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 05/26/2023

$9.48

$0.00

YTD Returns w/o sales charge as of 05/26/2023

2.70%

Overall Morningstar Ratings

High Yield Bond
as of 04/30/2023

Morningstar rated the Lord Abbett Short Duration High Yield Fund class A share 4 stars among 619 High Yield Bond Funds for the overall rating and the 3 year periods ended 4/30/2023, respectively.

Click here to view all legal text including risk information

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

Dividend Yield 1 as of 05/26/2023  

  Subsidized3 Un-Subsidized4
w/o sales charge 7.75% 6.80%
w/ sales charge 7.57% 6.64%

30-Day Standardized Yield 2 as of 04/30/2023  

  Subsidized3 Un-Subsidized4
w/o sales charge 7.14% 7.11%

Average Yield to Worst as of 04/28/2023

8.04%

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

Yield-To-Worst - The yield-to-worst (YTW) is the lowest potential yield that can be received on a bond without the issuer actually defaulting. YTW is calculated by making worst-case scenario assumptions on the issue by calculating the return that would be received if the issuer uses provisions, including prepayments, calls or sinking funds. Average YTW is based on the weighted average YTW of the securities held in the Fund’s portfolio.

Fund Basicsas of 04/28/2023

Total Net Assets
$686.03 M
Inception Date
05/01/2020
Dividend Frequency
Monthly
Fund Gross Expense Ratio
1.60%
Fund Net Expense Ratio
0.65%
Number of Holdings
654
Minimum Initial Investment
$1,500+

Fund Expense Ratio :

Gross 1.60%

Net 0.65%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/30/2020
w/o sales charge 3.53% 1.74% 5.46% - - 5.47%
Lipper Category Avg. Short High Yield Funds 3.34% 1.86% 4.76% - - -
ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD Index 3.85% 2.49% 5.41% - - 5.41%
w/ sales charge 1.19% -0.52% 4.66% - - 4.67%

Fund Expense Ratio :

Gross 1.60%

Net 0.65%

Fund Expense Ratio :

Gross 1.60%

Net 0.65%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/30/2020
w/o sales charge 2.66% -1.18% - - - 5.32%
Lipper Category Avg. Short High Yield Funds 2.55% -0.46% - - - -
ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD Index 3.02% -0.27% - - - 5.27%
w/ sales charge 0.34% -3.41% - - - 4.50%

Fund Expense Ratio :

Gross 1.60%

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.

RELATED CONTENT

A Powerful Trend That Could Support U.S. High Yield in 2022
December 6, 2021

We expect a surge in “rising stars”—upgrades of U.S. debt issues from high yield to investment grade—over the next two years.

INVESTMENT TEAM

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Co-Head of Taxable Fixed Income

22 Years of Industry Experience

Christopher Gizzo
Christopher Gizzo, CFA

Partner, Deputy Director of Leveraged Credit

15 Years of Industry Experience

Karen J. Gunnerson
Karen J. Gunnerson

Portfolio Manager

13 Years of Industry Experience

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

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

Performance

Performance

Dividend Yield 1 as of 05/26/2023  

  Subsidized3 Un-Subsidized4
w/o sales charge 7.75% 6.80%
w/ sales charge 7.57% 6.64%

30-Day Standardized Yield 2 as of 04/30/2023  

  Subsidized3 Un-Subsidized4
w/o sales charge 7.14% 7.11%

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

Fund Expense Ratio :

Gross 1.60%

Net 0.65%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/30/2020
w/o sales charge 3.53% 1.74% 5.46% - - 5.47%
Lipper Category Avg. Short High Yield Funds 3.34% 1.86% 4.76% - - -
ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD Index 3.85% 2.49% 5.41% - - 5.41%
w/ sales charge 1.19% -0.52% 4.66% - - 4.67%

Fund Expense Ratio :

Gross 1.60%

Net 0.65%

Fund Expense Ratio :

Gross 1.60%

Net 0.65%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/30/2020
w/o sales charge 2.66% -1.18% - - - 5.32%
Lipper Category Avg. Short High Yield Funds 2.55% -0.46% - - - -
ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD Index 3.02% -0.27% - - - 5.27%
w/ sales charge 0.34% -3.41% - - - 4.50%

Fund Expense Ratio :

Gross 1.60%

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
2022 -5.76% -5.39%
2021 5.53% 4.87%
2020 13.93% 3.85%
Year Q1 Q2 Q3 Q4 Yearly Returns
2023 2.66% - - - -
2022 -2.10% -7.68% 0.48% 3.77% -5.76%
2021 1.94% 2.01% 0.71% 0.76% 5.53%
2020 - - 4.02% 5.36% 13.93%

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

Growth of $10,000 as of 03/31/2023

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
CLO
ABS
CMBS
MBS
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 04/28/2023

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 DETAILS as of 04/28/2023

Total Net Assets
$686.03 M
Number of Issues
654
Average Coupon
6.68%
Average Maturity
3.99 Years
Average Effective Duration
2.53 Years
Average Yield to Worst
8.04%

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

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

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

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.

Yield-To-Worst - The yield-to-worst (YTW) is the lowest potential yield that can be received on a bond without the issuer actually defaulting. YTW is calculated by making worst-case scenario assumptions on the issue by calculating the return that would be received if the issuer uses provisions, including prepayments, calls or sinking funds. Average YTW is based on the weighted average YTW of the securities held in the Fund’s portfolio.

Holding Coupon Maturity Assets
Ford Motor Credit Co LLC 7.350% 11/04/2027 1.4%
Royal Caribbean Cruises Ltd 11.625% 08/15/2027 0.7%
American Airlines Inc 11.750% 07/15/2025 0.7%
Tenet Healthcare Corp 6.125% 10/01/2028 0.6%
Bombardier Inc 7.875% 04/15/2027 0.6%
TransDigm Inc 5.500% 11/15/2027 0.6%
SM Energy Co 6.625% 01/15/2027 0.5%
Berry Petroleum Co LLC 7.000% 02/15/2026 0.5%
CHS/Community Health Systems Inc 8.000% 12/15/2027 0.5%
Vital Energy Inc 10.125% 01/15/2028 0.5%
% of Total Assets 6.6%
Holding Coupon Maturity Assets
Ford Motor Credit Co LLC7.350% 11/04/20271.2%
United States Treasury Inflation Indexed Bonds0.625% 04/15/20231.1%
Bombardier Inc7.875% 04/15/20270.7%
American Airlines Inc11.750% 07/15/20250.7%
TransDigm Inc5.500% 11/15/20270.7%
Royal Caribbean Cruises Ltd11.625% 08/15/20270.6%
Service Properties Trust7.500% 09/15/20250.6%
DISH Network Corp11.750% 11/15/20270.6%
SM Energy Co6.625% 01/15/20270.5%
Caesars Entertainment Inc8.125% 07/01/20270.5%
Chord Energy Corp6.375% 06/01/20260.5%
Earthstone Energy Holdings LLC8.000% 04/15/20270.5%
Berry Petroleum Co LLC7.000% 02/15/20260.5%
Sierra Timeshare 2023-1 Receivables Funding LLC9.800% 01/20/20400.5%
PDC Energy Inc5.750% 05/15/20260.5%
Matador Resources Co5.875% 09/15/20260.5%
1011778 BC ULC / New Red Finance Inc5.750% 04/15/20250.5%
Magnolia Oil & Gas Operating LLC / Magnolia Oil & Gas Finance Corp6.000% 08/01/20260.5%
Allied Universal Holdco LLC / Allied Universal Finance Corp6.625% 07/15/20260.4%
United Airlines Inc8.568% 04/21/20280.4%
VistaJet Malta Finance PLC / XO Management Holding Inc7.875% 05/01/20270.4%
MGM Resorts International5.500% 04/15/20270.4%
Occidental Petroleum Corp8.500% 07/15/20270.4%
Civitas Resources Inc5.000% 10/15/20260.4%
Rolls-Royce PLC5.750% 10/15/20270.4%
Vital Energy Inc10.125% 01/15/20280.4%
Permian Resources Operating LLC7.750% 02/15/20260.4%
Navient Corp5.875% 10/25/20240.4%
CCO Holdings LLC / CCO Holdings Capital Corp5.125% 05/01/20270.4%
California Resources Corp7.125% 02/01/20260.4%
CITGO Petroleum Corp6.375% 06/15/20260.4%
Baytex Energy Corp8.750% 04/01/20270.4%
Gulfport Energy Corp8.000% 05/17/20260.4%
Intesa Sanpaolo SpA5.710% 01/15/20260.4%
ROCC Holdings LLC9.250% 08/15/20260.4%
LCPR Senior Secured Financing DAC6.750% 10/15/20270.4%
Tap Rock Resources LLC7.000% 10/01/20260.4%
Brinker International Inc5.000% 10/01/20240.4%
Adient Global Holdings Ltd7.000% 04/15/20280.4%
Avis Budget Car Rental LLC / Avis Budget Finance Inc5.750% 07/15/20270.4%
Rain CII Carbon LLC / CII Carbon Corp7.250% 04/01/20250.4%
WESCO Distribution Inc7.125% 06/15/20250.4%
Tenet Healthcare Corp5.125% 11/01/20270.4%
Ford Motor Credit Co LLC3.250% 09/15/20250.4%
Allegiant Travel Co7.250% 08/15/20270.4%
Prime Security Services Borrower LLC / Prime Finance Inc5.750% 04/15/20260.4%
TRI Pointe Group Inc / TRI Pointe Homes Inc5.875% 06/15/20240.4%
HCA Inc5.375% 02/01/20250.4%
PennyMac Financial Services Inc5.375% 10/15/20250.4%
TORONTO DOMINION BANK THE0.010% 04/03/20230.3%
CCO Holdings LLC / CCO Holdings Capital Corp5.500% 05/01/20260.3%
US Acute Care Solutions LLC6.375% 03/01/20260.3%
Ford Motor Credit Co LLC5.584% 03/18/20240.3%
Legacy LifePoint Health LLC6.750% 04/15/20250.3%
Akbank TAS6.797% 04/27/20280.3%
Altice France SA/France8.125% 02/01/20270.3%
Sabre GLBL Inc9.250% 04/15/20250.3%
BHMS 2018-ATLS5.934% 07/15/20350.3%
ATI Inc5.875% 12/01/20270.3%
Anchorage Capital CLO 4-R Ltd6.652% 01/28/20310.3%
Callon Petroleum Co8.000% 08/01/20280.3%
Global Aircraft Leasing Co Ltd6.500% 09/15/20240.3%
Calpine Corp5.125% 03/15/20280.3%
Herc Holdings Inc5.500% 07/15/20270.3%
Crescent Energy Finance LLC9.250% 02/15/20280.3%
American Axle & Manufacturing Inc6.500% 04/01/20270.3%
TK Elevator Midco GmbH4.375% 07/15/20270.3%
TransDigm Inc8.148% 02/22/20270.3%
Ball Corp6.875% 03/15/20280.3%
TransDigm Inc6.750% 08/15/20280.3%
Life Time Inc5.750% 01/15/20260.3%
Dufry One BV3.375% 04/15/20280.3%
Gray Television Inc7.000% 05/15/20270.3%
Dave & Buster's Inc7.625% 11/01/20250.3%
HAT Holdings I LLC / HAT Holdings II LLC6.000% 04/15/20250.3%
Crocs Inc8.407% 02/20/20290.3%
Madison Park Funding XXXI Ltd7.815% 01/23/20310.3%
Bath & Body Works Inc6.694% 01/15/20270.3%
Antero Midstream Partners LP / Antero Midstream Finance Corp5.750% 03/01/20270.3%
CCM Merger Inc6.375% 05/01/20260.3%
Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp5.250% 05/15/20270.3%
Royal Caribbean Cruises Ltd8.250% 01/15/20290.3%
AG TTMT Escrow Issuer LLC8.625% 09/30/20270.3%
Carlyle US CLO 2021-7 LTD7.930% 10/15/20350.3%
NOVA Chemicals Corp5.250% 06/01/20270.3%
Ascent Resources Utica Holdings LLC / ARU Finance Corp7.000% 11/01/20260.3%
Alta Equipment Group Inc5.625% 04/15/20260.3%
Maxar Technologies Inc7.750% 06/15/20270.3%
Dana Inc5.625% 06/15/20280.3%
Lindblad Expeditions LLC6.750% 02/15/20270.3%
Cleveland-Cliffs Inc5.875% 06/01/20270.3%
WASH Multifamily Acquisition Inc5.750% 04/15/20260.3%
American Airlines Inc/AAdvantage Loyalty IP Ltd5.500% 04/20/20260.3%
Rand Parent LLC8.500% 02/15/20300.3%
Holly Energy Partners LP / Holly Energy Finance Corp6.375% 04/15/20270.3%
Freeport-McMoRan Inc4.550% 11/14/20240.3%
Warnermedia Holdings Inc6.412% 03/15/20260.3%
IHO Verwaltungs GmbH4.750% 09/15/20260.3%
Nexstar Media Inc5.625% 07/15/20270.3%
Douglas GmbH6.000% 04/08/20260.3%
KLX Energy Services Holdings Inc11.500% 11/01/20250.3%
Hawaiian Brand Intellectual Property Ltd / HawaiianMiles Loyalty Ltd5.750% 01/20/20260.3%
Prosus NV4.850% 07/06/20270.3%
NESCO Holdings II Inc5.500% 04/15/20290.3%
FAGE International SA / FAGE USA Dairy Industry Inc5.625% 08/15/20260.3%
Gatwick Airport Finance PLC4.375% 04/07/20260.3%
Tenet Healthcare Corp6.125% 10/01/20280.3%
Mauser Packaging Solutions Holding Co7.875% 08/15/20260.3%
Alteryx Inc8.750% 03/15/20280.3%
Verscend Escrow Corp9.750% 08/15/20260.3%
Madison Park Funding XXV Ltd8.168% 04/25/20290.3%
Warrior Met Coal Inc7.875% 12/01/20280.2%
Fortress Transportation and Infrastructure Investors LLC5.500% 05/01/20280.2%
Select Medical Corp6.250% 08/15/20260.2%
Ford Motor Credit Co LLC3.815% 11/02/20270.2%
Travel + Leisure Co6.625% 07/31/20260.2%
Inter Media and Communication SpA6.750% 02/09/20270.2%
Gen Digital Inc6.907% 09/12/20290.2%
Griffon Corp5.750% 03/01/20280.2%
Freedom Mortgage Corp8.125% 11/15/20240.2%
CIFC Funding 2020-I Ltd7.930% 07/15/20360.2%
Air Canada3.875% 08/15/20260.2%
Global Partners LP / GLP Finance Corp7.000% 08/01/20270.2%
Vermilion Energy Inc5.625% 03/15/20250.2%
CPUK Finance Ltd4.500% 08/28/20270.2%
Viterra Finance BV2.000% 04/21/20260.2%
PetSmart LLC8.657% 02/11/20280.2%
Fortress Transportation and Infrastructure Investors LLC6.500% 10/01/20250.2%
Precision Drilling Corp7.125% 01/15/20260.2%
Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp6.000% 03/01/20270.2%
PBF Holding Co LLC / PBF Finance Corp6.000% 02/15/20280.2%
SPX FLOW INC.9.407% 04/05/20290.2%
Delek Logistics Partners LP / Delek Logistics Finance Corp7.125% 06/01/20280.2%
CHS/Community Health Systems Inc8.000% 12/15/20270.2%
ModivCare Inc5.875% 11/15/20250.2%
United States Steel Corp6.875% 03/01/20290.2%
Grinding Media Inc8.701% 10/12/20280.2%
Pinnacle Bidco PLC5.500% 02/15/20250.2%
First Quantum Minerals Ltd6.875% 03/01/20260.2%
Wix.com Ltd0.000% 07/01/20230.2%
Boxer Parent Co Inc7.125% 10/02/20250.2%
Owens-Brockway Glass Container Inc6.625% 05/13/20270.2%
UBS AG5.125% 05/15/20240.2%
City Football Group Ltd7.779% 07/21/20280.2%
Connect Finco SARL / Connect US Finco LLC6.750% 10/01/20260.2%
Garda World Security Corp7.750% 02/15/20280.2%
Shift4 Payments LLC / Shift4 Payments Finance Sub Inc4.625% 11/01/20260.2%
Performance Food Group Inc5.500% 10/15/20270.2%
Electricite de France SA5.625% 07/22/21710.2%
Univision Communications Inc6.625% 06/01/20270.2%
Callon Petroleum Co6.375% 07/01/20260.2%
Arrow Electronics Inc6.125% 03/01/20260.2%
H&E Equipment Services Inc3.875% 12/15/20280.2%
Wynn Macau Ltd5.500% 10/01/20270.2%
Sirius XM Radio Inc5.000% 08/01/20270.2%
Koppers Inc6.000% 02/15/20250.2%
Vistra Operations Co LLC5.125% 05/13/20250.2%
Legends Hospitality Holding Co LLC / Legends Hospitality Co-Issuer Inc5.000% 02/01/20260.2%
CSN Inova Ventures6.750% 01/28/20280.2%
Petco Health & Wellness Co Inc8.410% 03/03/20280.2%
Eskom Holdings SOC Ltd7.125% 02/11/20250.2%
TK Elevator US Newco Inc8.602% 07/30/20270.2%
Studio City Co Ltd7.000% 02/15/20270.2%
Tenet Healthcare Corp6.250% 02/01/20270.2%
JB Poindexter & Co Inc7.125% 04/15/20260.2%
Mohegan Tribal Gaming Authority8.000% 02/01/20260.2%
RealPage Inc7.840% 04/24/20280.2%
Baffinland Iron Mines Corp / Baffinland Iron Mines LP8.750% 07/15/20260.2%
Patrick Industries Inc7.500% 10/15/20270.2%
Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer6.750% 04/15/20280.2%
Quikrete Holdings Inc7.465% 02/01/20270.2%
W&T Offshore Inc11.750% 02/01/20260.2%
Caesars Entertainment Inc6.250% 07/01/20250.2%
Open Text Corp8.157% 01/31/20300.2%
Citgo Holding Inc9.250% 08/01/20240.2%
Churchill Downs Inc5.500% 04/01/20270.2%
Range Resources Corp4.875% 05/15/20250.2%
Aston Martin Capital Holdings Ltd10.500% 11/30/20250.2%
PDD Holdings Inc0.000% 12/01/20250.2%
Harsco Corp7.172% 03/10/20280.2%
System Energy Resources Inc6.000% 04/15/20280.2%
Array Technologies Inc8.172% 10/14/20270.2%
Sotheby's7.375% 10/15/20270.2%
Oceaneering International Inc6.000% 02/01/20280.2%
PRA Group Inc8.375% 02/01/20280.2%
Husky III Holding Ltd13.000% 02/15/20250.2%
United Airlines Inc4.375% 04/15/20260.2%
Comerica Bank2.500% 07/23/20240.2%
Jefferson Capital Holdings LLC6.000% 08/15/20260.2%
FirstCash Inc4.625% 09/01/20280.2%
Coronado Finance Pty Ltd10.750% 05/15/20260.2%
Jane Street Group LLC7.590% 01/26/20280.2%
Carrols Restaurant Group Inc0.000% 04/30/20260.2%
Murphy Oil Corp6.375% 07/15/20280.2%
Bread Financial Holdings Inc4.750% 12/15/20240.2%
Coty Inc7.089% 04/07/20250.2%
NextEra Energy Operating Partners LP4.500% 09/15/20270.2%
Vistra Operations Co LLC5.625% 02/15/20270.2%
Genting New York LLC / GENNY Capital Inc3.300% 02/15/20260.2%
EnQuest PLC11.625% 11/01/20270.2%
Century Communities Inc6.750% 06/01/20270.2%
PBF Holding Co LLC / PBF Finance Corp7.250% 06/15/20250.2%
Vistra Corp7.000% 06/15/21710.2%
Chobani LLC / Chobani Finance Corp Inc7.500% 04/15/20250.2%
BEP Ulterra Holdings Inc10.090% 11/26/20250.2%
CCO Holdings LLC / CCO Holdings Capital Corp6.375% 09/01/20290.2%
Taseko Mines Ltd7.000% 02/15/20260.2%
Avolon Holdings Funding Ltd5.500% 01/15/20260.2%
Kernel Holding SA6.500% 10/17/20240.2%
Cengage Learning Inc9.500% 06/15/20240.2%
Twilio Inc3.625% 03/15/20290.2%
Popular Inc7.250% 03/13/20280.2%
Aviation Capital Group LLC6.250% 04/15/20280.2%
M/I Homes Inc4.950% 02/01/20280.2%
Chobani LLC / Chobani Finance Corp Inc4.625% 11/15/20280.2%
Forestar Group Inc3.850% 05/15/20260.2%
Mineral Resources Ltd8.000% 11/01/20270.2%
Jacobs Entertainment Inc6.750% 02/15/20290.2%
AAdvantage Loyalty IP Ltd9.558% 04/20/20280.2%
Southwestern Energy Co8.375% 09/15/20280.2%
XPO Escrow Sub LLC7.500% 11/15/20270.2%
Alliance Resource Operating Partners LP / Alliance Resource Finance Corp7.500% 05/01/20250.2%
ATS Corp4.125% 12/15/20280.2%
OneMain Finance Corp8.250% 10/01/20230.2%
Nine Energy Service Inc13.000% 02/01/20280.2%
Bombardier Inc7.500% 02/01/20290.2%
PeopleCert Wisdom Issuer PLC5.750% 09/15/20260.2%
Aramark Services Inc6.375% 05/01/20250.2%
Uniti Group LP / Uniti Group Finance Inc / CSL Capital LLC10.500% 02/15/20280.2%
Amsted Industries Inc5.625% 07/01/20270.2%
Chesapeake Energy Corp5.500% 02/01/20260.2%
CommScope Inc6.000% 03/01/20260.2%
Trivium Packaging Finance BV6.404% 08/15/20260.2%
Ardagh Packaging Finance PLC / Ardagh Holdings USA Inc4.125% 08/15/20260.2%
Jazz Financing Lux Sarl8.340% 04/21/20280.2%
Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp5.500% 03/01/20250.2%
Entegris Inc4.375% 04/15/20280.2%
LABL Inc6.750% 07/15/20260.2%
Titan International Inc7.000% 04/30/20280.2%
Stonegate Pub Co Financing 2019 PLC8.250% 07/31/20250.2%
Petroleos Mexicanos6.490% 01/23/20270.2%
Murphy Oil USA Inc5.625% 05/01/20270.2%
Empire Resorts Inc7.750% 11/01/20260.2%
Six Flags Theme Parks Inc6.600% 04/17/20260.2%
Madison IAQ LLC8.302% 06/21/20280.2%
Kaiser Aluminum Corp4.625% 03/01/20280.2%
Turkiye Petrol Rafinerileri AS4.500% 10/18/20240.2%
LSF11 A5 HOLDCO LLC9.157% 10/15/20280.2%
Eco Material Technologies Inc7.875% 01/31/20270.2%
Clarios Global LP8.109% 04/30/20260.2%
Full House Resorts Inc8.250% 02/15/20280.2%
Adaro Indonesia PT4.250% 10/31/20240.2%
Oryx Midstream Services Permian Basin LLC8.063% 10/05/20280.2%
SEG Holding LLC / SEG Finance Corp5.625% 10/15/20280.2%
Aethon United BR LP / Aethon United Finance Corp8.250% 02/15/20260.2%
Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC4.625% 01/15/20270.2%
Energizer Holdings Inc4.750% 06/15/20280.2%
THL Credit Wind River 2019-3 Clo Ltd7.030% 04/15/20310.2%
Manitowoc Co Inc/The9.000% 04/01/20260.2%
DISH DBS Corp7.750% 07/01/20260.2%
Williams Scotsman International Inc4.625% 08/15/20280.2%
Frontier Communications Holdings LLC8.625% 05/01/20280.2%
Transocean Inc11.500% 01/30/20270.2%
OneMain Finance Corp6.125% 03/15/20240.2%
Madison Park Funding XLV Ltd7.980% 07/15/20340.2%
Harsco Corp5.750% 07/31/20270.2%
Adani Ports & Special Economic Zone Ltd3.375% 07/24/20240.2%
Kobe US Midco 2 Inc9.250% 11/01/20260.2%
Comstock Resources Inc6.750% 03/01/20290.2%
Allied Universal Holdco LLC / Allied Universal Finance Corp9.750% 07/15/20270.2%
United Airlines Inc4.625% 04/15/20290.2%
TerraForm Power Operating LLC5.000% 01/31/20280.2%
Smyrna Ready Mix Concrete LLC6.000% 11/01/20280.2%
ENN Clean Energy International Investment Ltd3.375% 05/12/20260.2%
Tri Pointe Homes Inc5.250% 06/01/20270.2%
PAR PETROLEUM LLC9.241% 02/28/20300.2%
Ziggo Bond Co BV6.000% 01/15/20270.2%
CQP Holdco LP8.659% 06/05/20280.2%
Standard Industries Inc/NJ5.000% 02/15/20270.2%
Kosmos Energy Ltd7.125% 04/04/20260.2%
Evergreen Acqco 1 LP / TVI Inc9.750% 04/26/20280.2%
Crescent Energy Finance LLC7.250% 05/01/20260.2%
SEB Funding LLC4.969% 01/30/20520.2%
Enerflex Ltd9.000% 10/15/20270.2%
Sealed Air Corp/Sealed Air Corp US6.125% 02/01/20280.2%
Chart Industries Inc8.593% 12/07/20290.2%
Spirit AeroSystems Inc7.500% 04/15/20250.2%
MGM China Holdings Ltd5.875% 05/15/20260.2%
SierraCol Energy Andina LLC6.000% 06/15/20280.2%
BRAZOS DELAWARE II LLC8.484% 02/11/20300.2%
NCL Corp Ltd5.875% 02/15/20270.2%
SCIL IV LLC / SCIL USA Holdings LLC5.375% 11/01/20260.1%
Nordstrom Inc4.000% 03/15/20270.1%
Alloy Finco Ltd0.500% 03/06/20250.1%
DPL Inc4.350% 04/15/20290.1%
ArcelorMittal SA6.550% 11/29/20270.1%
Grifols Escrow Issuer SA4.750% 10/15/20280.1%
FMG Resources August 2006 Pty Ltd4.500% 09/15/20270.1%
Newell Brands Inc6.375% 09/15/20270.1%
Palo Alto Networks Inc0.375% 06/01/20250.1%
Coeur Mining Inc5.125% 02/15/20290.1%
TruGreen LP8.840% 11/02/20270.1%
Leeward Renewable Energy Operations LLC4.250% 07/01/20290.1%
IRB Holding Corp7.737% 12/15/20270.1%
HubSpot Inc0.375% 06/01/20250.1%
Spirit AeroSystems Inc9.176% 01/15/20270.1%
Molina Healthcare Inc4.375% 06/15/20280.1%
Hadrian Merger Sub Inc8.500% 05/01/20260.1%
Delta Air Lines Inc4.375% 04/19/20280.1%
Hudbay Minerals Inc4.500% 04/01/20260.1%
Buckeye Partners LP3.950% 12/01/20260.1%
Triumph Group Inc9.000% 03/15/20280.1%
Sabre GLBL Inc9.907% 06/30/20280.1%
Marriott Ownership Resorts Inc4.750% 01/15/20280.1%
MGM Resorts International6.750% 05/01/20250.1%
Welltec International ApS8.250% 10/15/20260.1%
Hilcorp Energy I LP / Hilcorp Finance Co6.250% 11/01/20280.1%
Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp4.250% 02/01/20270.1%
Altice France SA/France2.500% 01/15/20250.1%
Cinemark USA Inc5.875% 03/15/20260.1%
Zekelman Industries Inc7.018% 01/24/20270.1%
JELD-WEN Inc6.250% 05/15/20250.1%
Armor Holdco Inc8.500% 11/15/20290.1%
JSW Steel Ltd5.950% 04/18/20240.1%
Teva Pharmaceutical Finance Netherlands III BV3.150% 10/01/20260.1%
HUB International Ltd7.000% 05/01/20260.1%
BCP V Modular Services Finance II PLC6.125% 11/30/20280.1%
NOVA Chemicals Corp4.875% 06/01/20240.1%
Endeavor Energy Resources LP / EER Finance Inc5.750% 01/30/20280.1%
JELD-WEN Inc4.875% 12/15/20270.1%
Navient Corp6.750% 06/15/20260.1%
Calpine Corp5.250% 06/01/20260.1%
ASP Unifrax Holdings Inc5.250% 09/30/20280.1%
Cinemark USA Inc0.000% 03/31/20250.1%
NBM US Holdings Inc7.000% 05/14/20260.1%
Calumet Specialty Products Partners LP / Calumet Finance Corp8.125% 01/15/20270.1%
Transocean Inc7.250% 11/01/20250.1%
MKS Instruments Inc7.609% 08/17/20290.1%
Promontoria Holding 264 BV7.875% 03/01/20270.1%
Rolls-Royce PLC3.625% 10/14/20250.1%
USIC Holdings Inc8.340% 05/12/20280.1%
INEOS Finance PLC6.750% 05/15/20280.1%
Select Medical Corp7.350% 03/06/20250.1%
MGM China Holdings Ltd5.250% 06/18/20250.1%
Post Holdings Inc5.625% 01/15/20280.1%
Advanced Drainage Systems Inc5.000% 09/30/20270.1%
Esdec Solar Group BV9.909% 08/30/20280.1%
Yamana Gold Inc4.625% 12/15/20270.1%
Hecla Mining Co7.250% 02/15/20280.1%
Heartland Dental LLC8.840% 04/30/20250.1%
Ensign Drilling Inc9.250% 04/15/20240.1%
Country Garden Holdings Co Ltd8.000% 01/27/20240.1%
Science Applications International Corp4.875% 04/01/20280.1%
Griffon Corp7.548% 01/24/20290.1%
Allison Transmission Inc4.750% 10/01/20270.1%
AssuredPartners Inc7.000% 08/15/20250.1%
NCL Corp Ltd8.375% 02/01/20280.1%
Cullinan Holdco Scsp4.625% 10/15/20260.1%
Macy's Retail Holdings LLC5.875% 04/01/20290.1%
Northriver Midstream Finance LP8.004% 10/01/20250.1%
Nabors Industries Ltd7.500% 01/15/20280.1%
Astoria Energy LLC8.090% 12/10/20270.1%
Spirit AeroSystems Inc9.375% 11/30/20290.1%
Helix Gen Funding LLC8.590% 06/03/20240.1%
Buckeye Partners LP4.125% 12/01/20270.1%
Huarong Finance II Co Ltd5.000% 11/19/20250.1%
Sprint Capital Corp6.875% 11/15/20280.1%
AI Candelaria Spain SA7.500% 12/15/20280.1%
Amynta Agency Borrower Inc9.991% 02/28/20280.1%
MEG Energy Corp5.875% 02/01/20290.1%
Asbury Automotive Group Inc4.500% 03/01/20280.1%
Coty Inc6.500% 04/15/20260.1%
Gen Digital Inc6.750% 09/30/20270.1%
Imperial Brands Finance PLC6.125% 07/27/20270.1%
MOTION FINCO SARL8.409% 11/12/20260.1%
Station Casinos LLC7.100% 02/08/20270.1%
Range Resources Corp8.250% 01/15/20290.1%
Service Properties Trust4.650% 03/15/20240.1%
Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc2.875% 10/15/20260.1%
Advisor Group Holdings Inc10.750% 08/01/20270.1%
New Enterprise Stone & Lime Co Inc9.750% 07/15/20280.1%
Directv Financing LLC / Directv Financing Co-Obligor Inc5.875% 08/15/20270.1%
SS&C Technologies Inc5.500% 09/30/20270.1%
Vedanta Resources Ltd6.125% 08/09/20240.1%
Longfor Group Holdings Ltd3.375% 04/13/20270.1%
Trinseo Materials Operating SCA / Trinseo Materials Finance Inc5.375% 09/01/20250.1%
Virgin Media Bristol LLC7.184% 01/31/20280.1%
Jones Deslauriers Insurance Management Inc8.500% 03/15/20300.1%
GTCR AP Finance Inc8.000% 05/15/20270.1%
BCPE Empire Holdings Inc7.625% 05/01/20270.1%
Viper Energy Partners LP5.375% 11/01/20270.1%
Jazz Acquisition Inc8.907% 06/19/20260.1%
Enviva Partners LP / Enviva Partners Finance Corp6.500% 01/15/20260.1%
Williams Scotsman International Inc6.125% 06/15/20250.1%
EQM Midstream Partners LP6.000% 07/01/20250.1%
Polar US Borrower LLC0.000% 10/15/20250.1%
Ardagh Packaging Finance PLC / Ardagh Holdings USA Inc5.250% 04/30/20250.1%
Summit Materials LLC8.492% 12/14/20270.1%
ILFC E-Capital Trust II6.798% 12/21/20650.1%
Cheesecake Factory Inc/The0.375% 06/15/20260.1%
Pactiv Evergreen Group Issuer Inc/Pactiv Evergreen Group Issuer LLC4.000% 10/15/20270.1%
Ashton Woods USA LLC / Ashton Woods Finance Co6.625% 01/15/20280.1%
Ford Motor Credit Co LLC3.370% 11/17/20230.1%
Organon & Co7.750% 06/02/20280.1%
Virgin Media Secured Finance PLC5.000% 04/15/20270.1%
Northwest Fiber LLC / Northwest Fiber Finance Sub Inc4.750% 04/30/20270.1%
Northwest Fiber LLC / Northwest Fiber Finance Sub Inc10.750% 06/01/20280.1%
Sabre GLBL Inc11.250% 12/15/20270.1%
Booking Holdings Inc0.750% 05/01/20250.1%
Nexstar Media Inc4.750% 11/01/20280.1%
Constellation Renewables LLC7.460% 12/15/20270.1%
TOPGOLF CALLAWAY BRANDS CORP8.260% 03/08/20300.1%
Univision Communications Inc5.125% 02/15/20250.1%
West China Cement Ltd4.950% 07/08/20260.1%
Limak Iskenderun Uluslararasi Liman Isletmeciligi AS9.500% 07/10/20360.1%
CNX Resources Corp7.250% 03/14/20270.1%
IHO Verwaltungs GmbH0.000% 05/15/20280.1%
EnerSys4.375% 12/15/20270.1%
LABL Inc9.500% 11/01/20280.1%
Penn Entertainment Inc5.625% 01/15/20270.1%
Red Planet Borrower LLC8.590% 10/02/20280.1%
Apellis Pharmaceuticals Inc0.000% 09/15/20260.1%
Mersin Uluslararasi Liman Isletmeciligi AS5.375% 11/15/20240.1%
Urban One Inc7.375% 02/01/20280.1%
Organon & Co / Organon Foreign Debt Co-Issuer BV4.125% 04/30/20280.1%
Open Text Corp6.900% 12/01/20270.1%
Empresa Generadora de Electricidad Haina SA5.625% 11/08/20280.1%
GDS Holdings Ltd2.000% 06/01/20250.1%
Stena International SA7.250% 02/15/20280.1%
UBS Group AG5.125% 07/29/21710.1%
Life Time Inc0.000% 12/16/20240.1%
SeaWorld Parks & Entertainment Inc5.250% 08/15/20290.1%
APi Group DE Inc7.609% 01/03/20290.1%
EnLink Midstream LLC5.625% 01/15/20280.1%
Lamb Weston Holdings Inc4.875% 05/15/20280.1%
Iron Mountain Inc4.875% 09/15/20270.1%
Midwest Gaming Borrower LLC / Midwest Gaming Finance Corp4.875% 05/01/20290.1%
Royal Caribbean Cruises Ltd4.250% 07/01/20260.1%
Fluor Corp4.250% 09/15/20280.1%
Meritage Homes Corp5.125% 06/06/20270.1%
US Foods Inc6.250% 04/15/20250.1%
Service Properties Trust4.750% 10/01/20260.1%
indie Semiconductor Inc4.500% 11/15/20270.1%
Taylor Morrison Communities Inc5.875% 06/15/20270.1%
Arko Corp5.125% 11/15/20290.1%
TransAlta Corp7.750% 11/15/20290.1%
Ahlstrom-Munksjo Holding 3 Oy4.875% 02/04/20280.1%
Uber Technologies Inc7.656% 02/28/20300.1%
H World Group Ltd3.000% 05/01/20260.1%
Graphic Packaging International LLC4.750% 07/15/20270.1%
FORMULA ONE HOLDINGS LIMITED8.057% 01/15/20300.1%
Cengage Learning Inc9.880% 07/14/20260.1%
AMN Healthcare Inc4.625% 10/01/20270.1%
SunCoke Energy Inc4.875% 06/30/20290.1%
Ingevity Corp3.875% 11/01/20280.1%
Scientific Games International Inc7.960% 04/14/20290.1%
Acadia Healthcare Co Inc5.500% 07/01/20280.1%
William Carter Co/The5.625% 03/15/20270.1%
Patterson-UTI Energy Inc3.950% 02/01/20280.1%
Brink's Co/The4.625% 10/15/20270.1%
LSB Industries Inc6.250% 10/15/20280.1%
Axalta Coating Systems US Holdings Inc7.898% 12/20/20290.1%
CVR Partners LP / CVR Nitrogen Finance Corp6.125% 06/15/20280.1%
SCIH Salt Holdings Inc4.875% 05/01/20280.1%
AA Bond Co Ltd4.875% 07/31/20430.1%
Pactiv Evergreen Group Holdings Inc8.090% 09/24/20280.1%
Northriver Midstream Finance LP5.625% 02/15/20260.1%
PLT VII Finance Sarl4.625% 01/05/20260.1%
Compass Power Generation LLC9.057% 04/14/20290.1%
Liberty Media Corp-Liberty Formula One2.250% 08/15/20270.1%
AerCap Global Aviation Trust6.500% 06/15/20450.1%
Prime Security Services Borrower LLC7.517% 09/23/20260.1%
INEOS Quattro Finance 2 Plc2.500% 01/15/20260.1%
STARFRUIT FINCO B V0.000% 03/02/20280.1%
SPECTACLE GARY HOLDINGS LLC9.081% 12/10/20280.1%
AA Bond Co Ltd6.500% 01/31/20260.1%
Option Care Health Inc7.590% 10/27/20280.1%
CSI Compressco LP / CSI Compressco Finance Inc7.500% 04/01/20250.1%
MHP SE7.750% 05/10/20240.1%
Marks & Spencer PLC4.500% 07/10/20270.1%
UPC Holding BV5.500% 01/15/20280.1%
Weekley Homes LLC / Weekley Finance Corp4.875% 09/15/20280.1%
Bristow Group Inc6.875% 03/01/20280.1%
Triumph Group Inc7.750% 08/15/20250.1%
Presidio Holdings Inc8.250% 02/01/20280.1%
Vector Group Ltd10.500% 11/01/20260.1%
GPS Hospitality Holding Co LLC / GPS Finco Inc7.000% 08/15/20280.1%
Nabors Industries Inc7.375% 05/15/20270.1%
Precision Drilling Corp6.875% 01/15/20290.1%
Agile Group Holdings Ltd5.750% 01/02/20250.1%
Adani Ports & Special Economic Zone Ltd4.000% 07/30/20270.1%
Tank Holding Corp10.657% 03/31/20280.1%
Service Logic Acquisition Inc4.750% 10/29/20270.1%
Morgan Stanley8.026% 03/15/21720.1%
SS&C Technologies Inc7.157% 03/22/20290.1%
Pike Corp5.500% 09/01/20280.1%
Nascar Holdings LLC7.340% 10/19/20260.1%
CASTLELAKE AVIATION LIMITED7.783% 10/22/20270.1%
Navient Corp4.875% 03/15/20280.1%
Aramark Services Inc6.590% 03/11/20250.1%
Atlantica Sustainable Infrastructure PLC4.125% 06/15/20280.1%
Dufry One BV3.625% 04/15/20260.1%
McGraw-Hill Education Inc5.750% 08/01/20280.1%
Carnival Holdings Bermuda Ltd10.375% 05/01/20280.1%
Watco Cos LLC / Watco Finance Corp6.500% 06/15/20270.1%
Jaguar Land Rover Automotive PLC4.500% 01/15/20260.1%
Country Garden Holdings Co Ltd7.250% 04/08/20260.1%
Stena International SA7.250% 02/15/20280.1%
Vertex Aerospace Services Corp8.340% 12/06/20280.1%
Imola Merger Corp4.750% 05/15/20290.1%
Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer4.250% 10/15/20270.1%
White Cap Parent LLC8.250% 03/15/20260.1%
Encino Acquisition Partners Holdings LLC8.500% 05/01/20280.1%
Lithia Motors Inc4.625% 12/15/20270.1%
USA Compression Partners LP / USA Compression Finance Corp6.875% 04/01/20260.1%
Ford Motor Co6.625% 10/01/20280.1%
Rockcliff Energy II LLC5.500% 10/15/20290.1%
CHS/Community Health Systems Inc6.875% 04/15/20290.1%
Mercer International Inc5.500% 01/15/20260.1%
Coty Inc5.000% 04/15/20260.1%
AECOM5.125% 03/15/20270.1%
PARKWAY GENERATION LLC9.902% 02/18/20290.1%
Prime Security Services Borrower LLC / Prime Finance Inc3.375% 08/31/20270.1%
Wanda Properties Global Co Ltd11.000% 01/20/20250.1%
Exact Sciences Corp1.000% 01/15/20250.1%
Stena International SA6.125% 02/01/20250.1%
Ritchie Bros Holdings Inc6.750% 03/15/20280.1%
Eagle Bulk Shipping Inc5.000% 08/01/20240.1%
HAT Holdings I LLC / HAT Holdings II LLC3.375% 06/15/20260.1%
Virgin Media Vendor Financing Notes III DAC4.875% 07/15/20280.1%
New Gold Inc7.500% 07/15/20270.1%
Global Atlantic Fin Co4.700% 10/15/20510.1%
Resorts World Las Vegas LLC / RWLV Capital Inc4.625% 04/16/20290.1%
Guess? Inc2.000% 04/15/20240.1%
EQM Midstream Partners LP7.500% 06/01/20270.1%
Service Properties Trust5.250% 02/15/20260.1%
Teva Pharmaceutical Finance Netherlands II BV4.500% 03/01/20250.1%
American Airlines Inc7.250% 02/15/20280.1%
American Airlines Group Inc3.750% 03/01/20250.1%
MGM Resorts International4.750% 10/15/20280.1%
Navient Corp5.500% 03/15/20290.1%
Lendmark Funding Trust 2022-15.620% 07/20/20320.1%
Southwestern Energy Co5.375% 02/01/20290.1%
Permian Resources Operating LLC5.875% 07/01/20290.1%
SS&C Technologies Inc7.157% 03/22/20290.1%
NCL Corp Ltd5.875% 03/15/20260.0%
Compass Minerals International Inc4.875% 07/15/20240.0%
Frontier Communications Holdings LLC5.000% 05/01/20280.0%
Sabre GLBL Inc7.375% 09/01/20250.0%
Oceaneering International Inc4.650% 11/15/20240.0%
Bombardier Inc6.000% 02/15/20280.0%
Cullinan Holdco Scsp4.625% 10/15/20260.0%
LSF11 A5 HoldCo LLC8.422% 10/15/20280.0%
Compass Minerals International Inc6.750% 12/01/20270.0%
Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC6.000% 06/15/20270.0%
HUB International Ltd8.692% 11/10/20290.0%
ECL Entertainment LLC12.422% 05/01/20280.0%
IHO Verwaltungs GmbH0.000% 05/15/20280.0%
Delta Air Lines Inc7.000% 05/01/20250.0%
Vital Energy Inc9.500% 01/15/20250.0%
Vistra Operations Co LLC5.500% 09/01/20260.0%
Juventus Football Club SpA3.375% 02/19/20240.0%
Citigroup Inc3.875% 05/18/21710.0%
Guardant Health Inc0.000% 11/15/20270.0%
USA Compression Partners LP / USA Compression Finance Corp6.875% 09/01/20270.0%
Permian Resources Operating LLC5.375% 01/15/20260.0%
Starwood Property Trust Inc4.375% 04/01/20230.0%
YPF Energia Electrica SA10.000% 07/25/20260.0%
CONSOL Energy Inc11.000% 11/15/20250.0%
SM Energy Co6.750% 09/15/20260.0%
Kestrel Acquisition LLC9.100% 06/02/20250.0%
MOTION FINCO SARL0.084% 11/12/20260.0%
CPV Shore Holdings LLC8.600% 12/29/20250.0%
TALEN ENERGY SUPPLY LLC6.500% 06/01/20250.0%
EFS Cogen Holdings I LLC8.660% 10/01/20270.0%
US 5YR NOTE (CBT) Jun230.000% 07/06/20230.0%
Credit Index Swap5.000% 06/20/20280.0%
Hawaiian Airlines 2013-1 Class A Pass Through Certificates3.900% 07/15/20270.0%
Buckeye Partners LP8.835% 01/22/20780.0%
Talen Energy Supply LLC6.500% 06/01/20250.0%
Weatherford International Ltd11.000% 12/01/20240.0%
PARKWAY GENERATION LLC9.902% 02/18/20290.0%
CPI Swap0.010% 01/30/20250.0%
NEP Group Inc11.840% 10/19/20260.0%
Sabre GLBL Inc8.340% 12/17/20270.0%
VUE INTERNATIONAL BIDCO P L C4.346% 12/31/20270.0%
Sabre GLBL Inc8.340% 12/17/20270.0%
USIC Holdings Inc11.340% 05/14/20290.0%
Engineered Components & Systems LLC10.709% 08/02/20280.0%
Bulldog Purchaser Inc8.657% 09/05/20250.0%
Nathan's Famous Inc6.625% 11/01/20250.0%
AthenaHealth Group Inc8.259% 02/15/20290.0%
Carriage Purchaser Inc7.875% 10/15/20290.0%
Scotts Miracle-Gro Co/The5.250% 12/15/20260.0%
Elwood Energy LLC8.159% 07/05/20260.0%
Icebox Holdco III Inc8.659% 12/22/20280.0%
VUE INTERNATIONAL BIDCO P L C11.086% 06/30/20270.0%
FX USD/EUR 06/230.000% 06/13/20230.0%
FX EUR/USD 06/230.000% 06/13/20230.0%
FX USD/CHF 05/230.000% 05/23/20230.0%
ACProducts Holdings Inc9.393% 05/17/20280.0%
ESC GCB144A HERTZ CORP5.500% 10/15/20240.0%
AthenaHealth Group Inc0.035% 02/15/20290.0%
ESC GCB HERTZ CORP6.250% 10/15/20220.0%
FX EUR/USD 06/230.000% 06/13/20230.0%
FX USD/EUR 06/230.000% 06/13/20230.0%
FX USD/EUR 06/230.000% 06/13/20230.0%
FX USD/EUR 06/230.000% 06/13/20230.0%
FX USD/GBP 06/230.000% 06/08/20230.0%
FX USD/EUR 06/230.000% 06/13/20230.0%
FX USD/EUR 06/230.000% 06/13/20230.0%
FX USD/EUR 06/230.000% 06/13/20230.0%
FX USD/EUR 06/230.000% 06/13/20230.0%
FX USD/EUR 06/230.000% 06/13/20230.0%
FX USD/EUR 06/230.000% 06/13/20230.0%
FX USD/EUR 06/230.000% 06/13/20230.0%
FX USD/GBP 06/230.000% 06/08/20230.0%
FX USD/GBP 06/230.000% 06/08/20230.0%
FX USD/EUR 06/230.000% 06/13/20230.0%

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

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

Dividend Payments

For
YTD Dividends Paidas of 05/26/2023
$0.24416
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 04/30/2023 $0.06120 $9.61
Daily Daily 03/31/2023 $0.06193 $9.59
Daily Daily 02/28/2023 $0.06145 $9.59
Daily Daily 01/31/2023 $0.05958 $9.74

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 05/31/2023
Daily Daily 06/30/2023
Daily Daily 07/31/2023
Daily Daily 08/31/2023
Daily Daily 09/30/2023
Daily Daily 10/31/2023
Daily Daily 11/30/2023
Daily Daily 12/31/2023

Capital Gains Distributions

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

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 05/26/2023

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $100,000 2.25% 2.00% $9.70
$100,000 to $249,999 1.75% 1.50% $9.65
$250,000 to $499,999 1.25% 1.00% $9.60
$500,000 to $999,999 0.00% 1.00% $9.48
$1,000,000 to $5,000,000 0.00% 1.00% $9.48

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 04/30/2023

Fund Gross Expense Ratio Fund Net Expense Ratio
1.60% 0.65%

Expense ratio details, Click here.

Fund Documents

Fund Documents

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

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

Barron's Fund Family Rankings are awarded annually.

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

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

+

Minimum initial investment varies depending on the class of shares you buy and the type of account. IRAs, SIMPLEs, and SEP accounts with payroll deductions have no minimums. Please see Fund prospectuses for additional information.      

                    

 

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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