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Income Fund

Daily price w/o sales charge as of 03/22/2019

$2.78

arrowUp$0.02

YTD Returns w/o sales charge as of 03/22/2019

4.76%

Overall Morningstar Ratings

Corporate Bond
as of 02/28/2019

Morningstar rated the Lord Abbett Income Fund class I share 5, 4 and 5 stars among 181, 150 and 85 Corporate Bond Funds for the overall rating and the 3, 5 and 10 year periods ended 2/28/2019, 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 03/22/2019  

w/o sales charge 4.41%

30-Day Standardized Yield 2 as of 02/28/2019  

4.10%

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

Fund Basicsas of 02/28/2019

Total Net Assets
$2.11 B
Inception Date
10/19/2004
Dividend Frequency
Monthly
Fund Expense Ratio
0.57%
Number of Holdings
590
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 These investment minimums may be suspended, changed, or withdrawn by Lord Abbett Distributor LLC ("Lord Abbett Distributor").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 :

0.57%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 10/19/2004
w/o sales charge 3.00% 1.88% 5.81% 3.49% 7.90% 5.67%
Lipper Category Avg. Corporate Debt Funds BBB-Rated 2.51% 2.20% 3.64% 2.80% 6.04% -
Bloomberg Barclays U.S. Credit Bond Index 2.38% 2.72% 3.51% 3.13% 5.96% 4.61%

Fund Expense Ratio :

0.57%

Fund Expense Ratio :

0.57%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 10/19/2004
w/o sales charge -2.50% -2.50% 4.41% 3.49% 7.66% 5.52%
Lipper Category Avg. Corporate Debt Funds BBB-Rated -2.55% -2.55% 3.07% 2.90% 5.61% -
Bloomberg Barclays U.S. Credit Bond Index -2.11% -2.11% 3.16% 3.22% 5.52% 4.49%

Fund Expense Ratio :

0.57%

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

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

Type Assets
Investment Grade Corporate
High Yield Corporate
ABS
U.S. Government Related
CMBS
Bank Loans
Sovereign
MBS
Other
Cash

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Maturity Assets
Less than 1 year
1-2.99 years
3-4.99 years
5-6.99 years
7-9.99 years
Greater than 10 years

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Credit Quality Distribution as of 02/28/2019 View Portfolio

Rating Assets
U.S. Treasury
Agency
AAA
AA
A
BBB
<BBB
Not Rated

Ratings (other than U.S. Treasury securities or securities issued or backed by U.S. agencies) provided by Standard & Poor's, Moody's, and Fitch. For certain securities that are not rated by any of these three agencies, credit ratings from other agencies may be used. Where the rating agencies rate a security differently, Lord Abbett uses the median, but if there are only two ratings, the lower rating is used. Ratings range from AAA (highest) to D (lowest). Bonds rated BBB or above are considered investment grade. Credit ratings BB and below are lower-rated securities (junk bonds). High-yielding, non-investment-grade bonds (junk bonds) involve higher risks than investment-grade bonds. Adverse conditions may affect the issuer's ability to pay interest and principal on these securities. A portion of the portfolio's securities may not be rated. Breakdown is not an S&P credit rating or an opinion of S&P as to the creditworthiness of such portfolio. Ratings apply to the credit worthiness of the issuers of the underlying securities and not the fund or its shares. Ratings may be subject to change.

Investment Team

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

Partner & Portfolio Manager

21 Years of Industry Experience

Kewjin Yuoh
Kewjin Yuoh

Partner & Portfolio Manager

25 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Director of Taxable Fixed Income

18 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Chief Investment Officer

28 Years of Industry Experience

Supported By 66 Investment Professionals with 14 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 03/22/2019  

w/o sales charge 4.41%

30-Day Standardized Yield 2 as of 02/28/2019  

  Subsidized5 Un-Subsidized6
w/o sales charge 4.10% 4.10%

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

Fund Expense Ratio :

0.57%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 10/19/2004
w/o sales charge 3.00% 1.88% 5.81% 3.49% 7.90% 5.67%
Lipper Category Avg. Corporate Debt Funds BBB-Rated 2.51% 2.20% 3.64% 2.80% 6.04% -
Bloomberg Barclays U.S. Credit Bond Index 2.38% 2.72% 3.51% 3.13% 5.96% 4.61%

Fund Expense Ratio :

0.57%

Fund Expense Ratio :

0.57%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 10/19/2004
w/o sales charge -2.50% -2.50% 4.41% 3.49% 7.66% 5.52%
Lipper Category Avg. Corporate Debt Funds BBB-Rated -2.55% -2.55% 3.07% 2.90% 5.61% -
Bloomberg Barclays U.S. Credit Bond Index -2.11% -2.11% 3.16% 3.22% 5.52% 4.49%

Fund Expense Ratio :

0.57%

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
2018 -2.50% -2.11%
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% -
2007 6.96% -
2006 3.56% -
2005 2.61% -
2004 0.41% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2019 - - - - 4.79%
2018 -1.44% -0.71% 0.72% -1.08% -2.50%
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
Bank Loans
Sovereign
MBS
Other
Cash

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Maturity Assets
Less than 1 year
1-2.99 years
3-4.99 years
5-6.99 years
7-9.99 years
Greater than 10 years

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Credit Quality Distribution as of 02/28/2019

Rating Assets
U.S. Treasury
Agency
AAA
AA
A
BBB
<BBB
Not Rated

Ratings (other than U.S. Treasury securities or securities issued or backed by U.S. agencies) provided by Standard & Poor's, Moody's, and Fitch. For certain securities that are not rated by any of these three agencies, credit ratings from other agencies may be used. Where the rating agencies rate a security differently, Lord Abbett uses the median, but if there are only two ratings, the lower rating is used. Ratings range from AAA (highest) to D (lowest). Bonds rated BBB or above are considered investment grade. Credit ratings BB and below are lower-rated securities (junk bonds). High-yielding, non-investment-grade bonds (junk bonds) involve higher risks than investment-grade bonds. Adverse conditions may affect the issuer's ability to pay interest and principal on these securities. A portion of the portfolio's securities may not be rated. Breakdown is not an S&P credit rating or an opinion of S&P as to the creditworthiness of such portfolio. Ratings apply to the credit worthiness of the issuers of the underlying securities and not the fund or its shares. Ratings may be subject to change.

Portfolio Positioning as of 12/31/2018

  • After realizing profits in high yield credit earlier this year due to spread tightening, we rotated a portion of the portfolio’s exposure into investment grade corporate bonds, maintaining a focus on the "BBB" credit tier. We remain constructive on the fundamental and technical factors of this market segment and believe that the volatility experienced in the fourth quarter created idiosyncratic opportunities to capture relative value, particularly within “BBB” rated debt. Furthermore, we believe the risk of downgrade inherent in "BBB" credits is milder than that of higher quality credits.
  • The portfolio remains overweight the energy sector. We modestly increased the portfolio’s allocation to energy after spreads within this sector widened due to global growth concerns and an oversupply in oil, which resulted in declining oil prices.
  • We decreased the portfolio’s exposure to the financials sector due to concerns about the impact of Brexit negotiations, falling interest rates, and economic growth.
  • While corporate bonds are the portfolio’s focus, we modestly increased the portfolio’s allocation to commercial mortgage-backed securities (CMBS) and tactically decreased the portfolio’s allocation to high quality mortgage-backed securities (MBS).
  • We continue to hold the view that U.S. domestic growth will separate from global weakness. Despite the recent market volatility and the downturn of some soft economic indicators, we are cautiously optimistic in the U.S. economy due to strength in the labor market. We remain focused on domestic opportunities given the potential for increased volatility and event risk abroad. 

Portfolio Details as of 02/28/2019

Total Net Assets
$2.11 B
Number of Issues
590
Average Coupon
5.09%
Average Life
8.36 Years
Average Maturity
8.36 Years
Average Effective Duration
6.09 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 2.375% 02/29/2024 2.6%
AT&T, Inc. 6.000% 08/15/2040 1.2%
CVS Caremark Corp. 4.300% 03/25/2028 1.1%
U.S. Treasury Note/Bond 2.625% 02/15/2029 1.1%
J.P.Morgan Securities LLC 0.010% - 1.1%
Verizon Communications, Inc. 4.862% 08/21/2046 1.1%
Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worl 4.700% 02/01/2036 1.0%
Hyundai Capital America 2.500% 03/18/2019 0.8%
Ford Motor Co. 7.450% 07/16/2031 0.8%
GE Capital International Funding Co. 4.418% 11/15/2035 0.8%
% of Total Assets 11.6%

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/Bond2.500% 01/31/20242.7%
AT&T, Inc.6.000% 08/15/20401.2%
CVS Caremark Corp.4.300% 03/25/20281.1%
U.S. Treasury Note0.500% 01/15/20281.1%
Verizon Communications, Inc.4.862% 08/21/20461.1%
Citigroup, Inc.3.887% 01/10/20281.1%
Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worl4.700% 02/01/20361.0%
Hyundai Capital America2.500% 03/18/20190.8%
Ford Motor Co.7.450% 07/16/20310.8%
GE Capital International Funding Co.4.418% 11/15/20350.8%
Tencent Holdings Ltd.3.595% 01/19/20280.8%
General Motors Co.6.750% 04/01/20460.7%
NBCUniversal Enterprise, Inc.5.250% 06/19/20990.7%
JPMorgan Chase & Co.4.250% 10/15/20200.7%
Universal Health Services, Inc.4.750% 08/01/20220.7%
UBS AG Registered Shares5.125% 05/15/20240.7%
Time Warner Cable LLC7.300% 07/01/20380.7%
Kinder Morgan, Inc.7.750% 01/15/20320.7%
Helmerich & Payne, Inc.4.650% 03/15/20250.6%
Continental Resources, Inc.5.000% 09/15/20220.6%
Teachers Insurance & Annuity Association of Americ4.900% 09/15/20440.6%
Valero Energy Corp.10.500% 03/15/20390.6%
SCANA Corp.4.125% 02/01/20220.6%
ENI SpA5.700% 10/01/20400.6%
Sabine Pass Liquefaction LLC5.625% 04/15/20230.5%
PSEG Power LLC8.625% 04/15/20310.5%
Amgen, Inc.6.400% 02/01/20390.5%
Vale Overseas Ltd.6.875% 11/10/20390.5%
Nvent Finance Sarl4.550% 04/15/20280.5%
Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worl3.650% 02/01/20260.5%
Bank of America Corp.4.450% 03/03/20260.5%
UBS AG7.625% 08/17/20220.5%
Dell International LLC / EMC Corp.8.350% 07/15/20460.5%
NXP BV / NXP Funding LLC4.625% 06/01/20230.5%
Goldman Sachs Group, Inc.6.750% 10/01/20370.5%
Goldcorp, Inc.3.700% 03/15/20230.4%
CNH Capital LLC4.375% 04/05/20220.4%
Cox Communications, Inc.8.375% 03/01/20390.4%
Bank of Ireland Group PLC4.125% 09/19/20270.4%
Sabine Pass Liquefaction LLC5.875% 06/30/20260.4%
Baidu, Inc.3.875% 09/29/20230.4%
Bank of America Corp.3.824% 01/20/20280.4%
Wells Fargo Capital X5.950% 12/15/20360.4%
Volkswagen Group of America Finance LLC4.750% 11/13/20280.4%
Yara International ASA7.875% 06/11/20190.4%
Myriad International Holdings BV6.000% 07/18/20200.4%
Reckson Operating Partnership7.750% 03/15/20200.4%
Bacardi Ltd.4.700% 05/15/20280.4%
AT&T, Inc.6.350% 03/15/20400.4%
Vodafone Group plc4.375% 05/30/20280.4%
TransAlta Corp.4.500% 11/15/20220.4%
Kerr-McGee Corp.7.875% 09/15/20310.4%
World Financial Network Credit Card Master Trust2.310% 08/15/20240.4%
North Texas Tollway Auth8.910% 02/01/20300.4%
EPR Properties4.950% 04/15/20280.4%
Bermuda Government International Bond3.717% 01/25/20270.4%
Fresenius Medical Care US Finance II, Inc.5.875% 01/31/20220.4%
American International Group, Inc.4.800% 07/10/20450.4%
Exelon Generation Co. LLC6.250% 10/01/20390.4%
American Airlines Class B Pass Through Trust4.375% 10/01/20220.4%
Navient Corp.6.750% 06/25/20250.4%
CNO Financial Group, Inc.5.250% 05/30/20250.4%
Energy Transfer Operating LP6.250% 04/15/20490.4%
Morgan Stanley3.875% 01/27/20260.4%
Commonwealth Bank of Australia4.500% 12/09/20250.3%
VEREIT Operating Partnership L.P.4.875% 06/01/20260.3%
CNAC HK Finbridge Co Ltd3.000% 07/19/20200.3%
Tech Data Corp.3.700% 02/15/20220.3%
Protective Life Corp.8.450% 10/15/20390.3%
Electricite de France SA5.000% 09/21/20480.3%
Ausgrid Finance Pty Ltd4.350% 08/01/20280.3%
Carnival plc7.875% 06/01/20270.3%
CRH America Finance, Inc.3.950% 04/04/20280.3%
Drive Auto Receivables Trust 2017-12.840% 04/15/20220.3%
National Fuel Gas Co.3.750% 03/01/20230.3%
Universal Health Services, Inc.5.000% 06/01/20260.3%
Midcontinent Express Pipeline LLC6.700% 09/15/20190.3%
Santander UK plc7.950% 10/26/20290.3%
Williams Cos., Inc.8.750% 03/15/20320.3%
PVH Corp.7.750% 11/15/20230.3%
Trimble Navigation Ltd.4.900% 06/15/20280.3%
Motiva Enterprises LLC5.750% 01/15/20200.3%
Air Lease Corp.3.625% 04/01/20270.3%
Aon plc8.205% 01/01/20270.3%
IFM US Colonial Pipeline 2 LLC6.450% 05/01/20210.3%
Anglo American Capital plc4.750% 04/10/20270.3%
Wabtec Corp.4.700% 09/15/20280.3%
Broadcom Corp. / Broadcom Cayman Finance Ltd.3.125% 01/15/20250.3%
The Royal Bank of Scotland Group PLC3.875% 09/12/20230.3%
MPT Operating Partnership L.P.5.000% 10/15/20270.3%
Fidelity National Financial Group4.500% 08/15/20280.3%
Time Warner Entertainment Co. L.P.8.375% 07/15/20330.3%
Caesars Palace Las Vegas Trust 2017-VICI3.531% 10/15/20340.3%
Fresenius Medical Care US Finance II, Inc.4.750% 10/15/20240.3%
Hilcorp Energy L.P. / Hilcorp Finance Co.6.250% 11/01/20280.3%
Dell International LLC / EMC Corp6.020% 06/15/20260.3%
International Lease Finance Corp.5.875% 04/01/20190.3%
Macquarie Group Ltd.4.654% 03/27/20290.3%
SCANA Corp.4.750% 05/15/20210.3%
American Airlines Class B Pass Through Trust5.600% 07/15/20200.3%
Glencore Finance Canada Ltd.5.550% 10/25/20420.3%
People's United Financial, Inc.3.650% 12/06/20220.3%
Anheuser-Busch InBev Worldwide, Inc.4.750% 01/23/20290.3%
Life Technologies Corp.6.000% 03/01/20200.3%
Halliburton Co.7.450% 09/15/20390.3%
General Electric Co.2.700% 10/09/20220.3%
DBWF 2018-AMXP Mortgage Trust3.791% 05/05/20350.3%
American Homes 4 Rent LP4.250% 02/15/20280.3%
Credit Suisse AG6.500% 08/08/20230.3%
California Republic Auto Receivables Trust2.530% 06/15/20210.3%
Cleco Power LLC6.000% 12/01/20400.3%
Citigroup, Inc.3.668% 07/24/20280.3%
Embraer Overseas Ltd.5.696% 09/16/20230.3%
Kinross Gold Corp.4.500% 07/15/20270.3%
Kraft Heinz Foods Co.6.875% 01/26/20390.2%
Discover Bank3.450% 07/27/20260.2%
Enel Finance International N.V.2.750% 04/06/20230.2%
American Airlines Class B Pass Through Trust5.625% 01/15/20210.2%
Neuberger Berman Group LLC4.875% 04/15/20450.2%
Dominion Resources, Inc.7.000% 06/15/20380.2%
Canadian Natural Resources Ltd.7.200% 01/15/20320.2%
U.S. Treasury Note/Bond2.875% 11/15/20210.2%
CNOOC Curtis Funding No 1 Pty Ltd.4.500% 10/03/20230.2%
Ammc Clo 19 Ltd.4.287% 10/15/20280.2%
ConAgra Brands, Inc.4.600% 11/01/20250.2%
International Paper Co.7.300% 11/15/20390.2%
ICG US CLO 2015-2 Ltd3.629% 01/16/20280.2%
GATX Corp.4.550% 11/07/20280.2%
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%
Discover Bank4.682% 08/09/20280.2%
BlueMountain CLO 2016-1 Ltd4.111% 04/20/20270.2%
Alibaba Group Holding Ltd.3.400% 12/06/20270.2%
Avery Point VII CLO Ltd4.287% 01/15/20280.2%
Government National Mortgage Association2.600% 06/16/20570.2%
IHS Markit Ltd4.000% 03/01/20260.2%
Brixmor Operating Partnership L.P.3.850% 02/01/20250.2%
Hardee's Funding LLC4.959% 06/20/20480.2%
Macquarie Bank Ltd.6.625% 04/07/20210.2%
Origin Energy Finance Ltd.5.450% 10/14/20210.2%
Hanover Insurance Group, Inc.4.500% 04/15/20260.2%
Netflix, Inc.3.625% 05/15/20270.2%
OHA Loan Funding 2016-1 Ltd4.561% 01/20/20280.2%
Phosagro OAO via Phosagro Bond Funding Ltd3.949% 04/24/20230.2%
21st Century Fox America, Inc.7.750% 12/01/20450.2%
Leidos, Inc.7.125% 07/01/20320.2%
National Oilwell Varco, Inc.3.950% 12/01/20420.2%
Brighthouse Financial Inc3.700% 06/22/20270.2%
World Financial Network Credit Card Master Trust2.030% 04/15/20250.2%
SunTrust Auto Receivables Trust3.240% 01/16/20230.2%
Enbridge, Inc.6.000% 01/15/20770.2%
Baidu, Inc.3.625% 07/06/20270.2%
Palmer Square Loan Funding 2018-1 Ltd3.387% 04/15/20260.2%
Tapstone Energy LLC / Tapstone Energy Finance Corp9.750% 06/01/20220.2%
GS Mortgage Securities Corp Trust 2018-FBLU5.259% 11/15/20350.2%
Neuberger Berman Group LLC4.500% 03/15/20270.2%
Conn's Receivables Funding 2017-B LLC5.950% 11/15/20220.2%
Santander Drive Auto Receivables Trust 2014-54.230% 04/15/20220.2%
Morgan Stanley3.563% 05/08/20240.2%
Royal Caribbean Cruises Ltd.5.250% 11/15/20220.2%
VEREIT Operating Partnership L.P.3.950% 08/15/20270.2%
Nationstar Mortgage Holdings, Inc.9.125% 07/15/20260.2%
Expedia, Inc.5.000% 02/15/20260.2%
JD.com, Inc.3.875% 04/29/20260.2%
Enbridge Energy Partners L.P.6.196% 10/01/20370.2%
Discover Financial Services4.100% 02/09/20270.2%
Sempra Energy4.000% 02/01/20480.2%
Saka Energi Indonesia PT4.450% 05/05/20240.2%
Gazprom OAO Via Gaz Capital SA4.950% 02/06/20280.2%
AT&T, Inc.5.350% 09/01/20400.2%
National Fuel Gas Co.4.900% 12/01/20210.2%
Abu Dhabi National Energy Co.4.875% 04/23/20300.2%
AutoNation, Inc.0.000% 02/01/20190.2%
General Motors Financial Co., Inc.0.000% 02/01/20190.2%
Bell Canada, Inc.0.000% 02/04/20190.2%
Energy Transfer Operating LP8.250% 11/15/20290.2%
Intesa Sanpaolo SpA5.710% 01/15/20260.2%
Southern Copper Corp.5.250% 11/08/20420.2%
Oasis Petroleum, Inc.6.875% 03/15/20220.2%
BBVA Bancomer SA5.125% 01/18/20330.2%
Vulcan Materials Co.2.971% 03/01/20210.2%
Spectra Energy Partners L.P.3.451% 06/05/20200.2%
Pentair Finance SA2.650% 12/01/20190.2%
American Axle & Manufacturing, Inc.6.500% 04/01/20270.2%
Embraer Netherlands Finance BV5.050% 06/15/20250.2%
Mylan, Inc.4.550% 04/15/20280.2%
Calpine Corp.5.500% 02/01/20240.2%
OM Asset Management plc4.800% 07/27/20260.2%
Bombardier, Inc.6.125% 01/15/20230.2%
Octagon Investment Partners 24 Ltd3.996% 05/21/20270.2%
YPF S.A.6.950% 07/21/20270.2%
Kennametal, Inc.4.625% 06/15/20280.2%
Centene Corp.5.625% 02/15/20210.2%
BWAY Holding Co.7.250% 04/15/20250.2%
World Financial Network Credit Card Master Trust2.660% 08/15/20240.2%
Santander UK Group Holdings plc3.823% 11/03/20280.2%
Pacific Gas & Electric Co.6.050% 03/01/20340.2%
Zimmer Biomet Holdings, Inc.5.750% 11/30/20390.2%
Caesars Palace Las Vegas Trust 2017-VICI3.835% 10/15/20340.2%
United Technologies Corp.3.650% 08/16/20230.2%
Northwell Healthcare, Inc.3.979% 11/01/20460.2%
Healthcare Trust of America Holdings LP2.950% 07/01/20220.2%
Bank of Montreal3.803% 12/15/20320.2%
Bayer Corp6.650% 02/15/20280.2%
Centene Corp.5.375% 06/01/20260.2%
General Electric Co.5.300% 02/11/20210.2%
Mississippi Power Co.4.250% 03/15/20420.2%
Barclays Bank plc10.179% 06/12/20210.2%
VEREIT Operating Partnership L.P.3.000% 02/06/20190.2%
Building Materials Corp. of America5.375% 11/15/20240.2%
Oglethorpe Power Corp.5.050% 10/01/20480.2%
Barrick International Barbados Corp.6.350% 10/15/20360.2%
Chaparral Energy, Inc.8.750% 07/15/20230.2%
Lincoln National Corp.7.000% 06/15/20400.2%
Republic of Argentina4.625% 01/11/20230.2%
Silversea Cruise Finance Ltd.7.250% 02/01/20250.2%
Discover Bank7.000% 04/15/20200.2%
Broadcom Corp. / Broadcom Cayman Finance Ltd.3.875% 01/15/20270.2%
Sigma Alimentos S.A. de C.V.4.125% 05/02/20260.1%
Indonesia Asahan Aluminium Persero PT5.230% 11/15/20210.1%
Westpac Banking Corp.4.322% 11/23/20310.1%
Country Garden Holdings Co. Ltd.4.750% 09/28/20230.1%
Synchrony Credit Card Master Note Trust2.620% 10/15/20250.1%
Unum Group5.750% 08/15/20420.1%
Apache Corp.5.100% 09/01/20400.1%
Level 3 Parent LLC5.750% 12/01/20220.1%
Burlington Northern Santa Fe LLC6.150% 05/01/20370.1%
Harris Corp.4.400% 06/15/20280.1%
Duqesne Light Holdings, Inc.6.250% 08/15/20350.1%
American International Group, Inc.4.125% 02/15/20240.1%
Vale Overseas Ltd.6.250% 08/10/20260.1%
Reynolds Group Issuer, Inc.5.750% 10/15/20200.1%
CNH Capital LLC4.875% 04/01/20210.1%
L-3 Communications Corp.4.400% 06/15/20280.1%
WeWork Cos Inc7.875% 05/01/20250.1%
United Rentals, Inc.4.875% 01/15/20280.1%
Resolute Energy Corp.8.500% 05/01/20200.1%
Illinois, IL5.877% 03/01/20190.1%
Chrysler Capital Auto Receivables Trust 2015-B2.700% 12/15/20200.1%
Thacher Park CLO Ltd.3.921% 10/20/20260.1%
Qatar Government International Bond3.250% 06/02/20260.1%
NextGear Floorplan Master Owner Trust2.740% 04/15/20210.1%
CNAC HK Finbridge Co Ltd3.500% 07/19/20220.1%
GCI LLC6.875% 04/15/20250.1%
Exelon Generation Co. LLC5.600% 06/15/20420.1%
Appalachian Power Co.7.000% 04/01/20380.1%
Fluor Corp.4.250% 09/15/20280.1%
Florida Gas Transmission Co., LLC3.875% 07/15/20220.1%
Hyundai Capital America2.000% 07/01/20190.1%
Edison International4.125% 03/15/20280.1%
Warner Media LLC6.200% 03/15/20400.1%
Peabody Energy Corp.6.000% 03/31/20220.1%
Expedia, Inc.3.800% 02/15/20280.1%
Indika Energy Capital III Pte Ltd5.875% 11/09/20240.1%
Bowman Park CLO Ltd.3.857% 11/23/20250.1%
General Electric Co.3.150% 09/07/20220.1%
Time Warner Cable LLC6.550% 05/01/20370.1%
Benefit Street Partners CLO IV Ltd4.811% 01/20/20290.1%
The Royal Bank of Scotland Group PLC4.892% 05/18/20290.1%
Titan International, Inc.6.500% 11/30/20230.1%
E*TRADE Financial Corp.4.500% 06/20/20280.1%
Turkiye Vakiflar Bankasi Tao5.750% 01/30/20230.1%
Campbell Soup Co.3.800% 08/02/20420.1%
PPL WEM Ltd./Western Power Distribution Ltd.5.375% 05/01/20210.1%
CSC Holdings LLC10.125% 01/15/20230.1%
William Lyon Homes, Inc.7.000% 08/15/20220.1%
Baker Hughes a GE Co LLC / Baker Hughes Co-Obligor4.080% 12/15/20470.1%
Columbia Pipeline Group, Inc.3.300% 06/01/20200.1%
Scientific Games International, Inc.10.000% 12/01/20220.1%
CIT Group, Inc.6.125% 03/09/20280.1%
Magnetite XI Ltd3.900% 01/18/20270.1%
FedEx Corp.4.950% 10/17/20480.1%
Trinidad Drilling Ltd.6.625% 02/15/20250.1%
Marvell Technology Group Ltd.4.200% 06/22/20230.1%
Seven Generations Energy Ltd.6.875% 06/30/20230.1%
US Cellular Corp.6.700% 12/15/20330.1%
North Texas Tollway Auth8.410% 02/01/20300.1%
National Fuel Gas Co.3.950% 09/15/20270.1%
Scientific Games International, Inc.6.625% 05/15/20210.1%
T-Mobile USA, Inc.6.000% 04/15/20240.1%
Cedar Funding VI CLO Ltd4.361% 10/20/20280.1%
SCE Trust III0.000% -0.1%
Wyndham Hotels & Resorts3.972% 03/28/20250.1%
Sabal Trail Transmission LLC4.246% 05/01/20280.1%
Hunt Cos Inc6.250% 02/15/20260.1%
Energy Transfer Operating LP9.000% 11/01/20240.1%
Litton Industries, Inc.7.750% 03/15/20260.1%
Teva Pharmaceutical Finance Netherlands III BV1.700% 07/19/20190.1%
Bombardier, Inc.7.500% 03/15/20250.1%
Norfolk Southern Corp.5.590% 05/17/20250.1%
Avis Budget Rental Car Funding2.460% 07/20/20200.1%
Mountain Hawk III CLO Ltd.3.980% 04/18/20250.1%
Republic of Argentina6.875% 04/22/20210.1%
Mountain View CLO X Ltd4.147% 10/13/20270.1%
General Electric Co.2.962% 05/05/20260.1%
Republic of Argentina5.875% 01/11/20280.1%
Wabash National Corp.5.500% 10/01/20250.1%
Itron, Inc.5.000% 01/15/20260.1%
Precision Drilling Corp.5.250% 11/15/20240.1%
Standard Chartered plc4.247% 01/20/20230.1%
Government National Mortgage Association2.700% 07/16/20570.1%
MMC Norilsk Nickel OJSC via MMC Finance Ltd.4.100% 04/11/20230.1%
Air Canada 2015-2 Class B Pass Through Trust5.000% 12/15/20230.1%
Cleveland Electric Illuminating Co.3.500% 04/01/20280.1%
Citigroup, Inc.4.600% 03/09/20260.1%
Gulf South Pipeline Co L.P.4.000% 06/15/20220.1%
SURA Asset Management SA4.375% 04/11/20270.1%
Griffon Corp.5.250% 03/01/20220.1%
Rayonier AM Products, Inc.5.500% 06/01/20240.1%
Acwa Power Management And Investments One Ltd5.950% 12/15/20390.1%
Caesars Palace Las Vegas Trust 2017-VICI4.138% 10/15/20340.1%
Royal Caribbean Cruises Ltd.7.500% 10/15/20270.1%
Intesa Sanpaolo SpA3.875% 01/12/20280.1%
Braskem Netherlands Finance BV4.500% 01/10/20280.1%
SESI LLC7.125% 12/15/20210.1%
Teck Resources Ltd.8.500% 06/01/20240.1%
Alta Mesa Holdings L.P. / Alta Mesa Finance Servic7.875% 12/15/20240.1%
Popular, Inc.6.125% 09/14/20230.1%
Marathon Petroleum Corp.5.375% 10/01/20220.1%
Citizens Financial Group, Inc.4.150% 09/28/20220.1%
SL Green Operating Partnership L.P.3.250% 10/15/20220.1%
Tesoro Logistics L.P.6.250% 10/15/20220.1%
Enbridge Energy Partners L.P.9.875% 03/01/20190.1%
Drive Auto Receivables Trust3.020% 11/15/20210.1%
Palmer Square Loan Funding 2017-1 Ltd4.487% 10/15/20250.1%
Mohegan Tribal Gaming Authority7.875% 10/15/20240.1%
ONEOK Partners L.P.8.625% 03/01/20190.1%
ZF North America Capital, Inc.4.000% 04/29/20200.1%
Banco Mercantil del Norte SA/Grand Cayman7.625% 07/06/21670.1%
Newmont Mining Corp.5.125% 10/01/20190.1%
Salem Fields CLO Ltd 2016-24.471% 10/25/20280.1%
Jamestown CLO VII Ltd.4.071% 07/25/20270.1%
KOC Holding AS5.250% 03/15/20230.1%
CBS Corp.0.000% 02/01/20190.1%
Dollar General Corp.0.000% 02/01/20190.1%
Electricite de France SA0.000% 02/04/20190.1%
EnCana Corp.6.500% 05/15/20190.1%
Williams Scotsman International Inc7.875% 12/15/20220.1%
Texas Eastern Transmission L.P.4.125% 12/01/20200.1%
CNH Equipment Trust1.890% 04/15/20220.1%
Government National Mortgage Association2.750% 02/16/20580.1%
EPR Properties4.500% 04/01/20250.1%
Yum! Brands, Inc.6.875% 11/15/20370.1%
Discover Financial Services3.850% 11/21/20220.1%
Goldcorp, Inc.3.625% 06/09/20210.1%
KazMunayGas National Co.6.375% 10/24/20480.1%
Martin Marietta Materials, Inc.2.960% 05/22/20200.1%
Berry Petroleum Co.7.000% 02/15/20260.1%
Enable Midstream Partners L.P.2.400% 05/15/20190.1%
Zimmer Biomet Holdings, Inc.3.375% 11/30/20210.1%
Wells Fargo Commercial Mortgage Trust4.286% 07/15/20460.1%
Albertsons Cos LLC / Safeway, Inc. / New Albertson6.625% 06/15/20240.1%
Cent CLO Ltd.4.082% 10/29/20250.1%
Eterna Capital Pte Ltd7.500% 12/11/20220.1%
Oztel Holdings SPC Ltd6.625% 04/24/20280.1%
Vedanta Resources plc6.125% 08/09/20240.1%
Brand Energy & Infrastructure Services Inc8.500% 07/15/20250.1%
Macquarie Bank Ltd.4.875% 06/10/20250.1%
First Quantum Minerals Ltd.6.875% 03/01/20260.1%
Continental Resources, Inc.4.900% 06/01/20440.1%
Illinois, IL5.100% 06/01/20330.1%
TIBCO Software, Inc.11.375% 12/01/20210.1%
CSMC Trust4.373% 09/15/20370.1%
Laredo Petroleum Holdings, Inc.5.625% 01/15/20220.1%
Microchip Technology Inc4.500% 05/23/20250.1%
Barclays Dryrock Issuance Trust 2016-11.520% 05/16/20220.1%
MHP Lux SA6.950% 04/03/20260.1%
Regatta VI Funding Ltd4.811% 07/20/20280.1%
Synchrony Credit Card Master Note Trust2.820% 10/15/20250.1%
Drive Auto Receivables Trust3.840% 07/15/20210.1%
China Evergrande Group8.750% 06/28/20250.1%
Turkiye Garanti Bankasi AS6.250% 04/20/20210.1%
China Overseas Finance Cayman V Ltd.5.350% 11/15/20420.1%
AbbVie, Inc.4.700% 05/14/20450.1%
Valmont Industries, Inc.5.250% 10/01/20540.1%
COMM Mortgage Trust4.440% 07/10/20500.1%
MEG Energy Corp.6.375% 01/30/20230.1%
Verizon Communications, Inc.3.716% 05/15/20250.1%
Hyundai Capital America1.750% 09/27/20190.1%
Yingde Gases Investment Ltd6.250% 01/19/20230.1%
Minejesa Capital BV5.625% 08/10/20370.1%
Huntington Bancshares, Inc.5.700% 12/31/20990.1%
Blitz F18-674 GmbH6.000% 07/30/20260.1%
Eldorado Resorts, Inc.6.000% 09/15/20260.1%
United Rentals North AM4.148% 10/31/20250.1%
Charter Communications Operating LLC6.484% 10/23/20450.1%
JPMBB Commercial Mortgage Securities Trust4.278% 07/15/20480.1%
Barrick North America Finance LLC7.500% 09/15/20380.1%
Government National Mortgage Association2.600% 07/16/20580.1%
Range Resources Corp.5.000% 08/15/20220.1%
SL Green Realty Corp.4.500% 12/01/20220.1%
Infraestructura Energetica Nova SAB de CV4.875% 01/14/20480.1%
California Republic Auto Receivables Trust1.750% 01/15/20210.1%
CPG Merger Sub LLC8.000% 10/01/20210.1%
Enterprise Products Operating LLC7.550% 04/15/20380.1%
Palmer Square Loan Funding 2018-1 Ltd3.837% 04/15/20260.1%
Red de Carreteras de Occidente SAPIB de CV9.000% 06/10/20280.1%
Express Scripts Holding Co.6.125% 11/15/20410.1%
VA Electric & Power Co.8.875% 11/15/20380.1%
Avery Point CLO Ltd.4.273% 07/17/20260.1%
SCANA Corp.6.250% 04/01/20200.1%
GAHR Commericial Mortgage Trust3.382% 12/15/20340.1%
Panera Bread Company4.313% 07/18/20220.1%
DBWF Mortgage Trust3.421% 06/10/20340.1%
Teva Pharmaceutical Finance Co., LLC6.150% 02/01/20360.1%
Chobani LLC / Chobani Finance Corp Inc7.500% 04/15/20250.1%
E*TRADE Financial Corp.3.800% 08/24/20270.1%
Century Communities, Inc.5.875% 07/15/20250.1%
Syngenta Finance NV4.441% 04/24/20230.1%
Surgery Center Holdings, Inc.8.875% 04/15/20210.1%
Avery Point CLO Ltd.4.371% 04/25/20260.1%
General Electric Co.3.100% 01/09/20230.1%
Madison Park Funding XXI Ltd4.301% 07/25/20290.1%
Doncasters US Finance LLC (Doncasters US LLC)6.303% 04/09/20200.1%
Glencore Funding LLC4.125% 05/30/20230.1%
Nationstar Mortgage LLC / Nationstar Capital Corp.6.500% 07/01/20210.1%
Sterigenics-Nordion Topco LLC8.125% 11/01/20210.1%
Morgan Stanley7.300% 05/13/20190.1%
Huntington Auto Trust1.590% 11/16/20200.1%
Seneca Park CLO Ltd.3.893% 07/17/20260.1%
Palmer Square Loan Funding 2018-1 Ltd4.187% 04/15/20260.1%
Northrop Grumman Systems Corp.7.875% 03/01/20260.1%
UTEX Industries9.749% 05/22/20220.1%
Waste Pro USA Inc5.500% 02/15/20260.1%
Provident Funding Associates L.P. / PFG Finance Co6.375% 06/15/20250.1%
Lockheed Martin Corp.7.750% 05/01/20260.1%
GS Mortgage Securities Trust1.435% 06/10/20460.1%
SCF Equipment Leasing 2017-2 LLC3.410% 12/20/20230.1%
California Republic Auto Receivables Trust 2015-43.730% 11/15/20210.1%
ACC Trust 2018-14.820% 05/20/20210.1%
Energy Transfer Operating LP6.125% 12/15/20450.1%
Bill Barrett Corp.7.000% 10/15/20220.1%
Rumo Luxembourg Sarl7.375% 02/09/20240.1%
Citigroup, Inc.5.950% 12/31/20990.1%
West Fraser Timber Co. Ltd.4.350% 10/15/20240.1%
Kinder Morgan, Inc.5.625% 11/15/20230.1%
ConAgra Brands, Inc.5.400% 11/01/20480.1%
Macquarie Bank Ltd./London6.125% 03/08/21670.1%
GS Mortgage Securities Trust0.517% 06/10/20460.0%
Duqesne Light Holdings, Inc.6.400% 09/15/20200.0%
Willis North America, Inc.7.000% 09/29/20190.0%
Emera US Finance L.P.2.700% 06/15/20210.0%
Royal Caribbean Cruises Ltd.3.700% 03/15/20280.0%
Rede D'or Finance Sarl4.950% 01/17/20280.0%
Newell Rubbermaid, Inc.5.000% 11/15/20230.0%
CCO Holdings LLC / CCO Holdings Capital Corp.5.250% 03/15/20210.0%
Teco Finance, Inc.5.150% 03/15/20200.0%
GS Mortgage Securities Trust4.411% 07/10/20480.0%
Newfield Exploration Co.5.750% 01/30/20220.0%
Carrizo Oil & Gas, Inc.6.250% 04/15/20230.0%
Triumph Group, Inc.4.875% 04/01/20210.0%
Florida Gas Transmission Co., LLC7.900% 05/15/20190.0%
Cox Communications, Inc.4.500% 06/30/20430.0%
Galaxy XXI CLO Ltd3.781% 04/20/20310.0%
Glencore Finance Canada Ltd.4.250% 10/25/20220.0%
Joseph T Ryerson & Son, Inc.11.000% 05/15/20220.0%
Newell Rubbermaid, Inc.3.850% 04/01/20230.0%
Studio City Co Ltd7.250% 11/30/20210.0%
Smithfield Foods, Inc.3.350% 02/01/20220.0%
Palmer Square Loan Funding 2018-5 Ltd3.870% 01/20/20270.0%
Navios South American Logistics Inc / Navios Logis7.250% 05/01/20220.0%
Santander UK plc5.000% 11/07/20230.0%
Park Aerospace Holdings Ltd4.500% 03/15/20230.0%
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%
OneMain Financial Issuance Trust 2016-1A3.660% 02/20/20290.0%
Halcyon Loan Advisors Funding Ltd.4.640% 07/25/20270.0%
Drive Auto Receivables Trust4.590% 01/17/20230.0%
Glencore Funding LLC3.000% 10/27/20220.0%
Country Garden Holdings Co. Ltd.4.750% 01/17/20230.0%
Glencore Finance Canada Ltd.4.950% 11/15/20210.0%
Elanco Animal Health Inc4.900% 08/28/20280.0%
Carrizo Oil & Gas, Inc.8.250% 07/15/20250.0%
ITC Holdings Corp.5.500% 01/15/20200.0%
Doncasters US Finance LLC (Doncasters US LLC)11.053% 10/09/20200.0%
U.S. Treasury Note/Bond3.000% 08/15/20480.0%
Apidos CLO XVI5.761% 01/19/20250.0%
Drive Auto Receivables Trust4.180% 03/15/20240.0%
Avis Budget Rental Car Funding2.630% 12/20/20210.0%
Avery Point CLO Ltd.3.753% 07/17/20260.0%
Lincoln National Corp.6.300% 10/09/20370.0%
OI European Group BV4.000% 03/15/20230.0%
UTEX Industries6.499% 05/22/20210.0%
Merrill Lynch Mortgage Investors Trust Series6.250% 10/25/20360.0%
International Lease Finance Corp.5.875% 08/15/20220.0%
Government National Mortgage Association0.623% 07/16/20540.0%
Ashtead Capital, Inc.5.625% 10/01/20240.0%
Illinois, IL5.520% 04/01/20380.0%
Affiliated Managers Group, Inc.4.250% 02/15/20240.0%
CFX Escrow Corp6.000% 02/15/20240.0%
Infor Software Parent LLC / Infor Software Parent7.125% 05/01/20210.0%
CIT Group, Inc.5.800% 12/31/20990.0%
HudBay Minerals, Inc.7.625% 01/15/20250.0%
Canadian Pacific Railway Co.9.450% 08/01/20210.0%
Chaparral Energy, Inc.0.000% -0.0%
Kraft Heinz Foods Co.7.125% 08/01/20390.0%
Access Point Funding I 2017-1 LLC3.060% 04/15/20290.0%
Intesa Sanpaolo SpA6.500% 02/24/20210.0%
Canadian Pacific Railway Co.7.125% 10/15/20310.0%
FMG Finance Pty Ltd.5.125% 05/15/20240.0%
Hudsons Bay Simon JV Trust0.541% 08/05/20340.0%
Bombardier, Inc.8.750% 12/01/20210.0%
Affiliated Managers Group, Inc.3.500% 08/01/20250.0%
Santander Drive Auto Receivables Trust 2016-31.890% 06/15/20210.0%
Peabody Energy Corp.6.375% 03/31/20250.0%
Piaggio & C SpA3.625% 04/30/20250.0%
Kinetic Concepts, Inc. / KCI USA, Inc.12.500% 11/01/20210.0%
Diamondback Energy, Inc.4.750% 11/01/20240.0%
WFRBS Commercial Mortgage Trust1.038% 05/15/20470.0%
Diamond Resorts Owner Trust2.990% 05/22/20280.0%
GS Mortgage Securities Trust0.183% 11/10/20480.0%
PG&E Corp5.029% 12/31/20200.0%
Oncor Electric Delivery Co. LLC7.500% 09/01/20380.0%
Avis Budget Rental Car Funding2.970% 02/20/20200.0%
Range Resources Corp.5.875% 07/01/20220.0%
NXP BV / NXP Funding LLC3.875% 09/01/20220.0%
HudBay Minerals, Inc.7.250% 01/15/20230.0%
Cox Communications, Inc.4.700% 12/15/20420.0%
Sequoia Mortgage Trust 2012-42.069% 09/25/20420.0%
Valero Energy Corp.7.500% 04/15/20320.0%
Hudsons Bay Simon JV Trust0.493% 08/05/20340.0%
Oncor Electric Delivery Co. LLC7.000% 05/01/20320.0%
Teva Pharmaceutical Finance Co. B.V.3.650% 11/10/20210.0%
Mattel, Inc.2.350% 08/15/20210.0%
NRG Yield, Inc.3.250% 06/01/20200.0%
General Electric Co.3.375% 03/11/20240.0%
Energy Transfer Partners LP / Regency Energy Finan5.000% 10/01/20220.0%
TCF Auto Receivables Owner Trust3.530% 03/15/20220.0%
Reynolds Group Issuer, Inc.6.875% 02/15/20210.0%
APX Group, Inc.8.750% 12/01/20200.0%
Antero Resources Corp.5.125% 12/01/20220.0%
Diamond Resorts Owner Trust3.080% 11/20/20280.0%
Xerox Corp.3.625% 03/15/20230.0%
Export Credit Bank of Turkey5.875% 04/24/20190.0%
Templar Energy LLC0.000% -0.0%
Fiat Chrysler Automobiles N.V.5.250% 04/15/20230.0%
U.S. Treasury Note/Bond2.750% 11/15/20420.0%
Blue Cube Spinco, Inc.10.000% 10/15/20250.0%
Canadian Oil Sands Ltd.4.500% 04/01/20220.0%
MEG Energy Corp.6.500% 01/15/20250.0%
PG&E Corp5.029% 12/31/20200.0%
JPMBB Commercial Mortgage Securities Trust1.118% 04/15/20470.0%
General Electric Co.3.450% 05/15/20240.0%
WFRBS Commercial Mortgage Trust0.562% 05/15/20470.0%
DOMMO ENERGIA SA-SP ADR0.000% -0.0%
Templar Energy LLC0.000% -0.0%
Santander Drive Auto Receivables Trust 2016-22.080% 02/16/20210.0%
JPMBB Commercial Mortgage Securities Trust0.270% 04/15/20470.0%
Flagship Credit Auto Trust2.380% 10/15/20200.0%
Afren plc10.250% 04/08/20190.0%
Federal Home Loan Mortgage Corp.0.000% 08/15/20220.0%
Eneva SA0.000% -0.0%
Afren plc6.625% 12/09/20200.0%
Federal Home Loan Mortgage Corp.0.000% 09/15/20220.0%
US 2YR NOTE (CBT) MAR190.000% 04/03/20190.0%
US ULTRA BOND CBT MAR190.000% 03/29/20190.0%
US LONG BOND(CBT) MAR190.000% 03/29/20190.0%
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.1008.500% 04/15/20210.0%
Federal Home Loan Mortgage Corp.1010.500% 02/15/20210.0%
Federal Home Loan Mortgage Corp.0.000% 10/15/20210.0%
Federal Home Loan Mortgage Corp.0.000% 06/15/20210.0%
Federal 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.0.000% 07/01/20220.0%
Federal Home Loan Mortgage Corp.1008.400% 11/15/20210.0%
Federal Home Loan Mortgage Corp.544.714% 12/15/20200.0%
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.1007.780% 05/15/20210.0%
Federal Home Loan Mortgage Corp.900.950% 12/15/20200.0%
Federal National Mortgage Assoc.9.500% 08/25/20210.0%
OGX Austria GmbH8.500% 06/01/20190.0%
Federal Home Loan Mortgage Corp.1009.000% 02/15/20210.0%
EURO-SCHATZ FUT MAR190.000% 03/11/20190.0%
US 10YR ULTRA FUT MAR190.000% 03/29/20190.0%
US 10YR NOTE (CBT)MAR190.000% 03/29/20190.0%
US 5YR NOTE (CBT) MAR190.000% 04/03/20190.0%
FX USD/EUR 03/190.000% 03/07/20190.0%
FX USD/MXN 02/190.000% 02/14/20190.0%
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%
J.P.Morgan Securities LLC0.010% --0.1%

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 03/22/2019
$0.020
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 02/28/2019 $0.01021 $2.74
Daily Daily 01/31/2019 $0.00999 $2.73

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 03/31/2019
Daily Daily 04/30/2019
Daily Daily 05/31/2019
Daily Daily 06/30/2019
Daily Daily 07/31/2019
Daily Daily 08/31/2019
Daily Daily 09/30/2019
Daily Daily 10/31/2019
Daily Daily 11/30/2019
Daily Daily 12/31/2019

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
12/17/2019 12/18/2019

Fees & Expenses

Fees & Expenses

Expense Ratioas of 02/28/2019

0.57%

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

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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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