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Total Return Fund

Daily price w/o sales charge as of 04/03/2020

$10.29

$0.00

YTD Returns w/o sales charge as of 04/03/2020

-1.18%

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 04/03/2020  

  Subsidized3 Un-Subsidized4
w/o sales charge 3.21% 3.17%

30-Day Standardized Yield 2 as of 02/29/2020  

  Subsidized3 Un-Subsidized4
w/o sales charge 2.27% 2.23%

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

Fund Basicsas of 02/28/2020

Total Net Assets
$4.27 B
Inception Date
12/14/1998
Dividend Frequency
Monthly
Fund Gross Expense Ratio
0.48%
Fund Net Expense Ratio
0.44%
Number of Holdings
564
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 These investment minimums may be suspended, changed, or withdrawn by Lord Abbett Distributor LLC ("Lord Abbett Distributor").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 -1.11% 3.95% 3.11% 2.53% 3.97% 5.27%
Lipper Category Avg. Core Bond Funds - - - - - -
Bloomberg Barclays U.S. Aggregate Bond Index 3.15% 8.93% 4.82% 3.36% 3.88% 4.82%

Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.

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 -1.11% 3.95% 3.11% 2.53% 3.97% 5.27%
Lipper Category Avg. Core Bond Funds - - - - - -
Bloomberg Barclays U.S. Aggregate Bond Index 3.15% 8.93% 4.82% 3.36% 3.88% 4.82%

Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.

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
U.S. Government Related
MBS
Investment Grade Corporate
ABS
Sovereign
High Yield Corporate
CMBS
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 02/28/2020 View Portfolio

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

26 Years of Industry Experience

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

Partner & Portfolio Manager

22 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Director of Taxable Fixed Income

19 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Chief Investment Officer

29 Years of Industry Experience

Supported By 64 Investment Professionals with 16 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 04/03/2020  

  Subsidized3 Un-Subsidized4
w/o sales charge 3.21% 3.17%

30-Day Standardized Yield 2 as of 02/29/2020  

  Subsidized5 Un-Subsidized6
w/o sales charge 2.27% 2.23%

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 -1.11% 3.95% 3.11% 2.53% 3.97% 5.27%
Lipper Category Avg. Core Bond Funds - - - - - -
Bloomberg Barclays U.S. Aggregate Bond Index 3.15% 8.93% 4.82% 3.36% 3.88% 4.82%

Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.

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 -1.11% 3.95% 3.11% 2.53% 3.97% 5.27%
Lipper Category Avg. Core Bond Funds - - - - - -
Bloomberg Barclays U.S. Aggregate Bond Index 3.15% 8.93% 4.82% 3.36% 3.88% 4.82%

Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.

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. Aggregate Bond Index
2019 8.56% 8.72%
2018 -0.60% 0.01%
2017 3.93% 3.54%
2016 4.25% 2.65%
2015 -0.44% 0.55%
2014 6.33% 5.97%
2013 -1.19% -2.02%
2012 7.93% 4.22%
2011 7.40% 7.84%
2010 7.92% 6.54%
2009 16.07% -
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% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2020 -1.11% - - - -1.16%
2019 3.28% 3.05% 1.72% 0.28% 8.56%
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
U.S. Government Related
MBS
Investment Grade Corporate
ABS
Sovereign
High Yield Corporate
CMBS
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 02/28/2020

Rating Assets
U.S. Treasury
Agency
AAA
AA
A
BBB
<BBB
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 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 12/31/2019

  • Over the quarter, we decreased the portfolio’s allocation to corporate credit – both investment-grade and high yield – given softer economic data and tighter spreads.
  • We reallocated proceeds from sales within corporate credit and increased the portfolio’s allocation to sectors in the fixed income market which we believe had better relative value in the face of corporate spread tightening– namely commercial mortgage-backed securities (CMBS), asset-backed securities (ABS), and collateralized loan obligations (CLO).
  • Our team favors SASB (single-asset / single-borrower) CMBS deals across the credit spectrum, which have had strong underwriting and, in some cases, lower spread volatility, than conduit deals.
  • In addition, we continue to favor the liquidity that ABS provide, and have found unique pockets of relative value and appealing risk-adjusted spread, primarily in credit card and auto-related ABS.
  • We continue to emphasize liquidity and flexibility within the portfolio and are tactically adjusting risk exposure to favor asset classes that we believe offer the best risk-adjusted carry opportunities and that have lagged within the recent spread tightening.

Portfolio Details as of 02/28/2020

Total Net Assets
$4.27 B
Number of Issues
564
Average Coupon
3.15%
Average Life
7.34 Years
Average Effective Duration
5.81 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 MAR 3.500% 06/01/2049 14.1%
U.S. Treasury Note/Bond 1.375% 01/31/2022 6.9%
United States Treasury Bill 0.000% 05/07/2020 6.7%
30-YR UMBS-TBA PROD APR 3.000% 05/01/2049 6.1%
Japan Treasury Discount Bill 0.000% 04/13/2020 5.0%
U.S. Treasury Note/Bond 2.500% 01/31/2021 4.2%
U.S. Treasury Note/Bond 1.125% 02/28/2025 3.6%
U.S. Treasury Note/Bond 2.000% 02/15/2050 2.9%
30-YR GNMA II-TBA PROD MAR 3.500% 05/01/2049 2.7%
U.S. Treasury Note/Bond 1.500% 02/15/2030 2.4%
% of Total Assets 54.6%
Holding Coupon Maturity Assets
30-YR UMBS-TBA PROD MAR3.500% 06/01/204913.6%
U.S. Treasury Note/Bond1.375% 01/31/20226.7%
United States Treasury Bill0.000% 05/07/20206.4%
30-YR UMBS-TBA PROD APR3.000% 05/01/20495.9%
Japan Treasury Discount Bill0.000% 04/13/20204.9%
U.S. Treasury Note/Bond2.500% 01/31/20214.1%
U.S. Treasury Note/Bond1.125% 02/28/20253.5%
U.S. Treasury Note/Bond2.000% 02/15/20502.8%
30-YR GNMA II-TBA PROD MAR3.500% 05/01/20492.6%
U.S. Treasury Note/Bond1.500% 02/15/20302.4%
U.S. Treasury Note/Bond2.750% 11/15/20472.3%
TD Securities (USA) LLC0.010% -2.2%
United States Treasury Bill0.000% 03/26/20202.1%
U.S. Treasury Note0.625% 04/15/20232.0%
U.S. Treasury Note/Bond3.625% 08/15/20431.8%
U.S. Treasury Note/Bond1.125% 02/28/20221.4%
J.P.Morgan Securities LLC0.010% -1.2%
JPMorgan Chase & Co.3.782% 02/01/20280.7%
Bank of America Corp.3.593% 07/21/20280.7%
American Express Credit Account Master Trust1.770% 11/15/20220.6%
Drive Auto Receivables Trust5.300% 07/15/20240.6%
Japan Bank for International Cooperation/Japan2.125% 02/10/20250.6%
Santander Drive Auto Receivables Trust 2015-44.540% 11/15/20220.5%
Toronto-Dominion Bank3.625% 09/15/20310.5%
Cox Communications, Inc.8.375% 03/01/20390.4%
Synchrony Credit Card Master Note Trust2.370% 03/15/20230.4%
VEREIT Operating Partnership L.P.4.875% 06/01/20260.4%
Japan Bank for International Cooperation/Japan2.500% 05/23/20240.4%
Santander Drive Auto Receivables Trust 2016-24.380% 09/15/20230.4%
ENI SpA5.700% 10/01/20400.4%
Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worl4.700% 02/01/20360.4%
Nvent Finance Sarl4.550% 04/15/20280.4%
Morgan Stanley4.000% 07/23/20250.4%
Santander Drive Auto Receivables Trust 2016-15.020% 06/15/20230.3%
SCF Equipment Leasing 2019-1 LLC3.920% 11/20/20260.3%
ME Funding LLC 2019-16.448% 07/30/20490.3%
Catholic Health Initiatives3.347% 10/01/20290.3%
EPR Properties4.950% 04/15/20280.3%
BAT Capital Corp4.390% 08/15/20370.3%
Federal National Mortgage Assoc.4.000% 01/01/20480.3%
General Motors Co.6.600% 04/01/20360.3%
Wells Fargo Bank, N.A.5.850% 02/01/20370.3%
Broadcom Corp. / Broadcom Cayman Finance Ltd.3.875% 01/15/20270.3%
Anglo American Capital plc4.750% 04/10/20270.3%
Ford Motor Co.7.450% 07/16/20310.3%
AT&T, Inc.6.250% 03/29/20410.3%
COMM 2014-UBS4 Mortgage Trust4.706% 08/10/20470.3%
Wells Fargo Bank, N.A.6.600% 01/15/20380.3%
Kayne CLO 7 Ltd0.000% 04/17/20330.3%
Macquarie Group Ltd.4.654% 03/27/20290.3%
Shackleton 2019-XIV Clo Ltd3.719% 07/20/20300.3%
Government National Mortgage Association2.700% 08/16/20580.3%
Anglo American Capital plc4.000% 09/11/20270.3%
Benefit Street Partners CLO IV Ltd3.069% 01/20/20290.3%
Teachers Insurance & Annuity Association of Americ4.900% 09/15/20440.3%
Federal Home Loan Mortgage Corp.4.000% 10/01/20490.3%
Republic of Indonesia3.400% 09/18/20290.3%
Baker Hughes a GE Co LLC / Baker Hughes Co-Obligor4.080% 12/15/20470.3%
AerCap Ireland Capital Ltd.3.500% 01/15/20250.2%
UBS AG Registered Shares5.125% 05/15/20240.2%
Royal Caribbean Cruises Ltd.3.700% 03/15/20280.2%
Morgan Stanley3.625% 01/20/20270.2%
Ally Auto Receivables Trust 2019-41.930% 10/17/20220.2%
Great Wolf Trust 2019-WOLF2.693% 12/15/20360.2%
Dell International LLC / EMC Corp.8.350% 07/15/20460.2%
Honda Auto Receivables 2019-1 Owner Trust2.750% 09/20/20210.2%
COMM 2015-DC1 Mortgage Trust4.311% 02/10/20480.2%
Ecopetrol S.A.4.125% 01/16/20250.2%
ALM VII Ltd3.681% 07/15/20290.2%
UBS AG7.625% 08/17/20220.2%
Entergy Louisiana LLC4.000% 03/15/20330.2%
Citigroup, Inc.3.980% 03/20/20300.2%
BX Trust 2018-GW2.459% 05/15/20350.2%
Glencore Finance Canada Ltd.5.550% 10/25/20420.2%
SCF Equipment Leasing 2019-2 LLC2.760% 08/20/20260.2%
Dominion Gas Holdings LLC4.600% 12/15/20440.2%
CNAC HK Finbridge Co Ltd4.125% 07/19/20270.2%
Tralee CLO III Ltd2.849% 10/20/20270.2%
JP Morgan Chase Commercial Mortgage Securities Tru2.659% 06/15/20320.2%
CVS Caremark Corp.5.050% 03/25/20480.2%
BX Trust 2019-OC113.202% 12/09/20410.2%
Citigroup, Inc.2.666% 01/29/20310.2%
WEA Finance LLC2.875% 01/15/20270.2%
Berkshire Hathaway Energy Co.3.800% 07/15/20480.2%
Petroleos Mexicanos5.350% 02/12/20280.2%
Government National Mortgage Association2.600% 06/16/20570.2%
Oracle Corp.6.125% 07/08/20390.2%
Emera US Finance L.P.4.750% 06/15/20460.2%
World Omni Automobile Lease Securitization Trust 22.830% 07/15/20210.2%
Hardee's Funding LLC4.959% 06/20/20480.2%
Ford Credit Floorplan Master Owner Trust A2.390% 08/15/20220.2%
Perimeter Master Note Business Trust4.310% 12/15/20220.2%
SLC Student Loan Trust 2008-13.494% 12/15/20320.2%
Ausgrid Finance Pty Ltd4.350% 08/01/20280.2%
JBS USA LUX SA / JBS USA Food Co / JBS USA Finance6.500% 04/15/20290.2%
COMM Mortgage Trust4.435% 07/10/20500.2%
Wells Fargo Commercial Mortgage Trust4.110% 05/15/20480.2%
JP Morgan Chase Commercial Mortgage Securities Tru2.918% 07/05/20330.2%
Morgan Stanley3.875% 01/27/20260.2%
Citigroup Commercial Mortgage Trust 2016-GC362.850% 02/10/20490.2%
Valero Energy Corp.10.500% 03/15/20390.2%
American Credit Acceptance Receivables Trust 2019-3.050% 05/12/20230.2%
Marble Point CLO XVII Ltd0.000% 04/20/20330.2%
Phosagro OAO via Phosagro Bond Funding Ltd3.949% 04/24/20230.2%
Tencent Holdings Ltd.3.595% 01/19/20280.2%
SCF Equipment Leasing 2019-2 LLC3.110% 06/21/20270.2%
HCA, Inc.5.250% 06/15/20260.2%
JP Morgan Chase Commercial Mortgage Securities Tru2.959% 06/15/20320.2%
China Evergrande Group10.000% 04/11/20230.2%
Coty, Inc.6.500% 04/15/20260.2%
FirstEnergy Transmission LLC4.550% 04/01/20490.2%
TPG Real Estate Finance 2018-FL2 Issuer LTD2.867% 11/15/20370.2%
Saudi Arabian Oil Co2.875% 04/16/20240.2%
Navient Corp.5.000% 03/15/20270.2%
Mountain View CLO 2017-1 LLC0.000% 10/16/20290.2%
Orec 2018-CRE1 Ltd2.838% 06/15/20360.2%
Michigan Fin Auth3.084% 12/01/20340.2%
World Financial Network Credit Card Master Trust2.660% 08/15/20240.2%
Octagon Investment Partners 29 Ltd0.000% 01/24/20330.2%
Listrindo Capital BV4.950% 09/14/20260.2%
JD.com, Inc.3.375% 01/14/20300.2%
Santander UK plc7.950% 10/26/20290.2%
DBWF 2018-GLKS Mortgage Trust2.677% 11/19/20350.2%
Bank of America Corp.3.970% 03/05/20290.2%
Sabine Pass Liquefaction LLC5.875% 06/30/20260.1%
AerCap Ireland Capital Ltd.3.875% 01/23/20280.1%
Capital Auto Receivables Asset Trust 2018-12.790% 01/20/20220.1%
Petroleos Mexicanos4.500% 01/23/20260.1%
Flagship Credit Auto Trust 2018-33.070% 02/15/20230.1%
Global Aircraft Leasing Co Ltd6.500% 09/15/20240.1%
Mattel, Inc.6.750% 12/31/20250.1%
Hardee's Funding LLC5.710% 06/20/20480.1%
Globo Comunicacao e Participacoes SA4.875% 01/22/20300.1%
Drive Auto Receivables Trust 2017-15.170% 09/16/20240.1%
Massachusetts Sch Bldg Auth3.395% 10/15/20400.1%
Qatar Government International Bond3.250% 06/02/20260.1%
Wyndham Worldwide Corp.5.750% 04/01/20270.1%
Netflix, Inc.6.375% 05/15/20290.1%
Kenya Government International Bond7.000% 05/22/20270.1%
Government National Mortgage Association2.900% 11/16/20550.1%
Healthcare Trust of America Holdings LP3.100% 02/15/20300.1%
Navicure Inc5.603% 09/18/20260.1%
Helix Gen Funding, LLC5.353% 06/03/20240.1%
TransDigm, Inc.6.375% 06/15/20260.1%
Sunac China Holdings Ltd7.875% 02/15/20220.1%
Forterra, Inc.4.603% 10/25/20230.1%
Goldman Sachs Group, Inc.6.250% 02/01/20410.1%
Time Warner Entertainment Co. L.P.8.375% 07/15/20330.1%
BSPRT 2018-FL4 Issuer Ltd2.708% 09/15/20350.1%
Prosus NV5.500% 07/21/20250.1%
Spirit Realty LP3.400% 01/15/20300.1%
ProAmpac PG Borrower LLC5.210% 11/20/20230.1%
Entergy Arkansas, Inc.4.200% 04/01/20490.1%
Wingstop Funding 2018-1 LLC4.970% 12/05/20480.1%
Centene Corp.3.375% 02/15/20300.1%
Carlisle Cos., Inc.2.750% 03/01/20300.1%
CSMC 2020-AFC1 Trust2.240% 02/25/20500.1%
Neuberger Berman Group LLC4.875% 04/15/20450.1%
Madison Park Funding XXXVI Ltd3.750% 01/15/20330.1%
Carnival plc7.875% 06/01/20270.1%
Avid Automobile Receivables Trust 2019-12.620% 02/15/20240.1%
South Carolina Electric & Gas Co.6.050% 01/15/20380.1%
Laredo Petroleum Holdings, Inc.9.500% 01/15/20250.1%
Statoil ASA7.150% 11/15/20250.1%
Sound Point Clo XII Ltd4.419% 10/20/20280.1%
Longtrain Leasing III LLC 2015-14.060% 01/15/20450.1%
Government National Mortgage Association2.900% 02/16/20490.1%
Exelon Generation Co. LLC5.750% 10/01/20410.1%
Jamestown CLO IX Ltd4.469% 10/20/20280.1%
Oztel Holdings SPC Ltd6.625% 04/24/20280.1%
Bank of America Corp.4.000% 01/22/20250.1%
KVK CLO 2016-1 Ltd4.981% 01/15/20290.1%
Guatemala Government Bond4.875% 02/13/20280.1%
Avery Point VII CLO Ltd3.581% 01/15/20280.1%
CSAIL 2019-C18 Commercial Mortgage Trust3.321% 12/15/20520.1%
Capital Auto Receivables Asset Trust 2018-23.690% 12/20/20230.1%
Empresa Nacional del Petroleo3.750% 08/05/20260.1%
PSEG Power LLC8.625% 04/15/20310.1%
Flagship Credit Auto Trust 2018-33.590% 12/16/20240.1%
Petrobras Global Finance BV5.093% 01/15/20300.1%
CBB International Sukuk Co 6 Spc5.250% 03/20/20250.1%
Advocate Health & Hospitals Corp3.387% 10/15/20490.1%
Conn's Receivables Funding 2017-B LLC5.950% 11/15/20220.1%
Republic of Turkey4.250% 04/14/20260.1%
Leidos, Inc.7.125% 07/01/20320.1%
SURA Asset Management SA4.375% 04/11/20270.1%
Aqua America, Inc.3.566% 05/01/20290.1%
CF Trust 2019-BOSS4.909% 12/15/20210.1%
Towd Point Asset Trust 2018-SL12.227% 01/25/20460.1%
Permanent Univ Fnd - Texas A&M Univ Sys3.660% 07/01/20470.1%
PFP 2019-6 Ltd2.700% 04/14/20370.1%
Wells Fargo Commercial Mortgage Trust4.285% 07/15/20460.1%
Palmer Square Loan Funding 2018-1 Ltd2.431% 04/15/20260.1%
Citigroup, Inc.4.450% 09/29/20270.1%
JP Morgan Chase Commercial Mortgage Securities Tru3.759% 06/15/20320.1%
JFIN CLO 2014 Ltd3.269% 04/21/20250.1%
Northwoods Capital 20 Ltd6.151% 01/25/20300.1%
Angolan Government International Bond9.500% 11/12/20250.1%
Foothill-Eastern Transp Corridor Agy, CA4.094% 01/15/20490.1%
Government National Mortgage Association2.750% 02/16/20580.1%
CSAIL 2016-C7 Commercial Mortgage Trust4.387% 11/15/20490.1%
Jamestown CLO VII Ltd.4.394% 07/25/20270.1%
Pennsylvania Electric Co.3.600% 06/01/20290.1%
GS Mortgage Securities Corp Trust 2018-RIVR2.609% 07/15/20350.1%
Radian Group, Inc.4.875% 03/15/20270.1%
MHP Lux SA6.250% 09/19/20290.1%
Buckeye Partners L.P.6.375% 01/22/20780.1%
Hudsons Bay Simon JV Trust4.666% 08/05/20340.1%
SCF Equipment Leasing 2018-1 LLC3.630% 10/20/20240.1%
Chobani LLC / Chobani Finance Corp Inc7.500% 04/15/20250.1%
DISH DBS Corp.7.750% 07/01/20260.1%
CF Industries, Inc.4.950% 06/01/20430.1%
Mountain View CLO X Ltd3.198% 10/13/20270.1%
PayPal Holdings, Inc.2.850% 10/01/20290.1%
Banco do Brasil SA4.625% 01/15/20250.1%
Sprint Capital Corp.6.875% 11/15/20280.1%
CSMC Series 2019-UVIL3.160% 12/15/20410.1%
Genesis Sales Finance Master Trust Series 2019-A4.680% 08/20/20230.1%
United Mexican States, MTN3.750% 01/11/20280.1%
Radiology Partners Inc9.250% 02/01/20280.1%
Aegea Finance Sarl5.750% 10/10/20240.1%
BBCMS 2019-BWAY Mortgage Trust2.615% 11/25/20340.1%
Surgery Center Holdings, Inc.10.000% 04/15/20270.1%
Kennametal, Inc.4.625% 06/15/20280.1%
Scripps Escrow Inc5.875% 07/15/20270.1%
Textainer Marine Containers VII Ltd3.960% 04/20/20440.1%
CNAC HK Finbridge Co Ltd3.500% 07/19/20220.1%
Drive Auto Receivables Trust4.530% 08/15/20230.1%
Planet Fitness Master Issuer LLC3.858% 12/05/20490.1%
Tesla Motors, Inc.5.300% 08/15/20250.1%
JPMorgan Chase & Co.3.540% 05/01/20280.1%
Toll Brothers Finance Corp.4.350% 02/15/20280.1%
Ally Financial, Inc.8.000% 11/01/20310.1%
GUSAP III LP4.250% 01/21/20300.1%
Airxcel, Inc.6.103% 04/28/20250.1%
BMW Vehicle Lease Trust 2019-12.790% 03/22/20210.1%
Neuberger Berman Group LLC4.500% 03/15/20270.1%
Kraft Heinz Foods Co.4.375% 06/01/20460.1%
TCF Auto Receivables Owner Trust 2016-PT12.920% 10/17/20220.1%
Penn National Gaming, Inc.5.625% 01/15/20270.1%
Optiv Sec, Inc.4.853% 02/01/20240.1%
Oasis Petroleum, Inc.6.875% 03/15/20220.1%
BWAY Holding Co.7.250% 04/15/20250.1%
Century Communities, Inc.6.750% 06/01/20270.1%
MPH Acquisition Holdings LLC7.125% 06/01/20240.1%
Freeport-McMoRan, Inc.4.125% 03/01/20280.1%
Spectra Energy Partners L.P.2.827% 06/05/20200.1%
Fibria Overseas Finance Ltd.4.000% 01/14/20250.1%
CCO Holdings LLC / CCO Holdings Capital Corp.5.000% 02/01/20280.1%
Panther BF Aggregator 2 LP / Panther Finance Co In8.500% 05/15/20270.1%
Warrior Met Coal Inc8.000% 11/01/20240.1%
United Natural Foods Inc5.853% 10/22/20250.1%
Nigeria Government International Bond6.375% 07/12/20230.1%
Hayward Acquisition Corp.5.103% 08/05/20240.1%
Chinalco Capital Holdings Ltd4.000% 08/25/20210.1%
Great Wolf Trust 2019-WOLF4.391% 12/15/20360.1%
MEDNAX, Inc.6.250% 01/15/20270.1%
Cemex, S.A.B. de C.V.5.450% 11/19/20290.1%
Greenko Solar Mauritius Ltd5.950% 07/29/20260.1%
Navient Private Education Refi Loan Trust 2018-D4.000% 12/15/20590.1%
Cedar Funding VI CLO Ltd3.419% 10/20/20280.1%
Indika Energy Capital III Pte Ltd5.875% 11/09/20240.1%
Verus Securitization Trust 2020-12.417% 01/25/20600.1%
Enviva Partners LP / Enviva Partners Finance Corp6.500% 01/15/20260.1%
Egypt Government International Bond6.588% 02/21/20280.1%
Banco de Credito e Inversiones3.500% 10/12/20270.1%
California7.625% 03/01/20400.1%
ViaSat, Inc.5.625% 04/15/20270.1%
Northwoods Capital 20 Ltd4.701% 01/25/20300.1%
UBS-BAMLL Trust4.238% 06/10/20300.1%
Government National Mortgage Association2.700% 07/16/20570.1%
Scientific Games International, Inc.7.250% 11/15/20290.1%
CPS Auto Receivables Trust 2019-B5.000% 03/17/20250.1%
COMM Mortgage Trust4.290% 07/10/20500.1%
ReadyCap Commercial Mortgage Trust 2019-62.833% 10/25/20520.1%
Sound Point CLO XI Ltd.2.919% 07/20/20280.1%
Centennial Resource Production LLC6.875% 04/01/20270.1%
Griffon Corp.5.750% 03/01/20280.1%
MEG Energy Corp.7.000% 03/31/20240.1%
Sound Point Clo XV Ltd4.306% 01/23/20290.1%
Massachusetts Electric Co.4.004% 08/15/20460.1%
Viking Cruises Ltd.5.875% 09/15/20270.1%
Time Warner Cable LLC7.300% 07/01/20380.1%
Hudsons Bay Simon JV Trust5.159% 08/05/20340.1%
Chesapeake Funding II LLC1.910% 08/15/20290.1%
Honduras Government International Bond6.250% 01/19/20270.1%
Intelsat Jackson Holdings SA5.500% 08/01/20230.1%
Angolan Government International Bond8.250% 05/09/20280.1%
VTR Finance B.V.6.875% 01/15/20240.1%
Starwood Mortgage Residential Trust 2020-12.275% 02/25/20500.1%
Government of Jamaica6.750% 04/28/20280.1%
Wells Fargo Commercial Mortgage Trust 2017-C413.785% 11/15/20500.1%
ZF North America Capital, Inc.4.750% 04/29/20250.1%
Atrium Hotel Portfolio Trust 2018-ATRM2.609% 06/15/20350.1%
Drive Auto Receivables Trust 2019-32.630% 09/15/20220.1%
Foursight Capital Automobile Receivables Trust 2013.240% 09/15/20220.1%
Baidu, Inc.3.500% 11/28/20220.1%
Transocean, Inc.7.250% 11/01/20250.1%
Americredit Automobile Receivables Trust 2019-11.918% 06/20/20220.1%
Deephaven Residential Mortgage Trust 2020-12.339% 01/25/20600.1%
Government National Mortgage Association2.750% 02/16/20580.1%
J.P. Morgan Chase Commercial Mortgage SecuritiesTr2.697% 11/15/20350.1%
Cleco Corp.4.973% 05/01/20460.1%
Oglethorpe Power Corp.5.950% 11/01/20390.1%
Latam Finance Ltd.7.000% 03/01/20260.1%
Brightsphere Investment Group Inc4.800% 07/27/20260.1%
MMC Norilsk Nickel OJSC via MMC Finance Ltd.4.100% 04/11/20230.1%
Verizon Communications, Inc.3.010% 05/15/20250.1%
Bermuda Government International Bond3.717% 01/25/20270.1%
MEG Energy Corp.7.125% 02/01/20270.1%
Shackleton 2016-IX CLO Ltd3.719% 10/20/20280.1%
Minerva Luxembourg SA5.875% 01/19/20280.1%
Dominican Republic International Bond6.400% 06/05/20490.1%
Affiliated Managers Group, Inc.3.500% 08/01/20250.1%
Shimao Property Holdings Ltd.4.750% 07/03/20220.1%
Ahern Rentals, Inc.7.375% 05/15/20230.1%
Cleco Corp.3.375% 09/15/20290.1%
DRB Prime Student Loan Trust3.200% 01/25/20400.1%
JP Morgan Chase Commercial Mortgage Securities Tru4.950% 07/05/20330.1%
Longfor Properties Co. Ltd.4.500% 01/16/20280.1%
Madison Park Funding XXXVI Ltd2.600% 01/15/20330.1%
PFS Financing Corp.3.080% 02/15/20230.1%
Bahamas Government International Bond6.000% 11/21/20280.1%
Americredit Automobile Receivables Trust 2019-12.930% 06/20/20220.1%
Cox Communications, Inc.4.700% 12/15/20420.1%
ACC Trust 2019-14.470% 10/20/20220.1%
Regatta VI Funding Ltd3.869% 07/20/20280.1%
Bank of America Corp.3.950% 04/21/20250.1%
El Paso Electric Co.5.000% 12/01/20440.1%
China Railway Resources Huitung Ltd.3.850% 02/05/20230.1%
CARLYLE US CLO 2019-4 LTD5.878% 01/15/20330.1%
CPS Auto Receivables Trust 2018-B4.260% 03/15/20240.1%
Signature Aviation US Holdings Inc4.000% 03/01/20280.1%
Northern Natural Gas4.300% 01/15/20490.1%
Government National Mortgage Association2.700% 04/16/20570.1%
CSMC Trust4.373% 09/15/20370.1%
Republic of Turkey3.250% 03/23/20230.1%
COMM Mortgage Trust4.435% 07/10/20500.1%
Palmer Square Loan Funding 2018-1 Ltd2.881% 04/15/20260.1%
Government National Mortgage Association2.600% 07/16/20580.1%
Drive Auto Receivables Trust4.160% 05/15/20240.1%
SM Energy Co.6.750% 09/15/20260.1%
AbbVie, Inc.4.250% 11/21/20490.1%
Wells Fargo Commercial Mortgage Trust 2016-NXS54.971% 01/15/20590.1%
Export Credit Bank of Turkey8.250% 01/24/20240.1%
Qatar Government International Bond5.103% 04/23/20480.1%
Wells Fargo Commercial Mortgage Trust 2016-C354.176% 07/15/20480.1%
Bayer Corp6.650% 02/15/20280.1%
Kaisa Group Holdings Ltd.11.950% 10/22/20220.1%
PVH Corp.7.750% 11/15/20230.1%
Republic of Turkey5.750% 03/22/20240.1%
Massachusetts Educational Financing Authority2.744% 04/25/20380.1%
Hecla Mining Co.7.250% 02/15/20280.1%
JPMBB Commercial Mortgage Securities Trust4.269% 07/15/20480.1%
Abu Dhabi Crude Oil Pipeline LLC4.600% 11/02/20470.1%
MHP Lux SA6.950% 04/03/20260.1%
Americredit Automobile Receivables Trust 2018-22.860% 11/18/20210.1%
Berry Petroleum Co.7.000% 02/15/20260.1%
Avery Point VII CLO Ltd4.281% 01/15/20280.1%
Country Garden Holdings Co. Ltd.4.750% 09/28/20230.1%
AerCap Ireland Capital Ltd.4.875% 01/16/20240.1%
GCAT 2019-NQM2 Trust2.247% 01/25/20600.1%
First Investors Auto Owner Trust2.410% 12/15/20220.1%
Akbank TAS5.000% 10/24/20220.1%
Cheniere Corpus Christi Holdings LLC3.700% 11/15/20290.1%
JP Morgan Chase Commercial Mortgage Securities Tru2.618% 07/05/20330.1%
South Carolina Electric & Gas Co.6.625% 02/01/20320.1%
California7.300% 10/01/20390.1%
Arcor6.000% 07/06/20230.1%
Univ of California Bd of Regents3.006% 05/15/20500.1%
JP Morgan Chase Commercial Mortgage Securities Tru4.549% 07/05/20330.1%
Adventist Health System/West2.952% 03/01/20290.1%
California Hlth Facs Fing Auth3.034% 06/01/20340.1%
TRI Pointe Homes LLC5.250% 06/01/20270.1%
General Electric Co.6.150% 08/07/20370.1%
Bahamas Government International Bond6.950% 11/20/20290.1%
Benefit Street Partners CLO XIX Ltd5.648% 01/15/20330.1%
Sri Lanka (Democratic Socialist Republic of)6.850% 11/03/20250.1%
ALM VII Ltd5.381% 07/15/20290.1%
Angel Oak Mortgage Trust 2020-12.466% 12/25/20590.1%
Perimeter Master Note Business Trust8.060% 12/15/20220.1%
Republic of Turkey5.250% 03/13/20300.1%
Bank of America Corp.4.450% 03/03/20260.1%
Elm CLO 2014-1 Ltd3.006% 01/17/20290.1%
Federal Home Loan Mortgage Corp.2.220% 02/25/20320.1%
Ecopetrol S.A.5.875% 05/28/20450.1%
Quality Distribution, Inc.10.445% 08/18/20230.1%
Kinross Gold Corp.5.950% 03/15/20240.1%
Mercedes-Benz Auto Lease Trust 2018-B3.040% 12/15/20200.1%
CPS Auto Trust3.430% 07/15/20220.1%
Palmer Square Loan Funding 2018-1 Ltd3.231% 04/15/20260.1%
Adani Ports & Special Economic Zone Ltd4.000% 07/30/20270.1%
Latvia Government International Bond5.250% 06/16/20210.1%
Provincia de Mendoza Argentina8.375% 05/19/20240.1%
Pepperdine University3.301% 12/01/20590.1%
Newell Rubbermaid, Inc.5.625% 04/01/20360.1%
OHA Loan Funding Ltd.4.342% 11/15/20320.1%
Pakistan Government International Bond6.875% 12/05/20270.1%
New Residential Mortgage Loan Trust 2020-NQM12.464% 01/26/20600.0%
Performance Food Group, Inc.5.500% 10/15/20270.0%
Kaisa Group Holdings Ltd.9.375% 06/30/20240.0%
COMM 2016-COR1 Mortgage Trust3.494% 10/10/20490.0%
Emirates Semb Corp Water & Power Co PJSC4.450% 08/01/20350.0%
Navient Corp.6.750% 06/25/20250.0%
JB y Co SA de CV3.750% 05/13/20250.0%
Brand Energy & Infrastructure Services Inc8.500% 07/15/20250.0%
Valeant Pharmaceuticals International, Inc.5.000% 01/30/20280.0%
Boyd Gaming Corp.4.750% 12/01/20270.0%
Regatta XVI Funding Ltd5.803% 01/15/20330.0%
Flagship Credit Auto Trust 2017-32.590% 07/15/20220.0%
Tronox Inc6.500% 04/15/20260.0%
Springleaf Finance Corp.5.375% 11/15/20290.0%
Avery Point CLO Ltd.3.394% 04/25/20260.0%
Republic of Costa Rica5.625% 04/30/20430.0%
Westgate Resorts 2018-1 LLC3.380% 12/20/20310.0%
Neuberger Berman Loan Advisers CLO 35 Ltd5.603% 01/19/20330.0%
Stars Group Holdings BV / Stars Group US Co-Borrow7.000% 07/15/20260.0%
Valeant Pharmaceuticals International, Inc.9.250% 04/01/20260.0%
Nigeria Government International Bond7.143% 02/23/20300.0%
Diebold, Inc.8.500% 04/15/20240.0%
Tenet Healthcare Corp.6.250% 02/01/20270.0%
Gray Television, Inc.7.000% 05/15/20270.0%
United Rentals, Inc.4.875% 01/15/20280.0%
Match Group, Inc.5.625% 02/15/20290.0%
Galaxy XXI CLO Ltd2.839% 04/20/20310.0%
Dell International LLC / EMC Corp.5.450% 06/15/20230.0%
QEP Resources, Inc.5.625% 03/01/20260.0%
Qtel International Finance Ltd.3.750% 06/22/20260.0%
AMC Networks, Inc.4.750% 08/01/20250.0%
Minejesa Capital BV4.625% 08/10/20300.0%
Lithia Motors, Inc.4.625% 12/15/20270.0%
Regatta XVI Funding Ltd4.603% 01/15/20330.0%
Promontoria Holding 264 BV6.750% 08/15/20230.0%
Empresas Publicas de Medellin ESP4.250% 07/18/20290.0%
Pertamina Persero PT5.625% 05/20/20430.0%
Wheels SPV 2 LLC3.060% 04/20/20270.0%
BBCMS 2019-BWAY Mortgage Trust2.969% 11/25/20340.0%
Diamond Resorts Owner Trust4.110% 10/22/20290.0%
Foursight Capital Automobile Receivables Trust 2013.530% 04/17/20230.0%
Avid Automobile Receivables Trust 2019-12.820% 07/15/20260.0%
General Electric Co.2.271% 05/05/20260.0%
Genesis Sales Finance Master Trust Series 2019-A6.880% 08/20/20230.0%
California Republic Auto Receivables Trust 2017-12.910% 12/15/20220.0%
COMM Mortgage Trust4.435% 07/10/20500.0%
Sinopec Group Overseas Development 2013 Ltd.4.375% 10/17/20230.0%
Aston Martin Capital Holdings Ltd6.500% 04/15/20220.0%
Front Range BidCo Inc6.125% 03/01/20280.0%
Yuzhou Properties Co. Ltd.6.000% 10/25/20230.0%
First Investors Auto Owner Trust 2018-23.230% 12/15/20220.0%
Carrier Global Corp3.577% 04/05/20500.0%
Benefit Street Partners CLO XIX Ltd4.448% 01/15/20330.0%
Pennsylvania5.350% 05/01/20300.0%
ACC Trust 2018-14.820% 05/20/20210.0%
Dominican Republic International Bond6.500% 02/15/20480.0%
Palmer Square Loan Funding 2018-5 Ltd3.219% 01/20/20270.0%
Adient US LLC7.000% 05/15/20260.0%
Pelabuhan Indonesia III Persero PT4.500% 05/02/20230.0%
Egypt Government International Bond7.903% 02/21/20480.0%
New York and Presbyterian Hospital/The3.954% 08/01/21190.0%
Enterprise Fleet Financing LLC2.870% 10/20/20230.0%
Prosus NV3.680% 01/21/20300.0%
Chesapeake Funding II LLC1.990% 05/15/20290.0%
Citgo Holding, Inc.9.250% 08/01/20240.0%
YPF S.A.8.500% 07/28/20250.0%
ACC Trust 2018-16.810% 02/21/20230.0%
Bancorp Commercial Mortgage 2018-CRE3 Trust/The2.509% 01/15/20330.0%
Residential Mortgage Loan Trust 2020-12.376% 02/25/20240.0%
Country Garden Holdings Co. Ltd.4.750% 01/17/20230.0%
Halcyon Loan Advisors Funding Ltd.3.944% 07/25/20270.0%
Drive Auto Receivables Trust4.180% 03/15/20240.0%
PHEAA Student Loan Trust I2.064% 04/25/20380.0%
Ares XXIX CLO Ltd.3.026% 04/17/20260.0%
Mexichem SAB de CV4.875% 09/19/20220.0%
Gazprom OAO Via Gaz Capital SA4.950% 02/06/20280.0%
Nine Energy Service Inc8.750% 11/01/20230.0%
World Omni Select Auto Trust 2018-13.240% 04/15/20220.0%
WFRBS Commercial Mortgage Trust0.569% 10/15/20570.0%
Americredit Automobile Receivables Trust 2018-33.110% 01/18/20220.0%
Americredit Automobile Receivables Trust 2018-31.908% 01/18/20220.0%
GS Mortgage Securities Trust4.427% 07/10/20480.0%
SCF Equipment Leasing 2017-2 LLC3.410% 12/20/20230.0%
Syngenta Finance NV4.441% 04/24/20230.0%
CPS Auto Receivables Trust 2018-A3.050% 12/15/20230.0%
Pertamina Persero PT4.150% 02/25/20600.0%
Apidos CLO XVI4.819% 01/19/20250.0%
CarMax Auto Owner Trust2.880% 10/15/20210.0%
Perimeter Master Note Business Trust6.020% 12/15/20220.0%
WFRBS Commercial Mortgage Trust0.307% 10/15/20570.0%
Flagship Credit Auto Trust 2018-12.590% 06/15/20220.0%
Genesis Sales Finance Master Trust Series 2019-A5.420% 08/20/20230.0%
International Lease Finance Corp.5.875% 08/15/20220.0%
Santander Drive Auto Receivables Trust 2017-32.760% 12/15/20220.0%
Turkiye Garanti Bankasi AS5.875% 03/16/20230.0%
Hub International Ltd.7.000% 05/01/20260.0%
Egypt Government International Bond6.125% 01/31/20220.0%
Kratos Defense & Security Solutions Inc6.500% 11/30/20250.0%
Fairstone Financial Issuance Trust I3.948% 03/21/20330.0%
Government National Mortgage Association2.900% 02/16/20530.0%
Voya CLO 2019-1 Ltd5.131% 04/15/20290.0%
CIFC Funding 2019-VI Ltd5.885% 01/16/20330.0%
CPS Auto Receivables Trust6.580% 03/15/20220.0%
ACC Trust 2019-16.410% 02/20/20240.0%
Dell International LLC / EMC Corp6.020% 06/15/20260.0%
Drive Auto Receivables Trust 2019-22.930% 03/15/20220.0%
Foursight Capital Automobile Receivables Trust 2013.680% 08/15/20230.0%
Fairstone Financial Issuance Trust I6.299% 03/21/20330.0%
KKR CLO 18 Ltd5.427% 07/18/20300.0%
California Republic Auto Receivables Trust 2016-21.830% 12/15/20210.0%
Pertamina Persero PT4.700% 07/30/20490.0%
Grupo de Inversiones Suramericana SA5.500% 04/29/20260.0%
CPS Auto Receivables Trust 2020-A4.090% 12/15/20250.0%
Morgan Stanley7.250% 04/01/20320.0%
Avid Automobile Receivables Trust 2019-13.140% 07/15/20260.0%
SFAVE Commercial Mortgage Securities Trust3.872% 01/05/20430.0%
Popular, Inc.6.125% 09/14/20230.0%
Spirit AeroSystems, Inc.4.600% 06/15/20280.0%
Exelon Generation Co. LLC5.600% 06/15/20420.0%
Egypt Government International Bond4.550% 11/20/20230.0%
KOC Holding AS5.250% 03/15/20230.0%
CPS Auto Receivables Trust 2018-A2.770% 04/18/20220.0%
Leidos, Inc.5.500% 07/01/20330.0%
Hudsons Bay Simon JV Trust0.541% 08/05/20340.0%
Fairstone Financial Issuance Trust I7.257% 03/21/20330.0%
Flagship Credit Auto Trust 2017-42.070% 04/15/20220.0%
Citigroup Commercial Mortgage Trust0.180% 10/10/20470.0%
Merrill Lynch Mortgage Investors Trust Series6.250% 10/25/20360.0%
Fairstone Financial Issuance Trust I5.084% 03/21/20330.0%
SFAVE Commercial Mortgage Securities Trust4.144% 01/05/20430.0%
Drive Auto Receivables Trust 2017-32.800% 07/15/20220.0%
Ascentium Equipment Receivables 2017-1 Trust2.290% 06/10/20210.0%
Romania6.125% 01/22/20440.0%
American Credit Acceptance Receivables Trust 2018-3.380% 12/13/20210.0%
Citigroup, Inc.3.887% 01/10/20280.0%
WFRBS Commercial Mortgage Trust0.961% 05/15/20470.0%
AI Candelaria Spain SLU7.500% 12/15/20280.0%
Hudsons Bay Simon JV Trust0.493% 08/05/20340.0%
Diamond Resorts Owner Trust3.080% 11/20/20280.0%
New Century Home Equity Loan Trust4.672% 08/25/20350.0%
Sequoia Mortgage Trust 2012-42.069% 09/25/20420.0%
Autoridad del Canal de Panama4.950% 07/29/20350.0%
Drive Auto Receivables Trust3.340% 09/15/20220.0%
CPS Auto Trust2.870% 09/15/20210.0%
COMM Mortgage Trust1.008% 08/10/20470.0%
Trimble Navigation Ltd.4.900% 06/15/20280.0%
GS Mortgage Securities Trust4.513% 11/10/20470.0%
Enterprise Fleet Financing LLC2.130% 07/20/20220.0%
OneMain Financial Issuance Trust 2016-1A3.660% 02/20/20290.0%
Carmax Auto Owner Trust1.390% 05/17/20210.0%
JPMBB Commercial Mortgage Securities Trust0.750% 04/15/20470.0%
Foursight Capital Automobile Receivables Trust 2012.870% 10/15/20210.0%
WFRBS Commercial Mortgage Trust0.572% 05/15/20470.0%
FX USD/CAD 03/200.000% 03/13/20200.0%
Government National Mortgage Association2.200% 04/16/20470.0%
Afren plc10.250% 04/08/20220.0%
FX USD/EUR 03/200.000% 03/09/20200.0%
JPMBB Commercial Mortgage Securities Trust0.284% 04/15/20470.0%
US 10YR ULTRA FUT JUN200.000% 06/30/20200.0%
US 2YR NOTE (CBT) JUN200.000% 07/06/20200.0%
US LONG BOND(CBT) JUN200.000% 06/30/20200.0%
US ULTRA BOND CBT JUN200.000% 06/30/20200.0%
OGX Austria GmbH8.500% 06/01/20190.0%
US 5YR NOTE (CBT) JUN200.000% 07/06/20200.0%
Credit Index Swap5.000% 12/20/20240.0%
FX USD/JPY 04/200.000% 04/13/2020-0.1%

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 04/03/2020
$0.075
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 03/31/2020 $0.02751 $10.30
Daily Daily 02/29/2020 $0.02438 $10.79
Daily Daily 01/31/2020 $0.02376 $10.68

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 04/30/2020
Daily Daily 05/31/2020
Daily Daily 06/30/2020
Daily Daily 07/31/2020
Daily Daily 08/31/2020
Daily Daily 09/30/2020
Daily Daily 10/31/2020
Daily Daily 11/30/2020
Daily Daily 12/31/2020

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
12/17/2020 12/18/2020

Fees & Expenses

Fees & Expenses

Expense Ratioas of 02/29/2020

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

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* Barron’s Top Fund Families of 2019, February 14, 2020, #5 in the Taxable Bond Category among 55 fund families. Based on the net total return of the one−year period ending 12/31/2019. #14 Overall ranking among 55 qualifying fund families based on the net total return of the one-year period ending 12/31/2019. Five-year Overall ranking is #30 out of 52 fund families; 10-year Overall ranking is #33 out of 45 fund families.

 

Source: Barron’s, “Barron’s Top Fund Families of 2019,” February 14, 2020. Barron’s rankings are based on asset weighted returns in funds in five categories: U.S. 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, 2019, 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 2019 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.

 

© Reuters 2020. All Rights Reserved. Lipper Analytical Services, Inc. is an independent mutual fund research and rating service. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper.

 

+

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 Barclays U.S. Aggregate Bond Index represents securities that are SEC-registered, taxable, and dollar denominated. The index covers the U.S. investment grade fixed rate bond market, with index components for government and corporate securities, mortgage pass-through securities, and asset-backed securities. Total return comprises price appreciation/depreciation and income as a percentage of the original investment. 

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 03/31/2021. 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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