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Income Fund

Daily price w/o sales charge as of 09/19/2018

$2.73

arrowDown$0.01

YTD Returns w/o sales charge as of 09/19/2018

-1.93%

Overall Morningstar Ratings

Corporate Bond
as of 08/31/2018

Morningstar rated the Lord Abbett Income Fund class I share 4, 4 and 4 stars among 180, 151 and 82 Corporate Bond Funds for the overall rating and the 3, 5 and 10 year periods ended 8/31/2018, 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 09/19/2018  

w/o sales charge 4.41%

30-Day Standardized Yield 2 as of 08/31/2018  

3.97%

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

Fund Basicsas of 08/31/2018

Total Net Assets
$2.21 B
Inception Date
10/19/2004
Dividend Frequency
Monthly
Fund Expense Ratio
0.58%
Number of Holdings
608
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 These investment minimums may be suspended, changed, or withdrawn by Lord Abbett Distributor LLC ("Lord Abbett Distributor").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 -1.44% -0.19% 4.31% 4.33% 6.49% 5.74%
Lipper Category Avg. Corporate Debt Funds BBB-Rated -1.81% -1.12% 3.15% 3.49% 5.13% -
Bloomberg Barclays U.S. Credit Bond Index -1.79% -0.99% 3.27% 3.64% 5.26% 4.63%

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
MBS
CMBS
Sovereign
Bank Loans
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 08/31/2018 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

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

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Performance

Performance

Dividend Yield 1 as of 09/19/2018  

w/o sales charge 4.41%

30-Day Standardized Yield 2 as of 08/31/2018  

  Subsidized5 Un-Subsidized6
w/o sales charge 3.97% 3.97%

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 -1.44% -0.19% 4.31% 4.33% 6.49% 5.74%
Lipper Category Avg. Corporate Debt Funds BBB-Rated -1.81% -1.12% 3.15% 3.49% 5.13% -
Bloomberg Barclays U.S. Credit Bond Index -1.79% -0.99% 3.27% 3.64% 5.26% 4.63%

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% - - -1.93%
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
MBS
CMBS
Sovereign
Bank Loans
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 08/31/2018

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 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 08/31/2018

Total Net Assets
$2.21 B
Number of Issues
608
Average Coupon
5.07%
Average Life
8.74 Years
Average Maturity
8.74 Years
Average Effective Duration
6.22 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
FNMA Conventional Long T. 30yr 4.000% 04/30/2047 1.7%
U.S. Treasury Note/Bond 2.750% 08/31/2023 1.3%
CVS Caremark Corp. 4.300% 03/25/2028 1.1%
Verizon Communications, Inc. 4.862% 08/21/2046 1.1%
U.S. Treasury Note/Bond 1.625% 11/15/2022 1.0%
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%
NBCUniversal Enterprise, Inc. 5.250% 06/19/2099 0.7%
% of Total Assets 10.4%

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% 07/31/20231.5%
Verizon Communications, Inc.4.862% 08/21/20461.1%
CVS Caremark Corp.4.300% 03/25/20281.1%
AT&T, Inc.6.000% 08/15/20401.0%
U.S. Treasury Note/Bond1.625% 11/15/20221.0%
Citigroup, Inc.3.887% 01/10/20281.0%
Hyundai Capital America2.500% 03/18/20190.8%
General Motors Co.6.750% 04/01/20460.7%
NBCUniversal Enterprise, Inc.5.250% 06/19/20990.7%
Ford Motor Co.7.450% 07/16/20310.7%
JPMorgan Chase & Co.4.250% 10/15/20200.7%
Universal Health Services, Inc.4.750% 08/01/20220.7%
Time Warner Cable LLC7.300% 07/01/20380.6%
UBS AG Registered Shares5.125% 05/15/20240.6%
Tech Data Corp.3.700% 02/15/20220.6%
Kinder Morgan, Inc.7.750% 01/15/20320.6%
Helmerich & Payne International Drilling Co.4.650% 03/15/20250.6%
Continental Resources, Inc.5.000% 09/15/20220.6%
HCA, Inc.5.500% 06/15/20470.6%
ENI SpA5.700% 10/01/20400.6%
Teachers Insurance & Annuity Association of Americ4.900% 09/15/20440.6%
Valero Energy Corp.10.500% 03/15/20390.5%
21st Century Fox America, Inc.7.750% 12/01/20450.5%
SCANA Corp.4.125% 02/01/20220.5%
Vale Overseas Ltd.6.875% 11/10/20390.5%
Amgen, Inc.6.400% 02/01/20390.5%
Tencent Holdings Ltd.3.595% 01/19/20280.5%
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%
Nvent Finance Sarl4.550% 04/15/20280.5%
Dell International LLC / EMC Corp.8.350% 07/15/20460.5%
UBS AG7.625% 08/17/20220.5%
American International Group, Inc.4.800% 07/10/20450.4%
Bank of America Corp.4.450% 03/03/20260.4%
Goldman Sachs Group, Inc.6.750% 10/01/20370.4%
Cox Communications, Inc.8.375% 03/01/20390.4%
CNH Capital LLC4.375% 04/05/20220.4%
Sabine Pass Liquefaction LLC5.875% 06/30/20260.4%
Baidu, Inc.3.875% 09/29/20230.4%
Yara International ASA7.875% 06/11/20190.4%
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%
Bacardi Ltd.4.700% 05/15/20280.4%
Reckson Operating Partnership7.750% 03/15/20200.4%
AT&T, Inc.6.350% 03/15/20400.4%
U.S. Treasury Note/Bond2.625% 02/28/20230.4%
North Texas Tollway Auth8.910% 02/01/20300.4%
Vodafone Group plc4.375% 05/30/20280.4%
Kerr-McGee Corp.7.875% 09/15/20310.4%
Trimble Navigation Ltd.4.900% 06/15/20280.4%
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%
Energy Transfer Partners LP7.500% 07/01/20380.4%
GE Capital International Funding Co.4.418% 11/15/20350.4%
EPR Properties4.950% 04/15/20280.4%
American Airlines Class B Pass Through Trust5.600% 07/15/20200.4%
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%
Protective Life Corp.8.450% 10/15/20390.3%
Navient Corp.6.625% 07/26/20210.3%
Pacific Gas & Electric Co.6.050% 03/01/20340.3%
Goldcorp, Inc.3.700% 03/15/20230.3%
Morgan Stanley3.875% 01/27/20260.3%
CNAC HK Finbridge Co Ltd3.000% 07/19/20200.3%
VEREIT Operating Partnership L.P.4.875% 06/01/20260.3%
American Airlines Class B Pass Through Trust5.625% 01/15/20210.3%
Santander UK plc7.950% 10/26/20290.3%
NXP BV / NXP Funding LLC4.625% 06/01/20230.3%
CRH America Finance, Inc.3.950% 04/04/20280.3%
Kilroy Realty L.P.6.625% 06/01/20200.3%
Midcontinent Express Pipeline LLC6.700% 09/15/20190.3%
General Motors Financial Co., Inc.0.000% 08/01/20180.3%
Enbridge US Inc0.000% 08/01/20180.3%
Drive Auto Receivables Trust 2017-12.840% 04/15/20220.3%
Carnival plc7.875% 06/01/20270.3%
PVH Corp.7.750% 11/15/20230.3%
National Fuel Gas Co.3.750% 03/01/20230.3%
Ausgrid Finance Pty Ltd4.350% 08/01/20280.3%
Building Materials Corp. of America5.375% 11/15/20240.3%
Aon plc8.205% 01/01/20270.3%
Universal Health Services, Inc.5.000% 06/01/20260.3%
Fresenius Medical Care US Finance II, Inc.5.875% 01/31/20220.3%
Williams Cos., Inc.8.750% 03/15/20320.3%
Motiva Enterprises LLC5.750% 01/15/20200.3%
Export-Import Bank of India3.875% 02/01/20280.3%
IFM US Colonial Pipeline 2 LLC6.450% 05/01/20210.3%
Bank of Ireland Group PLC4.125% 09/19/20270.3%
Alexandria Real Estate Equities, Inc.3.450% 04/30/20250.3%
Healthcare Realty Trust, Inc.3.625% 01/15/20280.3%
GMF Floorplan Owner Revolving Trust3.130% 03/15/20230.3%
Broadcom Corp. / Broadcom Cayman Finance Ltd.3.125% 01/15/20250.3%
Anglo American Capital plc4.750% 04/10/20270.3%
Dover Corp.0.000% 08/01/20180.3%
Cox Enterprises, Inc.0.000% 08/01/20180.3%
Plains All American Pipeline L.P.0.000% 08/01/20180.3%
Cabot Corp.0.000% 08/01/20180.3%
Arrow Electronics, Inc.0.000% 08/27/20180.3%
The Royal Bank of Scotland Group PLC3.875% 09/12/20230.3%
Time Warner Entertainment Co. L.P.8.375% 07/15/20330.3%
International Lease Finance Corp.5.875% 04/01/20190.3%
Dell International LLC / EMC Corp6.020% 06/15/20260.3%
Glencore Finance Canada Ltd.5.550% 10/25/20420.3%
Caesars Palace Las Vegas Trust 2017-VICI3.531% 10/15/20340.3%
Macquarie Group Ltd.4.654% 03/27/20290.3%
SCANA Corp.4.750% 05/15/20210.3%
People's United Financial, Inc.3.650% 12/06/20220.3%
Halliburton Co.7.450% 09/15/20390.3%
Cleco Power LLC6.000% 12/01/20400.3%
Edison International4.125% 03/15/20280.2%
Credit Suisse AG6.500% 08/08/20230.2%
Entergy Corp.0.000% 08/01/20180.2%
Kraft Heinz Foods Co.6.875% 01/26/20390.2%
Neuberger Berman Group LLC4.875% 04/15/20450.2%
American Homes 4 Rent LP4.250% 02/15/20280.2%
DBWF 2018-AMXP Mortgage Trust3.791% 05/05/20350.2%
Kinross Gold Corp.4.500% 07/15/20270.2%
California Republic Auto Receivables Trust2.530% 06/15/20210.2%
Ras Laffan Liquefied Natural Gas Co., Ltd.6.750% 09/30/20190.2%
Embraer Overseas Ltd.5.696% 09/16/20230.2%
International Paper Co.7.300% 11/15/20390.2%
Enel Finance International N.V.2.750% 04/06/20230.2%
Citigroup, Inc.3.668% 07/24/20280.2%
Discover Bank3.450% 07/27/20260.2%
Dominion Resources, Inc.7.000% 06/15/20380.2%
Comcast Corp.3.969% 11/01/20470.2%
Alibaba Group Holding Ltd.4.500% 11/28/20340.2%
Ammc Clo 19 Ltd.3.839% 10/15/20280.2%
GoldenTree Loan Opportunities IX Ltd3.709% 10/29/20260.2%
Hewlett-Packard Co.0.000% 08/01/20180.2%
Magna International, Inc.0.000% 08/01/20180.2%
Pentair Finance SA0.000% 08/01/20180.2%
ConAgra Brands, Inc.0.000% 08/01/20180.2%
Kinder Morgan, Inc.0.000% 08/01/20180.2%
Hawaiian Electric Industries, Inc.0.000% 08/06/20180.2%
CNOOC Curtis Funding No 1 Pty Ltd.4.500% 10/03/20230.2%
Credit Suisse Group AG7.500% 07/16/21680.2%
ICG US CLO 2015-2 Ltd3.189% 01/16/20280.2%
Life Technologies Corp.6.000% 03/01/20200.2%
Sberbank of Russia Via SB Capital S.A.4.150% 03/06/20190.2%
JB y Co SA de CV3.750% 05/13/20250.2%
GATX Corp.4.550% 11/07/20280.2%
Indika Energy Capital III Pte Ltd5.875% 11/09/20240.2%
U.S. Treasury Note/Bond2.750% 02/15/20280.2%
Government National Mortgage Association2.600% 06/16/20570.2%
Tengizchevroil Finance Co International Ltd4.000% 08/15/20260.2%
CNO Financial Group, Inc.5.250% 05/30/20250.2%
Israel Electric Corp.4.250% 08/14/20280.2%
Avery Point VII CLO Ltd3.839% 01/15/20280.2%
Teva Pharmaceutical Finance Netherlands III BV1.700% 07/19/20190.2%
U.S. Treasury Note/Bond2.625% 06/30/20230.2%
National Oilwell Varco, Inc.3.950% 12/01/20420.2%
IHS Markit Ltd4.000% 03/01/20260.2%
Brixmor Operating Partnership L.P.3.850% 02/01/20250.2%
Assurant, Inc.4.900% 03/27/20280.2%
Leidos, Inc.7.125% 07/01/20320.2%
Macquarie Bank Ltd.6.625% 04/07/20210.2%
Hardee's Funding LLC4.959% 06/20/20480.2%
New Gold, Inc.6.250% 11/15/20220.2%
CRH America Finance, Inc.4.500% 04/04/20480.2%
Brighthouse Financial Inc3.700% 06/22/20270.2%
Palmer Square Loan Funding 2018-1 Ltd2.939% 04/15/20260.2%
Origin Energy Finance Ltd.5.450% 10/14/20210.2%
Netflix, Inc.3.625% 05/15/20270.2%
OHA Loan Funding 2016-1 Ltd4.148% 01/20/20280.2%
Tapstone Energy LLC / Tapstone Energy Finance Corp9.750% 06/01/20220.2%
Hanover Insurance Group, Inc.4.500% 04/15/20260.2%
Phosagro OAO via Phosagro Bond Funding Ltd3.949% 04/24/20230.2%
Enbridge, Inc.6.000% 01/15/20770.2%
World Financial Network Credit Card Master Trust2.030% 04/15/20250.2%
Sempra Energy4.000% 02/01/20480.2%
Wand Merger Corp9.125% 07/15/20260.2%
Baidu, Inc.3.625% 07/06/20270.2%
Santander Drive Auto Receivables Trust 2014-54.230% 04/15/20220.2%
SunTrust Auto Receivables Trust3.240% 01/16/20230.2%
Chaparral Energy, Inc.8.750% 07/15/20230.2%
Conn's Receivables Funding 2017-B LLC5.950% 11/15/20220.2%
Morgan Stanley3.011% 05/08/20240.2%
JD.com, Inc.3.875% 04/29/20260.2%
MMC Norilsk Nickel OJSC via MMC Finance Ltd.4.100% 04/11/20230.2%
Neuberger Berman Group LLC4.500% 03/15/20270.2%
Royal Caribbean Cruises Ltd.5.250% 11/15/20220.2%
Enterprise Products Operating LLC6.066% 08/01/20660.2%
Expedia, Inc.5.000% 02/15/20260.2%
Pentair Finance SA2.650% 12/01/20190.2%
Enbridge Energy Partners L.P.6.135% 10/01/20370.2%
VEREIT Operating Partnership L.P.3.950% 08/15/20270.2%
Saka Energi Indonesia PT4.450% 05/05/20240.2%
Newell Rubbermaid, Inc.3.150% 04/01/20210.2%
Discover Financial Services4.100% 02/09/20270.2%
BBVA Bancomer SA5.125% 01/18/20330.2%
National Fuel Gas Co.4.900% 12/01/20210.2%
Energy Transfer Partners LP8.250% 11/15/20290.2%
Southern Copper Corp.5.250% 11/08/20420.2%
Gazprom OAO Via Gaz Capital SA4.950% 02/06/20280.2%
Pacific Gas & Electric Co.3.300% 12/01/20270.2%
AT&T, Inc.5.350% 09/01/20400.2%
Spectra Energy Partners L.P.2.725% 06/05/20200.2%
Yara International ASA4.750% 06/01/20280.2%
Country Garden Holdings Co. Ltd.4.750% 09/28/20230.2%
Abu Dhabi National Energy Co.4.875% 04/23/20300.2%
Vulcan Materials Co.2.570% 03/01/20210.2%
Intesa Sanpaolo SpA5.710% 01/15/20260.2%
Fresenius Medical Care US Finance II, Inc.4.750% 10/15/20240.2%
Mylan, Inc.4.550% 04/15/20280.2%
BWAY Holding Co.7.250% 04/15/20250.2%
American Axle & Manufacturing, Inc.6.500% 04/01/20270.2%
Zimmer Biomet Holdings, Inc.5.750% 11/30/20390.2%
OM Asset Management plc4.800% 07/27/20260.2%
Kennametal, Inc.4.625% 06/15/20280.2%
Crestline Denali CLO XIV Ltd3.917% 10/23/20280.2%
Oncor Electric Delivery Co. LLC7.000% 09/01/20220.2%
Centene Corp.5.625% 02/15/20210.2%
Calpine Corp.5.500% 02/01/20240.2%
Embraer Netherlands Finance BV5.050% 06/15/20250.2%
World Financial Network Credit Card Master Trust2.660% 08/15/20240.2%
Santander UK Group Holdings plc3.823% 11/03/20280.2%
Matador Resources Co.6.875% 04/15/20230.2%
Cent CLO 22 Ltd3.773% 11/07/20260.2%
Dr. Pepper Snapple Group, Inc.4.597% 05/25/20280.2%
Caesars Palace Las Vegas Trust 2017-VICI3.835% 10/15/20340.2%
Bayer Corp6.650% 02/15/20280.2%
Discovery Communications3.547% 03/06/20210.2%
Birchwood Park CLO Ltd.3.519% 07/15/20260.2%
Northwell Healthcare, Inc.3.979% 11/01/20460.2%
Healthcare Trust of America Holdings LP2.950% 07/01/20220.2%
Dr. Pepper Snapple Group, Inc.5.085% 05/25/20480.2%
Barclays Bank plc10.179% 06/12/20210.2%
Avista Corp.4.350% 06/01/20480.2%
JBS USA LLC/JBS USA Finance, Inc.7.250% 06/01/20210.2%
Mississippi Power Co.4.250% 03/15/20420.2%
Republic of Argentina4.625% 01/11/20230.2%
Centene Corp.5.375% 06/01/20260.2%
Bank of Montreal3.803% 12/15/20320.2%
VEREIT Operating Partnership L.P.3.000% 02/06/20190.2%
Barrick International Barbados Corp.6.350% 10/15/20360.1%
Apache Corp.5.100% 09/01/20400.1%
SCE Trust III0.000% -0.1%
Alibaba Group Holding Ltd.4.400% 12/06/20570.1%
WeWork Cos Inc7.875% 05/01/20250.1%
Discover Bank7.000% 04/15/20200.1%
Broadcom Corp. / Broadcom Cayman Finance Ltd.3.875% 01/15/20270.1%
Sigma Alimentos S.A. de C.V.4.125% 05/02/20260.1%
Unum Group5.750% 08/15/20420.1%
Duqesne Light Holdings, Inc.6.250% 08/15/20350.1%
Edwards Lifesciences Corp.4.300% 06/15/20280.1%
Chicago Parking Meters LLC5.489% 12/30/20200.1%
Vale Overseas Ltd.6.250% 08/10/20260.1%
Carrizo Oil & Gas, Inc.7.500% 09/15/20200.1%
First Data Corp.7.000% 12/01/20230.1%
Westpac Banking Corp.4.322% 11/23/20310.1%
Level 3 Parent LLC5.750% 12/01/20220.1%
Burlington Northern Santa Fe LLC6.150% 05/01/20370.1%
Mountain Hawk III CLO Ltd.3.533% 04/18/20250.1%
Synchrony Credit Card Master Note Trust2.620% 10/15/20250.1%
Ausdrill Finance Pty Ltd.6.875% 11/01/20190.1%
JPMorgan Chase & Co.3.540% 05/01/20280.1%
Actavis Funding SCS4.850% 06/15/20440.1%
GCI LLC6.875% 04/15/20250.1%
CNH Capital LLC4.875% 04/01/20210.1%
Illinois, IL5.877% 03/01/20190.1%
First Quantum Minerals Ltd.6.875% 03/01/20260.1%
Appalachian Power Co.7.000% 04/01/20380.1%
Exelon Generation Co. LLC5.600% 06/15/20420.1%
Thacher Park CLO Ltd.3.508% 10/20/20260.1%
American International Group, Inc.4.125% 02/15/20240.1%
Resolute Energy Corp.8.500% 05/01/20200.1%
Drive Auto Receivables Trust3.020% 11/15/20210.1%
YPF S.A.7.000% 12/15/20470.1%
American Realty Capital Properties, Inc.3.000% 08/01/20180.1%
COMM 2016-SAVA Mortgage Trust3.792% 10/15/20340.1%
Chrysler Capital Auto Receivables Trust 2015-B2.700% 12/15/20200.1%
United Rentals, Inc.4.875% 01/15/20280.1%
Titan International, Inc.6.500% 11/30/20230.1%
NextGear Floorplan Master Owner Trust2.740% 04/15/20210.1%
California Republic Auto Receivables Trust1.750% 01/15/20210.1%
Sanchez Energy Corp.6.125% 01/15/20230.1%
Oasis Petroleum, Inc.6.875% 03/15/20220.1%
CNAC HK Finbridge Co Ltd3.500% 07/19/20220.1%
Weatherford International Ltd. Bermuda9.875% 03/01/20390.1%
Peabody Energy Corp.6.000% 03/31/20220.1%
Drive Auto Receivables Trust3.840% 07/15/20210.1%
Time Warner Cable LLC6.550% 05/01/20370.1%
Petrobras Global Finance BV5.750% 02/01/20290.1%
Florida Gas Transmission Co., LLC3.875% 07/15/20220.1%
Hyundai Capital America2.000% 07/01/20190.1%
Lincoln National Corp.7.000% 06/15/20400.1%
Expedia, Inc.3.800% 02/15/20280.1%
The Royal Bank of Scotland Group PLC4.892% 05/18/20290.1%
E*TRADE Financial Corp.4.500% 06/20/20280.1%
Benefit Street Partners CLO IV Ltd4.398% 01/20/20290.1%
CSC Holdings LLC10.125% 01/15/20230.1%
Scientific Games International, Inc.10.000% 12/01/20220.1%
Seven Generations Energy Ltd.6.875% 06/30/20230.1%
Magnetite XI Ltd3.453% 01/18/20270.1%
Bombardier, Inc.7.500% 03/15/20250.1%
Columbia Pipeline Group, Inc.3.300% 06/01/20200.1%
Anheuser-Busch InBev Worldwide, Inc.4.600% 04/15/20480.1%
CIT Group, Inc.6.125% 03/09/20280.1%
North Texas Tollway Auth8.410% 02/01/20300.1%
Hilcorp Energy L.P. / Hilcorp Finance Co.5.750% 10/01/20250.1%
Marvell Technology Group Ltd.4.200% 06/22/20230.1%
Mosaic Co.2.552% 11/18/20210.1%
National Fuel Gas Co.3.950% 09/15/20270.1%
Scientific Games International, Inc.6.625% 05/15/20210.1%
US Cellular Corp.6.700% 12/15/20330.1%
Precision Drilling Corp.5.250% 11/15/20240.1%
Popular, Inc.7.000% 07/01/20190.1%
Hunt Cos Inc6.250% 02/15/20260.1%
Turkiye Vakiflar Bankasi Tao5.750% 01/30/20230.1%
Wyndham Hotels & Resorts3.827% 03/28/20250.1%
T-Mobile USA, Inc.6.000% 04/15/20240.1%
Lima Metro Line 2 Finance Ltd.5.875% 07/05/20340.1%
Trinidad Drilling Ltd.6.625% 02/15/20250.1%
Bowman Park CLO Ltd.3.510% 11/23/20250.1%
Huntington Auto Trust1.590% 11/16/20200.1%
Avis Budget Rental Car Funding2.970% 02/20/20200.1%
Navient Corp.5.875% 03/25/20210.1%
Republic of Argentina5.875% 01/11/20280.1%
Energy Transfer Partners LP9.000% 11/01/20240.1%
Sabal Trail Transmission LLC4.246% 05/01/20280.1%
Air Canada 2015-2 Class B Pass Through Trust5.000% 12/15/20230.1%
Mountain View CLO X Ltd3.687% 10/13/20270.1%
Avis Budget Rental Car Funding2.460% 07/20/20200.1%
Norfolk Southern Corp.5.590% 05/17/20250.1%
SESI LLC7.125% 12/15/20210.1%
Itron, Inc.5.000% 01/15/20260.1%
Regatta IV Funding Ltd5.635% 07/25/20260.1%
Government National Mortgage Association2.700% 07/16/20570.1%
Cleveland Electric Illuminating Co.3.500% 04/01/20280.1%
SURA Asset Management SA4.375% 04/11/20270.1%
CIFC Funding 2014-V Ltd.3.736% 01/17/20270.1%
Gulf South Pipeline Co L.P.4.000% 06/15/20220.1%
Alexandria Real Estate Equities, Inc.3.950% 01/15/20280.1%
Acwa Power Management And Investments One Ltd5.950% 12/15/20390.1%
CNH Equipment Trust1.890% 04/15/20220.1%
Griffon Corp.5.250% 03/01/20220.1%
Citigroup, Inc.4.600% 03/09/20260.1%
Cent CLO Ltd.3.669% 10/29/20250.1%
Silversea Cruise Finance Ltd.7.250% 02/01/20250.1%
Royal Caribbean Cruises Ltd.7.500% 10/15/20270.1%
Vodafone Group plc5.250% 05/30/20480.1%
Brand Energy & Infrastructure Services Inc8.500% 07/15/20250.1%
Banco Mercantil del Norte SA/Grand Cayman7.625% 07/06/21670.1%
Caesars Palace Las Vegas Trust 2017-VICI4.138% 10/15/20340.1%
Intesa Sanpaolo SpA3.875% 01/12/20280.1%
U.S. Treasury Note/Bond3.125% 05/15/20480.1%
PPL WEM Ltd./Western Power Distribution Ltd.5.375% 05/01/20210.1%
Enbridge Energy Partners L.P.9.875% 03/01/20190.1%
Berry Petroleum Co.7.000% 02/15/20260.1%
ONEOK Partners L.P.8.625% 03/01/20190.1%
Microchip Technology Inc4.080% 05/23/20250.1%
Palmer Square Loan Funding 2017-1 Ltd4.039% 10/15/20250.1%
Braskem Netherlands Finance BV4.500% 01/10/20280.1%
CF Industries, Inc.4.500% 12/01/20260.1%
Williams Scotsman International Inc7.875% 12/15/20220.1%
SL Green Operating Partnership L.P.3.250% 10/15/20220.1%
Citizens Financial Group, Inc.4.150% 09/28/20220.1%
Liberty Mutual Group, Inc.5.000% 06/01/20210.1%
EnCana Corp.6.500% 05/15/20190.1%
Newmont Mining Corp.5.125% 10/01/20190.1%
Nationstar Mortgage LLC / Nationstar Capital Corp.7.875% 10/01/20200.1%
Adani Ports & Special Economic Zone Ltd4.000% 07/30/20270.1%
Oztel Holdings SPC Ltd6.625% 04/24/20280.1%
General Motors Financial Co., Inc.0.000% 09/04/20180.1%
Texas Eastern Transmission L.P.4.125% 12/01/20200.1%
Mohegan Tribal Gaming Authority7.875% 10/15/20240.1%
Government National Mortgage Association2.750% 02/16/20580.1%
MHP Lux SA6.950% 04/03/20260.1%
Martin Marietta Materials, Inc.2.980% 05/22/20200.1%
Yum! Brands, Inc.6.875% 11/15/20370.1%
Goldcorp, Inc.3.625% 06/09/20210.1%
Discover Financial Services3.850% 11/21/20220.1%
Continental Resources, Inc.4.900% 06/01/20440.1%
Navient Corp.6.750% 06/25/20250.1%
Enable Midstream Partners L.P.2.400% 05/15/20190.1%
EPR Properties4.500% 04/01/20250.1%
KOC Holding AS5.250% 03/15/20230.1%
Zimmer Biomet Holdings, Inc.3.375% 11/30/20210.1%
Vedanta Resources plc6.125% 08/09/20240.1%
KazMunayGas National Co.6.375% 10/24/20480.1%
Reynolds Group Issuer, Inc.5.750% 10/15/20200.1%
TIBCO Software, Inc.11.375% 12/01/20210.1%
Wells Fargo Commercial Mortgage Trust4.288% 07/15/20460.1%
Illinois, IL5.100% 06/01/20330.1%
Alibaba Group Holding Ltd.4.200% 12/06/20470.1%
Albertsons Cos LLC / Safeway, Inc. / New Albertson6.625% 06/15/20240.1%
China Evergrande Group8.750% 06/28/20250.1%
AbbVie, Inc.4.700% 05/14/20450.1%
Macquarie Bank Ltd.4.875% 06/10/20250.1%
BlueLine Rental Finance Corp. / BlueLine Rental LL9.250% 03/15/20240.1%
Barclays Dryrock Issuance Trust 2016-11.520% 05/16/20220.1%
Huntington Bancshares, Inc.5.700% 12/31/20990.1%
China Overseas Finance Cayman V Ltd.5.350% 11/15/20420.1%
CSMC Trust4.373% 09/15/20370.1%
Itau Unibanco Holding SA (Cayman Islands)6.125% 12/12/21670.1%
Conn's Receivables Funding 2017-B LLC2.730% 07/15/20200.1%
Synchrony Credit Card Master Note Trust2.820% 10/15/20250.1%
Valmont Industries, Inc.5.250% 10/01/20540.1%
Dow Chemical Co.9.400% 05/15/20390.1%
Jamestown CLO VII Ltd.3.635% 07/25/20270.1%
Minejesa Capital BV5.625% 08/10/20370.1%
Canadian Natural Resources Ltd.7.200% 01/15/20320.1%
Hyundai Capital America1.750% 09/27/20190.1%
Yingde Gases Investment Ltd6.250% 01/19/20230.1%
Infraestructura Energetica Nova SAB de CV4.875% 01/14/20480.1%
Solera Finance, Inc.10.500% 03/01/20240.1%
Charter Communications Operating LLC6.484% 10/23/20450.1%
William Lyon Homes, Inc.7.000% 08/15/20220.1%
COMM Mortgage Trust4.440% 07/10/20500.1%
Barrick North America Finance LLC7.500% 09/15/20380.1%
CPG Merger Sub LLC8.000% 10/01/20210.1%
Government National Mortgage Association2.600% 07/16/20580.1%
Red de Carreteras de Occidente SAPIB de CV9.000% 06/10/20280.1%
Enterprise Products Operating LLC7.550% 04/15/20380.1%
JPMBB Commercial Mortgage Securities Trust4.298% 07/15/20480.1%
Akbank TAS7.200% 03/16/20270.1%
Palmer Square Loan Funding 2018-1 Ltd3.389% 04/15/20260.1%
VA Electric & Power Co.8.875% 11/15/20380.1%
Teva Pharmaceutical Finance Co., LLC6.150% 02/01/20360.1%
Tesoro Logistics L.P.6.250% 10/15/20220.1%
Avery Point CLO Ltd.3.836% 07/17/20260.1%
Seneca Park CLO Ltd.3.456% 07/17/20260.1%
Chobani LLC / Chobani Finance Corp Inc7.500% 04/15/20250.1%
SCANA Corp.6.250% 04/01/20200.1%
Express Scripts Holding Co.6.125% 11/15/20410.1%
GAHR Commericial Mortgage Trust3.382% 12/15/20340.1%
Kaiser Foundation Hospitals4.150% 05/01/20470.1%
Sound Point CLO II Ltd3.405% 01/26/20310.1%
E*TRADE Financial Corp.3.800% 08/24/20270.1%
Rayonier AM Products, Inc.5.500% 06/01/20240.1%
Century Communities, Inc.5.875% 07/15/20250.1%
DBWF Mortgage Trust3.421% 06/10/20340.1%
Syngenta Finance NV4.441% 04/24/20230.1%
SCF Equipment Leasing 2017-2 LLC3.410% 12/20/20230.1%
Eterna Capital Pte Ltd7.500% 12/11/20220.1%
Activision Blizzard, Inc.6.125% 09/15/20230.1%
Doncasters US Finance LLC (Doncasters US LLC)5.834% 04/09/20200.1%
Avery Point CLO Ltd.3.935% 04/25/20260.1%
GS Mortgage Securities Trust1.440% 06/10/20460.1%
Fidelity National Financial Group5.500% 09/01/20220.1%
UTEX Industries9.327% 05/22/20220.1%
Provident Funding Associates L.P. / PFG Finance Co6.375% 06/15/20250.1%
Sterigenics-Nordion Topco LLC8.125% 11/01/20210.1%
Morgan Stanley7.300% 05/13/20190.1%
Nationstar Mortgage LLC / Nationstar Capital Corp.6.500% 07/01/20210.1%
Toronto-Dominion Bank3.625% 09/15/20310.1%
Palmer Square Loan Funding 2018-1 Ltd3.739% 04/15/20260.1%
Kosmos Energy Ltd.7.875% 08/01/20210.1%
Chaparral Energy, Inc.0.000% -0.1%
GS Mortgage Securities Trust0.517% 06/10/20460.1%
Bill Barrett Corp.7.000% 10/15/20220.1%
Waste Pro USA Inc5.500% 02/15/20260.1%
California Republic Auto Receivables Trust 2015-43.730% 11/15/20210.1%
Energy Transfer Partners LP6.125% 12/15/20450.1%
ACC Trust 2018-14.820% 05/20/20210.1%
Lockheed Martin Corp.7.750% 05/01/20260.1%
Infor Software Parent LLC / Infor Software Parent7.125% 05/01/20210.0%
Citigroup, Inc.5.950% 12/31/20990.0%
Santander Drive Auto Receivables Trust 2016-31.890% 06/15/20210.0%
Macquarie Bank Ltd./London6.125% 03/08/21670.0%
Rumo Luxembourg Sarl7.375% 02/09/20240.0%
West Fraser Timber Co. Ltd.4.350% 10/15/20240.0%
Willis North America, Inc.7.000% 09/29/20190.0%
Kinder Morgan, Inc.5.625% 11/15/20230.0%
Duqesne Light Holdings, Inc.6.400% 09/15/20200.0%
Joseph T Ryerson & Son, Inc.11.000% 05/15/20220.0%
Royal Caribbean Cruises Ltd.3.700% 03/15/20280.0%
Emera US Finance L.P.2.700% 06/15/20210.0%
Cox Communications, Inc.4.500% 06/30/20430.0%
Florida Gas Transmission Co., LLC7.900% 05/15/20190.0%
Teco Finance, Inc.5.150% 03/15/20200.0%
Goodman US Finance Three LLC3.700% 03/15/20280.0%
Newfield Exploration Co.5.750% 01/30/20220.0%
GS Mortgage Securities Trust4.411% 07/10/20480.0%
Galaxy XXI CLO Ltd3.368% 04/20/20310.0%
Access Point Funding I 2017-1 LLC3.060% 04/15/20290.0%
Rede D'or Finance Sarl4.950% 01/17/20280.0%
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%
Studio City Co Ltd7.250% 11/30/20210.0%
Smithfield Foods, Inc.3.350% 02/01/20220.0%
Navios South American Logistics Inc / Navios Logis7.250% 05/01/20220.0%
Santander UK plc5.000% 11/07/20230.0%
MPLX L.P.5.500% 02/15/20230.0%
Avery Point CLO Ltd.3.316% 07/17/20260.0%
OneMain Financial Issuance Trust 2016-1A3.660% 02/20/20290.0%
Santander Drive Auto Receivables Trust 2016-14.020% 04/15/20220.0%
WildHorse Resource Development Corp6.875% 02/01/20250.0%
ACC Trust 2018-16.810% 02/21/20230.0%
THL Credit Wind River 2014-3 CLO Ltd3.947% 01/22/20270.0%
Drive Auto Receivables Trust4.590% 01/17/20230.0%
Magnetite XVIII Ltd3.743% 11/15/20280.0%
Glencore Funding LLC4.125% 05/30/20230.0%
Carrizo Oil & Gas, Inc.8.250% 07/15/20250.0%
APX Group, Inc.8.750% 12/01/20200.0%
Doncasters US Finance LLC (Doncasters US LLC)10.584% 10/09/20200.0%
Glencore Funding LLC3.000% 10/27/20220.0%
Glencore Finance Canada Ltd.4.950% 11/15/20210.0%
SolarCity Corp.2.750% 11/01/20180.0%
ITC Holdings Corp.5.500% 01/15/20200.0%
Apidos CLO XVI5.342% 01/19/20250.0%
UTEX Industries6.077% 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%
Government National Mortgage Association0.613% 07/16/20540.0%
Merrill Lynch Mortgage Investors Trust Series6.250% 10/25/20360.0%
OI European Group BV4.000% 03/15/20230.0%
International Lease Finance Corp.5.875% 08/15/20220.0%
NYU Hospitals Center4.368% 07/01/20470.0%
Raizen Fuels Finance5.300% 01/20/20270.0%
Illinois, IL5.520% 04/01/20380.0%
Affiliated Managers Group, Inc.4.250% 02/15/20240.0%
CIT Group, Inc.5.800% 12/31/20990.0%
Kraft Heinz Foods Co.7.125% 08/01/20390.0%
SL Green Realty Corp.4.500% 12/01/20220.0%
Santander Drive Auto Receivables Trust 2016-22.080% 02/16/20210.0%
HudBay Minerals, Inc.7.625% 01/15/20250.0%
Hudsons Bay Simon JV Trust0.541% 08/05/20340.0%
Intesa Sanpaolo SpA6.500% 02/24/20210.0%
AmeriCredit Automobile Receivables Trust2.180% 06/08/20200.0%
Peabody Energy Corp.6.375% 03/31/20250.0%
Templar Energy LLC0.000% -0.0%
Diamond Resorts Owner Trust2.990% 05/22/20280.0%
Engs Commercial Finance Trust2.310% 10/22/20210.0%
Affiliated Managers Group, Inc.3.500% 08/01/20250.0%
WFRBS Commercial Mortgage Trust1.047% 05/15/20470.0%
Bunge Ltd. Finance Corp.8.500% 06/15/20190.0%
Range Resources Corp.5.875% 07/01/20220.0%
GS Mortgage Securities Trust0.183% 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%
U.S. Treasury Note/Bond3.000% 05/15/20450.0%
Oncor Electric Delivery Co. LLC7.000% 05/01/20320.0%
Drive Auto Receivables Trust2.370% 11/16/20200.0%
Teva Pharmaceutical Finance Co. B.V.3.650% 11/10/20210.0%
Burlington Northern Santa Fe LLC6.200% 08/15/20360.0%
U.S. Treasury Note/Bond2.250% 08/15/20460.0%
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%
Diamond Resorts Owner Trust3.080% 11/20/20280.0%
TCF Auto Receivables Owner Trust3.530% 03/15/20220.0%
Reynolds Group Issuer, Inc.6.875% 02/15/20210.0%
Chaparral Energy, Inc.0.000% -0.0%
Antero Resources Corp.5.125% 12/01/20220.0%
Xerox Corp.3.625% 03/15/20230.0%
Fiat Chrysler Automobiles N.V.5.250% 04/15/20230.0%
Santander Drive Auto Receivables Trust2.570% 04/15/20210.0%
U.S. Treasury Note/Bond3.125% 11/15/20410.0%
Flagship Credit Auto Trust2.380% 10/15/20200.0%
JPMBB Commercial Mortgage Securities Trust1.133% 04/15/20470.0%
U.S. Treasury Note/Bond2.500% 02/15/20460.0%
Templar Energy LLC0.000% -0.0%
DOMMO ENERGIA SA-SP ADR0.000% -0.0%
WFRBS Commercial Mortgage Trust0.563% 05/15/20470.0%
Everett Spinco2.584% 12/16/20210.0%
Americredit Automobile Receivables Trust 2016-41.340% 04/08/20200.0%
JPMBB Commercial Mortgage Securities Trust0.265% 04/15/20470.0%
U.S. Treasury Note/Bond4.375% 05/15/20410.0%
Afren plc10.250% 04/08/20190.0%
FX USD/EUR 09/180.000% 09/24/20180.0%
Federal Home Loan Mortgage Corp.0.000% 08/15/20220.0%
U.S. Treasury Note/Bond3.000% 02/15/20480.0%
Afren plc6.625% 12/09/20200.0%
Eneva SA0.000% -0.0%
Federal Home Loan Mortgage Corp.0.000% 09/15/20220.0%
US 10YR ULTRA FUT SEP180.000% 09/28/20180.0%
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.982.654% 04/15/20220.0%
Federal Home Loan Mortgage Corp.1010.500% 02/15/20210.0%
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.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 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.1185.497% 09/15/20210.0%
Federal Home Loan Mortgage Corp.900.950% 12/15/20200.0%
OGX Austria GmbH8.500% 06/01/20190.0%
Wand Merger Corp0.000% 04/27/20190.0%
Wand Merger Corp0.000% 04/27/20190.0%
Wand Merger Corp0.000% 04/27/20190.0%
Energizer Holdings Inc0.000% 05/18/20190.0%
Federal Home Loan Mortgage Corp.1009.000% 02/15/20210.0%
US 10YR NOTE (CBT)SEP180.000% 09/28/20180.0%
US 2YR NOTE (CBT) SEP180.000% 10/03/20180.0%
US 5YR NOTE (CBT) SEP180.000% 10/03/20180.0%
FX USD/MXN 08/180.000% 08/14/20180.0%
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 09/19/2018
$0.078
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 08/31/2018 $0.01003 $2.75
Daily Daily 07/31/2018 $0.00988 $2.76
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 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 08/31/2018

0.58%

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
Flyer
Publish Date:11/03/2015
Publish Date:11/03/2015

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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.

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