LSYAX | Short Duration High Yield Fund Class A | Lord Abbett

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Short Duration High Yield Fund

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Daily price w/o sales charge as of 06/18/2025

$9.72

$0.00

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

2.22%

Overall Morningstar Ratings

High Yield Bond
as of 05/31/2025

Morningstar rated the Lord Abbett Short Duration High Yield Fund class A share 4 and 4 stars among 588 and 546 High Yield Bond Funds for the overall rating and the 3 and 5 year periods ended 5/31/2025, 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 05/30/2025

8.80%

Distribution Yield as of 06/18/2025  

8.03%

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

  Subsidized2 Un-Subsidized3
w/o sales charge 7.52% 7.45%

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

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

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

Fund Basicsas of 05/30/2025

Total Net Assets
$8.03 B
Inception Date
05/01/2020
Dividend Frequency
Monthly
Fund Gross Expense Ratio
0.71%
Fund Net Expense Ratio
0.65%
Number of Holdings
666
Minimum Initial Investment
$1,500+

Fund Expense Ratio :

Gross 0.71%

Net 0.65%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/30/2020
w/o sales charge 1.31% 7.60% 6.80% 6.36% - 6.89%
Lipper Category Avg. Short High Yield Funds 1.99% 7.12% 6.09% 5.28% - -
ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD Index 2.51% 7.89% 6.59% 5.92% - 6.60%
w/ sales charge -1.00% 5.13% 6.00% 5.87% - 6.42%

Fund Expense Ratio :

Gross 0.71%

Net 0.65%

Fund Expense Ratio :

Gross 0.71%

Net 0.65%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/30/2020
w/o sales charge 0.23% 7.07% 5.66% - - 6.90%
Lipper Category Avg. Short High Yield Funds 0.77% 6.46% 4.80% - - -
ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD Index 1.07% 6.84% 5.41% - - 6.52%
w/ sales charge -2.05% 4.63% 4.86% - - 6.41%

Fund Expense Ratio :

Gross 0.71%

Net 0.65%

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

Past performance is not a reliable indicator or guarantee of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. 

INVESTMENT TEAM

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Co-Head of Taxable Fixed Income

24 Years of Industry Experience

Christopher Gizzo
Christopher Gizzo, CFA

Partner, Deputy Director of Leveraged Credit

17 Years of Industry Experience

Supported By 88 Investment Professionals with 18 Years Avg. Industry Experience

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Performance

Performance

Average Yield to Maturity as of 05/30/2025

8.80%

Distribution Yield as of 06/18/2025  

8.03%

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

  Subsidized2 Un-Subsidized3
w/o sales charge 7.52% 7.45%

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

Fund Expense Ratio :

Gross 0.71%

Net 0.65%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/30/2020
w/o sales charge 1.31% 7.60% 6.80% 6.36% - 6.89%
Lipper Category Avg. Short High Yield Funds 1.99% 7.12% 6.09% 5.28% - -
ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD Index 2.51% 7.89% 6.59% 5.92% - 6.60%
w/ sales charge -1.00% 5.13% 6.00% 5.87% - 6.42%

Fund Expense Ratio :

Gross 0.71%

Net 0.65%

Fund Expense Ratio :

Gross 0.71%

Net 0.65%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/30/2020
w/o sales charge 0.23% 7.07% 5.66% - - 6.90%
Lipper Category Avg. Short High Yield Funds 0.77% 6.46% 4.80% - - -
ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD Index 1.07% 6.84% 5.41% - - 6.52%
w/ sales charge -2.05% 4.63% 4.86% - - 6.41%

Fund Expense Ratio :

Gross 0.71%

Net 0.65%

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

Past performance is not a reliable indicator or guarantee of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. 

Year Fund Returns ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD Index
2024 9.15% 7.21%
2023 12.01% 11.66%
2022 -5.76% -5.39%
2021 5.53% 4.87%
Year Q1 Q2 Q3 Q4
2025 0.23% - - -
2024 2.18% 1.47% 4.12% 1.10%
2023 2.66% 1.96% 1.37% 5.56%
2022 -2.10% -7.68% 0.48% 3.77%
2021 1.94% 2.01% 0.71% 0.76%

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

Growth of $10,000 as of 05/31/2025

The chart begins on the Fund's inception date of 04/30/2020.

Based on a hypothetical Class A share investment of $10,000 on 04/30/2020 without sales charge and includes the reinvestment of all distributions.

 

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Rating Assets
High Yield Corporate
Bank Loans
Convertible Bonds
Investment Grade Corporate
CLO
Sovereign
ABS
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 05/30/2025

Rating Assets
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 Positioning as of 03/31/2025

  • We have selectively added risk to the Fund as spreads moved wider. The initial effects from anticipated tariff announcements towards the end of the quarter were significant in market performance, as credit markets faced pressure in March. For short duration high yield, spreads widened to around 280 basis points, up from decade-low tights. However, we believe that these dislocations may present opportunities to add exposure to high quality credits at attractive entry points. As a result, we began to selectively increase risk in the Fund, reflected by spread duration, towards the end of the quarter after initially reducing risk levels earlier in the period.
  • We added higher quality BBs over the quarter. We increased our focus on higher-rating tiers over the quarter, adding to several positions in BBs that in our view offered better relative value, better liquidity and increased convexity as prices moved lower. Conversely, we trimmed several of the Fund’s positions in lower-rated CCCs as we continue to be cautious about lower-rated beta exposure and instead focused on higher conviction positions that in our view should be driven by idiosyncratic performance drivers. 
  • The Fund’s sector allocations remained balanced. The Fund remained overweight the Energy and Basic Industry sectors, as well as Transportation and Banking industries. We find the Energy sector in particular to be a positive space given the improvement in fundamentals for high yield issuers and that it has performed more defensively in recent years. We also added to several positions in Basic Industry and Retail, specifically Metals and Mining and Specialty Retail subsectors, respectively, that offered attractive entry points based on valuations. We trimmed various positions in Financial Services, which was reflective of more idiosyncratic reductions, and Leisure sectors. We remained underweight the Healthcare sector, which is the top underweight within the Fund, along with Telecommunications and Leisure.
  • Floating rate exposure declined within the Fund. We generally believe that select exposures to non-high yield sectors, such as bank loans, can offer attractive risk-reward opportunities and potential portfolio diversification benefits. However, floating rate securities have underperformed in recent weeks amid declining yields and rising economic growth concerns in the U.S. As a result, we have continued to reduce these allocations, instead focusing on high yield bonds holdings within higher quality rating bands.
  • We remain constructive in short duration high yield credit amid heightened economic uncertainty.  While the sector showed modest signs of weakness in the second half of the quarter softer economic data, worries of growth contraction and policy uncertainty dragged on consumer sentiment, overall returns were still positive. Even as spreads widened to almost 300 bps, we remain constructive on the asset class for several reasons. Earnings for high yield companies continue to be favorable, building on the current fundamental strength of the issuer base. The index also boasts a higher-quality ratings mix among high yield issuers, which should support generally tighter overall spread levels. Looking ahead, we have looked to add higher quality credits to the portfolio at attractive values. However, it is important to note that we are patient and selective in our approach to adding risk. We remain vigilant of potential recessionary signals that could cause spreads to move wider, including signs of significant cracks in labor markets, tariff repercussions, and the Fed's rate and fiscal policies.

PORTFOLIO DETAILS as of 05/30/2025

Total Net Assets
$8.03 B
Average Effective Duration
2.18 Years
Average Maturity
3.21 Years
Number of Issues
666
Average Yield to Maturity
8.80%
Distribution Yield (as of 06/18/2025)
8.03%

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
OneMain Finance Corp 6.625% 01/15/2028 0.8%
VistaJet Malta Finance PLC / Vista Management Holding Inc 9.500% 06/01/2028 0.6%
Novelis Corp 6.875% 01/30/2030 0.6%
Buckeye Partners LP 6.750% 02/01/2030 0.5%
PetSmart Inc / PetSmart Finance Corp 7.750% 02/15/2029 0.5%
AMC Networks Inc 4.250% 02/15/2029 0.5%
Sotheby's 7.375% 10/15/2027 0.5%
Husky Injection Molding Systems Ltd / Titan Co-Borrower LLC 9.000% 02/15/2029 0.5%
Univision Communications Inc 8.000% 08/15/2028 0.5%
Alumina Pty Ltd 6.125% 03/15/2030 0.5%
% of Total Assets 5.5%
Holding Coupon Maturity Assets
OneMain Finance Corp6.625% 01/15/20280.7%
VistaJet Malta Finance PLC / Vista Management Holding Inc9.500% 06/01/20280.6%
Novelis Corp6.875% 01/30/20300.6%
PetSmart Inc / PetSmart Finance Corp7.750% 02/15/20290.6%
Buckeye Partners LP6.750% 02/01/20300.6%
AMC Networks Inc4.250% 02/15/20290.5%
Husky Injection Molding Systems Ltd / Titan Co-Borrower LLC9.000% 02/15/20290.5%
EquipmentShare.com Inc9.000% 05/15/20280.5%
Sotheby's7.375% 10/15/20270.5%
CCO Holdings LLC / CCO Holdings Capital Corp5.125% 05/01/20270.5%
Alumina Pty Ltd6.125% 03/15/20300.5%
Smyrna Ready Mix Concrete LLC6.000% 11/01/20280.5%
Univision Communications Inc8.000% 08/15/20280.5%
Rakuten Group Inc9.750% 04/15/20290.5%
Hudbay Minerals Inc4.500% 04/01/20260.5%
McGraw-Hill Education Inc5.750% 08/01/20280.4%
GrubHub Holdings Inc5.500% 07/01/20270.4%
Jefferies Finance LLC / JFIN Co-Issuer Corp5.000% 08/15/20280.4%
California Resources Corp8.250% 06/15/20290.4%
Borr IHC Ltd / Borr Finance LLC10.000% 11/15/20280.4%
Sirius XM Radio LLC3.125% 09/01/20260.4%
CVR Partners LP / CVR Nitrogen Finance Corp6.125% 06/15/20280.4%
Hecla Mining Co7.250% 02/15/20280.4%
Victra Holdings LLC / Victra Finance Corp8.750% 09/15/20290.4%
Carnival Corp5.750% 03/01/20270.4%
Kraken Oil & Gas Partners LLC7.625% 08/15/20290.4%
Wildfire Intermediate Holdings LLC7.500% 10/15/20290.4%
Olympus Water US Holding Corp9.750% 11/15/20280.4%
Benteler International AG10.500% 05/15/20280.4%
Kimmeridge Texas Gas LLC8.500% 02/15/20300.4%
Hilcorp Energy I LP / Hilcorp Finance Co6.250% 11/01/20280.4%
RR Donnelley & Sons Co9.500% 08/01/20290.4%
NESCO Holdings II Inc5.500% 04/15/20290.4%
Cloud Software Group Inc6.500% 03/31/20290.4%
USA Compression Partners LP / USA Compression Finance Corp6.875% 09/01/20270.4%
Brandywine Operating Partnership LP8.875% 04/12/20290.4%
Maxim Crane Works Holdings Capital LLC11.500% 09/01/20280.4%
Saturn Oil & Gas Inc9.625% 06/15/20290.4%
Rain Carbon Inc12.250% 09/01/20290.4%
Cerdia Finanz GmbH9.375% 10/03/20310.4%
Central Parent Inc / CDK Global Inc7.250% 06/15/20290.4%
Sitio Royalties Operating Partnership LP / Sitio Finance Corp7.875% 11/01/20280.4%
Unisys Corp6.875% 11/01/20270.4%
Comstock Resources Inc6.750% 03/01/20290.4%
GGAM Finance Ltd8.000% 02/15/20270.4%
Frontier Communications Holdings LLC5.000% 05/01/20280.4%
Brand Industrial Services Inc10.375% 08/01/20300.4%
SunCoke Energy Inc4.875% 06/30/20290.4%
EchoStar Corp10.750% 11/30/20290.4%
Midcap Financial Issuer Trust6.500% 05/01/20280.4%
Nissan Motor Co Ltd4.810% 09/17/20300.4%
Seaspan Corp5.500% 08/01/20290.4%
Venture Global LNG Inc9.500% 02/01/20290.3%
Carnival Corp5.750% 03/15/20300.3%
Saks Global Enterprises LLC11.000% 12/15/20290.3%
Global Marine Inc7.000% 06/01/20280.3%
Valaris Ltd8.375% 04/30/20300.3%
LFS Topco LLC5.875% 10/15/20260.3%
Full House Resorts Inc8.250% 02/15/20280.3%
Axon Enterprise Inc6.125% 03/15/20300.3%
Starwood Property Trust Inc7.250% 04/01/20290.3%
Victoria's Secret & Co4.625% 07/15/20290.3%
Griffon Corp5.750% 03/01/20280.3%
CHS/Community Health Systems Inc5.625% 03/15/20270.3%
Vital Energy Inc7.750% 07/31/20290.3%
Encino Acquisition Partners Holdings LLC8.750% 05/01/20310.3%
Talos Production Inc9.000% 02/01/20290.3%
Alliance Resource Operating Partners LP / Alliance Resource Finance Corp8.625% 06/15/20290.3%
Freedom Mortgage Corp12.000% 10/01/20280.3%
Alta Equipment Group Inc9.000% 06/01/20290.3%
Rand Parent LLC8.500% 02/15/20300.3%
Crescent Energy Finance LLC9.250% 02/15/20280.3%
Delek Logistics Partners LP / Delek Logistics Finance Corp7.125% 06/01/20280.3%
Spin Holdco Inc8.317% 03/06/20280.3%
Cushman & Wakefield US Borrower LLC6.750% 05/15/20280.3%
Bausch Health Cos Inc11.000% 09/30/20280.3%
American Airlines Inc7.250% 02/15/20280.3%
Noble Finance II LLC8.000% 04/15/20300.3%
Deuce Finco Plc5.500% 06/15/20270.3%
LSB Industries Inc6.250% 10/15/20280.3%
Directv Financing LLC / Directv Financing Co-Obligor Inc5.875% 08/15/20270.3%
X Corp10.969% 10/29/20290.3%
WASH Multifamily Acquisition Inc5.750% 04/15/20260.3%
Eldorado Gold Corp6.250% 09/01/20290.3%
Aston Martin Capital Holdings Ltd10.000% 03/31/20290.3%
Trulieve Cannabis Corp8.000% 10/06/20260.3%
Sabre GLBL Inc8.625% 06/01/20270.3%
Dexko Global Inc8.026% 10/04/20280.3%
Gray Media Inc7.000% 05/15/20270.3%
CPI CG Inc10.000% 07/15/20290.3%
Aris Water Holdings LLC7.250% 04/01/20300.3%
CITGO Petroleum Corp8.375% 01/15/20290.3%
Brightline East LLC11.000% 01/31/20300.3%
West China Cement Ltd4.950% 07/08/20260.3%
Lumen Technologies Inc6.783% 04/16/20290.3%
Curaleaf Holdings Inc8.000% 12/15/20260.3%
MGM Resorts International5.500% 04/15/20270.3%
Advantage Sales & Marketing Inc6.500% 11/15/20280.3%
Ally Financial Inc4.700% 08/15/21730.3%
Stonegate Pub Co Financing 2019 PLC10.750% 07/31/20290.3%
Celanese US Holdings LLC6.500% 04/15/20300.3%
JELD-WEN Inc4.875% 12/15/20270.3%
ContourGlobal Power Holdings SA6.750% 02/28/20300.3%
CEC Entertainment LLC6.750% 05/01/20260.3%
CoreCivic Inc8.250% 04/15/20290.3%
RAC Bond Co PLC5.250% 11/04/20270.3%
CommScope LLC8.250% 03/01/20270.3%
Fortress Transportation and Infrastructure Investors LLC5.500% 05/01/20280.3%
Aethon United BR LP / Aethon United Finance Corp7.500% 10/01/20290.3%
CSN Inova Ventures6.750% 01/28/20280.3%
Macquarie Airfinance Holdings Ltd8.375% 05/01/20280.3%
Transocean Inc8.250% 05/15/20290.3%
Moss Creek Resources Holdings Inc8.250% 09/01/20310.3%
Tenneco Inc8.000% 11/17/20280.3%
Coronado Finance Pty Ltd9.250% 10/01/20290.3%
Viking Cruises Ltd5.875% 09/15/20270.3%
UBS Group AG7.000% 08/10/21730.3%
Harvest Midstream I LP7.500% 09/01/20280.3%
CPM Holdings Inc8.820% 09/28/20280.3%
Civitas Resources Inc8.375% 07/01/20280.3%
Coinbase Global Inc3.375% 10/01/20280.3%
gategroup Finance Luxembourg SA3.000% 02/28/20270.3%
Vermilion Energy Inc6.875% 05/01/20300.3%
Global Auto Holdings Ltd/AAG FH UK Ltd8.375% 01/15/20290.2%
Landsea Homes Corp8.875% 04/01/20290.2%
Vistra Corp7.000% 06/15/21730.2%
Virgin Media Vendor Financing Notes IV DAC5.000% 07/15/20280.2%
Nexstar Media Inc5.625% 07/15/20270.2%
Herens US Holdco Corp8.213% 07/03/20280.2%
PHH Escrow Issuer LLC/PHH Corp9.875% 11/01/20290.2%
Outfront Media Capital LLC / Outfront Media Capital Corp5.000% 08/15/20270.2%
Champions Financing Inc9.053% 02/23/20290.2%
Avation Capital SA8.250% 10/31/20260.2%
Cheplapharm Arzneimittel GmbH5.500% 01/15/20280.2%
Hunt Cos Inc5.250% 04/15/20290.2%
Fortiva Retail Prime Master Note Business Trust6.600% 09/17/20290.2%
AG Issuer LLC6.250% 03/01/20280.2%
Global Auto Holdings Ltd/AAG FH UK Ltd11.500% 08/15/20290.2%
Market Bidco Finco PLC5.500% 11/04/20270.2%
Mercer International Inc12.875% 10/01/20280.2%
PBF Holding Co LLC / PBF Finance Corp6.000% 02/15/20280.2%
SM Energy Co6.625% 01/15/20270.2%
Valley National Bancorp3.000% 06/15/20310.2%
Prime Security Services Borrower LLC / Prime Finance Inc6.250% 01/15/20280.2%
Freedom Mortgage Corp12.250% 10/01/20300.2%
ATS Corp4.125% 12/15/20280.2%
Torrid LLC10.050% 06/14/20280.2%
Univision Communications Inc6.625% 06/01/20270.2%
PennyMac Financial Services Inc7.125% 11/15/20300.2%
Howard Midstream Energy Partners LLC8.875% 07/15/20280.2%
Bloomin' Brands Inc / OSI Restaurant Partners LLC5.125% 04/15/20290.2%
SierraCol Energy Andina LLC6.000% 06/15/20280.2%
Camelot Return Merger Sub Inc8.750% 08/01/20280.2%
MEG Energy Corp5.875% 02/01/20290.2%
Starwood Property Trust Inc6.500% 07/01/20300.2%
Danske Bank A/S4.375% 11/18/21730.2%
Artera Services LLC8.500% 02/15/20310.2%
GGAM Finance Ltd8.000% 06/15/20280.2%
Ivanhoe Mines Ltd7.875% 01/23/20300.2%
United PF Holdings LLC8.546% 12/30/20260.2%
Medco Bell Pte Ltd6.375% 01/30/20270.2%
Bellis Finco PLC4.000% 02/16/20270.2%
ION Trading Technologies Sarl9.500% 05/30/20290.2%
Light & Wonder International Inc7.000% 05/15/20280.2%
Herens Midco Sarl5.250% 05/15/20290.2%
CSC Holdings LLC11.750% 01/31/20290.2%
SM Energy Co6.750% 08/01/20290.2%
Lsf12 Crown US Commercial Bidco LLC8.574% 12/02/20310.2%
INEOS Quattro Finance 2 Plc9.625% 03/15/20290.2%
Neptune Bidco US Inc9.290% 04/15/20290.2%
Iron Mountain Inc5.250% 07/15/20300.2%
GrafTech Global Enterprises Inc9.875% 12/23/20290.2%
Hughes Satellite Systems Corp6.625% 08/01/20260.2%
New Gold Inc6.875% 04/01/20320.2%
Studio City Finance Ltd5.000% 01/15/20290.2%
Gap Inc/The3.875% 10/01/20310.2%
Millennium Escrow Corp6.625% 08/01/20260.2%
Wabash National Corp4.500% 10/15/20280.2%
Civitas Resources Inc5.000% 10/15/20260.2%
Mauser Packaging Solutions Holding Co9.250% 04/15/20270.2%
Empire Resorts Inc7.750% 11/01/20260.2%
Goldman Sachs Group Inc/The6.850% 08/10/21730.2%
Bread Financial Holdings Inc9.750% 03/15/20290.2%
Ashton Woods USA LLC / Ashton Woods Finance Co4.625% 08/01/20290.2%
TGNR Intermediate Holdings LLC5.500% 10/15/20290.2%
TerraForm Power Operating LLC5.000% 01/31/20280.2%
AmeriTex HoldCo Intermediate LLC10.250% 10/15/20280.2%
CA Magnum Holdings5.375% 10/31/20260.2%
Venture Global LNG Inc8.125% 06/01/20280.2%
USA Compression Partners LP / USA Compression Finance Corp7.125% 03/15/20290.2%
Seadrill Finance Ltd8.375% 08/01/20300.2%
JW Aluminum Continuous Cast Co10.250% 04/01/20300.2%
Petroleos Mexicanos8.750% 06/02/20290.2%
Diamond Foreign Asset Co / Diamond Finance LLC8.500% 10/01/20300.2%
ANGI Group LLC3.875% 08/15/20280.2%
SS&C Technologies Inc5.500% 09/30/20270.2%
Sunrise HoldCo IV BV5.500% 01/15/20280.2%
Welltec International ApS8.250% 10/15/20260.2%
M&T Bank Corp3.500% 03/01/21740.2%
RVR Dealership Holdings LLC8.170% 02/08/20280.2%
US Acute Care Solutions LLC9.750% 05/15/20290.2%
BCPE Ulysses Intermediate Inc7.750% 04/01/20270.2%
X Corp9.500% 10/29/20290.2%
Tank Holding Corp10.422% 03/31/20280.2%
EnQuest PLC11.625% 11/01/20270.2%
Gulfport Energy Operating Corp6.750% 09/01/20290.2%
P&L Development LLC / PLD Finance Corp12.000% 05/15/20290.2%
Kobe US Midco 2 Inc9.250% 11/01/20260.2%
Comstock Resources Inc5.875% 01/15/20300.2%
Freedom Mortgage Holdings LLC9.250% 02/01/20290.2%
Inter Media and Communication SpA6.750% 02/09/20270.2%
Dye & Durham Ltd8.625% 04/15/20290.2%
TransCanada PipeLines Ltd7.000% 06/01/20650.2%
Outfront Media Capital LLC / Outfront Media Capital Corp4.625% 03/15/20300.2%
Algoma Steel Inc9.125% 04/15/20290.2%
IHO Verwaltungs GmbH7.750% 11/15/20300.2%
Heartland Dental LLC / Heartland Dental Finance Corp10.500% 04/30/20280.2%
Park River Holdings Inc7.664% 12/28/20270.2%
New Gold Inc7.500% 07/15/20270.2%
Rakuten Group Inc11.250% 02/15/20270.2%
Dana Financing Luxembourg Sarl3.000% 07/15/20290.2%
Albion Financing 2 Sarl8.750% 04/15/20270.2%
DISH DBS Corp7.375% 07/01/20280.2%
American Axle & Manufacturing Inc5.000% 10/01/20290.2%
Kedrion SpA6.500% 09/01/20290.2%
Asurion LLC9.684% 01/22/20290.2%
Osaic Holdings Inc10.750% 08/01/20270.2%
GEO Group Inc/The8.625% 04/15/20290.2%
Helix Energy Solutions Group Inc9.750% 03/01/20290.2%
Ahlstrom Holding 3 Oy4.875% 02/04/20280.2%
Kodiak Gas Services LLC7.250% 02/15/20290.2%
Mobico Group PLC4.250% 02/26/21740.2%
CCO Holdings LLC / CCO Holdings Capital Corp5.500% 05/01/20260.2%
IAMGOLD Corp5.750% 10/15/20280.2%
HLF Financing Sarl LLC / Herbalife International Inc12.250% 04/15/20290.2%
Punch Finance PLC6.125% 06/30/20260.2%
Standard Industries Inc/NY5.000% 02/15/20270.2%
Axon Enterprise Inc0.500% 12/15/20270.2%
Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp5.250% 05/15/20270.2%
American Airlines Inc8.500% 05/15/20290.2%
Nabors Industries Inc7.375% 05/15/20270.2%
Acuris Finance US Inc / Acuris Finance SARL9.000% 08/01/20290.2%
Melco Resorts Finance Ltd5.750% 07/21/20280.2%
Staples Inc10.750% 09/01/20290.2%
OneMain Finance Corp7.875% 03/15/20300.2%
Williams Scotsman Inc6.625% 04/15/20300.2%
LCPR Senior Secured Financing DAC6.750% 10/15/20270.2%
Kennedy-Wilson Inc4.750% 02/01/20300.2%
Iliad Holding SASU7.000% 10/15/20280.2%
IHO Verwaltungs GmbH6.375% 05/15/20290.2%
ILFC E-Capital Trust I6.117% 12/21/20650.2%
CELESTIAL SATURN PARENT INC10.939% 06/04/20290.2%
Bausch + Lomb Corp8.375% 10/01/20280.2%
Sabre GLBL Inc10.750% 11/15/20290.2%
Cheplapharm Arzneimittel GmbH7.500% 05/15/20300.2%
SNF Group SACA3.125% 03/15/20270.2%
American Trailer World Corp8.174% 03/03/20280.2%
Nova Alexandre III SAS7.529% 07/15/20290.2%
United Rentals North America Inc5.500% 05/15/20270.2%
1011778 BC ULC / New Red Finance Inc4.000% 10/15/20300.1%
Spotify USA Inc0.000% 03/15/20260.1%
888 Acquisitions Ltd7.558% 07/15/20270.1%
Sinclair Television Group Inc7.743% 12/31/20290.1%
Mercer International Inc5.125% 02/01/20290.1%
ASP Unifrax Holdings Inc11.175% 09/30/20290.1%
AdaptHealth LLC6.125% 08/01/20280.1%
Conair Holdings LLC8.193% 05/17/20280.1%
Energy Transfer LP6.500% 11/15/21730.1%
Aris Mining Corp8.000% 10/31/20290.1%
Penn Entertainment Inc4.125% 07/01/20290.1%
Ocado Group PLC10.500% 08/08/20290.1%
Gray Media Inc10.500% 07/15/20290.1%
CCO Holdings LLC / CCO Holdings Capital Corp4.500% 08/15/20300.1%
Xerox Holdings Corp5.000% 08/15/20250.1%
Nationstar Mortgage Holdings Inc5.500% 08/15/20280.1%
CNX Resources Corp6.000% 01/15/20290.1%
ASG Finance Designated Activity Co9.750% 05/15/20290.1%
Vistra Corp8.875% 07/15/21730.1%
Arko Corp5.125% 11/15/20290.1%
Red Oak Power LLC8.049% 10/01/20300.1%
Howard Hughes Corp/The5.375% 08/01/20280.1%
ATI Inc5.875% 12/01/20270.1%
Anllian Capital 2 Ltd0.000% 12/05/20290.1%
Sinclair Television Group Inc8.529% 12/31/20300.1%
First Quantum Minerals Ltd9.375% 03/01/20290.1%
INEOS Finance PLC6.750% 05/15/20280.1%
TEGNA Inc4.625% 03/15/20280.1%
Telenet Finance Luxembourg Notes Sarl5.500% 03/01/20280.1%
Compass Minerals International Inc6.750% 12/01/20270.1%
AMC Entertainment Holdings Inc10.000% 06/15/20260.1%
Precision Drilling Corp6.875% 01/15/20290.1%
SM Energy Co6.750% 09/15/20260.1%
Delek Logistics Partners LP / Delek Logistics Finance Corp8.625% 03/15/20290.1%
Shelf Drilling Holdings Ltd9.625% 04/15/20290.1%
Bausch Health Cos Inc4.875% 06/01/20280.1%
Nigeria Government International Bond8.375% 03/24/20290.1%
LABL Inc9.500% 11/01/20280.1%
TransDigm Inc4.625% 01/15/20290.1%
Kosmos Energy Ltd7.750% 05/01/20270.1%
Wells Fargo & Co5.448% 04/22/20280.1%
CP Atlas Buyer Inc7.000% 12/01/20280.1%
Civitas Resources Inc8.625% 11/01/20300.1%
Miller Homes Group Finco PLC7.000% 05/15/20290.1%
LGI Homes Inc8.750% 12/15/20280.1%
Newell Brands Inc6.375% 09/15/20270.1%
Amkor Technology Inc6.625% 09/15/20270.1%
Genting New York LLC / GENNY Capital Inc7.250% 10/01/20290.1%
Palo Alto Networks Inc0.375% 06/01/20250.1%
Cornerstone Building Brands Inc9.500% 08/15/20290.1%
FirstCash Inc4.625% 09/01/20280.1%
Enstall Group BV9.313% 08/30/20280.1%
Range Resources Corp8.250% 01/15/20290.1%
Staples Inc10.045% 09/10/20290.1%
NatWest Group PLC8.000% 09/30/21730.1%
Northern Oil & Gas Inc8.125% 03/01/20280.1%
SCIH Salt Holdings Inc4.875% 05/01/20280.1%
Advantage Sales & Marketing Inc8.644% 10/28/20270.1%
Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC10.500% 02/15/20280.1%
Howard Hughes Corp/The4.125% 02/01/20290.1%
ILFC E-Capital Trust II6.367% 12/21/20650.1%
Cogent Communications Group Inc / Cogent Communications Finance Inc7.000% 06/15/20270.1%
OSI Systems Inc2.250% 08/01/20290.1%
Cinemark Holdings Inc4.500% 08/15/20250.1%
Piedmont Operating Partnership LP6.875% 07/15/20290.1%
Claros Mortgage Trust Inc8.924% 08/10/20260.1%
Allied Universal Holdco LLC / Allied Universal Finance Corp9.750% 07/15/20270.1%
Novelis Corp4.750% 01/30/20300.1%
Citigroup Inc6.950% 05/15/21730.1%
State Street Corp6.450% 06/15/21730.1%
WaterBridge Midstream Operating LLC9.053% 06/27/20290.1%
Waga Bondco Ltd8.500% 06/15/20300.1%
Clydesdale Acquisition Holdings Inc8.750% 04/15/20300.1%
ASP Unifrax Holdings Inc7.100% 09/30/20290.1%
Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC4.750% 04/15/20280.1%
Clue Opco LLC9.500% 10/15/20310.1%
LifePoint Health Inc5.375% 01/15/20290.1%
Owens & Minor Inc4.500% 03/31/20290.1%
Popular Inc7.250% 03/13/20280.1%
Ascent Resources Utica Holdings LLC / ARU Finance Corp5.875% 06/30/20290.1%
Affirm Holdings Inc0.750% 12/15/20290.1%
Akamai Technologies Inc0.125% 05/01/20250.1%
HLF Financing Sarl LLC / Herbalife International Inc4.875% 06/01/20290.1%
Starwood Property Trust Inc6.500% 10/15/20300.1%
Star Holding LLC8.750% 08/01/20310.1%
Piedmont Operating Partnership LP9.250% 07/20/20280.1%
SCIL IV LLC / SCIL USA Holdings LLC5.375% 11/01/20260.1%
CommScope LLC4.750% 09/01/20290.1%
Stonepeak Taurus Lower Holdings LLC11.380% 01/28/20300.1%
CCO Holdings LLC / CCO Holdings Capital Corp7.375% 03/01/20310.1%
LeMaitre Vascular Inc2.500% 02/01/20300.1%
Jefferson Capital Holdings LLC6.000% 08/15/20260.1%
Grinding Media Inc7.819% 10/12/20280.1%
Arsenal AIC Parent LLC8.000% 10/01/20300.1%
Long Ridge Energy LLC8.750% 02/15/20320.1%
Kosmos Energy Ltd7.125% 04/04/20260.1%
Apollo Global Management Inc6.750% 07/31/20260.1%
Ken Garff Automotive LLC4.875% 09/15/20280.1%
Kernel Holding SA6.750% 10/27/20270.1%
Blue Owl Technology Finance Corp6.750% 04/04/20290.1%
Cloudflare Inc0.000% 08/15/20260.1%
HAT Holdings I LLC / HAT Holdings II LLC8.000% 06/15/20270.1%
Nutanix Inc0.250% 10/01/20270.1%
Cleveland-Cliffs Inc7.500% 09/15/20310.1%
GGAM Finance Ltd5.875% 03/15/20300.1%
Calpine Corp5.125% 03/15/20280.1%
MP Materials Corp3.000% 03/01/20300.1%
Sinclair Television Group Inc5.125% 02/15/20270.1%
Borr IHC Ltd / Borr Finance LLC10.375% 11/15/20300.1%
Kontoor Brands Inc4.125% 11/15/20290.1%
Samarco Mineracao SA9.500% 06/30/20310.1%
Organon & Co / Organon Foreign Debt Co-Issuer BV4.125% 04/30/20280.1%
Parsons Corp2.625% 03/01/20290.1%
Performance Food Group Inc5.500% 10/15/20270.1%
Wynn Macau Ltd5.500% 10/01/20270.1%
LABL Inc10.500% 07/15/20270.1%
Frontier Communications Holdings LLC6.750% 05/01/20290.1%
Energizer Holdings Inc6.500% 12/31/20270.1%
WE Soda Investments Holding PLC9.500% 10/06/20280.1%
Hilcorp Energy I LP / Hilcorp Finance Co6.000% 02/01/20310.1%
OI European Group BV4.750% 02/15/20300.1%
ZF North America Capital Inc6.750% 04/23/20300.1%
DaVita Inc3.750% 02/15/20310.1%
Lions Gate Capital Holdings 1 Inc5.500% 04/15/20290.1%
MHP Lux SA6.950% 04/03/20260.1%
Jazz Securities DAC4.375% 01/15/20290.1%
CCO Holdings LLC / CCO Holdings Capital Corp6.375% 09/01/20290.1%
Sri Lanka Government International Bond3.100% 01/15/20300.1%
Ford Motor Credit Co LLC7.200% 06/10/20300.1%
NCL Finance Ltd6.125% 03/15/20280.1%
Western Alliance Bancorp3.000% 06/15/20310.1%
Archrock Partners LP / Archrock Partners Finance Corp6.250% 04/01/20280.1%
Stride Inc1.125% 09/01/20270.1%
NRG Energy Inc3.625% 02/15/20310.1%
Cinemark USA Inc5.250% 07/15/20280.1%
NuStar Logistics LP5.625% 04/28/20270.1%
Univision Communications Inc8.500% 07/31/20310.1%
Sunoco LP / Sunoco Finance Corp6.000% 04/15/20270.1%
ams-OSRAM AG12.250% 03/30/20290.1%
CCO Holdings LLC / CCO Holdings Capital Corp4.750% 03/01/20300.1%
Jefferson Capital Holdings LLC8.250% 05/15/20300.1%
EnerSys4.375% 12/15/20270.1%
TransDigm Inc5.500% 11/15/20270.1%
Flagstar Financial Inc7.343% 11/06/20280.1%
Lithia Motors Inc4.375% 01/15/20310.1%
Carriage Purchaser Inc7.875% 10/15/20290.1%
BCPE Grill Parent Inc9.072% 09/30/20300.1%
Tenet Healthcare Corp6.125% 10/01/20280.1%
Sabre GLBL Inc11.250% 12/15/20270.1%
Crescent Energy Finance LLC7.625% 04/01/20320.1%
Star Leasing Co LLC7.625% 02/15/20300.1%
Energy Transfer LP6.750% 05/15/21730.1%
ACProducts Holdings Inc8.530% 05/17/20280.1%
Global Atlantic Fin Co4.700% 10/15/20510.1%
Owens & Minor Inc6.625% 04/01/20300.1%
Dana Inc4.250% 09/01/20300.1%
ATI Inc5.125% 10/01/20310.1%
Coherent Corp5.000% 12/15/20290.1%
Provident Funding Associates LP / PFG Finance Corp9.750% 09/15/20290.1%
TruGreen LP8.424% 11/02/20270.1%
Grupo Antolin-Irausa SA10.375% 01/30/20300.1%
Anastasia Parent LLC8.047% 08/11/20250.1%
MC Brazil Downstream Trading SARL7.250% 06/30/20310.1%
INEOS Finance PLC7.500% 04/15/20290.1%
Plaskolite PPC Intermediate II LLC8.548% 12/15/20250.1%
GGAM Finance Ltd6.875% 04/15/20290.1%
PetSmart Inc / PetSmart Finance Corp4.750% 02/15/20280.1%
Shea Homes LP / Shea Homes Funding Corp4.750% 04/01/20290.1%
GPS Hospitality Holding Co LLC / GPS Finco Inc7.000% 08/15/20280.1%
American Axle & Manufacturing Inc6.500% 04/01/20270.1%
Energizer Holdings Inc4.750% 06/15/20280.1%
GDS Holdings Ltd4.500% 01/31/20300.1%
Hughes Satellite Systems Corp5.250% 08/01/20260.1%
Transocean Inc8.500% 05/15/20310.1%
Central Parent LLC7.511% 07/06/20290.1%
Newmark Group Inc7.500% 01/12/20290.1%
888 Acquisitions Ltd10.750% 05/15/20300.1%
NCR Atleos Corp9.500% 04/01/20290.1%
Penn Entertainment Inc5.625% 01/15/20270.1%
Specialty Building Products Holdings LLC / SBP Finance Corp7.750% 10/15/20290.1%
Blackstone Mortgage Trust Inc3.750% 01/15/20270.1%
Bombardier Inc7.500% 02/01/20290.1%
New Enterprise Stone & Lime Co Inc5.250% 07/15/20280.1%
Blackstone Mortgage Trust Inc5.500% 03/15/20270.1%
ZF North America Capital Inc7.125% 04/14/20300.1%
Dermatology Intermediate Holdings III Inc9.756% 04/02/20290.1%
AMC Entertainment Holdings Inc11.319% 01/04/20290.1%
Sixth Street Lending Partners6.500% 03/11/20290.1%
Blackstone Mortgage Trust Inc7.750% 12/01/20290.1%
Upstart Holdings Inc2.000% 10/01/20290.1%
KeyCorp5.000% 12/15/21730.1%
Staples Inc12.750% 01/15/20300.1%
Rekeep SpA9.000% 09/15/20290.1%
Biocon Biologics Global PLC6.670% 10/09/20290.1%
Oscar Acquisitionco LLC8.448% 04/30/20290.1%
Gen Digital Inc6.750% 09/30/20270.1%
VF Ukraine PAT via VFU Funding PLC9.625% 02/11/20270.1%
BCP V Modular Services Finance II PLC6.125% 11/30/20280.1%
ATI Inc4.875% 10/01/20290.1%
Global Medical Response Inc6.500% 10/01/20250.1%
Ally Financial Inc8.000% 11/01/20310.1%
Iris Holding Inc10.000% 12/15/20280.1%
Pinnacle Bidco PLC10.000% 10/11/20280.1%
Market Bidco Finco PLC4.750% 11/04/20270.1%
US Bancorp3.700% 01/15/21740.1%
Ocado Group PLC3.875% 10/08/20260.1%
Virgin Media Vendor Financing Notes III DAC4.875% 07/15/20280.1%
TOSCA SERVICES LLC5.928% 11/30/20280.1%
Mauser Packaging Solutions Holding Co7.875% 08/15/20260.1%
Talos Production Inc9.375% 02/01/20310.1%
Global Partners LP / GLP Finance Corp7.000% 08/01/20270.1%
Air Lease Corp6.000% 12/15/21730.1%
United Rentals North America Inc4.000% 07/15/20300.1%
MetLife Inc3.850% 03/15/21740.1%
Encino Acquisition Partners Holdings LLC8.500% 05/01/20280.1%
LSF12 Badger Bidco LLC10.324% 07/10/20300.1%
Bellis Acquisition Co PLC8.125% 05/14/20300.1%
LHS Borrower LLC9.170% 02/20/20290.1%
Nationstar Mortgage Holdings Inc6.500% 08/01/20290.1%
Antero Midstream Partners LP / Antero Midstream Finance Corp5.750% 01/15/20280.1%
Nabors Industries Ltd7.500% 01/15/20280.1%
Societe Generale SA9.375% 05/22/21730.1%
888 ACQUISITIONS LIMITED9.589% 07/03/20280.1%
CSC Holdings LLC4.625% 12/01/20300.1%
ZF North America Capital Inc6.875% 04/14/20280.1%
BNP Paribas SA7.375% 02/19/21740.1%
Western Alliance Bank5.250% 06/01/20300.1%
Dornoch Debt Merger Sub Inc6.625% 10/15/20290.1%
Canacol Energy Ltd5.750% 11/24/20280.1%
Acuris Finance US Inc / Acuris Finance SARL5.000% 05/01/20280.1%
Emergent BioSolutions Inc3.875% 08/15/20280.1%
FX EUR/USD 05/250.000% 05/23/20250.1%
Boxer Parent Co Inc10.030% 07/30/20320.1%
Kronos Acquisition Holdings Inc8.259% 07/08/20310.1%
Oscar AcquisitionCo LLC / Oscar Finance Inc9.500% 04/15/20300.1%
Angolan Government International Bond8.000% 11/26/20290.1%
EquipmentShare.com Inc8.625% 05/15/20320.1%
US 2YR NOTE (CBT) Jun250.000% 06/30/20250.1%
Transocean Aquila Ltd8.000% 09/30/20280.1%
Kodiak BP LLC8.067% 12/04/20310.1%
Genesis Energy LP / Genesis Energy Finance Corp8.250% 01/15/20290.1%
Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer6.750% 04/15/20280.1%
Ocado Group PLC10.500% 08/08/20290.1%
Pitney Bowes Inc6.875% 03/15/20270.1%
SM Energy Co6.500% 07/15/20280.1%
Carnival Corp6.000% 05/01/20290.1%
Bausch Health Americas Inc9.250% 04/01/20260.1%
Hilcorp Energy I LP / Hilcorp Finance Co5.750% 02/01/20290.1%
Freedom Mortgage Holdings LLC8.375% 04/01/20320.1%
Weekley Homes LLC / Weekley Finance Corp4.875% 09/15/20280.1%
Yunda Holding Investment Ltd2.250% 08/19/20250.1%
Chrome Holdco SAS5.000% 05/31/20290.1%
Advancion Holdings LLC12.173% 11/24/20280.1%
Mitchell International Inc9.578% 06/17/20320.1%
Longfor Group Holdings Ltd3.950% 09/16/20290.1%
Foundation Building Materials Inc7.791% 01/31/20280.1%
Vistra Corp8.000% 04/15/21740.1%
Cablevision Lightpath LLC5.625% 09/15/20280.1%
Ashton Woods USA LLC / Ashton Woods Finance Co4.625% 04/01/20300.1%
ION Trading Technologies Sarl5.750% 05/15/20280.1%
CCO Holdings LLC / CCO Holdings Capital Corp5.000% 02/01/20280.1%
MIWD Holdco II LLC / MIWD Finance Corp5.500% 02/01/20300.1%
Goodyear Tire & Rubber Co/The5.250% 04/30/20310.1%
CHS/Community Health Systems Inc8.000% 12/15/20270.1%
Angolan Government International Bond8.250% 05/09/20280.1%
EZCORP Inc0.000% 09/09/99990.1%
Champions Financing Inc8.750% 02/15/20290.1%
Aretec Group Inc10.000% 08/15/20300.1%
Sunoco LP / Sunoco Finance Corp7.000% 09/15/20280.1%
Lion/Polaris Lux 4 SA5.953% 07/01/20290.1%
Iceland Bondco PLC10.875% 12/15/20270.1%
STL Holding Co LLC8.750% 02/15/20290.1%
IMAX Corp0.500% 04/01/20260.1%
Shea Homes LP / Shea Homes Funding Corp4.750% 02/15/20280.1%
Walgreens Boots Alliance Inc8.125% 08/15/20290.1%
AMC Networks Inc10.250% 01/15/20290.1%
Azul Secured Finance LLP11.930% 08/28/20280.1%
TK Elevator US Newco Inc5.250% 07/15/20270.1%
Iris Holding Inc9.167% 06/28/20280.1%
Jacobs Entertainment Inc6.750% 02/15/20290.1%
CommScope LLC7.125% 07/01/20280.0%
Brandywine Operating Partnership LP4.550% 10/01/20290.0%
Vital Energy Inc9.750% 10/15/20300.0%
UBS Group AG5.125% 07/29/21730.0%
Synthomer PLC7.375% 05/02/20290.0%
Brand Industrial Services Inc8.815% 08/01/20300.0%
Dana Inc5.625% 06/15/20280.0%
Kosmos Energy Ltd7.125% 04/04/20260.0%
Antero Resources Corp7.625% 02/01/20290.0%
CSC Holdings LLC4.125% 12/01/20300.0%
Rekeep SpA9.000% 09/15/20290.0%
Kennedy Wilson Europe Real Estate Ltd3.250% 11/12/20250.0%
WaterBridge NDB Operating LLC8.295% 05/10/20290.0%
AMC Networks Inc4.250% 02/15/20290.0%
Kosmos Energy Ltd7.500% 03/01/20280.0%
Flutter Treasury DAC6.375% 04/29/20290.0%
Advancion Holdings LLC8.423% 11/24/20270.0%
Oceaneering International Inc6.000% 02/01/20280.0%
NCL Corp Ltd8.125% 01/15/20290.0%
Oceaneering International Inc6.000% 02/01/20280.0%
DISH DBS Corp7.750% 07/01/20260.0%
NIO Inc3.875% 10/15/20290.0%
Tank Holding Corp10.419% 03/31/20280.0%
Synthomer PLC7.375% 05/02/20290.0%
American Axle & Manufacturing Inc6.875% 07/01/20280.0%
Macquarie Airfinance Holdings Ltd8.125% 03/30/20290.0%
Stillwater Mining Co4.500% 11/16/20290.0%
Nine Energy Service Inc13.000% 02/01/20280.0%
Dermatology Intermediate Holdings III Inc8.569% 04/02/20290.0%
Grupo Antolin-Irausa SA10.375% 01/30/20300.0%
Xerox Holdings Corp8.875% 11/30/20290.0%
ACProducts Holdings Inc6.375% 05/15/20290.0%
AA Bond Co Ltd6.500% 01/31/20260.0%
Civitas Resources Inc8.750% 07/01/20310.0%
Baytex Energy Corp8.500% 04/30/20300.0%
Alloy Finco Ltd0.005% 03/06/20280.0%
Precision Drilling Corp7.125% 01/15/20260.0%
CPUK Finance Ltd4.500% 08/28/20270.0%
ATI Inc7.250% 08/15/20300.0%
AerCap Global Aviation Trust6.500% 06/15/20450.0%
ASG Finance Designated Activity Co9.750% 05/15/20290.0%
US 10YR NOTE (CBT)Jun250.000% 06/18/20250.0%
Matador Resources Co6.875% 04/15/20280.0%
Maison Finco PLC6.000% 10/31/20270.0%
RECOVERY SOLUTIONS PARENT LLC0.118% 01/28/20300.0%
Tank Holding Corp10.419% 03/31/20280.0%
Aircastle Ltd5.250% 09/15/21730.0%
Carpenter Technology Corp6.375% 07/15/20280.0%
Asurion LLC9.689% 02/03/20280.0%
Welltec International ApS8.250% 10/15/20260.0%
NEP Group Inc11.590% 10/19/20260.0%
US 5YR NOTE (CBT) Jun250.000% 06/30/20250.0%
VF Ukraine PAT via VFU Funding PLC9.625% 02/11/20270.0%
FX GBP/USD 06/250.000% 06/27/20250.0%
FX GBP/USD 06/250.000% 06/27/20250.0%
Wellpath Holdings Inc10.080% 10/01/20250.0%
FX EUR/USD 05/250.000% 05/23/20250.0%
FX EUR/USD 05/250.000% 05/23/20250.0%
Credit Default Swap5.000% 12/20/20250.0%
Azul Secured Finance LLP11.500% 08/28/20290.0%
FX GBP/USD 06/250.000% 06/27/20250.0%
FX GBP/USD 06/250.000% 06/27/20250.0%
FX EUR/USD 05/250.000% 05/23/20250.0%
FX GBP/USD 06/250.000% 06/27/20250.0%
FX GBP/USD 06/250.000% 06/27/20250.0%
FX EUR/USD 05/250.000% 05/23/20250.0%
FX EUR/USD 05/250.000% 05/23/20250.0%
FX EUR/USD 05/250.000% 05/23/20250.0%
FX EUR/USD 05/250.000% 05/23/20250.0%
FX GBP/USD 06/250.000% 06/27/20250.0%
FX GBP/USD 06/250.000% 06/27/20250.0%
FX EUR/USD 05/250.000% 05/23/20250.0%
FX GBP/USD 06/250.000% 06/27/20250.0%
FX EUR/USD 05/250.000% 05/23/20250.0%
FX GBP/USD 06/250.000% 06/27/20250.0%
FX GBP/USD 06/250.000% 06/27/20250.0%
FX GBP/USD 06/250.000% 06/27/20250.0%
FX EUR/USD 05/250.000% 05/23/20250.0%
FX EUR/USD 05/250.000% 05/23/20250.0%
FX GBP/USD 06/250.000% 06/27/20250.0%
FX GBP/USD 06/250.000% 06/27/20250.0%
FX EUR/USD 05/250.000% 05/23/20250.0%
FX EUR/USD 05/250.000% 05/23/20250.0%
FX GBP/USD 06/250.000% 06/27/20250.0%
ESC GCB HERTZ CORP6.250% 10/15/20220.0%
ESC GCB144A HERTZ CORP5.500% 10/15/20240.0%
LONG GILT FUTURE Jun250.000% 06/26/20250.0%
Azul SA0.000% 09/09/99990.0%
FX EUR/USD 05/250.000% 05/23/20250.0%
FX EUR/USD 05/250.000% 05/23/20250.0%
FX EUR/USD 05/250.000% 05/23/20250.0%
Credit Index Swap5.000% 06/20/20300.0%
FX EUR/USD 05/250.000% 05/23/20250.0%
FX GBP/USD 06/250.000% 06/27/20250.0%
FX USD/EUR 05/250.000% 05/23/20250.0%
FX USD/EUR 05/250.000% 05/23/20250.0%
FX EUR/USD 05/250.000% 05/23/20250.0%
FX USD/EUR 05/250.000% 05/23/20250.0%
FX USD/EUR 05/250.000% 05/23/20250.0%
FX USD/EUR 05/250.000% 05/23/20250.0%
FX USD/EUR 05/250.000% 05/23/20250.0%
FX USD/EUR 05/250.000% 05/23/20250.0%
FX USD/GBP 06/250.000% 06/27/20250.0%
FX USD/EUR 05/250.000% 05/23/20250.0%
FX USD/GBP 06/250.000% 06/27/20250.0%
FX USD/EUR 05/250.000% 05/23/20250.0%
FX USD/CHF 06/250.000% 06/06/20250.0%
FX USD/EUR 05/250.000% 05/23/20250.0%
FX USD/GBP 06/250.000% 06/27/2025-0.1%
FX USD/EUR 05/250.000% 05/23/2025-0.2%
Credit Index Swap5.000% 12/20/2029-0.3%

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

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

Dividend Payments

For
YTD Dividends Paidas of 06/18/2025
$0.32673
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 05/31/2025 $0.06506 $9.67
Daily Daily 04/30/2025 $0.06707 $9.50
Daily Daily 03/31/2025 $0.06724 $9.70
Daily Daily 02/28/2025 $0.06232 $9.91
Daily Daily 01/31/2025 $0.06505 $9.91

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 06/30/2025
Daily Daily 07/31/2025
Daily Daily 08/31/2025
Daily Daily 09/30/2025
Daily Daily 10/31/2025
Daily Daily 11/30/2025
Daily Daily 12/31/2025

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
12/16/2024 12/17/2024 $0.0009 $0.0476 $0.0485 $9.92
*

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

Sales Charge Schedule as of 06/18/2025

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $100,000 2.25% 2.00% $9.94
$100,000 to $249,999 1.75% 1.50% $9.89
$250,000 to $499,999 1.25% 1.00% $9.84
Greater than $500,000 0.00% 1.00% $9.72

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

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

For Sales Charge Reductions and Waivers View Full Disclosure

SALES CHARGE REDUCTIONS AND WAIVERS

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

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

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

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

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

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

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

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

 

Expense Ratioas of 05/31/2025

Fund Gross Expense Ratio 0.71%
Fund Net Expense Ratio 0.65%

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

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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.      

                    

 

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.

 

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

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

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

 

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

 

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

 

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

 

The 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.

 

 

Lipper Category Average Expense Ratio reflects the average net expenses of Class A shares of all funds with in the peer group based on Lipper data available.

 

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

 

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

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.

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

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

Select funds to run a Morningstar Hypothetical Report.

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