Image alt tag

Page not optimized for mobile browsing

DST vision is best viewed on desktop and tablet

The Muni-Ladder Interest Rate Scenario Tool is only available on desktop and tablet.

PROCEED GO TO LORDABBETT.COM

Error!

There was a problem contacting the server. Please try after sometime.

Sorry, we are unable to process your request.

Error!

We're sorry, but the Insights and Intelligence Tool is temporarily unavailable

If this problem persists, or if you need immediate assistance, please contact Customer Service at 1-888-522-2388.

Error!

We're sorry, but the Literature Center checkout function is temporarily unavailable.

If this problem persists, or if you need immediate assistance, please contact Customer Service at 1-888-522-2388.

Tracked Funds

You have 0 funds on your mutual fund watch list.

Begin by selecting funds to create a personalized watch list.

(as of 12/05/2015)
View All Tracked Funds
View All Tracked Funds

Quick Links

Follow Us

Pending Orders

You have 0 items in your cart.

Subscribe and order forms, fact sheets, presentations, and other documents that can help advisers grow their business.

Check Out Go Literature Center

Reset Your Password

Financial Professionals*

Your password must be a minimum of characters.

Confirmation Message

Your LordAbbett.com password was successully updated. This page will be refreshed after 3 seconds.

OK

 

High Yield Fund

Daily price w/o sales charge as of 05/17/2019

$7.38

arrowDown$0.01

YTD Returns w/o sales charge as of 05/17/2019

8.71%

Overall Morningstar Ratings

High Yield Bond
as of 04/30/2019

Morningstar rated the Lord Abbett High Yield Fund class R3 share 3, 4 and 4 stars among 609, 524 and 332 High Yield Bond Funds for the overall rating and the 3, 5 and 10 year periods ended 4/30/2019, respectively.

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

Click here to view all legal text including risk information

Summary

Summary

What is the High Yield Fund?

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

A HERITAGE OF HIGH YIELD

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

 

AN OPPORTUNISTIC APPROACH

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

STRONG TRACK RECORD

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

Yield

Dividend Yield 1 as of 05/17/2019  

w/o sales charge 5.34%

30-Day Standardized Yield 2 as of 04/30/2019  

4.86%

Fund Basicsas of 04/30/2019

Total Net Assets
$6.90 B
Inception Date
09/28/2007
Dividend Frequency
Monthly
Fund Expense Ratio
1.20%
Number of Holdings
673

Fund Expense Ratio :

1.20%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/28/2007
w/o sales charge 9.33% 4.45% 7.04% 4.68% 9.72% 7.06%
Lipper Category Avg. High Yield Funds 8.02% 5.36% 6.40% 3.61% 8.76% -
ICE BofAML U.S. High Yield Constrained Index 8.90% 6.71% 7.77% 4.85% 10.18% 7.32%

Fund Expense Ratio :

1.20%

Fund Expense Ratio :

1.20%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/28/2007
w/o sales charge 7.39% 2.78% 7.58% 4.43% 10.42% 6.94%
Lipper Category Avg. High Yield Funds 6.56% 4.39% 6.93% 3.43% 9.56% -
ICE BofAML U.S. High Yield Constrained Index 7.40% 5.93% 8.68% 4.70% 11.21% 7.24%

Fund Expense Ratio :

1.20%

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

RELATED CONTENT

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

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

High Yield: Holding Up in 2018
August 6, 2018

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

High Yield: Active or Passive? Four Points to Consider
March 26, 2018

Here, we offer a closer look at the key attributes—and relative performance—of the two strategies.

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

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

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

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

Credit Quality Distribution as of 04/30/2019 View Portfolio

Rating Assets
BBB
BB
B
<B
Not Rated

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

Investment Team

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Director of Taxable Fixed Income

18 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Chief Investment Officer

28 Years of Industry Experience

Christopher Gizzo
Christopher Gizzo, CFA

Managing Director & Portfolio Manager

11 Years of Industry Experience

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

Contact a Representative

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

Performance

Performance

Dividend Yield 1 as of 05/17/2019  

w/o sales charge 5.34%

30-Day Standardized Yield 2 as of 04/30/2019  

  Subsidized3 Un-Subsidized4
w/o sales charge 4.86% 4.86%

Fund Expense Ratio :

1.20%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/28/2007
w/o sales charge 9.33% 4.45% 7.04% 4.68% 9.72% 7.06%
Lipper Category Avg. High Yield Funds 8.02% 5.36% 6.40% 3.61% 8.76% -
ICE BofAML U.S. High Yield Constrained Index 8.90% 6.71% 7.77% 4.85% 10.18% 7.32%

Fund Expense Ratio :

1.20%

Fund Expense Ratio :

1.20%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/28/2007
w/o sales charge 7.39% 2.78% 7.58% 4.43% 10.42% 6.94%
Lipper Category Avg. High Yield Funds 6.56% 4.39% 6.93% 3.43% 9.56% -
ICE BofAML U.S. High Yield Constrained Index 7.40% 5.93% 8.68% 4.70% 11.21% 7.24%

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% - - - 8.74%
2018 -1.25% -0.10% 2.46% -6.49% -5.49%
2017 2.74% 1.77% 2.50% 0.93% 8.17%
2016 1.93% 5.42% 5.37% 2.11% 15.62%
2015 3.10% 0.66% -4.27% -1.86% -2.49%
2014 2.84% 3.30% -1.88% -1.01% 3.18%
2013 3.89% -0.97% 2.43% 3.77% 9.35%
2012 6.53% 0.30% 4.97% 3.53% 16.12%
2011 3.74% 1.00% -7.04% 5.64% 2.89%
2010 4.84% -0.98% 6.24% 3.32% 13.96%
2009 6.06% 17.31% 13.88% 6.04% 50.25%
2008 -3.46% 1.96% -7.56% -15.67% -23.27%
2007 2.93% 0.13% -0.15% -1.21% 1.67%

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

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

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

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

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

Credit Quality Distribution as of 04/30/2019

Rating Assets
BBB
BB
B
<B
Not Rated

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

Portfolio Positioning as of 3/31/2019

  • High yield bonds posted positive returns over the quarter, as the U.S. Federal Reserve (Fed) pause, progress on trade, and anticipation of a lengthier credit cycle has boosted investor sentiment, along with sharp equity and oil price gains. The segment outperformed investment grade issues, represented by the Bloomberg Barclays U.S. Aggregate Bond Index.
  • The portfolio is overweight the basic industry sector, specifically the building products, materials, chemicals, and metals & mining industries, aligning with our pro-cyclical thesis.
  • The portfolio is overweight the health care sector. We believe this sector is attractive due to improving volumes in the hospitals segment and improved overall sentiment in the industry.
  • The portfolio is underweight the energy sector, specifically in the services and midstream segments, as we believe that increased U.S. production will be a headwind to energy prices going forward.
  • The telecom sector remains the portfolio’s largest underweight, as we believe that, in addition to secular issues faced by the wireline segment, idiosyncratic issues continue to plague major wireline companies.
  • As of quarter-end, the portfolio had modest allocations to out-of-index sectors, such as bank loans, convertibles, investment grade bonds, and equities. We believe select exposures to these sectors offer attractive risk-reward opportunities, potential portfolio diversification benefits and avenues for liquidity.
  • We continue to believe that general economic fundamentals and strong expected earnings growth will favor the lower-rated segments of the high yield market. We expect default rates to remain subdued and believe that high yield spreads can grind tighter from current levels.

Portfolio Details as of 04/30/2019

Total Net Assets
$6.90 B
Number of Issues
673
Average Coupon
6.42%
Average Maturity
6.52 Years
Average Effective Duration
3.91 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%
Ally Financial, Inc. 8.000% 11/01/2031 0.8%
CCO Holdings LLC / CCO Holdings Capital Corp. 5.875% 05/01/2027 0.8%
T-Mobile USA, Inc. 6.500% 01/15/2026 0.7%
Tenet Healthcare Corp. 5.125% 05/01/2025 0.6%
Numericable Group S.A. 7.375% 05/01/2026 0.6%
DISH DBS Corp. 7.750% 07/01/2026 0.6%
Freeport-McMoRan, Inc. 3.875% 03/15/2023 0.6%
TransDigm, Inc. 6.375% 06/15/2026 0.6%
Tesla Motors, Inc. 5.300% 08/15/2025 0.6%
% of Total Assets 7.6%

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

Holding Coupon Maturity Assets
Sprint Capital Corp.6.875% 11/15/20281.7%
T-Mobile USA, Inc.6.500% 01/15/20260.8%
Ally Financial, Inc.8.000% 11/01/20310.7%
Tenet Healthcare Corp.5.125% 05/01/20250.6%
Numericable Group S.A.7.375% 05/01/20260.6%
Freeport-McMoRan, Inc.3.875% 03/15/20230.6%
Tesla Motors, Inc.5.300% 08/15/20250.6%
CCO Holdings LLC / CCO Holdings Capital Corp.5.750% 02/15/20260.6%
HCA, Inc.5.500% 06/15/20470.6%
Valeant Pharmaceuticals International, Inc.5.875% 05/15/20230.6%
TransDigm, Inc.6.375% 06/15/20260.6%
Calpine Corp.5.750% 01/15/20250.6%
Pacific Gas & Electric Co.6.050% 03/01/20340.5%
Netflix, Inc.5.875% 02/15/20250.5%
Netflix, Inc.3.625% 05/15/20270.5%
DISH DBS Corp.7.750% 07/01/20260.5%
General Electric Co.5.000% 12/31/20990.5%
RegionalCare Hospital Partners Holdings Inc / Life9.750% 12/01/20260.5%
Albertsons Cos LLC / Safeway, Inc. / New Albertson6.625% 06/15/20240.5%
CSC Holdings LLC5.500% 04/15/20270.5%
Bombardier, Inc.7.500% 03/15/20250.5%
CCO Holdings LLC / CCO Holdings Capital Corp.5.875% 05/01/20270.5%
United Rentals, Inc.4.875% 01/15/20280.4%
California Resources Corp.8.000% 12/15/20220.4%
Molina Healthcare, Inc.4.875% 06/15/20250.4%
MEG Energy Corp.7.000% 03/31/20240.4%
CSC Holdings LLC10.875% 10/15/20250.4%
Cheniere Corpus Christi Holdings LLC5.875% 03/31/20250.4%
Valeant Pharmaceuticals International, Inc.8.500% 01/31/20270.4%
Altice Luxembourg SA7.750% 05/15/20220.4%
WellCare Health Plans, Inc.5.250% 04/01/20250.4%
NRG Energy, Inc.5.750% 01/15/20280.4%
Intelsat Jackson Holdings SA5.500% 08/01/20230.4%
DKT Finance ApS9.375% 06/17/20230.4%
Cheniere Corpus Christi Holdings LLC5.125% 06/30/20270.3%
Navient Corp.6.125% 03/25/20240.3%
CCO Holdings LLC / CCO Holdings Capital Corp.5.875% 04/01/20240.3%
CF Industries, Inc.5.150% 03/15/20340.3%
Verscend Escrow Corp9.750% 08/15/20260.3%
Sirius XM Radio, Inc.5.000% 08/01/20270.3%
TransDigm, Inc.6.250% 03/15/20260.3%
Chesapeake Energy Corp.7.000% 10/01/20240.3%
Numericable Group S.A.8.125% 02/01/20270.3%
MGM Resorts International4.625% 09/01/20260.3%
Navient Corp.6.750% 06/25/20250.3%
Centene Corp.4.750% 01/15/20250.3%
Diamondback Energy, Inc.4.750% 11/01/20240.3%
Match Group, Inc.5.000% 12/15/20270.3%
AMC Networks, Inc.4.750% 08/01/20250.3%
Rockies Express Pipeline LLC6.875% 04/15/20400.3%
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell o5.000% 06/01/20240.3%
RBS Global & Rexnord Corp.4.875% 12/15/20250.3%
Peabody Energy Corp.6.375% 03/31/20250.3%
Telecom Italia SpA1.125% 03/26/20220.3%
Western Digital Corp.4.750% 02/15/20260.3%
Centene Corp.5.375% 06/01/20260.3%
CSL Capital, LLC8.250% 10/15/20230.3%
Ziggo BV5.500% 01/15/20270.3%
Cliffs Natural Resources, Inc.5.750% 03/01/20250.3%
Tenet Healthcare Corp.6.750% 06/15/20230.3%
Dell International LLC / EMC Corp6.020% 06/15/20260.3%
CCO Holdings LLC / CCO Holdings Capital Corp.5.125% 05/01/20270.3%
Sinclair Broadcast Group, Inc.5.125% 02/15/20270.3%
Tenet Healthcare Corp.6.250% 02/01/20270.3%
UPCB Finance Ltd.5.375% 01/15/20250.3%
Community Health Systems, Inc.8.000% 11/15/20190.3%
Century Communities, Inc.5.875% 07/15/20250.3%
Ingevity Corp.4.500% 02/01/20260.3%
Yingde Gases Investment Ltd6.250% 01/19/20230.3%
Springleaf Finance Corp.6.125% 03/15/20240.3%
CIT Group, Inc.6.125% 03/09/20280.3%
MSCI, Inc.5.750% 08/15/20250.3%
Mueller Water Products, Inc.5.500% 06/15/20260.3%
Magnolia Oil & Gas Operating LLC / Magnolia Oil &6.000% 08/01/20260.3%
Rio Oil Finance Trust Series 2018-18.200% 04/06/20280.3%
GCI LLC6.875% 04/15/20250.3%
CSC Holdings LLC6.500% 02/01/20290.2%
Azul Investments LLP5.875% 10/26/20240.2%
Brand Energy & Infrastructure Services Inc8.500% 07/15/20250.2%
Valeant Pharmaceuticals International, Inc.5.500% 03/01/20230.2%
Pulte Group, Inc.5.000% 01/15/20270.2%
CONSOL Energy Inc11.000% 11/15/20250.2%
CEC Entertainment, Inc.8.000% 02/15/20220.2%
IRB Holding Corp6.750% 02/15/20260.2%
Ashland, Inc.6.875% 05/15/20430.2%
Citgo Holding, Inc.10.750% 02/15/20200.2%
Popular, Inc.6.125% 09/14/20230.2%
Mclaren Finance PLC5.000% 08/01/20220.2%
Summit Materials LLC5.125% 06/01/20250.2%
Ortho-Clinical Diagnostics Inc / Ortho-Clinical Di6.625% 05/15/20220.2%
Beacon Roofing Supply, Inc.4.875% 11/01/20250.2%
MPT Operating Partnership L.P.5.000% 10/15/20270.2%
Alcoa Nederland Holding BV6.750% 09/30/20240.2%
CNO Financial Group, Inc.5.250% 05/30/20250.2%
Churchill Downs, Inc.4.750% 01/15/20280.2%
Synovus Financial Corp.5.900% 02/07/20290.2%
Gibson Brands, Inc0.000% -0.2%
HCA, Inc.8.360% 04/15/20240.2%
Tenet Healthcare Corp.4.625% 07/15/20240.2%
Netflix, Inc.4.625% 05/15/20290.2%
Mattel, Inc.6.750% 12/31/20250.2%
Lennar Corp.4.750% 05/30/20250.2%
DaVita, Inc.5.000% 05/01/20250.2%
Baffinland Iron Mines Corp / Baffinland Iron Mines8.750% 07/15/20260.2%
Sensata Technologies BV5.625% 11/01/20240.2%
Wabtec Corp.3.450% 11/15/20260.2%
Nine Energy Service Inc8.750% 11/01/20230.2%
BEP Ulterra Holdings Inc.7.749% 11/26/20250.2%
Equinix, Inc.2.875% 02/01/20260.2%
Ball Corp.4.875% 03/15/20260.2%
Hilton Domestic Operating Co, Inc.5.125% 05/01/20260.2%
Brink's Co/The4.625% 10/15/20270.2%
Tapstone Energy LLC / Tapstone Energy Finance Corp9.750% 06/01/20220.2%
Callon Petroleum Co.6.125% 10/01/20240.2%
Blue Cube Spinco, Inc.10.000% 10/15/20250.2%
Altice Financing S.A.7.500% 05/15/20260.2%
Cemig Geracao e Transmissao SA9.250% 12/05/20240.2%
Aston Martin Capital Holdings Ltd6.500% 04/15/20220.2%
Everi Payments Inc7.500% 12/15/20250.2%
JBS USA LLC/JBS USA Finance, Inc.6.750% 02/15/20280.2%
Precision Drilling Corp.5.250% 11/15/20240.2%
Conn's, Inc.7.250% 07/15/20220.2%
PGT Escrow Issuer Inc6.750% 08/01/20260.2%
Under Armour, Inc.3.250% 06/15/20260.2%
Hub International Ltd.7.000% 05/01/20260.2%
Berry Petroleum Co.7.000% 02/15/20260.2%
Builders FirstSource, Inc.5.625% 09/01/20240.2%
PetSmart, Inc.5.875% 06/01/20250.2%
Micron Technology, Inc.5.327% 02/06/20290.2%
Intesa Sanpaolo SpA5.710% 01/15/20260.2%
Service Corp. International4.625% 12/15/20270.2%
Covanta Holding Corp.6.000% 01/01/20270.2%
Sandy Creek Energy Associates5.000% 11/09/20200.2%
BankUnited, Inc.4.875% 11/17/20250.2%
Post Holdings, Inc.5.500% 03/01/20250.2%
Eldorado Resorts, Inc.6.000% 04/01/20250.2%
Penn National Gaming, Inc.5.625% 01/15/20270.2%
Noble Holding International Ltd.7.875% 02/01/20260.2%
Intelsat Jackson Holdings SA8.500% 10/15/20240.2%
SM Energy Co.6.625% 01/15/20270.2%
Exterran Energy Solutions L.P. / EES Finance Corp.8.125% 05/01/20250.2%
Sinclair Broadcast Group, Inc.5.875% 03/15/20260.2%
Centennial Resource Production LLC5.375% 01/15/20260.2%
Caesars Palace Las Vegas Trust 2017-VICI4.354% 10/15/20340.2%
Booz Allen Hamilton, Inc.5.125% 05/01/20250.2%
Shea Homes LP / Shea Homes Funding Corp.6.125% 04/01/20250.2%
Waste Pro USA Inc5.500% 02/15/20260.2%
AHP Health Partners Inc9.750% 07/15/20260.2%
Cogent Communications Group, Inc.5.375% 03/01/20220.2%
Macquarie Bank Ltd./London6.125% 03/08/21670.2%
Rede D'or Finance Sarl4.950% 01/17/20280.2%
Weight Watchers International, Inc.8.625% 12/01/20250.2%
Williams Scotsman International Inc6.875% 08/15/20230.2%
Oasis Petroleum, Inc.6.250% 05/01/20260.2%
Banff Merger Sub Inc9.750% 09/01/20260.2%
EW Scripps Co.5.125% 05/15/20250.2%
Horizon Pharma USA Inc8.750% 11/01/20240.2%
Denbury Resources, Inc.5.500% 05/01/20220.2%
KeyCorp.5.000% 12/31/20990.2%
Genworth Holdings Inc4.900% 08/15/20230.2%
Jagged Peak Energy LLC5.875% 05/01/20260.2%
VOC Escrow Ltd5.000% 02/15/20280.2%
Nationstar Mortgage Holdings, Inc.9.125% 07/15/20260.2%
Hillman Group, Inc.6.375% 07/15/20220.2%
Southwestern Energy Co.7.750% 10/01/20270.2%
Jurassic Holdings III, Inc.6.875% 02/15/20210.2%
Gray Television, Inc.7.000% 05/15/20270.2%
Lamb Weston Holdings, Inc.4.875% 11/01/20260.2%
William Carter Co.5.625% 03/15/20270.2%
SPX FLOW, Inc.5.625% 08/15/20240.2%
Surgery Center Holdings, Inc.10.000% 04/15/20270.2%
NGPL Pipeco LLC4.875% 08/15/20270.2%
Toll Brothers Finance Corp.4.875% 03/15/20270.2%
Aegea Finance Sarl5.750% 10/10/20240.2%
AMC Networks, Inc.5.000% 04/01/20240.2%
NextEra Energy Operating Partners LP4.500% 09/15/20270.2%
Intertape Polymer Group Inc7.000% 10/15/20260.2%
WPX Energy, Inc.5.250% 09/15/20240.2%
Cheniere Energy Partners LP5.625% 10/01/20260.2%
HCA, Inc.7.500% 12/15/20230.2%
Lamb Weston Holdings, Inc.4.625% 11/01/20240.2%
TRI Pointe Homes LLC5.250% 06/01/20270.2%
Darling International, Inc.5.250% 04/15/20270.2%
Belo Corp.7.250% 09/15/20270.2%
Yum! Brands, Inc.5.350% 11/01/20430.2%
FAGE International SA/ FAGE USA Dairy Industry Inc5.625% 08/15/20260.2%
HCA, Inc.5.875% 02/01/20290.2%
Rumo Luxembourg Sarl7.375% 02/09/20240.2%
Gray Television, Inc.5.875% 07/15/20260.2%
Advanced Micro Devices, Inc.2.125% 09/01/20260.2%
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell o4.750% 06/01/20270.2%
CSI Compressco LP / CSI Compressco Finance Inc7.500% 04/01/20250.2%
Autopistas del Sol SA/Costa Rica7.375% 12/30/20300.2%
Sirius XM Radio, Inc.5.375% 07/15/20260.2%
Enterprise Development Authority/The12.000% 07/15/20240.2%
Williams Scotsman International Inc7.875% 12/15/20220.2%
Texas Capital Bank NA/Dallas TX5.250% 01/31/20260.2%
West Street Merger Sub Inc6.375% 09/01/20250.2%
Clear Channel Worldwide Holdings, Inc.9.250% 02/15/20240.2%
Ladder Capital Finance Holdings LLC/Ladder Capital5.250% 10/01/20250.2%
Ingles Markets, Inc.5.750% 06/15/20230.2%
MEG Energy Corp.6.500% 01/15/20250.2%
Banff Merger Sub Inc8.375% 09/01/20260.2%
William Lyon Homes, Inc.5.875% 01/31/20250.2%
Marriott Ownership Resorts Inc / ILG LLC6.500% 09/15/20260.2%
Murphy Oil USA, Inc.5.625% 05/01/20270.2%
DaVita, Inc.5.125% 07/15/20240.2%
Rumo Luxembourg Sarl5.875% 01/18/20250.2%
TopBuild Corp.5.625% 05/01/20260.2%
Tronox Finance PLC5.750% 10/01/20250.2%
Rain CII Carbon LLC7.250% 04/01/20250.2%
HLF Financing Sarl LLC / Herbalife International I7.250% 08/15/20260.2%
Boyd Gaming Corp.6.000% 08/15/20260.2%
Cheniere Energy Partners LP5.250% 10/01/20250.2%
VeriSign, Inc.5.250% 04/01/20250.2%
Credit Suisse Group AG7.250% 09/12/21680.2%
Fair Isaac Corp.5.250% 05/15/20260.2%
j2 Cloud Services LLC / j2 Global Co-Obligor Inc6.000% 07/15/20250.2%
Electricite de France SA5.625% 01/22/21640.2%
Community Health Systems, Inc.8.000% 03/15/20260.2%
ViaSat, Inc.5.625% 04/15/20270.2%
Masonite International Corp.5.750% 09/15/20260.2%
Mohegan Tribal Gaming Authority7.875% 10/15/20240.2%
Pharmaceutical Product Development LLC6.375% 08/01/20230.2%
Orchestra Borrower LLC / Orchestra Co-Issuer Inc6.750% 06/15/20220.2%
Kratos Defense & Security Solutions Inc6.500% 11/30/20250.2%
Steel Dynamics, Inc.4.125% 09/15/20250.2%
Sri Lanka (Democratic Socialist Republic of)6.825% 07/18/20260.2%
Meredith Corp.6.875% 02/01/20260.2%
Univision Communications Inc.5.249% 03/15/20240.2%
Uber Technologies Inc8.000% 11/01/20260.2%
Garrett LX I Sarl / Garrett Borrowing LLC5.125% 10/15/20260.2%
Coeur Mining, Inc.5.875% 06/01/20240.2%
JB Poindexter & Co., Inc.7.125% 04/15/20260.2%
Matterhorn Merger Sub LLC / Matterhorn Finance Sub8.500% 06/01/20260.2%
Garda World Security Corp8.750% 05/15/20250.2%
Versum Materials, Inc.5.500% 09/30/20240.2%
ESH Hospitality, Inc.5.250% 05/01/20250.2%
Guitar Center Escrow Issuer Inc9.500% 10/15/20210.2%
InterXion Holding NV4.750% 06/15/20250.2%
Promontoria Holding 264 BV6.750% 08/15/20230.2%
Itron, Inc.5.000% 01/15/20260.2%
Carrizo Oil & Gas, Inc.8.250% 07/15/20250.2%
Surgery Center Holdings, Inc.6.750% 07/01/20250.2%
Apergy Corp6.375% 05/01/20260.2%
W&T Offshore, Inc.9.750% 11/01/20230.2%
U.S. Silica Company6.500% 05/01/20250.1%
Techem Verwaltungsgesellschaft 674 mbH6.000% 07/30/20260.1%
Hilcorp Energy L.P. / Hilcorp Finance Co.5.000% 12/01/20240.1%
Barminco Finance Pty Ltd.6.625% 05/15/20220.1%
Stonegate Pub Company Financing PLC4.875% 03/15/20220.1%
New Gold, Inc.6.250% 11/15/20220.1%
Wendy's International, Inc.7.000% 12/15/20250.1%
Chobani LLC / Chobani Finance Corp Inc7.500% 04/15/20250.1%
Tullow Oil plc7.000% 03/01/20250.1%
Virgin Media Secured Finance plc4.875% 01/15/20270.1%
Boyne USA Inc7.250% 05/01/20250.1%
Air Medical Group Holdings, Inc.6.375% 05/15/20230.1%
Southern Star Central Corp.5.125% 07/15/20220.1%
Jonah Energy LLC / Jonah Energy Finance Corp7.250% 10/15/20250.1%
Pactiv Corp.7.950% 12/15/20250.1%
Wolverine World Wide, Inc.5.000% 09/01/20260.1%
Jacobs Entertainment, Inc.7.875% 02/01/20240.1%
Tenet Healthcare Corp.7.000% 08/01/20250.1%
Cenovus Energy, Inc.4.250% 04/15/20270.1%
Brazos Valley Longhorn LLC / Brazos Valley Longhor6.875% 02/01/20250.1%
Huntington Bancshares, Inc.5.700% 12/31/20990.1%
Provincia de la Rioja9.750% 02/24/20250.1%
Rockpoint Gas Storage Canada Ltd7.000% 03/31/20230.1%
Ashton Woods USA LLC / Ashton Woods Finance Co.6.750% 08/01/20250.1%
WeWork Cos Inc7.875% 05/01/20250.1%
Mercer International, Inc.5.500% 01/15/20260.1%
Teleflex, Inc.4.875% 06/01/20260.1%
Quicken Loans Inc5.250% 01/15/20280.1%
Sealed Air Corp.6.875% 07/15/20330.1%
BCD Acquisition, Inc.9.625% 09/15/20230.1%
Tenneco, Inc.5.000% 07/15/20260.1%
ADT Corp.4.875% 07/15/20320.1%
Transocean Poseidon Ltd6.875% 02/01/20270.1%
Del Frisco's Restaurant Grou8.500% 06/27/20250.1%
Buena Vista Gaming Authority13.000% 04/01/20230.1%
H&E Equipment Services, Inc.5.625% 09/01/20250.1%
Targa Resources Partners L.P.5.375% 02/01/20270.1%
Millicom International Cellular S.A.6.625% 10/15/20260.1%
MPH Acquisition Holdings LLC7.125% 06/01/20240.1%
CDW Corp.5.500% 12/01/20240.1%
Salem Communications Corp.6.750% 06/01/20240.1%
PDC Energy, Inc.6.125% 09/15/20240.1%
Diebold, Inc.8.500% 04/15/20240.1%
Forming Machining Indust6.947% 10/09/20250.1%
Provincia de Rio Negro7.750% 12/07/20250.1%
Polaris Intermediate Corp8.500% 12/01/20220.1%
Clearway Energy Operating LLC5.750% 10/15/20250.1%
Ahern Rentals, Inc.7.375% 05/15/20230.1%
SRC Energy Inc6.250% 12/01/20250.1%
Hilcorp Energy L.P. / Hilcorp Finance Co.5.750% 10/01/20250.1%
Stoneway Capital Corp10.000% 03/01/20270.1%
SPCM S.A.4.875% 09/15/20250.1%
Fresh Market, Inc.9.750% 05/01/20230.1%
Indigo Natural Resources LLC6.875% 02/15/20260.1%
Summit Materials LLC6.500% 03/15/20270.1%
Acrisure LLC / Acrisure Finance Inc8.125% 02/15/20240.1%
OCI NV6.625% 04/15/20230.1%
Exterran Partners L.P. / EXLP Finance Corp.6.875% 04/01/20270.1%
Inter Media and Communication SpA4.875% 12/31/20220.1%
Mobile Mini, Inc.5.875% 07/01/20240.1%
Targa Resources Partners L.P.4.250% 11/15/20230.1%
WPX Energy, Inc.5.750% 06/01/20260.1%
Hill-Rom Holdings, Inc.5.000% 02/15/20250.1%
Trident Merger Sub Inc6.625% 11/01/20250.1%
Chesapeake Energy Corp.7.500% 10/01/20260.1%
Laureate Education, Inc.8.250% 05/01/20250.1%
HCA, Inc.5.375% 02/01/20250.1%
Geo Group, Inc.6.000% 04/15/20260.1%
NSG Holdings LLC / NSG Holdings, Inc.7.750% 12/15/20250.1%
AES Corp.4.500% 03/15/20230.1%
Alliant Holdings Intermediate LLC8.250% 08/01/20230.1%
Netflix, Inc.4.875% 04/15/20280.1%
Hawaiian Airlines Class B Pass Through Certificate4.950% 01/15/20220.1%
Dutch Lion BV11.250% 06/15/20200.1%
Hill-Rom Holdings, Inc.5.750% 09/01/20230.1%
TreeHouse Foods, Inc.6.000% 02/15/20240.1%
Flex Acquisition Co Inc7.875% 07/15/20260.1%
Targa Resources Partners L.P.5.875% 04/15/20260.1%
Antero Midstream Partners L.P. / Antero Midstream5.375% 09/15/20240.1%
Pulte Group, Inc.6.375% 05/15/20330.1%
SM Energy Co.6.750% 09/15/20260.1%
Energizer Holdings, Inc.6.375% 07/15/20260.1%
Steel Dynamics, Inc.5.000% 12/15/20260.1%
Schaeffler Verwaltung Zwei GmbH4.750% 09/15/20260.1%
General Motors Financial Co., Inc.5.650% 01/17/20290.1%
Caesars Palace Las Vegas Trust 2017-VICI4.354% 10/15/20340.1%
Permian Resources LLC / AEPB Finance Corp.13.000% 11/30/20200.1%
Merlin Entertainments PLC5.750% 06/15/20260.1%
Lululemon Athletica, Inc.0.000% -0.1%
Transocean Pontus Ltd6.125% 08/01/20250.1%
Tempo Acquisition LLC / Tempo Acquisition Finance6.750% 06/01/20250.1%
Marble II Pte Ltd.5.300% 06/20/20220.1%
Topgolf International, Inc.8.010% 02/09/20260.1%
Monro Muffler Brake, Inc.0.000% -0.1%
AES Corp.5.125% 09/01/20270.1%
GOBP Holdings Inc.9.658% 10/22/20260.1%
Freedom Mortgage Corp8.250% 04/15/20250.1%
Provident Funding Associates L.P. / PFG Finance Co6.375% 06/15/20250.1%
Sirius XM Radio, Inc.6.000% 07/15/20240.1%
York Risk Services Holding Corp8.500% 10/01/20220.1%
Parsley Energy LLC6.250% 06/01/20240.1%
Ritchie Bros Auctioneers, Inc.5.375% 01/15/20250.1%
Hilton Domestic Operating Co, Inc.4.250% 09/01/20240.1%
MHP Lux SA6.950% 04/03/20260.1%
iRobot Corp.0.000% -0.1%
Buenos Aires, Argentina7.500% 06/01/20270.1%
Allegheny Technologies, Inc.7.875% 08/15/20230.1%
Cardtronics Inc / Cardtronics USA Inc5.500% 05/01/20250.1%
Kernel Holding SA8.750% 01/31/20220.1%
Novelis Corp.6.250% 08/15/20240.1%
Wyndham Hotels & Resorts Inc5.375% 04/15/20260.1%
Central American Bottling Corp.5.750% 01/31/20270.1%
American Axle & Manufacturing, Inc.6.500% 04/01/20270.1%
Transocean Proteus Ltd.6.250% 12/01/20240.1%
Wabash National Corp.5.500% 10/01/20250.1%
Holly Energy Partners L.P. / Holly Energy Finance6.000% 08/01/20240.1%
Lennar Corp.4.500% 04/30/20240.1%
Sanchez Energy Corp.7.250% 02/15/20230.1%
Chaparral Energy, Inc.8.750% 07/15/20230.1%
Hilcorp Energy L.P. / Hilcorp Finance Co.6.250% 11/01/20280.1%
Trimas Corp.4.875% 10/15/20250.1%
Darling Global Finance BV3.625% 05/15/20260.1%
WTT Investment Ltd/Hong Kong5.500% 11/21/20220.1%
Qorvo, Inc.5.500% 07/15/20260.1%
Shake Shack, Inc.0.000% -0.1%
W/S Packaging Holdings Inc9.000% 04/15/20230.1%
William Lyon Homes, Inc.6.000% 09/01/20230.1%
Mirati Therapeutics, Inc.0.000% -0.1%
SPX FLOW, Inc.5.875% 08/15/20260.1%
Elwood Energy LLC8.159% 07/05/20260.1%
Transocean Phoenix 2 Ltd.7.750% 10/15/20240.1%
Great Lakes Dredge & Dock Corp.8.000% 05/15/20220.1%
Kuehg Corp10.851% 08/15/20250.1%
Mirion Technologies Inc6.595% 03/06/20260.1%
Koppers, Inc.6.000% 02/15/20250.1%
Veeva Systems, Inc.0.000% -0.1%
DPL, Inc.7.250% 10/15/20210.1%
Eterna Capital Pte Ltd8.000% 12/11/20220.1%
Murphy Oil Corp.6.875% 08/15/20240.1%
Kenan Advantage Group, Inc.7.875% 07/31/20230.1%
Elanco Animal Health Inc4.900% 08/28/20280.1%
Gateway Casinos & Entertainment Ltd8.250% 03/01/20240.1%
JBS USA LLC/JBS USA Finance, Inc.5.875% 07/15/20240.1%
ServiceMaster Co LLC/The5.125% 11/15/20240.1%
Acrisure LLC / Acrisure Finance Inc7.000% 11/15/20250.1%
Dover Corp.0.000% -0.1%
Stena AB7.000% 02/01/20240.1%
Sage Therapeutics, Inc.0.000% -0.1%
Nokia Corp.4.375% 06/12/20270.1%
TGP Holdings III LLC11.101% 09/20/20250.1%
Helix Gen Funding, LLC6.249% 06/03/20240.1%
GCP Applied Technologies, Inc.5.500% 04/15/20260.1%
MGM Growth Properties Operating Partnership LP / M5.625% 05/01/20240.1%
Chemours Co.5.375% 05/15/20270.1%
Sally Holdings LLC / Sally Capital, Inc.5.625% 12/01/20250.1%
Navicure Inc9.999% 10/31/20250.1%
Stevens Holding Co Inc6.125% 10/01/20260.1%
Lamar Media Corp.5.750% 02/01/20260.1%
Novelis Corp.5.875% 09/30/20260.1%
Zscaler Inc0.000% -0.1%
Oceaneering International, Inc.6.000% 02/01/20280.1%
Golar LNG Partners L.P.8.866% 05/18/20210.1%
American Woodmark Corp.4.875% 03/15/20260.1%
Crown Castle International Corp.0.000% 08/01/20200.1%
Community Health Systems, Inc.5.125% 08/01/20210.1%
Eskom Holdings SOC Ltd.8.450% 08/10/20280.1%
Inmarsat Finance plc6.500% 10/01/20240.1%
Sotheby's4.875% 12/15/20250.1%
New Enterprise Stone & Lime Co., Inc.6.250% 03/15/20260.1%
CVR Partners LP / CVR Nitrogen Finance Corp9.250% 06/15/20230.1%
Glaukos Corp.0.000% -0.1%
Stars Group Holdings BV / Stars Group US Co-Borrow7.000% 07/15/20260.1%
Mercadolibre, Inc.2.000% 08/15/20280.1%
Endeavor Energy Resources L.P.5.500% 01/30/20260.1%
Aspen Technology, Inc.0.000% -0.1%
Charles River Laboratories International, Inc.5.500% 04/01/20260.1%
MSCI, Inc.0.000% -0.1%
Southwestern Energy Co.7.500% 04/01/20260.1%
Tencent Music Entertainment Group0.000% -0.1%
Asbury Automotive Group, Inc.6.000% 12/15/20240.1%
Sugarhouse HSP Gaming Prop Mezz LP/Fin Corp.5.875% 05/15/20250.1%
Live Nation Entertainment, Inc.5.625% 03/15/20260.1%
Latam Finance Ltd.7.000% 03/01/20260.1%
Delphi Technologies PLC5.000% 10/01/20250.1%
Geopark Ltd.6.500% 09/21/20240.1%
Rio Energy SA / UGEN SA / UENSA SA6.875% 02/01/20250.1%
China Evergrande Group8.750% 06/28/20250.1%
Dynagas LNG Partners L.P.6.250% 10/30/20190.1%
Deckers Outdoor Corp.0.000% -0.1%
Station Casinos LLC5.000% 10/01/20250.1%
Valeant Pharmaceuticals International, Inc.7.000% 03/15/20240.1%
Longview Power8.750% 03/25/20210.1%
NVA Holdings Inc/United States6.875% 04/01/20260.1%
Danaher Corp.0.000% 04/15/20220.1%
Chemours Co.4.000% 05/15/20260.1%
Altice Luxembourg SA7.625% 02/15/20250.1%
KGA Escrow LLC7.500% 08/15/20230.1%
LBC Tank Terminals Holding Netherlands BV6.875% 05/15/20230.1%
Bill Barrett Corp.7.000% 10/15/20220.1%
Eldorado Resorts, Inc.6.000% 09/15/20260.1%
24 Hour Fitness Worldwide, Inc.8.000% 06/01/20220.1%
Radiate Holdco LLC / Radiate Finance Inc6.625% 02/15/20250.1%
HEICO Corp.0.000% -0.1%
Simmons Foods, Inc.7.750% 01/15/20240.1%
BBA US Holdings Inc5.375% 05/01/20260.1%
Hema Bondco II BV8.500% 01/15/20230.1%
Hunt Oil Co of Peru LLC Sucursal Del Peru6.375% 06/01/20280.1%
Teledyne Technologies, Inc.0.000% -0.1%
United Rentals, Inc.4.625% 10/15/20250.1%
Louisiana-Pacific Corp.4.875% 09/15/20240.1%
Bright Horizons Family Solutions, Inc.0.000% -0.1%
Etsy, Inc.0.000% 03/01/20230.1%
DENTSPLY International, Inc.0.000% -0.1%
Yak Access LLC12.319% 07/10/20260.1%
Pyxus International Inc9.875% 07/15/20210.1%
QuickSilver Inc.8.350% 04/08/20240.1%
Everbridge, Inc.1.500% 11/01/20220.1%
Performance Food Group, Inc.5.500% 06/01/20240.1%
VM Holding SA5.375% 05/04/20270.1%
Denbury Resources, Inc.9.000% 05/15/20210.1%
RegionalCare Hospital Partners Holdings Inc8.250% 05/01/20230.1%
Dole Food Co., Inc.7.250% 06/15/20250.1%
Navistar International Corp.6.625% 11/01/20250.1%
Warrior Met Coal Inc8.000% 11/01/20240.1%
Acadia Healthcare Co., Inc.5.625% 02/15/20230.1%
AMC Entertainment Holdings, Inc.5.875% 11/15/20260.1%
Bahia Sul Holdings GmbH6.000% 01/15/20290.1%
Tupras Turkiye Petrol Rafine4.500% 10/18/20240.1%
First Solar, Inc.0.000% -0.1%
Shopify, Inc.0.000% -0.1%
VF Holding Corp9.749% 07/02/20260.1%
Six Flags Entertainment Corp.4.875% 07/31/20240.1%
Argenx SE0.000% -0.1%
Norbord, Inc.6.250% 04/15/20230.1%
Provincia de Mendoza Argentina8.375% 05/19/20240.1%
MRP Generation Holdings LLC9.359% 10/18/20220.1%
MGIC Investment Corp.5.750% 08/15/20230.1%
Algeco Scotsman Global Finance plc8.000% 02/15/20230.1%
CoStar Group, Inc.0.000% -0.1%
Extraction Oil & Gas Inc7.375% 05/15/20240.1%
Compass Minerals International, Inc.4.875% 07/15/20240.1%
Miller Homes Group Holdings PLC5.500% 10/15/20240.1%
Altran Technologies9.249% 06/26/20260.1%
World Wrestling Entertainment Inc3.375% 12/15/20230.1%
Twilio, Inc.0.250% 06/01/20230.1%
Five9, Inc.0.125% 05/01/20230.1%
Commercial Barge Line11.249% 11/12/20200.1%
Nemak S.A.B. de C.V.4.750% 01/23/20250.1%
Province of Santa Fe6.900% 11/01/20270.1%
Pinnacle Bidco PLC6.375% 02/15/20250.1%
Zebra Technologies Corp.0.000% -0.1%
Terraform Global Operating LLC6.125% 03/01/20260.1%
Molina Healthcare, Inc.5.375% 11/15/20220.1%
Allison Transmission, Inc.5.000% 10/01/20240.1%
Sanderson Farms, Inc.0.000% -0.1%
Intuitive Surgical, Inc.0.000% -0.1%
Oceaneering International, Inc.4.650% 11/15/20240.1%
Cumberland Farms Inc6.750% 05/01/20250.1%
Frontera Generation Hold6.731% 05/02/20250.1%
Moncler SpA0.000% -0.1%
Netflix, Inc.5.875% 11/15/20280.1%
Griffon Corp.5.250% 03/01/20220.1%
CPUK Finance Ltd4.875% 08/28/20250.1%
Repligen Corp.2.125% 06/01/20210.1%
Airxcel, Inc.7.252% 04/28/20250.1%
B&G Foods, Inc.5.250% 04/01/20250.1%
Cloud Crane LLC10.125% 08/01/20240.1%
Exelixis, Inc.0.000% -0.1%
Thor Industries, Inc.6.483% 02/01/20260.1%
GW Pharmaceuticals plc0.000% -0.1%
Excelitas Technologies10.308% 11/15/20250.1%
General Motors Financial Co., Inc.3.850% 01/05/20280.1%
Werner FinCo LP / Werner FinCo Inc8.750% 07/15/20250.1%
Chegg, Inc.0.250% 05/15/20230.1%
New Home Co, Inc./The7.250% 04/01/20220.1%
JD Power & Associates9.500% 06/09/20240.1%
E*TRADE Financial Corp.5.875% 12/31/20990.1%
Country Garden Holdings Co. Ltd.5.125% 01/17/20250.1%
Hadrian Merger Sub Inc8.500% 05/01/20260.1%
Flynn Restaurant Group9.490% 06/29/20260.1%
WMG Acquisition Corp.5.000% 08/01/20230.1%
Gulfport Energy Corp.6.375% 05/15/20250.1%
Rayonier AM Products, Inc.5.500% 06/01/20240.1%
Levi Strauss & Co.3.375% 03/15/20270.1%
Cheniere Corpus Christi Holdings LLC7.000% 06/30/20240.1%
Wyndham Worldwide Corp.6.350% 10/01/20250.1%
Toll Brothers Finance Corp.4.350% 02/15/20280.1%
Revlon, Inc. Class A5.571% 09/07/20230.1%
PG&E Corp0.000% 12/31/20200.1%
Swordfish Merger Sub LLC9.240% 02/02/20260.1%
Britax Childcare4.500% 10/15/20200.1%
Canopy Growth Corp4.250% 07/15/20230.1%
AssuredPartners Inc7.000% 08/15/20250.1%
Export Credit Bank of Turkey8.250% 01/24/20240.1%
General Motors Co.5.000% 10/01/20280.1%
Bristow Group, Inc.8.750% 03/01/20230.1%
Provincia de Cordoba7.450% 09/01/20240.1%
Mattel, Inc.5.450% 11/01/20410.1%
North American Lifting Holdings, Inc. (aka TNT Crane & Rigging, Inc)11.601% 11/26/20210.1%
Fogo De Chao Inc6.648% 04/07/20250.1%
Powerteam Services LLC9.851% 03/06/20260.1%
Freshpet, Inc.0.000% -0.1%
Moxie Patriot LLC8.351% 12/19/20200.1%
Restoration Hardware Holdings, Inc.0.000% 07/15/20200.1%
Realogy Group LLC / Realogy Co-Issuer Corp9.375% 04/01/20270.1%
American Axle & Manufacturing, Inc.6.250% 04/01/20250.1%
CIBT Solutions, Inc.9.210% 06/01/20250.1%
Mercer International, Inc.7.375% 01/15/20250.1%
Optimas OE Solutions Holding LLC / Optimas OE Solu8.625% 06/01/20210.1%
Owens Corning4.300% 07/15/20470.1%
Chemours Co.7.000% 05/15/20250.1%
Owens Corning4.400% 01/30/20480.1%
Joseph T Ryerson & Son, Inc.11.000% 05/15/20220.1%
MSCI, Inc.5.375% 05/15/20270.1%
Gray Television, Inc.5.125% 10/15/20240.1%
Southern Graphics Inc9.993% 11/22/20230.1%
Vistra Operations Co LLC5.500% 09/01/20260.1%
Medplast Holdings Inc10.351% 06/22/20260.1%
Clearway Energy Operating LLC5.000% 09/15/20260.1%
Claire's Stores, Inc.0.000% -0.1%
Targa Resources Partners L.P.6.500% 07/15/20270.1%
Wyndham Worldwide Corp.5.750% 04/01/20270.1%
AMC Entertainment Holdings, Inc.6.125% 05/15/20270.1%
Ashtead Capital, Inc.5.250% 08/01/20260.1%
Panther BF Aggregator 2 LP / Panther Finance Co In6.250% 05/15/20260.1%
CIT Group, Inc.5.250% 03/07/20250.1%
HCA, Inc.7.690% 06/15/20250.1%
Homology Medicines Inc0.000% -0.1%
AerCap Ireland Capital Ltd.3.650% 07/21/20270.1%
Energizer Holdings, Inc.7.750% 01/15/20270.1%
Teleflex, Inc.4.625% 11/15/20270.1%
Ziggo Bond Co. BV5.875% 01/15/20250.1%
UC Holdings0.000% -0.1%
Lennar Corp.4.750% 11/29/20270.1%
General Motors Co.4.200% 10/01/20270.1%
AerCap Ireland Capital Ltd.4.450% 04/03/20260.1%
Univision Communications, Inc.5.125% 02/15/20250.1%
William Lyon Homes, Inc.7.000% 08/15/20220.1%
Community Health Systems, Inc.6.250% 03/31/20230.1%
Panda Temple Power, LLC9.800% 02/07/20230.1%
Albertsons Cos LLC / Safeway, Inc. / New Albertson5.750% 03/15/20250.1%
Telefonica Celular del Paraguay SA5.875% 04/15/20270.1%
High Ridge Brands Co.8.875% 03/15/20250.1%
CF Industries, Inc.4.950% 06/01/20430.0%
Forum Energy Technologies, Inc.6.250% 10/01/20210.0%
Shockwave Medical Inc0.000% -0.0%
Lyft Inc0.000% -0.0%
Lovesac Co/The0.000% -0.0%
Panther BF Aggregator 2 LP / Panther Finance Co In8.500% 05/15/20270.0%
Credit Index Swap5.000% 12/20/20230.0%
CIT Group, Inc.6.000% 04/01/20360.0%
Claire's Stores, Inc.14.000% 09/05/20380.0%
Monitronics International, Inc.9.125% 04/01/20200.0%
CSI Compressco LP / CSI Compressco Finance Inc7.250% 08/15/20220.0%
PG&E Corp0.000% 12/31/20200.0%
Ashtead Capital, Inc.4.375% 08/15/20270.0%
Chaparral Energy, Inc.0.000% -0.0%
HCA, Inc.5.875% 02/15/20260.0%
Claire's Stores, Inc.0.000% 10/12/20380.0%
FX USD/EUR 05/190.000% 05/14/20190.0%
Panda Power Funds8.351% 12/19/20200.0%
Gulfport Energy Corp.6.375% 01/15/20260.0%
Eldorado Intl. Finance GmbH8.625% 06/16/20210.0%
FGI Operating Company, LLC0.000% 05/15/20220.0%
FX USD/EUR 06/190.000% 06/07/20190.0%
Templar Energy LLC0.000% -0.0%
FX USD/GBP 06/190.000% 06/05/20190.0%
Credit Index Swap5.000% 06/20/20240.0%
Credit Default Swap1.000% 06/20/20200.0%
Tonon Luxembourg S.A.10.500% 05/14/20240.0%
FX USD/EUR 05/190.000% 05/14/20190.0%
FX USD/EUR 05/190.000% 05/14/20190.0%
FX USD/GBP 06/190.000% 06/05/20190.0%
Morgan Stanley Capital I Trust5.510% 07/15/20560.0%
FX USD/GBP 06/190.000% 06/05/20190.0%
Remington Outdoor Co. Inc.0.000% -0.0%
Templar Energy LLC0.000% -0.0%
FX USD/GBP 06/190.000% 06/05/20190.0%
FX USD/EUR 05/190.000% 05/14/20190.0%
FX USD/GBP 06/190.000% 06/05/20190.0%
Rack Holdings9.732% 10/03/20220.0%
Penson Technologies LLC0.000% -0.0%
Container Store7.499% 09/14/20230.0%
Afren plc11.500% 02/01/20160.0%
FX USD/GBP 06/190.000% 06/05/20190.0%
FX USD/EUR 05/190.000% 05/14/20190.0%
Fairway Group Holdings Corp.0.000% 11/24/20230.0%
Fairway Group Holdings Corp.0.000% 02/24/20240.0%
Afren plc10.250% 04/08/20220.0%
FX USD/GBP 06/190.000% 06/05/20190.0%
Afren plc6.625% 12/09/20200.0%
FX USD/CAD 06/190.000% 06/05/20190.0%
FX USD/EUR 05/190.000% 05/14/20190.0%
FX USD/GBP 06/190.000% 06/05/20190.0%
FX USD/EUR 05/190.000% 05/14/20190.0%
US 5YR NOTE (CBT) JUN190.000% 07/03/20190.0%
US 10YR ULTRA FUT JUN190.000% 06/28/20190.0%
US 10YR NOTE (CBT)JUN190.000% 06/28/20190.0%
US ULTRA BOND CBT JUN190.000% 06/28/20190.0%
Mirabela Nickel Ltd.1.000% 09/16/20440.0%
Washington Mutual, Inc.6.875% 06/15/20110.0%
General Motors Co.7.200% 01/15/20490.0%
Momentive Performance Escrow0.000% 12/31/20490.0%
EURO-BUND FUTURE Jun190.000% 06/10/20190.0%
Claire's Stores, Inc.0.000% 09/15/20220.0%
Remington Outdoor Co. Inc.0.000% -0.0%
Fairway Group Acquisition Company0.000% -0.0%
EURO-BOBL FUT Jun190.000% 06/10/20190.0%
US LONG BOND(CBT) JUN190.000% 06/28/20190.0%
FX EUR/USD 06/190.000% 06/07/20190.0%
US 2YR NOTE (CBT) JUN190.000% 07/03/20190.0%
FX EUR/USD 05/190.000% 05/14/20190.0%
FX EUR/USD 05/190.000% 05/14/20190.0%
FX EUR/USD 05/190.000% 05/14/20190.0%
FX GBP/USD 06/190.000% 06/05/20190.0%
FX EUR/USD 05/190.000% 05/14/20190.0%
FX EUR/USD 05/190.000% 05/14/20190.0%
FX EUR/USD 06/190.000% 06/07/20190.0%
FX GBP/USD 06/190.000% 06/05/20190.0%
FX EUR/USD 05/190.000% 05/14/20190.0%
FX EUR/USD 05/190.000% 05/14/20190.0%
FX EUR/USD 05/190.000% 05/14/20190.0%

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 04/30/2019

Sector Weighting Fund Change from Previous Quarter
Sector Weighting Fund Change from Previous Quarter
Basic Industry arrowUp0.6%
Transportation 0.0%
Insurance 0.0%
Leisure 0.0%
Media arrowDown0.2%
Energy arrowUp0.6%
Real Estate arrowUp0.1%
Capital Goods 0.0%
Financial Services 0.0%
Technology & Electronics arrowDown0.2%
Telecommunications 0.0%
Utility arrowDown0.2%
Services arrowUp0.3%
Other arrowDown0.1%
Automotive arrowUp0.5%
Consumer Goods arrowDown0.4%
Banking arrowUp0.2%
Healthcare arrowDown1.0%
Retail arrowDown0.2%

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

Dividend Payments

For
YTD Dividends Paidas of 05/17/2019
$0.133
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
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 05/31/2019
Daily Daily 06/30/2019
Daily Daily 07/31/2019
Daily Daily 08/31/2019
Daily Daily 09/30/2019
Daily Daily 10/31/2019
Daily Daily 11/30/2019
Daily Daily 12/31/2019

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
12/18/2014 12/19/2014 $0.0899 $0.0792 $0.1691 $7.48
*

Taxed as ordinary income

Lord Abbett does not provide tax advice. It is strongly recommended that you discuss the impact of dividends and distributions with your tax advisor. 

Upcoming Capital Gain Distribution

Record Date Ex-Dividend Date
12/17/2019 12/18/2019

Fees & Expenses

Fees & Expenses

Expense Ratioas of 04/30/2019

1.20%

Fund Documents

Fund Documents

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

0Documents selected
Order
Summary Prospectus
Publish Date:11/03/2015
n/a
Statutory Prospectus
Publish Date:11/03/2015
n/a
Prospectus (XBRL)
Publish Date:11/03/2015
SAI
Publish Date:11/03/2015
Annual Report
Publish Date:11/03/2015
Semi-Annual Report
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015
Commentary
Publish Date:11/03/2015
Publish Date:11/03/2015

To order literature visit full website

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

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

 
 Quantity
Quantity
 Remove
Remove
+

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.

 

 

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.

Select funds to run a Morningstar Hypothetical Report.

    Please confirm your literature shipping address

    Please review the address information below and make any necessary changes.

    All literature orders will be shipped to the address that you enter below. This information can be edited at any time.

    Current Literature Shipping Address

    * Required field