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Income Fund

Daily price w/o sales charge as of 07/06/2020

$2.90

arrowUp$0.01

YTD Returns w/o sales charge as of 07/06/2020

1.82%

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 07/06/2020  

w/o sales charge 4.01%

30-Day Standardized Yield 2 as of 05/31/2020  

3.76%

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

Fund Basicsas of 05/29/2020

Total Net Assets
$2.63 B
Inception Date
04/05/2017
Dividend Frequency
Monthly
Fund Expense Ratio
0.49%
Number of Holdings
596

Fund Expense Ratio :

0.49%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge 1.05% 4.90% 4.65% 4.84% 5.73% -
Lipper Category Avg. Corporate Debt Funds BBB-Rated - - - - - -
Bloomberg Barclays U.S. Credit Bond Index 4.82% 9.07% 6.14% 5.54% 5.24% -

Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.

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 1.05% 4.90% 4.65% 4.84% 5.73% -
Lipper Category Avg. Corporate Debt Funds BBB-Rated - - - - - -
Bloomberg Barclays U.S. Credit Bond Index 4.82% 9.07% 6.14% 5.54% 5.24% -

Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.

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
ABS
Bank Loans
U.S. Government Related
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 05/29/2020 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

22 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Chief Investment Officer

29 Years of Industry Experience

Kewjin Yuoh
Kewjin Yuoh

Partner & Portfolio Manager

26 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Director of Taxable Fixed Income

19 Years of Industry Experience

Yoana N. Koleva
Yoana N. Koleva, CFA

Managing Director & Portfolio Manager

17 Years of Industry Experience

Eric P. Kang
Eric P. Kang

Portfolio Manager

21 Years of Industry Experience

Supported By 59 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 07/06/2020  

w/o sales charge 4.01%

30-Day Standardized Yield 2 as of 05/31/2020  

  Subsidized5 Un-Subsidized6
w/o sales charge 3.76% 3.76%

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 1.05% 4.90% 4.65% 4.84% 5.73% -
Lipper Category Avg. Corporate Debt Funds BBB-Rated - - - - - -
Bloomberg Barclays U.S. Credit Bond Index 4.82% 9.07% 6.14% 5.54% 5.24% -

Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.

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 1.05% 4.90% 4.65% 4.84% 5.73% -
Lipper Category Avg. Corporate Debt Funds BBB-Rated - - - - - -
Bloomberg Barclays U.S. Credit Bond Index 4.82% 9.07% 6.14% 5.54% 5.24% -

Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.

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% 11.09% - - 1.82%
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
ABS
Bank Loans
U.S. Government Related
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 05/29/2020

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 3/31/2020

  • Over the quarter, we increased the Fund’s exposure to high yield corporate bonds. We focused on adding to consumer cyclical  and non cyclical names that we believe to have attractive relative value.
  • We modestly added to the Fund’s bank loan allocation during the quarter, as we believe loans of select issuers have attractive value versus their bonds.
  • The dramatic moves in spreads across fixed income credit in March have led to valuations we have not seen in some time, creating attractive relative value opportunities in high quality investment grade corporate debt. We modestly added to the asset class during the period.
  • We remain cautious about making shifts that would radically change the Fund’s positioning, given the high degree of uncertainty in the market. Rather, we are monitoring market volatility and making tactical adjustments based on where we find attractive relative-value opportunities.
  • We believe investor sentiment will improve upon the pandemic showing signs of waning which will be supportive of risk assets.
  • We continue to emphasize liquidity and flexibility within the Fund and are tactically adjusting risk exposure to favor asset classes that offer the best risk-adjusted carry opportunities and that have lagged within the recent spread tightening. 

Portfolio Details as of 05/29/2020

Total Net Assets
$2.63 B
Number of Issues
596
Average Coupon
4.7%
Average Life
9.58 Years
Average Maturity
9.58 Years
Average Effective Duration
6.59 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
Verizon Communications, Inc. 2.792% 05/15/2025 1.4%
Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worl 4.700% 02/01/2036 1.4%
U.S. Treasury Note/Bond 0.625% 05/15/2030 1.2%
General Electric Co. 5.000% 12/31/2099 1.0%
AbbVie, Inc. 4.250% 11/21/2049 1.0%
CVS Caremark Corp. 4.300% 03/25/2028 0.9%
AT&T, Inc. 3.067% 06/12/2024 0.9%
Time Warner Cable LLC 7.300% 07/01/2038 0.8%
General Motors Co. 6.750% 04/01/2046 0.7%
T-Mobile USA, Inc. 3.174% 04/01/2027 0.7%
% of Total Assets 10.0%
Holding Coupon Maturity Assets
Verizon Communications, Inc.2.792% 05/15/20251.4%
Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worl4.700% 02/01/20361.4%
U.S. Treasury Note/Bond0.625% 05/15/20301.2%
General Electric Co.5.000% 12/31/20991.0%
AbbVie, Inc.4.250% 11/21/20491.0%
CVS Caremark Corp.4.300% 03/25/20280.9%
AT&T, Inc.3.067% 06/12/20240.9%
Time Warner Cable LLC7.300% 07/01/20380.8%
General Motors Co.6.750% 04/01/20460.7%
T-Mobile USA, Inc.3.174% 04/01/20270.7%
PSEG Power LLC8.625% 04/15/20310.7%
BAT Capital Corp4.390% 08/15/20370.7%
Equinix, Inc.5.375% 05/15/20270.6%
Altria Group, Inc.5.950% 02/14/20490.6%
AT&T, Inc.6.000% 08/15/20400.6%
NBCUniversal Enterprise, Inc.5.250% 06/19/20990.6%
UBS AG Registered Shares5.125% 05/15/20240.6%
CVS Caremark Corp.4.780% 03/25/20380.6%
Universal Health Services, Inc.4.750% 08/01/20220.5%
U.S. Treasury Note0.500% 04/15/20240.5%
Danske Bank A/S5.375% 01/12/20240.5%
Cox Communications, Inc.8.375% 03/01/20390.5%
Zimmer Biomet Holdings, Inc.5.750% 11/30/20390.5%
Helmerich & Payne, Inc.4.650% 03/15/20250.5%
Ford Motor Co.7.450% 07/16/20310.5%
NGPL Pipeco LLC4.875% 08/15/20270.5%
Bank of Ireland Group PLC4.125% 09/19/20270.5%
Valero Energy Corp.10.500% 03/15/20390.5%
Dell International LLC / EMC Corp.8.350% 07/15/20460.5%
ENI SpA5.700% 10/01/20400.5%
CNO Financial Group, Inc.5.250% 05/30/20250.5%
HCA, Inc.5.500% 06/15/20470.5%
National Australia Bank Ltd.3.933% 08/02/20340.4%
Las Vegas Sands Corp.3.900% 08/08/20290.4%
Bacardi Ltd.4.700% 05/15/20280.4%
AT&T, Inc.3.650% 06/01/20510.4%
Nvent Finance Sarl4.550% 04/15/20280.4%
T-Mobile USA, Inc.3.750% 04/15/20270.4%
Biogen Idec, Inc.2.250% 05/01/20300.4%
Bank of America Corp.4.450% 03/03/20260.4%
Huntington Ingalls Industries, Inc.3.844% 05/01/20250.4%
NRG Energy, Inc.4.450% 06/15/20290.4%
Suncor Energy, Inc.7.875% 06/15/20260.4%
Catholic Health Initiatives3.347% 10/01/20290.4%
Alimentation Couche-Tard, Inc.2.950% 01/25/20300.4%
Ally Financial, Inc.8.000% 11/01/20310.4%
Bayer US Finance II LLC3.875% 12/15/20230.4%
UBS AG7.625% 08/17/20220.4%
Boeing Co.5.805% 05/01/20500.4%
Boeing Co0.000% 02/06/20220.4%
Oglethorpe Power Corp.5.950% 11/01/20390.4%
Continental Resources, Inc.5.000% 09/15/20220.4%
Wells Fargo Capital X5.950% 12/01/20860.4%
Global Payments, Inc.3.200% 08/15/20290.4%
Patterson-UTI Energy, Inc.3.950% 02/01/20280.4%
CNH Capital LLC4.375% 04/05/20220.4%
Williams Cos., Inc.8.750% 03/15/20320.4%
HCA, Inc.5.125% 06/15/20390.4%
Teachers Insurance & Annuity Association of Americ4.900% 09/15/20440.4%
Smithfield Foods, Inc.5.200% 04/01/20290.3%
Alcon Finance Corp2.600% 05/27/20300.3%
FirstEnergy Transmission LLC4.550% 04/01/20490.3%
Suncor Energy Ventures Corp4.500% 04/01/20220.3%
MPLX L.P.5.250% 01/15/20250.3%
IDEX Corp.3.000% 05/01/20300.3%
Cigna Corp2.400% 03/15/20300.3%
TransAlta Corp.4.500% 11/15/20220.3%
Leidos, Inc.7.125% 07/01/20320.3%
Enbridge Energy Partners L.P.7.500% 04/15/20380.3%
Freeport-McMoRan, Inc.5.450% 03/15/20430.3%
Baidu, Inc.3.875% 09/29/20230.3%
RPI Finance Trust2.291% 02/07/20250.3%
Ausgrid Finance Pty Ltd4.350% 08/01/20280.3%
Alleghany Corp.3.625% 05/15/20300.3%
Dollar Tree, Inc.4.200% 05/15/20280.3%
Fresenius Medical Care US Finance II, Inc.5.875% 01/31/20220.3%
Dell International LLC / EMC Corp6.020% 06/15/20260.3%
VEREIT Operating Partnership L.P.4.875% 06/01/20260.3%
Goldman Sachs Group, Inc.6.750% 10/01/20370.3%
Centene Corp.4.625% 12/15/20290.3%
Cheniere Corpus Christi Holdings LLC7.000% 06/30/20240.3%
Canadian Natural Resources Ltd.7.200% 01/15/20320.3%
Discover Bank4.682% 08/09/20280.3%
Aircastle Ltd.4.250% 06/15/20260.3%
General Electric Co.6.150% 08/07/20370.3%
CNAC HK Finbridge Co Ltd4.125% 07/19/20270.3%
Hess Corp.5.800% 04/01/20470.3%
Kayne CLO 7 Ltd2.607% 04/17/20330.3%
Hilcorp Energy L.P. / Hilcorp Finance Co.6.250% 11/01/20280.3%
Great Wolf Trust 2019-WOLF1.218% 12/15/20360.3%
Navient Corp.6.750% 06/25/20250.3%
MPLX L.P.2.985% 09/09/20220.3%
Santander UK plc7.950% 10/26/20290.3%
Sabine Pass Liquefaction LLC5.875% 06/30/20260.3%
Apache Corp.5.100% 09/01/20400.3%
Trimble Navigation Ltd.4.900% 06/15/20280.3%
Wabtec Corp.4.950% 09/15/20280.3%
ZF North America Capital, Inc.4.750% 04/29/20250.3%
United Technologies Corp.2.250% 07/01/20300.3%
Protective Life Corp.8.450% 10/15/20390.3%
Boston Scientific Corp.2.650% 06/01/20300.3%
U.S. Treasury Note/Bond1.250% 05/15/20500.3%
Boeing Co.4.875% 05/01/20250.3%
New York and Presbyterian Hospital/The3.954% 08/01/21190.3%
Kansas City Southern4.200% 11/15/20690.3%
Universal Health Services, Inc.5.000% 06/01/20260.3%
Bayer Corp6.650% 02/15/20280.3%
Imperial Tobacco Finance plc3.875% 07/26/20290.3%
Park Aerospace Holdings Ltd5.500% 02/15/20240.3%
JBS USA LUX SA / JBS USA Food Co / JBS USA Finance6.500% 04/15/20290.3%
Federal Home Loan Mortgage Corp.4.000% 10/01/20490.3%
Netflix, Inc.3.625% 05/15/20270.3%
Consolidated Communications4.000% 10/05/20230.3%
Time Warner Entertainment Co. L.P.8.375% 07/15/20330.3%
Bank of Montreal3.803% 12/15/20320.3%
National Fuel Gas Co.3.750% 03/01/20230.3%
SOUND POINT CLO XVII2.735% 10/20/20300.3%
Fox Corp5.476% 01/25/20390.3%
E*TRADE Financial Corp.5.875% 12/31/20990.3%
Broadcom Corp. / Broadcom Cayman Finance Ltd.3.875% 01/15/20270.3%
Playtika Holding Corp7.072% 12/03/20240.3%
Emera US Finance L.P.4.750% 06/15/20460.3%
Anglo American Capital plc4.750% 04/10/20270.3%
Emera, Inc.6.750% 06/15/20760.3%
Aon plc8.205% 01/01/20270.3%
Burlington Northern Santa Fe LLC5.750% 05/01/20400.3%
Shackleton 2019-XIV Clo Ltd3.035% 07/20/20300.3%
WOW! (Wide Open West)4.250% 08/18/20230.2%
PVH Corp.7.750% 11/15/20230.2%
Diamondback Energy, Inc.5.375% 05/31/20250.2%
Kinross Gold Corp.4.500% 07/15/20270.2%
BX Commercial Mortgage Trust 2019-XL1.634% 10/15/20360.2%
Citigroup, Inc.2.666% 01/29/20310.2%
Energy Transfer Partners L.P.0.000% 06/01/20200.2%
Cleco Power LLC6.000% 12/01/20400.2%
Cleco Corp.4.973% 05/01/20460.2%
AT&T, Inc.2.875% 02/18/21700.2%
Walgreen Co.3.800% 11/18/20240.2%
Carnival Corp.11.500% 04/01/20230.2%
Puget Energy, Inc.4.100% 06/15/20300.2%
Wyndham Hotels & Resorts3.972% 03/28/20250.2%
Glencore Finance Canada Ltd.5.550% 10/25/20420.2%
Fresenius Medical Care US Finance II, Inc.4.750% 10/15/20240.2%
AerCap Ireland Capital Ltd.3.500% 01/15/20250.2%
El Paso Electric Co.5.000% 12/01/20440.2%
Global Atlantic Fin Co4.400% 10/15/20290.2%
Midwest Connector Capital Co LLC3.900% 04/01/20240.2%
BX Commercial Mortgage Trust 2019-XL2.184% 10/15/20360.2%
Charter Communications Operating LLC6.484% 10/23/20450.2%
Sabal Trail Transmission LLC4.246% 05/01/20280.2%
Bayer US Finance II LLC4.375% 12/15/20280.2%
Assurant, Inc.3.700% 02/22/20300.2%
ALM VII Ltd3.069% 07/15/20290.2%
Selective Insurance Group, Inc.5.375% 03/01/20490.2%
Westlake Automobile Receivables Trust 2020-12.520% 04/15/20250.2%
Brixmor Operating Partnership L.P.3.850% 02/01/20250.2%
Dominion Resources, Inc.7.000% 06/15/20380.2%
National Fuel Gas Co.5.500% 01/15/20260.2%
Enel Finance International N.V.2.750% 04/06/20230.2%
Owens Corning4.300% 07/15/20470.2%
American Homes 4 Rent LP4.250% 02/15/20280.2%
BAE Systems plc3.400% 04/15/20300.2%
Halliburton Co.7.450% 09/15/20390.2%
Neuberger Berman Group LLC4.875% 04/15/20450.2%
Air Medical Group Holdings, Inc.4.250% 04/28/20220.2%
BX Commercial Mortgage Trust 2019-XL1.984% 10/15/20360.2%
Webster Financial Corp.4.100% 03/25/20290.2%
Parsley Energy LLC5.375% 01/15/20250.2%
Steel Dynamics, Inc.5.000% 12/15/20260.2%
Mount Sinai Hospitals Group Inc3.737% 07/01/20490.2%
SL Green Operating Partnership L.P.3.250% 10/15/20220.2%
JB y Co SA de CV3.750% 05/13/20250.2%
Diamondback Energy, Inc.2.875% 12/01/20240.2%
GATX Corp.4.550% 11/07/20280.2%
Morgan Stanley5.000% 11/24/20250.2%
Lloyds Bank plc6.500% 09/14/20200.2%
Weyerhaeuser Co.8.500% 01/15/20250.2%
Bank of America Corp.2.023% 10/01/20210.2%
Sabine Pass Liquefaction LLC5.750% 05/15/20240.2%
Cimarex Energy Co.4.375% 03/15/20290.2%
NextEra Energy Capital Holdings, Inc.2.399% 02/25/20220.2%
NXP BV / NXP Funding LLC / NXP USA Inc3.150% 05/01/20270.2%
BMW US Capital LLC3.800% 04/06/20230.2%
NVR, Inc.3.000% 05/15/20300.2%
Venture XXIV CLO Ltd3.185% 10/20/20280.2%
EPR Properties4.950% 04/15/20280.2%
Cigna Corp6.125% 11/15/20410.2%
Baidu, Inc.3.625% 07/06/20270.2%
Northwell Healthcare, Inc.3.979% 11/01/20460.2%
AI Aqua Merger Sub, Inc.4.322% 12/13/20230.2%
Schaeffler Verwaltung Zwei GmbH4.750% 09/15/20260.2%
Phosagro OAO via Phosagro Bond Funding Ltd3.949% 04/24/20230.2%
BlueMountain CLO 2016-1 Ltd2.485% 04/20/20270.2%
Owens Corning7.000% 12/01/20360.2%
Marble Point CLO XVII Ltd2.196% 04/20/20330.2%
Puget Energy, Inc.3.650% 05/15/20250.2%
Hanover Insurance Group, Inc.4.500% 04/15/20260.2%
American Airlines Class B Pass Through Trust5.600% 07/15/20200.2%
Garda World Security Corp4.625% 02/15/20270.2%
Equinix, Inc.5.875% 01/15/20260.2%
Kaisa Group Holdings Ltd.9.375% 06/30/20240.2%
Stanley Black & Decker, Inc.4.000% 03/15/20600.2%
Matador Resources Co.5.875% 09/15/20260.2%
Neuberger Berman Group LLC4.500% 03/15/20270.2%
Macquarie Bank Ltd.6.625% 04/07/20210.2%
Origin Energy Finance Ltd.5.450% 10/14/20210.2%
Leidos, Inc.4.375% 05/15/20300.2%
World Financial Network Credit Card Master Trust2.030% 04/15/20250.2%
National Oilwell Varco, Inc.3.600% 12/01/20290.2%
Enbridge, Inc.6.000% 01/15/20770.2%
Mountain View CLO 2017-1 LLC2.266% 10/16/20290.2%
Hess Corp.5.600% 02/15/20410.2%
Southern Copper Corp.5.250% 11/08/20420.2%
National Oilwell Varco, Inc.3.950% 12/01/20420.2%
US Renal Care Inc10.625% 07/15/20270.2%
PPL WEM Ltd./Western Power Distribution Ltd.5.375% 05/01/20210.2%
Octagon Investment Partners 29 Ltd2.200% 01/24/20330.2%
Zayo Group Holdings, Inc.4.000% 03/01/20270.2%
Hardee's Funding LLC4.959% 06/20/20480.2%
Occidental Petroleum Corp.7.875% 09/15/20310.2%
Cheniere Corpus Christi Holdings LLC5.125% 06/30/20270.2%
Exelon Generation Co. LLC5.750% 10/01/20410.2%
Berry Petroleum Co.7.000% 02/15/20260.2%
NiSource, Inc.5.950% 06/15/20410.2%
AerCap Ireland Capital Ltd.3.875% 01/23/20280.2%
CVS Caremark Corp.5.050% 03/25/20480.2%
Octagon Investment Partners 30 Ltd2.835% 03/17/20300.2%
Exelon Generation Co. LLC6.250% 10/01/20390.2%
PFP 2019-6 Ltd2.282% 04/14/20370.2%
Flagship Credit Auto Trust 2019-14.080% 02/18/20250.2%
Sysco Corp.6.600% 04/01/20500.2%
Baker Hughes a GE Co LLC / Baker Hughes Co-Obligor4.080% 12/15/20470.2%
National Fuel Gas Co.4.900% 12/01/20210.2%
Spectra Energy Partners L.P.2.592% 06/05/20200.2%
Veritas5.950% 01/27/20230.2%
BBVA Bancomer SA5.125% 01/18/20330.2%
Halliburton Co.2.920% 03/01/20300.2%
Continental Resources, Inc.4.900% 06/01/20440.2%
Carnival Corp.0.000% 09/04/20200.2%
Mississippi Power Co.4.250% 03/15/20420.2%
Vulcan Materials Co.2.230% 03/01/20210.2%
Viper Energy Partners LP5.375% 11/01/20270.2%
Kennametal, Inc.4.625% 06/15/20280.2%
Sempra Energy4.000% 02/01/20480.2%
Boeing Co.5.930% 05/01/20600.1%
Boeing Co.3.600% 05/01/20340.1%
Citigroup, Inc.3.887% 01/10/20280.1%
Boeing Co.5.150% 05/01/20300.1%
Brand Energy & Infrastructure Services Inc8.500% 07/15/20250.1%
BSPRT 2018-FL4 Issuer Ltd1.234% 09/15/20350.1%
Anglo American Capital plc4.500% 03/15/20280.1%
Brightsphere Investment Group Inc4.800% 07/27/20260.1%
BBCMS 2019-BWAY Mortgage Trust1.794% 11/25/20340.1%
Global Payments, Inc.2.900% 05/15/20300.1%
Carlisle Cos., Inc.2.750% 03/01/20300.1%
Charles Schwab & Co., Inc.5.375% 04/30/21700.1%
Solera Finance, Inc.10.500% 03/01/20240.1%
Buckeye Partners L.P.6.375% 01/22/20780.1%
World Financial Network Credit Card Master Trust2.660% 08/15/20240.1%
Chobani LLC / Chobani Finance Corp Inc7.500% 04/15/20250.1%
American Airlines Class B Pass Through Trust4.375% 10/01/20220.1%
BNP Paribas S.A.4.500% 02/25/21700.1%
American Airlines Class B Pass Through Trust5.625% 01/15/20210.1%
Foursight Capital Automobile Receivables Trust 2014.190% 11/15/20230.1%
KKR CLO 18 Ltd2.835% 07/18/20300.1%
Healthcare Trust of America Holdings LP3.100% 02/15/20300.1%
CEOC, LLC (aka Caesars Entertainment Operating Company)2.174% 10/07/20240.1%
Centene Corp.5.375% 06/01/20260.1%
Jamestown CLO IX Ltd3.785% 10/20/20280.1%
Lincoln National Corp.7.000% 06/15/20400.1%
CSMC 2020-AFC1 Trust2.240% 02/25/20500.1%
Westpac Banking Corp.4.322% 11/23/20310.1%
Daimler Finance North America LLC1.750% 03/10/20230.1%
AT&T, Inc.4.300% 02/15/20300.1%
Hardee's Funding LLC5.710% 06/20/20480.1%
Exelon Generation Co. LLC5.600% 06/15/20420.1%
Daimler Finance North America LLC2.592% 02/15/20220.1%
Country Garden Holdings Co. Ltd.4.750% 09/28/20230.1%
DTE Energy Co.6.375% 04/15/20330.1%
Westpac Banking Corp.4.110% 07/24/20340.1%
Appalachian Power Co.7.000% 04/01/20380.1%
Energy Transfer Operating LP5.875% 01/15/20240.1%
Boeing Co.5.705% 05/01/20400.1%
Duqesne Light Holdings, Inc.6.250% 08/15/20350.1%
Enel Finance International N.V.4.250% 09/14/20230.1%
MEG Energy Corp.7.000% 03/31/20240.1%
Barclays Bank plc10.179% 06/12/20210.1%
Lincoln National Corp.6.300% 10/09/20370.1%
AZEK Co LLC/The9.500% 05/15/20250.1%
MPLX L.P.6.875% 12/31/20990.1%
E*TRADE Financial Corp.4.500% 06/20/20280.1%
Imperial Tobacco Finance plc3.125% 07/26/20240.1%
Avolon Holdings Funding Ltd5.125% 10/01/20230.1%
Valeant Pharmaceuticals International, Inc.6.125% 04/15/20250.1%
Century Communities, Inc.5.875% 07/15/20250.1%
GCI LLC6.875% 04/15/20250.1%
Freeport-McMoRan, Inc.4.250% 03/01/20300.1%
CNH Capital LLC4.875% 04/01/20210.1%
American Honda Finance Corp.0.000% 07/20/20200.1%
Interstate Power and Light Co3.500% 09/30/20490.1%
Credit Index Swap5.000% 06/20/20250.1%
Stericycle Inc0.000% 11/17/20220.1%
Resorts World Las Vegas LLC0.000% 04/16/20240.1%
U.S. Treasury Note/Bond0.250% 05/31/20250.1%
Hecla Mining Co.7.250% 02/15/20280.1%
Xiaomi Best Time International Ltd3.375% 04/29/20300.1%
Northwoods Capital 20 Ltd6.151% 01/25/20300.1%
Perimeter Master Note Business Trust4.230% 05/15/20240.1%
Endeavor Energy Resources L.P.5.750% 01/30/20280.1%
PDC Energy, Inc.5.750% 05/15/20260.1%
Owens Corning3.875% 06/01/20300.1%
MediArena Acquisition B.V. (fka AP NMT Acquisition B.V.)7.788% 08/13/20210.1%
US Cellular Corp.6.700% 12/15/20330.1%
ION Trading Technologies S.A.R.L.5.072% 11/21/20240.1%
Keurig Dr Pepper Inc.3.495% 02/08/20230.1%
Scientific Games International, Inc.6.625% 05/15/20210.1%
Navistar International Corp.9.500% 05/01/20250.1%
Laredo Petroleum Holdings, Inc.10.125% 01/15/20280.1%
PayPal Holdings, Inc.2.850% 10/01/20290.1%
North Texas Tollway Auth8.410% 02/01/20300.1%
U.S. Treasury Note/Bond3.625% 08/15/20430.1%
LifePoint Hospitals, Inc.6.750% 04/15/20250.1%
Panther BF Aggregator 2 LP / Panther Finance Co In8.500% 05/15/20270.1%
Financial & Risk US Hold4.879% 10/01/20250.1%
Starfruit Finco BV / Starfruit US Holdco LLC8.000% 10/01/20260.1%
Nissan Motor Acceptance Corp.2.065% 09/28/20220.1%
Northwoods Capital 20 Ltd4.701% 01/25/20300.1%
VMC Finance 2019-FL3 LLC1.271% 09/15/20360.1%
Sophia LP / Sophia Finance, Inc.9.000% 09/30/20230.1%
SM Energy Co.6.625% 01/15/20270.1%
eBay, Inc.1.900% 03/11/20250.1%
Energy Transfer Operating LP9.000% 11/01/20240.1%
Acadia Healthcare Co., Inc.5.625% 02/15/20230.1%
Verus Securitization Trust 2020-12.417% 01/25/20600.1%
CPS Auto Trust4.610% 12/15/20220.1%
Seven Generations Energy Ltd.6.875% 06/30/20230.1%
National Fuel Gas Co.3.950% 09/15/20270.1%
AbbVie, Inc.4.875% 11/14/20480.1%
Cheniere Corpus Christi Holdings LLC3.700% 11/15/20290.1%
Forterra, Inc.4.000% 10/25/20230.1%
Gulfstream Natural Gas System LLC4.600% 09/15/20250.1%
Centennial Resource Production LLC6.875% 04/01/20270.1%
Kilroy Realty L.P.4.375% 10/01/20250.1%
Citigroup, Inc.4.600% 03/09/20260.1%
AerCap Ireland Capital Ltd.4.875% 01/16/20240.1%
Waste Pro USA Inc5.500% 02/15/20260.1%
Cedar Funding VI CLO Ltd2.735% 10/20/20280.1%
MEG Energy Corp.6.500% 01/15/20250.1%
General Motors Co.6.125% 10/01/20250.1%
Walgreen Co.3.200% 04/15/20300.1%
Interstate Power and Light Co3.600% 04/01/20290.1%
Hunt Cos Inc6.250% 02/15/20260.1%
Weibo Corp.3.500% 07/05/20240.1%
Nissan Motor Acceptance Corp.1.701% 07/13/20200.1%
SURA Asset Management SA4.375% 04/11/20270.1%
Freeport-McMoRan, Inc.5.250% 09/01/20290.1%
Acwa Power Management And Investments One Ltd5.950% 12/15/20390.1%
Colonial Enterprises Inc3.250% 05/15/20300.1%
Mountain View CLO X Ltd2.661% 10/13/20270.1%
Williams Scotsman International Inc7.875% 12/15/20220.1%
Northrop Grumman Systems Corp.7.750% 02/15/20310.1%
Capitol Investment Merger Sub 2 LLC10.000% 08/01/20240.1%
Shea Homes LP / Shea Homes Funding Corp.4.750% 02/15/20280.1%
AbbVie, Inc.4.700% 05/14/20450.1%
AMMC CLO XIV Ltd2.691% 07/25/20290.1%
Palmer Square Loan Funding 2018-1 Ltd1.819% 04/15/20260.1%
Hadrian Merger Sub Inc8.500% 05/01/20260.1%
Adani Transmission Ltd4.000% 08/03/20260.1%
Scientific Games International, Inc.7.250% 11/15/20290.1%
Syngenta Wilmington, Inc.0.000% 06/02/20200.1%
Walgreen Co.0.000% 07/24/20200.1%
Deephaven Residential Mortgage Trust 2020-12.339% 01/25/20600.1%
Starwood Mortgage Residential Trust 2020-12.275% 02/25/20500.1%
Great Wolf Trust 2019-WOLF2.916% 12/15/20360.1%
Wabash National Corp.5.500% 10/01/20250.1%
Carnival Corp.0.000% 09/03/20200.1%
Wells Fargo Commercial Mortgage Trust 2017-C413.785% 11/15/20500.1%
Sabine Pass Liquefaction LLC5.625% 04/15/20230.1%
Sound Point Clo XV Ltd3.543% 01/23/20290.1%
Yum! Brands, Inc.6.875% 11/15/20370.1%
Macquarie Bank Ltd.4.875% 06/10/20250.1%
Uber Technologies Inc7.500% 11/01/20230.1%
Marathon Petroleum Corp.5.375% 10/01/20220.1%
Planet Fitness Master Issuer LLC3.858% 12/05/20490.1%
Ford Motor Credit Co. LLC5.584% 03/18/20240.1%
MediArena Acquisition B.V. (fka AP NMT Acquisition B.V.)10.437% 08/13/20220.1%
General Motors Financial Co., Inc.0.000% 07/06/20200.1%
Valmont Industries, Inc.5.250% 10/01/20540.1%
Texas Eastern Transmission L.P.4.125% 12/01/20200.1%
MHP Lux SA6.950% 04/03/20260.1%
Scientific Games International, Inc.3.476% 08/14/20240.1%
MPLX L.P.6.250% 10/15/20220.1%
Jamestown CLO VII Ltd.2.291% 07/25/20270.1%
Salem Fields CLO Ltd 2016-23.494% 10/25/20280.1%
HPS Loan Management 10-2016 Ltd2.885% 01/20/20280.1%
Hayward Acquisition Corp.3.674% 08/05/20240.1%
CenturyLink, Inc.2.174% 01/28/20250.1%
Illinois, IL5.100% 06/01/20330.1%
Synchrony Credit Card Master Note Trust2.820% 10/15/20250.1%
Canadian Pacific Railway Co.7.125% 10/15/20310.1%
U.S. Treasury Note/Bond2.750% 11/15/20470.1%
Ford Motor Credit Co. LLC5.113% 05/03/20290.1%
Yingde Gases Investment Ltd6.250% 01/19/20230.1%
Minejesa Capital BV5.625% 08/10/20370.1%
MEG Energy Corp.7.125% 02/01/20270.1%
Turkiye Vakiflar Bankasi Tao5.750% 01/30/20230.1%
Oztel Holdings SPC Ltd6.625% 04/24/20280.1%
Healthcare Realty Trust, Inc.2.400% 03/15/20300.1%
Ford Motor Co3.335% 12/31/20220.1%
Eldorado Resorts, Inc.6.000% 09/15/20260.1%
Glencore Funding LLC4.125% 05/30/20230.1%
Global Aircraft Leasing Co Ltd6.500% 09/15/20240.1%
Benefit Street Partners Clo XII Ltd4.269% 10/15/20300.1%
Nissan Motor Acceptance Corp.1.261% 03/15/20210.1%
Hyundai Capital America0.000% 06/29/20200.1%
GCAT 2019-NQM2 Trust2.247% 01/25/20600.1%
SL Green Realty Corp.4.500% 12/01/20220.1%
Snap-on, Inc.3.100% 05/01/20500.1%
Forestar Group, Inc.5.000% 03/01/20280.1%
E*TRADE Financial Corp.3.800% 08/24/20270.1%
Zayo Group Holdings, Inc.6.125% 03/01/20280.1%
Palmer Square Loan Funding 2018-1 Ltd2.269% 04/15/20260.1%
JPMBB Commercial Mortgage Securities Trust4.269% 07/15/20480.1%
COMM Mortgage Trust4.430% 07/10/20500.1%
Southern Star Central Corp.5.125% 07/15/20220.1%
WeWork Cos Inc7.875% 05/01/20250.1%
U.S. Treasury Note/Bond2.375% 11/15/20490.1%
Angel Oak Mortgage Trust 2020-12.466% 12/25/20590.1%
SAIC, Inc.5.950% 12/01/20400.1%
Bank Leumi Le-Israel BM3.275% 01/29/20310.1%
CPG Merger Sub LLC8.000% 10/01/20210.1%
Mohegan Tribal Gaming Authority7.875% 10/15/20240.1%
Prosus NV3.680% 01/21/20300.1%
MidOcean Credit CLO VI3.035% 01/20/20290.1%
Conn's Receivables Funding 2017-B LLC5.950% 11/15/20220.1%
Air Canada 2015-2 Class B Pass Through Trust5.000% 12/15/20230.1%
BMW Vehicle Lease Trust 2019-12.790% 03/22/20210.1%
Science Applications Intern2.424% 03/05/20270.1%
Syngenta Finance NV4.441% 04/24/20230.1%
Valeant Pharmaceuticals International, Inc.5.000% 01/30/20280.1%
EagleView Technology Corporation3.863% 08/14/20250.1%
New Residential Mortgage Loan Trust 2020-NQM12.464% 01/26/20600.1%
Avery Point CLO Ltd.2.591% 04/25/20260.0%
BlueMountain CLO 2013-1 Ltd2.885% 01/20/20290.0%
COMM 2016-COR1 Mortgage Trust3.494% 10/10/20490.0%
Diamondback Energy, Inc.4.750% 05/31/20250.0%
Genesys Telecommunications Laboratories Inc/Greene10.000% 11/30/20240.0%
American Honda Finance Corp.0.000% 08/11/20200.0%
Lockheed Martin Corp.7.750% 05/01/20260.0%
MPH Acquisition Holdings LLC4.200% 06/07/20230.0%
Duqesne Light Holdings, Inc.6.400% 09/15/20200.0%
BAE Systems Finance Inc7.500% 07/01/20270.0%
Palmer Square Loan Funding 2018-1 Ltd2.619% 04/15/20260.0%
Danske Bank A/S5.000% 01/12/20220.0%
QEP Resources, Inc.5.375% 10/01/20220.0%
Illinois, IL4.950% 06/01/20230.0%
Oglethorpe Power Corp.4.200% 12/01/20420.0%
Netflix, Inc.3.625% 06/15/20250.0%
Turkiye Vakiflar Bankasi Tao5.625% 05/30/20220.0%
Valeant Pharmaceuticals International, Inc.7.000% 03/15/20240.0%
Stericycle Inc1.966% 11/17/20220.0%
Oasis Petroleum, Inc.6.875% 03/15/20220.0%
Compass Bank3.875% 04/10/20250.0%
Halliburton Co.3.800% 11/15/20250.0%
Enterprise Development Authority/The12.000% 07/15/20240.0%
Baker Hughes a GE Co LLC / Baker Hughes Co-Obligor3.337% 12/15/20270.0%
JPMorgan Chase & Co.4.000% 12/31/20990.0%
D.R. Horton, Inc.2.600% 10/15/20250.0%
Rede D'or Finance Sarl4.950% 01/17/20280.0%
Callon Petroleum Co.6.375% 07/01/20260.0%
Carrier Global Corp3.577% 04/05/20500.0%
Ford Motor Credit Co. LLC0.000% 06/02/20200.0%
ZF North America Capital, Inc.4.500% 04/29/20220.0%
Joseph T Ryerson & Son, Inc.11.000% 05/15/20220.0%
Galaxy XXI CLO Ltd2.155% 04/20/20310.0%
Boral Finance Pty Ltd3.000% 11/01/20220.0%
Smithfield Foods, Inc.3.350% 02/01/20220.0%
American Airlines Group, Inc.3.750% 03/01/20250.0%
Residential Mortgage Loan Trust 2020-12.376% 02/25/20240.0%
Invitation Homes, Inc.3.589% 02/06/20220.0%
Builders FirstSource, Inc.5.000% 03/01/20300.0%
Danske Bank A/S4.375% 06/12/20280.0%
Cent CLO Ltd.2.171% 10/29/20250.0%
NOVA Chemicals Corp.5.250% 08/01/20230.0%
Palmer Square Loan Funding 2018-5 Ltd2.535% 01/20/20270.0%
GS Mortgage Securities Trust4.426% 07/10/20480.0%
MHP Lux SA6.250% 09/19/20290.0%
General Electric Co.2.121% 05/05/20260.0%
Country Garden Holdings Co. Ltd.4.750% 01/17/20230.0%
ACC Trust 2018-16.810% 02/21/20230.0%
CSX Corporation, Inc.7.875% 05/15/20430.0%
American Homes 4 Rent LP4.900% 02/15/20290.0%
BAT Capital Corp4.700% 04/02/20270.0%
Bill Barrett Corp.7.000% 10/15/20220.0%
Glencore Funding LLC3.000% 10/27/20220.0%
Apex Credit CLO 2017 Ltd2.970% 04/24/20290.0%
Halcyon Loan Advisors Funding Ltd.3.141% 07/25/20270.0%
Thacher Park CLO Ltd.2.295% 10/20/20260.0%
Elevation CLO 2014-2 Ltd4.419% 10/15/20290.0%
Callon Petroleum Co.6.250% 04/15/20230.0%
Seven Generations Energy Ltd.5.375% 09/30/20250.0%
BAT Capital Corp3.557% 08/15/20270.0%
DRB Prime Student Loan Trust3.200% 01/25/20400.0%
Aston Martin Capital Holdings Ltd6.500% 04/15/20220.0%
Bowman Park CLO Ltd.1.540% 11/23/20250.0%
Lockheed Martin Tactical Systems Inc7.625% 06/15/20250.0%
Apex Credit CLO 2016 Ltd2.841% 10/27/20280.0%
Metropolitan Edison Co.4.000% 04/15/20250.0%
Mountain Hawk III CLO Ltd.2.335% 04/18/20250.0%
GS Mortgage Securities Trust1.415% 06/10/20460.0%
Occidental Petroleum Corp.2.700% 08/15/20220.0%
Sysco Corp.6.600% 04/01/20400.0%
GS Mortgage Securities Trust0.518% 06/10/20460.0%
Avis Budget Rental Car Funding2.630% 12/20/20210.0%
Glencore Finance Canada Ltd.4.250% 10/25/20220.0%
Enterprise Fleet Financing LLC2.870% 10/20/20230.0%
SCF Equipment Leasing 2017-2 LLC3.410% 12/20/20230.0%
Marriott International, Inc.0.000% 07/06/20200.0%
General Motors Financial Co., Inc.4.250% 05/15/20230.0%
Eldorado Resorts, Inc.4.553% 04/17/20240.0%
Illinois, IL5.520% 04/01/20380.0%
Huntington Ingalls Industries, Inc.5.000% 11/15/20250.0%
Wells Fargo Commercial Mortgage Trust4.276% 07/15/20460.0%
SM Energy Co.6.125% 11/15/20220.0%
Motion Bondco DAC6.625% 11/15/20270.0%
PG&E Corp5.029% 12/31/20200.0%
El Paso Electric Co.6.000% 05/15/20350.0%
Canadian Pacific Railway Co.9.450% 08/01/20210.0%
Santander Drive Auto Receivables Trust 2016-14.020% 04/15/20220.0%
Doncasters US Finance LLC (Doncasters US LLC)8.500% 03/31/20240.0%
Triumph Group, Inc.5.250% 06/01/20220.0%
Drive Auto Receivables Trust4.180% 03/15/20240.0%
AutoNation, Inc.4.750% 06/01/20300.0%
ACC Trust 2018-14.820% 05/20/20210.0%
Government National Mortgage Association0.632% 07/16/20540.0%
Hudsons Bay Simon JV Trust0.541% 08/05/20340.0%
Merrill Lynch Mortgage Investors Trust Series6.250% 10/25/20360.0%
Doncasters US Finance LLC (Doncasters US LLC)0.500% 03/31/20250.0%
Leggett & Platt, Inc.0.000% 06/09/20200.0%
Leidos, Inc.5.500% 07/01/20330.0%
Valero Energy Corp.7.500% 04/15/20320.0%
Avery Point CLO Ltd.2.115% 07/17/20260.0%
GS Mortgage Securities Trust0.182% 11/10/20480.0%
Callon Petroleum Co.6.125% 10/01/20240.0%
WFRBS Commercial Mortgage Trust0.958% 05/15/20470.0%
Cigna Corp4.800% 07/15/20460.0%
Bayer US Finance II LLC2.577% 06/25/20210.0%
Daimler Finance North America LLC2.301% 05/04/20210.0%
Callon Petroleum Co.8.250% 07/15/20250.0%
Interstate Power and Light Co4.700% 10/15/20430.0%
AbbVie, Inc.2.346% 11/21/20220.0%
Sequoia Mortgage Trust 2012-42.069% 09/25/20420.0%
Hudsons Bay Simon JV Trust0.493% 08/05/20340.0%
Seneca Park CLO Ltd.2.255% 07/17/20260.0%
UTEX Industries5.311% 05/22/20210.0%
Occidental Petroleum Corp.1.842% 08/15/20220.0%
UTEX Industries8.561% 05/22/20220.0%
Diamond Resorts Owner Trust3.080% 11/20/20280.0%
FX USD/EUR 06/200.000% 06/09/20200.0%
Tapstone Energy Holdings III, LLC0.000% 06/01/20220.0%
JPMBB Commercial Mortgage Securities Trust0.748% 04/15/20470.0%
WFRBS Commercial Mortgage Trust0.572% 05/15/20470.0%
Occidental Petroleum Corp.2.600% 04/15/20220.0%
Afren plc6.625% 12/09/20200.0%
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%
FX EUR/USD 06/200.000% 06/09/20200.0%
Tapstone Energy LLC / Tapstone Energy Finance Corp0.000% -0.0%
EURO-SCHATZ FUT JUN200.000% 06/10/20200.0%
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.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 ULTRA FUT SEP200.000% 09/30/20200.0%
US LONG BOND(CBT) SEP200.000% 09/30/20200.0%
US ULTRA BOND CBT SEP200.000% 09/30/20200.0%
US 2YR NOTE (CBT) SEP200.000% 10/05/20200.0%
US 5YR NOTE (CBT) SEP200.000% 10/05/20200.0%
FX USD/EUR 06/200.000% 06/09/20200.0%

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 07/06/2020
$0.058
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 06/30/2020 $0.00969 $2.88
Daily Daily 05/31/2020 $0.00989 $2.82
Daily Daily 04/30/2020 $0.01029 $2.75
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 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 05/31/2020

0.49%

Fund Documents

Fund Documents

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Summary Prospectus
Publish Date:11/03/2015
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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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