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Income Fund

Daily price w/o sales charge as of 11/16/2018

$2.70

arrowUp$0.01

YTD Returns w/o sales charge as of 11/16/2018

-3.08%

Overall Morningstar Ratings

Corporate Bond
as of 10/31/2018

Morningstar rated the Lord Abbett Income Fund class R3 share 4, 3 and 4 stars among 182, 152 and 82 Corporate Bond Funds for the overall rating and the 3, 5 and 10 year periods ended 10/31/2018, respectively.

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

Click here to view all legal text including risk information

Summary

Summary

What is the Income Fund?

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

FOCUS ON CORPORATE CREDIT

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

BUILT ON INTENSIVE RESEARCH

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

IDENTIFY INCOME

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

Yield

Dividend Yield 1 as of 11/16/2018  

w/o sales charge 3.92%

30-Day Standardized Yield 2 as of 10/31/2018  

3.72%

Fund Basicsas of 10/31/2018

Total Net Assets
$2.13 B
Inception Date
07/02/2008
Dividend Frequency
Monthly
Fund Expense Ratio
1.08%
Number of Holdings
615
CUSIP
543916340

Fund Expense Ratio :

1.08%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/02/2008
w/o sales charge -2.90% -2.37% 3.26% 2.98% 7.66% 5.62%
Lipper Category Avg. Corporate Debt Funds BBB-Rated -3.46% -2.92% 2.26% 2.59% 6.19% -
Bloomberg Barclays U.S. Credit Bond Index -3.49% -2.81% 2.34% 2.81% 6.43% 4.92%

Fund Expense Ratio :

1.08%

Fund Expense Ratio :

1.08%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/02/2008
w/o sales charge -1.78% -0.63% 3.91% 3.65% 6.60% 5.79%
Lipper Category Avg. Corporate Debt Funds BBB-Rated -2.14% -1.29% 2.99% 3.21% 5.65% -
Bloomberg Barclays U.S. Credit Bond Index -2.12% -1.10% 2.98% 3.40% 5.94% 5.11%

Fund Expense Ratio :

1.08%

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
Sovereign
Bank Loans
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 10/31/2018 View Portfolio

Rating Assets
U.S. Treasury
AAA
AA
A
BBB
<BBB

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

Investment Team

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

Partner & Portfolio Manager

20 Years of Industry Experience

Kewjin Yuoh
Kewjin Yuoh

Partner & Portfolio Manager

24 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Director of Taxable Fixed Income

17 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Chief Investment Officer

27 Years of Industry Experience

Supported By 63 Investment Professionals with 14 Years Avg. Industry Experience

Contact a Representative

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

Performance

Performance

Dividend Yield 1 as of 11/16/2018  

w/o sales charge 3.92%

30-Day Standardized Yield 2 as of 10/31/2018  

  Subsidized5 Un-Subsidized6
w/o sales charge 3.72% 3.72%

Fund Expense Ratio :

1.08%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/02/2008
w/o sales charge -2.90% -2.37% 3.26% 2.98% 7.66% 5.62%
Lipper Category Avg. Corporate Debt Funds BBB-Rated -3.46% -2.92% 2.26% 2.59% 6.19% -
Bloomberg Barclays U.S. Credit Bond Index -3.49% -2.81% 2.34% 2.81% 6.43% 4.92%

Fund Expense Ratio :

1.08%

Fund Expense Ratio :

1.08%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/02/2008
w/o sales charge -1.78% -0.63% 3.91% 3.65% 6.60% 5.79%
Lipper Category Avg. Corporate Debt Funds BBB-Rated -2.14% -1.29% 2.99% 3.21% 5.65% -
Bloomberg Barclays U.S. Credit Bond Index -2.12% -1.10% 2.98% 3.40% 5.94% 5.11%

Fund Expense Ratio :

1.08%

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

Year Fund Returns Bloomberg Barclays U.S. Credit Bond Index
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% -3.08%
Year Q1 Q2 Q3 Q4 Yearly Returns
2018 -1.55% -0.83% 0.60% - -3.06%
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
Sovereign
Bank Loans
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 10/31/2018

Rating Assets
U.S. Treasury
AAA
AA
A
BBB
<BBB

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 09/30/2018

  • We hold the view that U.S. domestic growth will separate from global weakness and continue to remain generally optimistic that the U.S. economy will grow due to solid economic fundamentals and strong employment. We remain focused towards domestic opportunities given the potential for increased volatility and event risk abroad. We continue to emphasize liquidity and flexibility within the portfolio, and trade risk opportunistically based on valuations and spread volatility relative to underlying fundamentals.
  • During the third quarter, we continued to rotate out of high yield corporate bonds into investment grade corporate bonds, specifically favoring “BBB” rated corporate bonds. While high yield corporate bonds benefitted during the period from the positive economic backdrop, we were able to realize profits from favorable performance and increased the portfolio’s exposure to longer term high grade corporate bonds in order to take advantage of relative value opportunities.
  • Additionally, we decreased the portfolio’s exposure to the energy sector. While the portfolio continued to be overweight this sector and focus on companies that have benefitted from rising oil prices, energy’s performance has been volatile over the quarter due to trade friction and inventory and supply concerns.
  • While corporate bonds are the portfolio’s focus, we maintained the portfolio’s modest allocation to CMBS and tactically increased the portfolio’s allocation to high quality mortgage-backed securities (MBS), specifically adding higher coupon MBS that have been more resilient as rates rose during the period. As volatility remains low, we continue to trade a range based on spreads to Treasuries. We believe this sector will perform well as we head into the late innings of the credit cycle.
  • We decreased the portfolio’s allocation to asset-backed securities (ABS) as spreads remained tight. However, we continue to find this area of the market attractive given the liquidity that it provides and believe that ABS presents unique opportunities to find pockets of relative value and offers strong carry opportunities relative to other high quality asset classes.

Portfolio Details as of 10/31/2018

Total Net Assets
$2.13 B
Number of Issues
615
Average Coupon
5.13%
Average Life
8.61 Years
Average Maturity
8.61 Years
Average Effective Duration
6.14 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
AT&T, Inc. 6.000% 08/15/2040 1.1%
U.S. Treasury Note/Bond 2.875% 05/15/2028 1.1%
Verizon Communications, Inc. 4.862% 08/21/2046 1.1%
CVS Caremark Corp. 4.300% 03/25/2028 1.1%
U.S. Treasury Note/Bond 1.625% 11/15/2022 1.1%
Citigroup, Inc. 3.887% 01/10/2028 1.0%
U.S. Treasury Note/Bond 2.875% 10/31/2023 1.0%
Ford Motor Co. 7.450% 07/16/2031 0.8%
Hyundai Capital America 2.500% 03/18/2019 0.8%
NBCUniversal Enterprise, Inc. 5.250% 06/19/2099 0.7%
% of Total Assets 9.8%

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
FNMA Conventional Long T. 30yr4.000% 04/30/20471.7%
U.S. Treasury Note/Bond2.875% 09/30/20231.3%
AT&T, Inc.6.000% 08/15/20401.2%
Verizon Communications, Inc.4.862% 08/21/20461.1%
CVS Caremark Corp.4.300% 03/25/20281.1%
U.S. Treasury Note/Bond1.625% 11/15/20221.0%
Citigroup, Inc.3.887% 01/10/20281.0%
U.S. Treasury Note/Bond2.875% 05/15/20280.9%
Hyundai Capital America2.500% 03/18/20190.8%
General Motors Co.6.750% 04/01/20460.7%
NBCUniversal Enterprise, Inc.5.250% 06/19/20990.7%
JPMorgan Chase & Co.4.250% 10/15/20200.7%
Ford Motor Co.7.450% 07/16/20310.7%
Time Warner Cable LLC7.300% 07/01/20380.6%
Universal Health Services, Inc.4.750% 08/01/20220.6%
UBS AG Registered Shares5.125% 05/15/20240.6%
Kinder Morgan, Inc.7.750% 01/15/20320.6%
HCA, Inc.5.500% 06/15/20470.6%
Helmerich & Payne International Drilling Co.4.650% 03/15/20250.6%
Continental Resources, Inc.5.000% 09/15/20220.6%
21st Century Fox America, Inc.7.750% 12/01/20450.6%
ENI SpA5.700% 10/01/20400.6%
Teachers Insurance & Annuity Association of Americ4.900% 09/15/20440.5%
Valero Energy Corp.10.500% 03/15/20390.5%
SCANA Corp.4.125% 02/01/20220.5%
Vale Overseas Ltd.6.875% 11/10/20390.5%
Tencent Holdings Ltd.3.595% 01/19/20280.5%
Sabine Pass Liquefaction LLC5.625% 04/15/20230.5%
PSEG Power LLC8.625% 04/15/20310.5%
Amgen, Inc.6.400% 02/01/20390.5%
Commonwealth Bank of Australia4.500% 12/09/20250.5%
Williams Cos., Inc.0.000% 10/01/20180.5%
Dell International LLC / EMC Corp.8.350% 07/15/20460.5%
Nvent Finance Sarl4.550% 04/15/20280.5%
UBS AG7.625% 08/17/20220.4%
NXP BV / NXP Funding LLC4.625% 06/01/20230.4%
Goldman Sachs Group, Inc.6.750% 10/01/20370.4%
Bank of America Corp.4.450% 03/03/20260.4%
CNH Capital LLC4.375% 04/05/20220.4%
Bank of Ireland Group PLC4.125% 09/19/20270.4%
Cox Communications, Inc.8.375% 03/01/20390.4%
Sabine Pass Liquefaction LLC5.875% 06/30/20260.4%
Goldcorp, Inc.3.700% 03/15/20230.4%
Baidu, Inc.3.875% 09/29/20230.4%
Yara International ASA7.875% 06/11/20190.4%
Wells Fargo Capital X5.950% 12/15/20360.4%
Bacardi Ltd.4.700% 05/15/20280.4%
Bank of America Corp.3.824% 01/20/20280.4%
Myriad International Holdings BV6.000% 07/18/20200.4%
Energy Transfer Partners LP7.500% 07/01/20380.4%
Reckson Operating Partnership7.750% 03/15/20200.4%
U.S. Treasury Note/Bond2.625% 02/28/20230.4%
Vodafone Group plc4.375% 05/30/20280.4%
AT&T, Inc.6.350% 03/15/20400.4%
TransAlta Corp.4.500% 11/15/20220.4%
American Airlines Class B Pass Through Trust4.375% 10/01/20220.4%
World Financial Network Credit Card Master Trust2.310% 08/15/20240.4%
North Texas Tollway Auth8.910% 02/01/20300.4%
Kerr-McGee Corp.7.875% 09/15/20310.4%
EPR Properties4.950% 04/15/20280.4%
American Airlines Class B Pass Through Trust5.600% 07/15/20200.4%
Exelon Generation Co. LLC6.250% 10/01/20390.4%
American International Group, Inc.4.800% 07/10/20450.4%
GE Capital International Funding Co.4.418% 11/15/20350.4%
Bermuda Government International Bond3.717% 01/25/20270.4%
Progress Energy, Inc.7.750% 03/01/20310.3%
Navient Corp.6.625% 07/26/20210.3%
Pacific Gas & Electric Co.6.050% 03/01/20340.3%
Protective Life Corp.8.450% 10/15/20390.3%
VEREIT Operating Partnership L.P.4.875% 06/01/20260.3%
Morgan Stanley3.875% 01/27/20260.3%
CNAC HK Finbridge Co Ltd3.000% 07/19/20200.3%
American Airlines Class B Pass Through Trust5.625% 01/15/20210.3%
CRH America Finance, Inc.3.950% 04/04/20280.3%
Kilroy Realty L.P.6.625% 06/01/20200.3%
Santander UK plc7.950% 10/26/20290.3%
Tech Data Corp.3.700% 02/15/20220.3%
PVH Corp.7.750% 11/15/20230.3%
J.P.Morgan Securities LLC0.010% -0.3%
Hitachi America Capital Ltd0.000% 10/01/20180.3%
Bunge Asset Funding Corp0.000% 10/01/20180.3%
Drive Auto Receivables Trust 2017-12.840% 04/15/20220.3%
Universal Health Services, Inc.5.000% 06/01/20260.3%
Carnival plc7.875% 06/01/20270.3%
Midcontinent Express Pipeline LLC6.700% 09/15/20190.3%
Ausgrid Finance Pty Ltd4.350% 08/01/20280.3%
Aon plc8.205% 01/01/20270.3%
Trimble Navigation Ltd.4.900% 06/15/20280.3%
National Fuel Gas Co.3.750% 03/01/20230.3%
Fresenius Medical Care US Finance II, Inc.5.875% 01/31/20220.3%
Motiva Enterprises LLC5.750% 01/15/20200.3%
Williams Cos., Inc.8.750% 03/15/20320.3%
IFM US Colonial Pipeline 2 LLC6.450% 05/01/20210.3%
Alexandria Real Estate Equities, Inc.3.450% 04/30/20250.3%
Wabtec Corp.4.700% 09/15/20280.3%
Export-Import Bank of India3.875% 02/01/20280.3%
Healthcare Realty Trust, Inc.3.625% 01/15/20280.3%
Broadcom Corp. / Broadcom Cayman Finance Ltd.3.125% 01/15/20250.3%
Anglo American Capital plc4.750% 04/10/20270.3%
Dell International LLC / EMC Corp6.020% 06/15/20260.3%
Time Warner Entertainment Co. L.P.8.375% 07/15/20330.3%
International Lease Finance Corp.5.875% 04/01/20190.3%
Glencore Finance Canada Ltd.5.550% 10/25/20420.3%
The Royal Bank of Scotland Group PLC3.875% 09/12/20230.3%
Caesars Palace Las Vegas Trust 2017-VICI3.531% 10/15/20340.3%
Fidelity National Financial Group4.500% 08/15/20280.3%
SCANA Corp.4.750% 05/15/20210.3%
Macquarie Group Ltd.4.654% 03/27/20290.3%
People's United Financial, Inc.3.650% 12/06/20220.3%
Halliburton Co.7.450% 09/15/20390.3%
Cleco Power LLC6.000% 12/01/20400.2%
Kraft Heinz Foods Co.6.875% 01/26/20390.2%
Neuberger Berman Group LLC4.875% 04/15/20450.2%
Edison International4.125% 03/15/20280.2%
DBWF 2018-AMXP Mortgage Trust3.917% 05/05/20350.2%
Credit Suisse AG6.500% 08/08/20230.2%
American Homes 4 Rent LP4.250% 02/15/20280.2%
Ras Laffan Liquefied Natural Gas Co., Ltd.6.750% 09/30/20190.2%
California Republic Auto Receivables Trust2.530% 06/15/20210.2%
Kinross Gold Corp.4.500% 07/15/20270.2%
U.S. Treasury Note/Bond2.750% 09/15/20210.2%
International Paper Co.7.300% 11/15/20390.2%
Citigroup, Inc.3.668% 07/24/20280.2%
Discover Bank3.450% 07/27/20260.2%
Enel Finance International N.V.2.750% 04/06/20230.2%
Dominion Resources, Inc.7.000% 06/15/20380.2%
CNO Financial Group, Inc.5.250% 05/30/20250.2%
Embraer Overseas Ltd.5.696% 09/16/20230.2%
Ammc Clo 19 Ltd.3.839% 10/15/20280.2%
GoldenTree Loan Opportunities IX Ltd3.709% 10/29/20260.2%
Comcast Corp.3.969% 11/01/20470.2%
Credit Suisse Group AG7.500% 07/16/21680.2%
CNOOC Curtis Funding No 1 Pty Ltd.4.500% 10/03/20230.2%
Magna International, Inc.0.000% 10/01/20180.2%
Lockheed Martin Corp.0.000% 10/01/20180.2%
Entergy Corp.0.000% 10/01/20180.2%
ConAgra Brands, Inc.0.000% 10/01/20180.2%
Schlumberger Holdings Corp.0.000% 10/01/20180.2%
AutoNation, Inc.0.000% 10/01/20180.2%
Discovery Communications LLC0.000% 10/01/20180.2%
McCormick & Co., Inc.0.000% 10/04/20180.2%
Alibaba Group Holding Ltd.4.500% 11/28/20340.2%
ICG US CLO 2015-2 Ltd3.189% 01/16/20280.2%
GATX Corp.4.550% 11/07/20280.2%
JB y Co SA de CV3.750% 05/13/20250.2%
Life Technologies Corp.6.000% 03/01/20200.2%
Indika Energy Capital III Pte Ltd5.875% 11/09/20240.2%
Government National Mortgage Association2.600% 06/16/20570.2%
Avery Point VII CLO Ltd3.839% 01/15/20280.2%
Tapstone Energy LLC / Tapstone Energy Finance Corp9.750% 06/01/20220.2%
Sberbank of Russia Via SB Capital S.A.4.150% 03/06/20190.2%
National Oilwell Varco, Inc.3.950% 12/01/20420.2%
Tengizchevroil Finance Co International Ltd4.000% 08/15/20260.2%
Discover Bank4.682% 08/09/20280.2%
Leidos, Inc.7.125% 07/01/20320.2%
Macquarie Bank Ltd.6.625% 04/07/20210.2%
IHS Markit Ltd4.000% 03/01/20260.2%
Brixmor Operating Partnership L.P.3.850% 02/01/20250.2%
Israel Electric Corp.4.250% 08/14/20280.2%
Hardee's Funding LLC4.959% 06/20/20480.2%
Palmer Square Loan Funding 2018-1 Ltd2.939% 04/15/20260.2%
Canadian Natural Resources Ltd.7.200% 01/15/20320.2%
Republic of Argentina6.875% 04/22/20210.2%
Origin Energy Finance Ltd.5.450% 10/14/20210.2%
OHA Loan Funding 2016-1 Ltd4.148% 01/20/20280.2%
Hanover Insurance Group, Inc.4.500% 04/15/20260.2%
Netflix, Inc.3.625% 05/15/20270.2%
Brighthouse Financial Inc3.700% 06/22/20270.2%
CRH America Finance, Inc.4.500% 04/04/20480.2%
Phosagro OAO via Phosagro Bond Funding Ltd3.949% 04/24/20230.2%
Enbridge, Inc.6.000% 01/15/20770.2%
Nationstar Mortgage Holdings, Inc.9.125% 07/15/20260.2%
World Financial Network Credit Card Master Trust2.030% 04/15/20250.2%
Chaparral Energy, Inc.8.750% 07/15/20230.2%
Baidu, Inc.3.625% 07/06/20270.2%
SunTrust Auto Receivables Trust3.240% 01/16/20230.2%
Santander Drive Auto Receivables Trust 2014-54.230% 04/15/20220.2%
Conn's Receivables Funding 2017-B LLC5.950% 11/15/20220.2%
Morgan Stanley3.583% 05/08/20240.2%
Royal Caribbean Cruises Ltd.5.250% 11/15/20220.2%
MMC Norilsk Nickel OJSC via MMC Finance Ltd.4.100% 04/11/20230.2%
Sempra Energy4.000% 02/01/20480.2%
Neuberger Berman Group LLC4.500% 03/15/20270.2%
Saka Energi Indonesia PT4.450% 05/05/20240.2%
Enbridge Energy Partners L.P.6.135% 10/01/20370.2%
JD.com, Inc.3.875% 04/29/20260.2%
Newell Rubbermaid, Inc.3.150% 04/01/20210.2%
VEREIT Operating Partnership L.P.3.950% 08/15/20270.2%
National Fuel Gas Co.4.900% 12/01/20210.2%
Expedia, Inc.5.000% 02/15/20260.2%
Southern Copper Corp.5.250% 11/08/20420.2%
BAT International Finance plc0.000% 10/01/20180.2%
Energy Transfer Partners L.P.0.000% 10/01/20180.2%
Pacific Gas & Electric Co.3.300% 12/01/20270.2%
Energy Transfer Partners LP8.250% 11/15/20290.2%
American Axle & Manufacturing, Inc.6.500% 04/01/20270.2%
BBVA Bancomer SA5.125% 01/18/20330.2%
Discover Financial Services4.100% 02/09/20270.2%
Fresenius Medical Care US Finance II, Inc.4.750% 10/15/20240.2%
Yara International ASA4.750% 06/01/20280.2%
BWAY Holding Co.7.250% 04/15/20250.2%
Spectra Energy Partners L.P.3.016% 06/05/20200.2%
Vulcan Materials Co.2.971% 03/01/20210.2%
Abu Dhabi National Energy Co.4.875% 04/23/20300.2%
Intesa Sanpaolo SpA5.710% 01/15/20260.2%
Gazprom OAO Via Gaz Capital SA4.950% 02/06/20280.2%
AT&T, Inc.5.350% 09/01/20400.2%
Mylan, Inc.4.550% 04/15/20280.2%
Pentair Finance SA2.650% 12/01/20190.2%
OM Asset Management plc4.800% 07/27/20260.2%
U.S. Treasury Note/Bond6.250% 08/15/20230.2%
Zimmer Biomet Holdings, Inc.5.750% 11/30/20390.2%
Crestline Denali CLO XIV Ltd3.917% 10/23/20280.2%
Kennametal, Inc.4.625% 06/15/20280.2%
Embraer Netherlands Finance BV5.050% 06/15/20250.2%
New Gold, Inc.6.250% 11/15/20220.2%
Centene Corp.5.625% 02/15/20210.2%
World Financial Network Credit Card Master Trust2.660% 08/15/20240.2%
Santander UK Group Holdings plc3.823% 11/03/20280.2%
Caesars Palace Las Vegas Trust 2017-VICI3.835% 10/15/20340.2%
Discovery Communications3.547% 03/06/20210.2%
Cent CLO 22 Ltd3.753% 11/07/20260.2%
Calpine Corp.5.500% 02/01/20240.2%
Northwell Healthcare, Inc.3.979% 11/01/20460.2%
Healthcare Trust of America Holdings LP2.950% 07/01/20220.2%
JBS USA LLC/JBS USA Finance, Inc.7.250% 06/01/20210.2%
Barclays Bank plc10.179% 06/12/20210.2%
Mississippi Power Co.4.250% 03/15/20420.2%
YPF S.A.7.000% 12/15/20470.2%
Centene Corp.5.375% 06/01/20260.2%
Bayer Corp6.650% 02/15/20280.2%
Bank of Montreal3.803% 12/15/20320.2%
Dr. Pepper Snapple Group, Inc.5.085% 05/25/20480.2%
Roper Industries, Inc.4.200% 09/15/20280.2%
Avista Corp.4.350% 06/01/20480.2%
Barrick International Barbados Corp.6.350% 10/15/20360.2%
VEREIT Operating Partnership L.P.3.000% 02/06/20190.2%
WeWork Cos Inc7.875% 05/01/20250.1%
Broadcom Corp. / Broadcom Cayman Finance Ltd.3.875% 01/15/20270.1%
Discover Bank7.000% 04/15/20200.1%
Apache Corp.5.100% 09/01/20400.1%
Republic of Argentina4.625% 01/11/20230.1%
Alibaba Group Holding Ltd.4.400% 12/06/20570.1%
Chicago Parking Meters LLC5.489% 12/30/20200.1%
Building Materials Corp. of America5.375% 11/15/20240.1%
Sigma Alimentos S.A. de C.V.4.125% 05/02/20260.1%
Westpac Banking Corp.4.322% 11/23/20310.1%
Edwards Lifesciences Corp.4.300% 06/15/20280.1%
First Data Corp.7.000% 12/01/20230.1%
GCI LLC6.875% 04/15/20250.1%
Mountain Hawk III CLO Ltd.3.533% 04/18/20250.1%
Ausdrill Finance Pty Ltd.6.875% 11/01/20190.1%
Unum Group5.750% 08/15/20420.1%
JPMorgan Chase & Co.3.540% 05/01/20280.1%
Synchrony Credit Card Master Note Trust2.620% 10/15/20250.1%
Exelon Generation Co. LLC5.600% 06/15/20420.1%
CNH Capital LLC4.875% 04/01/20210.1%
Actavis Funding SCS4.850% 06/15/20440.1%
Burlington Northern Santa Fe LLC6.150% 05/01/20370.1%
Level 3 Parent LLC5.750% 12/01/20220.1%
Vale Overseas Ltd.6.250% 08/10/20260.1%
Resolute Energy Corp.8.500% 05/01/20200.1%
Thacher Park CLO Ltd.3.508% 10/20/20260.1%
Carrizo Oil & Gas, Inc.7.500% 09/15/20200.1%
Duqesne Light Holdings, Inc.6.250% 08/15/20350.1%
SCE Trust III0.000% -0.1%
Country Garden Holdings Co. Ltd.4.750% 09/28/20230.1%
Southern California Edison Co.0.000% 10/01/20180.1%
Dollar General Corp.0.000% 10/01/20180.1%
United Rentals, Inc.4.875% 01/15/20280.1%
Energy Transfer Partners L.P.0.000% 10/15/20180.1%
Appalachian Power Co.7.000% 04/01/20380.1%
Drive Auto Receivables Trust3.020% 11/15/20210.1%
Chrysler Capital Auto Receivables Trust 2015-B2.700% 12/15/20200.1%
Illinois, IL5.877% 03/01/20190.1%
NextGear Floorplan Master Owner Trust2.740% 04/15/20210.1%
American International Group, Inc.4.125% 02/15/20240.1%
COMM 2016-SAVA Mortgage Trust3.878% 10/15/20340.1%
CNAC HK Finbridge Co Ltd3.500% 07/19/20220.1%
Titan International, Inc.6.500% 11/30/20230.1%
Oasis Petroleum, Inc.6.875% 03/15/20220.1%
Peabody Energy Corp.6.000% 03/31/20220.1%
Alta Mesa Holdings L.P. / Alta Mesa Finance Servic7.875% 12/15/20240.1%
Time Warner Cable LLC6.550% 05/01/20370.1%
Hyundai Capital America2.000% 07/01/20190.1%
Florida Gas Transmission Co., LLC3.875% 07/15/20220.1%
Lincoln National Corp.7.000% 06/15/20400.1%
Fluor Corp.4.250% 09/15/20280.1%
Weatherford International Ltd. Bermuda9.875% 03/01/20390.1%
Benefit Street Partners CLO IV Ltd4.398% 01/20/20290.1%
E*TRADE Financial Corp.4.500% 06/20/20280.1%
First Quantum Minerals Ltd.6.875% 03/01/20260.1%
CSC Holdings LLC10.125% 01/15/20230.1%
The Royal Bank of Scotland Group PLC4.892% 05/18/20290.1%
PPL WEM Ltd./Western Power Distribution Ltd.5.375% 05/01/20210.1%
Scientific Games International, Inc.10.000% 12/01/20220.1%
Expedia, Inc.3.800% 02/15/20280.1%
Seven Generations Energy Ltd.6.875% 06/30/20230.1%
Columbia Pipeline Group, Inc.3.300% 06/01/20200.1%
Magnetite XI Ltd3.453% 01/18/20270.1%
Drive Auto Receivables Trust3.840% 07/15/20210.1%
Marvell Technology Group Ltd.4.200% 06/22/20230.1%
Anheuser-Busch InBev Finance, Inc.4.700% 02/01/20360.1%
Popular, Inc.7.000% 07/01/20190.1%
Precision Drilling Corp.5.250% 11/15/20240.1%
US Cellular Corp.6.700% 12/15/20330.1%
T-Mobile USA, Inc.6.000% 04/15/20240.1%
Electricite de France SA5.000% 09/21/20480.1%
Scientific Games International, Inc.6.625% 05/15/20210.1%
CIT Group, Inc.6.125% 03/09/20280.1%
Lima Metro Line 2 Finance Ltd.5.875% 07/05/20340.1%
Wyndham Hotels & Resorts3.992% 03/28/20250.1%
Bombardier, Inc.7.500% 03/15/20250.1%
Turkiye Vakiflar Bankasi Tao5.750% 01/30/20230.1%
North Texas Tollway Auth8.410% 02/01/20300.1%
Trinidad Drilling Ltd.6.625% 02/15/20250.1%
Bowman Park CLO Ltd.3.490% 11/23/20250.1%
Sanchez Energy Corp.6.125% 01/15/20230.1%
Hunt Cos Inc6.250% 02/15/20260.1%
Energy Transfer Partners LP9.000% 11/01/20240.1%
Sabal Trail Transmission LLC4.246% 05/01/20280.1%
National Fuel Gas Co.3.950% 09/15/20270.1%
Navient Corp.5.875% 03/25/20210.1%
California Republic Auto Receivables Trust1.750% 01/15/20210.1%
Air Canada 2015-2 Class B Pass Through Trust5.000% 12/15/20230.1%
Mountain View CLO X Ltd3.687% 10/13/20270.1%
Teva Pharmaceutical Finance Netherlands III BV1.700% 07/19/20190.1%
Avis Budget Rental Car Funding2.460% 07/20/20200.1%
Rayonier AM Products, Inc.5.500% 06/01/20240.1%
Litton Industries, Inc.7.750% 03/15/20260.1%
Norfolk Southern Corp.5.590% 05/17/20250.1%
SESI LLC7.125% 12/15/20210.1%
Itron, Inc.5.000% 01/15/20260.1%
Eterna Capital Pte Ltd7.500% 12/11/20220.1%
Republic of Argentina5.875% 01/11/20280.1%
Government National Mortgage Association2.700% 07/16/20570.1%
Standard Chartered plc4.247% 01/20/20230.1%
Cleveland Electric Illuminating Co.3.500% 04/01/20280.1%
Gulf South Pipeline Co L.P.4.000% 06/15/20220.1%
Alexandria Real Estate Equities, Inc.3.950% 01/15/20280.1%
SURA Asset Management SA4.375% 04/11/20270.1%
CNH Equipment Trust1.890% 04/15/20220.1%
Cent CLO Ltd.3.669% 10/29/20250.1%
Griffon Corp.5.250% 03/01/20220.1%
Brand Energy & Infrastructure Services Inc8.500% 07/15/20250.1%
Royal Caribbean Cruises Ltd.7.500% 10/15/20270.1%
Citigroup, Inc.4.600% 03/09/20260.1%
Acwa Power Management And Investments One Ltd5.950% 12/15/20390.1%
Silversea Cruise Finance Ltd.7.250% 02/01/20250.1%
Reynolds Group Issuer, Inc.5.750% 10/15/20200.1%
Caesars Palace Las Vegas Trust 2017-VICI4.138% 10/15/20340.1%
Avis Budget Rental Car Funding2.970% 02/20/20200.1%
Mohegan Tribal Gaming Authority7.875% 10/15/20240.1%
Intesa Sanpaolo SpA3.875% 01/12/20280.1%
Palmer Square Loan Funding 2017-1 Ltd4.039% 10/15/20250.1%
Banco Mercantil del Norte SA/Grand Cayman7.625% 07/06/21670.1%
Braskem Netherlands Finance BV4.500% 01/10/20280.1%
SL Green Operating Partnership L.P.3.250% 10/15/20220.1%
CNH Capital LLC0.000% 10/02/20180.1%
Williams Scotsman International Inc7.875% 12/15/20220.1%
ZF North America Capital, Inc.4.000% 04/29/20200.1%
Oztel Holdings SPC Ltd6.625% 04/24/20280.1%
Liberty Mutual Group, Inc.5.000% 06/01/20210.1%
EnCana Corp.6.500% 05/15/20190.1%
Newmont Mining Corp.5.125% 10/01/20190.1%
Yum! Brands, Inc.6.875% 11/15/20370.1%
Berry Petroleum Co.7.000% 02/15/20260.1%
Huntington Auto Trust1.590% 11/16/20200.1%
Enbridge Energy Partners L.P.9.875% 03/01/20190.1%
ONEOK Partners L.P.8.625% 03/01/20190.1%
Adani Ports & Special Economic Zone Ltd4.000% 07/30/20270.1%
Navient Corp.6.750% 06/25/20250.1%
ONEOK, Inc.0.000% 10/01/20180.1%
South Carolina Fuel Co Inc0.000% 10/02/20180.1%
Energy Transfer Partners L.P.0.000% 10/04/20180.1%
Enbridge Energy Partners L.P.0.000% 10/12/20180.1%
Texas Eastern Transmission L.P.4.125% 12/01/20200.1%
Citizens Financial Group, Inc.4.150% 09/28/20220.1%
Popular, Inc.6.125% 09/14/20230.1%
Microchip Technology Inc0.000% 05/23/20250.1%
Government National Mortgage Association2.750% 02/16/20580.1%
EPR Properties4.500% 04/01/20250.1%
Goldcorp, Inc.3.625% 06/09/20210.1%
Martin Marietta Materials, Inc.2.980% 05/22/20200.1%
Enable Midstream Partners L.P.2.400% 05/15/20190.1%
Discover Financial Services3.850% 11/21/20220.1%
Continental Resources, Inc.4.900% 06/01/20440.1%
Zimmer Biomet Holdings, Inc.3.375% 11/30/20210.1%
KazMunayGas National Co.6.375% 10/24/20480.1%
MHP Lux SA6.950% 04/03/20260.1%
Albertsons Cos LLC / Safeway, Inc. / New Albertson6.625% 06/15/20240.1%
TIBCO Software, Inc.11.375% 12/01/20210.1%
Wells Fargo Commercial Mortgage Trust4.423% 07/15/20460.1%
Illinois, IL5.100% 06/01/20330.1%
KOC Holding AS5.250% 03/15/20230.1%
Vedanta Resources plc6.125% 08/09/20240.1%
Macquarie Bank Ltd.4.875% 06/10/20250.1%
AbbVie, Inc.4.700% 05/14/20450.1%
Alibaba Group Holding Ltd.4.200% 12/06/20470.1%
China Evergrande Group8.750% 06/28/20250.1%
Huntington Bancshares, Inc.5.700% 12/31/20990.1%
Barclays Dryrock Issuance Trust 2016-11.520% 05/16/20220.1%
CSMC Trust4.373% 09/15/20370.1%
Synchrony Credit Card Master Note Trust2.820% 10/15/20250.1%
Dow Chemical Co.9.400% 05/15/20390.1%
Blitz F18-674 GmbH6.000% 07/30/20260.1%
Jamestown CLO VII Ltd.3.635% 07/25/20270.1%
China Overseas Finance Cayman V Ltd.5.350% 11/15/20420.1%
Yingde Gases Investment Ltd6.250% 01/19/20230.1%
Turkiye Garanti Bankasi AS6.250% 04/20/20210.1%
Valmont Industries, Inc.5.250% 10/01/20540.1%
Hyundai Capital America1.750% 09/27/20190.1%
Infraestructura Energetica Nova SAB de CV4.875% 01/14/20480.1%
COMM Mortgage Trust4.588% 07/10/20500.1%
CPG Merger Sub LLC8.000% 10/01/20210.1%
Charter Communications Operating LLC6.484% 10/23/20450.1%
Minejesa Capital BV5.625% 08/10/20370.1%
Red de Carreteras de Occidente SAPIB de CV9.000% 06/10/20280.1%
Delta Merger Sub Inc6.000% 09/15/20260.1%
JPMBB Commercial Mortgage Securities Trust4.441% 07/15/20480.1%
Government National Mortgage Association2.600% 07/16/20580.1%
William Lyon Homes, Inc.7.000% 08/15/20220.1%
Enterprise Products Operating LLC7.550% 04/15/20380.1%
Palmer Square Loan Funding 2018-1 Ltd3.389% 04/15/20260.1%
Barrick North America Finance LLC7.500% 09/15/20380.1%
Akbank TAS7.200% 03/16/20270.1%
VA Electric & Power Co.8.875% 11/15/20380.1%
Tesoro Logistics L.P.6.250% 10/15/20220.1%
Avery Point CLO Ltd.3.836% 07/17/20260.1%
Seneca Park CLO Ltd.3.456% 07/17/20260.1%
Chobani LLC / Chobani Finance Corp Inc7.500% 04/15/20250.1%
SCANA Corp.6.250% 04/01/20200.1%
U.S. Treasury Note/Bond3.000% 02/15/20480.1%
Express Scripts Holding Co.6.125% 11/15/20410.1%
GAHR Commericial Mortgage Trust3.495% 12/15/20340.1%
Teva Pharmaceutical Finance Co., LLC6.150% 02/01/20360.1%
Kaiser Foundation Hospitals4.150% 05/01/20470.1%
E*TRADE Financial Corp.3.800% 08/24/20270.1%
Century Communities, Inc.5.875% 07/15/20250.1%
DBWF Mortgage Trust3.535% 06/10/20340.1%
Syngenta Finance NV4.441% 04/24/20230.1%
Surgery Center Holdings, Inc.8.875% 04/15/20210.1%
Doncasters US Finance LLC (Doncasters US LLC)5.886% 04/09/20200.1%
Avery Point CLO Ltd.3.935% 04/25/20260.1%
Provident Funding Associates L.P. / PFG Finance Co6.375% 06/15/20250.1%
SCF Equipment Leasing 2017-2 LLC3.410% 12/20/20230.1%
Madison Park Funding XXI Ltd3.865% 07/25/20290.1%
UTEX Industries9.492% 05/22/20220.1%
Sterigenics-Nordion Topco LLC8.125% 11/01/20210.1%
Nationstar Mortgage LLC / Nationstar Capital Corp.6.500% 07/01/20210.1%
Morgan Stanley7.300% 05/13/20190.1%
Glencore Funding LLC4.125% 05/30/20230.1%
GS Mortgage Securities Trust1.576% 06/10/20460.1%
Palmer Square Loan Funding 2018-1 Ltd3.739% 04/15/20260.1%
Toronto-Dominion Bank3.625% 09/15/20310.1%
Energy Transfer Partners LP6.125% 12/15/20450.1%
Bill Barrett Corp.7.000% 10/15/20220.1%
Waste Pro USA Inc5.500% 02/15/20260.1%
California Republic Auto Receivables Trust 2015-43.730% 11/15/20210.1%
ACC Trust 2018-14.820% 05/20/20210.1%
Lockheed Martin Corp.7.750% 05/01/20260.1%
Chaparral Energy, Inc.0.000% -0.1%
GS Mortgage Securities Trust0.654% 06/10/20460.1%
Citigroup, Inc.5.950% 12/31/20990.1%
West Fraser Timber Co. Ltd.4.350% 10/15/20240.0%
Kinder Morgan, Inc.5.625% 11/15/20230.0%
Macquarie Bank Ltd./London6.125% 03/08/21670.0%
Joseph T Ryerson & Son, Inc.11.000% 05/15/20220.0%
Cox Communications, Inc.4.500% 06/30/20430.0%
Santander Drive Auto Receivables Trust 2016-31.890% 06/15/20210.0%
Rumo Luxembourg Sarl7.375% 02/09/20240.0%
Newfield Exploration Co.5.750% 01/30/20220.0%
Florida Gas Transmission Co., LLC7.900% 05/15/20190.0%
Emera US Finance L.P.2.700% 06/15/20210.0%
Willis North America, Inc.7.000% 09/29/20190.0%
Duqesne Light Holdings, Inc.6.400% 09/15/20200.0%
Galaxy XXI CLO Ltd3.368% 04/20/20310.0%
Royal Caribbean Cruises Ltd.3.700% 03/15/20280.0%
GS Mortgage Securities Trust4.558% 07/10/20480.0%
Teco Finance, Inc.5.150% 03/15/20200.0%
Goodman US Finance Three LLC3.700% 03/15/20280.0%
Glencore Finance Canada Ltd.4.250% 10/25/20220.0%
Newell Rubbermaid, Inc.3.850% 04/01/20230.0%
Studio City Co Ltd7.250% 11/30/20210.0%
Rede D'or Finance Sarl4.950% 01/17/20280.0%
Range Resources Corp.5.000% 08/15/20220.0%
Smithfield Foods, Inc.3.350% 02/01/20220.0%
Navios South American Logistics Inc / Navios Logis7.250% 05/01/20220.0%
Santander UK plc5.000% 11/07/20230.0%
Avery Point CLO Ltd.3.316% 07/17/20260.0%
OneMain Financial Issuance Trust 2016-1A3.660% 02/20/20290.0%
MPLX L.P.5.500% 02/15/20230.0%
Santander Drive Auto Receivables Trust 2016-14.020% 04/15/20220.0%
Access Point Funding I 2017-1 LLC3.060% 04/15/20290.0%
WildHorse Resource Development Corp6.875% 02/01/20250.0%
Conn's Receivables Funding 2017-B LLC2.730% 07/15/20200.0%
ACC Trust 2018-16.810% 02/21/20230.0%
THL Credit Wind River 2014-3 CLO Ltd3.947% 01/22/20270.0%
Drive Auto Receivables Trust4.590% 01/17/20230.0%
Coca-Cola Icecek A.S.4.750% 10/01/20180.0%
Magnetite XVIII Ltd3.714% 11/15/20280.0%
Carrizo Oil & Gas, Inc.8.250% 07/15/20250.0%
Glencore Funding LLC3.000% 10/27/20220.0%
Country Garden Holdings Co. Ltd.4.750% 01/17/20230.0%
Glencore Finance Canada Ltd.4.950% 11/15/20210.0%
SolarCity Corp.2.750% 11/01/20180.0%
Doncasters US Finance LLC (Doncasters US LLC)10.636% 10/09/20200.0%
ITC Holdings Corp.5.500% 01/15/20200.0%
Elanco Animal Health Inc4.900% 08/28/20280.0%
Apidos CLO XVI5.342% 01/19/20250.0%
UTEX Industries6.242% 05/22/20210.0%
Drive Auto Receivables Trust4.180% 03/15/20240.0%
Triumph Group, Inc.4.875% 04/01/20210.0%
Lincoln National Corp.6.300% 10/09/20370.0%
Avis Budget Rental Car Funding2.630% 12/20/20210.0%
Mosaic Co.2.552% 11/18/20210.0%
OI European Group BV4.000% 03/15/20230.0%
Merrill Lynch Mortgage Investors Trust Series6.250% 10/25/20360.0%
Government National Mortgage Association0.620% 07/16/20540.0%
NYU Hospitals Center4.368% 07/01/20470.0%
International Lease Finance Corp.5.875% 08/15/20220.0%
Ashtead Capital, Inc.5.625% 10/01/20240.0%
Illinois, IL5.520% 04/01/20380.0%
CIT Group, Inc.5.800% 12/31/20990.0%
Affiliated Managers Group, Inc.4.250% 02/15/20240.0%
HudBay Minerals, Inc.7.625% 01/15/20250.0%
Infor Software Parent LLC / Infor Software Parent7.125% 05/01/20210.0%
SL Green Realty Corp.4.500% 12/01/20220.0%
Kraft Heinz Foods Co.7.125% 08/01/20390.0%
Canadian Pacific Railway Co.9.450% 08/01/20210.0%
Hudsons Bay Simon JV Trust0.723% 08/05/20340.0%
Canadian Pacific Railway Co.7.125% 10/15/20310.0%
Intesa Sanpaolo SpA6.500% 02/24/20210.0%
Templar Energy LLC0.000% -0.0%
Peabody Energy Corp.6.375% 03/31/20250.0%
Affiliated Managers Group, Inc.3.500% 08/01/20250.0%
Diamond Resorts Owner Trust2.990% 05/22/20280.0%
Range Resources Corp.5.875% 07/01/20220.0%
WFRBS Commercial Mortgage Trust1.205% 05/15/20470.0%
Piaggio & C SpA3.625% 04/30/20250.0%
Kinetic Concepts, Inc. / KCI USA, Inc.12.500% 11/01/20210.0%
GS Mortgage Securities Trust0.331% 11/10/20480.0%
Oncor Electric Delivery Co. LLC7.500% 09/01/20380.0%
Santander Drive Auto Receivables Trust 2016-22.080% 02/16/20210.0%
NXP BV / NXP Funding LLC3.875% 09/01/20220.0%
Cox Communications, Inc.4.700% 12/15/20420.0%
Hudsons Bay Simon JV Trust0.665% 08/05/20340.0%
HudBay Minerals, Inc.7.250% 01/15/20230.0%
Sequoia Mortgage Trust2.069% 09/25/20420.0%
Engs Commercial Finance Trust2.310% 10/22/20210.0%
APX Group, Inc.8.750% 12/01/20200.0%
Oncor Electric Delivery Co. LLC7.000% 05/01/20320.0%
U.S. Treasury Note/Bond3.000% 05/15/20450.0%
Teva Pharmaceutical Finance Co. B.V.3.650% 11/10/20210.0%
Burlington Northern Santa Fe LLC6.200% 08/15/20360.0%
Mattel, Inc.2.350% 08/15/20210.0%
U.S. Treasury Note/Bond2.250% 08/15/20460.0%
Energy Transfer Partners LP / Regency Energy Finan5.000% 10/01/20220.0%
Bank of America Corp.2.600% 01/15/20190.0%
Diamond Resorts Owner Trust3.080% 11/20/20280.0%
TCF Auto Receivables Owner Trust3.530% 03/15/20220.0%
Enbridge Energy Partners L.P.0.000% 10/01/20180.0%
AmeriCredit Automobile Receivables Trust2.180% 06/08/20200.0%
Antero Resources Corp.5.125% 12/01/20220.0%
Reynolds Group Issuer, Inc.6.875% 02/15/20210.0%
Chaparral Energy, Inc.0.000% -0.0%
Xerox Corp.3.625% 03/15/20230.0%
Export Credit Bank of Turkey5.875% 04/24/20190.0%
Fiat Chrysler Automobiles N.V.5.250% 04/15/20230.0%
Canadian Oil Sands Ltd.4.500% 04/01/20220.0%
U.S. Treasury Note/Bond3.125% 11/15/20410.0%
U.S. Treasury Note/Bond2.500% 02/15/20460.0%
JPMBB Commercial Mortgage Securities Trust1.278% 04/15/20470.0%
Flagship Credit Auto Trust2.380% 10/15/20200.0%
Santander Drive Auto Receivables Trust2.570% 04/15/20210.0%
Templar Energy LLC0.000% -0.0%
DOMMO ENERGIA SA-SP ADR0.000% -0.0%
WFRBS Commercial Mortgage Trust0.723% 05/15/20470.0%
Everett Spinco2.584% 12/16/20210.0%
FX USD/EUR 12/180.000% 12/07/20180.0%
Drive Auto Receivables Trust2.370% 11/16/20200.0%
FX USD/EUR 12/180.000% 12/07/20180.0%
JPMBB Commercial Mortgage Securities Trust0.424% 04/15/20470.0%
U.S. Treasury Note/Bond4.375% 05/15/20410.0%
Federal Home Loan Mortgage Corp.0.000% 08/15/20220.0%
Eneva SA0.000% -0.0%
Afren plc10.250% 04/08/20190.0%
Federal Home Loan Mortgage Corp.0.000% 09/15/20220.0%
Afren plc6.625% 12/09/20200.0%
US ULTRA BOND CBT DEC180.000% 12/31/20180.0%
US 2YR NOTE (CBT) DEC180.000% 01/04/20190.0%
US LONG BOND(CBT) DEC180.000% 12/31/20180.0%
Federal National Mortgage Assoc.9.500% 08/25/20210.0%
Federal Home Loan Mortgage Corp.982.654% 04/15/20220.0%
Federal Home Loan Mortgage Corp.1010.500% 02/15/20210.0%
Federal Home Loan Mortgage Corp.1007.000% 02/15/20220.0%
Federal Home Loan Mortgage Corp.1008.500% 04/15/20210.0%
Federal Home Loan Mortgage Corp.0.000% 10/15/20210.0%
Federal Home Loan Mortgage Corp.0.000% 06/15/20210.0%
Federal Home Loan Mortgage Corp.0.000% 07/01/20220.0%
Federal National Mortgage Assoc.0.000% 04/25/20220.0%
Federal Home Loan Mortgage Corp.1195.607% 04/15/20210.0%
Federal Home Loan Mortgage Corp.544.714% 12/15/20200.0%
Federal Home Loan Mortgage Corp.1008.400% 11/15/20210.0%
Federal Home Loan Mortgage Corp.1007.780% 05/15/20210.0%
Federal National Mortgage Assoc.1008.000% 12/25/20210.0%
Federal Home Loan Mortgage Corp.409.000% 04/15/20210.0%
Federal Home Loan Mortgage Corp.1185.497% 09/15/20210.0%
Federal Home Loan Mortgage Corp.900.950% 12/15/20200.0%
OGX Austria GmbH8.500% 06/01/20190.0%
EURO-SCHATZ FUT DEC180.000% 12/10/20180.0%
Energizer Holdings Inc0.000% 05/18/20190.0%
Federal Home Loan Mortgage Corp.1009.000% 02/15/20210.0%
US 10YR NOTE (CBT)DEC180.000% 12/31/20180.0%
US 10YR ULTRA FUT DEC180.000% 12/31/20180.0%
US 5YR NOTE (CBT) DEC180.000% 01/04/20190.0%
FX USD/MXN 11/180.000% 11/14/20180.0%
Commercial Mortgage Backed Index Swap0.350% 10/17/20570.0%
Commercial Mortgage Backed Index Swap0.350% 10/17/20570.0%
Commercial Mortgage Backed Index Swap0.350% 10/17/20570.0%
J.P.Morgan Securities LLC0.010% -0.0%

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

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 11/16/2018
$0.087
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 10/31/2018 $0.00883 $2.71
Daily Daily 09/30/2018 $0.00880 $2.75
Daily Daily 08/31/2018 $0.00890 $2.76
Daily Daily 07/31/2018 $0.00876 $2.76
Daily Daily 06/30/2018 $0.00895 $2.76
Daily Daily 05/31/2018 $0.00890 $2.77
Daily Daily 04/30/2018 $0.00894 $2.78
Daily Daily 03/31/2018 $0.00877 $2.81
Daily Daily 02/28/2018 $0.00860 $2.82
Daily Daily 01/31/2018 $0.00802 $2.86

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 11/30/2018
Daily Daily 12/31/2018

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
12/18/2014 12/19/2014 $0.0038 $0.0108 $0.0146 $2.88
*

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
12/17/2018 12/18/2018

Fees & Expenses

Fees & Expenses

Expense Ratioas of 10/31/2018

1.08%

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.

 

 

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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