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 07/18/2018

$2.76

$0.00

YTD Returns w/o sales charge as of 07/18/2018

-1.58%

Overall Morningstar Ratings

Corporate Bond
as of 06/30/2018

Morningstar rated the Lord Abbett Income Fund class I share 4, 4 and 5 stars among 177, 148 and 79 Corporate Bond Funds for the overall rating and the 3, 5 and 10 year periods ended 6/30/2018, respectively.

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

Click here to view all legal text including risk information

Summary

Summary

What is the 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 07/18/2018  

w/o sales charge 4.36%

30-Day Standardized Yield 2 as of 06/30/2018  

3.99%

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

Fund Basicsas of 06/29/2018

Total Net Assets
$2.20 B
Inception Date
10/19/2004
Dividend Frequency
Monthly
Fund Expense Ratio
0.58%
Number of Holdings
628
CUSIP
543916670
Minimum Initial Investment
$1,000,000+

+Minimum Exceptions, Click here.

There is no minimum initial investment for (i) purchases through or by registered investment advisers (RIAs), bank trust departments, and other financial intermediaries otherwise eligible to purchase Class I shares that charge a fee for services that include investment advisory or management services or (ii) purchases by retirement and benefit plans meeting the Class I eligibility requirements as described in the prospectus. These investment minimums may be suspended, changed, or withdrawn by Lord Abbett Distributor LLC ("Lord Abbett Distributor").
Class I shares minimum initial investment of $1,000,000, unless otherwise noted, applies to certain types of institutional investors as described in the prospectus. 

In addition, the Fund has amended its strategy on December 14, 2007. 

Fund Expense Ratio :

0.58%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 10/19/2004
w/o sales charge -2.14% 0.41% 3.46% 4.14% 6.39% 5.75%
Lipper Category Avg. Corporate Debt Funds BBB-Rated -2.88% -0.81% 2.64% 3.22% 4.97% -
Bloomberg Barclays U.S. Credit Bond Index -2.99% -0.65% 2.86% 3.37% 5.15% 4.59%

Fund Expense Ratio :

0.58%

Fund Expense Ratio :

0.58%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 10/19/2004
w/o sales charge -2.14% 0.41% 3.46% 4.14% 6.39% 5.75%
Lipper Category Avg. Corporate Debt Funds BBB-Rated -2.88% -0.81% 2.64% 3.22% 4.97% -
Bloomberg Barclays U.S. Credit Bond Index -2.99% -0.65% 2.86% 3.37% 5.15% 4.59%

Fund Expense Ratio :

0.58%

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
Sovereign
Bank Loans
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 06/29/2018 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 60 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 07/18/2018  

w/o sales charge 4.36%

30-Day Standardized Yield 2 as of 06/30/2018  

  Subsidized5 Un-Subsidized6
w/o sales charge 3.99% 3.99%

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

Fund Expense Ratio :

0.58%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 10/19/2004
w/o sales charge -2.14% 0.41% 3.46% 4.14% 6.39% 5.75%
Lipper Category Avg. Corporate Debt Funds BBB-Rated -2.88% -0.81% 2.64% 3.22% 4.97% -
Bloomberg Barclays U.S. Credit Bond Index -2.99% -0.65% 2.86% 3.37% 5.15% 4.59%

Fund Expense Ratio :

0.58%

Fund Expense Ratio :

0.58%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 10/19/2004
w/o sales charge -2.14% 0.41% 3.46% 4.14% 6.39% 5.75%
Lipper Category Avg. Corporate Debt Funds BBB-Rated -2.88% -0.81% 2.64% 3.22% 4.97% -
Bloomberg Barclays U.S. Credit Bond Index -2.99% -0.65% 2.86% 3.37% 5.15% 4.59%

Fund Expense Ratio :

0.58%

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 7.14% 6.18%
2016 8.95% 5.63%
2015 -2.90% -0.77%
2014 7.43% 7.53%
2013 0.47% -2.01%
2012 12.72% 9.37%
2011 6.75% 8.35%
2010 11.47% 8.47%
2009 30.77% 16.04%
2008 -10.22% -3.08%
2007 6.96% -
2006 3.56% -
2005 2.61% -
2004 0.41% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2018 -1.44% -0.71% - - -1.58%
2017 2.38% 1.99% 1.65% 0.94% 7.14%
2016 3.12% 4.41% 2.80% -1.56% 8.95%
2015 1.87% -1.67% -2.04% -1.04% -2.90%
2014 3.77% 3.69% -0.14% -0.01% 7.43%
2013 1.25% -3.48% 0.97% 1.81% 0.47%
2012 3.83% 1.33% 4.74% 2.29% 12.72%
2011 2.08% 2.40% -0.38% 2.52% 6.75%
2010 3.81% 1.86% 5.45% -0.03% 11.47%
2009 3.21% 12.93% 9.69% 2.30% 30.77%
2008 1.24% 0.24% -5.97% -5.92% -10.22%
2007 1.24% -0.78% 3.22% 3.16% 6.96%
2006 -0.83% -0.05% 3.62% 0.84% 3.56%
2005 -0.13% 2.96% -0.88% 0.68% 2.61%
2004 - - - - 0.41%

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
Sovereign
Bank Loans
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 06/29/2018

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 06/30/2018

  • 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 current valuations and the potential for increased volatility and event risk, we remain focused on domestic opportunities. We are also seeking carry-oriented and idiosyncratic opportunities that would provide uncorrelated sources of return to the portfolio.
  • During the second quarter, we added to credit sensitive sectors given improved valuations and our view for a continued favorable economic backdrop. While we maintain an overweight position in high yield corporate bonds, we rotated from high yield to investment grade, specifically favoring “BBB” rated corporate bonds. We added to names that maintained attractive fundamentals and carry opportunities.
  • We also increased the portfolio’s allocation to the consumer non-cyclical sector, reducing the portfolio’s underweight. Specifically, we added to the health care and the food and beverage industry after identifying specific idiosyncratic opportunities for potential positive catalysts. Additionally, although we slightly decreased exposure to the sector, the portfolio continues to maintain an overweight in the energy sector, as we favor companies that benefit from rising oil price.
  • We decreased the portfolio’s allocation to the financials sector. While we continue to believe this cyclical sector offers opportunities due to improving credit qualities and economic growth in the U.S., we reduced our exposure to European financial companies due to weaker economic data in the region as well as an increase in political risk.

Portfolio Details as of 06/29/2018

Total Net Assets
$2.20 B
Number of Issues
628
Average Coupon
5.09%
Average Life
8.78 Years
Average Maturity
8.78 Years
Average Effective Duration
6.23 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 2.625% 06/30/2023 1.5%
U.S. Treasury Note/Bond 1.625% 11/15/2022 1.4%
CVS Caremark Corp. 4.300% 03/25/2028 1.1%
Verizon Communications, Inc. 4.862% 08/21/2046 1.1%
AT&T, Inc. 6.000% 08/15/2040 1.0%
Citigroup, Inc. 3.887% 01/10/2028 1.0%
Hyundai Capital America 2.500% 03/18/2019 0.8%
General Motors Co. 6.750% 04/01/2046 0.7%
Continental Resources, Inc. 5.000% 09/15/2022 0.7%
Kinder Morgan, Inc. 7.750% 01/15/2032 0.7%
% of Total Assets 10.0%

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/Bond2.750% 05/31/20232.0%
U.S. Treasury Note/Bond1.625% 11/15/20221.4%
CVS Caremark Corp.4.300% 03/25/20281.1%
Verizon Communications, Inc.4.862% 08/21/20461.1%
AT&T, Inc.6.000% 08/15/20401.0%
Citigroup, Inc.3.887% 01/10/20281.0%
Hyundai Capital America2.500% 03/18/20190.8%
General Motors Co.6.750% 04/01/20460.8%
Kinder Morgan, Inc.7.750% 01/15/20320.7%
Ford Motor Co.7.450% 07/16/20310.7%
JPMorgan Chase & Co.4.250% 10/15/20200.7%
NBCUniversal Enterprise, Inc.5.250% 06/19/20990.7%
Universal Health Services, Inc.4.750% 08/01/20220.6%
Tech Data Corp.3.700% 02/15/20220.6%
UBS AG Registered Shares5.125% 05/15/20240.6%
Continental Resources, Inc.5.000% 09/15/20220.6%
HCA, Inc.5.500% 06/15/20470.6%
Teachers Insurance & Annuity Association of Americ4.900% 09/15/20440.6%
Valero Energy Corp.10.500% 03/15/20390.6%
21st Century Fox America, Inc.7.750% 12/01/20450.5%
Helmerich & Payne International Drilling Co.4.650% 03/15/20250.5%
SCANA Corp.4.125% 02/01/20220.5%
Time Warner Cable LLC7.300% 07/01/20380.5%
Tencent Holdings Ltd.3.595% 01/19/20280.5%
Amgen, Inc.6.400% 02/01/20390.5%
Vale Overseas Ltd.6.875% 11/10/20390.5%
Sabine Pass Liquefaction LLC5.625% 04/15/20230.5%
PSEG Power LLC8.625% 04/15/20310.5%
Commonwealth Bank of Australia4.500% 12/09/20250.5%
The Royal Bank of Scotland Group PLC3.875% 09/12/20230.5%
Cox Communications, Inc.8.375% 03/01/20390.5%
Dell International LLC / EMC Corp.8.350% 07/15/20460.5%
ENI SpA5.700% 10/01/20400.5%
Nvent Finance Sarl4.550% 04/15/20280.5%
UBS AG7.625% 08/17/20220.4%
American International Group, Inc.4.800% 07/10/20450.4%
GE Capital International Funding Co.4.418% 11/15/20350.4%
Bank of America Corp.4.450% 03/03/20260.4%
EPR Properties5.250% 07/15/20230.4%
Goldman Sachs Group, Inc.6.750% 10/01/20370.4%
Sabine Pass Liquefaction LLC5.875% 06/30/20260.4%
CNH Capital LLC4.375% 04/05/20220.4%
Yara International ASA7.875% 06/11/20190.4%
Baidu, Inc.3.875% 09/29/20230.4%
Wells Fargo Capital X5.950% 12/15/20360.4%
Myriad International Holdings BV6.000% 07/18/20200.4%
Bank of America Corp.3.824% 01/20/20280.4%
Reckson Operating Partnership7.750% 03/15/20200.4%
Bacardi Ltd.4.700% 05/15/20280.4%
American Airlines Class B Pass Through Trust5.600% 07/15/20200.4%
AT&T, Inc.6.350% 03/15/20400.4%
Kerr-McGee Corp.7.875% 09/15/20310.4%
Hilcorp Energy L.P. / Hilcorp Finance Co.5.750% 10/01/20250.4%
North Texas Tollway Auth8.910% 02/01/20300.4%
Energy Transfer Partners LP7.500% 07/01/20380.4%
TransAlta Corp.4.500% 11/15/20220.4%
World Financial Network Credit Card Master Trust2.310% 08/15/20240.4%
American Airlines Class B Pass Through Trust4.375% 10/01/20220.4%
Progress Energy, Inc.7.750% 03/01/20310.4%
Exelon Generation Co. LLC6.250% 10/01/20390.4%
Bermuda Government International Bond3.717% 01/25/20270.3%
Yara International ASA4.750% 06/01/20280.3%
Pacific Gas & Electric Co.6.050% 03/01/20340.3%
American Airlines Class B Pass Through Trust5.625% 01/15/20210.3%
Navient Corp.6.625% 07/26/20210.3%
Protective Life Corp.8.450% 10/15/20390.3%
Morgan Stanley3.875% 01/27/20260.3%
NXP BV / NXP Funding LLC4.625% 06/01/20230.3%
CNAC HK Finbridge Co Ltd3.000% 07/19/20200.3%
Kilroy Realty L.P.6.625% 06/01/20200.3%
VEREIT Operating Partnership L.P.4.875% 06/01/20260.3%
Santander UK plc7.950% 10/26/20290.3%
Goldcorp, Inc.3.700% 03/15/20230.3%
Carnival plc7.875% 06/01/20270.3%
PVH Corp.7.750% 11/15/20230.3%
Aon plc8.205% 01/01/20270.3%
Midcontinent Express Pipeline LLC6.700% 09/15/20190.3%
Drive Auto Receivables Trust 2017-12.840% 04/15/20220.3%
Ausgrid Finance Pty Ltd4.350% 08/01/20280.3%
Amcor Finance USA Inc4.500% 05/15/20280.3%
Fresenius Medical Care US Finance II, Inc.5.875% 01/31/20220.3%
Universal Health Services, Inc.5.000% 06/01/20260.3%
Motiva Enterprises LLC5.750% 01/15/20200.3%
Intesa Sanpaolo SpA5.710% 01/15/20260.3%
Bank of Ireland Group PLC4.125% 09/19/20270.3%
Healthcare Realty Trust, Inc.3.625% 01/15/20280.3%
Williams Cos., Inc.8.750% 03/15/20320.3%
Export-Import Bank of India3.875% 02/01/20280.3%
Broadcom Corp. / Broadcom Cayman Finance Ltd.3.125% 01/15/20250.3%
IFM US Colonial Pipeline 2 LLC6.450% 05/01/20210.3%
Alexandria Real Estate Equities, Inc.3.450% 04/30/20250.3%
GMF Floorplan Owner Revolving Trust3.130% 03/15/20230.3%
Anglo American Capital plc4.750% 04/10/20270.3%
Carlyle Global Market Strategies Clo Ltd.3.548% 10/15/20260.3%
Southern Star Central Corp.5.125% 07/15/20220.3%
Dell International LLC / EMC Corp6.020% 06/15/20260.3%
Glencore Finance Canada Ltd.5.550% 10/25/20420.3%
International Lease Finance Corp.5.875% 04/01/20190.3%
Caesars Palace Las Vegas Trust 2017-VICI3.531% 10/15/20340.3%
Apollo Credit Funding Ltd.3.818% 04/15/20270.3%
People's United Financial, Inc.3.650% 12/06/20220.3%
Macquarie Group Ltd.4.654% 03/27/20290.3%
Halliburton Co.7.450% 09/15/20390.3%
SCANA Corp.4.750% 05/15/20210.3%
Cleco Power LLC6.000% 12/01/20400.3%
Kraft Heinz Foods Co.6.875% 01/26/20390.3%
Aegon NV760.000% 06/01/20180.2%
Neuberger Berman Group LLC4.875% 04/15/20450.2%
Edison International4.125% 03/15/20280.2%
DBWF 2018-AMXP Mortgage Trust3.916% 05/05/20350.2%
Kinross Gold Corp.4.500% 07/15/20270.2%
American Homes 4 Rent LP4.250% 02/15/20280.2%
Bombardier, Inc.6.125% 01/15/20230.2%
California Republic Auto Receivables Trust2.530% 06/15/20210.2%
Ras Laffan Liquefied Natural Gas Co., Ltd.6.750% 09/30/20190.2%
Dominion Resources, Inc.7.000% 06/15/20380.2%
Citigroup, Inc.3.668% 07/24/20280.2%
Discover Bank3.450% 07/27/20260.2%
Embraer Overseas Ltd.5.696% 09/16/20230.2%
Enel Finance International N.V.2.750% 04/06/20230.2%
Alibaba Group Holding Ltd.4.500% 11/28/20340.2%
Ammc Clo 19 Ltd.3.848% 10/15/20280.2%
GoldenTree Loan Opportunities IX Ltd3.729% 10/29/20260.2%
CNOOC Curtis Funding No 1 Pty Ltd.4.500% 10/03/20230.2%
Lockheed Martin Corp.0.000% 06/01/20180.2%
Leggett & Platt, Inc.0.000% 06/01/20180.2%
Sysco Corp.0.000% 06/01/20180.2%
Plains All American Pipeline L.P.0.000% 06/01/20180.2%
Southern California Edison Co.0.000% 06/04/20180.2%
ICG US CLO 2015-2 Ltd3.198% 01/16/20280.2%
Comcast Corp.3.969% 11/01/20470.2%
New Gold, Inc.6.250% 11/15/20220.2%
Life Technologies Corp.6.000% 03/01/20200.2%
CNO Financial Group, Inc.5.250% 05/30/20250.2%
Government National Mortgage Association2.600% 06/16/20570.2%
GATX Corp.4.550% 11/07/20280.2%
JB y Co SA de CV3.750% 05/13/20250.2%
Sberbank of Russia Via SB Capital S.A.4.150% 03/06/20190.2%
Leidos, Inc.7.125% 07/01/20320.2%
Palmer Square Loan Funding 2018-1 Ltd2.822% 04/15/20260.2%
Avery Point VII CLO Ltd3.848% 01/15/20280.2%
National Oilwell Varco, Inc.3.950% 12/01/20420.2%
Teva Pharmaceutical Finance Netherlands III BV1.700% 07/19/20190.2%
Tengizchevroil Finance Co International Ltd4.000% 08/15/20260.2%
Enbridge Energy Partners L.P.0.000% 06/11/20180.2%
Assurant, Inc.4.900% 03/27/20280.2%
Brixmor Operating Partnership L.P.3.850% 02/01/20250.2%
Israel Electric Corp.4.250% 08/14/20280.2%
Macquarie Bank Ltd.6.625% 04/07/20210.2%
Brighthouse Financial Inc3.700% 06/22/20270.2%
BNP Paribas S.A.4.375% 03/01/20330.2%
Hardee's Funding LLC4.959% 06/20/20480.2%
Origin Energy Finance Ltd.5.450% 10/14/20210.2%
BNP Paribas S.A.6.750% 12/14/21660.2%
OHA Loan Funding 2016-1 Ltd4.159% 01/20/20280.2%
Netflix, Inc.3.625% 05/15/20270.2%
Hanover Insurance Group, Inc.4.500% 04/15/20260.2%
Tapstone Energy LLC / Tapstone Energy Finance Corp9.750% 06/01/20220.2%
Enbridge, Inc.6.000% 01/15/20770.2%
Phosagro OAO via Phosagro Bond Funding Ltd3.949% 04/24/20230.2%
World Financial Network Credit Card Master Trust2.030% 04/15/20250.2%
Baidu, Inc.3.625% 07/06/20270.2%
Sempra Energy4.000% 02/01/20480.2%
Santander Drive Auto Receivables Trust 2014-54.230% 04/15/20220.2%
SunTrust Auto Receivables Trust3.240% 01/16/20230.2%
Morgan Stanley3.011% 05/08/20240.2%
Time Warner Entertainment Co. L.P.8.375% 07/15/20330.2%
MMC Norilsk Nickel OJSC via MMC Finance Ltd.4.100% 04/11/20230.2%
JD.com, Inc.3.875% 04/29/20260.2%
Royal Caribbean Cruises Ltd.5.250% 11/15/20220.2%
Pentair Finance SA2.650% 12/01/20190.2%
Vodafone Group plc4.375% 05/30/20280.2%
Conn's Receivables Funding 2017-B LLC5.950% 11/15/20220.2%
National Fuel Gas Co.4.900% 12/01/20210.2%
Saka Energi Indonesia PT4.450% 05/05/20240.2%
Enbridge Energy Partners L.P.5.133% 10/01/20370.2%
Enterprise Products Operating LLC6.066% 08/01/20660.2%
Expedia, Inc.5.000% 02/15/20260.2%
Newell Rubbermaid, Inc.3.150% 04/01/20210.2%
Pacific Gas & Electric Co.3.300% 12/01/20270.2%
Discover Financial Services4.100% 02/09/20270.2%
VEREIT Operating Partnership L.P.3.950% 08/15/20270.2%
Pentair Finance SA0.000% 06/01/20180.2%
Country Garden Holdings Co. Ltd.4.750% 09/28/20230.2%
AT&T, Inc.5.350% 09/01/20400.2%
Gazprom OAO Via Gaz Capital SA4.950% 02/06/20280.2%
ABN Amro Bank NV4.750% 07/28/20250.2%
BBVA Bancomer SA5.125% 01/18/20330.2%
OM Asset Management plc4.800% 07/27/20260.2%
Spectra Energy Partners L.P.2.195% 06/05/20200.2%
Energy Transfer Partners LP8.250% 11/15/20290.2%
Eni USA Inc7.300% 11/15/20270.2%
Vulcan Materials Co.2.570% 03/01/20210.2%
Fresenius Medical Care US Finance II, Inc.4.750% 10/15/20240.2%
Southern Copper Corp.5.250% 11/08/20420.2%
Solera Finance, Inc.10.500% 03/01/20240.2%
American Axle & Manufacturing, Inc.6.500% 04/01/20270.2%
Abu Dhabi National Energy Co.4.875% 04/23/20300.2%
International Paper Co.7.300% 11/15/20390.2%
Crestline Denali CLO XIV Ltd3.932% 10/23/20280.2%
Zimmer Biomet Holdings, Inc.5.750% 11/30/20390.2%
Oncor Electric Delivery Co. LLC7.000% 09/01/20220.2%
Embraer Netherlands Finance BV5.050% 06/15/20250.2%
Centene Corp.5.625% 02/15/20210.2%
Mosaic Co.2.552% 11/18/20210.2%
World Financial Network Credit Card Master Trust2.660% 08/15/20240.2%
Calpine Corp.5.500% 02/01/20240.2%
Woori Bank4.750% 04/30/20240.2%
Caesars Palace Las Vegas Trust 2017-VICI3.835% 10/15/20340.2%
Matador Resources Co.6.875% 04/15/20230.2%
Barclays Bank plc10.179% 06/12/20210.2%
Santander UK Group Holdings plc3.823% 11/03/20280.2%
Mountain Hawk III CLO Ltd.3.555% 04/18/20250.2%
Discovery Communications3.547% 03/06/20210.2%
Birchwood Park CLO Ltd.3.528% 07/15/20260.2%
Cent CLO 22 Ltd3.764% 11/07/20260.2%
California Republic Auto Receivables Trust1.750% 01/15/20210.2%
JBS USA LLC/JBS USA Finance, Inc.7.250% 06/01/20210.2%
Northwell Healthcare, Inc.3.979% 11/01/20460.2%
Republic of Argentina4.625% 01/11/20230.2%
Mississippi Power Co.4.250% 03/15/20420.2%
Maple Escrow Subsidiary Inc4.597% 05/25/20280.2%
Bayer Corp6.650% 02/15/20280.2%
Old Mutual plc8.000% 06/03/20210.2%
Ontario Teachers' Cadillac Fairview Properties Tru3.875% 03/20/20270.2%
Bank of Montreal3.803% 12/15/20320.2%
Barrick International Barbados Corp.6.350% 10/15/20360.2%
Avista Corp.4.350% 06/01/20480.2%
Morgan Stanley7.300% 05/13/20190.2%
VEREIT Operating Partnership L.P.3.000% 02/06/20190.1%
Apache Corp.5.100% 09/01/20400.1%
Neuberger Berman Group LLC4.500% 03/15/20270.1%
Broadcom Corp. / Broadcom Cayman Finance Ltd.3.875% 01/15/20270.1%
Centene Escrow Corp.5.375% 06/01/20260.1%
Alibaba Group Holding Ltd.4.400% 12/06/20570.1%
Maple Escrow Subsidiary Inc5.085% 05/25/20480.1%
Unum Group5.750% 08/15/20420.1%
Chicago Parking Meters LLC5.489% 12/30/20200.1%
Discover Bank7.000% 04/15/20200.1%
First Data Corp.7.000% 12/01/20230.1%
SCE Trust III0.000% -0.1%
Duqesne Light Holdings, Inc.6.250% 08/15/20350.1%
Westpac Banking Corp.4.322% 11/23/20310.1%
Magellan Midstream Partners L.P.6.550% 07/15/20190.1%
Alexion Pharmaceuticals3.436% 06/22/20200.1%
RSP Permian, Inc.6.625% 10/01/20220.1%
Synchrony Credit Card Master Note Trust2.620% 10/15/20250.1%
WeWork Cos Inc7.875% 05/01/20250.1%
Banco Santander S.A.3.125% 02/23/20230.1%
JPMorgan Chase & Co.3.540% 05/01/20280.1%
Aleris International, Inc.9.500% 04/01/20210.1%
Exelon Generation Co. LLC5.600% 06/15/20420.1%
Burlington Northern Santa Fe LLC6.150% 05/01/20370.1%
GCI, Inc.6.875% 04/15/20250.1%
Level 3 Parent LLC5.750% 12/01/20220.1%
CNH Capital LLC4.875% 04/01/20210.1%
United Rentals, Inc.4.875% 01/15/20280.1%
Vale Overseas Ltd.6.250% 08/10/20260.1%
Sigma Alimentos S.A. de C.V.4.125% 05/02/20260.1%
NextEra Energy Operating Partners LP4.500% 09/15/20270.1%
Appalachian Power Co.7.000% 04/01/20380.1%
Illinois, IL5.877% 03/01/20190.1%
Actavis Funding SCS4.850% 06/15/20440.1%
Thacher Park CLO Ltd.3.519% 10/20/20260.1%
Huntington Auto Trust1.590% 11/16/20200.1%
Syngenta Wilmington, Inc.0.000% 06/25/20180.1%
Drive Auto Receivables Trust3.020% 11/15/20210.1%
American International Group, Inc.4.125% 02/15/20240.1%
Lincoln National Corp.7.000% 06/15/20400.1%
COMM 2016-SAVA Mortgage Trust3.649% 10/15/20340.1%
Chrysler Capital Auto Receivables Trust 2015-B2.700% 12/15/20200.1%
NextGear Floorplan Master Owner Trust2.740% 04/15/20210.1%
American Realty Capital Properties, Inc.3.000% 08/01/20180.1%
Resolute Energy Corp.8.500% 05/01/20200.1%
CNAC HK Finbridge Co Ltd3.500% 07/19/20220.1%
Baxalta, Inc.2.438% 06/22/20180.1%
National Fuel Gas Co.3.750% 03/01/20230.1%
Oasis Petroleum, Inc.6.875% 03/15/20220.1%
Sanchez Energy Corp.6.125% 01/15/20230.1%
First Quantum Minerals Ltd.6.875% 03/01/20260.1%
Drive Auto Receivables Trust3.840% 07/15/20210.1%
Conn's Receivables Funding 2017-B LLC2.730% 07/15/20200.1%
Peabody Energy Corp.6.000% 03/31/20220.1%
Hyundai Capital America2.000% 07/01/20190.1%
CSC Holdings LLC10.125% 01/15/20230.1%
Weatherford International Ltd. Bermuda9.875% 03/01/20390.1%
Time Warner Cable LLC6.550% 05/01/20370.1%
BlueMountain CLO Ltd.3.619% 04/30/20260.1%
Scientific Games International, Inc.10.000% 12/01/20220.1%
General Cable Corp.5.750% 10/01/20220.1%
Benefit Street Partners CLO IV Ltd4.409% 01/20/20290.1%
Petrobras Global Finance BV5.750% 02/01/20290.1%
Capital Auto Receivables Asset Trust2.710% 11/20/20190.1%
Turkiye Vakiflar Bankasi Tao5.750% 01/30/20230.1%
Seven Generations Energy Ltd.6.875% 06/30/20230.1%
The Royal Bank of Scotland Group PLC4.892% 05/18/20290.1%
Expedia, Inc.3.800% 02/15/20280.1%
Columbia Pipeline Group, Inc.3.300% 06/01/20200.1%
Gerdau Trade, Inc.4.875% 10/24/20270.1%
US Cellular Corp.6.700% 12/15/20330.1%
Republic of Argentina5.875% 01/11/20280.1%
YPF S.A.7.000% 12/15/20470.1%
Popular, Inc.7.000% 07/01/20190.1%
Air Canada 2015-2 Class B Pass Through Trust5.000% 12/15/20230.1%
North Texas Tollway Auth8.410% 02/01/20300.1%
National Fuel Gas Co.3.950% 09/15/20270.1%
Anheuser-Busch InBev Worldwide, Inc.4.600% 04/15/20480.1%
MGIC Investment Corp.5.750% 08/15/20230.1%
Scientific Games International, Inc.6.625% 05/15/20210.1%
Hunt Cos Inc6.250% 02/15/20260.1%
Wyndham Hotels & Resorts3.972% 07/15/20180.1%
CIT Group, Inc.6.125% 03/09/20280.1%
T-Mobile USA, Inc.6.000% 04/15/20240.1%
Avis Budget Rental Car Funding2.970% 02/20/20200.1%
Bowman Park CLO Ltd.3.510% 11/23/20250.1%
Navient Corp.5.875% 03/25/20210.1%
Cliffs Natural Resources, Inc.5.750% 03/01/20250.1%
Precision Drilling Corp.5.250% 11/15/20240.1%
EPR Properties4.950% 04/15/20280.1%
FMG Finance Pty Ltd.9.750% 03/01/20220.1%
Sabal Trail Transmission LLC4.246% 05/01/20280.1%
Trinidad Drilling Ltd.6.625% 02/15/20250.1%
Cent CLO Ltd.3.090% 10/29/20250.1%
Lima Metro Line 2 Finance Ltd.5.875% 07/05/20340.1%
SESI LLC7.125% 12/15/20210.1%
Mountain View CLO X Ltd3.692% 10/13/20270.1%
Avis Budget Rental Car Funding2.460% 07/20/20200.1%
Itron, Inc.5.000% 01/15/20260.1%
Norfolk Southern Corp.5.590% 05/17/20250.1%
Dryden 34 Senior Loan Fund3.508% 10/15/20260.1%
Regatta IV Funding Ltd5.660% 07/25/20260.1%
Government National Mortgage Association2.700% 07/16/20570.1%
Alexandria Real Estate Equities, Inc.3.950% 01/15/20280.1%
Gulf South Pipeline Co L.P.4.000% 06/15/20220.1%
Cleveland Electric Illuminating Co.3.500% 04/01/20280.1%
CIFC Funding 2014-V Ltd.3.753% 01/17/20270.1%
Acwa Power Management And Investments One Ltd5.950% 12/15/20390.1%
CNH Equipment Trust1.890% 04/15/20220.1%
Brand Energy & Infrastructure Services Inc8.500% 07/15/20250.1%
Citigroup, Inc.4.600% 03/09/20260.1%
SURA Asset Management SA4.375% 04/11/20270.1%
Royal Caribbean Cruises Ltd.7.500% 10/15/20270.1%
Griffon Corp.5.250% 03/01/20220.1%
Intesa Sanpaolo SpA3.875% 01/12/20280.1%
Caesars Palace Las Vegas Trust 2017-VICI4.138% 10/15/20340.1%
Williams Scotsman International Inc7.875% 12/15/20220.1%
Enbridge Energy Partners L.P.9.875% 03/01/20190.1%
Silversea Cruise Finance Ltd.7.250% 02/01/20250.1%
Palmer Square Loan Funding 2017-1 Ltd4.048% 10/15/20250.1%
Liberty Mutual Group, Inc.5.000% 06/01/20210.1%
Microchip Technology Inc4.330% 05/23/20250.1%
Vodafone Group plc5.250% 05/30/20480.1%
ONEOK Partners L.P.8.625% 03/01/20190.1%
CF Industries, Inc.4.500% 12/01/20260.1%
Adani Ports & Special Economic Zone Ltd4.000% 07/30/20270.1%
Navient Corp.6.750% 06/25/20250.1%
SL Green Operating Partnership L.P.3.250% 10/15/20220.1%
Braskem Netherlands Finance BV4.500% 01/10/20280.1%
Petroleos Mexicanos5.500% 06/27/20440.1%
Yum! Brands, Inc.6.875% 11/15/20370.1%
Cent CLO Ltd.3.482% 07/23/20250.1%
Berry Petroleum Co.7.000% 02/15/20260.1%
Texas Eastern Transmission L.P.4.125% 12/01/20200.1%
Ausdrill Finance Pty Ltd.6.875% 11/01/20190.1%
Newmont Mining Corp.5.125% 10/01/20190.1%
EnCana Corp.6.500% 05/15/20190.1%
Northwest Pipeline Corp.6.050% 06/15/20180.1%
Keurig Green Mountain Inc3.000% 03/03/20210.1%
Banco Mercantil del Norte SA/Grand Cayman7.625% 07/06/21670.1%
Government National Mortgage Association2.750% 02/16/20580.1%
Molex Electronics Technologies LLC0.000% 06/11/20180.1%
KOC Holding AS5.250% 03/15/20230.1%
TIBCO Software, Inc.11.375% 12/01/20210.1%
Goldcorp, Inc.3.625% 06/09/20210.1%
Nationstar Mortgage LLC / Nationstar Capital Corp.7.875% 10/01/20200.1%
Columbia Pipeline Group, Inc.2.450% 06/01/20180.1%
Mohegan Tribal Gaming Authority7.875% 10/15/20240.1%
Continental Resources, Inc.4.900% 06/01/20440.1%
MHP Lux SA6.950% 04/03/20260.1%
Martin Marietta Materials, Inc.2.980% 05/22/20200.1%
Oztel Holdings SPC Ltd6.625% 04/24/20280.1%
EPR Properties4.500% 04/01/20250.1%
Enable Midstream Partners L.P.2.400% 05/15/20190.1%
Zimmer Biomet Holdings, Inc.3.375% 11/30/20210.1%
Alibaba Group Holding Ltd.4.200% 12/06/20470.1%
China Evergrande Group8.750% 06/28/20250.1%
Physicians Realty L.P.4.300% 03/15/20270.1%
Illinois, IL5.100% 06/01/20330.1%
Wells Fargo Commercial Mortgage Trust4.290% 07/15/20460.1%
AbbVie, Inc.4.700% 05/14/20450.1%
Vedanta Resources plc6.125% 08/09/20240.1%
Albertsons Cos LLC / Safeway, Inc. / New Albertson6.625% 06/15/20240.1%
Macquarie Bank Ltd.4.875% 06/10/20250.1%
Reynolds Group Issuer, Inc.5.750% 10/15/20200.1%
Valmont Industries, Inc.5.250% 10/01/20540.1%
Akbank TAS7.200% 03/16/20270.1%
KazMunayGas National Co.6.375% 10/24/20480.1%
Huntington Bancshares, Inc.5.700% 12/31/20990.1%
BlueLine Rental Finance Corp. / BlueLine Rental LL9.250% 03/15/20240.1%
Barclays Dryrock Issuance Trust 2016-11.520% 05/16/20220.1%
CRH America Finance, Inc.4.500% 04/04/20480.1%
China Overseas Finance Cayman V Ltd.5.350% 11/15/20420.1%
Itau Unibanco Holding SA (Cayman Islands)6.125% 12/12/21670.1%
CSMC Trust4.373% 09/15/20370.1%
Cheniere Corpus Christi Holdings LLC5.125% 06/30/20270.1%
Synchrony Credit Card Master Note Trust2.820% 10/15/20250.1%
Dow Chemical Co.9.400% 05/15/20390.1%
Jamestown CLO VII Ltd.3.660% 07/25/20270.1%
Infraestructura Energetica Nova SAB de CV4.875% 01/14/20480.1%
Yingde Gases Investment Ltd6.250% 01/19/20230.1%
Hyundai Capital America1.750% 09/27/20190.1%
Barrick North America Finance LLC7.500% 09/15/20380.1%
Minejesa Capital BV5.625% 08/10/20370.1%
Kindred Healthcare, Inc.8.000% 01/15/20200.1%
COMM Mortgage Trust4.441% 07/10/20500.1%
Government National Mortgage Association2.600% 07/16/20580.1%
CPG Merger Sub LLC8.000% 10/01/20210.1%
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 Trust4.307% 07/15/20480.1%
Charter Communications Operating LLC6.484% 10/23/20450.1%
Enterprise Products Operating LLC7.550% 04/15/20380.1%
SCF Equipment Leasing 2017-2 LLC3.410% 12/20/20230.1%
Healthcare Trust of America Holdings LP2.950% 07/01/20220.1%
Red de Carreteras de Occidente SAPIB de CV9.000% 06/10/20280.1%
VA Electric & Power Co.8.875% 11/15/20380.1%
Chobani LLC / Chobani Finance Corp Inc7.500% 04/15/20250.1%
Express Scripts Holding Co.6.125% 11/15/20410.1%
Springs Industries, Inc.6.250% 06/01/20210.1%
Tesoro Logistics L.P.6.250% 10/15/20220.1%
Avery Point CLO Ltd.3.853% 07/17/20260.1%
Seneca Park CLO Ltd.3.473% 07/17/20260.1%
SCANA Corp.6.250% 04/01/20200.1%
GAHR Commericial Mortgage Trust3.382% 12/15/20340.1%
Kaiser Foundation Hospitals4.150% 05/01/20470.1%
Banco Inbursa SA Institucion de Banca Multiple4.375% 04/11/20270.1%
Sound Point CLO II Ltd3.432% 01/26/20310.1%
Teva Pharmaceutical Finance Co., LLC6.150% 02/01/20360.1%
Eterna Capital Pte Ltd7.500% 12/11/20220.1%
Century Communities, Inc.5.875% 07/15/20250.1%
E*TRADE Financial Corp.3.800% 08/24/20270.1%
Doncasters US Finance LLC (Doncasters US LLC)5.837% 04/09/20200.1%
DBWF Mortgage Trust3.421% 06/10/20340.1%
Activision Blizzard, Inc.6.125% 09/15/20230.1%
Syngenta Finance NV4.441% 04/24/20230.1%
GS Mortgage Securities Trust1.444% 06/10/20460.1%
EMI Music Publishing Group North America Holdings7.625% 06/15/20240.1%
Chaparral Energy, Inc.0.000% -0.1%
Avery Point CLO Ltd.3.960% 04/25/20260.1%
Nationstar Mortgage LLC / Nationstar Capital Corp.6.500% 07/01/20210.1%
IHS Markit Ltd4.000% 03/01/20260.1%
Provident Funding Associates L.P. / PFG Finance Co6.375% 06/15/20250.1%
Fidelity National Financial, Inc.5.500% 09/01/20220.1%
Kindred Healthcare, Inc.8.750% 01/15/20230.1%
UTEX Industries9.230% 05/22/20220.1%
Sterigenics-Nordion Topco LLC8.125% 11/01/20210.1%
Palmer Square Loan Funding 2018-1 Ltd3.622% 04/15/20260.1%
CCO Holdings LLC / CCO Holdings Capital Corp.5.875% 04/01/20240.1%
Toronto-Dominion Bank3.625% 09/15/20310.1%
Access Point Funding I 2017-1 LLC3.060% 04/15/20290.1%
GS Mortgage Securities Trust0.517% 06/10/20460.1%
Kosmos Energy Ltd.7.875% 08/01/20210.1%
Waste Pro USA Inc5.500% 02/15/20260.1%
Bill Barrett Corp.7.000% 10/15/20220.1%
California Republic Auto Receivables Trust 2015-43.730% 11/15/20210.1%
ACC Trust 2018-14.820% 05/20/20210.1%
TI Group Automotive Systems LLC8.750% 07/15/20230.1%
Energy Transfer Partners LP6.125% 12/15/20450.1%
Lockheed Martin Corp.7.750% 05/01/20260.1%
Alcoa Nederland Holding BV6.125% 05/15/20280.0%
Santander Drive Auto Receivables Trust 2016-31.890% 06/15/20210.0%
Citigroup, Inc.5.950% 12/31/20990.0%
Infor Software Parent LLC / Infor Software Parent7.125% 05/01/20210.0%
Macquarie Bank Ltd./London6.125% 03/08/21670.0%
West Fraser Timber Co. Ltd.4.350% 10/15/20240.0%
Rumo Luxembourg Sarl7.375% 02/09/20240.0%
Willis North America, Inc.7.000% 09/29/20190.0%
PPL WEM Ltd./Western Power Distribution Ltd.5.375% 05/01/20210.0%
Newfield Exploration Co.5.750% 01/30/20220.0%
Kinder Morgan, Inc.5.625% 11/15/20230.0%
Emera US Finance L.P.2.700% 06/15/20210.0%
Royal Caribbean Cruises Ltd.3.700% 03/15/20280.0%
Joseph T Ryerson & Son, Inc.11.000% 05/15/20220.0%
Teco Finance, Inc.5.150% 03/15/20200.0%
Goodman US Finance Three LLC3.700% 03/15/20280.0%
Florida Gas Transmission Co., LLC7.900% 05/15/20190.0%
GS Mortgage Securities Trust4.412% 07/10/20480.0%
Galaxy XXI CLO Ltd3.379% 04/20/20310.0%
U.S. Treasury Note/Bond3.625% 02/15/20440.0%
Canadian Natural Resources Ltd.7.200% 01/15/20320.0%
Rede D'or Finance Sarl4.950% 01/17/20280.0%
Amphenol Corp.0.000% 06/01/20180.0%
Bombardier, Inc.5.750% 03/15/20220.0%
Glencore Finance Canada Ltd.4.250% 10/25/20220.0%
Newell Rubbermaid, Inc.3.850% 04/01/20230.0%
Range Resources Corp.5.000% 08/15/20220.0%
Navios South American Logistics Inc / Navios Logis7.250% 05/01/20220.0%
Smithfield Foods, Inc.3.350% 02/01/20220.0%
Studio City Co Ltd7.250% 11/30/20210.0%
Summit Materials LLC6.125% 07/15/20230.0%
Doncasters US Finance LLC (Doncasters US LLC)10.552% 10/09/20200.0%
Santander UK plc5.000% 11/07/20230.0%
Avery Point CLO Ltd.3.333% 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%
WildHorse Resource Development Corp6.875% 02/01/20250.0%
AmeriCredit Automobile Receivables Trust2.180% 06/08/20200.0%
Carrizo Oil & Gas, Inc.7.500% 09/15/20200.0%
ACC Trust 2018-16.810% 02/21/20230.0%
THL Credit Wind River 2014-3 CLO Ltd3.962% 01/22/20270.0%
Drive Auto Receivables Trust4.590% 01/17/20230.0%
U.S. Treasury Note/Bond2.750% 02/15/20280.0%
Carrizo Oil & Gas, Inc.8.250% 07/15/20250.0%
Glencore Funding LLC4.125% 05/30/20230.0%
Magnetite XVIII Ltd3.743% 11/15/20280.0%
Glencore Funding LLC3.000% 10/27/20220.0%
APX Group, Inc.8.750% 12/01/20200.0%
Glencore Finance Canada Ltd.4.950% 11/15/20210.0%
Santander Drive Auto Receivables Trust 2016-22.080% 02/16/20210.0%
SolarCity Corp.2.750% 11/01/20180.0%
ITC Holdings Corp.5.500% 01/15/20200.0%
Engs Commercial Finance Trust2.310% 10/22/20210.0%
Apidos CLO XVI5.355% 01/19/20250.0%
Everett Spinco2.584% 12/16/20210.0%
UTEX Industries5.980% 05/22/20210.0%
Drive Auto Receivables Trust4.180% 03/15/20240.0%
Lincoln National Corp.6.300% 10/09/20370.0%
Avis Budget Rental Car Funding2.630% 12/20/20210.0%
Merrill Lynch Mortgage Investors Trust Series6.250% 10/25/20360.0%
Government National Mortgage Association0.613% 07/16/20540.0%
NYU Hospitals Center4.368% 07/01/20470.0%
International Lease Finance Corp.5.875% 08/15/20220.0%
Raizen Fuels Finance5.300% 01/20/20270.0%
Illinois, IL5.520% 04/01/20380.0%
CIT Group, Inc.5.800% 12/31/20990.0%
HudBay Minerals, Inc.7.625% 01/15/20250.0%
Affiliated Managers Group, Inc.4.250% 02/15/20240.0%
Templar Energy LLC0.000% -0.0%
SL Green Realty Corp.4.500% 12/01/20220.0%
Kraft Heinz Foods Co.7.125% 08/01/20390.0%
Diamond Resorts Owner Trust2.990% 05/22/20280.0%
Hudsons Bay Simon JV Trust0.541% 08/05/20340.0%
Intesa Sanpaolo SpA6.500% 02/24/20210.0%
Drive Auto Receivables Trust2.370% 11/16/20200.0%
WFRBS Commercial Mortgage Trust1.055% 05/15/20470.0%
Cox Communications, Inc.4.500% 06/30/20430.0%
Affiliated Managers Group, Inc.3.500% 08/01/20250.0%
Peabody Energy Corp.6.375% 03/31/20250.0%
Bunge Ltd. Finance Corp.8.500% 06/15/20190.0%
OI European Group BV4.000% 03/15/20230.0%
Range Resources Corp.5.875% 07/01/20220.0%
Sunoco Logistics Partners L.P.3.450% 01/15/20230.0%
GS Mortgage Securities Trust0.184% 11/10/20480.0%
Oncor Electric Delivery Co. LLC7.500% 09/01/20380.0%
NXP BV / NXP Funding LLC3.875% 09/01/20220.0%
Hudsons Bay Simon JV Trust0.493% 08/05/20340.0%
Cox Communications, Inc.4.700% 12/15/20420.0%
Sequoia Mortgage Trust2.069% 09/25/20420.0%
HudBay Minerals, Inc.7.250% 01/15/20230.0%
Oncor Electric Delivery Co. LLC7.000% 05/01/20320.0%
Teva Pharmaceutical Finance Co. B.V.3.650% 11/10/20210.0%
Diamond Resorts Owner Trust3.080% 11/20/20280.0%
Burlington Northern Santa Fe LLC6.200% 08/15/20360.0%
Mattel, Inc.2.350% 08/15/20210.0%
Energy Transfer Partners LP / Regency Energy Finan5.000% 10/01/20220.0%
Bank of America Corp.2.600% 01/15/20190.0%
FX USD/GBP 07/180.000% 07/19/20180.0%
Chaparral Energy, Inc.0.000% -0.0%
Americredit Automobile Receivables Trust 2016-41.340% 04/08/20200.0%
TCF Auto Receivables Owner Trust3.530% 03/15/20220.0%
Reynolds Group Issuer, Inc.6.875% 02/15/20210.0%
Antero Resources Corp.5.125% 12/01/20220.0%
Xerox Corp.3.625% 03/15/20230.0%
U.S. Treasury Note/Bond3.000% 02/15/20480.0%
Santander Drive Auto Receivables Trust2.570% 04/15/20210.0%
Fiat Chrysler Automobiles N.V.5.250% 04/15/20230.0%
Flagship Credit Auto Trust2.380% 10/15/20200.0%
JPMBB Commercial Mortgage Securities Trust1.135% 04/15/20470.0%
DOMMO ENERGIA SA-SP ADR0.000% -0.0%
WFRBS Commercial Mortgage Trust0.564% 05/15/20470.0%
Templar Energy LLC0.000% -0.0%
FX USD/BRL 07/180.000% 07/12/20180.0%
CPS Auto Receivables Trust2.070% 11/15/20190.0%
FX USD/MXN 08/180.000% 08/14/20180.0%
JPMBB Commercial Mortgage Securities Trust0.266% 04/15/20470.0%
Federal Home Loan Mortgage Corp.0.000% 08/15/20220.0%
California Republic Auto Receivables Trust 2015-42.040% 01/15/20200.0%
DOMMO ENERGIA SA-SP ADR0.000% -0.0%
Eneva SA0.000% -0.0%
Afren plc10.250% 04/08/20190.0%
Afren plc6.625% 12/09/20200.0%
Federal Home Loan Mortgage Corp.0.000% 09/15/20220.0%
Federal Home Loan Mortgage Corp.0.000% 06/15/20210.0%
Federal Home Loan Mortgage Corp.0.000% 10/15/20210.0%
OGX Austria GmbH8.500% 06/01/20190.0%
US LONG BOND(CBT) SEP180.000% 09/28/20180.0%
US ULTRA BOND CBT SEP180.000% 09/28/20180.0%
Federal National Mortgage Assoc.9.500% 08/25/20210.0%
Federal Home Loan Mortgage Corp.1008.500% 04/15/20210.0%
Federal Home Loan Mortgage Corp.1010.500% 02/15/20210.0%
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.544.714% 12/15/20200.0%
Federal Home Loan Mortgage Corp.1007.780% 05/15/20210.0%
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%
Federal Home Loan Mortgage Corp.1185.497% 09/15/20210.0%
Wand Merger Corp0.000% 04/27/20190.0%
Federal Home Loan Mortgage Corp.1009.000% 02/15/20210.0%
Wand Merger Corp0.000% 04/27/20190.0%
Federal Home Loan Mortgage Corp.1095.350% 10/15/20200.0%
Centene Corp0.000% 09/13/20180.0%
Wand Merger Corp0.000% 04/27/20190.0%
Energizer Holdings Inc0.000% 05/18/20190.0%
US 10YR NOTE (CBT)SEP180.000% 09/28/20180.0%
US 2YR NOTE (CBT) SEP180.000% 10/03/20180.0%
US 10YR ULTRA FUT SEP180.000% 09/28/20180.0%
US 5YR NOTE (CBT) SEP180.000% 10/03/20180.0%
FX USD/EUR 09/180.000% 09/24/20180.0%
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%
J.P.Morgan Securities LLC0.010% -0.0%

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 07/18/2018
$0.058
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 06/30/2018 $0.01004 $2.75
Daily Daily 05/31/2018 $0.01003 $2.77
Daily Daily 04/30/2018 $0.00999 $2.77
Daily Daily 03/31/2018 $0.00991 $2.80
Daily Daily 02/28/2018 $0.00965 $2.81
Daily Daily 01/31/2018 $0.00919 $2.85

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
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

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
12/18/2014 12/19/2014 $0.0038 $0.0108 $0.0146 $2.87
*

Taxed as ordinary income

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

Upcoming Capital Gain Distribution

Record Date Ex-Dividend Date
12/17/2018 12/18/2018

Fees & Expenses

Fees & Expenses

Expense Ratioas of 06/30/2018

0.58%

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
Flyer
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
+

There is no minimum initial investment for (i) purchases through or by registered investment advisers (RIAs), bank trust departments, and other financial intermediaries otherwise eligible to purchase Class I shares that charge a fee for services that include investment advisory or management services or (ii) purchases by retirement and benefit plans meeting the Class I eligibility requirements as described in the prospectus. These investment minimums may be suspended, changed, or withdrawn by Lord Abbett Distributor LLC ("Lord Abbett Distributor").
Class I shares minimum initial investment of $1,000,000, unless otherwise noted, applies to certain types of institutional investors as described in the prospectus. 

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 I - SEC Returns reflect performance for Class I shares at Net Asset Value.

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