LTRAX | Total Return Fund Class A | Lord Abbett

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Total Return Fund

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Daily price w/o sales charge as of 12/13/2024

$8.73

arrowDown$0.03

YTD Returns w/o sales charge as of 12/13/2024

3.39%

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

Average Yield to Maturity as of 11/29/2024

5.29%

30-Day Standardized Yield 1 as of 11/30/2024  

4.47%

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

Yield to maturity (YTM) represents the expected total return on a bond (expressed as an annualized rate) based on the bond’s expected future cash flows, including coupon payments over the life of the bond and the bond’s principal value received at maturity.

Fund Basicsas of 11/29/2024

Total Net Assets
$3.73 B
Inception Date
08/31/2000
Dividend Frequency
Monthly
Fund Gross Expense Ratio
0.65%
Fund Net Expense Ratio
0.65%
Number of Holdings
543
Minimum Initial Investment
$1,500+

Fund Expense Ratio :

Gross 0.65%

Net 0.65%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 08/31/2000
w/o sales charge 4.17% 8.13% -1.68% 0.41% 1.61% 4.19%
Lipper Category Avg. Core Bond Funds 3.48% 7.42% -1.85% 0.25% 1.54% -
Bloomberg U.S. Aggregate Bond Index 2.93% 6.88% -1.95% -0.01% 1.52% 3.86%
w/ sales charge 1.86% 5.66% -2.41% -0.05% 1.37% 4.09%

Fund Expense Ratio :

Gross 0.65%

Net 0.65%

Fund Expense Ratio :

Gross 0.65%

Net 0.65%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 08/31/2000
w/o sales charge 5.37% 12.37% -1.25% 0.68% 1.86% 4.27%
Lipper Category Avg. Core Bond Funds 4.93% 11.99% -1.39% 0.58% 1.82% -
Bloomberg U.S. Aggregate Bond Index 4.45% 11.57% -1.39% 0.33% 1.84% 3.95%
w/ sales charge 3.04% 9.88% -1.99% 0.23% 1.63% 4.17%

Fund Expense Ratio :

Gross 0.65%

Net 0.65%

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
Investment Grade Corporate
MBS
U.S. Government Related
ABS
High Yield Corporate
CMBS
CLO
Bank Loans
Sovereign
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 11/29/2024 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

30 Years of Industry Experience

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

Partner, Portfolio Manager

26 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Co-Head of Taxable Fixed Income

23 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Co-Head of Taxable Fixed Income

33 Years of Industry Experience

Adam C. Castle
Adam C. Castle, CFA

Partner, Portfolio Manager

16 Years of Industry Experience

Leah G. Traub
Leah G. Traub, Ph.D.

Partner & Portfolio Manager

23 Years of Industry Experience

Harris Trifon
Harris Trifon

Partner, Portfolio Manager

24 Years of Industry Experience

Karen J. Gunnerson
Karen J. Gunnerson

Senior Managing Director, Portfolio Manager

14 Years of Industry Experience

Supported By 61 Investment Professionals with 14 Years Avg. Industry Experience

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Performance

Performance

Average Yield to Maturity as of 11/29/2024

5.29%

30-Day Standardized Yield 1 as of 11/30/2024  

  Subsidized2 Un-Subsidized3
w/o sales charge 4.47% 4.47%

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

Fund Expense Ratio :

Gross 0.65%

Net 0.65%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 08/31/2000
w/o sales charge 4.17% 8.13% -1.68% 0.41% 1.61% 4.19%
Lipper Category Avg. Core Bond Funds 3.48% 7.42% -1.85% 0.25% 1.54% -
Bloomberg U.S. Aggregate Bond Index 2.93% 6.88% -1.95% -0.01% 1.52% 3.86%
w/ sales charge 1.86% 5.66% -2.41% -0.05% 1.37% 4.09%

Fund Expense Ratio :

Gross 0.65%

Net 0.65%

Fund Expense Ratio :

Gross 0.65%

Net 0.65%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 08/31/2000
w/o sales charge 5.37% 12.37% -1.25% 0.68% 1.86% 4.27%
Lipper Category Avg. Core Bond Funds 4.93% 11.99% -1.39% 0.58% 1.82% -
Bloomberg U.S. Aggregate Bond Index 4.45% 11.57% -1.39% 0.33% 1.84% 3.95%
w/ sales charge 3.04% 9.88% -1.99% 0.23% 1.63% 4.17%

Fund Expense Ratio :

Gross 0.65%

Net 0.65%

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 U.S. Aggregate Bond Index
2023 6.30% 5.53%
2022 -14.08% -13.01%
2021 -0.11% -1.54%
2020 7.36% 7.51%
2019 8.32% 8.72%
2018 -0.93% 0.01%
2017 3.82% 3.54%
2016 4.05% 2.65%
2015 -0.64% 0.55%
2014 6.12% 5.97%
2013 -1.40% -
2012 7.73% -
2011 7.20% -
2010 7.59% -
2009 15.67% -
2008 -1.22% -
2007 5.68% -
2006 4.15% -
2005 2.30% -
2004 4.28% -
Year Q1 Q2 Q3 Q4
2024 -0.20% 0.29% 5.28% -
2023 3.13% -0.71% -2.67% 6.64%
2022 -5.76% -6.05% -4.50% 1.62%
2021 -2.42% 2.27% 0.05% 0.05%
2020 -1.17% 4.52% 1.83% 2.06%
2019 3.22% 2.99% 1.66% 0.22%
2018 -1.51% -0.35% 0.26% 0.69%
2017 1.14% 1.43% 0.83% 0.37%
2016 2.82% 2.71% 1.14% -2.59%
2015 1.58% -1.50% 0.05% -0.74%
2014 2.33% 2.50% 0.06% 1.11%
2013 0.49% -2.81% 0.49% 0.47%
2012 1.82% 1.94% 2.71% 1.04%
2011 1.01% 2.09% 2.38% 1.53%
2010 2.42% 2.75% 3.31% -1.05%
2009 2.42% 5.52% 6.23% 0.75%
2008 1.08% -0.04% -2.05% -0.19%
2007 1.48% -0.75% 2.63% 2.24%
2006 -0.38% -0.28% 3.62% 1.18%
2005 -0.37% 3.02% -0.71% 0.39%
2004 2.33% -2.29% 3.11% 1.15%
2003 1.50% 3.00% -0.12% 0.56%
2002 0.10% 2.26% 3.47% 2.65%
2001 3.41% 0.54% 4.68% 0.47%

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

Growth of $10,000 as of 11/30/2024

The chart begins on the Fund's inception date of 08/31/2000.

Based on a hypothetical Class A share investment of $10,000 on 08/31/2000 without sales charge and includes the reinvestment of all distributions.

 

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

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

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

Rating Assets
Less than 1 year
1-3 years
3-5 years
5-7 years
7-10 years
Greater than 10 years

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

Credit Quality Distribution as of 11/29/2024

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

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

Portfolio Positioning as of 09/30/2024

  • Overall rates positioning contributed to relative performance. While the portfolio’s shorter duration positioning detracted from relative performance with the fall in rates, this was more than offset by the portfolio’s yield curve positioning, leading to an overall positive impact. More specifically, as the short end of the curve decreased more than longer end, the portfolio’s underweight to the 5- and 10-year part of the curve and overweight the 2-year part of the curve contributed to relative returns.
  • An allocation to high yield corporate bonds contributed to relative returns. We reduced the portfolio’s overall exposure to high yield corporates, rotating the portfolio up in quality into other sectors.
  • Security selection within investment grade corporate bonds contributed to relative performance, specifically within the Financials sector. We remain overweight the Financials sector and increased our exposure to some of the larger regional banks over the period.
  • The portfolio’s allocation to ABS and collateralized loan obligations (CLOs) modestly contributed to relative performance. Within CLOs, we decreased the portfolio’s exposure to rotate into other sectors we believe offer better relative value. Within ABS, we modestly increased our overall exposure, adding to AA-rated ABS.
  • The portfolio’s allocation to agency mortgage-backed securities (MBS) detracted from relative performance. We maintained our exposure to MBS as we believe this is an attractive asset class for high quality carry and it may perform well as rate volatility continues to decline.

Portfolio Details as of 11/29/2024

Total Net Assets
$3.73 B
Average Effective Duration
5.83 Years
Average Life
8.09 Years
Average Maturity
8.09 Years
Number of Issues
543
Average Yield to Maturity
5.29%

To view definitions for the above Portfolio Details, Click here.

Yield to maturity (YTM) represents the expected total return on a bond (expressed as an annualized rate) based on the bond’s expected future cash flows, including coupon payments over the life of the bond and the bond’s principal value received at maturity.

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.

Holding Coupon Maturity Assets
United States Treasury Note/Bond 4.250% 02/15/2054 2.8%
United States Treasury Note/Bond 4.250% 06/30/2029 2.3%
United States Treasury Bill 0.000% 11/29/2024 2.3%
United States Treasury Note/Bond 4.625% 06/30/2026 2.1%
United States Treasury Note/Bond 4.625% 05/15/2044 1.9%
United States Treasury Note/Bond 4.875% 04/30/2026 1.9%
United States Treasury Note/Bond 3.875% 02/15/2043 1.7%
United States Treasury Note/Bond 4.500% 02/15/2044 1.3%
30-YR UMBS-TBA PROD DEC 5.500% 01/01/2054 1.2%
15-YR UMBS-TBA PROD JAN 5.500% 03/01/2039 1.2%
% of Total Assets 18.7%
Holding Coupon Maturity Assets
United States Treasury Note/Bond4.250% 02/15/20542.8%
United States Treasury Note/Bond4.250% 06/30/20292.3%
United States Treasury Bill0.000% 11/29/20242.3%
United States Treasury Note/Bond4.625% 06/30/20262.1%
United States Treasury Note/Bond4.625% 05/15/20441.9%
United States Treasury Note/Bond4.875% 04/30/20261.9%
United States Treasury Note/Bond3.875% 02/15/20431.7%
United States Treasury Note/Bond4.500% 02/15/20441.3%
30-YR UMBS-TBA PROD DEC5.500% 01/01/20541.2%
15-YR UMBS-TBA PROD JAN5.500% 03/01/20391.2%
30-YR GNMA II-TBA PROD NOV3.500% 04/01/20521.1%
30-YR GNMA II-TBA PROD DEC6.000% 06/01/20541.0%
Capital One Multi-Asset Execution Trust2.800% 03/15/20270.9%
United States Treasury Note/Bond2.375% 02/15/20420.9%
30-YR GNMA II-TBA PROD DEC5.000% 09/01/20540.8%
30-YR UMBS-TBA PROD DEC7.000% 07/01/20530.8%
30-YR GNMA II-TBA PROD DEC5.500% 08/01/20540.8%
15-YR UMBS-TBA PROD DEC5.500% 03/01/20390.7%
Fannie Mae Pool2.500% 08/01/20500.7%
30-YR GNMA II-TBA PROD NOV4.500% 09/01/20540.7%
30-YR UMBS-TBA PROD DEC2.000% 07/01/20510.7%
15-YR UMBS-TBA PROD JAN5.000% 04/01/20390.7%
Fannie Mae Pool2.500% 09/01/20500.6%
Continental Resources Inc/OK5.750% 01/15/20310.6%
30-YR GNMA II-TBA PROD DEC3.000% 12/01/20510.6%
30-YR GNMA II-TBA PROD NOV3.000% 12/01/20510.6%
United States Treasury Note/Bond4.625% 05/15/20540.6%
15-YR UMBS-TBA PROD DEC5.000% 04/01/20390.6%
30-YR GNMA II-TBA PROD DEC4.000% 11/01/20530.6%
Fannie Mae Pool3.000% 12/01/20480.5%
30-YR GNMA II-TBA PROD NOV2.500% 10/01/20510.5%
Wells Fargo & Co2.393% 06/02/20280.5%
Citizens Auto Receivables Trust 2023-25.830% 02/15/20280.5%
United States Treasury Note/Bond4.375% 08/15/20430.5%
Avolon Holdings Funding Ltd2.125% 02/21/20260.5%
30-YR UMBS-TBA PROD DEC3.500% 05/01/20520.5%
30-YR UMBS-TBA PROD DEC2.500% 05/01/20510.5%
EQT Corp7.000% 02/01/20300.5%
Freddie Mac Pool3132.000% 11/01/20530.4%
United States Treasury Note/Bond3.750% 08/31/20260.4%
Bank of America Corp2.087% 06/14/20290.4%
Imperial Brands Finance PLC5.500% 02/01/20300.4%
Fannie Mae Pool2.500% 08/01/20500.4%
30-YR GNMA II-TBA PROD NOV6.500% 04/01/20540.4%
AES Corp/The3.950% 07/15/20300.4%
Morgan Stanley4.431% 01/23/20300.4%
Fannie Mae Pool2.500% 09/01/20360.4%
Fairstone Financial Issuance Trust I5.162% 10/20/20390.4%
Chase Auto Owner Trust 2024-15.130% 05/25/20290.4%
30-YR GNMA II-TBA PROD NOV5.500% 08/01/20540.4%
30-YR GNMA II-TBA PROD NOV5.000% 09/01/20540.4%
Kubota Credit Owner Trust 2024-25.260% 11/15/20280.4%
nVent Finance Sarl4.550% 04/15/20280.4%
First National Master Note Trust5.340% 05/15/20300.4%
Citigroup Inc3.887% 01/10/20280.4%
30-YR GNMA II-TBA PROD JAN6.000% 06/01/20540.4%
Citigroup Inc3.980% 03/20/20300.4%
GS Mortgage-Backed Securities Trust 2022-PJ63.000% 01/25/20530.4%
Freddie Mac Pool5.000% 08/01/20520.4%
Affirm Asset Securitization Trust 2023-B6.820% 09/15/20280.4%
UBS Group AG6.373% 07/15/20260.3%
Public Service Electric and Gas Co4.850% 08/01/20340.3%
Athene Global Funding5.620% 05/08/20260.3%
Signal Peak CLO 8 Ltd6.149% 04/20/20330.3%
Freddie Mac Multifamily Structured Pass Through Certificates3.123% 08/25/20320.3%
International Flavors & Fragrances Inc1.230% 10/01/20250.3%
UBS Group AG6.442% 08/11/20280.3%
Crown Castle Inc3.300% 07/01/20300.3%
Aviation Capital Group LLC5.500% 12/15/20240.3%
Fannie Mae Pool5.000% 08/01/20520.3%
Occidental Petroleum Corp6.625% 09/01/20300.3%
Entergy Louisiana LLC5.150% 09/15/20340.3%
Citizens Financial Group Inc5.718% 07/23/20320.3%
30-YR UMBS-TBA PROD DEC6.500% 07/01/20530.3%
Bayer US Finance LLC6.375% 11/21/20300.3%
BMW Vehicle Lease Trust 2023-15.070% 06/25/20260.3%
Ballyrock CLO 22 Ltd6.187% 04/15/20370.3%
Centene Corp3.375% 02/15/20300.3%
Lending Funding Trust 2020-22.320% 04/21/20310.3%
Targa Resources Partners LP / Targa Resources Partners Finance Corp5.500% 03/01/20300.3%
15-YR UMBS-TBA PROD DEC6.000% 01/01/20390.3%
PNC Financial Services Group Inc/The5.676% 01/22/20350.3%
SBNA Auto Receivables Trust 2024-A5.320% 12/15/20280.3%
Celanese US Holdings LLC6.050% 03/15/20250.3%
Wells Fargo & Co3.584% 05/22/20280.3%
Fannie Mae Pool4.000% 06/01/20520.3%
GM Financial Automobile Leasing Trust 2023-15.510% 01/20/20270.3%
DLLAD 2023-1 LLC4.800% 06/20/20300.3%
30-YR GNMA II-TBA PROD NOV6.000% 06/01/20540.3%
Fannie Mae Pool2.500% 01/01/20510.3%
Virginia Electric and Power Co5.050% 08/15/20340.3%
Bank of America Corp3.593% 07/21/20280.3%
National Grid PLC5.809% 06/12/20330.3%
Exeter Automobile Receivables Trust 2024-35.570% 09/15/20280.3%
World Financial Network Credit Card Master Trust5.470% 02/15/20310.3%
Affirm Asset Securitization Trust 2024-B4.620% 09/15/20290.3%
GA Global Funding Trust3.850% 04/11/20250.3%
Indianapolis Power & Light Co5.650% 12/01/20320.3%
Intesa Sanpaolo SpA6.625% 06/20/20330.3%
30-YR UMBS-TBA PROD NOV5.500% 01/01/20540.3%
General Motors Financial Co Inc5.600% 06/18/20310.3%
BofA Auto Trust 2024-15.350% 11/15/20280.3%
Freddie Mac Multifamily Structured Pass Through Certificates2.350% 03/25/20320.3%
Macquarie Group Ltd4.654% 03/27/20290.3%
Macquarie Group Ltd2.691% 06/23/20320.3%
GM Financial Automobile Leasing Trust 2024-34.210% 10/20/20270.3%
BNP Paribas SA2.219% 06/09/20260.3%
Fannie Mae Pool3.500% 04/01/20520.3%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust4.950% 09/10/20340.3%
JPMorgan Chase & Co3.540% 05/01/20280.3%
15-YR UMBS-TBA PROD DEC2.000% 12/01/20360.3%
Freddie Mac Multifamily Structured Pass Through Certificates2.250% 01/25/20320.2%
Santander Drive Auto Receivables Trust 2024-26.280% 08/15/20310.2%
Citizens Auto Receivables Trust 2024-25.260% 04/15/20310.2%
Exeter Automobile Receivables Trust 2020-27.190% 09/15/20270.2%
Benchmark 2024-V7 Mortgage Trust6.228% 05/15/20560.2%
Bank of America Auto Trust 2023-15.530% 02/15/20280.2%
Fannie Mae Pool2.500% 12/01/20510.2%
Enbridge Inc8.500% 01/15/20840.2%
BNP Paribas SA4.375% 03/01/20330.2%
Freddie Mac Multifamily Structured Pass Through Certificates3.820% 12/25/20320.2%
Freddie Mac Multifamily Structured Pass Through Certificates3.530% 08/25/20320.2%
Avant Loans Funding Trust 2024-REV15.920% 10/15/20330.2%
Freddie Mac Pool5.000% 08/01/20520.2%
Ford Credit Auto Owner Trust 2018-REV13.190% 07/15/20310.2%
Ready Capital Mortgage Financing 2022-FL8 LLC6.507% 01/25/20370.2%
Freddie Mac Multifamily Structured Pass Through Certificates2.920% 06/25/20320.2%
Freddie Mac Pool6.000% 08/01/20390.2%
Genesis Sales Finance Master Trust2.090% 12/21/20260.2%
Freddie Mac Pool6.000% 08/01/20390.2%
GLS Auto Select Receivables Trust 2024-25.580% 06/17/20300.2%
UBS Group AG1.494% 08/10/20270.2%
FactSet Research Systems Inc3.450% 03/01/20320.2%
Global Payments Inc4.950% 08/15/20270.2%
Danske Bank A/S6.466% 01/09/20260.2%
BX Commercial Mortgage Trust 2024-XL46.228% 02/15/20390.2%
LPL Holdings Inc4.000% 03/15/20290.2%
Genesis Sales Finance Master Trust1.450% 12/21/20260.2%
Aviation Capital Group LLC6.375% 07/15/20300.2%
UBS Group AG4.988% 08/05/20330.2%
Humana Inc1.350% 02/03/20270.2%
J.P. Morgan Mortgage Trust 2021-153.000% 06/25/20520.2%
CIM Trust 2021-J32.500% 06/25/20510.2%
Accenture Capital Inc4.250% 10/04/20310.2%
AMMC CLO 23 Ltd6.697% 04/17/20350.2%
Glencore Funding LLC5.634% 04/04/20340.2%
Broadcom Inc5.150% 11/15/20310.2%
Flutter Financing BV6.604% 11/29/20300.2%
Freddie Mac Multifamily Structured Pass Through Certificates2.580% 05/25/20320.2%
Fannie Mae Pool2.500% 12/01/20510.2%
Santander Drive Auto Receivables Trust 2024-15.450% 03/15/20300.2%
Affirm Asset Securitization Trust 2023-A6.610% 01/18/20280.2%
Centene Corp2.450% 07/15/20280.2%
30-YR GNMA II-TBA PROD NOV4.000% 11/01/20530.2%
Lendmark Funding Trust 2021-11.900% 11/20/20310.2%
US Bancorp4.967% 07/22/20330.2%
MF1 2024-FL14 LLC6.496% 03/19/20390.2%
Freddie Mac Pool2.000% 09/01/20500.2%
Wells Fargo & Co2.188% 04/30/20260.2%
GoldenTree Loan Management US CLO 16 Ltd7.117% 01/20/20340.2%
US Bancorp5.678% 01/23/20350.2%
30-YR GNMA II-TBA PROD DEC6.500% 04/01/20540.2%
RR 24 Ltd7.047% 01/15/20360.2%
Principal Life Global Funding II5.100% 01/25/20290.2%
GLS Auto Receivables Issuer Trust 2024-26.190% 02/15/20300.2%
Truist Financial Corp5.711% 01/24/20350.2%
Regal Rexnord Corp6.050% 02/15/20260.2%
Hilton Domestic Operating Co Inc6.488% 11/08/20300.2%
Antofagasta PLC6.250% 05/02/20340.2%
Carnival Corp6.000% 05/01/20290.2%
BBCMS Mortgage Trust 2023-C216.000% 09/15/20560.2%
National Fuel Gas Co5.500% 01/15/20260.2%
Philip Morris International Inc5.625% 11/17/20290.2%
Elmwood CLO XII Ltd7.747% 10/15/20370.2%
SM Energy Co6.750% 08/01/20290.2%
PFP 2023-10 Ltd7.151% 09/16/20380.2%
Fannie Mae Pool2.500% 06/01/20510.2%
30-YR GNMA II-TBA PROD NOV2.000% 10/01/20510.2%
Fannie Mae Pool2.000% 01/01/20360.2%
Freddie Mac STACR REMIC Trust 2022-DNA27.257% 02/25/20420.2%
Flagship Credit Auto Trust 2020-43.840% 07/17/20280.2%
US Bancorp4.839% 02/01/20340.2%
Brighthouse Financial Global Funding5.650% 06/10/20290.2%
TGNR Intermediate Holdings LLC5.500% 10/15/20290.2%
VICI Properties LP / VICI Note Co Inc4.250% 12/01/20260.2%
Ballyrock CLO 25 Ltd7.076% 01/25/20360.2%
Bain Capital Credit CLO 2023-4 Ltd9.617% 10/21/20360.2%
PEAC Solutions Receivables 2024-2 LLC4.740% 04/20/20270.2%
CenterPoint Energy Resources Corp4.400% 07/01/20320.2%
Ford Motor Credit Co LLC6.125% 03/08/20340.2%
Ausgrid Finance Pty Ltd4.350% 08/01/20280.2%
Solventum Corp5.450% 03/13/20310.2%
AIB Group PLC6.608% 09/13/20290.2%
JPMorgan Chase & Co4.946% 10/22/20350.2%
Oncor Electric Delivery Co LLC5.650% 11/15/20330.2%
Carvana Auto Receivables Trust 2020-NP15.200% 07/15/20270.2%
JP Morgan Mortgage Trust 2022-33.000% 08/25/20520.2%
BankUnited Inc5.125% 06/11/20300.2%
Santander Drive Auto Receivables Trust 2022-76.690% 03/17/20310.2%
Carmax Select Receivables Trust 2024-A5.400% 11/15/20280.2%
NatWest Group PLC7.472% 11/10/20260.2%
Broadcom Inc4.150% 04/15/20320.2%
Venture Global LNG Inc8.375% 06/01/20310.2%
New York Life Global Funding4.550% 01/28/20330.2%
Workday Inc3.800% 04/01/20320.2%
Elmwood CLO 24 Ltd7.008% 12/11/20330.2%
Comstock Resources Inc6.750% 03/01/20290.2%
Aircastle Ltd2.850% 01/26/20280.2%
30-YR UMBS-TBA PROD DEC4.500% 02/01/20530.2%
Toyota Auto Loan Extended Note Trust 2022-13.820% 04/25/20350.2%
Ford Credit Auto Lease Trust 2023-A4.940% 03/15/20260.2%
Sprint Capital Corp6.875% 11/15/20280.2%
CNO Global Funding5.875% 06/04/20270.2%
GreatAmerica Leasing Receivables Funding LLC Series 2024-25.020% 05/15/20310.2%
Bacardi Ltd / Bacardi-Martini BV5.400% 06/15/20330.2%
Valley Stream Park CLO LTD6.867% 10/20/20340.2%
Ovintiv Inc6.500% 02/01/20380.2%
GM Financial Automobile Leasing Trust 2023-25.540% 05/20/20270.2%
Solventum Corp5.600% 03/23/20340.2%
Wells Fargo Commercial Mortgage Trust 2024-MGP6.477% 08/15/20410.2%
Antero Resources Corp7.625% 02/01/20290.2%
Connecticut Avenue Securities Trust 2024-R036.807% 03/25/20440.2%
Mercury Financial Credit Card Master Trust6.560% 07/20/20290.2%
Arbor Realty Commercial Real Estate Notes 2021-FL4 Ltd6.250% 11/15/20360.2%
Bayview Opportunity Master Fund VI Trust 2021-INV62.500% 10/25/20510.2%
COMM 2015-LC21 Mortgage Trust4.043% 07/10/20480.2%
Affirm Asset Securitization Trust 2024-A5.610% 02/15/20290.2%
Santander Drive Auto Receivables Trust 2022-54.740% 10/16/20280.2%
Glencore Funding LLC5.371% 04/04/20290.2%
CARLYLE US CLO 2023-2 LTD7.617% 07/20/20360.2%
Madison Park Funding LVIII Ltd8.276% 04/25/20370.2%
30-YR UMBS-TBA PROD NOV4.500% 02/01/20530.2%
Connecticut Avenue Securities Trust 2023-R027.157% 01/25/20430.2%
LoanCore 2022-CRE7 Issuer Ltd6.473% 01/17/20370.2%
Flagstar Mortgage Trust 2021-3INV2.500% 06/25/20510.2%
Devon Energy Corp5.200% 09/15/20340.2%
Jackson National Life Global Funding4.600% 10/01/20290.2%
Fannie Mae Pool4.000% 05/01/20520.2%
Freddie Mac STACR REMIC Trust 2022-DNA48.207% 05/25/20420.2%
Freddie Mac STACR REMIC Trust 2022-DNA17.357% 01/25/20420.2%
Warnermedia Holdings Inc3.788% 03/15/20250.2%
Navient Corp4.875% 03/15/20280.2%
Beacon Funding Trust6.266% 08/15/20540.2%
ROCK Trust 2024-CNTR5.388% 11/13/20410.2%
Morgan Stanley2.239% 07/21/20320.2%
Aethon United BR LP / Aethon United Finance Corp7.500% 10/01/20290.2%
Centrais Eletricas Brasileiras SA6.500% 01/11/20350.2%
Petroleos Mexicanos6.700% 02/16/20320.2%
Connecticut Avenue Securities Trust 2023-R038.757% 04/25/20430.2%
Chile Electricity Lux Mpc II Sarl5.580% 10/20/20350.2%
Freddie Mac Pool5.000% 07/01/20520.2%
Narragansett Electric Co/The5.350% 05/01/20340.2%
Anglo American Capital PLC3.875% 03/16/20290.2%
Avolon Holdings Funding Ltd4.250% 04/15/20260.2%
Fannie Mae Pool2.500% 12/01/20510.2%
Ford Motor Co9.625% 04/22/20300.2%
UBS Group AG1.364% 01/30/20270.2%
Angolan Government International Bond8.750% 04/14/20320.2%
VICI Properties LP / VICI Note Co Inc5.750% 02/01/20270.2%
GS Mortgage-Backed Securities Trust 2021-PJ22.500% 07/25/20510.2%
Appalachian Power Co5.650% 04/01/20340.1%
Mitsubishi Corp5.125% 07/17/20340.1%
Perimeter Master Note Business Trust4.170% 12/15/20260.1%
Boeing Co/The6.528% 05/01/20340.1%
Bank of America Corp3.970% 03/05/20290.1%
Minejesa Capital BV4.625% 08/10/20300.1%
EQT Corp5.750% 02/01/20340.1%
SEB Funding LLC4.969% 01/30/20520.1%
CIM Trust 2021-J12.500% 03/25/20510.1%
Freddie Mac STACR REMIC Trust 2023-DNA26.957% 04/25/20430.1%
Organon & Co / Organon Foreign Debt Co-Issuer BV5.125% 04/30/20310.1%
Fannie Mae Pool3.500% 07/01/20450.1%
CHS/Community Health Systems Inc5.250% 05/15/20300.1%
ERAC USA Finance LLC5.000% 02/15/20290.1%
Entergy Louisiana LLC5.700% 03/15/20540.1%
Meituan4.625% 10/02/20290.1%
American Airlines Inc7.250% 02/15/20280.1%
Greenko Dutch BV3.850% 03/29/20260.1%
Aircastle Ltd6.500% 07/18/20280.1%
JP Morgan Chase Commercial Mortgage Securities Trust 2018-WPT6.040% 07/05/20330.1%
Hilton Domestic Operating Co Inc5.875% 03/15/20330.1%
Freddie Mac STACR REMIC Trust 2024-DNA16.207% 02/25/20440.1%
Vistra Operations Co LLC7.750% 10/15/20310.1%
Colombia Government International Bond7.500% 02/02/20340.1%
AT&T Inc4.300% 02/15/20300.1%
American Tower Corp2.400% 03/15/20250.1%
Ford Motor Credit Co LLC7.200% 06/10/20300.1%
Invesco US CLO 2023-4 Ltd9.882% 01/18/20370.1%
McAfee Corp7.375% 02/15/20300.1%
Nuveen LLC5.850% 04/15/20340.1%
Weekley Homes LLC / Weekley Finance Corp4.875% 09/15/20280.1%
CCO Holdings LLC / CCO Holdings Capital Corp4.750% 03/01/20300.1%
FMG Resources August 2006 Pty Ltd4.375% 04/01/20310.1%
PNC Financial Services Group Inc/The5.401% 07/23/20350.1%
Flagstar Mortgage Trust 2021-72.500% 08/25/20510.1%
GoldenTree Loan Management US CLO 19 Ltd6.967% 04/20/20370.1%
Exeter Automobile Receivables Trust 2023-112.070% 09/16/20300.1%
Ecopetrol SA8.375% 01/19/20360.1%
Freddie Mac Multifamily Structured Pass Through Certificates4.350% 01/25/20330.1%
Unilever Capital Corp4.625% 08/12/20340.1%
Cadence Design Systems Inc4.700% 09/10/20340.1%
Hyundai Capital America1.800% 10/15/20250.1%
Enel Finance International NV5.125% 06/26/20290.1%
Connecticut Avenue Securities Trust 2023-R047.157% 05/25/20430.1%
Air Lease Corp5.200% 07/15/20310.1%
Regatta XXVII Funding Ltd6.617% 04/26/20370.1%
M&T Bank Corp5.053% 01/27/20340.1%
GA Global Funding Trust4.400% 09/23/20270.1%
American Tower Corp3.800% 08/15/20290.1%
BMO 2023-C5 Mortgage Trust5.494% 06/15/20560.1%
Flagship Credit Auto Trust 2022-34.550% 04/15/20270.1%
Centene Corp4.250% 12/15/20270.1%
SK Hynix Inc5.500% 01/16/20290.1%
Morgan Stanley5.297% 04/20/20370.1%
IPALCO Enterprises Inc5.750% 04/01/20340.1%
VICI Properties LP / VICI Note Co Inc4.625% 12/01/20290.1%
Viterra Finance BV4.900% 04/21/20270.1%
Aviation Capital Group LLC1.950% 01/30/20260.1%
American Express Credit Account Master Trust5.240% 04/15/20310.1%
Fannie Mae Pool2.500% 05/01/20520.1%
AECOM6.595% 04/18/20310.1%
ABN AMRO Bank NV3.324% 03/13/20370.1%
Freddie Mac Pool3.500% 02/01/20460.1%
Atlassian Corp5.500% 05/15/20340.1%
Neuberger Berman Group LLC / Neuberger Berman Finance Corp4.500% 03/15/20270.1%
Eastern Gas Transmission & Storage Inc3.000% 11/15/20290.1%
Bank of America Corp1.658% 03/11/20270.1%
Fannie Mae Pool2.000% 02/01/20360.1%
Chase Home Lending Mortgage Trust 2024-RPL43.375% 12/25/20640.1%
Morgan Stanley4.210% 04/20/20280.1%
Dryden 107 CLO Ltd8.118% 08/15/20350.1%
Charter Communications Operating LLC6.343% 02/01/20270.1%
Avolon TLB Borrower 1 US LLC6.509% 06/24/20300.1%
UBS Group AG4.703% 08/05/20270.1%
JP Morgan Mortgage Trust 2021-132.500% 04/25/20520.1%
Royal Bank of Canada6.000% 11/01/20270.1%
Nuvei Technologies Corp7.785% 12/19/20300.1%
Connecticut Avenue Securities Trust 2023-R048.407% 05/25/20430.1%
Baytex Energy Corp8.500% 04/30/20300.1%
Fannie Mae Pool4.000% 05/01/20520.1%
Columbia Pipeline Group Inc4.500% 06/01/20250.1%
Westlake Automobile Receivables Trust 2023-15.740% 08/15/20280.1%
Royal Caribbean Cruises Ltd6.000% 02/01/20330.1%
Texas Natural Gas Securitization Finance Corp5.102% 04/01/20350.1%
NGL Energy Operating LLC / NGL Energy Finance Corp8.375% 02/15/20320.1%
KeyCorp6.401% 03/06/20350.1%
J.P. Morgan Mortgage Trust 2021-INV83.000% 05/25/20520.1%
CITADEL SECURITIES LP0.000% 10/31/20310.1%
FORD MOTOR CREDIT CO LLC6.054% 11/05/20310.1%
Freddie Mac STACR REMIC Trust 2024-DNA26.549% 05/25/20440.1%
BANK5 2023-5YR26.656% 07/15/20560.1%
Alfa Desarrollo SpA4.550% 09/27/20510.1%
Connecticut Avenue Securities Trust 2023-R017.257% 12/25/20420.1%
Orchard Park Clo Ltd7.567% 10/20/20370.1%
IRB Infrastructure Developers Ltd7.110% 03/11/20320.1%
Discovery Communications LLC3.950% 03/20/20280.1%
Connecticut Avenue Securities Trust 2024-R046.507% 05/25/20440.1%
JP Morgan Mortgage Trust 2022-INV13.000% 03/25/20520.1%
Ford Motor Credit Co LLC3.375% 11/13/20250.1%
Coterra Energy Inc5.600% 03/15/20340.1%
Avant Loans Funding Trust 2021-REV14.300% 07/15/20300.1%
JB Poindexter & Co Inc8.750% 12/15/20310.1%
Toronto-Dominion Bank/The5.146% 09/10/20340.1%
Fannie Mae Pool5.000% 07/01/20520.1%
Boeing Co/The6.858% 05/01/20540.1%
Towd Point Mortgage Trust 2019-HY16.852% 10/25/20480.1%
Morgan Stanley5.320% 07/19/20350.1%
GXO Logistics Inc6.500% 05/06/20340.1%
Bayer Corp/NJ6.650% 02/15/20280.1%
Vale Overseas Ltd6.400% 06/28/20540.1%
KIND Commercial Mortgage Trust 2024-16.676% 08/15/20410.1%
Neuberger Berman Group LLC / Neuberger Berman Finance Corp4.875% 04/15/20450.1%
Fannie Mae Pool2.500% 08/01/20350.1%
BX Commercial Mortgage Trust 2021-XL25.589% 10/15/20380.1%
Ford Motor Credit Co LLC4.134% 08/04/20250.1%
Mitsubishi UFJ Financial Group Inc5.541% 04/17/20260.1%
Fannie Mae Pool4.720% 07/01/20290.1%
Howden UK Refinance PLC / Howden UK Refinance 2 PLC / Howden US Refinance LLC7.250% 02/15/20310.1%
CIFC Funding 2024-IV Ltd7.597% 10/16/20370.1%
Bain Capital Credit CLO 2023-4 Ltd7.517% 10/21/20360.1%
Directv Financing LLC / Directv Financing Co-Obligor Inc5.875% 08/15/20270.1%
NRG Energy Inc0.000% 04/16/20310.1%
Lightning Power LLC7.250% 08/15/20320.1%
Walgreens Boots Alliance Inc8.125% 08/15/20290.1%
Coca-Cola Consolidated Inc5.450% 06/01/20340.1%
Allied Universal Holdco LLC / Allied Universal Finance Corp6.000% 06/01/20290.1%
LSB Industries Inc6.250% 10/15/20280.1%
Fannie Mae Pool2.500% 08/01/20500.1%
Kennedy-Wilson Inc4.750% 03/01/20290.1%
J.P. Morgan Mortgage Trust 2022-13.000% 07/25/20520.1%
Zayo Group Holdings Inc4.000% 03/01/20270.1%
Fannie Mae Pool2.500% 09/01/20510.1%
Perrigo Finance Unlimited Co6.125% 09/30/20320.1%
NOVA Chemicals Corp9.000% 02/15/20300.1%
Biocon Biologics Global PLC6.670% 10/09/20290.1%
LD Celulose International GmbH7.950% 01/26/20320.1%
J.P. Morgan Mortgage Trust 2022-43.000% 10/25/20520.1%
Bombardier Inc7.250% 07/01/20310.1%
Calpine Corp6.685% 01/31/20310.1%
Genesee & Wyoming Inc6.604% 04/10/20310.1%
Iron Mountain Information Management Services Inc5.000% 07/15/20320.1%
NRG Energy Inc6.000% 02/01/20330.1%
Block Inc6.500% 05/15/20320.1%
Hyundai Capital America5.800% 06/26/20250.1%
EQUS 2021-EQAZ Mortgage Trust5.655% 10/15/20380.1%
Neuberger Berman Loan Advisers Clo 57 Ltd7.489% 10/24/20380.1%
Stena International SA7.250% 01/15/20310.1%
EMRLD Borrower LP / Emerald Co-Issuer Inc6.750% 07/15/20310.1%
DaVita Inc6.875% 09/01/20320.1%
Rain Carbon Inc12.250% 09/01/20290.1%
Brandywine Operating Partnership LP4.550% 10/01/20290.1%
Cheniere Energy Partners LP3.250% 01/31/20320.1%
New Residential Mortgage Loan Trust 2020-RPL13.860% 11/25/20590.1%
Prosus NV4.027% 08/03/20500.1%
Jacobs Entertainment Inc6.750% 02/15/20290.1%
Univision Communications Inc8.500% 07/31/20310.1%
Galaxy Pipeline Assets Bidco Ltd3.250% 09/30/20400.1%
EquipmentShare.com Inc9.000% 05/15/20280.1%
Freddie Mac Pool6.000% 09/01/20390.1%
Apache Corp4.250% 01/15/20300.1%
Chase Home Lending Mortgage Trust Series 2024-RPL23.250% 08/25/20640.1%
California Resources Corp8.250% 06/15/20290.1%
Encino Acquisition Partners Holdings LLC8.750% 05/01/20310.1%
Diamond Foreign Asset Co / Diamond Finance LLC8.500% 10/01/20300.1%
SCF Equipment Leasing 2021-1 LLC3.560% 08/20/20320.1%
Allied Universal Holdco LLC7.875% 02/15/20310.1%
Sisecam UK PLC8.625% 05/02/20320.1%
Cloud Software Group Inc9.000% 09/30/20290.1%
ATI Inc7.250% 08/15/20300.1%
LifePoint Health Inc9.875% 08/15/20300.1%
SunCoke Energy Inc4.875% 06/30/20290.1%
DRIVEN BRANDS FUNDING LLC3.786% 07/20/20500.1%
Crescent Energy Finance LLC7.375% 01/15/20330.1%
Oglethorpe Power Corp5.800% 06/01/20540.1%
Mauser Packaging Solutions Holding Co9.250% 04/15/20270.1%
WE Soda Investments Holding PLC9.500% 10/06/20280.1%
VistaJet Malta Finance PLC / Vista Management Holding Inc7.875% 05/01/20270.1%
Adani Ports & Special Economic Zone Ltd4.000% 07/30/20270.1%
CITGO Petroleum Corp8.375% 01/15/20290.1%
EPR Properties4.950% 04/15/20280.1%
EQM Midstream Partners LP7.500% 06/01/20300.1%
Smyrna Ready Mix Concrete LLC6.000% 11/01/20280.1%
Union Electric Co5.125% 03/15/20550.1%
Genesis Energy LP / Genesis Energy Finance Corp8.250% 01/15/20290.1%
Fortress Transportation and Infrastructure Investors LLC5.500% 05/01/20280.1%
FIEMEX Energia - Banco Actinver SA Institucion de Banca Multiple7.250% 01/31/20410.1%
Wynn Macau Ltd5.625% 08/26/20280.1%
BAT Capital Corp5.834% 02/20/20310.1%
Connecticut Avenue Securities Trust 2021-R016.407% 10/25/20410.1%
MGM China Holdings Ltd4.750% 02/01/20270.1%
Cloud Software Group Inc6.500% 03/31/20290.1%
CSC Holdings LLC11.750% 01/31/20290.1%
Vital Energy Inc7.875% 04/15/20320.1%
Freedom Mortgage Corp12.250% 10/01/20300.1%
NRG Energy Inc4.450% 06/15/20290.1%
Rand Parent LLC8.500% 02/15/20300.1%
Molina Healthcare Inc4.375% 06/15/20280.1%
Fannie Mae Pool5.000% 07/01/20520.1%
Newell Brands Inc6.375% 09/15/20270.1%
Fairstone Financial Issuance Trust I6.873% 10/20/20390.1%
Medco Maple Tree Pte Ltd8.960% 04/27/20290.1%
Wells Fargo Mortgage Backed Securities 2021-INV2 Trust2.500% 09/25/20510.1%
Akbank TAS7.498% 01/20/20300.1%
Glencore Funding LLC6.375% 10/06/20300.1%
LABL Inc9.500% 11/01/20280.1%
30-YR UMBS-TBA PROD NOV7.000% 07/01/20530.1%
NatWest Group PLC8.125% 06/30/21730.1%
COMM 2014-UBS4 Mortgage Trust4.707% 08/10/20470.1%
Connecticut Avenue Securities Trust 2024-R026.657% 02/25/20440.1%
Valaris Ltd8.375% 04/30/20300.1%
Altice France SA8.125% 02/01/20270.1%
Ford Motor Credit Co LLC2.700% 08/10/20260.1%
Cosan Luxembourg SA7.250% 06/27/20310.1%
Entergy Texas Inc5.550% 09/15/20540.1%
DYNASTY ACQUISITION CO INC0.000% 10/25/20310.1%
Fannie Mae Pool2.000% 09/01/20350.1%
Assurant Inc2.650% 01/15/20320.1%
Asurion LLC8.050% 12/23/20260.1%
Senegal Government International Bond6.250% 05/23/20330.1%
ARZ Trust 2024-BILT5.772% 06/11/20290.1%
Flagstar Mortgage Trust 2021-122.500% 11/25/20510.1%
Teva Pharmaceutical Finance Netherlands III BV3.150% 10/01/20260.1%
United States Steel Corp6.875% 03/01/20290.1%
UBS Group AG6.327% 12/22/20270.1%
EPR Properties4.500% 06/01/20270.1%
HUB International Ltd7.375% 01/31/20320.1%
American Tower Corp2.950% 01/15/20250.1%
Arbor Realty Commercial Real Estate Notes 2021-FL3 Ltd5.970% 08/15/20340.1%
Peruvian Government International Bond5.375% 02/08/20350.1%
NGPL PipeCo LLC3.250% 07/15/20310.1%
CONE Trust 2024-DFW16.428% 08/15/20410.1%
30-YR UMBS-TBA PROD DEC5.000% 08/01/20540.1%
Mill City Mortgage Loan Trust 2021-NMR13.734% 11/25/20600.1%
Sabine Pass Liquefaction LLC5.625% 03/01/20250.1%
Macquarie Bank Ltd3.624% 06/03/20300.1%
Affirm Asset Securitization Trust 2024-A5.610% 02/15/20290.1%
VICI Properties LP6.125% 04/01/20540.1%
FirstEnergy Transmission LLC5.000% 01/15/20350.1%
Dominion Energy Inc6.875% 02/01/20550.1%
GS Mortgage Securities Corp Trust 2021-ROSS9.700% 05/15/20260.1%
HCA Inc5.450% 09/15/20340.1%
Watco Cos LLC / Watco Finance Corp7.125% 08/01/20320.1%
Ascent Resources Utica Holdings LLC / ARU Finance Corp6.625% 10/15/20320.1%
NatWest Group PLC4.964% 08/15/20300.1%
Ferguson Enterprises Inc5.000% 10/03/20340.1%
Fannie Mae Pool6.000% 02/01/20390.1%
Fannie Mae Pool3.500% 09/01/20510.1%
Aeropuertos Dominicanos Siglo XXI SA7.000% 06/30/20340.1%
BSPRT 2022-FL8 Issuer Ltd6.493% 02/15/20370.1%
Fannie Mae Pool2.500% 08/01/20510.1%
Life Time Inc0.000% 10/22/20310.1%
Baxalta Inc4.000% 06/23/20250.1%
Universal Health Services Inc5.050% 10/15/20340.1%
30-YR UMBS-TBA PROD NOV6.500% 07/01/20530.1%
Alpha Generation LLC6.750% 10/15/20320.1%
Connecticut Avenue Securities Trust 2023-R076.807% 09/25/20430.0%
Freddie Mac STACR REMIC Trust 2022-HQA27.507% 07/25/20420.0%
Wisconsin Electric Power Co5.050% 10/01/20540.0%
Metropolitan Life Global Funding I4.050% 08/25/20250.0%
30-YR UMBS-TBA PROD DEC6.000% 10/01/20530.0%
Avant Loans Funding Trust 2022-REV16.540% 09/15/20310.0%
Sunrun Demeter Issuer 2021-2 LLC2.270% 01/30/20570.0%
Navient Corp11.500% 03/15/20310.0%
Freddie Mac Pool2.500% 05/01/20520.0%
DYNASTY ACQUISITION CO INC0.000% 10/25/20310.0%
30-YR UMBS-TBA PROD NOV5.000% 08/01/20540.0%
Octane Receivables Trust 2022-25.110% 02/22/20280.0%
30-YR UMBS-TBA PROD NOV6.000% 10/01/20530.0%
Galaxy XXI CLO Ltd5.899% 04/20/20310.0%
BBCMS 2019-BWAY Mortgage Trust5.856% 11/15/20340.0%
CF Trust 2019-BOSS8.083% 12/15/20240.0%
Globo Comunicacao e Participacoes SA4.875% 01/22/20300.0%
FX USD/CAD 11/240.000% 11/22/20240.0%
Hudsons Bay Simon JV Trust 2015-HBS0.541% 08/05/20340.0%
Starwood Mortgage Residential Trust 2020-12.275% 02/25/20500.0%
Rain CII Carbon LLC / CII Carbon Corp7.250% 04/01/20250.0%
FX USD/CAD 11/240.000% 11/22/20240.0%
Hudsons Bay Simon JV Trust 2015-HBS0.493% 08/05/20340.0%
WFRBS Commercial Mortgage Trust 2014-C230.327% 10/15/20570.0%
Citigroup Commercial Mortgage Trust 2014-GC250.086% 10/10/20470.0%
OGX Austria GmbH8.500% 06/01/20180.0%
US 5YR NOTE (CBT) Dec240.000% 01/06/20250.0%
US 10yr Ultra Fut Dec240.000% 12/31/20240.0%
US 2YR NOTE (CBT) Dec240.000% 01/06/2025-0.1%
US ULTRA BOND CBT Dec240.000% 12/31/2024-0.2%

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 12/13/2024
$0.37727
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 11/30/2024 $0.03351 $8.81
Daily Daily 10/31/2024 $0.03380 $8.74
Daily Daily 09/30/2024 $0.03391 $8.98
Daily Daily 08/31/2024 $0.03479 $8.90
Daily Daily 07/31/2024 $0.03509 $8.79
Daily Daily 06/30/2024 $0.03454 $8.63
Daily Daily 05/31/2024 $0.03479 $8.58
Daily Daily 04/30/2024 $0.03456 $8.48
Daily Daily 03/31/2024 $0.03445 $8.71
Daily Daily 02/29/2024 $0.03368 $8.66
Daily Daily 01/31/2024 $0.03415 $8.79

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 12/31/2024

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
12/16/2021 12/17/2021 $0.0629 - $0.0629 $10.49
*

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. 

Fees & Expenses

Fees & Expenses

Sales Charge Schedule as of 12/13/2024

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $100,000 2.25% 2.00% $8.93
$100,000 to $249,999 1.75% 1.50% $8.89
$250,000 to $499,999 1.25% 1.00% $8.84
Greater than $500,000 0.00% 1.00% $8.73

Class A shares purchased without a sales charge (commissionable NAV) will be subject to a CDSC of 1% if they are redeemed before the first day of the month in which the one-year anniversary of the purchase falls.

For Sales Charge Reductions and Waivers View Full Disclosure

SALES CHARGE REDUCTIONS AND WAIVERS

Please inform the fund company or your financial intermediary at the time of your purchase of fund shares if you believe you qualify for a reduced front-end sales charge.

Reducing Your Class A Share Front-End Sales Charge
You may purchase Class A shares at a discount if you qualify under the circumstances outlined below. To receive a reduced front-end sales charge, you must let the fund or your financial intermediary know at the time of your purchase of fund shares that you believe you qualify for a discount. If you or a related party have holdings of eligible funds (as defined below) in other accounts with your financial intermediary or with other financial intermediaries that may be combined with your current purchases in determining the sales charge as described below, you must inform a fund or your financial intermediary. You may be asked to provide supporting account statements or other information to allow us or your financial intermediary to verify your eligibility for a discount. If you or your financial intermediary do not notify a fund or provide the requested information, you may not receive the reduced sales charge for which you otherwise qualify. Class A shares may be purchased at a discount if you qualify under either of the following conditions:

  • Rights of Accumulation - A Purchaser (as defined below) may combine thevalue of Class A, A1, C, F, and P shares of any Eligible Fund currentlyowned with a new purchase of Class A shares of any Eligible Fund in orderto reduce the sales charge on the new purchase. Class F3, I, R2, R3, R4, R5,and R6 share holdings may not be combined for these purposes.To the extent that your financial intermediary is able to do so, the value ofClass A, A1, C, F, and P shares of Eligible Funds determined for the purposeof reducing the sales charge of a new purchase under the Rights ofAccumulation will be calculated at the higher of: (1) the aggregate currentmaximum offering price of your existing Class A, A1, C, F, and P shares ofEligible Funds; or (2) the aggregate amount you invested in such shares(including dividend reinvestments but excluding capital appreciation) less anyredemptions. You should retain any information and account recordsnecessary to substantiate the historical amounts you and any relatedPurchasers have invested in Eligible Funds. You must inform the Fund and/or your financial intermediary at the time of purchase if you believe yourpurchase qualifies for a reduced sales charge and you may be requested toprovide documentation of your holdings in order to verify your eligibility. Ifyou do not do so, you may not receive all sales charge reductions for whichyou are eligible.

  • Letter of Intention — In order to reduce your Class A front-end salescharge, a Purchaser may combine purchases of Class A, A1, C, F, and Pshares of any Eligible Fund the Purchaser intends to make over the next13 months in determining the applicable sales charge. The 13-month Letterof Intention period commences on the day that the Letter of Intention isreceived by the Fund, and the Purchaser must tell the Fund that laterpurchases are subject to the Letter of Intention. Purchases submitted prior tothe date the Letter of Intention is received by the Fund are not countedtoward the sales charge reduction. Current holdings under Rights ofAccumulation may be included in a Letter of Intention in order to reduce thesales charge for purchases during the 13-month period covered by the Letterof Intention. Shares purchased through reinvestment of dividends ordistributions are not included. Class F3, I, R2, R3, R4, R5, and R6 shareholdings may not be combined for these purposes. Class A and A1 shares valued at up to 5% of the amount of intended purchases are escrowed andmay be redeemed to cover the additional sales charges payable if the intendedpurchases under the Letter of Intention are not completed. The Letter ofIntention is neither a binding obligation on you to buy, nor on the Fund tosell, any or all of the intended purchase amount.

Purchaser — A Purchaser includes: (1) an individual; (2) an individual, his or her spouse, domestic partner, and childrenunder the age of 21; (3) retirement and benefit plansincluding a 401(k) plan, profit-sharing plan, moneypurchase plan, defined benefit plan, and 457(b) plan sponsored by a governmental entity, non-profitorganization, school district or church to which employer contributions are made, as well as SIMPLE IRAplans and SEP-IRA plans; or (4) a trustee or other fiduciary purchasing shares for a single trust, estate orsingle fiduciary account or a trust established by the individual as grantor. An individual may include underitem (1) his or her holdings in Eligible Funds as described below in IRAs, as a sole participant of aretirement and benefit plan sponsored by the individual’s business, and as a participant in a 403(b) plan towhich only pre-tax salary deferrals are made. An individual, his or her spouse, and domestic partner mayinclude under item (2) their holdings in IRAs, and as the sole participants in retirement and benefit planssponsored by a business owned by either or both of them. A retirement and benefit plan under item (3)includes all qualified retirement and benefit plans of a single employer and its consolidated subsidiaries,and all qualified retirement and benefit plans of multiple employers registered in the name of a singlebank trustee.

Eligible fund — An eligible fund is any Lord Abbett-sponsored fund except for (1) each portfolio of Lord Abbett Series Fund, Inc., (2) Lord Abbett U.S. Government & Government Sponsored Enterprises Money Market Fund, Inc. ("Money Market Fund") (except for holdings in Money Market Fund, which are attributable to any shares exchanged from the Lord Abbett-sponsored funds), and (3) any other fund the shares of which are not available to the investor at the time of the transaction due to a limitation on the offering of a fund's shares.

Front-end Sales Charge Waivers
Class A shares may be purchased without a front-end sales charge under any of the following conditions:

  • purchases of $1 million or more (may be subject to a CDSC);
  • purchases by retirement and benefit plans with at least 100 eligible employees (may be subject to a CDSC);
  • purchases for retirement and benefit plans made through financial intermediaries that perform participant recordkeeping or other administrative services for the plans and that have entered into special arrangements with a fund and/or Lord Abbett Distributor specifically for such purchases (may be subject to a CDSC);
  • purchases made by or on behalf of financial intermediaries for clients that pay the financial intermediaries fees in connection with fee-based advisory program, provided that the financial intermediaries or their trading agents have entered into special arrangements with a fund and/or Lord Abbett Distributor specifically for such purchases; and
  • certain other types of investors may qualify to purchase Class A share without a front-end sales charge as described in the Statement of Additional Information (SAI).

 

Expense Ratioas of 11/30/2024

Fund Gross Expense Ratio 0.65%
Fund Net Expense Ratio 0.65%

Fund Documents

Fund Documents

0Documents selected
Portfolio Holdings 1Q
Publish Date:11/03/2015
Portfolio Holdings 3Q
Publish Date:11/03/2015
Summary Prospectus
Publish Date:11/03/2015
Statutory Prospectus
Publish Date:11/03/2015
SAI
Publish Date:11/03/2015
Annual Financial Statements and Other Information *
Publish Date:11/03/2015
Semi-Annual Financial Statements and Other Information *
Publish Date:11/03/2015
Semi-Annual Tailored Shareholder Report
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015
Commentary
Publish Date:11/03/2015
* includes items 7-11 of form N-CSR as required, if any.

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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.      

                    

1

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.

 

2

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

 

3

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 A  Except as noted below, returns with sales charges reflect a maximum sales charge of 5.75% for equity funds, 2.25% for all tax-free income funds, fixed income funds and multi-asset class funds. There are also ongoing 12b-1 service fees (and, in certain cases, 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% if the shares are redeemed 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 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.

Select funds to run a Morningstar Hypothetical Report.

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