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Income Fund

Daily price w/o sales charge as of 01/14/2019

$2.70

$0.00

YTD Returns w/o sales charge as of 01/14/2019

0.92%

Overall Morningstar Ratings

Corporate Bond
as of 12/31/2018

Morningstar rated the Lord Abbett Income Fund class R6 share 5 stars among 181 Corporate Bond Funds for the overall rating and the 3 year periods ended 12/31/2018, respectively.

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 01/14/2019  

w/o sales charge 4.64%

30-Day Standardized Yield 2 as of 12/31/2018  

4.58%

Fund Basicsas of 12/31/2018

Total Net Assets
$2.06 B
Inception Date
06/30/2015
Dividend Frequency
Monthly
Fund Expense Ratio
0.48%
Number of Holdings
591
CUSIP
54401E689

Fund Expense Ratio :

0.48%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge -2.41% -2.41% 4.52% 3.60% 7.77% -
Lipper Category Avg. Corporate Debt Funds BBB-Rated -2.55% -2.55% 3.07% 2.90% 5.61% -
Bloomberg Barclays U.S. Credit Bond Index -2.11% -2.11% 3.16% 3.22% 5.52% -

Fund Expense Ratio :

0.48%

Fund Expense Ratio :

0.48%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge -2.41% -2.41% 4.52% 3.60% 7.77% -
Lipper Category Avg. Corporate Debt Funds BBB-Rated -2.55% -2.55% 3.07% 2.90% 5.61% -
Bloomberg Barclays U.S. Credit Bond Index -2.11% -2.11% 3.16% 3.22% 5.52% -

Fund Expense Ratio :

0.48%

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 12/31/2018 View Portfolio

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

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

Investment Team

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

Partner & Portfolio Manager

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 63 Investment Professionals with 14 Years Avg. Industry Experience

Contact a Representative

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Performance

Performance

Dividend Yield 1 as of 01/14/2019  

w/o sales charge 4.64%

30-Day Standardized Yield 2 as of 12/31/2018  

  Subsidized5 Un-Subsidized6
w/o sales charge 4.58% 4.58%

Fund Expense Ratio :

0.48%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge -2.41% -2.41% 4.52% 3.60% 7.77% -
Lipper Category Avg. Corporate Debt Funds BBB-Rated -2.55% -2.55% 3.07% 2.90% 5.61% -
Bloomberg Barclays U.S. Credit Bond Index -2.11% -2.11% 3.16% 3.22% 5.52% -

Fund Expense Ratio :

0.48%

Fund Expense Ratio :

0.48%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge -2.41% -2.41% 4.52% 3.60% 7.77% -
Lipper Category Avg. Corporate Debt Funds BBB-Rated -2.55% -2.55% 3.07% 2.90% 5.61% -
Bloomberg Barclays U.S. Credit Bond Index -2.11% -2.11% 3.16% 3.22% 5.52% -

Fund Expense Ratio :

0.48%

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

Year Fund Returns Bloomberg Barclays U.S. Credit Bond Index
2018 -2.41% -2.11%
2017 7.26% 6.18%
2016 9.06% 5.63%
2015 -2.81% -0.77%
2014 7.54% 7.53%
2013 0.57% -2.01%
2012 12.84% 9.37%
2011 6.85% 8.35%
2010 11.58% 8.47%
2009 30.90% 16.04%
2008 -10.13% -
2007 7.07% -
2006 3.67% -
2005 2.71% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2019 - - - - 0.92%
2018 -1.42% -0.69% 0.75% -1.06% -2.41%
2017 2.05% 2.38% 1.32% 1.32% 7.26%
2016 3.14% 4.44% 2.83% -1.53% 9.06%
2015 1.90% -1.65% -2.02% -1.01% -2.81%
2014 3.79% 3.71% -0.11% 0.01% 7.54%
2013 1.28% -3.45% 1.00% 1.84% 0.57%
2012 3.85% 1.36% 4.77% 2.32% 12.84%
2011 2.10% 2.42% -0.36% 2.55% 6.85%
2010 3.83% 1.88% 5.48% 0.00% 11.58%
2009 3.23% 12.96% 9.72% 2.32% 30.90%
2008 1.27% 0.26% -5.95% -5.90% -10.13%
2007 1.26% -0.76% 3.25% 3.19% 7.07%
2006 -0.81% -0.03% 3.65% 0.86% 3.67%
2005 -0.11% 2.99% -0.86% 0.70% 2.71%

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
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

Credit Quality Distribution as of 12/31/2018

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

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 12/31/2018

Total Net Assets
$2.06 B
Number of Issues
591
Average Coupon
5.09%
Average Life
8.70 Years
Average Maturity
8.70 Years
Average Effective Duration
6.05 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 Effective Duration - The change in the value of a fixed income security that will result from a 1% change in interest rates, taking into account anticipated cash flow fluctuations from mortgage prepayments, puts, adjustable coupons, and potential call dates. Duration is expressed as a number of years, and generally, the larger a duration, the greater the interest-rate risk or reward for a portfolio’s underlying bond prices. Where applicable, certain investments, such as common or preferred stock, convertible bonds and convertible preferred stock, ETFs, ADRs, and CPI swaps and related futures, are excluded from these calculations.

Holding Coupon Maturity Assets
U.S. Treasury Note/Bond 2.875% 10/31/2023 2.9%
AT&T, Inc. 6.000% 08/15/2040 1.2%
Verizon Communications, Inc. 4.862% 08/21/2046 1.2%
U.S. Treasury Note 0.500% 01/15/2028 1.1%
CVS Caremark Corp. 4.300% 03/25/2028 1.1%
Citigroup, Inc. 3.887% 01/10/2028 1.1%
Hyundai Capital America 2.500% 03/18/2019 0.9%
Ford Motor Co. 7.450% 07/16/2031 0.8%
GE Capital International Funding Co. 4.418% 11/15/2035 0.8%
NBCUniversal Enterprise, Inc. 5.250% 06/19/2099 0.7%
% of Total Assets 11.8%
Holding Coupon Maturity Assets
AT&T, Inc.6.000% 08/15/20401.2%
Verizon Communications, Inc.4.862% 08/21/20461.1%
U.S. Treasury Note/Bond3.125% 11/15/20281.1%
CVS Caremark Corp.4.300% 03/25/20281.1%
U.S. Treasury Note/Bond1.625% 11/15/20221.1%
Citigroup, Inc.3.887% 01/10/20281.0%
Hyundai Capital America2.500% 03/18/20190.8%
Ford Motor Co.7.450% 07/16/20310.8%
U.S. Treasury Note/Bond2.875% 11/30/20230.8%
NBCUniversal Enterprise, Inc.5.250% 06/19/20990.7%
GE Capital International Funding Co.4.418% 11/15/20350.7%
JPMorgan Chase & Co.4.250% 10/15/20200.7%
Universal Health Services, Inc.4.750% 08/01/20220.7%
General Motors Co.6.750% 04/01/20460.7%
UBS AG Registered Shares5.125% 05/15/20240.7%
Time Warner Cable LLC7.300% 07/01/20380.7%
Kinder Morgan, Inc.7.750% 01/15/20320.6%
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%
U.S. Treasury Note/Bond2.875% 09/30/20230.6%
Teachers Insurance & Annuity Association of Americ4.900% 09/15/20440.6%
SCANA Corp.4.125% 02/01/20220.6%
Valero Energy Corp.10.500% 03/15/20390.6%
ENI SpA5.700% 10/01/20400.5%
Vale Overseas Ltd.6.875% 11/10/20390.5%
Tencent Holdings Ltd.3.595% 01/19/20280.5%
Amgen, Inc.6.400% 02/01/20390.5%
PSEG Power LLC8.625% 04/15/20310.5%
Sabine Pass Liquefaction LLC5.625% 04/15/20230.5%
Nvent Finance Sarl4.550% 04/15/20280.5%
UBS AG7.625% 08/17/20220.5%
NXP BV / NXP Funding LLC4.625% 06/01/20230.5%
Bank of America Corp.4.450% 03/03/20260.4%
Dell International LLC / EMC Corp.8.350% 07/15/20460.4%
CNH Capital LLC4.375% 04/05/20220.4%
Bank of Ireland Group PLC4.125% 09/19/20270.4%
Goldcorp, Inc.3.700% 03/15/20230.4%
Yara International ASA7.875% 06/11/20190.4%
Sabine Pass Liquefaction LLC5.875% 06/30/20260.4%
Cox Communications, Inc.8.375% 03/01/20390.4%
Baidu, Inc.3.875% 09/29/20230.4%
Goldman Sachs Group, Inc.6.750% 10/01/20370.4%
Wells Fargo Capital X5.950% 12/15/20360.4%
Myriad International Holdings BV6.000% 07/18/20200.4%
Bank of America Corp.3.824% 01/20/20280.4%
Reckson Operating Partnership7.750% 03/15/20200.4%
U.S. Treasury Note/Bond2.625% 02/28/20230.4%
Volkswagen Group of America Finance LLC4.750% 11/13/20280.4%
Bacardi Ltd.4.700% 05/15/20280.4%
Pacific Gas & Electric Co.6.050% 03/01/20340.4%
World Financial Network Credit Card Master Trust2.310% 08/15/20240.4%
North Texas Tollway Auth8.910% 02/01/20300.4%
American Airlines Class B Pass Through Trust5.600% 07/15/20200.4%
TransAlta Corp.4.500% 11/15/20220.4%
AT&T, Inc.6.350% 03/15/20400.4%
Vodafone Group plc4.375% 05/30/20280.4%
Fresenius Medical Care US Finance II, Inc.5.875% 01/31/20220.4%
Kerr-McGee Corp.7.875% 09/15/20310.4%
EPR Properties4.950% 04/15/20280.4%
Energy Transfer Operating LP7.500% 07/01/20380.4%
Bermuda Government International Bond3.717% 01/25/20270.4%
American Airlines Class B Pass Through Trust4.375% 10/01/20220.4%
Kilroy Realty L.P.6.625% 06/01/20200.4%
Navient Corp.6.750% 06/25/20250.4%
Exelon Generation Co. LLC6.250% 10/01/20390.4%
American International Group, Inc.4.800% 07/10/20450.4%
CNAC HK Finbridge Co Ltd3.000% 07/19/20200.3%
VEREIT Operating Partnership L.P.4.875% 06/01/20260.3%
American Airlines Class B Pass Through Trust5.625% 01/15/20210.3%
Morgan Stanley3.875% 01/27/20260.3%
Commonwealth Bank of Australia4.500% 12/09/20250.3%
Tech Data Corp.3.700% 02/15/20220.3%
Santander UK plc7.950% 10/26/20290.3%
Drive Auto Receivables Trust 2017-12.840% 04/15/20220.3%
Carnival plc7.875% 06/01/20270.3%
Universal Health Services, Inc.5.000% 06/01/20260.3%
Protective Life Corp.8.450% 10/15/20390.3%
Midcontinent Express Pipeline LLC6.700% 09/15/20190.3%
Ausgrid Finance Pty Ltd4.350% 08/01/20280.3%
CRH America Finance, Inc.3.950% 04/04/20280.3%
National Fuel Gas Co.3.750% 03/01/20230.3%
PVH Corp.7.750% 11/15/20230.3%
Trimble Navigation Ltd.4.900% 06/15/20280.3%
Aon plc8.205% 01/01/20270.3%
Motiva Enterprises LLC5.750% 01/15/20200.3%
Electricite de France SA5.000% 09/21/20480.3%
Williams Cos., Inc.8.750% 03/15/20320.3%
IFM US Colonial Pipeline 2 LLC6.450% 05/01/20210.3%
Broadcom Corp. / Broadcom Cayman Finance Ltd.3.125% 01/15/20250.3%
Wabtec Corp.4.700% 09/15/20280.3%
Anglo American Capital plc4.750% 04/10/20270.3%
Time Warner Entertainment Co. L.P.8.375% 07/15/20330.3%
Caesars Palace Las Vegas Trust 2017-VICI3.531% 10/15/20340.3%
MPT Operating Partnership L.P.5.000% 10/15/20270.3%
General Electric Co.2.700% 10/09/20220.3%
International Lease Finance Corp.5.875% 04/01/20190.3%
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%
People's United Financial, Inc.3.650% 12/06/20220.3%
SCANA Corp.4.750% 05/15/20210.3%
Macquarie Group Ltd.4.654% 03/27/20290.3%
Hilcorp Energy L.P. / Hilcorp Finance Co.6.250% 11/01/20280.3%
DBWF 2018-AMXP Mortgage Trust3.917% 05/05/20350.3%
Cleco Power LLC6.000% 12/01/20400.3%
Glencore Finance Canada Ltd.5.550% 10/25/20420.3%
Credit Suisse AG6.500% 08/08/20230.3%
American Homes 4 Rent LP4.250% 02/15/20280.3%
California Republic Auto Receivables Trust2.530% 06/15/20210.3%
Kraft Heinz Foods Co.6.875% 01/26/20390.3%
Halliburton Co.7.450% 09/15/20390.2%
Edison International4.125% 03/15/20280.2%
Ras Laffan Liquefied Natural Gas Co., Ltd.6.750% 09/30/20190.2%
Embraer Overseas Ltd.5.696% 09/16/20230.2%
Citigroup, Inc.3.668% 07/24/20280.2%
Discover Bank3.450% 07/27/20260.2%
Kinross Gold Corp.4.500% 07/15/20270.2%
Ammc Clo 19 Ltd.3.936% 10/15/20280.2%
South Carolina Electric & Gas Co.0.000% 12/14/20180.2%
U.S. Treasury Note/Bond2.875% 11/15/20210.2%
Dominion Resources, Inc.7.000% 06/15/20380.2%
ICG US CLO 2015-2 Ltd3.286% 01/16/20280.2%
Neuberger Berman Group LLC4.875% 04/15/20450.2%
Enel Finance International N.V.2.750% 04/06/20230.2%
CNOOC Curtis Funding No 1 Pty Ltd.4.500% 10/03/20230.2%
BlueMountain CLO 2016-1 Ltd3.819% 04/20/20270.2%
ConAgra Brands, Inc.4.600% 11/01/20250.2%
Sberbank of Russia Via SB Capital S.A.4.150% 03/06/20190.2%
Life Technologies Corp.6.000% 03/01/20200.2%
JB y Co SA de CV3.750% 05/13/20250.2%
Avery Point VII CLO Ltd3.936% 01/15/20280.2%
General Electric Co.5.300% 02/11/20210.2%
Leidos, Inc.7.125% 07/01/20320.2%
CNO Financial Group, Inc.5.250% 05/30/20250.2%
GATX Corp.4.550% 11/07/20280.2%
International Paper Co.7.300% 11/15/20390.2%
Alibaba Group Holding Ltd.4.500% 11/28/20340.2%
Discover Bank4.682% 08/09/20280.2%
Government National Mortgage Association2.600% 06/16/20570.2%
Hardee's Funding LLC4.959% 06/20/20480.2%
Tengizchevroil Finance Co International Ltd4.000% 08/15/20260.2%
Brixmor Operating Partnership L.P.3.850% 02/01/20250.2%
IHS Markit Ltd4.000% 03/01/20260.2%
Macquarie Bank Ltd.6.625% 04/07/20210.2%
OHA Loan Funding 2016-1 Ltd4.269% 01/20/20280.2%
Origin Energy Finance Ltd.5.450% 10/14/20210.2%
Indika Energy Capital III Pte Ltd5.875% 11/09/20240.2%
Hanover Insurance Group, Inc.4.500% 04/15/20260.2%
National Oilwell Varco, Inc.3.950% 12/01/20420.2%
Canadian Natural Resources Ltd.7.200% 01/15/20320.2%
Brighthouse Financial Inc3.700% 06/22/20270.2%
Tapstone Energy LLC / Tapstone Energy Finance Corp9.750% 06/01/20220.2%
Palmer Square Loan Funding 2018-1 Ltd3.036% 04/15/20260.2%
Phosagro OAO via Phosagro Bond Funding Ltd3.949% 04/24/20230.2%
SunTrust Auto Receivables Trust3.240% 01/16/20230.2%
Netflix, Inc.3.625% 05/15/20270.2%
World Financial Network Credit Card Master Trust2.030% 04/15/20250.2%
Nationstar Mortgage Holdings, Inc.9.125% 07/15/20260.2%
GS Mortgage Securities Corp Trust 2018-FBLU5.057% 11/15/20350.2%
Baidu, Inc.3.625% 07/06/20270.2%
Santander Drive Auto Receivables Trust 2014-54.230% 04/15/20220.2%
Conn's Receivables Funding 2017-B LLC5.950% 11/15/20220.2%
Enbridge Energy Partners L.P.6.196% 10/01/20370.2%
Chaparral Energy, Inc.8.750% 07/15/20230.2%
Neuberger Berman Group LLC4.500% 03/15/20270.2%
Morgan Stanley3.563% 05/08/20240.2%
MMC Norilsk Nickel OJSC via MMC Finance Ltd.4.100% 04/11/20230.2%
Enbridge, Inc.6.000% 01/15/20770.2%
Royal Caribbean Cruises Ltd.5.250% 11/15/20220.2%
National Fuel Gas Co.4.900% 12/01/20210.2%
Expedia, Inc.5.000% 02/15/20260.2%
VEREIT Operating Partnership L.P.3.950% 08/15/20270.2%
Vulcan Materials Co.2.971% 03/01/20210.2%
Spectra Energy Partners L.P.3.016% 06/05/20200.2%
Saka Energi Indonesia PT4.450% 05/05/20240.2%
Discover Financial Services4.100% 02/09/20270.2%
Pentair Finance SA2.650% 12/01/20190.2%
Sempra Energy4.000% 02/01/20480.2%
U.S. Treasury Note/Bond6.250% 08/15/20230.2%
JD.com, Inc.3.875% 04/29/20260.2%
OM Asset Management plc4.800% 07/27/20260.2%
Oasis Petroleum, Inc.6.875% 03/15/20220.2%
Fresenius Medical Care US Finance II, Inc.4.750% 10/15/20240.2%
Kennametal, Inc.4.625% 06/15/20280.2%
Energy Transfer Operating LP8.250% 11/15/20290.2%
Gazprom OAO Via Gaz Capital SA4.950% 02/06/20280.2%
Bombardier, Inc.6.125% 01/15/20230.2%
Intesa Sanpaolo SpA5.710% 01/15/20260.2%
Abu Dhabi National Energy Co.4.875% 04/23/20300.2%
Embraer Netherlands Finance BV5.050% 06/15/20250.2%
Healthcare Realty Trust, Inc.3.625% 01/15/20280.2%
AT&T, Inc.5.350% 09/01/20400.2%
BBVA Bancomer SA5.125% 01/18/20330.2%
Calpine Corp.5.500% 02/01/20240.2%
Centene Corp.5.625% 02/15/20210.2%
Mylan, Inc.4.550% 04/15/20280.2%
Pacific Gas & Electric Co.3.300% 12/01/20270.2%
World Financial Network Credit Card Master Trust2.660% 08/15/20240.2%
United Technologies Corp.3.650% 08/16/20230.2%
Southern Copper Corp.5.250% 11/08/20420.2%
BWAY Holding Co.7.250% 04/15/20250.2%
American Axle & Manufacturing, Inc.6.500% 04/01/20270.2%
Caesars Palace Las Vegas Trust 2017-VICI3.835% 10/15/20340.2%
Healthcare Trust of America Holdings LP2.950% 07/01/20220.2%
Zimmer Biomet Holdings, Inc.5.750% 11/30/20390.2%
Barclays Bank plc10.179% 06/12/20210.2%
Santander UK Group Holdings plc3.823% 11/03/20280.2%
Centene Corp.5.375% 06/01/20260.2%
Bayer Corp6.650% 02/15/20280.2%
Northwell Healthcare, Inc.3.979% 11/01/20460.2%
VEREIT Operating Partnership L.P.3.000% 02/06/20190.2%
Bank of Montreal3.803% 12/15/20320.2%
YPF S.A.7.000% 12/15/20470.2%
Mississippi Power Co.4.250% 03/15/20420.2%
Republic of Argentina4.625% 01/11/20230.2%
Lincoln National Corp.7.000% 06/15/20400.2%
Silversea Cruise Finance Ltd.7.250% 02/01/20250.2%
Discover Bank7.000% 04/15/20200.2%
Chicago Parking Meters LLC5.489% 12/30/20200.2%
Broadcom Corp. / Broadcom Cayman Finance Ltd.3.875% 01/15/20270.1%
Barrick International Barbados Corp.6.350% 10/15/20360.1%
Oglethorpe Power Corp.5.050% 10/01/20480.1%
Synchrony Credit Card Master Note Trust2.620% 10/15/20250.1%
WeWork Cos Inc7.875% 05/01/20250.1%
Indonesia Asahan Aluminium Persero PT5.230% 11/15/20210.1%
Level 3 Parent LLC5.750% 12/01/20220.1%
Alibaba Group Holding Ltd.4.400% 12/06/20570.1%
Thacher Park CLO Ltd.3.629% 10/20/20260.1%
Westpac Banking Corp.4.322% 11/23/20310.1%
Unum Group5.750% 08/15/20420.1%
Sigma Alimentos S.A. de C.V.4.125% 05/02/20260.1%
Royal Caribbean Cruises Ltd.0.000% 12/12/20180.1%
Vale Overseas Ltd.6.250% 08/10/20260.1%
Reynolds Group Issuer, Inc.5.750% 10/15/20200.1%
Duqesne Light Holdings, Inc.6.250% 08/15/20350.1%
Illinois, IL5.877% 03/01/20190.1%
CNH Capital LLC4.875% 04/01/20210.1%
L-3 Communications Corp.4.400% 06/15/20280.1%
Resolute Energy Corp.8.500% 05/01/20200.1%
Chrysler Capital Auto Receivables Trust 2015-B2.700% 12/15/20200.1%
NextGear Floorplan Master Owner Trust2.740% 04/15/20210.1%
Harris Corp.4.400% 06/15/20280.1%
Building Materials Corp. of America5.375% 11/15/20240.1%
CNAC HK Finbridge Co Ltd3.500% 07/19/20220.1%
Apache Corp.5.100% 09/01/20400.1%
GCI LLC6.875% 04/15/20250.1%
American International Group, Inc.4.125% 02/15/20240.1%
Exelon Generation Co. LLC5.600% 06/15/20420.1%
Burlington Northern Santa Fe LLC6.150% 05/01/20370.1%
United Rentals, Inc.4.875% 01/15/20280.1%
Actavis Funding SCS4.850% 06/15/20440.1%
Country Garden Holdings Co. Ltd.4.750% 09/28/20230.1%
Hyundai Capital America2.000% 07/01/20190.1%
Florida Gas Transmission Co., LLC3.875% 07/15/20220.1%
Appalachian Power Co.7.000% 04/01/20380.1%
Fluor Corp.4.250% 09/15/20280.1%
CSC Holdings LLC10.125% 01/15/20230.1%
Peabody Energy Corp.6.000% 03/31/20220.1%
Benefit Street Partners CLO IV Ltd4.519% 01/20/20290.1%
COMM 2016-SAVA Mortgage Trust4.027% 10/15/20340.1%
E*TRADE Financial Corp.4.500% 06/20/20280.1%
Titan International, Inc.6.500% 11/30/20230.1%
Mountain Hawk III CLO Ltd.3.645% 04/18/20250.1%
Scientific Games International, Inc.10.000% 12/01/20220.1%
Expedia, Inc.3.800% 02/15/20280.1%
Columbia Pipeline Group, Inc.3.300% 06/01/20200.1%
PPL WEM Ltd./Western Power Distribution Ltd.5.375% 05/01/20210.1%
Magnetite XI Ltd3.565% 01/18/20270.1%
William Lyon Homes, Inc.7.000% 08/15/20220.1%
First Quantum Minerals Ltd.6.875% 03/01/20260.1%
Seven Generations Energy Ltd.6.875% 06/30/20230.1%
SCE Trust III0.000% -0.1%
Time Warner Cable LLC6.550% 05/01/20370.1%
Marvell Technology Group Ltd.4.200% 06/22/20230.1%
Trinidad Drilling Ltd.6.625% 02/15/20250.1%
Warner Media LLC6.200% 03/15/20400.1%
The Royal Bank of Scotland Group PLC4.892% 05/18/20290.1%
US Cellular Corp.6.700% 12/15/20330.1%
Campbell Soup Co.3.800% 08/02/20420.1%
FedEx Corp.4.950% 10/17/20480.1%
Drive Auto Receivables Trust3.020% 11/15/20210.1%
Turkiye Vakiflar Bankasi Tao5.750% 01/30/20230.1%
CIT Group, Inc.6.125% 03/09/20280.1%
Cedar Funding VI CLO Ltd4.069% 10/20/20280.1%
National Fuel Gas Co.3.950% 09/15/20270.1%
Bowman Park CLO Ltd.3.857% 11/23/20250.1%
Wyndham Hotels & Resorts3.972% 03/28/20250.1%
Baker Hughes a GE Co LLC / Baker Hughes Co-Obligor4.080% 12/15/20470.1%
North Texas Tollway Auth8.410% 02/01/20300.1%
T-Mobile USA, Inc.6.000% 04/15/20240.1%
Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worl4.700% 02/01/20360.1%
Air Canada 2015-2 Class B Pass Through Trust5.000% 12/15/20230.1%
Hunt Cos Inc6.250% 02/15/20260.1%
Teva Pharmaceutical Finance Netherlands III BV1.700% 07/19/20190.1%
Scientific Games International, Inc.6.625% 05/15/20210.1%
Lima Metro Line 2 Finance Ltd.5.875% 07/05/20340.1%
Litton Industries, Inc.7.750% 03/15/20260.1%
Mountain View CLO X Ltd3.786% 10/13/20270.1%
Avis Budget Rental Car Funding2.460% 07/20/20200.1%
Energy Transfer Operating LP9.000% 11/01/20240.1%
Sabal Trail Transmission LLC4.246% 05/01/20280.1%
Bombardier, Inc.7.500% 03/15/20250.1%
Norfolk Southern Corp.5.590% 05/17/20250.1%
Precision Drilling Corp.5.250% 11/15/20240.1%
Republic of Argentina6.875% 04/22/20210.1%
Itron, Inc.5.000% 01/15/20260.1%
Rayonier AM Products, Inc.5.500% 06/01/20240.1%
Standard Chartered plc4.247% 01/20/20230.1%
Republic of Argentina5.875% 01/11/20280.1%
SESI LLC7.125% 12/15/20210.1%
Gulf South Pipeline Co L.P.4.000% 06/15/20220.1%
Cleveland Electric Illuminating Co.3.500% 04/01/20280.1%
Government National Mortgage Association2.700% 07/16/20570.1%
CNH Equipment Trust1.890% 04/15/20220.1%
Alta Mesa Holdings L.P. / Alta Mesa Finance Servic7.875% 12/15/20240.1%
Kinder Morgan, Inc.0.000% 12/03/20180.1%
Barclays plc8.250% 11/20/21630.1%
Drive Auto Receivables Trust3.840% 07/15/20210.1%
General Electric Co.2.962% 05/05/20260.1%
Teck Resources Ltd.8.500% 06/01/20240.1%
Citigroup, Inc.4.600% 03/09/20260.1%
SURA Asset Management SA4.375% 04/11/20270.1%
Royal Caribbean Cruises Ltd.7.500% 10/15/20270.1%
Eterna Capital Pte Ltd7.500% 12/11/20220.1%
Acwa Power Management And Investments One Ltd5.950% 12/15/20390.1%
Griffon Corp.5.250% 03/01/20220.1%
Caesars Palace Las Vegas Trust 2017-VICI4.138% 10/15/20340.1%
Cent CLO Ltd.3.839% 10/29/20250.1%
Marathon Petroleum Corp.5.375% 10/01/20220.1%
Palmer Square Loan Funding 2017-1 Ltd4.136% 10/15/20250.1%
Liberty Mutual Group, Inc.5.000% 06/01/20210.1%
Williams Scotsman International Inc7.875% 12/15/20220.1%
Enbridge Energy Partners L.P.9.875% 03/01/20190.1%
SL Green Operating Partnership L.P.3.250% 10/15/20220.1%
ONEOK Partners L.P.8.625% 03/01/20190.1%
Braskem Netherlands Finance BV4.500% 01/10/20280.1%
California Republic Auto Receivables Trust1.750% 01/15/20210.1%
Texas Eastern Transmission L.P.4.125% 12/01/20200.1%
Adani Ports & Special Economic Zone Ltd4.000% 07/30/20270.1%
Intesa Sanpaolo SpA3.875% 01/12/20280.1%
J.P.Morgan Securities LLC0.010% -0.1%
Cabot Corp.0.000% 12/03/20180.1%
Citizens Financial Group, Inc.4.150% 09/28/20220.1%
ZF North America Capital, Inc.4.000% 04/29/20200.1%
Newmont Mining Corp.5.125% 10/01/20190.1%
Mohegan Tribal Gaming Authority7.875% 10/15/20240.1%
EnCana Corp.6.500% 05/15/20190.1%
Popular, Inc.6.125% 09/14/20230.1%
Goldcorp, Inc.3.625% 06/09/20210.1%
Yum! Brands, Inc.6.875% 11/15/20370.1%
Martin Marietta Materials, Inc.2.960% 05/22/20200.1%
Bahrain Government International Bond6.750% 09/20/20290.1%
Albertsons Cos LLC / Safeway, Inc. / New Albertson6.625% 06/15/20240.1%
Government National Mortgage Association2.750% 02/16/20580.1%
TIBCO Software, Inc.11.375% 12/01/20210.1%
Enable Midstream Partners L.P.2.400% 05/15/20190.1%
Discover Financial Services3.850% 11/21/20220.1%
Brand Energy & Infrastructure Services Inc8.500% 07/15/20250.1%
Zimmer Biomet Holdings, Inc.3.375% 11/30/20210.1%
EPR Properties4.500% 04/01/20250.1%
Wells Fargo Commercial Mortgage Trust4.422% 07/15/20460.1%
Banco Mercantil del Norte SA/Grand Cayman7.625% 07/06/21670.1%
Oztel Holdings SPC Ltd6.625% 04/24/20280.1%
Berry Petroleum Co.7.000% 02/15/20260.1%
Illinois, IL5.100% 06/01/20330.1%
KOC Holding AS5.250% 03/15/20230.1%
Regatta VI Funding Ltd4.519% 07/20/20280.1%
Macquarie Bank Ltd.4.875% 06/10/20250.1%
Microchip Technology Inc4.350% 05/23/20250.1%
General Electric Co.3.150% 09/07/20220.1%
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%
Alibaba Group Holding Ltd.4.200% 12/06/20470.1%
Continental Resources, Inc.4.900% 06/01/20440.1%
Jamestown CLO VII Ltd.3.790% 07/25/20270.1%
Salem Fields CLO Ltd 2016-24.190% 10/25/20280.1%
Huntington Bancshares, Inc.5.700% 12/31/20990.1%
Vedanta Resources plc6.125% 08/09/20240.1%
MHP Lux SA6.950% 04/03/20260.1%
COMM Mortgage Trust4.588% 07/10/20500.1%
KazMunayGas National Co.6.375% 10/24/20480.1%
Hyundai Capital America1.750% 09/27/20190.1%
China Evergrande Group8.750% 06/28/20250.1%
China Overseas Finance Cayman V Ltd.5.350% 11/15/20420.1%
Valmont Industries, Inc.5.250% 10/01/20540.1%
Turkiye Garanti Bankasi AS6.250% 04/20/20210.1%
Yingde Gases Investment Ltd6.250% 01/19/20230.1%
AbbVie, Inc.4.700% 05/14/20450.1%
Blitz F18-674 GmbH6.000% 07/30/20260.1%
United Rentals North AM4.148% 10/31/20250.1%
SL Green Realty Corp.4.500% 12/01/20220.1%
JPMBB Commercial Mortgage Securities Trust4.440% 07/15/20480.1%
Dow Chemical Co.9.400% 05/15/20390.1%
Huntington Auto Trust1.590% 11/16/20200.1%
Palmer Square Loan Funding 2018-1 Ltd3.486% 04/15/20260.1%
CPG Merger Sub LLC8.000% 10/01/20210.1%
Eldorado Resorts, Inc.6.000% 09/15/20260.1%
Minejesa Capital BV5.625% 08/10/20370.1%
Barrick North America Finance LLC7.500% 09/15/20380.1%
Government National Mortgage Association2.600% 07/16/20580.1%
Charter Communications Operating LLC6.484% 10/23/20450.1%
Avery Point CLO Ltd.3.949% 07/17/20260.1%
Washington Gas Light Co0.000% 12/03/20180.1%
Enterprise Products Operating LLC7.550% 04/15/20380.1%
Tesoro Logistics L.P.6.250% 10/15/20220.1%
Infraestructura Energetica Nova SAB de CV4.875% 01/14/20480.1%
SCANA Corp.6.250% 04/01/20200.1%
Red de Carreteras de Occidente SAPIB de CV9.000% 06/10/20280.1%
GAHR Commericial Mortgage Trust3.495% 12/15/20340.1%
Panera Bread Company4.063% 07/18/20220.1%
VA Electric & Power Co.8.875% 11/15/20380.1%
Express Scripts Holding Co.6.125% 11/15/20410.1%
DBWF Mortgage Trust3.535% 06/10/20340.1%
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%
Chobani LLC / Chobani Finance Corp Inc7.500% 04/15/20250.1%
Seneca Park CLO Ltd.3.569% 07/17/20260.1%
Avery Point CLO Ltd.4.090% 04/25/20260.1%
Doncasters US Finance LLC (Doncasters US LLC)5.886% 04/09/20200.1%
Syngenta Finance NV4.441% 04/24/20230.1%
Surgery Center Holdings, Inc.8.875% 04/15/20210.1%
Nationstar Mortgage LLC / Nationstar Capital Corp.6.500% 07/01/20210.1%
Madison Park Funding XXI Ltd4.020% 07/25/20290.1%
Provident Funding Associates L.P. / PFG Finance Co6.375% 06/15/20250.1%
Avis Budget Rental Car Funding2.970% 02/20/20200.1%
Energy Transfer Partners L.P.0.000% 12/03/20180.1%
Morgan Stanley7.300% 05/13/20190.1%
Glencore Funding LLC4.125% 05/30/20230.1%
UTEX Industries9.595% 05/22/20220.1%
Palmer Square Loan Funding 2018-1 Ltd3.836% 04/15/20260.1%
Sterigenics-Nordion Topco LLC8.125% 11/01/20210.1%
GS Mortgage Securities Trust1.574% 06/10/20460.1%
Laredo Petroleum Holdings, Inc.5.625% 01/15/20220.1%
SCF Equipment Leasing 2017-2 LLC3.410% 12/20/20230.1%
Northrop Grumman Systems Corp.7.875% 03/01/20260.1%
California Republic Auto Receivables Trust 2015-43.730% 11/15/20210.1%
ACC Trust 2018-14.820% 05/20/20210.1%
Waste Pro USA Inc5.500% 02/15/20260.1%
Lockheed Martin Corp.7.750% 05/01/20260.1%
GS Mortgage Securities Trust0.654% 06/10/20460.1%
Bill Barrett Corp.7.000% 10/15/20220.1%
Energy Transfer Operating LP6.125% 12/15/20450.1%
Rumo Luxembourg Sarl7.375% 02/09/20240.1%
ConAgra Brands, Inc.5.400% 11/01/20480.1%
West Fraser Timber Co. Ltd.4.350% 10/15/20240.0%
Citigroup, Inc.5.950% 12/31/20990.0%
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%
GS Mortgage Securities Trust4.558% 07/10/20480.0%
Kinder Morgan, Inc.5.625% 11/15/20230.0%
Macquarie Bank Ltd./London6.125% 03/08/21670.0%
Newfield Exploration Co.5.750% 01/30/20220.0%
Teco Finance, Inc.5.150% 03/15/20200.0%
Cox Communications, Inc.4.500% 06/30/20430.0%
CCO Holdings LLC / CCO Holdings Capital Corp.5.250% 03/15/20210.0%
Galaxy XXI CLO Ltd3.489% 04/20/20310.0%
Goodman US Finance Three LLC3.700% 03/15/20280.0%
Triumph Group, Inc.4.875% 04/01/20210.0%
Royal Caribbean Cruises Ltd.3.700% 03/15/20280.0%
Enable Midstream Partners L.P.0.000% 12/03/20180.0%
Florida Gas Transmission Co., LLC7.900% 05/15/20190.0%
Newell Rubbermaid, Inc.5.000% 11/15/20230.0%
Joseph T Ryerson & Son, Inc.11.000% 05/15/20220.0%
Rede D'or Finance Sarl4.950% 01/17/20280.0%
Glencore Finance Canada Ltd.4.250% 10/25/20220.0%
Palmer Square Loan Funding 2018-5 Ltd0.000% 01/20/20270.0%
Smithfield Foods, Inc.3.350% 02/01/20220.0%
Newell Rubbermaid, Inc.3.850% 04/01/20230.0%
Studio City Co Ltd7.250% 11/30/20210.0%
Range Resources Corp.5.000% 08/15/20220.0%
MPLX L.P.5.500% 02/15/20230.0%
OneMain Financial Issuance Trust 2016-1A3.660% 02/20/20290.0%
Halcyon Loan Advisors Funding Ltd.4.640% 07/25/20270.0%
Navios South American Logistics Inc / Navios Logis7.250% 05/01/20220.0%
Santander Drive Auto Receivables Trust 2016-14.020% 04/15/20220.0%
Park Aerospace Holdings Ltd4.500% 03/15/20230.0%
Santander UK plc5.000% 11/07/20230.0%
ACC Trust 2018-16.810% 02/21/20230.0%
Drive Auto Receivables Trust4.590% 01/17/20230.0%
WildHorse Resource Development Corp6.875% 02/01/20250.0%
Glencore Funding LLC3.000% 10/27/20220.0%
Carrizo Oil & Gas, Inc.8.250% 07/15/20250.0%
Glencore Finance Canada Ltd.4.950% 11/15/20210.0%
ITC Holdings Corp.5.500% 01/15/20200.0%
Doncasters US Finance LLC (Doncasters US LLC)10.636% 10/09/20200.0%
Country Garden Holdings Co. Ltd.4.750% 01/17/20230.0%
Elanco Animal Health Inc4.900% 08/28/20280.0%
Apidos CLO XVI5.450% 01/19/20250.0%
Santander Drive Auto Receivables Trust 2016-31.890% 06/15/20210.0%
Avery Point CLO Ltd.3.429% 07/17/20260.0%
Access Point Funding I 2017-1 LLC3.060% 04/15/20290.0%
Drive Auto Receivables Trust4.180% 03/15/20240.0%
UTEX Industries6.345% 05/22/20210.0%
Avis Budget Rental Car Funding2.630% 12/20/20210.0%
U.S. Treasury Note/Bond2.250% 08/15/20460.0%
Lincoln National Corp.6.300% 10/09/20370.0%
Dominion Gas Holdings LLC0.000% 12/04/20180.0%
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%
International Lease Finance Corp.5.875% 08/15/20220.0%
Chaparral Energy, Inc.0.000% -0.0%
Ashtead Capital, Inc.5.625% 10/01/20240.0%
Affiliated Managers Group, Inc.4.250% 02/15/20240.0%
CIT Group, Inc.5.800% 12/31/20990.0%
Illinois, IL5.520% 04/01/20380.0%
HudBay Minerals, Inc.7.625% 01/15/20250.0%
Canadian Pacific Railway Co.9.450% 08/01/20210.0%
Infor Software Parent LLC / Infor Software Parent7.125% 05/01/20210.0%
Kraft Heinz Foods Co.7.125% 08/01/20390.0%
Hudsons Bay Simon JV Trust0.723% 08/05/20340.0%
Intesa Sanpaolo SpA6.500% 02/24/20210.0%
Canadian Pacific Railway Co.7.125% 10/15/20310.0%
Bombardier, Inc.8.750% 12/01/20210.0%
FMG Finance Pty Ltd.5.125% 05/15/20240.0%
Affiliated Managers Group, Inc.3.500% 08/01/20250.0%
Enable Midstream Partners L.P.0.000% 12/05/20180.0%
Range Resources Corp.5.875% 07/01/20220.0%
Peabody Energy Corp.6.375% 03/31/20250.0%
Newell Rubbermaid, Inc.3.150% 04/01/20210.0%
WFRBS Commercial Mortgage Trust1.202% 05/15/20470.0%
Diamond Resorts Owner Trust2.990% 05/22/20280.0%
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%
Diamondback Energy, Inc.4.750% 11/01/20240.0%
Oncor Electric Delivery Co. LLC7.500% 09/01/20380.0%
NXP BV / NXP Funding LLC3.875% 09/01/20220.0%
Cox Communications, Inc.4.700% 12/15/20420.0%
HudBay Minerals, Inc.7.250% 01/15/20230.0%
Hudsons Bay Simon JV Trust0.665% 08/05/20340.0%
Sequoia Mortgage Trust 2012-42.069% 09/25/20420.0%
Valero Energy Corp.7.500% 04/15/20320.0%
Oncor Electric Delivery Co. LLC7.000% 05/01/20320.0%
Teva Pharmaceutical Finance Co. B.V.3.650% 11/10/20210.0%
NRG Yield, Inc.3.250% 06/01/20200.0%
Burlington Northern Santa Fe LLC6.200% 08/15/20360.0%
Mattel, Inc.2.350% 08/15/20210.0%
Bank of America Corp.2.600% 01/15/20190.0%
Energy Transfer Partners LP / Regency Energy Finan5.000% 10/01/20220.0%
TCF Auto Receivables Owner Trust3.530% 03/15/20220.0%
Templar Energy LLC0.000% -0.0%
Newell Rubbermaid, Inc.0.000% 12/03/20180.0%
Diamond Resorts Owner Trust3.080% 11/20/20280.0%
APX Group, Inc.8.750% 12/01/20200.0%
Reynolds Group Issuer, Inc.6.875% 02/15/20210.0%
Antero Resources Corp.5.125% 12/01/20220.0%
Santander Drive Auto Receivables Trust 2016-22.080% 02/16/20210.0%
Export Credit Bank of Turkey5.875% 04/24/20190.0%
Xerox Corp.3.625% 03/15/20230.0%
Fiat Chrysler Automobiles N.V.5.250% 04/15/20230.0%
FX USD/EUR 12/180.000% 12/07/20180.0%
Chaparral Energy, Inc.0.000% -0.0%
U.S. Treasury Note/Bond2.750% 11/15/20420.0%
Canadian Oil Sands Ltd.4.500% 04/01/20220.0%
Blue Cube Spinco, Inc.10.000% 10/15/20250.0%
JPMBB Commercial Mortgage Securities Trust1.276% 04/15/20470.0%
DOMMO ENERGIA SA-SP ADR0.000% -0.0%
FX USD/EUR 12/180.000% 12/07/20180.0%
Templar Energy LLC0.000% -0.0%
Conn's Receivables Funding 2017-B LLC2.730% 07/15/20200.0%
WFRBS Commercial Mortgage Trust0.723% 05/15/20470.0%
Flagship Credit Auto Trust2.380% 10/15/20200.0%
Santander Drive Auto Receivables Trust2.570% 04/15/20210.0%
JPMBB Commercial Mortgage Securities Trust0.424% 04/15/20470.0%
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 2YR NOTE (CBT) MAR190.000% 04/03/20190.0%
US ULTRA BOND CBT MAR190.000% 03/29/20190.0%
US LONG BOND(CBT) MAR190.000% 03/29/20190.0%
Federal Home Loan Mortgage Corp.982.654% 04/15/20220.0%
Federal Home Loan Mortgage Corp.1007.000% 02/15/20220.0%
Federal Home Loan Mortgage Corp.1010.500% 02/15/20210.0%
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 National Mortgage Assoc.1008.000% 12/25/20210.0%
Federal Home Loan Mortgage Corp.1007.780% 05/15/20210.0%
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%
Federal National Mortgage Assoc.9.500% 08/25/20210.0%
OGX Austria GmbH8.500% 06/01/20190.0%
Energizer Holdings Inc0.000% 05/18/20190.0%
EURO-SCHATZ FUT DEC180.000% 12/10/20180.0%
Federal Home Loan Mortgage Corp.1009.000% 02/15/20210.0%
US 10YR ULTRA FUT MAR190.000% 03/29/20190.0%
US 10YR NOTE (CBT)MAR190.000% 03/29/20190.0%
US 5YR NOTE (CBT) MAR190.000% 04/03/20190.0%
FX USD/MXN 02/190.000% 02/14/20190.0%
Commercial Mortgage Backed Index Swap0.350% 10/17/20570.0%
Commercial Mortgage Backed Index Swap0.350% 10/17/20570.0%
Commercial Mortgage Backed Index Swap0.350% 10/17/20570.0%
J.P.Morgan Securities LLC0.010% -0.0%

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 01/14/2019
$0
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 12/31/2018 $0.01043 $2.68
Daily Daily 11/30/2018 $0.01040 $2.67
Daily Daily 10/31/2018 $0.01017 $2.70
Daily Daily 09/30/2018 $0.01010 $2.74
Daily Daily 08/31/2018 $0.01025 $2.75
Daily Daily 07/31/2018 $0.01012 $2.75
Daily Daily 06/30/2018 $0.01022 $2.75
Daily Daily 05/31/2018 $0.01024 $2.76
Daily Daily 04/30/2018 $0.01025 $2.77
Daily Daily 03/31/2018 $0.01018 $2.80
Daily Daily 02/28/2018 $0.00981 $2.81
Daily Daily 01/31/2018 $0.00946 $2.85

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 01/31/2019
Daily Daily 02/28/2019
Daily Daily 03/31/2019
Daily Daily 04/30/2019
Daily Daily 05/31/2019
Daily Daily 06/30/2019
Daily Daily 07/31/2019
Daily Daily 08/31/2019
Daily Daily 09/30/2019
Daily Daily 10/31/2019
Daily Daily 11/30/2019
Daily Daily 12/31/2019

Fees & Expenses

Fees & Expenses

Expense Ratioas of 12/31/2018

0.48%

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.      

                    

+

There is no minimum initial investment for (i) purchases through or by registered investment advisers (RIAs), bank trust departments, and other financial intermediaries otherwise eligible to purchase Class I shares that charge a fee for services that include investment advisory or management services or (ii) purchases by retirement and benefit plans meeting the Class I eligibility requirements as described in the prospectus. These investment minimums may be suspended, changed, or withdrawn by Lord Abbett Distributor LLC ("Lord Abbett Distributor").
Class I shares minimum initial investment of $1,000,000, unless otherwise noted, applies to certain types of institutional investors as described in the prospectus. 

1

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

 

2

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

 

3

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

 

4

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

 

5

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

 

6

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

 

IMPORTANT INFORMATION

 

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

 

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

 

 

Class R6 - The inception date for Class R6 shares is June 30, 2015. The performance quotations for Class R6 are based on the following methods of calculation: (a) for periods prior to June 30, 2015, a restated figure is used based on the historical performance of the Fund’s portfolio since inception to reflect all charges and fees applicable to Class R6 shares; and (b) for periods after June 30, 2015, actual Class R6 performance is used, which reflects all charges and fees applicable to Class R6 shares.

Class R6 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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