LDCAX | Short Duration Core Bond Fund Class A | Lord Abbett

Tracked Funds

You have 0 funds on your mutual fund watch list.

Begin by selecting funds to create a personalized watch list.

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

Quick Links

Follow Us

Pending Orders

You have 0 items in your cart.

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

Check Out Go Literature Center

 

Short Duration Core Bond Fund

Track this Fund
Add to Hypo Tool

Daily price w/o sales charge as of 10/06/2022

$9.11

arrowDown$0.01

YTD Returns w/o sales charge as of 10/06/2022

-4.73%

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 Short Duration Core Bond Fund ?

The Fund seeks to deliver current income consistent with the preservation of capital by investing in a wide variety of short duration investment grade debt securities including corporate debt securities, U.S. government and government-related securities, and mortgage-backed and other asset-backed securities.
 

EXPERIENCED, TENURED TEAM

Constructed through the collaboration among 50+ investment professionals with extensive experience managing, researching, and trading short-term debt securities. 

HIGH QUALITY, LOW DURATION

Seeks to generate attractive income by investing in a broad range of high-quality, short duration bonds, limiting credit risk and interest rate risk.

LOW EXPENSES

Offers lower expenses relative to its Lipper and Morningstar peer group category average.

 

Yield

Dividend Yield as of 10/06/2022  

  Subsidized Un-Subsidized
w/o sales charge 3.38% 3.19%
w/ sales charge 3.30% 3.12%

30-Day Standardized Yield as of 08/31/2022  

  Subsidized Un-Subsidized
w/o sales charge 3.18% 2.96%

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

Expense Ratioas of 09/30/2022

Expense ratio details, Click here.

Fund Basicsas of 08/31/2022

Total Net Assets
$249.59 M
Inception Date
04/20/2017
Dividend Frequency
Monthly (Daily Accrual)
Number of Holdings
441
Minimum Initial Investment
$1,500+

Fund Expense Ratio :

Gross 0.79%

Net 0.60%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/19/2017
w/o sales charge -4.89% -5.22% -0.59% 0.73% - 0.80%
Lipper Category Avg. Short Investment Grade Debt Funds -5.46% -5.91% -0.43% 0.70% - -
Bloomberg 1-3 Year US Government/Credit Bond Index -4.54% -5.07% -0.41% 0.70% - 0.71%
w/ sales charge -7.03% -7.36% -1.34% 0.28% - 0.38%

Fund Expense Ratio :

Gross 0.79%

Net 0.60%

Fund Expense Ratio :

Gross 0.79%

Net 0.60%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/19/2017
w/o sales charge -4.89% -5.22% -0.59% 0.73% - 0.80%
Lipper Category Avg. Short Investment Grade Debt Funds -5.46% -5.91% -0.43% 0.70% - -
Bloomberg 1-3 Year US Government/Credit Bond Index -4.54% -5.07% -0.41% 0.70% - 0.71%
w/ sales charge -7.03% -7.36% -1.34% 0.28% - 0.38%

Fund Expense Ratio :

Gross 0.79%

Net 0.60%

RELATED CONTENT

Podcast: Addressing a Core Issue for Fixed-Income Investors
October 26, 2021

In this podcast, investment strategist Joseph Graham discusses why investors may wish to rethink their current allocations to core bonds

Type Assets
Investment Grade Corporate
CMBS
ABS
CLO
Bank Loans
U.S. Government Related
MBS
High Yield Corporate
Sovereign
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
1-3 years
3-5 years
5-7 years

CREDIT QUALITY DISTRIBUTION as of 08/31/2022 View Portfolio

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

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

INVESTMENT TEAM

Kewjin Yuoh
Kewjin Yuoh

Partner & Portfolio Manager

28 Years of Industry Experience

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

Partner & Portfolio Manager

24 Years of Industry Experience

Adam C. Castle
Adam C. Castle, CFA

Partner, Portfolio Manager

14 Years of Industry Experience

Yoana N. Koleva
Yoana N. Koleva, CFA

Partner, Portfolio Manager

19 Years of Industry Experience

Supported By 70 Investment Professionals with 16 Years Avg. Industry Experience

Your Representative

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

Performance

Performance

Dividend Yield 1 as of 10/06/2022  

  Subsidized3 Un-Subsidized4
w/o sales charge 3.38% 3.19%
w/ sales charge 3.30% 3.12%

30-Day Standardized Yield 2 as of 08/31/2022  

  Subsidized Un-Subsidized
w/o sales charge 3.18% 2.96%

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 0.60%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/19/2017
w/o sales charge -4.89% -5.22% -0.59% 0.73% - 0.80%
Lipper Category Avg. Short Investment Grade Debt Funds -5.46% -5.91% -0.43% 0.70% - -
Bloomberg 1-3 Year US Government/Credit Bond Index -4.54% -5.07% -0.41% 0.70% - 0.71%
w/ sales charge -7.03% -7.36% -1.34% 0.28% - 0.38%

Fund Expense Ratio :

Gross 0.79%

Net 0.60%

Fund Expense Ratio :

Gross 0.79%

Net 0.60%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/19/2017
w/o sales charge -4.89% -5.22% -0.59% 0.73% - 0.80%
Lipper Category Avg. Short Investment Grade Debt Funds -5.46% -5.91% -0.43% 0.70% - -
Bloomberg 1-3 Year US Government/Credit Bond Index -4.54% -5.07% -0.41% 0.70% - 0.71%
w/ sales charge -7.03% -7.36% -1.34% 0.28% - 0.38%

Fund Expense Ratio :

Gross 0.79%

Net 0.60%

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 1-3 Year US Government/Credit Bond Index
2021 0.07% -0.47%
2020 2.54% 3.33%
2019 4.66% 4.03%
2018 1.50% 1.60%
2017 0.72% 0.84%
Year Q1 Q2 Q3 Q4 Yearly Returns
2022 -2.40% -1.39% -1.18% - -4.73%
2021 0.02% 0.29% 0.11% -0.35% 0.07%
2020 -3.09% 4.06% 0.91% 0.77% 2.54%
2019 1.68% 1.43% 0.82% 0.67% 4.66%
2018 -0.12% 0.37% 0.52% 0.72% 1.50%
2017 - - 0.41% 0.05% 0.72%

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

GROWTH OF $10,000 as of 07/31/2021

The chart begins on the Fund's inception date of 04/19/2017.

Based on a hypothetical Class A share investment of $10,000 on 04/19/2017 without sales charge and includes the reinvestment of all distributions.

 

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Type Assets
Investment Grade Corporate
CMBS
ABS
CLO
Bank Loans
U.S. Government Related
MBS
High Yield Corporate
Sovereign
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
1-3 years
3-5 years
5-7 years

CREDIT QUALITY DISTRIBUTION as of 08/31/2022

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

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

Portfolio Details as of 08/31/2022

Total Net Assets
$249.59 M
Number of Issues
441
Average Coupon
3.48%
Average Life
2.07 Years
Average Effective Duration
1.9 Years

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

Average Coupon - The weighted average annual rate of interest on a bond’s face value that the issuer agrees to pay the holder until maturity for all the securities in a portfolio.

Average Maturity - The length of time until the average security in a portfolio will mature or be redeemed by its issuer in proportion to its dollar value. Indicating a portfolio’s sensitivity to general market interest rate changes, a longer average maturity implies greater relative portfolio volatility.

Modified Duration - The change in the value of a fixed income security that will result from a 1% change in interest rates. Duration is expressed as a number of years, and generally, the larger a portfolio’s duration, the greater the interest-rate risk or reward for underlying bond prices. Where applicable, securities, such as common or preferred stock, convertible bonds and convertible preferred stock, ETFs and ADRs and futures, are excluded from these calculations.

Holding Coupon Maturity Assets
United States Treasury Note/Bond 3.250% 08/31/2024 2.3%
Morgan Stanley 3.737% 04/24/2024 1.6%
United States Treasury Note/Bond 3.000% 06/30/2024 1.6%
Fannie Mae Pool 3.000% 12/01/2035 1.3%
Bank of America Corp 3.864% 07/23/2024 1.3%
Charter Communications Operating LLC 4.280% 04/30/2025 1.1%
JPMorgan Chase & Co 3.797% 07/23/2024 0.9%
Glencore Funding LLC 4.625% 04/29/2024 0.9%
VICI Properties LP / VICI Note Co Inc 3.500% 02/15/2025 0.8%
15-YR UMBS-TBA PROD OCT 4.500% 06/01/2037 0.8%
% of Total Assets 12.6%
Holding Coupon Maturity Assets
United States Treasury Note/Bond3.250% 08/31/20242.3%
Morgan Stanley3.737% 04/24/20241.6%
United States Treasury Note/Bond3.000% 06/30/20241.6%
Fannie Mae Pool3.000% 12/01/20351.3%
Bank of America Corp3.864% 07/23/20241.3%
Charter Communications Operating LLC4.280% 04/30/20251.1%
JPMorgan Chase & Co3.797% 07/23/20240.9%
Glencore Funding LLC4.625% 04/29/20240.9%
VICI Properties LP / VICI Note Co Inc3.500% 02/15/20250.8%
15-YR UMBS-TBA PROD OCT4.500% 06/01/20370.8%
Toronto-Dominion Bank/The2.094% 09/10/20240.8%
Royal Bank of Canada2.317% 10/07/20240.8%
Bank of America Corp1.486% 05/19/20240.8%
Dell International LLC / EMC Corp6.020% 06/15/20260.8%
Bank of America Corp3.004% 12/20/20230.7%
Netflix Inc4.375% 11/15/20260.6%
Devon Energy Corp5.250% 10/15/20270.6%
XPO Logistics Inc4.123% 02/24/20250.6%
Delos Finance Sarl4.000% 10/06/20230.6%
Invitation Homes Operating Partnership LP3.358% 01/31/20250.6%
Bayer US Finance II LLC3.875% 12/15/20230.6%
Stellantis NV5.250% 04/15/20230.6%
Reynolds American Inc4.450% 06/12/20250.6%
Flagship Credit Auto Trust 2022-34.550% 04/15/20270.6%
Continental Resources Inc/OK3.800% 06/01/20240.5%
Bank of America Corp1.197% 10/24/20260.5%
CenterPoint Energy Inc2.932% 05/13/20240.5%
Enterprise Fleet Financing 2022-3 LLC4.380% 07/20/20290.5%
ITC Holdings Corp3.650% 06/15/20240.5%
Metropolitan Life Global Funding I4.050% 08/25/20250.5%
PenFed Auto Receivables Owner Trust 2022-A3.960% 04/15/20260.5%
AIB Group PLC4.750% 10/12/20230.5%
Pricoa Global Funding I4.200% 08/28/20250.5%
Intesa Sanpaolo SpA3.375% 01/12/20230.5%
Broadcom Corp / Broadcom Cayman Finance Ltd2.650% 01/15/20230.5%
ONE Gas Inc0.850% 03/11/20230.5%
Viper Energy Partners LP5.375% 11/01/20270.5%
Marlette Funding Trust 2021-11.000% 06/16/20310.5%
Dominion Energy Inc0.000% 08/15/20240.5%
National Fuel Gas Co5.200% 07/15/20250.5%
Federal Home Loan Bank Discount Notes0.000% 09/23/20220.5%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust4.875% 01/16/20240.5%
7-Eleven Inc0.800% 02/10/20240.5%
T-Mobile USA Inc5.375% 04/15/20270.5%
Enbridge Inc2.912% 02/16/20240.5%
NTT Finance Corp4.142% 07/26/20240.5%
Nielsen Finance LLC4.369% 10/04/20230.5%
Master Credit Card Trust0.790% 11/21/20250.5%
Hyatt Hotels Corp1.300% 10/01/20230.4%
Santander Consumer Auto Receivables Trust 2020-B2.140% 12/15/20260.4%
SMRT 2022-MINI2.883% 01/15/20240.4%
F&G Global Funding5.150% 07/07/20250.4%
BX Trust 2022-LBA62.883% 01/15/20390.4%
Santander Drive Auto Receivables Trust 2022-54.430% 03/15/20270.4%
ONE Gas Inc2.331% 03/11/20230.4%
AMERICAN TOWER CORPORATION0.035% 12/08/20230.4%
BX Commercial Mortgage Trust 2019-XL3.471% 10/15/20360.4%
OneMain Financial Issuance Trust 2019-23.140% 10/14/20360.4%
Octane Receivables Trust 2022-25.850% 07/20/20280.4%
Ally Financial Inc5.750% 11/20/20250.4%
Capital One Financial Corp4.166% 05/09/20250.4%
JPMorgan Chase & Co4.851% 07/25/20280.4%
BX Trust 2022-PSB4.831% 08/15/20390.4%
15-YR UMBS-TBA PROD OCT4.000% 05/01/20370.4%
PFS Financing Corp3.890% 05/15/20270.4%
Rad CLO 7 Ltd3.940% 04/17/20330.4%
Arbor Realty Commercial Real Estate Notes 2022-FL1 Ltd3.333% 01/15/20370.4%
Citigroup Inc3.887% 01/10/20280.4%
Danske Bank A/S3.244% 12/20/20250.4%
BXMT 2021-FL4 Ltd3.441% 05/15/20380.4%
Cheniere Corpus Christi Holdings LLC7.000% 06/30/20240.4%
Santander UK Group Holdings PLC3.373% 01/05/20240.4%
BHMS 2018-ATLS3.641% 07/15/20350.4%
SCF Equipment Leasing 2021-1 LLC1.370% 08/20/20290.4%
Plains All American Pipeline LP / PAA Finance Corp2.850% 01/31/20230.4%
Australia & New Zealand Banking Group Ltd4.400% 05/19/20260.4%
OCP CLO 2020-18 Ltd3.800% 07/20/20320.4%
Southern Co/The2.700% 08/01/20240.4%
EQT Corp6.125% 02/01/20250.4%
Puget Energy Inc3.650% 05/15/20250.4%
BAT Capital Corp2.789% 09/06/20240.4%
Drive Auto Receivables Trust 2020-22.280% 08/17/20260.3%
Danske Bank A/S3.773% 03/28/20250.3%
Cleveland Electric Illuminating Co/The5.500% 08/15/20240.3%
BHMS 2018-ATLS4.291% 07/15/20350.3%
CenterPoint Energy Resources Corp0.700% 03/02/20230.3%
Encina Equipment Finance 2022-1 LLC4.880% 11/15/20280.3%
First-Citizens Bank & Trust Co3.929% 06/19/20240.3%
Capital One Financial Corp2.424% 12/06/20240.3%
CIFC Funding 2013-II Ltd4.240% 10/18/20300.3%
Tampa Electric Co2.918% 12/16/20220.3%
SCF Equipment Leasing 2020-1 LLC2.020% 03/20/20280.3%
United States Treasury Note/Bond3.000% 07/31/20240.3%
CPS Auto Receivables Trust 2022-A0.980% 04/16/20290.3%
Santander Holdings USA Inc3.500% 06/07/20240.3%
OneMain Direct Auto Receivables Trust 2019-13.950% 11/14/20280.3%
Credit Acceptance Auto Loan Trust 2021-31.000% 05/15/20300.3%
Avid Automobile Receivables Trust 2021-11.550% 05/15/20260.3%
Capital One Financial Corp1.343% 12/06/20240.3%
NRG Energy Inc3.750% 06/15/20240.3%
Affirm Asset Securitization Trust 2022-X11.750% 02/15/20270.3%
American Express Credit Account Master Trust3.390% 05/17/20270.3%
Great Wolf Trust 2019-WOLF4.024% 12/15/20360.3%
Mitsubishi UFJ Financial Group Inc0.962% 10/11/20250.3%
BX Commercial Mortgage Trust 2019-XL3.841% 10/15/20360.3%
Encina Equipment Finance 2021-1 LLC1.210% 02/16/20270.3%
Danske Bank A/S5.375% 01/12/20240.3%
BX Trust 2018-GW3.191% 05/15/20350.3%
CNO Global Funding1.650% 01/06/20250.3%
Freddie Mac STACR REMIC Trust 2022-DNA13.183% 01/25/20420.3%
BBCMS 2017-DELC Mortgage Trust3.241% 08/15/20360.3%
Avolon Holdings Funding Ltd5.250% 05/15/20240.3%
Octagon Investment Partners 30 Ltd3.740% 03/17/20300.3%
Bain Capital Credit CLO 2018-23.818% 07/19/20310.3%
AMMC CLO 23 Ltd3.780% 10/17/20310.3%
GS Mortgage Securities Corp Trust 2018-RIVR3.341% 07/15/20350.3%
CARLYLE US CLO 2019-1 LTD3.790% 04/20/20310.3%
UBS AG5.125% 05/15/20240.3%
Royal Bank of Canada3.970% 07/26/20240.3%
UniCredit SpA7.830% 12/04/20230.3%
Continental Resources Inc/OK2.268% 11/15/20260.3%
OneMain Direct Auto Receivables Trust 2019-14.190% 11/14/20280.3%
Aviation Capital Group LLC5.500% 12/15/20240.3%
DBGS 2021-W52 Mortgage Trust3.786% 10/15/20360.3%
LFT CRE 2021-FL1 Ltd4.141% 06/15/20390.3%
Ready Capital Mortgage Financing 2021-FL6 LLC3.394% 07/25/20360.3%
15-YR UMBS-TBA PROD SEP4.000% 05/01/20370.3%
Avis Budget Rental Car Funding AESOP LLC4.000% 03/20/20250.3%
RR 3 Ltd3.602% 01/15/20300.3%
Comision Federal de Electricidad4.875% 01/15/20240.3%
Pennsylvania Electric Co4.150% 04/15/20250.3%
LMREC 2021-CRE4 LLC3.418% 04/22/20370.3%
BX Trust 2021-RISE3.139% 11/15/20360.3%
Axalta Coating Systems US Holdings Inc4.000% 06/01/20240.3%
BX Commercial Mortgage Trust 2019-IMC3.391% 04/15/20340.3%
JP Morgan Chase Commercial Mortgage Securities Trust 2021-14404.141% 03/15/20360.3%
General Motors Financial Co Inc3.482% 11/17/20230.3%
Santander Consumer Auto Receivables Trust 2020-B1.290% 04/15/20260.3%
Credit Suisse Mortgage Capital Certificates 2019-ICE43.371% 05/15/20360.3%
ACRES Commercial Realty 2021-FL2 Ltd3.791% 01/15/20370.3%
Jackson Financial Inc5.170% 06/08/20270.3%
Kite Realty Group Trust4.000% 03/15/20250.3%
Flagship Credit Auto Trust 2022-34.060% 10/15/20250.3%
GLS Auto Receivables Issuer Trust 2021-11.200% 01/15/20270.3%
Vistra Operations Co LLC3.550% 07/15/20240.3%
Cleco Corporate Holdings LLC3.743% 05/01/20260.3%
Kommuninvest I Sverige AB3.250% 01/16/20240.3%
BX Commercial Mortgage Trust 2020-VKNG3.321% 10/15/20370.3%
MTN Commercial Mortgage Trust 2022-LPFL3.704% 03/15/20390.3%
LoanCore 2019-CRE2 Issuer Ltd4.391% 05/15/20360.3%
Amur Equipment Finance Receivables IX LLC2.300% 11/22/20270.2%
Humana Inc0.038% 05/28/20240.2%
Alcoa Nederland Holding BV5.500% 12/15/20270.2%
Freddie Mac STACR REMIC Trust 2021-HQA43.133% 12/25/20410.2%
OneMain Financial Issuance Trust 2020-22.760% 09/14/20350.2%
Rad CLO 3 Ltd4.062% 04/15/20320.2%
Pagaya AI Debt Trust 2022-12.030% 10/15/20290.2%
HF Sinclair Corp2.625% 10/01/20230.2%
Newday Funding Master Issuer PLC - Series 2021-13.380% 03/15/20290.2%
Pacific Gas and Electric Co3.150% 01/01/20260.2%
First Investors Auto Owner Trust 2021-20.480% 03/15/20270.2%
Connecticut Avenue Securities Trust 2022-R013.183% 12/25/20410.2%
Rad CLO 1 Ltd3.492% 07/15/20310.2%
Celanese US Holdings LLC5.900% 07/05/20240.2%
OneMain Direct Auto Receivables Trust 2019-13.630% 09/14/20270.2%
Continental Finance Credit Card ABS Master Trust2.240% 12/15/20280.2%
CIFC Funding 2021-I Ltd3.893% 04/25/20330.2%
HGI CRE CLO 2021-FL1 Ltd3.437% 06/16/20360.2%
Time Warner Entertainment Co LP8.375% 03/15/20230.2%
Suncor Energy Inc7.875% 06/15/20260.2%
BPCE SA4.500% 03/15/20250.2%
Hertz Vehicle Financing III LP1.680% 12/27/20270.2%
Japan Finance Organization for Municipalities1.500% 01/27/20250.2%
M&T Bank Corp3.650% 12/06/20220.2%
Fells Point Funding Trust3.046% 01/31/20270.2%
Arbor Realty Commercial Real Estate Notes 2021-FL4 Ltd3.741% 11/15/20360.2%
LoanCore 2022-CRE7 Issuer Ltd3.533% 01/17/20370.2%
Devon Energy Corp8.250% 08/01/20230.2%
BHMS 2018-ATLS4.641% 07/15/20350.2%
SLIDE 2018-FUN4.491% 06/15/20310.2%
Great Wolf Trust 2019-WOLF3.425% 12/15/20360.2%
Viterra Finance BV2.000% 04/21/20260.2%
RELX Inc6.625% 10/15/20230.2%
LFT CRE 2021-FL1 Ltd3.561% 06/15/20390.2%
Ovintiv Exploration Inc5.375% 01/01/20260.2%
Bank of New York Mellon Corp/The4.414% 07/24/20260.2%
National Fuel Gas Co5.500% 01/15/20260.2%
Pelabuhan Indonesia Persero PT4.500% 05/02/20230.2%
Saudi Electricity Global Sukuk Co 23.473% 04/08/20230.2%
Freeport-McMoRan Inc3.875% 03/15/20230.2%
NUTRITION BIOSCIENCES INC0.044% 01/17/20250.2%
Dominion Energy Inc2.359% 09/15/20230.2%
Mylan Inc3.125% 01/15/20230.2%
Marvell Technology Inc4.200% 06/22/20230.2%
Bank of Ireland Group PLC4.500% 11/25/20230.2%
Marlette Funding Trust 2020-24.650% 09/16/20300.2%
GM Financial Revolving Receivables Trust 2021-11.490% 06/12/20340.2%
Newark BSL CLO 1 Ltd3.832% 12/21/20290.2%
BDS 2021-FL10 Ltd3.457% 06/16/20360.2%
SCF Equipment Leasing 2019-2 LLC2.760% 08/20/20260.2%
SREIT Trust 2021-MFP3.122% 11/15/20380.2%
JPMorgan Chase & Co3.559% 04/23/20240.2%
SCF Equipment Leasing 2021-1 LLC0.830% 08/21/20280.2%
ME Funding LLC 2019-16.448% 07/30/20490.2%
BBCMS 2018-TALL Mortgage Trust3.113% 03/15/20370.2%
Fontainebleau Miami Beach Trust 2019-FBLU3.144% 12/10/20360.2%
Life 2021-BMR Mortgage Trust3.091% 03/15/20380.2%
Truist Financial Corp4.260% 07/28/20260.2%
Standard Chartered PLC0.991% 01/12/20250.2%
JPMorgan Chase & Co3.198% 02/24/20260.2%
Houston Galleria Mall Trust 2015-HGLR3.087% 03/05/20370.2%
CSMC 2021-BHAR3.541% 11/15/20380.2%
Mountain View CLO 2017-1 LLC3.830% 10/16/20290.2%
Barclays Bank PLC7.625% 11/21/20220.2%
Upstart Securitization Trust 2021-20.910% 06/20/20310.2%
BPCE SA5.150% 07/21/20240.2%
Jersey Central Power & Light Co4.700% 04/01/20240.2%
Seminole Tribe of Florida Inc4.274% 07/08/20240.2%
Edison International3.125% 11/15/20220.2%
Carvana Auto Receivables Trust 2022-P24.680% 02/10/20280.2%
Arbor Realty Commercial Real Estate Notes 2021-FL3 Ltd3.461% 08/15/20340.2%
Greystone CRE Notes 2021-FL3 Ltd3.411% 07/15/20390.2%
Macquarie Group Ltd4.063% 11/28/20230.2%
GLS Auto Receivables Issuer Trust 2021-30.780% 11/17/20250.2%
Atrium Hotel Portfolio Trust 2018-ATRM3.341% 06/15/20350.2%
HONO 2021-LULU Mortgage Trust3.541% 10/15/20360.2%
CSMC 2021-ADV3.791% 07/15/20380.2%
ACREC 2021-FL1 Ltd3.537% 10/16/20360.2%
Western Midstream Operating LP3.555% 01/13/20230.2%
Dell Equipment Finance Trust 2021-20.940% 12/22/20260.2%
Dell Equipment Finance Trust 2021-20.810% 12/22/20260.2%
BXHPP Trust 2021-FILM3.291% 08/15/20360.2%
Dell Equipment Finance Trust 2021-21.210% 06/22/20270.2%
GLS Auto Receivables Issuer Trust 2021-31.110% 09/15/20260.2%
Octane Receivables Trust 2021-10.930% 03/22/20270.2%
Mitsubishi UFJ Financial Group Inc4.788% 07/18/20250.2%
Microchip Technology Inc0.972% 02/15/20240.2%
Progress Residential 2021-SFR8 Trust1.681% 10/17/20380.2%
GS Mortgage Securities Trust 2016-GS23.050% 05/10/20490.2%
Centrica PLC4.000% 10/16/20230.2%
Navient Private Education Refi Loan Trust 2022-A2.230% 07/15/20700.2%
POSCO2.375% 11/12/20220.2%
Microchip Technology Inc2.670% 09/01/20230.2%
Dryden 53 CLO Ltd3.632% 01/15/20310.2%
Citizens Bank NA/Providence RI4.575% 08/09/20280.2%
World Omni Automobile Lease Securitization Trust 2022-A3.210% 02/18/20250.2%
TICP CLO XIV Ltd3.790% 10/20/20320.2%
GLS Auto Receivables Issuer Trust 2021-10.820% 04/15/20250.2%
OGE Energy Corp0.703% 05/26/20230.2%
Avolon Holdings Funding Ltd5.500% 01/15/20260.2%
BX Commercial Mortgage Trust 2019-IMC3.691% 04/15/20340.2%
AES Corp/The3.300% 07/15/20250.2%
GS Mortgage Securities Corp Trust 2019-SMP3.541% 08/15/20320.2%
Hyundai Capital America1.000% 09/17/20240.1%
DBWF 2018-GLKS Mortgage Trust3.396% 12/19/20300.1%
JPMorgan Chase & Co3.845% 06/14/20250.1%
BSPRT 2021-FL7 Issuer Ltd3.711% 12/15/20380.1%
Tampa Electric Co3.875% 07/12/20240.1%
Carvana Auto Receivables Trust 2020-P11.320% 11/09/20260.1%
VeriSign Inc4.750% 07/15/20270.1%
Bank of America Corp3.384% 04/02/20260.1%
Glencore Funding LLC4.125% 05/30/20230.1%
J.P. Morgan Chase Commercial Mortgage Securities Trust 2019-ICON3.884% 01/05/20340.1%
COMM 2012-CCRE1 Mortgage Trust4.612% 05/15/20450.1%
NextEra Energy Capital Holdings Inc2.684% 11/03/20230.1%
CIM Retail Portfolio Trust 2021-RETL6.141% 08/15/20360.1%
GLP Capital LP / GLP Financing II Inc5.250% 06/01/20250.1%
KREF 2021-FL2 Ltd3.461% 02/15/20390.1%
Octane Receivables Trust 2022-14.180% 03/20/20280.1%
Tengizchevroil Finance Co International Ltd2.625% 08/15/20250.1%
Macquarie Group Ltd5.108% 08/09/20260.1%
Atrium Hotel Portfolio Trust 2017-ATRM3.321% 12/15/20360.1%
Bank of Montreal2.071% 12/08/20230.1%
KREF 2021-FL2 Ltd3.691% 02/15/20390.1%
Parsley Energy LLC / Parsley Finance Corp5.625% 10/15/20270.1%
Toronto-Dominion Bank/The3.766% 06/06/20250.1%
Wells Fargo & Co4.540% 08/15/20260.1%
GS Mortgage Securities Trust 2013-GCJ144.243% 08/10/20460.1%
GLP Capital LP / GLP Financing II Inc3.350% 09/01/20240.1%
Energy Transfer LP3.600% 02/01/20230.1%
Goldman Sachs Group Inc/The2.851% 01/24/20250.1%
OneMain Direct Auto Receivables Trust 2021-10.870% 07/14/20280.1%
Canadian Imperial Bank of Commerce3.945% 08/04/20250.1%
American Express Co3.950% 08/01/20250.1%
BBCMS 2018-TALL Mortgage Trust3.512% 03/15/20370.1%
Societe Generale SA2.226% 01/21/20260.1%
SFO Commercial Mortgage Trust 2021-5553.541% 05/15/20380.1%
BDS 2021-FL83.297% 01/18/20360.1%
Aircastle Ltd5.250% 08/11/20250.1%
Irvine Core Office Trust 2013-IRV3.279% 05/15/20480.1%
OneMain Financial Issuance Trust 2018-23.570% 03/14/20330.1%
Arbor Realty Commercial Real Estate Notes 2021-FL2 Ltd3.491% 05/15/20360.1%
OneMain Direct Auto Receivables Trust 2021-11.260% 07/14/20280.1%
JP Morgan Chase Commercial Mortgage Securities Trust 2020-ACE3.287% 01/10/20370.1%
Great Wolf Trust 2019-WOLF3.725% 12/15/20360.1%
COMM 2015-DC1 Mortgage Trust3.078% 02/10/20480.1%
Regatta Funding LP 2013-2A3.362% 01/15/20290.1%
MF1 2021-FL7 Ltd3.837% 10/16/20360.1%
Rad CLO 2 Ltd3.592% 10/15/20310.1%
Citigroup Commercial Mortgage Trust 2013-375P3.635% 05/10/20350.1%
WFLD 2014-MONT Mortgage Trust3.880% 08/10/20310.1%
Avolon Holdings Funding Ltd5.125% 10/01/20230.1%
GS Mortgage Securities Corp Trust 2021-ROSS3.541% 05/15/20260.1%
Saudi Government International Bond2.875% 03/04/20230.1%
Huntington National Bank/The4.008% 05/16/20250.1%
KeyBank NA/Cleveland OH4.150% 08/08/20250.1%
KKR CLO 29 Ltd3.712% 01/15/20320.1%
BlueMountain Fuji US Clo I Ltd3.690% 07/20/20290.1%
CARLYLE US CLO 2017-3 Ltd3.610% 07/20/20290.1%
Octagon Investment Partners XIV Ltd3.462% 07/15/20290.1%
SOUND POINT CLO III-R LTD3.962% 04/15/20290.1%
Svenska Handelsbanken AB3.650% 06/10/20250.1%
Magnetite Xxix Ltd3.502% 01/15/20340.1%
Apidos CLO XXIV3.660% 10/20/20300.1%
Hertz Vehicle Financing LLC1.210% 12/26/20250.1%
Dryden XXVI Senior Loan Fund3.412% 04/15/20290.1%
Bank of Montreal3.700% 06/07/20250.1%
NatWest Markets PLC3.479% 03/22/20250.1%
Madison Park Funding XI Ltd3.683% 07/23/20290.1%
UBS-Barclays Commercial Mortgage Trust 2013-C63.244% 04/10/20460.1%
Standard Chartered PLC5.200% 01/26/20240.1%
CSMC 2021-NQM71.756% 10/25/20660.1%
BBCMS Mortgage Trust 2020-C72.021% 04/15/20530.1%
Aircastle Ltd4.400% 09/25/20230.1%
Continental Resources Inc/OK4.500% 04/15/20230.1%
SLIDE 2018-FUN3.541% 06/15/20310.1%
MF1 2021-FL7 Ltd3.467% 10/16/20360.1%
Oracle Corp2.500% 04/01/20250.1%
Aqua Finance Trust 2021-A1.540% 07/17/20460.1%
Citigroup Inc4.140% 05/24/20250.1%
Navient Private Education Refi Loan Trust 2020-F1.220% 07/15/20690.1%
LCM XXII Ltd3.870% 10/20/20280.1%
J.P. Morgan Chase Commercial Mortgage Securities Trust 2018-AON4.128% 07/05/20310.1%
GS Mortgage Securities Trust 2015-GC343.506% 10/10/20480.1%
Citigroup Commercial Mortgage Trust 2016-GC373.314% 04/10/20490.1%
BAMLL Commercial Mortgage Securities Trust 2013-WBRK3.652% 03/10/20370.1%
American Tower Corp3.650% 03/15/20270.1%
Devon Energy Corp5.250% 09/15/20240.1%
Hyatt Hotels Corp1.800% 10/01/20240.1%
Citigroup Inc4.044% 06/01/20240.1%
Anglo American Capital PLC4.125% 09/27/20220.1%
DTE Energy Co0.000% 11/01/20240.1%
UBS Group AG4.488% 05/12/20260.1%
Benchmark 2021-B23 Mortgage Trust1.620% 02/15/20540.1%
BPCE SA4.875% 04/01/20260.1%
Danske Bank A/S1.171% 12/08/20230.1%
NextEra Energy Capital Holdings Inc4.450% 06/20/20250.1%
BDS 2020-FL5 LTD3.172% 02/16/20370.1%
PVH Corp7.750% 11/15/20230.1%
Nordea Bank Abp3.600% 06/06/20250.1%
Viterra Finance BV4.900% 04/21/20270.1%
Imperial Brands Finance PLC3.125% 07/26/20240.1%
WAIKIKI BEACH HOTEL TRUST 2019-WBM4.421% 12/15/20330.1%
Aircastle Ltd5.000% 04/01/20230.1%
Park Aerospace Holdings Ltd4.500% 03/15/20230.1%
Standard Chartered PLC1.214% 03/23/20250.1%
Pagaya AI Debt Selection Trust 2021-11.180% 11/15/20270.1%
GS Mortgage Securities Corp Trust 2019-SMP3.891% 08/15/20320.1%
Citigroup Inc3.352% 04/24/20250.1%
Glencore Funding LLC3.000% 10/27/20220.1%
Galaxy XIX CLO Ltd3.733% 07/24/20300.1%
General Motors Financial Co Inc3.700% 05/09/20230.1%
Dell International LLC / EMC Corp5.450% 06/15/20230.1%
Drive Auto Receivables Trust 2018-54.300% 04/15/20260.1%
MVW Owner Trust 2017-12.420% 12/20/20340.1%
Bank of America Corp3.550% 03/05/20240.1%
NextEra Energy Capital Holdings Inc4.200% 06/20/20240.1%
BX Commercial Mortgage Trust 2019-XL3.311% 10/15/20360.1%
Goldman Sachs Group Inc/The2.640% 02/24/20280.1%
Take-Two Interactive Software Inc3.300% 03/28/20240.1%
Angel Oak Mortgage Trust 2021-71.978% 10/25/20660.1%
Drive Auto Receivables Trust 2019-14.090% 06/15/20260.1%
Parker-Hannifin Corp3.650% 06/15/20240.1%
Jackson National Life Global Funding1.750% 01/12/20250.1%
HPLY Trust 2019-HIT3.391% 11/15/20360.1%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust1.750% 10/29/20240.1%
WFRBS Commercial Mortgage Trust 2014-C203.995% 05/15/20470.1%
GA Global Funding Trust0.800% 09/13/20240.1%
Centene Corp4.250% 12/15/20270.1%
Carmax Auto Owner Trust 2020-12.640% 07/15/20260.0%
ONE Gas Inc1.100% 03/11/20240.0%
Bank of America Corp1.530% 12/06/20250.0%
COMM 2014-UBS3 Mortgage Trust3.819% 06/10/20470.0%
Verus Securitization Trust 2020-51.218% 05/25/20650.0%
Fidelity National Information Services Inc4.500% 07/15/20250.0%
GS Mortgage Securities Corp II3.007% 12/10/20300.0%
Aviation Capital Group LLC3.875% 05/01/20230.0%
Amur Equipment Finance Receivables VII LLC3.090% 03/20/20250.0%
HGI CRE CLO 2021-FL1 Ltd3.787% 06/16/20360.0%
Citigroup Commercial Mortgage Trust 2016-GC363.616% 02/10/20490.0%
HGI CRE CLO 2021-FL1 Ltd3.987% 06/16/20360.0%
MSBAM Commercial Mortgage Securities Trust 2012-CKSV3.277% 10/15/20300.0%
Avid Automobile Receivables Trust 2019-12.820% 07/15/20260.0%
CSMC 2020-NQM1 Trust1.208% 05/25/20650.0%
VMC Finance 2019-FL3 LLC3.491% 09/15/20360.0%
Eversource Energy4.200% 06/27/20240.0%
Westinghouse Air Brake Technologies Corp4.400% 03/15/20240.0%
WFRBS Commercial Mortgage Trust 2014-C194.101% 03/15/20470.0%
State of Illinois4.950% 06/01/20230.0%
Angel Oak Mortgage Trust 2020-61.261% 05/25/20650.0%
Ammc Clo 19 Ltd3.880% 10/16/20280.0%
Drive Auto Receivables Trust 2018-44.090% 01/15/20260.0%
Massachusetts Educational Financing Authority3.733% 04/25/20380.0%
Oracle Corp2.650% 07/15/20260.0%
Westlake Automobile Receivables Trust 2019-32.490% 10/15/20240.0%
Diamond Resorts Owner Trust 2018-14.190% 01/21/20310.0%
Verus Securitization Trust 2020-41.502% 05/25/20650.0%
Cantor Commercial Real Estate Lending 2019-CF14.411% 05/15/20520.0%
J.P. Morgan Chase Commercial Mortgage SecuritiesTrust 2018-MINN3.661% 11/15/20350.0%
Pentair Finance Sarl3.150% 09/15/20220.0%
GCAT 2020-NQM2 Trust1.555% 04/25/20650.0%
Wells Fargo Commercial Mortgage Trust 2015-C263.580% 02/15/20480.0%
Vista Point Securitization Trust 2020-21.475% 04/25/20650.0%
Natixis Commercial Mortgage Securities Trust 2018-285M3.917% 11/15/20320.0%
Morgan Stanley Bank of America Merrill Lynch Trust 2013-C72.918% 02/15/20460.0%
HMH Trust 2017-NSS3.787% 07/05/20310.0%
Verus Securitization Trust 2020-INV11.977% 03/25/20600.0%
Ellington Financial Mortgage Trust 2020-12.006% 05/25/20650.0%
MSCG Trust 2015-ALDR2.612% 06/07/20350.0%
Towd Point Asset Trust 2018-SL13.044% 01/25/20460.0%
JP Morgan Chase Commercial Mortgage Securities Trust 2018-WPT4.248% 07/05/20330.0%
COMM 2014-UBS6 Mortgage Trust3.644% 12/10/20470.0%
JP Morgan Chase Commercial Mortgage Securities Trust 2018-WPT4.950% 07/05/20330.0%
JP Morgan Chase Commercial Mortgage Securities Trust 2018-WPT4.276% 07/05/20330.0%
J.P. Morgan Chase Commercial Mortgage SecuritiesTrust 2018-MINN3.991% 11/15/20350.0%
J.P. Morgan Chase Commercial Mortgage SecuritiesTrust 2018-MINN4.341% 11/15/20350.0%
JP Morgan Chase Commercial Mortgage Securities Trust 2018-WPT4.549% 07/05/20330.0%
JP Morgan Chase Commercial Mortgage Securities Trust 2018-WPT3.576% 07/05/20330.0%
COMM 2015-PC1 Mortgage Trust4.435% 07/10/20500.0%
Drive Auto Receivables Trust 2019-42.510% 11/17/20250.0%
Government National Mortgage Association3.000% 01/16/20480.0%
Citigroup Commercial Mortgage Trust 2018-B23.788% 03/10/20510.0%
Interest Rate Swap0.031% 02/28/20270.0%
Citigroup Commercial Mortgage Trust 2015-GC272.944% 02/10/20480.0%
CPS Auto Receivables Trust 2018-B4.260% 03/15/20240.0%
J.P. Morgan Chase Commercial Mortgage Securities Trust 2017-FL114.531% 10/15/20320.0%
WFRBS Commercial Mortgage Trust 2012-C74.749% 06/15/20450.0%
Arivo Acceptance Auto Loan Receivables Trust 2019-12.990% 07/15/20240.0%
Avolon TLB Borrower 1 US LLC0.000% 12/01/20270.0%
US 5YR NOTE (CBT) Dec220.000% 01/05/20230.0%
US 2YR NOTE (CBT) Dec220.000% 01/05/20230.0%

Dividends & Cap Gains

Dividends & Cap Gains

DIVIDEND PAYMENTS

DIVIDEND PAYMENTS

For
YTD Dividends Paidas of 10/06/2022
$0.176
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 09/30/2022 $0.02564 $9.10
Daily Daily 08/31/2022 $0.02452 $9.25
Daily Daily 07/31/2022 $0.02122 $9.33
Daily Daily 06/30/2022 $0.02032 $9.28
Daily Daily 05/31/2022 $0.01970 $9.38
Daily Daily 04/30/2022 $0.01859 $9.39
Daily Daily 03/31/2022 $0.01676 $9.47
Daily Daily 02/28/2022 $0.01567 $9.60
Daily Daily 01/31/2022 $0.01407 $9.68

Upcoming Dividend Payment Dates

This section lists all anticipated income and Capital Gain distribution dates and any actual distributions are subject to adequacy of earnings and must be approved by the Board of Directors/Trustees. Please note that dates are subject to change.

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 10/31/2022
Daily Daily 11/30/2022
Daily Daily 12/31/2022

Fees & Expenses

Fees & Expenses

Sales Charge Schedule as of 10/06/2022

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $100,000 2.25% 2.00% $9.32
$100,000 to $249,999 1.75% 1.50% $9.27
$250,000 to $499,999 1.25% 1.00% $9.23
$500,000 to $999,999 0.00% 1.00% $9.11
$1,000,000 to $5,000,000 0.00% 1.00% $9.11

The 12b-1 trail commission is 0.15% (accrues immediately) for all fixed-income and municipal income funds.

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 09/30/2022

Expense ratio details, Click here.

Fund Documents

Fund Documents

Download fund documents & literature, create email subscriptions, and place direct mail order

0Documents selected
Order
n/a
Portfolio Holdings 1Q
Publish Date:11/03/2015
n/a
Portfolio Holdings 3Q
Publish Date:11/03/2015
Summary Prospectus
Publish Date:11/03/2015
n/a
Statutory Prospectus
Publish Date:11/03/2015
SAI
Publish Date:11/03/2015
Annual Report
Publish Date:11/03/2015
Semi-Annual Report
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015

To order literature visit full website

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

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

 
 Quantity
Quantity
 Remove
Remove

*"Barron's Best Fund Families of 2021", #4 ranking in the Taxable Bond category based on the net total return of the one-year period ending 12/31/2021, among 51 qualifying fund families. Ranking for the ten-year period ending 12/31/2021 is #2 out of 45 qualifying fund families.

Source: Barron’s, “Barron’s Best Fund Families of 2021,” February 18, 2022. Barron’s rankings are based on asset weighted returns in funds in five categories: general equity, world equity (including international and global portfolios), mixed asset (which invest in stocks, bonds and other securities), taxable bond, and tax-exempt (each a "Barron's ranking category"). Rankings also take into account an individual fund's performance within its Lipper peer universe. Lipper calculated each fund's net total return for the year ended December 31, 2021, minus the effects of 12b-1 fees and sales charges. Each fund in the survey was given a percentile ranking with 100 the highest and 1 the lowest in its category. That ranking measured how a fund compared with its peer "universe," as tracked by Lipper, not just the funds in the survey. Individual fund scores were then multiplied by the 2020 weighting of their Barron's ranking category as determined by the entire Lipper universe of funds. Those fund scores were then totaled, creating an overall score and ranking for each fund family in the survey in each Barron's ranking category. The process is repeated for the five- and ten-year rankings as well.

Barron's Fund Family Rankings are awarded annually.

To qualify for the ranking, firms must offer at least three active mutual funds or actively run ETFs in Lipper’s general U.S. stock category; one in world equity; and one mixed asset, such as a balanced or allocation fund. They also need to offer at least two taxable bond funds and one national tax-exempt bond fund. All funds must have a track record of at least one year. While the ranking excludes index funds, it does include actively managed ETFs and “smart beta” ETFs, which are run passively but built on active investment strategies.

© Refinitiv Lipper 2022. All Rights Reserved. Refinitiv, an LSEG (London Stock Exchange Group) business, is one of the world’s largest providers of financial markets data and infrastructure. Lipper provides global, independent fund performance data. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper.

+

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

12-Month Dividend Yield is a financial ratio that shows how much a mutual fund pays out in dividends each year relative to its value with maximum sales charges and without sales charges. The fund’s dividend yield is calculated by dividing the fund’s income distributions over the previous year by the fund’s current value with maximum sales charges and without sales charges.

 

2

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

 

3

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

 

4

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

 

 

IMPORTANT INFORMATION

 

New Fund Risk: The Fund is newly organized. There can be no assurance that the Fund will reach or maintain a sufficient asset size to effectively implement its investment strategy. Diversification does not guarantee a profit or protect against loss in declining markets.

A Note about Risk: The Fund is subject to the general risks associated with investing in debt securities, including market, credit, liquidity, and interest rate risk. The value of an investment will change as interest rates fluctuate and in response to market movements. When interest rates fall, the prices of debt securities tend to rise, and when interest rates rise, the prices of debt securities are likely to decline. Debt securities are subject to credit risk, which is the risk that the issuer will fail to make timely payments of interest and principal to the Fund. The Fund may invest in high yield, lower-rated debt securities, sometimes called junk bonds and may involve greater risks than higher rated debt securities. These securities carry increased risks of price volatility, illiquidity, and the possibility of default in the timely payment of interest and principal. The Fund may invest in foreign or emerging market securities, which may be adversely affected by economic, political, or regulatory factors and subject to currency volatility and greater liquidity risk. The Fund may invest in derivatives, which are subject to greater liquidity, leverage, and counterparty risk. These factors can affect Fund performance. Past performance is no guarantee of future results.

 

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.   

 

The Bloomberg U.S. 1 to 3 Year Government/Credit Index is an unmanaged index that is designed to represent a combination of the Government Bond Index and the Corporate Bond Index, and includes U.S. government Treasury and agency securities, corporate bonds, and Yankee bonds with maturities of 1 to 3 years.

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.

 

Select funds to run a Morningstar Hypothetical Report.

    Please confirm your literature shipping address

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

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

    Current Literature Shipping Address

    * Required field