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 06/18/2025

$11.76

$0.00

YTD Returns w/o sales charge as of 06/18/2025

3.82%

Overall Morningstar Ratings

Short-Term Inflation-Protected Bond
as of 05/31/2025

Morningstar rated the Lord Abbett Inflation Focused Fund class A share 3, 5 and 3 stars among 62, 58 and 42 Short-Term Inflation-Protected Bond Funds for the overall rating and the 3, 5 and 10 year periods ended 5/31/2025, 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 05/30/2025

5.26%

Distribution Yield as of 06/18/2025  

4.73%

30-Day Standardized Yield 1 as of 05/31/2025  

4.52%

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.

Distribution Yield is the calculation of cash flow for an investment vehicle, to calculate the distribution yield, the most recent distribution is multiplied by 12 to get an annualized total, which is then divided by the NAV.

Fund Basicsas of 05/30/2025

Total Net Assets
$758.13 M
Inception Date
04/29/2011
Dividend Frequency
Monthly
Fund Gross Expense Ratio
0.79%
Fund Net Expense Ratio
0.79%
Number of Holdings
753
Minimum Initial Investment
$1,500+

Fund Expense Ratio :

Gross 0.79%

Net 0.79%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/29/2011
w/o sales charge 3.65% 6.41% 2.83% 6.59% 2.99% 2.09%
Lipper Category Avg. Inflation Protected Bond Funds 3.38% 5.14% 1.26% 2.13% 2.18% -
Bloomberg U.S. TIPS 1-5 Year Index 3.87% 6.97% 2.97% 3.66% 2.77% 2.06%
w/ sales charge 1.29% 3.99% 2.05% 6.09% 2.75% 1.92%

Fund Expense Ratio :

Gross 0.79%

Net 0.79%

Fund Expense Ratio :

Gross 0.79%

Net 0.79%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/29/2011
w/o sales charge 3.24% 6.93% 2.54% 8.02% 3.06% 2.08%
Lipper Category Avg. Inflation Protected Bond Funds 3.76% 5.62% 0.51% 2.94% 2.20% -
Bloomberg U.S. TIPS 1-5 Year Index 3.40% 7.27% 2.91% 4.00% 2.79% 2.05%
w/ sales charge 0.89% 4.49% 1.77% 7.54% 2.83% 1.91%

Fund Expense Ratio :

Gross 0.79%

Net 0.79%

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

Past performance is not a reliable indicator or guarantee 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. 

Type Assets
Investment Grade Corporate
High Yield Corporate
ABS
CLO
MBS
CMBS
U.S. Government Related
Bank Loans
Sovereign
Convertible Bonds
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 05/30/2025 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

31 Years of Industry Experience

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

Partner, Portfolio Manager

27 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Co-Head of Taxable Fixed Income

24 Years of Industry Experience

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

Partner & Portfolio Manager

24 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Co-Head of Taxable Fixed Income

34 Years of Industry Experience

Supported By 86 Investment Professionals with 17 Years Avg. Industry Experience

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Performance

Performance

Average Yield to Maturity as of 05/30/2025

5.26%

Distribution Yield as of 06/18/2025  

4.73%

30-Day Standardized Yield 1 as of 05/31/2025  

  Subsidized2 Un-Subsidized3
w/o sales charge 4.52% 4.52%

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

Fund Expense Ratio :

Gross 0.79%

Net 0.79%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/29/2011
w/o sales charge 3.65% 6.41% 2.83% 6.59% 2.99% 2.09%
Lipper Category Avg. Inflation Protected Bond Funds 3.38% 5.14% 1.26% 2.13% 2.18% -
Bloomberg U.S. TIPS 1-5 Year Index 3.87% 6.97% 2.97% 3.66% 2.77% 2.06%
w/ sales charge 1.29% 3.99% 2.05% 6.09% 2.75% 1.92%

Fund Expense Ratio :

Gross 0.79%

Net 0.79%

Fund Expense Ratio :

Gross 0.79%

Net 0.79%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/29/2011
w/o sales charge 3.24% 6.93% 2.54% 8.02% 3.06% 2.08%
Lipper Category Avg. Inflation Protected Bond Funds 3.76% 5.62% 0.51% 2.94% 2.20% -
Bloomberg U.S. TIPS 1-5 Year Index 3.40% 7.27% 2.91% 4.00% 2.79% 2.05%
w/ sales charge 0.89% 4.49% 1.77% 7.54% 2.83% 1.91%

Fund Expense Ratio :

Gross 0.79%

Net 0.79%

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

Past performance is not a reliable indicator or guarantee 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. 

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 3.24% - - -
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 05/31/2025

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
High Yield Corporate
ABS
CLO
MBS
CMBS
U.S. Government Related
Bank Loans
Sovereign
Convertible Bonds
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 05/30/2025

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 12/31/2024

  • The Fund maintains an allocation to CPI Swaps designed to protect investors’ purchasing power during periods of rising inflation. As inflation expectations increased for most of the period, the Fund’s inflation protection led to a positive impact on performance.
  • The portfolio’s allocation to investment grade corporate bonds was one of the primary contributors to relative returns, particularly within the Financial, Energy and Consumer sectors.  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 allocation to investment grade corporates, monetizing positions mainly within the Financial and Utility sectors that have performed well.
  • The portfolio’s allocation to short-term high yield corporate bonds also contributed to relative performance given the sector’s greater carry over the benchmark. Over the quarter, we increased the portfolio’s exposure to the sector, focusing on higher-rated securities with short average lives as well as positions we believe have the potential to be upgraded to investment grade.  
  • An allocation to asset backed securities led to a positive impact on relative performance given a compression of ABS credit spreads and the sector’s outperformance.
  • The portfolio’s modest allocation to emerging market (EM) sovereign bonds slightly detracted from relative performance. Although these holdings represent a small portion of the portfolio, we view EM sovereigns as a high-quality, liquid means to enhance carry. We are focused on individual opportunities in the sector that are attractive from a bottom-up perspective.
  • The portfolio’s longer duration positioning relative to the index detracted from relative performance as yields moved higher over the period.
  • There were no other significant detractors over the period.

Portfolio Details as of 05/30/2025

Total Net Assets
$758.13 M
Average Effective Duration
2.95 Years
Average Life
2.37 Years
Average Maturity
2.37 Years
Number of Issues
753
Average Yield to Maturity
5.26%
Distribution Yield (as of 06/18/2025)
4.73%

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 JUL 5.500% 11/01/2039 2.5%
United States Treasury Inflation Indexed Bonds 1.625% 04/15/2030 2.1%
United States Treasury Inflation Indexed Bonds 0.125% 04/15/2027 1.5%
15-YR UMBS-TBA PROD JUL 5.000% 02/01/2040 1.2%
Lendmark Funding Trust 2022-1 5.120% 07/20/2032 0.8%
ABN AMRO Bank NV 4.750% 07/28/2025 0.8%
15-YR UMBS-TBA PROD JUL 6.000% 01/01/2040 0.7%
Lloyds Banking Group PLC 4.582% 12/10/2025 0.7%
Ally Financial Inc 5.750% 11/20/2025 0.7%
Viterra Finance BV 4.900% 04/21/2027 0.6%
% of Total Assets 11.6%
Holding Coupon Maturity Assets
15-YR UMBS-TBA PROD JUN5.500% 08/01/20391.8%
J P MORGAN SECURITIES INC4.380% 05/01/20251.4%
United States Treasury Note/Bond4.125% 02/28/20271.4%
United States Treasury Note/Bond4.000% 03/31/20301.1%
United States Treasury Inflation Indexed Bonds0.125% 01/15/20301.0%
15-YR UMBS-TBA PROD JUN5.000% 12/01/20391.0%
Lendmark Funding Trust 2022-15.120% 07/20/20320.8%
ABN AMRO Bank NV4.750% 07/28/20250.8%
Lloyds Banking Group PLC4.582% 12/10/20250.7%
Ally Financial Inc5.750% 11/20/20250.7%
15-YR UMBS-TBA PROD JUN6.000% 11/01/20380.6%
Viterra Finance BV4.900% 04/21/20270.6%
Lendmark Funding Trust 2021-12.470% 11/20/20310.6%
Continental Resources Inc/OK2.268% 11/15/20260.6%
Devon Energy Corp5.875% 06/15/20280.6%
Viterra Finance BV2.000% 04/21/20260.6%
Global Payments Inc0.000% 05/01/20250.6%
BankUnited Inc4.875% 11/17/20250.6%
OneMain Financial Issuance Trust 2022-35.940% 05/15/20340.5%
BANK5 2025-5YR145.646% 04/15/20580.5%
15-YR UMBS-TBA PROD MAY5.500% 08/01/20390.5%
Barclays PLC5.200% 05/12/20260.5%
Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC4.625% 01/15/20270.5%
Triton Container International Ltd2.050% 04/15/20260.5%
Santander Drive Auto Receivables Trust 2024-35.630% 01/16/20290.5%
F&G Global Funding2.300% 04/11/20270.5%
Brooklyn Union Gas Co/The4.632% 08/05/20270.5%
Apidos CLO XXXI5.618% 04/15/20310.5%
EPR Properties4.750% 12/15/20260.4%
Centene Corp4.250% 12/15/20270.4%
Santander UK Group Holdings PLC4.750% 09/15/20250.4%
Uber Technologies Inc4.500% 08/15/20290.4%
AppLovin Corp5.125% 12/01/20290.4%
Avolon Holdings Funding Ltd6.375% 05/04/20280.4%
Imperial Brands Finance PLC6.125% 07/27/20270.4%
Continental Resources Inc/OK4.375% 01/15/20280.4%
KKR CLO 43 Ltd6.006% 01/15/20360.4%
Teva Pharmaceutical Finance Netherlands III BV3.150% 10/01/20260.4%
CPI Swap1.676% 08/04/20260.4%
Targa Resources Partners LP / Targa Resources Partners Finance Corp6.500% 07/15/20270.4%
Viper Energy Inc5.375% 11/01/20270.4%
BPCE SA5.975% 01/18/20270.4%
Wells Fargo & Co4.808% 07/25/20280.4%
RR 8 Ltd5.606% 07/15/20370.4%
System Energy Resources Inc6.000% 04/15/20280.4%
US 5YR NOTE (CBT) Jun250.000% 06/30/20250.4%
Fells Point Funding Trust3.046% 01/31/20270.4%
Occidental Petroleum Corp6.049% 08/03/20260.4%
Petroleos Mexicanos6.490% 01/23/20270.4%
Centene Corp2.450% 07/15/20280.4%
Directv Financing LLC / Directv Financing Co-Obligor Inc5.875% 08/15/20270.4%
Puget Energy Inc3.650% 05/15/20250.3%
CPI Swap2.370% 04/18/20300.3%
OneMain Direct Auto Receivables Trust 2019-13.630% 09/14/20270.3%
VICI Properties LP / VICI Note Co Inc3.750% 02/15/20270.3%
APA Corp0.000% 05/01/20250.3%
CPI Swap3.150% 03/02/20270.3%
Carnival Corp4.000% 08/01/20280.3%
Equitable Financial Life Global Funding5.450% 03/03/20280.3%
Ford Motor Credit Co LLC5.125% 11/05/20260.3%
UniCredit SpA2.569% 09/22/20260.3%
Ovintiv Inc5.650% 05/15/20280.3%
Aircastle Ltd5.250% 08/11/20250.3%
APA Corp4.375% 10/15/20280.3%
World Omni Auto Receivables Trust 2023-D5.790% 02/15/20290.3%
Madison Park Funding LVII Ltd5.563% 07/27/20340.3%
Santander Drive Auto Receivables Trust 2023-56.160% 12/17/20290.3%
KKR CLO 40 Ltd5.569% 10/20/20340.3%
CPI Swap2.493% 06/28/20300.3%
CarMax Auto Owner Trust 2023-14.980% 01/16/20290.3%
Regal Rexnord Corp6.050% 04/15/20280.3%
HCA Inc5.250% 03/01/20300.3%
Affirm Asset Securitization Trust 2023-B6.820% 09/15/20280.3%
Asurion LLC7.689% 07/30/20270.3%
Warnermedia Holdings Inc3.755% 03/15/20270.3%
Clarios Global LP / Clarios US Finance Co8.500% 05/15/20270.3%
Canyon CLO 2020-2 Ltd5.286% 10/15/20340.3%
Indonesia Asahan Aluminium PT / Mineral Industri Indonesia Persero PT4.750% 05/15/20250.3%
TRESTLES CLO V LTD5.522% 10/20/20340.3%
Avolon Holdings Funding Ltd4.250% 04/15/20260.3%
Mercedes-Benz Auto Lease Trust 2024-A5.320% 02/15/20300.3%
OneMain Financial Issuance Trust 2019-23.140% 10/14/20360.3%
Gen Digital Inc5.929% 09/13/20270.3%
EQT Corp3.900% 10/01/20270.3%
DBGS 2018-C1 Mortgage Trust4.466% 10/15/20510.3%
Santander Holdings USA Inc2.490% 01/06/20280.3%
Hyundai Capital America6.500% 01/16/20290.3%
Goldman Sachs Group Inc/The4.223% 05/01/20290.3%
BAT International Finance PLC5.931% 02/02/20290.3%
LAD Auto Receivables Trust 2023-46.240% 06/15/20280.3%
Targa Resources Partners LP / Targa Resources Partners Finance Corp5.500% 03/01/20300.3%
Chesapeake Funding II LLC5.520% 05/15/20360.3%
Energy Transfer LP6.000% 02/01/20290.3%
Freddie Mac STACR REMIC Trust 2024-DNA25.604% 05/25/20440.3%
Everi Holdings Inc5.000% 07/15/20290.3%
HAT Holdings I LLC / HAT Holdings II LLC3.375% 06/15/20260.3%
15-YR UMBS-TBA PROD MAY5.000% 12/01/20390.3%
Crescent Energy Finance LLC9.250% 02/15/20280.3%
Macquarie Airfinance Holdings Ltd8.125% 03/30/20290.3%
Rakuten Group Inc11.250% 02/15/20270.3%
AGL CLO 14 Ltd5.399% 12/02/20340.3%
Carnival Corp5.750% 03/01/20270.3%
NextGear Floorplan Master Owner Trust4.550% 02/15/20300.3%
MF1 2024-FL14 LLC6.057% 03/19/20390.3%
Tengizchevroil Finance Co International Ltd2.625% 08/15/20250.3%
Trinitas Clo XX Ltd5.309% 07/20/20350.3%
Venture 28A Clo Ltd5.379% 10/20/20340.3%
Bain Capital Credit Clo 2019-3 Ltd5.299% 10/21/20340.3%
Elanco Animal Health Inc6.174% 08/02/20270.3%
AMMC CLO 25 Ltd5.606% 04/15/20350.3%
Merchants Fleet Funding LLC5.820% 04/20/20370.3%
Prosus NV3.257% 01/19/20270.3%
US 2YR NOTE (CBT) Jun250.000% 06/30/20250.3%
International Flavors & Fragrances Inc1.230% 10/01/20250.3%
Nelnet Student Loan Trust 2021-A1.360% 04/20/20620.3%
Cedar Funding V CLO Ltd5.641% 07/17/20310.3%
Barclays PLC6.496% 09/13/20270.3%
Foundry JV Holdco LLC5.900% 01/25/20300.3%
Bayer US Finance LLC6.250% 01/21/20290.3%
Ecopetrol SA8.625% 01/19/20290.2%
ONEOK Inc5.625% 01/15/20280.2%
Leviathan Bond Ltd6.125% 06/30/20250.2%
Citigroup Inc5.174% 02/13/20300.2%
Citizens Auto Receivables Trust 2023-25.830% 02/15/20280.2%
Solventum Corp5.400% 03/01/20290.2%
CPI Swap2.510% 06/30/20300.2%
SCF Equipment Leasing 2022-1 LLC2.920% 07/20/20290.2%
Orbia Advance Corp SAB de CV1.875% 05/11/20260.2%
Sprint Capital Corp6.875% 11/15/20280.2%
Dryden 104 CLO Ltd5.612% 08/20/20340.2%
US Bancorp5.046% 02/12/20310.2%
JPMorgan Chase & Co5.140% 01/24/20310.2%
Westlake Flooring Master Trust5.430% 02/15/20280.2%
Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc2.875% 10/15/20260.2%
Hudson Yards 2025-SPRL Mortgage Trust5.649% 01/13/20400.2%
Bayer US Finance II LLC4.250% 12/15/20250.2%
Navient Private Education Refi Loan Trust 2021-C1.060% 10/15/20690.2%
Warnermedia Holdings Inc4.054% 03/15/20290.2%
Boost Newco Borrower LLC6.276% 01/31/20310.2%
Calpine Corp6.070% 02/27/20320.2%
Romark CLO Ltd5.571% 10/23/20300.2%
AEGON Funding Co LLC5.500% 04/16/20270.2%
Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp5.250% 10/01/20250.2%
Hyundai Capital America5.650% 06/26/20260.2%
CITGO Petroleum Corp6.375% 06/15/20260.2%
Citigroup Inc4.786% 03/04/20290.2%
Wells Fargo Commercial Mortgage Trust 2025-5C36.096% 01/15/20580.2%
Herbalife Nutrition Ltd / HLF Financing Inc7.875% 09/01/20250.2%
Columbia Cent CLO 31 Ltd5.369% 04/20/20340.2%
Matador Resources Co6.875% 04/15/20280.2%
Pacific Gas and Electric Co3.150% 01/01/20260.2%
KKR CLO 15 Ltd5.819% 01/18/20320.2%
Fortiva Retail Prime Master Note Business Trust6.600% 09/17/20290.2%
Celanese US Holdings LLC6.415% 07/15/20270.2%
Corpay Technologies Operating Co LLC6.070% 04/28/20280.2%
KKR CLO 23 Ltd5.819% 10/20/20310.2%
PVH Corp4.625% 07/10/20250.2%
Boeing Co/The6.259% 05/01/20270.2%
Regatta XIV Funding Ltd5.382% 10/25/20310.2%
CPI Swap1.976% 12/02/20280.2%
Bardot CLO Ltd5.252% 10/22/20320.2%
Las Vegas Sands Corp3.500% 08/18/20260.2%
Hyundai Capital America6.100% 09/21/20280.2%
Morgan Stanley Capital I Trust 2024-NSTB3.900% 09/24/20570.2%
Triumph Group Inc9.000% 03/15/20280.2%
First National Master Note Trust5.130% 04/15/20290.2%
Regal Rexnord Corp6.050% 02/15/20260.2%
ROCK Trust 2024-CNTR5.388% 11/13/20410.2%
Federation des Caisses Desjardins du Quebec5.250% 04/26/20290.2%
Affirm Asset Securitization Trust 2024-A5.610% 02/15/20290.2%
HF Sinclair Corp5.000% 02/01/20280.2%
Tengizchevroil Finance Co International Ltd4.000% 08/15/20260.2%
NatWest Group PLC5.808% 09/13/20290.2%
Mexico Government International Bond6.000% 05/13/20300.2%
Crown Castle Inc5.000% 01/11/20280.2%
Post CLO 2021-1 LTD5.856% 10/15/20340.2%
Parallel 2021-1 Ltd5.906% 07/15/20340.2%
Athene Global Funding1.985% 08/19/20280.2%
Bank of Ireland Group PLC2.029% 09/30/20270.2%
Cedar Funding XI Clo Ltd5.373% 05/29/20320.2%
Venture 33 CLO Ltd5.578% 07/15/20310.2%
Viking Cruises Ltd6.250% 05/15/20250.2%
Republic of South Africa Government International Bond5.875% 09/16/20250.2%
Hilcorp Energy I LP6.321% 02/11/20300.2%
GA Global Funding Trust5.500% 01/08/20290.2%
Boeing Co/The6.298% 05/01/20290.2%
Affirm Master Trust4.990% 02/15/20330.2%
Bread Financial Holdings Inc9.750% 03/15/20290.2%
United Airlines Inc4.375% 04/15/20260.2%
LPL Holdings Inc4.000% 03/15/20290.2%
Jaguar Land Rover Automotive PLC7.750% 10/15/20250.2%
Freddie Mac STACR REMIC Trust 2024-HQA15.604% 03/25/20440.2%
Sitio Royalties Operating Partnership LP / Sitio Finance Corp7.875% 11/01/20280.2%
Ford Motor Credit Co LLC5.800% 03/08/20290.2%
AIB Group PLC6.608% 09/13/20290.2%
WASH Multifamily Acquisition Inc5.750% 04/15/20260.2%
Mariner Finance Issuance Trust 2021-B2.100% 11/20/20360.2%
Imperial Brands Finance PLC5.500% 02/01/20300.2%
Broadcom Inc5.694% 11/22/20280.2%
Albion Financing 1 SARL / Aggreko Holdings Inc6.125% 10/15/20260.2%
AG TTMT Escrow Issuer LLC8.625% 09/30/20270.2%
DLLMT 2024-1 LLC4.980% 04/20/20320.2%
Sizzling Platter LLC / Sizzling Platter Finance Corp8.500% 11/28/20250.2%
Citizens Auto Receivables Trust 2023-25.740% 10/15/20300.2%
JP Morgan Chase Commercial Mortgage Securities Trust 2014-DSTY3.429% 06/10/20270.2%
Rio Tinto Finance USA PLC4.875% 03/14/20300.2%
Range Resources Corp8.250% 01/15/20290.2%
Greenko Dutch BV3.850% 03/29/20260.2%
Suncor Energy Inc7.875% 06/15/20260.2%
BNP Paribas SA2.591% 01/20/20280.2%
Greystone CRE Notes 2021-FL3 Ltd5.456% 07/15/20390.2%
Southwest Gas Corp5.800% 12/01/20270.2%
Ford Motor Credit Co LLC2.700% 08/10/20260.2%
CEC Entertainment LLC6.750% 05/01/20260.2%
Brighthouse Financial Global Funding5.550% 04/09/20270.2%
Bank of America Corp4.948% 07/22/20280.2%
RR 12 Ltd5.506% 01/15/20360.2%
Exeter Automobile Receivables Trust 2024-35.570% 09/15/20280.2%
Entegris Inc4.750% 04/15/20290.2%
Exeter Automobile Receivables Trust 2023-16.690% 06/15/20290.2%
Boeing Co/The2.196% 02/04/20260.2%
Discover Bank4.250% 03/13/20260.2%
Societe Generale SA5.250% 02/19/20270.2%
Aon Corp8.205% 01/01/20270.2%
Santander Drive Auto Receivables Trust 2024-25.840% 06/17/20300.2%
CNO Global Funding1.750% 10/07/20260.2%
MasTec Inc4.500% 08/15/20280.2%
First National Master Note Trust4.850% 02/15/20300.2%
Crestline Denali CLO XVII Ltd5.386% 10/15/20310.2%
Glencore Funding LLC5.371% 04/04/20290.2%
Bacardi Ltd / Bacardi-Martini BV5.250% 01/15/20290.2%
UBS Group AG1.494% 08/10/20270.2%
Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer6.750% 10/15/20270.2%
Romanian Government International Bond5.250% 11/25/20270.2%
Trinity Industries Inc7.750% 07/15/20280.2%
CPI Swap2.285% 05/31/20280.2%
HSBC Holdings PLC5.597% 05/17/20280.2%
BBCMS Mortgage Trust 2024-5C294.738% 09/15/20570.2%
Expand Energy Corp6.750% 04/15/20290.2%
CPI Swap2.128% 06/22/20250.2%
Connecticut Avenue Securities Series 2025-R015.453% 01/25/20450.2%
F&G Annuities & Life Inc7.400% 01/13/20280.2%
Japan Tobacco Inc4.850% 05/15/20280.2%
CPI Swap2.310% 06/01/20280.2%
Morgan Stanley Bank of America Merrill Lynch Trust 2025-5C15.635% 03/15/20580.2%
Santander Drive Auto Receivables Trust 2023-15.090% 05/15/20300.2%
CPI Swap2.269% 10/30/20300.2%
GXO Logistics Inc6.250% 05/06/20290.2%
Ford Motor Credit Co LLC5.303% 09/06/20290.2%
PennyMac Financial Services Inc5.375% 10/15/20250.2%
Barclays PLC4.836% 05/09/20280.2%
BMO 2024-5C5 Mortgage Trust5.857% 02/15/20570.2%
Jackson National Life Global Funding5.550% 07/02/20270.2%
Allied Universal Holdco LLC / Allied Universal Finance Corp9.750% 07/15/20270.2%
XPO Inc6.250% 06/01/20280.2%
Hyundai Auto Lease Securitization Trust 2025-A4.830% 01/18/20280.2%
US Bancorp4.548% 07/22/20280.2%
BX Trust 2024-CNYN5.764% 04/15/20410.2%
Japan Tobacco Inc5.250% 06/15/20300.2%
CPI Swap2.353% 06/06/20280.2%
GA Global Funding Trust4.400% 09/23/20270.2%
Illumina Inc5.750% 12/13/20270.2%
Wells Fargo Commercial Mortgage Trust 2024-5C15.928% 07/15/20570.2%
Gulfport Energy Operating Corp6.750% 09/01/20290.1%
BX Commercial Mortgage Trust 2024-XL45.764% 02/15/20390.1%
Melco Resorts Finance Ltd4.875% 06/06/20250.1%
CPI Swap2.341% 08/27/20280.1%
Intesa Sanpaolo SpA5.710% 01/15/20260.1%
Becle SAB de CV3.750% 05/13/20250.1%
CPI Swap2.345% 08/14/20280.1%
Solventum Corp5.450% 02/25/20270.1%
Danske Bank A/S5.427% 03/01/20280.1%
Brighthouse Financial Global Funding5.650% 06/10/20290.1%
Bacardi Ltd4.700% 05/15/20280.1%
Chase Auto Owner Trust 2024-35.220% 07/25/20290.1%
KODIT Global 2024-1 Co Ltd5.357% 05/29/20270.1%
CPI Swap2.380% 07/06/20280.1%
Iron Mountain Inc4.875% 09/15/20270.1%
Glencore Funding LLC4.000% 03/27/20270.1%
FirstEnergy Pennsylvania Electric Co5.150% 03/30/20260.1%
LBM Acquisition LLC8.172% 12/20/20270.1%
CPI Swap2.375% 08/09/20280.1%
CPI Swap2.393% 05/11/20280.1%
CPI Swap2.384% 10/01/20280.1%
TK Elevator Holdco GmbH7.625% 07/15/20280.1%
Blackstone Secured Lending Fund3.625% 01/15/20260.1%
Airport Authority4.750% 07/15/20280.1%
CPI Swap2.396% 10/09/20280.1%
Goldman Sachs Group Inc/The4.937% 04/23/20280.1%
CPI Swap2.390% 08/03/20280.1%
Athene Global Funding5.516% 03/25/20270.1%
Black Hills Corp5.950% 03/15/20280.1%
F&G Global Funding1.750% 06/30/20260.1%
Benchmark 2024-V7 Mortgage Trust6.228% 05/15/20560.1%
Barclays PLC7.385% 11/02/20280.1%
Westlake Automobile Receivables Trust 2024-34.920% 11/15/20290.1%
Mars Inc4.800% 03/01/20300.1%
Panama Government International Bond7.125% 01/29/20260.1%
Freddie Mac STACR REMIC Trust 2023-HQA16.354% 05/25/20430.1%
ONEOK Inc4.150% 06/01/20250.1%
HGI CRE CLO 2021-FL2 Ltd5.435% 09/17/20360.1%
Macquarie Airfinance Holdings Ltd5.150% 03/17/20300.1%
First Citizens BancShares Inc/NC5.231% 03/12/20310.1%
F-Brasile SpA / F-Brasile US LLC7.375% 08/15/20260.1%
Glencore Funding LLC6.125% 10/06/20280.1%
Honda Auto Receivables 2023-4 Owner Trust5.670% 06/21/20280.1%
Permian Resources Operating LLC5.375% 01/15/20260.1%
Volkswagen Group of America Finance LLC5.700% 09/12/20260.1%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust6.450% 04/15/20270.1%
Permian Resources Operating LLC8.000% 04/15/20270.1%
Wheels Fleet Lease Funding 1 LLC4.800% 09/19/20390.1%
Wells Fargo & Co6.303% 10/23/20290.1%
Trivium Packaging Finance BV5.500% 08/15/20260.1%
Atlassian Corp5.250% 05/15/20290.1%
Comision Federal de Electricidad4.688% 05/15/20290.1%
Flutter Treasury DAC6.375% 04/29/20290.1%
Air Canada3.875% 08/15/20260.1%
Expand Energy Corp5.875% 02/01/20290.1%
Civitas Resources Inc5.000% 10/15/20260.1%
Allegheny Ludlum LLC6.950% 12/15/20250.1%
Crosby US Acquisition Corp7.827% 08/16/20290.1%
TGNR Intermediate Holdings LLC5.500% 10/15/20290.1%
Connecticut Avenue Securities Trust 2024-R035.503% 03/25/20440.1%
CPI Swap2.410% 02/01/20320.1%
Connecticut Avenue Securities Trust 2024-R055.354% 07/25/20440.1%
GS Mortgage Securities Corp Trust 2021-ROSS5.737% 05/15/20260.1%
Husky Injection Molding Systems Ltd / Titan Co-Borrower LLC9.000% 02/15/20290.1%
US Bancorp6.787% 10/26/20270.1%
Towd Point Mortgage Trust 2019-HY16.441% 10/25/20480.1%
Nationstar Mortgage Holdings Inc5.000% 02/01/20260.1%
Entegris Inc4.375% 04/15/20280.1%
South Bow USA Infrastructure Holdings LLC5.026% 10/01/20290.1%
Crown Americas LLC / Crown Americas Capital Corp VI4.750% 02/01/20260.1%
BMO 2024-5C8 Mortgage Trust5.625% 12/15/20570.1%
CenterPoint Energy Inc5.400% 06/01/20290.1%
Benchmark 2024-V12 Mortgage Trust5.738% 12/15/20570.1%
SWCH Commercial Mortgage Trust 2025-DATA5.765% 03/15/20420.1%
Santander Drive Auto Receivables Trust 2023-35.770% 11/15/20300.1%
NatWest Group PLC4.892% 05/18/20290.1%
Citizens Auto Receivables Trust 2023-15.780% 10/15/20300.1%
Helmerich & Payne Inc4.850% 12/01/20290.1%
Crowdstrike Holdings Inc3.000% 02/15/20290.1%
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%
Westlake Automobile Receivables Trust 2024-25.910% 04/15/20300.1%
Athene Global Funding5.380% 01/07/20300.1%
Civitas Resources Inc8.375% 07/01/20280.1%
BMO 2023-5C2 Mortgage Trust7.296% 11/15/20560.1%
SM Energy Co6.750% 09/15/20260.1%
POTOMAC ENERGY CENTER LLC10.292% 11/12/20260.1%
Jane Street Group / JSG Finance Inc4.500% 11/15/20290.1%
GLS Auto Receivables Issuer Trust 2021-22.870% 05/15/20280.1%
Osaic Holdings Inc10.750% 08/01/20270.1%
Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets Ltd6.500% 06/20/20270.1%
Huntington Bank Auto Credit-Linked Notes Series 2024-16.153% 05/20/20320.1%
Ford Motor Credit Co LLC5.850% 05/17/20270.1%
Hyundai Capital America2.000% 06/15/20280.1%
GGAM Finance Ltd7.750% 05/15/20260.1%
Block Inc2.750% 06/01/20260.1%
Ameren Corp5.000% 01/15/20290.1%
US Bancorp5.100% 07/23/20300.1%
Freedom Mortgage Corp12.000% 10/01/20280.1%
United Wholesale Mortgage LLC5.500% 11/15/20250.1%
Navient Corp6.750% 06/25/20250.1%
LoanCore 2025 2025-CRE8 Issuer LLC5.713% 08/17/20420.1%
CPI Swap2.518% 04/17/20260.1%
AAdvantage Loyalty IP Ltd6.553% 04/20/20280.1%
HEICO Corp5.250% 08/01/20280.1%
UBS Group AG5.428% 02/08/20300.1%
Anglo American Capital PLC4.500% 03/15/20280.1%
GM Financial Automobile Leasing Trust 2025-14.660% 02/21/20280.1%
Huntington Bancshares Inc/OH4.443% 08/04/20280.1%
Colombia Government International Bond3.875% 04/25/20270.1%
Affirm Asset Securitization Trust 2024-B4.620% 09/15/20290.1%
TransDigm Inc6.750% 08/15/20280.1%
Huntington Bank Auto Credit-Linked Notes Series 2024-25.442% 10/20/20320.1%
Connecticut Avenue Securities Trust 2024-R045.354% 05/25/20440.1%
Lloyds Banking Group PLC5.462% 01/05/20280.1%
American Express Co4.731% 04/25/20290.1%
South Bow USA Infrastructure Holdings LLC4.911% 09/01/20270.1%
CNO Financial Group Inc5.250% 05/30/20250.1%
Studio City Finance Ltd6.000% 07/15/20250.1%
MGIC Investment Corp5.250% 08/15/20280.1%
Concentrix Corp6.650% 08/02/20260.1%
Romanian Government International Bond5.875% 01/30/20290.1%
Santander Drive Auto Receivables Trust 2024-35.550% 09/17/20290.1%
Petroleos Mexicanos6.875% 08/04/20260.1%
Open Text Corp6.900% 12/01/20270.1%
Holcim Finance US LLC4.600% 04/07/20270.1%
IQVIA Inc5.000% 10/15/20260.1%
LAD Auto Receivables Trust 2024-34.520% 03/15/20290.1%
DTE Energy Co4.875% 06/01/20280.1%
Algonquin Power & Utilities Corp5.365% 06/15/20260.1%
HSBC Holdings PLC4.899% 03/03/20290.1%
Veralto Corp5.350% 09/18/20280.1%
BPCE SA5.716% 01/18/20300.1%
Block Inc0.000% 05/01/20260.1%
CPI Swap2.113% 12/29/20270.1%
TransDigm Inc5.500% 11/15/20270.1%
Connecticut Avenue Securities Series 2025-R015.303% 01/25/20450.1%
Antero Resources Corp7.625% 02/01/20290.1%
Development Bank of Kazakhstan JSC5.625% 04/07/20300.1%
Hilton Domestic Operating Co Inc5.375% 05/01/20250.1%
SM Energy Co6.500% 07/15/20280.1%
Exeter Automobile Receivables Trust 2024-35.980% 09/16/20300.1%
Cedar Funding VII Clo Ltd5.819% 01/20/20310.1%
Bacardi-Martini BV5.550% 02/01/20300.1%
General Motors Financial Co Inc5.550% 07/15/20290.1%
Goldman Sachs Group Inc/The5.218% 04/23/20310.1%
BX Trust 2025-ROIC5.466% 03/15/20300.1%
Swedbank AB5.393% 11/20/20290.1%
Liberty Utilities Co5.577% 01/31/20290.1%
Connecticut Avenue Securities Trust 2023-R026.654% 01/25/20430.1%
Jackson National Life Global Funding4.900% 01/13/20270.1%
Morgan Stanley4.994% 04/12/20290.1%
Jackson National Life Global Funding5.350% 01/13/20300.1%
Molex Electronic Technologies LLC4.750% 04/30/20280.1%
Whistler Pipeline LLC5.400% 09/30/20290.1%
CPI Swap2.107% 02/21/20310.1%
Saudi Government International Bond5.125% 01/13/20280.1%
RGA Global Funding5.448% 05/24/20290.1%
Rentokil Terminix Funding LLC5.000% 04/28/20300.1%
BX Commercial Mortgage Trust 2024-XL55.714% 03/15/20410.1%
Synopsys Inc4.850% 04/01/20300.1%
Oracle Corp4.800% 08/03/20280.1%
Sirius XM Radio LLC3.125% 09/01/20260.1%
US Bank NA5.582% 02/25/20320.1%
Mattel Inc5.875% 12/15/20270.1%
Ford Motor Credit Co LLC7.350% 11/04/20270.1%
KIND Commercial Mortgage Trust 2024-16.212% 08/15/20410.1%
Citizens Financial Group Inc5.841% 01/23/20300.1%
Pacific Gas and Electric Co5.550% 05/15/20290.1%
American Express Co5.016% 04/25/20310.1%
CPI Swap2.213% 10/25/20320.1%
Fortress Transportation and Infrastructure Investors LLC5.500% 05/01/20280.1%
Octane Receivables Trust 2024-25.800% 07/20/20320.1%
CONE Trust 2024-DFW15.964% 08/15/20410.1%
LSTAR Commercial Mortgage Trust 2017-54.500% 03/10/20500.1%
American National Global Funding5.550% 01/28/20300.1%
ArcelorMittal SA6.550% 11/29/20270.1%
Standard Chartered PLC5.688% 05/14/20280.1%
Avolon Holdings Funding Ltd5.750% 11/15/20290.1%
Connecticut Avenue Securities Trust 2024-R065.504% 09/25/20440.1%
Citizens Financial Group Inc5.253% 03/05/20310.1%
Vertiv Group Corp4.125% 11/15/20280.1%
Societe Generale SA1.488% 12/14/20260.1%
Sands China Ltd5.125% 08/08/20250.1%
Glencore Funding LLC5.186% 04/01/20300.1%
Americredit Automobile Receivables Trust 2023-15.800% 12/18/20280.1%
Helmerich & Payne Inc4.650% 12/01/20270.1%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust4.625% 09/10/20290.1%
ACREC 2021-FL1 Ltd5.584% 10/16/20360.1%
Trivium Packaging Finance BV8.500% 08/15/20270.1%
Danske Bank A/S1.621% 09/11/20260.1%
Discovery Communications LLC3.950% 03/20/20280.1%
Hyundai Capital America5.300% 01/08/20290.1%
National Fuel Gas Co5.500% 03/15/20300.1%
Columbia Pipelines Holding Co LLC6.042% 08/15/20280.1%
Boeing Co/The2.700% 02/01/20270.1%
BWAY 2013-1515 Mortgage Trust0.534% 03/10/20330.1%
Freddie Mac STACR REMIC Trust 2024-DNA35.404% 10/25/20440.1%
Expand Energy Corp5.375% 02/01/20290.1%
LFT CRE 2021-FL1 Ltd5.606% 06/15/20390.1%
Truist Financial Corp5.435% 01/24/20300.1%
CPI Swap2.298% 04/05/20290.1%
CPI Swap2.301% 03/28/20290.1%
SCF Equipment Leasing 2024-1 LLC5.520% 01/20/20320.1%
Bombardier Inc7.875% 04/15/20270.1%
Lincoln Financial Global Funding5.300% 01/13/20300.1%
Octane Receivables Trust 2024-34.940% 05/20/20300.1%
Wells Fargo & Co4.970% 04/23/20290.1%
Nexstar Media Inc5.625% 07/15/20270.1%
Holcim Finance US LLC4.700% 04/07/20280.1%
Santander Drive Auto Receivables Trust 2025-14.880% 03/17/20310.1%
First Horizon Corp5.514% 03/07/20310.1%
CNO Global Funding4.875% 12/10/20270.1%
LPL Holdings Inc4.900% 04/03/20280.1%
Baiterek National Managing Holding JSC5.450% 05/08/20280.1%
BSPRT 2021-FL7 Issuer Ltd5.756% 12/15/20380.1%
Quanta Services Inc4.750% 08/09/20270.1%
LBA Trust 2024-7IND5.765% 10/15/20410.1%
Sammons Financial Group Global Funding5.100% 12/10/20290.1%
JBS USA Holding Lux Sarl/ JBS USA Food Co/ JBS Lux Co Sarl3.000% 02/02/20290.1%
Icon Investments Six DAC5.849% 05/08/20290.1%
JP Morgan Chase Commercial Mortgage Securities Trust 2018-WPT0.555% 07/05/20330.1%
Coterra Energy Inc4.375% 03/15/20290.1%
Wells Fargo & Co5.707% 04/22/20280.1%
Enbridge Inc5.300% 04/05/20290.1%
Bank of America Corp3.970% 03/05/20290.1%
CPI Swap2.408% 05/21/20280.1%
Abu Dhabi Developmental Holding Co PJSC4.500% 05/06/20300.1%
Benchmark 2019-B11 Mortgage Trust3.542% 05/15/20520.1%
Gartner Inc4.500% 07/01/20280.1%
Carnival Corp7.625% 03/01/20260.1%
15-YR UMBS-TBA PROD MAY6.000% 11/01/20380.1%
Boeing Co/The3.250% 02/01/20280.1%
Paychex Inc5.100% 04/15/20300.1%
DTE Energy Co5.100% 03/01/20290.1%
CPI Swap2.348% 03/10/20320.1%
Icon Investments Six DAC5.809% 05/08/20270.1%
Hasbro Inc3.900% 11/19/20290.1%
Hyatt Hotels Corp5.250% 06/30/20290.1%
LPL Holdings Inc5.150% 06/15/20300.1%
Kinder Morgan Inc5.000% 02/01/20290.1%
Stellantis Finance US Inc5.350% 03/17/20280.1%
BCPE Empire Holdings Inc7.625% 05/01/20270.1%
Microchip Technology Inc5.050% 02/15/20300.1%
CPI Swap2.495% 05/08/20260.1%
Radian Group Inc6.200% 05/15/20290.1%
Morgan Stanley5.042% 07/19/20300.1%
Barclays PLC5.367% 02/25/20310.1%
Athene Global Funding4.950% 01/07/20270.1%
Mars Inc4.600% 03/01/20280.1%
Atlas Warehouse Lending Co LP6.050% 01/15/20280.1%
NSTAR Electric Co4.850% 03/01/20300.1%
CPI Swap2.398% 02/12/20330.1%
Western Midstream Operating LP6.350% 01/15/20290.1%
Voya CLO 2013-3 Ltd6.231% 10/18/20310.1%
Nuveen LLC5.550% 01/15/20300.1%
Broadcom Inc5.050% 07/12/20290.1%
Engie SA5.250% 04/10/20290.1%
Barclays PLC5.086% 02/25/20290.1%
Federation des Caisses Desjardins du Quebec5.700% 03/14/20280.1%
JBS USA Holding Lux Sarl/ JBS USA Food Co/ JBS Lux Co Sarl5.125% 02/01/20280.1%
BAE Systems PLC5.125% 03/26/20290.1%
US Bancorp5.384% 01/23/20300.1%
Element Fleet Management Corp5.643% 03/13/20270.1%
Aviation Capital Group LLC5.375% 07/15/20290.1%
BNP Paribas SA2.219% 06/09/20260.1%
Jackson National Life Global Funding4.600% 10/01/20290.1%
Western-Southern Global Funding4.900% 05/01/20300.1%
AEP Texas Inc5.450% 05/15/20290.1%
BNP Paribas SA4.375% 05/12/20260.1%
Morgan Stanley Bank NA5.016% 01/12/20290.1%
Banco Nacional de Comercio Exterior SNC/Cayman Islands5.875% 05/07/20300.1%
Avolon Holdings Funding Ltd4.950% 01/15/20280.1%
Microchip Technology Inc4.900% 03/15/20280.1%
Mutual of Omaha Cos Global Funding5.000% 04/01/20300.1%
CPI Swap1.990% 07/18/20250.1%
Ma'aden Sukuk Ltd5.250% 02/13/20300.1%
Intel Corp3.750% 08/05/20270.1%
Royalty Pharma PLC5.150% 09/02/20290.1%
Health Care Service Corp A Mutual Legal Reserve Co5.200% 06/15/20290.1%
EQT Corp7.500% 06/01/20270.1%
Amcor Flexibles North America Inc4.800% 03/17/20280.1%
Connecticut Avenue Securities Trust 2025-R025.353% 02/25/20450.1%
Rolls-Royce PLC5.750% 10/15/20270.1%
Verizon Master Trust4.350% 08/20/20320.1%
M&T Equipment 2024-LEAF1 Notes4.760% 08/18/20310.1%
Macquarie Group Ltd1.340% 01/12/20270.1%
Kraton Corp5.000% 07/15/20270.1%
GATX Corp5.400% 03/15/20270.1%
Vistra Operations Co LLC5.500% 09/01/20260.1%
Boeing Co/The3.200% 03/01/20290.1%
Volkswagen Group of America Finance LLC4.900% 08/14/20260.1%
Penske Truck Leasing Co Lp / PTL Finance Corp3.400% 11/15/20260.1%
Boeing Co/The5.150% 05/01/20300.0%
Universal Health Services Inc4.625% 10/15/20290.0%
JP Morgan Chase Commercial Mortgage Securities Trust 2018-PTC5.819% 04/15/20310.0%
Holcim Finance US LLC4.950% 04/07/20300.0%
OGE Energy Corp5.450% 05/15/20290.0%
Benchmark 2018-B2 Mortgage Trust3.882% 02/15/20510.0%
Coterra Energy Inc3.900% 05/15/20270.0%
Las Vegas Sands Corp5.900% 06/01/20270.0%
LPL Holdings Inc5.700% 05/20/20270.0%
Dell International LLC / EMC Corp4.750% 04/01/20280.0%
Evergy Kansas Central Inc4.700% 03/13/20280.0%
Amcor Flexibles North America Inc5.100% 03/17/20300.0%
Sammons Financial Group Global Funding5.050% 01/10/20280.0%
Morgan Stanley5.230% 01/15/20310.0%
Dell International LLC / EMC Corp5.000% 04/01/20300.0%
Freddie Mac STACR REMIC Trust 2022-HQA36.654% 08/25/20420.0%
CNH Industrial Capital LLC4.750% 03/21/20280.0%
Intel Corp2.450% 11/15/20290.0%
CPI Swap2.605% 09/19/20280.0%
Mauser Packaging Solutions Holding Co7.875% 04/15/20270.0%
Aviation Capital Group LLC1.950% 01/30/20260.0%
Volkswagen Group of America Finance LLC4.950% 03/25/20270.0%
Occidental Petroleum Corp5.200% 08/01/20290.0%
Buckeye Partners LP6.070% 11/02/20260.0%
Blackstone Private Credit Fund2.625% 12/15/20260.0%
Freddie Mac STACR REMIC Trust 2024-HQA25.604% 08/25/20440.0%
General Motors Financial Co Inc5.400% 05/08/20270.0%
Macquarie Airfinance Holdings Ltd6.400% 03/26/20290.0%
Morgan Stanley Bank of America Merrill Lynch Trust 2015-C273.753% 12/15/20470.0%
First Citizens BancShares Inc/NC6.764% 03/15/20300.0%
Petroleos Mexicanos4.500% 01/23/20260.0%
Octane Receivables Trust 2022-25.110% 02/22/20280.0%
Dominican Republic International Bond8.625% 04/20/20270.0%
FS Rialto 2025-FL10 Issuer LLC5.705% 08/19/20420.0%
Boeing Co/The5.040% 05/01/20270.0%
CNO Global Funding4.950% 09/09/20290.0%
LPL Holdings Inc5.200% 03/15/20300.0%
Goldman Sachs Group Inc/The5.207% 01/28/20310.0%
Freddie Mac STACR REMIC Trust 2025-DNA15.304% 01/25/20450.0%
Navoi Mining & Metallurgical Combinat6.700% 10/17/20280.0%
Mexico Government International Bond3.750% 01/11/20280.0%
Antero Midstream Partners LP / Antero Midstream Finance Corp5.750% 03/01/20270.0%
Cleco Corporate Holdings LLC3.743% 05/01/20260.0%
Ford Motor Credit Co LLC6.950% 06/10/20260.0%
Tyson Foods Inc5.400% 03/15/20290.0%
GS Mortgage Securities Trust 2019-GSA13.048% 11/10/20520.0%
NMI Holdings Inc6.000% 08/15/20290.0%
Altria Group Inc4.875% 02/04/20280.0%
KeyCorp5.121% 04/04/20310.0%
Synchrony Financial3.700% 08/04/20260.0%
Rio Tinto Finance USA PLC4.500% 03/14/20280.0%
Hyatt Hotels Corp5.050% 03/30/20280.0%
AS Mileage Plan IP Ltd5.021% 10/20/20290.0%
Wells Fargo Commercial Mortgage Trust 2015-SG13.789% 09/15/20480.0%
Vistra Operations Co LLC3.700% 01/30/20270.0%
Atlas Warehouse Lending Co LP6.250% 01/15/20300.0%
Synchrony Bank5.625% 08/23/20270.0%
Hess Midstream Operations LP5.875% 03/01/20280.0%
Aqua Finance Trust 2021-A1.540% 07/17/20460.0%
Rolls-Royce PLC3.625% 10/14/20250.0%
Development Bank of Kazakhstan JSC5.250% 10/23/20290.0%
Synovus Bank/Columbus GA4.000% 10/29/20300.0%
IQVIA Inc5.000% 05/15/20270.0%
Panama Government International Bond8.875% 09/30/20270.0%
GE HealthCare Technologies Inc4.800% 08/14/20290.0%
Synchrony Financial3.950% 12/01/20270.0%
FirstEnergy Transmission LLC4.550% 01/15/20300.0%
JPMorgan Chase & Co5.012% 01/23/20300.0%
United Airlines 2020-1 Class A Pass Through Trust5.875% 10/15/20270.0%
Vistra Operations Co LLC5.625% 02/15/20270.0%
Boeing Co/The2.250% 06/15/20260.0%
Canadian Natural Resources Ltd5.000% 12/15/20290.0%
IDEX Corp4.950% 09/01/20290.0%
Glencore Funding LLC4.907% 04/01/20280.0%
NatWest Group PLC4.964% 08/15/20300.0%
Carlyle Global Market Strategies CLO 2014-3-R Ltd5.594% 07/27/20310.0%
Occidental Petroleum Corp8.875% 07/15/20300.0%
Corp Financiera de Desarrollo SA5.500% 05/06/20300.0%
Blackstone Secured Lending Fund2.125% 02/15/20270.0%
MF1 2021-FL7 Ltd5.514% 10/16/20360.0%
Vistra Operations Co LLC5.050% 12/30/20260.0%
Alexander Funding Trust II7.467% 07/31/20280.0%
Anglo American Capital PLC3.875% 03/16/20290.0%
Blackstone Private Credit Fund4.950% 09/26/20270.0%
Citigroup Commercial Mortgage Trust 2016-GC363.616% 02/10/20490.0%
Sonoco Products Co4.450% 09/01/20260.0%
Aircastle Ltd / Aircastle Ireland DAC5.250% 03/15/20300.0%
Caesars Entertainment Inc8.125% 07/01/20270.0%
HAT Holdings I LLC / HAT Holdings II LLC8.000% 06/15/20270.0%
Navient Corp5.000% 03/15/20270.0%
Chevron Phillips Chemical Co LLC / Chevron Phillips Chemical Co LP4.750% 05/15/20300.0%
Freddie Mac STACR REMIC Trust 2024-DNA35.354% 10/25/20440.0%
Uber Technologies Inc7.500% 09/15/20270.0%
TCI-Flatiron Clo 2018-1 Ltd5.602% 01/29/20320.0%
Trans-Allegheny Interstate Line Co5.000% 01/15/20310.0%
Intel Corp3.150% 05/11/20270.0%
CPI Swap2.850% 10/28/20270.0%
Wells Fargo Commercial Mortgage Trust 2019-C503.729% 05/15/20520.0%
VICI Properties LP / VICI Note Co Inc3.875% 02/15/20290.0%
CenterPoint Energy Houston Electric LLC4.800% 03/15/20300.0%
CPI Swap2.602% 02/04/20280.0%
Dominican Republic International Bond6.875% 01/29/20260.0%
Hyundai Capital America5.500% 03/30/20260.0%
CPI Swap2.409% 12/24/20290.0%
JPMCC Commercial Mortgage Securities Trust 2017-JP71.157% 09/15/20500.0%
CSMC 2014-USA OA LLC0.686% 09/15/20370.0%
Rio Tinto Finance USA PLC4.375% 03/12/20270.0%
Government National Mortgage Association3.000% 01/16/20480.0%
Lstar Commercial Mortgage Trust 2016-40.807% 03/10/20490.0%
DBJPM 2016-C3 Mortgage Trust1.543% 08/10/20490.0%
CPI Swap2.465% 11/30/20310.0%
Wells Fargo Commercial Mortgage Trust 2016-LC241.121% 10/15/20490.0%
JP Morgan Chase Commercial Mortgage Securities Trust 2018-PTC6.519% 04/15/20310.0%
Octane Receivables Trust 2022-14.180% 03/20/20280.0%
UBS Commercial Mortgage Trust 2019-C183.035% 12/15/20520.0%
CSMC Trust 2016-NXSR0.307% 12/15/20490.0%
DBWF Mortgage Trust2.998% 06/10/20340.0%
J.P. Morgan Chase Commercial Mortgage Securities Trust 2018-AON0.639% 07/05/20310.0%
JBS USA Holding Lux Sarl/ JBS USA Food Co/ JBS Lux Co Sarl5.500% 01/15/20300.0%
Carvana Auto Receivables Trust 2021-N10.700% 01/10/20280.0%
BBCMS Trust 2015-VFM2.466% 03/10/20360.0%
DBWF 2016-85T Mortgage Trust0.116% 12/10/20360.0%
Morgan Stanley Bank of America Merrill Lynch Trust 2016-C311.398% 11/15/20490.0%
Credit Index Swap1.000% 12/20/20280.0%
Morgan Stanley Capital I Trust 2016-UB111.566% 08/15/20490.0%
CPI Swap2.505% 12/07/20310.0%
Freddie Mac Multifamily Structured Pass Through Certificates0.278% 11/25/20260.0%
WFRBS Commercial Mortgage Trust 2014-C210.595% 08/15/20470.0%
CFCRE Commercial Mortgage Trust 2016-C61.203% 11/10/20490.0%
CFCRE Commercial Mortgage Trust 2016-C70.777% 12/10/20540.0%
Wells Fargo Commercial Mortgage Trust 2016-BNK11.846% 08/15/20490.0%
CSAIL 2016-C7 Commercial Mortgage Trust0.406% 11/15/20490.0%
JP Morgan Chase Commercial Mortgage Securities Trust 2016-JP40.702% 12/15/20490.0%
Starwood Mortgage Residential Trust 2020-12.275% 02/25/20500.0%
COMM 2012-CCRE4 Mortgage Trust1.288% 10/15/20450.0%
J.P. Morgan Chase Commercial Mortgage Securities Trust 2018-AON0.308% 07/05/20310.0%
Government National Mortgage Association2.900% 10/16/20550.0%
MSCG Trust 2015-ALDR2.612% 06/07/20350.0%
Residential Mortgage Loan Trust 2020-12.376% 01/26/20600.0%
Credit Index Swap1.000% 06/20/20300.0%
Csail 2015-C2 Commercial Mortgage Trust0.103% 06/15/20570.0%
CD 2016-CD1 Mortgage Trust1.475% 08/10/20490.0%
CPI Swap2.870% 04/04/20270.0%
CFCRE Commercial Mortgage Trust 2016-C41.727% 05/10/20580.0%
CPI Swap2.439% 12/10/20340.0%
Wells Fargo Commercial Mortgage Trust 2015-C290.097% 06/15/20480.0%
Lstar Commercial Mortgage Trust 2016-41.823% 03/10/20490.0%
GS Mortgage Securities Trust 2015-GS10.898% 11/10/20480.0%
Interest Rate Swap0.173% 10/21/20250.0%
JP Morgan Chase Commercial Mortgage Securities Trust 2014-DSTY0.503% 06/10/20270.0%
Morgan Stanley Bank of America Merrill Lynch Trust 2015-C230.636% 07/15/20500.0%
DBWF Mortgage Trust0.537% 06/10/20340.0%
Wells Fargo Commercial Mortgage Trust 2015-C290.652% 06/15/20480.0%
Citigroup Commercial Mortgage Trust 2015-GC310.262% 06/10/20480.0%
JP Morgan Chase Commercial Mortgage Securities Trust 2014-DSTY0.160% 06/10/20270.0%
JPMBB Commercial Mortgage Securities Trust 2014-C240.862% 11/15/20470.0%
JPMBB Commercial Mortgage Securities Trust 2015-C290.637% 05/15/20480.0%
Government National Mortgage Association0.175% 01/16/20550.0%
OGX Austria GmbH8.500% 06/01/20180.0%
Interest Rate Swap0.184% 10/21/20250.0%
US ULTRA BOND CBT Jun250.000% 06/18/20250.0%
CPI Swap2.692% 04/04/20280.0%
Credit Index Swap1.000% 06/20/20290.0%
US 10yr Ultra Fut Jun250.000% 06/18/20250.0%
CPI Swap2.864% 03/22/20320.0%
CPI Swap2.474% 07/26/20440.0%
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 Swap3.010% 02/15/2033-0.2%
CPI Swap1.645% 10/01/2025-0.4%

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

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

Dividend Payments

For
YTD Dividends Paidas of 06/18/2025
$0.23044
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 05/31/2025 $0.04632 $11.77
Daily Daily 04/30/2025 $0.05006 $11.81
Daily Daily 03/31/2025 $0.04583 $11.82
Daily Daily 02/28/2025 $0.04412 $11.76
Daily Daily 01/31/2025 $0.04411 $11.67

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
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 06/18/2025

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $100,000 2.25% 2.00% $12.03
$100,000 to $249,999 1.75% 1.50% $11.97
$250,000 to $499,999 1.25% 1.00% $11.91
Greater than $500,000 0.00% 1.00% $11.76

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 05/31/2025

Fund Gross Expense Ratio 0.79%
Fund Net Expense Ratio 0.79%

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
Annual Tailored Shareholder Report
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
* 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.

Average Yield to Maturity is the total rate of return earned when a bond makes all interest payments and repays the original principal.

Distribution Yield is the calculation of cash flow for an investment vehicle, to calculate the distribution yield, the most recent distribution is multiplied by 12 to get an annualized total, which is then divided by the NAV.

 

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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