Image alt tag

Page not optimized for mobile browsing

DST vision is best viewed on desktop and tablet

The Muni-Ladder Interest Rate Scenario Tool is only available on desktop and tablet.

PROCEED GO TO LORDABBETT.COM

Error!

There was a problem contacting the server. Please try after sometime.

Sorry, we are unable to process your request.

Error!

We're sorry, but the Insights and Intelligence Tool is temporarily unavailable

If this problem persists, or if you need immediate assistance, please contact Customer Service at 1-888-522-2388.

Error!

We're sorry, but the Literature Center checkout function is temporarily unavailable.

If this problem persists, or if you need immediate assistance, please contact Customer Service at 1-888-522-2388.

Tracked Funds

You have 0 funds on your mutual fund watch list.

Begin by selecting funds to create a personalized watch list.

(as of 12/05/2015)
View All Tracked Funds
View All Tracked Funds

Quick Links

Follow Us

Pending Orders

You have 0 items in your cart.

Subscribe and order forms, fact sheets, presentations, and other documents that can help advisers grow their business.

Check Out Go Literature Center

Reset Your Password

Financial Professionals*

Your password must be a minimum of characters.

Confirmation Message

Your LordAbbett.com password was successully updated. This page will be refreshed after 3 seconds.

OK

 

Income Fund

Daily price w/o sales charge as of 05/29/2020

$2.83

arrowUp$0.01

YTD Returns w/o sales charge as of 05/29/2020

-1.63%

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

Click here to view all legal text including risk information

Summary

Summary

What is the Income Fund?

The Fund seeks to deliver a high level of current income by investing primarily in a wide range of investment grade fixed income securities. 
 

FOCUS ON CORPORATE CREDIT

The investment team focuses on corporate bonds, diversified with select mortgage, high yield and non-U.S. securities to provide the opportunity for attractive total return.

BUILT ON INTENSIVE RESEARCH

The strategy employs quantitative and fundamental research to drive sector rotation and security selection.

IDENTIFY INCOME

The investment process identifies fixed-income sectors and securities with attractive valuations to provide the opportunity to deliver income.

Yield

Dividend Yield 1 as of 05/29/2020  

w/o sales charge 3.83%

30-Day Standardized Yield 2 as of 04/30/2020  

3.81%

Fund Basicsas of 04/30/2020

Total Net Assets
$2.58 B
Inception Date
07/02/2008
Dividend Frequency
Monthly
Fund Expense Ratio
1.07%
Number of Holdings
654

Fund Expense Ratio :

1.07%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/02/2008
w/o sales charge -4.33% 1.76% 2.68% 2.78% 4.59% 5.55%
Lipper Category Avg. Corporate Debt Funds BBB-Rated 1.40% 8.88% 4.91% 3.99% 4.92% -
Bloomberg Barclays U.S. Credit Bond Index 1.29% 9.37% 5.40% 4.33% 5.04% 5.67%

Fund Expense Ratio :

1.07%

Fund Expense Ratio :

1.07%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/02/2008
w/o sales charge -9.14% -2.35% 1.26% 1.73% 4.25% 5.13%
Lipper Category Avg. Corporate Debt Funds BBB-Rated -3.24% 4.26% 3.67% 2.93% 4.62% -
Bloomberg Barclays U.S. Credit Bond Index -3.14% 5.10% 4.19% 3.28% 4.75% 5.31%

Fund Expense Ratio :

1.07%

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

Type Assets
Investment Grade Corporate
High Yield Corporate
ABS
Bank Loans
CMBS
U.S. Government Related
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 04/30/2020 View Portfolio

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

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

INVESTMENT TEAM

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

Partner & Portfolio Manager

22 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Chief Investment Officer

29 Years of Industry Experience

Kewjin Yuoh
Kewjin Yuoh

Partner & Portfolio Manager

26 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Director of Taxable Fixed Income

19 Years of Industry Experience

Yoana N. Koleva
Yoana N. Koleva, CFA

Managing Director & Portfolio Manager

17 Years of Industry Experience

Eric P. Kang
Eric P. Kang

Portfolio Manager

21 Years of Industry Experience

Supported By 59 Investment Professionals with 16 Years Avg. Industry Experience

Contact a Representative

To contact your representative, enter your zip code and select your channel below.

Performance

Performance

Dividend Yield 1 as of 05/29/2020  

w/o sales charge 3.83%

30-Day Standardized Yield 2 as of 04/30/2020  

  Subsidized5 Un-Subsidized6
w/o sales charge 3.81% 3.81%

Fund Expense Ratio :

1.07%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/02/2008
w/o sales charge -4.33% 1.76% 2.68% 2.78% 4.59% 5.55%
Lipper Category Avg. Corporate Debt Funds BBB-Rated 1.40% 8.88% 4.91% 3.99% 4.92% -
Bloomberg Barclays U.S. Credit Bond Index 1.29% 9.37% 5.40% 4.33% 5.04% 5.67%

Fund Expense Ratio :

1.07%

Fund Expense Ratio :

1.07%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/02/2008
w/o sales charge -9.14% -2.35% 1.26% 1.73% 4.25% 5.13%
Lipper Category Avg. Corporate Debt Funds BBB-Rated -3.24% 4.26% 3.67% 2.93% 4.62% -
Bloomberg Barclays U.S. Credit Bond Index -3.14% 5.10% 4.19% 3.28% 4.75% 5.31%

Fund Expense Ratio :

1.07%

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

Year Fund Returns Bloomberg Barclays U.S. Credit Bond Index
2019 12.55% 13.80%
2018 -2.96% -2.11%
2017 6.60% 6.18%
2016 8.39% 5.63%
2015 -3.35% -0.77%
2014 6.91% 7.53%
2013 0.00% -2.01%
2012 12.57% 9.37%
2011 5.89% 8.35%
2010 10.93% 8.47%
2009 30.11% -
2008 -10.33% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2020 -9.14% - - - -1.61%
2019 4.73% 3.83% 2.29% 1.19% 12.55%
2018 -1.55% -0.83% 0.60% -1.19% -2.96%
2017 1.89% 2.22% 1.17% 1.17% 6.60%
2016 2.99% 4.27% 2.66% -1.68% 8.39%
2015 1.75% -1.79% -2.16% -1.15% -3.35%
2014 3.64% 3.55% -0.59% 0.21% 6.91%
2013 1.13% -3.58% 0.50% 2.04% 0.00%
2012 4.06% 1.21% 4.61% 2.17% 12.57%
2011 1.96% 2.28% -0.49% 2.04% 5.89%
2010 3.31% 2.11% 5.31% -0.15% 10.93%
2009 3.05% 13.22% 9.13% 2.19% 30.11%
2008 1.11% 0.50% -6.10% -6.03% -10.33%

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Type Assets
Investment Grade Corporate
High Yield Corporate
ABS
Bank Loans
CMBS
U.S. Government Related
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 04/30/2020

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

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

Portfolio Positioning as of 3/31/2020

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

Portfolio Details as of 04/30/2020

Total Net Assets
$2.58 B
Number of Issues
654
Average Coupon
4.79%
Average Life
9.6 Years
Average Maturity
9.6 Years
Average Effective Duration
5.92 Years

To view definitions for the above Portfolio Details, Click here.

Average Coupon - The weighted average annual rate of interest on a bond’s face value that the issuer agrees to pay the holder until maturity for all the securities in a portfolio.

Average Life - Measures how long it will take, on average, to receive the repayment of the principal amount on a debt security.  Average life is often used in connection with mortgage-backed securities as a measurement of the length of time, on average, before the underlying mortgages are paid, refinanced, or otherwise retired.

Average Effective Duration - The change in the value of a fixed income security that will result from a 1% change in interest rates, taking into account anticipated cash flow fluctuations from mortgage prepayments, puts, adjustable coupons, and potential call dates. Duration is expressed as a number of years, and generally, the larger a duration, the greater the interest-rate risk or reward for a portfolio’s underlying bond prices. Where applicable, certain investments, such as common or preferred stock, convertible bonds and convertible preferred stock, ETFs, ADRs, and CPI swaps and related futures, are excluded from these calculations.

Holding Coupon Maturity Assets
Verizon Communications, Inc. 3.010% 05/15/2025 1.4%
Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worl 4.700% 02/01/2036 1.3%
General Electric Co. 5.000% 12/31/2099 1.1%
AbbVie, Inc. 4.250% 11/21/2049 1.0%
CVS Caremark Corp. 4.300% 03/25/2028 0.9%
AT&T, Inc. 3.067% 06/12/2024 0.9%
Time Warner Cable LLC 7.300% 07/01/2038 0.8%
Equinix, Inc. 5.375% 05/15/2027 0.7%
PSEG Power LLC 8.625% 04/15/2031 0.6%
BAT Capital Corp 4.390% 08/15/2037 0.6%
% of Total Assets 9.3%
Holding Coupon Maturity Assets
U.S. Treasury Note/Bond0.500% 03/31/20252.6%
U.S. Treasury Note/Bond1.500% 02/15/20302.0%
Japan Treasury Discount Bill0.000% 04/13/20201.4%
Verizon Communications, Inc.3.010% 05/15/20251.3%
Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worl4.700% 02/01/20361.3%
AbbVie, Inc.4.250% 11/21/20491.1%
General Electric Co.5.000% 12/31/20991.0%
CVS Caremark Corp.4.300% 03/25/20280.9%
AT&T, Inc.3.067% 06/12/20240.9%
Time Warner Cable LLC7.300% 07/01/20380.8%
PSEG Power LLC8.625% 04/15/20310.7%
Equinix, Inc.5.375% 05/15/20270.6%
NBCUniversal Enterprise, Inc.5.250% 06/19/20990.6%
Altria Group, Inc.5.950% 02/14/20490.6%
BAT Capital Corp4.390% 08/15/20370.6%
AT&T, Inc.6.000% 08/15/20400.6%
General Motors Co.6.750% 04/01/20460.6%
UBS AG Registered Shares5.125% 05/15/20240.6%
Goldman Sachs Group, Inc.6.750% 10/01/20370.6%
Universal Health Services, Inc.4.750% 08/01/20220.6%
U.S. Treasury Note0.500% 04/15/20240.5%
Helmerich & Payne, Inc.4.650% 03/15/20250.5%
CVS Caremark Corp.4.780% 03/25/20380.5%
Danske Bank A/S5.375% 01/12/20240.5%
Cox Communications, Inc.8.375% 03/01/20390.5%
Bank of Ireland Group PLC4.125% 09/19/20270.5%
ENI SpA5.700% 10/01/20400.5%
Nvent Finance Sarl4.550% 04/15/20280.5%
Oracle Corp.2.500% 04/01/20250.5%
Bacardi Ltd.4.700% 05/15/20280.5%
CNO Financial Group, Inc.5.250% 05/30/20250.5%
Dell International LLC / EMC Corp.8.350% 07/15/20460.5%
Anheuser-Busch InBev Worldwide, Inc.4.750% 01/23/20290.4%
EPR Properties4.950% 04/15/20280.4%
National Australia Bank Ltd.3.933% 08/02/20340.4%
Las Vegas Sands Corp.3.900% 08/08/20290.4%
Wells Fargo Capital X5.950% 12/01/20860.4%
Bank of America Corp.4.450% 03/03/20260.4%
NGPL Pipeco LLC4.875% 08/15/20270.4%
Huntington Ingalls Industries, Inc.3.844% 05/01/20250.4%
NRG Energy, Inc.4.450% 06/15/20290.4%
Valero Energy Corp.10.500% 03/15/20390.4%
Catholic Health Initiatives3.347% 10/01/20290.4%
Boeing Co0.000% 02/06/20220.4%
Ally Financial, Inc.8.000% 11/01/20310.4%
Alimentation Couche-Tard, Inc.2.950% 01/25/20300.4%
Ford Motor Co.7.450% 07/16/20310.4%
Bank of America Corp.3.824% 01/20/20280.4%
CNH Capital LLC4.375% 04/05/20220.4%
Suncor Energy, Inc.7.875% 06/15/20260.4%
UBS AG7.625% 08/17/20220.4%
Oglethorpe Power Corp.5.950% 11/01/20390.4%
Smithfield Foods, Inc.5.200% 04/01/20290.4%
RPI Finance Trust2.627% 02/07/20250.4%
Macquarie Group Ltd.4.654% 03/27/20290.4%
DPL, Inc.4.350% 04/15/20290.3%
Ausgrid Finance Pty Ltd4.350% 08/01/20280.3%
DTE Electric Co2.625% 03/01/20310.3%
Aircastle Ltd.4.250% 06/15/20260.3%
HCA, Inc.5.500% 06/15/20470.3%
Teachers Insurance & Annuity Association of Americ4.900% 09/15/20440.3%
Baidu, Inc.3.875% 09/29/20230.3%
HCA, Inc.5.125% 06/15/20390.3%
Cigna Corp2.400% 03/15/20300.3%
TransAlta Corp.4.500% 11/15/20220.3%
Enbridge Energy Partners L.P.7.500% 04/15/20380.3%
Ecolab, Inc.4.800% 03/24/20300.3%
Discover Bank4.682% 08/09/20280.3%
Fresenius Medical Care US Finance II, Inc.5.875% 01/31/20220.3%
General Electric Co.6.150% 08/07/20370.3%
Freeport-McMoRan, Inc.5.450% 03/15/20430.3%
Santander UK plc7.950% 10/26/20290.3%
VEREIT Operating Partnership L.P.4.875% 06/01/20260.3%
FirstEnergy Transmission LLC4.550% 04/01/20490.3%
CNAC HK Finbridge Co Ltd4.125% 07/19/20270.3%
Williams Cos., Inc.8.750% 03/15/20320.3%
Dell International LLC / EMC Corp6.020% 06/15/20260.3%
Leidos, Inc.7.125% 07/01/20320.3%
Protective Life Corp.8.450% 10/15/20390.3%
MPLX L.P.5.250% 01/15/20250.3%
MPLX L.P.2.985% 09/09/20220.3%
Navient Corp.6.750% 06/25/20250.3%
Dollar Tree, Inc.4.200% 05/15/20280.3%
Trimble Navigation Ltd.4.900% 06/15/20280.3%
Centene Corp.4.625% 12/15/20290.3%
JBS USA LUX SA / JBS USA Food Co / JBS USA Finance6.500% 04/15/20290.3%
Kayne CLO 7 Ltd0.000% 04/17/20330.3%
Park Aerospace Holdings Ltd5.500% 02/15/20240.3%
New York and Presbyterian Hospital/The3.954% 08/01/21190.3%
Federal Home Loan Mortgage Corp.4.000% 10/01/20490.3%
U.S. Treasury Note/Bond2.000% 02/15/20500.3%
Universal Health Services, Inc.5.000% 06/01/20260.3%
Sprint Communications, Inc.3.500% 02/02/20240.3%
American Airlines Class B Pass Through Trust4.375% 10/01/20220.3%
Sabine Pass Liquefaction LLC5.625% 04/15/20230.3%
Netflix, Inc.3.625% 05/15/20270.3%
Burlington Northern Santa Fe LLC5.750% 05/01/20400.3%
National Fuel Gas Co.3.750% 03/01/20230.3%
SOUND POINT CLO XVII3.419% 10/20/20300.3%
Time Warner Entertainment Co. L.P.8.375% 07/15/20330.3%
Imperial Tobacco Finance plc3.875% 07/26/20290.3%
Wabtec Corp.4.700% 09/15/20280.3%
Consolidated Communications4.000% 10/05/20230.3%
Bank of Montreal3.803% 12/15/20320.3%
ZF North America Capital, Inc.4.750% 04/29/20250.3%
Cleco Power LLC6.000% 12/01/20400.3%
Royal Caribbean Cruises Ltd.7.500% 10/15/20270.3%
PVH Corp.7.750% 11/15/20230.3%
Elanco Animal Health Incorporated3.404% 02/04/20270.3%
U.S. Treasury Note/Bond2.375% 11/15/20490.3%
Playtika Holding Corp7.072% 12/03/20240.3%
WOW! (Wide Open West)4.250% 08/18/20230.3%
Continental Resources, Inc.5.000% 09/15/20220.3%
E*TRADE Financial Corp.5.875% 12/31/20990.3%
Anglo American Capital plc4.750% 04/10/20270.3%
Sabine Pass Liquefaction LLC5.875% 06/30/20260.3%
Cheniere Corpus Christi Holdings LLC7.000% 06/30/20240.2%
BX Commercial Mortgage Trust 2019-XL2.155% 10/15/20360.2%
Fox Corp5.476% 01/25/20390.2%
Aon plc8.205% 01/01/20270.2%
AerCap Ireland Capital Ltd.3.500% 01/15/20250.2%
Citigroup, Inc.2.666% 01/29/20310.2%
El Paso Electric Co.5.000% 12/01/20440.2%
Global Atlantic Fin Co4.400% 10/15/20290.2%
Shackleton 2019-XIV Clo Ltd3.719% 07/20/20300.2%
Walgreen Co.3.800% 11/18/20240.2%
Canadian Natural Resources Ltd.7.200% 01/15/20320.2%
Fresenius Medical Care US Finance II, Inc.4.750% 10/15/20240.2%
Assurant, Inc.3.700% 02/22/20300.2%
Wyndham Hotels & Resorts3.972% 03/28/20250.2%
Emera, Inc.6.750% 06/15/20760.2%
Broadcom Corp. / Broadcom Cayman Finance Ltd.3.875% 01/15/20270.2%
Brixmor Operating Partnership L.P.3.850% 02/01/20250.2%
BX Commercial Mortgage Trust 2019-XL2.705% 10/15/20360.2%
Kinross Gold Corp.4.500% 07/15/20270.2%
American Homes 4 Rent LP4.250% 02/15/20280.2%
Midwest Connector Capital Co LLC3.900% 04/01/20240.2%
Bayer US Finance II LLC3.875% 12/15/20230.2%
Emera US Finance L.P.4.750% 06/15/20460.2%
Bayer US Finance II LLC4.375% 12/15/20280.2%
Schlumberger Holdings Corp.0.000% 04/01/20200.2%
SL Green Operating Partnership L.P.3.250% 10/15/20220.2%
Tencent Holdings Ltd.3.595% 01/19/20280.2%
ALM VII Ltd3.681% 07/15/20290.2%
Mount Sinai Hospitals Group Inc3.737% 07/01/20490.2%
Neuberger Berman Group LLC4.875% 04/15/20450.2%
Westlake Automobile Receivables Trust 2020-12.520% 04/15/20250.2%
Steel Dynamics, Inc.5.000% 12/15/20260.2%
GATX Corp.4.550% 11/07/20280.2%
Webster Financial Corp.4.100% 03/25/20290.2%
Dominion Resources, Inc.3.375% 04/01/20300.2%
Air Medical Group Holdings, Inc.4.932% 04/28/20220.2%
Hess Corp.5.800% 04/01/20470.2%
Carnival plc7.875% 06/01/20270.2%
Enel Finance International N.V.2.750% 04/06/20230.2%
Dominion Resources, Inc.7.000% 06/15/20380.2%
BX Commercial Mortgage Trust 2019-XL2.505% 10/15/20360.2%
Kansas City Southern4.200% 11/15/20690.2%
Lloyds Bank plc6.500% 09/14/20200.2%
Morgan Stanley5.000% 11/24/20250.2%
Northwell Healthcare, Inc.3.979% 11/01/20460.2%
Owens Corning4.300% 07/15/20470.2%
Selective Insurance Group, Inc.5.375% 03/01/20490.2%
Bank of America Corp.2.559% 10/01/20210.2%
Weyerhaeuser Co.8.500% 01/15/20250.2%
JB y Co SA de CV3.750% 05/13/20250.2%
NextEra Energy Capital Holdings, Inc.2.630% 02/25/20220.2%
Glencore Finance Canada Ltd.5.550% 10/25/20420.2%
American Airlines Class B Pass Through Trust5.600% 07/15/20200.2%
Hanover Insurance Group, Inc.4.500% 04/15/20260.2%
Baidu, Inc.3.625% 07/06/20270.2%
Government National Mortgage Association2.600% 06/16/20570.2%
Venture XXIV CLO Ltd3.869% 10/20/20280.2%
Phosagro OAO via Phosagro Bond Funding Ltd3.949% 04/24/20230.2%
Patterson-UTI Energy, Inc.3.950% 02/01/20280.2%
Cleco Corp.4.973% 05/01/20460.2%
Bayer Corp6.650% 02/15/20280.2%
BlueMountain CLO 2016-1 Ltd3.169% 04/20/20270.2%
Puget Energy, Inc.3.650% 05/15/20250.2%
Origin Energy Finance Ltd.5.450% 10/14/20210.2%
Macquarie Bank Ltd.6.625% 04/07/20210.2%
Tenneco, Inc.5.000% 07/15/20260.2%
Cigna Corp6.125% 11/15/20410.2%
Equinix, Inc.5.875% 01/15/20260.2%
Marble Point CLO XVII Ltd2.196% 04/20/20330.2%
World Financial Network Credit Card Master Trust2.030% 04/15/20250.2%
Stanley Black & Decker, Inc.4.000% 03/15/20600.2%
PPL WEM Ltd./Western Power Distribution Ltd.5.375% 05/01/20210.2%
Owens Corning7.000% 12/01/20360.2%
Radian Group, Inc.4.875% 03/15/20270.2%
Visa, Inc.1.900% 04/15/20270.2%
Mountain View CLO 2017-1 LLC1.795% 10/16/20290.2%
Sabine Pass Liquefaction LLC5.750% 05/15/20240.2%
AI Aqua Merger Sub, Inc.4.322% 12/13/20230.2%
Halliburton Co.7.450% 09/15/20390.2%
Ameren Corp.3.500% 01/15/20310.2%
Hilcorp Energy L.P. / Hilcorp Finance Co.6.250% 11/01/20280.2%
Spirit AeroSystems, Inc.4.600% 06/15/20280.2%
Hudson Pacific Properties LP4.650% 04/01/20290.2%
Neuberger Berman Group LLC4.500% 03/15/20270.2%
Panera Bread Company2.750% 07/18/20220.2%
Centene Corp.3.375% 02/15/20300.2%
Waste Pro USA Inc5.500% 02/15/20260.2%
Diamondback Energy, Inc.5.375% 05/31/20250.2%
Front Range BidCo Inc4.000% 03/01/20270.2%
Apache Corp.5.100% 09/01/20400.2%
PFP 2019-6 Ltd2.805% 04/14/20370.2%
Southern Copper Corp.5.250% 11/08/20420.2%
Garda World Security Corp4.625% 02/15/20270.2%
Octagon Investment Partners 29 Ltd2.981% 01/24/20330.2%
Hardee's Funding LLC4.959% 06/20/20480.2%
Navient Corp.5.000% 03/15/20270.2%
Schaeffler Verwaltung Zwei GmbH4.750% 09/15/20260.2%
Spectra Energy Partners L.P.2.592% 06/05/20200.2%
Kaisa Group Holdings Ltd.9.375% 06/30/20240.2%
Flagship Credit Auto Trust 2019-14.080% 02/18/20250.2%
Carnival Corp.0.000% 09/04/20200.2%
Zimmer Biomet Holdings, Inc.5.750% 11/30/20390.2%
American Airlines Class B Pass Through Trust5.625% 01/15/20210.2%
Kennametal, Inc.4.625% 06/15/20280.2%
Range Resources Corp.5.000% 03/15/20230.2%
Allegany Park CLO Ltd5.534% 01/20/20330.2%
Vulcan Materials Co.2.230% 03/01/20210.2%
National Fuel Gas Co.4.900% 12/01/20210.2%
AerCap Ireland Capital Ltd.3.875% 01/23/20280.2%
Octagon Investment Partners 30 Ltd3.519% 03/17/20300.2%
Bahamas Government International Bond6.950% 11/20/20290.2%
Nationstar Mortgage Holdings, Inc.9.125% 07/15/20260.2%
Calpine Corp.5.500% 02/01/20240.2%
Brightsphere Investment Group Inc4.800% 07/27/20260.2%
Veritas5.950% 01/27/20230.2%
BBCMS 2019-BWAY Mortgage Trust2.315% 11/25/20340.1%
World Financial Network Credit Card Master Trust2.660% 08/15/20240.1%
CVS Caremark Corp.5.050% 03/25/20480.1%
NiSource, Inc.5.950% 06/15/20410.1%
BSPRT 2018-FL4 Issuer Ltd1.755% 09/15/20350.1%
BBVA Bancomer SA5.125% 01/18/20330.1%
Citigroup, Inc.3.887% 01/10/20280.1%
National Oilwell Varco, Inc.3.600% 12/01/20290.1%
Solera Finance, Inc.10.500% 03/01/20240.1%
National Oilwell Varco, Inc.3.950% 12/01/20420.1%
Foursight Capital Automobile Receivables Trust 2014.190% 11/15/20230.1%
Exelon Generation Co. LLC5.750% 10/01/20410.1%
Cheniere Corpus Christi Holdings LLC5.125% 06/30/20270.1%
Anglo American Capital plc4.500% 03/15/20280.1%
US Renal Care Inc10.625% 07/15/20270.1%
Duqesne Light Holdings, Inc.6.250% 08/15/20350.1%
Mississippi Power Co.4.250% 03/15/20420.1%
Geo Group, Inc.6.000% 04/15/20260.1%
Chobani LLC / Chobani Finance Corp Inc7.500% 04/15/20250.1%
Halliburton Co.2.920% 03/01/20300.1%
Sysco Corp.6.600% 04/01/20500.1%
Centene Corp.5.375% 06/01/20260.1%
Sempra Energy4.000% 02/01/20480.1%
Exelon Generation Co. LLC6.250% 10/01/20390.1%
Enbridge, Inc.6.000% 01/15/20770.1%
KKR CLO 18 Ltd3.527% 07/18/20300.1%
Cimarex Energy Co.4.375% 03/15/20290.1%
Baker Hughes a GE Co LLC / Baker Hughes Co-Obligor4.080% 12/15/20470.1%
Carlisle Cos., Inc.2.750% 03/01/20300.1%
Appalachian Power Co.7.000% 04/01/20380.1%
Healthcare Trust of America Holdings LP3.100% 02/15/20300.1%
Brand Energy & Infrastructure Services Inc8.500% 07/15/20250.1%
Daimler Finance North America LLC1.750% 03/10/20230.1%
Westpac Banking Corp.4.322% 11/23/20310.1%
Airxcel, Inc.5.489% 04/28/20250.1%
DTE Energy Co.6.375% 04/15/20330.1%
CSMC 2020-AFC1 Trust2.240% 02/25/20500.1%
Hardee's Funding LLC5.710% 06/20/20480.1%
BNP Paribas S.A.4.500% 02/25/21700.1%
JPMorgan Chase & Co.4.000% 12/31/20990.1%
Country Garden Holdings Co. Ltd.4.750% 09/28/20230.1%
Avolon Holdings Funding Ltd5.125% 10/01/20230.1%
Boeing Co.3.600% 05/01/20340.1%
Capital Auto Receivables Asset Trust 2018-12.790% 01/20/20220.1%
Jamestown CLO IX Ltd4.469% 10/20/20280.1%
Adient Global Holdings Ltd.4.875% 08/15/20260.1%
Freeport-McMoRan, Inc.4.250% 03/01/20300.1%
Lincoln National Corp.6.300% 10/09/20370.1%
Unum Group5.750% 08/15/20420.1%
Barclays Bank plc10.179% 06/12/20210.1%
Duke Energy Corp.4.200% 06/15/20490.1%
Enel Finance International N.V.4.250% 09/14/20230.1%
Spirit Realty LP3.400% 01/15/20300.1%
Signature Aviation US Holdings Inc4.000% 03/01/20280.1%
Valeant Pharmaceuticals International, Inc.6.125% 04/15/20250.1%
JPMorgan Chase & Co.4.600% 12/31/20990.1%
Westpac Banking Corp.4.110% 07/24/20340.1%
Hess Corp.5.600% 02/15/20410.1%
American Honda Finance Corp.0.000% 04/02/20200.1%
CEOC, LLC (aka Caesars Entertainment Operating Company)4.057% 10/07/20240.1%
GCI LLC6.875% 04/15/20250.1%
Resorts World Las Vegas LLC0.000% 04/16/20240.1%
Viking Cruises Ltd.5.875% 09/15/20270.1%
Imperial Tobacco Finance plc3.125% 07/26/20240.1%
CNH Capital LLC4.875% 04/01/20210.1%
Keurig Dr Pepper Inc.3.495% 02/08/20230.1%
Exelon Generation Co. LLC5.600% 06/15/20420.1%
Royal Caribbean Cruises Ltd.5.250% 11/15/20220.1%
Stericycle Inc0.000% 11/17/20220.1%
E*TRADE Financial Corp.4.500% 06/20/20280.1%
Energy Transfer Operating LP5.875% 01/15/20240.1%
Madison Park Funding XXXVI Ltd5.692% 01/15/20330.1%
Lincoln National Corp.7.000% 06/15/20400.1%
Provident Funding Associates L.P. / PFG Finance Co6.375% 06/15/20250.1%
Delta Air Lines, Inc.3.750% 10/28/20290.1%
Palmer Square Loan Funding 2018-1 Ltd2.431% 04/15/20260.1%
Nissan Motor Acceptance Corp.2.651% 09/28/20220.1%
MediArena Acquisition B.V. (fka AP NMT Acquisition B.V.)7.659% 08/13/20210.1%
Nielsen Finance LLC (VNU, Inc.)3.831% 10/04/20230.1%
U.S. Treasury Note/Bond3.625% 08/15/20430.1%
Perimeter Master Note Business Trust4.230% 05/15/20240.1%
Kilroy Realty L.P.4.375% 10/01/20250.1%
Occidental Petroleum Corp.7.875% 09/15/20310.1%
F-Brasile SpA / F-Brasile US LLC7.375% 08/15/20260.1%
North Texas Tollway Auth8.410% 02/01/20300.1%
ZF North America Capital, Inc.4.000% 04/29/20200.1%
Century Communities, Inc.5.875% 07/15/20250.1%
LYB Americas Finance Co3.445% 03/29/20220.1%
Interstate Power & Light Co3.500% 09/30/20490.1%
VMC Finance 2019-FL3 LLC1.900% 09/15/20360.1%
CPS Auto Trust4.610% 12/15/20220.1%
Hecla Mining Co.7.250% 02/15/20280.1%
Interstate Power & Light Co3.600% 04/01/20290.1%
Verus Securitization Trust 2020-12.417% 01/25/20600.1%
Ameriprise Financial, Inc.3.000% 04/02/20250.1%
Starfruit Finco BV / Starfruit US Holdco LLC8.000% 10/01/20260.1%
Sophia LP / Sophia Finance, Inc.9.000% 09/30/20230.1%
Panther BF Aggregator 2 LP / Panther Finance Co In8.500% 05/15/20270.1%
US Cellular Corp.6.700% 12/15/20330.1%
Sabal Trail Transmission LLC4.246% 05/01/20280.1%
Northwoods Capital 20 Ltd6.151% 01/25/20300.1%
ION Trading Technologies S.A.R.L.5.072% 11/21/20240.1%
AbbVie, Inc.4.875% 11/14/20480.1%
eBay, Inc.1.900% 03/11/20250.1%
Acadia Healthcare Co., Inc.5.625% 02/15/20230.1%
Continental Resources, Inc.4.900% 06/01/20440.1%
Buckeye Partners L.P.6.375% 01/22/20780.1%
Itron, Inc.5.000% 01/15/20260.1%
Citigroup, Inc.4.600% 03/09/20260.1%
Weibo Corp.3.500% 07/05/20240.1%
AerCap Ireland Capital Ltd.4.875% 01/16/20240.1%
Scientific Games International, Inc.6.625% 05/15/20210.1%
Cedar Funding VI CLO Ltd3.419% 10/20/20280.1%
Syngenta Wilmington, Inc.0.000% 04/06/20200.1%
Forterra, Inc.4.000% 10/25/20230.1%
Gulfstream Natural Gas System LLC4.600% 09/15/20250.1%
Conn's Receivables Funding 2017-B LLC5.950% 11/15/20220.1%
Newell Rubbermaid, Inc.3.850% 04/01/20230.1%
Cleveland Electric Illuminating Co.3.500% 04/01/20280.1%
Berry Petroleum Co.7.000% 02/15/20260.1%
Energy Transfer Operating LP9.000% 11/01/20240.1%
Deephaven Residential Mortgage Trust 2020-12.339% 01/25/20600.1%
CP VI Bella Midco, LLC3.739% 12/27/20240.1%
MPLX L.P.6.875% 12/31/20990.1%
Government National Mortgage Association2.700% 07/16/20570.1%
National Fuel Gas Co.3.950% 09/15/20270.1%
Mountain View CLO X Ltd3.198% 10/13/20270.1%
Syngenta Wilmington, Inc.0.000% 06/02/20200.1%
Northwoods Capital 20 Ltd4.701% 01/25/20300.1%
Walgreen Co.0.000% 07/24/20200.1%
Starwood Mortgage Residential Trust 2020-12.275% 02/25/20500.1%
Northrop Grumman Systems Corp.7.750% 02/15/20310.1%
Great Wolf Trust 2019-WOLF3.437% 12/15/20360.1%
Viper Energy Partners LP5.375% 11/01/20270.1%
Williams Scotsman International Inc7.875% 12/15/20220.1%
AbbVie, Inc.4.700% 05/14/20450.1%
Wells Fargo Commercial Mortgage Trust 2017-C413.785% 11/15/20500.1%
Exelon Corp.4.050% 04/15/20300.1%
AMMC CLO XIV Ltd3.494% 07/25/20290.1%
Freeport-McMoRan, Inc.5.250% 09/01/20290.1%
SURA Asset Management SA4.375% 04/11/20270.1%
Carnival Corp.0.000% 09/03/20200.1%
Capitol Investment Merger Sub 2 LLC10.000% 08/01/20240.1%
Sysco Corp.5.950% 04/01/20300.1%
BWAY Holding Co.7.250% 04/15/20250.1%
Wabash National Corp.5.500% 10/01/20250.1%
Shea Homes LP / Shea Homes Funding Corp.4.750% 02/15/20280.1%
Citizens Financial Group, Inc.4.150% 09/28/20220.1%
Hadrian Merger Sub Inc8.500% 05/01/20260.1%
Planet Fitness Master Issuer LLC3.858% 12/05/20490.1%
Acwa Power Management And Investments One Ltd5.950% 12/15/20390.1%
Uber Technologies Inc7.500% 11/01/20230.1%
Valmont Industries, Inc.5.250% 10/01/20540.1%
Hunt Cos Inc6.250% 02/15/20260.1%
Wells Fargo Commercial Mortgage Trust4.283% 07/15/20460.1%
Global Aircraft Leasing Co Ltd6.500% 09/15/20240.1%
BMW Vehicle Lease Trust 2019-12.790% 03/22/20210.1%
Texas Eastern Transmission L.P.4.125% 12/01/20200.1%
Macquarie Bank Ltd.4.875% 06/10/20250.1%
MediArena Acquisition B.V. (fka AP NMT Acquisition B.V.)10.908% 08/13/20220.1%
Government National Mortgage Association2.750% 02/16/20580.1%
Adani Transmission Ltd4.000% 08/03/20260.1%
Crown Castle International Corp.3.300% 07/01/20300.1%
Endeavor Energy Resources L.P.5.750% 01/30/20280.1%
Illinois, IL5.100% 06/01/20330.1%
Royal Caribbean Cruises Ltd.3.700% 03/15/20280.1%
Marathon Petroleum Corp.5.375% 10/01/20220.1%
Martin Marietta Materials, Inc.2.549% 05/22/20200.1%
Yum! Brands, Inc.6.875% 11/15/20370.1%
U.S. Treasury Note/Bond2.750% 11/15/20470.1%
Cheniere Corpus Christi Holdings LLC3.700% 11/15/20290.1%
Ford Motor Co3.335% 12/31/20220.1%
Charter Communications Operating LLC6.484% 10/23/20450.1%
Florida Power & Light Co.2.308% 05/06/20220.1%
Air Canada 2015-2 Class B Pass Through Trust5.000% 12/15/20230.1%
Salem Fields CLO Ltd 2016-23.494% 10/25/20280.1%
Ford Motor Credit Co. LLC5.584% 03/18/20240.1%
Synchrony Credit Card Master Note Trust2.820% 10/15/20250.1%
Sound Point Clo XV Ltd4.306% 01/23/20290.1%
CenturyLink, Inc.2.989% 01/28/20250.1%
Jamestown CLO VII Ltd.3.094% 07/25/20270.1%
Madison Park Funding XXXVI Ltd4.542% 01/15/20330.1%
Granite US Holdings Corp11.000% 10/01/20270.1%
KazMunayGas National Co.6.375% 10/24/20480.1%
HPS Loan Management 10-2016 Ltd3.569% 01/20/20280.1%
Triumph Group, Inc.7.750% 08/15/20250.1%
MPLX L.P.6.250% 10/15/20220.1%
Seven Generations Energy Ltd.6.875% 06/30/20230.1%
Scientific Games International, Inc.4.246% 08/14/20240.1%
Canadian Pacific Railway Co.7.125% 10/15/20310.1%
Ford Motor Credit Co. LLC5.113% 05/03/20290.1%
Nationstar Mortgage Holdings, Inc.6.000% 01/15/20270.1%
Nissan Motor Acceptance Corp.1.261% 03/15/20210.1%
Healthcare Realty Trust, Inc.2.400% 03/15/20300.1%
Science Applications Intern3.239% 03/05/20270.1%
Government National Mortgage Association2.600% 07/16/20580.1%
DISH DBS Corp.5.125% 05/01/20200.1%
EPR Properties4.500% 04/01/20250.1%
MHP Lux SA6.950% 04/03/20260.1%
Yingde Gases Investment Ltd6.250% 01/19/20230.1%
New York St Electric & Gas Corp.3.300% 09/15/20490.1%
Turkiye Vakiflar Bankasi Tao5.750% 01/30/20230.1%
SL Green Realty Corp.4.500% 12/01/20220.1%
Bill Barrett Corp.7.000% 10/15/20220.1%
Regatta VI Funding Ltd3.869% 07/20/20280.1%
Scientific Games International, Inc.7.250% 11/15/20290.1%
Spirit Realty LP4.000% 07/15/20290.1%
GCAT 2019-NQM2 Trust2.247% 01/25/20600.1%
Minejesa Capital BV5.625% 08/10/20370.1%
China Evergrande Group10.000% 04/11/20230.1%
CARLYLE US CLO 2019-4 LTD5.878% 01/15/20330.1%
Mohegan Tribal Gaming Authority7.875% 10/15/20240.1%
AT&T, Inc.2.875% 02/18/21700.1%
Citigroup, Inc.3.668% 07/24/20280.1%
Hayward Acquisition Corp.4.489% 08/05/20240.1%
VA Electric & Power Co.8.875% 11/15/20380.1%
JPMBB Commercial Mortgage Securities Trust4.269% 07/15/20480.1%
COMM Mortgage Trust4.435% 07/10/20500.1%
MEG Energy Corp.6.500% 01/15/20250.1%
Stericycle Inc3.075% 11/17/20220.1%
MEG Energy Corp.7.000% 03/31/20240.1%
Angel Oak Mortgage Trust 2020-12.466% 12/25/20590.1%
Palmer Square Loan Funding 2018-1 Ltd2.881% 04/15/20260.1%
Southern Star Central Corp.5.125% 07/15/20220.1%
Front Range BidCo Inc6.125% 03/01/20280.1%
Laredo Petroleum Holdings, Inc.10.125% 01/15/20280.1%
Benefit Street Partners CLO XIX Ltd5.678% 01/15/20330.1%
Glencore Funding LLC4.125% 05/30/20230.1%
Oztel Holdings SPC Ltd6.625% 04/24/20280.1%
PVH Corp.0.000% 05/19/20200.1%
CPG Merger Sub LLC8.000% 10/01/20210.1%
SM Energy Co.6.625% 01/15/20270.1%
Eldorado Resorts, Inc.6.000% 09/15/20260.1%
Bank Leumi Le-Israel BM3.275% 01/29/20310.1%
E*TRADE Financial Corp.3.800% 08/24/20270.1%
Bahamas Government International Bond6.000% 11/21/20280.1%
Range Resources Corp.5.000% 08/15/20220.1%
Centennial Resource Production LLC6.875% 04/01/20270.1%
Benefit Street Partners Clo XII Ltd4.881% 10/15/20300.1%
American Airlines Group, Inc.3.750% 03/01/20250.1%
Sysco Corp.6.600% 04/01/20400.1%
Glencore Funding LLC0.000% 04/20/20200.1%
New Residential Mortgage Loan Trust 2020-NQM12.464% 01/26/20600.1%
Titan International, Inc.6.500% 11/30/20230.1%
Forestar Group, Inc.5.000% 03/01/20280.1%
MidOcean Credit CLO VI3.719% 01/20/20290.1%
SAIC, Inc.5.950% 12/01/20400.1%
Valeant Pharmaceuticals International, Inc.5.000% 01/30/20280.1%
WeWork Cos Inc7.875% 05/01/20250.1%
Thacher Park CLO Ltd.2.979% 10/20/20260.1%
BAT International Finance plc0.000% 04/03/20200.1%
Booz Allen Hamilton, Inc.5.125% 05/01/20250.1%
Prosus NV3.680% 01/21/20300.1%
Syngenta Finance NV4.441% 04/24/20230.1%
COMM 2016-COR1 Mortgage Trust3.494% 10/10/20490.1%
Avery Point CLO Ltd.3.394% 04/25/20260.1%
General Motors Financial Co., Inc.0.000% 04/24/20200.1%
Calpine Corp.5.750% 01/15/20250.1%
Diebold, Inc.8.500% 04/15/20240.1%
YPF S.A.6.950% 07/21/20270.1%
EagleView Technology Corporation5.113% 08/14/20250.1%
BAE Systems Finance Inc7.500% 07/01/20270.0%
BlueMountain CLO 2013-1 Ltd3.569% 01/20/20290.0%
Duqesne Light Holdings, Inc.6.400% 09/15/20200.0%
Genesys Telecommunications Laboratories Inc/Greene10.000% 11/30/20240.0%
OHA Loan Funding Ltd.4.342% 11/15/20320.0%
Mountain Hawk III CLO Ltd.3.019% 04/18/20250.0%
Illinois, IL4.950% 06/01/20230.0%
Matador Resources Co.5.875% 09/15/20260.0%
ING Groep NV5.750% 09/10/21690.0%
Lockheed Martin Corp.7.750% 05/01/20260.0%
Southwestern Public Svc Co.4.500% 08/15/20410.0%
Bowman Park CLO Ltd.2.863% 11/23/20250.0%
Financial & Risk US Hold5.732% 10/01/20250.0%
Aroundtown SA5.375% 03/21/20290.0%
MPH Acquisition Holdings LLC4.200% 06/07/20230.0%
Valeant Pharmaceuticals International, Inc.7.000% 03/15/20240.0%
Oasis Petroleum, Inc.6.875% 03/15/20220.0%
Oglethorpe Power Corp.4.200% 12/01/20420.0%
McCormick & Co., Inc.0.000% 04/09/20200.0%
Broadcom Inc2.916% 11/04/20240.0%
Citigroup, Inc.5.950% 12/31/20990.0%
Turkiye Vakiflar Bankasi Tao5.625% 05/30/20220.0%
Palmer Square Loan Funding 2018-1 Ltd3.231% 04/15/20260.0%
Yum! Brands, Inc.7.750% 04/01/20250.0%
FirstEnergy Transmission LLC4.350% 01/15/20250.0%
Regatta XVI Funding Ltd5.803% 01/15/20330.0%
QEP Resources, Inc.6.875% 03/01/20210.0%
Regatta XVI Funding Ltd4.603% 01/15/20330.0%
California Republic Auto Receivables Trust 2015-43.730% 11/15/20210.0%
Macquarie Bank Ltd./London6.125% 03/08/21670.0%
Rede D'or Finance Sarl4.950% 01/17/20280.0%
QEP Resources, Inc.5.375% 10/01/20220.0%
Boral Finance Pty Ltd3.000% 11/01/20220.0%
MEG Energy Corp.7.125% 02/01/20270.0%
Neuberger Berman Loan Advisers CLO 35 Ltd5.603% 01/19/20330.0%
Compass Bank3.875% 04/10/20250.0%
General Motors Financial Co., Inc.0.000% 04/01/20200.0%
Carrier Global Corp3.577% 04/05/20500.0%
Cent CLO Ltd.3.105% 10/29/20250.0%
Residential Mortgage Loan Trust 2020-12.376% 02/25/20240.0%
Joseph T Ryerson & Son, Inc.11.000% 05/15/20220.0%
Galaxy XXI CLO Ltd2.839% 04/20/20310.0%
Smithfield Foods, Inc.3.350% 02/01/20220.0%
ZF North America Capital, Inc.4.500% 04/29/20220.0%
DRB Prime Student Loan Trust3.200% 01/25/20400.0%
Enterprise Development Authority/The12.000% 07/15/20240.0%
Studio City Co Ltd7.250% 11/30/20210.0%
Builders FirstSource, Inc.5.000% 03/01/20300.0%
Danske Bank A/S4.375% 06/12/20280.0%
Palmer Square Loan Funding 2018-5 Ltd3.219% 01/20/20270.0%
GS Mortgage Securities Trust4.427% 07/10/20480.0%
Halliburton Co.3.800% 11/15/20250.0%
Benefit Street Partners CLO XIX Ltd4.478% 01/15/20330.0%
ACC Trust 2018-16.810% 02/21/20230.0%
Navios South American Logistics Inc / Navios Logis7.250% 05/01/20220.0%
Jabil, Inc.0.000% 05/01/20200.0%
Invitation Homes, Inc.3.589% 02/06/20220.0%
General Electric Co.2.271% 05/05/20260.0%
CSX Corporation, Inc.7.875% 05/15/20430.0%
NOVA Chemicals Corp.5.250% 08/01/20230.0%
Enterprise Fleet Financing LLC2.870% 10/20/20230.0%
Country Garden Holdings Co. Ltd.4.750% 01/17/20230.0%
Elevation CLO 2014-2 Ltd5.031% 10/15/20290.0%
Halcyon Loan Advisors Funding Ltd.3.944% 07/25/20270.0%
GS Mortgage Securities Trust1.417% 06/10/20460.0%
MHP Lux SA6.250% 09/19/20290.0%
BAT Capital Corp4.700% 04/02/20270.0%
ACC Trust 2018-14.820% 05/20/20210.0%
Glencore Funding LLC3.000% 10/27/20220.0%
Apex Credit CLO 2017 Ltd3.751% 04/24/20290.0%
CIFC Funding 2019-VI Ltd5.857% 01/16/20330.0%
GS Mortgage Securities Trust0.518% 06/10/20460.0%
Metropolitan Edison Co.4.000% 04/15/20250.0%
Science Applications International Corp4.875% 04/01/20280.0%
BAT Capital Corp3.557% 08/15/20270.0%
Aston Martin Capital Holdings Ltd6.500% 04/15/20220.0%
Diamondback Energy, Inc.2.875% 12/01/20240.0%
Apex Credit CLO 2016 Ltd3.644% 10/27/20280.0%
Avis Budget Rental Car Funding2.630% 12/20/20210.0%
SCF Equipment Leasing 2017-2 LLC3.410% 12/20/20230.0%
Illinois, IL5.520% 04/01/20380.0%
Santander Drive Auto Receivables Trust 2016-14.020% 04/15/20220.0%
Lockheed Martin Tactical Systems Inc7.625% 06/15/20250.0%
Callon Petroleum Co.6.250% 04/15/20230.0%
Viking Cruises Ltd.6.250% 05/15/20250.0%
McDonald's Corp.3.300% 07/01/20250.0%
Ovintiv Inc0.000% 04/01/20200.0%
Syngenta Wilmington, Inc.0.000% 05/29/20200.0%
SCANA Corp.6.250% 04/01/20200.0%
Glencore Finance Canada Ltd.4.250% 10/25/20220.0%
Callon Petroleum Co.6.375% 07/01/20260.0%
General Motors Financial Co., Inc.4.250% 05/15/20230.0%
Crown Castle International Corp.4.150% 07/01/20500.0%
PG&E Corp5.029% 12/31/20200.0%
Doncasters US Finance LLC (Doncasters US LLC)8.500% 03/31/20240.0%
Eldorado Resorts, Inc.4.553% 04/17/20240.0%
Occidental Petroleum Corp.2.700% 08/15/20220.0%
Drive Auto Receivables Trust4.180% 03/15/20240.0%
Canadian Pacific Railway Co.9.450% 08/01/20210.0%
Motion Bondco DAC6.625% 11/15/20270.0%
El Paso Electric Co.6.000% 05/15/20350.0%
Triumph Group, Inc.5.250% 06/01/20220.0%
Parsley Energy LLC5.375% 01/15/20250.0%
Government National Mortgage Association0.624% 07/16/20540.0%
Merrill Lynch Mortgage Investors Trust Series6.250% 10/25/20360.0%
Hudsons Bay Simon JV Trust0.541% 08/05/20340.0%
Avery Point CLO Ltd.2.816% 07/17/20260.0%
SM Energy Co.6.125% 11/15/20220.0%
EnCana Corp.0.000% 04/09/20200.0%
Kinetic Concepts, Inc. / KCI USA, Inc.12.500% 11/01/20210.0%
Seneca Park CLO Ltd.2.956% 07/17/20260.0%
ConAgra Brands, Inc.2.552% 10/22/20200.0%
Anheuser-Busch InBev Worldwide, Inc.8.200% 01/15/20390.0%
Chaparral Energy, Inc.8.750% 07/15/20230.0%
GS Mortgage Securities Trust0.182% 11/10/20480.0%
Piedmont Natural Gas Co., Inc.3.640% 11/01/20460.0%
Doncasters US Finance LLC (Doncasters US LLC)0.500% 03/31/20250.0%
Leidos, Inc.5.500% 07/01/20330.0%
Public Service Co. of New Mexico3.850% 08/01/20250.0%
Valero Energy Corp.7.500% 04/15/20320.0%
Delta Air Lines, Inc.2.900% 10/28/20240.0%
WFRBS Commercial Mortgage Trust0.961% 05/15/20470.0%
UTEX Industries8.250% 05/22/20220.0%
Cigna Corp4.800% 07/15/20460.0%
Sequoia Mortgage Trust 2012-42.069% 09/25/20420.0%
General Electric Co.3.375% 03/11/20240.0%
Smithfield Foods, Inc.0.000% 04/22/20200.0%
Cigna Corp0.000% 04/02/20200.0%
Delmarva Power & Light Co0.000% 04/13/20200.0%
UTEX Industries5.000% 05/22/20210.0%
Hudsons Bay Simon JV Trust0.493% 08/05/20340.0%
Interstate Power & Light Co4.700% 10/15/20430.0%
Pentair Finance SA4.500% 07/01/20290.0%
Callon Petroleum Co.6.125% 10/01/20240.0%
FX USD/EUR 06/200.000% 06/09/20200.0%
Suncor Energy Ventures Corp4.500% 04/01/20220.0%
Diamond Resorts Owner Trust3.080% 11/20/20280.0%
Callon Petroleum Co.8.250% 07/15/20250.0%
Occidental Petroleum Corp.3.142% 08/15/20220.0%
Phillips 662.751% 04/15/20200.0%
JPMBB Commercial Mortgage Securities Trust0.750% 04/15/20470.0%
WFRBS Commercial Mortgage Trust0.572% 05/15/20470.0%
Tapstone Energy LLC / Tapstone Energy Finance Corp9.750% 06/01/20220.0%
Chaparral Energy, Inc.0.000% -0.0%
Occidental Petroleum Corp.2.600% 04/15/20220.0%
JPMBB Commercial Mortgage Securities Trust0.284% 04/15/20470.0%
Afren plc10.250% 04/08/20220.0%
Drive Auto Receivables Trust 2019-22.930% 03/15/20220.0%
OneMain Financial Issuance Trust 2016-1A3.660% 02/20/20290.0%
Templar Energy LLC0.000% -0.0%
Federal Home Loan Mortgage Corp.0.000% 08/15/20220.0%
Afren plc6.625% 12/09/20200.0%
FX EUR/USD 06/200.000% 06/09/20200.0%
OGX Austria GmbH8.500% 06/01/20190.0%
Templar Energy LLC0.000% -0.0%
US 10YR NOTE (CBT)JUN200.000% 06/30/20200.0%
US LONG BOND(CBT) JUN200.000% 06/30/20200.0%
US ULTRA BOND CBT JUN200.000% 06/30/20200.0%
EURO-SCHATZ FUT JUN200.000% 06/10/20200.0%
Federal Home Loan Mortgage Corp.544.714% 12/15/20200.0%
Federal Home Loan Mortgage Corp.1185.497% 09/15/20210.0%
Federal Home Loan Mortgage Corp.982.654% 04/15/20220.0%
Federal Home Loan Mortgage Corp.1195.607% 04/15/20210.0%
Federal Home Loan Mortgage Corp.1007.780% 05/15/20210.0%
Federal Home Loan Mortgage Corp.1008.400% 11/15/20210.0%
Federal Home Loan Mortgage Corp.0.000% 10/15/20210.0%
Federal Home Loan Mortgage Corp.0.000% 06/15/20210.0%
Federal Home Loan Mortgage Corp.0.000% 07/01/20220.0%
Federal Home Loan Mortgage Corp.0.000% 09/15/20220.0%
Federal Home Loan Mortgage Corp.1007.000% 02/15/20220.0%
Federal Home Loan Mortgage Corp.1008.500% 04/15/20210.0%
Federal Home Loan Mortgage Corp.409.000% 04/15/20210.0%
Federal Home Loan Mortgage Corp.900.950% 12/15/20200.0%
Federal National Mortgage Assoc.0.000% 04/25/20220.0%
Federal National Mortgage Assoc.9.500% 08/25/20210.0%
Federal National Mortgage Assoc.1008.000% 12/25/20210.0%
US 10YR ULTRA FUT JUN200.000% 06/30/20200.0%
US 5YR NOTE (CBT) JUN200.000% 07/06/20200.0%
US 2YR NOTE (CBT) JUN200.000% 07/06/20200.0%
FX USD/JPY 04/200.000% 04/13/20200.0%
Credit Index Swap5.000% 12/20/2024-0.3%

Aggregate holdings are updated monthly, 30 days after month end. Aggregate holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest, and may not be representative of the Fund's current or future investments. The figures presented are as of the date shown and may change at any time.

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 05/29/2020
$0.034
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 05/31/2020 $0.00855 $2.83
Daily Daily 04/30/2020 $0.00902 $2.76
Daily Daily 03/31/2020 $0.00874 $2.63
Daily Daily 02/29/2020 $0.00809 $2.98
Daily Daily 01/31/2020 $0.00825 $2.97

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 05/31/2020
Daily Daily 06/30/2020
Daily Daily 07/31/2020
Daily Daily 08/31/2020
Daily Daily 09/30/2020
Daily Daily 10/31/2020
Daily Daily 11/30/2020
Daily Daily 12/31/2020

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 $2.88
*

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
12/17/2020 12/18/2020

Fees & Expenses

Fees & Expenses

Expense Ratioas of 04/30/2020

1.07%

Fund Documents

Fund Documents

Download fund documents & literature, create email subscriptions, and place direct mail order

0Documents selected
Order
Summary Prospectus
Publish Date:11/03/2015
n/a
Statutory Prospectus
Publish Date:11/03/2015
n/a
Prospectus (XBRL)
Publish Date:11/03/2015
SAI
Publish Date:11/03/2015
Annual Report
Publish Date:11/03/2015
Semi-Annual Report
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015
Commentary
Publish Date:11/03/2015
Fund Story
Publish Date:11/03/2015
Publish Date:11/03/2015

To order literature visit full website

You may add to your cart by selecting quantities in each row below.

No rows selected. Please Go back and select at least one fund document

 
 Quantity
Quantity
 Remove
Remove

* Barron’s Top Fund Families of 2019, February 14, 2020, #5 in the Taxable Bond Category among 55 fund families. Based on the net total return of the one−year period ending 12/31/2019. #14 Overall ranking among 55 qualifying fund families based on the net total return of the one-year period ending 12/31/2019. Five-year Overall ranking is #30 out of 52 fund families; 10-year Overall ranking is #33 out of 45 fund families.

 

Source: Barron’s, “Barron’s Top Fund Families of 2019,” February 14, 2020. Barron’s rankings are based on asset weighted returns in funds in five categories: U.S. equity, world equity (including international and global portfolios), mixed asset (which invest in stocks, bonds and other securities), taxable bond, and tax-exempt (each a "Barron's ranking category"). Rankings also take into account an individual fund's performance within its Lipper peer universe. Lipper calculated each fund's net total return for the year ended December 31, 2019, minus the effects of 12b-1 fees and sales charges. Each fund in the survey was given a percentile ranking with 100 the highest and 1 the lowest in its category. That ranking measured how a fund compared with its peer "universe," as tracked by Lipper, not just the funds in the survey. Individual fund scores were then multiplied by the 2019 weighting of their Barron's ranking category as determined by the entire Lipper universe of funds. Those fund scores were then totaled, creating an overall score and ranking for each fund family in the survey in each Barron's ranking category. The process is repeated for the five- and ten-year rankings as well. Barron's Fund Family Rankings are awarded annually.

 

© Reuters 2020. All Rights Reserved. Lipper Analytical Services, Inc. is an independent mutual fund research and rating service. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper.

 

+

Minimum initial investment varies depending on the class of shares you buy and the type of account. IRAs, SIMPLEs, and SEP accounts with payroll deductions have no minimums. Please see Fund prospectuses for additional information.      

                    

1

Dividend Yield is a financial ratio that shows how much a mutual fund pays out in dividends each year relative to value with maximum sales charges and without sales charges. The dividend yield is calculated by annualizing the last dividend and dividing it by the fund’s net asset value with maximum sales charges and without sales charges.

 

2

The 30-Day Standardized Yield represents net investment income earned by a fund over a 30-day period. It is expressed as an annual percentage rate using a method of calculation adopted by the Securities and Exchange Commission (SEC). Yields for other share classes will vary.

 

3

The Fund’s Dividend Yield, 12-Month Dividend Yield and 7 Day Yield are shown with and without sales charges and with maximum sales charges. The Fund’s Subsidized Dividend yield takes into account any fee waiver or expense limitation arrangements, if any. Without such fee waivers or expense limitation arrangements, the Fund’s dividend yield would have been lower. Information regarding any fee waivers or expense limitation arrangements applicable to the Fund is provided with the Fund’s expense ratio information.

 

4

The Fund’s Unsubsidized Dividend yield is shown without sales charges and with maximum sales charges. The Fund’s unsubsidized dividend yield reflects what the yield would have been without the effect of fee waivers or expense limitation arrangements.

 

5

The 30-day Standardized Subsidized yield reflects fee waivers in effect. Without such fee waivers, yields would be reduced.  

 

6

The 30-day Standardized Unsubsidized yield does not reflect fee waivers.

 

IMPORTANT INFORMATION

 

A Note about Risk: The Fund is subject to the general risks associated with investing in debt securities, including market, credit, liquidity, and interest rate risk. The value of an investment will change as interest rates fluctuate and in response to market movements. When interest rates fall, the prices of debt securities tend to rise, and when interest rates rise, the prices of debt securities are likely to decline. Debt securities are subject to credit risk, which is the risk that the issuer will fail to make timely payments of interest and principal to the Fund. The Fund may invest in high yield, lower-rated debt securities, sometimes called junk bonds, and may involve greater risks than higher-rated debt securities. These securities carry increased risks of price volatility, illiquidity, and the possibility of default in the timely payment of interest and principal. The Fund may invest in foreign or emerging market securities, which may be adversely affected by economic, political, or regulatory factors and subject to currency volatility and greater liquidity risk. The Fund may invest in derivatives, which are subject to greater liquidity, leverage, and counterparty risk. The Fund may also invest in convertible securities and senior loans, which are subject to increased credit and liquidity risks. These factors can affect Fund performance.

 

Performance data quoted is historical. Past performance is not indicative of future results. Current performance may be higher or lower than the performance quoted. The investment return and principal value of an investment in the Fund will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than their original cost. To obtain performance data current to the most recent quarter-end, go to quarter ending performance on our Website or call Lord Abbett at (888) 522-2388.

 

 

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by Standard & Poor’s Financial Services, LLC, and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, © 2011 American Bankers Association. “CUSIP” is a registered trademark of the American Bankers Association.

 

Class R3 - The performance quotations for Class R3 reflect the following methods of calculation: (a) for periods prior to the inception date for Class R3, a restated figure is used based on the Fund's Class A performance, excluding the effect of Class A's maximum sales charge (which does not apply to Class R3, adjusted to reflect the Rule 12b-1 rate differential between Class A and Class R3, which has a higher 12b-1 fee than Class A; and (b) for periods after the inception date for Class R3, actual Class R3 performance is used reflecting all charges and fees applicable to Class R3 shares. Hypothetical performance data for Class R3, as measured from since inception of the Fund using the methodology described above, is not available if the Class A inception date is equal or greater than ten years old. Please refer to the Class R3 performance information for the inception date for Class R3. Please refer to the Class A performance information for the inception date for Class A.

Class R3 shares are only offered to certain eligible investors.  For additional information, see the Fund’s current prospectus.

With Sales Charge - Returns with sales charges reflect applicable fees and expenses and include all distributions reinvested.

 

Without Sales Charge - Returns shown are without sales charges and have all distributions reinvested. If a sales charge had been deducted, the results would have been lower.

 

Returns shown at less than a year reflect aggregate total returns.

 

Double-Digit Returns - instances of high double-digit returns were achieved primarily during favorable market conditions and may not be sustainable over time.   

 

The Fund changed its investment strategy on 01/01/1982. Performance is calculated from this date. In addition, the Fund amended it s strategy on December 14, 2007. The historical performance shown of the Fund prior to December 14, 2007, reflects periods when the Fund pursued its previous investment strategy. The change in investment approach may affect the Fund’s performance in the future.

 

The Bloomberg Barclays U.S. Credit Bond Index is the U.S. Credit component of the U.S. Government/Credit index. The index includes publicly issued U.S. corporate and specified foreign debentures and secured notes that meet the specified maturity, liquidity, and quality requirements. To qualify, bonds must be SEC-registered. The index includes both corporate and non-corporate sectors. The corporate sectors are Industrial, Utility, and Finance, which include both U.S. and non-U.S. corporations. The non-corporate sectors are Sovereign, Supranational, Foreign Agency, and Foreign Local Government. All returns are market value-weighted inclusive of accrued interest.

Indexes reflect total return, unless otherwise specified, with all dividends reinvested. Indexes are unmanaged, do not reflect the deduction of fees or expenses, and are not available for direct investment.

 

Lipper Category Average - Peer group averages are based on universes of funds with the same investment objectives. The average return for the peer group is based on the returns of each individual fund within the group for the period shown. This average assumes reinvestment of dividends.

 

Fund Expense Ratio Detail: Reflects expenses for the Fund's fiscal year-end and is subject to change. Fund expenses may fluctuate with market volatility. A substantial reduction in Fund assets (since its most recently completed fiscal year), whether caused by market conditions or significant redemptions or both, will likely cause total operating expenses (as a percentage of Fund assets) to become higher than those shown.

 

 

Lipper Category Average Expense Ratio reflects the average net expenses of Class A shares of all funds with in the peer group based on Lipper data available.

 

The Fund's portfolio is actively managed and portfolio characteristics, such as individual holdings and sector weightings may change significantly over time. The portfolio data is for information only. It does not constitute a recommendation or an offer for a particular security or fund, nor should it be taken as a solicitation or recommendation to buy or sell securities or other investments.  

 

Dividends and Capital Gains: The information presented in this section is intended for general information and is not intended to be relied upon and should not be relied upon, as financial, legal or tax advice for any particular investor. We strongly recommend that you contact your financial, legal or tax advisor regarding your particular tax situation.

The information presented in this section is not written or intended to be used, and cannot be used, for the purpose of avoiding any tax liabilities or penalties.

Select funds to run a Morningstar Hypothetical Report.

    Please confirm your literature shipping address

    Please review the address information below and make any necessary changes.

    All literature orders will be shipped to the address that you enter below. This information can be edited at any time.

    Current Literature Shipping Address

    * Required field