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Total Return Fund

Daily price w/o sales charge as of 09/20/2019

$10.51

arrowUp$0.03

YTD Returns w/o sales charge as of 09/20/2019

7.97%

Please click here for performance current to the most recent quarter-end and month-end.

Click here to view all legal text including risk information

Summary

Summary

What is the Total Return Fund?

The Fund seeks to deliver current income and the opportunity for capital appreciation by investing primarily in U.S. investment grade corporate, government, and mortgage- and asset-backed securities, with select allocations to high yield and foreign debt securities.

EXPERIENCED INVESTMENT TEAM

Managed through collaboration among 40+ investment professionals in portfolio management, credit research, and trading.

DISCIPLINED, FLEXIBLE APPROACH

Utilizes a blend of fundamental research and quantitative analysis in seeking to add value through sector rotation, security selection, and rigorous risk management.

CONSISTENT, RISK-ADJUSTED RETURNS

Has offered a track record of generating above-average returns with below-average risk in a variety of market environments, versus its peers in the Morningstar Intermediate-Term Bond Category.

Yield

Dividend Yield 1 as of 09/20/2019  

  Subsidized3 Un-Subsidized4
w/o sales charge 2.76% 2.72%

30-Day Standardized Yield 2 as of 08/31/2019  

  Subsidized3 Un-Subsidized4
w/o sales charge 2.38% 2.34%

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

Fund Basicsas of 08/30/2019

Total Net Assets
$4.06 B
Inception Date
12/14/1998
Dividend Frequency
Monthly
Fund Gross Expense Ratio
0.48%
Fund Net Expense Ratio
0.44%
Number of Holdings
538
Minimum Initial Investment
$1,000,000+

+Minimum Exceptions, Click here.

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 These investment minimums may be suspended, changed, or withdrawn by Lord Abbett Distributor LLC ("Lord Abbett Distributor").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

Fund Expense Ratio :

Gross 0.48%

Net 0.44%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/14/1998
w/o sales charge 8.69% 9.18% 3.04% 3.21% 4.61% 5.48%
Lipper Category Avg. Core Bond Funds 9.03% 9.43% 2.97% 3.00% 4.08% -
Bloomberg Barclays U.S. Universal Index 9.27% 10.08% 3.39% 3.55% 4.32% -

Fund Expense Ratio :

Gross 0.48%

Net 0.44%

Fund Expense Ratio :

Gross 0.48%

Net 0.44%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/14/1998
w/o sales charge 6.43% 7.56% 2.74% 2.94% 4.86% 5.42%
Lipper Category Avg. Core Bond Funds 6.29% 7.35% 2.37% 2.62% 4.25% -
Bloomberg Barclays U.S. Universal Index 6.54% 8.07% 2.84% 3.18% 4.37% -

Fund Expense Ratio :

Gross 0.48%

Net 0.44%

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.

Type Assets
MBS
U.S. Government Related
Investment Grade Corporate
ABS
High Yield Corporate
CMBS
Sovereign
Bank Loans
Other
Cash

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Maturity Assets
Less than 1 year
1-2.99 years
3-4.99 years
5-6.99 years
7-9.99 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 08/30/2019 View Portfolio

Rating Assets
U.S. Treasury
Agency
AAA
AA
A
BBB
<BBB

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 median, but if there are only two ratings, the lower rating is used. 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.

Investment Team

Kewjin Yuoh
Kewjin Yuoh

Partner & Portfolio Manager

25 Years of Industry Experience

Andrew H. O'Brien
Andrew H. O'Brien, CFA

Partner & Portfolio Manager

21 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Director of Taxable Fixed Income

18 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Chief Investment Officer

28 Years of Industry Experience

Supported By 67 Investment Professionals with 15 Years Avg. Industry Experience

Contact a Representative

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

Performance

Performance

Dividend Yield 1 as of 09/20/2019  

  Subsidized3 Un-Subsidized4
w/o sales charge 2.76% 2.72%

30-Day Standardized Yield 2 as of 08/31/2019  

  Subsidized5 Un-Subsidized6
w/o sales charge 2.38% 2.34%

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

Fund Expense Ratio :

Gross 0.48%

Net 0.44%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/14/1998
w/o sales charge 8.69% 9.18% 3.04% 3.21% 4.61% 5.48%
Lipper Category Avg. Core Bond Funds 9.03% 9.43% 2.97% 3.00% 4.08% -
Bloomberg Barclays U.S. Universal Index 9.27% 10.08% 3.39% 3.55% 4.32% -

Fund Expense Ratio :

Gross 0.48%

Net 0.44%

Fund Expense Ratio :

Gross 0.48%

Net 0.44%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/14/1998
w/o sales charge 6.43% 7.56% 2.74% 2.94% 4.86% 5.42%
Lipper Category Avg. Core Bond Funds 6.29% 7.35% 2.37% 2.62% 4.25% -
Bloomberg Barclays U.S. Universal Index 6.54% 8.07% 2.84% 3.18% 4.37% -

Fund Expense Ratio :

Gross 0.48%

Net 0.44%

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 Bloomberg Barclays U.S. Universal Index
2018 -0.60% -0.26%
2017 3.93% 4.09%
2016 4.25% 3.91%
2015 -0.44% 0.43%
2014 6.33% 5.56%
2013 -1.19% -1.35%
2012 7.93% 5.53%
2011 7.40% 7.40%
2010 7.92% 7.16%
2009 16.07% 8.60%
2008 -0.97% -
2007 6.06% -
2006 4.63% -
2005 2.67% -
2004 4.57% -
2003 5.42% -
2002 9.21% -
2001 9.50% -
2000 13.01% -
1999 0.69% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2019 3.28% 3.05% - - 7.98%
2018 -1.36% -0.29% 0.32% 0.75% -0.60%
2017 1.19% 1.48% 0.89% 0.32% 3.93%
2016 2.86% 2.76% 1.19% -2.53% 4.25%
2015 1.63% -1.45% 0.00% -0.60% -0.44%
2014 2.38% 2.55% 0.11% 1.16% 6.33%
2013 0.54% -2.76% 0.54% 0.52% -1.19%
2012 1.87% 1.99% 2.76% 1.09% 7.93%
2011 1.06% 2.14% 2.43% 1.58% 7.40%
2010 2.49% 2.90% 3.36% -0.99% 7.92%
2009 2.51% 5.71% 6.31% 0.75% 16.07%
2008 1.07% 0.05% -1.96% -0.10% -0.97%
2007 1.47% -0.65% 2.82% 2.33% 6.06%
2006 -0.29% -0.19% 3.81% 1.27% 4.63%
2005 -0.19% 3.01% -0.62% 0.48% 2.67%
2004 2.42% -2.29% 3.30% 1.16% 4.57%
2003 1.48% 3.09% 0.00% 0.76% 5.42%
2002 0.13% 2.41% 3.66% 2.75% 9.21%
2001 3.51% 0.44% 4.80% 0.49% 9.50%
2000 2.12% 2.18% 3.45% 4.70% 13.01%
1999 0.10% -0.80% 1.00% 0.39% 0.69%
1998 - - - - 0.40%

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

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Rating Assets
MBS
U.S. Government Related
Investment Grade Corporate
ABS
High Yield Corporate
CMBS
Sovereign
Bank Loans
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
1-2.99 years
3-4.99 years
5-6.99 years
7-9.99 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 08/30/2019

Rating Assets
U.S. Treasury
Agency
AAA
AA
A
BBB
<BBB

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 median, but if there are only two ratings, the lower rating is used. 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 6/30/2019

  • We increased the portfolio’s allocation to MBS over the quarter. MBS valuations became attractive as mortgage spreads over Treasuries reached their widest levels in the post crisis era, as lower rates have resulted in a mini-refinancing boom and thus increased call risk within MBS, increasing risk premium. We continue to monitor and trade a range with respect to MBS spreads to Treasuries.
  • With the significant underperformance of risk assets in the last few weeks of May, we took the opportunity to add marginally to the Fund’s high yield corporate bond exposure. We continue to believe that general economic fundamentals and strong expected earnings growth will favor the lower-rated segments of the high yield market. We expect default rates to remain subdued and believe that high yield spreads can grind tighter from current levels.
  • We reduced the portfolio’s allocation to asset-backed securities (ABS) that are backed by student loans and credit card receivables. While we continue to maintain a favorable view on ABS, we were able to take profits and reallocate the portfolio’s ABS positioning following the volatility that occurred within risk assets during May, which resulted in tighter ABS spreads relative to corporate bonds. In addition, we sold deals that did not have strong language regarding the eventual change from using LIBOR to using the Secured Overnight Financing Rate (SOFR).
  • We maintained the portfolio’s overweight position within commercial mortgage-backed securities (CMBS). CMBS continue to offer less sensitivity to the potential deterioration of U.S. trade conditions as it is an asset class with a domestic orientation. We favor SASB (single-asset / single-borrower) deals across the credit spectrum. Generally, these deals have had superior asset quality and underwriting versus conduit deals as well as stronger borrower profiles.

Portfolio Details as of 08/30/2019

Total Net Assets
$4.06 B
Number of Issues
538
Average Coupon
3.40%
Average Life
7.34 Years
Average Effective Duration
5.62 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 Life - Measures how long it will take, on average, to receive the repayment of the principal amount on a debt security.  Average life is often used in connection with mortgage-backed securities as a measurement of the length of time, on average, before the underlying mortgages are paid, refinanced, or otherwise retired.

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
30-YR UMBS-TBA PROD SEP 3.500% 12/01/2048 23.6%
United States Treasury Bill 0.000% 11/21/2019 10.3%
U.S. Treasury Note/Bond 2.500% 01/31/2021 5.8%
30-YR UMBS-TBA PROD SEP 3.000% 03/01/2049 5.7%
Federal Home Loan Bank 0.000% 09/06/2019 5.2%
Federal Home Loan Bank 0.000% 11/05/2019 4.6%
U.S. Treasury Note 0.625% 04/15/2023 4.4%
TD Securities (USA) LLC 0.010% - 3.6%
U.S. Treasury Note/Bond 2.750% 11/15/2047 2.3%
U.S. Treasury Note/Bond 1.250% 08/31/2024 2.0%
% of Total Assets 67.5%

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.

Holding Coupon Maturity Assets
Fannie Mae or Freddie Mac3.500% 08/01/204916.0%
United States Treasury Bill0.000% 08/27/201915.3%
Fannie Mae or Freddie Mac4.000% 08/01/20496.8%
Fannie Mae or Freddie Mac3.000% 08/01/20495.8%
Federal Home Loan Bank0.000% 09/06/20195.3%
U.S. Treasury Note0.625% 04/15/20234.4%
TD Securities (USA) LLC0.010% -4.0%
U.S. Treasury Note/Bond2.500% 01/31/20213.5%
J.P.Morgan Securities LLC0.010% -3.3%
U.S. Treasury Note/Bond1.750% 06/30/20242.5%
U.S. Treasury Note/Bond2.750% 11/15/20472.1%
U.S. Treasury Note/Bond3.000% 02/15/20491.0%
U.S. Treasury Note/Bond2.625% 02/15/20291.0%
JPMorgan Chase & Co.3.782% 02/01/20280.7%
Bank of America Corp.3.593% 07/21/20280.7%
Drive Auto Receivables Trust5.300% 07/15/20240.7%
Japan Bank for International Cooperation/Japan2.125% 02/10/20250.6%
Santander Drive Auto Receivables Trust 2015-44.540% 11/15/20220.5%
Republic of Argentina5.625% 01/26/20220.5%
Toronto-Dominion Bank3.625% 09/15/20310.5%
Ford Credit Auto Owner Trust 2014-REV22.310% 04/15/20260.5%
Discover Card Execution Note Trust1.390% 03/15/20220.5%
Baker Hughes a GE Co LLC / Baker Hughes Co-Obligor4.080% 12/15/20470.4%
VEREIT Operating Partnership L.P.4.875% 06/01/20260.4%
Santander Drive Auto Receivables Trust 2016-24.380% 09/15/20230.4%
Japan Bank for International Cooperation/Japan2.500% 05/23/20240.4%
U.S. Treasury Note/Bond1.750% 07/31/20240.4%
Broadcom Inc3.625% 10/15/20240.4%
ENI SpA5.700% 10/01/20400.4%
Morgan Stanley4.000% 07/23/20250.4%
Nvent Finance Sarl4.550% 04/15/20280.4%
Honda Auto Receivables 2019-1 Owner Trust2.750% 09/20/20210.4%
Santander Drive Auto Receivables Trust 2016-15.020% 06/15/20230.4%
SCF Equipment Leasing 2019-1 LLC3.920% 11/20/20260.4%
Elm CLO 2014-1 Ltd3.473% 01/17/20290.3%
GE Capital Credit Card Master Note Trust1.760% 09/15/20220.3%
Citibank Credit Card Issuance Trust1.800% 09/20/20210.3%
Santander Drive Auto Receivables Trust 2015-24.020% 09/15/20220.3%
Citigroup, Inc.3.887% 01/10/20280.3%
Ally Auto Receivables Trust 2016-11.990% 03/15/20210.3%
Mercedes-Benz Auto Lease Trust 2018-B3.040% 12/15/20200.3%
Capital Auto Receivables Asset Trust 2018-12.790% 01/20/20220.3%
OHA Loan Funding 2016-1 Ltd4.078% 01/20/20280.3%
GE Capital International Funding Co.4.418% 11/15/20350.3%
Americredit Automobile Receivables Trust 2018-22.860% 11/18/20210.3%
Ford Motor Co.7.450% 07/16/20310.3%
Wells Fargo Bank, N.A.5.850% 02/01/20370.3%
Braskem Netherlands Finance BV4.500% 01/10/20280.3%
General Motors Co.6.600% 04/01/20360.3%
Anglo American Capital plc4.750% 04/10/20270.3%
Shackleton 2019-XIV Clo Ltd0.000% 07/20/20300.3%
Benefit Street Partners CLO IV Ltd3.528% 01/20/20290.3%
Government National Mortgage Association2.700% 08/16/20580.3%
Caesars Palace Las Vegas Trust 2017-VICI3.531% 10/15/20340.3%
Wells Fargo Bank, N.A.6.600% 01/15/20380.3%
Macquarie Group Ltd.4.654% 03/27/20290.3%
JP Morgan Chase Commercial Mortgage Securities Tru3.325% 06/15/20320.3%
Flagship Credit Auto Trust 2018-33.070% 02/15/20230.3%
Royal Caribbean Cruises Ltd.3.700% 03/15/20280.3%
Anglo American Capital plc4.000% 09/11/20270.3%
Perusahaan Listrik Negara PT3.875% 07/17/20290.3%
AerCap Ireland Capital Ltd.3.500% 01/15/20250.3%
Tralee CLO III Ltd3.308% 10/20/20270.3%
UBS AG7.625% 08/17/20220.2%
Drive Auto Receivables Trust 2019-22.930% 03/15/20220.2%
Teachers Insurance & Annuity Association of Americ4.900% 09/15/20440.2%
American Express Credit Account Master Trust1.930% 09/15/20220.2%
Ecopetrol S.A.4.125% 01/16/20250.2%
UBS AG Registered Shares5.125% 05/15/20240.2%
ALM VII Ltd4.153% 07/15/20290.2%
Morgan Stanley3.625% 01/20/20270.2%
BX Trust 2018-GW3.125% 05/15/20350.2%
Drive Auto Receivables Trust5.150% 08/15/20220.2%
Air Lease Corp.3.625% 12/01/20270.2%
Dell International LLC / EMC Corp.8.350% 07/15/20460.2%
Citigroup, Inc.3.980% 03/20/20300.2%
Dominion Gas Holdings LLC4.600% 12/15/20440.2%
World Financial Network Credit Card Master Trust1.980% 06/15/20230.2%
AT&T, Inc.6.250% 03/29/20410.2%
CNAC HK Finbridge Co Ltd4.125% 07/19/20270.2%
SLC Student Loan Trust 2008-14.010% 12/15/20320.2%
Anheuser-Busch InBev Worldwide, Inc.4.750% 01/23/20290.2%
AmeriCredit Automobile Receivables Trust 2015-23.000% 06/08/20210.2%
DLL 2018-2 LLC3.140% 10/20/20200.2%
Government National Mortgage Association2.600% 06/16/20570.2%
ICG US CLO 2015-2 Ltd3.172% 01/16/20280.2%
Hardee's Funding LLC4.959% 06/20/20480.2%
Time Warner Cable LLC7.300% 07/01/20380.2%
Petroleos Mexicanos5.350% 02/12/20280.2%
Republic of Argentina6.875% 04/22/20210.2%
Cox Communications, Inc.8.375% 03/01/20390.2%
Perimeter Master Note Business Trust4.310% 12/15/20220.2%
Capital One Multi-Asset Execution Trust1.330% 06/15/20220.2%
Glencore Finance Canada Ltd.5.550% 10/25/20420.2%
Daimler Finance North America LLC3.750% 02/22/20280.2%
Sabine Pass Liquefaction LLC5.625% 03/01/20250.2%
Drive Auto Receivables Trust 2019-32.630% 09/15/20220.2%
Ausgrid Finance Pty Ltd4.350% 08/01/20280.2%
Berkshire Hathaway Energy Co.3.800% 07/15/20480.2%
EPR Properties4.500% 06/01/20270.2%
JP Morgan Chase Commercial Mortgage Securities Tru3.610% 07/05/20330.2%
Conn's Receivables Funding 2017-B LLC5.950% 11/15/20220.2%
COMM Mortgage Trust4.440% 07/10/20500.2%
Valero Energy Corp.10.500% 03/15/20390.2%
American Credit Acceptance Receivables Trust 2019-3.050% 05/12/20230.2%
China Evergrande Group10.000% 04/11/20230.2%
Morgan Stanley3.875% 01/27/20260.2%
WhiteHorse VIII Ltd3.479% 05/01/20260.2%
Wells Fargo Commercial Mortgage Trust4.112% 05/15/20480.2%
Citigroup Commercial Mortgage Trust 2016-GC362.850% 02/10/20490.2%
Phosagro OAO via Phosagro Bond Funding Ltd3.949% 04/24/20230.2%
BAT Capital Corp4.390% 08/15/20370.2%
Tencent Holdings Ltd.3.595% 01/19/20280.2%
BMW Vehicle Lease Trust 2019-12.790% 03/22/20210.2%
Reynolds American, Inc.5.700% 08/15/20350.2%
TPG Real Estate Finance 2018-FL2 Issuer LTD3.444% 11/15/20370.2%
CIFC Funding 2017-I Ltd3.638% 04/23/20290.2%
Americredit Automobile Receivables Trust 2019-12.560% 06/20/20220.2%
Caesars Palace Las Vegas Trust 2017-VICI3.835% 10/15/20340.2%
Boeing Co.3.250% 02/01/20350.2%
Orec 2018-CRE1 Ltd3.505% 06/15/20360.2%
Drive Auto Receivables Trust 2017-32.800% 07/15/20220.2%
Petrobras Global Finance BV7.250% 03/17/20440.2%
Saudi Arabian Oil Co2.875% 04/16/20240.2%
World Financial Network Credit Card Master Trust2.660% 08/15/20240.2%
Government National Mortgage Association2.900% 11/16/20550.2%
Drive Auto Receivables Trust4.530% 08/15/20230.2%
DBWF 2018-GLKS Mortgage Trust3.328% 11/19/20350.2%
GS Mortgage Securities Corp Trust 2018-FBLU3.275% 11/15/20350.2%
Siemens Financial Services, Inc.2.350% 10/15/20260.2%
Drive Auto Receivables Trust3.040% 11/15/20210.2%
Palmer Square Loan Funding 2018-5 Ltd3.128% 01/20/20270.2%
AerCap Ireland Capital Ltd.3.875% 01/23/20280.2%
Drive Auto Receivables Trust 2017-15.170% 09/16/20240.2%
World Omni Select Auto Trust 2018-13.240% 04/15/20220.2%
Santander UK plc7.950% 10/26/20290.2%
Palmer Square Loan Funding 2018-1 Ltd2.903% 04/15/20260.2%
Americredit Automobile Receivables Trust 2019-12.930% 06/20/20220.2%
Kenya Government International Bond7.000% 05/22/20270.2%
Barclays Dryrock Issuance Trust2.410% 07/15/20220.1%
Qatar Government International Bond3.250% 06/02/20260.1%
California Republic Auto Receivables Trust2.530% 06/15/20210.1%
Netflix, Inc.6.375% 05/15/20290.1%
Myriad International Holdings BV5.500% 07/21/20250.1%
Petroleos Mexicanos4.500% 01/23/20260.1%
SCF Equipment Leasing 2018-1 LLC3.630% 10/20/20240.1%
American Credit Acceptance Receivables Trust 2018-3.380% 12/13/20210.1%
Walt Disney Co/The7.750% 12/01/20450.1%
Chesapeake Funding II LLC1.910% 08/15/20290.1%
Towd Point Asset Trust 2018-SL13.004% 01/25/20460.1%
Apache Corp.4.750% 04/15/20430.1%
Wingstop Funding 2018-1 LLC4.970% 12/05/20480.1%
Time Warner Entertainment Co. L.P.8.375% 07/15/20330.1%
Synchrony Credit Card Master Note Trust1.580% 09/15/20220.1%
United Mexican States, MTN4.000% 10/02/20230.1%
Entergy Arkansas, Inc.4.200% 04/01/20490.1%
Government National Mortgage Association2.900% 02/16/20490.1%
Colonial Pipeline Co.4.250% 04/15/20480.1%
Goldman Sachs Group, Inc.6.250% 02/01/20410.1%
Chase Issuance Trust1.580% 08/15/20210.1%
JP Morgan Chase Commercial Mortgage Securities Tru4.425% 06/15/20320.1%
Exelon Generation Co. LLC6.250% 10/01/20390.1%
Sound Point Clo XII Ltd4.878% 10/20/20280.1%
Foursight Capital Automobile Receivables Trust 2013.240% 09/15/20220.1%
Carnival plc7.875% 06/01/20270.1%
ME Funding LLC 2019-16.448% 07/30/20490.1%
Statoil ASA7.150% 11/15/20250.1%
Longtrain Leasing III LLC 2015-14.060% 01/15/20450.1%
Jamestown CLO IX Ltd0.000% 10/20/20280.1%
KVK CLO 2016-1 Ltd5.453% 01/15/20290.1%
Avery Point VII CLO Ltd4.053% 01/15/20280.1%
Capital Auto Receivables Asset Trust 2018-23.690% 12/20/20230.1%
Flagship Credit Auto Trust 2018-33.590% 12/16/20240.1%
Corp Nacional del Cobre de Chile4.500% 09/16/20250.1%
South Carolina Electric & Gas Co.6.050% 01/15/20380.1%
Bank of America Corp.4.000% 01/22/20250.1%
Neuberger Berman Group LLC4.875% 04/15/20450.1%
CBB International Sukuk Co 6 Spc5.250% 03/20/20250.1%
Towd Point Asset Trust 2018-SL13.241% 12/25/20480.1%
SURA Asset Management SA4.375% 04/11/20270.1%
Angolan Government International Bond9.500% 11/12/20250.1%
Oracle Corp.6.125% 07/08/20390.1%
Aqua America, Inc.3.566% 05/01/20290.1%
Wells Fargo Commercial Mortgage Trust4.285% 07/15/20460.1%
Electricite de France SA5.000% 09/21/20480.1%
JFIN CLO 2014 Ltd3.728% 04/21/20250.1%
Citigroup, Inc.4.450% 09/29/20270.1%
Government National Mortgage Association2.750% 02/16/20580.1%
GS Mortgage Securities Corp Trust 2018-RIVR3.275% 07/15/20350.1%
Republic of Lithuania7.375% 02/11/20200.1%
DRB Prime Student Loan Trust3.200% 01/25/20400.1%
Textainer Marine Containers VII Ltd3.960% 04/20/20440.1%
Republic of Turkey5.625% 03/30/20210.1%
Chesapeake Funding II LLC1.880% 06/15/20280.1%
Mountain View CLO X Ltd3.653% 10/13/20270.1%
Hudsons Bay Simon JV Trust4.666% 08/05/20340.1%
Westlake Automobile Receivables Trust 2018-12.670% 05/17/20210.1%
Schlumberger Holdings Corp.4.300% 05/01/20290.1%
U.S. Treasury Note/Bond2.875% 10/31/20200.1%
General Electric Co.2.945% 05/05/20260.1%
Genesis Sales Finance Master Trust Series 2019-A4.680% 08/20/20230.1%
Jamestown CLO VII Ltd.4.876% 07/25/20270.1%
Aegea Finance Sarl5.750% 10/10/20240.1%
Halliburton Co.6.700% 09/15/20380.1%
Piedmont Natural Gas Co., Inc.3.500% 06/01/20290.1%
Santander Drive Auto Receivables Trust 2015-23.020% 04/15/20210.1%
Indika Energy Capital III Pte Ltd5.875% 11/09/20240.1%
Pennsylvania Electric Co.3.600% 06/01/20290.1%
EPR Properties4.750% 12/15/20260.1%
TCF Auto Receivables Owner Trust 2016-PT12.920% 10/17/20220.1%
Century Communities, Inc.6.750% 06/01/20270.1%
CNAC HK Finbridge Co Ltd3.500% 07/19/20220.1%
Egypt Government International Bond6.588% 02/21/20280.1%
IFM US Colonial Pipeline 2 LLC6.450% 05/01/20210.1%
Chobani LLC / Chobani Finance Corp Inc7.500% 04/15/20250.1%
Intelsat Jackson Holdings SA5.500% 08/01/20230.1%
Spectra Energy Partners L.P.3.299% 06/05/20200.1%
Toll Brothers Finance Corp.4.350% 02/15/20280.1%
Helix Gen Funding, LLC5.984% 06/03/20240.1%
Republic of Argentina5.875% 01/11/20280.1%
United Rentals, Inc.4.875% 01/15/20280.1%
Gray Television, Inc.7.000% 05/15/20270.1%
Cliffs Natural Resources, Inc.5.750% 03/01/20250.1%
Transocean Proteus Ltd.6.250% 12/01/20240.1%
United Mexican States, MTN3.750% 01/11/20280.1%
Interstate Power & Light Co3.600% 04/01/20290.1%
Americredit Automobile Receivables Trust 2018-33.110% 01/18/20220.1%
Fibria Overseas Finance Ltd.4.000% 01/14/20250.1%
Americredit Automobile Receivables Trust 2018-32.550% 01/18/20220.1%
Tronox Inc6.500% 04/15/20260.1%
JPMorgan Chase & Co.3.540% 05/01/20280.1%
First Investors Auto Owner Trust2.410% 12/15/20220.1%
Cedar Funding VI CLO Ltd3.878% 10/20/20280.1%
Sprint Capital Corp.6.875% 11/15/20280.1%
JBS USA LUX SA / JBS USA Food Co / JBS USA Finance6.500% 04/15/20290.1%
Government National Mortgage Association2.700% 07/16/20570.1%
Navient Corp.6.750% 06/25/20250.1%
Navient Private Education Refi Loan Trust 2018-D4.000% 12/15/20590.1%
Kennametal, Inc.4.625% 06/15/20280.1%
CarMax Auto Owner Trust2.880% 10/15/20210.1%
DISH DBS Corp.7.750% 07/01/20260.1%
Neuberger Berman Group LLC4.500% 03/15/20270.1%
Banco de Credito e Inversiones3.500% 10/12/20270.1%
Stars Group Holdings BV / Stars Group US Co-Borrow7.000% 07/15/20260.1%
Westlake Automobile Receivables Trust 2019-23.200% 11/15/20240.1%
ProAmpac PG Borrower LLC5.897% 11/20/20230.1%
First Investors Auto Owner Trust 2018-23.230% 12/15/20220.1%
UBS-BAMLL Trust4.238% 06/10/20300.1%
TNT Crane and Rigging6.830% 11/27/20200.1%
Sound Point CLO XI Ltd.3.378% 07/20/20280.1%
Angolan Government International Bond8.250% 05/09/20280.1%
Goldman Sachs Group, Inc.4.223% 05/01/20290.1%
Sound Point Clo XV Ltd4.759% 01/23/20290.1%
California Republic Auto Receivables Trust 2018-12.860% 03/15/20210.1%
COMM Mortgage Trust4.290% 07/10/20500.1%
Gilead Sciences, Inc.4.600% 09/01/20350.1%
Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worl4.700% 02/01/20360.1%
Ghana Government International Bond8.125% 03/26/20320.1%
VTR Finance B.V.6.875% 01/15/20240.1%
Ahern Rentals, Inc.7.375% 05/15/20230.1%
Atrium Hotel Portfolio Trust 2018-ATRM3.275% 06/15/20350.1%
Hudsons Bay Simon JV Trust5.159% 08/05/20340.1%
Rumo Luxembourg Sarl7.375% 02/09/20240.1%
ZF North America Capital, Inc.4.750% 04/29/20250.1%
Chemours Co.4.000% 05/15/20260.1%
AbbVie, Inc.4.875% 11/14/20480.1%
Palmer Square Loan Funding 2017-1 Ltd4.003% 10/15/20250.1%
J.P. Morgan Chase Commercial Mortgage SecuritiesTr3.415% 11/15/20350.1%
Baidu, Inc.3.500% 11/28/20220.1%
Government National Mortgage Association2.750% 02/16/20580.1%
Interest Rate Swap0.000% 04/01/20210.1%
Shackleton 2016-IX CLO Ltd4.178% 10/20/20280.1%
Dominican Republic International Bond6.400% 06/05/20490.1%
Massachusetts Electric Co.4.004% 08/15/20460.1%
MMC Norilsk Nickel OJSC via MMC Finance Ltd.4.100% 04/11/20230.1%
PSEG Power LLC8.625% 04/15/20310.1%
Shimao Property Holdings Ltd.4.750% 07/03/20220.1%
Bermuda Government International Bond3.717% 01/25/20270.1%
Entergy Louisiana LLC4.000% 03/15/20330.1%
SM Energy Co.6.750% 09/15/20260.1%
Halliburton Co.7.450% 09/15/20390.1%
PFS Financing Corp.3.080% 02/15/20230.1%
Affiliated Managers Group, Inc.3.500% 08/01/20250.1%
JP Morgan Chase Commercial Mortgage Securities Tru4.950% 07/05/20330.1%
Brightsphere Investment Group Inc4.800% 07/27/20260.1%
Cox Communications, Inc.4.500% 06/30/20430.1%
Regatta VI Funding Ltd4.328% 07/20/20280.1%
ACC Trust 2019-14.470% 10/20/20220.1%
Drive Auto Receivables Trust4.590% 01/17/20230.1%
North Texas Tollway Auth8.910% 02/01/20300.1%
Verizon Communications, Inc.3.784% 05/15/20250.1%
Bahamas Government International Bond6.000% 11/21/20280.1%
Wheels SPV 2 LLC3.060% 04/20/20270.1%
Drive Auto Receivables Trust4.160% 05/15/20240.1%
Massachusetts Educational Financing Authority3.226% 04/25/20380.1%
Cleco Corp.4.973% 05/01/20460.1%
China Railway Resources Huitung Ltd.3.850% 02/05/20230.1%
CPS Auto Receivables Trust 2018-B4.260% 03/15/20240.1%
Vistra Operations Co LLC4.300% 07/15/20290.1%
Bank of America Corp.3.950% 04/21/20250.1%
Government National Mortgage Association2.700% 04/16/20570.1%
Palmer Square Loan Funding 2018-1 Ltd3.353% 04/15/20260.1%
Government National Mortgage Association2.600% 07/16/20580.1%
CSMC Trust4.373% 09/15/20370.1%
Flagship Credit Auto Trust 2018-12.590% 06/15/20220.1%
COMM Mortgage Trust4.440% 07/10/20500.1%
Export Credit Bank of Turkey8.250% 01/24/20240.1%
HCA, Inc.5.250% 06/15/20260.1%
Cox Communications, Inc.4.700% 12/15/20420.1%
Wells Fargo Commercial Mortgage Trust 2016-NXS54.876% 01/15/20590.1%
Drive Auto Receivables Trust3.340% 09/15/20220.1%
Wells Fargo Commercial Mortgage Trust 2016-C354.176% 07/15/20480.1%
El Paso Electric Co.5.000% 12/01/20440.1%
Northern Natural Gas4.300% 01/15/20490.1%
CPS Auto Trust2.870% 09/15/20210.1%
PVH Corp.7.750% 11/15/20230.1%
Republic of Turkey5.750% 03/22/20240.1%
Willis North America, Inc.7.000% 09/29/20190.1%
Kerr-McGee Corp.7.875% 09/15/20310.1%
Avery Point VII CLO Ltd4.753% 01/15/20280.1%
JPMBB Commercial Mortgage Securities Trust4.269% 07/15/20480.1%
Ares XXIX CLO Ltd.3.493% 04/17/20260.1%
MHP Lux SA6.950% 04/03/20260.1%
Chesapeake Funding II LLC1.990% 05/15/20290.1%
Qatar Government International Bond5.103% 04/23/20480.1%
Abu Dhabi Crude Oil Pipeline LLC4.600% 11/02/20470.1%
Provincia de Mendoza Argentina8.375% 05/19/20240.1%
AerCap Ireland Capital Ltd.4.875% 01/16/20240.1%
Arcor6.000% 07/06/20230.1%
Country Garden Holdings Co. Ltd.4.750% 09/28/20230.1%
Westgate Resorts 2018-1 LLC3.380% 12/20/20310.1%
JP Morgan Chase Commercial Mortgage Securities Tru3.310% 07/05/20330.1%
Drive Auto Receivables Trust 2018-53.080% 07/15/20210.1%
Akbank TAS4.000% 01/24/20200.1%
BMW Vehicle Owner Trust 2018-A2.090% 11/25/20200.1%
Bancorp Commercial Mortgage 2018-CRE3 Trust/The3.175% 01/15/20330.1%
Enterprise Fleet Financing LLC2.870% 10/20/20230.1%
Federal Home Loan Mortgage Corp.2.244% 02/25/20320.1%
JP Morgan Chase Commercial Mortgage Securities Tru4.549% 07/05/20330.1%
South Carolina Electric & Gas Co.6.625% 02/01/20320.1%
Diamond Resorts Owner Trust4.110% 10/22/20290.1%
Bayer Corp6.650% 02/15/20280.1%
Perimeter Master Note Business Trust8.060% 12/15/20220.1%
Bahamas Government International Bond6.950% 11/20/20290.1%
Quality Distribution, Inc.10.830% 08/18/20230.1%
California Republic Auto Receivables Trust 2016-21.830% 12/15/20210.1%
EPR Properties4.950% 04/15/20280.1%
Kinross Gold Corp.5.950% 03/15/20240.1%
Flagship Credit Auto Trust 2017-32.590% 07/15/20220.1%
CPS Auto Trust3.430% 07/15/20220.1%
Bank of America Corp.4.450% 03/03/20260.1%
Burlington Northern Santa Fe LLC5.750% 05/01/20400.1%
Latvia Government International Bond5.250% 06/16/20210.1%
TRI Pointe Homes LLC5.250% 06/01/20270.1%
William Lyon Homes, Inc.5.875% 01/31/20250.1%
Madison Park Funding XXI Ltd3.806% 07/25/20290.1%
Nigeria Government International Bond7.143% 02/23/20300.1%
Palmer Square Loan Funding 2018-1 Ltd3.703% 04/15/20260.1%
Ecopetrol S.A.5.875% 05/28/20450.1%
Promontoria Holding 264 BV6.750% 08/15/20230.1%
Adani Ports & Special Economic Zone Ltd4.000% 07/30/20270.1%
Ally Financial, Inc.8.000% 11/01/20310.1%
Penn National Gaming, Inc.5.625% 01/15/20270.1%
California Resources Corp.8.000% 12/15/20220.1%
Drive Auto Receivables Trust 2018-52.645% 07/15/20210.1%
MEG Energy Corp.7.000% 03/31/20240.1%
Avery Point CLO Ltd.3.876% 04/25/20260.1%
Tenet Healthcare Corp.6.250% 02/01/20270.1%
Drive Auto Receivables Trust3.010% 11/15/20210.1%
CCO Holdings LLC / CCO Holdings Capital Corp.5.000% 02/01/20280.1%
CIT Group, Inc.6.125% 03/09/20280.1%
Wyndham Worldwide Corp.5.750% 04/01/20270.1%
Calpine Corp.5.750% 01/15/20250.0%
Hilcorp Energy L.P. / Hilcorp Finance Co.6.250% 11/01/20280.0%
Emirates Semb Corp Water & Power Co PJSC4.450% 08/01/20350.0%
Match Group, Inc.5.625% 02/15/20290.0%
Valeant Pharmaceuticals International, Inc.9.250% 04/01/20260.0%
AMC Networks, Inc.4.750% 08/01/20250.0%
Community Health Systems, Inc.8.000% 11/15/20190.0%
MPT Operating Partnership L.P.5.000% 10/15/20270.0%
TransDigm, Inc.6.375% 06/15/20260.0%
Kratos Defense & Security Solutions Inc6.500% 11/30/20250.0%
Galaxy XXI CLO Ltd3.298% 04/20/20310.0%
JB y Co SA de CV3.750% 05/13/20250.0%
ACC Trust 2018-14.820% 05/20/20210.0%
IRB Holding Corp6.750% 02/15/20260.0%
Williams Scotsman International Inc6.875% 08/15/20230.0%
RegionalCare Hospital Partners Holdings Inc / Life9.750% 12/01/20260.0%
Dell International LLC / EMC Corp.5.450% 06/15/20230.0%
Acadia Healthcare Co., Inc.6.500% 03/01/20240.0%
Albertsons Cos LLC / Safeway, Inc. / New Albertson6.625% 06/15/20240.0%
Qtel International Finance Ltd.3.750% 06/22/20260.0%
Minejesa Capital BV4.625% 08/10/20300.0%
AT&T, Inc.6.100% 07/15/20400.0%
Empresas Publicas de Medellin ESP4.250% 07/18/20290.0%
Foursight Capital Automobile Receivables Trust 2013.530% 04/17/20230.0%
YPF S.A.8.500% 07/28/20250.0%
Egypt Government International Bond6.125% 01/31/20220.0%
Drive Auto Receivables Trust4.180% 03/15/20240.0%
Weight Watchers International, Inc.8.625% 12/01/20250.0%
Tesla Motors, Inc.5.300% 08/15/20250.0%
SCF Equipment Leasing 2017-2 LLC3.410% 12/20/20230.0%
Nine Energy Service Inc8.750% 11/01/20230.0%
Affiliated Managers Group, Inc.4.250% 02/15/20240.0%
Ghana Government International Bond7.875% 08/07/20230.0%
Genesis Sales Finance Master Trust Series 2019-A6.880% 08/20/20230.0%
Polaris Intermediate Corp8.500% 12/01/20220.0%
California Republic Auto Receivables Trust 2017-12.910% 12/15/20220.0%
Aston Martin Capital Holdings Ltd6.500% 04/15/20220.0%
Pertamina Persero PT5.625% 05/20/20430.0%
Egypt Government International Bond7.903% 02/21/20480.0%
COMM Mortgage Trust4.440% 07/10/20500.0%
Sinopec Group Overseas Development 2013 Ltd.4.375% 10/17/20230.0%
Dominican Republic International Bond6.500% 02/15/20480.0%
Pennsylvania5.350% 05/01/20300.0%
Red de Carreteras de Occidente SAPIB de CV9.000% 06/10/20280.0%
Flagship Credit Auto Trust 2017-42.070% 04/15/20220.0%
Broadcom Corp. / Broadcom Cayman Finance Ltd.3.625% 01/15/20240.0%
Palmer Square Loan Funding 2018-5 Ltd3.678% 01/20/20270.0%
Pelabuhan Indonesia III Persero PT4.500% 05/02/20230.0%
WFRBS Commercial Mortgage Trust0.593% 10/15/20570.0%
PHEAA Student Loan Trust I2.546% 04/25/20380.0%
Delphi Automotive plc4.350% 03/15/20290.0%
Santander UK plc5.000% 11/07/20230.0%
Danske Bank A/S4.375% 06/12/20280.0%
ACC Trust 2018-16.810% 02/21/20230.0%
Halcyon Loan Advisors Funding Ltd.4.426% 07/25/20270.0%
Country Garden Holdings Co. Ltd.4.750% 01/17/20230.0%
Foursight Capital Automobile Receivables Trust 2012.850% 08/16/20210.0%
Mexichem SAB de CV4.875% 09/19/20220.0%
Dayton Power & Light Co.3.950% 06/15/20490.0%
CPS Auto Receivables Trust 2018-A2.770% 04/18/20220.0%
Gazprom OAO Via Gaz Capital SA4.950% 02/06/20280.0%
Government National Mortgage Association2.900% 02/16/20530.0%
Santander Drive Auto Receivables Trust 2017-32.760% 12/15/20220.0%
WFRBS Commercial Mortgage Trust0.307% 10/15/20570.0%
Provincia de Buenos Aires, Argentina6.500% 02/15/20230.0%
GS Mortgage Securities Trust4.410% 07/10/20480.0%
CPS Auto Receivables Trust 2018-A3.050% 12/15/20230.0%
Syngenta Finance NV4.441% 04/24/20230.0%
AmeriCredit Automobile Receivables Trust 2015-22.400% 01/08/20210.0%
Republic of Turkey3.250% 03/23/20230.0%
American Credit Acceptance Receivables Trust 2016-6.090% 05/12/20220.0%
Apidos CLO XVI5.303% 01/19/20250.0%
Drive Auto Receivables Trust3.020% 11/15/20210.0%
Carvana Auto Receivables Trust 2019-15.640% 01/15/20260.0%
Perimeter Master Note Business Trust6.020% 12/15/20220.0%
Ascentium Equipment Receivables 2016-2 Trust2.500% 09/12/20220.0%
International Lease Finance Corp.5.875% 08/15/20220.0%
Genesis Sales Finance Master Trust Series 2019-A5.420% 08/20/20230.0%
Turkiye Garanti Bankasi AS6.250% 04/20/20210.0%
Sri Lanka (Democratic Socialist Republic of)6.850% 11/03/20250.0%
TCI-Symphony CLO 2016-1 Ltd4.077% 10/13/20290.0%
Fairstone Financial Issuance Trust I3.948% 03/21/20330.0%
CPS Auto Receivables Trust6.580% 03/15/20220.0%
ACC Trust 2019-16.410% 02/20/20240.0%
Sri Lanka (Democratic Socialist Republic of)6.250% 07/27/20210.0%
Carmax Auto Owner Trust1.390% 05/17/20210.0%
Peru LNG Srl5.375% 03/22/20300.0%
Foursight Capital Automobile Receivables Trust 2013.680% 08/15/20230.0%
Barrick North America Finance LLC7.500% 09/15/20380.0%
Dell International LLC / EMC Corp6.020% 06/15/20260.0%
Fairstone Financial Issuance Trust I6.299% 03/21/20330.0%
OneMain Financial Issuance Trust 2016-1A3.660% 02/20/20290.0%
Chrysler Capital Auto Receivables Trust 2016-A2.880% 06/15/20220.0%
Chrysler Capital Auto Receivables Trust 2016-A3.250% 06/15/20220.0%
Time Warner Cable LLC6.550% 05/01/20370.0%
Energy Transfer Operating LP6.250% 04/15/20490.0%
Daimler Trucks Retail Trust 2018-12.600% 05/15/20200.0%
Grupo de Inversiones Suramericana SA5.500% 04/29/20260.0%
Ascentium Equipment Receivables 2017-1 Trust2.290% 06/10/20210.0%
Flagship Credit Auto Trust 2017-31.880% 10/15/20210.0%
Pertamina Persero PT4.700% 07/30/20490.0%
Enterprise Fleet Financing LLC2.130% 07/20/20220.0%
Morgan Stanley7.250% 04/01/20320.0%
California Republic Auto Receivables Trust2.700% 09/15/20210.0%
Mercedes-Benz Auto Receivables Trust 2016-11.260% 02/16/20210.0%
Popular, Inc.6.125% 09/14/20230.0%
SFAVE Commercial Mortgage Securities Trust3.872% 01/05/20430.0%
Exelon Generation Co. LLC5.600% 06/15/20420.0%
KOC Holding AS5.250% 03/15/20230.0%
Hudsons Bay Simon JV Trust0.541% 08/05/20340.0%
Access Point Funding I 2017-1 LLC3.060% 04/15/20290.0%
Merrill Lynch Mortgage Investors Trust Series6.250% 10/25/20360.0%
Citigroup Commercial Mortgage Trust0.182% 10/10/20470.0%
Fairstone Financial Issuance Trust I7.257% 03/21/20330.0%
Mercedes-Benz Auto Lease Trust 2018-A2.200% 04/15/20200.0%
Energy Transfer Partners LP / Regency Energy Finan5.000% 10/01/20220.0%
Fairstone Financial Issuance Trust I5.084% 03/21/20330.0%
SFAVE Commercial Mortgage Securities Trust4.144% 01/05/20430.0%
Foursight Capital Automobile Receivables Trust 2012.870% 10/15/20210.0%
Romania6.125% 01/22/20440.0%
First Investors Auto Owner Trust 2017-21.860% 10/15/20210.0%
Hudsons Bay Simon JV Trust0.493% 08/05/20340.0%
WFRBS Commercial Mortgage Trust0.974% 05/15/20470.0%
Diamond Resorts Owner Trust3.080% 11/20/20280.0%
New Century Home Equity Loan Trust4.682% 08/25/20350.0%
Sequoia Mortgage Trust 2012-42.069% 09/25/20420.0%
General Electric Co.6.150% 08/07/20370.0%
California Republic Auto Receivables Trust 2017-11.900% 03/15/20210.0%
Nissan Auto Receivables 2016-A Owner Trust1.340% 10/15/20200.0%
Autoridad del Canal de Panama4.950% 07/29/20350.0%
SLM Private Education Loan Trust5.575% 05/16/20440.0%
Government National Mortgage Association2.200% 04/16/20470.0%
COMM Mortgage Trust1.085% 08/10/20470.0%
Ascentium Equipment Receivables 2016-2 Trust1.650% 05/10/20220.0%
OneMain Financial Issuance Trust 2016-25.940% 03/20/20280.0%
Trimble Navigation Ltd.4.900% 06/15/20280.0%
Santander Drive Auto Receivables Trust 2015-42.970% 03/15/20210.0%
GS Mortgage Securities Trust4.520% 11/10/20470.0%
FX USD/EUR 09/190.000% 09/09/20190.0%
JPMBB Commercial Mortgage Securities Trust0.797% 04/15/20470.0%
WFRBS Commercial Mortgage Trust0.573% 05/15/20470.0%
DOMMO ENERGIA SA-SP ADR0.000% -0.0%
JPMBB Commercial Mortgage Securities Trust0.303% 04/15/20470.0%
Afren plc10.250% 04/08/20220.0%
Eneva SA0.000% -0.0%
Federal Home Loan Mortgage Corp.3.500% 04/01/20490.0%
OGX Austria GmbH8.500% 06/01/20190.0%
US 10YR ULTRA FUT SEP190.000% 09/30/20190.0%
US LONG BOND(CBT) SEP190.000% 09/30/20190.0%
US ULTRA BOND CBT SEP190.000% 09/30/20190.0%
US 2YR NOTE (CBT) SEP190.000% 10/03/20190.0%
US 5YR NOTE (CBT) SEP190.000% 10/03/20190.0%
FX USD/MXN 08/190.000% 08/14/20190.0%
FX EUR/USD 09/190.000% 09/09/20190.0%
FX USD/CAD 09/190.000% 09/19/20190.0%
Interest Rate Swap0.000% 06/07/20210.0%
Interest Rate Swap2.404% 04/01/2029-0.1%

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

For
YTD Dividends Paidas of 09/20/2019
$0.227
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 08/31/2019 $0.02418 $10.60
Daily Daily 07/31/2019 $0.02676 $10.44
Daily Daily 06/30/2019 $0.03000 $10.43
Daily Daily 05/31/2019 $0.03073 $10.32
Daily Daily 04/30/2019 $0.02925 $10.20
Daily Daily 03/31/2019 $0.03112 $10.21
Daily Daily 02/28/2019 $0.02676 $10.07
Daily Daily 01/31/2019 $0.02822 $10.09

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 09/30/2019
Daily Daily 10/31/2019
Daily Daily 11/30/2019
Daily Daily 12/31/2019

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
12/15/2016 12/16/2016 - $0.0324 $0.0324 $10.19
*

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. 

Upcoming Capital Gain Distribution

Record Date Ex-Dividend Date
12/17/2019 12/18/2019

Fees & Expenses

Fees & Expenses

Expense Ratioas of 08/31/2019

Fund Gross Expense Ratio Fund Net Expense Ratio
0.48% 0.44%

Expense ratio details, Click here.

Fund Documents

Fund Documents

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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
SAI
Publish Date:11/03/2015
Annual Report
Publish Date:11/03/2015
Semi-Annual Report
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015
Commentary
Publish Date:11/03/2015
Flyer
Publish Date:11/03/2015
Publish Date:11/03/2015

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

1

Dividend Yield is a financial ratio that shows how much a mutual fund pays out in dividends each year relative to value with maximum sales charges and without sales charges. The dividend yield is calculated by annualizing the last dividend and dividing it by the fund’s net asset value with maximum sales charges and without sales charges.

 

2

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.

 

3

The Fund’s Dividend Yield, 12-Month Dividend Yield and 7 Day Yield are shown with and without sales charges and with maximum sales charges. The Fund’s Subsidized Dividend yield takes into account any fee waiver or expense limitation arrangements, if any. Without such fee waivers or expense limitation arrangements, the Fund’s dividend yield would have been lower. Information regarding any fee waivers or expense limitation arrangements applicable to the Fund is provided with the Fund’s expense ratio information.

 

4

The Fund’s Unsubsidized Dividend yield is shown without sales charges and with maximum sales charges. The Fund’s unsubsidized dividend yield reflects what the yield would have been without the effect of fee waivers or expense limitation arrangements.

 

5

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

 

6

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

 

IMPORTANT INFORMATION

 

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 an investment in the Fund will change as interest rates fluctuate in response to market movements. When interest rates rise, the prices of debt securities are likely to decline, and when interest rates fall, the prices of debt securities tend to rise. The Fund may invest in high yield, lower-rated debt securities, sometimes called junk bonds and may involve greater risks than higher rated debt securities. 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 I - SEC Returns reflect performance for Class I shares at Net Asset Value.

Except as noted below, returns with sales charges reflect a maximum sales charge of 2.50%. There are also ongoing 12b-1 service and 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 1.50% if the shares are repurchased 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.

Except as noted below, returns with sales charges reflect a maximum sales charge of 2.50%. There are also ongoing 12b-1 service and 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 1.50% if the shares are repurchased 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 Bloomberg Barclays U.S. Universal Index represents the union of the U.S. Aggregate Index, the U.S. High-Yield Corporate Index, the 144A Index, the Eurodollar Index, the Emerging Markets Index, and the non-ERISA portion of the CMBS Index. Municipal debt, private placements, and non-dollar-denominated issues are excluded from the Universal Index. The only constituent of the index that includes floating-rate debt is the Emerging Markets Index.

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.

 

The Morningstar Intermediate Term Bond Average represents funds that focus on corporate, government, foreign, or other issues with an average duration of greater than or equal to 3.5 years but less than or equal to six years, or an average effective maturity of more than four years but less than 10 years.

 

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.

 

The Net Expense Ratio takes into account a voluntary expense reimbursement arrangement, which may be modified or terminated at any time and without which performance would have been lower.  

 

Fund Expense Ratio Detail: Reflects expenses for the Fund's fiscal year-end and is subject to change. Fund expenses may fluctuate with market volatility. A substantial reduction in Fund assets (since its most recently completed fiscal year), whether caused by market conditions or significant redemptions or both, will likely cause total operating expenses (as a percentage of Fund assets) to become higher than those shown.

 

The net expense ratio for Class I takes into account a contractual fee waiver/expense reimbursement that currently is scheduled to remain in place through 03/31/2020. For periods when fees and expenses were waived and/or reimbursed, the share class benefited by not bearing such expenses. Without such waivers, performance would have been lower.

 

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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