LIFAX | Inflation Focused Fund Class A | Lord Abbett

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Inflation Focused Fund

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Daily price w/o sales charge as of 01/14/2025

$11.61

$0.00

YTD Returns w/o sales charge as of 01/14/2025

0.43%

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 12/31/2024

5.59%

30-Day Standardized Yield 1 as of 12/31/2024  

  Subsidized2 Un-Subsidized3
w/o sales charge 4.18% 4.17%

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

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.

Fund Basicsas of 12/31/2024

Total Net Assets
$708.57 M
Inception Date
04/29/2011
Dividend Frequency
Monthly
Fund Gross Expense Ratio
0.73%
Fund Net Expense Ratio
0.73%
Number of Holdings
627
Minimum Initial Investment
$1,500+

Fund Expense Ratio :

Gross 0.73%

Net 0.73%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/29/2011
w/o sales charge 4.90% 4.90% 1.28% 3.95% 2.71% 1.88%
Lipper Category Avg. Inflation Protected Bond Funds 2.62% 2.62% -1.41% 1.93% 1.95% -
Bloomberg U.S. TIPS 1-5 Year Index 4.39% 4.39% 1.55% 3.16% 2.49% 1.84%
w/ sales charge 2.50% 2.50% 0.51% 3.48% 2.48% 1.71%

Fund Expense Ratio :

Gross 0.73%

Net 0.73%

Fund Expense Ratio :

Gross 0.73%

Net 0.73%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/29/2011
w/o sales charge 4.90% 4.90% 1.28% 3.95% 2.71% 1.88%
Lipper Category Avg. Inflation Protected Bond Funds 2.62% 2.62% -1.41% 1.93% 1.95% -
Bloomberg U.S. TIPS 1-5 Year Index 4.39% 4.39% 1.55% 3.16% 2.49% 1.84%
w/ sales charge 2.50% 2.50% 0.51% 3.48% 2.48% 1.71%

Fund Expense Ratio :

Gross 0.73%

Net 0.73%

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

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
High Yield Corporate
CLO
MBS
CMBS
U.S. Government Related
Bank Loans
Sovereign
Convertible Bonds
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

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 12/31/2024 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

30 Years of Industry Experience

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

Partner, Portfolio Manager

26 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Co-Head of Taxable Fixed Income

23 Years of Industry Experience

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

Partner & Portfolio Manager

23 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Co-Head of Taxable Fixed Income

33 Years of Industry Experience

Supported By 82 Investment Professionals with 17 Years Avg. Industry Experience

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Performance

Performance

Average Yield to Maturity as of 12/31/2024

5.59%

30-Day Standardized Yield 1 as of 12/31/2024  

  Subsidized2 Un-Subsidized3
w/o sales charge 4.18% 4.17%

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

Fund Expense Ratio :

Gross 0.73%

Net 0.73%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/29/2011
w/o sales charge 4.90% 4.90% 1.28% 3.95% 2.71% 1.88%
Lipper Category Avg. Inflation Protected Bond Funds 2.62% 2.62% -1.41% 1.93% 1.95% -
Bloomberg U.S. TIPS 1-5 Year Index 4.39% 4.39% 1.55% 3.16% 2.49% 1.84%
w/ sales charge 2.50% 2.50% 0.51% 3.48% 2.48% 1.71%

Fund Expense Ratio :

Gross 0.73%

Net 0.73%

Fund Expense Ratio :

Gross 0.73%

Net 0.73%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/29/2011
w/o sales charge 4.90% 4.90% 1.28% 3.95% 2.71% 1.88%
Lipper Category Avg. Inflation Protected Bond Funds 2.62% 2.62% -1.41% 1.93% 1.95% -
Bloomberg U.S. TIPS 1-5 Year Index 4.39% 4.39% 1.55% 3.16% 2.49% 1.84%
w/ sales charge 2.50% 2.50% 0.51% 3.48% 2.48% 1.71%

Fund Expense Ratio :

Gross 0.73%

Net 0.73%

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

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
2024 4.90% 4.39%
2023 4.10% 4.44%
2022 -4.85% -3.96%
2021 10.29% 5.53%
2020 5.93% 5.70%
2019 4.86% 5.08%
2018 -1.28% 0.41%
2017 1.33% 0.80%
2016 4.96% 3.13%
2015 -2.22% -0.14%
2014 -5.20% -
2013 -1.76% -
2012 9.87% -
Year Q1 Q2 Q3 Q4
2025 - - - -
2024 1.28% 1.35% 2.35% -0.15%
2023 2.70% -1.12% -0.19% 2.71%
2022 -0.49% -4.02% -2.27% 1.94%
2021 4.26% 1.62% 2.27% 1.79%
2020 -14.80% 10.55% 6.13% 5.96%
2019 2.60% 0.41% -1.37% 3.19%
2018 0.40% 0.95% 0.71% -3.28%
2017 0.73% -1.53% 1.13% 1.01%
2016 -0.90% -0.65% 2.45% 4.05%
2015 -0.17% 1.72% -4.68% 1.03%
2014 0.02% 2.20% -2.74% -4.66%
2013 0.51% -3.67% 1.32% 0.15%
2012 5.40% -0.99% 3.16% 2.05%

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

Growth of $10,000 as of 12/31/2024

The chart begins on the Fund's inception date of 04/29/2011.

Based on a hypothetical Class A share investment of $10,000 on 04/29/2011 without sales charge and includes the reinvestment of all distributions.

 

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Rating Assets
Investment Grade Corporate
ABS
High Yield Corporate
CLO
MBS
CMBS
U.S. Government Related
Bank Loans
Sovereign
Convertible Bonds
Other
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

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 12/31/2024

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 09/30/2024

  • The Fund maintains an allocation to CPI Swaps designed to protect investors’ purchasing power during periods of rising inflation. As inflation expectations decreased, the Fund’s inflation protection led to a negative impact on performance.
  • The portfolio’s rates positioning was the primary detractor over the period. Short-term yields moved significantly lower over the quarter in response to weaker employment data, softer inflation prints, and the anticipated response from the Fed.  Therefore, the portfolio’s modestly shorter duration led to a negative impact on relative returns.
  • The portfolio’s allocation to commercial mortgage-backed securities (CMBS) also detracted from relative performance, as fundamental headwinds continued to weigh on parts of the market, particularly in the Office segment. We have meaningfully reduced our allocation to the asset class in recent years and are comfortable with our current commercial real estate portfolio. While we find compelling value within the asset class, we remain cautious given the wide range of possible outcomes in segments of the market.  
  • An allocation to agency residential mortgage-backed securities (RMBS) modestly detracted from relative performance. Given technical pressures, we believe agency RMBS show attractive relative value in the current environment and significantly increased the portfolio’s exposure to this sector over the quarter. We have been focused on 15-year mortgages with higher coupons and shorter weighted average lives consistent with our short duration mandate.
  • Security selection within investment grade corporate bonds was the primary contributor to relative returns, particularly within the Financial sector. Within Financials, we continue to favor diversified financial institutions with strong management teams and business models less dependent on deposits. Over the quarter, we decreased the portfolio’s exposure to the sector, taking profits on positions that have performed well.
  • The portfolio’s allocation to high yield corporate bonds led to a positive impact on relative returns due to higher carry and modest spread compression.  At points throughout the quarter, including during the volatility in early August, we opportunistically added to short high yield bonds at wider spreads.
  • The portfolio’s allocation to bank loans also contributed to relative performance given the sector’s greater carry over investment grade corporates. The sector shows attractive spread pick up relative to fixed rate corporates today as buyers seek duration during interest rate declines.

Portfolio Details as of 12/31/2024

Total Net Assets
$708.57 M
Average Effective Duration
2.92 Years
Average Life
2.18 Years
Average Maturity
2.18 Years
Number of Issues
627
Average Yield to Maturity
5.59%

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
15-YR UMBS-TBA PROD JAN 5.000% 06/01/2039 2.7%
15-YR UMBS-TBA PROD JAN 5.500% 02/01/2039 2.6%
Exeter Automobile Receivables Trust 2020-2 7.190% 09/15/2027 1.8%
Lendmark Funding Trust 2022-1 5.120% 07/20/2032 0.8%
Devon Energy Corp 5.250% 10/15/2027 0.8%
ABN AMRO Bank NV 4.750% 07/28/2025 0.8%
SBNA Auto Lease Trust 2024-A 5.390% 11/20/2026 0.8%
OneMain Financial Issuance Trust 2022-3 5.940% 05/15/2034 0.8%
Danske Bank A/S 3.244% 12/20/2025 0.7%
Lloyds Banking Group PLC 4.582% 12/10/2025 0.7%
% of Total Assets 12.5%
Holding Coupon Maturity Assets
15-YR UMBS-TBA PROD JAN5.000% 06/01/20392.7%
15-YR UMBS-TBA PROD JAN5.500% 02/01/20392.6%
Exeter Automobile Receivables Trust 2020-27.190% 09/15/20271.8%
Lendmark Funding Trust 2022-15.120% 07/20/20320.8%
Devon Energy Corp5.250% 10/15/20270.8%
ABN AMRO Bank NV4.750% 07/28/20250.8%
SBNA Auto Lease Trust 2024-A5.390% 11/20/20260.8%
OneMain Financial Issuance Trust 2022-35.940% 05/15/20340.8%
Danske Bank A/S3.244% 12/20/20250.7%
Lloyds Banking Group PLC4.582% 12/10/20250.7%
System Energy Resources Inc6.000% 04/15/20280.7%
Wells Fargo & Co4.808% 07/25/20280.7%
Imperial Brands Finance PLC6.125% 07/27/20270.7%
Ally Financial Inc5.750% 11/20/20250.7%
OneMain Direct Auto Receivables Trust 2019-13.630% 09/14/20270.7%
VICI Properties LP / VICI Note Co Inc3.500% 02/15/20250.6%
Viterra Finance BV4.900% 04/21/20270.6%
Manufacturers & Traders Trust Co4.650% 01/27/20260.6%
Lendmark Funding Trust 2021-12.470% 11/20/20310.6%
Devon Energy Corp5.875% 06/15/20280.6%
United States Treasury Inflation Indexed Bonds0.375% 07/15/20250.6%
Apidos CLO XXXI6.018% 04/15/20310.6%
Continental Resources Inc/OK2.268% 11/15/20260.6%
Viterra Finance BV2.000% 04/21/20260.6%
Pacific Gas and Electric Co3.150% 01/01/20260.6%
American Tower Corp3.600% 01/15/20280.6%
BankUnited Inc4.875% 11/17/20250.6%
Bank of Ireland Group PLC2.029% 09/30/20270.5%
15-YR UMBS-TBA PROD JAN6.000% 01/01/20390.5%
Goldman Sachs Group Inc/The4.223% 05/01/20290.5%
SCF Equipment Leasing 2022-1 LLC2.920% 07/20/20290.5%
Bayer US Finance II LLC4.250% 12/15/20250.5%
Barclays PLC5.200% 05/12/20260.5%
Triton Container International Ltd2.050% 04/15/20260.5%
Petroleos Mexicanos6.490% 01/23/20270.5%
F&G Global Funding2.300% 04/11/20270.5%
Brooklyn Union Gas Co/The4.632% 08/05/20270.5%
Carvana Auto Receivables Trust 2022-P13.350% 02/10/20270.5%
Capital One Multi-Asset Execution Trust3.490% 05/15/20270.5%
EPR Properties4.750% 12/15/20260.5%
Centene Corp4.250% 12/15/20270.5%
Santander UK Group Holdings PLC4.750% 09/15/20250.5%
Romark CLO Ltd5.918% 10/23/20300.4%
Cedar Funding XI Clo Ltd5.559% 05/29/20320.4%
Occidental Petroleum Corp6.298% 08/03/20260.4%
Avolon Holdings Funding Ltd6.375% 05/04/20280.4%
Continental Resources Inc/OK4.375% 01/15/20280.4%
Targa Resources Partners LP / Targa Resources Partners Finance Corp6.500% 07/15/20270.4%
EQT Corp3.900% 10/01/20270.4%
Suncor Energy Inc7.875% 06/15/20260.4%
BPCE SA5.975% 01/18/20270.4%
Viper Energy Inc5.375% 11/01/20270.4%
GS Mortgage Securities Corp Trust 2021-ROSS6.024% 05/15/20260.4%
CIFC Funding 2013-II Ltd5.894% 10/18/20300.4%
AES Corp/The3.300% 07/15/20250.4%
Cedar Funding VII Clo Ltd5.697% 01/20/20310.4%
RR 8 Ltd6.006% 07/15/20370.4%
Fells Point Funding Trust3.046% 01/31/20270.4%
Dryden 40 Senior Loan Fund5.673% 08/15/20310.4%
CPI Swap1.676% 08/04/20260.4%
Centene Corp2.450% 07/15/20280.4%
Regatta XIV Funding Ltd5.726% 10/25/20310.4%
Venture 33 CLO Ltd5.978% 07/15/20310.4%
Bank of America Corp4.948% 07/22/20280.4%
Puget Energy Inc3.650% 05/15/20250.4%
Celanese US Holdings LLC6.165% 07/15/20270.3%
VICI Properties LP / VICI Note Co Inc3.750% 02/15/20270.3%
Carnival Corp4.000% 08/01/20280.3%
Cedar Funding V CLO Ltd6.009% 07/17/20310.3%
Teva Pharmaceutical Finance Netherlands III BV3.150% 10/01/20260.3%
Chesapeake Funding II LLC5.520% 05/15/20360.3%
BXHPP Trust 2021-FILM5.373% 08/15/20360.3%
BX Commercial Mortgage Trust 2024-XL56.001% 03/15/20410.3%
Aircastle Ltd5.250% 08/11/20250.3%
American Express Credit Account Master Trust5.230% 04/15/20290.3%
Equitable Financial Life Global Funding5.450% 03/03/20280.3%
UniCredit SpA2.569% 09/22/20260.3%
Madison Park Funding LVII Ltd5.897% 07/27/20340.3%
Apache Corp4.375% 10/15/20280.3%
Hyundai Auto Lease Securitization Trust 2024-A5.020% 03/15/20270.3%
Ovintiv Inc5.650% 05/15/20280.3%
KKR CLO 40 Ltd5.917% 10/20/20340.3%
Benchmark 2024-V6 Mortgage Trust5.926% 03/15/20570.3%
Goldman Sachs Group Inc/The2.640% 02/24/20280.3%
CPI Swap2.370% 04/18/20300.3%
Synchrony Card Funding LLC5.540% 07/15/20290.3%
US Bancorp4.548% 07/22/20280.3%
CarMax Auto Owner Trust 2023-14.980% 01/16/20290.3%
Chord Energy Corp6.375% 06/01/20260.3%
BA Credit Card Trust4.930% 05/15/20290.3%
Australia & New Zealand Banking Group Ltd4.400% 05/19/20260.3%
CPI Swap2.207% 01/11/20250.3%
Regal Rexnord Corp6.050% 04/15/20280.3%
Gen Digital Inc6.222% 09/13/20270.3%
MF1 2024-FL14 LLC6.347% 03/19/20390.3%
Affirm Asset Securitization Trust 2023-B6.820% 09/15/20280.3%
Avolon Holdings Funding Ltd4.250% 04/15/20260.3%
Federation des Caisses Desjardins du Quebec5.700% 03/14/20280.3%
Mercedes-Benz Auto Lease Trust 2024-A5.320% 02/15/20300.3%
KKR CLO 15 Ltd5.732% 01/18/20320.3%
OneMain Financial Issuance Trust 2019-23.140% 10/14/20360.3%
CPI Swap2.275% 01/06/20260.3%
Nelnet Student Loan Trust 2021-A1.360% 04/20/20620.3%
Hyundai Capital America6.500% 01/16/20290.3%
CPI Swap2.493% 06/28/20300.3%
Goldman Sachs Group Inc/The1.948% 10/21/20270.3%
Santander Holdings USA Inc2.490% 01/06/20280.3%
BPCE SA4.500% 03/15/20250.3%
Freddie Mac STACR REMIC Trust 2024-DNA25.984% 05/25/20440.3%
BAT International Finance PLC5.931% 02/02/20290.3%
Energy Transfer LP6.000% 02/01/20290.3%
Credit Agricole SA4.375% 03/17/20250.3%
Merchants Fleet Funding LLC5.820% 04/20/20370.3%
HAT Holdings I LLC / HAT Holdings II LLC3.375% 06/15/20260.3%
Everi Holdings Inc5.000% 07/15/20290.3%
Eskom Holdings SOC Ltd7.125% 02/11/20250.3%
RR 12 Ltd5.906% 01/15/20360.3%
WF Card Issuance Trust4.290% 10/15/20290.3%
Catalent Pharma Solutions Inc7.711% 02/22/20280.3%
Illumina Inc5.750% 12/13/20270.3%
AMMC CLO 25 Ltd6.006% 04/15/20350.3%
Societe Generale SA2.226% 01/21/20260.3%
Ford Credit Auto Lease Trust 2024-B4.990% 12/15/20270.3%
Tengizchevroil Finance Co International Ltd2.625% 08/15/20250.3%
Newark BSL CLO 2 Ltd5.857% 07/25/20300.3%
Barclays PLC6.496% 09/13/20270.3%
Crescent Energy Finance LLC9.250% 02/15/20280.3%
Carnival Corp5.750% 03/01/20270.3%
Prosus NV3.257% 01/19/20270.3%
International Flavors & Fragrances Inc1.230% 10/01/20250.3%
Galaxy XXII CLO Ltd5.887% 04/16/20340.3%
Navient Private Education Refi Loan Trust 2021-c1.060% 10/15/20690.3%
Bayer US Finance LLC6.250% 01/21/20290.3%
EnLink Midstream LLC5.625% 01/15/20280.3%
Freddie Mac STACR REMIC Trust 2021-DNA56.384% 01/25/20340.3%
MidOcean Credit CLO VI5.847% 04/20/20330.3%
Uber Technologies Inc4.500% 08/15/20290.3%
Crestline Denali CLO XVII Ltd5.786% 10/15/20310.3%
Citizens Auto Receivables Trust 2023-25.830% 02/15/20280.3%
Citigroup Inc5.174% 02/13/20300.3%
Solventum Corp5.400% 03/01/20290.3%
Bank of Ireland Group PLC6.253% 09/16/20260.2%
Westlake Flooring Master Trust5.430% 02/15/20280.2%
Dryden 104 CLO Ltd5.811% 08/20/20340.2%
OneMain Direct Auto Receivables Trust 2021-10.870% 07/14/20280.2%
Sprint Capital Corp6.875% 11/15/20280.2%
Warnermedia Holdings Inc3.755% 03/15/20270.2%
US Bancorp6.787% 10/26/20270.2%
Elanco Animal Health Inc6.403% 08/02/20270.2%
Kite Realty Group Trust4.000% 03/15/20250.2%
Greystone CRE Notes 2021-FL3 Ltd5.744% 07/15/20390.2%
Aqua Finance Trust 2021-A1.540% 07/17/20460.2%
Ecopetrol SA8.625% 01/19/20290.2%
AEGON Funding Co LLC5.500% 04/16/20270.2%
Orbia Advance Corp SAB de CV1.875% 05/11/20260.2%
CPI Swap2.205% 12/09/20240.2%
Hyundai Capital America5.650% 06/26/20260.2%
Matador Resources Co6.875% 04/15/20280.2%
Freddie Mac STACR REMIC Trust 2024-HQA15.984% 03/25/20440.2%
CPI Swap2.228% 12/05/20240.2%
CPI Swap2.510% 06/30/20300.2%
Petrobras Global Finance BV5.299% 01/27/20250.2%
KKR CLO 15 Ltd6.182% 01/18/20320.2%
KKR CLO 23 Ltd6.167% 10/20/20310.2%
JP Morgan Chase Commercial Mortgage Securities Trust 2014-DSTY3.429% 06/10/20270.2%
PVH Corp4.625% 07/10/20250.2%
CPI Swap1.874% 04/11/20260.2%
Hyundai Capital America6.100% 09/21/20280.2%
LFT CRE 2021-FL1 Ltd6.474% 06/15/20390.2%
Las Vegas Sands Corp3.500% 08/18/20260.2%
Morgan Stanley Capital I Trust 2024-NSTB3.900% 09/24/20570.2%
F&G Annuities & Life Inc7.400% 01/13/20280.2%
Regal Rexnord Corp6.050% 02/15/20260.2%
Triumph Group Inc9.000% 03/15/20280.2%
First National Master Note Trust5.130% 04/15/20290.2%
HF Sinclair Corp5.000% 02/01/20280.2%
Vornado Realty LP3.500% 01/15/20250.2%
Affirm Asset Securitization Trust 2024-A5.610% 02/15/20290.2%
Ford Motor Credit Co LLC5.125% 11/05/20260.2%
Federation des Caisses Desjardins du Quebec5.250% 04/26/20290.2%
Crown Castle Inc5.000% 01/11/20280.2%
NatWest Group PLC5.808% 09/13/20290.2%
CPI Swap3.150% 03/02/20270.2%
Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC4.625% 01/15/20270.2%
BX Commercial Mortgage Trust 2024-XL46.051% 02/15/20390.2%
Ford Motor Credit Co LLC5.800% 03/08/20290.2%
Rakuten Group Inc11.250% 02/15/20270.2%
DTE Energy Co4.875% 06/01/20280.2%
M&T Bank Auto Receivables Trust 2024-15.220% 02/17/20320.2%
BNP Paribas SA5.497% 05/20/20300.2%
Corpay Technologies Operating Co LLC6.339% 04/28/20280.2%
GA Global Funding Trust5.500% 01/08/20290.2%
BX Trust 2024-CNYN6.051% 04/15/20410.2%
CPI Swap1.976% 12/02/20280.2%
AIB Group PLC6.608% 09/13/20290.2%
LPL Holdings Inc4.000% 03/15/20290.2%
Boeing Co/The6.259% 05/01/20270.2%
AG TTMT Escrow Issuer LLC8.625% 09/30/20270.2%
Sitio Royalties Operating Partnership LP / Sitio Finance Corp7.875% 11/01/20280.2%
Boeing Co/The6.298% 05/01/20290.2%
Mariner Finance Issuance Trust 2021-B2.100% 11/20/20360.2%
Range Resources Corp8.250% 01/15/20290.2%
Greenko Dutch BV3.850% 03/29/20260.2%
Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc2.875% 10/15/20260.2%
Southwest Gas Corp5.800% 12/01/20270.2%
Sizzling Platter LLC / Sizzling Platter Finance Corp8.500% 11/28/20250.2%
GLP Capital LP / GLP Financing II Inc5.250% 06/01/20250.2%
World Financial Network Credit Card Master Trust5.470% 02/15/20310.2%
BNP Paribas SA2.591% 01/20/20280.2%
Verizon Master Trust4.350% 08/20/20320.2%
Brighthouse Financial Global Funding5.550% 04/09/20270.2%
Aon Corp8.205% 01/01/20270.2%
CNO Global Funding5.875% 06/04/20270.2%
Entegris Inc4.750% 04/15/20290.2%
Discover Bank4.250% 03/13/20260.2%
Bain Capital Credit CLO 2019-25.777% 10/17/20320.2%
Benchmark 2019-B11 Mortgage Trust3.542% 05/15/20520.2%
Boeing Co/The2.196% 02/04/20260.2%
Societe Generale SA5.250% 02/19/20270.2%
Glencore Funding LLC5.338% 04/04/20270.2%
Glencore Funding LLC5.371% 04/04/20290.2%
Bacardi Ltd / Bacardi-Martini BV5.250% 01/15/20290.2%
CNO Global Funding1.750% 10/07/20260.2%
DLLMT 2024-1 LLC4.980% 04/20/20320.2%
General Motors Financial Co Inc5.400% 04/06/20260.2%
Buckeye Partners LP4.125% 03/01/20250.2%
CPI Swap1.960% 02/05/20250.2%
CPI Swap2.100% 04/26/20250.2%
UBS Group AG1.494% 08/10/20270.2%
Freddie Mac STACR REMIC Trust 2023-HQA16.734% 05/25/20430.2%
Ford Motor Credit Co LLC5.303% 09/06/20290.2%
CPI Swap2.158% 12/02/20240.2%
BBCMS Mortgage Trust 2024-5C294.738% 09/15/20570.2%
TransDigm Inc5.500% 11/15/20270.2%
Romanian Government International Bond5.250% 11/25/20270.2%
ROCK Trust 2024-CNTR5.388% 11/13/20410.2%
HSBC Holdings PLC5.597% 05/17/20280.2%
Helmerich & Payne Inc4.850% 12/01/20290.2%
Gulfport Energy Operating Corp6.750% 09/01/20290.2%
Jackson National Life Global Funding5.550% 07/02/20270.2%
Connecticut Avenue Securities Trust 2024-R035.875% 03/25/20440.2%
XPO Inc6.250% 06/01/20280.2%
GXO Logistics Inc6.250% 05/06/20290.2%
CPI Swap2.128% 06/22/20250.2%
GA Global Funding Trust4.400% 09/23/20270.2%
Barclays PLC4.836% 05/09/20280.2%
Intesa Sanpaolo SpA5.710% 01/15/20260.2%
CPI Swap2.230% 12/14/20240.2%
Wells Fargo Commercial Mortgage Trust 2024-5C15.928% 07/15/20570.2%
Solventum Corp5.450% 02/25/20270.2%
Danske Bank A/S5.427% 03/01/20280.2%
DTE Energy Co5.100% 03/01/20290.2%
Chase Auto Owner Trust 2024-35.220% 07/25/20290.2%
Chase Auto Owner Trust 2024-44.940% 07/25/20290.2%
FirstEnergy Pennsylvania Electric Co5.150% 03/30/20260.1%
Carlyle Global Market Strategies CLO 2015-5 Ltd5.717% 01/20/20320.1%
Glencore Funding LLC4.000% 03/27/20270.1%
Ameren Corp5.000% 01/15/20290.1%
CPI Swap2.269% 10/30/20300.1%
15-YR UMBS-TBA PROD DEC6.000% 01/01/20390.1%
KODIT Global 2024-1 Co Ltd5.357% 05/29/20270.1%
HGI CRE CLO 2021-FL2 Ltd5.725% 09/17/20360.1%
CPI Swap2.285% 05/31/20280.1%
Athene Global Funding5.516% 03/25/20270.1%
Black Hills Corp5.950% 03/15/20280.1%
CPI Swap2.310% 06/01/20280.1%
F&G Global Funding1.750% 06/30/20260.1%
EnLink Midstream Partners LP4.150% 06/01/20250.1%
Glencore Funding LLC6.125% 10/06/20280.1%
GM Financial Consumer Automobile Receivables Trust 2024-14.850% 12/18/20280.1%
Honda Auto Receivables 2023-4 Owner Trust5.670% 06/21/20280.1%
Barclays PLC7.385% 11/02/20280.1%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust6.450% 04/15/20270.1%
Brighthouse Financial Global Funding5.650% 06/10/20290.1%
Volkswagen Group of America Finance LLC5.700% 09/12/20260.1%
Wells Fargo & Co6.303% 10/23/20290.1%
ACREC 2021-FL1 Ltd5.875% 10/16/20360.1%
Directv Financing LLC / Directv Financing Co-Obligor Inc5.875% 08/15/20270.1%
Kraton Corp5.000% 07/15/20270.1%
Broadcom Inc5.845% 11/20/20260.1%
CPI Swap2.353% 06/06/20280.1%
Expand Energy Corp5.875% 02/01/20290.1%
Connecticut Avenue Securities Trust 2024-R055.734% 07/25/20440.1%
Atlassian Corp5.250% 05/15/20290.1%
CITGO Petroleum Corp7.000% 06/15/20250.1%
CPI Swap2.341% 08/27/20280.1%
CPI Swap2.345% 08/14/20280.1%
KREF 2021-FL2 Ltd5.795% 02/15/20390.1%
CPI Swap2.380% 07/06/20280.1%
FactSet Research Systems Inc2.900% 03/01/20270.1%
CPI Swap2.384% 10/01/20280.1%
CPI Swap2.375% 08/09/20280.1%
Towd Point Mortgage Trust 2019-HY16.702% 10/25/20480.1%
CPI Swap2.393% 05/11/20280.1%
CPI Swap2.396% 10/09/20280.1%
Allied Universal Holdco LLC / Allied Universal Finance Corp9.750% 07/15/20270.1%
CPI Swap2.390% 08/03/20280.1%
Civitas Resources Inc8.375% 07/01/20280.1%
South Bow USA Infrastructure Holdings LLC5.026% 10/01/20290.1%
Entegris Inc4.375% 04/15/20280.1%
Marathon Oil Corp5.300% 04/01/20290.1%
CenterPoint Energy Inc5.400% 06/01/20290.1%
Santander Drive Auto Receivables Trust 2023-35.770% 11/15/20300.1%
CPI Swap2.410% 02/01/20320.1%
Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets Ltd6.500% 06/20/20270.1%
Enel Finance International NV5.125% 06/26/20290.1%
F&G Global Funding5.875% 06/10/20270.1%
Danske Bank A/S4.613% 10/02/20300.1%
Crowdstrike Holdings Inc3.000% 02/15/20290.1%
Wells Fargo & Co5.707% 04/22/20280.1%
NatWest Group PLC4.892% 05/18/20290.1%
Westlake Automobile Receivables Trust 2024-25.910% 04/15/20300.1%
BMO 2023-5C2 Mortgage Trust7.296% 11/15/20560.1%
Solvay Finance America LLC5.650% 06/04/20290.1%
Wheels Fleet Lease Funding 1 LLC4.800% 09/19/20390.1%
Jackson National Life Global Funding5.600% 04/10/20260.1%
Radian Group Inc6.200% 05/15/20290.1%
Octane Receivables Trust 2024-25.800% 07/20/20320.1%
Ford Motor Credit Co LLC5.850% 05/17/20270.1%
Hyundai Capital America2.000% 06/15/20280.1%
Broadcom Inc5.050% 07/12/20290.1%
Navient Corp6.750% 06/25/20250.1%
US Bancorp5.100% 07/23/20300.1%
World Financial Network Credit Card Master Note Trust 2024-B4.620% 05/15/20310.1%
LFT CRE 2021-FL1 Ltd5.894% 06/15/20390.1%
TransDigm Inc6.750% 08/15/20280.1%
Octane Receivables Trust 2022-14.180% 03/20/20280.1%
HEICO Corp5.250% 08/01/20280.1%
UBS Group AG5.428% 02/08/20300.1%
Huntington Bancshares Inc/OH4.443% 08/04/20280.1%
Affirm Asset Securitization Trust 2024-B4.620% 09/15/20290.1%
Anglo American Capital PLC4.500% 03/15/20280.1%
Lloyds Banking Group PLC5.462% 01/05/20280.1%
Colombia Government International Bond3.875% 04/25/20270.1%
Octane Receivables Trust 2022-25.110% 02/22/20280.1%
CNO Financial Group Inc5.250% 05/30/20250.1%
Genesis Energy LP / Genesis Energy Finance Corp8.000% 01/15/20270.1%
BSPRT 2021-FL7 Issuer Ltd6.044% 12/15/20380.1%
South Bow USA Infrastructure Holdings LLC4.911% 09/01/20270.1%
Comision Federal de Electricidad4.688% 05/15/20290.1%
Petroleos Mexicanos6.875% 08/04/20260.1%
Connecticut Avenue Securities Trust 2024-R045.734% 05/25/20440.1%
Concentrix Corp6.650% 08/02/20260.1%
General Motors Financial Co Inc4.900% 10/06/20290.1%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust4.625% 09/10/20290.1%
MGIC Investment Corp5.250% 08/15/20280.1%
Santander Drive Auto Receivables Trust 2024-35.550% 09/17/20290.1%
Algonquin Power & Utilities Corp5.365% 06/15/20260.1%
Freddie Mac STACR REMIC Trust 2024-DNA35.784% 10/25/20440.1%
LSTAR Commercial Mortgage Trust 2017-54.500% 03/10/20500.1%
LAD Auto Receivables Trust 2024-34.520% 03/15/20290.1%
BPCE SA5.716% 01/18/20300.1%
Veralto Corp5.350% 09/18/20280.1%
General Motors Financial Co Inc5.550% 07/15/20290.1%
Block Inc0.000% 05/01/20260.1%
Whistler Pipeline LLC5.400% 09/30/20290.1%
Boeing Co/The3.200% 03/01/20290.1%
Venture Global LNG Inc8.125% 06/01/20280.1%
AppLovin Corp5.125% 12/01/20290.1%
CEC Entertainment LLC6.750% 05/01/20260.1%
Liberty Utilities Co5.577% 01/31/20290.1%
Swedbank AB5.626% 11/20/20290.1%
JP Morgan Chase Commercial Mortgage Securities Trust 2018-WPT0.555% 07/05/20330.1%
Altice France SA8.125% 02/01/20270.1%
Huntington Bank Auto Credit-Linked Notes Series 2024-25.442% 10/20/20320.1%
Connecticut Avenue Securities Trust 2024-R065.884% 09/25/20440.1%
Macquarie Airfinance Holdings Ltd8.125% 03/30/20290.1%
Clarios Global LP / Clarios US Finance Co8.500% 05/15/20270.1%
RGA Global Funding5.448% 05/24/20290.1%
Citizens Financial Group Inc5.841% 01/23/20300.1%
KIND Commercial Mortgage Trust 2024-16.499% 08/15/20410.1%
Element Fleet Management Corp5.643% 03/13/20270.1%
Pacific Gas and Electric Co5.550% 05/15/20290.1%
CONE Trust 2024-DFW16.251% 08/15/20410.1%
CPI Swap2.107% 02/21/20310.1%
Osaic Holdings Inc10.750% 08/01/20270.1%
CPI Swap2.113% 12/29/20270.1%
BWAY 2013-1515 Mortgage Trust0.534% 03/10/20330.1%
Huntington Bank Auto Credit-Linked Notes Series 2024-16.153% 05/20/20320.1%
Avolon Holdings Funding Ltd5.750% 11/15/20290.1%
CITGO Petroleum Corp6.375% 06/15/20260.1%
Standard Chartered PLC5.688% 05/14/20280.1%
CPI Swap2.213% 10/25/20320.1%
NatWest Group PLC4.964% 08/15/20300.1%
BlueMountain Fuji US Clo I Ltd5.859% 07/20/20290.1%
Dryden Senior Loan Fund5.898% 04/15/20280.1%
Societe Generale SA1.488% 12/14/20260.1%
Antero Resources Corp7.625% 02/01/20290.1%
Hyundai Capital America5.300% 01/08/20290.1%
Helmerich & Payne Inc4.650% 12/01/20270.1%
Freddie Mac STACR REMIC Trust 2022-DNA46.934% 05/25/20420.1%
General Motors Financial Co Inc5.350% 07/15/20270.1%
Exeter Automobile Receivables Trust 2024-35.980% 09/16/20300.1%
Danske Bank A/S1.621% 09/11/20260.1%
Expand Energy Corp5.375% 02/01/20290.1%
Truist Financial Corp5.435% 01/24/20300.1%
National Bank of Canada4.500% 10/10/20290.1%
Octane Receivables Trust 2024-34.940% 05/20/20300.1%
MF1 2021-FL7 Ltd5.805% 10/16/20360.1%
Nexstar Media Inc5.625% 07/15/20270.1%
Hertz Vehicle Financing LLC1.210% 12/26/20250.1%
CPI Swap2.518% 04/17/20260.1%
CaixaBank SA5.673% 03/15/20300.1%
Quanta Services Inc4.750% 08/09/20270.1%
LBA Trust 2024-7IND6.052% 10/15/20410.1%
Coterra Energy Inc4.375% 03/15/20290.1%
Enbridge Inc5.300% 04/05/20290.1%
Icon Investments Six DAC5.849% 05/08/20290.1%
CPI Swap2.500% 10/04/20250.1%
Qorvo Inc1.750% 12/15/20240.1%
US 5YR NOTE (CBT) Mar250.000% 04/03/20250.1%
Hyatt Hotels Corp5.250% 06/30/20290.1%
CPI Swap2.298% 04/05/20290.1%
CPI Swap2.301% 03/28/20290.1%
Coca-Cola Consolidated Inc5.250% 06/01/20290.1%
Cadence Design Systems Inc4.300% 09/10/20290.1%
Kinder Morgan Inc5.000% 02/01/20290.1%
Carlyle Global Market Strategies CLO 2014-3-R Ltd5.929% 07/27/20310.1%
Icon Investments Six DAC5.809% 05/08/20270.1%
NiSource Inc5.200% 07/01/20290.1%
US 2YR NOTE (CBT) Mar250.000% 04/03/20250.1%
Morgan Stanley5.042% 07/19/20300.1%
CPI Swap2.348% 03/10/20320.1%
Western Midstream Operating LP6.350% 01/15/20290.1%
Danske Bank A/S5.705% 03/01/20300.1%
F&G Annuities & Life Inc6.500% 06/04/20290.1%
Boeing Co/The2.700% 02/01/20270.1%
Imperial Brands Finance PLC5.500% 02/01/20300.1%
Nuveen LLC5.550% 01/15/20300.1%
Engie SA5.250% 04/10/20290.1%
CPI Swap2.408% 05/21/20280.1%
Aviation Capital Group LLC5.375% 07/15/20290.1%
CPI Swap2.398% 02/12/20330.1%
BAE Systems PLC5.125% 03/26/20290.1%
US Bancorp5.384% 01/23/20300.1%
NatWest Markets PLC5.416% 05/17/20270.1%
Jackson National Life Global Funding4.600% 10/01/20290.1%
BNP Paribas SA2.219% 06/09/20260.1%
AEP Texas Inc5.450% 05/15/20290.1%
BNP Paribas SA4.375% 05/12/20260.1%
15-YR UMBS-TBA PROD DEC5.000% 06/01/20390.1%
Health Care Service Corp A Mutual Legal Reserve Co5.200% 06/15/20290.1%
Intel Corp3.750% 08/05/20270.1%
Rolls-Royce PLC5.750% 10/15/20270.1%
Warnermedia Holdings Inc4.054% 03/15/20290.1%
Freddie Mac Pool4.500% 07/01/20290.1%
M&T Equipment 2024-LEAF1 Notes4.760% 08/18/20310.1%
GATX Corp5.400% 03/15/20270.1%
Macquarie Group Ltd1.340% 01/12/20270.1%
Buckeye Partners LP6.361% 11/02/20260.1%
PFS Financing Corp5.340% 04/15/20290.1%
Freddie Mac STACR REMIC Trust 2022-HQA37.034% 08/25/20420.1%
Volkswagen Group of America Finance LLC4.900% 08/14/20260.1%
Bombardier Inc7.875% 04/15/20270.1%
JP Morgan Chase Commercial Mortgage Securities Trust 2018-PTC6.107% 04/15/20310.1%
Universal Health Services Inc4.625% 10/15/20290.1%
Penske Truck Leasing Co Lp / PTL Finance Corp3.400% 11/15/20260.1%
Diamondback Energy Inc5.150% 01/30/20300.0%
NMI Holdings Inc6.000% 08/15/20290.0%
Fortress Transportation and Infrastructure Investors LLC5.500% 05/01/20280.0%
OGE Energy Corp5.450% 05/15/20290.0%
Las Vegas Sands Corp5.900% 06/01/20270.0%
Mauser Packaging Solutions Holding Co7.875% 04/15/20270.0%
Coterra Energy Inc3.900% 05/15/20270.0%
Freddie Mac Pool4.100% 07/01/20290.0%
Bread Financial Holdings Inc7.000% 01/15/20260.0%
Freddie Mac STACR REMIC Trust 2024-HQA25.984% 08/25/20440.0%
LPL Holdings Inc5.700% 05/20/20270.0%
SCF Equipment Leasing 2024-1 LLC5.520% 01/20/20320.0%
Intel Corp2.450% 11/15/20290.0%
Aviation Capital Group LLC1.950% 01/30/20260.0%
Wells Fargo Commercial Mortgage Trust 2015-SG13.789% 09/15/20480.0%
Anglo American Capital PLC2.250% 03/17/20280.0%
Freddie Mac Pool4.150% 07/01/20290.0%
General Motors Financial Co Inc5.400% 05/08/20270.0%
Foundry JV Holdco LLC5.900% 01/25/20300.0%
Castlelake Aviation Finance DAC5.000% 04/15/20270.0%
Morgan Stanley Bank of America Merrill Lynch Trust 2015-C273.753% 12/15/20470.0%
15-YR UMBS-TBA PROD DEC5.500% 02/01/20390.0%
CNO Global Funding4.950% 09/09/20290.0%
Navoi Mining & Metallurgical Combinat6.700% 10/17/20280.0%
Mexico Government International Bond3.750% 01/11/20280.0%
One New York Plaza Trust 2020-1NYP5.674% 01/15/20360.0%
Tyson Foods Inc5.400% 03/15/20290.0%
SCF Equipment Leasing 2021-1 LLC1.370% 08/20/20290.0%
Discovery Communications LLC3.950% 03/20/20280.0%
Jaguar Land Rover Automotive PLC7.750% 10/15/20250.0%
Genpact Luxembourg SARL/Genpact USA Inc6.000% 06/04/20290.0%
TCI-Flatiron Clo 2018-1 Ltd5.926% 01/29/20320.0%
First Citizens BancShares Inc/NC3.375% 03/15/20300.0%
Development Bank of Kazakhstan JSC5.250% 10/23/20290.0%
EQM Midstream Partners LP7.500% 06/01/20270.0%
Rolls-Royce PLC3.625% 10/14/20250.0%
Panama Government International Bond8.875% 09/30/20270.0%
GE HealthCare Technologies Inc4.800% 08/14/20290.0%
IQVIA Inc5.000% 05/15/20270.0%
BlueMountain CLO 2013-2 Ltd6.073% 10/22/20300.0%
FirstEnergy Transmission LLC4.550% 01/15/20300.0%
Freddie Mac STACR REMIC Trust 2024-DNA35.734% 10/25/20440.0%
Huntington Ingalls Industries Inc5.353% 01/15/20300.0%
AGCO Corp5.450% 03/21/20270.0%
Boeing Co/The2.250% 06/15/20260.0%
JP Morgan Chase Commercial Mortgage Securities Trust 2018-PTC6.807% 04/15/20310.0%
IDEX Corp4.950% 09/01/20290.0%
Interest Rate Swap4.718% 09/28/20250.0%
Macquarie Airfinance Holdings Ltd5.150% 03/17/20300.0%
Panama Government International Bond3.750% 03/16/20250.0%
BBVA Bancomer SA/Texas5.250% 09/10/20290.0%
Anglo American Capital PLC3.875% 03/16/20290.0%
Vistra Operations Co LLC5.050% 12/30/20260.0%
Citigroup Commercial Mortgage Trust 2016-GC363.616% 02/10/20490.0%
Sonoco Products Co4.450% 09/01/20260.0%
Take-Two Interactive Software Inc5.400% 06/12/20290.0%
SLM Corp4.200% 10/29/20250.0%
Fannie Mae Pool7.682% 12/01/20450.0%
HAT Holdings I LLC / HAT Holdings II LLC8.000% 06/15/20270.0%
Navient Corp5.000% 03/15/20270.0%
LSTAR Commercial Mortgage Trust 2016-40.807% 03/10/20490.0%
Intel Corp3.150% 05/11/20270.0%
Fannie Mae Pool7.195% 03/01/20420.0%
Benchmark 2018-B2 Mortgage Trust3.882% 02/15/20510.0%
Wells Fargo Commercial Mortgage Trust 2019-C503.729% 05/15/20520.0%
JP Morgan Chase Commercial Mortgage Securities Trust 2018-PTC7.207% 04/15/20310.0%
Calpine Corp5.250% 06/01/20260.0%
American National Group Inc5.750% 10/01/20290.0%
DBJPM 2016-C3 Mortgage Trust1.545% 08/10/20490.0%
Freddie Mac STACR REMIC Trust 2022-HQA16.834% 03/25/20420.0%
Occidental Petroleum Corp6.173% 07/31/20250.0%
JPMCC Commercial Mortgage Securities Trust 2017-JP71.169% 09/15/20500.0%
Hyundai Capital America5.500% 03/30/20260.0%
Wells Fargo Commercial Mortgage Trust 2016-LC241.121% 10/15/20490.0%
GS Mortgage Securities Corp Trust 2021-ROSS10.774% 05/15/20260.0%
Government National Mortgage Association3.000% 01/16/20480.0%
DBWF Mortgage Trust2.998% 06/10/20340.0%
Freddie Mac Non Gold Pool6.640% 11/01/20430.0%
Credit Index Swap1.000% 12/20/20280.0%
CSMC Trust 2016-NXSR0.318% 12/15/20490.0%
Carvana Auto Receivables Trust 2021-N10.700% 01/10/20280.0%
Freddie Mac Non Gold Pool6.101% 02/01/20380.0%
CPI Swap1.990% 07/18/20250.0%
BBCMS Trust 2015-VFM2.466% 03/10/20360.0%
Delta Air Lines Inc / SkyMiles IP Ltd4.750% 10/20/20280.0%
HMH Trust 2017-NSS3.062% 07/05/20310.0%
UBS Commercial Mortgage Trust 2019-C183.035% 12/15/20520.0%
J.P. Morgan Chase Commercial Mortgage Securities Trust 2018-AON0.639% 07/05/20310.0%
CPI Swap2.465% 11/30/20310.0%
Morgan Stanley Bank of America Merrill Lynch Trust 2016-C311.400% 11/15/20490.0%
Morgan Stanley Capital I Trust 2016-UB111.568% 08/15/20490.0%
DBWF 2016-85T Mortgage Trust0.116% 12/10/20360.0%
Fannie Mae Pool7.185% 10/01/20350.0%
CSMC 2014-USA OA LLC0.686% 09/15/20370.0%
Freddie Mac Non Gold Pool6.505% 02/01/20370.0%
Freddie Mac Non Gold Pool7.238% 09/01/20360.0%
MSCG Trust 2015-ALDR2.612% 06/07/20350.0%
CSAIL 2016-C7 Commercial Mortgage Trust1.069% 11/15/20490.0%
Fannie Mae Pool6.525% 06/01/20380.0%
Freddie Mac Multifamily Structured Pass Through Certificates0.275% 11/25/20260.0%
Fannie Mae Pool6.838% 12/01/20400.0%
Fannie Mae Pool7.581% 12/01/20450.0%
CFCRE Commercial Mortgage Trust 2016-C61.208% 11/10/20490.0%
Freddie Mac Non Gold Pool7.274% 12/01/20360.0%
CFCRE Commercial Mortgage Trust 2016-C70.779% 12/10/20540.0%
WFRBS Commercial Mortgage Trust 2014-C210.577% 08/15/20470.0%
Fannie Mae Pool7.039% 09/01/20380.0%
Wells Fargo Commercial Mortgage Trust 2016-BNK11.848% 08/15/20490.0%
Fannie Mae Pool6.648% 01/01/20380.0%
Fannie Mae Pool6.390% 03/01/20390.0%
JP Morgan Chase Commercial Mortgage Securities Trust 2016-JP40.704% 12/15/20490.0%
Csail 2015-C2 Commercial Mortgage Trust0.112% 06/15/20570.0%
Credit Index Swap1.000% 06/20/20290.0%
Octagon Investment Partners XIV Ltd5.868% 07/15/20290.0%
Fannie Mae Pool6.941% 10/01/20450.0%
CPI Swap2.505% 12/07/20310.0%
Fannie Mae Pool6.365% 04/01/20400.0%
Residential Mortgage Loan Trust 2020-12.376% 01/26/20600.0%
Starwood Mortgage Residential Trust 2020-12.275% 02/25/20500.0%
Fannie Mae Pool6.337% 12/01/20400.0%
Fannie Mae Pool6.914% 12/01/20380.0%
Wells Fargo Commercial Mortgage Trust 2015-C290.096% 06/15/20480.0%
Freddie Mac Non Gold Pool6.568% 04/01/20370.0%
Government National Mortgage Association2.900% 10/16/20550.0%
J.P. Morgan Chase Commercial Mortgage Securities Trust 2018-AON0.308% 07/05/20310.0%
Freddie Mac Non Gold Pool6.337% 05/01/20360.0%
Freddie Mac Non Gold Pool6.606% 10/01/20380.0%
CFCRE Commercial Mortgage Trust 2016-C41.726% 05/10/20580.0%
CD 2016-CD1 Mortgage Trust1.477% 08/10/20490.0%
COMM 2012-CCRE4 Mortgage Trust1.288% 10/15/20450.0%
Affirm Asset Securitization Trust 2022-X11.750% 02/15/20270.0%
Fannie Mae Pool7.508% 10/01/20400.0%
LSTAR Commercial Mortgage Trust 2016-41.827% 03/10/20490.0%
Fannie Mae Pool6.570% 08/01/20380.0%
Morgan Stanley Bank of America Merrill Lynch Trust 2015-C230.674% 07/15/20500.0%
Interest Rate Swap0.173% 10/21/20250.0%
GS Mortgage Securities Trust 2015-GS10.899% 11/10/20480.0%
Wells Fargo Commercial Mortgage Trust 2015-C290.720% 06/15/20480.0%
Citigroup Commercial Mortgage Trust 2015-GC310.437% 06/10/20480.0%
Fannie Mae Pool6.609% 08/01/20370.0%
Fannie Mae Pool6.448% 03/01/20380.0%
JP Morgan Chase Commercial Mortgage Securities Trust 2014-DSTY0.503% 06/10/20270.0%
JPMBB Commercial Mortgage Securities Trust 2015-C290.658% 05/15/20480.0%
DBWF Mortgage Trust0.537% 06/10/20340.0%
JP Morgan Chase Commercial Mortgage Securities Trust 2013-LC111.303% 04/15/20460.0%
Citigroup Commercial Mortgage Trust 2014-GC230.054% 07/10/20470.0%
OGX Austria GmbH8.500% 06/01/20180.0%
Government National Mortgage Association0.172% 01/16/20550.0%
JPMBB Commercial Mortgage Securities Trust 2014-C240.879% 11/15/20470.0%
JP Morgan Chase Commercial Mortgage Securities Trust 2014-DSTY0.160% 06/10/20270.0%
Interest Rate Swap0.184% 10/21/20250.0%
CPI Swap2.495% 05/08/20260.0%
US 10yr Ultra Fut Mar250.000% 03/31/20250.0%
CPI Swap2.519% 11/01/20390.0%
CPI Swap2.474% 07/26/20440.0%
CPI Swap2.864% 03/22/20320.0%
CPI Swap2.850% 10/28/20270.0%
CPI Swap2.605% 09/19/20280.0%
CPI Swap2.638% 11/15/20510.0%
CPI Swap2.750% 03/30/20320.0%
CPI Swap1.813% 03/31/2026-0.1%
CPI Swap2.665% 03/09/2052-0.2%
CPI Swap2.063% 12/08/2024-0.2%
CPI Swap3.010% 02/15/2033-0.2%
CPI Swap1.645% 10/01/2025-0.3%

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

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

Dividend Payments

For
YTD Dividends Paidas of 01/14/2025
$0
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 12/31/2024 $0.04284 $11.58
Daily Daily 11/30/2024 $0.04586 $11.63
Daily Daily 10/31/2024 $0.04350 $11.62
Daily Daily 09/30/2024 $0.04479 $11.73
Daily Daily 08/31/2024 $0.04453 $11.65
Daily Daily 07/31/2024 $0.04170 $11.62
Daily Daily 06/30/2024 $0.04341 $11.59
Daily Daily 05/31/2024 $0.04050 $11.58
Daily Daily 04/30/2024 $0.04129 $11.50
Daily Daily 03/31/2024 $0.04006 $11.56
Daily Daily 02/29/2024 $0.03721 $11.51
Daily Daily 01/31/2024 $0.03999 $11.56

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 01/31/2025
Daily Daily 02/28/2025
Daily Daily 03/31/2025
Daily Daily 04/30/2025
Daily Daily 05/31/2025
Daily Daily 06/30/2025
Daily Daily 07/31/2025
Daily Daily 08/31/2025
Daily Daily 09/30/2025
Daily Daily 10/31/2025
Daily Daily 11/30/2025
Daily Daily 12/31/2025

Fees & Expenses

Fees & Expenses

Sales Charge Schedule as of 01/14/2025

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $100,000 2.25% 2.00% $11.88
$100,000 to $249,999 1.75% 1.50% $11.82
$250,000 to $499,999 1.25% 1.00% $11.76
Greater than $500,000 0.00% 1.00% $11.61

Class A shares purchased without a sales charge (commissionable NAV) will be subject to a CDSC of 1% if they are redeemed before the first day of the month in which the one-year anniversary of the purchase falls.

For Sales Charge Reductions and Waivers View Full Disclosure

SALES CHARGE REDUCTIONS AND WAIVERS

Please inform the fund company or your financial intermediary at the time of your purchase of fund shares if you believe you qualify for a reduced front-end sales charge.

Reducing Your Class A Share Front-End Sales Charge
You may purchase Class A shares at a discount if you qualify under the circumstances outlined below. To receive a reduced front-end sales charge, you must let the fund or your financial intermediary know at the time of your purchase of fund shares that you believe you qualify for a discount. If you or a related party have holdings of eligible funds (as defined below) in other accounts with your financial intermediary or with other financial intermediaries that may be combined with your current purchases in determining the sales charge as described below, you must inform a fund or your financial intermediary. You may be asked to provide supporting account statements or other information to allow us or your financial intermediary to verify your eligibility for a discount. If you or your financial intermediary do not notify a fund or provide the requested information, you may not receive the reduced sales charge for which you otherwise qualify. Class A shares may be purchased at a discount if you qualify under either of the following conditions:

  • Rights of Accumulation - A Purchaser (as defined below) may combine thevalue of Class A, A1, C, F, and P shares of any Eligible Fund currentlyowned with a new purchase of Class A shares of any Eligible Fund in orderto reduce the sales charge on the new purchase. Class F3, I, R2, R3, R4, R5,and R6 share holdings may not be combined for these purposes.To the extent that your financial intermediary is able to do so, the value ofClass A, A1, C, F, and P shares of Eligible Funds determined for the purposeof reducing the sales charge of a new purchase under the Rights ofAccumulation will be calculated at the higher of: (1) the aggregate currentmaximum offering price of your existing Class A, A1, C, F, and P shares ofEligible Funds; or (2) the aggregate amount you invested in such shares(including dividend reinvestments but excluding capital appreciation) less anyredemptions. You should retain any information and account recordsnecessary to substantiate the historical amounts you and any relatedPurchasers have invested in Eligible Funds. You must inform the Fund and/or your financial intermediary at the time of purchase if you believe yourpurchase qualifies for a reduced sales charge and you may be requested toprovide documentation of your holdings in order to verify your eligibility. Ifyou do not do so, you may not receive all sales charge reductions for whichyou are eligible.

  • Letter of Intention — In order to reduce your Class A front-end salescharge, a Purchaser may combine purchases of Class A, A1, C, F, and Pshares of any Eligible Fund the Purchaser intends to make over the next13 months in determining the applicable sales charge. The 13-month Letterof Intention period commences on the day that the Letter of Intention isreceived by the Fund, and the Purchaser must tell the Fund that laterpurchases are subject to the Letter of Intention. Purchases submitted prior tothe date the Letter of Intention is received by the Fund are not countedtoward the sales charge reduction. Current holdings under Rights ofAccumulation may be included in a Letter of Intention in order to reduce thesales charge for purchases during the 13-month period covered by the Letterof Intention. Shares purchased through reinvestment of dividends ordistributions are not included. Class F3, I, R2, R3, R4, R5, and R6 shareholdings may not be combined for these purposes. Class A and A1 shares valued at up to 5% of the amount of intended purchases are escrowed andmay be redeemed to cover the additional sales charges payable if the intendedpurchases under the Letter of Intention are not completed. The Letter ofIntention is neither a binding obligation on you to buy, nor on the Fund tosell, any or all of the intended purchase amount.

Purchaser — A Purchaser includes: (1) an individual; (2) an individual, his or her spouse, domestic partner, and childrenunder the age of 21; (3) retirement and benefit plansincluding a 401(k) plan, profit-sharing plan, moneypurchase plan, defined benefit plan, and 457(b) plan sponsored by a governmental entity, non-profitorganization, school district or church to which employer contributions are made, as well as SIMPLE IRAplans and SEP-IRA plans; or (4) a trustee or other fiduciary purchasing shares for a single trust, estate orsingle fiduciary account or a trust established by the individual as grantor. An individual may include underitem (1) his or her holdings in Eligible Funds as described below in IRAs, as a sole participant of aretirement and benefit plan sponsored by the individual’s business, and as a participant in a 403(b) plan towhich only pre-tax salary deferrals are made. An individual, his or her spouse, and domestic partner mayinclude under item (2) their holdings in IRAs, and as the sole participants in retirement and benefit planssponsored by a business owned by either or both of them. A retirement and benefit plan under item (3)includes all qualified retirement and benefit plans of a single employer and its consolidated subsidiaries,and all qualified retirement and benefit plans of multiple employers registered in the name of a singlebank trustee.

Eligible fund — An eligible fund is any Lord Abbett-sponsored fund except for (1) each portfolio of Lord Abbett Series Fund, Inc., (2) Lord Abbett U.S. Government & Government Sponsored Enterprises Money Market Fund, Inc. ("Money Market Fund") (except for holdings in Money Market Fund, which are attributable to any shares exchanged from the Lord Abbett-sponsored funds), and (3) any other fund the shares of which are not available to the investor at the time of the transaction due to a limitation on the offering of a fund's shares.

Front-end Sales Charge Waivers
Class A shares may be purchased without a front-end sales charge under any of the following conditions:

  • purchases of $1 million or more (may be subject to a CDSC);
  • purchases by retirement and benefit plans with at least 100 eligible employees (may be subject to a CDSC);
  • purchases for retirement and benefit plans made through financial intermediaries that perform participant recordkeeping or other administrative services for the plans and that have entered into special arrangements with a fund and/or Lord Abbett Distributor specifically for such purchases (may be subject to a CDSC);
  • purchases made by or on behalf of financial intermediaries for clients that pay the financial intermediaries fees in connection with fee-based advisory program, provided that the financial intermediaries or their trading agents have entered into special arrangements with a fund and/or Lord Abbett Distributor specifically for such purchases; and
  • certain other types of investors may qualify to purchase Class A share without a front-end sales charge as described in the Statement of Additional Information (SAI).

 

Expense Ratioas of 12/31/2024

Fund Gross Expense Ratio 0.73%
Fund Net Expense Ratio 0.73%

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 Financial Statements and Other Information *
Publish Date:11/03/2015
Semi-Annual Financial Statements and Other Information *
Publish Date:11/03/2015
Semi-Annual Tailored Shareholder Report
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015
Commentary
Publish Date:11/03/2015
* includes items 7-11 of form N-CSR as required, if any.

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

                    

1

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.

 

 

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

 

Class A  Except as noted below, returns with sales charges reflect a maximum sales charge of 5.75% for equity funds, 2.25% for all tax-free income funds, fixed income funds and multi-asset class funds. There are also ongoing 12b-1 service fees (and, in certain cases, distribution fees).

Class A Shares purchased subject to a front-end sales charge have no contingent deferred sales charge (CDSC). However, certain purchases of Class A shares made without a front-end sales charge may be subject to a CDSC of 1% if the shares are redeemed before the first day of the month in which the one year anniversary of the purchase falls. The CDSC is not reflected in the performance with maximum sales charge.

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.

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