High Yield Fund

LHYRX

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Daily price w/o sales charge as of 11/16/2018

$7.21

$0.01

YTD Returns w/o sales charge as of 11/16/2018

-2.39%

Overall Morningstar Ratings

High Yield Bond

as of 10/31/2018

Morningstar rated the Lord Abbett High Yield Fund class R3 share 4, 5 and 5 stars among 603, 505 and 332 High Yield Bond Funds for the overall rating and the 3, 5 and 10 year periods ended 10/31/2018, respectively.

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Summary

What is the High Yield Fund?

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

A HERITAGE OF HIGH YIELD

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

AN OPPORTUNISTIC APPROACH

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

STRONG TRACK RECORD

Has offered a track record of strong performance versus peers in up and down markets, demonstrating the strength of this active approach as a core high-yield holding over a full market cycle.

Yield

Dividend Yield ¹ as of 11/16/2018

w/o sales charge

5.74%

30-Day Standardized Yield ² as of 10/31/2018

5.51%

Fund Basicsas of 10/31/2018

Total Net Assets: $6.70 B
Inception Date: 09/28/2007
Dividend Frequency: Monthly
Fund Expense Ratio: 1.19%
Number of Holdings: 726
CUSIP: 54400N706

Fund Expense Ratio :

1.19%

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

w/o sales charge	-1.42%	-0.94%	5.72%	4.71%	10.70%	6.93%
Lipper Category Avg. High Yield Funds	0.17%	0.31%	5.04%	3.48%	9.24%	-
ICE BofAML U.S. High Yield Constrained Index	0.84%	0.86%	6.65%	4.69%	11.20%	7.14%

Fund Expense Ratio :

1.19%

Fund Expense Ratio :

1.19%

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

w/o sales charge	1.07%	2.01%	7.45%	5.71%	9.14%	7.23%
Lipper Category Avg. High Yield Funds	1.77%	2.27%	6.41%	4.28%	7.64%	-
ICE BofAML U.S. High Yield Constrained Index	2.52%	2.95%	8.20%	5.55%	9.40%	7.36%

Fund Expense Ratio :

1.19%

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

Credit Quality Distribution as of 10/31/2018 View Portfolio

Rating	Assets
BBB
BB
B
<B
Not Rated

Ratings (other than U.S. Treasury securities or securities issued or backed by U.S. agencies) provided by Standard & Poor's, Moody's, and Fitch. For certain securities that are not rated by any of these three agencies, credit ratings from other agencies may be used. Where the rating agencies rate a security differently, Lord Abbett uses the average rating based on numeric values assigned to each rating. Ratings range from AAA (highest) to D (lowest). Bonds rated BBB or above are considered investment grade. Credit ratings BB and below are lower-rated securities (junk bonds). High-yielding, non-investment-grade bonds (junk bonds) involve higher risks than investment-grade bonds. Adverse conditions may affect the issuer's ability to pay interest and principal on these securities. A portion of the portfolio's securities may not be rated. Breakdown is not an S&P credit rating or an opinion of S&P as to the creditworthiness of such portfolio. Ratings apply to the credit worthiness of the issuers of the underlying securities and not the fund or its shares. Ratings may be subject to change.

Investment Team

Steven F. Rocco, CFA

Partner & Director of Taxable Fixed Income

17 Years of Industry Experience

Robert A. Lee

Partner & Chief Investment Officer

27 Years of Industry Experience

Christopher Gizzo, CFA

Portfolio Manager

10 Years of Industry Experience

Supported By 64 Investment Professionals with 15 Years Avg. Industry Experience

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Performance

Dividend Yield ¹ as of 11/16/2018

w/o sales charge

5.74%

30-Day Standardized Yield ² as of 10/31/2018

	Subsidized³	Un-Subsidized⁴
w/o sales charge	5.51%	5.51%

Fund Expense Ratio :

1.19%

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

w/o sales charge	-1.42%	-0.94%	5.72%	4.71%	10.70%	6.93%
Lipper Category Avg. High Yield Funds	0.17%	0.31%	5.04%	3.48%	9.24%	-
ICE BofAML U.S. High Yield Constrained Index	0.84%	0.86%	6.65%	4.69%	11.20%	7.14%

Fund Expense Ratio :

1.19%

Fund Expense Ratio :

1.19%

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

w/o sales charge	1.07%	2.01%	7.45%	5.71%	9.14%	7.23%
Lipper Category Avg. High Yield Funds	1.77%	2.27%	6.41%	4.28%	7.64%	-
ICE BofAML U.S. High Yield Constrained Index	2.52%	2.95%	8.20%	5.55%	9.40%	7.36%

Fund Expense Ratio :

1.19%

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

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

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%	-26.11%
2007	1.67%	-

Year	Q1	Q2	Q3	Q4	Yearly Returns

2018	-1.25%	-0.10%	2.46%	-	-2.36%
2017	2.74%	1.77%	2.50%	0.93%	8.17%
2016	1.93%	5.42%	5.37%	2.11%	15.62%
2015	3.10%	0.66%	-4.27%	-1.86%	-2.49%
2014	2.84%	3.30%	-1.88%	-1.01%	3.18%
2013	3.89%	-0.97%	2.43%	3.77%	9.35%
2012	6.53%	0.30%	4.97%	3.53%	16.12%
2011	3.74%	1.00%	-7.04%	5.64%	2.89%
2010	4.84%	-0.98%	6.24%	3.32%	13.96%
2009	6.06%	17.31%	13.88%	6.04%	50.25%
2008	-3.46%	1.96%	-7.56%	-15.67%	-23.27%
2007	2.93%	0.13%	-0.15%	-1.21%	1.67%

NAV Historical Prices

Date	Net Asset Value

Portfolio

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

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

Rating	Assets
Less than 1 year
1-2.99 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 10/31/2018

Rating	Assets
BBB
BB
B
<B
Not Rated

Portfolio Positioning as of 9/30/2018

Despite continuing equity market volatility and oscillating Treasury yields during the quarter, high yield bonds posted positive returns, outperforming the higher quality market segment represented by the Bloomberg Barclays U.S. Aggregate Bond Index.
The portfolio is overweight the retail sector, as we believe a strong consumer, low unemployment, high consumer confidence, and an uptick in wage inflation is a tailwind for this sector.
The portfolio is overweight the energy sector. Within this sector, we have a constructive view on oil and gas prices, and our exposure lies mainly in the exploration and production as well as the offshore drilling segment of the market.
We increased the portfolio’s exposure to the health care sector due to improving volumes in the hospitals segment and improved overall sentiment in the industry.
The portfolio’s biggest underweight remains the telecom sector. In addition to secular issues faced by the wireline segment, idiosyncratic issues continue to plague major wireline companies.
As of quarter-end, the portfolio had modest allocations to out-of-index sectors, such as bank loans, convertibles, investment grade bonds, and equities. We believe select exposures to these sectors offer attractive risk-reward opportunities, potential portfolio diversification benefits and avenues for liquidity.

Portfolio Details as of 10/31/2018

Total Net Assets: $6.70 B
Number of Issues: 726
Average Coupon: 6.46%
Average Maturity: 6.69 Years
Average Effective Duration: 4.60 Years

To view definitions for the above Portfolio Details, Click here.

Average Coupon - The weighted average annual rate of interest on a bond’s face value that the issuer agrees to pay the holder until maturity for all the securities in a portfolio.

Average Maturity - The length of time until the average security in a portfolio will mature or be redeemed by its issuer in proportion to its dollar value. Indicating a portfolio’s sensitivity to general market interest rate changes, a longer average maturity implies greater relative portfolio volatility.

Average Effective Duration - The change in the value of a fixed income security that will result from a 1% change in interest rates, taking into account anticipated cash flow fluctuations from mortgage prepayments, puts, adjustable coupons, and potential call dates. Duration is expressed as a number of years, and generally, the larger a duration, the greater the interest-rate risk or reward for a portfolio’s underlying bond prices. Where applicable, certain investments, such as common or preferred stock, convertible bonds and convertible preferred stock, ETFs, ADRs, and CPI swaps and related futures, are excluded from these calculations.

Holding	Coupon	Maturity	Assets

HCA, Inc.	5.250%	06/15/2026	0.9%
T-Mobile USA, Inc.	6.500%	01/15/2026	0.8%
CenturyLink, Inc.	7.500%	04/01/2024	0.8%
Freeport-McMoRan, Inc.	3.875%	03/15/2023	0.7%
Sprint Capital Corp.	6.875%	11/15/2028	0.7%
Tenet Healthcare Corp.	5.125%	05/01/2025	0.6%
Bombardier, Inc.	7.500%	03/15/2025	0.6%
Tesla Motors, Inc.	5.300%	08/15/2025	0.6%
Peabody Energy Corp.	6.375%	03/31/2025	0.6%
CCO Holdings LLC / CCO Holdings Capital Corp.	5.750%	02/15/2026	0.5%

% of Total Assets			6.8%

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

HCA, Inc.	5.250%	06/15/2026	0.8%
CenturyLink, Inc.	7.500%	04/01/2024	0.8%
Freeport-McMoRan, Inc.	3.875%	03/15/2023	0.8%
T-Mobile USA, Inc.	6.500%	01/15/2026	0.7%
Tenet Healthcare Corp.	5.125%	05/01/2025	0.6%
Bombardier, Inc.	7.500%	03/15/2025	0.6%
Peabody Energy Corp.	6.375%	03/31/2025	0.6%
California Resources Corp.	8.000%	12/15/2022	0.6%
Tesla Motors, Inc.	5.300%	08/15/2025	0.5%
HCA, Inc.	5.500%	06/15/2047	0.5%
CCO Holdings LLC / CCO Holdings Capital Corp.	5.875%	04/01/2024	0.5%
Numericable Group S.A.	7.375%	05/01/2026	0.5%
Netflix, Inc.	3.625%	05/15/2027	0.5%
CCO Holdings LLC / CCO Holdings Capital Corp.	5.750%	02/15/2026	0.5%
Ally Financial, Inc.	8.000%	11/01/2031	0.5%
Netflix, Inc.	5.875%	02/15/2025	0.5%
Navient Corp.	6.750%	06/25/2025	0.4%
CCO Holdings LLC / CCO Holdings Capital Corp.	5.875%	05/01/2027	0.4%
Dell International LLC / EMC Corp	6.020%	06/15/2026	0.4%
Navient Corp.	6.125%	03/25/2024	0.4%
Valeant Pharmaceuticals International, Inc.	5.875%	05/15/2023	0.4%
WellCare Health Plans, Inc.	5.250%	04/01/2025	0.4%
Teva Pharmaceutical Finance Netherlands III BV	3.150%	10/01/2026	0.4%
CSC Holdings LLC	10.875%	10/15/2025	0.4%
Cheniere Corpus Christi Holdings LLC	5.125%	06/30/2027	0.4%
United Rentals, Inc.	4.875%	01/15/2028	0.4%
Valeant Pharmaceuticals International, Inc.	4.500%	05/15/2023	0.4%
Transocean, Inc.	7.500%	01/15/2026	0.4%
MEG Energy Corp.	7.000%	03/31/2024	0.3%
Sirius XM Radio, Inc.	5.000%	08/01/2027	0.3%
Rockies Express Pipeline LLC	6.875%	04/15/2040	0.3%
Calpine Corp.	5.750%	01/15/2025	0.3%
Tapstone Energy LLC / Tapstone Energy Finance Corp	9.750%	06/01/2022	0.3%
Equinix, Inc.	2.875%	02/01/2026	0.3%
DISH DBS Corp.	7.750%	07/01/2026	0.3%
Albertsons Cos LLC / Safeway, Inc. / New Albertson	6.625%	06/15/2024	0.3%
Clear Channel Worldwide Holdings, Inc.	6.500%	11/15/2022	0.3%
Diamondback Energy, Inc.	4.750%	11/01/2024	0.3%
CenturyLink, Inc.	5.625%	04/01/2025	0.3%
RBS Global & Rexnord Corp.	4.875%	12/15/2025	0.3%
Alcoa Nederland Holding BV	6.750%	09/30/2024	0.3%
Alta Mesa Holdings L.P. / Alta Mesa Finance Servic	7.875%	12/15/2024	0.3%
Noble Holding International Ltd.	7.875%	02/01/2026	0.3%
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell o	5.000%	06/01/2024	0.3%
Cheniere Corpus Christi Holdings LLC	5.875%	03/31/2025	0.3%
Precision Drilling Corp.	5.250%	11/15/2024	0.3%
Centene Corp.	5.375%	06/01/2026	0.3%
Genworth Holdings Inc	4.900%	08/15/2023	0.3%
Yingde Gases Investment Ltd	6.250%	01/19/2023	0.3%
Intelsat Jackson Holdings SA	5.500%	08/01/2023	0.3%
CF Industries, Inc.	5.150%	03/15/2034	0.3%
Valeant Pharmaceuticals International, Inc.	8.500%	01/31/2027	0.3%
Tenet Healthcare Corp.	6.750%	06/15/2023	0.3%
Cowlitz Tribal Gaming Authority	12.742%	12/04/2020	0.3%
GCI LLC	6.875%	04/15/2025	0.3%
Valeant Pharmaceuticals International, Inc.	5.625%	12/01/2021	0.3%
Community Health Systems, Inc.	8.000%	11/15/2019	0.3%
CSL Capital, LLC	8.250%	10/15/2023	0.3%
Qorvo, Inc.	5.500%	07/15/2026	0.3%
Neiman Marcus Group Inc., The	5.370%	10/25/2020	0.3%
J Crew Group Inc.	5.547%	03/05/2021	0.3%
MSCI, Inc.	5.750%	08/15/2025	0.3%
Conn's, Inc.	7.250%	07/15/2022	0.3%
NRG Energy, Inc.	5.750%	01/15/2028	0.2%
Molina Healthcare, Inc.	4.875%	06/15/2025	0.2%
Verscend Escrow Corp	9.750%	08/15/2026	0.2%
Citgo Holding, Inc.	10.750%	02/15/2020	0.2%
CONSOL Energy Inc	11.000%	11/15/2025	0.2%
Cliffs Natural Resources, Inc.	5.750%	03/01/2025	0.2%
Blue Cube Spinco, Inc.	10.000%	10/15/2025	0.2%
PetSmart, Inc.	5.875%	06/01/2025	0.2%
Mclaren Finance PLC	5.000%	08/01/2022	0.2%
Match Group, Inc.	5.000%	12/15/2027	0.2%
Ashland, Inc.	6.875%	05/15/2043	0.2%
Valeant Pharmaceuticals International, Inc.	5.500%	03/01/2023	0.2%
Rio Oil Finance Trust Series 2018-1	8.200%	04/06/2028	0.2%
Centennial Resource Production LLC	5.375%	01/15/2026	0.2%
Intelsat Connect Finance SA	9.500%	02/15/2023	0.2%
Exterran Energy Solutions L.P. / EES Finance Corp.	8.125%	05/01/2025	0.2%
Centene Corp.	4.750%	01/15/2025	0.2%
Denbury Resources, Inc.	5.500%	05/01/2022	0.2%
Weight Watchers International, Inc.	8.625%	12/01/2025	0.2%
Aerovironment, Inc.	0.000%	-	0.2%
Churchill Downs, Inc.	4.750%	01/15/2028	0.2%
HCA, Inc.	8.360%	04/15/2024	0.2%
Jagged Peak Energy LLC	5.875%	05/01/2026	0.2%
IRB Holding Corp	6.750%	02/15/2026	0.2%
Caesars Palace Las Vegas Trust 2017-VICI	4.499%	10/15/2034	0.2%
Tenet Healthcare Corp.	4.625%	07/15/2024	0.2%
Con-way, Inc.	6.700%	05/01/2034	0.2%
Jonah Energy LLC / Jonah Energy Finance Corp	7.250%	10/15/2025	0.2%
CEC Entertainment, Inc.	8.000%	02/15/2022	0.2%
Callon Petroleum Co.	6.125%	10/01/2024	0.2%
Sensata Technologies BV	5.625%	11/01/2024	0.2%
Hess Corp.	0.000%	02/01/2019	0.2%
Nationstar Mortgage Holdings, Inc.	9.125%	07/15/2026	0.2%
Ahern Rentals, Inc.	7.375%	05/15/2023	0.2%
Louisiana-Pacific Corp.	4.875%	09/15/2024	0.2%
99 Cents Only Stores	7.313%	01/13/2022	0.2%
DKT Finance ApS	9.375%	06/17/2023	0.2%
Hilton Domestic Operating Co, Inc.	5.125%	05/01/2026	0.2%
First Data Corp.	5.750%	01/15/2024	0.2%
Berry Petroleum Co.	7.000%	02/15/2026	0.2%
Pacific Rubiales Energy Corp.	9.700%	06/25/2023	0.2%
Allison Transmission, Inc.	5.000%	10/01/2024	0.2%
PGT Escrow Issuer Inc	6.750%	08/01/2026	0.2%
United Rentals, Inc.	4.625%	10/15/2025	0.2%
Brand Energy & Infrastructure Services Inc	8.500%	07/15/2025	0.2%
SRC Energy Inc	6.250%	12/01/2025	0.2%
APX Group, Inc.	7.625%	09/01/2023	0.2%
Rain CII Carbon LLC	7.250%	04/01/2025	0.2%
Rowan Companies, Inc.	4.750%	01/15/2024	0.2%
SeaWorld Entertainment, Inc.	0.000%	-	0.2%
NGPL Pipeco LLC	4.875%	08/15/2027	0.2%
Enova International, Inc.	8.500%	09/01/2024	0.2%
UPCB Finance Ltd.	5.375%	01/15/2025	0.2%
EP Energy LLC	8.000%	11/29/2024	0.2%
Ortho-Clinical Diagnostics Inc / Ortho-Clinical Di	6.625%	05/15/2022	0.2%
Mueller Water Products, Inc.	5.500%	06/15/2026	0.2%
Sirius XM Radio, Inc.	5.375%	07/15/2026	0.2%
Norbord, Inc.	6.250%	04/15/2023	0.2%
Orchestra Borrower LLC / Orchestra Co-Issuer Inc	6.750%	06/15/2022	0.2%
MGIC Investment Corp.	5.750%	08/15/2023	0.2%
Penn National Gaming, Inc.	5.625%	01/15/2027	0.2%
Waste Pro USA Inc	5.500%	02/15/2026	0.2%
MGM Resorts International	6.000%	03/15/2023	0.2%
Under Armour, Inc.	3.250%	06/15/2026	0.2%
Hill-Rom Holdings, Inc.	5.000%	02/15/2025	0.2%
Ingevity Corp.	4.500%	02/01/2026	0.2%
BankUnited, Inc.	4.875%	11/17/2025	0.2%
TRI Pointe Homes LLC	5.250%	06/01/2027	0.2%
Service Corp. International	4.625%	12/15/2027	0.2%
Cogent Communications Group, Inc.	5.375%	03/01/2022	0.2%
The Royal Bank of Scotland Group PLC	7.500%	08/10/2165	0.2%
AECOM	5.125%	03/15/2027	0.2%
AMC Networks, Inc.	4.750%	08/01/2025	0.2%
Pulte Group, Inc.	5.500%	03/01/2026	0.2%
Air Medical Group Holdings, Inc.	6.375%	05/15/2023	0.2%
Rede D'or Finance Sarl	4.950%	01/17/2028	0.2%
ACE Cash Express Inc	12.000%	12/15/2022	0.2%
Caesars Palace Las Vegas Trust 2017-VICI	4.499%	10/15/2034	0.2%
Hema Bondco II BV	8.500%	01/15/2023	0.2%
Curo Group Holdings Corp	8.250%	09/01/2025	0.2%
Sealed Air Corp.	6.875%	07/15/2033	0.2%
Hillman Group, Inc.	6.375%	07/15/2022	0.2%
Marble II Pte Ltd.	5.300%	06/20/2022	0.2%
SPX FLOW, Inc.	5.625%	08/15/2024	0.2%
China Evergrande Group	8.750%	06/28/2025	0.2%
CSI Compressco LP / CSI Compressco Finance Inc	7.500%	04/01/2025	0.2%
HCA, Inc.	5.250%	04/15/2025	0.2%
WPX Energy, Inc.	5.250%	09/15/2024	0.2%
NextEra Energy Operating Partners LP	4.500%	09/15/2027	0.2%
AMC Networks, Inc.	5.000%	04/01/2024	0.2%
Azul Investments LLP	5.875%	10/26/2024	0.2%
HCA, Inc.	7.500%	12/15/2023	0.2%
Pulte Group, Inc.	5.000%	01/15/2027	0.2%
Pisces Midco Inc	8.000%	04/15/2026	0.2%
Chaparral Energy, Inc.	8.750%	07/15/2023	0.2%
Autopistas del Sol SA/Costa Rica	7.375%	12/30/2030	0.2%
Frontier Communications Corp.	6.875%	01/15/2025	0.2%
Yum! Brands, Inc.	5.350%	11/01/2043	0.2%
Britax Childcare	4.500%	10/15/2020	0.2%
Cheniere Energy Partners LP	5.625%	10/01/2026	0.2%
Molina Healthcare, Inc.	1.125%	01/15/2020	0.2%
Glaukos Corp.	0.000%	-	0.2%
AES Red Oak LLC	9.200%	11/30/2029	0.2%
Belo Corp.	7.250%	09/15/2027	0.2%
Quicken Loans Inc	5.250%	01/15/2028	0.2%
Enova International, Inc.	8.500%	09/15/2025	0.2%
SPCM S.A.	4.875%	09/15/2025	0.2%
Williams Scotsman International Inc	7.875%	12/15/2022	0.2%
Jurassic Holdings III, Inc.	6.875%	02/15/2021	0.2%
Gray Television, Inc.	5.875%	07/15/2026	0.2%
Malibu Boats, Inc.	0.000%	-	0.2%
Rumo Luxembourg Sarl	7.375%	02/09/2024	0.2%
Shea Homes LP / Shea Homes Funding Corp.	6.125%	04/01/2025	0.2%
Proto Labs, Inc.	0.000%	-	0.2%
Wendy's International, Inc.	7.000%	12/15/2025	0.2%
BWAY Holding Co.	7.250%	04/15/2025	0.2%
Ingles Markets, Inc.	5.750%	06/15/2023	0.2%
Hilcorp Energy L.P. / Hilcorp Finance Co.	5.750%	10/01/2025	0.2%
MEG Energy Corp.	6.500%	01/15/2025	0.2%
Texas Capital Bank NA/Dallas TX	5.250%	01/31/2026	0.2%
Barminco Finance Pty Ltd.	6.625%	05/15/2022	0.2%
Banff Merger Sub Inc	9.750%	09/01/2026	0.2%
Provincia de Rio Negro	7.750%	12/07/2025	0.2%
Enterprise Development Authority/The	12.000%	07/15/2024	0.2%
Ladder Capital Finance Holdings LLC/Ladder Capital	5.250%	10/01/2025	0.2%
IHeart Communications, Inc.	0.000%	03/01/2021	0.2%
Pactiv Corp.	7.950%	12/15/2025	0.2%
William Lyon Homes, Inc.	5.875%	01/31/2025	0.2%
Cliffs Natural Resources, Inc.	1.500%	01/15/2025	0.2%
Ingevity Corp.	0.000%	-	0.2%
Marriott Ownership Resorts Inc	6.500%	09/15/2026	0.2%
JB Poindexter & Co., Inc.	7.125%	04/15/2026	0.2%
CNO Financial Group, Inc.	5.250%	05/30/2025	0.2%
Hunt Oil Co of Peru LLC Sucursal Del Peru	6.375%	06/01/2028	0.2%
DaVita, Inc.	5.000%	05/01/2025	0.2%
Magnolia Oil & Gas Operating LLC / Magnolia Oil &	6.000%	08/01/2026	0.2%
DexCom, Inc.	0.750%	05/15/2022	0.2%
Intelsat Jackson Hldg	6.625%	01/02/2024	0.2%
HLF Financing Sarl LLC / Herbalife International I	7.250%	08/15/2026	0.2%
Matterhorn Merger Sub LLC / Matterhorn Finance Sub	8.500%	06/01/2026	0.2%
GrubHub, Inc.	0.000%	-	0.2%
Aston Martin Capital Holdings Ltd	6.500%	04/15/2022	0.2%
Compass Minerals International, Inc.	4.875%	07/15/2024	0.2%
Loxo Oncology Inc	0.000%	-	0.2%
ADT Corp.	4.875%	07/15/2032	0.2%
Vistra Operations Co LLC	5.500%	09/01/2026	0.2%
Provincia de la Rioja	9.750%	02/24/2025	0.2%
Twilio, Inc.	0.250%	06/01/2023	0.2%
CIT Group, Inc.	6.125%	03/09/2028	0.2%
WeWork Cos Inc	7.875%	05/01/2025	0.2%
Apergy Corp	6.375%	05/01/2026	0.2%
Targa Resources Partners L.P.	5.875%	04/15/2026	0.2%
Baffinland Iron Mines Corp / Baffinland Iron Mines	8.750%	07/15/2026	0.2%
Acrisure LLC / Acrisure Finance Inc	7.000%	11/15/2025	0.2%
Cheniere Energy Partners LP	5.250%	10/01/2025	0.2%
Chemours Co.	5.375%	05/15/2027	0.2%
Fair Isaac Corp.	5.250%	05/15/2026	0.2%
Pharmaceutical Product Development LLC	6.375%	08/01/2023	0.2%
Eterna Capital Pte Ltd	8.000%	12/11/2022	0.2%
Mohegan Tribal Gaming Authority	7.875%	10/15/2024	0.2%
Laureate Education, Inc.	8.250%	05/01/2025	0.2%
Buena Vista Gaming Authority	13.000%	04/01/2023	0.2%
Murphy Oil USA, Inc.	5.625%	05/01/2027	0.2%
Mattel, Inc.	6.750%	12/31/2025	0.2%
Forum Energy Technologies, Inc.	6.250%	10/01/2021	0.2%
Stonegate Pub Company Financing PLC	4.875%	03/15/2022	0.2%
VeriSign, Inc.	5.250%	04/01/2025	0.2%
Blitz F18-674 GmbH	6.000%	07/30/2026	0.2%
Casella Waste Systems, Inc.	0.000%	-	0.1%
EW Scripps Co.	5.125%	05/15/2025	0.1%
Roku Inc	0.000%	-	0.1%
Rayonier AM Products, Inc.	5.500%	06/01/2024	0.1%
Rockpoint Gas Storage Canada Ltd	7.000%	03/31/2023	0.1%
Hulk Finance Corp	7.000%	06/01/2026	0.1%
WildHorse Resource Development Corp	6.875%	02/01/2025	0.1%
Babcock & Wilcox Co.	5.375%	07/15/2026	0.1%
H&E Equipment Services, Inc.	5.625%	09/01/2025	0.1%
Hilcorp Energy L.P. / Hilcorp Finance Co.	5.000%	12/01/2024	0.1%
Everi Payments Inc	7.500%	12/15/2025	0.1%
Kernel Holding SA	8.750%	01/31/2022	0.1%
Cloud Crane LLC	10.125%	08/01/2024	0.1%
Clearway Energy Operating LLC	5.750%	10/15/2025	0.1%
Jacobs Entertainment, Inc.	7.875%	02/01/2024	0.1%
Meredith Corp.	6.875%	02/01/2026	0.1%
Intelsat Jackson Holdings SA	8.500%	10/15/2024	0.1%
Surgery Center Holdings, Inc.	6.750%	07/01/2025	0.1%
New Home Co, Inc./The	7.250%	04/01/2022	0.1%
Wolverine World Wide, Inc.	5.000%	09/01/2026	0.1%
Indigo Natural Resources LLC	6.875%	02/15/2026	0.1%
York Risk Services Holding Corp	8.500%	10/01/2022	0.1%
ESH Hospitality, Inc.	5.250%	05/01/2025	0.1%
Century Communities, Inc.	5.875%	07/15/2025	0.1%
Community Health Systems, Inc.	5.125%	08/01/2021	0.1%
Versum Materials, Inc.	5.500%	09/30/2024	0.1%
Southern Star Central Corp.	5.125%	07/15/2022	0.1%
TNT Crane and Rigging	6.886%	11/27/2020	0.1%
Boyne USA Inc	7.250%	05/01/2025	0.1%
Rumo Luxembourg Sarl	5.875%	01/18/2025	0.1%
Itron, Inc.	5.000%	01/15/2026	0.1%
Turkiye Sise ve Cam Fabrikalari AS	4.250%	05/09/2020	0.1%
Inter Media and Communication SpA	4.875%	12/31/2022	0.1%
Salem Communications Corp.	6.750%	06/01/2024	0.1%
Geo Group, Inc.	6.000%	04/15/2026	0.1%
Polaris Intermediate Corp	8.500%	12/01/2022	0.1%
Del Frisco's Restaurant Grou	8.250%	06/27/2025	0.1%
Bristow Group, Inc.	8.750%	03/01/2023	0.1%
Balchem Corp.	0.000%	-	0.1%
Warrior Met Coal Inc	8.000%	11/01/2024	0.1%
Mercer International, Inc.	5.500%	01/15/2026	0.1%
Aegea Finance Sarl	5.750%	10/10/2024	0.1%
BCD Acquisition, Inc.	9.625%	09/15/2023	0.1%
Fortive Corp.	0.000%	07/01/2021	0.1%
Tenet Healthcare Corp.	7.000%	08/01/2025	0.1%
SM Energy Co.	6.750%	09/15/2026	0.1%
Deck Chassis Acquisition, Inc.	10.000%	06/15/2023	0.1%
Novelis Corp.	5.875%	09/30/2026	0.1%
MHP Lux SA	6.950%	04/03/2026	0.1%
Swordfish Merger Sub LLC	8.860%	02/02/2026	0.1%
TopBuild Corp.	5.625%	05/01/2026	0.1%
Teleflex, Inc.	4.875%	06/01/2026	0.1%
Central Garden & Pet Co.	5.125%	02/01/2028	0.1%
Targa Resources Partners L.P.	5.375%	02/01/2027	0.1%
CDW Corp.	5.500%	12/01/2024	0.1%
Western Digital Corp.	4.750%	02/15/2026	0.1%
Carrizo Oil & Gas, Inc.	8.250%	07/15/2025	0.1%
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell o	4.750%	06/01/2027	0.1%
Williams Scotsman International Inc	6.875%	08/15/2023	0.1%
NSG Holdings LLC / NSG Holdings, Inc.	7.750%	12/15/2025	0.1%
Gibson Brands, Inc.	8.875%	08/01/2019	0.1%
Sanchez Energy Corp.	7.250%	02/15/2023	0.1%
North American Lifting Holdings, Inc. (aka TNT Crane & Rigging, Inc)	11.386%	11/26/2021	0.1%
Netflix, Inc.	4.375%	11/15/2026	0.1%
FAGE International SA/ FAGE USA Dairy Industry Inc	5.625%	08/15/2026	0.1%
Mobile Mini, Inc.	5.875%	07/01/2024	0.1%
MasTec, Inc.	4.875%	03/15/2023	0.1%
Dutch Lion BV	11.250%	06/15/2020	0.1%
Trident Merger Sub Inc	6.625%	11/01/2025	0.1%
Alcoa Nederland Holding BV	6.125%	05/15/2028	0.1%
Permian Resources LLC / AEPB Finance Corp.	13.000%	11/30/2020	0.1%
Hawaiian Airlines Class B Pass Through Certificate	4.950%	01/15/2022	0.1%
WPX Energy, Inc.	5.750%	06/01/2026	0.1%
CMA CGM SA	5.250%	01/15/2025	0.1%
Targa Resources Partners L.P.	4.250%	11/15/2023	0.1%
Lamb Weston Holdings, Inc.	4.625%	11/01/2024	0.1%
Denbury Resources, Inc.	4.625%	07/15/2023	0.1%
Promontoria Holding 264 BV	6.750%	08/15/2023	0.1%
Buenos Aires, Argentina	7.500%	06/01/2027	0.1%
Flex Acquisition Co Inc	7.875%	07/15/2026	0.1%
United Rentals, Inc.	5.500%	05/15/2027	0.1%
Turkiye Vakiflar Bankasi Tao	5.750%	01/30/2023	0.1%
Acuity Brands, Inc.	0.000%	-	0.1%
Chesapeake Energy Corp.	7.500%	10/01/2026	0.1%
AES Corp.	4.500%	03/15/2023	0.1%
B&G Foods, Inc.	5.250%	04/01/2025	0.1%
Elwood Energy LLC	8.159%	07/05/2026	0.1%
The Royal Bank of Scotland Group PLC	8.625%	08/15/2166	0.1%
Hill-Rom Holdings, Inc.	5.750%	09/01/2023	0.1%
InterXion Holding NV	4.750%	06/15/2025	0.1%
CIBT Solutions, Inc.	9.210%	06/01/2025	0.1%
Antero Midstream Partners L.P. / Antero Midstream	5.375%	09/15/2024	0.1%
QuickSilver Inc.	8.350%	04/08/2024	0.1%
Hub International Ltd.	7.000%	05/01/2026	0.1%
Garda World Security Corp	8.750%	05/15/2025	0.1%
Energizer Gamma Acquisition Inc	6.375%	07/15/2026	0.1%
Popular, Inc.	6.125%	09/14/2023	0.1%
Chesapeake Energy Corp.	7.000%	10/01/2024	0.1%
Tallgrass Energy Partners LP / Tallgrass Energy Fi	4.750%	10/01/2023	0.1%
Republic of Argentina	6.875%	04/22/2021	0.1%
Province of Santa Fe	6.900%	11/01/2027	0.1%
Claire's Stores, Inc.	9.000%	03/15/2019	0.1%
Rio Energy SA / UGEN SA / UENSA SA	6.875%	02/01/2025	0.1%
24 Hour Fitness Worldwide, Inc.	8.000%	06/01/2022	0.1%
Calfrac Holdings L.P.	8.500%	06/15/2026	0.1%
Pulte Group, Inc.	6.375%	05/15/2033	0.1%
Steel Dynamics, Inc.	5.000%	12/15/2026	0.1%
Transocean Proteus Ltd.	6.250%	12/01/2024	0.1%
UTEX Industries	6.242%	05/22/2021	0.1%
Merlin Entertainments PLC	5.750%	06/15/2026	0.1%
Numericable Group S.A.	8.125%	02/01/2027	0.1%
Transocean Phoenix 2 Ltd.	7.750%	10/15/2024	0.1%
Acadia Healthcare Co., Inc.	5.625%	02/15/2023	0.1%
Parsley Energy LLC	6.250%	06/01/2024	0.1%
Sirius XM Radio, Inc.	6.000%	07/15/2024	0.1%
Darling Global Finance BV	3.625%	05/15/2026	0.1%
Tempo Acquisition LLC / Tempo Acquisition Finance	6.750%	06/01/2025	0.1%
Ulta Beauty Inc	0.000%	-	0.1%
Commercial Metals Co.	5.375%	07/15/2027	0.1%
Novelis Corp.	6.250%	08/15/2024	0.1%
Denbury Resources, Inc.	9.000%	05/15/2021	0.1%
AHP Health Partners Inc	9.750%	07/15/2026	0.1%
Shake Shack, Inc.	0.000%	-	0.1%
Monitronics International, Inc.	9.125%	04/01/2020	0.1%
AES Corp.	5.125%	09/01/2027	0.1%
GW Pharmaceuticals plc	0.000%	-	0.1%
Ritchie Bros Auctioneers, Inc.	5.375%	01/15/2025	0.1%
TPC Group, Inc.	8.750%	12/15/2020	0.1%
Powerteam Services LLC	9.636%	03/06/2026	0.1%
Triumph Group, Inc.	5.250%	06/01/2022	0.1%
Holly Energy Partners L.P. / Holly Energy Finance	6.000%	08/01/2024	0.1%
CenturyLink, Inc.	6.750%	12/01/2023	0.1%
GMR Hyderabad International Airport Ltd	4.250%	10/27/2027	0.1%
PF Chang's China Bistro, Inc.	10.250%	06/30/2020	0.1%
Ensco plc	4.500%	10/01/2024	0.1%
Brink's Co/The	4.625%	10/15/2027	0.1%
WTT Investment Ltd/Hong Kong	5.500%	11/21/2022	0.1%
Cardtronics Inc / Cardtronics USA Inc	5.500%	05/01/2025	0.1%
Yak Access LLC	12.148%	07/10/2026	0.1%
Hilton Domestic Operating Co, Inc.	4.250%	09/01/2024	0.1%
Kuehg Corp	10.636%	08/15/2025	0.1%
Genesee & Wyoming, Inc.	0.000%	-	0.1%
EnerSys	5.000%	04/30/2023	0.1%
Toll Brothers Finance Corp.	4.875%	03/15/2027	0.1%
TGP Holdings III LLC	10.886%	09/20/2025	0.1%
Dynagas LNG Partners L.P.	6.250%	10/30/2019	0.1%
SPX FLOW, Inc.	5.875%	08/15/2026	0.1%
Provincia de Mendoza Argentina	8.375%	05/19/2024	0.1%
Werner FinCo LP / Werner FinCo Inc	8.750%	07/15/2025	0.1%
SMG US MIDCO	9.242%	01/23/2026	0.1%
Oxbow Carbon LLC	9.742%	12/18/2023	0.1%
Coeur Mining, Inc.	5.875%	06/01/2024	0.1%
Chobani LLC / Chobani Finance Corp Inc	7.500%	04/15/2025	0.1%
Bill Barrett Corp.	7.000%	10/15/2022	0.1%
Central American Bottling Corp.	5.750%	01/31/2027	0.1%
W/S Packaging Holdings Inc	9.000%	04/15/2023	0.1%
Cargurus Inc	0.000%	-	0.1%
Banco de Galicia y Buenos Aires	8.250%	07/19/2026	0.1%
DPL, Inc.	7.250%	10/15/2021	0.1%
Lennar Corp.	4.500%	04/30/2024	0.1%
Delhi International Airport Pvt Ltd	6.125%	10/31/2026	0.1%
Eclipse Resources Corp.	8.875%	07/15/2023	0.1%
Navicure Inc	9.742%	10/31/2025	0.1%
Guitar Center Escrow Issuer Inc	9.500%	10/15/2021	0.1%
Cole Haan	6.250%	01/31/2020	0.1%
Murphy Oil Corp.	6.875%	08/15/2024	0.1%
Southwestern Energy Co.	7.500%	04/01/2026	0.1%
Illumina, Inc.	0.500%	06/15/2021	0.1%
Columbia Sportswear Co.	0.000%	-	0.1%
Gateway Casinos & Entertainment Ltd	8.250%	03/01/2024	0.1%
Kratos Defense & Security Solutions Inc	6.500%	11/30/2025	0.1%
j2 Cloud Services LLC / j2 Global Co-Obligor Inc	6.000%	07/15/2025	0.1%
Eldorado Intl. Finance GmbH	8.625%	06/16/2021	0.1%
Mercury Computer Systems, Inc.	0.000%	-	0.1%
CVR Partners LP / CVR Nitrogen Finance Corp	9.250%	06/15/2023	0.1%
Petco Animal Supplies, Inc.	5.592%	01/26/2023	0.1%
Boyd Gaming Corp.	6.000%	08/15/2026	0.1%
Chart Industries, Inc.	1.000%	11/15/2024	0.1%
Great Lakes Dredge & Dock Corp.	8.000%	05/15/2022	0.1%
Rowan Companies, Inc.	7.375%	06/15/2025	0.1%
Rackspace Hosting, Inc.	8.625%	11/15/2024	0.1%
Pyxus International Inc	9.875%	07/15/2021	0.1%
AV Homes, Inc.	6.625%	05/15/2022	0.1%
Golar LNG Partners L.P.	8.571%	05/18/2021	0.1%
Fevertree Drinks PLC	0.000%	-	0.1%
Hunt Cos Inc	6.250%	02/15/2026	0.1%
Sarepta Therapeutics, Inc.	1.500%	11/15/2024	0.1%
Gulfport Energy Corp.	6.375%	05/15/2025	0.1%
Fresh Market, Inc.	9.750%	05/01/2023	0.1%
Alliant Holdings Intermediate LLC	8.250%	08/01/2023	0.1%
Kraton Polymers LLC/Capital Corp.	5.250%	05/15/2026	0.1%
RingCentral, Inc.	0.000%	-	0.1%
Delek Logistics Partners LP / Delek Logistics Fina	6.750%	05/15/2025	0.1%
Lamar Media Corp.	5.750%	02/01/2026	0.1%
OCI NV	6.625%	04/15/2023	0.1%
Banco Votorantim S.A.	8.250%	12/07/2167	0.1%
ServiceMaster Co LLC/The	5.125%	11/15/2024	0.1%
Control4 Corp.	0.000%	-	0.1%
Range Resources Corp.	4.875%	05/15/2025	0.1%
Amazon.com, Inc.	0.000%	-	0.1%
Bhn Merger Sub Inc.	9.375%	06/15/2026	0.1%
Trinidad Drilling Ltd.	6.625%	02/15/2025	0.1%
Hot Topic, Inc.	9.250%	06/15/2021	0.1%
Sandy Creek Energy Associates	5.000%	11/09/2020	0.1%
Extraction Oil & Gas Inc	7.375%	05/15/2024	0.1%
Southern Graphics Inc	9.742%	11/22/2023	0.1%
Six Flags Entertainment Corp.	5.500%	04/15/2027	0.1%
MGM Growth Properties Operating Partnership LP / M	5.625%	05/01/2024	0.1%
Stars Group Holdings BV / Stars Group US Co-Borrow	7.000%	07/15/2026	0.1%
Badger Meter, Inc.	0.000%	-	0.1%
Valeant Pharmaceuticals International, Inc.	7.000%	03/15/2024	0.1%
Helix Gen Funding, LLC	5.992%	06/03/2024	0.1%
Wabash National Corp.	5.500%	10/01/2025	0.1%
Edelman Financial Center	9.092%	07/20/2026	0.1%
Comfort Systems USA, Inc.	0.000%	-	0.1%
Pioneer Energy Services Corp.	6.125%	03/15/2022	0.1%
Navistar International Corp.	6.625%	11/01/2025	0.1%
Longview Power	7.000%	03/25/2021	0.1%
Plains All American Pipeline L.P.	6.125%	12/31/2099	0.1%
Sotheby's	4.875%	12/15/2025	0.1%
Bruin E&P Partners LLC	8.875%	08/01/2023	0.1%
Booz Allen Hamilton, Inc.	5.125%	05/01/2025	0.1%
OM Asset Management plc	4.800%	07/27/2026	0.1%
Nokia Corp.	4.375%	06/12/2027	0.1%
Stoneway Capital Corp	10.000%	03/01/2027	0.1%
HEICO Corp.	0.000%	-	0.1%
Tennant Co.	5.625%	05/01/2025	0.1%
Etsy, Inc.	0.000%	03/01/2023	0.1%
VM Holding SA	5.375%	05/04/2027	0.1%
Gopher Sub, Inc.	8.992%	02/02/2026	0.1%
Skyline Champion Corp	0.000%	-	0.1%
Belk, Inc.	5.750%	12/12/2022	0.1%
Unit Corp.	6.625%	05/15/2021	0.1%
Tyler Technologies, Inc.	0.000%	-	0.1%
JBS USA LLC/JBS USA Finance, Inc.	6.750%	02/15/2028	0.1%
Mattel, Inc.	5.450%	11/01/2041	0.1%
Eagle Intermediate Global Holding BV/Ruyi US Finan	7.500%	05/01/2025	0.1%
Targa Resources Corp	0.000%	-	0.1%
PPL Energy Supply LLC	4.600%	12/15/2021	0.1%
Asbury Automotive Group, Inc.	6.000%	12/15/2024	0.1%
Summit Materials LLC	5.125%	06/01/2025	0.1%
JBS USA LLC/JBS USA Finance, Inc.	5.875%	07/15/2024	0.1%
Charles River Laboratories International, Inc.	5.500%	04/01/2026	0.1%
GCP Applied Technologies, Inc.	5.500%	04/15/2026	0.1%
Commercial Barge Line	10.992%	11/12/2020	0.1%
FPC Holdings Inc	11.386%	11/19/2022	0.1%
Elanco Animal Health Inc	4.900%	08/28/2028	0.1%
Imperial Metals Corp.	7.000%	03/15/2019	0.1%
HubSpot, Inc.	0.250%	06/01/2022	0.1%
Delta Merger Sub Inc	6.000%	09/15/2026	0.1%
Hilton Grand Vacations Borrower LLC/Hilton Grand V	6.125%	12/01/2024	0.1%
Live Nation Entertainment, Inc.	5.625%	03/15/2026	0.1%
Container Store	7.242%	09/14/2023	0.1%
SM Energy Co.	0.000%	-	0.1%
Inmarsat Finance plc	6.500%	10/01/2024	0.1%
VF Holding Corp	9.492%	07/02/2026	0.1%
Informatica Corp.	7.125%	07/15/2023	0.1%
Entegris, Inc.	4.625%	02/10/2026	0.1%
Five Below, Inc.	0.000%	-	0.1%
MRP Generation Holdings LLC	9.359%	10/18/2022	0.1%
Shimao Property Holdings Ltd.	5.200%	01/30/2025	0.1%
Optimas OE Solutions Holding LLC / Optimas OE Solu	8.625%	06/01/2021	0.1%
Forterra, Inc.	5.242%	10/25/2023	0.1%
DocuSign Inc	0.000%	-	0.1%
Provident Funding Associates L.P. / PFG Finance Co	6.375%	06/15/2025	0.1%
BMC East LLC	5.500%	10/01/2024	0.1%
Cemig Geracao e Transmissao SA	9.250%	12/05/2024	0.1%
Crosby Group (KKR)	5.212%	11/22/2020	0.1%
Brunello Cucinelli SpA	0.000%	-	0.1%
Altran Technologies	8.992%	06/26/2026	0.1%
Station Casinos LLC	5.000%	10/01/2025	0.1%
CCO Holdings LLC / CCO Holdings Capital Corp.	5.125%	05/01/2027	0.1%
Apex Tool Group LLC / BC Mountain Finance Inc	9.000%	02/15/2023	0.1%
Macquarie Bank Ltd./London	6.125%	03/08/2167	0.1%
Insulet Corp.	1.250%	09/15/2021	0.1%
Horizon Pharma Inc / Horizon Pharma USA Inc	8.750%	11/01/2024	0.1%
Grupo Cementos de Chihuahua SAB de CV	5.250%	06/23/2024	0.1%
Aspen Technology, Inc.	0.000%	-	0.1%
NVIDIA Corp.	0.000%	-	0.1%
Eaglepicher Tech LLC	9.492%	03/09/2026	0.1%
Hadrian Merger Sub Inc	8.500%	05/01/2026	0.1%
Ensco plc	5.200%	03/15/2025	0.1%
Flynn Restaurant Group	9.104%	06/29/2026	0.1%
Ecolab, Inc.	0.000%	-	0.1%
Trex Co., Inc.	0.000%	-	0.1%
Boise Cascade Co.	5.625%	09/01/2024	0.1%
RegionalCare Hospital Partners Holdings Inc	8.250%	05/01/2023	0.1%
Eletson Holdings Inc / Eletson Finance US LLC / Ag	9.625%	01/15/2022	0.1%
Six Flags Entertainment Corp.	4.875%	07/31/2024	0.1%
DIRECT CHASSISLINK INC	8.242%	06/15/2023	0.1%
NV5 Global, Inc.	0.000%	-	0.1%
Netflix, Inc.	0.000%	-	0.1%
Centene Corp.	6.125%	02/15/2024	0.1%
Sugarhouse HSP Gaming Prop Mezz LP/Fin Corp.	5.875%	05/15/2025	0.1%
BBA US Holdings Inc	5.375%	05/01/2026	0.1%
Performance Food Group, Inc.	5.500%	06/01/2024	0.1%
JSL Europe SA	7.750%	07/26/2024	0.1%
Olin Corp.	5.125%	09/15/2027	0.1%
PVH Corp.	3.125%	12/15/2027	0.1%
Hexion, Inc.	6.625%	04/15/2020	0.1%
Boston Beer Co., Inc.	0.000%	-	0.1%
Ziggo BV	5.500%	01/15/2027	0.1%
Wynn Las Vegas LLC	5.500%	03/01/2025	0.1%
Prime Cut Merger Sub Inc	6.607%	03/21/2025	0.1%
MPH Acquisition Holdings LLC	7.125%	06/01/2024	0.1%
EP Energy LLC	8.000%	02/15/2025	0.1%
Starfruit Finco BV / Starfruit US Holdco LLC	6.500%	10/01/2026	0.1%
Dole Food Co., Inc.	7.250%	06/15/2025	0.1%
Colorado Buyer, Inc.	9.360%	05/01/2025	0.1%
Frontera Generation Hold	6.354%	05/02/2025	0.1%
Star West Generation	7.000%	03/13/2020	0.1%
UFC Holdings LLC	9.742%	08/03/2024	0.1%
Solera Finance, Inc.	10.500%	03/01/2024	0.1%
West Street Merger Sub Inc	6.375%	09/01/2025	0.1%
Teva Pharmaceutical Finance Netherlands II BV	1.875%	03/31/2027	0.1%
Prime Security Services Borrower LLC / Prime Finan	9.250%	05/15/2023	0.1%
Wind Tre SpA	5.000%	01/20/2026	0.1%
Newfield Exploration Co.	5.750%	01/30/2022	0.1%
SM Energy Co.	5.625%	06/01/2025	0.1%
Terraform Global Operating LLC	6.125%	03/01/2026	0.1%
Levi Strauss & Co.	3.375%	03/15/2027	0.1%
Excelitas Technologies	9.967%	11/15/2025	0.1%
AMC Entertainment Holdings, Inc.	5.875%	11/15/2026	0.1%
William Lyon Homes, Inc.	6.000%	09/01/2023	0.1%
Speedway Motorsports, Inc.	5.125%	02/01/2023	0.1%
JD Power & Associates	9.500%	06/09/2024	0.1%
Manitowoc Co., Inc.	12.750%	08/15/2021	0.1%
Canopy Growth Corp	4.250%	07/15/2023	0.1%
Silversea Cruise Finance Ltd.	7.250%	02/01/2025	0.1%
WMG Acquisition Corp.	5.000%	08/01/2023	0.1%
Banff Merger Sub Inc	8.375%	09/01/2026	0.1%
Revlon, Inc. Class A	5.571%	09/07/2023	0.1%
Freedom Mortgage Corp	8.125%	11/15/2024	0.1%
Level 3 Financing, Inc.	5.250%	03/15/2026	0.1%
Echo Global Logistics, Inc.	0.000%	-	0.1%
Republic of Argentina	5.625%	01/26/2022	0.1%
Eldorado Resorts, Inc.	6.000%	04/01/2025	0.1%
Academy, LTD.	6.104%	07/02/2022	0.1%
Ashton Woods USA LLC / Ashton Woods Finance Co.	6.750%	08/01/2025	0.1%
Cheniere Corpus Christi Holdings LLC	7.000%	06/30/2024	0.1%
Freedom Mortgage Corp	8.250%	04/15/2025	0.1%
LBC Tank Terminals Holding Netherlands BV	6.875%	05/15/2023	0.1%
Wyndham Worldwide Corp.	6.350%	10/01/2025	0.1%
KeHE Distributors LLC / KeHE Finance Corp.	7.625%	08/15/2021	0.1%
Grinding Media, Inc. / MC Grinding Media Canada, I	7.375%	12/15/2023	0.1%
Kenan Advantage Group, Inc.	7.875%	07/31/2023	0.1%
Silgan Holdings, Inc.	4.750%	03/15/2025	0.1%
Joseph T Ryerson & Son, Inc.	11.000%	05/15/2022	0.1%
Arcos Dorados Holdings, Inc.	5.875%	04/04/2027	0.1%
Southwestern Energy Co.	7.750%	10/01/2027	0.1%
Oceaneering International, Inc.	4.650%	11/15/2024	0.1%
JMC Steel Group	9.875%	06/15/2023	0.1%
Toll Brothers Finance Corp.	4.350%	02/15/2028	0.1%
Griffon Corp.	5.250%	03/01/2022	0.1%
Endeavor Energy Resources L.P.	5.500%	01/30/2026	0.1%
Allegheny Technologies, Inc.	7.875%	08/15/2023	0.1%
Carlson Travel, Inc.	6.750%	12/15/2023	0.1%
Steel Dynamics, Inc.	4.125%	09/15/2025	0.1%
SM Energy Co.	6.625%	01/15/2027	0.1%
Geopark Ltd.	6.500%	09/21/2024	0.1%
Ensco plc	7.750%	02/01/2026	0.1%
Medplast Holdings Inc	10.087%	06/22/2026	0.1%
Bahia Sul Holdings GmbH	6.000%	01/15/2029	0.1%
Air Canada 2015-2 Class B Pass Through Trust	5.000%	12/15/2023	0.1%
Panda Power Funds	8.136%	12/19/2020	0.1%
Mexichem SAB de CV	5.875%	09/17/2044	0.1%
Ascena Retail Group, Inc.	5.250%	08/21/2022	0.1%
AMC Entertainment Holdings, Inc.	6.125%	05/15/2027	0.1%
Provincia de Cordoba	7.450%	09/01/2024	0.1%
Moxie Patriot LLC	8.136%	12/19/2020	0.1%
Precision Drilling Corp.	7.750%	12/15/2023	0.1%
UTEX Industries	9.492%	05/22/2022	0.1%
Noble Holding International Ltd.	6.200%	08/01/2040	0.1%
HCA, Inc.	5.875%	03/15/2022	0.1%
Navient Corp.	6.625%	07/26/2021	0.1%
High Ridge Brands Co.	8.875%	03/15/2025	0.1%
Avsc Holding Corp	9.592%	08/22/2025	0.1%
eDreams ODIGEO SL	5.500%	09/01/2023	0.1%
Bulldog Purchaser Inc	9.860%	08/21/2026	0.1%
Gibson Brands, Inc	11.773%	05/01/2019	0.1%
Navient Corp.	5.875%	03/25/2021	0.1%
Men's Wearhouse, Inc.	7.000%	07/01/2022	0.1%
Ensco plc	5.750%	10/01/2044	0.1%
HCA, Inc.	7.690%	06/15/2025	0.1%
Valeant Pharmaceuticals International, Inc.	6.500%	03/15/2022	0.1%
UC Holdings	0.000%	-	0.1%
CIT Group, Inc.	5.250%	03/07/2025	0.1%
Intelsat SA	4.500%	06/15/2025	0.1%
Transocean Pontus Ltd	6.125%	08/01/2025	0.1%
Wyndham Worldwide Corp.	5.750%	04/01/2027	0.1%
Clearway Energy Operating LLC	5.000%	09/15/2026	0.1%
Oceaneering International, Inc.	6.000%	02/01/2028	0.1%
Gulfport Energy Corp.	6.375%	01/15/2026	0.1%
PDC Energy, Inc.	6.125%	09/15/2024	0.1%
KOC Holding AS	5.250%	03/15/2023	0.1%
Teleflex, Inc.	4.625%	11/15/2027	0.1%
AssuredPartners Inc	7.000%	08/15/2025	0.1%
Covanta Holding Corp.	5.875%	03/01/2024	0.1%
Simmons Foods, Inc.	7.750%	01/15/2024	0.1%
Samarco Mineracao S.A.	4.125%	11/01/2022	0.1%
Chaparral Energy, Inc.	0.000%	-	0.1%
Univision Communications, Inc.	5.125%	02/15/2025	0.1%
Turning Point Brands Inc	0.000%	-	0.1%
Panda Temple Power, LLC	9.800%	02/07/2023	0.1%
HCA, Inc.	5.375%	02/01/2025	0.1%
Stevens Holding Co Inc	6.125%	10/01/2026	0.1%
Bill Barrett Corp.	8.750%	06/15/2025	0.1%
TCF Financial Corp.	0.000%	-	0.1%
Lennar Corp.	4.750%	05/30/2025	0.1%
Hexion Inc / Hexion Nova Scotia Finance ULC	9.000%	11/15/2020	0.0%
California Resources Crp	6.962%	11/17/2022	0.0%
Manchester United Plc	0.000%	-	0.0%
HCA, Inc.	5.875%	02/15/2026	0.0%
Simmons Foods, Inc.	5.750%	11/01/2024	0.0%
MHP S.A.	7.750%	05/10/2024	0.0%
Piaggio & C SpA	3.625%	04/30/2025	0.0%
CSI Compressco LP / CSI Compressco Finance Inc	7.250%	08/15/2022	0.0%
Univision Communications, Inc.	5.125%	05/15/2023	0.0%
MSCI, Inc.	5.375%	05/15/2027	0.0%
Country Garden Holdings Co. Ltd.	4.750%	09/28/2023	0.0%
CIT Group, Inc.	6.000%	04/01/2036	0.0%
Covanta Holding Corp.	5.875%	07/01/2025	0.0%
Gray Television, Inc.	5.125%	10/15/2024	0.0%
Lennar Corp.	4.750%	11/29/2027	0.0%
Dominican Republic International Bond	8.900%	02/15/2023	0.0%
Bulldog Purchaser Inc.	0.000%	08/21/2026	0.0%
CF Industries, Inc.	4.950%	06/01/2043	0.0%
Clearway Energy Operating LLC	5.375%	08/15/2024	0.0%
Acadia Healthcare Co., Inc.	6.500%	03/01/2024	0.0%
Mexichem SAB de CV	5.500%	01/15/2048	0.0%
Credit Index Swap	5.000%	06/20/2023	0.0%
Tupras Turkiye Petrol Rafine	4.500%	10/18/2024	0.0%
Claire's Stores, Inc.	0.000%	-	0.0%
Taseko Mines Ltd.	8.750%	06/15/2022	0.0%
Province of Neuquen	8.625%	05/12/2028	0.0%
Universal Health Services, Inc.	5.000%	06/01/2026	0.0%
CenturyLink, Inc.	6.875%	01/15/2028	0.0%
Templar Energy LLC	0.000%	-	0.0%
Chaparral Energy, Inc.	0.000%	-	0.0%
Remington Outdoor Co. Inc.	0.000%	-	0.0%
Netflix, Inc.	4.875%	04/15/2028	0.0%
FGI Operating Company, LLC	0.000%	05/15/2022	0.0%
FX USD/EUR 12/18	0.000%	12/07/2018	0.0%
Credit Default Swap	5.000%	06/20/2023	0.0%
Cumberland Farms Inc	6.750%	05/01/2025	0.0%
Paprec Holding SA	4.000%	03/31/2025	0.0%
KGA Escrow LLC	7.500%	08/15/2023	0.0%
Coca-Cola Icecek A.S.	4.215%	09/19/2024	0.0%
FX USD/GBP 10/18	0.000%	10/19/2018	0.0%
Credit Default Swap	5.000%	06/20/2023	0.0%
Credit Default Swap	5.000%	06/20/2023	0.0%
Tonon Luxembourg S.A.	10.500%	05/14/2024	0.0%
Credit Default Swap	5.000%	06/20/2023	0.0%
Credit Default Swap	5.000%	06/20/2023	0.0%
Credit Default Swap	5.000%	06/20/2023	0.0%
Credit Default Swap	5.000%	06/20/2023	0.0%
Templar Energy LLC	0.000%	-	0.0%
Stena AB	7.000%	02/01/2024	0.0%
Fairway Group Acquisition Company	9.000%	01/03/2020	0.0%
FX USD/JPY 10/18	0.000%	10/26/2018	0.0%
Fairway Group Acquisition Company	10.000%	10/03/2021	0.0%
Credit Default Swap	1.000%	06/20/2023	0.0%
Credit Default Swap	1.000%	06/20/2023	0.0%
Morgan Stanley Capital I Trust	5.510%	07/15/2056	0.0%
FX USD/EUR 12/18	0.000%	12/07/2018	0.0%
Credit Default Swap	1.000%	06/20/2020	0.0%
Credit Default Swap	1.000%	06/20/2023	0.0%
FX USD/EUR 12/18	0.000%	12/07/2018	0.0%
Credit Default Swap	5.000%	06/20/2023	0.0%
FX USD/EUR 12/18	0.000%	12/07/2018	0.0%
Rack Holdings	9.408%	10/03/2022	0.0%
Credit Default Swap	1.000%	06/20/2023	0.0%
Credit Default Swap	1.000%	06/20/2023	0.0%
FX USD/EUR 12/18	0.000%	12/07/2018	0.0%
Penson Technologies LLC	0.000%	-	0.0%
FX USD/EUR 12/18	0.000%	12/07/2018	0.0%
Afren plc	6.625%	12/09/2020	0.0%
Afren plc	11.500%	02/01/2016	0.0%
Afren plc	10.250%	04/08/2019	0.0%
FX USD/EUR 12/18	0.000%	12/07/2018	0.0%
FX USD/EUR 12/18	0.000%	12/07/2018	0.0%
FX USD/EUR 12/18	0.000%	12/07/2018	0.0%
US LONG BOND(CBT) DEC18	0.000%	12/31/2018	0.0%
US 10YR NOTE (CBT)DEC18	0.000%	12/31/2018	0.0%
US 5YR NOTE (CBT) DEC18	0.000%	01/04/2019	0.0%
US ULTRA BOND CBT DEC18	0.000%	12/31/2018	0.0%
Mirabela Nickel Ltd.	1.000%	09/16/2044	0.0%
Washington Mutual, Inc.	6.875%	06/15/2011	0.0%
General Motors Co.	7.200%	01/15/2049	0.0%
Peabody Energy Corp.	10.000%	03/15/2022	0.0%
Momentive Performance Escrow	0.000%	12/31/2049	0.0%
EURO-BUND FUTURE DEC18	0.000%	12/10/2018	0.0%
Energizer Holdings Inc	0.000%	05/18/2019	0.0%
EURO-BOBL FUT DEC18	0.000%	12/10/2018	0.0%
Fairway Group Acquisition Company	0.000%	-	0.0%
Remington Outdoor Co. Inc.	0.000%	-	0.0%
US 2YR NOTE (CBT) DEC18	0.000%	01/04/2019	0.0%
Credit Default Swap	5.000%	06/20/2023	0.0%
Credit Default Swap	1.000%	06/20/2023	0.0%
FX USD/CAD 12/18	0.000%	12/06/2018	0.0%
FX EUR/USD 12/18	0.000%	12/07/2018	0.0%
FX USD/GBP 10/18	0.000%	10/19/2018	0.0%
Credit Default Swap	5.000%	06/20/2023	0.0%
Credit Default Swap	1.000%	06/20/2023	0.0%
FX USD/EUR 11/18	0.000%	11/16/2018	0.0%
Credit Default Swap	1.000%	06/20/2023	0.0%
FX JPY/USD 10/18	0.000%	10/26/2018	0.0%
Credit Default Swap	1.000%	06/20/2023	0.0%
Credit Default Swap	1.000%	06/20/2023	0.0%
Credit Default Swap	1.000%	06/20/2023	0.0%
Credit Default Swap	1.000%	06/20/2023	0.0%
Credit Default Swap	5.000%	06/20/2023	0.0%
Credit Default Swap	1.000%	06/20/2023	0.0%
Credit Default Swap	1.000%	06/20/2023	0.0%
J.P.Morgan Securities LLC	0.010%	-	0.0%
FX USD/EUR 11/18	0.000%	11/16/2018	0.0%

Sector Allocationas of 10/31/2018

Sector	Weighting	Fund Change from Previous Quarter

Sector	Weighting	Fund Change from Previous Quarter
Retail		0.3%
Insurance		0.2%
Leisure		0.6%
Automotive		0.3%
Banking		0.3%
Capital Goods		0.1%
Real Estate		0.3%
Financial Services		0.3%
Technology & Electronics		1.2%
Media		0.9%
Telecommunications		0.8%
Services		0.3%
Utility		0.7%
Consumer Goods		0.2%
Other		0.0%
Healthcare		0.1%
Transportation		0.3%
Basic Industry		0.9%
Energy		0.5%

Dividends & Cap Gains

Dividend Payments

For

YTD Dividends Paidas of 11/16/2018: $0.342
Dividend Frequency: Monthly (Daily Accrual)

Record Date	Ex-Dividend Date	Reinvest & Payable Date	Dividend	Reinvest Price
Daily	Daily	10/31/2018	$0.03448	$7.30
Daily	Daily	09/30/2018	$0.03343	$7.52
Daily	Daily	08/31/2018	$0.03513	$7.52
Daily	Daily	07/31/2018	$0.03399	$7.47
Daily	Daily	06/30/2018	$0.03387	$7.44
Daily	Daily	05/31/2018	$0.03429	$7.47
Daily	Daily	04/30/2018	$0.03401	$7.53
Daily	Daily	03/31/2018	$0.03498	$7.55
Daily	Daily	02/28/2018	$0.03421	$7.64
Daily	Daily	01/31/2018	$0.03444	$7.76

Upcoming Dividend Payment Dates

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

Capital Gains Distributions

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Click Here To View Estimated Capital Gain 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
12/17/2018	12/18/2018

Fees & Expenses

Expense Ratioas of 10/31/2018

1.19%

Fund Documents

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	Summary Prospectus Publish Date:11/03/2015
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	Semi-Annual Report Publish Date:11/03/2015
	Fact Sheet Publish Date:11/03/2015
	Commentary Publish Date:11/03/2015
	Flyer Publish Date:11/03/2015
	Flyer Publish Date:11/03/2015
	Capital Markets Presentation Publish Date:11/03/2015

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

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

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

IMPORTANT INFORMATION

A Note about Risk: The Fund is subject to the general risks associated with investing in debt securities, including market, credit, liquidity, and interest rate risk. The Fund invests primarily in high-yield, lower-rated securities, sometimes called junk bonds. These securities carry increased risks of price volatility, illiquidity, and the possibility of default in the timely payment of interest and principal. The Fund may invest in foreign or emerging market securities, which may be adversely affected by economic, political, or regulatory factors and subject to currency volatility and greater liquidity risk. The Fund may invest in derivatives, which are subject to greater liquidity, leverage, and counterparty risk. These factors can affect Fund performance.

Performance data quoted is historical. Past performance is not indicative of future results. Current performance may be higher or lower than the performance quoted. The investment return and principal value of an investment in the Fund will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than their original cost. To obtain performance data current to the most recent quarter-end, go to quarter ending performance on our Website or call Lord Abbett at (888) 522-2388.

Class 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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Summary

Summary

What is the High Yield Fund?

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

A HERITAGE OF HIGH YIELD

AN OPPORTUNISTIC APPROACH

STRONG TRACK RECORD

Yield

Dividend Yield 1 as of 11/16/2018

30-Day Standardized Yield 2 as of 10/31/2018

Fund Basicsas of 10/31/2018

Fund Expense Ratio :

1.19%

Fund Expense Ratio :

1.19%

Fund Expense Ratio :

1.19%

Fund Expense Ratio :

1.19%

RELATED CONTENT

Credit Quality Distribution as of 10/31/2018 View Portfolio

Investment Team

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Performance

Performance

Dividend Yield 1 as of 11/16/2018

30-Day Standardized Yield 2 as of 10/31/2018

Fund Expense Ratio :

1.19%

Fund Expense Ratio :

1.19%

Fund Expense Ratio :

1.19%

Fund Expense Ratio :

1.19%

NAV Historical Prices

Portfolio

Portfolio

Credit Quality Distribution as of 10/31/2018

Portfolio Positioning as of 9/30/2018

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

Dividend Yield ¹ as of 11/16/2018

30-Day Standardized Yield ² as of 10/31/2018

Dividend Yield ¹ as of 11/16/2018

30-Day Standardized Yield ² as of 10/31/2018