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 03/24/2025

$9.80

arrowUp$0.02

YTD Returns w/o sales charge as of 03/24/2025

1.11%

Overall Morningstar Ratings

High Yield Bond
as of 02/28/2025

Morningstar rated the Lord Abbett Short Duration High Yield Fund class A share 5 stars among 592 High Yield Bond Funds for the overall rating and the 3 year periods ended 2/28/2025, 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 02/28/2025

7.96%

30-Day Standardized Yield 1 as of 02/28/2025  

  Subsidized2 Un-Subsidized3
w/o sales charge 6.81% 6.71%

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.

Fund Basicsas of 02/28/2025

Total Net Assets
$8.36 B
Inception Date
05/01/2020
Dividend Frequency
Monthly
Fund Gross Expense Ratio
0.71%
Fund Net Expense Ratio
0.65%
Number of Holdings
722
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 1.70% 9.82% 6.10% - - 7.35%
Lipper Category Avg. Short High Yield Funds 1.54% 8.24% 4.96% - - -
ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD Index 1.85% 8.73% 5.53% - - 6.81%
w/ sales charge -0.62% 7.31% 5.30% - - 6.85%

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 9.15% 9.15% 4.83% - - 7.23%
Lipper Category Avg. Short High Yield Funds 7.32% 7.32% 3.89% - - -
ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD Index 7.21% 7.21% 4.23% - - 6.63%
w/ sales charge 6.66% 6.66% 4.03% - - 6.71%

Fund Expense Ratio :

Gross 0.71%

Net 0.65%

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

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

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 02/28/2025

7.96%

30-Day Standardized Yield 1 as of 02/28/2025  

  Subsidized2 Un-Subsidized3
w/o sales charge 6.81% 6.71%

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 1.70% 9.82% 6.10% - - 7.35%
Lipper Category Avg. Short High Yield Funds 1.54% 8.24% 4.96% - - -
ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD Index 1.85% 8.73% 5.53% - - 6.81%
w/ sales charge -0.62% 7.31% 5.30% - - 6.85%

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 9.15% 9.15% 4.83% - - 7.23%
Lipper Category Avg. Short High Yield Funds 7.32% 7.32% 3.89% - - -
ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD Index 7.21% 7.21% 4.23% - - 6.63%
w/ sales charge 6.66% 6.66% 4.03% - - 6.71%

Fund Expense Ratio :

Gross 0.71%

Net 0.65%

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

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
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 - - - -
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 02/28/2025

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
Investment Grade Corporate
MBS
Convertible Bonds
CLO
CMBS
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 02/28/2025

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

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

Portfolio Positioning as of 12/31/2024

  • We continue to focus on investments with higher carry. With high yield spreads south of 300 basis points, and the direction of interest rates still largely uncertain, we continue to target investments that offer higher levels of carry. We added to several positions over the month, specifically in lower-rated CCCs, as economic data continued to be resilient. Within this rating cohort, however, we have prioritized more idiosyncratic risk opportunities as opposed to adding broader risk exposure. To fund these purchases, we reduced allocations to longer-duration BBs and Single Bs that we viewed as offering limited relative value.
  • The Fund’s sector exposure remains balanced. The Fund is overweight the Energy and Transportation sectors, which finished the quarter as the top sector overweights. In Energy, we are constructive in the sector given resilient economic growth with potential for higher inflation and commodity prices. As for Transportation, we favor airline and air travel companies where fundamentals continue to be strong. However, we reduced the Fund’s overweight in Basic Industry, specifically in Chemicals, Metals and Mining which carry exposure to weaker economies to Europe and China as well as Building Materials given their sensitivity towards higher rates. The Fund’s top sector underweights remained Media, where companies have excessive levels of leverage, and Consumer Goods and Services, which is driven by relative valuations.
  • We increased floating rate exposure within the Fund. We generally believe that select exposures to non-high yield sectors can offer attractive risk-reward opportunities, potential portfolio diversification benefits, and avenues for liquidity. The Fund has the flexibility to toggle allocations to off-benchmark asset classes, such as bank loans and convertible bonds. As bond yields moved higher over the quarter, we added floating rate exposure to the Fund, specifically through bank loans, given their lower sensitivity to interest rate sensitivity relative to high yield.
  • We remain constructive on short duration high yield credit amid a supportive macroeconomic environment and strong issuer fundamentals. We remain optimistic about the potential for high yield credit to deliver solid returns in 2025. Notably, spread valuations continue to be close to historic tights, but our view is that these valuation levels are supported given the current fundamental strength and higher-quality ratings mix among high yield issuers. Additionally, a supportive macroeconomic environment in the U.S., and accommodative financial conditions should help translate into lower issuer defaults in the year ahead. A high starting yield and lower expected default environment in 2025 should bode well for the asset class, which can be a strategic allocation for investors looking for income. Key risk factors to watch remain a resurgence of inflation that upends the narrative accommodative monetary policy, a pivot by issuers to more non-credit-friendly uses of debt finance, and a macro or policy driven spike of interest rate volatility that would leave investors flipping to defensive with less focus on credit. We look to be dynamic with our positioning in the Fund given this potential for increased market fluctuations.

PORTFOLIO DETAILS as of 02/28/2025

Total Net Assets
$8.36 B
Average Effective Duration
1.85 Years
Average Maturity
2.83 Years
Number of Issues
722
Average Yield to Maturity
7.96%

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
Tenet Healthcare Corp 6.250% 02/01/2027 0.7%
Olympus Water US Holding Corp 9.750% 11/15/2028 0.7%
OneMain Finance Corp 6.625% 01/15/2028 0.6%
PetSmart Inc / PetSmart Finance Corp 7.750% 02/15/2029 0.6%
CCO Holdings LLC / CCO Holdings Capital Corp 5.125% 05/01/2027 0.5%
Frontier Communications Holdings LLC 5.875% 10/15/2027 0.5%
Carnival Corp 5.750% 03/01/2027 0.5%
AMC Networks Inc 4.250% 02/15/2029 0.5%
Performance Food Group Inc 5.500% 10/15/2027 0.5%
Rakuten Group Inc 9.750% 04/15/2029 0.5%
% of Total Assets 5.6%
Holding Coupon Maturity Assets
BARCLAYS CAPITAL4.330% 02/03/20251.1%
Tenet Healthcare Corp6.250% 02/01/20270.8%
Olympus Water US Holding Corp9.750% 11/15/20280.7%
Carnival Corp5.750% 03/01/20270.6%
PetSmart Inc / PetSmart Finance Corp7.750% 02/15/20290.6%
CCO Holdings LLC / CCO Holdings Capital Corp5.125% 05/01/20270.6%
Frontier Communications Holdings LLC5.875% 10/15/20270.6%
AMC Networks Inc4.250% 02/15/20290.5%
Borr IHC Ltd / Borr Finance LLC10.000% 11/15/20280.5%
Performance Food Group Inc5.500% 10/15/20270.5%
Sirius XM Radio LLC3.125% 09/01/20260.5%
Rakuten Group Inc9.750% 04/15/20290.5%
30-YR GNMA II-TBA PROD MAR7.000% 01/01/20540.5%
Gray Media Inc7.000% 05/15/20270.5%
Smyrna Ready Mix Concrete LLC6.000% 11/01/20280.5%
Hecla Mining Co7.250% 02/15/20280.5%
Hudbay Minerals Inc4.500% 04/01/20260.5%
Sotheby's7.375% 10/15/20270.4%
GrubHub Holdings Inc5.500% 07/01/20270.4%
United Airlines Inc4.375% 04/15/20260.4%
Midcap Financial Issuer Trust6.500% 05/01/20280.4%
30-YR UMBS-TBA PROD MAR7.000% 05/01/20530.4%
EquipmentShare.com Inc9.000% 05/15/20280.4%
Wildfire Intermediate Holdings LLC7.500% 10/15/20290.4%
VistaJet Malta Finance PLC / Vista Management Holding Inc9.500% 06/01/20280.4%
California Resources Corp8.250% 06/15/20290.4%
Buckeye Partners LP6.750% 02/01/20300.4%
USA Compression Partners LP / USA Compression Finance Corp6.875% 09/01/20270.4%
Husky Injection Molding Systems Ltd / Titan Co-Borrower LLC9.000% 02/15/20290.4%
Jefferies Finance LLC / JFIN Co-Issuer Corp5.000% 08/15/20280.4%
Victra Holdings LLC / Victra Finance Corp8.750% 09/15/20290.4%
Freedom Mortgage Corp12.000% 10/01/20280.4%
Cloud Software Group Inc6.500% 03/31/20290.4%
Venture Global LNG Inc9.500% 02/01/20290.4%
WASH Multifamily Acquisition Inc5.750% 04/15/20260.4%
Comstock Resources Inc6.750% 03/01/20290.4%
Saks Global Enterprises LLC11.000% 12/15/20290.4%
OneMain Finance Corp6.625% 01/15/20280.4%
PennyMac Financial Services Inc5.375% 10/15/20250.4%
30-YR UMBS-TBA PROD MAR6.000% 02/01/20540.4%
Talos Production Inc9.000% 02/01/20290.4%
Unisys Corp6.875% 11/01/20270.4%
MGM Resorts International5.500% 04/15/20270.4%
LFS Topco LLC5.875% 10/15/20260.4%
Frontier Communications Holdings LLC5.000% 05/01/20280.3%
Staples Inc10.750% 09/01/20290.3%
CVR Partners LP / CVR Nitrogen Finance Corp6.125% 06/15/20280.3%
30-YR UMBS-TBA PROD MAR6.500% 07/01/20530.3%
Heartland Dental LLC / Heartland Dental Finance Corp10.500% 04/30/20280.3%
Civitas Resources Inc5.000% 10/15/20260.3%
Griffon Corp5.750% 03/01/20280.3%
Crescent Energy Finance LLC9.250% 02/15/20280.3%
Coronado Finance Pty Ltd9.250% 10/01/20290.3%
Allied Universal Holdco LLC / Allied Universal Finance Corp9.750% 07/15/20270.3%
30-YR GNMA II-TBA PROD MAR6.000% 06/01/20540.3%
CHS/Community Health Systems Inc5.625% 03/15/20270.3%
Dexko Global Inc8.052% 10/04/20280.3%
Saturn Oil & Gas Inc9.625% 06/15/20290.3%
OneMain Finance Corp7.125% 03/15/20260.3%
Nationstar Mortgage Holdings Inc5.000% 02/01/20260.3%
American Airlines Inc7.250% 02/15/20280.3%
Kraken Oil & Gas Partners LLC7.625% 08/15/20290.3%
Alliance Resource Operating Partners LP / Alliance Resource Finance Corp8.625% 06/15/20290.3%
Viking Cruises Ltd5.875% 09/15/20270.3%
Trulieve Cannabis Corp8.000% 10/06/20260.3%
Advantage Sales & Marketing Inc6.500% 11/15/20280.3%
Sitio Royalties Operating Partnership LP / Sitio Finance Corp7.875% 11/01/20280.3%
CPM Holdings Inc8.815% 09/28/20280.3%
Directv Financing LLC / Directv Financing Co-Obligor Inc5.875% 08/15/20270.3%
LSB Industries Inc6.250% 10/15/20280.3%
Transocean Inc8.250% 05/15/20290.3%
Benteler International AG10.500% 05/15/20280.3%
Macquarie Airfinance Holdings Ltd8.375% 05/01/20280.3%
Sabre GLBL Inc8.625% 06/01/20270.3%
Central Parent Inc / CDK Global Inc7.250% 06/15/20290.3%
RR Donnelley & Sons Co9.500% 08/01/20290.3%
Alta Equipment Group Inc9.000% 06/01/20290.3%
Univision Communications Inc8.000% 08/15/20280.3%
Kimmeridge Texas Gas LLC8.500% 02/15/20300.3%
AmeriTex HoldCo Intermediate LLC10.250% 10/15/20280.3%
Air Canada3.875% 08/15/20260.3%
Global Marine Inc7.000% 06/01/20280.3%
Prime Security Services Borrower LLC / Prime Finance Inc5.750% 04/15/20260.3%
CCO Holdings LLC / CCO Holdings Capital Corp5.500% 05/01/20260.3%
Seaspan Corp5.500% 08/01/20290.3%
Brandywine Operating Partnership LP8.875% 04/12/20290.3%
CITGO Petroleum Corp8.375% 01/15/20290.3%
Victoria's Secret & Co4.625% 07/15/20290.3%
CommScope LLC8.250% 03/01/20270.3%
Aston Martin Capital Holdings Ltd10.000% 03/31/20290.3%
Vital Energy Inc7.750% 07/31/20290.3%
Curaleaf Holdings Inc8.000% 12/15/20260.3%
Univision Communications Inc6.625% 06/01/20270.3%
Venture Global LNG Inc8.125% 06/01/20280.3%
Tenneco Inc8.000% 11/17/20280.3%
ROCK Trust 2024-CNTR8.819% 11/13/20410.3%
CoreCivic Inc8.250% 04/15/20290.3%
JPMorgan Chase & Co4.000% 10/01/21730.3%
Novelis Inc6.875% 01/30/20300.3%
Rain Carbon Inc12.250% 09/01/20290.3%
Delek Logistics Partners LP / Delek Logistics Finance Corp7.125% 06/01/20280.3%
Landsea Homes Corp8.875% 04/01/20290.3%
Civitas Resources Inc8.375% 07/01/20280.3%
Fortress Transportation and Infrastructure Investors LLC5.500% 05/01/20280.3%
SunCoke Energy Inc4.875% 06/30/20290.3%
Brightline East LLC11.000% 01/31/20300.3%
Shelf Drilling Holdings Ltd9.625% 04/15/20290.3%
Global Auto Holdings Ltd/AAG FH UK Ltd8.375% 01/15/20290.3%
Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp5.250% 10/01/20250.2%
Ally Financial Inc5.750% 11/20/20250.2%
Rand Parent LLC8.500% 02/15/20300.2%
RAC Bond Co PLC5.250% 11/04/20270.2%
Outfront Media Capital LLC / Outfront Media Capital Corp5.000% 08/15/20270.2%
Danske Bank A/S4.375% 11/18/21730.2%
CEC Entertainment LLC6.750% 05/01/20260.2%
Inter Media and Communication SpA6.750% 02/09/20270.2%
Vistra Corp7.000% 06/15/21730.2%
30-YR GNMA II-TBA PROD FEB6.500% 04/01/20540.2%
Nexstar Media Inc5.625% 07/15/20270.2%
Virgin Media Vendor Financing Notes IV DAC5.000% 07/15/20280.2%
Castlelake Aviation Finance DAC5.000% 04/15/20270.2%
Brand Industrial Services Inc10.375% 08/01/20300.2%
US Acute Care Solutions LLC9.750% 05/15/20290.2%
30-YR GNMA II-TBA PROD MAR6.500% 04/01/20540.2%
Valaris Ltd8.375% 04/30/20300.2%
Deuce Finco Plc5.500% 06/15/20270.2%
Hilcorp Energy I LP / Hilcorp Finance Co6.250% 11/01/20280.2%
GrafTech Global Enterprises Inc9.875% 12/23/20290.2%
gategroup Finance Luxembourg SA3.000% 02/28/20270.2%
Mauser Packaging Solutions Holding Co9.250% 04/15/20270.2%
SM Energy Co6.625% 01/15/20270.2%
Valley National Bancorp3.000% 06/15/20310.2%
LCPR Senior Secured Financing DAC6.750% 10/15/20270.2%
Torrid LLC10.120% 06/14/20280.2%
Bausch + Lomb Corp8.375% 10/01/20280.2%
Coinbase Global Inc3.375% 10/01/20280.2%
ATS Corp4.125% 12/15/20280.2%
ION Trading Technologies Sarl9.500% 05/30/20290.2%
Adient Global Holdings Ltd4.875% 08/15/20260.2%
CPI CG Inc10.000% 07/15/20290.2%
Directv Financing LLC9.808% 08/02/20290.2%
JELD-WEN Inc4.875% 12/15/20270.2%
Medco Bell Pte Ltd6.375% 01/30/20270.2%
Hunt Cos Inc5.250% 04/15/20290.2%
GGAM Finance Ltd8.000% 06/15/20280.2%
TransDigm Inc5.500% 11/15/20270.2%
Market Bidco Finco PLC5.500% 11/04/20270.2%
Algoma Steel Inc9.125% 04/15/20290.2%
Bread Financial Holdings Inc9.750% 03/15/20290.2%
Seadrill Finance Ltd8.375% 08/01/20300.2%
HAT Holdings I LLC / HAT Holdings II LLC8.000% 06/15/20270.2%
Herens Midco Sarl5.250% 05/15/20290.2%
Encino Acquisition Partners Holdings LLC8.750% 05/01/20310.2%
Punch Finance PLC6.125% 06/30/20260.2%
PennyMac Corp5.500% 03/15/20260.2%
Rakuten Group Inc11.250% 02/15/20270.2%
Herens US Holdco Corp8.235% 07/03/20280.2%
SM Energy Co6.750% 08/01/20290.2%
Eco Material Technologies Inc7.875% 01/31/20270.2%
Star Parent Inc8.075% 09/30/20300.2%
Spin Holdco Inc8.465% 03/06/20280.2%
Hughes Satellite Systems Corp6.625% 08/01/20260.2%
Bellis Finco PLC4.000% 02/16/20270.2%
Jefferson Capital Holdings LLC6.000% 08/15/20260.2%
Hertz Corp/The4.625% 12/01/20260.2%
Empire Resorts Inc7.750% 11/01/20260.2%
M&T Bank Corp3.500% 03/01/21730.2%
TerraForm Power Operating LLC5.000% 01/31/20280.2%
Avation Capital SA8.250% 10/31/20260.2%
SS&C Technologies Inc5.500% 09/30/20270.2%
Tank Holding Corp10.412% 03/31/20280.2%
CPUK Finance Ltd6.500% 08/28/20260.2%
American Trailer World Corp8.163% 03/03/20280.2%
Gulfport Energy Operating Corp6.750% 09/01/20290.2%
Xerox Holdings Corp5.000% 08/15/20250.2%
Cheplapharm Arzneimittel GmbH5.500% 01/15/20280.2%
NatWest Group PLC8.000% 09/30/21730.2%
Newell Brands Inc6.375% 09/15/20270.2%
CSN Inova Ventures6.750% 01/28/20280.2%
Sunrise HoldCo IV BV5.500% 01/15/20280.2%
NAUTILUS POWER LLC9.801% 11/16/20260.2%
Petroleos Mexicanos8.750% 06/02/20290.2%
Global Auto Holdings Ltd/AAG FH UK Ltd11.500% 08/15/20290.2%
Freedom Mortgage Holdings LLC9.250% 02/01/20290.2%
Standard Chartered PLC3.516% 02/12/20300.2%
Dye & Durham Ltd8.625% 04/15/20290.2%
Camelot Return Merger Sub Inc8.750% 08/01/20280.2%
EnQuest PLC11.625% 11/01/20270.2%
Equitable Holdings Inc4.950% 12/15/21730.2%
Mercer International Inc12.875% 10/01/20280.2%
CELESTIAL SATURN PARENT INC10.928% 06/04/20290.2%
Kobe US Midco 2 Inc9.250% 11/01/20260.2%
Park River Holdings Inc7.693% 12/28/20270.2%
Freedom Mortgage Corp12.250% 10/01/20300.2%
Conair Holdings LLC8.166% 05/17/20280.2%
ADMI Corp8.176% 12/23/20270.2%
Helix Energy Solutions Group Inc9.750% 03/01/20290.2%
WaterBridge Midstream Operating LLC9.077% 06/27/20290.2%
Asurion LLC9.663% 01/22/20290.2%
Osaic Holdings Inc10.750% 08/01/20270.2%
DISH DBS Corp7.375% 07/01/20280.2%
Revere Power LLC8.644% 03/30/20260.2%
CP Atlas Buyer Inc7.000% 12/01/20280.2%
Iceland Bondco PLC10.875% 12/15/20270.2%
Lumen Technologies Inc6.765% 04/16/20290.2%
New Gold Inc7.500% 07/15/20270.2%
Lightstone Holdco LLC10.241% 01/29/20270.2%
ASP Unifrax Holdings Inc10.425% 09/30/20290.2%
Nexus Buyer LLC8.312% 07/31/20310.2%
Acuris Finance US Inc / Acuris Finance SARL9.000% 08/01/20290.2%
Ahlstrom Holding 3 Oy4.875% 02/04/20280.2%
Champions Financing Inc9.087% 02/23/20290.2%
Kodiak Gas Services LLC7.250% 02/15/20290.2%
Albion Financing 2 Sarl8.750% 04/15/20270.2%
GEO Group Inc/The8.625% 04/15/20290.2%
Nabors Industries Inc7.375% 05/15/20270.2%
Red Oak Power LLC8.310% 10/01/20300.2%
United Wholesale Mortgage LLC5.500% 11/15/20250.2%
Summer BC Holdco A Sarl9.250% 10/31/20270.2%
Nova Alexandre III SAS8.035% 07/15/20290.2%
West China Cement Ltd4.950% 07/08/20260.2%
Chord Energy Corp6.375% 06/01/20260.2%
HLF Financing Sarl LLC / Herbalife International Inc12.250% 04/15/20290.2%
Strathcona Resources Ltd/Alberta6.875% 08/01/20260.2%
Standard Industries Inc/NY5.000% 02/15/20270.2%
Aethon United BR LP / Aethon United Finance Corp7.500% 10/01/20290.2%
Allied Universal Holdco LLC8.153% 05/15/20280.2%
Iliad Holding SASU7.000% 10/15/20280.2%
Stillwater Mining Co4.000% 11/16/20260.2%
Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp5.250% 05/15/20270.2%
Melco Resorts Finance Ltd5.750% 07/21/20280.2%
ILFC E-Capital Trust I6.149% 12/21/20650.2%
Texas Debt Capital CLO 2024-I Ltd6.240% 04/22/20370.2%
IHO Verwaltungs GmbH6.375% 05/15/20290.2%
Millennium Escrow Corp6.625% 08/01/20260.2%
Goldman Sachs Group Inc/The6.850% 08/10/21730.2%
Blue Owl Technology Finance Corp II6.750% 04/04/20290.2%
AdaptHealth LLC6.125% 08/01/20280.1%
United Rentals North America Inc5.500% 05/15/20270.1%
Miller Homes Group Finco PLC7.000% 05/15/20290.1%
Hughes Satellite Systems Corp5.250% 08/01/20260.1%
Novelis Corp3.250% 11/15/20260.1%
Boeing Co/The6.000% 10/15/20270.1%
Penn Entertainment Inc4.125% 07/01/20290.1%
Aris Mining Corp8.000% 10/31/20290.1%
Sinclair Television Group Inc8.149% 04/23/20290.1%
ContourGlobal Power Holdings SA6.750% 02/28/20300.1%
Welltec International ApS8.250% 10/15/20260.1%
ASG Finance Designated Activity Co9.750% 05/15/20290.1%
Cornerstone Building Brands Inc9.500% 08/15/20290.1%
Ford Motor Credit Co LLC5.125% 06/16/20250.1%
Sigma Holdco BV7.875% 05/15/20260.1%
Energy Transfer LP6.500% 11/15/21730.1%
Noble Finance II LLC8.000% 04/15/20300.1%
SierraCol Energy Andina LLC6.000% 06/15/20280.1%
MetLife Inc3.850% 03/15/21730.1%
Ivanhoe Mines Ltd7.875% 01/23/20300.1%
CNX Resources Corp6.000% 01/15/20290.1%
Howard Hughes Corp/The5.375% 08/01/20280.1%
Nationstar Mortgage Holdings Inc5.500% 08/15/20280.1%
Studio City Finance Ltd5.000% 01/15/20290.1%
Diamond Foreign Asset Co / Diamond Finance LLC8.500% 10/01/20300.1%
Vistra Corp8.875% 07/15/21730.1%
Summer BC Bidco B LLC5.500% 10/31/20260.1%
RWT Holdings Inc5.750% 10/01/20250.1%
LABL Inc9.500% 11/01/20280.1%
Frontier Communications Holdings LLC6.750% 05/01/20290.1%
Enstall Group BV9.514% 08/30/20280.1%
P&L Development LLC / PLD Finance Corp12.000% 05/15/20290.1%
Iris Holding Inc9.315% 06/28/20280.1%
First Quantum Minerals Ltd9.375% 03/01/20290.1%
RVR Dealership Holdings LLC8.193% 02/08/20280.1%
Eldorado Gold Corp6.250% 09/01/20290.1%
ATI Inc5.875% 12/01/20270.1%
PHH Escrow Issuer LLC/PHH Corp9.875% 11/01/20290.1%
LABL Inc10.500% 07/15/20270.1%
30-YR GNMA II-TBA PROD FEB6.000% 06/01/20540.1%
TEGNA Inc4.625% 03/15/20280.1%
INEOS Finance PLC6.750% 05/15/20280.1%
Canary Wharf Group Investment Holdings PLC2.625% 04/23/20250.1%
Delek Logistics Partners LP / Delek Logistics Finance Corp8.625% 03/15/20290.1%
Nigeria Government International Bond8.375% 03/24/20290.1%
Staples Inc10.177% 09/10/20290.1%
Boxer Parent Co Inc10.037% 07/30/20320.1%
Sunnova Energy Corp5.875% 09/01/20260.1%
SM Energy Co6.750% 09/15/20260.1%
PBF Holding Co LLC / PBF Finance Corp6.000% 02/15/20280.1%
888 Acquisitions Ltd7.558% 07/15/20270.1%
McGraw-Hill Education Inc5.750% 08/01/20280.1%
Genting New York LLC / GENNY Capital Inc7.250% 10/01/20290.1%
Gainwell Acquisition Corp8.410% 10/01/20270.1%
Compass Minerals International Inc6.750% 12/01/20270.1%
ZF North America Capital Inc4.750% 04/29/20250.1%
Walgreens Boots Alliance Inc8.125% 08/15/20290.1%
CA Magnum Holdings5.375% 10/31/20260.1%
Constant Contact Inc8.302% 02/10/20280.1%
Stonegate Pub Co Financing 2019 PLC10.750% 07/31/20290.1%
AMC Entertainment Holdings Inc10.000% 06/15/20260.1%
LGI Homes Inc8.750% 12/15/20280.1%
Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC10.500% 02/15/20280.1%
Vistra Operations Co LLC5.625% 02/15/20270.1%
Tempur Sealy International Inc6.805% 10/24/20310.1%
Calpine Corp6.049% 01/31/20310.1%
30-YR UMBS-TBA PROD FEB6.500% 07/01/20530.1%
Northern Oil & Gas Inc8.125% 03/01/20280.1%
Helios Software Holdings Inc / ION Corporate Solutions Finance Sarl8.750% 05/01/20290.1%
Mercer International Inc5.125% 02/01/20290.1%
BNP Paribas SA7.375% 02/19/21730.1%
Wells Fargo & Co5.447% 04/22/20280.1%
Antero Midstream Partners LP / Antero Midstream Finance Corp5.750% 03/01/20270.1%
JPMorgan Chase & Co6.500% 04/01/21730.1%
Bausch Health Cos Inc5.500% 11/01/20250.1%
Schneider Electric SE1.970% 11/27/20300.1%
Rakuten Group Inc5.125% 10/22/21730.1%
Bausch Health Cos Inc4.875% 06/01/20280.1%
Goodyear Tire & Rubber Co/The5.000% 05/31/20260.1%
Oscar Acquisitionco LLC8.601% 04/30/20290.1%
NEP Group Inc7.805% 08/19/20260.1%
Mauser Packaging Solutions Holding Co7.875% 08/15/20260.1%
FirstCash Inc4.625% 09/01/20280.1%
Navient Corp6.750% 06/15/20260.1%
ASP Unifrax Holdings Inc7.100% 09/30/20290.1%
Ashton Woods USA LLC / Ashton Woods Finance Co4.625% 08/01/20290.1%
Anastasia Parent LLC8.052% 08/11/20250.1%
Range Resources Corp8.250% 01/15/20290.1%
ILFC E-Capital Trust II6.399% 12/21/20650.1%
Emergent BioSolutions Inc3.875% 08/15/20280.1%
Algonquin Power & Utilities Corp4.750% 01/18/20820.1%
Plaskolite PPC Intermediate II LLC8.428% 12/15/20250.1%
Pinnacle Bidco PLC10.000% 10/11/20280.1%
Lsf12 Crown US Commercial Bidco LLC8.559% 12/02/20310.1%
MGM China Holdings Ltd5.250% 06/18/20250.1%
Constant Contact Inc11.802% 02/12/20290.1%
Azul Secured Finance LLP11.930% 08/28/20280.1%
Cogent Communications Group Inc / Cogent Communications Finance Inc7.000% 06/15/20270.1%
CSC Holdings LLC11.750% 01/31/20290.1%
Team Health Holdings Inc9.560% 03/02/20270.1%
Ascent Resources Utica Holdings LLC / ARU Finance Corp5.875% 06/30/20290.1%
Popular Inc7.250% 03/13/20280.1%
Cerdia Finanz GmbH9.375% 10/03/20310.1%
VF Ukraine PAT via VFU Funding PLC6.200% 02/11/20250.1%
State Street Corp6.450% 06/15/21730.1%
Modena Buyer LLC8.810% 07/01/20310.1%
Piedmont Operating Partnership LP6.875% 07/15/20290.1%
Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC4.750% 04/15/20280.1%
Nordstrom Inc4.000% 03/15/20270.1%
Stonepeak Taurus Lower Holdings LLC11.391% 01/28/20300.1%
Full House Resorts Inc8.250% 02/15/20280.1%
City Football Group Ltd7.413% 07/22/20300.1%
Global Partners LP / GLP Finance Corp7.000% 08/01/20270.1%
GGAM Finance Ltd8.000% 02/15/20270.1%
Solaris Midstream Holdings LLC7.625% 04/01/20260.1%
Newell Brands Inc5.700% 04/01/20260.1%
INEOS Quattro Finance 2 Plc9.625% 03/15/20290.1%
Piedmont Operating Partnership LP9.250% 07/20/20280.1%
SCIL IV LLC / SCIL USA Holdings LLC5.375% 11/01/20260.1%
Lumen Technologies Inc6.765% 04/15/20300.1%
Maxim Crane Works Holdings Capital LLC11.500% 09/01/20280.1%
NRG Energy Inc2.750% 06/01/20480.1%
ACProducts Holdings Inc8.553% 05/17/20280.1%
Ken Garff Automotive LLC4.875% 09/15/20280.1%
TEGNA Inc4.750% 03/15/20260.1%
Premier Foods Finance PLC3.500% 10/15/20260.1%
Staples Inc12.750% 01/15/20300.1%
Calpine Corp5.125% 03/15/20280.1%
Calumet Specialty Products Partners LP / Calumet Finance Corp9.750% 07/15/20280.1%
Chemours Co/The5.375% 05/15/20270.1%
NRG Energy Inc10.250% 09/15/21730.1%
Canacol Energy Ltd5.750% 11/24/20280.1%
30-YR UMBS-TBA PROD FEB6.000% 02/01/20540.1%
Organon & Co / Organon Foreign Debt Co-Issuer BV4.125% 04/30/20280.1%
OSI Systems Inc2.250% 08/01/20290.1%
WE Soda Investments Holding PLC9.500% 10/06/20280.1%
Starwood Property Trust Inc7.250% 04/01/20290.1%
Wynn Macau Ltd5.500% 10/01/20270.1%
Aretec Group Inc10.000% 08/15/20300.1%
BCPE Grill Parent Inc9.264% 09/30/20300.1%
Permian Resources Operating LLC5.375% 01/15/20260.1%
Sigma Holdco BV5.750% 05/15/20260.1%
NCL Finance Ltd6.125% 03/15/20280.1%
INEOS Finance PLC7.500% 04/15/20290.1%
Peebles Park CLO Ltd6.293% 04/21/20370.1%
Vibrantz Technologies Inc8.643% 04/23/20290.1%
Western Alliance Bancorp3.000% 06/15/20310.1%
Nationstar Mortgage Holdings Inc6.000% 01/15/20270.1%
Archrock Partners LP / Archrock Partners Finance Corp6.250% 04/01/20280.1%
American Builders & Contractors Supply Co Inc4.000% 01/15/20280.1%
EPIC Y-Grade Services LP10.046% 06/29/20290.1%
USA Compression Partners LP / USA Compression Finance Corp7.125% 03/15/20290.1%
NESCO Holdings II Inc5.500% 04/15/20290.1%
Energizer Holdings Inc6.500% 12/31/20270.1%
Starwood Property Trust Inc6.500% 07/01/20300.1%
Sunoco LP / Sunoco Finance Corp6.000% 04/15/20270.1%
Blackstone Mortgage Trust Inc5.500% 03/15/20270.1%
Barracuda Networks Inc8.943% 08/15/20290.1%
Light & Wonder International Inc7.000% 05/15/20280.1%
Sabre GLBL Inc11.250% 12/15/20270.1%
Specialty Building Products Holdings LLC / SBP Finance Corp7.750% 10/15/20290.1%
Dana Inc4.250% 09/01/20300.1%
Tenet Healthcare Corp6.125% 10/01/20280.1%
Global Atlantic Fin Co4.700% 10/15/20510.1%
Provident Funding Associates LP / PFG Finance Corp9.750% 09/15/20290.1%
NOVA Chemicals Corp5.250% 06/01/20270.1%
GDS Holdings Ltd4.500% 01/31/20300.1%
Ocado Group PLC3.875% 10/08/20260.1%
Cinemark USA Inc5.250% 07/15/20280.1%
United PF Holdings LLC8.558% 12/30/20260.1%
Gold Pole Capital Co Ltd1.000% 06/25/20290.1%
Park-Ohio Industries Inc6.625% 04/15/20270.1%
ZF North America Capital Inc7.125% 04/14/20300.1%
TruGreen LP8.409% 11/02/20270.1%
Brookhaven Park CLO LTD6.293% 04/19/20370.1%
Heathrow Finance PLC3.875% 03/01/20270.1%
Ally Financial Inc4.700% 08/15/21730.1%
American Axle & Manufacturing Inc6.500% 04/01/20270.1%
BCPE North Star US Holdco 2 Inc8.428% 06/12/20280.1%
Vistra Operations Co LLC5.000% 07/31/20270.1%
Hess Midstream Operations LP5.625% 02/15/20260.1%
Sinclair Television Group Inc7.460% 04/03/20280.1%
GPS Hospitality Holding Co LLC / GPS Finco Inc7.000% 08/15/20280.1%
Energy Transfer LP6.750% 05/15/21730.1%
Evergreen Acqco 1 LP / TVI Inc9.750% 04/26/20280.1%
GGAM Finance Ltd6.875% 04/15/20290.1%
TGNR Intermediate Holdings LLC5.500% 10/15/20290.1%
Coherent Corp5.000% 12/15/20290.1%
Sunnova Energy International Inc0.250% 12/01/20260.1%
PetSmart Inc / PetSmart Finance Corp4.750% 02/15/20280.1%
Neptune Bidco US Inc9.290% 04/15/20290.1%
Mobico Group PLC4.250% 02/26/21730.1%
Biocon Biologics Global PLC6.670% 10/09/20290.1%
Herbalife Nutrition Ltd / HLF Financing Inc7.875% 09/01/20250.1%
NCR Atleos Corp9.500% 04/01/20290.1%
Nova Ltd0.000% 10/15/20250.1%
Osaic Holdings Inc7.811% 08/16/20280.1%
Howard Midstream Energy Partners LLC8.875% 07/15/20280.1%
Harvest Midstream I LP7.500% 09/01/20280.1%
Permian Resources Operating LLC8.000% 04/15/20270.1%
AG Issuer LLC6.250% 03/01/20280.1%
Royal Caribbean Cruises Ltd5.500% 08/31/20260.1%
Dermatology Intermediate Holdings III Inc9.806% 04/02/20290.1%
Cogent Communications Group LLC3.500% 05/01/20260.1%
PODS LLC7.776% 03/31/20280.1%
Bombardier Inc7.500% 02/01/20290.1%
Carlyle US CLO 2022-3 Ltd6.843% 04/20/20370.1%
Energizer Holdings Inc4.750% 06/15/20280.1%
Edelman Financial Engines Center LLC/The9.563% 10/06/20280.1%
Global Medical Response Inc6.500% 10/01/20250.1%
Lumen Technologies Inc4.500% 01/15/20290.1%
Lion/Polaris Lux 4 SA6.303% 07/01/20290.1%
Gray Media Inc10.500% 07/15/20290.1%
Hunter US Bidco Inc8.643% 08/21/20280.1%
Arko Corp5.125% 11/15/20290.1%
Talos Production Inc9.375% 02/01/20310.1%
Comstock Resources Inc5.875% 01/15/20300.1%
Dechra Finance US LLC7.549% 12/03/20310.1%
AMC Entertainment Holdings Inc11.300% 01/04/20290.1%
Nabors Industries Ltd7.500% 01/15/20280.1%
Newmark Group Inc7.500% 01/12/20290.1%
Penn Entertainment Inc5.625% 01/15/20270.1%
Blackstone Mortgage Trust Inc3.750% 01/15/20270.1%
Dana Inc5.375% 11/15/20270.1%
SNF Group SACA3.125% 03/15/20270.1%
OHA Credit Partners XII Ltd6.240% 04/23/20370.1%
Sixth Street Lending Partners6.500% 03/11/20290.1%
New Enterprise Stone & Lime Co Inc5.250% 07/15/20280.1%
NIO Inc3.875% 10/15/20290.1%
BANGL LLC8.810% 02/02/20290.1%
GLP Capital LP / GLP Financing II Inc5.250% 06/01/20250.1%
Two Harbors Investment Corp6.250% 01/15/20260.1%
PATAGONIA BIDCO LIMITED9.950% 10/30/20280.1%
KeyCorp5.000% 12/15/21730.1%
UBS Group AG5.125% 07/29/21730.1%
Gen Digital Inc6.750% 09/30/20270.1%
Longfor Group Holdings Ltd3.950% 09/16/20290.1%
Madison Park Funding XXXVII Ltd6.902% 04/15/20370.1%
HLF Financing Sarl LLC11.167% 04/12/20290.1%
Advantage Sales & Marketing Inc8.667% 10/28/20270.1%
Moss Creek Resources Holdings Inc8.250% 09/01/20310.1%
ON Semiconductor Corp3.875% 09/01/20280.1%
LHS Borrower LLC9.149% 02/20/20290.1%
Iron Mountain Inc4.875% 09/15/20270.1%
888 Acquisitions Ltd10.750% 05/15/20300.1%
ASPIRE BAKERIES HOLDINGS LLC8.550% 12/23/20300.1%
Blackstone Mortgage Trust Inc7.750% 12/01/20290.1%
Ocado Group PLC10.500% 08/08/20290.1%
Quikrete Holdings Inc6.552% 03/19/20290.1%
Iris Holding Inc10.000% 12/15/20280.1%
Yunda Holding Investment Ltd2.250% 08/19/20250.1%
CSC Holdings LLC4.625% 12/01/20300.1%
US Bancorp3.700% 01/15/21740.1%
Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp4.250% 02/01/20270.1%
OneDigital Borrower LLC9.559% 07/02/20320.1%
KOSMOS ENERGY LTD7.750% 05/01/20270.1%
Ally Financial Inc8.000% 11/01/20310.1%
MF1 2024-FL14 LLC6.036% 03/19/20390.1%
Calpine Corp4.500% 02/15/20280.1%
Carlyle US CLO 2024-1 Ltd6.302% 04/15/20370.1%
IAMGOLD Corp5.750% 10/15/20280.1%
LSF12 Badger Bidco LLC10.309% 07/10/20300.1%
Meituan0.000% 04/27/20280.1%
Kronos Acquisition Holdings Inc8.288% 07/08/20310.1%
TOSCA SERVICES LLC5.901% 11/30/20280.1%
South Field Energy LLC8.264% 08/29/20310.1%
888 ACQUISITIONS LIMITED9.589% 07/03/20280.1%
ACRES Commercial Realty 2021-FL1 Ltd6.016% 06/15/20360.1%
Cifc Funding 2023-III Ltd6.593% 01/20/20370.1%
Rocket Software Inc8.559% 11/28/20280.1%
ams-OSRAM AG2.125% 11/03/20270.1%
Encino Acquisition Partners Holdings LLC8.500% 05/01/20280.1%
Transocean Aquila Ltd8.000% 09/30/20280.1%
BCP V Modular Services Finance II PLC6.125% 11/30/20280.1%
Pinewood Finco PLC3.250% 09/30/20250.1%
ZF North America Capital Inc6.875% 04/14/20280.1%
Nationstar Mortgage Holdings Inc6.500% 08/01/20290.1%
Vistra Operations Co LLC5.500% 09/01/20260.1%
SLM Corp3.125% 11/02/20260.1%
NuStar Logistics LP5.625% 04/28/20270.1%
Shea Homes LP / Shea Homes Funding Corp4.750% 02/15/20280.1%
Market Bidco Finco PLC4.750% 11/04/20270.1%
Bloomin' Brands Inc / OSI Restaurant Partners LLC5.125% 04/15/20290.1%
Prime Security Services Borrower LLC / Prime Finance Inc6.250% 01/15/20280.1%
Bellis Acquisition Co PLC8.125% 05/14/20300.1%
Sirius XM Radio LLC5.000% 08/01/20270.1%
Graham Packaging Co Inc7.125% 08/15/20280.1%
Angolan Government International Bond8.000% 11/26/20290.1%
China Hongqiao Group Ltd7.750% 03/27/20250.1%
Raising Cane's Restaurants LLC9.375% 05/01/20290.1%
Virgin Media Vendor Financing Notes III DAC4.875% 07/15/20280.1%
Cushman & Wakefield US Borrower LLC6.750% 05/15/20280.1%
Societe Generale SA9.375% 05/22/21730.1%
Eskom Holdings SOC Ltd7.125% 02/11/20250.1%
SCIH Salt Holdings Inc4.875% 05/01/20280.1%
Virgin Media Bristol LLC7.757% 03/31/20310.1%
IMA Industria Macchine Automatiche SpA6.535% 04/15/20290.1%
1375209 BC Ltd9.000% 01/30/20280.1%
Travis Perkins PLC3.750% 02/17/20260.1%
Royal Caribbean Cruises Ltd5.500% 04/01/20280.1%
Minerals Technologies Inc5.000% 07/01/20280.1%
CPV Fairview LLC7.803% 08/14/20310.1%
EquipmentShare.com Inc8.625% 05/15/20320.1%
Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer6.750% 04/15/20280.1%
California Resources Corp7.125% 02/01/20260.1%
FX USD/GBP 03/250.000% 03/14/20250.1%
Virtusa Corp7.125% 12/15/20280.1%
Xerox Holdings Corp8.875% 11/30/20290.1%
Engineered Machinery Holdings Inc10.522% 05/21/20290.1%
Pitney Bowes Inc6.875% 03/15/20270.1%
Genesis Energy LP / Genesis Energy Finance Corp8.250% 01/15/20290.1%
Hilcorp Energy I LP / Hilcorp Finance Co5.750% 02/01/20290.1%
SM Energy Co6.500% 07/15/20280.1%
Scotts Miracle-Gro Co/The5.250% 12/15/20260.1%
Greenko Wind Projects Mauritius Ltd5.500% 04/06/20250.1%
Canpack SA / Canpack US LLC3.125% 11/01/20250.1%
Advancion Holdings LLC12.155% 11/24/20280.1%
Ocado Group PLC10.500% 08/08/20290.1%
Weekley Homes LLC / Weekley Finance Corp4.875% 09/15/20280.1%
Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp6.000% 03/01/20270.1%
Mitchell International Inc9.551% 06/17/20320.1%
EQM Midstream Partners LP7.500% 06/01/20270.1%
Polaris Newco LLC6.714% 06/05/20280.1%
Bombardier Inc6.000% 02/15/20280.1%
Kodiak BP LLC8.063% 12/04/20310.1%
American Airlines Inc/AAdvantage Loyalty IP Ltd5.750% 04/20/20290.1%
Voya CLO 2023-1 Ltd7.143% 01/20/20370.1%
Stillwater Mining Co4.500% 11/16/20290.1%
Carnival Corp6.000% 05/01/20290.1%
Angolan Government International Bond8.250% 05/09/20280.1%
Vistra Corp8.000% 04/15/21730.1%
DTI Holdco Inc9.061% 04/26/20290.1%
ION Trading Technologies Sarl5.750% 05/15/20280.1%
First Quantum Minerals Ltd6.875% 10/15/20270.1%
Herc Holdings Inc5.500% 07/15/20270.1%
STL Holding Co LLC8.750% 02/15/20290.1%
CCO Holdings LLC / CCO Holdings Capital Corp5.000% 02/01/20280.1%
Clear Channel Outdoor Holdings Inc5.125% 08/15/20270.1%
Enviri Corp5.750% 07/31/20270.1%
NCL Corp Ltd5.875% 03/15/20260.1%
Teva Pharmaceutical Finance Netherlands III BV6.750% 03/01/20280.1%
Sunoco LP / Sunoco Finance Corp7.000% 09/15/20280.1%
Borr IHC Ltd / Borr Finance LLC10.375% 11/15/20300.1%
Ellucian Holdings Inc9.050% 11/22/20320.1%
CITGO Petroleum Corp7.000% 06/15/20250.1%
CHS/Community Health Systems Inc8.000% 12/15/20270.1%
Mangrove Luxco III Sarl7.785% 07/15/20290.1%
World Acceptance Corp7.000% 11/01/20260.1%
Fitness International LLC9.539% 02/12/20290.1%
Jacobs Entertainment Inc6.750% 02/15/20290.1%
ams-OSRAM AG12.250% 03/30/20290.1%
Grinding Media Inc7.811% 10/12/20280.1%
Royal Caribbean Cruises Ltd5.375% 07/15/20270.1%
HCA Inc5.375% 02/01/20250.1%
Grupo Antolin-Irausa SA10.375% 01/30/20300.1%
CITGO Petroleum Corp6.375% 06/15/20260.1%
Ensono Inc8.430% 05/30/20280.1%
Dermatology Intermediate Holdings III Inc8.559% 04/02/20290.0%
FX USD/EUR 02/250.000% 02/20/20250.0%
Dana Financing Luxembourg Sarl3.000% 07/15/20290.0%
Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc2.875% 10/15/20260.0%
NCL Corp Ltd5.875% 02/15/20270.0%
American Airlines Inc/AAdvantage Loyalty IP Ltd5.500% 04/20/20260.0%
Coty Inc5.000% 04/15/20260.0%
GRAFTECH FINANCE INC10.302% 12/21/20290.0%
Brand Industrial Services Inc9.022% 08/01/20300.0%
CP Atlas Buyer Inc8.163% 11/23/20270.0%
Sunnova Energy Corp11.750% 10/01/20280.0%
Kosmos Energy Ltd7.125% 04/04/20260.0%
HCA Inc5.250% 04/15/20250.0%
ING Groep NV5.962% 09/11/20270.0%
Antero Resources Corp7.625% 02/01/20290.0%
Kosmos Energy Ltd7.500% 03/01/20280.0%
Flagstar Financial Inc7.573% 11/06/20280.0%
MGM China Holdings Ltd5.875% 05/15/20260.0%
Garda World Security Corp7.750% 02/15/20280.0%
Synthomer PLC7.375% 05/02/20290.0%
Sizzling Platter LLC / Sizzling Platter Finance Corp8.500% 11/28/20250.0%
Dana Inc5.625% 06/15/20280.0%
United Wholesale Mortgage LLC5.500% 04/15/20290.0%
WaterBridge NDB Operating LLC8.351% 05/10/20290.0%
ACProducts Holdings Inc6.375% 05/15/20290.0%
CD&R Firefly Bidco PLC8.625% 04/30/20290.0%
Macy's Retail Holdings LLC5.875% 04/01/20290.0%
OHA Loan Funding 2016-1 Ltd6.393% 07/20/20370.0%
HRNI Holdings LLC8.663% 12/11/20280.0%
PROJECT ALPHA INTERME HLDG INC9.313% 11/22/20320.0%
30-YR UMBS-TBA PROD FEB7.000% 05/01/20530.0%
Alexander Funding Trust II7.467% 07/31/20280.0%
CHS/Community Health Systems Inc6.875% 04/01/20280.0%
Kennedy Wilson Europe Real Estate Ltd3.250% 11/12/20250.0%
MH Sub I LLC10.771% 02/23/20290.0%
Navient Corp6.750% 06/25/20250.0%
Flutter Treasury DAC6.375% 04/29/20290.0%
Oceaneering International Inc6.000% 02/01/20280.0%
Kernel Holding SA6.750% 10/27/20270.0%
Nine Energy Service Inc13.000% 02/01/20280.0%
Oceaneering International Inc6.000% 02/01/20280.0%
Palmer Square CLO 2023-3 Ltd7.193% 01/20/20370.0%
Turning Point Brands Inc5.625% 02/15/20260.0%
Helios Software Holdings Inc / ION Corporate Solutions Finance Sarl4.625% 05/01/20280.0%
NCL Corp Ltd8.125% 01/15/20290.0%
Physician Partners LLC8.381% 12/22/20280.0%
AG TTMT Escrow Issuer LLC8.625% 09/30/20270.0%
Tank Holding Corp10.400% 03/31/20280.0%
Precision Drilling Corp6.875% 01/15/20290.0%
DISH DBS Corp7.750% 07/01/20260.0%
Bausch Health Cos Inc9.000% 12/15/20250.0%
Macquarie Airfinance Holdings Ltd8.125% 03/30/20290.0%
American Axle & Manufacturing Inc6.875% 07/01/20280.0%
Lumen Technologies Inc5.375% 06/15/20290.0%
Synthomer PLC7.375% 05/02/20290.0%
Dream Finders Homes Inc8.250% 08/15/20280.0%
XPO Inc6.250% 06/01/20280.0%
Grupo Antolin-Irausa SA10.375% 01/30/20300.0%
Summer BC Holdco B SARL5.750% 10/31/20260.0%
M/I Homes Inc4.950% 02/01/20280.0%
Tenet Healthcare Corp5.125% 11/01/20270.0%
GFL Environmental Inc5.125% 12/15/20260.0%
Starwood Property Trust Inc4.750% 03/15/20250.0%
HF Sinclair Corp6.375% 04/15/20270.0%
Advancion Holdings LLC8.405% 11/24/20270.0%
MH Sub I LLC8.559% 05/03/20280.0%
Credit Index Swap5.000% 12/20/20290.0%
TransDigm Inc6.750% 08/15/20280.0%
National Mentor Holdings Inc8.159% 03/02/20280.0%
AA Bond Co Ltd6.500% 01/31/20260.0%
Precision Drilling Corp7.125% 01/15/20260.0%
Warrior Met Coal Inc7.875% 12/01/20280.0%
Sinclair Television Group Inc6.939% 09/30/20260.0%
JW Aluminum Continuous Cast Co10.250% 06/01/20260.0%
Project Boost Purchaser LLC9.558% 07/16/20320.0%
Dynasty Acquisition Co Inc6.562% 10/31/20310.0%
Tidewater Inc10.375% 07/03/20280.0%
Delta Topco Inc9.749% 12/02/20300.0%
CPUK Finance Ltd4.500% 08/28/20270.0%
Alloy Finco Ltd0.005% 03/06/20280.0%
Pike Corp5.500% 09/01/20280.0%
AerCap Global Aviation Trust6.500% 06/15/20450.0%
ASG Finance Designated Activity Co9.750% 05/15/20290.0%
NuStar Logistics LP6.000% 06/01/20260.0%
Matador Resources Co6.875% 04/15/20280.0%
Azul Secured Finance LLP11.500% 08/28/20290.0%
Genesis Energy LP / Genesis Energy Finance Corp8.000% 01/15/20270.0%
PHYSICIAN PARTNERS LLC0.103% 12/31/20290.0%
Engineered Machinery Holdings Inc10.793% 05/21/20290.0%
US 10YR NOTE (CBT)Mar250.000% 03/31/20250.0%
TOSCA SERVICES LLC9.801% 11/30/20280.0%
Murphy Oil USA Inc5.625% 05/01/20270.0%
Revere Power LLC8.694% 03/30/20260.0%
EnerSys4.375% 12/15/20270.0%
MH Sub I LLC8.562% 12/31/20310.0%
Maison Finco PLC6.000% 10/31/20270.0%
Applied Systems Inc9.540% 02/23/20320.0%
VF Ukraine PAT via VFU Funding PLC6.200% 02/11/20250.0%
Wellpath Holdings Inc10.261% 10/01/20250.0%
Examworks Bidco Inc7.049% 11/01/20280.0%
Tank Holding Corp10.400% 03/31/20280.0%
NEP Group Inc11.417% 10/19/20260.0%
Welltec International ApS8.250% 10/15/20260.0%
Iceland Bondco PLC10.875% 12/15/20270.0%
Lightstone Holdco LLC10.241% 01/29/20270.0%
US 5YR NOTE (CBT) Mar250.000% 04/03/20250.0%
Dynasty Acquisition Co Inc6.562% 10/31/20310.0%
South Field Energy LLC8.264% 08/29/20310.0%
WELLPATH HOLDINGS INC0.055% 06/09/20250.0%
WELLPATH HOLDINGS INC0.115% 06/09/20250.0%
FX USD/CHF 02/250.000% 02/28/20250.0%
FX USD/GBP 03/250.000% 03/14/20250.0%
Credit Default Swap5.000% 12/20/20250.0%
FX USD/CHF 02/250.000% 02/28/20250.0%
FX USD/GBP 03/250.000% 03/14/20250.0%
FX USD/CHF 02/250.000% 02/28/20250.0%
FX USD/EUR 02/250.000% 02/20/20250.0%
FX USD/EUR 02/250.000% 02/20/20250.0%
FX USD/GBP 03/250.000% 03/14/20250.0%
GRAFTECH FINANCE INC10.302% 12/21/20290.0%
Rain CII Carbon LLC / CII Carbon Corp7.250% 04/01/20250.0%
National Mentor Holdings Inc8.160% 03/02/20280.0%
FX EUR/USD 02/250.000% 02/20/20250.0%
FX USD/GBP 03/250.000% 03/14/20250.0%
FX USD/GBP 03/250.000% 03/14/20250.0%
FX EUR/USD 02/250.000% 02/20/20250.0%
FX USD/GBP 03/250.000% 03/14/20250.0%
FX USD/GBP 03/250.000% 03/14/20250.0%
FX USD/EUR 02/250.000% 02/20/20250.0%
SPX FLOW Inc7.313% 04/05/20290.0%
FX GBP/USD 03/250.000% 03/14/20250.0%
ESC GCB HERTZ CORP6.250% 10/15/20220.0%
ESC GCB144A HERTZ CORP5.500% 10/15/20240.0%
Elwood Energy LLC8.159% 07/05/20260.0%
FX USD/EUR 02/250.000% 02/20/20250.0%
FX USD/GBP 03/250.000% 03/14/20250.0%
FX USD/GBP 03/250.000% 03/14/20250.0%
FX EUR/USD 02/250.000% 02/20/20250.0%
FX EUR/USD 02/250.000% 02/20/20250.0%
FX EUR/USD 02/250.000% 02/20/20250.0%
FX GBP/USD 03/250.000% 03/14/20250.0%
ASP Unifrax Holdings Inc0.025% 09/28/20290.0%
FX EUR/USD 02/250.000% 02/20/20250.0%
FX USD/EUR 02/250.000% 02/20/20250.0%
FX USD/GBP 03/250.000% 03/14/20250.0%

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

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

Dividend Payments

For
YTD Dividends Paidas of 03/24/2025
$0.12737
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
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 03/31/2025
Daily Daily 04/30/2025
Daily Daily 05/31/2025
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 03/24/2025

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $100,000 2.25% 2.00% $10.03
$100,000 to $249,999 1.75% 1.50% $9.97
$250,000 to $499,999 1.25% 1.00% $9.92
Greater than $500,000 0.00% 1.00% $9.80

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 Ratio

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
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.

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