LSYSX | Short Duration High Yield Fund Class R4 | Lord Abbett

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Short Duration High Yield Fund

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

$9.52

$0.00

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

5.92%

Overall Morningstar Ratings

High Yield Bond
as of 08/31/2023

Morningstar rated the Lord Abbett Short Duration High Yield Fund class R4 share 4 stars among 628 High Yield Bond Funds for the overall rating and the 3 year periods ended 8/31/2023, respectively.

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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 08/31/2023

8.44%

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

  Subsidized2 Un-Subsidized3
w/o sales charge 7.66% 7.63%

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

Fund Basicsas of 08/31/2023

Total Net Assets
$1.40 B
Inception Date
05/01/2020
Dividend Frequency
Monthly
Fund Gross Expense Ratio
1.65%
Fund Net Expense Ratio
0.70%
Number of Holdings
716

Fund Expense Ratio :

Gross 1.65%

Net 0.70%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/30/2020
w/o sales charge 6.38% 7.21% 3.46% - - 5.71%
Lipper Category Avg. Short High Yield Funds 5.83% 6.62% 3.00% - - -
ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD Index 6.32% 7.46% 3.10% - - 5.59%
w/ sales charge 6.38% 7.21% 3.46% - - 5.71%

Fund Expense Ratio :

Gross 1.65%

Net 0.70%

Fund Expense Ratio :

Gross 1.65%

Net 0.70%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/30/2020
w/o sales charge 4.76% 9.21% 4.48% - - 5.52%
Lipper Category Avg. Short High Yield Funds 4.25% 7.90% 3.71% - - -
ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD Index 4.68% 8.87% 4.07% - - 5.38%

Fund Expense Ratio :

Gross 1.65%

Net 0.70%

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 08/31/2023

8.44%

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

  Subsidized2 Un-Subsidized3
w/o sales charge 7.66% 7.63%

Fund Expense Ratio :

Gross 1.65%

Net 0.70%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/30/2020
w/o sales charge 6.38% 7.21% 3.46% - - 5.71%
Lipper Category Avg. Short High Yield Funds 5.83% 6.62% 3.00% - - -
ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD Index 6.32% 7.46% 3.10% - - 5.59%
w/ sales charge 6.38% 7.21% 3.46% - - 5.71%

Fund Expense Ratio :

Gross 1.65%

Net 0.70%

Fund Expense Ratio :

Gross 1.65%

Net 0.70%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/30/2020
w/o sales charge 4.76% 9.21% 4.48% - - 5.52%
Lipper Category Avg. Short High Yield Funds 4.25% 7.90% 3.71% - - -
ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD Index 4.68% 8.87% 4.07% - - 5.38%

Fund Expense Ratio :

Gross 1.65%

Net 0.70%

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 -5.80% -5.39%
2021 5.49% 4.87%
2020 13.88% 3.85%
Year Q1 Q2 Q3 Q4 Yearly Returns
2023 2.65% 2.06% - - 5.92%
2022 -2.12% -7.68% 0.48% 3.75% -5.80%
2021 1.93% 2.00% 0.70% 0.75% 5.49%
2020 - - 4.00% 5.34% 13.88%

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Rating Assets
High Yield Corporate
Bank Loans
CLO
Investment Grade Corporate
ABS
MBS
CMBS
Other
Cash
Rating Assets
Less than 1 year
1-3 years
3-5 years
5-7 years
7-10 years
Greater than 10 years

Credit Quality Distribution as of 08/31/2023

Rating Assets
AAA
AA
A
BBB
BB
B
CCC
<CCC
Not Rated

Portfolio Positioningas of 6/30/2023

  • The Fund continued to be focused on higher carry, short duration securities. High yield spreads have been grinding tighter throughout the first half of the year, finishing slightly above 400 bps in June. With declining recessionary concerns helping to compress spreads, our primary focus has shifted towards carry opportunities within the high yield universe. As primary markets have stabilized somewhat after a very slow 2022, we see the new issue high yield market as a strong source of carry. We added to the Fund’s Single-B credit exposure throughout the period, which we view as offering attractive yields to support this carry trade, and monetized positions in BBs as a source of funds that exhibited tight valuations. We also continue to prioritize sufficient liquidity given uncertainty with market reactions to Fed policy pause.

 

  • We continue to see opportunity in the Energy sector. The Energy sector continued to exhibit defensive characteristics, particularly as the high yield energy index trades at much tighter spreads than the overall high yield market. However, the sector pulled back this quarter amid a stretch of softer oil prices and concerns of a decreased global economic growth outlook. We reduced holdings that we believed yielded rich valuations as well as several lower-quality, higher beta high yield issues. However, we continue to believe that Energy issuers should continue to be supported by relatively higher oil prices given the ongoing inadequate global capacity issues. We also continue to view Energy as a much more defensive sector than in prior periods given relatively healthy balance sheets.

 

  • We see opportunity in the Transportation and Basic Industry sectors, while limiting exposure to the Media space. While Energy remains our largest overweight, we continue to favor investments in the Transportation and Basic Industry sectors. In Transportation, we remain broadly constructive on the Airlines sector, given strong travel bookings this summer and resilient consumer spending. We also favor investments in the Basic Industry sector, primarily companies within the Metals and Mining and Steel subsectors. We had also added to investments within the Building Materials subsector that yielded attractive entry points. The Fund maintained an underweight in sectors like media, where companies continued to struggle amid ongoing recessionary concerns. The Fund remains underweight the Media Content subsector, particularly as issuers reliant on advertising sales have been more sensitive to economic pullbacks. We expect these pressures to remain going forward.

 

  • Looking forward, we believe that high yield bonds may provide an opportunity to capture high-quality carry and equity-like returns. High yield has performed well during the first half of 2023 as positive developments in macroeconomic data have broadly counteracted recession concerns. However, we continue to monitor for signs of rising credit stress given the surge in interest rates and tightening in credit lending over the last 12 months. As a reflection of this stance, we enter the back half of the year modestly underweight the lowest segment of CCC bonds in the high yield strategy. A growth slowdown and deterioration in credit metrics, particularly within CCCs, could potentially lead to the default rate climbing towards the long-term average above 3% in the second half of 2023 into 2024. However, it is important to consider that U.S. high yield issuers overall continue to boast much stronger balance sheets in aggregate than at the start of prior slowdowns, with leverage and interest rate coverage around their strongest levels since post-GFC. The high yield index also has maintained its higher quality tilt in recent months with approximately 50% comprised of BBs. Additionally, a starting YTW for the asset class north of 8% has historically translated into strong forward returns for investors. While there are many variables in every default cycle, we believe the high yield asset class can continue to be an attractive carry opportunity for investors, particularly if high yield spreads remain relatively range bound in the near term.

 

 

PORTFOLIO DETAILS as of 08/31/2023

Total Net Assets
$1.40 B
Average Effective Duration
1.85 Years
Average Maturity
3.8 Years
Number of Issues
716
Average Yield to Maturity
8.44%

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 1.0%
Carnival Corp 7.625% 03/01/2026 0.8%
CCO Holdings LLC / CCO Holdings Capital Corp 6.375% 09/01/2029 0.8%
Carnival Corp 5.750% 03/01/2027 0.7%
Royal Caribbean Cruises Ltd 11.625% 08/15/2027 0.6%
DISH Network Corp 11.750% 11/15/2027 0.6%
Vital Energy Inc 10.125% 01/15/2028 0.6%
CCO Holdings LLC / CCO Holdings Capital Corp 5.125% 05/01/2027 0.6%
Vermilion Energy Inc 5.625% 03/15/2025 0.5%
Venture Global LNG Inc 8.125% 06/01/2028 0.5%
% of Total Assets 6.7%
Holding Coupon Maturity Assets
Ford Motor Credit Co LLC7.350% 11/04/20271.1%
Royal Caribbean Cruises Ltd11.625% 08/15/20270.8%
Carnival Corp7.625% 03/01/20260.8%
Carnival Corp5.750% 03/01/20270.7%
CCO Holdings LLC / CCO Holdings Capital Corp5.125% 05/01/20270.7%
Bombardier Inc7.875% 04/15/20270.6%
Ford Credit Canada Co7.375% 05/12/20260.5%
Mauser Packaging Solutions Holding Co7.875% 08/15/20260.5%
Vital Energy Inc10.125% 01/15/20280.5%
American Airlines Inc7.250% 02/15/20280.5%
Venture Global LNG Inc8.125% 06/01/20280.5%
TORONTO DOMINION BANK THE0.010% 08/01/20230.5%
SM Energy Co6.625% 01/15/20270.5%
Earthstone Energy Holdings LLC8.000% 04/15/20270.5%
Berry Petroleum Co LLC7.000% 02/15/20260.5%
Crescent Energy Finance LLC9.250% 02/15/20280.5%
Tenet Healthcare Corp6.125% 10/01/20280.5%
Aethon United BR LP / Aethon United Finance Corp8.250% 02/15/20260.5%
CHS/Community Health Systems Inc8.000% 03/15/20260.5%
Baytex Energy Corp8.750% 04/01/20270.5%
DISH Network Corp11.750% 11/15/20270.4%
Hilcorp Energy I LP / Hilcorp Finance Co6.250% 11/01/20280.4%
ELMWOOD CLO 18 LTD8.115% 07/17/20330.4%
Legacy LifePoint Health LLC6.750% 04/15/20250.4%
Tap Rock Resources LLC7.000% 10/01/20260.4%
Connect Finco SARL / Connect US Finco LLC6.750% 10/01/20260.4%
Sirius XM Radio Inc5.000% 08/01/20270.4%
Gulfport Energy Corp8.000% 05/17/20260.4%
Vermilion Energy Inc5.625% 03/15/20250.4%
Fortress Transportation and Infrastructure Investors LLC6.500% 10/01/20250.4%
Ford Motor Credit Co LLC5.584% 03/18/20240.4%
Atrium IX7.521% 05/28/20300.4%
American Airlines Inc11.750% 07/15/20250.4%
Chord Energy Corp6.375% 06/01/20260.4%
Gray Television Inc7.000% 05/15/20270.4%
Service Properties Trust7.500% 09/15/20250.4%
Vistra Operations Co LLC5.625% 02/15/20270.4%
Civitas Resources Inc8.375% 07/01/20280.4%
Magnolia Oil & Gas Operating LLC / Magnolia Oil & Gas Finance Corp6.000% 08/01/20260.4%
CHS/Community Health Systems Inc8.000% 12/15/20270.4%
Ascent Resources Utica Holdings LLC / ARU Finance Corp7.000% 11/01/20260.3%
Allied Universal Holdco LLC / Allied Universal Finance Corp9.750% 07/15/20270.3%
Rad CLO 20 Ltd8.365% 07/20/20360.3%
Arrow Electronics Inc0.000% 08/18/20230.3%
Permian Resources Operating LLC7.750% 02/15/20260.3%
Frontier Communications Holdings LLC5.000% 05/01/20280.3%
Kosmos Energy Ltd7.125% 04/04/20260.3%
CITGO Petroleum Corp6.375% 06/15/20260.3%
Allied Universal Holdco LLC / Allied Universal Finance Corp6.625% 07/15/20260.3%
Patrick Industries Inc7.500% 10/15/20270.3%
American Axle & Manufacturing Inc6.500% 04/01/20270.3%
OneMain Finance Corp6.125% 03/15/20240.3%
Vistra Corp7.000% 06/15/21720.3%
Avolon Holdings Funding Ltd5.500% 01/15/20260.3%
Frontier Communications Holdings LLC9.183% 05/01/20280.3%
TransDigm Inc5.500% 11/15/20270.3%
HAT Holdings I LLC / HAT Holdings II LLC6.000% 04/15/20250.3%
Select Medical Corp6.250% 08/15/20260.3%
Global Aircraft Leasing Co Ltd6.500% 09/15/20240.3%
Univision Communications Inc6.625% 06/01/20270.3%
EQM Midstream Partners LP7.500% 06/01/20270.3%
Hawaiian Brand Intellectual Property Ltd / HawaiianMiles Loyalty Ltd5.750% 01/20/20260.3%
Altice France SA/France2.500% 01/15/20250.3%
Matador Resources Co5.875% 09/15/20260.3%
Freedom Mortgage Corp8.125% 11/15/20240.3%
Iliad Holding SASU6.500% 10/15/20260.3%
PDC Energy Inc5.750% 05/15/20260.3%
Cinemark USA Inc5.875% 03/15/20260.3%
Advisor Group Holdings Inc10.750% 08/01/20270.3%
Dryden 61 Clo Ltd7.320% 01/17/20320.3%
Xerox Holdings Corp5.000% 08/15/20250.3%
Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer6.750% 04/15/20280.3%
Directv Financing LLC / Directv Financing Co-Obligor Inc5.875% 08/15/20270.3%
Calpine Corp5.125% 03/15/20280.3%
California Resources Corp7.125% 02/01/20260.3%
Comstock Resources Inc6.750% 03/01/20290.3%
Warrior Met Coal Inc7.875% 12/01/20280.3%
Husky III Holding Ltd13.000% 02/15/20250.3%
VistaJet Malta Finance PLC / Vista Management Holding Inc7.875% 05/01/20270.3%
FirstCash Inc4.625% 09/01/20280.3%
Hudbay Minerals Inc4.500% 04/01/20260.3%
CCO Holdings LLC / CCO Holdings Capital Corp6.375% 09/01/20290.3%
Air Canada3.875% 08/15/20260.3%
Ford Motor Credit Co LLC6.800% 05/12/20280.3%
Triumph Group Inc9.000% 03/15/20280.3%
BEP Ulterra Holdings Inc10.669% 11/26/20250.3%
LABL Inc9.500% 11/01/20280.3%
Allegiant Travel Co7.250% 08/15/20270.3%
Heathrow Finance PLC5.750% 03/03/20250.3%
Rivian Automotive Inc4.625% 03/15/20290.3%
Jabil Inc0.000% 08/07/20230.3%
TransDigm Inc6.375% 06/15/20260.3%
Brookfield Infrastructure Holdings Canada Inc0.000% 08/09/20230.3%
Walgreens Boots Alliance Inc0.000% 08/14/20230.3%
Caesars Entertainment Inc8.125% 07/01/20270.3%
Wynn Macau Ltd5.500% 10/01/20270.3%
CITGO Petroleum Corp7.000% 06/15/20250.3%
Intesa Sanpaolo SpA5.710% 01/15/20260.2%
Studio City Co Ltd7.000% 02/15/20270.2%
Service Properties Trust5.250% 02/15/20260.2%
SierraCol Energy Andina LLC6.000% 06/15/20280.2%
Alteryx Inc8.750% 03/15/20280.2%
Madison IAQ LLC8.302% 06/21/20280.2%
EquipmentShare.com Inc9.000% 05/15/20280.2%
Asurion LLC9.419% 08/19/20280.2%
USA Compression Partners LP / USA Compression Finance Corp6.875% 04/01/20260.2%
Lumen Technologies Inc4.000% 02/15/20270.2%
Rockcliff Energy II LLC5.500% 10/15/20290.2%
CNX Resources Corp7.250% 03/14/20270.2%
ANCHORAGE CAPITAL CLO 1-R LTD7.013% 04/13/20310.2%
LCPR Senior Secured Financing DAC6.750% 10/15/20270.2%
Sizzling Platter LLC / Sizzling Platter Finance Corp8.500% 11/28/20250.2%
WINDSOR HOLDINGS III LLC0.000% 06/21/20300.2%
Brinker International Inc5.000% 10/01/20240.2%
PennyMac Financial Services Inc5.375% 10/15/20250.2%
JPMorgan Chase & Co4.000% 10/01/21710.2%
CSC Holdings LLC11.250% 05/15/20280.2%
RealPage Inc8.433% 04/24/20280.2%
Petroleos Mexicanos6.490% 01/23/20270.2%
DaVita Inc4.625% 06/01/20300.2%
Baffinland Iron Mines Corp / Baffinland Iron Mines LP8.750% 07/15/20260.2%
Smyrna Ready Mix Concrete LLC6.000% 11/01/20280.2%
Callon Petroleum Co8.000% 08/01/20280.2%
Enerflex Ltd9.000% 10/15/20270.2%
Lindblad Expeditions LLC6.750% 02/15/20270.2%
PetSmart LLC9.169% 02/11/20280.2%
Life Time Inc5.750% 01/15/20260.2%
CCM Merger Inc6.375% 05/01/20260.2%
Owens-Brockway Glass Container Inc6.625% 05/13/20270.2%
W&T Offshore Inc11.750% 02/01/20260.2%
NRG Energy Inc6.625% 01/15/20270.2%
US Acute Care Solutions LLC6.375% 03/01/20260.2%
NMG Holding Co Inc / Neiman Marcus Group LLC7.125% 04/01/20260.2%
Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp6.000% 03/01/20270.2%
Seagate HDD Cayman8.250% 12/15/20290.2%
Garda World Security Corp7.750% 02/15/20280.2%
OneMain Finance Corp6.875% 03/15/20250.2%
Avis Budget Car Rental LLC / Avis Budget Finance Inc5.750% 07/15/20270.2%
City Football Group Ltd8.406% 07/21/20280.2%
Rain CII Carbon LLC / CII Carbon Corp7.250% 04/01/20250.2%
Navient Corp6.750% 06/15/20260.2%
CPUK Finance Ltd4.875% 02/28/20470.2%
Akbank TAS5.125% 03/31/20250.2%
Alta Equipment Group Inc5.625% 04/15/20260.2%
Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp5.500% 03/01/20250.2%
Brandywine Operating Partnership LP4.100% 10/01/20240.2%
Herc Holdings Inc5.500% 07/15/20270.2%
GrafTech Global Enterprises Inc9.875% 12/15/20280.2%
Amynta Agency Borrower Inc10.419% 02/28/20280.2%
Manitowoc Co Inc/The9.000% 04/01/20260.2%
Telecom Italia SpA/Milano5.303% 05/30/20240.2%
PBF Holding Co LLC / PBF Finance Corp6.000% 02/15/20280.2%
Forvia2.625% 06/15/20250.2%
Q-Park Holding I BV2.000% 03/01/20270.2%
Capstone Borrower Inc8.000% 06/15/20300.2%
LBM Acquisition LLC9.169% 12/17/20270.2%
Park River Holdings Inc8.522% 12/28/20270.2%
Nexstar Media Inc4.750% 11/01/20280.2%
WEA Finance LLC / Westfield UK & Europe Finance PLC3.750% 09/17/20240.2%
Nationstar Mortgage Holdings Inc6.000% 01/15/20270.2%
Standard Industries Inc/NJ5.000% 02/15/20270.2%
Kaiser Aluminum Corp4.625% 03/01/20280.2%
Emera Inc6.750% 06/15/20760.2%
MGM Resorts International5.500% 04/15/20270.2%
Gatwick Airport Finance PLC4.375% 04/07/20260.2%
New York Community Bancorp Inc5.900% 11/06/20280.2%
NCL Corp Ltd5.875% 03/15/20260.2%
Brazos Delaware II LLC8.944% 02/11/20300.2%
Transocean Inc7.250% 11/01/20250.2%
Ashton Woods USA LLC / Ashton Woods Finance Co6.625% 01/15/20280.2%
Civitas Resources Inc5.000% 10/15/20260.2%
XPO Inc6.250% 06/01/20280.2%
Carnival Holdings Bermuda Ltd10.375% 05/01/20280.2%
Rolls-Royce PLC5.750% 10/15/20270.2%
Evergreen Acqco 1 LP / TVI Inc9.750% 04/26/20280.2%
Armor Holdco Inc8.500% 11/15/20290.2%
Encino Acquisition Partners Holdings LLC8.500% 05/01/20280.2%
Royal Caribbean Cruises Ltd4.250% 07/01/20260.2%
Legends Hospitality Holding Co LLC / Legends Hospitality Co-Issuer Inc5.000% 02/01/20260.2%
Starwood Property Trust Inc4.750% 03/15/20250.2%
JB Poindexter & Co Inc7.125% 04/15/20260.2%
Dexko Global Inc9.254% 10/04/20280.2%
United Group BV6.573% 02/15/20260.2%
ASP Unifrax Holdings Inc5.250% 09/30/20280.2%
Jazz Financing Lux Sarl8.933% 04/21/20280.2%
Sierra Timeshare 2023-1 Receivables Funding LLC9.800% 01/20/20400.2%
JW Aluminum Continuous Cast Co10.250% 06/01/20260.2%
Mineral Resources Ltd8.000% 11/01/20270.2%
Navient Corp5.875% 10/25/20240.2%
ACProducts Holdings Inc9.754% 05/17/20280.2%
LSF11 A5 HoldCo LLC9.669% 10/15/20280.2%
Cloud Software Group Inc6.500% 03/31/20290.2%
Northriver Midstream Finance LP5.625% 02/15/20260.2%
Triumph Group Inc7.750% 08/15/20250.2%
Nexstar Media Inc5.625% 07/15/20270.2%
Accor SA2.625% 04/30/21720.2%
SPX FLOW INC.9.919% 04/05/20290.2%
Renk AG/Frankfurt am Main5.750% 07/15/20250.2%
Service Logic Acquisition Inc9.433% 10/29/20270.2%
Popular Inc7.250% 03/13/20280.2%
Shea Homes LP / Shea Homes Funding Corp4.750% 02/15/20280.2%
Life Time Inc10.050% 01/15/20260.2%
Jane Street Group LLC8.183% 01/26/20280.2%
WASH Multifamily Acquisition Inc5.750% 04/15/20260.2%
Pinnacle Bidco PLC5.500% 02/15/20250.2%
Uniti Group LP / Uniti Group Finance Inc / CSL Capital LLC10.500% 02/15/20280.2%
Advisor Group Holdings Inc9.933% 07/31/20260.2%
Travel + Leisure Co6.625% 07/31/20260.2%
Medline Borrower LP8.683% 10/23/20280.2%
Affirm Asset Securitization Trust 2023-A7.180% 01/18/20280.2%
DCG Acquisition Corp9.919% 09/30/20260.2%
ILFC E-Capital Trust II7.314% 12/21/20650.2%
Melco Resorts Finance Ltd5.750% 07/21/20280.2%
SeaWorld Parks & Entertainment Inc5.250% 08/15/20290.2%
Freddie Mac Structured Agency Credit Risk Debt Notes9.069% 07/25/20420.2%
Array Technologies Inc8.675% 10/14/20270.2%
Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp5.250% 05/15/20270.2%
Adient Global Holdings Ltd7.000% 04/15/20280.2%
Gen Digital Inc7.419% 09/12/20290.2%
Connecticut Avenue Securities Trust 2023-R018.819% 12/25/20420.2%
CVR Partners LP / CVR Nitrogen Finance Corp6.125% 06/15/20280.2%
M/I Homes Inc4.950% 02/01/20280.2%
Prime Security Services Borrower LLC / Prime Finance Inc5.750% 04/15/20260.2%
SunCoke Energy Inc4.875% 06/30/20290.2%
WESCO Distribution Inc7.125% 06/15/20250.2%
Finnair Oyj4.250% 05/19/20250.2%
Calderys Financing LLC11.250% 06/01/20280.2%
Altice France SA/France8.125% 02/01/20270.2%
Elanco Animal Health Inc6.650% 08/28/20280.2%
Tenet Healthcare Corp5.125% 11/01/20270.2%
Zekelman Industries Inc7.378% 01/24/20270.2%
Bombardier Inc6.000% 02/15/20280.2%
Univision Communications Inc8.000% 08/15/20280.2%
Citgo Holding Inc9.250% 08/01/20240.2%
NOURYON FINANCE B V9.318% 04/03/20280.2%
Pactiv Evergreen Group Holdings Inc8.683% 09/24/20280.2%
Teva Pharmaceutical Finance Netherlands III BV7.125% 01/31/20250.2%
TRI Pointe Group Inc / TRI Pointe Homes Inc5.875% 06/15/20240.2%
Nabors Industries Inc7.375% 05/15/20270.2%
CVENT INC9.004% 06/17/20300.2%
IHO Verwaltungs GmbH4.750% 09/15/20260.2%
QUARTZ ACQUIRECO LLC8.817% 06/28/20300.2%
Cinemark USA Inc8.992% 05/24/20300.2%
UBS AG5.125% 05/15/20240.2%
Altice Financing SA2.250% 01/15/20250.2%
Oryx Midstream Services Permian Basin LLC8.505% 10/05/20280.2%
Banco Mercantil del Norte SA/Grand Cayman6.750% 09/27/21710.2%
Full House Resorts Inc8.250% 02/15/20280.2%
Clarios Global LP9.069% 05/06/20300.2%
Quikrete Holdings Inc8.058% 02/01/20270.2%
Turkiye Petrol Rafinerileri AS4.500% 10/18/20240.2%
United Airlines Inc9.292% 04/21/20280.2%
Anchorage Capital CLO 4-R Ltd7.477% 01/28/20310.2%
Chobani LLC / Chobani Finance Corp Inc4.625% 11/15/20280.2%
BHMS 2018-ATLS6.519% 07/15/20350.2%
PeopleCert Wisdom Issuer PLC5.750% 09/15/20260.2%
Southwick Park CLO LLC7.538% 07/20/20320.2%
Neuberger Berman Loan Advisers CLO 26 Ltd7.322% 10/18/20300.2%
Albion Financing 2SARL8.750% 04/15/20270.2%
Newell Brands Inc4.875% 06/01/20250.2%
TK Elevator US Newco Inc9.381% 07/30/20270.2%
Eco Material Technologies Inc7.875% 01/31/20270.2%
Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC6.500% 02/15/20280.2%
Aston Martin Capital Holdings Ltd10.500% 11/30/20250.2%
Methanex Corp5.125% 10/15/20270.2%
Cimpress PLC7.000% 06/15/20260.2%
Summit Behavioral Healthcare LLC13.237% 11/26/20290.2%
Vertex Aerospace Services Corp9.055% 12/06/20280.2%
ATI Inc5.875% 12/01/20270.2%
Chobani LLC / Chobani Finance Corp Inc7.500% 04/15/20250.2%
Century Communities Inc6.750% 06/01/20270.2%
Dana Inc5.625% 06/15/20280.2%
Natura Cosmeticos SA4.125% 05/03/20280.2%
Jazz Acquisition Inc9.419% 06/19/20260.2%
Delek Logistics Partners LP / Delek Logistics Finance Corp7.125% 06/01/20280.2%
Heartland Dental LLC / Heartland Dental Finance Corp8.500% 05/01/20260.2%
Open Text Corp8.919% 01/31/20300.2%
Rand Parent LLC8.500% 02/15/20300.2%
IRB Holding Corp8.419% 12/15/20270.2%
Genting New York LLC / GENNY Capital Inc3.300% 02/15/20260.2%
Vector Group Ltd10.500% 11/01/20260.2%
NBM US Holdings Inc7.000% 05/14/20260.2%
AMC Entertainment Holdings Inc8.202% 04/22/20260.2%
Bombardier Inc7.500% 02/01/20290.2%
Inter Media and Communication SpA6.750% 02/09/20270.1%
Heartland Dental LLC / Heartland Dental Finance Corp10.500% 04/30/20280.1%
Rakuten Group Inc10.250% 11/30/20240.1%
Transocean Inc7.500% 01/15/20260.1%
Griffon Corp5.750% 03/01/20280.1%
Scripps Escrow Inc5.875% 07/15/20270.1%
Cengage Learning Inc10.323% 07/14/20260.1%
GPS Hospitality Holding Co LLC / GPS Finco Inc7.000% 08/15/20280.1%
TransDigm Inc8.492% 02/22/20270.1%
WaterBridge Midstream Operating LLC11.363% 06/22/20260.1%
Madison Park Funding XXXIV Ltd7.763% 04/25/20320.1%
Flagship Credit Auto Trust 2023-210.890% 07/15/20300.1%
TransDigm Inc6.750% 08/15/20280.1%
Univision Communications Inc8.683% 03/15/20260.1%
Hecla Mining Co7.250% 02/15/20280.1%
Datadog Inc0.125% 06/15/20250.1%
Spirit Loyalty Cayman Ltd / Spirit IP Cayman Ltd8.000% 09/20/20250.1%
Weatherford International Ltd8.625% 04/30/20300.1%
Energizer Holdings Inc6.500% 12/31/20270.1%
HubSpot Inc0.375% 06/01/20250.1%
Nine Energy Service Inc13.000% 02/01/20280.1%
Trivium Packaging Finance BV7.073% 08/15/20260.1%
Ball Corp6.875% 03/15/20280.1%
Madison Park Funding XXXI Ltd8.607% 01/23/20310.1%
Stonegate Pub Co Financing 2019 PLC8.250% 07/31/20250.1%
Kernel Holding SA6.500% 10/17/20240.1%
Empire Resorts Inc7.750% 11/01/20260.1%
Precision Drilling Corp7.125% 01/15/20260.1%
Six Flags Theme Parks Inc7.169% 04/17/20260.1%
NCL Corp Ltd5.875% 02/15/20270.1%
Ardagh Packaging Finance PLC / Ardagh Holdings USA Inc4.125% 08/15/20260.1%
Antero Midstream Partners LP / Antero Midstream Finance Corp5.750% 03/01/20270.1%
Dave & Buster's Inc7.625% 11/01/20250.1%
Nordstrom Inc4.000% 03/15/20270.1%
Bath & Body Works Inc6.694% 01/15/20270.1%
Freddie Mac STACR REMIC Trust 2022-DNA59.569% 06/25/20420.1%
Carlyle US CLO 2021-7 LTD8.670% 10/15/20350.1%
CSI Compressco LP / CSI Compressco Finance Inc7.500% 04/01/20250.1%
Organon & Co8.257% 06/02/20280.1%
Douglas GmbH6.000% 04/08/20260.1%
888 ACQUISITIONS LIMITED10.115% 07/01/20280.1%
MGM China Holdings Ltd5.875% 05/15/20260.1%
Valaris Ltd8.375% 04/30/20300.1%
Royal Caribbean Cruises Ltd8.250% 01/15/20290.1%
NOVA Chemicals Corp5.250% 06/01/20270.1%
Warnermedia Holdings Inc6.412% 03/15/20260.1%
Alliance Resource Operating Partners LP / Alliance Resource Finance Corp7.500% 05/01/20250.1%
Bentley Systems Inc0.125% 01/15/20260.1%
Gen Digital Inc6.750% 09/30/20270.1%
MKS Instruments Inc8.155% 08/17/20290.1%
Oscar Acquisitionco LLC9.842% 04/29/20290.1%
Cloud Software Group Inc9.000% 09/30/20290.1%
Select Medical Corp7.805% 03/06/20250.1%
Holly Energy Partners LP / Holly Energy Finance Corp6.375% 04/15/20270.1%
ULTIMATE SOFTWARE GROUP INC.9.776% 05/04/20260.1%
Uber Technologies Inc7.988% 03/03/20300.1%
Sinclair Television Group Inc7.933% 09/30/20260.1%
Cleveland-Cliffs Inc5.875% 06/01/20270.1%
GYP Holdings III Corp8.319% 05/12/20300.1%
eDreams ODIGEO SA5.500% 07/15/20270.1%
Scientific Games International Inc8.302% 04/14/20290.1%
Live Nation Entertainment Inc7.114% 10/17/20260.1%
FAGE International SA / FAGE USA Dairy Industry Inc5.625% 08/15/20260.1%
Wand NewCo 3 Inc8.169% 02/05/20260.1%
Rocket Software Inc9.683% 11/28/20250.1%
Novafives SAS8.026% 06/15/20250.1%
Crescent Energy Finance LLC7.250% 05/01/20260.1%
Verscend Escrow Corp9.750% 08/15/20260.1%
Fertitta Entertainment LLC/NV9.319% 01/27/20290.1%
Northwest Fiber LLC / Northwest Fiber Finance Sub Inc4.750% 04/30/20270.1%
Mersin Uluslararasi Liman Isletmeciligi AS5.375% 11/15/20240.1%
AerCap Global Aviation Trust6.500% 06/15/20450.1%
ZF North America Capital Inc7.125% 04/14/20300.1%
KLX Energy Services Holdings Inc11.500% 11/01/20250.1%
Spirit AeroSystems Inc7.500% 04/15/20250.1%
Madison Park Funding XXV Ltd8.963% 04/25/20290.1%
McAfee Corp8.963% 03/01/20290.1%
Helix Gen Funding LLC10.061% 12/03/20270.1%
Exact Sciences Corp2.000% 03/01/20300.1%
CPUK Finance Ltd4.500% 08/28/20270.1%
NESCO Holdings II Inc5.500% 04/15/20290.1%
AI Candelaria Spain SA7.500% 12/15/20280.1%
G-III Apparel Group Ltd7.875% 08/15/20250.1%
Enviri Corp5.750% 07/31/20270.1%
Chemours Co/The5.375% 05/15/20270.1%
Par Petroleum LLC9.614% 02/28/20300.1%
IHO Verwaltungs GmbH8.750% 05/15/20280.1%
Rolls-Royce PLC3.625% 10/14/20250.1%
Kobe US Midco 2 Inc9.250% 11/01/20260.1%
Booking Holdings Inc0.750% 05/01/20250.1%
Fortress Transportation and Infrastructure Investors LLC5.500% 05/01/20280.1%
Weekley Homes LLC / Weekley Finance Corp4.875% 09/15/20280.1%
CIFC Funding 2020-I Ltd8.670% 07/15/20360.1%
LSB Industries Inc6.250% 10/15/20280.1%
Esdec Solar Group BV9.960% 08/30/20280.1%
Global Partners LP / GLP Finance Corp7.000% 08/01/20270.1%
Huarong Finance II Co Ltd5.000% 11/19/20250.1%
Jones Deslauriers Insurance Management Inc8.500% 03/15/20300.1%
West China Cement Ltd4.950% 07/08/20260.1%
Ford Motor Credit Co LLC3.815% 11/02/20270.1%
MHP SE7.750% 05/10/20240.1%
ARSENAL AIC PARENT LLC0.000% 07/26/20300.1%
American Airlines Inc/AAdvantage Loyalty IP Ltd5.500% 04/20/20260.1%
Benteler International AG10.500% 05/15/20280.1%
Grinding Media Inc9.242% 10/12/20280.1%
Matador Resources Co6.875% 04/15/20280.1%
John Bean Technologies Corp0.250% 05/15/20260.1%
Ardagh Packaging Finance PLC / Ardagh Holdings USA Inc5.250% 04/30/20250.1%
BCP V Modular Services Finance II PLC6.125% 11/30/20280.1%
Grifols SA4.750% 10/15/20280.1%
Calumet Specialty Products Partners LP / Calumet Finance Corp8.125% 01/15/20270.1%
Canpack SA / Canpack US LLC3.125% 11/01/20250.1%
Noble Finance II LLC8.000% 04/15/20300.1%
United States Steel Corp6.875% 03/01/20290.1%
Catalent Pharma Solutions Inc5.000% 07/15/20270.1%
Allwyn Entertainment Financing UK PLC7.875% 04/30/20290.1%
Eskom Holdings SOC Ltd6.750% 08/06/20230.1%
China Hongqiao Group Ltd6.250% 06/08/20240.1%
Callon Petroleum Co6.375% 07/01/20260.1%
Arrow Electronics Inc6.125% 03/01/20260.1%
Ford Motor Credit Co LLC6.860% 06/05/20260.1%
Boxer Parent Co Inc7.125% 10/02/20250.1%
Electricite de France SA5.625% 07/22/21720.1%
Astoria Energy LLC8.933% 12/10/20270.1%
Park-Ohio Industries Inc6.625% 04/15/20270.1%
Eskom Holdings SOC Ltd7.125% 02/11/20250.1%
AA Bond Co Ltd6.500% 01/31/20260.1%
CHART INDUSTRIES INC0.000% 12/15/20250.1%
VOC Escrow Ltd5.000% 02/15/20280.1%
IMA Industria Macchine Automatiche SpA3.750% 01/15/20280.1%
Permian Resources Operating LLC6.875% 04/01/20270.1%
TK Elevator Midco GmbH4.375% 07/15/20270.1%
United Overseas Bank Ltd3.875% 04/19/21720.1%
UBS Group AG6.373% 07/15/20260.1%
Azul Secured Finance LLP11.930% 08/28/20280.1%
H&E Equipment Services Inc3.875% 12/15/20280.1%
International Game Technology PLC6.250% 01/15/20270.1%
Stena International SA7.250% 02/15/20280.1%
Mohegan Tribal Gaming Authority8.000% 02/01/20260.1%
PARKWAY GENERATION LLC10.275% 02/18/20290.1%
Performance Food Group Inc5.500% 10/15/20270.1%
Compass Minerals International Inc6.750% 12/01/20270.1%
Tenet Healthcare Corp6.250% 02/01/20270.1%
Petco Health & Wellness Co Inc8.754% 03/03/20280.1%
ON Semiconductor Corp0.500% 03/01/20290.1%
MEG Energy Corp5.875% 02/01/20290.1%
Vistra Operations Co LLC5.125% 05/13/20250.1%
CSN Inova Ventures6.750% 01/28/20280.1%
Tyler Technologies Inc0.250% 03/15/20260.1%
RHP Hotel Properties LP / RHP Finance Corp7.250% 07/15/20280.1%
Acadia Healthcare Co Inc5.500% 07/01/20280.1%
Wyndham Hotels & Resorts Inc4.375% 08/15/20280.1%
Enviri Corp7.683% 03/10/20280.1%
Constellation Renewables LLC8.025% 12/15/20270.1%
Directv Financing LLC10.433% 08/02/20270.1%
Dexcom Inc0.375% 05/15/20280.1%
Mauser Packaging Solutions Holding Co9.250% 04/15/20270.1%
Oceaneering International Inc6.000% 02/01/20280.1%
Pactiv Evergreen Group Issuer Inc/Pactiv Evergreen Group Issuer LLC4.000% 10/15/20270.1%
Physician Partners LLC9.392% 12/23/20280.1%
BCPE Empire Holdings Inc10.069% 12/11/20280.1%
Liberty Media Corp-Liberty Formula One2.250% 08/15/20270.1%
Carrols Restaurant Group Inc8.669% 04/30/20260.1%
Aviation Capital Group LLC6.250% 04/15/20280.1%
SS&C Technologies Inc7.669% 03/22/20290.1%
Caesars Entertainment Inc6.250% 07/01/20250.1%
Jefferson Capital Holdings LLC6.000% 08/15/20260.1%
Ardagh Packaging Finance PLC / Ardagh Holdings USA Inc5.250% 08/15/20270.1%
Churchill Downs Inc5.500% 04/01/20270.1%
Millennium Escrow Corp6.625% 08/01/20260.1%
Murphy Oil Corp6.375% 07/15/20280.1%
Pike Corp5.500% 09/01/20280.1%
Castlelake Aviation One DAC8.004% 10/22/20270.1%
Taseko Mines Ltd7.000% 02/15/20260.1%
United Airlines Inc4.375% 04/15/20260.1%
Coronado Finance Pty Ltd10.750% 05/15/20260.1%
Jacobs Entertainment Inc6.750% 02/15/20290.1%
Hughes Satellite Systems Corp6.625% 08/01/20260.1%
BRAND INDUSTRIAL SERVICES INC0.000% 07/25/20300.1%
AMN Healthcare Inc4.625% 10/01/20270.1%
Frontier Communications Holdings LLC5.875% 10/15/20270.1%
EnQuest PLC11.625% 11/01/20270.1%
Seadrill Finance Ltd8.375% 08/01/20300.1%
McGraw-Hill Education Inc5.750% 08/01/20280.1%
Urban One Inc7.375% 02/01/20280.1%
Anchorage Capital CLO 6 Ltd7.320% 07/15/20300.1%
PBF Holding Co LLC / PBF Finance Corp7.250% 06/15/20250.1%
Autokiniton US Holdings Inc9.933% 04/06/20280.1%
PRA Group Inc8.375% 02/01/20280.1%
Viking Cruises Ltd5.875% 09/15/20270.1%
DraftKings Holdings Inc0.000% 03/15/20280.1%
Hertz Corp/The4.625% 12/01/20260.1%
Forestar Group Inc3.850% 05/15/20260.1%
Sotheby's7.375% 10/15/20270.1%
Midcap Financial Issuer Trust6.500% 05/01/20280.1%
EFS Cogen Holdings I LLC9.010% 10/01/20270.1%
New Enterprise Stone & Lime Co Inc9.750% 07/15/20280.1%
Southwestern Energy Co8.375% 09/15/20280.1%
Stena International SA6.125% 02/01/20250.1%
Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC6.000% 06/15/20270.1%
Chesapeake Energy Corp5.500% 02/01/20260.1%
Ford Motor Credit Co LLC6.125% 05/15/20280.1%
SCIL IV LLC / SCIL USA Holdings LLC5.375% 11/01/20260.1%
Northwest Fiber LLC / Northwest Fiber Finance Sub Inc6.000% 02/15/20280.1%
Precision Drilling Corp6.875% 01/15/20290.1%
Palo Alto Networks Inc0.375% 06/01/20250.1%
XPO Escrow Sub LLC7.500% 11/15/20270.1%
Amsted Industries Inc5.625% 07/01/20270.1%
OneMain Finance Corp7.125% 03/15/20260.1%
VF Ukraine PAT via VFU Funding PLC6.200% 02/11/20250.1%
LABL Inc6.750% 07/15/20260.1%
AAdvantage Loyalty IP Ltd10.338% 04/20/20280.1%
Emerald Debt Merger Sub LLC6.625% 12/15/20300.1%
Alloy Finco Ltd0.500% 03/06/20250.1%
CommScope Inc6.000% 03/01/20260.1%
Juventus Football Club SpA3.375% 02/19/20240.1%
Regatta XIII Funding Ltd7.670% 07/15/20310.1%
Boyne USA Inc4.750% 05/15/20290.1%
Murphy Oil USA Inc5.625% 05/01/20270.1%
Catalent Pharma Solutions Inc7.406% 02/22/20280.1%
Country Garden Holdings Co Ltd8.000% 01/27/20240.1%
OHA Credit Partners XIV Ltd7.395% 01/21/20300.1%
Williams Scotsman International Inc4.625% 08/15/20280.1%
AL GCX Holdings LLC8.777% 05/17/20290.1%
Madison Park Funding XLV Ltd8.720% 07/15/20340.1%
THL Credit Wind River 2019-3 Clo Ltd7.770% 04/15/20310.1%
SEG Holding LLC / SEG Finance Corp5.625% 10/15/20280.1%
Energizer Holdings Inc4.750% 06/15/20280.1%
Forestar Group Inc5.000% 03/01/20280.1%
Transocean Inc11.500% 01/30/20270.1%
SPECTACLE GARY HOLDINGS LLC9.769% 12/10/20280.1%
Castlelake Aviation Finance DAC5.000% 04/15/20270.1%
Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC4.625% 01/15/20270.1%
Dave & Buster's Inc9.188% 06/29/20290.1%
United Airlines Inc4.625% 04/15/20290.1%
Tri Pointe Homes Inc5.250% 06/01/20270.1%
ZF North America Capital Inc6.875% 04/14/20280.1%
CQP Holdco LP8.919% 06/05/20280.1%
Ziggo Bond Co BV6.000% 01/15/20270.1%
TerraForm Power Operating LLC5.000% 01/31/20280.1%
Catalent Pharma Solutions Inc2.375% 03/01/20280.1%
Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp4.250% 02/01/20270.1%
SEB Funding LLC4.969% 01/30/20520.1%
Carnival Corp8.683% 10/18/20280.1%
SM Energy Co6.750% 09/15/20260.1%
Sealed Air Corp/Sealed Air Corp US6.125% 02/01/20280.1%
Chart Industries Inc9.105% 03/15/20300.1%
Air Baltic Corp AS6.750% 07/30/20240.1%
Clarios Global LP / Clarios US Finance Co6.750% 05/15/20280.1%
LABL Inc10.500% 07/15/20270.1%
Iceland Bondco PLC10.875% 12/15/20270.1%
Altair Engineering Inc1.750% 06/15/20270.1%
Leeward Renewable Energy Operations LLC4.250% 07/01/20290.1%
Newell Brands Inc6.375% 09/15/20270.1%
Coeur Mining Inc5.125% 02/15/20290.1%
VistaJet Malta Finance PLC / Vista Management Holding Inc9.500% 06/01/20280.1%
Talen Energy Supply LLC8.625% 06/01/20300.1%
Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp5.250% 10/01/20250.1%
Teva Pharmaceutical Finance Netherlands III BV6.750% 03/01/20280.1%
Spirit AeroSystems Inc9.869% 01/15/20270.1%
Buckeye Partners LP3.950% 12/01/20260.1%
Boxer Parent Co Inc9.183% 10/02/20250.1%
SS&C Technologies Inc7.669% 03/22/20290.1%
JELD-WEN Inc4.875% 12/15/20270.1%
Freedom Mortgage Corp8.250% 04/15/20250.1%
Welltec International ApS8.250% 10/15/20260.1%
JELD-WEN Inc6.250% 05/15/20250.1%
MGM Resorts International6.750% 05/01/20250.1%
Benteler International AG9.375% 05/15/20280.1%
Callon Petroleum Co8.250% 07/15/20250.1%
Calpine Corp5.250% 06/01/20260.1%
Advanced Drainage Systems Inc5.000% 09/30/20270.1%
NCL Corp Ltd8.375% 02/01/20280.1%
HUB International Ltd9.584% 06/20/20300.1%
MGM China Holdings Ltd5.250% 06/18/20250.1%
Red Planet Borrower LLC9.169% 10/02/20280.1%
AssuredPartners Inc7.000% 08/15/20250.1%
Post Holdings Inc5.625% 01/15/20280.1%
Ensign Drilling Inc9.250% 04/15/20240.1%
Fortrea Holdings Inc7.500% 07/01/20300.1%
Griffon Corp7.639% 01/24/20290.1%
Tank Holding Corp11.391% 03/31/20280.1%
Buckeye Partners LP4.125% 12/01/20270.1%
Allison Transmission Inc4.750% 10/01/20270.1%
Northriver Midstream Finance LP8.780% 10/01/20250.1%
Motion Finco Sarl7.375% 06/15/20300.1%
Nabors Industries Ltd7.500% 01/15/20280.1%
Asbury Automotive Group Inc4.500% 03/01/20280.1%
Helix Gen Funding LLC9.288% 06/03/20240.1%
Trident TPI Holdings Inc12.750% 12/31/20280.1%
Spirit AeroSystems Inc9.375% 11/30/20290.1%
SS&C Technologies Inc5.500% 09/30/20270.1%
Coty Inc6.500% 04/15/20260.1%
Northwest Fiber LLC / Northwest Fiber Finance Sub Inc10.750% 06/01/20280.1%
VistaJet Malta Finance PLC / Vista Management Holding Inc6.375% 02/01/20300.1%
BCPE Empire Holdings Inc7.625% 05/01/20270.1%
GTCR AP Finance Inc8.000% 05/15/20270.1%
Range Resources Corp8.250% 01/15/20290.1%
Summit Materials LLC8.492% 12/14/20270.1%
Vistra Operations Co LLC5.000% 07/31/20270.1%
Virgin Media Bristol LLC7.836% 01/31/20280.1%
Trivium Packaging Finance BV5.500% 08/15/20260.1%
Lumen Technologies Inc7.683% 03/15/20270.1%
EQM Midstream Partners LP6.000% 07/01/20250.1%
Viper Energy Partners LP5.375% 11/01/20270.1%
MOTION FINCO SARL8.788% 11/12/20260.1%
Williams Scotsman International Inc6.125% 06/15/20250.1%
Stena International SA7.250% 02/15/20280.0%
Park River Holdings Inc6.750% 08/01/20290.0%
Heartland Dental LLC10.222% 04/28/20280.0%
Topgolf Callaway Brands Corp8.919% 03/15/20300.0%
UBS Group AG5.125% 07/29/21720.0%
Penn Entertainment Inc5.625% 01/15/20270.0%
EnerSys4.375% 12/15/20270.0%
Park River Holdings Inc5.625% 02/01/20290.0%
Open Text Corp6.900% 12/01/20270.0%
Empresa Generadora de Electricidad Haina SA5.625% 11/08/20280.0%
Service Properties Trust4.750% 10/01/20260.0%
Iron Mountain Inc4.875% 09/15/20270.0%
Midwest Gaming Borrower LLC / Midwest Gaming Finance Corp4.875% 05/01/20290.0%
EnLink Midstream LLC5.625% 01/15/20280.0%
Patterson-UTI Energy Inc3.950% 02/01/20280.0%
US Foods Inc6.250% 04/15/20250.0%
Taylor Morrison Communities Inc5.875% 06/15/20270.0%
PLT VII Finance Sarl4.625% 01/05/20260.0%
William Carter Co/The5.625% 03/15/20270.0%
Delta 2 Lux Sarl8.319% 01/15/20300.0%
TransAlta Corp7.750% 11/15/20290.0%
MH Sub I LLC0.000% 09/13/20240.0%
Ahlstrom Holding 3 Oy4.875% 02/04/20280.0%
Brink's Co/The4.625% 10/15/20270.0%
SCIH Salt Holdings Inc4.875% 05/01/20280.0%
Nouryon USA LLC9.347% 04/03/20280.0%
Prime Security Services Borrower LLC7.978% 09/23/20260.0%
Presidio Holdings Inc8.250% 02/01/20280.0%
Option Care Health Inc8.183% 10/27/20280.0%
Bristow Group Inc6.875% 03/01/20280.0%
Compass Power Generation LLC9.683% 04/14/20290.0%
Axalta Coating Systems US Holdings Inc8.242% 12/20/20290.0%
Morgan Stanley8.712% 03/15/21720.0%
Navient Corp4.875% 03/15/20280.0%
Dufry One BV3.625% 04/15/20260.0%
UPC Holding BV5.500% 01/15/20280.0%
Canacol Energy Ltd5.750% 11/24/20280.0%
Tank Holding Corp11.169% 03/31/20280.0%
Atlantica Sustainable Infrastructure PLC4.125% 06/15/20280.0%
Watco Cos LLC / Watco Finance Corp6.500% 06/15/20270.0%
Nascar Holdings LLC7.933% 10/19/20260.0%
CHS/Community Health Systems Inc6.875% 04/15/20290.0%
Ford Motor Co6.625% 10/01/20280.0%
Credit Index Swap5.000% 06/20/20280.0%
Ritchie Bros Holdings Inc6.750% 03/15/20280.0%
Resorts World Las Vegas LLC / RWLV Capital Inc4.625% 04/16/20290.0%
HAT Holdings I LLC / HAT Holdings II LLC3.375% 06/15/20260.0%
Virgin Media Vendor Financing Notes III DAC4.875% 07/15/20280.0%
Navient Corp5.500% 03/15/20290.0%
Southwestern Energy Co5.375% 02/01/20290.0%
MGM Resorts International4.750% 10/15/20280.0%
Permian Resources Operating LLC5.875% 07/01/20290.0%
CP Atlas Buyer Inc0.000% 11/23/20270.0%
Oceaneering International Inc4.650% 11/15/20240.0%
LSF11 A5 HoldCo LLC8.933% 10/15/20280.0%
IHO Verwaltungs GmbH8.750% 05/15/20280.0%
Carriage Purchaser Inc7.875% 10/15/20290.0%
ECL Entertainment LLC12.933% 05/01/20280.0%
Vistra Operations Co LLC5.500% 09/01/20260.0%
Vital Energy Inc9.500% 01/15/20250.0%
Global Atlantic Fin Co4.700% 10/15/20510.0%
Citigroup Inc3.875% 05/18/21720.0%
Gray Escrow II Inc5.375% 11/15/20310.0%
Wanda Properties Global Co Ltd11.000% 01/20/20250.0%
TALEN ENERGY CORP0.000% -0.0%
Permian Resources Operating LLC5.375% 01/15/20260.0%
PARKWAY GENERATION LLC10.275% 02/18/20290.0%
YPF Energia Electrica SA10.000% 07/25/20260.0%
Country Garden Holdings Co Ltd7.250% 04/08/20260.0%
CPV Shore Holdings LLC9.183% 12/29/20250.0%
MOTION FINCO SARL0.088% 11/12/20260.0%
MH Sub I LLC0.000% 09/13/20240.0%
Talen Energy Corp0.000% -0.0%
Buckeye Partners LP9.627% 01/22/20780.0%
NEP Group Inc12.433% 10/19/20260.0%
Sabre GLBL Inc8.933% 12/17/20270.0%
FX USD/EUR 09/230.000% 09/13/20230.0%
VUE INTERNATIONAL BIDCO P L C4.859% 12/31/20270.0%
Sabre GLBL Inc8.933% 12/17/20270.0%
Engineered Components & Systems LLC11.369% 08/02/20280.0%
FX USD/CAD 11/230.000% 11/20/20230.0%
Bulldog Purchaser Inc9.169% 09/05/20250.0%
USIC Holdings Inc11.933% 05/14/20290.0%
Nathan's Famous Inc6.625% 11/01/20250.0%
Scotts Miracle-Gro Co/The5.250% 12/15/20260.0%
AthenaHealth Group Inc8.805% 02/15/20290.0%
FX GBP/USD 09/230.000% 09/08/20230.0%
FX USD/EUR 09/230.000% 09/13/20230.0%
FX USD/GBP 09/230.000% 09/08/20230.0%
Elwood Energy LLC8.159% 07/05/20260.0%
Icebox Holdco III Inc9.254% 12/22/20280.0%
VUE INTERNATIONAL BIDCO P L C11.086% 06/30/20270.0%
FX USD/GBP 09/230.000% 09/08/20230.0%
FX USD/CAD 10/230.000% 10/20/20230.0%
FX EUR/USD 09/230.000% 09/13/20230.0%
FX EUR/USD 09/230.000% 09/13/20230.0%
FX GBP/USD 09/230.000% 09/08/20230.0%
FX USD/EUR 09/230.000% 09/13/20230.0%
FX USD/EUR 09/230.000% 09/13/20230.0%
FX EUR/USD 09/230.000% 09/13/20230.0%
FX EUR/USD 09/230.000% 09/13/20230.0%
APi Group DE Inc8.183% 01/03/20290.0%
ESC GCB144A HERTZ CORP5.500% 10/15/20240.0%
ESC GCB HERTZ CORP6.250% 10/15/20220.0%
AthenaHealth Group Inc0.035% 02/15/20290.0%
FX GBP/USD 09/230.000% 09/08/20230.0%
Tank Holding Corp0.010% 03/31/20280.0%
FX USD/EUR 09/230.000% 09/13/20230.0%
FX USD/EUR 09/230.000% 09/13/20230.0%
FX USD/GBP 09/230.000% 09/08/20230.0%
FX GBP/USD 09/230.000% 09/08/20230.0%
FX USD/EUR 09/230.000% 09/13/20230.0%
FX USD/EUR 09/230.000% 09/13/20230.0%
FX USD/CHF 08/230.000% 08/23/20230.0%
FX USD/EUR 09/230.000% 09/13/20230.0%
FX EUR/USD 09/230.000% 09/13/20230.0%
FX USD/GBP 09/230.000% 09/08/20230.0%
FX USD/GBP 09/230.000% 09/08/20230.0%
FX USD/EUR 09/230.000% 09/13/2023-0.1%

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

Dividend Payments

For
YTD Dividends Paidas of 09/28/2023
$0.49545
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 08/31/2023 $0.06361 $9.62
Daily Daily 07/31/2023 $0.06431 $9.64
Daily Daily 06/30/2023 $0.06242 $9.60
Daily Daily 05/31/2023 $0.06235 $9.50
Daily Daily 04/30/2023 $0.06082 $9.62
Daily Daily 03/31/2023 $0.06180 $9.59
Daily Daily 02/28/2023 $0.06093 $9.59
Daily Daily 01/31/2023 $0.05922 $9.74

Upcoming Dividend Payment Dates

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

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

Fees & Expenses

Fees & Expenses

Expense Ratioas of 08/31/2023

Fund Gross Expense Ratio Fund Net Expense Ratio
1.65% 0.70%

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
Fact Sheet
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015
Commentary
Publish Date:11/03/2015

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1

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

 

2

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

 

3

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

+

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.      

                    

+

There is no minimum initial investment for (i) purchases through or by registered investment advisers (RIAs), bank trust departments, and other financial intermediaries otherwise eligible to purchase Class I shares that charge a fee for services that include investment advisory or management services or (ii) purchases by retirement and benefit plans meeting the Class I eligibility requirements as described in the prospectus. These investment minimums may be suspended, changed, or withdrawn by Lord Abbett Distributor LLC ("Lord Abbett Distributor").
Class I shares minimum initial investment of $1,000,000, unless otherwise noted, applies to certain types of institutional investors as described in the prospectus. 

 

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.

 

 

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.

 

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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