LSYNX | Short Duration High Yield Fund Class F3 | Lord Abbett

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Short Duration High Yield Fund

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Daily price w/o sales charge as of 12/01/2023

$9.68

arrowUp$0.02

YTD Returns w/o sales charge as of 12/01/2023

9.51%

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Summary

Summary

What is the Short Duration High Yield Fund?

The Fund’s investment objective is to seek a high current income and the opportunity for capital appreciation to produce a high total return.

Yield

Average Yield to Maturity as of 10/31/2023

9.44%

30-Day Standardized Yield 1 as of 10/31/2023  

8.69%

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

Fund Basicsas of 10/31/2023

Total Net Assets
$1.77 B
Inception Date
05/01/2020
Dividend Frequency
Monthly
Fund Gross Expense Ratio
0.56%
Fund Net Expense Ratio
0.36%
Number of Holdings
667

Fund Expense Ratio :

Gross 0.56%

Net 0.36%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/30/2020
w/o sales charge 9.26% 8.88% 3.51% - - 6.34%
Lipper Category Avg. Short High Yield Funds - - - - - -
ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD Index 8.65% 8.14% 2.99% - - 5.83%
w/ sales charge 9.26% 8.88% 3.51% - - 6.34%

Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.

Fund Expense Ratio :

Gross 0.56%

Net 0.36%

Fund Expense Ratio :

Gross 0.56%

Net 0.36%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/30/2020
w/o sales charge 6.29% 10.35% 3.86% - - 5.80%
Lipper Category Avg. Short High Yield Funds 5.54% 8.69% 3.05% - - -
ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD Index 5.66% 9.63% 3.17% - - 5.26%

Fund Expense Ratio :

Gross 0.56%

Net 0.36%

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.

INVESTMENT TEAM

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Co-Head of Taxable Fixed Income

22 Years of Industry Experience

Christopher Gizzo
Christopher Gizzo, CFA

Partner, Deputy Director of Leveraged Credit

15 Years of Industry Experience

Karen J. Gunnerson
Karen J. Gunnerson

Portfolio Manager

13 Years of Industry Experience

Supported By 79 Investment Professionals with 17 Years Avg. Industry Experience

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Performance

Performance

Average Yield to Maturity as of 10/31/2023

9.44%

30-Day Standardized Yield 1 as of 10/31/2023  

  Subsidized2 Un-Subsidized3
w/o sales charge 8.69% 8.69%

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

Fund Expense Ratio :

Gross 0.56%

Net 0.36%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/30/2020
w/o sales charge 9.26% 8.88% 3.51% - - 6.34%
Lipper Category Avg. Short High Yield Funds - - - - - -
ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD Index 8.65% 8.14% 2.99% - - 5.83%
w/ sales charge 9.26% 8.88% 3.51% - - 6.34%

Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.

Fund Expense Ratio :

Gross 0.56%

Net 0.36%

Fund Expense Ratio :

Gross 0.56%

Net 0.36%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/30/2020
w/o sales charge 6.29% 10.35% 3.86% - - 5.80%
Lipper Category Avg. Short High Yield Funds 5.54% 8.69% 3.05% - - -
ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD Index 5.66% 9.63% 3.17% - - 5.26%

Fund Expense Ratio :

Gross 0.56%

Net 0.36%

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 ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD Index
2022 -5.54% -5.39%
2021 5.83% 4.87%
2020 14.11% 3.85%
Year Q1 Q2 Q3 Q4 Yearly Returns
2023 2.72% 2.13% 1.32% - 9.51%
2022 -2.05% -7.62% 0.54% 3.82% -5.54%
2021 2.02% 2.08% 0.78% 0.83% 5.83%
2020 - - 4.08% 5.42% 14.11%

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

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Rating Assets
High Yield Corporate
Bank Loans
Investment Grade Corporate
MBS
CLO
ABS
Sovereign
CMBS
Other
Cash

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

Rating Assets
Less than 1 year
1-3 years
3-5 years
5-7 years
7-10 years
Greater than 10 years

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

Credit Quality Distribution as of 10/31/2023

Rating Assets
Agency
AAA
AA
A
BBB
BB
B
CCC
<CCC
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 Positioningas of 9/30/2023

  • The Fund continued to focus on investing in securities with higher carry. High yield spreads have grinded tighter throughout the year, finishing slightly above 400 bps in September, which has helped offset the effects of rising bond yields in the asset class. However, with declining recessionary concerns helping to compress spreads to relatively tight levels, our primary focus has shifted towards identifying higher carry opportunities within the high yield universe. We continue to see value in the new issue high yield market as a strong source of carry given higher coupons and continue to actively participate in select primary issues. We increased the Fund’s Single-B credit exposure, which we view as offering attractive yields as macroeconomic data in the U.S. has been mostly positive, as well as added more opportunistically to select CCC securities. We used positions in BBs as a source of funds for these trades, targeting bonds with low coupons and relatively tight valuations.
  • We remain constructive on the Energy and Basic Industry sectors. We continue to view Energy as a much more defensive sector than in prior periods given healthy balance sheets, reduced capital spending, and an increased focus on free cash flow. Within Basic Industry, we continue to be constructive in the Metals/Mining, Chemicals, and Steel subsectors due to relatively resilient commodity prices. We believe these issuers have better upside potential given the recent outperformance of cyclical parts of the high yield space. While the Fund maintained an underweight in sectors like Media, we selectively covered this underweight as performance improved, and recession outlooks moderated.
  • The Fund maintained a modest allocation to out-of-index sectors. While the Fund primarily invests in high yield securities, the Fund has the flexibility to opportunistically invest in bank loans and other off benchmark sectors that we believe can offer attractive risk-reward opportunities, potential portfolio diversification benefits, and avenues for liquidity. Given the team’s focus on carry, the Fund maintained an allocation to bank loans, an asset class we view as an attractive source of income coupled with limited duration.
  • We believe that high yield bonds continue to provide investors an opportunity to capture attractive carry despite the continued rise in interest rates and their potential effects on credit metrics. High yield bonds have performed well throughout 2023, and we maintain a broadly constructive outlook on the asset class due to several reasons. U.S. high yield issuers overall continue to boast much stronger balance sheets in aggregate than at the start of prior slowdowns. For example, leverage is close to its lowest level in the post financial crisis period, and interest coverage metrics are only slightly below record highs. This high yield index also remains around its highest quality in recent years, with almost 50% of the index rated BB. The asset class also has meaningful runway with respect to maturities with only 13% of the market set to mature through 2025, with issuers having reduced this amount relative to start of year levels through proactive refinancing. Additionally, starting yields for the high yield index are well above 8%, which has historically translated into strong forward returns across market environments. While we continue to monitor for signs of rising credit stress in the sector, resiliency, economic momentum, and the credit trends noted above leave us comfortable with our current exposures across the ratings spectrum.

PORTFOLIO DETAILS as of 10/31/2023

Total Net Assets
$1.77 B
Average Effective Duration
2.3 Years
Average Maturity
3.87 Years
Number of Issues
667
Average Yield to Maturity
9.44%

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 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.

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
Ford Motor Credit Co LLC 7.350% 11/04/2027 0.8%
Carnival Corp 5.750% 03/01/2027 0.8%
CCO Holdings LLC / CCO Holdings Capital Corp 6.375% 09/01/2029 0.8%
CCO Holdings LLC / CCO Holdings Capital Corp 5.125% 05/01/2027 0.7%
Carnival Corp 7.625% 03/01/2026 0.7%
Vital Energy Inc 10.125% 01/15/2028 0.6%
Royal Caribbean Cruises Ltd 11.625% 08/15/2027 0.6%
Civitas Resources Inc 8.375% 07/01/2028 0.6%
OneMain Finance Corp 7.125% 03/15/2026 0.5%
Xerox Holdings Corp 5.000% 08/15/2025 0.5%
% of Total Assets 6.6%
Holding Coupon Maturity Assets
Ford Motor Credit Co LLC7.350% 11/04/20270.8%
Carnival Corp5.750% 03/01/20270.8%
CCO Holdings LLC / CCO Holdings Capital Corp6.375% 09/01/20290.8%
CCO Holdings LLC / CCO Holdings Capital Corp5.125% 05/01/20270.7%
Carnival Corp7.625% 03/01/20260.7%
Vital Energy Inc10.125% 01/15/20280.6%
Royal Caribbean Cruises Ltd11.625% 08/15/20270.6%
Civitas Resources Inc8.375% 07/01/20280.6%
OneMain Finance Corp7.125% 03/15/20260.5%
Xerox Holdings Corp5.000% 08/15/20250.5%
15-YR UMBS-TBA PROD DEC6.000% 05/01/20380.5%
Mauser Packaging Solutions Holding Co7.875% 08/15/20260.5%
DISH Network Corp11.750% 11/15/20270.5%
30-YR GNMA II-TBA PROD DEC6.500% 10/01/20520.5%
30-YR UMBS-TBA PROD DEC6.500% 09/01/20530.5%
30-YR GNMA II-TBA PROD DEC7.000% 11/01/20520.5%
30-YR UMBS-TBA PROD DEC7.000% 07/01/20530.5%
Viasat Inc5.625% 09/15/20250.5%
Crescent Energy Finance LLC9.250% 02/15/20280.5%
Matador Resources Co5.875% 09/15/20260.5%
Caesars Entertainment Inc6.250% 07/01/20250.5%
Univision Communications Inc8.000% 08/15/20280.5%
Comstock Resources Inc6.750% 03/01/20290.5%
Baytex Energy Corp8.750% 04/01/20270.5%
Venture Global LNG Inc8.125% 06/01/20280.5%
Hilcorp Energy I LP / Hilcorp Finance Co6.250% 11/01/20280.5%
Berry Petroleum Co LLC7.000% 02/15/20260.5%
Allied Universal Holdco LLC / Allied Universal Finance Corp6.625% 07/15/20260.5%
Cinemark USA Inc5.875% 03/15/20260.4%
Calpine Corp5.125% 03/15/20280.4%
Caesars Entertainment Inc8.125% 07/01/20270.4%
Vermilion Energy Inc5.625% 03/15/20250.4%
Sirius XM Radio Inc5.000% 08/01/20270.4%
JB Poindexter & Co Inc7.125% 04/15/20260.4%
Tenet Healthcare Corp6.125% 10/01/20280.4%
Earthstone Energy Holdings LLC8.000% 04/15/20270.4%
W&T Offshore Inc11.750% 02/01/20260.4%
Aethon United BR LP / Aethon United Finance Corp8.250% 02/15/20260.4%
Outfront Media Capital LLC / Outfront Media Capital Corp6.250% 06/15/20250.4%
EquipmentShare.com Inc9.000% 05/15/20280.4%
Nexstar Media Inc5.625% 07/15/20270.4%
TEGNA Inc4.625% 03/15/20280.4%
Shelf Drilling Holdings Ltd9.625% 04/15/20290.4%
Sitio Royalties Operating Partnership LP / Sitio Finance Corp7.875% 11/01/20280.4%
Bombardier Inc7.875% 04/15/20270.4%
Vistra Corp7.000% 06/15/21720.4%
Air Canada3.875% 08/15/20260.4%
CHS/Community Health Systems Inc8.000% 03/15/20260.4%
Ford Credit Canada Co7.375% 05/12/20260.4%
Tenet Healthcare Corp6.250% 02/01/20270.4%
PetSmart Inc / PetSmart Finance Corp7.750% 02/15/20290.3%
Allied Universal Holdco LLC / Allied Universal Finance Corp9.750% 07/15/20270.3%
American Airlines Inc11.750% 07/15/20250.3%
Vistra Operations Co LLC5.625% 02/15/20270.3%
CSC Holdings LLC11.250% 05/15/20280.3%
Iron Mountain Inc4.875% 09/15/20270.3%
Royal Caribbean Cruises Ltd4.250% 07/01/20260.3%
Ascent Resources Utica Holdings LLC / ARU Finance Corp7.000% 11/01/20260.3%
Veritas US Inc / Veritas Bermuda Ltd7.500% 09/01/20250.3%
PennyMac Financial Services Inc5.375% 10/15/20250.3%
Cloud Software Group Inc6.500% 03/31/20290.3%
JPMorgan Chase & Co4.000% 10/01/21720.3%
Gray Television Inc7.000% 05/15/20270.3%
SM Energy Co6.625% 01/15/20270.3%
Global Aircraft Leasing Co Ltd6.500% 09/15/20240.3%
Bausch & Lomb Escrow Corp8.375% 10/01/20280.3%
Ford Motor Credit Co LLC3.375% 11/13/20250.3%
CCM Merger Inc6.375% 05/01/20260.3%
Life Time Inc5.750% 01/15/20260.3%
Smyrna Ready Mix Concrete LLC6.000% 11/01/20280.3%
TransDigm Inc5.500% 11/15/20270.3%
American Airlines Inc7.250% 02/15/20280.3%
Inter Media and Communication SpA6.750% 02/09/20270.3%
Avolon Holdings Funding Ltd5.500% 01/15/20260.3%
Baffinland Iron Mines Corp / Baffinland Iron Mines LP8.750% 07/15/20260.3%
Sotheby's7.375% 10/15/20270.3%
CNX Resources Corp7.250% 03/14/20270.3%
Frontier Communications Holdings LLC5.000% 05/01/20280.3%
Service Properties Trust4.350% 10/01/20240.3%
Legacy LifePoint Health LLC4.375% 02/15/20270.3%
Petroleos Mexicanos6.490% 01/23/20270.3%
WASH Multifamily Acquisition Inc5.750% 04/15/20260.3%
LCPR Senior Secured Financing DAC6.750% 10/15/20270.3%
Bain Capital Credit CLO 2023-3 Ltd10.648% 07/24/20360.3%
Select Medical Corp6.250% 08/15/20260.3%
Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp6.000% 03/01/20270.3%
HAT Holdings I LLC / HAT Holdings II LLC6.000% 04/15/20250.3%
American Axle & Manufacturing Inc6.500% 04/01/20270.3%
Nine Energy Service Inc13.000% 02/01/20280.3%
Standard Industries Inc/NJ5.000% 02/15/20270.3%
Navient Corp6.750% 06/15/20260.3%
NextEra Energy Operating Partners LP4.500% 09/15/20270.3%
Alta Equipment Group Inc5.625% 04/15/20260.3%
Directv Financing LLC / Directv Financing Co-Obligor Inc5.875% 08/15/20270.3%
EQM Midstream Partners LP7.500% 06/01/20270.3%
Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer6.750% 04/15/20280.3%
Osaic Holdings Inc10.750% 08/01/20270.3%
NMG Holding Co Inc / Neiman Marcus Group LLC7.125% 04/01/20260.3%
Gulfport Energy Corp8.000% 05/17/20260.3%
Hudbay Minerals Inc4.500% 04/01/20260.3%
KLX Energy Services Holdings Inc11.500% 11/01/20250.3%
Nordstrom Inc4.000% 03/15/20270.3%
Lumen Technologies Inc4.000% 02/15/20270.3%
SM Energy Co6.750% 09/15/20260.3%
United Airlines Inc4.375% 04/15/20260.3%
Jaguar Land Rover Automotive PLC5.875% 01/15/20280.3%
Calderys Financing LLC11.250% 06/01/20280.3%
Lindblad Expeditions LLC6.750% 02/15/20270.3%
NRG Energy Inc6.625% 01/15/20270.3%
Altice Financing SA5.000% 01/15/20280.3%
Connect Finco SARL / Connect US Finco LLC6.750% 10/01/20260.3%
Evergreen Acqco 1 LP / TVI Inc9.750% 04/26/20280.3%
Chord Energy Corp6.375% 06/01/20260.3%
Fortress Transportation and Infrastructure Investors LLC6.500% 10/01/20250.3%
Stonegate Pub Co Financing 2019 PLC8.250% 07/31/20250.3%
Ford Motor Credit Co LLC5.584% 03/18/20240.3%
Atrium IX7.647% 05/28/20300.3%
Howard Hughes Corp/The5.375% 08/01/20280.3%
Eco Material Technologies Inc7.875% 01/31/20270.3%
Albion Financing 2 Sarl8.750% 04/15/20270.2%
Maxim Crane Works Holdings Capital LLC11.500% 09/01/20280.2%
Brandywine Operating Partnership LP4.100% 10/01/20240.2%
Herc Holdings Inc5.500% 07/15/20270.2%
TerraForm Power Operating LLC5.000% 01/31/20280.2%
IHO Verwaltungs GmbH4.750% 09/15/20260.2%
Fortress Transportation and Infrastructure Investors LLC5.500% 05/01/20280.2%
Service Properties Trust7.500% 09/15/20250.2%
CITGO Petroleum Corp7.000% 06/15/20250.2%
Bombardier Inc6.000% 02/15/20280.2%
Icahn Enterprises LP / Icahn Enterprises Finance Corp4.750% 09/15/20240.2%
Encino Acquisition Partners Holdings LLC8.500% 05/01/20280.2%
ATI Inc5.875% 12/01/20270.2%
G-III Apparel Group Ltd7.875% 08/15/20250.2%
Red Planet Borrower LLC9.174% 10/02/20280.2%
Callon Petroleum Co8.000% 08/01/20280.2%
Brand Industrial Services Inc10.872% 08/01/20300.2%
GrafTech Global Enterprises Inc9.875% 12/15/20280.2%
Altice France SA/France8.395% 07/31/20250.2%
McAfee Corp9.165% 03/01/20290.2%
Uniti Group LP / Uniti Group Finance Inc / CSL Capital LLC10.500% 02/15/20280.2%
Magnolia Oil & Gas Operating LLC / Magnolia Oil & Gas Finance Corp6.000% 08/01/20260.2%
Brinker International Inc5.000% 10/01/20240.2%
Midcap Financial Issuer Trust6.500% 05/01/20280.2%
Directv Financing LLC10.325% 08/02/20270.2%
USA Compression Partners LP / USA Compression Finance Corp6.875% 04/01/20260.2%
AA Bond Co Ltd6.500% 01/31/20260.2%
DISH DBS Corp5.875% 11/15/20240.2%
CITGO Petroleum Corp6.375% 06/15/20260.2%
MGM Resorts International5.500% 04/15/20270.2%
Popular Inc7.250% 03/13/20280.2%
ILFC E-Capital Trust II7.459% 12/21/20650.2%
Newell Brands Inc4.875% 06/01/20250.2%
LABL Inc9.500% 11/01/20280.2%
CVR Partners LP / CVR Nitrogen Finance Corp6.125% 06/15/20280.2%
Permian Resources Operating LLC7.750% 02/15/20260.2%
Royal Caribbean Cruises Ltd5.375% 07/15/20270.2%
Frontier Communications Holdings LLC9.189% 10/08/20270.2%
Venture Global LNG Inc9.500% 02/01/20290.2%
Altice France SA/France8.125% 02/01/20270.2%
United Group BV7.031% 02/15/20260.2%
United Airlines Inc4.625% 04/15/20290.2%
Millennium Escrow Corp6.625% 08/01/20260.2%
Kosmos Energy Ltd7.125% 04/04/20260.2%
CHS/Community Health Systems Inc8.000% 12/15/20270.2%
Patrick Industries Inc7.500% 10/15/20270.2%
Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp5.250% 10/01/20250.2%
Royal Caribbean Cruises Ltd8.250% 01/15/20290.2%
Rockcliff Energy II LLC5.500% 10/15/20290.2%
Borr IHC Ltd / Borr Finance LLC10.000% 11/15/20280.2%
SunCoke Energy Inc4.875% 06/30/20290.2%
FORWARD AIR CORPORATION0.000% 09/20/20300.2%
LBM Acquisition LLC9.174% 12/17/20270.2%
Emera Inc6.750% 06/15/20760.2%
FOGO DE CHAO INC10.136% 09/30/20300.2%
JELD-WEN Inc4.875% 12/15/20270.2%
Novafives SAS8.345% 06/15/20250.2%
Goodyear Tire & Rubber Co/The5.000% 05/31/20260.2%
AMC Entertainment Holdings Inc8.447% 04/22/20260.2%
Heartland Dental LLC / Heartland Dental Finance Corp8.500% 05/01/20260.2%
Antero Midstream Partners LP / Antero Midstream Finance Corp5.750% 03/01/20270.2%
Altice France SA/France2.500% 01/15/20250.2%
Enstall Group BV10.402% 08/30/20280.2%
Crescent Energy Finance LLC7.250% 05/01/20260.2%
Pattern Energy Operations LP / Pattern Energy Operations Inc4.500% 08/15/20280.2%
Advance Auto Parts Inc1.750% 10/01/20270.2%
Univision Communications Inc6.625% 06/01/20270.2%
Chobani LLC / Chobani Finance Corp Inc7.500% 04/15/20250.2%
Enviri Corp5.750% 07/31/20270.2%
Century Communities Inc6.750% 06/01/20270.2%
SPX FLOW Inc9.924% 04/05/20290.2%
VistaJet Malta Finance PLC / Vista Management Holding Inc9.500% 06/01/20280.2%
Transocean Aquila Ltd8.000% 09/30/20280.2%
Vector Group Ltd10.500% 11/01/20260.2%
NCL Corp Ltd5.875% 02/15/20270.2%
Cerdia Finanz GmbH10.500% 02/15/20270.2%
Dryden 61 Clo Ltd7.414% 01/17/20320.2%
AmeriTex HoldCo Intermediate LLC10.250% 10/15/20280.2%
Manitowoc Co Inc/The9.000% 04/01/20260.2%
NRG Energy Inc10.250% 09/15/21720.2%
Griffon Corp5.750% 03/01/20280.2%
Hawaiian Brand Intellectual Property Ltd / HawaiianMiles Loyalty Ltd5.750% 01/20/20260.2%
Cimpress PLC7.000% 06/15/20260.2%
Northriver Midstream Finance LP5.625% 02/15/20260.2%
Iliad Holding SASU6.500% 10/15/20260.2%
Spirit Loyalty Cayman Ltd / Spirit IP Cayman Ltd8.000% 09/20/20250.2%
Dexko Global Inc9.402% 10/04/20280.2%
NCR Atleos Escrow Corp9.500% 04/01/20290.2%
ACProducts Holdings Inc9.902% 05/17/20280.2%
Delek Logistics Partners LP / Delek Logistics Finance Corp7.125% 06/01/20280.2%
888 ACQUISITIONS LIMITED10.818% 07/01/20280.2%
Rain Carbon Inc12.250% 09/01/20290.2%
Post Holdings Inc5.625% 01/15/20280.2%
Strathcona Resources Ltd/Alberta6.875% 08/01/20260.2%
Helix Gen Funding LLC10.074% 12/31/20270.2%
California Resources Corp7.125% 02/01/20260.2%
Travis Perkins PLC3.750% 02/17/20260.2%
Aretec Escrow Issuer 2 Inc10.000% 08/15/20300.2%
OneMain Finance Corp6.875% 03/15/20250.2%
Precision Drilling Corp7.125% 01/15/20260.2%
Dana Inc5.625% 06/15/20280.2%
Garda World Security Corp7.750% 02/15/20280.2%
Nabors Industries Inc7.375% 05/15/20270.2%
NextEra Energy Operating Partners LP4.250% 07/15/20240.2%
Tenneco Inc8.000% 11/17/20280.2%
FirstCash Inc4.625% 09/01/20280.2%
LSB Industries Inc6.250% 10/15/20280.2%
Rand Parent LLC8.500% 02/15/20300.2%
DCG Acquisition Corp9.924% 09/30/20260.2%
Marks & Spencer PLC6.000% 06/12/20250.2%
USA Compression Partners LP / USA Compression Finance Corp6.875% 09/01/20270.2%
Transocean Inc7.500% 01/15/20260.2%
Sizzling Platter LLC / Sizzling Platter Finance Corp8.500% 11/28/20250.2%
Jefferson Capital Holdings LLC6.000% 08/15/20260.2%
Benteler International AG10.500% 05/15/20280.2%
JFL-Tiger Acquisition Co Inc10.403% 10/17/20300.2%
TransDigm Inc6.875% 12/15/20300.2%
Intesa Sanpaolo SpA5.710% 01/15/20260.2%
Intercept Pharmaceuticals Inc2.000% 05/15/20260.2%
Hecla Mining Co7.250% 02/15/20280.2%
Par Petroleum LLC9.773% 02/28/20300.2%
Heartland Dental LLC / Heartland Dental Finance Corp10.500% 04/30/20280.2%
SierraCol Energy Andina LLC6.000% 06/15/20280.2%
Catalent Pharma Solutions Inc5.000% 07/15/20270.2%
Frontier Communications Holdings LLC5.875% 10/15/20270.2%
Charter Next Generation Inc9.189% 12/01/20270.2%
Tenet Healthcare Corp4.875% 01/01/20260.2%
Triumph Group Inc9.000% 03/15/20280.2%
Virgin Media Vendor Financing Notes III DAC4.875% 07/15/20280.2%
Asurion LLC9.424% 08/19/20280.2%
eResearchTechnology Inc9.939% 02/04/20270.2%
PROJECT ALPHA INTRMDT HLDG INC10.075% 10/28/20300.2%
Windsor Holdings III LLC9.815% 08/01/20300.2%
B&G Foods Inc8.000% 09/15/20280.2%
Heathrow Finance PLC5.750% 03/03/20250.2%
Forestar Group Inc3.850% 05/15/20260.2%
WaterBridge Midstream Operating LLC11.390% 06/22/20260.2%
Madison IAQ LLC8.703% 06/21/20280.2%
Service Properties Trust5.250% 02/15/20260.2%
Studio City Co Ltd7.000% 02/15/20270.2%
GPS Hospitality Holding Co LLC / GPS Finco Inc7.000% 08/15/20280.2%
Huarong Finance II Co Ltd5.000% 11/19/20250.2%
Wynn Macau Ltd5.500% 10/01/20270.2%
AerCap Holdings NV5.875% 10/10/20790.2%
Douglas GmbH6.000% 04/08/20260.2%
Valaris Ltd8.375% 04/30/20300.2%
MOSEL BIDCO SE10.164% 09/16/20300.2%
Array Technologies Inc8.927% 10/14/20270.2%
Cloud Software Group Inc9.000% 09/30/20290.2%
MHP SE7.750% 05/10/20240.2%
ASP Unifrax Holdings Inc5.250% 09/30/20280.2%
Iris Holding Inc10.232% 06/28/20280.2%
Star Parent Inc9.000% 10/01/20300.2%
Minerals Technologies Inc5.000% 07/01/20280.2%
Uber Technologies Inc6.250% 01/15/20280.1%
Oceaneering International Inc6.000% 02/01/20280.1%
Churchill Downs Inc5.500% 04/01/20270.1%
Medco Bell Pte Ltd6.375% 01/30/20270.1%
DaVita Inc4.625% 06/01/20300.1%
Virgin Media Vendor Financing Notes IV DAC5.000% 07/15/20280.1%
Newell Brands Inc6.375% 09/15/20270.1%
Cleveland-Cliffs Inc6.750% 03/15/20260.1%
Enerflex Ltd9.000% 10/15/20270.1%
Kernel Holding SA6.500% 10/17/20240.1%
Northwest Fiber LLC / Northwest Fiber Finance Sub Inc4.750% 04/30/20270.1%
OneMain Finance Corp3.500% 01/15/20270.1%
Oceaneering International Inc6.000% 02/01/20280.1%
Owens-Brockway Glass Container Inc6.625% 05/13/20270.1%
City Football Group Ltd8.453% 07/21/20280.1%
Ahlstrom Holding 3 Oy4.875% 02/04/20280.1%
CSI Compressco LP / CSI Compressco Finance Inc7.500% 04/01/20250.1%
AG TTMT Escrow Issuer LLC8.625% 09/30/20270.1%
VistaJet Malta Finance PLC / Vista Management Holding Inc7.875% 05/01/20270.1%
ISOLVED INC9.484% 10/14/20300.1%
Telecom Italia SpA/Milano5.303% 05/30/20240.1%
Central Parent LLC / CDK Global II LLC / CDK Financing Co Inc8.000% 06/15/20290.1%
Amynta Agency Borrower Inc10.325% 02/28/20280.1%
Summer BC Bidco B LLC5.500% 10/31/20260.1%
NCL Corp Ltd8.125% 01/15/20290.1%
Akbank TAS5.125% 03/31/20250.1%
Goldman Sachs Group Inc/The7.500% 02/10/21720.1%
SK Invictus Intermediate II Sarl5.000% 10/30/20290.1%
Mauser Packaging Solutions Holding Co9.250% 04/15/20270.1%
Freeport LNG Investments LLLP9.177% 12/21/20280.1%
Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp5.500% 03/01/20250.1%
Avis Budget Car Rental LLC / Avis Budget Finance Inc5.750% 07/15/20270.1%
Precision Drilling Corp6.875% 01/15/20290.1%
Fertitta Entertainment LLC/NV9.324% 01/27/20290.1%
eG Global Finance PLC4.375% 02/07/20250.1%
New York Community Bancorp Inc5.900% 11/06/20280.1%
Vistra Operations Co LLC5.000% 07/31/20270.1%
Neuberger Berman Loan Advisers CLO 47 Ltd8.494% 04/14/20350.1%
Capstone Borrower Inc8.000% 06/15/20300.1%
Atlantica Sustainable Infrastructure PLC4.125% 06/15/20280.1%
Ardagh Packaging Finance PLC / Ardagh Holdings USA Inc5.250% 04/30/20250.1%
Bukit Makmur Mandiri Utama PT7.750% 02/10/20260.1%
WEA Finance LLC / Westfield UK & Europe Finance PLC3.750% 09/17/20240.1%
Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp4.250% 02/01/20270.1%
Armor Holdco Inc8.500% 11/15/20290.1%
Sedgwick Claims Management Services Inc9.074% 02/24/20280.1%
Carrols Restaurant Group Inc8.674% 04/30/20260.1%
EnQuest PLC11.625% 11/01/20270.1%
Benteler International AG9.375% 05/15/20280.1%
Scripps Escrow Inc5.875% 07/15/20270.1%
Transocean Inc7.250% 11/01/20250.1%
Nationstar Mortgage Holdings Inc6.000% 01/15/20270.1%
Solaris Midstream Holdings LLC7.625% 04/01/20260.1%
PBF Holding Co LLC / PBF Finance Corp6.000% 02/15/20280.1%
Bath & Body Works Inc7.500% 06/15/20290.1%
Nexstar Media Inc4.750% 11/01/20280.1%
Carnival Holdings Bermuda Ltd10.375% 05/01/20280.1%
JW Aluminum Continuous Cast Co10.250% 06/01/20260.1%
Park-Ohio Industries Inc6.625% 04/15/20270.1%
Jacobs Entertainment Inc6.750% 02/15/20290.1%
American Airlines Group Inc3.750% 03/01/20250.1%
Civitas Resources Inc5.000% 10/15/20260.1%
Pinnacle Bidco PLC10.000% 10/11/20280.1%
Specialty Building Products Holdings LLC / SBP Finance Corp6.375% 09/30/20260.1%
XPO Inc6.250% 06/01/20280.1%
Turkiye Ihracat Kredi Bankasi AS9.000% 01/28/20270.1%
Q-Park Holding I BV2.000% 03/01/20270.1%
CPUK Finance Ltd4.875% 02/28/20470.1%
Citigroup Inc3.875% 05/18/21720.1%
Legends Hospitality Holding Co LLC / Legends Hospitality Co-Issuer Inc5.000% 02/01/20260.1%
Ashton Woods USA LLC / Ashton Woods Finance Co6.625% 01/15/20280.1%
Gabon Government International Bond6.950% 06/16/20250.1%
Gatwick Airport Finance PLC4.375% 04/07/20260.1%
Ascent Resources Utica Holdings LLC / ARU Finance Corp8.250% 12/31/20280.1%
Starwood Property Trust Inc4.750% 03/15/20250.1%
NCL Corp Ltd5.875% 03/15/20260.1%
Ardagh Packaging Finance PLC / Ardagh Holdings USA Inc5.250% 08/15/20270.1%
Mineral Resources Ltd8.000% 11/01/20270.1%
LSF11 A5 HoldCo LLC9.674% 10/15/20280.1%
Full House Resorts Inc8.250% 02/15/20280.1%
Navient Corp5.875% 10/25/20240.1%
Rolls-Royce PLC5.750% 10/15/20270.1%
Kaiser Aluminum Corp4.625% 03/01/20280.1%
MGM China Holdings Ltd5.250% 06/18/20250.1%
Service Logic Acquisition Inc9.439% 10/29/20270.1%
PDD Holdings Inc0.000% 10/01/20240.1%
Triumph Group Inc7.750% 08/15/20250.1%
Life Time Inc10.130% 01/15/20260.1%
Accor SA2.625% 04/30/21720.1%
Welltec International ApS8.250% 10/15/20260.1%
Pioneer Natural Resources Co0.250% 05/15/20250.1%
New Enterprise Stone & Lime Co Inc9.750% 07/15/20280.1%
National Mentor Holdings Inc0.000% 03/02/20280.1%
Renk AG/Frankfurt am Main5.750% 07/15/20250.1%
Osaic Holdings Inc9.824% 08/17/20280.1%
Olympus Water US Holding Corp9.750% 11/15/20280.1%
Carriage Purchaser Inc7.875% 10/15/20290.1%
Affirm Asset Securitization Trust 2023-A7.180% 01/18/20280.1%
Shea Homes LP / Shea Homes Funding Corp4.750% 02/15/20280.1%
Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp5.250% 05/15/20270.1%
Zelis Payments Buyer Inc8.939% 09/30/20260.1%
WESCO Distribution Inc7.125% 06/15/20250.1%
Melco Resorts Finance Ltd5.750% 07/21/20280.1%
Finnair Oyj4.250% 05/19/20250.1%
Genting New York LLC / GENNY Capital Inc3.300% 02/15/20260.1%
UBS AG5.125% 05/15/20240.1%
Teva Pharmaceutical Finance Netherlands III BV7.125% 01/31/20250.1%
Nabors Industries Ltd7.500% 01/15/20280.1%
SeaWorld Parks & Entertainment Inc5.250% 08/15/20290.1%
Prime Security Services Borrower LLC / Prime Finance Inc5.750% 04/15/20260.1%
Adient Global Holdings Ltd7.000% 04/15/20280.1%
Tenet Healthcare Corp5.125% 11/01/20270.1%
CITGO Petroleum Corp8.375% 01/15/20290.1%
ATI Inc7.250% 08/15/20300.1%
BHMS 2018-ATLS6.882% 07/15/20350.1%
Southwick Park CLO LLC7.627% 07/20/20320.1%
Summit Behavioral Healthcare LLC13.429% 11/26/20290.1%
Nouryon USA LLC9.434% 04/03/20280.1%
Ensign Drilling Inc9.250% 04/15/20240.1%
Sierra Timeshare 2023-1 Receivables Funding LLC9.800% 01/20/20400.1%
Invesco CLO 2021-3 Ltd8.674% 10/22/20340.1%
Summer BC Holdco B SARL5.750% 10/31/20260.1%
WE Soda Investments Holding PLC9.500% 10/06/20280.1%
Turkiye Petrol Rafinerileri AS4.500% 10/18/20240.1%
M/I Homes Inc4.950% 02/01/20280.1%
Elanco Animal Health Inc6.650% 08/28/20280.1%
Aston Martin Capital Holdings Ltd10.500% 11/30/20250.1%
UBS Group AG5.125% 07/29/21720.1%
DPL Inc4.125% 07/01/20250.1%
Chobani LLC / Chobani Finance Corp Inc4.625% 11/15/20280.1%
LifePoint Health Inc11.000% 10/15/20300.1%
Prime Security Services Borrower LLC / Prime Finance Inc6.250% 01/15/20280.1%
Canacol Energy Ltd5.750% 11/24/20280.1%
Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC6.500% 02/15/20280.1%
CP Atlas Buyer Inc9.075% 11/23/20270.1%
ReNew Pvt Ltd5.875% 03/05/20270.1%
MHP SE7.750% 05/10/20240.1%
Rakuten Group Inc10.250% 11/30/20240.1%
Methanex Corp5.125% 10/15/20270.1%
Leviathan Bond Ltd6.500% 06/30/20270.1%
Midwest Gaming Borrower LLC / Midwest Gaming Finance Corp4.875% 05/01/20290.1%
Flagship Credit Auto Trust 2023-210.890% 07/15/20300.1%
Newell Brands Inc5.200% 04/01/20260.1%
Ardagh Packaging Finance PLC / Ardagh Holdings USA Inc4.750% 07/15/20270.1%
Palo Alto Networks Inc0.375% 06/01/20250.1%
Weatherford International Ltd8.625% 04/30/20300.1%
DISH DBS Corp5.250% 12/01/20260.1%
Empire Resorts Inc7.750% 11/01/20260.1%
CSC Holdings LLC5.500% 04/15/20270.1%
Permian Resources Operating LLC3.250% 04/01/20280.1%
Madison Park Funding XXXI Ltd8.674% 01/23/20310.1%
TransDigm Inc6.750% 08/15/20280.1%
Bombardier Inc7.500% 02/01/20290.1%
Carlyle US CLO 2021-7 LTD8.755% 10/15/20350.1%
Guidewire Software Inc1.250% 03/15/20250.1%
Warrior Met Coal Inc7.875% 12/01/20280.1%
EQM Midstream Partners LP6.500% 07/01/20270.1%
CommScope Inc6.000% 03/01/20260.1%
Tidewater Inc10.375% 07/03/20280.1%
Outfront Media Capital LLC / Outfront Media Capital Corp5.000% 08/15/20270.1%
Axon Enterprise Inc0.500% 12/15/20270.1%
Civitas Resources Inc8.625% 11/01/20300.1%
Bath & Body Works Inc6.694% 01/15/20270.1%
SILK BIDCO AS10.451% 02/28/20270.1%
Ardagh Packaging Finance PLC / Ardagh Holdings USA Inc4.125% 08/15/20260.1%
Alliance Resource Operating Partners LP / Alliance Resource Finance Corp7.500% 05/01/20250.1%
Husky III Holding Ltd13.000% 02/15/20250.1%
Sunoco LP / Sunoco Finance Corp7.000% 09/15/20280.1%
VF Ukraine PAT via VFU Funding PLC6.200% 02/11/20250.1%
Parsons Corp0.250% 08/15/20250.1%
Market Bidco Finco PLC5.500% 11/04/20270.1%
MGM China Holdings Ltd5.875% 05/15/20260.1%
Parkland Corp5.875% 07/15/20270.1%
UKG Inc10.023% 05/04/20260.1%
Kobe US Midco 2 Inc9.250% 11/01/20260.1%
AMC Networks Inc4.750% 08/01/20250.1%
AerCap Global Aviation Trust6.500% 06/15/20450.1%
Mersin Uluslararasi Liman Isletmeciligi AS5.375% 11/15/20240.1%
Navient Corp5.500% 03/15/20290.1%
FAGE International SA / FAGE USA Dairy Industry Inc5.625% 08/15/20260.1%
Mohegan Tribal Gaming Authority8.000% 02/01/20260.1%
Cleveland-Cliffs Inc5.875% 06/01/20270.1%
CIFC Funding 2020-I Ltd8.755% 07/15/20360.1%
Rocket Software Inc10.145% 11/28/20280.1%
NOVA Chemicals Corp5.250% 06/01/20270.1%
Enphase Energy Inc0.000% 03/01/20280.1%
Madison Park Funding XXV Ltd8.990% 04/25/20290.1%
Gen Digital Inc6.750% 09/30/20270.1%
Holly Energy Partners LP / Holly Energy Finance Corp6.375% 04/15/20270.1%
Coinbase Global Inc3.375% 10/01/20280.1%
Diamond Foreign Asset Co / Diamond Finance LLC8.500% 10/01/20300.1%
Spirit AeroSystems Inc7.500% 04/15/20250.1%
Boxer Parent Co Inc10.939% 02/27/20260.1%
Verscend Escrow Corp9.750% 08/15/20260.1%
AI Candelaria Spain SA7.500% 12/15/20280.1%
Sinclair Television Group Inc7.939% 09/30/20260.1%
RegionalCare Hospital Partners Holdings Inc / LifePoint Health Inc9.750% 12/01/20260.1%
Talen Energy Supply LLC9.877% 05/17/20300.1%
Rolls-Royce PLC3.625% 10/14/20250.1%
IHO Verwaltungs GmbH8.750% 05/15/20280.1%
Chemours Co/The5.375% 05/15/20270.1%
Permian Resources Operating LLC5.375% 01/15/20260.1%
Noble Finance II LLC8.000% 04/15/20300.1%
CPUK Finance Ltd4.500% 08/28/20270.1%
NESCO Holdings II Inc5.500% 04/15/20290.1%
Weekley Homes LLC / Weekley Finance Corp4.875% 09/15/20280.1%
Global Partners LP / GLP Finance Corp7.000% 08/01/20270.1%
Jones Deslauriers Insurance Management Inc8.500% 03/15/20300.1%
Canpack SA / Canpack US LLC3.125% 11/01/20250.1%
Calumet Specialty Products Partners LP / Calumet Finance Corp8.125% 01/15/20270.1%
United States Steel Corp6.875% 03/01/20290.1%
Matador Resources Co6.875% 04/15/20280.1%
Callon Petroleum Co6.375% 07/01/20260.1%
Electricite de France SA5.625% 07/22/21720.1%
Engineered Machinery Holdings Inc12.152% 05/21/20290.1%
Allwyn Entertainment Financing UK PLC7.875% 04/30/20290.1%
TGP Holdings III LLC8.674% 06/29/20280.1%
BCP V Modular Services Finance II PLC6.125% 11/30/20280.1%
Northwest Fiber LLC / Northwest Fiber Finance Sub Inc6.000% 02/15/20280.1%
Dream Finders Homes Inc8.250% 08/15/20280.1%
Grifols SA4.750% 10/15/20280.1%
Hughes Satellite Systems Corp5.250% 08/01/20260.1%
Michaels Cos Inc/The9.902% 04/15/20280.1%
American Airlines Inc/AAdvantage Loyalty IP Ltd5.500% 04/20/20260.1%
Vistra Operations Co LLC5.125% 05/13/20250.1%
Ford Motor Credit Co LLC6.860% 06/05/20260.1%
International Game Technology PLC6.250% 01/15/20270.1%
Permian Resources Operating LLC6.875% 04/01/20270.1%
Eskom Holdings SOC Ltd7.125% 02/11/20250.1%
Boxer Parent Co Inc7.125% 10/02/20250.1%
Compass Minerals International Inc6.750% 12/01/20270.1%
HAT Holdings I LLC / HAT Holdings II LLC3.375% 06/15/20260.1%
H&E Equipment Services Inc3.875% 12/15/20280.1%
TK Elevator Midco GmbH4.375% 07/15/20270.1%
CSN Inova Ventures6.750% 01/28/20280.1%
NRG Energy Inc7.000% 03/15/20330.1%
VOC Escrow Ltd5.000% 02/15/20280.1%
PARKWAY GENERATION LLC10.395% 02/18/20290.1%
Acadia Healthcare Co Inc5.500% 07/01/20280.1%
BCPE Empire Holdings Inc10.074% 12/11/20280.1%
RHP Hotel Properties LP / RHP Finance Corp7.250% 07/15/20280.1%
MEG Energy Corp5.875% 02/01/20290.1%
Performance Food Group Inc5.500% 10/15/20270.1%
Welltec International ApS8.250% 10/15/20260.1%
Physician Partners LLC9.533% 12/26/20280.1%
Lumen Technologies Inc7.689% 03/15/20270.1%
Pactiv Evergreen Group Issuer Inc/Pactiv Evergreen Group Issuer LLC4.000% 10/15/20270.1%
Coronado Finance Pty Ltd10.750% 05/15/20260.1%
Seadrill Finance Ltd8.375% 08/01/20300.1%
CEVA SANTE ANIMALE0.000% 11/01/20300.1%
Taseko Mines Ltd7.000% 02/15/20260.1%
Autokiniton US Holdings Inc9.939% 04/06/20280.1%
Aruba Investments Holdings LLC13.174% 11/24/20280.1%
Pike Corp5.500% 09/01/20280.1%
AMN Healthcare Inc4.625% 10/01/20270.1%
McGraw-Hill Education Inc5.750% 08/01/20280.1%
Alloy Finco Ltd0.500% 03/06/20250.1%
Stena International SA6.125% 02/01/20250.1%
Hughes Satellite Systems Corp6.625% 08/01/20260.1%
Viking Cruises Ltd5.875% 09/15/20270.1%
Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC6.000% 06/15/20270.1%
Chesapeake Energy Corp5.500% 02/01/20260.1%
Urban One Inc7.375% 02/01/20280.1%
SCIL IV LLC / SCIL USA Holdings LLC5.375% 11/01/20260.1%
Murphy Oil USA Inc5.625% 05/01/20270.1%
SEG Holding LLC / SEG Finance Corp5.625% 10/15/20280.1%
Regatta XIII Funding Ltd7.755% 07/15/20310.1%
Madison Park Funding XLV Ltd8.805% 07/15/20340.1%
Amsted Industries Inc5.625% 07/01/20270.1%
THL Credit Wind River 2019-3 Clo Ltd7.855% 07/15/20310.1%
Juventus Football Club SpA3.375% 02/19/20240.1%
LABL Inc6.750% 07/15/20260.1%
PRA Group Inc8.375% 02/01/20280.1%
Boyne USA Inc4.750% 05/15/20290.1%
Transocean Inc11.500% 01/30/20270.1%
AAdvantage Loyalty IP Ltd10.427% 04/20/20280.1%
Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC4.625% 01/15/20270.1%
Williams Scotsman Inc4.625% 08/15/20280.1%
Ziggo Bond Co BV6.000% 01/15/20270.1%
SPECTACLE GARY HOLDINGS LLC9.674% 12/10/20280.1%
FX USD/EUR 12/230.000% 12/13/20230.1%
Forestar Group Inc5.000% 03/01/20280.0%
Castlelake Aviation Finance DAC5.000% 04/15/20270.0%
Tri Pointe Homes Inc5.250% 06/01/20270.0%
Travel + Leisure Co6.625% 07/31/20260.0%
Vital Energy Inc9.750% 10/15/20300.0%
Clarios Global LP / Clarios US Finance Co6.750% 05/15/20280.0%
Catalent Pharma Solutions Inc2.375% 03/01/20280.0%
Talen Energy Supply LLC8.625% 06/01/20300.0%
Sealed Air Corp/Sealed Air Corp US6.125% 02/01/20280.0%
Macquarie Airfinance Holdings Ltd8.375% 05/01/20280.0%
Coeur Mining Inc5.125% 02/15/20290.0%
Iceland Bondco PLC10.875% 12/15/20270.0%
Buckeye Partners LP3.950% 12/01/20260.0%
Teva Pharmaceutical Finance Netherlands III BV6.750% 03/01/20280.0%
MGM Resorts International6.750% 05/01/20250.0%
CHS/Community Health Systems Inc6.875% 04/15/20290.0%
Trivium Packaging Finance BV7.531% 08/15/20260.0%
HUB International Ltd9.662% 06/20/20300.0%
AssuredPartners Inc7.000% 08/15/20250.0%
Northwest Fiber LLC / Northwest Fiber Finance Sub Inc10.750% 06/01/20280.0%
NCL Corp Ltd8.375% 02/01/20280.0%
FX USD/GBP 12/230.000% 12/08/20230.0%
Tank Holding Corp11.424% 03/31/20280.0%
Buckeye Partners LP4.125% 12/01/20270.0%
Trident TPI Holdings Inc12.750% 12/31/20280.0%
Asbury Automotive Group Inc4.500% 03/01/20280.0%
GTCR AP Finance Inc8.000% 05/15/20270.0%
Motion Finco Sarl7.375% 06/15/20300.0%
Range Resources Corp8.250% 01/15/20290.0%
Coty Inc6.500% 04/15/20260.0%
EQM Midstream Partners LP6.000% 07/01/20250.0%
Viper Energy Partners LP5.375% 11/01/20270.0%
Williams Scotsman Inc6.125% 06/15/20250.0%
LSF11 A5 HoldCo LLC6.625% 10/15/20290.0%
CPM Holdings Inc9.827% 09/28/20280.0%
Trivium Packaging Finance BV5.500% 08/15/20260.0%
Heartland Dental LLC10.335% 04/28/20280.0%
Penn Entertainment Inc5.625% 01/15/20270.0%
Park River Holdings Inc6.750% 08/01/20290.0%
Realtruck Group Inc10.406% 01/31/20280.0%
Service Properties Trust4.750% 10/01/20260.0%
Park River Holdings Inc5.625% 02/01/20290.0%
eDreams ODIGEO SA5.500% 07/15/20270.0%
PLT VII Finance Sarl4.625% 01/05/20260.0%
William Carter Co/The5.625% 03/15/20270.0%
SCIH Salt Holdings Inc4.875% 05/01/20280.0%
Nouryon USA LLC9.419% 04/03/20280.0%
Bristow Group Inc6.875% 03/01/20280.0%
UPC Holding BV5.500% 01/15/20280.0%
Tank Holding Corp11.174% 03/31/20280.0%
Dufry One BV3.625% 04/15/20260.0%
Navient Corp4.875% 03/15/20280.0%
Watco Cos LLC / Watco Finance Corp6.500% 06/15/20270.0%
NRG Energy Inc5.750% 01/15/20280.0%
LABL Inc10.500% 07/15/20270.0%
VistaJet Malta Finance PLC / Vista Management Holding Inc6.375% 02/01/20300.0%
Iceland Bondco PLC10.875% 12/15/20270.0%
Resorts World Las Vegas LLC / RWLV Capital Inc4.625% 04/16/20290.0%
Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC5.875% 02/15/20280.0%
FX USD/CAD 11/230.000% 11/20/20230.0%
Southwestern Energy Co5.375% 02/01/20290.0%
Permian Resources Operating LLC5.875% 07/01/20290.0%
ECL Entertainment LLC10.140% 08/31/20300.0%
MGM Resorts International4.750% 10/15/20280.0%
LSF11 A5 HoldCo LLC8.939% 10/15/20280.0%
IHO Verwaltungs GmbH8.750% 05/15/20280.0%
Vistra Operations Co LLC5.500% 09/01/20260.0%
Gray Escrow II Inc5.375% 11/15/20310.0%
TALEN ENERGY CORP0.000% -0.0%
PARKWAY GENERATION LLC10.395% 02/18/20290.0%
YPF Energia Electrica SA10.000% 07/25/20260.0%
Nine Energy Service Inc0.000% -0.0%
Credit Index Swap5.000% 12/20/20280.0%
Tank Holding Corp0.010% 03/31/20280.0%
CPV Shore Holdings LLC9.189% 12/29/20250.0%
National Mentor Holdings Inc0.000% 03/02/20280.0%
Vital Energy Inc9.500% 01/15/20250.0%
Rain CII Carbon LLC / CII Carbon Corp7.250% 04/01/20250.0%
Talen Energy Corp0.000% -0.0%
FX USD/GBP 12/230.000% 12/08/20230.0%
Buckeye Partners LP9.694% 01/22/20780.0%
NEP Group Inc12.439% 10/19/20260.0%
FX USD/GBP 12/230.000% 12/08/20230.0%
FX USD/GBP 12/230.000% 12/08/20230.0%
FX USD/EUR 12/230.000% 12/13/20230.0%
VUE INTERNATIONAL BIDCO P L C6.130% 12/31/20270.0%
FX USD/CHF 11/230.000% 11/22/20230.0%
Bulldog Purchaser Inc9.273% 09/05/20250.0%
USIC Holdings Inc11.939% 05/14/20290.0%
Nathan's Famous Inc6.625% 11/01/20250.0%
Scotts Miracle-Gro Co/The5.250% 12/15/20260.0%
Cengage Learning Inc10.406% 07/14/20260.0%
FX USD/CAD 02/240.000% 02/09/20240.0%
FX USD/GBP 12/230.000% 12/08/20230.0%
FX USD/GBP 12/230.000% 12/08/20230.0%
Icebox Holdco III Inc9.402% 12/22/20280.0%
Elwood Energy LLC8.159% 07/05/20260.0%
Electron Bidco Inc8.439% 11/01/20280.0%
FX USD/EUR 12/230.000% 12/13/20230.0%
FX EUR/USD 12/230.000% 12/13/20230.0%
ESC GCB144A HERTZ CORP5.500% 10/15/20240.0%
FX USD/GBP 12/230.000% 12/08/20230.0%
FX USD/GBP 12/230.000% 12/08/20230.0%
FX USD/GBP 12/230.000% 12/08/20230.0%
ESC GCB HERTZ CORP6.250% 10/15/20220.0%
FX EUR/USD 12/230.000% 12/13/20230.0%
FX USD/GBP 12/230.000% 12/08/20230.0%
FX USD/GBP 12/230.000% 12/08/20230.0%
FX EUR/USD 12/230.000% 12/13/20230.0%
FX EUR/USD 12/230.000% 12/13/20230.0%
FX EUR/USD 12/230.000% 12/13/20230.0%
FX USD/GBP 12/230.000% 12/08/20230.0%
US 10YR NOTE (CBT)Dec230.000% 12/29/20230.0%

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 12/01/2023
$0.71139
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 11/30/2023 $0.06587 $9.66
Daily Daily 10/31/2023 $0.06798 $9.39
Daily Daily 09/30/2023 $0.06445 $9.53
Daily Daily 08/31/2023 $0.06595 $9.62
Daily Daily 07/31/2023 $0.06654 $9.64
Daily Daily 06/30/2023 $0.06459 $9.60
Daily Daily 05/31/2023 $0.06459 $9.50
Daily Daily 04/30/2023 $0.06299 $9.62
Daily Daily 03/31/2023 $0.06401 $9.59
Daily Daily 02/28/2023 $0.06295 $9.59
Daily Daily 01/31/2023 $0.06146 $9.74

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 12/31/2023

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
12/16/2021 12/17/2021 $0.0570 $0.0977 $0.1547 $10.70
*

Taxed as ordinary income

Lord Abbett does not provide tax advice. It is strongly recommended that you discuss the impact of dividends and distributions with your tax advisor. 

Fees & Expenses

Fees & Expenses

Expense Ratioas of 10/31/2023

Fund Gross Expense Ratio Fund Net Expense Ratio
0.56% 0.36%

Expense ratio details, Click here.

Fund Documents

Fund Documents

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

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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.      

                    

 

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 investing strategy

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 your 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. The Fund invests primarily in high-yield, lower-rated securities, sometimes called junk bonds. 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.

 

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

 

 

With Sales Charge - Returns with sales charges reflect applicable fees and expenses and include all distributions reinvested.

 

Without Sales Charge - Returns shown are without sales charges and have all distributions reinvested. If a sales charge had been deducted, the results would have been lower.

 

Returns shown at less than a year reflect aggregate total returns.

 

Double-Digit Returns - instances of high double-digit returns were achieved primarily during favorable market conditions and may not be sustainable over time.   

 

The ICE BofA HY U.S. Corp, Cash Pay, BB-B 1-5 YR USD Index consists of BB-B rated U.S. dollar-denominated corporate bonds publicly issued in the U.S. domestic market with maturities of 1 to 5 years.

Source: ICE Data Indices, LLC. 

Source ICE Data Indices, LLC (“ICE”), used with permission. ICE PERMITS USE OF THE ICE BofAML INDICES AND RELATED DATA ON AN "AS IS" BASIS, MAKES NO WARRANTIES REGARDING SAME, DOES NOT GUARANTEE THE SUITABILITY, QUALITY, ACCURACY, TIMELINESS, AND/OR COMPLETENESS OF THE ICE BofAML INDICES OR ANY DATA INCLUDED IN, RELATED TO, OR DERIVED THEREFROM, ASSUMES NO LIABILITY IN CONNECTION WITH THE USE OF THE FOREGOING, AND DOES NOT SPONSOR, ENDORSE, OR RECOMMEND LORD ABBETT, OR ANY OF ITS PRODUCTS OR SERVICES.

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.

 

The Fund's portfolio is actively managed and portfolio characteristics, such as individual holdings and sector weightings may change significantly over time. The portfolio data is for information only. It does not constitute a recommendation or an offer for a particular security or fund, nor should it be taken as a solicitation or recommendation to buy or sell securities or other investments.  

 

Dividends and Capital Gains: The information presented in this section is intended for general information and is not intended to be relied upon and should not be relied upon, as financial, legal or tax advice for any particular investor. We strongly recommend that you contact your financial, legal or tax advisor regarding your particular tax situation.

The information presented in this section is not written or intended to be used, and cannot be used, for the purpose of avoiding any tax liabilities or penalties.

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