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Income Fund

Daily price w/o sales charge as of 04/07/2020

$2.63

arrowUp$0.02

YTD Returns w/o sales charge as of 04/07/2020

-8.61%

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 Income Fund?

The Fund seeks to deliver a high level of current income by investing primarily in a wide range of investment grade fixed income securities. 
 

FOCUS ON CORPORATE CREDIT

The investment team focuses on corporate bonds, diversified with select mortgage, high yield and non-U.S. securities to provide the opportunity for attractive total return.

BUILT ON INTENSIVE RESEARCH

The strategy employs quantitative and fundamental research to drive sector rotation and security selection.

IDENTIFY INCOME

The investment process identifies fixed-income sectors and securities with attractive valuations to provide the opportunity to deliver income.

Yield

Dividend Yield 1 as of 04/07/2020  

w/o sales charge 4.59%

30-Day Standardized Yield 2 as of 02/29/2020  

2.94%

In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.

Fund Basicsas of 02/28/2020

Total Net Assets
$2.89 B
Inception Date
04/05/2017
Dividend Frequency
Monthly
Fund Expense Ratio
0.49%
Number of Holdings
675

Fund Expense Ratio :

0.49%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge -9.04% -2.17% 1.84% 2.32% 4.82% -
Lipper Category Avg. Corporate Debt Funds BBB-Rated -3.24% 4.26% 3.67% 2.93% 4.62% -
Bloomberg Barclays U.S. Credit Bond Index -3.14% 5.10% 4.19% 3.28% 4.75% -

Fund Expense Ratio :

0.49%

Fund Expense Ratio :

0.49%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge -9.04% -2.17% 1.84% 2.32% 4.82% -
Lipper Category Avg. Corporate Debt Funds BBB-Rated -3.24% 4.26% 3.67% 2.93% 4.62% -
Bloomberg Barclays U.S. Credit Bond Index -3.14% 5.10% 4.19% 3.28% 4.75% -

Fund Expense Ratio :

0.49%

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

The performance quoted represents past performance, which is no indication of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Therefore, there can be no assurance for future results.

Type Assets
Investment Grade Corporate
High Yield Corporate
U.S. Government Related
ABS
Bank Loans
Sovereign
CMBS
MBS
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 02/28/2020 View Portfolio

Rating Assets
U.S. Treasury
Agency
AAA
AA
A
BBB
<BBB
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 median, but if there are only two ratings, the lower rating is used. 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

Andrew H. O'Brien
Andrew H. O'Brien, CFA

Partner & Portfolio Manager

21 Years of Industry Experience

Kewjin Yuoh
Kewjin Yuoh

Partner & Portfolio Manager

25 Years of Industry Experience

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

Yoana N. Koleva
Yoana N. Koleva, CFA

Managing Director & Portfolio Manager

16 Years of Industry Experience

Eric P. Kang
Eric P. Kang

Portfolio Manager

20 Years of Industry Experience

Supported By 62 Investment Professionals with 16 Years Avg. Industry Experience

Contact a Representative

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

Performance

Performance

Dividend Yield 1 as of 04/07/2020  

w/o sales charge 4.59%

30-Day Standardized Yield 2 as of 02/29/2020  

  Subsidized5 Un-Subsidized6
w/o sales charge 2.94% 2.94%

In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.

Fund Expense Ratio :

0.49%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge -9.04% -2.17% 1.84% 2.32% 4.82% -
Lipper Category Avg. Corporate Debt Funds BBB-Rated -3.24% 4.26% 3.67% 2.93% 4.62% -
Bloomberg Barclays U.S. Credit Bond Index -3.14% 5.10% 4.19% 3.28% 4.75% -

Fund Expense Ratio :

0.49%

Fund Expense Ratio :

0.49%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge -9.04% -2.17% 1.84% 2.32% 4.82% -
Lipper Category Avg. Corporate Debt Funds BBB-Rated -3.24% 4.26% 3.67% 2.93% 4.62% -
Bloomberg Barclays U.S. Credit Bond Index -3.14% 5.10% 4.19% 3.28% 4.75% -

Fund Expense Ratio :

0.49%

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

The performance quoted represents past performance, which is no indication of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Therefore, there can be no assurance for future results.

Year Fund Returns Bloomberg Barclays U.S. Credit Bond Index
2019 13.22% 13.80%
2018 -2.41% -2.11%
2017 7.25% 6.18%
2016 9.06% 5.63%
2015 -2.81% -0.77%
2014 7.54% 7.53%
2013 0.57% -2.01%
2012 12.84% 9.37%
2011 6.85% 8.35%
2010 11.58% 8.47%
2009 30.90% -
2008 -10.13% -
2007 7.07% -
2006 - -
Year Q1 Q2 Q3 Q4 Yearly Returns
2020 -9.04% - - - -8.61%
2019 5.27% 3.61% 2.44% 1.34% 13.22%
2018 -1.42% -0.69% 0.74% -1.06% -2.41%
2017 2.05% 2.38% 1.32% 1.31% 7.25%
2016 3.14% 4.44% 2.83% -1.53% 9.06%
2015 1.90% -1.65% -2.02% -1.01% -2.81%
2014 3.79% 3.71% -0.11% 0.01% 7.54%
2013 1.28% -3.45% 1.00% 1.84% 0.57%
2012 3.85% 1.36% 4.77% 2.32% 12.84%
2011 2.10% 2.42% -0.36% 2.55% 6.85%
2010 3.83% 1.88% 5.48% 0.00% 11.58%
2009 3.23% 12.96% 9.72% 2.32% 30.90%
2008 1.27% 0.26% -5.95% -5.90% -10.13%
2007 1.26% -0.76% 3.25% 3.19% 7.07%
2006 - - - 0.86% -

Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Type Assets
Investment Grade Corporate
High Yield Corporate
U.S. Government Related
ABS
Bank Loans
Sovereign
CMBS
MBS
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 02/28/2020

Rating Assets
U.S. Treasury
Agency
AAA
AA
A
BBB
<BBB
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 median, but if there are only two ratings, the lower rating is used. 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 12/31/2019

  • While the financials sector continues to be the largest absolute position, we reduced the portfolio’s exposure during the fourth quarter, specifically taking down the portfolio’s allocation to financial companies located within the U.K. and Europe. As the market has begun to come to terms with ‘Brexit,’ we were able to capitalize on favorable trades.
  • We increased the portfolio’s exposure to high yield corporate bonds, primarily focusing on opportunities within the energy sector. We are attracted to high yield corporate bonds within the energy sector that have seen significant spread widening during the quarter. We increased the portfolio’s allocation to take advantage of the relative value opportunities and potential spread compression in the upcoming months.
  • Although we still generally consider the consumer, non-cyclicals sector to be fairly valued and faced with event risks, we have identified select opportunities that led to a reduction in the portfolio’s notable underweight. Within the consumer, non-cyclicals sector, we increased the portfolio’s allocation to a few health care and pharmaceutical names, taking advantage of idiosyncratic opportunities that we found attractive.
  • Relative to the benchmark, the portfolio is overweight the utilities sector. We continue remain attracted to this defensive sector, as we believe securities within this sector offer attractive yield opportunities while mitigating downside risk due to their non-cyclical nature and their subjection to heavy regulations, which limit leverage.

Portfolio Details as of 02/28/2020

Total Net Assets
$2.89 B
Number of Issues
675
Average Coupon
4.61%
Average Life
8.99 Years
Average Maturity
8.99 Years
Average Effective Duration
6.7 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 Life - Measures how long it will take, on average, to receive the repayment of the principal amount on a debt security.  Average life is often used in connection with mortgage-backed securities as a measurement of the length of time, on average, before the underlying mortgages are paid, refinanced, or otherwise retired.

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
U.S. Treasury Note/Bond 1.125% 02/28/2025 4.0%
U.S. Treasury Note/Bond 1.500% 02/15/2030 2.1%
Verizon Communications, Inc. 3.010% 05/15/2025 1.3%
Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worl 4.700% 02/01/2036 1.3%
Japan Treasury Discount Bill 0.000% 04/13/2020 1.2%
AbbVie, Inc. 4.250% 11/21/2049 1.0%
U.S. Treasury Note/Bond 1.375% 01/31/2022 1.0%
CVS Caremark Corp. 4.300% 03/25/2028 0.8%
AT&T, Inc. 3.312% 06/12/2024 0.8%
Time Warner Cable LLC 7.300% 07/01/2038 0.8%
% of Total Assets 14.3%
Holding Coupon Maturity Assets
U.S. Treasury Note/Bond1.125% 02/28/20254.0%
U.S. Treasury Note/Bond1.500% 02/15/20302.1%
Verizon Communications, Inc.3.010% 05/15/20251.3%
Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worl4.700% 02/01/20361.3%
Japan Treasury Discount Bill0.000% 04/13/20201.2%
AbbVie, Inc.4.250% 11/21/20491.0%
U.S. Treasury Note/Bond1.375% 01/31/20221.0%
CVS Caremark Corp.4.300% 03/25/20280.8%
AT&T, Inc.3.312% 06/12/20240.8%
Time Warner Cable LLC7.300% 07/01/20380.8%
AT&T, Inc.6.000% 08/15/20400.7%
General Motors Co.6.750% 04/01/20460.7%
General Electric Co.5.000% 12/31/20990.6%
PSEG Power LLC8.625% 04/15/20310.6%
BAT Capital Corp4.390% 08/15/20370.6%
Ford Motor Co.7.450% 07/16/20310.6%
NBCUniversal Enterprise, Inc.5.250% 06/19/20990.5%
UBS AG Registered Shares5.125% 05/15/20240.5%
Goldman Sachs Group, Inc.6.750% 10/01/20370.5%
ENI SpA5.700% 10/01/20400.5%
Cox Communications, Inc.8.375% 03/01/20390.5%
Helmerich & Payne, Inc.4.650% 03/15/20250.5%
CVS Caremark Corp.4.780% 03/25/20380.5%
Universal Health Services, Inc.4.750% 08/01/20220.5%
Valero Energy Corp.10.500% 03/15/20390.5%
U.S. Treasury Note0.500% 04/15/20240.5%
Danske Bank A/S5.375% 01/12/20240.5%
Bank of Ireland Group PLC4.125% 09/19/20270.5%
U.S. Treasury Note/Bond2.000% 02/15/20500.5%
Las Vegas Sands Corp.3.900% 08/08/20290.4%
Dell International LLC / EMC Corp.8.350% 07/15/20460.4%
EPR Properties4.950% 04/15/20280.4%
Bacardi Ltd.4.700% 05/15/20280.4%
NGPL Pipeco LLC4.875% 08/15/20270.4%
National Australia Bank Ltd.3.933% 08/02/20340.4%
Ovintiv Inc0.000% 03/26/20200.4%
Nvent Finance Sarl4.550% 04/15/20280.4%
Energy Transfer Partners L.P.0.000% 03/04/20200.4%
RPI Finance Trust0.000% 02/07/20250.4%
Sabine Pass Liquefaction LLC5.625% 04/15/20230.4%
Bermuda Government International Bond3.717% 01/25/20270.4%
Ally Financial, Inc.8.000% 11/01/20310.4%
Patterson-UTI Energy, Inc.3.950% 02/01/20280.4%
Royal Caribbean Cruises Ltd.7.500% 10/15/20270.4%
Bank of America Corp.4.450% 03/03/20260.4%
Wells Fargo Capital X5.950% 12/15/20360.4%
Catholic Health Initiatives3.347% 10/01/20290.4%
Williams Cos., Inc.8.750% 03/15/20320.4%
Suncor Energy, Inc.7.875% 06/15/20260.4%
Aircastle Ltd.4.250% 06/15/20260.4%
NRG Energy, Inc.4.450% 06/15/20290.4%
Alimentation Couche-Tard, Inc.2.950% 01/25/20300.4%
Continental Resources, Inc.5.000% 09/15/20220.4%
Macquarie Group Ltd.4.654% 03/27/20290.4%
Smithfield Foods, Inc.5.200% 04/01/20290.3%
Enbridge Energy Partners L.P.7.500% 04/15/20380.3%
Altria Group, Inc.5.950% 02/14/20490.3%
BAT International Finance plc0.000% 03/25/20200.3%
Boeing Co0.000% 02/06/20220.3%
Bank of America Corp.3.824% 01/20/20280.3%
Teachers Insurance & Annuity Association of Americ4.900% 09/15/20440.3%
UBS AG7.625% 08/17/20220.3%
Sabine Pass Liquefaction LLC5.875% 06/30/20260.3%
Baidu, Inc.3.875% 09/29/20230.3%
CNH Capital LLC4.375% 04/05/20220.3%
Oglethorpe Power Corp.5.950% 11/01/20390.3%
FirstEnergy Transmission LLC4.550% 04/01/20490.3%
Apache Corp.5.100% 09/01/20400.3%
HCA, Inc.5.125% 06/15/20390.3%
Canadian Natural Resources Ltd.7.200% 01/15/20320.3%
TransAlta Corp.4.500% 11/15/20220.3%
HCA, Inc.5.500% 06/15/20470.3%
VEREIT Operating Partnership L.P.4.875% 06/01/20260.3%
Park Aerospace Holdings Ltd5.500% 02/15/20240.3%
MPLX L.P.5.250% 01/15/20250.3%
General Electric Co.6.150% 08/07/20370.3%
Leidos, Inc.7.125% 07/01/20320.3%
Freeport-McMoRan, Inc.5.450% 03/15/20430.3%
Hess Corp.5.800% 04/01/20470.3%
Protective Life Corp.8.450% 10/15/20390.3%
Ausgrid Finance Pty Ltd4.350% 08/01/20280.3%
New York and Presbyterian Hospital/The3.954% 08/01/21190.3%
CNO Financial Group, Inc.5.250% 05/30/20250.3%
DPL, Inc.4.350% 04/15/20290.3%
Navient Corp.6.750% 06/25/20250.3%
Discover Bank4.682% 08/09/20280.3%
Dell International LLC / EMC Corp6.020% 06/15/20260.3%
Burlington Northern Santa Fe LLC5.750% 05/01/20400.3%
Dollar Tree, Inc.4.200% 05/15/20280.3%
Wabtec Corp.4.700% 09/15/20280.3%
Fresenius Medical Care US Finance II, Inc.5.875% 01/31/20220.3%
MPLX L.P.3.202% 09/09/20220.3%
CNAC HK Finbridge Co Ltd4.125% 07/19/20270.3%
ZF North America Capital, Inc.4.750% 04/29/20250.3%
Santander UK plc7.950% 10/26/20290.3%
Cheniere Corpus Christi Holdings LLC7.000% 06/30/20240.3%
Kayne CLO 7 Ltd0.000% 04/17/20330.3%
Centene Corp.4.625% 12/15/20290.3%
Trimble Navigation Ltd.4.900% 06/15/20280.3%
Walgreen Co.3.800% 11/18/20240.3%
Carnival plc7.875% 06/01/20270.3%
AerCap Ireland Capital Ltd.3.500% 01/15/20250.3%
National Fuel Gas Co.3.750% 03/01/20230.3%
Aon plc8.205% 01/01/20270.3%
SOUND POINT CLO XVII3.419% 10/20/20300.3%
Anglo American Capital plc4.750% 04/10/20270.2%
JBS USA LUX SA / JBS USA Food Co / JBS USA Finance6.500% 04/15/20290.2%
Imperial Tobacco Finance plc3.875% 07/26/20290.2%
Global Atlantic Fin Co4.400% 10/15/20290.2%
Universal Health Services, Inc.5.000% 06/01/20260.2%
Bank of Montreal3.803% 12/15/20320.2%
Federal Home Loan Mortgage Corp.4.000% 10/01/20490.2%
PVH Corp.7.750% 11/15/20230.2%
Emera, Inc.6.750% 06/15/20760.2%
Netflix, Inc.3.625% 05/15/20270.2%
Consolidated Communications4.610% 10/05/20230.2%
Emera US Finance L.P.4.750% 06/15/20460.2%
Broadcom Inc0.000% 03/24/20200.2%
American Airlines Class B Pass Through Trust4.375% 10/01/20220.2%
Sabine Pass Liquefaction LLC5.750% 05/15/20240.2%
Time Warner Entertainment Co. L.P.8.375% 07/15/20330.2%
American Axle & Manufacturing, Inc.3.880% 04/06/20240.2%
Shackleton 2019-XIV Clo Ltd3.719% 07/20/20300.2%
Playtika Holding Corp7.603% 12/03/20240.2%
BX Commercial Mortgage Trust 2019-XL3.109% 10/15/20360.2%
Fox Corp5.476% 01/25/20390.2%
Occidental Petroleum Corp.7.875% 09/15/20310.2%
Glencore Finance Canada Ltd.5.550% 10/25/20420.2%
Hilcorp Energy L.P. / Hilcorp Finance Co.6.250% 11/01/20280.2%
Sprint Communications, Inc.4.125% 02/02/20240.2%
Cleco Power LLC6.000% 12/01/20400.2%
Elanco Animal Health Incorporated3.404% 02/04/20270.2%
WOW! (Wide Open West)4.889% 08/18/20230.2%
Neuberger Berman Group LLC4.875% 04/15/20450.2%
Wyndham Hotels & Resorts3.972% 03/28/20250.2%
Citigroup, Inc.2.666% 01/29/20310.2%
Halliburton Co.7.450% 09/15/20390.2%
Kinross Gold Corp.4.500% 07/15/20270.2%
BX Commercial Mortgage Trust 2019-XL3.659% 10/15/20360.2%
Fresenius Medical Care US Finance II, Inc.4.750% 10/15/20240.2%
El Paso Electric Co.5.000% 12/01/20440.2%
Kansas City Southern4.200% 11/15/20690.2%
Selective Insurance Group, Inc.5.375% 03/01/20490.2%
Midwest Connector Capital Co LLC3.900% 04/01/20240.2%
Owens Corning4.300% 07/15/20470.2%
Assurant, Inc.3.700% 02/22/20300.2%
Broadcom Corp. / Broadcom Cayman Finance Ltd.3.875% 01/15/20270.2%
American Homes 4 Rent LP4.250% 02/15/20280.2%
Brixmor Operating Partnership L.P.3.850% 02/01/20250.2%
AutoNation, Inc.0.000% 03/02/20200.2%
Equinix, Inc.5.375% 05/15/20270.2%
Citigroup, Inc.3.668% 07/24/20280.2%
ALM VII Ltd3.681% 07/15/20290.2%
Dominion Resources, Inc.7.000% 06/15/20380.2%
Mount Sinai Hospitals Group Inc3.737% 07/01/20490.2%
Cleco Corp.4.973% 05/01/20460.2%
Bayer US Finance II LLC4.375% 12/15/20280.2%
U.S. Treasury Note/Bond1.125% 02/28/20220.2%
BX Commercial Mortgage Trust 2019-XL3.459% 10/15/20360.2%
Bayer US Finance II LLC3.875% 12/15/20230.2%
Webster Financial Corp.4.100% 03/25/20290.2%
Enel Finance International N.V.2.750% 04/06/20230.2%
GATX Corp.4.550% 11/07/20280.2%
Northwell Healthcare, Inc.3.979% 11/01/20460.2%
SL Green Operating Partnership L.P.3.250% 10/15/20220.2%
JB y Co SA de CV3.750% 05/13/20250.2%
Tencent Holdings Ltd.3.595% 01/19/20280.2%
Steel Dynamics, Inc.5.000% 12/15/20260.2%
SCANA Corp.4.125% 02/01/20220.2%
Lloyds Bank plc6.500% 09/14/20200.2%
Air Medical Group Holdings, Inc.4.932% 04/28/20220.2%
AerCap Ireland Capital Ltd.3.875% 01/23/20280.2%
National Oilwell Varco, Inc.3.950% 12/01/20420.2%
Cimarex Energy Co.4.375% 03/15/20290.2%
Tenneco, Inc.5.000% 07/15/20260.2%
Weyerhaeuser Co.8.500% 01/15/20250.2%
Owens Corning7.000% 12/01/20360.2%
Schaeffler Verwaltung Zwei GmbH4.750% 09/15/20260.2%
Hanover Insurance Group, Inc.4.500% 04/15/20260.2%
E*TRADE Financial Corp.5.875% 12/31/20990.2%
NextEra Energy Capital Holdings, Inc.2.630% 02/25/20220.2%
Bank of America Corp.2.559% 10/01/20210.2%
Venture XXIV CLO Ltd3.869% 10/20/20280.2%
LYB Americas Finance Co3.445% 03/29/20220.2%
Puget Energy, Inc.3.650% 05/15/20250.2%
Allegany Park CLO Ltd5.536% 01/20/20330.2%
BlueMountain CLO 2016-1 Ltd3.169% 04/20/20270.2%
AI Aqua Merger Sub, Inc.0.000% 12/13/20230.2%
Government National Mortgage Association2.600% 06/16/20570.2%
Baidu, Inc.3.625% 07/06/20270.2%
Bayer Corp6.650% 02/15/20280.2%
Marble Point CLO XVII Ltd0.000% 04/20/20330.2%
Bahamas Government International Bond6.950% 11/20/20290.2%
Spirit AeroSystems, Inc.4.600% 06/15/20280.2%
Phosagro OAO via Phosagro Bond Funding Ltd3.949% 04/24/20230.2%
Radian Group, Inc.4.875% 03/15/20270.2%
Hardee's Funding LLC4.959% 06/20/20480.2%
Berry Petroleum Co.7.000% 02/15/20260.2%
National Oilwell Varco, Inc.3.600% 12/01/20290.2%
Kaisa Group Holdings Ltd.9.375% 06/30/20240.2%
Hudson Pacific Properties LP4.650% 04/01/20290.2%
Hess Corp.5.600% 02/15/20410.2%
Cigna Corp6.125% 11/15/20410.2%
Panera Bread Company3.375% 07/18/20220.2%
Neuberger Berman Group LLC4.500% 03/15/20270.2%
Enbridge, Inc.6.000% 01/15/20770.2%
Geo Group, Inc.6.000% 04/15/20260.2%
Origin Energy Finance Ltd.5.450% 10/14/20210.2%
Centennial Resource Production LLC6.875% 04/01/20270.2%
Southern Copper Corp.5.250% 11/08/20420.2%
Stanley Black & Decker, Inc.4.000% 03/15/20600.2%
Macquarie Bank Ltd.6.625% 04/07/20210.2%
PFP 2019-6 Ltd3.750% 04/14/20370.2%
Equinix, Inc.5.875% 01/15/20260.2%
Viking Cruises Ltd.5.875% 09/15/20270.2%
Continental Resources, Inc.4.900% 06/01/20440.2%
Exelon Generation Co. LLC5.750% 10/01/20410.2%
BBVA Bancomer SA5.125% 01/18/20330.2%
Mountain View CLO 2017-1 LLC0.000% 10/16/20290.2%
American Airlines Class B Pass Through Trust5.600% 07/15/20200.2%
Navient Corp.5.000% 03/15/20270.2%
Garda World Security Corp4.625% 02/15/20270.2%
World Financial Network Credit Card Master Trust2.030% 04/15/20250.2%
Centene Corp.3.375% 02/15/20300.2%
Exelon Generation Co. LLC6.250% 10/01/20390.2%
Nationstar Mortgage Holdings, Inc.9.125% 07/15/20260.2%
Octagon Investment Partners 29 Ltd0.000% 01/24/20330.2%
PPL WEM Ltd./Western Power Distribution Ltd.5.375% 05/01/20210.2%
NiSource, Inc.5.950% 06/15/20410.1%
Energy Transfer Partners L.P.0.000% 03/16/20200.1%
Oasis Petroleum, Inc.6.875% 03/15/20220.1%
Octagon Investment Partners 30 Ltd3.519% 03/17/20300.1%
Brightsphere Investment Group Inc4.800% 07/27/20260.1%
Kennametal, Inc.4.625% 06/15/20280.1%
Zimmer Biomet Holdings, Inc.5.750% 11/30/20390.1%
Energy Transfer Partners L.P.0.000% 03/03/20200.1%
Flagship Credit Auto Trust 2019-14.080% 02/18/20250.1%
Royal Caribbean Cruises Ltd.5.250% 11/15/20220.1%
Baker Hughes a GE Co LLC / Baker Hughes Co-Obligor4.080% 12/15/20470.1%
Mississippi Power Co.4.250% 03/15/20420.1%
Royal Caribbean Cruises Ltd.0.000% 03/23/20200.1%
Weibo Corp.3.500% 07/05/20240.1%
Cheniere Corpus Christi Holdings LLC5.125% 06/30/20270.1%
Front Range BidCo Inc4.000% 03/01/20270.1%
Airxcel, Inc.6.103% 04/28/20250.1%
TIBCO Software, Inc.11.375% 12/01/20210.1%
BCPE Cycle Merger Sub II Inc10.625% 07/15/20270.1%
National Fuel Gas Co.4.900% 12/01/20210.1%
Spectra Energy Partners L.P.2.827% 06/05/20200.1%
Hardee's Funding LLC5.710% 06/20/20480.1%
Buckeye Partners L.P.6.375% 01/22/20780.1%
American Airlines Class B Pass Through Trust5.625% 01/15/20210.1%
Veritas6.158% 01/27/20230.1%
CVS Caremark Corp.5.050% 03/25/20480.1%
Brand Energy & Infrastructure Services Inc8.500% 07/15/20250.1%
Anglo American Capital plc4.500% 03/15/20280.1%
Energy Transfer Partners L.P.0.000% 03/06/20200.1%
Lincoln National Corp.7.000% 06/15/20400.1%
BNP Paribas S.A.4.500% 02/25/21700.1%
BBCMS 2019-BWAY Mortgage Trust3.269% 11/25/20340.1%
Solera Finance, Inc.10.500% 03/01/20240.1%
Vulcan Materials Co.2.557% 03/01/20210.1%
Avolon Holdings Funding Ltd5.125% 10/01/20230.1%
Range Resources Corp.5.000% 03/15/20230.1%
BSPRT 2018-FL4 Issuer Ltd2.708% 09/15/20350.1%
Sempra Energy4.000% 02/01/20480.1%
Unum Group5.750% 08/15/20420.1%
Healthcare Trust of America Holdings LP3.100% 02/15/20300.1%
Calpine Corp.5.500% 02/01/20240.1%
American Axle & Manufacturing, Inc.6.500% 04/01/20270.1%
Aviation Capital Group Corp.0.000% 03/16/20200.1%
Spirit Realty LP3.400% 01/15/20300.1%
Citigroup, Inc.3.887% 01/10/20280.1%
Carlisle Cos., Inc.2.750% 03/01/20300.1%
CSMC 2020-AFC1 Trust2.240% 02/25/20500.1%
SM Energy Co.6.625% 01/15/20270.1%
KKR CLO 18 Ltd3.527% 07/18/20300.1%
Lincoln National Corp.6.300% 10/09/20370.1%
Capital Auto Receivables Asset Trust 2018-12.790% 01/20/20220.1%
Appalachian Power Co.7.000% 04/01/20380.1%
World Financial Network Credit Card Master Trust2.660% 08/15/20240.1%
Chobani LLC / Chobani Finance Corp Inc7.500% 04/15/20250.1%
Foursight Capital Automobile Receivables Trust 2014.190% 11/15/20230.1%
Jamestown CLO IX Ltd4.469% 10/20/20280.1%
Duke Energy Corp.4.200% 06/15/20490.1%
Madison Park Funding XXXVI Ltd3.750% 01/15/20330.1%
Exelon Generation Co. LLC5.600% 06/15/20420.1%
Westpac Banking Corp.4.322% 11/23/20310.1%
DTE Energy Co.6.375% 04/15/20330.1%
MPLX L.P.6.875% 12/31/20990.1%
Centene Corp.5.375% 06/01/20260.1%
Duqesne Light Holdings, Inc.6.250% 08/15/20350.1%
Country Garden Holdings Co. Ltd.4.750% 09/28/20230.1%
Crown Castle International Corp.0.000% 03/06/20200.1%
Flextronics International Ltd.0.000% 03/03/20200.1%
Westpac Banking Corp.4.110% 07/24/20340.1%
Energy Transfer Operating LP5.875% 01/15/20240.1%
Signature Aviation US Holdings Inc4.000% 03/01/20280.1%
Keurig Dr Pepper Inc.3.495% 02/08/20230.1%
Provident Funding Associates L.P. / PFG Finance Co6.375% 06/15/20250.1%
Enel Finance International N.V.4.250% 09/14/20230.1%
MEG Energy Corp.7.000% 03/31/20240.1%
CEOC, LLC (aka Caesars Entertainment Operating Company)4.093% 10/07/20240.1%
Barclays Bank plc10.179% 06/12/20210.1%
E*TRADE Financial Corp.4.500% 06/20/20280.1%
Silversea Cruise Finance Ltd.7.250% 02/01/20250.1%
Interstate Power & Light Co3.500% 09/30/20490.1%
Century Communities, Inc.5.875% 07/15/20250.1%
Valeant Pharmaceuticals International, Inc.6.125% 04/15/20250.1%
Imperial Tobacco Finance plc3.125% 07/26/20240.1%
CNH Capital LLC4.875% 04/01/20210.1%
GCI LLC6.875% 04/15/20250.1%
Nissan Motor Acceptance Corp.2.651% 09/28/20220.1%
Northwoods Capital 20 Ltd6.151% 01/25/20300.1%
Resorts World Las Vegas LLC0.000% 04/16/20240.1%
Stericycle Inc0.000% 11/17/20220.1%
Ford Motor Co3.335% 12/31/20220.1%
AerCap Ireland Capital Ltd.4.875% 01/16/20240.1%
Perimeter Master Note Business Trust4.230% 05/15/20240.1%
BWAY Holding Co.7.250% 04/15/20250.1%
National Fuel Gas Co.3.950% 09/15/20270.1%
Waste Pro USA Inc5.500% 02/15/20260.1%
VMC Finance 2019-FL3 LLC2.758% 09/15/20360.1%
US Cellular Corp.6.700% 12/15/20330.1%
Palmer Square Loan Funding 2018-1 Ltd2.431% 04/15/20260.1%
Panther BF Aggregator 2 LP / Panther Finance Co In8.500% 05/15/20270.1%
F-Brasile SpA / F-Brasile US LLC7.375% 08/15/20260.1%
Bill Barrett Corp.7.000% 10/15/20220.1%
Hecla Mining Co.7.250% 02/15/20280.1%
Endeavor Energy Resources L.P.5.750% 01/30/20280.1%
ION Trading Technologies S.A.R.L.6.064% 11/21/20240.1%
Conn's Receivables Funding 2017-B LLC5.950% 11/15/20220.1%
Sabal Trail Transmission LLC4.246% 05/01/20280.1%
Hadrian Merger Sub Inc8.500% 05/01/20260.1%
Laredo Petroleum Holdings, Inc.10.125% 01/15/20280.1%
Planet Fitness Master Issuer LLC3.858% 12/05/20490.1%
WeWork Cos Inc7.875% 05/01/20250.1%
CP VI Bella Midco, LLC4.353% 12/27/20240.1%
Kilroy Realty L.P.4.375% 10/01/20250.1%
North Texas Tollway Auth8.410% 02/01/20300.1%
Sophia LP / Sophia Finance, Inc.9.000% 09/30/20230.1%
Verus Securitization Trust 2020-12.417% 01/25/20600.1%
Elevation CLO 2014-2 Ltd5.031% 10/15/20290.1%
Energy Transfer Operating LP9.000% 11/01/20240.1%
Forterra, Inc.4.603% 10/25/20230.1%
BAT International Finance plc0.000% 03/26/20200.1%
Great Wolf Trust 2019-WOLF4.391% 12/15/20360.1%
Cleveland Electric Illuminating Co.3.500% 04/01/20280.1%
CenterPoint Energy, Inc.0.000% 03/02/20200.1%
Adient Global Holdings Ltd.4.875% 08/15/20260.1%
Seven Generations Energy Ltd.6.875% 06/30/20230.1%
Viper Energy Partners LP5.375% 11/01/20270.1%
Hunt Cos Inc6.250% 02/15/20260.1%
Callon Petroleum Co.6.375% 07/01/20260.1%
Northwoods Capital 20 Ltd4.701% 01/25/20300.1%
Starfruit Finco BV / Starfruit US Holdco LLC8.000% 10/01/20260.1%
CPS Auto Trust4.610% 12/15/20220.1%
Diebold, Inc.8.500% 04/15/20240.1%
SCANA Corp.4.750% 05/15/20210.1%
Scientific Games International, Inc.6.625% 05/15/20210.1%
U.S. Treasury Note/Bond3.625% 08/15/20430.1%
Cheniere Corpus Christi Holdings LLC3.700% 11/15/20290.1%
Acadia Healthcare Co., Inc.5.625% 02/15/20230.1%
Itron, Inc.5.000% 01/15/20260.1%
Wabash National Corp.5.500% 10/01/20250.1%
AbbVie, Inc.4.875% 11/14/20480.1%
SURA Asset Management SA4.375% 04/11/20270.1%
Cedar Funding VI CLO Ltd3.419% 10/20/20280.1%
Acwa Power Management And Investments One Ltd5.950% 12/15/20390.1%
Interstate Power & Light Co3.600% 04/01/20290.1%
Citigroup, Inc.4.600% 03/09/20260.1%
Scientific Games International, Inc.7.250% 11/15/20290.1%
Gulfstream Natural Gas System LLC4.600% 09/15/20250.1%
Starwood Mortgage Residential Trust 2020-12.275% 02/25/20500.1%
Freeport-McMoRan, Inc.4.250% 03/01/20300.1%
KazMunayGas National Co.6.375% 10/24/20480.1%
Shea Homes LP / Shea Homes Funding Corp.4.750% 02/15/20280.1%
BMW Vehicle Lease Trust 2019-12.790% 03/22/20210.1%
Mountain View CLO X Ltd3.198% 10/13/20270.1%
MediArena Acquisition B.V. (fka AP NMT Acquisition B.V.)7.659% 08/13/20210.1%
Deephaven Residential Mortgage Trust 2020-12.339% 01/25/20600.1%
AMMC CLO XIV Ltd3.494% 07/25/20290.1%
Yum! Brands, Inc.6.875% 11/15/20370.1%
Newell Rubbermaid, Inc.3.850% 04/01/20230.1%
Freeport-McMoRan, Inc.5.250% 09/01/20290.1%
Wells Fargo Commercial Mortgage Trust 2017-C413.785% 11/15/20500.1%
Capitol Investment Merger Sub 2 LLC10.000% 08/01/20240.1%
Adani Transmission Ltd4.000% 08/03/20260.1%
Valmont Industries, Inc.5.250% 10/01/20540.1%
Syngenta Wilmington, Inc.0.000% 04/06/20200.1%
Southern California Edison Co.0.000% 03/02/20200.1%
Illinois, IL5.100% 06/01/20330.1%
Williams Scotsman International Inc7.875% 12/15/20220.1%
Government National Mortgage Association2.700% 07/16/20570.1%
Banco Mercantil del Norte SA/Grand Cayman7.625% 07/06/21670.1%
Northrop Grumman Systems Corp.7.750% 02/15/20310.1%
AbbVie, Inc.4.700% 05/14/20450.1%
Nielsen Finance LLC (VNU, Inc.)3.831% 10/04/20230.1%
Titan International, Inc.6.500% 11/30/20230.1%
Global Aircraft Leasing Co Ltd6.500% 09/15/20240.1%
Syngenta Wilmington, Inc.0.000% 06/02/20200.1%
Walgreen Co.0.000% 07/24/20200.1%
Ford Motor Credit Co. LLC5.584% 03/18/20240.1%
Sound Point Clo XV Ltd4.306% 01/23/20290.1%
EPR Properties4.500% 04/01/20250.1%
Granite US Holdings Corp11.000% 10/01/20270.1%
Callon Petroleum Co.6.250% 04/15/20230.1%
Oztel Holdings SPC Ltd6.625% 04/24/20280.1%
Citizens Financial Group, Inc.4.150% 09/28/20220.1%
MHP Lux SA6.950% 04/03/20260.1%
Uber Technologies Inc7.500% 11/01/20230.1%
Madison Park Funding XXXVI Ltd2.600% 01/15/20330.1%
Scientific Games International, Inc.4.366% 08/14/20240.1%
Parsley Energy LLC6.250% 06/01/20240.1%
Air Canada 2015-2 Class B Pass Through Trust5.000% 12/15/20230.1%
Bahamas Government International Bond6.000% 11/21/20280.1%
Mohegan Tribal Gaming Authority7.875% 10/15/20240.1%
Wells Fargo Commercial Mortgage Trust4.285% 07/15/20460.1%
Marathon Petroleum Corp.5.375% 10/01/20220.1%
Government National Mortgage Association2.750% 02/16/20580.1%
Macquarie Bank Ltd.4.875% 06/10/20250.1%
Nationstar Mortgage Holdings, Inc.6.000% 01/15/20270.1%
Ford Motor Credit Co. LLC5.113% 05/03/20290.1%
Jamestown CLO VII Ltd.3.094% 07/25/20270.1%
MPLX L.P.6.250% 10/15/20220.1%
ZF North America Capital, Inc.4.000% 04/29/20200.1%
Minejesa Capital BV5.625% 08/10/20370.1%
QEP Resources, Inc.6.875% 03/01/20210.1%
Salem Fields CLO Ltd 2016-23.494% 10/25/20280.1%
Florida Power & Light Co.2.308% 05/06/20220.1%
CARLYLE US CLO 2019-4 LTD5.878% 01/15/20330.1%
CenturyLink, Inc.3.624% 01/28/20250.1%
Broadcom Inc2.916% 11/04/20240.1%
HPS Loan Management 10-2016 Ltd3.569% 01/20/20280.1%
Texas Eastern Transmission L.P.4.125% 12/01/20200.1%
Charter Communications Operating LLC6.484% 10/23/20450.1%
Hayward Acquisition Corp.5.103% 08/05/20240.1%
Martin Marietta Materials, Inc.2.549% 05/22/20200.1%
China Evergrande Group10.000% 04/11/20230.1%
Benefit Street Partners Clo XII Ltd4.881% 10/15/20300.1%
Canadian Pacific Railway Co.7.125% 10/15/20310.1%
COMM Mortgage Trust4.435% 07/10/20500.1%
Synchrony Credit Card Master Note Trust2.820% 10/15/20250.1%
New York St Electric & Gas Corp.3.300% 09/15/20490.1%
Yingde Gases Investment Ltd6.250% 01/19/20230.1%
YPF S.A.6.950% 07/21/20270.1%
QEP Resources, Inc.5.375% 10/01/20220.1%
Regatta VI Funding Ltd3.869% 07/20/20280.1%
Matador Resources Co.5.875% 09/15/20260.1%
Spirit Realty LP4.000% 07/15/20290.1%
Arrow Electronics, Inc.0.000% 03/03/20200.1%
Turkiye Vakiflar Bankasi Tao5.750% 01/30/20230.1%
VA Electric & Power Co.8.875% 11/15/20380.1%
Eldorado Resorts, Inc.6.000% 09/15/20260.1%
U.S. Treasury Note/Bond2.750% 11/15/20470.1%
JPMBB Commercial Mortgage Securities Trust4.269% 07/15/20480.1%
Nissan Motor Acceptance Corp.2.414% 03/15/20210.1%
Crown Castle International Corp.0.000% 03/03/20200.1%
AT&T, Inc.2.875% 02/18/21700.1%
GCAT 2019-NQM2 Trust2.247% 01/25/20600.1%
MEG Energy Corp.7.125% 02/01/20270.1%
SL Green Realty Corp.4.500% 12/01/20220.1%
Government National Mortgage Association2.600% 07/16/20580.1%
Glencore Funding LLC4.125% 05/30/20230.1%
Vedanta Resources plc6.125% 08/09/20240.1%
Stericycle Inc3.269% 11/17/20220.1%
Forestar Group, Inc.5.000% 03/01/20280.1%
Palmer Square Loan Funding 2018-1 Ltd2.881% 04/15/20260.1%
SAIC, Inc.5.950% 12/01/20400.1%
E*TRADE Financial Corp.3.800% 08/24/20270.1%
Bank Leumi Le-Israel BM3.275% 01/29/20310.1%
Front Range BidCo Inc6.125% 03/01/20280.1%
Angel Oak Mortgage Trust 2020-12.466% 12/25/20590.1%
Southern Star Central Corp.5.125% 07/15/20220.1%
Benefit Street Partners CLO XIX Ltd5.648% 01/15/20330.1%
Range Resources Corp.5.000% 08/15/20220.1%
CPG Merger Sub LLC8.000% 10/01/20210.1%
MidOcean Credit CLO VI3.719% 01/20/20290.1%
PVH Corp.0.000% 05/19/20200.1%
Prosus NV3.680% 01/21/20300.1%
MediArena Acquisition B.V. (fka AP NMT Acquisition B.V.)10.908% 08/13/20220.0%
New Residential Mortgage Loan Trust 2020-NQM12.464% 01/26/20600.0%
Syngenta Finance NV4.441% 04/24/20230.0%
EagleView Technology Corporation5.113% 08/14/20250.0%
BWay Holding Company5.084% 04/03/20240.0%
OHA Loan Funding Ltd.4.342% 11/15/20320.0%
Glencore Funding LLC0.000% 04/20/20200.0%
MEG Energy Corp.6.500% 01/15/20250.0%
Valeant Pharmaceuticals International, Inc.5.000% 01/30/20280.0%
Broadcom Inc0.000% 03/10/20200.0%
COMM 2016-COR1 Mortgage Trust3.494% 10/10/20490.0%
Crown Castle International Corp.0.000% 03/10/20200.0%
Calpine Corp.5.750% 01/15/20250.0%
Regatta XVI Funding Ltd5.803% 01/15/20330.0%
Neuberger Berman Loan Advisers CLO 35 Ltd5.603% 01/19/20330.0%
Thacher Park CLO Ltd.2.979% 10/20/20260.0%
BAT International Finance plc0.000% 03/23/20200.0%
Southwestern Public Svc Co.4.500% 08/15/20410.0%
BlueMountain CLO 2013-1 Ltd3.569% 01/20/20290.0%
BAT International Finance plc0.000% 04/03/20200.0%
Avery Point CLO Ltd.3.394% 04/25/20260.0%
General Motors Financial Co., Inc.0.000% 04/24/20200.0%
BAE Systems Finance Inc7.500% 07/01/20270.0%
Macquarie Bank Ltd./London6.125% 03/08/21670.0%
Regatta XVI Funding Ltd4.603% 01/15/20330.0%
Palmer Square Loan Funding 2018-1 Ltd3.231% 04/15/20260.0%
Duqesne Light Holdings, Inc.6.400% 09/15/20200.0%
Aroundtown SA5.375% 03/21/20290.0%
Genesys Telecommunications Laboratories Inc/Greene10.000% 11/30/20240.0%
Molson Coors Brewing Co.0.000% 03/02/20200.0%
Lockheed Martin Corp.7.750% 05/01/20260.0%
Illinois, IL4.950% 06/01/20230.0%
Broadcom Inc0.000% 03/18/20200.0%
Doncasters US Finance LLC (Doncasters US LLC)5.445% 04/09/20200.0%
Enterprise Development Authority/The12.000% 07/15/20240.0%
Mountain Hawk III CLO Ltd.3.019% 04/18/20250.0%
Citigroup, Inc.5.950% 12/31/20990.0%
Oglethorpe Power Corp.4.200% 12/01/20420.0%
Bowman Park CLO Ltd.2.863% 11/23/20250.0%
Rede D'or Finance Sarl4.950% 01/17/20280.0%
California Republic Auto Receivables Trust 2015-43.730% 11/15/20210.0%
Royal Caribbean Cruises Ltd.3.700% 03/15/20280.0%
Compass Bank3.875% 04/10/20250.0%
Carrier Global Corp3.577% 04/05/20500.0%
Turkiye Vakiflar Bankasi Tao5.625% 05/30/20220.0%
FirstEnergy Transmission LLC4.350% 01/15/20250.0%
GS Mortgage Securities Trust4.427% 07/10/20480.0%
Royal Caribbean Cruises Ltd.0.000% 03/26/20200.0%
Aviation Capital Group Corp.0.000% 03/24/20200.0%
Smithfield Foods, Inc.0.000% 03/09/20200.0%
Crown Castle International Corp.0.000% 03/17/20200.0%
Benefit Street Partners CLO XIX Ltd4.448% 01/15/20330.0%
Aviation Capital Group Corp.0.000% 03/12/20200.0%
ZF North America Capital, Inc.4.500% 04/29/20220.0%
Joseph T Ryerson & Son, Inc.11.000% 05/15/20220.0%
Financial & Risk US Hold5.815% 10/01/20250.0%
General Electric Co.2.271% 05/05/20260.0%
Boral Finance Pty Ltd3.000% 11/01/20220.0%
MHP Lux SA6.250% 09/19/20290.0%
Residential Mortgage Loan Trust 2020-12.376% 02/25/20240.0%
Chaparral Energy, Inc.8.750% 07/15/20230.0%
Galaxy XXI CLO Ltd2.839% 04/20/20310.0%
Cent CLO Ltd.3.105% 10/29/20250.0%
Builders FirstSource, Inc.5.000% 03/01/20300.0%
Danske Bank A/S4.375% 06/12/20280.0%
Invitation Homes, Inc.3.589% 02/06/20220.0%
Smithfield Foods, Inc.3.350% 02/01/20220.0%
DRB Prime Student Loan Trust3.200% 01/25/20400.0%
Viking Cruises Ltd.6.250% 05/15/20250.0%
NOVA Chemicals Corp.5.250% 08/01/20230.0%
Broadcom Inc0.000% 03/26/20200.0%
Navios South American Logistics Inc / Navios Logis7.250% 05/01/20220.0%
Palmer Square Loan Funding 2018-5 Ltd3.219% 01/20/20270.0%
Aston Martin Capital Holdings Ltd6.500% 04/15/20220.0%
ACC Trust 2018-14.820% 05/20/20210.0%
Newell Rubbermaid, Inc.0.000% 03/04/20200.0%
CIFC Funding 2019-VI Ltd5.885% 01/16/20330.0%
Aviation Capital Group Corp.0.000% 03/27/20200.0%
Studio City Co Ltd7.250% 11/30/20210.0%
American Airlines Group, Inc.3.750% 03/01/20250.0%
Enterprise Fleet Financing LLC2.870% 10/20/20230.0%
SM Energy Co.6.125% 11/15/20220.0%
Halcyon Loan Advisors Funding Ltd.3.944% 07/25/20270.0%
ACC Trust 2018-16.810% 02/21/20230.0%
Aviation Capital Group Corp.0.000% 03/02/20200.0%
General Motors Financial Co., Inc.0.000% 03/23/20200.0%
Country Garden Holdings Co. Ltd.4.750% 01/17/20230.0%
Apex Credit CLO 2017 Ltd3.751% 04/24/20290.0%
Glencore Funding LLC3.000% 10/27/20220.0%
GS Mortgage Securities Trust1.418% 06/10/20460.0%
CSX Corporation, Inc.7.875% 05/15/20430.0%
BAT Capital Corp3.557% 08/15/20270.0%
Callon Petroleum Co.6.125% 10/01/20240.0%
Apex Credit CLO 2016 Ltd3.644% 10/27/20280.0%
GS Mortgage Securities Trust0.518% 06/10/20460.0%
Illinois, IL5.520% 04/01/20380.0%
Santander Drive Auto Receivables Trust 2016-14.020% 04/15/20220.0%
Motion Bondco DAC6.625% 11/15/20270.0%
Lockheed Martin Tactical Systems Inc7.625% 06/15/20250.0%
Apidos CLO XVI4.819% 01/19/20250.0%
Metropolitan Edison Co.4.000% 04/15/20250.0%
SCF Equipment Leasing 2017-2 LLC3.410% 12/20/20230.0%
Avis Budget Rental Car Funding2.630% 12/20/20210.0%
Glencore Finance Canada Ltd.4.250% 10/25/20220.0%
Callon Petroleum Co.8.250% 07/15/20250.0%
General Motors Financial Co., Inc.4.250% 05/15/20230.0%
UTEX Industries8.853% 05/22/20220.0%
Broadcom Inc0.000% 03/05/20200.0%
Ovintiv Inc0.000% 04/01/20200.0%
Syngenta Wilmington, Inc.0.000% 05/29/20200.0%
SCANA Corp.6.250% 04/01/20200.0%
Eldorado Resorts, Inc.4.553% 04/17/20240.0%
Triumph Group, Inc.5.250% 06/01/20220.0%
Drive Auto Receivables Trust4.180% 03/15/20240.0%
Drive Auto Receivables Trust 2019-22.930% 03/15/20220.0%
PG&E Corp5.029% 12/31/20200.0%
UTEX Industries5.603% 05/22/20210.0%
El Paso Electric Co.6.000% 05/15/20350.0%
Canadian Pacific Railway Co.9.450% 08/01/20210.0%
Merrill Lynch Mortgage Investors Trust Series6.250% 10/25/20360.0%
National Fuel Gas Co.0.000% 03/03/20200.0%
Government National Mortgage Association0.623% 07/16/20540.0%
Hudsons Bay Simon JV Trust0.541% 08/05/20340.0%
Valeant Pharmaceuticals International, Inc.7.000% 03/15/20240.0%
Avery Point CLO Ltd.2.816% 07/17/20260.0%
EnCana Corp.0.000% 04/09/20200.0%
Kinetic Concepts, Inc. / KCI USA, Inc.12.500% 11/01/20210.0%
Anheuser-Busch InBev Worldwide, Inc.8.200% 01/15/20390.0%
Leidos, Inc.5.500% 07/01/20330.0%
Piedmont Natural Gas Co., Inc.3.640% 11/01/20460.0%
MPH Acquisition Holdings LLC4.695% 06/07/20230.0%
Seneca Park CLO Ltd.2.956% 07/17/20260.0%
Valero Energy Corp.7.500% 04/15/20320.0%
Hyundai Capital America0.000% 03/02/20200.0%
GS Mortgage Securities Trust0.182% 11/10/20480.0%
William Lyon Homes, Inc.7.000% 08/15/20220.0%
WFRBS Commercial Mortgage Trust0.961% 05/15/20470.0%
Public Service Co. of New Mexico3.850% 08/01/20250.0%
Broadcom Inc0.000% 03/12/20200.0%
Cigna Corp4.800% 07/15/20460.0%
General Electric Co.3.375% 03/11/20240.0%
Sequoia Mortgage Trust 2012-42.069% 09/25/20420.0%
Aviation Capital Group Corp.0.000% 03/13/20200.0%
Interstate Power & Light Co4.700% 10/15/20430.0%
Smithfield Foods, Inc.0.000% 04/22/20200.0%
Hudsons Bay Simon JV Trust0.493% 08/05/20340.0%
Pentair Finance SA4.500% 07/01/20290.0%
Suncor Energy Ventures Corp4.500% 04/01/20220.0%
Doncasters US Finance LLC (Doncasters US LLC)10.195% 10/09/20200.0%
Diamond Resorts Owner Trust3.080% 11/20/20280.0%
Centene Corp.6.125% 02/15/20240.0%
FX USD/EUR 03/200.000% 03/09/20200.0%
JPMBB Commercial Mortgage Securities Trust0.750% 04/15/20470.0%
WFRBS Commercial Mortgage Trust0.572% 05/15/20470.0%
OneMain Financial Issuance Trust 2016-1A3.660% 02/20/20290.0%
Tapstone Energy LLC / Tapstone Energy Finance Corp9.750% 06/01/20220.0%
Chaparral Energy, Inc.0.000% -0.0%
JPMBB Commercial Mortgage Securities Trust0.284% 04/15/20470.0%
Afren plc10.250% 04/08/20220.0%
Federal Home Loan Mortgage Corp.0.000% 08/15/20220.0%
Templar Energy LLC0.000% -0.0%
Afren plc6.625% 12/09/20200.0%
EURO-SCHATZ FUT MAR200.000% 03/10/20200.0%
Federal Home Loan Mortgage Corp.544.714% 12/15/20200.0%
Federal Home Loan Mortgage Corp.1185.497% 09/15/20210.0%
Federal Home Loan Mortgage Corp.982.654% 04/15/20220.0%
Federal Home Loan Mortgage Corp.1195.607% 04/15/20210.0%
Federal Home Loan Mortgage Corp.1007.780% 05/15/20210.0%
Federal Home Loan Mortgage Corp.1008.400% 11/15/20210.0%
Federal Home Loan Mortgage Corp.0.000% 10/15/20210.0%
Federal Home Loan Mortgage Corp.0.000% 06/15/20210.0%
Federal Home Loan Mortgage Corp.0.000% 07/01/20220.0%
Federal Home Loan Mortgage Corp.0.000% 09/15/20220.0%
Federal Home Loan Mortgage Corp.1007.000% 02/15/20220.0%
Federal Home Loan Mortgage Corp.1008.500% 04/15/20210.0%
Federal Home Loan Mortgage Corp.1009.000% 02/15/20210.0%
Federal Home Loan Mortgage Corp.409.000% 04/15/20210.0%
Federal Home Loan Mortgage Corp.900.950% 12/15/20200.0%
Federal National Mortgage Assoc.0.000% 04/25/20220.0%
Federal National Mortgage Assoc.9.500% 08/25/20210.0%
Federal National Mortgage Assoc.1008.000% 12/25/20210.0%
OGX Austria GmbH8.500% 06/01/20190.0%
Templar Energy LLC0.000% -0.0%
US 10YR NOTE (CBT)JUN200.000% 06/30/20200.0%
US 10YR ULTRA FUT JUN200.000% 06/30/20200.0%
US LONG BOND(CBT) JUN200.000% 06/30/20200.0%
US ULTRA BOND CBT JUN200.000% 06/30/20200.0%
US 2YR NOTE (CBT) JUN200.000% 07/06/20200.0%
US 5YR NOTE (CBT) JUN200.000% 07/06/20200.0%
FX USD/EUR 03/200.000% 03/09/20200.0%
Commercial Mortgage Backed Index Swap0.350% 10/17/20570.0%
Commercial Mortgage Backed Index Swap0.350% 10/17/20570.0%
Commercial Mortgage Backed Index Swap0.350% 10/17/20570.0%
Credit Index Swap5.000% 12/20/20240.0%
FX USD/JPY 04/200.000% 04/13/20200.0%

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.

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 04/07/2020
$0.029
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 03/31/2020 $0.01005 $2.62
Daily Daily 02/29/2020 $0.00939 $2.97
Daily Daily 01/31/2020 $0.00963 $2.96

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 04/30/2020
Daily Daily 05/31/2020
Daily Daily 06/30/2020
Daily Daily 07/31/2020
Daily Daily 08/31/2020
Daily Daily 09/30/2020
Daily Daily 10/31/2020
Daily Daily 11/30/2020
Daily Daily 12/31/2020

Fees & Expenses

Fees & Expenses

Expense Ratioas of 03/31/2020

0.49%

Fund Documents

Fund Documents

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Summary Prospectus
Publish Date:11/03/2015
n/a
Statutory Prospectus
Publish Date:11/03/2015
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Prospectus (XBRL)
Publish Date:11/03/2015
SAI
Publish Date:11/03/2015
Annual Report
Publish Date:11/03/2015
Semi-Annual Report
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015
Commentary
Publish Date:11/03/2015
Fund Story
Publish Date:11/03/2015
Publish Date:11/03/2015

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

                    

1

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

 

2

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

 

3

The Fund’s Dividend Yield, 12-Month Dividend Yield and 7 Day Yield are shown with and without sales charges and with maximum sales charges. The Fund’s Subsidized Dividend yield takes into account any fee waiver or expense limitation arrangements, if any. Without such fee waivers or expense limitation arrangements, the Fund’s dividend yield would have been lower. Information regarding any fee waivers or expense limitation arrangements applicable to the Fund is provided with the Fund’s expense ratio information.

 

4

The Fund’s Unsubsidized Dividend yield is shown without sales charges and with maximum sales charges. The Fund’s unsubsidized dividend yield reflects what the yield would have been without the effect of fee waivers or expense limitation arrangements.

 

5

The 30-day Standardized Subsidized yield reflects fee waivers in effect. Without such fee waivers, yields would be reduced.  

 

6

The 30-day Standardized Unsubsidized yield does not reflect fee waivers.

 

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 value of an investment will change as interest rates fluctuate and in response to market movements. When interest rates fall, the prices of debt securities tend to rise, and when interest rates rise, the prices of debt securities are likely to decline. Debt securities are subject to credit risk, which is the risk that the issuer will fail to make timely payments of interest and principal to the Fund. The Fund may invest in high yield, lower-rated debt securities, sometimes called junk bonds, and may involve greater risks than higher-rated debt securities. 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. The Fund may also invest in convertible securities and senior loans, which are subject to increased credit and liquidity risks. 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 F3 - The inception date for Class F3 shares is April 4, 2017. The performance quotations for Class F3 are based on the following methods of calculation: (a) for periods prior to June 30, 2015,  a figure is used based on the historical performance of the Fund’s Class I Shares, since inception, restated to reflect all charges and fees applicable to Class F3 shares; (b) for periods prior to April 4, 2017 but after June 30, 2015, performance is based on the historical performance of the Fund’s Class R6 shares, which have an equivalent expense ratio to the Fund’s F3 shares; and (c) for periods after April 4, 2017, actual Class F3 performance is used, which reflects all charges and fees applicable to Class F3 shares.

Class F3 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 Fund changed its investment strategy on 01/01/1982. Performance is calculated from this date. In addition, the Fund amended it s strategy on December 14, 2007. The historical performance shown of the Fund prior to December 14, 2007, reflects periods when the Fund pursued its previous investment strategy. The change in investment approach may affect the Fund’s performance in the future.

 

The Bloomberg Barclays U.S. Credit Bond Index is the U.S. Credit component of the U.S. Government/Credit index. The index includes publicly issued U.S. corporate and specified foreign debentures and secured notes that meet the specified maturity, liquidity, and quality requirements. To qualify, bonds must be SEC-registered. The index includes both corporate and non-corporate sectors. The corporate sectors are Industrial, Utility, and Finance, which include both U.S. and non-U.S. corporations. The non-corporate sectors are Sovereign, Supranational, Foreign Agency, and Foreign Local Government. All returns are market value-weighted inclusive of accrued interest.

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.

 

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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