LTRYX | Total Return Fund Class I | Lord Abbett
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Total Return Fund

Daily price w/o sales charge as of 01/15/2021

$10.70

arrowUp$0.01

YTD Returns w/o sales charge as of 01/15/2021

-0.47%

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 01/15/2021  

  Subsidized3 Un-Subsidized4
w/o sales charge 2.19% 2.15%

30-Day Standardized Yield 2 as of 12/31/2020  

  Subsidized3 Un-Subsidized4
w/o sales charge 1.40% 1.36%

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

Fund Basicsas of 12/31/2020

Total Net Assets
$4.29 B
Inception Date
12/14/1998
Dividend Frequency
Monthly
Fund Gross Expense Ratio
0.48%
Fund Net Expense Ratio
0.44%
Number of Holdings
574
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 These investment minimums may be suspended, changed, or withdrawn by Lord Abbett Distributor LLC ("Lord Abbett Distributor").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 7.61% 7.61% 5.11% 4.70% 4.32% 5.49%
Lipper Category Avg. Core Bond Funds 8.24% 8.24% 5.37% 4.59% 3.90% -
Bloomberg Barclays U.S. Aggregate Bond Index 7.51% 7.51% 5.34% 4.44% 3.84% 4.85%

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 7.61% 7.61% 5.11% 4.70% 4.32% 5.49%
Lipper Category Avg. Core Bond Funds 8.24% 8.24% 5.37% 4.59% 3.90% -
Bloomberg Barclays U.S. Aggregate Bond Index 7.51% 7.51% 5.34% 4.44% 3.84% 4.85%

Fund Expense Ratio :

Gross 0.48%

Net 0.44%

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
Investment Grade Corporate
MBS
U.S. Government Related
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
1-3 years
3-5 years
5-7 years
7-10 years
Greater than 10 years

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

Credit Quality Distribution as of 12/31/2020 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 & Co-Head of Taxable Fixed Income

19 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Co-Head of Taxable Fixed Income

29 Years of Industry Experience

Supported By 63 Investment Professionals with 17 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 01/15/2021  

  Subsidized3 Un-Subsidized4
w/o sales charge 2.19% 2.15%

30-Day Standardized Yield 2 as of 12/31/2020  

  Subsidized5 Un-Subsidized6
w/o sales charge 1.40% 1.36%

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 7.61% 7.61% 5.11% 4.70% 4.32% 5.49%
Lipper Category Avg. Core Bond Funds 8.24% 8.24% 5.37% 4.59% 3.90% -
Bloomberg Barclays U.S. Aggregate Bond Index 7.51% 7.51% 5.34% 4.44% 3.84% 4.85%

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 7.61% 7.61% 5.11% 4.70% 4.32% 5.49%
Lipper Category Avg. Core Bond Funds 8.24% 8.24% 5.37% 4.59% 3.90% -
Bloomberg Barclays U.S. Aggregate Bond Index 7.51% 7.51% 5.34% 4.44% 3.84% 4.85%

Fund Expense Ratio :

Gross 0.48%

Net 0.44%

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
2020 7.61% 7.51%
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% -
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% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2021 - - - - -0.46%
2020 -1.11% 4.58% 1.89% 2.12% 7.61%
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
Investment Grade Corporate
MBS
U.S. Government Related
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
1-3 years
3-5 years
5-7 years
7-10 years
Greater than 10 years

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

Credit Quality Distribution as of 12/31/2020

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 9/30/2020

  • We modestly increased the Fund’s allocation to high yield emerging market debt as we saw attractive relative value within the asset class.
  • We decreased the Fund’s allocation to asset-backed securities (ABS) over the quarter, as the asset class has experienced significant spread tightening and we found attractive relative value elsewhere, however we maintained our overweight position to the sector. We favor high quality ABS that are backed by credit cards and auto loans, and we have avoided areas of the market that have been more directly exposed to the impact of the coronavirus (such as container and aircraft ABS).
  • We feel valuations are attractive compared to underlying economic fundamentals.  The Fed continues to provide an environment of significantly low volatility, negative real yields, and support to maintain market liquidity.

Portfolio Details as of 12/31/2020

Total Net Assets
$4.29 B
Number of Issues
574
Average Coupon
3.02%
Average Life
5.39 Years
Average Maturity
5.39 Years
Average Effective Duration
5.64 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
United States Treasury Bill 0.000% 02/04/2021 12.1%
30-YR UMBS-TBA PROD JAN 3.500% 10/01/2049 8.7%
30-YR UMBS-TBA PROD JAN 3.000% 01/01/2050 8.3%
U.S. Treasury Note/Bond 2.500% 01/31/2021 5.2%
30-YR UMBS-TBA PROD JAN 4.000% 02/01/2049 4.7%
U.S. Treasury Note/Bond 0.125% 12/15/2023 3.3%
Japan Treasury Discount Bill 0.000% 02/22/2021 2.1%
30-YR UMBS-TBA PROD JAN 2.500% 04/01/2046 1.5%
U.S. Treasury Note/Bond 1.625% 11/15/2050 1.4%
U.S. Treasury Note/Bond 0.125% 10/31/2022 1.3%
% of Total Assets 48.6%
Holding Coupon Maturity Assets
30-YR UMBS-TBA PROD DEC3.500% 09/01/20498.4%
30-YR UMBS-TBA PROD DEC3.000% 12/01/20498.0%
United States Treasury Bill0.000% 02/04/20217.3%
U.S. Treasury Note/Bond2.500% 01/31/20215.1%
30-YR UMBS-TBA PROD DEC4.000% 02/01/20494.6%
TD Securities (USA) LLC0.010% -4.3%
U.S. Treasury Note/Bond0.250% 10/31/20252.6%
U.S. Treasury Note/Bond0.250% 11/15/20232.2%
Japan Treasury Discount Bill0.000% 02/22/20212.0%
U.S. Treasury Note/Bond1.125% 05/15/20402.0%
30-YR UMBS-TBA PROD DEC2.500% 03/01/20461.4%
U.S. Treasury Note/Bond0.125% 10/31/20221.3%
U.S. Treasury Note/Bond0.125% 09/30/20221.3%
Federal National Mortgage Assoc.3.500% 09/01/20471.0%
Wells Fargo & Co.2.393% 06/02/20280.9%
U.S. Treasury Note/Bond1.625% 11/15/20500.8%
Emera US Finance L.P.3.550% 06/15/20260.7%
Federal National Mortgage Assoc.3.500% 03/01/20500.6%
Drive Auto Receivables Trust5.300% 07/15/20240.6%
Westlake Automobile Receivables Trust 2020-20.930% 02/15/20240.6%
JPMorgan Chase & Co.3.782% 02/01/20280.5%
CVS Caremark Corp.4.300% 03/25/20280.5%
Boeing Co.4.875% 05/01/20250.5%
BAT Capital Corp4.906% 04/02/20300.5%
U.S. Treasury Note/Bond1.375% 08/15/20500.5%
Sabine Pass Liquefaction LLC5.875% 06/30/20260.5%
Biogen Idec, Inc.2.250% 05/01/20300.5%
Cox Communications, Inc.8.375% 03/01/20390.5%
NiSource, Inc.3.490% 05/15/20270.4%
VEREIT Operating Partnership L.P.4.875% 06/01/20260.4%
Broadcom Corp. / Broadcom Cayman Finance Ltd.3.875% 01/15/20270.4%
Ford Credit Auto Owner Trust 2020-B0.500% 02/15/20230.4%
Glencore Funding LLC4.875% 03/12/20290.4%
Alcon Finance Corp2.600% 05/27/20300.4%
Petroleos Mexicanos5.350% 02/12/20280.4%
Morgan Stanley3.625% 01/20/20270.4%
General Motors Financial Co., Inc.3.600% 06/21/20300.4%
Stryker Corp.1.950% 06/15/20300.4%
Tencent Holdings Ltd.3.595% 01/19/20280.4%
DTE Electric Co2.625% 03/01/20310.4%
Nvent Finance Sarl4.550% 04/15/20280.4%
HCA, Inc.4.125% 06/15/20290.4%
Genesis Sales Finance Master Trust1.650% 09/22/20250.4%
Boeing Co.5.040% 05/01/20270.3%
Catholic Health Initiatives3.347% 10/01/20290.3%
OneMain Financial Issuance Trust 2020-21.750% 09/14/20350.3%
AT&T, Inc.4.300% 02/15/20300.3%
SCF Equipment Leasing 2019-1 LLC3.920% 11/20/20260.3%
Bermuda Government International Bond2.375% 08/20/20300.3%
PayPal Holdings, Inc.2.850% 10/01/20290.3%
Oracle Corp.2.950% 04/01/20300.3%
Anthem, Inc.2.250% 05/15/20300.3%
ME Funding LLC 2019-16.448% 07/30/20490.3%
U.S. Treasury Note/Bond2.375% 11/15/20490.3%
Anglo American Capital plc4.750% 04/10/20270.3%
Great Wolf Trust 2019-WOLF1.175% 12/15/20360.3%
Roper Industries, Inc.1.400% 09/15/20270.3%
NVR, Inc.3.000% 05/15/20300.3%
Equinix, Inc.1.550% 03/15/20280.3%
Federal National Mortgage Assoc.4.000% 01/01/20480.3%
Bank of America Corp.3.593% 07/21/20280.3%
Boston Scientific Corp.2.650% 06/01/20300.3%
Lending Funding Trust 2020-22.320% 04/21/20310.3%
Starwood Mortgage Residential Trust 2020-31.486% 04/25/20650.3%
Kayne CLO 7 Ltd1.418% 04/17/20330.3%
Anglo American Capital plc4.000% 09/11/20270.3%
Cigna Corp4.125% 11/15/20250.3%
Republic of Indonesia3.400% 09/18/20290.3%
Macquarie Group Ltd.4.654% 03/27/20290.3%
Shackleton 2019-XIV Clo Ltd2.118% 07/20/20300.3%
JD.com, Inc.3.375% 01/14/20300.3%
Teachers Insurance & Annuity Association of Americ4.900% 09/15/20440.3%
Benefit Street Partners CLO IV Ltd1.468% 01/20/20290.3%
Dell International LLC / EMC Corp.8.350% 07/15/20460.3%
Vistra Operations Co LLC3.550% 07/15/20240.3%
Baker Hughes a GE Co LLC / Baker Hughes Co-Obligor3.337% 12/15/20270.3%
CVS Caremark Corp.3.625% 04/01/20270.3%
UBS AG Registered Shares5.125% 05/15/20240.2%
AerCap Ireland Capital Ltd.3.500% 01/15/20250.2%
Citigroup, Inc.3.887% 01/10/20280.2%
Regeneron Pharmaceuticals, Inc.1.750% 09/15/20300.2%
Verus Securitization Trust 2020-51.218% 05/25/20650.2%
CenterPoint Energy Resources Corp1.750% 10/01/20300.2%
Toronto-Dominion Bank3.625% 09/15/20310.2%
COMM 2014-UBS4 Mortgage Trust4.863% 08/10/20470.2%
Federal Home Loan Mortgage Corp.4.000% 10/01/20490.2%
Citigroup, Inc.3.980% 03/20/20300.2%
Ghana Government International Bond6.375% 02/11/20270.2%
ALM VII Ltd2.087% 07/15/20290.2%
SCF Equipment Leasing 2019-2 LLC2.760% 08/20/20260.2%
Delta Air Lines, Inc.7.000% 05/01/20250.2%
Springleaf Finance Corp.5.375% 11/15/20290.2%
FirstEnergy Corp.3.900% 07/15/20270.2%
Galaxy Pipeline Assets Bidco Ltd3.250% 09/30/20400.2%
BX Trust 2018-GW0.941% 05/15/20350.2%
Ford Motor Co7.450% 07/16/20310.2%
BAE Systems plc3.400% 04/15/20300.2%
Credit Suisse Mortgage Capital Certificates1.700% 04/25/20650.2%
Nigeria Government International Bond7.143% 02/23/20300.2%
Kraft Heinz Foods Co.4.375% 06/01/20460.2%
Westlake Automobile Receivables Trust 2020-12.520% 04/15/20250.2%
CNAC HK Finbridge Co Ltd4.125% 07/19/20270.2%
Fairstone Financial Issuance Trust I5.162% 10/20/20390.2%
Kayne CLO 5 Ltd1.565% 07/24/20320.2%
BX Trust 2019-OC113.202% 12/09/20410.2%
Owens Corning3.950% 08/15/20290.2%
WEA Finance LLC2.875% 01/15/20270.2%
Ford Credit Auto Owner Trust 2019-C1.880% 07/15/20220.2%
National Fuel Gas Co.5.500% 01/15/20260.2%
Ausgrid Finance Pty Ltd4.350% 08/01/20280.2%
Advocate Health & Hospitals Corp2.211% 06/15/20300.2%
JBS USA LUX SA / JBS USA Food Co / JBS USA Finance6.500% 04/15/20290.2%
MHP Lux SA6.250% 09/19/20290.2%
Perimeter Master Note Business Trust4.310% 12/15/20220.2%
NXP BV / NXP Funding LLC / NXP USA Inc3.150% 05/01/20270.2%
China Government International Bond2.250% 10/21/20500.2%
PFS Financing Corp.1.270% 06/15/20250.2%
Longfor Properties Co. Ltd.4.500% 01/16/20280.2%
Octagon Investment Partners 48 Ltd1.732% 10/20/20310.2%
MPLX L.P.5.250% 01/15/20250.2%
Hardee's Funding LLC4.959% 06/20/20480.2%
Salem Fields CLO Ltd 2016-21.365% 10/25/20280.2%
Egypt Government International Bond7.600% 03/01/20290.2%
GLS Auto Receivables Issuer Trust 2020-31.920% 05/15/20250.2%
MPLX L.P.3.375% 03/15/20230.2%
Watco Cos. LLC / Watco Finance Corp.6.500% 06/15/20270.2%
JP Morgan Chase Commercial Mortgage Securities Tru1.388% 07/05/20330.2%
HCA, Inc.5.250% 06/15/20260.2%
Liberty Utilities Finance GP 12.050% 09/15/20300.2%
Gracie Point International Funding 2020-B2.527% 05/02/20230.2%
Marble Point CLO XVII Ltd1.518% 04/20/20330.2%
SLC Student Loan Trust 2008-11.850% 12/15/20320.2%
Phosagro OAO via Phosagro Bond Funding Ltd3.949% 04/24/20230.2%
COMM 2015-DC1 Mortgage Trust4.451% 02/10/20480.2%
Morgan Stanley4.431% 01/23/20300.2%
SCF Equipment Leasing 2019-2 LLC3.110% 06/21/20270.2%
Country Garden Holdings Co. Ltd.4.750% 09/28/20230.2%
Navient Corp.5.000% 03/15/20270.2%
DISH DBS Corp.7.750% 07/01/20260.2%
Saudi Arabian Oil Co2.875% 04/16/20240.2%
Carmax Auto Owner Trust 2019-42.010% 03/15/20230.2%
Citibank Credit Card Issuance Trust2.490% 01/20/20230.2%
EPR Properties4.950% 04/15/20280.2%
JP Morgan Chase Commercial Mortgage Securities Tru1.141% 06/15/20320.2%
AbbVie, Inc.3.200% 11/21/20290.2%
Eskom Holdings SOC Ltd.6.350% 08/10/20280.2%
TPG Real Estate Finance 2018-FL2 Issuer LTD1.277% 11/15/20370.2%
Vista Point Securitization Trust 2020-21.475% 04/25/20650.2%
Bank of America Corp.3.970% 03/05/20290.2%
Mountain View CLO 2017-1 LLC1.320% 10/16/20290.2%
Wells Fargo Commercial Mortgage Trust4.238% 05/15/20480.2%
GrubHub Holdings Inc5.500% 07/01/20270.2%
Netflix, Inc.6.375% 05/15/20290.2%
Michigan Fin Auth3.084% 12/01/20340.2%
Globo Comunicacao e Participacoes SA4.875% 01/22/20300.2%
Time Warner Entertainment Co. L.P.8.375% 07/15/20330.2%
Carnival Corp.11.500% 04/01/20230.2%
Octagon Investment Partners 29 Ltd1.395% 01/24/20330.2%
Orec 2018-CRE1 Ltd1.321% 06/15/20360.2%
Qatar Government International Bond3.250% 06/02/20260.2%
Dynegy Holdings, Inc.4.950% 09/14/20260.2%
CarMax Auto Owner Trust 2020-41.300% 08/17/20260.2%
Santander UK plc7.950% 10/26/20290.2%
Connect Finco SARL / Connect US Finco LLC6.750% 10/01/20260.2%
Hilton Domestic Operating Co, Inc.4.875% 01/15/20300.2%
Equinix, Inc.2.625% 11/18/20240.1%
Healthcare Trust of America Holdings LP3.100% 02/15/20300.1%
COMM Mortgage Trust4.576% 07/10/20500.1%
Verus Securitization Trust 2020-12.417% 01/25/20600.1%
DBWF 2018-GLKS Mortgage Trust1.179% 12/19/20300.1%
Alibaba Group Holding Ltd.3.400% 12/06/20270.1%
World Financial Network Credit Card Master Trust3.460% 07/15/20250.1%
Prosus NV5.500% 07/21/20250.1%
AerCap Ireland Capital Ltd.3.875% 01/23/20280.1%
Bayer US Finance II LLC3.875% 12/15/20230.1%
HCA, Inc.4.500% 02/15/20270.1%
Petroleos Mexicanos4.500% 01/23/20260.1%
JP Morgan Chase Commercial Mortgage Securities Tru1.441% 06/15/20320.1%
Sunac China Holdings Ltd7.875% 02/15/20220.1%
DaVita, Inc.3.750% 02/15/20310.1%
Honda Auto Receivables 2020-2 Owner Trust0.740% 11/15/20220.1%
Drive Auto Receivables Trust 2017-15.170% 09/16/20240.1%
Massachusetts Sch Bldg Auth3.395% 10/15/20400.1%
BSPRT 2018-FL4 Issuer Ltd1.191% 09/15/20350.1%
Ball Corp.2.875% 08/15/20300.1%
LifePoint Hospitals, Inc.4.375% 02/15/20270.1%
Citigroup Commercial Mortgage Trust 2016-GC362.850% 02/10/20490.1%
KKR CLO 18 Ltd1.488% 07/18/20300.1%
Bahia Sul Holdings GmbH3.750% 01/15/20310.1%
JPMorgan Chase & Co.4.600% 12/31/20990.1%
IDEX Corp.3.000% 05/01/20300.1%
Neuberger Berman Group LLC4.875% 04/15/20450.1%
Royalty Pharma PLC1.750% 09/02/20270.1%
Deephaven Residential Mortgage Trust 2019-32.964% 07/25/20590.1%
Global Aircraft Leasing Co Ltd6.500% 09/15/20240.1%
Statoil ASA7.150% 11/15/20250.1%
Kookmin Bank1.750% 05/04/20250.1%
Leidos, Inc.7.125% 07/01/20320.1%
Laredo Petroleum Holdings, Inc.9.500% 01/15/20250.1%
Sound Point Clo XII Ltd2.818% 10/20/20280.1%
Bank of America Corp.4.000% 01/22/20250.1%
Empresa Nacional del Petroleo3.750% 08/05/20260.1%
Tralee CLO III Ltd1.248% 10/20/20270.1%
CPS Auto Receivables Trust 2020-C1.710% 08/17/20260.1%
Angel Oak Mortgage Trust I LLC 2019-42.993% 07/26/20490.1%
Diamondback Energy, Inc.3.500% 12/01/20290.1%
Republic of Turkey4.250% 04/14/20260.1%
Longtrain Leasing III LLC 2015-14.060% 01/15/20450.1%
PSEG Power LLC8.625% 04/15/20310.1%
CSAIL 2019-C18 Commercial Mortgage Trust3.321% 12/15/20520.1%
Vertical US Newco Inc5.250% 07/15/20270.1%
SURA Asset Management SA4.375% 04/11/20270.1%
KVK CLO 2016-1 Ltd3.387% 01/15/20290.1%
PDC Energy, Inc.5.750% 05/15/20260.1%
Avery Point VII CLO Ltd1.987% 01/15/20280.1%
Frontier Communications Corp.5.000% 05/01/20280.1%
Capital Auto Receivables Asset Trust 2018-23.690% 12/20/20230.1%
Meituan3.050% 10/28/20300.1%
Flagship Credit Auto Trust 2018-33.590% 12/16/20240.1%
Dominican Republic International Bond4.875% 09/23/20320.1%
TransDigm, Inc.6.375% 06/15/20260.1%
Adient Global Holdings Ltd.4.875% 08/15/20260.1%
Exelon Generation Co. LLC3.250% 06/01/20250.1%
Permanent Univ Fnd - Texas A&M Univ Sys3.660% 07/01/20470.1%
Citigroup, Inc.4.450% 09/29/20270.1%
Ally Auto Receivables Trust 2019-41.930% 10/17/20220.1%
Walgreen Co.3.200% 04/15/20300.1%
New Residential Mortgage Loan Trust 2019-NQM32.802% 07/25/20490.1%
American Credit Acceptance Receivables Trust 2019-3.050% 05/12/20230.1%
PFP 2019-6 Ltd1.194% 04/14/20370.1%
Radiology Partners Inc9.250% 02/01/20280.1%
Western Gas Partners L.P.5.050% 02/01/20300.1%
TRI Pointe Homes LLC5.250% 06/01/20270.1%
Government National Mortgage Association2.900% 02/16/20490.1%
Eldorado Resorts, Inc.8.125% 07/01/20270.1%
Range Resources Corp.9.250% 02/01/20260.1%
Freeport-McMoRan, Inc.4.125% 03/01/20280.1%
EQT Corp.7.875% 02/01/20250.1%
JFIN CLO 2014 Ltd1.668% 04/21/20250.1%
IRB Holding Corp7.000% 06/15/20250.1%
Northwoods Capital 20 Ltd4.465% 01/25/20300.1%
GUSAP III LP4.250% 01/21/20300.1%
American Airlines, Inc.11.750% 07/15/20250.1%
Continental Resources, Inc.3.800% 06/01/20240.1%
CSMC 2020-AFC1 Trust2.240% 02/25/20500.1%
Banco do Brasil SA4.625% 01/15/20250.1%
Southwestern Energy Co.7.750% 10/01/20270.1%
Hilcorp Energy L.P. / Hilcorp Finance Co.6.250% 11/01/20280.1%
FMG Finance Pty Ltd.4.500% 09/15/20270.1%
Forterra Finance LLC / FRTA Finance Corp6.500% 07/15/20250.1%
Freeport-McMoRan, Inc.4.250% 03/01/20300.1%
American Axle & Manufacturing, Inc.6.500% 04/01/20270.1%
Cedar Fair LP5.250% 07/15/20290.1%
Park Intermediate Holdings LLC / PK Domestic Prope5.875% 10/01/20280.1%
ESH Hospitality, Inc.4.625% 10/01/20270.1%
Foothill-Eastern Transp Corridor Agy, CA4.094% 01/15/20490.1%
Toll Brothers Finance Corp.4.350% 02/15/20280.1%
Spirit Loyalty Cayman Ltd / Spirit IP Cayman Ltd8.000% 09/20/20250.1%
Pennsylvania Electric Co.3.600% 06/01/20290.1%
Citigroup, Inc.2.666% 01/29/20310.1%
Royal Caribbean Cruises Ltd.11.500% 06/01/20250.1%
Tesla Motors, Inc.5.300% 08/15/20250.1%
Sally Holdings LLC / Sally Capital, Inc.5.625% 12/01/20250.1%
Signature Aviation US Holdings Inc4.000% 03/01/20280.1%
United Rentals, Inc.4.000% 07/15/20300.1%
Newark BSL CLO 1 Ltd3.217% 12/21/20290.1%
Penske Automotive Group, Inc.3.500% 09/01/20250.1%
CF Industries, Inc.4.950% 06/01/20430.1%
CF Trust 2019-BOSS3.391% 12/15/20210.1%
Jamestown CLO VII Ltd.2.815% 07/25/20270.1%
Nationstar Mortgage Holdings, Inc.5.500% 08/15/20280.1%
Banff Merger Sub Inc9.750% 09/01/20260.1%
LogMeIn, Inc.5.500% 09/01/20270.1%
NRG Energy, Inc.2.450% 12/02/20270.1%
Greenko Solar Mauritius Ltd5.950% 07/29/20260.1%
Garda World Security Corp4.625% 02/15/20270.1%
Mattel, Inc.6.750% 12/31/20250.1%
Cemex, S.A.B. de C.V.5.450% 11/19/20290.1%
NRG Energy, Inc.5.750% 01/15/20280.1%
XPO Logistics, Inc.6.250% 05/01/20250.1%
Branch Banking & Trust Co.2.250% 03/11/20300.1%
JPMorgan Chase & Co.3.540% 05/01/20280.1%
Mountain View CLO X Ltd1.574% 10/13/20270.1%
Netflix, Inc.4.875% 06/15/20300.1%
MEDNAX, Inc.6.250% 01/15/20270.1%
AMC Networks, Inc.4.750% 08/01/20250.1%
Quicken Loans LLC / Quicken Loans Co-Issuer Inc3.625% 03/01/20290.1%
Antofagasta PLC2.375% 10/14/20300.1%
PetSmart, Inc.5.875% 06/01/20250.1%
Tenet Healthcare Corp.4.875% 01/01/20260.1%
GS Mortgage Securities Corp Trust 2018-RIVR1.091% 07/15/20350.1%
Nouryon Holding BV8.000% 10/01/20260.1%
Ally Financial, Inc.8.000% 11/01/20310.1%
Select Medical Corp.6.250% 08/15/20260.1%
Viking Cruises Ltd.13.000% 05/15/20250.1%
Centene Corp.3.375% 02/15/20300.1%
Live Nation Entertainment, Inc.4.750% 10/15/20270.1%
Albertsons Cos Inc / Safeway Inc / New Albertsons4.875% 02/15/20300.1%
Uber Technologies Inc8.000% 11/01/20260.1%
Genesis Sales Finance Master Trust Series 2019-A4.680% 08/20/20230.1%
Vail Resorts, Inc.6.250% 05/15/20250.1%
Aegea Finance Sarl5.750% 10/10/20240.1%
Egypt Government International Bond6.588% 02/21/20280.1%
Penn National Gaming, Inc.5.625% 01/15/20270.1%
Scientific Games International, Inc.7.250% 11/15/20290.1%
Banco de Credito e Inversiones3.500% 10/12/20270.1%
Sprint Capital Corp.6.875% 11/15/20280.1%
Sysco Corp.2.400% 02/15/20300.1%
Scripps Escrow Inc5.875% 07/15/20270.1%
Surgery Center Holdings, Inc.10.000% 04/15/20270.1%
Century Communities, Inc.6.750% 06/01/20270.1%
CNAC HK Finbridge Co Ltd3.500% 07/19/20220.1%
Diamond Sports Group LLC / Diamond Sports Finance5.375% 08/15/20260.1%
Nigeria Government International Bond6.375% 07/12/20230.1%
Zayo Group Holdings, Inc.4.000% 03/01/20270.1%
Halcyon Loan Advisors Funding 2015-3 Ltd1.118% 10/18/20270.1%
BBCMS 2019-BWAY Mortgage Trust1.097% 11/15/20340.1%
Omnova Solutions, Inc.4.750% 10/20/20280.1%
Neuberger Berman Group LLC4.500% 03/15/20270.1%
CSC Holdings LLC5.500% 04/15/20270.1%
Hewlett Packard Enterprise Co.0.998% 03/12/20210.1%
TCF Auto Receivables Owner Trust 2016-PT12.920% 10/17/20220.1%
Time Warner Cable LLC7.300% 07/01/20380.1%
Gap, Inc.8.625% 05/15/20250.1%
Chinalco Capital Holdings Ltd4.000% 08/25/20210.1%
Murphy Oil Corp.5.875% 12/01/20270.1%
Griffon Corp.5.750% 03/01/20280.1%
Ameren Corp.3.500% 01/15/20310.1%
Cedar Funding VI CLO Ltd1.818% 10/20/20280.1%
Omnova Solutions, Inc.4.500% 10/20/20250.1%
California7.625% 03/01/20400.1%
CSMC Series 2019-UVIL3.160% 12/15/20410.1%
MEG Energy Corp.7.000% 03/31/20240.1%
Northwoods Capital 20 Ltd3.015% 01/25/20300.1%
Warrior Met Coal Inc8.000% 11/01/20240.1%
COMM Mortgage Trust4.290% 07/10/20500.1%
ITC Holdings Corp.3.350% 11/15/20270.1%
GREYWOLF CLO VII Ltd1.398% 10/20/20310.1%
Hardee's Funding LLC5.710% 06/20/20480.1%
Buckeye Partners L.P.6.375% 01/22/20780.1%
Citgo Holding, Inc.9.250% 08/01/20240.1%
Navient Private Education Refi Loan Trust 2018-D4.000% 12/15/20590.1%
Sound Point CLO XI Ltd.1.318% 07/20/20280.1%
BAT Capital Corp4.700% 04/02/20270.1%
Sound Point Clo XV Ltd2.709% 01/23/20290.1%
Towd Point Asset Trust 2018-SL10.749% 01/25/20460.1%
Global Payments, Inc.3.200% 08/15/20290.1%
Minerva Luxembourg SA5.875% 01/19/20280.1%
Deephaven Residential Mortgage Trust 2019-42.791% 10/25/20590.1%
Rite Aid Corp.8.000% 11/15/20260.1%
Hudsons Bay Simon JV Trust4.666% 08/05/20340.1%
Stericycle, Inc.3.875% 01/15/20290.1%
MEG Energy Corp.7.125% 02/01/20270.1%
BMW Vehicle Owner Trust 2019-A2.050% 05/25/20220.1%
Atrium Hotel Portfolio Trust 2018-ATRM1.091% 06/15/20350.1%
ReadyCap Commercial Mortgage Trust 2019-62.833% 10/25/20520.1%
Wells Fargo Commercial Mortgage Trust 2017-C413.785% 11/15/20500.1%
Zhenro Properties Group Ltd8.650% 01/21/20230.1%
Affiliated Managers Group, Inc.3.500% 08/01/20250.1%
MMC Norilsk Nickel OJSC via MMC Finance Ltd.4.100% 04/11/20230.1%
Foursight Capital Automobile Receivables Trust 2013.680% 08/15/20230.1%
Brightsphere Investment Group Inc4.800% 07/27/20260.1%
Shackleton 2016-IX CLO Ltd2.118% 10/20/20280.1%
Baidu, Inc.2.375% 10/09/20300.1%
J.P. Morgan Chase Commercial Mortgage SecuritiesTr2.020% 11/15/20350.1%
SCF Equipment Leasing 2019-1 LLC3.230% 10/20/20240.1%
Huntington Ingalls Industries, Inc.3.844% 05/01/20250.1%
Cleco Corp.3.375% 09/15/20290.1%
PFS Financing Corp.3.080% 02/15/20230.1%
Exeter Automobile Receivables Trust 2020-21.130% 08/15/20230.1%
Planet Fitness Master Issuer LLC3.858% 12/05/20490.1%
Apache Corp.4.625% 11/15/20250.1%
Nutrition & Biosciences Inc1.832% 10/15/20270.1%
Bank of America Corp.3.950% 04/21/20250.1%
JP Morgan Chase Commercial Mortgage Securities Tru4.950% 07/05/20330.1%
CSAIL 2016-C7 Commercial Mortgage Trust4.532% 11/15/20490.1%
Tengizchevroil Finance Co. International Ltd.3.250% 08/15/20300.1%
BorgWarner, Inc.2.650% 07/01/20270.1%
ACC Trust 2019-14.470% 10/20/20220.1%
China Railway Resources Huitung Ltd.3.850% 02/05/20230.1%
Qatar Government International Bond5.103% 04/23/20480.1%
Race Point IX CLO Ltd1.447% 10/15/20300.1%
Palmer Square Loan Funding 2018-1 Ltd0.837% 04/15/20260.1%
CPS Auto Receivables Trust 2018-B4.260% 03/15/20240.1%
Hecla Mining Co.7.250% 02/15/20280.1%
Export Credit Bank of Turkey8.250% 01/24/20240.1%
Avid Automobile Receivables Trust 2019-12.620% 02/15/20240.1%
Republic of Peru2.392% 01/23/20260.1%
Bayer Corp6.650% 02/15/20280.1%
Palmer Square Loan Funding 2018-1 Ltd1.287% 04/15/20260.1%
Abu Dhabi Crude Oil Pipeline LLC4.600% 11/02/20470.1%
J.P. Morgan Chase Commercial Mortgage Securities T4.143% 10/05/20310.1%
Nissan Auto Lease Trust 2019-B2.270% 10/15/20210.1%
Republic of Turkey5.750% 03/22/20240.1%
Cheniere Corpus Christi Holdings LLC3.700% 11/15/20290.1%
Carnival Corp.7.625% 03/01/20260.1%
Deephaven Residential Mortgage Trust 2020-12.339% 01/25/20600.1%
CoStar Group, Inc.2.800% 07/15/20300.1%
PVH Corp.7.750% 11/15/20230.1%
Starwood Mortgage Residential Trust 2020-12.275% 02/25/20500.1%
MHP Lux SA6.950% 04/03/20260.1%
Kaisa Group Holdings Ltd.11.950% 10/22/20220.1%
COMM Mortgage Trust4.576% 07/10/20500.1%
Boyd Gaming Corp.6.000% 08/15/20260.1%
Arcor6.000% 07/06/20230.1%
ENN Energy Holdings Ltd.2.625% 09/17/20300.1%
AerCap Ireland Capital Ltd.4.875% 01/16/20240.1%
Toyota Auto Receivables 2017-A Owner Trust2.100% 09/15/20220.1%
Univ of California Bd of Regents3.006% 05/15/20500.1%
Parallel 2017-1 Ltd1.248% 07/20/20290.1%
Wells Fargo Commercial Mortgage Trust 2016-C354.176% 07/15/20480.1%
LifePoint Hospitals, Inc.6.750% 04/15/20250.1%
Hudsons Bay Simon JV Trust5.331% 08/05/20340.1%
Temasek Financial I Ltd.2.500% 10/06/20700.1%
South Carolina Electric & Gas Co.6.625% 02/01/20320.1%
JPMBB Commercial Mortgage Securities Trust4.410% 07/15/20480.1%
Akbank TAS5.000% 10/24/20220.1%
Republic of Turkey5.250% 03/13/20300.1%
California7.300% 10/01/20390.1%
Adventist Health System/West2.952% 03/01/20290.1%
Clarios Global LP / Clarios US Finance Co8.500% 05/15/20270.1%
California Hlth Facs Fing Auth3.034% 06/01/20340.1%
Wells Fargo Commercial Mortgage Trust 2016-NXS55.162% 01/15/20590.1%
Bank of America Corp.4.450% 03/03/20260.1%
JP Morgan Chase Commercial Mortgage Securities Tru1.088% 07/05/20330.1%
ALM VII Ltd3.787% 07/15/20290.1%
JP Morgan Chase Commercial Mortgage Securities Tru4.549% 07/05/20330.1%
Genesis Sales Finance Master Trust4.710% 09/22/20250.1%
Perimeter Master Note Business Trust8.060% 12/15/20220.1%
Massachusetts Educational Financing Authority1.165% 04/25/20380.1%
Newell Rubbermaid, Inc.5.875% 04/01/20360.1%
Apache Corp.4.375% 10/15/20280.1%
Elm CLO 2014-1 Ltd1.388% 01/17/20290.1%
T-Mobile USA, Inc.3.750% 04/15/20270.1%
Kinross Gold Corp.5.950% 03/15/20240.1%
Emirates Semb Corp Water & Power Co PJSC4.450% 08/01/20350.1%
CSMC Trust4.373% 09/15/20370.1%
Adani Ports & Special Economic Zone Ltd4.000% 07/30/20270.1%
Vertical Midco GmbH4.375% 07/15/20270.1%
Kaisa Group Holdings Ltd.9.375% 06/30/20240.1%
Ukraine Government7.750% 09/01/20240.1%
Viper Energy Partners LP5.375% 11/01/20270.1%
Latvia Government International Bond5.250% 06/16/20210.1%
Match Group Holdings II LLC5.000% 12/15/20270.1%
Palmer Square Loan Funding 2018-1 Ltd1.637% 04/15/20260.1%
Diamondback Energy, Inc.4.750% 05/31/20250.1%
Boyd Gaming Corp.4.750% 12/01/20270.0%
COMM 2016-COR1 Mortgage Trust3.494% 10/10/20490.0%
Avolon Holdings Funding Ltd4.250% 04/15/20260.0%
Flagship Credit Auto Trust 2020-21.490% 07/15/20240.0%
CCO Holdings LLC / CCO Holdings Capital Corp.5.000% 02/01/20280.0%
Quality Distribution, Inc.9.500% 08/18/20230.0%
GCAT 2019-NQM2 Trust2.247% 01/25/20600.0%
JB y Co SA de CV3.750% 05/13/20250.0%
Match Group Holdings II LLC5.625% 02/15/20290.0%
Fairstone Financial Issuance Trust I6.873% 10/20/20390.0%
Pepperdine University3.301% 12/01/20590.0%
Qtel International Finance Ltd.3.750% 06/22/20260.0%
CCO Holdings LLC / CCO Holdings Capital Corp.4.750% 03/01/20300.0%
Avery Point CLO Ltd.1.815% 04/25/20260.0%
Federal Home Loan Mortgage Corp.2.187% 02/25/20320.0%
Tenet Healthcare Corp.6.250% 02/01/20270.0%
SM Energy Co.6.750% 09/15/20260.0%
Dell International LLC / EMC Corp.5.450% 06/15/20230.0%
Angel Oak Mortgage Trust 2020-12.466% 12/25/20590.0%
Galaxy XXI CLO Ltd1.238% 04/20/20310.0%
Minejesa Capital BV4.625% 08/10/20300.0%
SCF Equipment Leasing 2018-1 LLC3.630% 10/20/20240.0%
Wells Fargo Commercial Mortgage Trust4.410% 07/15/20460.0%
British Airways 2020-1 Class A Pass Through Trust4.250% 11/15/20320.0%
Flagship Credit Auto Trust 2018-33.070% 02/15/20230.0%
DRB Prime Student Loan Trust3.200% 01/25/20400.0%
Pertamina Persero PT5.625% 05/20/20430.0%
New Residential Mortgage Loan Trust 2020-NQM12.464% 01/26/20600.0%
Avid Automobile Receivables Trust 2019-12.820% 07/15/20260.0%
BBCMS 2019-BWAY Mortgage Trust1.451% 11/15/20340.0%
Drive Auto Receivables Trust4.160% 05/15/20240.0%
California Republic Auto Receivables Trust 2017-12.910% 12/15/20220.0%
Yuzhou Properties Co. Ltd.6.000% 10/25/20230.0%
General Cable Corp.3.842% 06/09/20300.0%
Genesis Sales Finance Master Trust Series 2019-A6.880% 08/20/20230.0%
Sinopec Group Overseas Development 2013 Ltd.4.375% 10/17/20230.0%
COMM Mortgage Trust4.576% 07/10/20500.0%
Egypt Government International Bond7.903% 02/21/20480.0%
Prosus NV3.680% 01/21/20300.0%
Hyundai Auto Receivables Trust 2019-B1.930% 07/15/20220.0%
CPS Auto Receivables Trust 2019-B5.000% 03/17/20250.0%
UBS-BAMLL Trust4.379% 06/10/20300.0%
Palmer Square Loan Funding 2018-5 Ltd1.618% 01/20/20270.0%
Pelabuhan Indonesia III Persero PT4.500% 05/02/20230.0%
Ford Credit Auto Owner Trust 2020-A1.030% 10/15/20220.0%
Foursight Capital Automobile Receivables Trust 2013.530% 04/17/20230.0%
Carmax Auto Owner Trust 2019-32.210% 12/15/20220.0%
Country Garden Holdings Co. Ltd.4.750% 01/17/20230.0%
Mercedes-Benz Auto Lease Trust 2019-A3.100% 11/15/20210.0%
Gazprom OAO Via Gaz Capital SA4.950% 02/06/20280.0%
Halcyon Loan Advisors Funding Ltd.2.365% 07/25/20270.0%
New York and Presbyterian Hospital/The3.954% 08/01/21190.0%
Westgate Resorts 2018-1 LLC3.380% 12/20/20310.0%
Diamond Resorts Owner Trust4.110% 10/22/20290.0%
Pertamina Persero PT4.150% 02/25/20600.0%
YPF S.A.8.500% 07/28/20250.0%
Residential Mortgage Loan Trust 2020-12.376% 02/25/20240.0%
Santander Retail Auto Lease Trust 2019-B2.290% 04/20/20220.0%
Syngenta Finance NV4.441% 04/24/20230.0%
GS Mortgage Securities Trust4.569% 07/10/20480.0%
Star Energy Geothermal Darajat II / Star Energy Ge4.850% 10/14/20380.0%
Perimeter Master Note Business Trust6.020% 12/15/20220.0%
PHEAA Student Loan Trust I0.485% 04/25/20380.0%
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 AS5.875% 03/16/20230.0%
Chesapeake Funding II LLC1.910% 08/15/20290.0%
Egypt Government International Bond6.125% 01/31/20220.0%
Fairstone Financial Issuance Trust I3.948% 03/21/20330.0%
WFRBS Commercial Mortgage Trust0.710% 10/15/20570.0%
Dell International LLC / EMC Corp6.020% 06/15/20260.0%
Octagon Investment Partners XIV Ltd2.137% 07/15/20290.0%
Government National Mortgage Association2.900% 02/16/20530.0%
Fairstone Financial Issuance Trust I6.299% 03/21/20330.0%
Pertamina Persero PT4.700% 07/30/20490.0%
KKR CLO 18 Ltd3.818% 07/18/20300.0%
AutoNation, Inc.4.750% 06/01/20300.0%
ACC Trust 2018-16.810% 02/21/20230.0%
Drive Auto Receivables Trust4.180% 03/15/20240.0%
CPS Auto Receivables Trust 2020-A4.090% 12/15/20250.0%
Morgan Stanley7.250% 04/01/20320.0%
AMMC CLO XIII Ltd1.915% 07/24/20290.0%
Avid Automobile Receivables Trust 2019-13.140% 07/15/20260.0%
Popular, Inc.6.125% 09/14/20230.0%
SFAVE Commercial Mortgage Securities Trust3.872% 01/05/20430.0%
Egypt Government International Bond4.550% 11/20/20230.0%
KOC Holding AS5.250% 03/15/20230.0%
Leidos, Inc.5.500% 07/01/20330.0%
Exelon Generation Co. LLC5.600% 06/15/20420.0%
CPS Auto Receivables Trust 2018-A3.050% 12/15/20230.0%
Fairstone Financial Issuance Trust I7.257% 03/21/20330.0%
CPS Auto Receivables Trust6.580% 03/15/20220.0%
Fairstone Financial Issuance Trust I5.084% 03/21/20330.0%
Hudsons Bay Simon JV Trust0.723% 08/05/20340.0%
SCF Equipment Leasing 2017-2 LLC3.410% 12/20/20230.0%
Citigroup Commercial Mortgage Trust0.330% 10/10/20470.0%
Wheels SPV 2 LLC3.060% 04/20/20270.0%
Enterprise Fleet Financing LLC2.870% 10/20/20230.0%
Mercedes-Benz Auto Lease Trust 2018-B3.210% 09/15/20210.0%
Merrill Lynch Mortgage Investors Trust Series6.250% 10/25/20360.0%
Chesapeake Funding II LLC1.990% 05/15/20290.0%
AI Candelaria Spain SLU7.500% 12/15/20280.0%
Autoridad del Canal de Panama4.950% 07/29/20350.0%
Santander Drive Auto Receivables Trust 2017-32.760% 12/15/20220.0%
Flagship Credit Auto Trust 2017-32.590% 07/15/20220.0%
Diamond Resorts Owner Trust3.080% 11/20/20280.0%
Zimmer Biomet Holdings, Inc.5.750% 11/30/20390.0%
Hudsons Bay Simon JV Trust0.665% 08/05/20340.0%
Drive Auto Receivables Trust 2018-23.630% 08/15/20240.0%
Honda Auto Receivables 2019-1 Owner Trust2.750% 09/20/20210.0%
New Century Home Equity Loan Trust4.720% 08/25/20350.0%
Sequoia Mortgage Trust 2012-42.069% 09/25/20420.0%
GS Mortgage Securities Trust4.662% 11/10/20470.0%
COMM Mortgage Trust1.133% 08/10/20470.0%
Ascentium Equipment Receivables 2017-1 Trust2.290% 06/10/20210.0%
Afren plc10.250% 04/08/20220.0%
HCA, Inc.5.500% 06/15/20470.0%
OGX Austria GmbH8.500% 06/01/20190.0%
US ULTRA BOND CBT MAR210.000% 03/31/20210.0%
US 10YR ULTRA FUT MAR210.000% 03/31/20210.0%
US 5YR NOTE (CBT) MAR210.000% 04/05/20210.0%
US LONG BOND(CBT) MAR210.000% 03/31/20210.0%
FX USD/EUR 12/200.000% 12/04/20200.0%
FX USD/CAD 12/200.000% 12/15/20200.0%
FX USD/CAD 01/210.000% 01/20/20210.0%
FX USD/JPY 02/210.000% 02/22/20210.0%
Credit Index Swap1.000% 12/20/20250.0%

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

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 01/15/2021
$0
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 12/31/2020 $0.01955 $10.76
Daily Daily 11/30/2020 $0.02085 $10.93
Daily Daily 10/31/2020 $0.02035 $10.77
Daily Daily 09/30/2020 $0.02275 $10.82
Daily Daily 08/31/2020 $0.02419 $10.86
Daily Daily 07/31/2020 $0.02498 $10.92
Daily Daily 06/30/2020 $0.02587 $10.69
Daily Daily 05/31/2020 $0.02652 $10.59
Daily Daily 04/30/2020 $0.02805 $10.48
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 01/31/2021
Daily Daily 02/28/2021
Daily Daily 03/31/2021
Daily Daily 04/30/2021
Daily Daily 05/31/2021
Daily Daily 06/30/2021
Daily Daily 07/31/2021
Daily Daily 08/31/2021
Daily Daily 09/30/2021
Daily Daily 10/31/2021
Daily Daily 11/30/2021
Daily Daily 12/31/2021

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
12/17/2020 12/18/2020 $0.1260 $0.1013 $0.2273 $10.72
*

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
12/16/2021 12/17/2021

Fees & Expenses

Fees & Expenses

Expense Ratioas of 12/31/2020

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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* 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.

 

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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