield Constrained Index 11.50% 6.30% 6.07% 5.37% 7.84% 7.27%

Fund Expense Ratio :

1.20%

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

RELATED CONTENT

High Yield Spreads Aren’t as Narrow as They May First Appear
October 18, 2019

While high yield bonds’ yield to maturity may be close to historic lows, credit spreads themselves are not, particularly when adjusted for favorable changes in credit quality and duration.

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.

Type Assets
High Yield Bonds
Bank Loans
Investment Grade Bonds
Equity
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 10/31/2019 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
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 65 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

Performance

Dividend Yield 1 as of 11/15/2019  

w/o sales charge 5.22%

30-Day Standardized Yield 2 as of 10/31/2019  

  Subsidized3 Un-Subsidized4
w/o sales charge 4.37% 4.37%

Fund Expense Ratio :

1.20%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/28/2007
w/o sales charge 11.62% 7.01% 5.15% 4.75% 7.50% 6.94%
Lipper Category Avg. High Yield Funds 10.99% 7.54% 5.27% 4.14% 6.68% -
ICE BofAML U.S. High Yield Constrained Index 11.76% 8.32% 6.04% 5.18% 7.67% 7.23%

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 11.58% 4.34% 5.22% 4.95% 7.68% 6.99%
Lipper Category Avg. High Yield Funds 10.76% 5.50% 5.25% 4.29% 6.82% -
ICE BofAML U.S. High Yield Constrained Index 11.50% 6.30% 6.07% 5.37% 7.84% 7.27%

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% 0.21% - 12.04%
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
Investment Grade Bonds
Equity
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 10/31/2019

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.

Portfolio Positioning as of 9/30/2019

  • From a sector standpoint, the portfolio has shifted from defensive to cyclical sectors—adding energy, industrial, building products, and automotive issues, and reducing healthcare and media holdings.
  • The portfolio is overweight the energy sector, with a focus on shorter maturity bonds in the exploration & production (E&P) segment based on our view on positive fundamentals of select credits within the sector.
  • 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.
  • In terms of ratings, we have been reducing portfolio’s holdings of‘BB-rated debt, as we view BBs as the most overpriced category in high yield, and adding CCC-rated credits, which we believe are trading at attractive valuations.
  • 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 stronger than 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 10/31/2019

Total Net Assets
$6.97 B
Number of Issues
633
Average Coupon
6.27%
Average Maturity
6.62 Years
Average Effective Duration
3.76 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 1.7%
DISH DBS Corp. 7.750% 07/01/2026 1.0%
Ally Financial, Inc. 8.000% 11/01/2031 1.0%
CCO Holdings LLC / CCO Holdings Capital Corp. 5.125% 05/01/2027 0.7%
TransDigm, Inc. 6.375% 06/15/2026 0.7%
CCO Holdings LLC / CCO Holdings Capital Corp. 5.875% 05/01/2027 0.7%
Numericable Group S.A. 7.375% 05/01/2026 0.7%
Tesla Motors, Inc. 5.300% 08/15/2025 0.7%
General Electric Co. 5.000% 12/31/2099 0.6%
Valeant Pharmaceuticals International, Inc. 8.500% 01/31/2027 0.6%
% of Total Assets 8.4%
Holding Coupon Maturity Assets
Sprint Capital Corp.6.875% 11/15/20281.8%
DISH DBS Corp.7.750% 07/01/20261.0%
Ally Financial, Inc.8.000% 11/01/20311.0%
CCO Holdings LLC / CCO Holdings Capital Corp.5.125% 05/01/20270.7%
TransDigm, Inc.6.375% 06/15/20260.7%
Numericable Group S.A.7.375% 05/01/20260.7%
CCO Holdings LLC / CCO Holdings Capital Corp.5.875% 05/01/20270.7%
Tesla Motors, Inc.5.300% 08/15/20250.6%
General Electric Co.5.000% 12/31/20990.6%
Calpine Corp.5.750% 01/15/20250.6%
Valeant Pharmaceuticals International, Inc.8.500% 01/31/20270.6%
HCA, Inc.5.500% 06/15/20470.5%
Freeport-McMoRan, Inc.3.875% 03/15/20230.5%
Netflix, Inc.3.625% 05/15/20270.5%
CCO Holdings LLC / CCO Holdings Capital Corp.5.750% 02/15/20260.5%
MEG Energy Corp.7.000% 03/31/20240.5%
Springleaf Finance Corp.6.125% 03/15/20240.5%
Tenet Healthcare Corp.5.125% 05/01/20250.5%
CSC Holdings LLC5.500% 04/15/20270.5%
United Rentals, Inc.4.875% 01/15/20280.4%
Intelsat Jackson Holdings SA5.500% 08/01/20230.4%
Navient Corp.6.750% 06/25/20250.4%
Sinclair Broadcast Group, Inc.5.125% 02/15/20270.4%
Cheniere Corpus Christi Holdings LLC5.875% 03/31/20250.4%
AMC Networks, Inc.4.750% 08/01/20250.4%
CSC Holdings LLC10.875% 10/15/20250.4%
Navient Corp.6.125% 03/25/20240.4%
CF Industries, Inc.5.150% 03/15/20340.4%
RegionalCare Hospital Partners Holdings Inc / Life9.750% 12/01/20260.4%
NRG Energy, Inc.5.750% 01/15/20280.4%
Century Communities, Inc.5.875% 07/15/20250.4%
Verscend Escrow Corp9.750% 08/15/20260.4%
Cheniere Corpus Christi Holdings LLC5.125% 06/30/20270.3%
Western Digital Corp.4.750% 02/15/20260.3%
DKT Finance ApS9.375% 06/17/20230.3%
Numericable Group S.A.8.125% 02/01/20270.3%
MGM Resorts International4.625% 09/01/20260.3%
TransDigm, Inc.6.250% 03/15/20260.3%
Ziggo BV5.500% 01/15/20270.3%
Jagged Peak Energy LLC5.875% 05/01/20260.3%
Intesa Sanpaolo SpA5.710% 01/15/20260.3%
Diamond Sports Group LLC / Diamond Sports Finance5.375% 08/15/20260.3%
ViaSat, Inc.5.625% 04/15/20270.3%
Match Group, Inc.5.000% 12/15/20270.3%
RBS Global & Rexnord Corp.4.875% 12/15/20250.3%
IRB Holding Corp6.750% 02/15/20260.3%
Diamondback Energy, Inc.4.750% 11/01/20240.3%
Bombardier, Inc.7.500% 03/15/20250.3%
Tullow Oil plc7.000% 03/01/20250.3%
Tenet Healthcare Corp.6.750% 06/15/20230.3%
Synovus Financial Corp.5.900% 02/07/20290.3%
T-Mobile USA, Inc.6.500% 01/15/20260.3%
Centene Corp.4.750% 01/15/20250.3%
WeWork Cos Inc7.875% 05/01/20250.3%
Molina Healthcare, Inc.4.875% 06/15/20250.3%
Altice Luxembourg SA7.625% 02/15/20250.3%
Lennar Corp.4.750% 05/30/20250.3%
Rio Oil Finance Trust Series 2018-18.200% 04/06/20280.3%
Tenet Healthcare Corp.6.250% 02/01/20270.3%
Connect Finco SARL / Connect US Finco LLC6.750% 10/01/20260.3%
Transocean Poseidon Ltd6.875% 02/01/20270.3%
CIT Group, Inc.6.125% 03/09/20280.3%
Community Health Systems, Inc.8.000% 11/15/20190.3%
Cheniere Energy Partners LP4.500% 10/01/20290.3%
Oasis Petroleum, Inc.6.250% 05/01/20260.3%
Pulte Group, Inc.5.000% 01/15/20270.3%
Ingevity Corp.4.500% 02/01/20260.3%
Ashland, Inc.6.875% 05/15/20430.3%
Yingde Gases Investment Ltd6.250% 01/19/20230.3%
SM Energy Co.6.625% 01/15/20270.3%
VOC Escrow Ltd5.000% 02/15/20280.3%
Mueller Water Products, Inc.5.500% 06/15/20260.3%
SRC Energy Inc6.250% 12/01/20250.3%
Chobani LLC / Chobani Finance Corp Inc7.500% 04/15/20250.3%
New Gold, Inc.6.250% 11/15/20220.2%
Ford Motor Credit Co. LLC4.542% 08/01/20260.2%
Ashton Woods USA LLC / Ashton Woods Finance Co.6.750% 08/01/20250.2%
Macquarie Bank Ltd./London6.125% 03/08/21670.2%
Radian Group, Inc.4.875% 03/15/20270.2%
PGT Escrow Issuer Inc6.750% 08/01/20260.2%
Tronox Finance PLC5.750% 10/01/20250.2%
Magnolia Oil & Gas Operating LLC / Magnolia Oil &6.000% 08/01/20260.2%
Diamond Sports Group LLC / Diamond Sports Finance6.625% 08/15/20270.2%
Summit Materials LLC5.125% 06/01/20250.2%
JBS USA LLC/JBS USA Finance, Inc.6.750% 02/15/20280.2%
Baffinland Iron Mines Corp / Baffinland Iron Mines8.750% 07/15/20260.2%
Popular, Inc.6.125% 09/14/20230.2%
Drive Chassis Holdco LLC10.588% 04/10/20260.2%
Berry Petroleum Co.7.000% 02/15/20260.2%
Apergy Corp6.375% 05/01/20260.2%
Nexstar Escrow Inc5.625% 07/15/20270.2%
Yum! Brands, Inc.5.350% 11/01/20430.2%
Netflix, Inc.4.875% 04/15/20280.2%
Patrick Industries, Inc.7.500% 10/15/20270.2%
Mattel, Inc.6.750% 12/31/20250.2%
Wabtec Corp.3.450% 11/15/20260.2%
HCA, Inc.8.360% 04/15/20240.2%
Albertsons Cos Inc / Safeway Inc / New Albertsons6.625% 06/15/20240.2%
Brand Energy & Infrastructure Services Inc8.500% 07/15/20250.2%
William Lyon Homes, Inc.6.625% 07/15/20270.2%
Callon Petroleum Co.6.125% 10/01/20240.2%
Mclaren Finance PLC5.000% 08/01/20220.2%
Netflix, Inc.4.625% 05/15/20290.2%
Altice Financing S.A.7.500% 05/15/20260.2%
Ball Corp.4.875% 03/15/20260.2%
Cemig Geracao e Transmissao SA9.250% 12/05/20240.2%
Sensata Technologies BV5.625% 11/01/20240.2%
Titan Acquisition Ltd / Titan Co-Borrower LLC7.750% 04/15/20260.2%
Brink's Co/The4.625% 10/15/20270.2%
Hilton Domestic Operating Co, Inc.5.125% 05/01/20260.2%
Citgo Holding, Inc.9.250% 08/01/20240.2%
Micron Technology, Inc.5.327% 02/06/20290.2%
Valeant Pharmaceuticals International, Inc.5.875% 05/15/20230.2%
Surgery Center Holdings, Inc.10.000% 04/15/20270.2%
Penn National Gaming, Inc.5.625% 01/15/20270.2%
Stena AB7.000% 02/01/20240.2%
Genworth Holdings Inc4.900% 08/15/20230.2%
Delphi Technologies PLC5.000% 10/01/20250.2%
Hub International Ltd.7.000% 05/01/20260.2%
BankUnited, Inc.4.875% 11/17/20250.2%
Shea Homes LP / Shea Homes Funding Corp.6.125% 04/01/20250.2%
Coeur Mining, Inc.5.875% 06/01/20240.2%
Buena Vista Gaming Authority13.000% 04/01/20230.2%
Waste Pro USA Inc5.500% 02/15/20260.2%
Everi Payments Inc7.500% 12/15/20250.2%
Diebold, Inc.8.500% 04/15/20240.2%
Core & Main Holdings LP8.625% 09/15/20240.2%
CSN Resources SA7.625% 04/17/20260.2%
Post Holdings, Inc.5.500% 03/01/20250.2%
FAGE International SA/ FAGE USA Dairy Industry Inc5.625% 08/15/20260.2%
Centennial Resource Production LLC5.375% 01/15/20260.2%
Wyndham Worldwide Corp.5.750% 04/01/20270.2%
Rede D'or Finance Sarl4.950% 01/17/20280.2%
Twin River Worldwide Holdings Inc6.750% 06/01/20270.2%
Garda World Security Corp8.750% 05/15/20250.2%
NGPL Pipeco LLC4.875% 08/15/20270.2%
Azul Investments LLP5.875% 10/26/20240.2%
Minerva Luxembourg SA5.875% 01/19/20280.2%
Itron, Inc.5.000% 01/15/20260.2%
Oceaneering International, Inc.6.000% 02/01/20280.2%
CommScope, Inc.8.250% 03/01/20270.2%
Eskom Holdings SOC Ltd.8.450% 08/10/20280.2%
Parsley Energy LLC5.625% 10/15/20270.2%
DaVita, Inc.5.000% 05/01/20250.2%
Sinclair Broadcast Group, Inc.5.875% 03/15/20260.2%
W&T Offshore, Inc.9.750% 11/01/20230.2%
GCI LLC6.875% 04/15/20250.2%
Williams Scotsman International Inc6.875% 08/15/20230.2%
Coty, Inc.6.500% 04/15/20260.2%
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell o5.000% 06/01/20240.2%
EW Scripps Co.5.125% 05/15/20250.2%
BWAY Holding Co.7.250% 04/15/20250.2%
Intelsat Jackson Holdings SA8.500% 10/15/20240.2%
Caesars Palace Las Vegas Trust 2017-VICI4.499% 10/15/20340.2%
Booz Allen Hamilton, Inc.5.125% 05/01/20250.2%
Global Aircraft Leasing Co Ltd6.500% 09/15/20240.2%
TopBuild Corp.5.625% 05/01/20260.2%
II-VI Inc6.062% 03/08/20260.2%
CONSOL Energy Inc11.000% 11/15/20250.2%
Schaeffler Verwaltung Zwei GmbH4.750% 09/15/20260.2%
Toll Brothers Finance Corp.4.875% 03/15/20270.2%
California Resources Corp.8.000% 12/15/20220.2%
Horizon Pharma USA Inc5.500% 08/01/20270.2%
TRI Pointe Homes LLC5.250% 06/01/20270.2%
AHP Health Partners Inc9.750% 07/15/20260.2%
Sirius XM Radio, Inc.5.000% 08/01/20270.2%
Rowan Companies, Inc.4.875% 06/01/20220.2%
BEP Ulterra Holdings Inc.7.294% 11/26/20250.2%
Gray Television, Inc.7.000% 05/15/20270.2%
Aegea Finance Sarl5.750% 10/10/20240.2%
William Carter Co.5.625% 03/15/20270.2%
Lamb Weston Holdings, Inc.4.875% 11/01/20260.2%
Geo Group, Inc.6.000% 04/15/20260.2%
NextEra Energy Operating Partners LP4.500% 09/15/20270.2%
Aston Martin Capital Holdings Ltd6.500% 04/15/20220.2%
BCPE Cycle Merger Sub II Inc10.625% 07/15/20270.2%
Belo Corp.7.250% 09/15/20270.2%
Cheniere Energy Partners LP5.625% 10/01/20260.2%
Promontoria Holding 264 BV6.750% 08/15/20230.2%
AMC Networks, Inc.5.000% 04/01/20240.2%
CMA CGM SA5.250% 01/15/20250.2%
Noble Holding International Ltd.7.875% 02/01/20260.2%
Intertape Polymer Group Inc7.000% 10/15/20260.2%
WPX Energy, Inc.5.250% 09/15/20240.2%
HAT Holdings I LLC / HAT Holdings II LLC5.250% 07/15/20240.2%
HCA, Inc.7.500% 12/15/20230.2%
Altice Luxembourg SA10.500% 05/15/20270.2%
Enterprise Development Authority/The12.000% 07/15/20240.2%
HCA, Inc.5.875% 02/01/20290.2%
Netflix, Inc.5.875% 02/15/20250.2%
Beazer Homes USA, Inc.7.250% 10/15/20290.2%
Hadrian Merger Sub Inc8.500% 05/01/20260.2%
Century Communities, Inc.6.750% 06/01/20270.2%
Gray Television, Inc.5.875% 07/15/20260.2%
CSI Compressco LP / CSI Compressco Finance Inc7.500% 04/01/20250.2%
Texas Capital Bank NA/Dallas TX5.250% 01/31/20260.2%
Murphy Oil USA, Inc.4.750% 09/15/20290.2%
Hilcorp Energy L.P. / Hilcorp Finance Co.6.250% 11/01/20280.2%
Ladder Capital Finance Holdings LLC/Ladder Capital5.250% 10/01/20250.2%
William Lyon Homes, Inc.5.875% 01/31/20250.2%
Provident Funding Associates L.P. / PFG Finance Co6.375% 06/15/20250.2%
Autopistas del Sol SA/Costa Rica7.375% 12/30/20300.2%
Geopark Ltd.6.500% 09/21/20240.2%
MEG Energy Corp.6.500% 01/15/20250.2%
IAA Inc5.500% 06/15/20270.2%
Sirius XM Radio, Inc.4.625% 07/15/20240.2%
United Rentals, Inc.5.250% 01/15/20300.2%
Centennial Resource Production LLC6.875% 04/01/20270.2%
Masonite International Corp.5.375% 02/01/20280.2%
Credit Suisse Group AG7.250% 09/12/21680.2%
Rumo Luxembourg Sarl5.875% 01/18/20250.2%
Wendy's International, Inc.7.000% 12/15/20250.2%
UAL Corp.4.875% 01/15/20250.2%
Marriott Ownership Resorts Inc / ILG LLC6.500% 09/15/20260.2%
DaVita, Inc.5.125% 07/15/20240.2%
Antero Resources Corp.5.125% 12/01/20220.2%
VeriSign, Inc.5.250% 04/01/20250.2%
Hillman Group, Inc.6.375% 07/15/20220.2%
H&E Equipment Services, Inc.5.625% 09/01/20250.2%
Granite Holdings US Acquisition Co11.000% 10/01/20270.2%
Boyd Gaming Corp.6.000% 08/15/20260.2%
CSL Capital, LLC8.250% 10/15/20230.2%
BRF SA4.875% 01/24/20300.2%
Pactiv Corp.7.950% 12/15/20250.2%
Fair Isaac Corp.5.250% 05/15/20260.2%
Adient US LLC7.000% 05/15/20260.2%
American Woodmark Corp.4.875% 03/15/20260.2%
Electricite de France SA5.625% 01/22/21640.2%
Cardtronics Inc / Cardtronics USA Inc5.500% 05/01/20250.2%
Pacific Gas & Electric Co.6.050% 03/01/20340.2%
Masonite International Corp.5.750% 09/15/20260.2%
Callon Petroleum Co.6.375% 07/01/20260.2%
Cheniere Energy Partners LP5.250% 10/01/20250.2%
Clear Channel Outdoor Holding5.544% 08/09/20260.2%
Exgen Renewables IV, LLC5.130% 11/28/20240.2%
SPX FLOW, Inc.5.625% 08/15/20240.2%
Univision Communications Inc.4.794% 03/15/20240.2%
j2 Cloud Services LLC / j2 Global Co-Obligor Inc6.000% 07/15/20250.2%
Stevens Holding Co Inc6.125% 10/01/20260.2%
Freeport-McMoRan, Inc.5.250% 09/01/20290.2%
JB Poindexter & Co., Inc.7.125% 04/15/20260.2%
PG&E Corp3.875% 04/27/20210.2%
Industrias Penoles SAB de CV5.650% 09/12/20490.2%
Greenko Solar Mauritius Ltd5.950% 07/29/20260.2%
Kratos Defense & Security Solutions Inc6.500% 11/30/20250.2%
Under Armour, Inc.3.250% 06/15/20260.1%
Warrior Met Coal Inc8.000% 11/01/20240.1%
Exterran Energy Solutions L.P. / EES Finance Corp.8.125% 05/01/20250.1%
Sealed Air Corp.6.875% 07/15/20330.1%
Panther BF Aggregator 2 LP / Panther Finance Co In8.500% 05/15/20270.1%
Catalent Pharma Solutions Inc5.000% 07/15/20270.1%
Plains All American Pipeline L.P.6.125% 12/31/20990.1%
Blue Cube Spinco, Inc.10.000% 10/15/20250.1%
Churchill Downs, Inc.4.750% 01/15/20280.1%
DG Investment Intermediate Holdings 2, Inc. (aka Convergint Technologies Holdings, LLC)5.044% 02/03/20250.1%
Huntington Bancshares, Inc.5.700% 12/31/20990.1%
Air Medical Group Holdings, Inc.6.375% 05/15/20230.1%
Intelsat Luxembourg S.A.8.125% 06/01/20230.1%
Starfruit Finco BV / Starfruit US Holdco LLC8.000% 10/01/20260.1%
QEP Resources, Inc.5.250% 05/01/20230.1%
VF Holding Corp9.294% 07/02/20260.1%
Mong Duong Finance Holdings BV5.125% 05/07/20290.1%
Boyne USA Inc7.250% 05/01/20250.1%
Rockpoint Gas Storage Canada Ltd7.000% 03/31/20230.1%
U.S. Silica Company6.063% 05/01/20250.1%
Bacardi Ltd.5.300% 05/15/20480.1%
Barminco Finance Pty Ltd.6.625% 05/15/20220.1%
InterXion Holding NV4.750% 06/15/20250.1%
ProAmpac PG Borrower LLC5.657% 11/20/20230.1%
AES Corp.4.500% 03/15/20230.1%
Garrett LX I Sarl / Garrett Borrowing LLC5.125% 10/15/20260.1%
Surgery Center Holdings, Inc.6.750% 07/01/20250.1%
Helix Gen Funding, LLC5.794% 06/03/20240.1%
Thor Industries, Inc.5.875% 02/01/20260.1%
SM Energy Co.6.750% 09/15/20260.1%
CSC Holdings LLC5.750% 01/15/20300.1%
CDW Corp.5.500% 12/01/20240.1%
Virgin Media Secured Finance plc4.875% 01/15/20270.1%
Lower Cadence Holdings L6.054% 05/08/20260.1%
Uber Technologies Inc8.000% 11/01/20260.1%
Millicom International Cellular S.A.6.625% 10/15/20260.1%
Hilcorp Energy L.P. / Hilcorp Finance Co.5.000% 12/01/20240.1%
Exterran Partners L.P. / EXLP Finance Corp.6.875% 04/01/20270.1%
Clear Channel Worldwide Holdings, Inc.9.250% 02/15/20240.1%
Beacon Roofing Supply, Inc.4.875% 11/01/20250.1%
Clearway Energy Operating LLC5.750% 10/15/20250.1%
Summit Materials LLC6.500% 03/15/20270.1%
Carrizo Oil & Gas, Inc.8.250% 07/15/20250.1%
MPT Operating Partnership L.P.5.000% 10/15/20270.1%
Targa Resources Partners L.P.5.375% 02/01/20270.1%
SPCM S.A.4.875% 09/15/20250.1%
Netflix, Inc.3.875% 11/15/20290.1%
Buckeye Partners L.P.3.950% 12/01/20260.1%
Eoc Group Inc5.294% 02/28/20250.1%
Equinix, Inc.2.875% 02/01/20260.1%
Titan Sub LLC7.044% 09/19/20260.1%
Longview Power8.260% 03/25/20210.1%
Acrisure LLC / Acrisure Finance Inc8.125% 02/15/20240.1%
Hecla Mining Co.6.875% 05/01/20210.1%
PDC Energy, Inc.6.125% 09/15/20240.1%
Compass Minerals International, Inc.4.875% 07/15/20240.1%
Murphy Oil USA, Inc.5.625% 05/01/20270.1%
Indigo Natural Resources LLC6.875% 02/15/20260.1%
Cogent Communications Group, Inc.5.375% 03/01/20220.1%
Forming Machining Indust6.104% 10/09/20250.1%
Pentair Finance SA4.500% 07/01/20290.1%
BCD Acquisition, Inc.9.625% 09/15/20230.1%
Pulte Group, Inc.6.375% 05/15/20330.1%
OCI NV6.625% 04/15/20230.1%
Oceaneering International, Inc.4.650% 11/15/20240.1%
Hill-Rom Holdings, Inc.5.000% 02/15/20250.1%
Frontera Generation Hold6.289% 05/02/20250.1%
Dutch Lion BV11.250% 06/15/20200.1%
Toll Brothers Finance Corp.4.350% 02/15/20280.1%
WPX Energy, Inc.5.750% 06/01/20260.1%
Hilcorp Energy L.P. / Hilcorp Finance Co.5.750% 10/01/20250.1%
Inter Media and Communication SpA4.875% 12/31/20220.1%
Installed Building Products, Inc.5.750% 02/01/20280.1%
Alliant Holdings Intermediate LLC8.250% 08/01/20230.1%
Ahern Rentals, Inc.7.375% 05/15/20230.1%
Energizer Holdings, Inc.6.375% 07/15/20260.1%
Owens Corning4.300% 07/15/20470.1%
Permian Resources LLC / AEPB Finance Corp.13.000% 11/30/20200.1%
Targa Resources Partners L.P.5.875% 04/15/20260.1%
Steel Dynamics, Inc.5.000% 12/15/20260.1%
MHP Lux SA6.950% 04/03/20260.1%
Caesars Palace Las Vegas Trust 2017-VICI4.499% 10/15/20340.1%
Telecom Argentina SA8.000% 07/18/20260.1%
Hawaiian Airlines Class B Pass Through Certificate4.950% 01/15/20220.1%
Laredo Petroleum Holdings, Inc.5.625% 01/15/20220.1%
NSG Holdings LLC / NSG Holdings, Inc.7.750% 12/15/20250.1%
Tempo Acquisition LLC / Tempo Acquisition Finance6.750% 06/01/20250.1%
LHC3 PLC4.125% 08/15/20240.1%
Merlin Entertainments PLC5.750% 06/15/20260.1%
Buckeye Partners L.P.4.125% 12/01/20270.1%
United PF Holdings LLC6.544% 06/10/20260.1%
Marble II Pte Ltd.5.300% 06/20/20220.1%
Wynn Macau Ltd.5.500% 10/01/20270.1%
Freedom Mortgage Corp8.250% 04/15/20250.1%
Wabash National Corp.5.500% 10/01/20250.1%
AES Corp.5.125% 09/01/20270.1%
Covanta Holding Corp.6.000% 01/01/20270.1%
Louisiana-Pacific Corp.4.875% 09/15/20240.1%
HealthSouth Corp.4.500% 02/01/20280.1%
Project Boost Purchaser5.638% 05/22/20260.1%
Kernel Holding SA8.750% 01/31/20220.1%
Ritchie Bros Auctioneers, Inc.5.375% 01/15/20250.1%
Central American Bottling Corp.5.750% 01/31/20270.1%
Wyndham Hotels & Resorts Inc5.375% 04/15/20260.1%
Weight Watchers International, Inc.8.625% 12/01/20250.1%
Sprint Corp.7.625% 03/01/20260.1%
WPX Energy, Inc.5.250% 10/15/20270.1%
Revlon, Inc. Class A5.571% 09/07/20230.1%
Topgolf International, Inc.7.874% 02/09/20260.1%
Centene Corp.5.375% 06/01/20260.1%
Trade Me Group Ltd6.851% 05/01/20260.1%
Trimas Corp.4.875% 10/15/20250.1%
Teradyne, Inc.1.250% 12/15/20230.1%
Amsted Industries, Inc.5.625% 07/01/20270.1%
Extraction Oil & Gas Inc7.375% 05/15/20240.1%
NCI Building Systems, Inc.8.000% 04/15/20260.1%
Steel Dynamics, Inc.4.125% 09/15/20250.1%
SPX FLOW, Inc.5.875% 08/15/20260.1%
Buenos Aires, Argentina7.500% 06/01/20270.1%
Nine Energy Service Inc8.750% 11/01/20230.1%
Holly Energy Partners L.P. / Holly Energy Finance6.000% 08/01/20240.1%
Shake Shack, Inc.0.000% -0.1%
Twitter, Inc.0.250% 06/15/20240.1%
Con-way, Inc.6.700% 05/01/20340.1%
Nokia Corp.4.375% 06/12/20270.1%
Novelis Corp.5.875% 09/30/20260.1%
Quicken Loans Inc5.250% 01/15/20280.1%
MGM Growth Properties Operating Partnership LP / M5.625% 05/01/20240.1%
Sonic Automotive, Inc.6.125% 03/15/20270.1%
NVA Holdings Inc6.875% 04/01/20260.1%
Transocean Pontus Ltd6.125% 08/01/20250.1%
West Street Merger Sub Inc6.375% 09/01/20250.1%
Antero Midstream Partners L.P. / Antero Midstream5.375% 09/15/20240.1%
LBC Tank Terminals Holding Netherlands BV6.875% 05/15/20230.1%
New Enterprise Stone & Lime Co., Inc.6.250% 03/15/20260.1%
Acrisure LLC / Acrisure Finance Inc7.000% 11/15/20250.1%
Delhi International Airport Pvt Ltd6.450% 06/04/20290.1%
WhatABrands LLC5.538% 07/19/20260.1%
Kestrel Bidco Inc5.266% 08/07/20260.1%
ServiceMaster Co LLC/The5.125% 11/15/20240.1%
Great Lakes Dredge & Dock Corp.8.000% 05/15/20220.1%
Mirati Therapeutics, Inc.0.000% -0.1%
Montreign Resort Casino10.517% 01/24/20230.1%
Koppers, Inc.6.000% 02/15/20250.1%
Yak Access LLC12.319% 07/10/20260.1%
Elwood Energy LLC8.159% 07/05/20260.1%
Telefonica Celular del Paraguay SA5.875% 04/15/20270.1%
Sotheby's4.875% 12/15/20250.1%
Press Ganey Inc5.544% 07/22/20260.1%
Dynagas LNG Partners L.P.6.250% 10/30/20190.1%
TerraForm Power, Inc.0.000% -0.1%
Latam Finance Ltd.7.000% 03/01/20260.1%
AG Merger Sub II Inc10.750% 08/01/20270.1%
Cortes NP Acquisition Corp.9.250% 10/15/20240.1%
CCO Holdings LLC / CCO Holdings Capital Corp.5.000% 02/01/20280.1%
Sally Holdings LLC / Sally Capital, Inc.5.625% 12/01/20250.1%
Ziggo Bond Co. BV5.875% 01/15/20250.1%
Kuehg Corp10.354% 08/15/20250.1%
Republic of Argentina6.875% 04/22/20210.1%
Navicure Inc9.544% 10/31/20250.1%
Guitar Center, Inc.9.500% 10/15/20210.1%
Hughes Satellite Systems Corp.5.250% 08/01/20260.1%
Fairstone Financial Inc7.875% 07/15/20240.1%
Chaparral Energy, Inc.8.750% 07/15/20230.1%
Fresh Market, Inc.9.750% 05/01/20230.1%
Go Daddy Operating Co LLC / GD Finance Co Inc5.250% 12/01/20270.1%
Live Nation Entertainment, Inc.5.625% 03/15/20260.1%
Boston Beer Co., Inc.0.000% -0.1%
Radiate Holdco LLC / Radiate Finance Inc6.625% 02/15/20250.1%
SRS Distribution Inc8.250% 07/01/20260.1%
Stars Group Holdings BV / Stars Group US Co-Borrow7.000% 07/15/20260.1%
Edwards Lifesciences Corp.0.000% -0.1%
Hilltop Holdings, Inc.0.000% -0.1%
KGA Escrow LLC7.500% 08/15/20230.1%
Station Casinos LLC5.000% 10/01/20250.1%
Bristow Group, Inc.8.750% 03/01/20230.1%
Navicure Inc6.317% 09/18/20260.1%
SolarEdge Technologies, Inc.0.000% -0.1%
MTS Systems Corp.5.750% 08/15/20270.1%
Pharmaceutical Product Development LLC6.375% 08/01/20230.1%
GCP Applied Technologies, Inc.5.500% 04/15/20260.1%
Cloud Crane LLC10.125% 08/01/20240.1%
Teledyne Technologies, Inc.0.000% -0.1%
Hunt Oil Co of Peru LLC Sucursal Del Peru6.375% 06/01/20280.1%
Murphy Oil Corp.6.875% 08/15/20240.1%
Chefs' Warehouse, Inc.0.000% -0.1%
Endeavor Energy Resources L.P.5.500% 01/30/20260.1%
Clearway Energy Operating LLC5.000% 09/15/20260.1%
Flex Acquisition Co Inc7.875% 07/15/20260.1%
Gateway Casinos & Entertainment Ltd8.250% 03/01/20240.1%
Six Flags Entertainment Corp.4.875% 07/31/20240.1%
United Rentals, Inc.4.625% 10/15/20250.1%
Mercer International, Inc.7.375% 01/15/20250.1%
Capitol Investment Merger Sub 2 LLC10.000% 08/01/20240.1%
Estee Lauder Cos., Inc.0.000% -0.1%
Range Resources Corp.5.000% 08/15/20220.1%
Triumph Group, Inc.7.750% 08/15/20250.1%
Inmarsat Finance plc6.500% 10/01/20240.1%
Asbury Automotive Group, Inc.6.000% 12/15/20240.1%
Sanderson Farms, Inc.0.000% -0.1%
Terraform Global Operating LLC6.125% 03/01/20260.1%
Golar LNG Partners L.P.8.768% 05/18/20210.1%
Ortho-Clinical Diagnostics Inc / Ortho-Clinical Di6.625% 05/15/20220.1%
Rain CII Carbon LLC7.250% 04/01/20250.1%
Mattel, Inc.5.450% 11/01/20410.1%
Azure Power Solar Energy Pvt Ltd5.650% 12/24/20240.1%
Buckeye Partners L.P.6.375% 01/22/20780.1%
Peloton Interactive Inc0.000% -0.1%
BBA US Holdings Inc5.375% 05/01/20260.1%
Lonestar II Generation H7.610% 04/20/20260.1%
Simmons Foods, Inc.7.750% 01/15/20240.1%
UFC Holdings LLC5.350% 04/26/20260.1%
Insulet Corp.1.375% 11/15/20240.1%
TGP Holdings III LLC10.544% 09/20/20250.1%
Transocean Proteus Ltd.6.250% 12/01/20240.1%
MGIC Investment Corp.5.750% 08/15/20230.1%
MPH Acquisition Holdings LLC7.125% 06/01/20240.1%
Scotts Miracle-Gro Co.0.000% -0.1%
Sugarhouse HSP Gaming Prop Mezz LP/Fin Corp.5.875% 05/15/20250.1%
Hilton Domestic Operating Co, Inc.4.875% 01/15/20300.1%
CSC Holdings LLC6.500% 02/01/20290.1%
Berry Plastics Corp.4.875% 07/15/20260.1%
Norbord, Inc.6.250% 04/15/20230.1%
Mohegan Tribal Gaming Authority7.875% 10/15/20240.1%
Dometic Group AB3.000% 05/08/20260.1%
Pinnacle Bidco PLC6.375% 02/15/20250.1%
Valeant Pharmaceuticals International, Inc.7.000% 03/15/20240.1%
Generac Holdings, Inc.0.000% -0.1%
JD Power & Associates9.500% 06/09/20240.1%
Danaher Corp.0.000% 04/15/20220.1%
AssuredPartners Inc7.000% 08/15/20250.1%
Ally Financial, Inc.0.000% -0.1%
MRP Generation Holdings LLC9.359% 10/18/20220.1%
PCI Gaming Authority5.044% 05/15/20260.1%
Performance Food Group, Inc.5.500% 06/01/20240.1%
LGI Homes, Inc.6.875% 07/15/20260.1%
Graftech Finance, Inc.5.544% 01/31/20250.1%
PetSmart, Inc.5.875% 06/01/20250.1%
Southwestern Energy Co.7.750% 10/01/20270.1%
Miller Homes Group Holdings PLC5.500% 10/15/20240.1%
Acadia Healthcare Co., Inc.5.625% 02/15/20230.1%
Airxcel, Inc.6.544% 04/28/20250.1%
Cliffs Natural Resources, Inc.5.875% 06/01/20270.1%
Netflix, Inc.5.875% 11/15/20280.1%
Wyndham Worldwide Corp.6.350% 10/01/20250.1%
Pinduoduo Inc0.000% -0.1%
Tenneco, Inc.5.000% 07/15/20260.1%
DocuSign Inc0.500% 09/15/20230.1%
Allison Transmission, Inc.5.000% 10/01/20240.1%
Griffon Corp.5.250% 03/01/20220.1%
Learning Care Group (US) No. 2 Inc.5.458% 03/13/20250.1%
Molina Healthcare, Inc.5.375% 11/15/20220.1%
Transocean Phoenix 2 Ltd.7.750% 10/15/20240.1%
Lululemon Athletica, Inc.0.000% -0.1%
Navistar International Corp.6.625% 11/01/20250.1%
Service Corp. International5.125% 06/01/20290.1%
YETI Holdings Inc0.000% -0.1%
Springleaf Finance Corp.7.125% 03/15/20260.1%
Casey's General Stores, Inc.0.000% -0.1%
AerCap Ireland Capital Ltd.3.650% 07/21/20270.1%
AerCap Ireland Capital Ltd.4.450% 04/03/20260.1%
Range Resources Corp.4.875% 05/15/20250.1%
Snap Inc0.750% 08/01/20260.1%
Altran Technologies9.064% 06/26/20260.1%
Algeco Scotsman Global Finance plc8.000% 02/15/20230.1%
Coupa Software Inc0.125% 06/15/20250.1%
Techem Verwaltungsgesellschaft 674 mbH6.000% 07/30/20260.1%
Flynn Restaurant Group5.544% 06/27/20250.1%
Agnico-Eagle Mines Ltd.0.000% -0.1%
Southwestern Energy Co.6.200% 01/23/20250.1%
Cliffs Natural Resources, Inc.5.750% 03/01/20250.1%
Owens Corning4.400% 01/30/20480.1%
Repligen Corp.0.375% 07/15/20240.1%
Bill Barrett Corp.7.000% 10/15/20220.1%
Jonah Energy LLC / Jonah Energy Finance Corp7.250% 10/15/20250.1%
Cheniere Corpus Christi Holdings LLC7.000% 06/30/20240.1%
Oasis Petroleum, Inc.6.875% 03/15/20220.1%
QuickSilver Inc.8.350% 04/08/20240.1%
CPUK Finance Ltd4.875% 08/28/20250.1%
Britax Childcare4.500% 10/15/20200.1%
Trivium Packaging Finance BV8.500% 08/15/20270.1%
Flynn Restaurant Group9.042% 06/29/20260.1%
PG&E Corp5.029% 12/31/20200.1%
Stoneway Capital Corp10.000% 03/01/20270.1%
Gibson Brands, Inc0.000% -0.1%
Levi Strauss & Co.3.375% 03/15/20270.1%
Jacobs Entertainment, Inc.7.875% 02/01/20240.1%
YPF Energia Electrica SA10.000% 07/25/20260.1%
Doncasters US Finance LLC (Doncasters US LLC)0.000% 04/09/20200.1%
Targa Resources Partners L.P.4.250% 11/15/20230.1%
Province of Santa Fe6.900% 11/01/20270.1%
Arcor6.000% 07/06/20230.1%
Service Corp. International4.625% 12/15/20270.1%
Lamb Weston Holdings, Inc.4.625% 11/01/20240.1%
Numericable Group S.A.3.375% 01/15/20280.1%
Tapstone Energy LLC / Tapstone Energy Finance Corp9.750% 06/01/20220.1%
North American Lifting Holdings, Inc. (aka TNT Crane & Rigging, Inc)11.104% 11/26/20210.1%
Provincia de Cordoba7.450% 09/01/20240.1%
Valeant Pharmaceuticals International, Inc.7.250% 05/30/20290.1%
Gray Television, Inc.5.125% 10/15/20240.1%
Joseph T Ryerson & Son, Inc.11.000% 05/15/20220.1%
NRG Energy, Inc.5.250% 06/15/20290.1%
Performance Food Group, Inc.5.500% 10/15/20270.1%
Provincia de Mendoza Argentina8.375% 05/19/20240.1%
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell o4.750% 06/01/20270.1%
Powerteam Services LLC9.354% 03/06/20260.1%
Commercial Barge Line10.794% 11/12/20200.1%
Targa Resources Partners L.P.6.500% 07/15/20270.1%
Transportadora de Gas del Sur S.A.6.750% 05/02/20250.1%
NextCure Inc0.000% -0.1%
Ashtead Capital, Inc.5.250% 08/01/20260.1%
Sirius XM Radio, Inc.5.375% 07/15/20260.1%
Province of Neuquen7.500% 04/27/20250.1%
Claire's Stores, Inc.0.000% -0.1%
Univision Communications, Inc.5.125% 02/15/20250.1%
HCA, Inc.7.690% 06/15/20250.1%
Lovesac Co/The0.000% -0.1%
CIT Group, Inc.5.250% 03/07/20250.1%
CIBT Solutions, Inc.9.210% 06/01/20250.1%
Trivium Packaging Finance BV3.750% 08/15/20260.1%
Valeant Pharmaceuticals International, Inc.5.500% 03/01/20230.1%
Moxie Patriot LLC7.392% 12/19/20200.1%
QEP Resources, Inc.5.625% 03/01/20260.1%
Panda Temple Power, LLC9.800% 02/07/20230.1%
CF Industries, Inc.4.950% 06/01/20430.1%
Extraction Oil & Gas Inc5.625% 02/01/20260.1%
Eterna Capital Pte Ltd8.000% 12/11/20220.0%
Southern Graphics Inc9.646% 11/22/20230.0%
CRISPR Therapeutics AG0.000% -0.0%
Triumph Group, Inc.6.250% 09/15/20240.0%
CVR Partners LP / CVR Nitrogen Finance Corp9.250% 06/15/20230.0%
Pyxus International Inc9.875% 07/15/20210.0%
Claire's Stores, Inc.14.000% 09/05/20380.0%
Trivium Packaging Finance BV5.500% 08/15/20260.0%
Antero Resources Corp.5.625% 06/01/20230.0%
Altice Luxembourg SA7.750% 05/15/20220.0%
Panda Power Funds6.750% 12/19/20200.0%
Weekley Homes LLC / Weekley Finance Corp.6.000% 02/01/20230.0%
FX USD/EUR 11/190.000% 11/14/20190.0%
Mclaren Finance PLC5.750% 08/01/20220.0%
UC Holdings0.000% -0.0%
Republic of Argentina5.875% 01/11/20280.0%
PG&E Corp5.029% 12/31/20200.0%
Panther BF Aggregator 2 LP / Panther Finance Co In4.375% 05/15/20260.0%
Claire's Stores, Inc.0.000% 10/12/20380.0%
HCA, Inc.5.875% 02/15/20260.0%
Credit Index Swap5.000% 06/20/20240.0%
Eoc Group Inc3.516% 02/26/20260.0%
Mercer International, Inc.5.500% 01/15/20260.0%
FX USD/EUR 12/190.000% 12/09/20190.0%
United PF Holdings LLC2.911% 06/10/20260.0%
TerraForm Power Operating LLC5.000% 01/31/20280.0%
Arcor6.000% 07/06/20230.0%
Lonestar II Generation H7.610% 04/20/20260.0%
FGI Operating Company, LLC0.000% 05/15/20220.0%
Tonon Luxembourg S.A.6.500% 10/31/20240.0%
Credit Default Swap1.000% 06/20/20200.0%
Chaparral Energy, Inc.0.000% -0.0%
Remington Outdoor Co. Inc.0.000% -0.0%
Templar Energy LLC0.000% -0.0%
Morgan Stanley Capital I Trust5.510% 07/15/20560.0%
FX USD/EUR 12/190.000% 12/09/20190.0%
Penson Technologies LLC0.000% -0.0%
Afren plc6.625% 12/09/20200.0%
FX USD/EUR 12/190.000% 12/09/20190.0%
Afren plc11.500% 02/01/20220.0%
Fairway Group Holdings Corp.0.000% 02/24/20240.0%
Fairway Group Holdings Corp.0.000% 11/24/20230.0%
Afren plc10.250% 04/08/20220.0%
FX USD/EUR 12/190.000% 12/09/20190.0%
FX USD/EUR 12/190.000% 12/09/20190.0%
Templar Energy LLC0.000% -0.0%
US 5YR NOTE (CBT) DEC190.000% 01/06/20200.0%
US ULTRA BOND CBT DEC190.000% 12/31/20190.0%
Washington Mutual, Inc.6.875% 06/15/20110.0%
EURO-BOBL FUT DEC190.000% 12/10/20190.0%
EURO-BUND FUTURE DEC190.000% 12/10/20190.0%
Fairway Group Acquisition Company0.000% -0.0%
General Motors Co.7.200% 01/15/20490.0%
Mirabela Nickel Ltd.1.000% 09/16/20440.0%
NEXSTAR BROADCASTING GROUP0.000% 11/30/20190.0%
Remington Outdoor Co. Inc.0.000% -0.0%
US 10YR NOTE (CBT)DEC190.000% 12/31/20190.0%
US LONG BOND(CBD) DEC190.000% 12/31/20190.0%
US 2YR NOTE (CBT) DEC190.000% 01/06/20200.0%
FX EUR/USD 11/190.000% 11/14/20190.0%
US 10YR ULTRA FUT DEC190.000% 12/31/20190.0%
FX USD/GBP 12/190.000% 12/05/20190.0%

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

Sector Allocationas of 10/31/2019

Sector Weighting Fund Change from Previous Quarter
Sector Weighting Fund Change from Previous Quarter
Basic Industry 0.0%
Insurance 0.0%
Capital Goods arrowDown0.1%
Leisure 0.0%
Services arrowDown0.2%
Retail arrowUp0.1%
Financial Services arrowUp0.4%
Real Estate arrowUp0.2%
Technology & Electronics arrowDown0.1%
Healthcare arrowDown0.6%
Telecommunications arrowDown0.2%
Utility arrowUp0.1%
Automotive arrowUp0.5%
Banking arrowUp0.2%
Consumer Goods 0.0%
Transportation arrowUp0.4%
Other 0.0%
Media arrowUp0.6%
Energy arrowDown1.2%

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

Dividend Payments

For
YTD Dividends Paidas of 11/15/2019
$0.328
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 10/31/2019 $0.03222 $7.40
Daily Daily 09/30/2019 $0.03207 $7.43
Daily Daily 08/31/2019 $0.03167 $7.46
Daily Daily 07/31/2019 $0.03223 $7.53
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 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 10/31/2019

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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