Short Duration High Yield Fund
Daily price w/o sales charge as of 01/27/2021
$10.92
$0.04
YTD Returns w/o sales charge as of 01/27/2021
0.65%
Summary
Summary
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 01/27/2021
Subsidized3 | Un-Subsidized4 | |
---|---|---|
w/o sales charge | 5.49% | 2.25% |
w/ sales charge | 5.36% | 2.20% |
30-Day Standardized Yield 2 as of 12/31/2020
Subsidized3 | Un-Subsidized4 | |
---|---|---|
w/o sales charge | 3.13% | 1.49% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Expense Ratioas of 12/31/2020
Expense ratio details, Click here.
The net expense ratio takes into account contractual fee waivers/expense reimbursements that currently are scheduled to remain in place through 11/30/2021. For periods when fees and expenses were waived and/or reimbursed, the Fund benefited by not bearing such expenses. Without such fee waivers/reimbursements, performance would have been lower.
Fund Basicsas of 12/31/2020
- Total Net Assets
- $9.73 M
- Inception Date
- 05/01/2020
- Dividend Frequency
- Monthly (Daily Accrual)
- Number of Holdings
- 397
- Minimum Initial Investment
- $1,500+
Fund Expense Ratio :
Gross 3.95%
Net 0.71%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 04/30/2020 |
---|
w/o sales charge | - | - | - | - | - | 13.93% |
Lipper Category Avg. Short High Yield Funds | - | - | - | - | - | - |
ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD | - | - | - | - | - | 13.67% |
w/ sales charge | - | - | - | - | - | 11.38% |
Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.
Fund Expense Ratio :
Gross 3.95%
Net 0.71%
Fund Expense Ratio :
Gross 3.95%
Net 0.71%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 04/30/2020 |
---|
w/o sales charge | - | - | - | - | - | 13.93% |
Lipper Category Avg. Short High Yield Funds | - | - | - | - | - | - |
ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD | - | - | - | - | - | 13.67% |
w/ sales charge | - | - | - | - | - | 11.38% |
Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.
Fund Expense Ratio :
Gross 3.95%
Net 0.71%
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


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Performance
Performance
Dividend Yield 1 as of 01/27/2021
Subsidized3 | Un-Subsidized4 | |
---|---|---|
w/o sales charge | 5.49% | 2.25% |
w/ sales charge | 5.36% | 2.20% |
30-Day Standardized Yield 2 as of 12/31/2020
Subsidized3 | Un-Subsidized4 | |
---|---|---|
w/o sales charge | 3.13% | 1.49% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Fund Expense Ratio :
Gross 3.95%
Net 0.71%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 04/30/2020 |
---|
w/o sales charge | - | - | - | - | - | 13.93% |
Lipper Category Avg. Short High Yield Funds | - | - | - | - | - | - |
ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD | - | - | - | - | - | 13.67% |
w/ sales charge | - | - | - | - | - | 11.38% |
Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.
Fund Expense Ratio :
Gross 3.95%
Net 0.71%
Fund Expense Ratio :
Gross 3.95%
Net 0.71%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 04/30/2020 |
---|
w/o sales charge | - | - | - | - | - | 13.93% |
Lipper Category Avg. Short High Yield Funds | - | - | - | - | - | - |
ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD | - | - | - | - | - | 13.67% |
w/ sales charge | - | - | - | - | - | 11.38% |
Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.
Fund Expense Ratio :
Gross 3.95%
Net 0.71%
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.
NAV Historical Prices
Date | Net Asset Value |
---|
Portfolio
Portfolio
Rating | Assets |
---|---|
High Yield Corporate | |
Bank Loans | |
Investment Grade Corporate | |
ABS | |
CMBS | |
Other | |
Cash |
The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.
Rating | Assets |
---|---|
Less than 1 year | |
1-3 years | |
3-5 years | |
5-7 years | |
7-10 years |
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 12/31/2020
Rating | Assets |
---|---|
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 12/31/2020
- Total Net Assets
- $9.73 M
- Number of Issues
- 397
- Average Coupon
- 5.73%
- Average Maturity
- 2.68 Years
- Average Effective Duration
- 1.83 Years
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.
Holding | Coupon | Maturity | Assets |
---|
Ford Motor Co | 9.000% | 04/22/2025 | 3.1% |
Sprint Corp. | 7.625% | 02/15/2025 | 2.1% |
Occidental Petroleum Corp. | 2.900% | 08/15/2024 | 1.9% |
Voya CLO 2019-1 Ltd | 1.787% | 04/15/2031 | 1.5% |
Mclaren Finance PLC | 5.000% | 08/01/2022 | 1.4% |
Peach Property Finance GmbH | 4.375% | 11/15/2025 | 1.3% |
Cogent Communications Group, Inc. | 4.375% | 06/30/2024 | 1.3% |
HCA, Inc. | 7.500% | 12/15/2023 | 1.3% |
Netflix, Inc. | 3.625% | 06/15/2025 | 1.1% |
Tenet Healthcare Corp. | 4.625% | 09/01/2024 | 1.0% |
Holding | Coupon | Maturity | Assets |
---|
Ford Motor Co | 9.000% | 04/22/2025 | 3.3% |
Sprint Corp. | 7.625% | 02/15/2025 | 2.1% |
Mclaren Finance PLC | 5.000% | 08/01/2022 | 1.7% |
Cogent Communications Group, Inc. | 4.375% | 06/30/2024 | 1.7% |
Peach Property Finance GmbH | 4.375% | 11/15/2025 | 1.7% |
Occidental Petroleum Corp. | 2.700% | 08/15/2022 | 1.4% |
HCA, Inc. | 7.500% | 12/15/2023 | 1.4% |
Tenet Healthcare Corp. | 4.625% | 09/01/2024 | 1.0% |
Netflix, Inc. | 3.625% | 06/15/2025 | 1.0% |
Freeport-McMoRan, Inc. | 4.550% | 11/14/2024 | 0.9% |
Carnival Corp. | 11.500% | 04/01/2023 | 0.8% |
Navient Corp. | 7.250% | 01/25/2022 | 0.8% |
Omnova Solutions, Inc. | 4.500% | 10/20/2025 | 0.8% |
Altice France Holding SA | 10.500% | 05/15/2027 | 0.8% |
Springleaf Finance Corp. | 8.250% | 10/01/2023 | 0.7% |
Tesla Motors, Inc. | 5.300% | 08/15/2025 | 0.7% |
Eldorado Resorts, Inc. | 6.250% | 07/01/2025 | 0.7% |
NextEra Energy Operating Partners LP | 4.250% | 09/15/2024 | 0.7% |
CIT Group, Inc. | 5.000% | 08/01/2023 | 0.7% |
MEG Energy Corp. | 7.000% | 03/31/2024 | 0.6% |
JPMorgan Chase & Co. | 4.000% | 12/31/2099 | 0.6% |
Springleaf Finance Corp. | 8.875% | 06/01/2025 | 0.6% |
American Airlines, Inc. | 11.750% | 07/15/2025 | 0.6% |
Royal Caribbean Cruises Ltd. | 11.500% | 06/01/2025 | 0.6% |
Netflix, Inc. | 5.500% | 02/15/2022 | 0.5% |
Atlantica Sustainable Infrastructure Jersey Ltd | 4.000% | 07/15/2025 | 0.5% |
TransDigm, Inc. | 5.500% | 11/15/2027 | 0.5% |
Hilton Domestic Operating Co, Inc. | 4.250% | 09/01/2024 | 0.5% |
L Brands, Inc. | 6.875% | 07/01/2025 | 0.5% |
DISH DBS Corp. | 5.875% | 07/15/2022 | 0.5% |
TRI Pointe Group Inc / TRI Pointe Homes Inc | 5.875% | 06/15/2024 | 0.4% |
Warrior Met Coal Inc | 8.000% | 11/01/2024 | 0.4% |
Coeur Mining, Inc. | 5.875% | 06/01/2024 | 0.4% |
Occidental Petroleum Corp. | 2.900% | 08/15/2024 | 0.4% |
Univision Communications, Inc. | 5.125% | 02/15/2025 | 0.4% |
Parsley Energy LLC | 5.375% | 01/15/2025 | 0.4% |
HAT Holdings I LLC / HAT Holdings II LLC | 6.000% | 04/15/2025 | 0.4% |
CSC Holdings LLC (Cablevision) | 2.389% | 07/17/2025 | 0.4% |
Spirit Loyalty Cayman Ltd / Spirit IP Cayman Ltd | 8.000% | 09/20/2025 | 0.4% |
Fairstone Financial Inc | 7.875% | 07/15/2024 | 0.4% |
Magnolia Oil & Gas Operating LLC / Magnolia Oil & | 6.000% | 08/01/2026 | 0.4% |
Marriott International, Inc. | 5.750% | 05/01/2025 | 0.4% |
ADT Corp. | 3.500% | 07/15/2022 | 0.4% |
Petroleos Mexicanos | 4.875% | 01/24/2022 | 0.4% |
Laureate Education, Inc. | 8.250% | 05/01/2025 | 0.4% |
Endeavor Energy Resources L.P. | 5.500% | 01/30/2026 | 0.4% |
Prime Security Services Borrower LLC / Prime Finan | 5.250% | 04/15/2024 | 0.4% |
Acrisure LLC / Acrisure Finance Inc | 8.125% | 02/15/2024 | 0.4% |
Buckeye Partners L.P. | 4.150% | 07/01/2023 | 0.4% |
VeriSign, Inc. | 5.250% | 04/01/2025 | 0.4% |
Diamondback Energy, Inc. | 2.875% | 12/01/2024 | 0.4% |
Sensata Technologies BV | 4.875% | 10/15/2023 | 0.4% |
Cenovus Energy, Inc. | 3.800% | 09/15/2023 | 0.4% |
PDC Energy, Inc. | 6.125% | 09/15/2024 | 0.4% |
ESH Hospitality, Inc. | 5.250% | 05/01/2025 | 0.4% |
Hillman Group, Inc. | 6.375% | 07/15/2022 | 0.4% |
Aircastle Ltd. | 5.250% | 08/11/2025 | 0.4% |
Elwood Energy LLC | 8.159% | 07/05/2026 | 0.4% |
Mattel, Inc. | 3.150% | 03/15/2023 | 0.4% |
EnerSys | 5.000% | 04/30/2023 | 0.4% |
Oceaneering International, Inc. | 4.650% | 11/15/2024 | 0.4% |
PTC, Inc. | 3.625% | 02/15/2025 | 0.4% |
DISH DBS Corp. | 5.875% | 11/15/2024 | 0.4% |
Navient Corp. | 6.750% | 06/25/2025 | 0.4% |
Beacon Roofing Supply, Inc. | 4.875% | 11/01/2025 | 0.4% |
Newell Rubbermaid, Inc. | 4.000% | 06/15/2022 | 0.3% |
Molina Healthcare, Inc. | 5.375% | 11/15/2022 | 0.3% |
Popular, Inc. | 6.125% | 09/14/2023 | 0.3% |
TerraForm Power Operating LLC | 4.250% | 01/31/2023 | 0.3% |
Hill-Rom Holdings, Inc. | 5.000% | 02/15/2025 | 0.3% |
EPR Properties | 5.250% | 07/15/2023 | 0.3% |
CDW Corp. | 4.125% | 05/01/2025 | 0.3% |
XPO Logistics, Inc. | 6.250% | 05/01/2025 | 0.3% |
FMG Finance Pty Ltd. | 4.750% | 05/15/2022 | 0.3% |
Great Lakes Dredge & Dock Corp. | 8.000% | 05/15/2022 | 0.3% |
American Airlines Group, Inc. | 5.000% | 06/01/2022 | 0.3% |
CSC Holdings LLC | 5.250% | 06/01/2024 | 0.3% |
Western Gas Partners L.P. | 3.950% | 06/01/2025 | 0.3% |
JBS USA LLC/JBS USA Finance, Inc. | 5.750% | 06/15/2025 | 0.3% |
Topgolf International, Inc. | 7.403% | 02/09/2026 | 0.3% |
Redfin Corp | 0.000% | 10/15/2025 | 0.3% |
CrownRock L.P./CrownRock Finance, Inc. | 5.625% | 10/15/2025 | 0.3% |
Forestar Group, Inc. | 8.000% | 04/15/2024 | 0.3% |
SunPower Corp. | 4.000% | 01/15/2023 | 0.3% |
PetSmart, Inc. | 8.875% | 06/01/2025 | 0.3% |
Southwestern Energy Co. | 6.450% | 01/23/2025 | 0.3% |
AMC Networks, Inc. | 4.750% | 08/01/2025 | 0.3% |
Chemours Co. | 7.000% | 05/15/2025 | 0.3% |
Motion Finco LLc | 3.470% | 10/17/2026 | 0.3% |
Boeing Co. | 4.875% | 05/01/2025 | 0.3% |
Century Communities, Inc. | 5.875% | 07/15/2025 | 0.3% |
Apache Corp. | 4.625% | 11/15/2025 | 0.3% |
Delta Air Lines, Inc. | 7.000% | 05/01/2025 | 0.3% |
Starfruit US Holdco LLC | 3.141% | 09/20/2025 | 0.3% |
Park Intermediate Holdings LLC / PK Domestic Prope | 7.500% | 06/01/2025 | 0.3% |
Continental Resources, Inc. | 5.000% | 09/15/2022 | 0.3% |
Advisor Group, Inc. | 5.146% | 07/31/2026 | 0.3% |
Enterprise Development Authority/The | 12.000% | 07/15/2024 | 0.3% |
Spirit Airlines, Inc. | 4.750% | 05/15/2025 | 0.3% |
Buena Vista Gaming Authority | 13.000% | 04/01/2023 | 0.3% |
JetBlue Airways Corp | 6.250% | 06/12/2024 | 0.3% |
American Axle & Manufacturing, Inc. | 6.250% | 04/01/2025 | 0.3% |
Mack-Cali Realty L.P. | 4.500% | 04/18/2022 | 0.3% |
Norbord, Inc. | 6.250% | 04/15/2023 | 0.3% |
Helix Gen Funding, LLC | 4.750% | 06/03/2024 | 0.3% |
Las Vegas Sands Corp. | 2.900% | 06/25/2025 | 0.3% |
Grinding Media, Inc. / MC Grinding Media Canada, I | 7.375% | 12/15/2023 | 0.3% |
Tronox Finance PLC | 5.750% | 10/01/2025 | 0.3% |
Adient US LLC | 7.000% | 05/15/2026 | 0.3% |
Wabash National Corp. | 5.500% | 10/01/2025 | 0.3% |
Wyndham Worldwide Corp. | 5.650% | 04/01/2024 | 0.3% |
XPO Logistics, Inc. | 6.750% | 08/15/2024 | 0.3% |
Nexstar Broadcasting, Inc. | 2.396% | 01/17/2024 | 0.3% |
JB Poindexter & Co., Inc. | 7.125% | 04/15/2026 | 0.3% |
Citgo Holding, Inc. | 9.250% | 08/01/2024 | 0.3% |
NCL Corp. Ltd. | 12.250% | 05/15/2024 | 0.3% |
Tenneco, Inc. | 5.000% | 07/15/2026 | 0.3% |
Seven Generations Energy Ltd. | 6.750% | 05/01/2023 | 0.3% |
Clearway Energy Operating LLC | 5.750% | 10/15/2025 | 0.3% |
Meritage Homes Corp. | 6.000% | 06/01/2025 | 0.3% |
Terraform Global Operating LLC | 6.125% | 03/01/2026 | 0.3% |
Playtika Holding Corp | 7.000% | 12/03/2024 | 0.3% |
Itron, Inc. | 5.000% | 01/15/2026 | 0.3% |
Hillenbrand Inc. | 5.750% | 06/15/2025 | 0.3% |
Enviva Partners LP / Enviva Partners Finance Corp | 6.500% | 01/15/2026 | 0.3% |
Cheniere Energy Partners LP | 5.250% | 10/01/2025 | 0.3% |
Diamond BC BV | 3.214% | 09/06/2024 | 0.3% |
Kaiser Aluminum Corp. | 6.500% | 05/01/2025 | 0.3% |
Kuehg Corp | 4.750% | 02/14/2025 | 0.3% |
Ashton Woods USA LLC / Ashton Woods Finance Co. | 6.750% | 08/01/2025 | 0.3% |
ChampionX Corp | 6.375% | 05/01/2026 | 0.3% |
Tempo Acquisition LLC / Tempo Acquisition Finance | 6.750% | 06/01/2025 | 0.3% |
Container Store | 6.948% | 09/14/2023 | 0.3% |
Veoneer Inc | 4.000% | 06/01/2024 | 0.3% |
US Renal Care Inc. | 5.146% | 06/13/2026 | 0.3% |
LTF Merger Sub, Inc. | 8.500% | 06/15/2023 | 0.3% |
Chassix Inc | 6.503% | 11/10/2023 | 0.2% |
Core & Main Holdings LP | 8.625% | 09/15/2024 | 0.2% |
AES Corp. | 5.500% | 04/15/2025 | 0.2% |
Performance Food Group, Inc. | 5.500% | 06/01/2024 | 0.2% |
Portfolio Recovery Associates, Inc. | 7.375% | 09/01/2025 | 0.2% |
Clear Channel Worldwide Holdings, Inc. | 9.250% | 02/15/2024 | 0.2% |
Penske Automotive Group, Inc. | 3.500% | 09/01/2025 | 0.2% |
Texas Capital Bancshares, Inc. | 0.000% | - | 0.2% |
Caesars Resort Collection LLC / CRC Finco Inc | 5.250% | 10/15/2025 | 0.2% |
VistaJet Malta Finance PLC / XO Management Holding | 10.500% | 06/01/2024 | 0.2% |
Calpine Corporation | 3.656% | 01/15/2024 | 0.2% |
PennyMac Financial Services Inc | 5.375% | 10/15/2025 | 0.2% |
Compass Minerals International, Inc. | 4.875% | 07/15/2024 | 0.2% |
Scientific Games International, Inc. | 8.625% | 07/01/2025 | 0.2% |
Boyd Gaming Corporation | 2.345% | 09/15/2023 | 0.2% |
Cliffs Natural Resources, Inc. | 9.875% | 10/17/2025 | 0.2% |
SSL Robotics LLC | 9.750% | 12/31/2023 | 0.2% |
Indigo Natural Resources LLC | 6.875% | 02/15/2026 | 0.2% |
Daseke Companies, Inc. | 6.783% | 02/27/2024 | 0.2% |
Fastlane Parent Company, Inc. | 4.646% | 12/19/2025 | 0.2% |
Ball Corp. | 5.250% | 07/01/2025 | 0.2% |
WPX Energy, Inc. | 8.250% | 08/01/2023 | 0.2% |
Veritas US Inc / Veritas Bermuda Ltd | 7.500% | 09/01/2025 | 0.2% |
INTRAWEST RESORTS HLDGS INC | 2.896% | 07/31/2024 | 0.2% |
Boyd Gaming Corp. | 8.625% | 06/01/2025 | 0.2% |
Weibo Corp. | 1.250% | 11/15/2022 | 0.2% |
Taylor Morrison Communities Inc / Taylor Morrison | 5.875% | 04/15/2023 | 0.2% |
Deliver Buyer, Inc. (aka MHS Holdings, Inc.) | 5.220% | 05/01/2024 | 0.2% |
Sirius XM Radio, Inc. | 4.625% | 07/15/2024 | 0.2% |
Quality Distribution, Inc | 6.500% | 08/18/2022 | 0.2% |
Sally Holdings LLC / Sally Capital, Inc. | 8.750% | 04/30/2025 | 0.2% |
STL Holding Co LLC | 7.500% | 02/15/2026 | 0.2% |
Gap, Inc. | 8.625% | 05/15/2025 | 0.2% |
Targa Resources Partners L.P. | 5.125% | 02/01/2025 | 0.2% |
Granite Holdings US Acquisition | 7.067% | 09/25/2026 | 0.2% |
Rite Aid Corp. | 8.000% | 11/15/2026 | 0.2% |
Chesapeake Energy Corp. | 6.500% | 10/01/2025 | 0.2% |
Brinker International, Inc. | 5.000% | 10/01/2024 | 0.2% |
GCP Applied Technologies, Inc. | 5.500% | 04/15/2026 | 0.2% |
Elanco Animal Health Inc | 5.272% | 08/28/2023 | 0.2% |
Weight Watchers International, Inc. | 8.625% | 12/01/2025 | 0.2% |
Select Medical Corp. | 6.250% | 08/15/2026 | 0.2% |
Ccs-Cmgc Holdings Inc | 5.718% | 10/01/2025 | 0.2% |
Clarios Global LP | 6.750% | 05/15/2025 | 0.2% |
Intertape Polymer Group Inc | 7.000% | 10/15/2026 | 0.2% |
Bombardier, Inc. | 8.750% | 12/01/2021 | 0.2% |
Hilcorp Energy L.P. / Hilcorp Finance Co. | 5.000% | 12/01/2024 | 0.2% |
Atlantic Aviation FBO Inc. | 3.900% | 11/30/2025 | 0.2% |
ASURION LLC | 3.163% | 11/03/2024 | 0.2% |
Ball Corp. | 5.000% | 03/15/2022 | 0.2% |
Navistar International Corp. | 6.625% | 11/01/2025 | 0.2% |
Ritchie Bros Auctioneers, Inc. | 5.375% | 01/15/2025 | 0.2% |
TransDigm, Inc. | 6.500% | 07/15/2024 | 0.2% |
MEDNAX, Inc. | 5.250% | 12/01/2023 | 0.2% |
Silgan Holdings, Inc. | 4.750% | 03/15/2025 | 0.2% |
JP Morgan Chase Commercial Mortgage Securities Tru | 1.441% | 06/15/2032 | 0.2% |
Landry's Restaurants Inc. | 4.660% | 10/04/2023 | 0.2% |
ACProducts Inc | 7.500% | 08/13/2025 | 0.2% |
Chefs' Warehouse, Inc. | 1.875% | 12/01/2024 | 0.2% |
MGM Resorts International | 6.000% | 03/15/2023 | 0.2% |
PetSmart, Inc. | 7.125% | 03/15/2023 | 0.2% |
Penn National Gaming, Inc. | 3.000% | 10/15/2025 | 0.2% |
United Airlines 2020-1 Class A Pass Through Trust | 5.875% | 10/15/2027 | 0.2% |
United PF Holdings LLC | 4.220% | 12/30/2026 | 0.2% |
Fresh Market, Inc. | 9.750% | 05/01/2023 | 0.2% |
Novelis Corp. | 5.875% | 09/30/2026 | 0.2% |
Tronox Inc | 6.500% | 04/15/2026 | 0.2% |
WP CityMD Bidco LLC | 5.500% | 08/06/2026 | 0.2% |
New Home Co, Inc./The | 7.250% | 10/15/2025 | 0.2% |
TopBuild Corp. | 5.625% | 05/01/2026 | 0.2% |
Insmed, Inc. | 1.750% | 01/15/2025 | 0.2% |
Melissa & Doug | 5.435% | 06/19/2024 | 0.2% |
Ingles Markets, Inc. | 5.750% | 06/15/2023 | 0.2% |
Laredo Petroleum Holdings, Inc. | 9.500% | 01/15/2025 | 0.2% |
NEP/NCP Holdco Inc | 3.396% | 10/05/2025 | 0.2% |
Scorpio Tankers, Inc. | 3.000% | 05/15/2022 | 0.2% |
Seven Generations Energy Ltd. | 5.375% | 09/30/2025 | 0.2% |
Ally Financial, Inc. | 3.875% | 05/21/2024 | 0.2% |
Great Wolf Trust 2019-WOLF | 1.475% | 12/15/2036 | 0.2% |
Buckeye Partners L.P. | 6.375% | 01/22/2078 | 0.2% |
Stars Group Holdings BV / Stars Group US Co-Borrow | 7.000% | 07/15/2026 | 0.2% |
Wynn Las Vegas LLC | 4.250% | 05/30/2023 | 0.2% |
Caesars Resort Collection LLC / CRC Finco Inc | 5.750% | 07/01/2025 | 0.2% |
MGM Growth Properties Operating Partnership LP / M | 5.625% | 05/01/2024 | 0.2% |
ADT Corp. | 4.125% | 06/15/2023 | 0.2% |
CIT Group, Inc. | 3.929% | 06/19/2024 | 0.2% |
Teva Pharmaceutical Finance Netherlands III BV | 2.800% | 07/21/2023 | 0.2% |
WOW! (Wide Open West) | 4.250% | 08/18/2023 | 0.2% |
AI Aqua Merger Sub, Inc. | 4.250% | 12/13/2023 | 0.2% |
Spectacle Gary Holdings, LLC | 11.000% | 10/17/2024 | 0.2% |
Lennar Corp. | 4.750% | 05/30/2025 | 0.2% |
Sugarhouse HSP Gaming Prop Mezz LP/Fin Corp. | 5.875% | 05/15/2025 | 0.2% |
Centennial Resource Production LLC | 8.000% | 06/01/2025 | 0.2% |
Guidehouse LLP | 4.646% | 05/01/2025 | 0.2% |
Shift4 Payments LLC / Shift4 Payments Finance Sub | 4.625% | 11/01/2026 | 0.2% |
Newell Rubbermaid, Inc. | 4.875% | 06/01/2025 | 0.2% |
Royal Caribbean Cruises Ltd. | 9.125% | 06/15/2023 | 0.2% |
Brand Energy & Infrastructure Services, Inc. (fka | 5.250% | 06/21/2024 | 0.2% |
Tanger Properties L.P. | 3.875% | 12/01/2023 | 0.2% |
VICI Properties LP / VICI Note Co Inc | 3.500% | 02/15/2025 | 0.2% |
WEX, Inc. | 4.750% | 02/01/2023 | 0.2% |
Arcor | 6.000% | 07/06/2023 | 0.2% |
Delta Air Lines, Inc. | 3.800% | 04/19/2023 | 0.2% |
Taylor Morrison Communities Inc / Taylor Morrison | 5.625% | 03/01/2024 | 0.2% |
Drive Chassis Holdco LLC | 8.474% | 04/10/2026 | 0.2% |
New Fortress Energy Inc | 6.750% | 09/15/2025 | 0.2% |
Vail Resorts, Inc. | 6.250% | 05/15/2025 | 0.2% |
Citigroup, Inc. | 5.950% | 12/31/2099 | 0.2% |
Coach, Inc. | 4.250% | 04/01/2025 | 0.2% |
PolyOne Corp. | 5.750% | 05/15/2025 | 0.2% |
Uber Technologies Inc | 7.500% | 05/15/2025 | 0.2% |
Expedia, Inc. | 6.250% | 05/01/2025 | 0.2% |
Kratos Defense & Security Solutions Inc | 6.500% | 11/30/2025 | 0.2% |
Avis Budget Car Rental LLC / Avis Budget Finance, | 6.375% | 04/01/2024 | 0.2% |
PetVet Care Centers, LLC | 2.896% | 02/14/2025 | 0.2% |
Antero Midstream Partners L.P. / Antero Midstream | 7.875% | 05/15/2026 | 0.2% |
Capitol Investment Merger Sub 2 LLC | 10.000% | 08/01/2024 | 0.2% |
HD Supply Inc. | 3.750% | 08/01/2024 | 0.2% |
Imperva Inc | 5.000% | 11/20/2025 | 0.2% |
MGM Resorts International | 6.750% | 05/01/2025 | 0.2% |
Diamond Sports Group LLC / Diamond Sports Finance | 6.625% | 08/15/2027 | 0.2% |
Duravant | 4.000% | 07/19/2024 | 0.2% |
Range Resources Corp. | 5.000% | 03/15/2023 | 0.2% |
Leslies Poolmart, Inc. | 5.250% | 08/09/2023 | 0.2% |
LGI Homes, Inc. | 6.875% | 07/15/2026 | 0.2% |
Viking Cruises Ltd. | 13.000% | 05/15/2025 | 0.2% |
Jeld Wen, Inc. | 2.146% | 12/14/2024 | 0.2% |
EQT Corp. | 7.875% | 02/01/2025 | 0.2% |
Chobani LLC / Chobani Finance Corp Inc | 7.500% | 04/15/2025 | 0.2% |
Heartland Dental Care, LLC | 3.646% | 04/30/2025 | 0.2% |
Navitas Midstream Midland Basin, LLC | 5.500% | 12/13/2024 | 0.2% |
Credit Acceptance Corp. | 5.125% | 12/31/2024 | 0.2% |
Canopy Growth Corp | 4.250% | 07/15/2023 | 0.2% |
Akumin Inc | 7.000% | 11/01/2025 | 0.2% |
Western Gas Partners L.P. | 4.000% | 07/01/2022 | 0.2% |
Nissan Motor Acceptance Corp. | 2.800% | 01/13/2022 | 0.1% |
Sealed Air Corp. | 5.125% | 12/01/2024 | 0.1% |
Caleres, Inc. | 6.250% | 08/15/2023 | 0.1% |
Avis Budget Car Rental LLC / Avis Budget Finance, | 5.250% | 03/15/2025 | 0.1% |
Ingram Micro, Inc. | 5.450% | 12/15/2024 | 0.1% |
Global Aircraft Leasing Co Ltd | 6.500% | 09/15/2024 | 0.1% |
Hayward Acquisition Corp. | 3.646% | 08/05/2024 | 0.1% |
Sabre GLBL, Inc. | 7.375% | 09/01/2025 | 0.1% |
NCL Corp. Ltd. | 3.625% | 12/15/2024 | 0.1% |
GLP Capital L.P. / GLP Financing II, Inc. | 5.375% | 11/01/2023 | 0.1% |
Ahern Rentals, Inc. | 7.375% | 05/15/2023 | 0.1% |
Tennant Co. | 5.625% | 05/01/2025 | 0.1% |
Patrick Industries, Inc. | 1.000% | 02/01/2023 | 0.1% |
RegionalCare Hospital Partners Holdings Inc / Life | 9.750% | 12/01/2026 | 0.1% |
Cedar Fair L.P. | 5.375% | 06/01/2024 | 0.1% |
Fair Isaac Corp. | 5.250% | 05/15/2026 | 0.1% |
Citgo Petroleum Corp. | 7.000% | 06/15/2025 | 0.1% |
General Electric Co. | 5.000% | 12/31/2099 | 0.1% |
Comstock Resources, Inc. | 7.500% | 05/15/2025 | 0.1% |
Cinemark USA, Inc. | 5.125% | 12/15/2022 | 0.1% |
Apex Tool Group LLC / BC Mountain Finance Inc | 9.000% | 02/15/2023 | 0.1% |
Forterra Finance LLC / FRTA Finance Corp | 6.500% | 07/15/2025 | 0.1% |
TGP Holding III LLC(Traeger Pellet Grill Hdg LLC) | 6.060% | 09/25/2024 | 0.1% |
Banijay Group US Holding | 3.888% | 02/04/2025 | 0.1% |
Simmons Foods, Inc. | 7.750% | 01/15/2024 | 0.1% |
Bob's Discount Furniture, LLC | 6.250% | 08/08/2023 | 0.1% |
H.B. Fuller Company | 2.147% | 10/20/2024 | 0.1% |
APX Group, Inc. | 7.625% | 09/01/2023 | 0.1% |
Midas Intermediate Holdco II LLC / Midas Intermedi | 7.875% | 10/01/2022 | 0.1% |
IRB Holding Corp | 6.750% | 02/15/2026 | 0.1% |
Gap, Inc. | 8.875% | 05/15/2027 | 0.1% |
Hadrian Merger Sub Inc | 8.500% | 05/01/2026 | 0.1% |
Wynn Las Vegas LLC | 5.250% | 05/15/2027 | 0.1% |
Claros Mortgage Trust Inc. | 4.452% | 08/05/2026 | 0.1% |
Mohegan Tribal Gaming Authority | 7.875% | 10/15/2024 | 0.1% |
Sensata Technologies BV | 5.625% | 11/01/2024 | 0.1% |
Ultimate Software Group Inc | 3.896% | 05/04/2026 | 0.1% |
Hilcorp Energy L.P. / Hilcorp Finance Co. | 5.750% | 10/01/2025 | 0.1% |
CWGS Group, LLC (aka Camping World, Inc.) | 3.500% | 11/08/2023 | 0.1% |
Alliance Data Systems, Inc. | 4.750% | 12/15/2024 | 0.1% |
Renaissance Holding Corp. | 3.396% | 05/30/2025 | 0.1% |
BCP Raptor II LLC | 4.896% | 10/22/2025 | 0.1% |
Matador Resources Co. | 5.875% | 09/15/2026 | 0.1% |
Clark Equipment Co | 5.875% | 06/01/2025 | 0.1% |
Mattel, Inc. | 6.750% | 12/31/2025 | 0.1% |
MGM Growth Properties Operating Partnership LP / M | 4.625% | 06/15/2025 | 0.1% |
SL Green Realty Corp. | 4.500% | 12/01/2022 | 0.1% |
Truck Hero Inc | 8.500% | 04/21/2024 | 0.1% |
Boyne USA Inc | 7.250% | 05/01/2025 | 0.1% |
Specialty Building Products Holdings LLC / SBP Fin | 6.375% | 09/30/2026 | 0.1% |
Barracuda Networks, Inc. | 5.168% | 02/12/2025 | 0.1% |
Carvana Co | 5.625% | 10/01/2025 | 0.1% |
Rain CII Carbon LLC | 7.250% | 04/01/2025 | 0.1% |
Herbalife Nutrition Ltd / HLF Financing Inc | 7.875% | 09/01/2025 | 0.1% |
Rayonier AM Products, Inc. | 5.500% | 06/01/2024 | 0.1% |
Coty, Inc. | 6.500% | 04/15/2026 | 0.1% |
Brazos Delaware II, LLC | 4.146% | 05/21/2025 | 0.1% |
Lyft Inc | 1.500% | 05/15/2025 | 0.1% |
Providence Service Corp. | 5.875% | 11/15/2025 | 0.1% |
William Carter Co. | 5.500% | 05/15/2025 | 0.1% |
Southwest Airlines Co. | 1.250% | 05/01/2025 | 0.1% |
CCM Merger, Inc. | 6.375% | 05/01/2026 | 0.1% |
Hub International Ltd. | 7.000% | 05/01/2026 | 0.1% |
Huazhu Group Ltd | 0.375% | 11/01/2022 | 0.1% |
IIP Operating Partnership LP | 3.750% | 02/21/2024 | 0.1% |
Acrisure LLC / Acrisure Finance Inc | 7.000% | 11/15/2025 | 0.1% |
Robertshaw US Holding Corp. (fka Fox US Bidco Corp | 5.273% | 02/28/2025 | 0.1% |
TMS International Corp. | 7.250% | 08/15/2025 | 0.1% |
FXI Holdings Inc | 7.875% | 11/01/2024 | 0.1% |
Murphy Oil Corp. | 6.875% | 08/15/2024 | 0.1% |
Live Nation Entertainment, Inc. | 2.000% | 02/15/2025 | 0.1% |
Wayfair, Inc. | 0.625% | 10/01/2025 | 0.1% |
Eldorado Resorts, Inc. | 8.125% | 07/01/2027 | 0.1% |
Spring Education Group, Inc. | 4.470% | 07/30/2025 | 0.1% |
CD&R Smokey Buyer Inc | 6.750% | 07/15/2025 | 0.1% |
Trident TPI Holdings Inc | 9.250% | 08/01/2024 | 0.1% |
Boyd Corporation | 3.646% | 09/06/2025 | 0.1% |
Energy Acquisition LP (aka Electrical Components International) | 4.396% | 06/26/2025 | 0.1% |
Rattler Midstream LP | 5.625% | 07/15/2025 | 0.1% |
New Gold, Inc. | 6.375% | 05/15/2025 | 0.1% |
BCD Acquisition, Inc. | 9.625% | 09/15/2023 | 0.1% |
Continental Resources, Inc. | 4.500% | 04/15/2023 | 0.1% |
PBF Finance Corp. | 9.250% | 05/15/2025 | 0.1% |
DPL, Inc. | 4.125% | 07/01/2025 | 0.1% |
Solera Finance, Inc. | 10.500% | 03/01/2024 | 0.1% |
Carnival Corp. | 7.625% | 03/01/2026 | 0.1% |
MPT Operating Partnership L.P. | 6.375% | 03/01/2024 | 0.1% |
IRB Holding Corp | 7.000% | 06/15/2025 | 0.1% |
Picasso Finance Sub Inc | 6.125% | 06/15/2025 | 0.1% |
GameStop Corp. | 6.750% | 03/15/2021 | 0.1% |
EQT Corp. | 3.000% | 10/01/2022 | 0.1% |
Hertz Corp. | 5.500% | 10/15/2024 | 0.1% |
SM Energy Co. | 6.125% | 11/15/2022 | 0.0% |
Hertz Corp. | 6.000% | 01/15/2028 | 0.0% |
Reynolds Group Issuer, Inc. | 5.125% | 07/15/2023 | 0.0% |
GameStop Corp. | 6.750% | 03/15/2021 | 0.0% |
Range Resources Corp. | 4.875% | 05/15/2025 | 0.0% |
PetVet Care Centers, LLC | 3.685% | 02/14/2025 | 0.0% |
Motion Finco LLc | 3.470% | 10/17/2026 | 0.0% |
Spectacle Gary Holding | 11.000% | 11/07/2025 | 0.0% |
Hertz Corp. | 0.000% | 10/15/2022 | 0.0% |
FX USD/GBP 12/20 | 0.000% | 12/08/2020 | 0.0% |
FX USD/GBP 12/20 | 0.000% | 12/08/2020 | 0.0% |
FX USD/GBP 12/20 | 0.000% | 12/08/2020 | 0.0% |
FX USD/EUR 12/20 | 0.000% | 12/04/2020 | 0.0% |
FX USD/CAD 01/21 | 0.000% | 01/20/2021 | 0.0% |
FX USD/GBP 12/20 | 0.000% | 12/08/2020 | 0.0% |
FX USD/GBP 12/20 | 0.000% | 12/08/2020 | 0.0% |
FX USD/EUR 12/20 | 0.000% | 12/04/2020 | 0.0% |
FX USD/EUR 12/20 | 0.000% | 12/04/2020 | 0.0% |
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.
Fees & Expenses
Fees & Expenses
Sales Charge Schedule as of 01/27/2021
Sales Charge | Dealer's Concession | Prices at Breakpoint | |
---|---|---|---|
Less than $100,000 | 2.25% | 2.00% | $11.17 |
$100,000 to $249,999 | 1.75% | 1.50% | $11.11 |
$250,000 to $499,999 | 1.25% | 1.00% | $11.06 |
$500,000 to $999,999 | 0.00% | 1.00% | $10.92 |
$1,000,000 to $5,000,000 | 0.00% | 1.00% | $10.92 |
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.
Expense Ratioas of 12/31/2020
Expense ratio details, Click here.
The net expense ratio takes into account contractual fee waivers/expense reimbursements that currently are scheduled to remain in place through 11/30/2021. For periods when fees and expenses were waived and/or reimbursed, the Fund benefited by not bearing such expenses. Without such fee waivers/reimbursements, performance would have been lower.
Fund Documents
Fund Documents
Download fund documents & literature, create email subscriptions, and place direct mail order
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Portfolio Holdings 1Q
Publish Date:11/03/2015
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Summary Prospectus
Publish Date:11/03/2015
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Statutory Prospectus
Publish Date:11/03/2015
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Prospectus (XBRL)
Publish Date:11/03/2015
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SAI
Publish Date:11/03/2015
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Annual Report
Publish Date:11/03/2015
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Fact Sheet
Publish Date:11/03/2015
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