LIFOX | Inflation Focused Fund Class F3 | Lord Abbett

Tracked Funds

You have 0 funds on your mutual fund watch list.

Begin by selecting funds to create a personalized watch list.

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

Quick Links

Follow Us

Pending Orders

You have 0 items in your cart.

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

Check Out Go Literature Center

 

Inflation Focused Fund

Track this Fund
Add to Hypo Tool

Daily price w/o sales charge as of 09/28/2023

$11.37

arrowUp$0.03

YTD Returns w/o sales charge as of 09/28/2023

1.62%

Overall Morningstar Ratings

Inflation-Protected Bond
as of 08/31/2023

Morningstar rated the Lord Abbett Inflation Focused Fund class F3 share 5 and 4 stars among 199 and 195 Inflation-Protected Bond Funds for the overall rating and the 3 and 5 year periods ended 8/31/2023, 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 Inflation Focused Fund?

The Fund seeks to deliver total returns that exceed the rate of inflation in the U.S. over a full inflation cycle and current income by combining investments in inflation swaps with a portfolio of short duration credit. 
 

EXPERIENCED INVESTMENT TEAM

The strategy is managed through a collaboration among 40+ investment professionals in portfolio management, credit research, and trading.

HIGHER INCOME POTENTIAL WITH LOWER DURATION

By utilizing short duration credit, the strategy generates the highest income stream in the Morningstar category with one-third the duration of the average TIPS-based portfolio.

TRUE INFLATION PROTECTION

By using inflation swaps to hedge exposure to investor expectations of future inflation, the strategy isolates inflation risk with much less nominal interest rate exposure than the Morningstar category.  As such, the strategy is designed to do well when inflation expectation increase.

Yield

Average Yield to Maturity as of 08/31/2023

6.61%

30-Day Standardized Yield 1 as of 08/31/2023  

  Subsidized2 Un-Subsidized3
w/o sales charge 5.37% 5.36%

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

Fund Basicsas of 08/31/2023

Total Net Assets
$1.42 B
Inception Date
04/05/2017
Dividend Frequency
Monthly
Fund Gross Expense Ratio
0.39%
Fund Net Expense Ratio
0.39%
Number of Holdings
635

Fund Expense Ratio :

Gross 0.39%

Net 0.39%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/29/2011
w/o sales charge 1.90% -0.62% 4.23% 3.15% 1.90% 1.83%
Lipper Category Avg. Inflation Protected Bond Funds 0.99% -2.96% -0.85% 2.03% 1.55% -
Bloomberg U.S. TIPS 1-5 Year Index 1.83% -0.46% 1.49% 2.67% 1.71% -
w/ sales charge 1.90% -0.62% 4.23% 3.15% 1.90% 1.83%

Fund Expense Ratio :

Gross 0.39%

Net 0.39%

Fund Expense Ratio :

Gross 0.39%

Net 0.39%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/29/2011
w/o sales charge 1.60% 1.47% 6.56% 3.18% 1.90% 1.83%
Lipper Category Avg. Inflation Protected Bond Funds 1.28% -1.37% 0.39% 2.15% 1.55% -
Bloomberg U.S. TIPS 1-5 Year Index 1.27% -0.61% 2.01% 2.62% 1.67% -

Fund Expense Ratio :

Gross 0.39%

Net 0.39%

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

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

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 08/31/2023 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 average rating based on numeric values assigned to each rating. 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

Kewjin Yuoh
Kewjin Yuoh

Partner & Portfolio Manager

29 Years of Industry Experience

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

Partner & Portfolio Manager

25 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Co-Head of Taxable Fixed Income

22 Years of Industry Experience

Leah G. Traub
Leah G. Traub, Ph.D.

Partner & Portfolio Manager

22 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Co-Head of Taxable Fixed Income

32 Years of Industry Experience

Supported By 78 Investment Professionals with 16 Years Avg. Industry Experience

Contact a Representative

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

Performance

Performance

Average Yield to Maturity as of 08/31/2023

6.61%

30-Day Standardized Yield 1 as of 08/31/2023  

  Subsidized2 Un-Subsidized3
w/o sales charge 5.37% 5.36%

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

Fund Expense Ratio :

Gross 0.39%

Net 0.39%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/29/2011
w/o sales charge 1.90% -0.62% 4.23% 3.15% 1.90% 1.83%
Lipper Category Avg. Inflation Protected Bond Funds 0.99% -2.96% -0.85% 2.03% 1.55% -
Bloomberg U.S. TIPS 1-5 Year Index 1.83% -0.46% 1.49% 2.67% 1.71% -
w/ sales charge 1.90% -0.62% 4.23% 3.15% 1.90% 1.83%

Fund Expense Ratio :

Gross 0.39%

Net 0.39%

Fund Expense Ratio :

Gross 0.39%

Net 0.39%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/29/2011
w/o sales charge 1.60% 1.47% 6.56% 3.18% 1.90% 1.83%
Lipper Category Avg. Inflation Protected Bond Funds 1.28% -1.37% 0.39% 2.15% 1.55% -
Bloomberg U.S. TIPS 1-5 Year Index 1.27% -0.61% 2.01% 2.62% 1.67% -

Fund Expense Ratio :

Gross 0.39%

Net 0.39%

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

Year Fund Returns Bloomberg U.S. TIPS 1-5 Year Index
2022 -4.49% -3.96%
2021 10.64% 5.53%
2020 6.21% 5.70%
2019 5.14% 5.08%
2018 -0.91% 0.41%
2017 1.62% 0.80%
2016 5.38% 3.13%
2015 -1.91% -0.14%
2014 -4.89% -1.13%
2013 -1.38% -1.96%
2012 10.16% -
2011 -3.23% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2023 2.68% -1.05% - - 1.62%
2022 -0.43% -3.95% -2.19% 2.11% -4.49%
2021 4.41% 1.67% 2.32% 1.86% 10.64%
2020 -14.74% 10.52% 6.30% 6.02% 6.21%
2019 2.66% 0.48% -1.30% 3.26% 5.14%
2018 0.58% 1.02% 0.77% -3.22% -0.91%
2017 0.84% -1.52% 1.31% 1.01% 1.62%
2016 -0.82% -0.54% 2.56% 4.16% 5.38%
2015 -0.10% 1.80% -4.60% 1.11% -1.91%
2014 0.10% 2.29% -2.73% -4.51% -4.89%
2013 0.65% -3.67% 1.41% 0.30% -1.38%
2012 5.42% -0.84% 3.17% 2.13% 10.16%
2011 - - -5.90% 2.29% -3.23%

Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Rating Assets
Investment Grade Corporate
ABS
CMBS
CLO
High Yield Corporate
MBS
Bank Loans
U.S. Government Related
Cash

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

Rating Assets
Less than 1 year
1-2.99 years
3-4.99 years
5-6.99 years
7-9.99 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 08/31/2023

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 average rating based on numeric values assigned to each rating. 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 6/30/2023

  • The Fund’s exposure to Consumer Price Index (“CPI”) swaps detracted from the portfolio’s performance as inflation expectations decreased over the period. Although, the portfolio’s tilt towards 10-year and longer maturities over the past year helped as the weakness has been primarily in 2-year and, to a lesser extent, 5-year maturities. We reduced overall inflation exposure from the high in February. As of the end of the quarter, the Fund is long the 1-year swap, short the 2-year and 5-year, and neutral-weight in other maturities. On an absolute basis, 5-year maturities represent the largest allocation.
  • During the quarter, the 2-year U.S. Treasury yield moved higher from 4.06% to 4.87%. The portfolio was modestly long duration relative to the benchmark in May and June as rates rose, which was a headwind to relative performance.
  • The portfolio’s allocation to commercial mortgage-backed securities (CMBS) detracted from relative performance. Although valuations are compelling across the sector, we remain concerned about the potential for deteriorating commercial real estate fundamentals and continue to manage existing positions proactively and accordingly.  As a result, we reduced the portfolio’s overall exposure to CMBS over the period across both fixed and floating rate SASB. We maintained a high bar to add new positions, with a preference for high quality, liquid names.
  • The portfolios allocation to asset-backed securities (ABS) detracted from relative performance. Despite modest spread tightening within short-term ABS, the sector underperformed corporate credit. We continue to favor high-quality ABS within the auto loan and credit card sectors, focusing on newly originated loans with superior underwriting. We reduced the portfolio’s exposure to ABS over the quarter based on relative value opportunities within other sectors, such as investment grade corporate bonds.
  • While the portfolio’s underweight allocation to investment grade corporate bonds modestly detracted from relative performance, security selection within the asset class more than offset this. More specifically, the portfolio’s allocations to both the Financials and Utilities sectors were positive contributors. We remain conservatively positioned in financials, overweight national champions and super regional banks in the U.S. and European banks. The bank debt the portfolio holds is focused on institutions that have strong deposit franchises with robust credit cultures and strong management teams. We increased the portfolio’s exposure to investment grade corporate bonds with a focus on the following sectors: Financials, Utilities, and non-cyclical sectors such as Health Care.
  • The short-term, high yield allocation contributed to relative performance over the quarter as credit spreads tightened. We continued to reduce the portfolio’s exposure to lower quality corporate bonds over the period. In some instances in which select high yield issues traded tighter than investment grade bonds, we reduced high yield exposure and reinvested the proceeds into higher quality, more defensive, and higher-yielding bonds. Trims of high yield bonds have either fit the theme of being short and too tight or low quality/higher-beta, where we have been able to sell into recent strength.
  • Additionally, the portfolio’s allocation to collateralized loan obligations (CLO) contributed to relative performance. We’re comfortable with the credit profiles of the CLO book given the allocation is very short in maturity, AAA-rated, and exhibits low spread volatility, and therefore relatively insulated from the fragilities of the broader asset class. We continue to be very selective with respect to spread targets when identifying opportunities within the sector. 

 

Portfolio Details as of 08/31/2023

Total Net Assets
$1.42 B
Average Effective Duration
3.51 Years
Average Life
1.79 Years
Average Maturity
1.79 Years
Number of Issues
635
Average Yield to Maturity
6.61%

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

Yield to maturity (YTM) represents the expected total return on a bond (expressed as an annualized rate) based on the bond’s expected future cash flows, including coupon payments over the life of the bond and the bond’s principal value received at maturity.

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
United States Treasury Inflation Indexed Bonds 1.375% 07/15/2033 1.4%
UBS AG 5.125% 05/15/2024 1.3%
Danske Bank A/S 5.375% 01/12/2024 1.2%
Exeter Automobile Receivables Trust 2020-2 7.190% 09/15/2027 1.1%
Charter Communications Operating LLC 7.081% 04/30/2025 1.1%
FMC Corp 0.000% 09/01/2023 1.0%
Capital One Multi-Asset Execution Trust 3.490% 05/15/2027 1.0%
AIB Group PLC 4.263% 04/10/2025 0.8%
Danske Bank A/S 3.244% 12/20/2025 0.8%
OneMain Direct Auto Receivables Trust 2019-1 3.630% 09/14/2027 0.7%
% of Total Assets 10.4%
Holding Coupon Maturity Assets
BARCLAYS CAPITAL0.010% 08/01/20231.5%
UBS AG5.125% 05/15/20241.2%
Danske Bank A/S5.375% 01/12/20241.1%
Exeter Automobile Receivables Trust 2020-27.190% 09/15/20271.0%
Charter Communications Operating LLC7.067% 04/30/20251.0%
AMMC CLO 23 Ltd6.610% 10/17/20311.0%
GS Mortgage Securities Corp Trust 2021-RENT6.478% 11/21/20351.0%
Capital One Multi-Asset Execution Trust3.490% 05/15/20270.9%
HONO 2021-LULU Mortgage Trust6.486% 10/15/20360.9%
AIB Group PLC4.263% 04/10/20250.8%
Danske Bank A/S3.244% 12/20/20250.7%
OneMain Direct Auto Receivables Trust 2019-13.630% 09/14/20270.7%
KKR CLO 30 Ltd6.590% 10/17/20310.7%
KREF 2021-FL2 Ltd6.406% 02/15/20390.6%
Citigroup Inc3.106% 04/08/20260.6%
Lendmark Funding Trust 2021-22.000% 04/20/20320.6%
Celanese US Holdings LLC5.900% 07/05/20240.6%
DBGS 2021-W52 Mortgage Trust7.636% 10/15/20360.6%
Carvana Auto Receivables Trust 2022-P13.350% 02/10/20270.6%
UniCredit SpA7.830% 12/04/20230.6%
Avis Budget Rental Car Funding AESOP LLC3.350% 09/22/20250.5%
GM Financial Automobile Leasing Trust 2022-23.420% 06/20/20250.5%
System Energy Resources Inc6.000% 04/15/20280.5%
BX Commercial Mortgage Trust 2019-IMC6.636% 04/15/20340.5%
BXHPP Trust 2021-FILM5.986% 08/15/20360.5%
BSPRT 2021-FL7 Issuer Ltd6.656% 12/15/20380.5%
BPCE SA5.150% 07/21/20240.5%
Romark CLO Ltd6.637% 10/23/20300.5%
Continental Resources Inc/OK3.800% 06/01/20240.5%
Cheniere Corpus Christi Holdings LLC5.875% 03/31/20250.5%
Ford Motor Credit Co LLC5.584% 03/18/20240.5%
Discover Card Execution Note Trust3.560% 07/15/20270.5%
Devon Energy Corp5.875% 06/15/20280.5%
Apidos Clo Xxv6.758% 10/20/20310.5%
SCF Equipment Leasing 2022-1 LLC2.920% 07/20/20290.5%
Viterra Finance BV2.000% 04/21/20260.4%
Energy Transfer LP0.000% 08/01/20230.4%
Macquarie Group Ltd1.201% 10/14/20250.4%
VICI Properties LP / VICI Note Co Inc3.500% 02/15/20250.4%
Avolon Holdings Funding Ltd5.125% 10/01/20230.4%
Aircastle Ltd5.250% 08/11/20250.4%
BDS 2022-FL11 LLC7.046% 03/19/20390.4%
Greystone CRE Notes 2021-FL3 Ltd6.356% 07/15/20390.4%
Freddie Mac Structured Agency Credit Risk Debt Notes7.169% 04/25/20430.4%
Navient Corp5.875% 10/25/20240.4%
Targa Resources Partners LP / Targa Resources Partners Finance Corp6.500% 07/15/20270.4%
BAT Capital Corp3.222% 08/15/20240.4%
KIND Trust 2021-KIND6.286% 08/15/20380.4%
BX Commercial Mortgage Trust 2019-IMC6.336% 04/15/20340.4%
Intesa Sanpaolo SpA5.017% 06/26/20240.4%
Bank of America Corp2.456% 10/22/20250.4%
Santander UK Group Holdings PLC4.796% 11/15/20240.4%
Devon Energy Corp8.250% 08/01/20230.4%
Devon Energy Corp5.250% 10/15/20270.4%
Lendmark Funding Trust 2022-15.120% 07/20/20320.4%
Bank of America Corp1.197% 10/24/20260.4%
Jersey Central Power & Light Co4.700% 04/01/20240.4%
Wind River 2013-1 CLO Ltd6.568% 07/20/20300.4%
CSMC 2021-ADV6.736% 07/15/20380.4%
Freddie Mac STACR REMIC Trust 2021-HQA46.019% 12/25/20410.4%
ABN AMRO Bank NV4.750% 07/28/20250.4%
OneMain Financial Issuance Trust 2022-35.940% 05/15/20340.4%
PVH Corp4.625% 07/10/20250.4%
Ally Financial Inc3.875% 05/21/20240.4%
OneMain Direct Auto Receivables Trust 2021-10.870% 07/14/20280.4%
Bank of Ireland Group PLC4.500% 11/25/20230.3%
Navient Private Education Refi Loan Trust 2022-A2.230% 07/15/20700.3%
Glencore Funding LLC4.625% 04/29/20240.3%
BNP Paribas SA2.819% 11/19/20250.3%
HGI CRE CLO 2021-FL2 Ltd6.336% 09/17/20360.3%
Capital One Prime Auto Receivables Trust 2022-23.740% 09/15/20250.3%
WEA Finance LLC / Westfield UK & Europe Finance PLC3.750% 09/17/20240.3%
Bank of America Corp3.841% 04/25/20250.3%
Park Aerospace Holdings Ltd5.500% 02/15/20240.3%
Hyatt Hotels Corp1.300% 10/01/20230.3%
Marlette Funding Trust 2021-31.300% 12/15/20310.3%
ACREC 2021-FL1 Ltd6.486% 10/16/20360.3%
Bank of America Corp4.948% 07/22/20280.3%
Bain Capital Credit CLO 2017-1 Ltd6.558% 07/20/20300.3%
Wells Fargo & Co4.808% 07/25/20280.3%
Lloyds Banking Group PLC4.582% 12/10/20250.3%
Imperial Brands Finance PLC6.125% 07/27/20270.3%
Goldman Sachs Group Inc/The5.789% 01/24/20250.3%
Canadian Imperial Bank of Commerce3.945% 08/04/20250.3%
Apidos CLO XXXI6.670% 04/15/20310.3%
KKR Clo 24 Ltd6.668% 04/20/20320.3%
Ally Financial Inc5.750% 11/20/20250.3%
Bank of Ireland Group PLC2.029% 09/30/20270.3%
Glencore Funding LLC4.125% 03/12/20240.3%
One New York Plaza Trust 2020-1NYP6.286% 01/15/20360.3%
VASA Trust 2021-VASA6.586% 07/15/20390.3%
Hertz Vehicle Financing LLC3.980% 12/26/20250.3%
KREF 2021-FL2 Ltd6.636% 02/15/20390.3%
AES Corp/The3.300% 07/15/20250.3%
Avis Budget Rental Car Funding AESOP LLC3.340% 08/20/20260.3%
Octagon Investment Partners 32 Ltd6.520% 07/15/20290.3%
GS Mortgage Securities Corp Trust 2021-ROSS6.486% 05/15/20260.3%
Anglo American Capital PLC3.625% 09/11/20240.3%
Puget Energy Inc3.650% 05/15/20250.3%
Manufacturers & Traders Trust Co4.650% 01/27/20260.3%
Microchip Technology Inc0.972% 02/15/20240.3%
RESORTS WORLD LAS VEGAS LLC6.932% 04/16/20240.3%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust4.875% 01/16/20240.3%
Dryden Senior Loan Fund6.550% 04/15/20280.3%
Pagaya AI Debt Trust 2022-12.030% 10/15/20290.3%
Huntington National Bank/The5.699% 11/18/20250.3%
EQT Corp6.125% 02/01/20250.3%
Bank of America Corp3.950% 04/21/20250.3%
Bayer US Finance II LLC3.875% 12/15/20230.3%
COLT 2021-2 Mortgage Loan Trust0.924% 08/25/20660.3%
Vistra Operations Co LLC4.875% 05/13/20240.3%
NRG Energy Inc3.750% 06/15/20240.3%
CenterPoint Energy Inc5.737% 05/13/20240.3%
Ford Credit Auto Owner Trust 2018-REV13.190% 07/15/20310.3%
Viterra Finance BV4.900% 04/21/20270.3%
Magnetite XXII Ltd6.630% 04/15/20310.3%
Continental Resources Inc/OK2.268% 11/15/20260.3%
Goldman Sachs Group Inc/The1.948% 10/21/20270.3%
Lendmark Funding Trust 2021-12.470% 11/20/20310.3%
Monongahela Power Co4.100% 04/15/20240.3%
CF Hippolyta Issuer LLC1.980% 03/15/20610.3%
Pacific Gas and Electric Co3.150% 01/01/20260.3%
BankUnited Inc4.875% 11/17/20250.3%
American Tower Corp3.600% 01/15/20280.3%
CIFC Funding 2013-II Ltd6.572% 10/18/20300.3%
OneMain Financial Issuance Trust 2019-23.140% 10/14/20360.3%
GA Global Funding Trust3.850% 04/11/20250.3%
Goldman Sachs Group Inc/The4.223% 05/01/20290.3%
Intesa Sanpaolo SpA3.250% 09/23/20240.3%
JPMorgan Chase & Co6.004% 02/24/20260.3%
American Express Co4.990% 05/01/20260.3%
Octane Receivables Trust 2022-14.180% 03/20/20280.3%
Vistra Operations Co LLC3.550% 07/15/20240.3%
Morgan Stanley0.791% 01/22/20250.2%
Barclays PLC5.200% 05/12/20260.2%
Bayer US Finance II LLC4.250% 12/15/20250.2%
Prosus NV3.257% 01/19/20270.2%
Mitsubishi UFJ Financial Group Inc4.788% 07/18/20250.2%
Standard Chartered PLC5.200% 01/26/20240.2%
Mitsubishi UFJ Financial Group Inc5.063% 09/12/20250.2%
Citigroup Inc4.400% 06/10/20250.2%
Affirm Asset Securitization Trust 2021-B1.030% 08/17/20260.2%
Venture 33 CLO Ltd6.630% 07/15/20310.2%
J.P. Morgan Chase Commercial Mortgage Securities Trust 2016-NINE2.854% 09/06/20380.2%
Brooklyn Union Gas Co/The4.632% 08/05/20270.2%
TCI-Flatiron Clo 2017-1 Ltd6.305% 11/18/20300.2%
Triton Container International Ltd2.050% 04/15/20260.2%
HCA Inc5.250% 04/15/20250.2%
Cedar Funding V CLO Ltd6.670% 07/17/20310.2%
Orbia Advance Corp SAB de CV1.875% 05/11/20260.2%
UBS Group AG4.488% 05/12/20260.2%
JP Morgan Chase Commercial Mortgage Securities Trust 2012-WLDN3.905% 05/05/20300.2%
LFT CRE 2021-FL1 Ltd7.086% 06/15/20390.2%
F&G Global Funding2.300% 04/11/20270.2%
Navient Corp6.125% 03/25/20240.2%
Morgan Stanley0.790% 05/30/20250.2%
Nuveen Finance LLC4.125% 11/01/20240.2%
American Tower Corp3.650% 03/15/20270.2%
Santander UK Group Holdings PLC4.750% 09/15/20250.2%
Matador Resources Co5.875% 09/15/20260.2%
Vital Energy Inc9.500% 01/15/20250.2%
Cedar Funding XI Clo Ltd6.526% 05/29/20320.2%
HSBC Holdings PLC3.803% 03/11/20250.2%
Tengizchevroil Finance Co International Ltd2.625% 08/15/20250.2%
Morgan Stanley3.620% 04/17/20250.2%
Hertz Vehicle Financing LLC1.210% 12/26/20250.2%
Great Wolf Trust 2019-WOLF6.670% 12/15/20360.2%
Hyundai Capital America3.400% 06/20/20240.2%
EPR Properties4.750% 12/15/20260.2%
Triton Container International Ltd0.800% 08/01/20230.2%
CPI Swap0.010% 08/22/20260.2%
Citigroup Inc5.500% 09/13/20250.2%
Barclays PLC5.829% 05/09/20270.2%
Barclays PLC2.852% 05/07/20260.2%
CPI Swap0.010% 12/30/20230.2%
Freddie Mac STACR REMIC Trust 2021-DNA56.719% 01/25/20340.2%
NatWest Markets PLC3.479% 03/22/20250.2%
CPI Swap0.010% 11/21/20230.2%
Bank of Montreal3.700% 06/07/20250.2%
Nelnet Student Loan Trust 2021-A1.360% 04/20/20620.2%
Continental Resources Inc/OK4.375% 01/15/20280.2%
Centene Corp4.250% 12/15/20270.2%
Mariner Finance Issuance Trust 2021-B2.100% 11/20/20360.2%
Hyundai Capital America0.875% 06/14/20240.2%
Suncor Energy Inc7.875% 06/15/20260.2%
US Foods Inc7.433% 09/13/20260.2%
JP Morgan Chase Commercial Mortgage Securities Trust 2020-MKST7.836% 12/15/20360.2%
Capital One Financial Corp4.166% 05/09/20250.2%
EQT Corp3.900% 10/01/20270.2%
General Motors Financial Co Inc3.950% 04/13/20240.2%
Petroleos Mexicanos6.875% 08/04/20260.2%
BPCE SA5.975% 01/18/20270.2%
Viper Energy Partners LP5.375% 11/01/20270.2%
JPMorgan Chase & Co0.824% 06/01/20250.2%
Madison Park Funding XI Ltd6.507% 07/23/20290.2%
Bank of America Corp5.510% 06/14/20240.2%
Newark BSL CLO 2 Ltd6.583% 07/25/20300.2%
CSMC 2021-NQM61.174% 07/25/20660.2%
Aircastle Ltd4.400% 09/25/20230.2%
Goldman Sachs Group Inc/The0.657% 09/10/20240.2%
First Quantum Minerals Ltd7.500% 04/01/20250.2%
International Flavors & Fragrances Inc1.230% 10/01/20250.2%
New Economy Assets Phase 1 Sponsor LLC1.910% 10/20/20610.2%
JPMorgan Chase & Co4.851% 07/25/20280.2%
Navient Private Education Refi Loan Trust 2021-c1.060% 10/15/20690.2%
Aqua Finance Trust 2021-A1.540% 07/17/20460.2%
Atalaya Equipment Leasing Trust 21-11.230% 05/15/20260.2%
BHMS 2018-ATLS6.519% 07/15/20350.2%
Affirm Asset Securitization Trust 2022-X11.750% 02/15/20270.2%
Octane Receivables Trust 2022-25.110% 02/22/20280.2%
JPMorgan Chase & Co6.264% 02/24/20280.2%
Fells Point Funding Trust3.046% 01/31/20270.2%
GE HealthCare Technologies Inc5.600% 11/15/20250.2%
CPI Swap0.010% 03/31/20250.2%
BBCMS 2018-TALL Mortgage Trust6.540% 03/15/20370.2%
Centene Corp2.450% 07/15/20280.2%
UBS Group AG2.593% 09/11/20250.2%
Centrica PLC4.000% 10/16/20230.2%
US Bancorp4.548% 07/22/20280.2%
VICI Properties LP / VICI Note Co Inc3.750% 02/15/20270.2%
Trans-Allegheny Interstate Line Co3.850% 06/01/20250.2%
CPI Swap0.010% 04/18/20300.2%
Alexander Funding Trust1.841% 11/15/20230.2%
Equitable Financial Life Global Funding5.450% 03/03/20280.2%
Dell International LLC / EMC Corp6.020% 06/15/20260.2%
CPI Swap0.010% 08/04/20260.2%
BA Credit Card Trust5.000% 04/15/20280.2%
Triton Container International Ltd1.150% 06/07/20240.2%
Standard Chartered PLC2.819% 01/30/20260.2%
CPI Swap0.010% 04/07/20250.2%
Magnolia Oil & Gas Operating LLC / Magnolia Oil & Gas Finance Corp6.000% 08/01/20260.2%
Vornado Realty LP3.500% 01/15/20250.2%
Cedar Funding XIV CLO Ltd6.670% 07/15/20330.2%
Warnermedia Holdings Inc3.428% 03/15/20240.2%
UniCredit SpA2.569% 09/22/20260.2%
Arbor Realty Commercial Real Estate Notes 2021-FL3 Ltd6.406% 08/15/20340.2%
VICI Properties LP / VICI Note Co Inc5.625% 05/01/20240.2%
NatWest Group PLC5.808% 09/13/20290.2%
Verus Securitization Trust 2021-51.013% 09/25/20660.2%
Niagara Mohawk Power Corp3.508% 10/01/20240.2%
Southern Co/The5.113% 08/01/20270.2%
SCF Equipment Leasing 2019-2 LLC2.760% 08/20/20260.2%
Bank of America Corp1.530% 12/06/20250.2%
Hyundai Capital America1.250% 09/18/20230.2%
Freddie Mac STACR REMIC Trust 2021-HQA35.919% 09/25/20410.2%
Aviation Capital Group LLC5.500% 12/15/20240.2%
Goldman Sachs Group Inc/The2.640% 02/24/20280.2%
Australia & New Zealand Banking Group Ltd4.400% 05/19/20260.1%
CPI Swap0.010% 06/28/20300.1%
Chord Energy Corp6.375% 06/01/20260.1%
Regal Rexnord Corp6.050% 04/15/20280.1%
Ally Financial Inc1.450% 10/02/20230.1%
DTE Energy Co4.875% 06/01/20280.1%
BB-UBS Trust3.559% 06/05/20300.1%
American Tower Corp5.500% 03/15/20280.1%
Invitation Homes Operating Partnership LP6.419% 01/31/20250.1%
Federation des Caisses Desjardins du Quebec5.700% 03/14/20280.1%
LFT CRE 2021-FL1 Ltd6.506% 06/15/20390.1%
Petroleos Mexicanos6.490% 01/23/20270.1%
Baffinland Iron Mines Corp / Baffinland Iron Mines LP8.750% 07/15/20260.1%
Avolon Holdings Funding Ltd4.250% 04/15/20260.1%
Citigroup Inc3.352% 04/24/20250.1%
Huntington Bancshares Inc/OH4.443% 08/04/20280.1%
Protective Life Global Funding5.209% 04/14/20260.1%
Royal Bank of Canada6.000% 11/01/20270.1%
Kemper Corp4.350% 02/15/20250.1%
BPCE SA4.500% 03/15/20250.1%
Aker BP ASA2.000% 07/15/20260.1%
BBCMS 2018-TALL Mortgage Trust6.141% 03/15/20370.1%
Plains All American Pipeline LP / PAA Finance Corp3.850% 10/15/20230.1%
Southwest Gas Corp5.800% 12/01/20270.1%
Carlyle Global Market Strategies CLO 2015-1 Ltd6.568% 07/20/20310.1%
Citigroup Inc4.140% 05/24/20250.1%
Standard Chartered PLC0.991% 01/12/20250.1%
Intesa Sanpaolo SpA5.710% 01/15/20260.1%
Take-Two Interactive Software Inc5.000% 03/28/20260.1%
Credit Agricole SA4.375% 03/17/20250.1%
Sabine Pass Liquefaction LLC5.875% 06/30/20260.1%
Connecticut Avenue Securities Trust 2023-R037.569% 04/25/20430.1%
Westinghouse Air Brake Technologies Corp4.400% 03/15/20240.1%
Air Lease Corp3.000% 09/15/20230.1%
Donlen Fleet Lease Funding 2 LLC0.560% 12/11/20340.1%
CPI Swap0.010% 01/11/20250.1%
Altice France SA/France8.125% 02/01/20270.1%
Octagon Investment Partners XXI Ltd6.321% 02/14/20310.1%
CPI Swap0.010% 02/11/20310.1%
Arbor Realty Commercial Real Estate Notes 2021-FL2 Ltd6.436% 05/15/20360.1%
Santander Holdings USA Inc2.490% 01/06/20280.1%
Illumina Inc5.750% 12/13/20270.1%
Standard Chartered PLC3.785% 05/21/20250.1%
CPI Swap0.010% 01/06/20260.1%
Hyundai Capital America5.500% 03/30/20260.1%
New York Life Global Funding4.700% 04/02/20260.1%
Illumina Inc5.800% 12/12/20250.1%
JP Morgan Chase Commercial Mortgage Securities Trust 2014-DSTY3.429% 06/10/20270.1%
Toll Brothers Finance Corp4.875% 11/15/20250.1%
Project Alpha Intermediate Holding Inc9.319% 04/26/20240.1%
Societe Generale SA2.226% 01/21/20260.1%
Parsley Energy LLC / Parsley Finance Corp4.125% 02/15/20280.1%
GS Mortgage Securities Corp Trust 2018-RIVR6.219% 07/15/20350.1%
DBGS 2021-W52 Mortgage Trust6.731% 10/15/20360.1%
Santander UK Group Holdings PLC1.089% 03/15/20250.1%
Black Hills Corp5.950% 03/15/20280.1%
Jackson National Life Global Funding1.750% 01/12/20250.1%
Reynolds American Inc4.450% 06/12/20250.1%
Imperial Brands Finance PLC3.125% 07/26/20240.1%
CPI Swap0.010% 06/25/20300.1%
HAT Holdings I LLC / HAT Holdings II LLC3.375% 06/15/20260.1%
Westlake Automobile Receivables Trust 2021-20.890% 07/15/20260.1%
Fannie Mae Connecticut Avenue Securities10.662% 10/25/20230.1%
CPI Swap0.010% 06/01/20300.1%
CPI Swap0.010% 06/30/20300.1%
Avolon Holdings Funding Ltd5.250% 05/15/20240.1%
Bank of Ireland Group PLC6.253% 09/16/20260.1%
Air Canada 2015-2 Class B Pass Through Trust5.000% 06/15/20250.1%
Qorvo Inc1.750% 12/15/20240.1%
BB-UBS Trust3.559% 06/05/20300.1%
Kite Realty Group Trust4.000% 03/15/20250.1%
Bread Financial Holdings Inc7.000% 01/15/20260.1%
Hyundai Capital America5.650% 06/26/20260.1%
Humana Inc5.750% 03/01/20280.1%
FactSet Research Systems Inc2.900% 03/01/20270.1%
Fortress Transportation and Infrastructure Investors LLC6.500% 10/01/20250.1%
CPI Swap0.010% 11/25/20240.1%
PDC Energy Inc5.750% 05/15/20260.1%
Upstart Securitization Trust 2021-51.310% 11/20/20310.1%
Duke Energy Corp2.650% 09/01/20260.1%
Credit Suisse AG/New York NY3.625% 09/09/20240.1%
Glencore Funding LLC4.000% 04/16/20250.1%
Regal Rexnord Corp6.050% 02/15/20260.1%
Microchip Technology Inc2.670% 09/01/20230.1%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust1.750% 10/29/20240.1%
CSMC 2022-NQM12.265% 11/25/20660.1%
CPI Swap0.010% 12/09/20240.1%
T-Mobile USA Inc3.750% 04/15/20270.1%
CNO Financial Group Inc5.250% 05/30/20250.1%
IPALCO Enterprises Inc3.700% 09/01/20240.1%
CPI Swap0.010% 03/31/20310.1%
CPI Swap0.010% 12/05/20240.1%
F&G Annuities & Life Inc7.400% 01/13/20280.1%
Crown Castle Inc5.000% 01/11/20280.1%
LSTAR Commercial Mortgage Trust 2017-54.500% 03/10/20500.1%
Eskom Holdings SOC Ltd7.125% 02/11/20250.1%
Philip Morris International Inc5.125% 11/17/20270.1%
CPI Swap0.010% 04/11/20260.1%
CPI Swap0.010% 09/21/20280.1%
CPI Swap0.010% 12/02/20280.1%
CPI Swap0.010% 05/28/20360.1%
DCP Midstream Operating LP5.375% 07/15/20250.1%
Hyundai Capital America0.800% 01/08/20240.1%
Truist Financial Corp1.267% 03/02/20270.1%
Bayer US Finance II LLC6.562% 12/15/20230.1%
Buckeye Partners LP7.683% 11/01/20260.1%
Sumitomo Mitsui Financial Group Inc5.800% 07/13/20280.1%
American Electric Power Co Inc5.750% 11/01/20270.1%
General Motors Financial Co Inc2.750% 06/20/20250.1%
Stanley Black & Decker Inc6.000% 03/06/20280.1%
CPI Swap0.010% 12/10/20280.1%
CPI Swap0.010% 09/29/20520.1%
CPI Swap0.010% 07/24/20290.1%
CPI Swap0.010% 07/31/20290.1%
Generate CLO 2 Ltd6.757% 01/22/20310.1%
Aon Corp8.205% 01/01/20270.1%
F&G Global Funding0.900% 09/20/20240.1%
CPI Swap0.010% 05/12/20360.1%
COMM 2012-CCRE1 Mortgage Trust4.612% 05/15/20450.1%
CPI Swap0.010% 08/12/20360.1%
GLP Capital LP / GLP Financing II Inc5.250% 06/01/20250.1%
Aviation Capital Group LLC6.250% 04/15/20280.1%
CPI Swap0.010% 03/02/20240.1%
Discover Bank4.250% 03/13/20260.1%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust3.150% 02/15/20240.1%
Santander Retail Auto Lease Trust 2021-A0.510% 07/22/20240.1%
HSBC Holdings PLC0.732% 08/17/20240.1%
General Motors Financial Co Inc5.400% 04/06/20260.1%
CPI Swap0.010% 11/15/20240.1%
American Electric Power Co Inc2.031% 03/15/20240.1%
Carlyle Global Market Strategies CLO 2014-3-R Ltd6.669% 07/27/20310.1%
CPI Swap0.010% 11/21/20360.1%
Bank of America Corp1.734% 07/22/20270.1%
Oncor Electric Delivery Co LLC4.300% 05/15/20280.1%
CNO Global Funding1.750% 10/07/20260.1%
NatWest Group PLC4.269% 03/22/20250.1%
EPR Properties4.500% 06/01/20270.1%
CPI Swap0.010% 12/16/20360.1%
CPI Swap0.010% 03/02/20270.1%
Ford Credit Auto Owner Trust 2019-REV13.520% 07/15/20300.1%
UBS Group AG1.494% 08/10/20270.1%
CPI Swap0.010% 10/30/20300.1%
Citigroup Inc3.290% 03/17/20260.1%
BlueMountain Fuji US Clo I Ltd6.568% 07/20/20290.1%
Starwood Mortgage Residential Trust 2021-20.943% 05/25/20650.1%
CPI Swap0.010% 01/30/20380.1%
Magnetite Xxix Ltd6.560% 01/15/20340.1%
NextEra Energy Capital Holdings Inc6.051% 03/01/20250.1%
Pennsylvania Electric Co5.150% 03/30/20260.1%
Barclays PLC4.836% 05/09/20280.1%
CPI Swap0.010% 04/22/20250.1%
US 5YR NOTE (CBT) Sep230.000% 10/04/20230.1%
Credit Acceptance Auto Loan Trust 2021-31.000% 05/15/20300.1%
Glencore Funding LLC4.000% 03/27/20270.1%
Oracle Corp2.300% 03/25/20280.1%
CPI Swap0.010% 04/26/20250.1%
CPI Swap0.010% 12/23/20310.1%
CPI Swap0.010% 02/05/20250.1%
BlueMountain CLO 2013-2 Ltd6.787% 10/22/20300.1%
SCF Equipment Leasing 2021-1 LLC1.370% 08/20/20290.1%
CPI Swap0.010% 12/02/20240.1%
Hyundai Capital America1.000% 09/17/20240.1%
CPI Swap0.010% 10/15/20290.1%
CPI Swap0.010% 05/31/20280.1%
CPI Swap0.010% 03/22/20410.1%
Amgen Inc5.150% 03/02/20280.1%
BBVA Bancomer SA/Texas4.375% 04/10/20240.1%
Santander Drive Auto Receivables Trust 2022-53.980% 01/15/20250.1%
CPI Swap0.010% 06/22/20250.1%
SCF Equipment Leasing 2021-1 LLC0.830% 08/21/20280.1%
Hudsons Bay Simon JV Trust 2015-HBS4.666% 08/05/20340.1%
CPI Swap0.010% 06/01/20280.1%
Comision Federal de Electricidad4.750% 02/23/20270.1%
Anchorage Capital CLO 4-R Ltd6.677% 01/28/20310.1%
Univision Communications Inc8.183% 03/15/20240.1%
CPI Swap0.010% 04/28/20310.1%
Netflix Inc3.625% 06/15/20250.1%
ACRES Commercial Realty 2021-FL2 Ltd6.736% 01/15/20370.1%
Pioneer Natural Resources Co5.100% 03/29/20260.1%
CPI Swap0.010% 02/08/20290.1%
Aviation Capital Group LLC4.375% 01/30/20240.1%
CPI Swap0.010% 02/15/20290.1%
Hyundai Capital America5.875% 04/07/20250.1%
ABN AMRO Bank NV4.800% 04/18/20260.1%
ONE Gas Inc1.100% 03/11/20240.1%
CPI Swap0.010% 02/01/20320.1%
CPI Swap0.010% 12/14/20240.1%
GA Global Funding Trust0.800% 09/13/20240.1%
CPI Swap0.010% 02/27/20290.1%
CPI Swap0.010% 06/11/20360.1%
F&G Global Funding1.750% 06/30/20260.1%
CPI Swap0.010% 06/06/20280.1%
CPI Swap0.010% 09/11/20280.1%
CPI Swap0.010% 08/27/20280.1%
CPI Swap0.010% 01/18/20290.1%
CPI Swap0.010% 01/13/20290.1%
CPI Swap0.010% 08/14/20280.1%
CPI Swap0.010% 11/17/20360.1%
CPI Swap0.010% 01/24/20290.1%
CPI Swap0.010% 04/26/20300.1%
CPI Swap0.010% 07/06/20280.1%
CPI Swap0.010% 10/01/20280.1%
CPI Swap0.010% 08/09/20280.1%
CPI Swap0.010% 10/09/20280.1%
HMH Trust 2017-NSS3.062% 07/05/20310.1%
CPI Swap0.010% 08/03/20280.1%
CPI Swap0.010% 05/11/20280.1%
TICP CLO IX Ltd6.728% 01/20/20310.1%
Galaxy XIX CLO Ltd6.557% 07/24/20300.1%
Freddie Mac STACR REMIC Trust 2022-DNA47.269% 05/25/20420.1%
PFS Financing Corp1.000% 10/15/20250.1%
Benefit Street Partners CLO III Ltd6.588% 07/20/20290.1%
Adani Ports & Special Economic Zone Ltd3.375% 07/24/20240.1%
CSMC 2021-NQM10.809% 05/25/20650.1%
GS Mortgage Securities Corp Trust 2017-GPTX2.856% 05/10/20340.1%
CPI Swap0.010% 11/15/20510.1%
CPI Swap0.010% 09/07/20370.1%
CPI Swap0.010% 05/17/20360.1%
Anchorage Capital CLO 3-R Ltd6.677% 01/28/20310.1%
Atrium Hotel Portfolio Trust 2017-ATRM7.019% 12/15/20360.1%
Global Payments Inc2.650% 02/15/20250.1%
CPI Swap0.010% 09/01/20290.1%
HEICO Corp5.250% 08/01/20280.1%
CPI Swap0.010% 10/02/20290.1%
CPI Swap0.010% 03/04/20240.0%
BWAY 2015-1740 Mortgage Trust3.342% 01/10/20350.0%
CPI Swap0.010% 10/14/20290.0%
CPI Swap0.010% 11/27/20290.0%
Navient Corp6.750% 06/25/20250.0%
Sabine Pass Liquefaction LLC5.750% 05/15/20240.0%
CARLYLE US CLO 2017-3 Ltd6.488% 07/20/20290.0%
Exeter Automobile Receivables Trust 2021-10.980% 06/15/20260.0%
CSMC 2021-NQM72.064% 10/25/20660.0%
JFIN CLO 2013 Ltd7.788% 01/20/20300.0%
SCF Equipment Leasing 2019-2 LLC2.470% 04/20/20260.0%
Avolon Holdings Funding Ltd6.375% 05/04/20280.0%
CPI Swap0.010% 02/21/20310.0%
Eni SpA4.000% 09/12/20230.0%
CPI Swap0.010% 12/08/20290.0%
CPI Swap0.010% 10/25/20320.0%
BPCE SA2.375% 01/14/20250.0%
HSBC Holdings PLC0.976% 05/24/20250.0%
CSMC 2021-NQM31.015% 04/25/20660.0%
PFS Financing Corp0.970% 02/15/20260.0%
HCA Inc5.375% 02/01/20250.0%
Verus Securitization Trust 2021-R31.020% 04/25/20640.0%
CPI Swap0.010% 12/29/20270.0%
HCA Inc5.250% 06/15/20260.0%
HMH Trust 2017-NSS3.343% 07/05/20310.0%
NatWest Markets PLC0.800% 08/12/20240.0%
Octagon Investment Partners XIV Ltd6.520% 07/15/20290.0%
HMH Trust 2017-NSS4.723% 07/05/20310.0%
Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand5.375% 04/17/20250.0%
World Omni Select Auto Trust 2019-A2.590% 12/15/20250.0%
Danske Bank A/S1.621% 09/11/20260.0%
Greenko Dutch BV3.850% 03/29/20260.0%
Sasol Financing USA LLC5.875% 03/27/20240.0%
CPI Swap0.010% 03/10/20320.0%
JP Morgan Chase Commercial Mortgage Securities Trust 2018-PTC6.719% 04/15/20310.0%
Drive Auto Receivables Trust 2019-42.700% 02/16/20270.0%
CPI Swap0.010% 03/28/20290.0%
CPI Swap0.010% 04/05/20290.0%
COMM 2012-CCRE3 Mortgage Trust3.922% 10/15/20450.0%
British Airways 2013-1 Class A Pass Through Trust4.625% 12/20/20250.0%
CPI Swap0.010% 02/12/20330.0%
NUTRITION BIOSCIENCES INC0.067% 02/01/20240.0%
CPI Swap0.010% 12/13/20310.0%
TCI-Flatiron Clo 2018-1 Ltd6.691% 01/29/20320.0%
CPI Swap0.010% 03/15/20290.0%
UBS Group AG2.193% 06/05/20260.0%
CPI Swap0.010% 01/26/20290.0%
CSMC Trust 2017-PFHP6.219% 12/15/20300.0%
CPI Swap0.010% 05/21/20280.0%
Navient Private Education Refi Loan Trust 2020-F1.220% 07/15/20690.0%
Take-Two Interactive Software Inc3.550% 04/14/20250.0%
HMH Trust 2017-NSS3.787% 07/05/20310.0%
CPI Swap0.010% 04/17/20260.0%
BNP Paribas SA4.375% 05/12/20260.0%
GS Mortgage Securities Corp Trust 2017-GPTX3.104% 05/10/20340.0%
Verus Securitization Trust 2021-R20.918% 02/25/20640.0%
Drive Auto Receivables Trust 2021-11.020% 06/15/20270.0%
Calpine Corp5.250% 06/01/20260.0%
Macquarie Group Ltd1.340% 01/12/20270.0%
CSMC 2014-USA OA LLC0.540% 09/15/20370.0%
Ford Credit Auto Owner Trust 2020-C0.410% 07/15/20250.0%
GS Mortgage Securities Corp Trust 2021-ROSS11.236% 05/15/20260.0%
Air Lease Corp4.250% 02/01/20240.0%
JP Morgan Chase Commercial Mortgage Securities Trust 2018-PTC7.419% 04/15/20310.0%
Aviation Capital Group LLC1.950% 01/30/20260.0%
SK Hynix Inc1.500% 01/19/20260.0%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust4.500% 09/15/20230.0%
LSTAR Commercial Mortgage Trust 2016-40.654% 03/10/20490.0%
DBJPM 2016-C3 Mortgage Trust1.426% 08/10/20490.0%
CPI Swap0.010% 01/27/20240.0%
BWAY 2013-1515 Mortgage Trust0.403% 03/10/20330.0%
CSMC 2020-AFC1 Trust2.240% 02/25/20500.0%
PDC Energy Inc6.125% 09/15/20240.0%
Octane Receivables Trust 2021-10.930% 03/22/20270.0%
Verus Securitization Trust 2021-10.815% 01/25/20660.0%
JP Morgan Chase Commercial Mortgage Securities Trust 2018-PTC7.819% 04/15/20310.0%
Towd Point Asset Trust 2018-SL16.012% 01/25/20460.0%
CPI Swap0.010% 10/04/20250.0%
Fannie Mae Pool4.760% 03/01/20420.0%
BNP Paribas SA1.323% 01/13/20270.0%
JPMCC Commercial Mortgage Securities Trust 2017-JP70.984% 09/15/20500.0%
CPI Swap0.010% 10/15/20240.0%
Fannie Mae Pool6.423% 12/01/20450.0%
Popular Inc6.125% 09/14/20230.0%
Carvana Auto Receivables Trust 2021-N10.700% 01/10/20280.0%
Standard Chartered PLC1.214% 03/23/20250.0%
Wells Fargo Commercial Mortgage Trust 2016-LC240.975% 10/15/20490.0%
BNP Paribas SA2.219% 06/09/20260.0%
PFP 2021-7 Ltd6.167% 04/14/20380.0%
Santander Drive Auto Receivables Trust 2021-10.750% 02/17/20260.0%
DBWF Mortgage Trust2.998% 06/10/20340.0%
OneMain Financial Issuance Trust 2018-23.570% 03/14/20330.0%
World Omni Select Auto Trust 2019-A2.380% 12/15/20250.0%
BBCMS Trust 2015-VFM2.466% 03/10/20360.0%
Freddie Mac Non Gold Pool3.890% 11/01/20430.0%
CSMC Trust 2016-NXSR0.177% 12/15/20490.0%
MSCG Trust 2015-ALDR2.612% 06/07/20350.0%
Verus Securitization Trust 2020-41.502% 05/25/20650.0%
CPI Swap0.010% 11/30/20310.0%
Morgan Stanley Bank of America Merrill Lynch Trust 2016-C311.272% 11/15/20490.0%
Angel Oak Mortgage Trust 2020-61.261% 05/25/20650.0%
Government National Mortgage Association3.000% 01/16/20480.0%
Morgan Stanley Capital I Trust 2016-UB111.438% 08/15/20490.0%
Verus Securitization Trust 2020-51.218% 05/25/20650.0%
Carvana Auto Receivables Trust 2021-N20.320% 03/10/20280.0%
Orange Lake Timeshare Trust 2019-A3.060% 04/09/20380.0%
New Residential Mortgage Loan Trust 2020-NQM12.464% 01/26/20600.0%
WFRBS Commercial Mortgage Trust 2014-C210.643% 08/15/20470.0%
DBWF 2016-85T Mortgage Trust0.014% 12/10/20360.0%
Freddie Mac Non Gold Pool4.100% 02/01/20380.0%
CSAIL 2016-C7 Commercial Mortgage Trust0.933% 11/15/20490.0%
Freddie Mac Multifamily Structured Pass Through Certificates2.110% 02/25/20320.0%
Csail 2015-C2 Commercial Mortgage Trust0.000% 06/15/20570.0%
CPI Swap0.010% 12/07/20310.0%
Angel Oak Mortgage Trust 2020-12.466% 12/25/20590.0%
Verus Securitization Trust 2020-12.417% 01/25/20600.0%
Freddie Mac Multifamily Structured Pass Through Certificates0.152% 11/25/20260.0%
CFCRE Commercial Mortgage Trust 2016-C61.079% 11/10/20490.0%
Lennar Corp4.875% 12/15/20230.0%
Ellington Financial Mortgage Trust 2017-10.797% 02/25/20660.0%
Wells Fargo Commercial Mortgage Trust 2016-BNK11.713% 08/15/20490.0%
CFCRE Commercial Mortgage Trust 2016-C70.657% 12/10/20540.0%
Fannie Mae Pool4.832% 10/01/20350.0%
Freddie Mac Non Gold Pool4.649% 09/01/20360.0%
Freddie Mac Non Gold Pool4.201% 02/01/20370.0%
J.P. Morgan Chase Commercial Mortgage Securities Trust 2018-AON0.485% 07/05/20310.0%
Wells Fargo Commercial Mortgage Trust 2015-C290.014% 06/15/20480.0%
Fannie Mae Pool6.633% 12/01/20450.0%
Fannie Mae Pool4.322% 12/01/20400.0%
Fannie Mae Pool4.420% 06/01/20380.0%
Freddie Mac Non Gold Pool4.170% 12/01/20360.0%
JP Morgan Chase Commercial Mortgage Securities Trust 2016-JP40.577% 12/15/20490.0%
Residential Mortgage Loan Trust 2020-12.376% 01/26/20600.0%
Fannie Mae Pool4.822% 09/01/20380.0%
JP Morgan Chase Commercial Mortgage Securities Trust 2018-WPT0.376% 07/05/20330.0%
Morgan Stanley Bank of America Merrill Lynch Trust 2015-C230.545% 07/15/20500.0%
Fannie Mae Pool5.518% 10/01/20450.0%
Fannie Mae Pool4.163% 03/01/20390.0%
MVW Owner Trust 2017-12.420% 12/20/20340.0%
Fannie Mae Pool4.716% 01/01/20380.0%
Citigroup Commercial Mortgage Trust 2015-GC310.331% 06/10/20480.0%
Wells Fargo Commercial Mortgage Trust 2015-C290.589% 06/15/20480.0%
CFCRE Commercial Mortgage Trust 2016-C41.604% 05/10/20580.0%
Credit Suisse Mortgage Capital Certificates1.616% 04/25/20650.0%
Fannie Mae Pool4.152% 04/01/20400.0%
Fannie Mae Pool4.146% 12/01/20400.0%
CD 2016-CD1 Mortgage Trust1.364% 08/10/20490.0%
Starwood Mortgage Residential Trust 2020-12.275% 02/25/20500.0%
Fannie Mae Pool4.675% 12/01/20380.0%
Freddie Mac Non Gold Pool4.139% 04/01/20370.0%
Freddie Mac Non Gold Pool4.190% 05/01/20360.0%
Government National Mortgage Association2.900% 10/16/20550.0%
GS Mortgage Securities Trust 2015-GS10.756% 11/10/20480.0%
JPMBB Commercial Mortgage Securities Trust 2014-C240.846% 11/15/20470.0%
LSTAR Commercial Mortgage Trust 2016-41.685% 03/10/20490.0%
Interest Rate Swap0.173% 10/21/20250.0%
Freddie Mac Non Gold Pool4.326% 10/01/20380.0%
Fannie Mae Pool4.556% 10/01/20400.0%
COMM 2014-CCRE19 Mortgage Trust0.926% 08/10/20470.0%
Fannie Mae Pool4.987% 08/01/20380.0%
JPMBB Commercial Mortgage Securities Trust 2015-C290.554% 05/15/20480.0%
JP Morgan Chase Commercial Mortgage Securities Trust 2014-DSTY0.376% 06/10/20270.0%
J.P. Morgan Chase Commercial Mortgage Securities Trust 2018-AON0.154% 07/05/20310.0%
Citigroup Commercial Mortgage Trust 2014-GC230.207% 07/10/20470.0%
Fannie Mae Pool4.606% 08/01/20370.0%
Fannie Mae Pool4.345% 03/01/20380.0%
DBWF Mortgage Trust0.423% 06/10/20340.0%
GS Mortgage Securities Corp Trust 2017-SLP3.419% 10/10/20320.0%
Government National Mortgage Association0.174% 01/16/20550.0%
Government National Mortgage Association0.596% 08/16/20540.0%
COMM 2012-CCRE4 Mortgage Trust1.144% 10/15/20450.0%
JP Morgan Chase Commercial Mortgage Securities Trust 2014-DSTY0.034% 06/10/20270.0%
JP Morgan Chase Commercial Mortgage Securities Trust 2013-LC110.952% 04/15/20460.0%
OGX Austria GmbH8.500% 06/01/20180.0%
Interest Rate Swap5.197% 10/21/20250.0%
CPI Swap0.010% 10/28/20270.0%
CPI Swap0.010% 03/30/20320.0%
CPI Swap0.010% 06/08/20260.0%
CPI Swap0.010% 04/14/20520.0%
CPI Swap0.010% 03/22/20320.0%
US 10yr Ultra Fut Sep230.000% 09/29/20230.0%
CPI Swap0.010% 08/27/20230.0%
CPI Swap0.010% 03/31/20260.0%
CPI Swap0.010% 03/09/2052-0.1%
CPI Swap0.010% 12/08/2024-0.1%
CPI Swap0.010% 03/05/2038-0.1%
CPI Swap0.010% 02/15/2033-0.1%
CPI Swap0.010% 01/16/2038-0.1%
CPI Swap0.010% 08/25/2023-0.1%
CPI Swap0.010% 10/01/2025-0.1%
US ULTRA BOND CBT Sep230.000% 09/29/2023-0.2%
US 2YR NOTE (CBT) Sep230.000% 10/04/2023-0.6%

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

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

Dividend Payments

For
YTD Dividends Paidas of 09/28/2023
$0.32977
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 08/31/2023 $0.04283 $11.44
Daily Daily 07/31/2023 $0.04145 $11.56
Daily Daily 06/30/2023 $0.04215 $11.49
Daily Daily 05/31/2023 $0.04154 $11.54
Daily Daily 04/30/2023 $0.04334 $11.68
Daily Daily 03/31/2023 $0.04034 $11.74
Daily Daily 02/28/2023 $0.03692 $11.61
Daily Daily 01/31/2023 $0.04119 $11.66

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 09/30/2023
Daily Daily 10/31/2023
Daily Daily 11/30/2023
Daily Daily 12/31/2023

Fees & Expenses

Fees & Expenses

Expense Ratioas of 08/31/2023

Fund Gross Expense Ratio Fund Net Expense Ratio
0.39% 0.39%

Fund Documents

Fund Documents

0Documents selected
Portfolio Holdings 1Q
Publish Date:11/03/2015
Portfolio Holdings 3Q
Publish Date:11/03/2015
Summary Prospectus
Publish Date:11/03/2015
Statutory Prospectus
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

To order literature visit full website

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

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

 
 Quantity
Quantity
 Remove
Remove
+

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

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.

 

2

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

 

3

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

 

IMPORTANT INFORMATION

 

A Note about Risk: Although the Fund invests in inflation-linked investments, there is no guarantee that the Fund will generate returns that exceed the rate of inflation in the U.S. over time. During periods of deflation or when inflation is lower than anticipated, the Fund is likely to underperform funds that hold fixed income securities similar to those held by the Fund but do not hold inflation-linked investments. The Fund may invest substantially in inflation-linked derivatives and other types of derivatives and is exposed to the risk that the value of a derivative instrument does not move in correlation to the value of an underlying securities, market index or interest rate, or moves in an opposite direction than anticipated by the Fund. Investing in derivatives also involves greater liquidity, leverage, and counterparty risk. Because derivatives may involve a small amount of cash relative to the total amount of the transaction, the magnitude of losses from derivatives may be greater than the amount originally invested by the Fund. In addition, the Fund must also be able to correctly forecast market movements and other factors to be successful with its derivatives investments. The Fund is subject to the general risks associated with investing in fixed income securities, including market, credit, liquidity, and interest rate risk. These factors can affect the Fund’s 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.

 

 

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.   

 

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.

Select funds to run a Morningstar Hypothetical Report.

    Please confirm your literature shipping address

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

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

    Current Literature Shipping Address

    * Required field