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

A verification Email Has Been Sent

An email verification email has been sent to .
Follow the instructions to complete the email validation process.

I have not received my verification email

Check your SPAM mailbox and make sure that twelcome@lordabbett.com is allowed to send you mail.

I'm still having trouble

If you're still having trouble verifying your email address. feel free to contact us.

1-888-522-2388
clientservices@lordabbett.com


OK

We're sorry. We found no record of the email address you provided.

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

  • Registered Financial Advisors gain access to:
  • Our data mining tool, Insight & Intelligence
  • Best in-class practice management content
  • Educational events, videos and podcasts.
  • The Lord Abbett Review - Subscribe now!

Registered but Having Problems?

If you believe you are registered and are having problems verifying your email address, feel free to contact us.

1-888-522-2388 clientservices@lordabbett.com

Terms & Condition

These Terms of Use ("Terms of Use") are made between the undersigned user ("you") and Lord, Abbett & Co. ("we" or "us"). They become effective on the date that you electronically execute these Terms of Use ("Effective Date").

A. You are a successful financial consultant that markets securities, including the Lord Abbett Family of Funds;

B. We have developed the Lord Abbett Intelligence System (the "Intelligence System"), a state of the art information resource that we make available to a limited community of broker/dealers through the Internet at a secure Web site (the "LAIS Site"); and

C. We wish to provide access to the Intelligence System to you as an information tool responsive to the demands of your successful business pursuant to these Terms of Use. Accordingly, you and we, intending to be legally bound, hereby agree as follows:]

1. Overview. · Scope. These Terms of Use (which we may amend from time to time) govern your use of the Intelligence System. · Revisions; Changes. We may amend these Terms of Use at any time by posting amended Terms of Use ("Amended Terms of Use") on the LAIS Site. Any Amended Terms of Use will become effective immediately upon posting. Your use of the Intelligence System after any Amended Terms of Use become effective will be deemed to constitute your acceptance of those Amended Terms of Use.We may modify or discontinue the Intelligence System at any time, temporarily or permanently, with or without notice to you. Purpose of the Intelligence System. The Intelligence System is intended to be an information resource that you may use to contribute to your business research. The Intelligence System is for broker/dealer use only; it is not to be used with the public in oral, written or electronic form. The information on the Intelligence System and LAIS Site is for your information only and is neither the tax, legal or investment advice of Lord Abbett or its third-party sources nor their recommendation to purchase or sell any security.

2. Your Privileges. · Personal Use. Your use of the Intelligence System is a nontransferable privilege granted by us to you and that we may deny, suspend or revoke at any time, with or without cause or notice. · Access to and Use of the Intelligence System. The User ID and password (together, an "Access ID") issued by us to you (as subsequently changed by you from time to time) is for your exclusive access to and use of the Intelligence System. You will: (a) be responsible for the security and use of your Access ID, (b) not disclose your Access ID to anyone and (c) not permit anyone to use your Access ID. Any access or use of the Intelligence System through the use of your Access ID will be deemed to be your actions, for which you will be responsible. · Required Technology. You must provide, at your own cost and expense, the equipment and services necessary to access and use the Intelligence System. At any time, we may change the supporting technology and services necessary to use the Intelligence System. · Availability. We make no guarantee that you will be able to access the Intelligence System at any given time or that your access will be uninterrupted, error-free or free from unauthorized security breaches.

3. Rights in Data. Our use of information collected from you will be in accordance with our Privacy Policy posted on the LAIS Site. Our compliance with our Privacy Policy will survive any termination of these Terms of Use or of your use of the Intelligence System.

4. Your Conduct in the Use of the Intelligence System. You may access, search, view and store a personal copy of the information contained on the LAIS Site for your use as a broker/dealer. Any other use by you of the Intelligence System and the information contained on the LAIS Site these Terms of Use is strictly prohibited. Without limiting the preceding sentence, you will not: · Engage in or permit any reproduction, copying, translation, modification, adaptation, creation of derivative works from, distribution, transmission, transfer, republication, compilation or decompilation, reverse engineering, display, removal or deletion of the Intelligence System, any portion thereof, or any data, content or information provided by us or any of our third-party sources in any form, media or technology now existing or hereafter developed, that is not specifically authorized under these Terms of Use.

· Remove, obscure or alter any notice, disclaimer or other disclosure affixed to or contained within the Intelligence System, including any copyright notice, trademark and other proprietary rights notices and any legal notices regarding the data, content or information provided through the Intelligence System.

· Create a hyperlink to, frame or use framing techniques to enclose any information found anywhere on the LAIS Site without our express prior written consent.

· Impersonate any person, or falsely state or otherwise misrepresent his or her affiliation with any person in connection with any use of the Intelligence System.

· Breach or attempt to breach the security of the Intelligence System or any network, servers, data, or computers or other hardware relating to or used in connection with the Intelligence System; nor (b) use or distribute through the Intelligence System software or other tools or devices designed to interfere with or compromise the privacy, security or use of the Intelligence System by others or the operations or assets of any person.

· Violate any applicable law, including, without limitation, any state federal securities laws. 5. Your Representations and Warranties. You hereby represent and warrant to us, for our benefit, as of the time of these Terms of Use and for so long as you continue to use the Intelligence System, that (a) you are, and will continue to be, in compliance with these Terms of Use and any applicable laws and (b) you are authorized to provide to us the information we collect, as described in our Privacy Policy.

6. Disclaimer of Warranties.

· General Disclaimers.

THE INTELLIGENCE SYSTEM, THE LAIS SITE AND ALL DATA, INFORMATION AND CONTENT ON THE LAIS SITE ARE PROVIDED "AS IS" AND “AS AVAILABLE” AND WITHOUT ANY REPRESENTATIONS OR WARRANTIES OF ANY KIND. WITHOUT LIMITING THE PRECEDING SENTENCE, LORD ABBETT, ITS AFFILIATES, AGENTS, THIRD-PARTY SUPPLIERS AND LICENSORS, AND THEIR RESPECTIVE EMPLOYEES, CONTRACTORS, DIRECTORS, OFFICERS AND SHAREHOLDERS (COLLECTIVELY, THE “LORD ABBETT GROUP”) EXPRESSLY DISCLAIM ALL WARRANTIES, WHETHER EXPRESS, IMPLIED OR STATUTORY, INCLUDING THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, AND NONINFRINGEMENT. YOU EXPRESSLY AGREE THAT YOUR USE OF THE LAIS SITE, THE INTELLIGENCE SYSTEM, AND THE DATA, INFORMATION AND CONTENT PRESENTED THERE ARE AT YOUR SOLE RISK AND THAT THE LORD ABBETT GROUP WILL NOT BE RESPONSIBLE FOR ANY (A) ERRORS OR INACCURACIES IN THE DATA, CONTENT AND INFORMATION ON THE LAIS SITE AND THE INTELLIGENCE SYSTEM OR (B) ANY TERMINATION, SUSPENSION, INTERRUPTION OF SERVICES, OR DELAYS IN THE OPERATION OF THE LAIS SITE OR THE INTELLIGENCE SYSTEM.

· Disclaimer Regarding Investment Research.

THE INTELLIGENCE SYSTEM INCORPORATES DATA, CONTENT AND INFORMATION FROM VARIOUS SOURCES THAT WE BELIEVE TO BE ACCURATE AND RELIABLE. HOWEVER, THE LORD ABBETT GROUP MAKES NO CLAIMS, REPRESENTATIONS OR WARRANTIES AS TO THE ACCURACY, TIMELINESS, COMPLETENESS OR TRUTHFULNESS OF SUCH DATA, CONTENT AND INFORMATION. YOU EXPRESSLY AGREE THAT YOU ARE RESPONSIBLE FOR INDEPENDENTLY VERIFYING YOUR INVESTMENT RESEARCH PRIOR TO FORMING YOUR INVESTMENT DECISIONS OR RENDERING INVESTMENT ADVICE. THE LORD ABBETT GROUP WILL NOT BE LIABLE FOR ANY INVESTMENT DECISION MADE BY YOU OR ANY OTHER PERSON BASED UPON THE DATA, CONTENT AND INFORMATION PROVIDED THROUGH THE INTELLIGENCE SYSTEM OR ON THE LAIS SITE.

· Survival.

THIS SECTION 6 SHALL SURVIVE ANY TERMINATION OF THESE TERMS OF USE OR YOUR USE OF THE INTELLIGENCE SYSTEM..

7. Limitations on Liability.

NONE OF THE MEMBERS OF THE LORD ABBETT GROUP WILL BE LIABLE TO YOU OR ANY OTHER PERSON FOR ANY DIRECT, INDIRECT, INCIDENTAL, CONSEQUENTIAL, PUNITIVE, SPECIAL OR EXEMPLARY DAMAGES (INCLUDING LOSS OF PROFITS, LOSS OF USE, TRANSACTION LOSSES, OPPORTUNITY COSTS, LOSS OF DATA, OR INTERRUPTION OF BUSINESS) RESULTING FROM, ARISING OUT OF OR IN ANY WAY RELATING TO THE INTELLIGENCE SYSTEM, THE LAIS SITE OR YOUR USE THEREOF, EVEN IF THE LORD ABBETT GROUP HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. THIS SECTION 7 WILL SURVIVE ANY TERMINATION OF THESE TERMS OF USE OR YOUR USE OF THE INTELLIGENCE SYSTEM.

8. Miscellaneous Provisions.

· Governing Law. This Agreement will governed by and construed in accordance with the laws of the State of New York, without giving effect to applicable conflicts of law principles.

THE UNIFORM COMPUTER INFORMATION TRANSACTIONS ACT OR ANY VERSION THEREOF, ADOPTED BY ANY STATE, IN ANY FORM ("UCITA") WILL NOT APPLY TO THESE TERMS OF USE. TO THE EXTENT THAT UCITA IS APPLICABLE, THE PARTIES HEREBY AGREE TO OPT OUT OF THE APPLICABILITY OF UCITA PURSUANT TO THE OPT-OUT PROVISION(S) CONTAINED THEREIN.

The Intelligence System is not intended to be used by consumers, nor are the consumer protection laws of any jurisdiction intended to apply to the Intelligence System. You agree to initiate and maintain any action, suit or proceeding relating to these Terms of Use or arising out of the use of the Intelligence System exclusively in the courts, state and federal, located in or having jurisdiction over New York County, New York.

YOU HEREBY CONSENT TO THE PERSONAL JURISDICTION AND VENUE OF THE COURTS, STATE AND FEDERAL, LOCATED IN OR HAVING JURISDICTION OVER NEW YORK COUNTY, NEW YORK. YOU AGREE THAT YOU WILL NOT OBJECT TO A PROCEEDING BROUGHT IN YOUR LOCAL JURISDICTION TO ENFORCE AN ORDER OR JUDGMENT OBTAINED IN NEW YORK.

· Relationship of Parties. The parties to these Terms of Use are independent contractors and nothing in these Terms of Use will be construed as creating an employment relationship, joint venture, partnership, agency or fiduciary relationship between the parties.

· Notice. All notices provided under these Terms of Use will be in writing and will be deemed effective: (a) when delivered personally, (b) when received by electronic delivery, (c) one business day after deposit with a commercial overnight carrier specifying next day delivery, with written verification of receipt, or (d) three business days after having been sent by registered or certified mail, return receipt requested. We will only accept notices from you in English and by conventional mail addressed to: General Counsel Lord, Abbett & Co. 90 Hudson Street Jersey City, N.J. 07302-3973 We may give you notice by conventional mail or electronic mail addressed to the last mail or electronic mail address transmitted by you to us.

· Third-Party Beneficiaries. The members of the Lord Abbett Group are third-party beneficiaries of the rights and benefits provided to us under these Terms of Use. You understand and agree that any right or benefit available to us or any member of the Lord Abbett Group hereunder will also be deemed to accrue to the benefit of, and may be exercised directly by, any member of the Lord Abbett Group to the extent applicable.

· Survival. This Section 8 will survive any termination of these Terms of Use or your use of the Intelligence System. The undersigned hereby signs these Terms of Use. By electronically signing and clicking "Accept" below, these Terms of Use will be legally binding on me. To sign these Terms of Use, confirm your full name and enter your User ID and Password (as your electronic signature) in the fields indicated below and click the “I Accept” button.

Cancel Accept

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

 

Income Fund

Daily price w/o sales charge as of 05/24/2018

$2.76

arrowUp$0.01

YTD Returns w/o sales charge as of 05/24/2018

-2.19%

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 05/24/2018  

w/o sales charge 4.45%

30-Day Standardized Yield 2 as of 04/30/2018  

3.91%

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

Fund Basicsas of 04/30/2018

Total Net Assets
$2.21 B
Inception Date
04/05/2017
Dividend Frequency
Monthly
Fund Expense Ratio
0.48%
Number of Holdings
633
CUSIP
54401E192

Fund Expense Ratio :

0.48%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge -2.12% 1.47% 2.97% 3.15% 6.36% -
Lipper Category Avg. Corporate Debt Funds BBB-Rated -2.84% 0.51% 1.87% 2.14% 4.84% -
Bloomberg Barclays U.S. Credit Bond Index -3.02% 0.65% 2.05% 2.27% 4.99% -

Fund Expense Ratio :

0.48%

Fund Expense Ratio :

0.48%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge -1.42% 3.60% 3.22% 3.66% 6.60% -
Lipper Category Avg. Corporate Debt Funds BBB-Rated -2.06% 2.27% 1.96% 2.67% 4.95% -
Bloomberg Barclays U.S. Credit Bond Index -2.13% 2.59% 2.16% 2.83% 5.15% -

Fund Expense Ratio :

0.48%

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 of future results.

Type Assets
Investment Grade Corporate
High Yield Corporate
ABS
U.S. Government Related
CMBS
Bank Loans
Sovereign
MBS
Currency
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 04/30/2018 View Portfolio

Rating Assets
U.S. Treasury
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

20 Years of Industry Experience

Kewjin Yuoh
Kewjin Yuoh

Partner & Portfolio Manager

24 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Director of Taxable Fixed Income

17 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Chief Investment Officer

27 Years of Industry Experience

Supported By 61 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 05/24/2018  

w/o sales charge 4.45%

30-Day Standardized Yield 2 as of 04/30/2018  

  Subsidized5 Un-Subsidized6
w/o sales charge 3.91% 3.91%

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

Fund Expense Ratio :

0.48%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge -2.12% 1.47% 2.97% 3.15% 6.36% -
Lipper Category Avg. Corporate Debt Funds BBB-Rated -2.84% 0.51% 1.87% 2.14% 4.84% -
Bloomberg Barclays U.S. Credit Bond Index -3.02% 0.65% 2.05% 2.27% 4.99% -

Fund Expense Ratio :

0.48%

Fund Expense Ratio :

0.48%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge -1.42% 3.60% 3.22% 3.66% 6.60% -
Lipper Category Avg. Corporate Debt Funds BBB-Rated -2.06% 2.27% 1.96% 2.67% 4.95% -
Bloomberg Barclays U.S. Credit Bond Index -2.13% 2.59% 2.16% 2.83% 5.15% -

Fund Expense Ratio :

0.48%

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 of future results.

Year Fund Returns Bloomberg Barclays U.S. Credit Bond Index
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% 16.04%
2008 -10.13% -3.08%
2007 7.07% -
2006 - -
Year Q1 Q2 Q3 Q4 Yearly Returns
2018 -1.42% - - - -2.19%
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
ABS
U.S. Government Related
CMBS
Bank Loans
Sovereign
MBS
Currency
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 04/30/2018

Rating Assets
U.S. Treasury
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 03/31/2018

  • We remain generally optimistic that the U.S. economy will continue to grow at a moderate pace given the implementation of tax cuts, prospects of deregulation, and strong economic fundamentals. However, given the current valuations and the potential for increased volatility, we believe it is prudent to maintain a higher credit-quality bias in order to be opportunistic. We are also seeking carry-oriented and idiosyncratic opportunities that would provide a diversified source of return to the portfolio.
  • We increased the portfolio’s position in corporate bonds. In particular, we continued to favor high yield and “BBB” rated corporate bonds over higher grade corporate bonds, as we find attractive fundamentals and carry opportunities within this area. Additionally, improving credit and the continuation of low defaults created a positive environment for non-investment grade corporate bonds.
  • We maintained our positive view on the financials sector. We believe that this cyclical sector offers opportunities due to improving credit qualities and economic growth. Additionally, we are focused on companies that have benefitted from the prospects of deregulation and increased pricing power and industry consolidation.
  • We also increased the portfolio’s exposure in the utilities and energy sectors, specifically taking advantage of situations that we believed would be uncorrelated with the broader market returns.
  • We are underweight industries that we believe are experiencing secular headwinds, such as retail, telecommunications, and pharmaceuticals, and overweight cyclical industries that tend to perform better during periods of global economic expansion.

Portfolio Details as of 04/30/2018

Total Net Assets
$2.21 B
Number of Issues
633
Average Coupon
5.08%
Average Life
8.75 Years
Average Maturity
8.75 Years
Average Effective Duration
6.28 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 2.750% 04/30/2023 2.0%
U.S. Treasury Note/Bond 1.625% 11/15/2022 1.4%
AT&T, Inc. 6.000% 08/15/2040 1.1%
Verizon Communications, Inc. 4.862% 08/21/2046 1.1%
CVS Caremark Corp. 4.300% 03/25/2028 1.1%
Citigroup, Inc. 3.887% 01/10/2028 1.0%
FMG Finance Pty Ltd. 9.750% 03/01/2022 1.0%
Hyundai Capital America 2.500% 03/18/2019 0.8%
Kinder Morgan, Inc. 7.750% 01/15/2032 0.8%
General Motors Co. 6.750% 04/01/2046 0.7%
% of Total Assets 11.0%

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.

Holding Coupon Maturity Assets
U.S. Treasury Note/Bond2.375% 01/31/20232.1%
U.S. Treasury Note/Bond2.000% 11/30/20221.5%
AT&T, Inc.6.000% 08/15/20401.1%
Verizon Communications, Inc.4.862% 08/21/20461.1%
U.S. Treasury Note/Bond1.875% 04/30/20221.1%
CVS Caremark Corp.4.300% 03/25/20281.1%
Citigroup, Inc.3.887% 01/10/20281.0%
FMG Finance Pty Ltd.9.750% 03/01/20221.0%
Hyundai Capital America2.500% 03/18/20190.8%
General Motors Co.6.750% 04/01/20460.8%
Kinder Morgan, Inc.7.750% 01/15/20320.8%
Ford Motor Co.7.450% 07/16/20310.7%
JPMorgan Chase & Co.4.250% 10/15/20200.7%
UBS AG Registered Shares5.125% 05/15/20240.7%
Universal Health Services, Inc.4.750% 08/01/20220.7%
Tech Data Corp.3.700% 02/15/20220.6%
Teachers Insurance & Annuity Association of Americ4.900% 09/15/20440.6%
21st Century Fox America, Inc.7.750% 12/01/20450.6%
NBCUniversal Enterprise, Inc.5.250% 06/19/20990.6%
Valero Energy Corp.10.500% 03/15/20390.6%
Time Warner Cable LLC7.300% 07/01/20380.5%
SCANA Corp.4.125% 02/01/20220.5%
Helmerich & Payne International Drilling Co.4.650% 03/15/20250.5%
HCA, Inc.5.500% 06/15/20470.5%
Tencent Holdings Ltd.3.595% 01/19/20280.5%
Sabine Pass Liquefaction LLC5.625% 04/15/20230.5%
Vale Overseas Ltd.6.875% 11/10/20390.5%
Commonwealth Bank of Australia4.500% 12/09/20250.5%
The Royal Bank of Scotland Group PLC3.875% 09/12/20230.5%
ENI SpA5.700% 10/01/20400.5%
Cox Communications, Inc.8.375% 03/01/20390.5%
Goldman Sachs Group, Inc.6.750% 10/01/20370.5%
Equifax, Inc.0.000% 04/30/20180.5%
UBS AG7.625% 08/17/20220.5%
Enbridge US Inc0.000% 04/12/20180.4%
Bank of America Corp.4.450% 03/03/20260.4%
Amgen, Inc.6.400% 02/01/20390.4%
EPR Properties5.250% 07/15/20230.4%
CNH Capital LLC4.375% 04/05/20220.4%
Yara International ASA7.875% 06/11/20190.4%
Wells Fargo Capital X5.950% 12/15/20360.4%
Bank of America Corp.3.824% 01/20/20280.4%
Myriad International Holdings BV6.000% 07/18/20200.4%
American Airlines Class B Pass Through Trust4.375% 10/01/20220.4%
AT&T, Inc.6.350% 03/15/20400.4%
SL Green Realty Corp.7.750% 03/15/20200.4%
American International Group, Inc.4.800% 07/10/20450.4%
Kerr-McGee Corp.7.875% 09/15/20310.4%
Hilcorp Energy L.P. / Hilcorp Finance Co.5.750% 10/01/20250.4%
American Airlines Class B Pass Through Trust5.600% 07/15/20200.4%
Energy Transfer Partners LP7.500% 07/01/20380.4%
TransAlta Corp.4.500% 11/15/20220.4%
North Texas Tollway Auth8.910% 02/01/20300.4%
World Financial Network Credit Card Master Trust2.310% 08/15/20240.4%
Westlake Chemical Corp.4.875% 05/15/20230.4%
Exelon Generation Co. LLC6.250% 10/01/20390.4%
Bermuda Government International Bond3.717% 01/25/20270.4%
Progress Energy, Inc.7.750% 03/01/20310.4%
Pacific Gas & Electric Co.6.050% 03/01/20340.4%
Nvent Finance Sarl4.550% 04/15/20280.4%
Protective Life Corp.8.450% 10/15/20390.4%
Comcast Corp.3.969% 11/01/20470.4%
American Airlines Class B Pass Through Trust5.625% 01/15/20210.3%
Navient Corp.6.625% 07/26/20210.3%
Santander UK plc7.950% 10/26/20290.3%
Morgan Stanley3.875% 01/27/20260.3%
CNAC HK Finbridge Co Ltd3.000% 07/19/20200.3%
Kilroy Realty L.P.6.625% 06/01/20200.3%
PVH Corp.7.750% 11/15/20230.3%
Carnival plc7.875% 06/01/20270.3%
Drive Auto Receivables Trust 2017-12.840% 04/15/20220.3%
PSEG Power LLC8.625% 04/15/20310.3%
Aon plc8.205% 01/01/20270.3%
Midcontinent Express Pipeline LLC6.700% 09/15/20190.3%
Fresenius Medical Care US Finance II, Inc.5.875% 01/31/20220.3%
Capital Auto Receivables Asset Trust2.710% 11/20/20190.3%
NXP BV / NXP Funding LLC4.625% 06/01/20230.3%
Bank of Ireland Group PLC4.125% 09/19/20270.3%
IFM US Colonial Pipeline 2 LLC6.450% 05/01/20210.3%
Williams Cos., Inc.8.750% 03/15/20320.3%
Alexandria Real Estate Equities, Inc.3.450% 04/30/20250.3%
Broadcom Corp. / Broadcom Cayman Finance Ltd.3.125% 01/15/20250.3%
Healthcare Realty Trust, Inc.3.625% 01/15/20280.3%
Anglo American Capital plc4.750% 04/10/20270.3%
GMF Floorplan Owner Revolving Trust3.130% 03/15/20230.3%
Glencore Finance Canada Ltd.5.550% 10/25/20420.3%
Carlyle Global Market Strategies Clo Ltd.2.922% 10/15/20260.3%
Southern Star Central Corp.5.125% 07/15/20220.3%
Dell International LLC / EMC Corp6.020% 06/15/20260.3%
Sabine Pass Liquefaction LLC5.875% 06/30/20260.3%
People's United Financial, Inc.3.650% 12/06/20220.3%
Noble Energy, Inc.5.625% 05/01/20210.3%
International Lease Finance Corp.5.875% 04/01/20190.3%
Dell International LLC / EMC Corp.8.350% 07/15/20460.3%
Caesars Palace Las Vegas Trust 2017-VICI3.531% 10/15/20340.3%
Goldcorp, Inc.3.700% 03/15/20230.3%
Apollo Credit Funding Ltd.3.192% 04/15/20270.3%
SCANA Corp.4.750% 05/15/20210.3%
Kraft Heinz Foods Co.6.875% 01/26/20390.3%
Cleco Power LLC6.000% 12/01/20400.3%
Export-Import Bank of India3.875% 02/01/20280.3%
Neuberger Berman Group LLC4.875% 04/15/20450.3%
Continental Resources, Inc.5.000% 09/15/20220.3%
American Homes 4 Rent LP4.250% 02/15/20280.3%
Pinnacle Park CLO Ltd.2.980% 04/15/20260.2%
Trinity Industries, Inc.4.550% 10/01/20240.2%
Ras Laffan Liquefied Natural Gas Co., Ltd.6.750% 09/30/20190.2%
Dominion Resources, Inc.7.000% 06/15/20380.2%
Enel Finance International N.V.2.750% 04/06/20230.2%
California Republic Auto Receivables Trust2.530% 06/15/20210.2%
Citigroup, Inc.3.668% 07/24/20280.2%
Discover Bank3.450% 07/27/20260.2%
Alibaba Group Holding Ltd.4.500% 11/28/20340.2%
VEREIT Operating Partnership L.P.4.875% 06/01/20260.2%
Embraer Overseas Ltd.5.696% 09/16/20230.2%
AmeriCredit Automobile Receivables Trust 2017-42.600% 09/18/20230.2%
Intesa Sanpaolo SpA5.710% 01/15/20260.2%
JB y Co SA de CV3.750% 05/13/20250.2%
Ammc Clo 19 Ltd.3.222% 10/15/20280.2%
CNOOC Curtis Funding No 1 Pty Ltd.4.500% 10/03/20230.2%
New Gold, Inc.6.250% 11/15/20220.2%
GoldenTree Loan Opportunities IX Ltd3.130% 10/29/20260.2%
Universal Health Services, Inc.5.000% 06/01/20260.2%
Enbridge US Inc0.000% 04/23/20180.2%
Energy Transfer Partners L.P.0.000% 04/27/20180.2%
Government National Mortgage Association2.600% 06/16/20570.2%
Life Technologies Corp.6.000% 03/01/20200.2%
Leidos, Inc.7.125% 07/01/20320.2%
Sberbank of Russia Via SB Capital S.A.4.150% 03/06/20190.2%
Blue Cube Spinco, Inc.10.000% 10/15/20250.2%
Turkiye Vakiflar Bankasi Tao5.750% 01/30/20230.2%
National Oilwell Varco, Inc.3.950% 12/01/20420.2%
Palmer Square Loan Funding 2018-1 Ltd2.822% 04/15/20260.2%
Tengizchevroil Finance Co International Ltd4.000% 08/15/20260.2%
Macquarie Bank Ltd.6.625% 04/07/20210.2%
Israel Electric Corp.4.250% 08/14/20280.2%
Enbridge US Inc0.000% 04/13/20180.2%
Assurant, Inc.4.900% 03/27/20280.2%
BNP Paribas S.A.4.375% 03/01/20330.2%
Teva Pharmaceutical Finance Netherlands III BV1.700% 07/19/20190.2%
Brixmor Operating Partnership L.P.3.850% 02/01/20250.2%
Origin Energy Finance Ltd.5.450% 10/14/20210.2%
BNP Paribas S.A.6.750% 12/14/21660.2%
Mosaic Co.2.552% 11/18/20210.2%
Edison International4.125% 03/15/20280.2%
Hanover Insurance Group, Inc.4.500% 04/15/20260.2%
Phosagro OAO via Phosagro Bond Funding Ltd3.949% 04/24/20230.2%
HBOS plc6.750% 05/21/20180.2%
Aquarion Co.4.000% 08/15/20240.2%
Enbridge, Inc.6.000% 01/15/20770.2%
Motiva Enterprises LLC5.750% 01/15/20200.2%
Baidu, Inc.3.625% 07/06/20270.2%
Tapstone Energy LLC / Tapstone Energy Finance Corp9.750% 06/01/20220.2%
MMC Norilsk Nickel OJSC via MMC Finance Ltd.4.100% 04/11/20230.2%
World Financial Network Credit Card Master Trust2.030% 04/15/20250.2%
Saka Energi Indonesia PT4.450% 05/05/20240.2%
Santander Drive Auto Receivables Trust 2014-54.230% 04/15/20220.2%
China Railway Resources Huitung Ltd.3.850% 02/05/20230.2%
AmeriCredit Automobile Receivables Trust 2017-43.080% 12/18/20230.2%
Time Warner Entertainment Co. L.P.8.375% 07/15/20330.2%
JD.com, Inc.3.875% 04/29/20260.2%
SunTrust Auto Receivables Trust3.240% 01/16/20230.2%
Anheuser-Busch InBev Worldwide, Inc.4.000% 04/13/20280.2%
Morgan Stanley2.617% 05/08/20240.2%
BBVA Bancomer SA5.125% 01/18/20330.2%
Morgan Stanley7.300% 05/13/20190.2%
Southern Copper Corp.5.250% 11/08/20420.2%
Bombardier, Inc.6.125% 01/15/20230.2%
Pacific Gas & Electric Co.3.300% 12/01/20270.2%
Conn's Receivables Funding 2017-B LLC5.950% 11/15/20220.2%
Eni USA Inc7.300% 11/15/20270.2%
Pentair Finance SA2.650% 12/01/20190.2%
Discover Financial Services4.100% 02/09/20270.2%
Sempra Energy4.000% 02/01/20480.2%
California Republic Auto Receivables Trust1.750% 01/15/20210.2%
National Fuel Gas Co.4.900% 12/01/20210.2%
AT&T, Inc.5.350% 09/01/20400.2%
Enterprise Products Operating LLC5.084% 08/01/20660.2%
Conn's Receivables Funding 2017-B LLC2.730% 07/15/20200.2%
Expedia, Inc.5.000% 02/15/20260.2%
Energy Transfer Partners LP8.250% 11/15/20290.2%
KOC Holding AS5.250% 03/15/20230.2%
ABN Amro Bank NV4.750% 07/28/20250.2%
Enbridge Energy Partners L.P.5.133% 10/01/20370.2%
Spectra Energy Capital LLC6.200% 04/15/20180.2%
American Axle & Manufacturing, Inc.6.500% 04/01/20270.2%
Gazprom OAO Via Gaz Capital SA4.950% 02/06/20280.2%
Fresenius Medical Care US Finance II, Inc.4.750% 10/15/20240.2%
Hawaiian Electric Co., Inc.0.000% 04/03/20180.2%
OM Asset Management plc4.800% 07/27/20260.2%
International Paper Co.7.300% 11/15/20390.2%
Spectra Energy Partners L.P.2.195% 06/05/20200.2%
Devon Energy Corp.5.600% 07/15/20410.2%
Solera Finance, Inc.10.500% 03/01/20240.2%
CNO Financial Group, Inc.5.250% 05/30/20250.2%
Embraer Netherlands Finance BV5.050% 06/15/20250.2%
Oncor Electric Delivery Co. LLC7.000% 09/01/20220.2%
Santander UK Group Holdings plc3.823% 11/03/20280.2%
Northwell Healthcare, Inc.3.979% 11/01/20460.2%
GE Capital International Funding Co.4.418% 11/15/20350.2%
Woori Bank4.750% 04/30/20240.2%
Republic of Argentina4.625% 01/11/20230.2%
World Financial Network Credit Card Master Trust2.660% 08/15/20240.2%
Old Mutual plc8.000% 06/03/20210.2%
Calpine Corp.5.500% 02/01/20240.2%
Bayer Corp6.650% 02/15/20280.2%
Cedar Funding VII Clo Ltd3.035% 01/20/20310.2%
Caesars Palace Las Vegas Trust 2017-VICI3.835% 10/15/20340.2%
Barrick International Barbados Corp.6.350% 10/15/20360.2%
Mississippi Power Co.4.250% 03/15/20420.2%
Mountain Hawk III CLO Ltd.2.934% 04/18/20250.2%
Birchwood Park CLO Ltd.2.900% 07/15/20260.2%
Oaktree EIF II Series A2 Ltd.3.539% 11/15/20250.2%
Barclays Bank plc10.179% 06/12/20210.2%
Kansas City Southern0.000% 04/13/20180.2%
Ontario Teachers' Cadillac Fairview Properties Tru3.875% 03/20/20270.2%
JBS USA LLC/JBS USA Finance, Inc.7.250% 06/01/20210.2%
Macquarie Group Ltd.4.654% 03/27/20290.2%
Unum Group5.750% 08/15/20420.2%
Bank of Montreal3.803% 12/15/20320.2%
Americredit Automobile Receivables Trust 2016-42.740% 12/08/20220.2%
Huntington Auto Trust1.590% 11/16/20200.2%
Broadcom Corp. / Broadcom Cayman Finance Ltd.3.875% 01/15/20270.2%
VEREIT Operating Partnership L.P.3.000% 02/06/20190.2%
Halliburton Co.6.700% 09/15/20380.2%
Discover Bank7.000% 04/15/20200.2%
Neuberger Berman Group LLC4.500% 03/15/20270.2%
Alibaba Group Holding Ltd.4.400% 12/06/20570.2%
Amazon.com, Inc.3.150% 08/22/20270.2%
Newell Rubbermaid, Inc.0.000% 04/30/20180.1%
Dominion Resources, Inc.5.750% 10/01/20540.1%
Westpac Banking Corp.4.322% 11/23/20310.1%
Burlington Northern Santa Fe LLC6.150% 05/01/20370.1%
Chicago Parking Meters LLC5.489% 12/30/20200.1%
SCE Trust III0.000% -0.1%
Sigma Alimentos S.A. de C.V.4.125% 05/02/20260.1%
Sanchez Energy Corp.6.125% 01/15/20230.1%
JPMorgan Chase & Co.3.540% 05/01/20280.1%
First Data Corp.7.000% 12/01/20230.1%
GCI, Inc.6.875% 04/15/20250.1%
Aleris International, Inc.9.500% 04/01/20210.1%
Matador Resources Co.6.875% 04/15/20230.1%
Appalachian Power Co.7.000% 04/01/20380.1%
Bombardier, Inc.8.750% 12/01/20210.1%
Alexion Pharmaceuticals3.436% 06/22/20200.1%
Duqesne Light Holdings, Inc.6.250% 08/15/20350.1%
Banco Santander S.A.3.125% 02/23/20230.1%
Synchrony Credit Card Master Note Trust2.620% 10/15/20250.1%
Vale Overseas Ltd.6.250% 08/10/20260.1%
Magellan Midstream Partners L.P.6.550% 07/15/20190.1%
VEREIT Operating Partnership L.P.3.950% 08/15/20270.1%
Exelon Generation Co. LLC5.600% 06/15/20420.1%
United Rentals, Inc.4.875% 01/15/20280.1%
Dollar Tree, Inc.5.750% 03/01/20230.1%
Actavis Funding SCS4.850% 06/15/20440.1%
Baidu, Inc.3.875% 09/29/20230.1%
NXP BV / NXP Funding LLC3.750% 06/01/20180.1%
NextEra Energy Operating Partners LP4.500% 09/15/20270.1%
Oasis Petroleum, Inc.6.875% 03/15/20220.1%
Resolute Energy Corp.8.500% 05/01/20200.1%
Level 3 Parent LLC5.750% 12/01/20220.1%
Thacher Park CLO Ltd.2.905% 10/20/20260.1%
FTS International, Inc.6.250% 05/01/20220.1%
Enable Midstream Partners L.P.0.000% 05/29/20180.1%
Enbridge US Inc0.000% 05/25/20180.1%
Drive Auto Receivables Trust3.020% 11/15/20210.1%
American International Group, Inc.4.125% 02/15/20240.1%
COMM 2016-SAVA Mortgage Trust3.460% 10/15/20340.1%
Chrysler Capital Auto Receivables Trust 2015-B2.700% 12/15/20200.1%
Endeavor Energy Resources L.P.5.750% 01/30/20280.1%
Lincoln National Corp.7.000% 06/15/20400.1%
NextGear Floorplan Master Owner Trust2.740% 04/15/20210.1%
Time Warner Cable LLC6.550% 05/01/20370.1%
Petrobras Global Finance BV5.750% 02/01/20290.1%
Baxalta, Inc.2.438% 06/22/20180.1%
CNAC HK Finbridge Co Ltd3.500% 07/19/20220.1%
National Fuel Gas Co.3.750% 03/01/20230.1%
Drive Auto Receivables Trust3.840% 07/15/20210.1%
Peabody Energy Corp.6.000% 03/31/20220.1%
Orchestra Borrower LLC / Orchestra Co-Issuer Inc6.750% 06/15/20220.1%
First Quantum Minerals Ltd.6.875% 03/01/20260.1%
Six Flags Entertainment Corp.4.875% 07/31/20240.1%
J.C. Penney Corp., Inc.5.875% 07/01/20230.1%
Equinix, Inc.5.750% 01/01/20250.1%
Hyundai Capital America2.000% 07/01/20190.1%
General Cable Corp.5.750% 10/01/20220.1%
Gerdau Trade, Inc.4.875% 10/24/20270.1%
CSC Holdings LLC10.125% 01/15/20230.1%
Expedia, Inc.3.800% 02/15/20280.1%
Weatherford International Ltd. Bermuda9.875% 03/01/20390.1%
Seven Generations Energy Ltd.6.875% 06/30/20230.1%
Scientific Games International, Inc.10.000% 12/01/20220.1%
Anheuser-Busch InBev Worldwide, Inc.4.600% 04/15/20480.1%
Columbia Pipeline Group, Inc.3.300% 06/01/20200.1%
RSP Permian, Inc.6.625% 10/01/20220.1%
Scientific Games International, Inc.6.625% 05/15/20210.1%
MGIC Investment Corp.5.750% 08/15/20230.1%
US Cellular Corp.6.700% 12/15/20330.1%
European Investment Bank1.250% 05/15/20180.1%
Air Canada 2015-2 Class B Pass Through Trust5.000% 12/15/20230.1%
National Fuel Gas Co.3.950% 09/15/20270.1%
Hunt Cos Inc6.250% 02/15/20260.1%
Popular, Inc.7.000% 07/01/20190.1%
Cent CLO Ltd.3.090% 10/29/20250.1%
CIT Group, Inc.6.125% 03/09/20280.1%
North Texas Tollway Auth8.410% 02/01/20300.1%
Precision Drilling Corp.5.250% 11/15/20240.1%
Lima Metro Line 2 Finance Ltd.5.875% 07/05/20340.1%
Wyndham Hotels & Resorts3.972% 03/28/20250.1%
Bowman Park CLO Ltd.3.100% 11/23/20250.1%
Avis Budget Rental Car Funding2.970% 02/20/20200.1%
Enable Midstream Partners L.P.0.000% 05/30/20180.1%
Navient Corp.5.875% 03/25/20210.1%
Cliffs Natural Resources, Inc.5.750% 03/01/20250.1%
Norfolk Southern Corp.5.590% 05/17/20250.1%
Halliburton Co.7.450% 09/15/20390.1%
Itron, Inc.5.000% 01/15/20260.1%
Mountain View CLO X Ltd3.117% 10/13/20270.1%
Avis Budget Rental Car Funding2.460% 07/20/20200.1%
SESI LLC7.125% 12/15/20210.1%
U.S. Treasury Note/Bond2.750% 08/15/20470.1%
Trinidad Drilling Ltd.6.625% 02/15/20250.1%
Cent CLO Ltd.2.864% 07/23/20250.1%
Regatta IV Funding Ltd5.045% 07/25/20260.1%
Government National Mortgage Association2.700% 07/16/20570.1%
Intesa Sanpaolo SpA3.875% 01/12/20280.1%
Acwa Power Management And Investments One Ltd5.950% 12/15/20390.1%
SURA Asset Management SA4.375% 04/11/20270.1%
Cleveland Electric Illuminating Co.3.500% 04/01/20280.1%
Alexandria Real Estate Equities, Inc.3.950% 01/15/20280.1%
Gulf South Pipeline Co L.P.4.000% 06/15/20220.1%
Royal Caribbean Cruises Ltd.7.500% 10/15/20270.1%
Griffon Corp.5.250% 03/01/20220.1%
Citigroup, Inc.4.600% 03/09/20260.1%
Brand Energy & Infrastructure Services Inc8.500% 07/15/20250.1%
CNH Equipment Trust1.890% 04/15/20220.1%
Banco Mercantil del Norte SA/Grand Cayman7.625% 07/06/21670.1%
Caesars Palace Las Vegas Trust 2017-VICI4.138% 10/15/20340.1%
Petroleos Mexicanos5.500% 06/27/20440.1%
Royal Caribbean Cruises Ltd.5.250% 11/15/20220.1%
Yum! Brands, Inc.6.875% 11/15/20370.1%
Mohegan Tribal Gaming Authority7.875% 10/15/20240.1%
CF Industries, Inc.4.500% 12/01/20260.1%
Braskem Netherlands Finance BV4.500% 01/10/20280.1%
Silversea Cruise Finance Ltd.7.250% 02/01/20250.1%
Palmer Square Loan Funding 2017-1 Ltd3.422% 10/15/20250.1%
Ausdrill Finance Pty Ltd.6.875% 11/01/20190.1%
Liberty Mutual Group, Inc.5.000% 06/01/20210.1%
Enbridge Energy Partners L.P.9.875% 03/01/20190.1%
SL Green Operating Partnership L.P.3.250% 10/15/20220.1%
Adani Ports & Special Economic Zone Ltd4.000% 07/30/20270.1%
EnCana Corp.6.500% 05/15/20190.1%
Glencore Finance Canada Ltd.4.950% 11/15/20210.1%
Williams Scotsman International Inc7.875% 12/15/20220.1%
ONEOK Partners L.P.8.625% 03/01/20190.1%
Newmont Mining Corp.5.125% 10/01/20190.1%
Keurig Green Mountain Inc3.000% 03/03/20210.1%
Nationstar Mortgage LLC / Nationstar Capital Corp.7.875% 10/01/20200.1%
William Lyon Homes, Inc.5.750% 04/15/20190.1%
Texas Eastern Transmission L.P.4.125% 12/01/20200.1%
Navient Corp.6.750% 06/25/20250.1%
Government National Mortgage Association2.750% 02/16/20580.1%
Valmont Industries, Inc.5.250% 10/01/20540.1%
Pentair Finance SA0.000% 04/04/20180.1%
Northwest Pipeline Corp.6.050% 06/15/20180.1%
EPR Properties4.500% 04/01/20250.1%
Goldcorp, Inc.3.625% 06/09/20210.1%
Molex Electronics Technologies LLC0.000% 06/11/20180.1%
AbbVie, Inc.4.700% 05/14/20450.1%
Berry Petroleum Co.7.000% 02/15/20260.1%
Vedanta Resources plc6.125% 08/09/20240.1%
Healthcare Trust of America Holdings LP3.375% 07/15/20210.1%
Columbia Pipeline Group, Inc.2.450% 06/01/20180.1%
Martin Marietta Materials, Inc.2.096% 05/22/20200.1%
Zimmer Biomet Holdings, Inc.3.375% 11/30/20210.1%
TIBCO Software, Inc.11.375% 12/01/20210.1%
Enable Midstream Partners L.P.2.400% 05/15/20190.1%
Alibaba Group Holding Ltd.4.200% 12/06/20470.1%
Physicians Realty L.P.4.300% 03/15/20270.1%
Akbank TAS7.200% 03/16/20270.1%
Doncasters US Finance LLC (Doncasters US LLC)5.377% 04/09/20200.1%
U.S. Treasury Note/Bond3.000% 05/15/20470.1%
CRH America Finance, Inc.4.500% 04/04/20480.1%
China Overseas Finance Cayman V Ltd.5.350% 11/15/20420.1%
Macquarie Bank Ltd.4.875% 06/10/20250.1%
Wells Fargo Commercial Mortgage Trust4.291% 07/15/20460.1%
Dow Chemical Co.9.400% 05/15/20390.1%
YPF S.A.7.000% 12/15/20470.1%
Itau Unibanco Holding SA (Cayman Islands)6.125% 12/12/21670.1%
Infraestructura Energetica Nova SAB de CV4.875% 01/14/20480.1%
Huntington Bancshares, Inc.5.700% 12/31/20990.1%
Illinois, IL5.100% 06/01/20330.1%
Barclays Dryrock Issuance Trust 2016-11.520% 05/16/20220.1%
BlueLine Rental Finance Corp. / BlueLine Rental LL9.250% 03/15/20240.1%
Amazon.com, Inc.4.250% 08/22/20570.1%
Synchrony Credit Card Master Note Trust2.820% 10/15/20250.1%
CSMC Trust4.373% 09/15/20370.1%
Jamestown CLO VII Ltd.3.045% 07/25/20270.1%
Yingde Gases Investment Ltd6.250% 01/19/20230.1%
Albertsons Cos LLC / Safeway, Inc. / New Albertson6.625% 06/15/20240.1%
Minejesa Capital BV5.625% 08/10/20370.1%
Cheniere Corpus Christi Holdings LLC5.125% 06/30/20270.1%
Community Health Systems, Inc.6.250% 03/31/20230.1%
Barrick North America Finance LLC7.500% 09/15/20380.1%
Hyundai Capital America1.750% 09/27/20190.1%
Red de Carreteras de Occidente SAPIB de CV9.000% 06/10/20280.1%
Charter Communications Operating LLC6.484% 10/23/20450.1%
Chobani LLC / Chobani Finance Corp Inc7.500% 04/15/20250.1%
COMM Mortgage Trust4.441% 07/10/20500.1%
Government National Mortgage Association2.600% 07/16/20580.1%
Enterprise Products Operating LLC7.550% 04/15/20380.1%
Kindred Healthcare, Inc.8.000% 01/15/20200.1%
SCF Equipment Leasing 2017-2 LLC3.410% 12/20/20230.1%
William Lyon Homes, Inc.7.000% 08/15/20220.1%
Palmer Square Loan Funding 2018-1 Ltd3.272% 04/15/20260.1%
JPMBB Commercial Mortgage Securities Trust4.308% 07/15/20480.1%
VA Electric & Power Co.8.875% 11/15/20380.1%
Signode Industrial Group6.375% 05/01/20220.1%
Healthcare Trust of America Holdings LP2.950% 07/01/20220.1%
Express Scripts Holding Co.6.125% 11/15/20410.1%
Commonwealth Bank of Australia4.316% 01/10/20480.1%
Eterna Capital Pte Ltd6.000% 12/11/20220.1%
Noble Holding International Ltd.7.875% 02/01/20260.1%
Tesoro Logistics L.P.6.250% 10/15/20220.1%
Banco Inbursa SA Institucion de Banca Multiple4.375% 04/11/20270.1%
SCANA Corp.6.250% 04/01/20200.1%
Avery Point CLO Ltd.3.231% 07/17/20260.1%
Seneca Park CLO Ltd.2.851% 07/17/20260.1%
Northwoods Capital Ltd.2.912% 04/15/20250.1%
Springs Industries, Inc.6.250% 06/01/20210.1%
Kaiser Foundation Hospitals4.150% 05/01/20470.1%
Centene Corp.5.625% 02/15/20210.1%
GAHR Commericial Mortgage Trust3.382% 12/15/20340.1%
Dell International LLC / EMC Corp7.125% 06/15/20240.1%
Sound Point CLO II Ltd2.822% 01/26/20310.1%
E*TRADE Financial Corp.3.800% 08/24/20270.1%
Century Communities, Inc.5.875% 07/15/20250.1%
Energy Transfer Partners LP6.625% 10/15/20360.1%
GS Mortgage Securities Trust1.519% 06/10/20460.1%
DBWF Mortgage Trust3.422% 06/10/20340.1%
Teva Pharmaceutical Finance Co., LLC6.150% 02/01/20360.1%
Eldorado Gold Corp.6.125% 12/15/20200.1%
Activision Blizzard, Inc.6.125% 09/15/20230.1%
EMI Music Publishing Group North America Holdings7.625% 06/15/20240.1%
AT&T, Inc.5.150% 02/14/20500.1%
Provident Funding Associates L.P. / PFG Finance Co6.375% 06/15/20250.1%
Access Point Funding I 2017-1 LLC3.060% 04/15/20290.1%
Nationstar Mortgage LLC / Nationstar Capital Corp.6.500% 07/01/20210.1%
CCO Holdings LLC / CCO Holdings Capital Corp.5.875% 04/01/20240.1%
Fidelity National Financial, Inc.5.500% 09/01/20220.1%
Sterigenics-Nordion Topco LLC8.125% 11/01/20210.1%
Galaxy XXI CLO Ltd2.765% 04/20/20310.1%
Goodman US Finance Four LLC4.500% 10/15/20370.1%
Kindred Healthcare, Inc.8.750% 01/15/20230.1%
UTEX Industries9.127% 05/22/20220.1%
Chemours Co.5.375% 05/15/20270.1%
GS Mortgage Securities Trust0.509% 06/10/20460.1%
Palmer Square Loan Funding 2018-1 Ltd3.622% 04/15/20260.1%
AmeriCredit Automobile Receivables Trust2.180% 06/08/20200.1%
Toronto-Dominion Bank3.625% 09/15/20310.1%
Newell Rubbermaid, Inc.3.150% 04/01/20210.1%
Kosmos Energy Ltd.7.875% 08/01/20210.1%
Bill Barrett Corp.7.000% 10/15/20220.1%
Waste Pro USA Inc5.500% 02/15/20260.1%
CPG Merger Sub LLC8.000% 10/01/20210.1%
Terraform Global Operating LLC6.125% 03/01/20260.1%
California Republic Auto Receivables Trust 2015-43.730% 11/15/20210.1%
Lockheed Martin Corp.7.750% 05/01/20260.1%
Citigroup, Inc.5.950% 12/31/20990.1%
Macquarie Bank Ltd./London6.125% 03/08/21670.1%
Chaparral Energy, Inc.0.000% -0.1%
TI Group Automotive Systems LLC8.750% 07/15/20230.1%
Infor Software Parent LLC / Infor Software Parent7.125% 05/01/20210.1%
Santander Drive Auto Receivables Trust 2016-31.890% 06/15/20210.1%
Rumo Luxembourg Sarl7.375% 02/09/20240.0%
PPL WEM Ltd./Western Power Distribution Ltd.5.375% 05/01/20210.0%
Joseph T Ryerson & Son, Inc.11.000% 05/15/20220.0%
Kinder Morgan, Inc.5.625% 11/15/20230.0%
Florida Gas Transmission Co., LLC7.900% 05/15/20190.0%
Watco Cos. LLC / Watco Finance Corp.6.375% 04/01/20230.0%
CIFC Funding Ltd.3.144% 05/24/20260.0%
Rede D'or Finance Sarl4.950% 01/17/20280.0%
Willis North America, Inc.7.000% 09/29/20190.0%
Royal Caribbean Cruises Ltd.3.700% 03/15/20280.0%
Newfield Exploration Co.5.750% 01/30/20220.0%
GS Mortgage Securities Trust4.412% 07/10/20480.0%
Tronox Finance LLC7.500% 03/15/20220.0%
Goodman US Finance Three LLC3.700% 03/15/20280.0%
Teco Finance, Inc.5.150% 03/15/20200.0%
U.S. Treasury Note/Bond3.625% 02/15/20440.0%
E. On International Finance BV5.800% 04/30/20180.0%
Newell Rubbermaid, Inc.3.850% 04/01/20230.0%
Engs Commercial Finance Trust2.310% 10/22/20210.0%
Studio City Co Ltd7.250% 11/30/20210.0%
Bombardier, Inc.5.750% 03/15/20220.0%
Smithfield Foods, Inc.3.350% 02/01/20220.0%
Navios South American Logistics Inc / Navios Logis7.250% 05/01/20220.0%
Santander UK plc5.000% 11/07/20230.0%
Summit Materials LLC6.125% 07/15/20230.0%
Everett Spinco2.584% 12/16/20210.0%
Range Resources Corp.5.000% 08/15/20220.0%
Avery Point CLO Ltd.2.711% 07/17/20260.0%
OneMain Financial Issuance Trust 2016-1A3.660% 02/20/20290.0%
MPLX L.P.5.500% 02/15/20230.0%
Santander Drive Auto Receivables Trust 2016-14.020% 04/15/20220.0%
Carrizo Oil & Gas, Inc.7.500% 09/15/20200.0%
Drive Auto Receivables Trust2.370% 11/16/20200.0%
Drive Auto Receivables Trust4.590% 01/17/20230.0%
Santander Drive Auto Receivables Trust 2016-22.080% 02/16/20210.0%
Glencore Funding LLC4.125% 05/30/20230.0%
APX Group, Inc.8.750% 12/01/20200.0%
Glencore Funding LLC3.000% 10/27/20220.0%
Carrizo Oil & Gas, Inc.8.250% 07/15/20250.0%
MP CLO VI Ltd.2.922% 01/15/20270.0%
ITC Holdings Corp.5.500% 01/15/20200.0%
Doncasters US Finance LLC (Doncasters US LLC)10.552% 10/09/20200.0%
BRF SA7.750% 05/22/20180.0%
Apidos CLO XVI4.739% 01/19/20250.0%
International Automotive Components Group S.A.9.125% 06/01/20180.0%
Drive Auto Receivables Trust4.180% 03/15/20240.0%
Merrill Lynch Mortgage Investors Trust Series6.250% 10/25/20360.0%
UTEX Industries5.877% 05/22/20210.0%
Avis Budget Rental Car Funding2.630% 12/20/20210.0%
SolarCity Corp.2.750% 11/01/20180.0%
Raizen Fuels Finance5.300% 01/20/20270.0%
NYU Hospitals Center4.368% 07/01/20470.0%
Diamond Resorts Owner Trust2.990% 05/22/20280.0%
International Lease Finance Corp.5.875% 08/15/20220.0%
Government National Mortgage Association0.613% 07/16/20540.0%
Genworth Holdings Inc6.515% 05/22/20180.0%
Illinois, IL5.520% 04/01/20380.0%
Lincoln National Corp.6.300% 10/09/20370.0%
Templar Energy LLC0.000% -0.0%
Kraft Heinz Foods Co.7.125% 08/01/20390.0%
CIT Group, Inc.5.800% 12/31/20990.0%
Affiliated Managers Group, Inc.4.250% 02/15/20240.0%
HudBay Minerals, Inc.7.625% 01/15/20250.0%
Hudsons Bay Simon JV Trust0.541% 08/05/20340.0%
SL Green Realty Corp.4.500% 12/01/20220.0%
Canadian Natural Resources Ltd.7.200% 01/15/20320.0%
WFRBS Commercial Mortgage Trust1.105% 05/15/20470.0%
Peabody Energy Corp.6.375% 03/31/20250.0%
Affiliated Managers Group, Inc.3.500% 08/01/20250.0%
Bunge Ltd. Finance Corp.8.500% 06/15/20190.0%
Zimmer Biomet Holdings, Inc.5.750% 11/30/20390.0%
OI European Group BV4.000% 03/15/20230.0%
Range Resources Corp.5.875% 07/01/20220.0%
GS Mortgage Securities Trust0.184% 11/10/20480.0%
Sunoco Logistics Partners L.P.3.450% 01/15/20230.0%
Americredit Automobile Receivables Trust 2016-41.340% 04/08/20200.0%
Oncor Electric Delivery Co. LLC7.500% 09/01/20380.0%
CPS Auto Receivables Trust2.070% 11/15/20190.0%
Hudsons Bay Simon JV Trust0.493% 08/05/20340.0%
Sequoia Mortgage Trust2.069% 09/25/20420.0%
HudBay Minerals, Inc.7.250% 01/15/20230.0%
Diamond Resorts Owner Trust3.080% 11/20/20280.0%
Oncor Electric Delivery Co. LLC7.000% 05/01/20320.0%
Burlington Northern Santa Fe LLC6.200% 08/15/20360.0%
Teva Pharmaceutical Finance Co. B.V.3.650% 11/10/20210.0%
Energy Transfer Partners LP / Regency Energy Finan5.000% 10/01/20220.0%
Mattel, Inc.2.350% 08/15/20210.0%
Santander Drive Auto Receivables Trust2.570% 04/15/20210.0%
Bank of America Corp.2.600% 01/15/20190.0%
TCF Auto Receivables Owner Trust3.530% 03/15/20220.0%
Flagship Credit Auto Trust2.380% 10/15/20200.0%
Reynolds Group Issuer, Inc.6.875% 02/15/20210.0%
Antero Resources Corp.5.125% 12/01/20220.0%
Chaparral Energy, Inc.0.000% -0.0%
Xerox Corp.3.625% 03/15/20230.0%
California Republic Auto Receivables Trust 2015-42.040% 01/15/20200.0%
JPMBB Commercial Mortgage Securities Trust1.137% 04/15/20470.0%
FX MXN/USD 04/180.000% 04/12/20180.0%
FX ZAR/USD 04/180.000% 04/12/20180.0%
DOMMO ENERGIA SA-SP ADR0.000% -0.0%
Templar Energy LLC0.000% -0.0%
WFRBS Commercial Mortgage Trust0.585% 05/15/20470.0%
FX CNY/USD 04/180.000% 04/12/20180.0%
FX USD/TRY 04/180.000% 04/12/20180.0%
FX USD/ILS 04/180.000% 04/12/20180.0%
FX USD/BRL 04/180.000% 04/12/20180.0%
FX THB/USD 04/180.000% 04/12/20180.0%
FX MYR/USD 04/180.000% 04/12/20180.0%
JPMBB Commercial Mortgage Securities Trust0.266% 04/15/20470.0%
FX USD/PLN 04/180.000% 04/12/20180.0%
FX USD/ILS 04/180.000% 04/12/20180.0%
FX USD/HUF 04/180.000% 04/12/20180.0%
Federal Home Loan Mortgage Corp.0.000% 08/15/20220.0%
FX USD/ILS 04/180.000% 04/12/20180.0%
FX PLN/USD 04/180.000% 04/12/20180.0%
FX USD/PHP 04/180.000% 04/12/20180.0%
FX HUF/USD 04/180.000% 04/12/20180.0%
Eneva SA0.000% -0.0%
FX USD/PHP 04/180.000% 04/12/20180.0%
FX USD/BRL 04/180.000% 04/12/20180.0%
DOMMO ENERGIA SA-SP ADR0.000% -0.0%
Chaparral Energy, Inc.0.000% -0.0%
Federal Home Loan Mortgage Corp.0.000% 09/15/20220.0%
Afren plc10.250% 04/08/20190.0%
Afren plc6.625% 12/09/20200.0%
FX USD/PHP 04/180.000% 04/12/20180.0%
Federal Home Loan Mortgage Corp.0.000% 06/15/20210.0%
Federal Home Loan Mortgage Corp.0.000% 10/15/20210.0%
US LONG BOND(CBT) JUN180.000% 06/29/20180.0%
US 10YR ULTRA FUT JUN180.000% 06/29/20180.0%
US ULTRA BOND CBT JUN180.000% 06/29/20180.0%
Federal National Mortgage Assoc.9.500% 08/25/20210.0%
Federal Home Loan Mortgage Corp.1010.500% 02/15/20210.0%
Federal Home Loan Mortgage Corp.1008.500% 04/15/20210.0%
Federal Home Loan Mortgage Corp.982.654% 04/15/20220.0%
Federal Home Loan Mortgage Corp.1007.000% 02/15/20220.0%
Federal Home Loan Mortgage Corp.0.000% 07/01/20220.0%
Federal National Mortgage Assoc.0.000% 04/25/20220.0%
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.544.714% 12/15/20200.0%
Federal Home Loan Mortgage Corp.1185.497% 09/15/20210.0%
Federal Home Loan Mortgage Corp.1008.400% 11/15/20210.0%
Federal National Mortgage Assoc.1008.000% 12/25/20210.0%
Federal Home Loan Mortgage Corp.409.000% 04/15/20210.0%
Federal Home Loan Mortgage Corp.900.950% 12/15/20200.0%
OGX Austria GmbH8.500% 06/01/20180.0%
Centene Corp0.000% 09/13/20180.0%
Federal Home Loan Mortgage Corp.1095.350% 10/15/20200.0%
Federal Home Loan Mortgage Corp.1009.000% 02/15/20210.0%
US 10YR NOTE (CBT)JUN180.000% 06/29/20180.0%
US 2YR NOTE (CBT) JUN180.000% 07/05/20180.0%
FX USD/THB 04/180.000% 04/12/20180.0%
FX USD/THB 04/180.000% 04/12/20180.0%
FX USD/THB 04/180.000% 04/12/20180.0%
FX ILS/USD 04/180.000% 04/12/20180.0%
US 5YR NOTE (CBT) JUN180.000% 07/05/20180.0%
FX USD/CNY 04/180.000% 04/12/20180.0%
FX USD/MYR 04/180.000% 04/12/20180.0%
FX BRL/USD 04/180.000% 04/12/20180.0%
FX USD/ZAR 04/180.000% 04/12/20180.0%
FX USD/MXN 04/180.000% 04/12/20180.0%
FX TRY/USD 04/180.000% 04/12/20180.0%
FX USD/GBP 04/180.000% 04/19/20180.0%
FX USD/MXN 04/180.000% 04/12/20180.0%
FX USD/MXN 05/180.000% 05/14/20180.0%
FX PHP/USD 04/180.000% 04/12/20180.0%
FX ILS/USD 04/180.000% 04/12/20180.0%
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%

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 05/24/2018
$0.039
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 04/30/2018 $0.01022 $2.77
Daily Daily 03/31/2018 $0.01015 $2.80
Daily Daily 02/28/2018 $0.00985 $2.81
Daily Daily 01/31/2018 $0.00937 $2.85

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 05/31/2018
Daily Daily 06/30/2018
Daily Daily 07/31/2018
Daily Daily 08/31/2018
Daily Daily 09/30/2018
Daily Daily 10/31/2018
Daily Daily 11/30/2018
Daily Daily 12/31/2018

Fees & Expenses

Fees & Expenses

Expense Ratioas of 04/30/2018

0.48%

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.

 

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.

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