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Total Return Fund

Daily price w/o sales charge as of 07/06/2020

$10.70

arrowUp$0.01

YTD Returns w/o sales charge as of 07/06/2020

3.61%

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 07/06/2020  

w/o sales charge 2.61%

30-Day Standardized Yield 2 as of 05/31/2020  

2.19%

Fund Basicsas of 05/29/2020

Total Net Assets
$4.06 B
Inception Date
06/30/2015
Dividend Frequency
Monthly
Fund Expense Ratio
0.73%
Number of Holdings
594

Fund Expense Ratio :

0.73%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge 3.28% 5.20% 3.86% 3.48% 3.88% -
Lipper Category Avg. Core Bond Funds - - - - - -
Bloomberg Barclays U.S. Aggregate Bond Index 6.14% 8.74% 5.32% 4.30% 3.82% -

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

Fund Expense Ratio :

0.73%

Fund Expense Ratio :

0.73%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge 3.28% 5.20% 3.86% 3.48% 3.88% -
Lipper Category Avg. Core Bond Funds - - - - - -
Bloomberg Barclays U.S. Aggregate Bond Index 6.14% 8.74% 5.32% 4.30% 3.82% -

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

Fund Expense Ratio :

0.73%

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

Type Assets
Investment Grade Corporate
U.S. Government Related
MBS
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 05/29/2020 View Portfolio

Rating Assets
U.S. Treasury
Agency
AAA
AA
A
BBB
<BBB
Not Rated

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

INVESTMENT TEAM

Kewjin Yuoh
Kewjin Yuoh

Partner & Portfolio Manager

26 Years of Industry Experience

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

Partner & Portfolio Manager

22 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Director of Taxable Fixed Income

19 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Chief Investment Officer

29 Years of Industry Experience

Supported By 61 Investment Professionals with 16 Years Avg. Industry Experience

Contact a Representative

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

Performance

Performance

Dividend Yield 1 as of 07/06/2020  

w/o sales charge 2.61%

30-Day Standardized Yield 2 as of 05/31/2020  

  Subsidized5 Un-Subsidized6
w/o sales charge 2.19% 2.19%

Fund Expense Ratio :

0.73%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge 3.28% 5.20% 3.86% 3.48% 3.88% -
Lipper Category Avg. Core Bond Funds - - - - - -
Bloomberg Barclays U.S. Aggregate Bond Index 6.14% 8.74% 5.32% 4.30% 3.82% -

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

Fund Expense Ratio :

0.73%

Fund Expense Ratio :

0.73%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge 3.28% 5.20% 3.86% 3.48% 3.88% -
Lipper Category Avg. Core Bond Funds - - - - - -
Bloomberg Barclays U.S. Aggregate Bond Index 6.14% 8.74% 5.32% 4.30% 3.82% -

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

Fund Expense Ratio :

0.73%

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

Year Fund Returns Bloomberg Barclays U.S. Aggregate Bond Index
2019 8.26% 8.72%
2018 -0.98% 0.01%
2017 3.78% 3.54%
2016 4.00% 2.65%
2015 -0.68% 0.55%
2014 6.06% 5.97%
2013 -1.44% -2.02%
2012 7.66% 4.22%
2011 7.14% 7.84%
2010 7.66% 6.54%
2009 15.79% -
2008 -1.21% -
2007 5.79% -
2006 4.37% -
2005 2.41% -
2004 4.31% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2020 -1.18% 4.51% - - 3.61%
2019 3.21% 2.98% 1.64% 0.21% 8.26%
2018 -1.52% -0.36% 0.24% 0.67% -0.98%
2017 1.13% 1.42% 0.82% 0.36% 3.78%
2016 2.81% 2.70% 1.13% -2.60% 4.00%
2015 1.57% -1.51% -0.07% -0.65% -0.68%
2014 2.32% 2.49% 0.05% 1.10% 6.06%
2013 0.48% -2.82% 0.48% 0.46% -1.44%
2012 1.81% 1.93% 2.69% 1.03% 7.66%
2011 1.00% 2.07% 2.37% 1.52% 7.14%
2010 2.43% 2.84% 3.29% -1.05% 7.66%
2009 2.45% 5.65% 6.25% 0.69% 15.79%
2008 1.01% -0.01% -2.02% -0.17% -1.21%
2007 1.41% -0.72% 2.75% 2.26% 5.79%
2006 -0.35% -0.25% 3.74% 1.20% 4.37%
2005 -0.25% 2.95% -0.68% 0.41% 2.41%
2004 - - - 1.09% 4.31%

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Rating Assets
Investment Grade Corporate
U.S. Government Related
MBS
ABS
High Yield Corporate
CMBS
Sovereign
Bank Loans
Other
Cash
Rating Assets
Less than 1 year
1-3 years
3-5 years
5-7 years
7-10 years
Greater than 10 years

Credit Quality Distribution as of 05/29/2020

Rating Assets
U.S. Treasury
Agency
AAA
AA
A
BBB
<BBB
Not Rated

Portfolio Positioning as of 3/31/2020

  • Over the quarter we decreased the portfolio’s overweight to agency mortgage-backed securities (MBS). The asset class outperformed corporate credit  and other securitized products, as it benefited from the Fed’s announcement that they would buy a minimum of $200B of agency MBS to help stimulate the economy. Given the relative outperformance, we used proceeds from the sales of agency MBS in order to allocate to sectors with more attractive relative value, in our opinion.
  • We reallocated proceeds from the sales of agency MBS and invested in corporate credit. With the continued weakness throughout the quarter in both investment grade and high yield corporate credit, and relative underperformance compared to securitized products, we found the valuations of certain issues to be fairly attractive. Notably, we added to short-term corporate debt, which is a part of the market where we saw a severe dislocation as many investors aggressively sold short-term bonds in order to raise cash.
  • We maintained our overweight position within asset-backed securities (ABS). 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). Also, the details of an expanded unemployment program in the stimulus bill give us confidence that high quality consumer exposed ABS are still healthy credits.

Portfolio Details as of 05/29/2020

Total Net Assets
$4.06 B
Number of Issues
594
Average Coupon
3.34%
Average Life
7.63 Years
Average Maturity
-
Average Effective Duration
5.96 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 JUN 4.000% 02/01/2047 7.8%
30-YR UMBS-TBA PROD JUN 3.500% 10/01/2046 4.9%
U.S. Treasury Note/Bond 2.500% 01/31/2021 4.4%
United States Treasury Bill 0.000% 07/30/2020 4.2%
30-YR UMBS-TBA PROD JUN 3.000% 09/01/2045 3.7%
U.S. Treasury Note/Bond 0.250% 05/31/2025 3.2%
U.S. Treasury Note/Bond 0.125% 04/30/2022 3.2%
U.S. Treasury Note/Bond 0.125% 05/31/2022 2.8%
30-YR GNMA II-TBA PROD JUN 3.500% 07/01/2049 2.8%
U.S. Treasury Note/Bond 2.750% 11/15/2047 2.5%
% of Total Assets 39.5%
Holding Coupon Maturity Assets
30-YR UMBS-TBA PROD JUN4.000% 02/01/20477.8%
30-YR UMBS-TBA PROD JUN3.500% 10/01/20464.9%
U.S. Treasury Note/Bond2.500% 01/31/20214.4%
United States Treasury Bill0.000% 07/30/20204.2%
30-YR UMBS-TBA PROD JUN3.000% 09/01/20453.7%
U.S. Treasury Note/Bond0.250% 05/31/20253.2%
U.S. Treasury Note/Bond0.125% 04/30/20223.2%
U.S. Treasury Note/Bond0.125% 05/31/20222.8%
30-YR GNMA II-TBA PROD JUN3.500% 07/01/20492.8%
U.S. Treasury Note/Bond2.750% 11/15/20472.5%
U.S. Treasury Note0.625% 04/15/20232.1%
U.S. Treasury Note/Bond3.625% 08/15/20432.0%
Federal National Mortgage Assoc.4.000% 10/01/20481.6%
Federal National Mortgage Assoc.3.500% 09/01/20471.3%
U.S. Treasury Note/Bond1.250% 05/15/20501.0%
JPMorgan Chase & Co.3.782% 02/01/20280.7%
Federal National Mortgage Assoc.3.500% 03/01/20500.7%
Drive Auto Receivables Trust5.300% 07/15/20240.6%
Biogen Idec, Inc.2.250% 05/01/20300.5%
NiSource, Inc.3.490% 05/15/20270.5%
Eli Lilly & Co.2.250% 05/15/20500.5%
Ford Credit Auto Owner Trust 2019-C1.880% 07/15/20220.4%
Cox Communications, Inc.8.375% 03/01/20390.4%
Santander Drive Auto Receivables Trust 2016-24.380% 09/15/20230.4%
VEREIT Operating Partnership L.P.4.875% 06/01/20260.4%
Tencent Holdings Ltd.3.595% 01/19/20280.4%
Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worl4.700% 02/01/20360.4%
Nvent Finance Sarl4.550% 04/15/20280.4%
DTE Electric Co2.625% 03/01/20310.4%
Alcon Finance Corp2.600% 05/27/20300.4%
UnitedHealth Group, Inc.3.500% 08/15/20390.4%
Ameren Corp.3.500% 01/15/20310.3%
BAT Capital Corp4.390% 08/15/20370.3%
ENI SpA5.700% 10/01/20400.3%
Federal National Mortgage Assoc.4.000% 01/01/20480.3%
HCA, Inc.5.500% 06/15/20470.3%
Bank of America Corp.3.593% 07/21/20280.3%
U.S. Treasury Note/Bond2.375% 11/15/20490.3%
Catholic Health Initiatives3.347% 10/01/20290.3%
Wells Fargo Bank, N.A.5.850% 02/01/20370.3%
PayPal Holdings, Inc.2.850% 10/01/20290.3%
SCF Equipment Leasing 2019-1 LLC3.920% 11/20/20260.3%
Broadcom Corp. / Broadcom Cayman Finance Ltd.3.875% 01/15/20270.3%
Great Wolf Trust 2019-WOLF1.218% 12/15/20360.3%
General Motors Co.6.600% 04/01/20360.3%
AT&T, Inc.6.250% 03/29/20410.3%
Boeing Co.4.875% 05/01/20250.3%
United Technologies Corp.2.250% 07/01/20300.3%
Boston Scientific Corp.2.650% 06/01/20300.3%
Anglo American Capital plc4.750% 04/10/20270.3%
Kayne CLO 7 Ltd2.607% 04/17/20330.3%
Benefit Street Partners CLO IV Ltd2.385% 01/20/20290.3%
Shackleton 2019-XIV Clo Ltd3.035% 07/20/20300.3%
Wells Fargo Bank, N.A.6.600% 01/15/20380.3%
Federal Home Loan Mortgage Corp.4.000% 10/01/20490.3%
Macquarie Group Ltd.4.654% 03/27/20290.3%
JD.com, Inc.3.375% 01/14/20300.3%
Republic of Indonesia3.400% 09/18/20290.3%
Morgan Stanley3.625% 01/20/20270.3%
Santander Drive Auto Receivables Trust 2016-15.020% 06/15/20230.3%
Berkshire Hathaway Energy Co.3.800% 07/15/20480.3%
Teachers Insurance & Annuity Association of Americ4.900% 09/15/20440.3%
Anglo American Capital plc4.000% 09/11/20270.3%
BMW Vehicle Owner Trust 2019-A2.050% 05/25/20220.3%
Ally Auto Receivables Trust 2019-41.930% 10/17/20220.3%
CVS Caremark Corp.3.625% 04/01/20270.3%
Baker Hughes a GE Co LLC / Baker Hughes Co-Obligor4.080% 12/15/20470.3%
UBS AG Registered Shares5.125% 05/15/20240.3%
ME Funding LLC 2019-16.448% 07/30/20490.2%
Boeing Co.5.040% 05/01/20270.2%
Toronto-Dominion Bank3.625% 09/15/20310.2%
Exelon Generation Co. LLC3.250% 06/01/20250.2%
Roper Industries, Inc.3.650% 09/15/20230.2%
Dell International LLC / EMC Corp.8.350% 07/15/20460.2%
ALM VII Ltd3.069% 07/15/20290.2%
Entergy Louisiana LLC4.000% 03/15/20330.2%
Citigroup, Inc.3.980% 03/20/20300.2%
CVS Caremark Corp.5.050% 03/25/20480.2%
CNAC HK Finbridge Co Ltd4.125% 07/19/20270.2%
Dominion Resources, Inc.3.375% 04/01/20300.2%
Emera US Finance L.P.4.750% 06/15/20460.2%
BX Trust 2018-GW0.984% 05/15/20350.2%
BAE Systems plc3.400% 04/15/20300.2%
Tyco Electronics Group S.A.2.342% 06/05/20200.2%
SCF Equipment Leasing 2019-2 LLC2.760% 08/20/20260.2%
National Fuel Gas Co.5.500% 01/15/20260.2%
Glencore Finance Canada Ltd.5.550% 10/25/20420.2%
Nissan Auto Lease Trust 2019-B2.270% 10/15/20210.2%
Westlake Automobile Receivables Trust 2020-12.520% 04/15/20250.2%
Dominion Gas Holdings LLC4.600% 12/15/20440.2%
Sprint Capital Corp.6.875% 11/15/20280.2%
AerCap Ireland Capital Ltd.3.500% 01/15/20250.2%
Delta Air Lines, Inc.7.000% 05/01/20250.2%
Oracle Corp.6.125% 07/08/20390.2%
JP Morgan Chase Commercial Mortgage Securities Tru1.184% 06/15/20320.2%
Ford Credit Floorplan Master Owner Trust A2.390% 08/15/20220.2%
BX Trust 2019-OC113.202% 12/09/20410.2%
Perimeter Master Note Business Trust4.310% 12/15/20220.2%
Kraft Heinz Foods Co.4.375% 06/01/20460.2%
Ausgrid Finance Pty Ltd4.350% 08/01/20280.2%
Anthem, Inc.2.250% 05/15/20300.2%
WEA Finance LLC2.875% 01/15/20270.2%
NVR, Inc.3.000% 05/15/20300.2%
JBS USA LUX SA / JBS USA Food Co / JBS USA Finance6.500% 04/15/20290.2%
Cargill Inc2.125% 04/23/20300.2%
Morgan Stanley3.875% 01/27/20260.2%
Carnival Corp.11.500% 04/01/20230.2%
Stryker Corp.1.950% 06/15/20300.2%
NXP BV / NXP Funding LLC / NXP USA Inc3.150% 05/01/20270.2%
Verus Securitization Trust 2020-12.417% 01/25/20600.2%
SLC Student Loan Trust 2008-12.341% 12/15/20320.2%
Longfor Properties Co. Ltd.4.500% 01/16/20280.2%
Visa, Inc.1.900% 04/15/20270.2%
Salem Fields CLO Ltd 2016-22.944% 10/25/20280.2%
MHP Lux SA6.250% 09/19/20290.2%
Hardee's Funding LLC4.959% 06/20/20480.2%
Tralee CLO III Ltd2.165% 10/20/20270.2%
Petroleos Mexicanos5.350% 02/12/20280.2%
Capital One Multi-Asset Execution Trust2.060% 08/15/20280.2%
American Credit Acceptance Receivables Trust 2019-3.050% 05/12/20230.2%
Anheuser-Busch InBev Worldwide, Inc.3.500% 06/01/20300.2%
Ford Motor Co.7.450% 07/16/20310.2%
Continental Resources, Inc.3.800% 06/01/20240.2%
Phosagro OAO via Phosagro Bond Funding Ltd3.949% 04/24/20230.2%
JP Morgan Chase Commercial Mortgage Securities Tru1.553% 07/05/20330.2%
Deephaven Residential Mortgage Trust 2019-32.964% 07/25/20590.2%
HCA, Inc.5.250% 06/15/20260.2%
Marble Point CLO XVII Ltd2.196% 04/20/20330.2%
Citibank Credit Card Issuance Trust2.490% 01/20/20230.2%
Country Garden Holdings Co. Ltd.4.750% 09/28/20230.2%
Honda Auto Receivables 2019-1 Owner Trust2.750% 09/20/20210.2%
Valero Energy Corp.10.500% 03/15/20390.2%
Saudi Arabian Oil Co2.875% 04/16/20240.2%
Angel Oak Mortgage Trust I LLC 2019-42.993% 07/26/20490.2%
World Financial Network Credit Card Master Trust2.660% 08/15/20240.2%
Ameriprise Financial, Inc.3.000% 04/02/20250.2%
Mountain View CLO 2017-1 LLC2.266% 10/16/20290.2%
TPG Real Estate Finance 2018-FL2 Issuer LTD1.314% 11/15/20370.2%
Sabine Pass Liquefaction LLC5.875% 06/30/20260.2%
Michigan Fin Auth3.084% 12/01/20340.2%
World Financial Network Credit Card Master Trust2.210% 07/15/20260.2%
Bank of America Corp.3.970% 03/05/20290.2%
Netflix, Inc.4.875% 04/15/20280.2%
Albertsons Cos Inc / Safeway Inc / New Albertsons4.875% 02/15/20300.2%
Mattel, Inc.6.750% 12/31/20250.2%
Equinix, Inc.2.625% 11/18/20240.2%
FirstEnergy Transmission LLC4.550% 04/01/20490.2%
Orec 2018-CRE1 Ltd1.364% 06/15/20360.2%
Octagon Investment Partners 29 Ltd2.200% 01/24/20330.2%
Credit Index Swap5.000% 06/20/20250.2%
XPO Logistics, Inc.6.250% 05/01/20250.2%
Alibaba Group Holding Ltd.3.400% 12/06/20270.2%
Qatar Government International Bond3.250% 06/02/20260.2%
Honda Auto Receivables 2020-2 Owner Trust0.740% 11/15/20220.2%
Santander UK plc7.950% 10/26/20290.2%
Bayer US Finance II LLC3.875% 12/15/20230.2%
Listrindo Capital BV4.950% 09/14/20260.2%
Netflix, Inc.6.375% 05/15/20290.2%
Time Warner Entertainment Co. L.P.8.375% 07/15/20330.2%
Kansas City Southern3.500% 05/01/20500.1%
National Securities Clearing Corp1.500% 04/23/20250.1%
Prosus NV5.500% 07/21/20250.1%
PetSmart, Inc.5.875% 06/01/20250.1%
JP Morgan Chase Commercial Mortgage Securities Tru1.484% 06/15/20320.1%
DBWF 2018-GLKS Mortgage Trust1.202% 12/19/20300.1%
COMM 2014-UBS4 Mortgage Trust4.706% 08/10/20470.1%
Sunac China Holdings Ltd7.875% 02/15/20220.1%
Drive Auto Receivables Trust 2017-15.170% 09/16/20240.1%
Navient Corp.5.000% 03/15/20270.1%
Zimmer Biomet Holdings, Inc.5.750% 11/30/20390.1%
EPR Properties4.950% 04/15/20280.1%
SCF Equipment Leasing 2019-2 LLC3.110% 06/21/20270.1%
General Electric Co.1.741% 03/15/20230.1%
Entergy Arkansas, Inc.4.200% 04/01/20490.1%
New Residential Mortgage Loan Trust 2019-NQM32.802% 07/25/20490.1%
BSPRT 2018-FL4 Issuer Ltd1.234% 09/15/20350.1%
Massachusetts Sch Bldg Auth3.395% 10/15/20400.1%
Federal National Mortgage Assoc.3.500% 09/01/20470.1%
Centene Corp.3.375% 02/15/20300.1%
Healthcare Trust of America Holdings LP3.100% 02/15/20300.1%
Petroleos Mexicanos4.500% 01/23/20260.1%
Goldman Sachs Group, Inc.2.557% 10/31/20220.1%
Wingstop Funding 2018-1 LLC4.970% 12/05/20480.1%
Carlisle Cos., Inc.2.750% 03/01/20300.1%
Quest Diagnostics, Inc.2.800% 06/30/20310.1%
Globo Comunicacao e Participacoes SA4.875% 01/22/20300.1%
ESH Hospitality, Inc.4.625% 10/01/20270.1%
Coty, Inc.6.500% 04/15/20260.1%
Laredo Petroleum Holdings, Inc.9.500% 01/15/20250.1%
Hardee's Funding LLC5.710% 06/20/20480.1%
South Carolina Electric & Gas Co.6.050% 01/15/20380.1%
Statoil ASA7.150% 11/15/20250.1%
Halcyon Loan Advisors Funding 2015-3 Ltd2.035% 10/18/20270.1%
CSMC 2020-AFC1 Trust2.240% 02/25/20500.1%
Government National Mortgage Association2.900% 02/16/20490.1%
Kookmin Bank1.750% 05/04/20250.1%
AerCap Ireland Capital Ltd.3.875% 01/23/20280.1%
Bank of America Corp.4.000% 01/22/20250.1%
Sound Point Clo XII Ltd3.735% 10/20/20280.1%
United Rentals, Inc.4.875% 01/15/20280.1%
KVK CLO 2016-1 Ltd4.369% 01/15/20290.1%
Capital Auto Receivables Asset Trust 2018-23.690% 12/20/20230.1%
Longtrain Leasing III LLC 2015-14.060% 01/15/20450.1%
Goldman Sachs Group, Inc.2.433% 02/23/20230.1%
Jamestown CLO IX Ltd3.785% 10/20/20280.1%
Flagship Credit Auto Trust 2018-33.590% 12/16/20240.1%
Empresa Nacional del Petroleo3.750% 08/05/20260.1%
JPMorgan Chase & Co.4.600% 12/31/20990.1%
CSAIL 2019-C18 Commercial Mortgage Trust3.321% 12/15/20520.1%
Exelon Generation Co. LLC5.750% 10/01/20410.1%
Leidos, Inc.7.125% 07/01/20320.1%
Avery Point VII CLO Ltd2.969% 01/15/20280.1%
World Omni Automobile Lease Securitization Trust 22.830% 07/15/20210.1%
Diamondback Energy, Inc.3.500% 12/01/20290.1%
Flagship Credit Auto Trust 2018-33.070% 02/15/20230.1%
Aqua America, Inc.3.566% 05/01/20290.1%
PSEG Power LLC8.625% 04/15/20310.1%
Wells Fargo Commercial Mortgage Trust4.103% 05/15/20480.1%
Republic of Turkey4.250% 04/14/20260.1%
COMM 2015-DC1 Mortgage Trust4.311% 02/10/20480.1%
PDC Energy, Inc.5.750% 05/15/20260.1%
Permanent Univ Fnd - Texas A&M Univ Sys3.660% 07/01/20470.1%
Advocate Health & Hospitals Corp3.387% 10/15/20490.1%
Neuberger Berman Group LLC4.875% 04/15/20450.1%
PFP 2019-6 Ltd1.232% 04/14/20370.1%
Citigroup, Inc.4.450% 09/29/20270.1%
SURA Asset Management SA4.375% 04/11/20270.1%
Volkswagen Group of America Finance LLC3.125% 05/12/20230.1%
Avid Automobile Receivables Trust 2019-12.620% 02/15/20240.1%
Deephaven Residential Mortgage Trust 2019-42.791% 10/25/20590.1%
Walgreen Co.3.200% 04/15/20300.1%
JFIN CLO 2014 Ltd2.585% 04/21/20250.1%
Pennsylvania Electric Co.3.600% 06/01/20290.1%
Baxter International, Inc.3.750% 10/01/20250.1%
TransDigm, Inc.6.375% 06/15/20260.1%
Northwoods Capital 20 Ltd6.151% 01/25/20300.1%
COMM Mortgage Trust4.430% 07/10/20500.1%
CF Industries, Inc.4.950% 06/01/20430.1%
Towd Point Asset Trust 2018-SL10.768% 01/25/20460.1%
CF Trust 2019-BOSS3.434% 12/15/20210.1%
Foothill-Eastern Transp Corridor Agy, CA4.094% 01/15/20490.1%
Match Group, Inc.5.000% 12/15/20270.1%
Chobani LLC / Chobani Finance Corp Inc7.500% 04/15/20250.1%
DISH DBS Corp.7.750% 07/01/20260.1%
GS Mortgage Securities Corp Trust 2018-RIVR1.134% 07/15/20350.1%
Tesla Motors, Inc.5.300% 08/15/20250.1%
Freeport-McMoRan, Inc.4.125% 03/01/20280.1%
MPH Acquisition Holdings LLC7.125% 06/01/20240.1%
Banco do Brasil SA4.625% 01/15/20250.1%
Consolidated Communications, Inc.6.500% 10/01/20220.1%
Mountain View CLO X Ltd2.661% 10/13/20270.1%
Radiology Partners Inc9.250% 02/01/20280.1%
MPT Operating Partnership L.P.5.000% 10/15/20270.1%
CNAC HK Finbridge Co Ltd3.500% 07/19/20220.1%
Select Medical Corp.6.250% 08/15/20260.1%
Citigroup, Inc.2.666% 01/29/20310.1%
Boyd Gaming Corp.6.000% 08/15/20260.1%
JPMorgan Chase & Co.3.540% 05/01/20280.1%
CCO Holdings LLC / CCO Holdings Capital Corp.5.000% 02/01/20280.1%
Exelon Corp.4.050% 04/15/20300.1%
Citigroup Commercial Mortgage Trust 2016-GC362.850% 02/10/20490.1%
Enviva Partners LP / Enviva Partners Finance Corp6.500% 01/15/20260.1%
CSC Holdings LLC5.500% 04/15/20270.1%
Citgo Holding, Inc.9.250% 08/01/20240.1%
Genesis Sales Finance Master Trust Series 2019-A4.680% 08/20/20230.1%
IRB Holding Corp7.000% 06/15/20250.1%
TCF Auto Receivables Owner Trust 2016-PT12.920% 10/17/20220.1%
Zayo Group Holdings, Inc.4.000% 03/01/20270.1%
Gap, Inc.8.625% 05/15/20250.1%
Navistar International Corp.9.500% 05/01/20250.1%
Toll Brothers Finance Corp.4.350% 02/15/20280.1%
Hewlett Packard Enterprise Co.2.567% 03/12/20210.1%
Spectra Energy Partners L.P.2.592% 06/05/20200.1%
Branch Banking & Trust Co.2.250% 03/11/20300.1%
BBCMS 2019-BWAY Mortgage Trust1.140% 11/25/20340.1%
Chinalco Capital Holdings Ltd4.000% 08/25/20210.1%
Buckeye Partners L.P.6.375% 01/22/20780.1%
Neuberger Berman Group LLC4.500% 03/15/20270.1%
MEDNAX, Inc.6.250% 01/15/20270.1%
Navient Private Education Refi Loan Trust 2018-D4.000% 12/15/20590.1%
Jamestown CLO VII Ltd.3.591% 07/25/20270.1%
Springleaf Finance Corp.5.375% 11/15/20290.1%
Northwoods Capital 20 Ltd4.701% 01/25/20300.1%
Century Communities, Inc.6.750% 06/01/20270.1%
Fibria Overseas Finance Ltd.4.000% 01/14/20250.1%
California7.625% 03/01/20400.1%
Scripps Escrow Inc5.875% 07/15/20270.1%
Banco de Credito e Inversiones3.500% 10/12/20270.1%
Capital Auto Receivables Asset Trust 2018-12.790% 01/20/20220.1%
Kennametal, Inc.4.625% 06/15/20280.1%
GUSAP III LP4.250% 01/21/20300.1%
Cedar Funding VI CLO Ltd2.735% 10/20/20280.1%
Aegea Finance Sarl5.750% 10/10/20240.1%
ViaSat, Inc.5.625% 04/15/20270.1%
Greenko Solar Mauritius Ltd5.950% 07/29/20260.1%
Hudsons Bay Simon JV Trust4.666% 08/05/20340.1%
Warrior Met Coal Inc8.000% 11/01/20240.1%
Egypt Government International Bond6.588% 02/21/20280.1%
Penn National Gaming, Inc.5.625% 01/15/20270.1%
Palmer Square Loan Funding 2018-1 Ltd1.819% 04/15/20260.1%
Nigeria Government International Bond6.375% 07/12/20230.1%
Griffon Corp.5.750% 03/01/20280.1%
Surgery Center Holdings, Inc.10.000% 04/15/20270.1%
Trillium Credit Card Trust II0.518% 09/26/20230.1%
WPX Energy, Inc.5.250% 09/15/20240.1%
MEG Energy Corp.7.000% 03/31/20240.1%
Ally Financial, Inc.8.000% 11/01/20310.1%
Sound Point CLO XI Ltd.2.235% 07/20/20280.1%
VTR Finance B.V.6.875% 01/15/20240.1%
ITC Holdings Corp.3.350% 11/15/20270.1%
Time Warner Cable LLC7.300% 07/01/20380.1%
AT&T, Inc.4.300% 02/15/20300.1%
Sysco Corp.2.400% 02/15/20300.1%
Cemex, S.A.B. de C.V.5.450% 11/19/20290.1%
ReadyCap Commercial Mortgage Trust 2019-62.833% 10/25/20520.1%
COMM Mortgage Trust4.290% 07/10/20500.1%
UnitedHealth Group, Inc.2.900% 05/15/20500.1%
BAT Capital Corp4.700% 04/02/20270.1%
CSMC Series 2019-UVIL3.160% 12/15/20410.1%
Massachusetts Electric Co.4.004% 08/15/20460.1%
Sound Point Clo XV Ltd3.543% 01/23/20290.1%
Baidu, Inc.3.500% 11/28/20220.1%
Cigna Corp2.550% 09/17/20210.1%
SCF Equipment Leasing 2018-1 LLC3.630% 10/20/20240.1%
Oglethorpe Power Corp.5.950% 11/01/20390.1%
Global Payments, Inc.3.200% 08/15/20290.1%
Hyundai Auto Receivables Trust 2019-B1.930% 07/15/20220.1%
Scientific Games International, Inc.7.250% 11/15/20290.1%
Cleco Corp.4.973% 05/01/20460.1%
MMC Norilsk Nickel OJSC via MMC Finance Ltd.4.100% 04/11/20230.1%
Global Aircraft Leasing Co Ltd6.500% 09/15/20240.1%
ZF North America Capital, Inc.4.750% 04/29/20250.1%
Shimao Property Holdings Ltd.4.750% 07/03/20220.1%
Wells Fargo Commercial Mortgage Trust 2017-C413.785% 11/15/20500.1%
Affiliated Managers Group, Inc.3.500% 08/01/20250.1%
UBS-BAMLL Trust4.238% 06/10/20300.1%
MEG Energy Corp.7.125% 02/01/20270.1%
Minerva Luxembourg SA5.875% 01/19/20280.1%
Shackleton 2016-IX CLO Ltd3.035% 10/20/20280.1%
Atrium Hotel Portfolio Trust 2018-ATRM1.134% 06/15/20350.1%
Hudsons Bay Simon JV Trust5.159% 08/05/20340.1%
Starwood Mortgage Residential Trust 2020-12.275% 02/25/20500.1%
Deephaven Residential Mortgage Trust 2020-12.339% 01/25/20600.1%
SCF Equipment Leasing 2019-1 LLC3.230% 10/20/20240.1%
J.P. Morgan Chase Commercial Mortgage SecuritiesTr2.020% 11/15/20350.1%
PFS Financing Corp.3.080% 02/15/20230.1%
Comcast Corp.4.950% 10/15/20580.1%
Huntington Ingalls Industries, Inc.3.844% 05/01/20250.1%
Carmax Auto Owner Trust 2019-32.210% 12/15/20220.1%
Cleco Corp.3.375% 09/15/20290.1%
Cox Communications, Inc.4.700% 12/15/20420.1%
Planet Fitness Master Issuer LLC3.858% 12/05/20490.1%
Bank of America Corp.3.950% 04/21/20250.1%
China Railway Resources Huitung Ltd.3.850% 02/05/20230.1%
JP Morgan Chase Commercial Mortgage Securities Tru4.950% 07/05/20330.1%
Flagship Credit Auto Trust 2020-21.490% 07/15/20240.1%
Mercedes-Benz Auto Lease Trust 2019-A3.100% 11/15/20210.1%
El Paso Electric Co.5.000% 12/01/20440.1%
Brightsphere Investment Group Inc4.800% 07/27/20260.1%
Constellation Brands, Inc.2.875% 05/01/20300.1%
ACC Trust 2019-14.470% 10/20/20220.1%
AbbVie, Inc.4.250% 11/21/20490.1%
Northern Natural Gas4.300% 01/15/20490.1%
CPS Auto Receivables Trust 2018-B4.260% 03/15/20240.1%
Export Credit Bank of Turkey8.250% 01/24/20240.1%
Bayer Corp6.650% 02/15/20280.1%
Hecla Mining Co.7.250% 02/15/20280.1%
Palmer Square Loan Funding 2018-1 Ltd2.269% 04/15/20260.1%
Republic of Peru2.392% 01/23/20260.1%
Chesapeake Funding II LLC1.910% 08/15/20290.1%
Qatar Government International Bond5.103% 04/23/20480.1%
CSAIL 2016-C7 Commercial Mortgage Trust4.387% 11/15/20490.1%
Airxcel, Inc.4.674% 04/28/20250.1%
PayPal Holdings, Inc.3.250% 06/01/20500.1%
Signature Aviation US Holdings Inc4.000% 03/01/20280.1%
DRB Prime Student Loan Trust3.200% 01/25/20400.1%
Ally Master Owner Trust0.504% 07/15/20220.1%
Abu Dhabi Crude Oil Pipeline LLC4.600% 11/02/20470.1%
Healthcare Realty Trust, Inc.2.400% 03/15/20300.1%
Hyundai Floorplan Master Owner Trust2.680% 04/15/20240.1%
Republic of Turkey5.750% 03/22/20240.1%
Conn's Receivables Funding 2017-B LLC5.950% 11/15/20220.1%
IDEX Corp.3.000% 05/01/20300.1%
Avery Point VII CLO Ltd3.669% 01/15/20280.1%
Snap-on, Inc.3.100% 05/01/20500.1%
Parsley Energy LLC5.625% 10/15/20270.1%
South Carolina Electric & Gas Co.6.625% 02/01/20320.1%
PVH Corp.7.750% 11/15/20230.1%
LifePoint Hospitals, Inc.6.750% 04/15/20250.1%
Royal Caribbean Cruises Ltd.11.500% 06/01/20250.1%
Massachusetts Educational Financing Authority1.941% 04/25/20380.1%
Kaisa Group Holdings Ltd.11.950% 10/22/20220.1%
Duke Energy Corp.2.750% 04/01/20500.1%
Cheniere Corpus Christi Holdings LLC3.700% 11/15/20290.1%
California7.300% 10/01/20390.1%
MHP Lux SA6.950% 04/03/20260.1%
Akbank TAS5.000% 10/24/20220.1%
GCAT 2019-NQM2 Trust2.247% 01/25/20600.1%
BMW Vehicle Lease Trust 2019-12.790% 03/22/20210.1%
Drive Auto Receivables Trust4.160% 05/15/20240.1%
COMM Mortgage Trust4.430% 07/10/20500.1%
Micron Technology, Inc.2.497% 04/24/20230.1%
Statoil ASA1.750% 01/22/20260.1%
JPMBB Commercial Mortgage Securities Trust4.269% 07/15/20480.1%
Adventist Health System/West2.952% 03/01/20290.1%
JP Morgan Chase Commercial Mortgage Securities Tru1.253% 07/05/20330.1%
Univ of California Bd of Regents3.006% 05/15/20500.1%
JP Morgan Chase Commercial Mortgage Securities Tru4.549% 07/05/20330.1%
Perimeter Master Note Business Trust8.060% 12/15/20220.1%
California Hlth Facs Fing Auth3.034% 06/01/20340.1%
Bank of America Corp.4.450% 03/03/20260.1%
Wells Fargo Commercial Mortgage Trust 2016-C354.176% 07/15/20480.1%
CSMC Trust4.373% 09/15/20370.1%
Angel Oak Mortgage Trust 2020-12.466% 12/25/20590.1%
Elm CLO 2014-1 Ltd2.305% 01/17/20290.1%
Drive Auto Receivables Trust4.530% 08/15/20230.1%
Kinross Gold Corp.5.950% 03/15/20240.1%
Sysco Corp.6.600% 04/01/20400.1%
Republic of Turkey5.250% 03/13/20300.1%
Americredit Automobile Receivables Trust 2019-10.442% 06/20/20220.1%
Panther BF Aggregator 2 LP / Panther Finance Co In8.500% 05/15/20270.1%
TRI Pointe Homes LLC5.250% 06/01/20270.1%
Latvia Government International Bond5.250% 06/16/20210.1%
AerCap Ireland Capital Ltd.4.875% 01/16/20240.1%
Arcor6.000% 07/06/20230.1%
Foursight Capital Automobile Receivables Trust 2013.240% 09/15/20220.1%
ALM VII Ltd4.769% 07/15/20290.1%
Palmer Square Loan Funding 2018-1 Ltd2.619% 04/15/20260.1%
General Electric Co.6.150% 08/07/20370.1%
Federal Home Loan Mortgage Corp.2.209% 02/25/20320.1%
Ford Credit Auto Owner Trust 2020-A1.030% 10/15/20220.1%
Emirates Semb Corp Water & Power Co PJSC4.450% 08/01/20350.1%
Valeant Pharmaceuticals International, Inc.5.000% 01/30/20280.1%
Kaisa Group Holdings Ltd.9.375% 06/30/20240.0%
Quality Distribution, Inc.9.950% 08/18/20230.0%
Avery Point CLO Ltd.2.591% 04/25/20260.0%
Quicken Loans LLC5.750% 05/01/20250.0%
Diamondback Energy, Inc.4.750% 05/31/20250.0%
Americredit Automobile Receivables Trust 2019-12.930% 06/20/20220.0%
Stars Group Holdings BV / Stars Group US Co-Borrow7.000% 07/15/20260.0%
Match Group, Inc.5.625% 02/15/20290.0%
New Residential Mortgage Loan Trust 2020-NQM12.464% 01/26/20600.0%
Newell Rubbermaid, Inc.5.875% 04/01/20360.0%
Tenet Healthcare Corp.6.250% 02/01/20270.0%
Adani Ports & Special Economic Zone Ltd4.000% 07/30/20270.0%
COMM 2016-COR1 Mortgage Trust3.494% 10/10/20490.0%
JB y Co SA de CV3.750% 05/13/20250.0%
Pepperdine University3.301% 12/01/20590.0%
Qtel International Finance Ltd.3.750% 06/22/20260.0%
AMC Networks, Inc.4.750% 08/01/20250.0%
Valeant Pharmaceuticals International, Inc.9.250% 04/01/20260.0%
Boyd Gaming Corp.4.750% 12/01/20270.0%
Dell International LLC / EMC Corp.5.450% 06/15/20230.0%
Galaxy XXI CLO Ltd2.155% 04/20/20310.0%
Santander Retail Auto Lease Trust 2019-B2.290% 04/20/20220.0%
Brand Energy & Infrastructure Services Inc8.500% 07/15/20250.0%
Gray Television, Inc.7.000% 05/15/20270.0%
Navient Corp.6.750% 06/25/20250.0%
Minejesa Capital BV4.625% 08/10/20300.0%
SM Energy Co.6.750% 09/15/20260.0%
Aston Martin Capital Holdings Ltd6.500% 04/15/20220.0%
Nigeria Government International Bond7.143% 02/23/20300.0%
Lithia Motors, Inc.4.625% 12/15/20270.0%
Foursight Capital Automobile Receivables Trust 2013.530% 04/17/20230.0%
Netflix, Inc.3.625% 06/15/20250.0%
Ahern Rentals, Inc.7.375% 05/15/20230.0%
Empresas Publicas de Medellin ESP4.250% 07/18/20290.0%
Westgate Resorts 2018-1 LLC3.380% 12/20/20310.0%
BBCMS 2019-BWAY Mortgage Trust1.494% 11/25/20340.0%
California Republic Auto Receivables Trust 2017-12.910% 12/15/20220.0%
Avid Automobile Receivables Trust 2019-12.820% 07/15/20260.0%
Zayo Group Holdings, Inc.6.125% 03/01/20280.0%
Sinopec Group Overseas Development 2013 Ltd.4.375% 10/17/20230.0%
Pertamina Persero PT5.625% 05/20/20430.0%
Genesis Sales Finance Master Trust Series 2019-A6.880% 08/20/20230.0%
Drive Auto Receivables Trust 2019-32.630% 09/15/20220.0%
JPMorgan Chase & Co.4.000% 12/31/20990.0%
Yum! Brands, Inc.7.750% 04/01/20250.0%
Yuzhou Properties Co. Ltd.6.000% 10/25/20230.0%
COMM Mortgage Trust4.430% 07/10/20500.0%
Wells Fargo Commercial Mortgage Trust 2016-NXS54.970% 01/15/20590.0%
Diamond Resorts Owner Trust4.110% 10/22/20290.0%
Palmer Square Loan Funding 2018-5 Ltd2.535% 01/20/20270.0%
Prosus NV3.680% 01/21/20300.0%
Crown Castle International Corp.3.800% 02/15/20280.0%
General Electric Co.2.121% 05/05/20260.0%
Pelabuhan Indonesia III Persero PT4.500% 05/02/20230.0%
Country Garden Holdings Co. Ltd.4.750% 01/17/20230.0%
ACC Trust 2018-16.810% 02/21/20230.0%
Egypt Government International Bond7.903% 02/21/20480.0%
Carrier Global Corp3.577% 04/05/20500.0%
Gazprom OAO Via Gaz Capital SA4.950% 02/06/20280.0%
CPS Auto Receivables Trust 2019-B5.000% 03/17/20250.0%
PHEAA Student Loan Trust I1.261% 04/25/20380.0%
Mexichem SAB de CV4.875% 09/19/20220.0%
Flagship Credit Auto Trust 2017-32.590% 07/15/20220.0%
Halcyon Loan Advisors Funding Ltd.3.141% 07/25/20270.0%
Residential Mortgage Loan Trust 2020-12.376% 02/25/20240.0%
Wells Fargo Commercial Mortgage Trust4.276% 07/15/20460.0%
CPS Auto Trust3.430% 07/15/20220.0%
First Investors Auto Owner Trust2.410% 12/15/20220.0%
New York and Presbyterian Hospital/The3.954% 08/01/21190.0%
Volkswagen Group of America Finance LLC3.350% 05/13/20250.0%
Wheels SPV 2 LLC3.060% 04/20/20270.0%
CPS Auto Receivables Trust 2018-A3.050% 12/15/20230.0%
Pertamina Persero PT4.150% 02/25/20600.0%
Mercedes-Benz Auto Lease Trust 2018-B3.210% 09/15/20210.0%
Syngenta Finance NV4.441% 04/24/20230.0%
WFRBS Commercial Mortgage Trust0.567% 10/15/20570.0%
YPF S.A.8.500% 07/28/20250.0%
Perimeter Master Note Business Trust6.020% 12/15/20220.0%
SCF Equipment Leasing 2017-2 LLC3.410% 12/20/20230.0%
Enterprise Fleet Financing LLC2.870% 10/20/20230.0%
Drive Auto Receivables Trust4.180% 03/15/20240.0%
Genesis Sales Finance Master Trust Series 2019-A5.420% 08/20/20230.0%
GS Mortgage Securities Trust4.426% 07/10/20480.0%
International Lease Finance Corp.5.875% 08/15/20220.0%
Turkiye Garanti Bankasi AS5.875% 03/16/20230.0%
Egypt Government International Bond6.125% 01/31/20220.0%
Chesapeake Funding II LLC1.990% 05/15/20290.0%
WFRBS Commercial Mortgage Trust0.307% 10/15/20570.0%
Churchill Downs, Inc.4.750% 01/15/20280.0%
Kratos Defense & Security Solutions Inc6.500% 11/30/20250.0%
NRG Energy, Inc.5.750% 01/15/20280.0%
Government National Mortgage Association2.900% 02/16/20530.0%
AT&T, Inc.2.891% 06/30/20200.0%
Fairstone Financial Issuance Trust I3.948% 03/21/20330.0%
Dell International LLC / EMC Corp6.020% 06/15/20260.0%
Foursight Capital Automobile Receivables Trust 2013.680% 08/15/20230.0%
Sally Holdings LLC / Sally Capital, Inc.5.625% 12/01/20250.0%
Ares XXIX CLO Ltd.2.325% 04/17/20260.0%
Drive Auto Receivables Trust 2018-23.630% 08/15/20240.0%
First Investors Auto Owner Trust 2018-23.230% 12/15/20220.0%
Fairstone Financial Issuance Trust I6.299% 03/21/20330.0%
Pertamina Persero PT4.700% 07/30/20490.0%
ACC Trust 2018-14.820% 05/20/20210.0%
University of Chicago/The2.761% 04/01/20450.0%
Santander Drive Auto Receivables Trust 2017-32.760% 12/15/20220.0%
CPS Auto Receivables Trust6.580% 03/15/20220.0%
Grupo de Inversiones Suramericana SA5.500% 04/29/20260.0%
WPX Energy, Inc.8.250% 08/01/20230.0%
AutoNation, Inc.4.750% 06/01/20300.0%
KKR CLO 18 Ltd4.735% 07/18/20300.0%
Morgan Stanley7.250% 04/01/20320.0%
Avid Automobile Receivables Trust 2019-13.140% 07/15/20260.0%
SFAVE Commercial Mortgage Securities Trust3.872% 01/05/20430.0%
Popular, Inc.6.125% 09/14/20230.0%
CPS Auto Receivables Trust 2020-A4.090% 12/15/20250.0%
HealthSouth Corp.4.500% 02/01/20280.0%
Exelon Generation Co. LLC5.600% 06/15/20420.0%
Flagship Credit Auto Trust 2018-12.590% 06/15/20220.0%
KOC Holding AS5.250% 03/15/20230.0%
Egypt Government International Bond4.550% 11/20/20230.0%
Leidos, Inc.5.500% 07/01/20330.0%
Hudsons Bay Simon JV Trust0.541% 08/05/20340.0%
Fairstone Financial Issuance Trust I7.257% 03/21/20330.0%
Fairstone Financial Issuance Trust I5.084% 03/21/20330.0%
Citigroup Commercial Mortgage Trust0.180% 10/10/20470.0%
California Republic Auto Receivables Trust 2016-21.830% 12/15/20210.0%
Romania6.125% 01/22/20440.0%
Merrill Lynch Mortgage Investors Trust Series6.250% 10/25/20360.0%
SFAVE Commercial Mortgage Securities Trust4.144% 01/05/20430.0%
Americredit Automobile Receivables Trust 2018-30.432% 01/18/20220.0%
Americredit Automobile Receivables Trust 2018-33.110% 01/18/20220.0%
Ascentium Equipment Receivables 2017-1 Trust2.290% 06/10/20210.0%
Citigroup, Inc.3.887% 01/10/20280.0%
Bancorp Commercial Mortgage 2018-CRE3 Trust/The1.034% 01/15/20330.0%
CarMax Auto Owner Trust2.880% 10/15/20210.0%
AI Candelaria Spain SLU7.500% 12/15/20280.0%
Hudsons Bay Simon JV Trust0.493% 08/05/20340.0%
WFRBS Commercial Mortgage Trust0.958% 05/15/20470.0%
Diamond Resorts Owner Trust3.080% 11/20/20280.0%
Autoridad del Canal de Panama4.950% 07/29/20350.0%
New Century Home Equity Loan Trust4.685% 08/25/20350.0%
Sequoia Mortgage Trust 2012-42.069% 09/25/20420.0%
CPS Auto Receivables Trust 2018-A2.770% 04/18/20220.0%
Flagship Credit Auto Trust 2017-42.070% 04/15/20220.0%
Trimble Navigation Ltd.4.900% 06/15/20280.0%
COMM Mortgage Trust1.006% 08/10/20470.0%
GS Mortgage Securities Trust4.512% 11/10/20470.0%
JPMBB Commercial Mortgage Securities Trust0.748% 04/15/20470.0%
WFRBS Commercial Mortgage Trust0.572% 05/15/20470.0%
FX USD/EUR 06/200.000% 06/09/20200.0%
Afren plc10.250% 04/08/20220.0%
JPMBB Commercial Mortgage Securities Trust0.284% 04/15/20470.0%
FX EUR/USD 06/200.000% 06/09/20200.0%
Government National Mortgage Association2.200% 04/16/20470.0%
OGX Austria GmbH8.500% 06/01/20190.0%
US 10YR ULTRA FUT SEP200.000% 09/30/20200.0%
US 5YR NOTE (CBT) SEP200.000% 10/05/20200.0%
US LONG BOND(CBT) SEP200.000% 09/30/20200.0%
US ULTRA BOND CBT SEP200.000% 09/30/20200.0%
FX USD/CAD 06/200.000% 06/15/20200.0%
Credit Index Swap1.000% 06/20/20250.0%

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 07/06/2020
$0.140
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 06/30/2020 $0.02330 $10.67
Daily Daily 05/31/2020 $0.02390 $10.57
Daily Daily 04/30/2020 $0.02557 $10.46
Daily Daily 03/31/2020 $0.02492 $10.28
Daily Daily 02/29/2020 $0.02191 $10.77
Daily Daily 01/31/2020 $0.02114 $10.66

Upcoming Dividend Payment Dates

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

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
12/15/2016 12/16/2016 - $0.0324 $0.0324 $10.17

Upcoming Capital Gain Distribution

Record Date Ex-Dividend Date
12/17/2020 12/18/2020

Fees & Expenses

Fees & Expenses

Expense Ratioas of 05/31/2020

0.73%

Fund Documents

Fund Documents

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

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

 

Source: Barron’s, “Barron’s Top Fund Families of 2019,” February 14, 2020. Barron’s rankings are based on asset weighted returns in funds in five categories: U.S. equity, world equity (including international and global portfolios), mixed asset (which invest in stocks, bonds and other securities), taxable bond, and tax-exempt (each a "Barron's ranking category"). Rankings also take into account an individual fund's performance within its Lipper peer universe. Lipper calculated each fund's net total return for the year ended December 31, 2019, minus the effects of 12b-1 fees and sales charges. Each fund in the survey was given a percentile ranking with 100 the highest and 1 the lowest in its category. That ranking measured how a fund compared with its peer "universe," as tracked by Lipper, not just the funds in the survey. Individual fund scores were then multiplied by the 2019 weighting of their Barron's ranking category as determined by the entire Lipper universe of funds. Those fund scores were then totaled, creating an overall score and ranking for each fund family in the survey in each Barron's ranking category. The process is repeated for the five- and ten-year rankings as well. Barron's Fund Family Rankings are awarded annually.

 

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

 

+

Minimum initial investment varies depending on the class of shares you buy and the type of account. IRAs, SIMPLEs, and SEP accounts with payroll deductions have no minimums. Please see Fund prospectuses for additional information.      

                    

+

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 R4 - The inception date for Class R4 shares is June 30, 2015. The performance quotations for Class R4 are based on the following methods of calculation: (a) for periods prior to June 30, 2015, a restated figure is used based on the historical performance of the Fund’s portfolio since inception to reflect all charges and fees applicable to Class R4 shares; and (b) for periods after June 30, 2015, actual Class R4 performance is used, which reflects all charges and fees applicable to Class R4 shares.

Class R4 shares are only offered to certain eligible investors. For additional information, see the Fund’s current prospectus.

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.

 

 

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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