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Total Return Fund

Daily price w/o sales charge as of 11/15/2019

$10.47

arrowDown$0.01

YTD Returns w/o sales charge as of 11/15/2019

8.00%

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 11/15/2019  

  Subsidized3 Un-Subsidized4
w/o sales charge 2.73% 2.69%

30-Day Standardized Yield 2 as of 10/31/2019  

  Subsidized3 Un-Subsidized4
w/o sales charge 2.25% 2.21%

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

Fund Basicsas of 10/31/2019

Total Net Assets
$4.08 B
Inception Date
12/14/1998
Dividend Frequency
Monthly
Fund Gross Expense Ratio
0.48%
Fund Net Expense Ratio
0.44%
Number of Holdings
515
Minimum Initial Investment
$1,000,000+

+Minimum Exceptions, Click here.

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 These investment minimums may be suspended, changed, or withdrawn by Lord Abbett Distributor LLC ("Lord Abbett Distributor").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

Fund Expense Ratio :

Gross 0.48%

Net 0.44%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/14/1998
w/o sales charge 8.50% 10.29% 3.16% 3.12% 4.35% 5.43%
Lipper Category Avg. Core Bond Funds 8.76% 10.66% 3.12% 2.96% 3.80% -
Bloomberg Barclays U.S. Universal Index 9.15% 11.36% 3.57% 3.49% 4.11% -

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 8.26% 9.06% 2.92% 3.27% 4.39% 5.44%
Lipper Category Avg. Core Bond Funds 8.50% 9.49% 2.80% 3.06% 3.87% -
Bloomberg Barclays U.S. Universal Index 8.80% 10.07% 3.23% 3.62% 4.14% -

Fund Expense Ratio :

Gross 0.48%

Net 0.44%

Returns with sales charges reflect a maximum sales charge of 2.25%.

The performance quoted represents past performance, which is no indication of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Therefore, there can be no assurance for future results.

Type Assets
MBS
Investment Grade Corporate
U.S. Government Related
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 10/31/2019 View Portfolio

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

Ratings (other than U.S. Treasury securities or securities issued or backed by U.S. agencies) provided by Standard & Poor's, Moody's, and Fitch. For certain securities that are not rated by any of these three agencies, credit ratings from other agencies may be used. Where the rating agencies rate a security differently, Lord Abbett uses the median, but if there are only two ratings, the lower rating is used. Ratings range from AAA (highest) to D (lowest). Bonds rated BBB or above are considered investment grade. Credit ratings BB and below are lower-rated securities (junk bonds). High-yielding, non-investment-grade bonds (junk bonds) involve higher risks than investment-grade bonds. Adverse conditions may affect the issuer's ability to pay interest and principal on these securities. A portion of the portfolio's securities may not be rated. Breakdown is not an S&P credit rating or an opinion of S&P as to the creditworthiness of such portfolio. Ratings apply to the credit worthiness of the issuers of the underlying securities and not the fund or its shares. Ratings may be subject to change.

Investment Team

Kewjin Yuoh
Kewjin Yuoh

Partner & Portfolio Manager

25 Years of Industry Experience

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

Partner & Portfolio Manager

21 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Director of Taxable Fixed Income

18 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Chief Investment Officer

28 Years of Industry Experience

Supported By 64 Investment Professionals with 15 Years Avg. Industry Experience

Contact a Representative

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

Performance

Performance

Dividend Yield 1 as of 11/15/2019  

  Subsidized3 Un-Subsidized4
w/o sales charge 2.73% 2.69%

30-Day Standardized Yield 2 as of 10/31/2019  

  Subsidized5 Un-Subsidized6
w/o sales charge 2.25% 2.21%

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

Fund Expense Ratio :

Gross 0.48%

Net 0.44%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/14/1998
w/o sales charge 8.50% 10.29% 3.16% 3.12% 4.35% 5.43%
Lipper Category Avg. Core Bond Funds 8.76% 10.66% 3.12% 2.96% 3.80% -
Bloomberg Barclays U.S. Universal Index 9.15% 11.36% 3.57% 3.49% 4.11% -

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 8.26% 9.06% 2.92% 3.27% 4.39% 5.44%
Lipper Category Avg. Core Bond Funds 8.50% 9.49% 2.80% 3.06% 3.87% -
Bloomberg Barclays U.S. Universal Index 8.80% 10.07% 3.23% 3.62% 4.14% -

Fund Expense Ratio :

Gross 0.48%

Net 0.44%

Returns with sales charges reflect a maximum sales charge of 2.25%.

The performance quoted represents past performance, which is no indication of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Therefore, there can be no assurance for future results.

Year Fund Returns Bloomberg Barclays U.S. Universal Index
2018 -0.60% -0.26%
2017 3.93% 4.09%
2016 4.25% 3.91%
2015 -0.44% 0.43%
2014 6.33% 5.56%
2013 -1.19% -1.35%
2012 7.93% 5.53%
2011 7.40% 7.40%
2010 7.92% 7.16%
2009 16.07% 8.60%
2008 -0.97% -
2007 6.06% -
2006 4.63% -
2005 2.67% -
2004 4.57% -
2003 5.42% -
2002 9.21% -
2001 9.50% -
2000 13.01% -
1999 0.69% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2019 3.28% 3.05% 1.72% - 8.01%
2018 -1.36% -0.29% 0.32% 0.75% -0.60%
2017 1.19% 1.48% 0.89% 0.32% 3.93%
2016 2.86% 2.76% 1.19% -2.53% 4.25%
2015 1.63% -1.45% 0.00% -0.60% -0.44%
2014 2.38% 2.55% 0.11% 1.16% 6.33%
2013 0.54% -2.76% 0.54% 0.52% -1.19%
2012 1.87% 1.99% 2.76% 1.09% 7.93%
2011 1.06% 2.14% 2.43% 1.58% 7.40%
2010 2.49% 2.90% 3.36% -0.99% 7.92%
2009 2.51% 5.71% 6.31% 0.75% 16.07%
2008 1.07% 0.05% -1.96% -0.10% -0.97%
2007 1.47% -0.65% 2.82% 2.33% 6.06%
2006 -0.29% -0.19% 3.81% 1.27% 4.63%
2005 -0.19% 3.01% -0.62% 0.48% 2.67%
2004 2.42% -2.29% 3.30% 1.16% 4.57%
2003 1.48% 3.09% 0.00% 0.76% 5.42%
2002 0.13% 2.41% 3.66% 2.75% 9.21%
2001 3.51% 0.44% 4.80% 0.49% 9.50%
2000 2.12% 2.18% 3.45% 4.70% 13.01%
1999 0.10% -0.80% 1.00% 0.39% 0.69%
1998 - - - - 0.40%

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

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Rating Assets
MBS
Investment Grade Corporate
U.S. Government Related
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 10/31/2019

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

Ratings (other than U.S. Treasury securities or securities issued or backed by U.S. agencies) provided by Standard & Poor's, Moody's, and Fitch. For certain securities that are not rated by any of these three agencies, credit ratings from other agencies may be used. Where the rating agencies rate a security differently, Lord Abbett uses the median, but if there are only two ratings, the lower rating is used. Ratings range from AAA (highest) to D (lowest). Bonds rated BBB or above are considered investment grade. Credit ratings BB and below are lower-rated securities (junk bonds). High-yielding, non-investment-grade bonds (junk bonds) involve higher risks than investment-grade bonds. Adverse conditions may affect the issuer's ability to pay interest and principal on these securities. A portion of the portfolio's securities may not be rated. Breakdown is not an S&P credit rating or an opinion of S&P as to the creditworthiness of such portfolio. Ratings apply to the credit worthiness of the issuers of the underlying securities and not the fund or its shares. Ratings may be subject to change.

Portfolio Positioning as of 9/30/2019

  • We decreased the portfolio’s exposure to structured product sectors (including ABS, CMBS and MBS) during the period. As corporate credit spreads widened during the risk-off environment in August, we reinvested a portion of the proceeds from maturing structured products into investment-grade and high yield corporate bonds as valuations became more attractive. 
  • Despite decreasing exposure to these sectors during the quarter, we maintained the portfolio’s overweight to commercial mortgage-backed securities (CMBS) and asset-backed securities (ABS). CMBS continues to offer less sensitivity to potential deterioration of U.S. trade conditions as the asset class has a domestic orientation. Our team favors SASB (single-asset / single-borrower) CMBS deals across the credit spectrum, which have had superior 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 believe the mixed messaging from the Fed and geopolitical/trade risks will result in volatility remaining heightened for the next few months.

Portfolio Details as of 10/31/2019

Total Net Assets
$4.08 B
Number of Issues
515
Average Coupon
3.34%
Average Life
7.89 Years
Average Effective Duration
5.71 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 NOV 3.500% 02/01/2049 25.2%
Japan Treasury Discount Bill 0.000% 01/08/2020 10.6%
30-YR UMBS-TBA PROD NOV 3.000% 06/01/2049 6.6%
Federal Home Loan Bank 0.000% 12/06/2019 5.4%
Federal Home Loan Bank 0.000% 11/05/2019 4.9%
U.S. Treasury Note 0.625% 04/15/2023 4.7%
U.S. Treasury Note/Bond 2.500% 01/31/2021 4.3%
U.S. Treasury Note/Bond 2.875% 05/15/2049 2.6%
U.S. Treasury Note/Bond 2.750% 11/15/2047 2.4%
U.S. Treasury Note/Bond 1.500% 10/31/2024 2.2%
% of Total Assets 68.9%
Holding Coupon Maturity Assets
30-YR UMBS-TBA PROD OCT3.500% 01/01/204923.6%
United States Treasury Bill0.000% 11/21/201910.4%
30-YR UMBS-TBA PROD OCT3.000% 04/01/20495.7%
Federal Home Loan Bank0.000% 12/06/20195.1%
Federal Home Loan Bank0.000% 11/05/20194.6%
U.S. Treasury Note0.625% 04/15/20234.4%
TD Securities (USA) LLC0.010% -4.1%
U.S. Treasury Note/Bond2.500% 01/31/20214.0%
U.S. Treasury Note/Bond2.750% 11/15/20472.2%
U.S. Treasury Note/Bond2.875% 05/15/20492.0%
U.S. Treasury Note/Bond1.500% 09/30/20242.0%
30-YR UMBS-TBA PROD OCT4.000% 01/01/20491.9%
U.S. Treasury Note/Bond1.500% 08/31/20211.3%
U.S. Treasury Note/Bond3.125% 11/15/20280.8%
U.S. Treasury Note/Bond3.625% 08/15/20430.7%
JPMorgan Chase & Co.3.782% 02/01/20280.7%
Bank of America Corp.3.593% 07/21/20280.7%
Drive Auto Receivables Trust5.300% 07/15/20240.6%
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%
Synchrony Credit Card Master Note Trust2.370% 03/15/20230.5%
Ford Credit Auto Owner Trust 2014-REV22.310% 04/15/20260.5%
Baker Hughes a GE Co LLC / Baker Hughes Co-Obligor4.080% 12/15/20470.5%
VEREIT Operating Partnership L.P.4.875% 06/01/20260.4%
Santander Drive Auto Receivables Trust 2016-24.380% 09/15/20230.4%
Japan Bank for International Cooperation/Japan2.500% 05/23/20240.4%
Broadcom Inc3.625% 10/15/20240.4%
ENI SpA5.700% 10/01/20400.4%
Morgan Stanley4.000% 07/23/20250.4%
Nvent Finance Sarl4.550% 04/15/20280.4%
Honda Auto Receivables 2019-1 Owner Trust2.750% 09/20/20210.4%
SCF Equipment Leasing 2019-1 LLC3.920% 11/20/20260.4%
Santander Drive Auto Receivables Trust 2016-15.020% 06/15/20230.4%
Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worl4.700% 02/01/20360.4%
Citigroup, Inc.3.887% 01/10/20280.3%
Santander Drive Auto Receivables Trust 2015-24.020% 09/15/20220.3%
GE Capital International Funding Co.4.418% 11/15/20350.3%
OHA Loan Funding 2016-1 Ltd4.078% 01/20/20280.3%
Wells Fargo Bank, N.A.5.850% 02/01/20370.3%
Ford Motor Co.7.450% 07/16/20310.3%
General Motors Co.6.600% 04/01/20360.3%
Anglo American Capital plc4.750% 04/10/20270.3%
SOUND POINT CLO XVII3.878% 10/20/20300.3%
Capital Auto Receivables Asset Trust 2018-12.790% 01/20/20220.3%
Shackleton 2019-XIV Clo Ltd4.178% 07/20/20300.3%
Benefit Street Partners CLO IV Ltd3.528% 01/20/20290.3%
Government National Mortgage Association2.700% 08/16/20580.3%
Wells Fargo Bank, N.A.6.600% 01/15/20380.3%
Caesars Palace Las Vegas Trust 2017-VICI3.531% 10/15/20340.3%
Macquarie Group Ltd.4.654% 03/27/20290.3%
Anglo American Capital plc4.000% 09/11/20270.3%
AerCap Ireland Capital Ltd.3.500% 01/15/20250.3%
Mercedes-Benz Auto Lease Trust 2018-B3.040% 12/15/20200.3%
Royal Caribbean Cruises Ltd.3.700% 03/15/20280.3%
Teachers Insurance & Annuity Association of Americ4.900% 09/15/20440.3%
Schlumberger Holdings Corp.4.300% 05/01/20290.3%
JP Morgan Chase Commercial Mortgage Securities Tru3.028% 06/15/20320.3%
Tralee CLO III Ltd3.308% 10/20/20270.3%
Ecopetrol S.A.4.125% 01/16/20250.2%
UBS AG Registered Shares5.125% 05/15/20240.2%
Air Lease Corp.3.625% 12/01/20270.2%
Morgan Stanley3.625% 01/20/20270.2%
UBS AG7.625% 08/17/20220.2%
Dell International LLC / EMC Corp.8.350% 07/15/20460.2%
American Express Credit Account Master Trust1.930% 09/15/20220.2%
ALM VII Ltd4.153% 07/15/20290.2%
BX Trust 2018-GW2.828% 05/15/20350.2%
Drive Auto Receivables Trust5.150% 08/15/20220.2%
Americredit Automobile Receivables Trust 2018-22.860% 11/18/20210.2%
Dominion Gas Holdings LLC4.600% 12/15/20440.2%
Flagship Credit Auto Trust 2018-33.070% 02/15/20230.2%
Citigroup, Inc.3.980% 03/20/20300.2%
CNAC HK Finbridge Co Ltd4.125% 07/19/20270.2%
Anheuser-Busch InBev Worldwide, Inc.4.750% 01/23/20290.2%
AT&T, Inc.6.250% 03/29/20410.2%
Burlington Northern Santa Fe LLC4.550% 09/01/20440.2%
Entergy Louisiana LLC4.000% 03/15/20330.2%
Time Warner Cable LLC7.300% 07/01/20380.2%
Government National Mortgage Association2.600% 06/16/20570.2%
ICG US CLO 2015-2 Ltd3.172% 01/16/20280.2%
SLC Student Loan Trust 2008-13.719% 12/15/20320.2%
Glencore Finance Canada Ltd.5.550% 10/25/20420.2%
Petroleos Mexicanos5.350% 02/12/20280.2%
Cox Communications, Inc.8.375% 03/01/20390.2%
Penn National Gaming, Inc.5.625% 01/15/20270.2%
AmeriCredit Automobile Receivables Trust 2015-23.000% 06/08/20210.2%
MEG Energy Corp.7.000% 03/31/20240.2%
Perimeter Master Note Business Trust4.310% 12/15/20220.2%
Berkshire Hathaway Energy Co.3.800% 07/15/20480.2%
Hardee's Funding LLC4.959% 06/20/20480.2%
JBS USA LUX SA / JBS USA Food Co / JBS USA Finance6.500% 04/15/20290.2%
Drive Auto Receivables Trust 2019-32.630% 09/15/20220.2%
Sabine Pass Liquefaction LLC5.625% 03/01/20250.2%
COMM 2015-DC1 Mortgage Trust4.487% 02/10/20480.2%
EPR Properties4.500% 06/01/20270.2%
Ausgrid Finance Pty Ltd4.350% 08/01/20280.2%
Daimler Finance North America LLC3.100% 08/15/20290.2%
COMM Mortgage Trust4.584% 07/10/20500.2%
JP Morgan Chase Commercial Mortgage Securities Tru3.317% 07/05/20330.2%
Conn's Receivables Funding 2017-B LLC5.950% 11/15/20220.2%
Morgan Stanley3.875% 01/27/20260.2%
American Credit Acceptance Receivables Trust 2019-3.050% 05/12/20230.2%
Wells Fargo Commercial Mortgage Trust4.248% 05/15/20480.2%
Citigroup Commercial Mortgage Trust 2016-GC362.850% 02/10/20490.2%
Phosagro OAO via Phosagro Bond Funding Ltd3.949% 04/24/20230.2%
Valero Energy Corp.10.500% 03/15/20390.2%
Tencent Holdings Ltd.3.595% 01/19/20280.2%
BMW Vehicle Lease Trust 2019-12.790% 03/22/20210.2%
CIFC Funding 2017-I Ltd3.638% 04/23/20290.2%
TPG Real Estate Finance 2018-FL2 Issuer LTD3.155% 11/15/20370.2%
BAT Capital Corp4.390% 08/15/20370.2%
China Evergrande Group10.000% 04/11/20230.2%
Caesars Palace Las Vegas Trust 2017-VICI3.835% 10/15/20340.2%
Reynolds American, Inc.5.700% 08/15/20350.2%
Orec 2018-CRE1 Ltd3.208% 06/15/20360.2%
Saudi Arabian Oil Co2.875% 04/16/20240.2%
Petrobras Global Finance BV7.250% 03/17/20440.2%
World Financial Network Credit Card Master Trust2.660% 08/15/20240.2%
Siemens Financial Services, Inc.2.350% 10/15/20260.2%
DBWF 2018-GLKS Mortgage Trust3.087% 11/19/20350.2%
GS Mortgage Securities Corp Trust 2018-FBLU2.978% 11/15/20350.2%
Coty, Inc.6.500% 04/15/20260.2%
Government National Mortgage Association2.900% 11/16/20550.2%
Global Aircraft Leasing Co Ltd6.500% 09/15/20240.2%
FirstEnergy Transmission LLC4.550% 04/01/20490.2%
Tronox Inc6.500% 04/15/20260.2%
Mattel, Inc.6.750% 12/31/20250.2%
Tesla Motors, Inc.5.300% 08/15/20250.2%
AerCap Ireland Capital Ltd.3.875% 01/23/20280.2%
Wyndham Worldwide Corp.5.750% 04/01/20270.2%
Petroleos Mexicanos4.500% 01/23/20260.2%
Century Communities, Inc.6.750% 06/01/20270.2%
Stars Group Holdings BV / Stars Group US Co-Borrow7.000% 07/15/20260.2%
TransDigm, Inc.6.375% 06/15/20260.2%
Santander UK plc7.950% 10/26/20290.2%
IRB Holding Corp6.750% 02/15/20260.2%
Transocean Proteus Ltd.6.250% 12/01/20240.2%
Match Group, Inc.5.625% 02/15/20290.2%
Gray Television, Inc.7.000% 05/15/20270.2%
Drive Auto Receivables Trust 2017-15.170% 09/16/20240.2%
Palmer Square Loan Funding 2018-1 Ltd2.903% 04/15/20260.2%
Americredit Automobile Receivables Trust 2019-12.301% 06/20/20220.2%
Qatar Government International Bond3.250% 06/02/20260.1%
Kenya Government International Bond7.000% 05/22/20270.1%
Drive Auto Receivables Trust 2019-22.930% 03/15/20220.1%
Myriad International Holdings BV5.500% 07/21/20250.1%
California Republic Auto Receivables Trust2.530% 06/15/20210.1%
Perusahaan Listrik Negara PT3.875% 07/17/20290.1%
DLL 2018-2 LLC3.140% 10/20/20200.1%
Navient Corp.6.750% 06/25/20250.1%
Apache Corp.4.750% 04/15/20430.1%
Ford Credit Auto Owner Trust 2015-REV12.120% 07/15/20260.1%
Netflix, Inc.6.375% 05/15/20290.1%
Healthcare Trust of America Holdings LP3.100% 02/15/20300.1%
Colonial Pipeline Co.4.250% 04/15/20480.1%
Drive Auto Receivables Trust4.530% 08/15/20230.1%
Time Warner Entertainment Co. L.P.8.375% 07/15/20330.1%
Catholic Health Initiatives3.347% 10/01/20290.1%
Wingstop Funding 2018-1 LLC4.970% 12/05/20480.1%
Entergy Arkansas, Inc.4.200% 04/01/20490.1%
Spirit Realty LP3.400% 01/15/20300.1%
Americredit Automobile Receivables Trust 2019-12.930% 06/20/20220.1%
United Mexican States, MTN4.000% 10/02/20230.1%
Towd Point Asset Trust 2018-SL12.745% 01/25/20460.1%
Goldman Sachs Group, Inc.6.250% 02/01/20410.1%
SCF Equipment Leasing 2018-1 LLC3.630% 10/20/20240.1%
Government National Mortgage Association2.900% 02/16/20490.1%
ME Funding LLC 2019-16.448% 07/30/20490.1%
Sound Point Clo XII Ltd4.878% 10/20/20280.1%
Statoil ASA7.150% 11/15/20250.1%
Carnival plc7.875% 06/01/20270.1%
Foursight Capital Automobile Receivables Trust 2013.240% 09/15/20220.1%
Longtrain Leasing III LLC 2015-14.060% 01/15/20450.1%
Chesapeake Funding II LLC1.910% 08/15/20290.1%
Neuberger Berman Group LLC4.875% 04/15/20450.1%
JP Morgan Chase Commercial Mortgage Securities Tru4.128% 06/15/20320.1%
South Carolina Electric & Gas Co.6.050% 01/15/20380.1%
Jamestown CLO IX Ltd4.928% 10/20/20280.1%
KVK CLO 2016-1 Ltd5.453% 01/15/20290.1%
Avery Point VII CLO Ltd4.053% 01/15/20280.1%
Capital Auto Receivables Asset Trust 2018-23.690% 12/20/20230.1%
Bank of America Corp.4.000% 01/22/20250.1%
Flagship Credit Auto Trust 2018-33.590% 12/16/20240.1%
Corp Nacional del Cobre de Chile4.500% 09/16/20250.1%
Oracle Corp.6.125% 07/08/20390.1%
SURA Asset Management SA4.375% 04/11/20270.1%
Petrobras Global Finance BV5.093% 01/15/20300.1%
CBB International Sukuk Co 6 Spc5.250% 03/20/20250.1%
Aqua America, Inc.3.566% 05/01/20290.1%
Wells Fargo Commercial Mortgage Trust4.420% 07/15/20460.1%
Drive Auto Receivables Trust 2017-32.800% 07/15/20220.1%
Electricite de France SA5.000% 09/21/20480.1%
World Omni Select Auto Trust 2018-13.240% 04/15/20220.1%
Angolan Government International Bond9.500% 11/12/20250.1%
JFIN CLO 2014 Ltd3.728% 04/21/20250.1%
Republic of Indonesia3.400% 09/18/20290.1%
Government National Mortgage Association2.750% 02/16/20580.1%
Citigroup, Inc.4.450% 09/29/20270.1%
GS Mortgage Securities Corp Trust 2018-RIVR2.978% 07/15/20350.1%
Towd Point Mortgage Trust 2019-HY23.018% 05/25/20580.1%
Interest Rate Swap0.000% 04/01/20210.1%
Mountain View CLO X Ltd3.653% 10/13/20270.1%
Piedmont Natural Gas Co., Inc.3.500% 06/01/20290.1%
Hudsons Bay Simon JV Trust4.666% 08/05/20340.1%
William Lyon Homes, Inc.5.875% 01/31/20250.1%
U.S. Treasury Note/Bond2.875% 10/31/20200.1%
Republic of Turkey5.625% 03/30/20210.1%
Genesis Sales Finance Master Trust Series 2019-A4.680% 08/20/20230.1%
Aegea Finance Sarl5.750% 10/10/20240.1%
Pennsylvania Electric Co.3.600% 06/01/20290.1%
Indika Energy Capital III Pte Ltd5.875% 11/09/20240.1%
Jamestown CLO VII Ltd.4.876% 07/25/20270.1%
Republic of Lithuania7.375% 02/11/20200.1%
Chobani LLC / Chobani Finance Corp Inc7.500% 04/15/20250.1%
Textainer Marine Containers VII Ltd3.960% 04/20/20440.1%
Halliburton Co.6.700% 09/15/20380.1%
General Electric Co.2.945% 05/05/20260.1%
EPR Properties4.750% 12/15/20260.1%
MHP Lux SA6.250% 09/19/20290.1%
American Credit Acceptance Receivables Trust 2018-3.380% 12/13/20210.1%
DISH DBS Corp.7.750% 07/01/20260.1%
Interstate Power & Light Co3.600% 04/01/20290.1%
Centennial Resource Production LLC6.875% 04/01/20270.1%
Hub International Ltd.7.000% 05/01/20260.1%
Radian Group, Inc.4.875% 03/15/20270.1%
DRB Prime Student Loan Trust3.200% 01/25/20400.1%
Warrior Met Coal Inc8.000% 11/01/20240.1%
Buckeye Partners L.P.6.375% 01/22/20780.1%
CNAC HK Finbridge Co Ltd3.500% 07/19/20220.1%
Scripps Escrow Inc5.875% 07/15/20270.1%
United Mexican States, MTN3.750% 01/11/20280.1%
Westlake Automobile Receivables Trust 2018-12.670% 05/17/20210.1%
Panther BF Aggregator 2 LP / Panther Finance Co In8.500% 05/15/20270.1%
TCF Auto Receivables Owner Trust 2016-PT12.920% 10/17/20220.1%
ViaSat, Inc.5.625% 04/15/20270.1%
Toll Brothers Finance Corp.4.350% 02/15/20280.1%
PayPal Holdings, Inc.2.850% 10/01/20290.1%
Freeport-McMoRan, Inc.3.875% 03/15/20230.1%
Helix Gen Funding, LLC5.794% 06/03/20240.1%
Garda World Security Corp8.750% 05/15/20250.1%
Hilcorp Energy L.P. / Hilcorp Finance Co.6.250% 11/01/20280.1%
CCO Holdings LLC / CCO Holdings Capital Corp.5.000% 02/01/20280.1%
Spectra Energy Partners L.P.3.179% 06/05/20200.1%
Intelsat Jackson Holdings SA5.500% 08/01/20230.1%
JPMorgan Chase & Co.3.540% 05/01/20280.1%
Airxcel, Inc.6.544% 04/28/20250.1%
CF Industries, Inc.4.950% 06/01/20430.1%
Kennametal, Inc.4.625% 06/15/20280.1%
BWAY Holding Co.7.250% 04/15/20250.1%
CommScope, Inc.8.250% 03/01/20270.1%
Banco de Credito e Inversiones3.500% 10/12/20270.1%
Cedar Funding VI CLO Ltd3.878% 10/20/20280.1%
Fibria Overseas Finance Ltd.4.000% 01/14/20250.1%
First Investors Auto Owner Trust2.410% 12/15/20220.1%
Sprint Capital Corp.6.875% 11/15/20280.1%
Government National Mortgage Association2.700% 07/16/20570.1%
Navient Private Education Refi Loan Trust 2018-D4.000% 12/15/20590.1%
Neuberger Berman Group LLC4.500% 03/15/20270.1%
Egypt Government International Bond6.588% 02/21/20280.1%
Westlake Automobile Receivables Trust 2019-23.200% 11/15/20240.1%
UBS-BAMLL Trust4.379% 06/10/20300.1%
Goldman Sachs Group, Inc.4.223% 05/01/20290.1%
California Resources Corp.8.000% 12/15/20220.1%
Cliffs Natural Resources, Inc.5.750% 03/01/20250.1%
Sound Point CLO XI Ltd.3.378% 07/20/20280.1%
Gilead Sciences, Inc.4.600% 09/01/20350.1%
Sound Point Clo XV Ltd4.759% 01/23/20290.1%
COMM Mortgage Trust4.290% 07/10/20500.1%
ProAmpac PG Borrower LLC5.657% 11/20/20230.1%
TNT Crane and Rigging6.604% 11/27/20200.1%
AbbVie, Inc.4.875% 11/14/20480.1%
Angolan Government International Bond8.250% 05/09/20280.1%
VTR Finance B.V.6.875% 01/15/20240.1%
Ghana Government International Bond8.125% 03/26/20320.1%
Ahern Rentals, Inc.7.375% 05/15/20230.1%
Hudsons Bay Simon JV Trust5.331% 08/05/20340.1%
ZF North America Capital, Inc.4.750% 04/29/20250.1%
Atrium Hotel Portfolio Trust 2018-ATRM2.978% 06/15/20350.1%
Palmer Square Loan Funding 2017-1 Ltd4.003% 10/15/20250.1%
Baidu, Inc.3.500% 11/28/20220.1%
Cox Communications, Inc.4.500% 06/30/20430.1%
Rumo Luxembourg Sarl7.375% 02/09/20240.1%
J.P. Morgan Chase Commercial Mortgage SecuritiesTr3.216% 11/15/20350.1%
Government National Mortgage Association2.750% 02/16/20580.1%
Massachusetts Electric Co.4.004% 08/15/20460.1%
PSEG Power LLC8.625% 04/15/20310.1%
Shackleton 2016-IX CLO Ltd4.178% 10/20/20280.1%
MMC Norilsk Nickel OJSC via MMC Finance Ltd.4.100% 04/11/20230.1%
Dominican Republic International Bond6.400% 06/05/20490.1%
Minerva Luxembourg SA5.875% 01/19/20280.1%
Shimao Property Holdings Ltd.4.750% 07/03/20220.1%
Bermuda Government International Bond3.717% 01/25/20270.1%
Brightsphere Investment Group Inc4.800% 07/27/20260.1%
Halliburton Co.7.450% 09/15/20390.1%
PFS Financing Corp.3.080% 02/15/20230.1%
JP Morgan Chase Commercial Mortgage Securities Tru4.950% 07/05/20330.1%
Santander Drive Auto Receivables Trust 2015-23.020% 04/15/20210.1%
Cleco Corp.4.973% 05/01/20460.1%
Affiliated Managers Group, Inc.3.500% 08/01/20250.1%
Americredit Automobile Receivables Trust 2018-33.110% 01/18/20220.1%
Americredit Automobile Receivables Trust 2018-32.291% 01/18/20220.1%
Regatta VI Funding Ltd4.328% 07/20/20280.1%
Cleco Corp.3.375% 09/15/20290.1%
ACC Trust 2019-14.470% 10/20/20220.1%
First Investors Auto Owner Trust 2018-23.230% 12/15/20220.1%
Verizon Communications, Inc.3.618% 05/15/20250.1%
CarMax Auto Owner Trust2.880% 10/15/20210.1%
SM Energy Co.6.750% 09/15/20260.1%
Massachusetts Educational Financing Authority3.226% 04/25/20380.1%
Vistra Operations Co LLC4.300% 07/15/20290.1%
Drive Auto Receivables Trust4.160% 05/15/20240.1%
Exelon Generation Co. LLC6.250% 10/01/20390.1%
Bank of America Corp.3.950% 04/21/20250.1%
North Texas Tollway Auth8.910% 02/01/20300.1%
CPS Auto Receivables Trust 2018-B4.260% 03/15/20240.1%
Bahamas Government International Bond6.000% 11/21/20280.1%
China Railway Resources Huitung Ltd.3.850% 02/05/20230.1%
Cox Communications, Inc.4.700% 12/15/20420.1%
Government National Mortgage Association2.700% 04/16/20570.1%
CSMC Trust4.373% 09/15/20370.1%
El Paso Electric Co.5.000% 12/01/20440.1%
Northern Natural Gas4.300% 01/15/20490.1%
Palmer Square Loan Funding 2018-1 Ltd3.353% 04/15/20260.1%
Export Credit Bank of Turkey8.250% 01/24/20240.1%
Government National Mortgage Association2.600% 07/16/20580.1%
COMM Mortgage Trust4.584% 07/10/20500.1%
Wells Fargo Commercial Mortgage Trust 2016-C354.176% 07/15/20480.1%
Wells Fargo Commercial Mortgage Trust 2016-NXS55.038% 01/15/20590.1%
HCA, Inc.5.250% 06/15/20260.1%
Qatar Government International Bond5.103% 04/23/20480.1%
PVH Corp.7.750% 11/15/20230.1%
Drive Auto Receivables Trust4.590% 01/17/20230.1%
Wheels SPV 2 LLC3.060% 04/20/20270.1%
Abu Dhabi Crude Oil Pipeline LLC4.600% 11/02/20470.1%
MHP Lux SA6.950% 04/03/20260.1%
Avery Point VII CLO Ltd4.753% 01/15/20280.1%
JPMBB Commercial Mortgage Securities Trust4.411% 07/15/20480.1%
Republic of Turkey5.750% 03/22/20240.1%
Ares XXIX CLO Ltd.3.493% 04/17/20260.1%
AerCap Ireland Capital Ltd.4.875% 01/16/20240.1%
Chesapeake Funding II LLC1.880% 06/15/20280.1%
Occidental Petroleum Corp.7.875% 09/15/20310.1%
Drive Auto Receivables Trust3.340% 09/15/20220.1%
Country Garden Holdings Co. Ltd.4.750% 09/28/20230.1%
JP Morgan Chase Commercial Mortgage Securities Tru3.017% 07/05/20330.1%
Akbank TAS4.000% 01/24/20200.1%
Boeing Co.3.250% 02/01/20350.1%
Interest Rate Swap0.000% 04/01/20290.1%
Bancorp Commercial Mortgage 2018-CRE3 Trust/The2.878% 01/15/20330.1%
JP Morgan Chase Commercial Mortgage Securities Tru4.549% 07/05/20330.1%
Federal Home Loan Mortgage Corp.2.238% 02/25/20320.1%
South Carolina Electric & Gas Co.6.625% 02/01/20320.1%
Westgate Resorts 2018-1 LLC3.380% 12/20/20310.1%
Exelon Generation Co. LLC5.750% 10/01/20410.1%
Bayer Corp6.650% 02/15/20280.1%
Flagship Credit Auto Trust 2018-12.590% 06/15/20220.1%
Elm CLO 2014-1 Ltd3.473% 01/17/20290.1%
Quality Distribution, Inc.10.604% 08/18/20230.1%
Perimeter Master Note Business Trust8.060% 12/15/20220.1%
Arcor6.000% 07/06/20230.1%
Chesapeake Funding II LLC1.990% 05/15/20290.1%
EPR Properties4.950% 04/15/20280.1%
Bahamas Government International Bond6.950% 11/20/20290.1%
Burlington Northern Santa Fe LLC5.750% 05/01/20400.1%
Ecopetrol S.A.5.875% 05/28/20450.1%
TRI Pointe Homes LLC5.250% 06/01/20270.1%
Flagship Credit Auto Trust 2017-32.590% 07/15/20220.1%
Kinross Gold Corp.5.950% 03/15/20240.1%
Surgery Center Holdings, Inc.10.000% 04/15/20270.1%
Bank of America Corp.4.450% 03/03/20260.1%
CPS Auto Trust3.430% 07/15/20220.1%
Latvia Government International Bond5.250% 06/16/20210.1%
Ally Financial, Inc.8.000% 11/01/20310.1%
Enterprise Fleet Financing LLC2.870% 10/20/20230.1%
Madison Park Funding XXI Ltd3.806% 07/25/20290.1%
Palmer Square Loan Funding 2018-1 Ltd3.703% 04/15/20260.1%
Republic of Argentina5.875% 01/11/20280.1%
Adani Ports & Special Economic Zone Ltd4.000% 07/30/20270.1%
Drive Auto Receivables Trust3.040% 11/15/20210.1%
Diamond Resorts Owner Trust4.110% 10/22/20290.1%
Diebold, Inc.8.500% 04/15/20240.1%
Nigeria Government International Bond7.143% 02/23/20300.1%
Calpine Corp.5.750% 01/15/20250.1%
Emirates Semb Corp Water & Power Co PJSC4.450% 08/01/20350.1%
Promontoria Holding 264 BV6.750% 08/15/20230.1%
Valeant Pharmaceuticals International, Inc.9.250% 04/01/20260.1%
Avery Point CLO Ltd.3.876% 04/25/20260.1%
Community Health Systems, Inc.8.000% 11/15/20190.1%
United Rentals, Inc.4.875% 01/15/20280.0%
Kratos Defense & Security Solutions Inc6.500% 11/30/20250.0%
JB y Co SA de CV3.750% 05/13/20250.0%
AMC Networks, Inc.4.750% 08/01/20250.0%
Tenet Healthcare Corp.6.250% 02/01/20270.0%
Galaxy XXI CLO Ltd3.298% 04/20/20310.0%
AT&T, Inc.6.100% 07/15/20400.0%
RegionalCare Hospital Partners Holdings Inc / Life9.750% 12/01/20260.0%
ACC Trust 2018-14.820% 05/20/20210.0%
Dell International LLC / EMC Corp.5.450% 06/15/20230.0%
Qtel International Finance Ltd.3.750% 06/22/20260.0%
Albertsons Cos Inc / Safeway Inc / New Albertsons6.625% 06/15/20240.0%
Acadia Healthcare Co., Inc.6.500% 03/01/20240.0%
CPS Auto Trust2.870% 09/15/20210.0%
Empresas Publicas de Medellin ESP4.250% 07/18/20290.0%
Minejesa Capital BV4.625% 08/10/20300.0%
Williams Scotsman International Inc6.875% 08/15/20230.0%
California Republic Auto Receivables Trust 2018-12.860% 03/15/20210.0%
California Republic Auto Receivables Trust 2016-21.830% 12/15/20210.0%
Foursight Capital Automobile Receivables Trust 2013.530% 04/17/20230.0%
Pertamina Persero PT5.625% 05/20/20430.0%
Egypt Government International Bond6.125% 01/31/20220.0%
Drive Auto Receivables Trust4.180% 03/15/20240.0%
Genesis Sales Finance Master Trust Series 2019-A6.880% 08/20/20230.0%
Affiliated Managers Group, Inc.4.250% 02/15/20240.0%
California Republic Auto Receivables Trust 2017-12.910% 12/15/20220.0%
Provincia de Mendoza Argentina8.375% 05/19/20240.0%
Ghana Government International Bond7.875% 08/07/20230.0%
COMM Mortgage Trust4.584% 07/10/20500.0%
Sinopec Group Overseas Development 2013 Ltd.4.375% 10/17/20230.0%
Pennsylvania5.350% 05/01/20300.0%
Red de Carreteras de Occidente SAPIB de CV9.000% 06/10/20280.0%
Broadcom Corp. / Broadcom Cayman Finance Ltd.3.625% 01/15/20240.0%
Aston Martin Capital Holdings Ltd6.500% 04/15/20220.0%
Danske Bank A/S4.375% 06/12/20280.0%
SCF Equipment Leasing 2017-2 LLC3.410% 12/20/20230.0%
Dominican Republic International Bond6.500% 02/15/20480.0%
Interest Rate Swap0.000% 06/07/20210.0%
Palmer Square Loan Funding 2018-5 Ltd3.678% 01/20/20270.0%
Pelabuhan Indonesia III Persero PT4.500% 05/02/20230.0%
Delphi Automotive plc4.350% 03/15/20290.0%
Santander UK plc5.000% 11/07/20230.0%
PHEAA Student Loan Trust I2.546% 04/25/20380.0%
Egypt Government International Bond7.903% 02/21/20480.0%
WFRBS Commercial Mortgage Trust0.736% 10/15/20570.0%
Dayton Power & Light Co.3.950% 06/15/20490.0%
ACC Trust 2018-16.810% 02/21/20230.0%
Halcyon Loan Advisors Funding Ltd.4.426% 07/25/20270.0%
Country Garden Holdings Co. Ltd.4.750% 01/17/20230.0%
Nine Energy Service Inc8.750% 11/01/20230.0%
YPF S.A.8.500% 07/28/20250.0%
Mexichem SAB de CV4.875% 09/19/20220.0%
CPS Auto Receivables Trust 2018-A2.770% 04/18/20220.0%
Gazprom OAO Via Gaz Capital SA4.950% 02/06/20280.0%
Providence St Joseph Health Obligated Group2.532% 10/01/20290.0%
Government National Mortgage Association2.900% 02/16/20530.0%
Santander Drive Auto Receivables Trust 2017-32.760% 12/15/20220.0%
GS Mortgage Securities Trust4.557% 07/10/20480.0%
WFRBS Commercial Mortgage Trust0.307% 10/15/20570.0%
CPS Auto Receivables Trust 2018-A3.050% 12/15/20230.0%
Flagship Credit Auto Trust 2017-42.070% 04/15/20220.0%
Syngenta Finance NV4.441% 04/24/20230.0%
Apidos CLO XVI5.303% 01/19/20250.0%
Republic of Turkey3.250% 03/23/20230.0%
Carvana Auto Receivables Trust 2019-15.640% 01/15/20260.0%
Perimeter Master Note Business Trust6.020% 12/15/20220.0%
International Lease Finance Corp.5.875% 08/15/20220.0%
Genesis Sales Finance Master Trust Series 2019-A5.420% 08/20/20230.0%
TCI-Symphony CLO 2016-1 Ltd3.783% 10/13/20290.0%
Sri Lanka (Democratic Socialist Republic of)6.850% 11/03/20250.0%
Turkiye Garanti Bankasi AS5.875% 03/16/20230.0%
Fairstone Financial Issuance Trust I3.948% 03/21/20330.0%
Ascentium Equipment Receivables 2016-2 Trust2.500% 09/12/20220.0%
CPS Auto Receivables Trust6.580% 03/15/20220.0%
ACC Trust 2019-16.410% 02/20/20240.0%
Sri Lanka (Democratic Socialist Republic of)6.250% 07/27/20210.0%
American Credit Acceptance Receivables Trust 2016-6.090% 05/12/20220.0%
Barrick North America Finance LLC7.500% 09/15/20380.0%
Dell International LLC / EMC Corp6.020% 06/15/20260.0%
Foursight Capital Automobile Receivables Trust 2013.680% 08/15/20230.0%
Fairstone Financial Issuance Trust I6.299% 03/21/20330.0%
Chrysler Capital Auto Receivables Trust 2016-A3.250% 06/15/20220.0%
Time Warner Cable LLC6.550% 05/01/20370.0%
Energy Transfer Operating LP6.250% 04/15/20490.0%
Grupo de Inversiones Suramericana SA5.500% 04/29/20260.0%
Pertamina Persero PT4.700% 07/30/20490.0%
Morgan Stanley7.250% 04/01/20320.0%
SFAVE Commercial Mortgage Securities Trust3.872% 01/05/20430.0%
California Republic Auto Receivables Trust2.700% 09/15/20210.0%
Popular, Inc.6.125% 09/14/20230.0%
Carmax Auto Owner Trust1.390% 05/17/20210.0%
Ascentium Equipment Receivables 2017-1 Trust2.290% 06/10/20210.0%
Exelon Generation Co. LLC5.600% 06/15/20420.0%
OneMain Financial Issuance Trust 2016-1A3.660% 02/20/20290.0%
Foursight Capital Automobile Receivables Trust 2012.850% 08/16/20210.0%
KOC Holding AS5.250% 03/15/20230.0%
BMW Vehicle Owner Trust 2018-A2.090% 11/25/20200.0%
Hudsons Bay Simon JV Trust0.723% 08/05/20340.0%
Drive Auto Receivables Trust3.020% 11/15/20210.0%
Merrill Lynch Mortgage Investors Trust Series6.250% 10/25/20360.0%
Citigroup Commercial Mortgage Trust0.332% 10/10/20470.0%
Fairstone Financial Issuance Trust I7.257% 03/21/20330.0%
Flagship Credit Auto Trust 2017-31.880% 10/15/20210.0%
Enterprise Fleet Financing LLC2.130% 07/20/20220.0%
Energy Transfer Partners LP / Regency Energy Finan5.000% 10/01/20220.0%
Fairstone Financial Issuance Trust I5.084% 03/21/20330.0%
SFAVE Commercial Mortgage Securities Trust4.144% 01/05/20430.0%
Access Point Funding I 2017-1 LLC3.060% 04/15/20290.0%
Mercedes-Benz Auto Receivables Trust 2016-11.260% 02/16/20210.0%
Drive Auto Receivables Trust 2018-53.080% 07/15/20210.0%
Romania6.125% 01/22/20440.0%
Drive Auto Receivables Trust 2018-52.348% 07/15/20210.0%
Hudsons Bay Simon JV Trust0.665% 08/05/20340.0%
Foursight Capital Automobile Receivables Trust 2012.870% 10/15/20210.0%
WFRBS Commercial Mortgage Trust1.133% 05/15/20470.0%
Diamond Resorts Owner Trust3.080% 11/20/20280.0%
General Electric Co.6.150% 08/07/20370.0%
New Century Home Equity Loan Trust4.688% 08/25/20350.0%
Sequoia Mortgage Trust 2012-42.069% 09/25/20420.0%
Autoridad del Canal de Panama4.950% 07/29/20350.0%
COMM Mortgage Trust1.192% 08/10/20470.0%
Trimble Navigation Ltd.4.900% 06/15/20280.0%
Government National Mortgage Association2.200% 04/16/20470.0%
GS Mortgage Securities Trust4.668% 11/10/20470.0%
SLM Private Education Loan Trust5.278% 05/16/20440.0%
JPMBB Commercial Mortgage Securities Trust0.929% 04/15/20470.0%
WFRBS Commercial Mortgage Trust0.736% 05/15/20470.0%
DOMMO ENERGIA SA-SP ADR0.000% -0.0%
FX USD/EUR 12/190.000% 12/09/20190.0%
JPMBB Commercial Mortgage Securities Trust0.460% 04/15/20470.0%
Afren plc10.250% 04/08/20220.0%
Eneva SA0.000% -0.0%
Federal Home Loan Mortgage Corp.3.500% 04/01/20490.0%
Chrysler Capital Auto Receivables Trust 2016-A2.880% 06/15/20220.0%
OGX Austria GmbH8.500% 06/01/20190.0%
US 10YR ULTRA FUT DEC190.000% 12/31/20190.0%
US 2YR NOTE (CBT) DEC190.000% 01/06/20200.0%
US LONG BOND(CBD) DEC190.000% 12/31/20190.0%
US ULTRA BOND CBT DEC190.000% 12/31/20190.0%
FX USD/MXN 11/190.000% 11/14/20190.0%
US 5YR NOTE (CBT) DEC190.000% 01/06/20200.0%
FX USD/CAD 12/190.000% 12/13/20190.0%
Interest Rate Swap0.000% 04/01/20290.0%
Interest Rate Swap2.404% 04/01/2029-0.1%

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

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 11/15/2019
$0.278
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 10/31/2019 $0.02382 $10.53
Daily Daily 09/30/2019 $0.02783 $10.53
Daily Daily 08/31/2019 $0.02418 $10.60
Daily Daily 07/31/2019 $0.02676 $10.44
Daily Daily 06/30/2019 $0.03000 $10.43
Daily Daily 05/31/2019 $0.03073 $10.32
Daily Daily 04/30/2019 $0.02925 $10.20
Daily Daily 03/31/2019 $0.03112 $10.21
Daily Daily 02/28/2019 $0.02676 $10.07
Daily Daily 01/31/2019 $0.02822 $10.09

Upcoming Dividend Payment Dates

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

Capital Gains Distributions

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

Taxed as ordinary income

Lord Abbett does not provide tax advice. It is strongly recommended that you discuss the impact of dividends and distributions with your tax advisor. 

Upcoming Capital Gain Distribution

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

Fees & Expenses

Fees & Expenses

Expense Ratioas of 10/31/2019

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

Expense ratio details, Click here.

Fund Documents

Fund Documents

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Summary Prospectus
Publish Date:11/03/2015
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Statutory Prospectus
Publish Date:11/03/2015
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Prospectus (XBRL)
Publish Date:11/03/2015
SAI
Publish Date:11/03/2015
Annual Report
Publish Date:11/03/2015
Semi-Annual Report
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015
Publish Date:11/03/2015

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

1

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

 

2

The 30-Day Standardized Yield represents net investment income earned by a fund over a 30-day period. It is expressed as an annual percentage rate using a method of calculation adopted by the Securities and Exchange Commission (SEC). Yields for other share classes will vary.

 

3

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

 

4

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

 

5

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

 

6

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

 

IMPORTANT INFORMATION

 

A Note about Risk: The Fund is subject to the general risks associated with investing in debt securities, including market, credit, liquidity, and interest rate risk. The value of an investment in the Fund will change as interest rates fluctuate in response to market movements. When interest rates rise, the prices of debt securities are likely to decline, and when interest rates fall, the prices of debt securities tend to rise. The Fund may invest in high yield, lower-rated debt securities, sometimes called junk bonds and may involve greater risks than higher rated debt securities. These securities carry increased risks of price volatility, illiquidity, and the possibility of default in the timely payment of interest and principal. The Fund may invest in foreign or emerging market securities, which may be adversely affected by economic, political, or regulatory factors and subject to currency volatility and greater liquidity risk. The Fund may invest in derivatives, which are subject to greater liquidity, leverage, and counterparty risk. These factors can affect Fund performance.  

 

Performance data quoted is historical. Past performance is not indicative of future results. Current performance may be higher or lower than the performance quoted. The investment return and principal value of an investment in the Fund will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than their original cost. To obtain performance data current to the most recent quarter-end, go to quarter ending performance on our Website or call Lord Abbett at (888) 522-2388.

 

 

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by Standard & Poor’s Financial Services, LLC, and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, © 2011 American Bankers Association. “CUSIP” is a registered trademark of the American Bankers Association.

 

Class I - SEC Returns reflect performance for Class I shares at Net Asset Value.

Except as noted below, returns with sales charges reflect a maximum sales charge of 2.50%. There are also ongoing 12b-1 service and distribution fees.

Class A Shares purchased subject to a front-end sales charge have no contingent deferred sales charge (CDSC). However, certain purchases of Class A shares made without a front-end sales charge may be subject to a CDSC of 1.50% if the shares are repurchased before the first day of the month in which the one year anniversary of the purchase falls. The CDSC is not reflected in the performance with maximum sales charge.

Except as noted below, returns with sales charges reflect a maximum sales charge of 2.50%. There are also ongoing 12b-1 service and distribution fees.

Class A Shares purchased subject to a front-end sales charge have no contingent deferred sales charge (CDSC). However, certain purchases of Class A shares made without a front-end sales charge may be subject to a CDSC of 1.50% if the shares are repurchased before the first day of the month in which the one year anniversary of the purchase falls. The CDSC is not reflected in the performance with maximum sales charge.

With Sales Charge - Returns with sales charges reflect applicable fees and expenses and include all distributions reinvested.

 

Without Sales Charge - Returns shown are without sales charges and have all distributions reinvested. If a sales charge had been deducted, the results would have been lower.

 

Returns shown at less than a year reflect aggregate total returns.

 

Double-Digit Returns - instances of high double-digit returns were achieved primarily during favorable market conditions and may not be sustainable over time.   

 

The Bloomberg Barclays U.S. Universal Index represents the union of the U.S. Aggregate Index, the U.S. High-Yield Corporate Index, the 144A Index, the Eurodollar Index, the Emerging Markets Index, and the non-ERISA portion of the CMBS Index. Municipal debt, private placements, and non-dollar-denominated issues are excluded from the Universal Index. The only constituent of the index that includes floating-rate debt is the Emerging Markets Index.

Indexes reflect total return, unless otherwise specified, with all dividends reinvested. Indexes are unmanaged, do not reflect the deduction of fees or expenses, and are not available for direct investment.

 

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

 

Lipper Category Average - Peer group averages are based on universes of funds with the same investment objectives. The average return for the peer group is based on the returns of each individual fund within the group for the period shown. This average assumes reinvestment of dividends.

 

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

 

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

 

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

 

Lipper Category Average Expense Ratio reflects the average net expenses of Class A shares of all funds with in the peer group based on Lipper data available.

 

The Fund's portfolio is actively managed and portfolio characteristics, such as individual holdings and sector weightings may change significantly over time. The portfolio data is for information only. It does not constitute a recommendation or an offer for a particular security or fund, nor should it be taken as a solicitation or recommendation to buy or sell securities or other investments.  

 

Dividends and Capital Gains: The information presented in this section is intended for general information and is not intended to be relied upon and should not be relied upon, as financial, legal or tax advice for any particular investor. We strongly recommend that you contact your financial, legal or tax advisor regarding your particular tax situation.

The information presented in this section is not written or intended to be used, and cannot be used, for the purpose of avoiding any tax liabilities or penalties.

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