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Income Fund

Daily price w/o sales charge as of 07/23/2019

$2.87

$0.00

YTD Returns w/o sales charge as of 07/23/2019

8.98%

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

Click here to view all legal text including risk information

Summary

Summary

What is the Income Fund?

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

FOCUS ON CORPORATE CREDIT

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

BUILT ON INTENSIVE RESEARCH

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

IDENTIFY INCOME

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

Yield

Dividend Yield 1 as of 07/23/2019  

w/o sales charge 3.67%

30-Day Standardized Yield 2 as of 06/30/2019  

3.05%

Fund Basicsas of 06/28/2019

Total Net Assets
$2.41 B
Inception Date
07/02/2008
Dividend Frequency
Monthly
Fund Expense Ratio
1.07%
Number of Holdings
673

Fund Expense Ratio :

1.07%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/02/2008
w/o sales charge 8.74% 8.09% 4.33% 3.26% 6.39% 6.08%
Lipper Category Avg. Corporate Debt Funds BBB-Rated 9.07% 9.43% 3.59% 3.48% 5.76% -
Bloomberg Barclays U.S. Credit Bond Index 9.35% 10.34% 3.74% 3.92% 5.77% 5.61%

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 8.74% 8.09% 4.33% 3.26% 6.39% 6.08%
Lipper Category Avg. Corporate Debt Funds BBB-Rated 9.07% 9.43% 3.59% 3.48% 5.76% -
Bloomberg Barclays U.S. Credit Bond Index 9.35% 10.34% 3.74% 3.92% 5.77% 5.61%

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
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 06/28/2019 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 67 Investment Professionals with 15 Years Avg. Industry Experience

Contact a Representative

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

Performance

Performance

Dividend Yield 1 as of 07/23/2019  

w/o sales charge 3.67%

30-Day Standardized Yield 2 as of 06/30/2019  

  Subsidized5 Un-Subsidized6
w/o sales charge 3.05% 3.05%

Fund Expense Ratio :

1.07%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/02/2008
w/o sales charge 8.74% 8.09% 4.33% 3.26% 6.39% 6.08%
Lipper Category Avg. Corporate Debt Funds BBB-Rated 9.07% 9.43% 3.59% 3.48% 5.76% -
Bloomberg Barclays U.S. Credit Bond Index 9.35% 10.34% 3.74% 3.92% 5.77% 5.61%

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 8.74% 8.09% 4.33% 3.26% 6.39% 6.08%
Lipper Category Avg. Corporate Debt Funds BBB-Rated 9.07% 9.43% 3.59% 3.48% 5.76% -
Bloomberg Barclays U.S. Credit Bond Index 9.35% 10.34% 3.74% 3.92% 5.77% 5.61%

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
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% 16.04%
2008 -10.33% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2019 4.73% 3.83% - - 8.98%
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
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 06/28/2019

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 06/30/2019

  • Following strong performance and spread tightening in April, we reduced the portfolio’s allocation to investment grade corporate bonds, taking gains on our overweight position within the energy and the consumer discretionary sector. After the sell-off in May, we added back to investment grade corporate bonds as valuations became more attractive.
  • We increased the portfolio’s positioning within the consumer staples sector, specifically adding to issuers that have recently experienced a leverage event, such as an acquisition, and, therefore, we believe, are unlikely to do so in the near future. We anticipate the consumer staples sector will hold up in a recessionary environment given its non-cyclical orientation.
  • We increased the portfolio’s allocation to the consumer cyclicals sector. In particular, we increased the portfolio’s exposure to a stable American automotive company, as we maintain a positive view on the company’s management and believe investors’ concerns over trade-war related issues within the auto industry are overstated.
  • We reduced the portfolio’s allocation within the communication sector. A few communications issuers experienced spread compression following mergers. This allowed us to take profits and reallocate our exposure within other sectors.
  • We reduced the portfolio’s modest allocation to asset-backed securities (“ABS”) that are backed by student loans and credit card receivables. While we continue to maintain a favorable view on ABS, we were able to take profits and reallocate our ABS positioning following the volatility that occurred within risk assets during May, which resulted in tighter ABS spreads relative to corporate bonds.

Portfolio Details as of 06/28/2019

Total Net Assets
$2.41 B
Number of Issues
673
Average Coupon
5.02%
Average Life
8.28 Years
Average Maturity
8.28 Years
Average Effective Duration
6.11 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
J.P.Morgan Securities LLC 0.010% - 3.1%
U.S. Treasury Note/Bond 1.750% 06/30/2024 1.9%
Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worl 4.700% 02/01/2036 1.4%
AT&T, Inc. 6.000% 08/15/2040 1.2%
CVS Caremark Corp. 4.300% 03/25/2028 1.0%
General Motors Co. 6.750% 04/01/2046 0.8%
Tencent Holdings Ltd. 3.595% 01/19/2028 0.8%
U.S. Treasury Note/Bond 2.625% 02/15/2029 0.8%
Ford Motor Co. 7.450% 07/16/2031 0.7%
GE Capital International Funding Co. 4.418% 11/15/2035 0.7%
% of Total Assets 12.4%

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

Holding Coupon Maturity Assets
U.S. Treasury Note/Bond2.000% 05/31/20242.0%
J.P.Morgan Securities LLC0.010% -1.2%
AT&T, Inc.6.000% 08/15/20401.2%
Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worl4.700% 02/01/20361.1%
CVS Caremark Corp.4.300% 03/25/20281.0%
General Motors Co.6.750% 04/01/20460.8%
Tencent Holdings Ltd.3.595% 01/19/20280.8%
GE Capital International Funding Co.4.418% 11/15/20350.8%
Ford Motor Co.7.450% 07/16/20310.7%
NBCUniversal Enterprise, Inc.5.250% 06/19/20990.7%
Energy Transfer Partners L.P.0.000% 06/03/20190.7%
Time Warner Cable LLC7.300% 07/01/20380.6%
Kinder Morgan, Inc.7.750% 01/15/20320.6%
UBS AG Registered Shares5.125% 05/15/20240.6%
U.S. Treasury Note/Bond2.375% 05/15/20290.6%
Universal Health Services, Inc.4.750% 08/01/20220.6%
Teachers Insurance & Annuity Association of Americ4.900% 09/15/20440.6%
Helmerich & Payne, Inc.4.650% 03/15/20250.6%
Citigroup, Inc.3.887% 01/10/20280.6%
Danske Bank A/S5.375% 01/12/20240.6%
VEREIT Operating Partnership L.P.4.875% 06/01/20260.6%
ENI SpA5.700% 10/01/20400.5%
Continental Resources, Inc.5.000% 09/15/20220.5%
Valero Energy Corp.10.500% 03/15/20390.5%
Bank of Ireland Group PLC4.125% 09/19/20270.5%
BAT Capital Corp4.390% 08/15/20370.5%
Patterson-UTI Energy, Inc.3.950% 02/01/20280.5%
PSEG Power LLC8.625% 04/15/20310.5%
Bacardi Ltd.4.700% 05/15/20280.5%
Apache Corp.5.100% 09/01/20400.5%
Sabine Pass Liquefaction LLC5.625% 04/15/20230.5%
Dell International LLC / EMC Corp.8.350% 07/15/20460.5%
Nvent Finance Sarl4.550% 04/15/20280.4%
Bank of America Corp.4.450% 03/03/20260.4%
NXP BV / NXP Funding LLC4.625% 06/01/20230.4%
Goldman Sachs Group, Inc.6.750% 10/01/20370.4%
UBS AG7.625% 08/17/20220.4%
Cox Communications, Inc.8.375% 03/01/20390.4%
Wells Fargo Capital X5.950% 12/15/20360.4%
Newmont Mining Corp.3.700% 03/15/20230.4%
Sabine Pass Liquefaction LLC5.875% 06/30/20260.4%
CNH Capital LLC4.375% 04/05/20220.4%
Bank of America Corp.3.824% 01/20/20280.4%
Baidu, Inc.3.875% 09/29/20230.4%
Royal Caribbean Cruises Ltd.7.500% 10/15/20270.4%
Volkswagen Group of America Finance LLC4.750% 11/13/20280.4%
AT&T, Inc.6.350% 03/15/20400.4%
Yara International ASA7.875% 06/11/20190.4%
Kerr-McGee Corp.7.875% 09/15/20310.4%
Myriad International Holdings BV6.000% 07/18/20200.4%
Vodafone Group plc4.375% 05/30/20280.4%
EPR Properties4.950% 04/15/20280.4%
Broadcom Corp. / Broadcom Cayman Finance Ltd.3.875% 01/15/20270.4%
TransAlta Corp.4.500% 11/15/20220.4%
Exelon Generation Co. LLC6.250% 10/01/20390.4%
Bermuda Government International Bond3.717% 01/25/20270.4%
Navient Corp.6.750% 06/25/20250.4%
Fresenius Medical Care US Finance II, Inc.5.875% 01/31/20220.4%
Starbucks Corp.3.550% 08/15/20290.3%
North Texas Tollway Auth8.910% 02/01/20300.3%
Santander Drive Auto Receivables Trust 2015-24.020% 09/15/20220.3%
Energy Transfer Operating LP6.250% 04/15/20490.3%
Morgan Stanley3.875% 01/27/20260.3%
Motiva Enterprises LLC5.750% 01/15/20200.3%
CNO Financial Group, Inc.5.250% 05/30/20250.3%
Capital Auto Receivables Asset Trust 2018-12.790% 01/20/20220.3%
Protective Life Corp.8.450% 10/15/20390.3%
Nissan Motor Acceptance Corp.0.000% 08/26/20190.3%
CNAC HK Finbridge Co Ltd3.000% 07/19/20200.3%
Wabtec Corp.4.700% 09/15/20280.3%
Bunge Asset Funding Corp0.000% 06/03/20190.3%
Carnival plc7.875% 06/01/20270.3%
CRH America Finance, Inc.3.950% 04/04/20280.3%
Ausgrid Finance Pty Ltd4.350% 08/01/20280.3%
Boston Scientific Corp.0.000% 07/23/20190.3%
American Airlines Class B Pass Through Trust4.375% 10/01/20220.3%
Canadian Natural Resources Ltd.7.200% 01/15/20320.3%
Santander UK plc7.950% 10/26/20290.3%
Hitachi America Capital Ltd0.000% 06/03/20190.3%
Universal Health Services, Inc.5.000% 06/01/20260.3%
AerCap Ireland Capital Ltd.3.500% 01/15/20250.3%
National Fuel Gas Co.3.750% 03/01/20230.3%
Trimble Navigation Ltd.4.900% 06/15/20280.3%
Williams Cos., Inc.8.750% 03/15/20320.3%
Midcontinent Express Pipeline LLC6.700% 09/15/20190.3%
Air Lease Corp.3.625% 04/01/20270.3%
Netflix, Inc.3.625% 05/15/20270.3%
Aon plc8.205% 01/01/20270.3%
PVH Corp.7.750% 11/15/20230.3%
Warner Media LLC6.200% 03/15/20400.3%
Anglo American Capital plc4.750% 04/10/20270.3%
Wyndham Hotels & Resorts3.972% 03/28/20250.3%
Entergy Corp.0.000% 06/03/20190.3%
Woodside Finance Ltd.4.500% 03/04/20290.3%
IFM US Colonial Pipeline 2 LLC6.450% 05/01/20210.3%
Time Warner Entertainment Co. L.P.8.375% 07/15/20330.3%
Drive Auto Receivables Trust 2019-22.930% 03/15/20220.3%
NASDAQ OMX Group, Inc.0.000% 06/20/20190.3%
Cleco Power LLC6.000% 12/01/20400.3%
Sempra Global0.000% 06/18/20190.3%
Macquarie Group Ltd.4.654% 03/27/20290.3%
Fidelity National Financial Group4.500% 08/15/20280.3%
The Royal Bank of Scotland Group PLC3.875% 09/12/20230.3%
Dell International LLC / EMC Corp6.020% 06/15/20260.3%
Midwest Connector Capital Co LLC3.900% 04/01/20240.3%
Fresenius Medical Care US Finance II, Inc.4.750% 10/15/20240.3%
International Paper Co.7.300% 11/15/20390.3%
MPT Operating Partnership L.P.5.000% 10/15/20270.3%
Anheuser-Busch InBev Worldwide, Inc.4.750% 01/23/20290.3%
Caesars Palace Las Vegas Trust 2017-VICI3.531% 10/15/20340.3%
Verizon Communications, Inc.3.784% 05/15/20250.3%
Campbell Soup Co.0.000% 06/20/20190.3%
People's United Financial, Inc.3.650% 12/06/20220.3%
Hilcorp Energy L.P. / Hilcorp Finance Co.6.250% 11/01/20280.3%
American Airlines Class B Pass Through Trust5.600% 07/15/20200.3%
American Homes 4 Rent LP4.250% 02/15/20280.2%
Glencore Finance Canada Ltd.5.550% 10/25/20420.2%
DBWF 2018-AMXP Mortgage Trust3.791% 05/05/20350.2%
Owens Corning7.000% 12/01/20360.2%
Kinross Gold Corp.4.500% 07/15/20270.2%
Citigroup, Inc.3.668% 07/24/20280.2%
Discover Bank3.450% 07/27/20260.2%
General Motors Financial Co., Inc.0.000% 06/03/20190.2%
Credit Suisse AG6.500% 08/08/20230.2%
Halliburton Co.7.450% 09/15/20390.2%
Kraft Heinz Foods Co.6.875% 01/26/20390.2%
NRG Energy, Inc.4.450% 06/15/20290.2%
Total System Services, Inc.4.800% 04/01/20260.2%
Dominion Resources, Inc.7.000% 06/15/20380.2%
California Republic Auto Receivables Trust2.530% 06/15/20210.2%
Smithfield Foods, Inc.5.200% 04/01/20290.2%
Enel Finance International N.V.2.750% 04/06/20230.2%
Embraer Overseas Ltd.5.696% 09/16/20230.2%
American Airlines Class B Pass Through Trust5.625% 01/15/20210.2%
Lloyds Bank plc6.500% 09/14/20200.2%
SCANA Corp.4.125% 02/01/20220.2%
Neuberger Berman Group LLC4.875% 04/15/20450.2%
GM Financial Automobile Leasing Trust 2017-32.010% 11/20/20200.2%
Cimarex Energy Co.4.375% 03/15/20290.2%
Webster Financial Corp.4.100% 03/25/20290.2%
Continental Resources, Inc.4.900% 06/01/20440.2%
Cigna Corp0.000% 06/26/20190.2%
Campbell Soup Co.0.000% 06/19/20190.2%
GATX Corp.4.550% 11/07/20280.2%
Weyerhaeuser Co.8.500% 01/15/20250.2%
Dollar Tree, Inc.4.200% 05/15/20280.2%
U.S. Treasury Note/Bond2.875% 11/15/20210.2%
Electricite de France SA5.000% 09/21/20480.2%
Ammc Clo 19 Ltd.4.097% 10/15/20280.2%
Venture XXIV CLO Ltd4.642% 10/20/20280.2%
Alibaba Group Holding Ltd.3.400% 12/06/20270.2%
FirstEnergy Transmission LLC4.550% 04/01/20490.2%
Cleco Corp.4.973% 05/01/20460.2%
JB y Co SA de CV3.750% 05/13/20250.2%
ICG US CLO 2015-2 Ltd3.451% 01/16/20280.2%
IHS Markit Ltd4.000% 03/01/20260.2%
Walt Disney Co/The7.750% 12/01/20450.2%
Discover Bank4.682% 08/09/20280.2%
BlueMountain CLO 2016-1 Ltd3.942% 04/20/20270.2%
Brixmor Operating Partnership L.P.3.850% 02/01/20250.2%
Hardee's Funding LLC4.959% 06/20/20480.2%
Government National Mortgage Association2.600% 06/16/20570.2%
AerCap Ireland Capital Ltd.3.650% 07/21/20270.2%
CVS Caremark Corp.4.780% 03/25/20380.2%
Avery Point VII CLO Ltd4.097% 01/15/20280.2%
Leidos, Inc.7.125% 07/01/20320.2%
General Electric Co.2.700% 10/09/20220.2%
National Oilwell Varco, Inc.3.950% 12/01/20420.2%
Hanover Insurance Group, Inc.4.500% 04/15/20260.2%
Welltower, Inc.0.000% 06/28/20190.2%
Geo Group, Inc.6.000% 04/15/20260.2%
Puget Energy, Inc.3.650% 05/15/20250.2%
Macquarie Bank Ltd.6.625% 04/07/20210.2%
Origin Energy Finance Ltd.5.450% 10/14/20210.2%
Phosagro OAO via Phosagro Bond Funding Ltd3.949% 04/24/20230.2%
Enbridge, Inc.6.000% 01/15/20770.2%
OHA Loan Funding 2016-1 Ltd4.392% 01/20/20280.2%
Baidu, Inc.3.625% 07/06/20270.2%
World Financial Network Credit Card Master Trust2.030% 04/15/20250.2%
Bombardier, Inc.6.125% 01/15/20230.2%
Sempra Energy4.000% 02/01/20480.2%
Freeport-McMoRan, Inc.5.450% 03/15/20430.2%
Telefonica Emisiones SAU5.520% 03/01/20490.2%
Neuberger Berman Group LLC4.500% 03/15/20270.2%
SunTrust Auto Receivables Trust3.240% 01/16/20230.2%
Expedia, Inc.5.000% 02/15/20260.2%
Saka Energi Indonesia PT4.450% 05/05/20240.2%
Hudson Pacific Properties LP4.650% 04/01/20290.2%
GS Mortgage Securities Corp Trust 2018-FBLU5.190% 11/15/20350.2%
Discover Financial Services4.100% 02/09/20270.2%
Conn's Receivables Funding 2017-B LLC5.950% 11/15/20220.2%
Roper Industries, Inc.3.850% 12/15/20250.2%
Royal Caribbean Cruises Ltd.5.250% 11/15/20220.2%
Santander Drive Auto Receivables Trust 2014-54.230% 04/15/20220.2%
Drive Auto Receivables Trust 2017-12.840% 04/15/20220.2%
Morgan Stanley3.958% 05/08/20240.2%
Flagship Credit Auto Trust 2019-14.080% 02/18/20250.2%
National Fuel Gas Co.4.900% 12/01/20210.2%
Gazprom OAO Via Gaz Capital SA4.950% 02/06/20280.2%
Nationstar Mortgage Holdings, Inc.9.125% 07/15/20260.2%
BBVA Bancomer SA5.125% 01/18/20330.2%
Abu Dhabi National Energy Co.4.875% 04/23/20300.2%
Intesa Sanpaolo SpA5.710% 01/15/20260.2%
Kennametal, Inc.4.625% 06/15/20280.2%
Southern Copper Corp.5.250% 11/08/20420.2%
Energy Transfer Operating LP8.250% 11/15/20290.2%
Arrow Electronics, Inc.0.000% 06/04/20190.2%
OM Asset Management plc4.800% 07/27/20260.2%
Palmer Square Loan Funding 2018-1 Ltd3.197% 04/15/20260.2%
Tapstone Energy LLC / Tapstone Energy Finance Corp9.750% 06/01/20220.2%
Spectra Energy Partners L.P.3.451% 06/05/20200.2%
Vulcan Materials Co.3.276% 03/01/20210.2%
BMW Vehicle Lease Trust 2019-12.790% 03/22/20210.2%
Embraer Netherlands Finance BV5.050% 06/15/20250.2%
Pentair Finance SA2.650% 12/01/20190.2%
Northwell Healthcare, Inc.3.979% 11/01/20460.2%
Calpine Corp.5.500% 02/01/20240.2%
TIBCO Software, Inc.11.375% 12/01/20210.2%
Zimmer Biomet Holdings, Inc.5.750% 11/30/20390.2%
Oasis Petroleum, Inc.6.875% 03/15/20220.2%
Santander UK Group Holdings plc3.823% 11/03/20280.2%
Autoliv ASP Inc0.000% 06/27/20190.2%
American Axle & Manufacturing, Inc.6.500% 04/01/20270.2%
Selective Insurance Group, Inc.5.375% 03/01/20490.2%
World Financial Network Credit Card Master Trust2.660% 08/15/20240.2%
Williams Cos., Inc.0.000% 06/03/20190.2%
Mississippi Power Co.4.250% 03/15/20420.2%
Andeavor Logistics LP6.875% 12/31/20990.2%
Centene Corp.5.625% 02/15/20210.2%
Caesars Palace Las Vegas Trust 2017-VICI3.835% 10/15/20340.2%
Capital Auto Receivables Asset Trust3.340% 03/22/20210.2%
Oglethorpe Power Corp.5.050% 10/01/20480.2%
Healthcare Trust of America Holdings LP2.950% 07/01/20220.2%
Foursight Capital Automobile Receivables Trust 2014.190% 11/15/20230.2%
Bank of Montreal3.803% 12/15/20320.2%
Broadcom Inc3.625% 10/15/20240.2%
KCP&L Greater Missouri Operations Co.0.000% 06/03/20190.2%
Lincoln National Corp.7.000% 06/15/20400.2%
Centene Corp.5.375% 06/01/20260.1%
Barrick International Barbados Corp.6.350% 10/15/20360.1%
Barclays Bank plc10.179% 06/12/20210.1%
Bayer Corp6.650% 02/15/20280.1%
RPI Finance Trust4.776% 03/27/20230.1%
Verizon Communications, Inc.4.862% 08/21/20460.1%
Silversea Cruise Finance Ltd.7.250% 02/01/20250.1%
Unum Group5.750% 08/15/20420.1%
Lincoln National Corp.6.300% 10/09/20370.1%
Exelon Generation Co. LLC5.600% 06/15/20420.1%
U.S. Treasury Note/Bond3.000% 02/15/20490.1%
Solera Finance, Inc.10.500% 03/01/20240.1%
Westpac Banking Corp.4.322% 11/23/20310.1%
Country Garden Holdings Co. Ltd.4.750% 09/28/20230.1%
Burlington Northern Santa Fe LLC6.150% 05/01/20370.1%
McDonald's Corp.6.300% 03/01/20380.1%
L-3 Communications Corp.4.400% 06/15/20280.1%
Harris Corp.4.400% 06/15/20280.1%
Waste Pro USA Inc5.500% 02/15/20260.1%
Tenneco, Inc.5.000% 07/15/20260.1%
NGPL Pipeco LLC4.875% 08/15/20270.1%
United Rentals, Inc.4.875% 01/15/20280.1%
Duqesne Light Holdings, Inc.6.250% 08/15/20350.1%
Glencore Funding LLC0.000% 06/17/20190.1%
Appalachian Power Co.7.000% 04/01/20380.1%
Level 3 Parent LLC5.750% 12/01/20220.1%
Vale Overseas Ltd.6.250% 08/10/20260.1%
Edison International4.125% 03/15/20280.1%
CNAC HK Finbridge Co Ltd3.500% 07/19/20220.1%
PTL Finance Corp.3.450% 07/01/20240.1%
CNH Capital LLC4.875% 04/01/20210.1%
GCI LLC6.875% 04/15/20250.1%
Santander Drive Auto Receivables Trust 2015-23.020% 04/15/20210.1%
Sherwin-Williams Co.0.000% 06/11/20190.1%
Pacific Gas & Electric Co.6.050% 03/01/20340.1%
WeWork Cos Inc7.875% 05/01/20250.1%
Royal Caribbean Cruises Ltd.0.000% 06/10/20190.1%
BAT International Finance plc0.000% 07/29/20190.1%
BAT International Finance plc0.000% 07/30/20190.1%
Century Communities, Inc.5.875% 07/15/20250.1%
Expedia, Inc.3.800% 02/15/20280.1%
Florida Gas Transmission Co., LLC3.875% 07/15/20220.1%
Campbell Soup Co.3.800% 08/02/20420.1%
SCE Trust III0.000% -0.1%
Thacher Park CLO Ltd.3.752% 10/20/20260.1%
E*TRADE Financial Corp.4.500% 06/20/20280.1%
AerCap Ireland Capital Ltd.4.875% 01/16/20240.1%
Hyundai Capital America2.000% 07/01/20190.1%
Time Warner Cable LLC6.550% 05/01/20370.1%
Republic of Argentina4.625% 01/11/20230.1%
General Electric Co.3.150% 09/07/20220.1%
Indika Energy Capital III Pte Ltd5.875% 11/09/20240.1%
Baker Hughes a GE Co LLC / Baker Hughes Co-Obligor4.080% 12/15/20470.1%
Peabody Energy Corp.6.000% 03/31/20220.1%
FedEx Corp.4.950% 10/17/20480.1%
Marvell Technology Group Ltd.4.200% 06/22/20230.1%
CIT Group, Inc.6.125% 03/09/20280.1%
National Fuel Gas Co.3.950% 09/15/20270.1%
US Cellular Corp.6.700% 12/15/20330.1%
PPL WEM Ltd./Western Power Distribution Ltd.5.375% 05/01/20210.1%
Seven Generations Energy Ltd.6.875% 06/30/20230.1%
William Lyon Homes, Inc.7.000% 08/15/20220.1%
Chaparral Energy, Inc.8.750% 07/15/20230.1%
Provident Funding Associates L.P. / PFG Finance Co6.375% 06/15/20250.1%
Norfolk Southern Corp.5.590% 05/17/20250.1%
North Texas Tollway Auth8.410% 02/01/20300.1%
Sabal Trail Transmission LLC4.246% 05/01/20280.1%
New Gold, Inc.6.250% 11/15/20220.1%
WestRock Co.0.000% 06/04/20190.1%
Turkiye Vakiflar Bankasi Tao5.750% 01/30/20230.1%
CPS Auto Trust4.610% 12/15/20220.1%
Electricite de France SA5.625% 01/22/21640.1%
General Electric Co.5.300% 02/11/20210.1%
Scientific Games International, Inc.6.625% 05/15/20210.1%
SCANA Corp.4.750% 05/15/20210.1%
Magnetite XI Ltd3.721% 01/18/20270.1%
Titan International, Inc.6.500% 11/30/20230.1%
Hunt Cos Inc6.250% 02/15/20260.1%
T-Mobile USA, Inc.6.000% 04/15/20240.1%
Cedar Funding VI CLO Ltd4.192% 10/20/20280.1%
Litton Industries, Inc.7.750% 03/15/20260.1%
Energy Transfer Operating LP9.000% 11/01/20240.1%
Itron, Inc.5.000% 01/15/20260.1%
Bowman Park CLO Ltd.3.704% 11/23/20250.1%
American International Group, Inc.3.750% 07/10/20250.1%
General Electric Co.2.945% 05/05/20260.1%
Bombardier, Inc.7.500% 03/15/20250.1%
Reynolds Group Issuer, Inc.5.750% 10/15/20200.1%
Mountain View CLO X Ltd3.947% 10/13/20270.1%
Wabash National Corp.5.500% 10/01/20250.1%
Gulfstream Natural Gas System LLC4.600% 09/15/20250.1%
Cleveland Electric Illuminating Co.3.500% 04/01/20280.1%
Air Canada 2015-2 Class B Pass Through Trust5.000% 12/15/20230.1%
Standard Chartered plc4.247% 01/20/20230.1%
Precision Drilling Corp.5.250% 11/15/20240.1%
Barrick North America Finance LLC7.500% 09/15/20380.1%
SURA Asset Management SA4.375% 04/11/20270.1%
Acwa Power Management And Investments One Ltd5.950% 12/15/20390.1%
MMC Norilsk Nickel OJSC via MMC Finance Ltd.4.100% 04/11/20230.1%
Government National Mortgage Association2.700% 07/16/20570.1%
Citigroup, Inc.4.600% 03/09/20260.1%
Comfort Holding, LLC12.483% 02/03/20250.1%
Enbridge US Inc0.000% 07/18/20190.1%
Royal Caribbean Cruises Ltd.0.000% 06/07/20190.1%
FMC Corp.0.000% 06/10/20190.1%
Griffon Corp.5.250% 03/01/20220.1%
Interstate Power & Light Co3.600% 04/01/20290.1%
Sound Point Clo XV Ltd5.092% 01/23/20290.1%
Caesars Palace Las Vegas Trust 2017-VICI4.138% 10/15/20340.1%
Rayonier AM Products, Inc.5.500% 06/01/20240.1%
Adani Transmission Ltd4.000% 08/03/20260.1%
Mountain Hawk III CLO Ltd.3.801% 04/18/20250.1%
Northrop Grumman Systems Corp.7.750% 02/15/20310.1%
Enbridge US Inc0.000% 07/24/20190.1%
Murphy Oil Corp.6.875% 08/15/20240.1%
SL Green Operating Partnership L.P.3.250% 10/15/20220.1%
Teck Resources Ltd.8.500% 06/01/20240.1%
Indonesia Asahan Aluminium Persero PT5.230% 11/15/20210.1%
Williams Scotsman International Inc7.875% 12/15/20220.1%
Banco Mercantil del Norte SA/Grand Cayman7.625% 07/06/21670.1%
Arrow Electronics, Inc.0.000% 06/20/20190.1%
Citizens Financial Group, Inc.4.150% 09/28/20220.1%
YPF S.A.6.950% 07/21/20270.1%
Popular, Inc.6.125% 09/14/20230.1%
Palmer Square Loan Funding 2017-1 Ltd4.297% 10/15/20250.1%
Marathon Petroleum Corp.5.375% 10/01/20220.1%
KazMunayGas National Co.6.375% 10/24/20480.1%
Illinois, IL5.100% 06/01/20330.1%
Albertsons Cos LLC / Safeway, Inc. / New Albertson6.625% 06/15/20240.1%
EPR Properties4.500% 04/01/20250.1%
Mattel, Inc.6.750% 12/31/20250.1%
Texas Eastern Transmission L.P.4.125% 12/01/20200.1%
Yum! Brands, Inc.6.875% 11/15/20370.1%
Tesoro Logistics L.P.6.250% 10/15/20220.1%
Salem Fields CLO Ltd 2016-24.280% 10/25/20280.1%
Government National Mortgage Association2.750% 02/16/20580.1%
ZF North America Capital, Inc.4.000% 04/29/20200.1%
Discover Financial Services3.850% 11/21/20220.1%
Jamestown CLO VII Ltd.3.880% 07/25/20270.1%
Wells Fargo Commercial Mortgage Trust4.286% 07/15/20460.1%
Newmont Mining Corp.3.625% 06/09/20210.1%
Laredo Petroleum Holdings, Inc.5.625% 01/15/20220.1%
Macquarie Bank Ltd.4.875% 06/10/20250.1%
Arrow Electronics, Inc.0.000% 06/05/20190.1%
Pentair Finance SA0.000% 06/05/20190.1%
Autoliv ASP Inc0.000% 06/07/20190.1%
Sempra Global0.000% 06/10/20190.1%
Mohegan Tribal Gaming Authority7.875% 10/15/20240.1%
EnCana Corp.0.000% 08/01/20190.1%
ZF North America Capital, Inc.4.750% 04/29/20250.1%
Worldpay, LLC4.360% 08/09/20240.1%
Zimmer Biomet Holdings, Inc.3.375% 11/30/20210.1%
Noble Energy, Inc.0.000% 06/06/20190.1%
Martin Marietta Materials, Inc.3.313% 05/22/20200.1%
MHP Lux SA6.950% 04/03/20260.1%
Oztel Holdings SPC Ltd6.625% 04/24/20280.1%
Berry Petroleum Co.7.000% 02/15/20260.1%
Eterna Capital Pte Ltd7.500% 12/11/20220.1%
Valmont Industries, Inc.5.250% 10/01/20540.1%
CSMC Trust4.373% 09/15/20370.1%
General Electric Co.5.000% 12/31/20990.1%
AbbVie, Inc.4.700% 05/14/20450.1%
Regatta VI Funding Ltd4.642% 07/20/20280.1%
Synchrony Credit Card Master Note Trust2.820% 10/15/20250.1%
Barclays Dryrock Issuance Trust 2016-11.520% 05/16/20220.1%
Yingde Gases Investment Ltd6.250% 01/19/20230.1%
BWAY Holding Co.7.250% 04/15/20250.1%
Newell Rubbermaid, Inc.3.850% 04/01/20230.1%
Brand Energy & Infrastructure Services Inc8.500% 07/15/20250.1%
COMM Mortgage Trust4.440% 07/10/20500.1%
China Evergrande Group8.750% 06/28/20250.1%
Huntington Bancshares, Inc.5.700% 12/31/20990.1%
Minejesa Capital BV5.625% 08/10/20370.1%
MEG Energy Corp.6.375% 01/30/20230.1%
SESI LLC7.125% 12/15/20210.1%
Vedanta Resources plc6.125% 08/09/20240.1%
Amsted Industries, Inc.5.625% 07/01/20270.1%
Nissan Motor Acceptance Corp.3.131% 03/15/20210.1%
Cent CLO Ltd.3.912% 10/29/20250.1%
Hyundai Capital America1.750% 09/27/20190.1%
Techem Verwaltungsgesellschaft 674 mbH6.000% 07/30/20260.1%
JPMBB Commercial Mortgage Securities Trust4.269% 07/15/20480.1%
Charter Communications Operating LLC6.484% 10/23/20450.1%
DRB Prime Student Loan Trust3.200% 01/25/20400.1%
Infraestructura Energetica Nova SAB de CV4.875% 01/14/20480.1%
Eldorado Resorts, Inc.6.000% 09/15/20260.1%
SL Green Realty Corp.4.500% 12/01/20220.1%
Bemis Co., Inc.0.000% 06/03/20190.1%
Government National Mortgage Association2.600% 07/16/20580.1%
United Rentals North AM4.148% 10/31/20250.1%
Avolon Holdings Funding Ltd5.125% 10/01/20230.1%
Bahamas Government International Bond6.950% 11/20/20290.1%
Enterprise Products Operating LLC7.550% 04/15/20380.1%
Glencore Funding LLC4.125% 05/30/20230.1%
Red de Carreteras de Occidente SAPIB de CV9.000% 06/10/20280.1%
Palmer Square Loan Funding 2018-1 Ltd3.647% 04/15/20260.1%
Delphi Automotive plc4.350% 03/15/20290.1%
VA Electric & Power Co.8.875% 11/15/20380.1%
Express Scripts Holding Co.6.125% 11/15/20410.1%
Enterprise Fleet Financing LLC2.870% 10/20/20230.1%
Polaris Intermediate Corp8.500% 12/01/20220.1%
General Electric Co.3.100% 01/09/20230.1%
CPG Merger Sub LLC8.000% 10/01/20210.1%
U.S. Treasury Note/Bond2.750% 11/15/20470.1%
MidOcean Credit CLO VI4.422% 01/20/20290.1%
Chobani LLC / Chobani Finance Corp Inc7.500% 04/15/20250.1%
GAHR Commericial Mortgage Trust3.382% 12/15/20340.1%
E*TRADE Financial Corp.3.800% 08/24/20270.1%
Northrop Grumman Systems Corp.7.875% 03/01/20260.1%
Panera Bread Company4.250% 07/18/20220.1%
Autoliv ASP Inc0.000% 06/03/20190.1%
Danske Bank A/S2.800% 03/10/20210.1%
Syngenta Finance NV4.441% 04/24/20230.1%
Enbridge US Inc0.000% 07/22/20190.1%
Bayer US Finance II LLC3.875% 12/15/20230.1%
BlueMountain CLO 2013-1 Ltd4.342% 01/20/20290.1%
Avery Point CLO Ltd.4.180% 04/25/20260.1%
Madison Park Funding XXI Ltd4.110% 07/25/20290.1%
Scientific Games International, Inc.10.000% 12/01/20220.1%
Syngenta Wilmington, Inc.0.000% 06/20/20190.1%
Duqesne Light Holdings, Inc.6.400% 09/15/20200.1%
Genesys Telecommunications Laboratories Inc/Greene10.000% 11/30/20240.1%
Sterigenics-Nordion Topco LLC8.125% 11/01/20210.1%
BAE Systems Finance Inc7.500% 07/01/20270.1%
Palmer Square Loan Funding 2018-1 Ltd3.997% 04/15/20260.1%
Energy Transfer Operating LP6.125% 12/15/20450.1%
UTEX Industries9.733% 05/22/20220.1%
Microchip Technology Inc4.490% 05/23/20250.1%
Range Resources Corp.5.000% 08/15/20220.1%
California Republic Auto Receivables Trust 2015-43.730% 11/15/20210.0%
PTL Finance Corp.3.950% 03/10/20250.0%
Arrow Electronics, Inc.0.000% 06/03/20190.0%
ACC Trust 2018-14.820% 05/20/20210.0%
Cox Communications, Inc.4.500% 06/30/20430.0%
Lockheed Martin Corp.7.750% 05/01/20260.0%
Drive Auto Receivables Trust3.020% 11/15/20210.0%
Citigroup, Inc.5.950% 12/31/20990.0%
FMG Finance Pty Ltd.5.125% 05/15/20240.0%
Macquarie Bank Ltd./London6.125% 03/08/21670.0%
West Fraser Timber Co. Ltd.4.350% 10/15/20240.0%
Hawaiian Electric Co., Inc.0.000% 06/04/20190.0%
Bill Barrett Corp.7.000% 10/15/20220.0%
Viacom, Inc.0.000% 06/03/20190.0%
Royal Caribbean Cruises Ltd.3.700% 03/15/20280.0%
Southern Star Central Corp.5.125% 07/15/20220.0%
GS Mortgage Securities Trust4.410% 07/10/20480.0%
FirstEnergy Transmission LLC4.350% 01/15/20250.0%
Drive Auto Receivables Trust3.840% 07/15/20210.0%
Emera US Finance L.P.2.700% 06/15/20210.0%
Reynolds American, Inc.4.450% 06/12/20250.0%
GS Mortgage Securities Trust1.425% 06/10/20460.0%
Rede D'or Finance Sarl4.950% 01/17/20280.0%
Altice Luxembourg SA7.750% 05/15/20220.0%
Joseph T Ryerson & Son, Inc.11.000% 05/15/20220.0%
Vodafone Group plc3.750% 01/16/20240.0%
Newell Rubbermaid, Inc.5.000% 11/15/20230.0%
SCF Equipment Leasing 2017-2 LLC3.410% 12/20/20230.0%
Willis North America, Inc.7.000% 09/29/20190.0%
CCO Holdings LLC / CCO Holdings Capital Corp.5.250% 03/15/20210.0%
Doncasters US Finance LLC (Doncasters US LLC)6.101% 04/09/20200.0%
Galaxy XXI CLO Ltd3.612% 04/20/20310.0%
Enable Midstream Partners L.P.0.000% 06/07/20190.0%
Aviation Capital Group Corp.0.000% 06/12/20190.0%
Colfax Corp.0.000% 12/17/20200.0%
Symantec Corp4.483% 08/01/20210.0%
Seneca Park CLO Ltd.3.708% 07/17/20260.0%
GS Mortgage Securities Trust0.517% 06/10/20460.0%
Smithfield Foods, Inc.3.350% 02/01/20220.0%
AT&T, Inc.5.350% 09/01/20400.0%
Boston Scientific Corp.0.000% 08/29/20190.0%
Studio City Co Ltd7.250% 11/30/20210.0%
Palmer Square Loan Funding 2018-5 Ltd3.992% 01/20/20270.0%
Santander UK plc5.000% 11/07/20230.0%
Worldpay, LLC4.383% 01/16/20230.0%
Carrizo Oil & Gas, Inc.6.250% 04/15/20230.0%
Berkshire Hathaway Finance Corp.4.250% 01/15/20490.0%
Park Aerospace Holdings Ltd4.500% 03/15/20230.0%
Sherwin-Williams Co.0.000% 06/19/20190.0%
Santander Drive Auto Receivables Trust 2016-14.020% 04/15/20220.0%
Halcyon Loan Advisors Funding Ltd.4.730% 07/25/20270.0%
Danske Bank A/S4.375% 06/12/20280.0%
ACC Trust 2018-16.810% 02/21/20230.0%
Navios South American Logistics Inc / Navios Logis7.250% 05/01/20220.0%
Apex Credit CLO 2017 Ltd4.531% 04/24/20290.0%
Country Garden Holdings Co. Ltd.4.750% 01/17/20230.0%
Campbell Soup Co.0.000% 09/05/20190.0%
Brazos Valley Longhorn LLC / Brazos Valley Longhor6.875% 02/01/20250.0%
Glencore Funding LLC3.000% 10/27/20220.0%
Elanco Animal Health Inc4.900% 08/28/20280.0%
California Republic Auto Receivables Trust1.750% 01/15/20210.0%
Avis Budget Rental Car Funding2.460% 07/20/20200.0%
Apex Credit CLO 2016 Ltd4.432% 10/27/20280.0%
Nationstar Mortgage LLC / Nationstar Capital Corp.6.500% 07/01/20210.0%
ITC Holdings Corp.5.500% 01/15/20200.0%
Drive Auto Receivables Trust4.590% 01/17/20230.0%
Carrizo Oil & Gas, Inc.8.250% 07/15/20250.0%
Apidos CLO XVI5.592% 01/19/20250.0%
Lockheed Martin Tactical Systems Inc7.625% 06/15/20250.0%
Drive Auto Receivables Trust4.180% 03/15/20240.0%
Avis Budget Rental Car Funding2.630% 12/20/20210.0%
Metropolitan Edison Co.4.000% 04/15/20250.0%
UTEX Industries6.483% 05/22/20210.0%
Glencore Finance Canada Ltd.4.250% 10/25/20220.0%
Illinois, IL5.520% 04/01/20380.0%
Avery Point CLO Ltd.3.568% 07/17/20260.0%
International Lease Finance Corp.5.875% 08/15/20220.0%
Merrill Lynch Mortgage Investors Trust Series6.250% 10/25/20360.0%
Pentair Finance SA0.000% 06/13/20190.0%
SCANA Corp.6.250% 04/01/20200.0%
Affiliated Managers Group, Inc.4.250% 02/15/20240.0%
CIT Group, Inc.5.800% 12/31/20990.0%
Ashtead Capital, Inc.5.625% 10/01/20240.0%
Government National Mortgage Association0.623% 07/16/20540.0%
DaVita HealthCare Partners Inc. (fka DaVita Inc.)5.343% 06/24/20210.0%
General Electric Co.3.375% 03/11/20240.0%
IHS Markit Ltd3.625% 05/01/20240.0%
Kraft Heinz Foods Co.7.125% 08/01/20390.0%
McDonald's Corp.6.300% 10/15/20370.0%
Canadian Pacific Railway Co.7.125% 10/15/20310.0%
HudBay Minerals, Inc.7.625% 01/15/20250.0%
Triumph Group, Inc.4.875% 04/01/20210.0%
Bayer US Finance II LLC3.500% 06/25/20210.0%
Canadian Pacific Railway Co.9.450% 08/01/20210.0%
Intesa Sanpaolo SpA6.500% 02/24/20210.0%
OneMain Financial Issuance Trust 2016-1A3.660% 02/20/20290.0%
Affiliated Managers Group, Inc.3.500% 08/01/20250.0%
Pyxus International Inc9.875% 07/15/20210.0%
Hudsons Bay Simon JV Trust0.541% 08/05/20340.0%
NiSource, Inc.0.000% 06/03/20190.0%
General Electric Co.3.450% 05/15/20240.0%
Piaggio & C SpA3.625% 04/30/20250.0%
Huntington Auto Trust1.590% 11/16/20200.0%
Kinetic Concepts, Inc. / KCI USA, Inc.12.500% 11/01/20210.0%
Oncor Electric Delivery Co. LLC7.500% 09/01/20380.0%
PG&E Corp5.029% 12/31/20200.0%
Pentair Finance SA0.000% 06/04/20190.0%
Pentair Finance SA0.000% 06/06/20190.0%
WFRBS Commercial Mortgage Trust0.977% 05/15/20470.0%
NXP BV / NXP Funding LLC3.875% 09/01/20220.0%
GS Mortgage Securities Trust0.183% 11/10/20480.0%
Range Resources Corp.5.875% 07/01/20220.0%
Access Point Funding I 2017-1 LLC3.060% 04/15/20290.0%
Cox Communications, Inc.4.700% 12/15/20420.0%
Enbridge US Inc0.000% 06/03/20190.0%
Valero Energy Corp.7.500% 04/15/20320.0%
HudBay Minerals, Inc.7.250% 01/15/20230.0%
Bayer US Finance II LLC2.750% 07/15/20210.0%
Oncor Electric Delivery Co. LLC7.000% 05/01/20320.0%
Sequoia Mortgage Trust 2012-42.069% 09/25/20420.0%
Chaparral Energy, Inc.0.000% -0.0%
Boston Scientific Corp.0.000% 08/12/20190.0%
Glencore Funding LLC4.125% 03/12/20240.0%
Mattel, Inc.2.350% 08/15/20210.0%
NRG Yield, Inc.3.250% 06/01/20200.0%
Public Service Co. of New Mexico3.850% 08/01/20250.0%
Teva Pharmaceutical Finance Co. B.V.3.650% 11/10/20210.0%
Hudsons Bay Simon JV Trust0.493% 08/05/20340.0%
Doncasters US Finance LLC (Doncasters US LLC)10.851% 10/09/20200.0%
Doncasters US Finance LLC (Doncasters US LLC)10.851% 10/09/20200.0%
Energy Transfer Partners LP / Regency Energy Finan5.000% 10/01/20220.0%
Peabody Energy Corp.6.375% 03/31/20250.0%
TCF Auto Receivables Owner Trust3.530% 03/15/20220.0%
Dow Chemical Co.0.000% 06/14/20190.0%
Northrop Grumman Corp.0.000% 06/19/20190.0%
Reynolds Group Issuer, Inc.6.875% 02/15/20210.0%
Antero Resources Corp.5.125% 12/01/20220.0%
Interstate Power & Light Co4.700% 10/15/20430.0%
Fiat Chrysler Automobiles N.V.5.250% 04/15/20230.0%
Diamond Resorts Owner Trust3.080% 11/20/20280.0%
Glencore Funding LLC2.875% 04/16/20200.0%
Restoration Hardware Holdings, Inc.0.000% 06/15/20190.0%
Canadian National Railway Co.7.375% 10/15/20310.0%
Canadian Oil Sands Ltd.4.500% 04/01/20220.0%
MEG Energy Corp.6.500% 01/15/20250.0%
Trinity Acquisition plc4.625% 08/15/20230.0%
PG&E Corp5.029% 12/31/20200.0%
FX USD/EUR 06/190.000% 06/07/20190.0%
APX Group, Inc.8.750% 12/01/20200.0%
JPMBB Commercial Mortgage Securities Trust0.799% 04/15/20470.0%
Union Pacific Corp.6.625% 02/01/20290.0%
WFRBS Commercial Mortgage Trust0.575% 05/15/20470.0%
Sempra Energy3.750% 11/15/20250.0%
CSX Corp.6.000% 10/01/20360.0%
FX USD/MXN 08/190.000% 08/14/20190.0%
JPMBB Commercial Mortgage Securities Trust0.303% 04/15/20470.0%
Santander Drive Auto Receivables Trust 2016-31.890% 06/15/20210.0%
DOMMO ENERGIA SA-SP ADR0.000% -0.0%
Afren plc10.250% 04/08/20190.0%
CSX Corporation, Inc.7.875% 05/15/20430.0%
Eneva SA0.000% -0.0%
Federal Home Loan Mortgage Corp.0.000% 08/15/20220.0%
Afren plc6.625% 12/09/20200.0%
Federal Home Loan Mortgage Corp.0.000% 09/15/20220.0%
OGX Austria GmbH8.500% 06/01/20190.0%
FX USD/EUR 09/190.000% 09/09/20190.0%
US ULTRA BOND CBT SEP190.000% 09/30/20190.0%
US LONG BOND(CBT) SEP190.000% 09/30/20190.0%
Federal Home Loan Mortgage Corp.1008.500% 04/15/20210.0%
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.0.000% 10/15/20210.0%
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 National Mortgage Assoc.1008.000% 12/25/20210.0%
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.900.950% 12/15/20200.0%
Federal Home Loan Mortgage Corp.1007.780% 05/15/20210.0%
Federal Home Loan Mortgage Corp.409.000% 04/15/20210.0%
Federal National Mortgage Assoc.9.500% 08/25/20210.0%
Federal Home Loan Mortgage Corp.982.654% 04/15/20220.0%
Federal Home Loan Mortgage Corp.1007.000% 02/15/20220.0%
Federal Home Loan Mortgage Corp.1010.500% 02/15/20210.0%
Templar Energy LLC0.000% -0.0%
Templar Energy LLC0.000% -0.0%
Federal Home Loan Mortgage Corp.1009.000% 02/15/20210.0%
EURO-SCHATZ FUT JUN190.000% 06/10/20190.0%
US 10YR NOTE (CBT)SEP190.000% 09/30/20190.0%
US 2YR NOTE (CBT) SEP190.000% 10/03/20190.0%
US 10YR ULTRA FUT SEP190.000% 09/30/20190.0%
US 5YR NOTE (CBT) SEP190.000% 10/03/20190.0%
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%

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

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 07/23/2019
$0.053
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 06/30/2019 $0.00878 $2.87
Daily Daily 05/31/2019 $0.00877 $2.82
Daily Daily 04/30/2019 $0.00889 $2.81
Daily Daily 03/31/2019 $0.00883 $2.79
Daily Daily 02/28/2019 $0.00920 $2.75
Daily Daily 01/31/2019 $0.00887 $2.74

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
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 $2.88
*

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
12/17/2019 12/18/2019

Fees & Expenses

Fees & Expenses

Expense Ratioas of 06/30/2019

1.07%

Fund Documents

Fund Documents

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Summary Prospectus
Publish Date:11/03/2015
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Statutory Prospectus
Publish Date:11/03/2015
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Prospectus (XBRL)
Publish Date:11/03/2015
SAI
Publish Date:11/03/2015
Annual Report
Publish Date:11/03/2015
Semi-Annual Report
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015
Commentary
Publish Date:11/03/2015
Flyer
Publish Date:11/03/2015
Publish Date:11/03/2015

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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.

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