Bond Debenture Fund

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Daily price w/o sales charge as of 05/01/2025

$6.98

$0.02

YTD Returns w/o sales charge as of 05/01/2025

0.10%

Please click here for performance current to the most recent quarter-end and month-end.

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Summary

What is the Bond Debenture Fund?

The Fund seeks to deliver high current income and long-term growth of capital by investing primarily in a variety of fixed income securities and select equity-related securities.

A PIONEER IN MULTI-SECTOR

Over four decades of multi-sector bond investing, emphasizing rigorous credit research.

A FLEXIBLE APPROACH

The flexibility to adjust allocations to take advantage of opportunities as market conditions change.

TIME-TESTED RESULTS

A long track record illustrates performance in many market environments.

Yield

Average Yield to Maturity as of 03/31/2025

7.05%

Distribution Yield as of 05/01/2025

6.31%

30-Day Standardized Yield ¹ as of 03/31/2025

	Subsidized²	Un-Subsidized³
w/o sales charge	6.13%	6.12%

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.

Distribution Yield is the calculation of cash flow for an investment vehicle, to calculate the distribution yield, the most recent distribution is multiplied by 12 to get an annualized total, which is then divided by the NAV.

Fund Basicsas of 03/31/2025

Total Net Assets: $21.77 B
Inception Date: 09/28/2007
Dividend Frequency: Monthly
Fund Gross Expense Ratio: 0.80%
Fund Net Expense Ratio: 0.80%
Adjusted Expense Ratio: 0.69%
Number of Holdings: 933

Fund Expense Ratio :

Gross 0.80%

Net 0.80%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 09/28/2007

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 09/28/2007
w/o sales charge	0.37%	6.54%	3.19%	4.01%	3.59%	5.12%
Lipper Category Avg. Multi-Sector Income Funds	-10000.0%	-10000.0%	-10000.0%	-10000.0%	-10000.0%	-10000.0%
Bloomberg U.S. Aggregate Bond Index	3.18%	8.02%	1.95%	-0.67%	1.54%	3.01%
w/ sales charge	0.37%	6.54%	3.19%	4.01%	3.59%	5.12%

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

Fund Expense Ratio :

Gross 0.80%

Net 0.80%

Fund Expense Ratio :

Gross 0.80%

Net 0.80%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 09/28/2007

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 09/28/2007
w/o sales charge	0.85%	5.77%	2.31%	4.94%	3.66%	5.18%
Lipper Category Avg. Multi-Sector Income Funds	1.81%	5.86%	2.65%	4.12%	2.99%	-10000.0%
Bloomberg U.S. Aggregate Bond Index	2.78%	4.88%	0.52%	-0.40%	1.46%	3.00%

Fund Expense Ratio :

Gross 0.80%

Net 0.80%

Past performance is not a reliable indicator or guarantee 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.

Type	Assets
U.S. High Yield Corporate
U.S. Investment Grade Corporate
MBS
Non-U.S. Investment Grade Corporate
Non-U.S. High Yield Corporate
CMBS
Equity
Bank Loans
Sovereign
ABS
U.S. Government Related
Private Credit
Municipals
Convertibles
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 03/31/2025 View Portfolio

Rating	Assets
U.S. Treasury
Agency
AAA
AA
A
BBB
BB
B
<B
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 higher credit rating. 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

Steven F. Rocco, CFA

Partner & Co-Head of Taxable Fixed Income

24 Years of Industry Experience

Robert A. Lee

Partner & Co-Head of Taxable Fixed Income

34 Years of Industry Experience

Andrew H. O'Brien, CFA

Partner, Portfolio Manager

27 Years of Industry Experience

Robert S. Clark, CFA

Portfolio Manager

28 Years of Industry Experience

Christopher Gizzo, CFA

Partner, Deputy Director of Leveraged Credit

17 Years of Industry Experience

Eric P. Kang

Partner, Portfolio Manager

26 Years of Industry Experience

Supported By 60 Investment Professionals with 15 Years Avg. Industry Experience

Contact a Representative

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Performance

Average Yield to Maturity as of 03/31/2025

7.05%

Distribution Yield as of 05/01/2025

6.31%

30-Day Standardized Yield ¹ as of 03/31/2025

	Subsidized²	Un-Subsidized³
w/o sales charge	6.13%	6.12%

Fund Expense Ratio :

Gross 0.80%

Net 0.80%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 09/28/2007

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 09/28/2007
w/o sales charge	0.37%	6.54%	3.19%	4.01%	3.59%	5.12%
Lipper Category Avg. Multi-Sector Income Funds	-10000.0%	-10000.0%	-10000.0%	-10000.0%	-10000.0%	-10000.0%
Bloomberg U.S. Aggregate Bond Index	3.18%	8.02%	1.95%	-0.67%	1.54%	3.01%
w/ sales charge	0.37%	6.54%	3.19%	4.01%	3.59%	5.12%

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

Fund Expense Ratio :

Gross 0.80%

Net 0.80%

Fund Expense Ratio :

Gross 0.80%

Net 0.80%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 09/28/2007

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 09/28/2007
w/o sales charge	0.85%	5.77%	2.31%	4.94%	3.66%	5.18%
Lipper Category Avg. Multi-Sector Income Funds	1.81%	5.86%	2.65%	4.12%	2.99%	-10000.0%
Bloomberg U.S. Aggregate Bond Index	2.78%	4.88%	0.52%	-0.40%	1.46%	3.00%

Fund Expense Ratio :

Gross 0.80%

Net 0.80%

Year	Fund Returns	Bloomberg U.S. Aggregate Bond Index

Year	Fund Returns	Bloomberg U.S. Aggregate Bond Index
2024	6.88%	1.25%
2023	6.96%	5.53%
2022	-12.62%	-13.01%
2021	3.48%	-1.54%
2020	7.57%	7.51%
2019	13.64%	8.72%
2018	-3.83%	0.01%
2017	9.32%	3.54%
2016	12.46%	2.65%
2015	-1.53%	0.55%
2014	4.53%	-10000.0%
2013	8.05%	-10000.0%
2012	13.50%	-10000.0%
2011	4.12%	-10000.0%
2010	13.24%	-10000.0%
2009	35.81%	-10000.0%
2008	-20.17%	-10000.0%

Year	Q1	Q2	Q3	Q4

Year	Q1	Q2	Q3	Q4
2025	0.85%	-10000.0%	-10000.0%	-10000.0%
2024	1.90%	0.96%	4.66%	-0.74%
2023	1.81%	0.14%	-1.41%	6.40%
2022	-5.93%	-7.90%	-1.72%	2.63%
2021	0.98%	2.08%	0.13%	0.25%
2020	-11.89%	10.13%	4.51%	6.08%
2019	6.86%	3.63%	0.76%	1.85%
2018	-0.99%	-0.13%	2.27%	-4.90%
2017	2.69%	2.12%	2.44%	1.77%
2016	1.66%	4.34%	4.78%	1.19%
2015	3.56%	-0.41%	-3.60%	-0.96%
2014	2.89%	2.57%	-1.52%	0.57%
2013	3.17%	-1.42%	2.76%	3.39%
2012	5.73%	0.30%	4.39%	2.53%
2011	4.27%	0.92%	-6.51%	5.84%
2010	3.76%	-1.14%	6.69%	3.47%
2009	2.65%	12.85%	11.44%	5.20%
2008	-2.73%	1.49%	-7.87%	-12.24%

NAV Historical Prices

Date	Net Asset Value

Portfolio

Type	Assets
U.S. High Yield Corporate
U.S. Investment Grade Corporate
MBS
Non-U.S. Investment Grade Corporate
Non-U.S. High Yield Corporate
CMBS
Equity
Bank Loans
Sovereign
ABS
U.S. Government Related
Private Credit
Municipals
Convertibles
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 03/31/2025

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

Portfolio Positioning as of 12/31/2024

The Fund remained diversified across broad fixed income sectors. Beyond investment grade and high yield corporate bonds, the Fund maintained a meaningful allocation to agency mortgage-backed securities (MBS), as well as modest allocations to convertible bonds, EM sovereign and corporate debt and bank loans. Over the quarter we added to floating rate sectors, specifically bank loans and high-quality collateralized loan obligations (CLOs), and reduced agency MBS and fixed-rated corporate credit. We believe select exposures to these sectors offer attractive risk-reward opportunities, potential portfolio diversification benefits and avenues for liquidity.
We added to the Fund’s floating rate exposure. Stronger economic growth and market indicators have led to a reduction in expected rate cuts by the Fed in 2025, which has led to higher bond yields. In this environment, we have increased the Fund’s allocation to floating rate sectors in favor of fixed-rate asset classes that carry a higher sensitivity to interest rate volatility.
The Fund continued to be broadly constructive on corporate credit and floating rate assets. We remain constructive on corporate credit considering the macroeconomic resilience in the U.S. and benign default rate outlook. Notably, fundamentals for both investment grade and high yield issuers continue to be robust with leverage and interest rate coverage also remaining at supportive levels, aiding the belief that defaults should be relatively benign as we enter 2025.
We are more balanced in the Fund’s sector exposure. The Fund remained primarily allocated to Basic Industry and Energy sectors. However, we continued to trim the Fund’s allocation to these sectors, specifically in Chemicals, Metals and Mining, and Exploration & Production subsectors, in an effort to have more balanced sector exposure.
Looking forward, we continue to see opportunity to capture high levels of carry within fixed income sectors. We remain constructive on fixed income to deliver attractive risk-adjusted returns, and our outlook is grounded in both macroeconomic and fundamental factors. However, the investment landscape is complex, requiring a balanced approach to risks and opportunities. Key challenges include navigating monetary policy paths, balancing tight credit spreads with attractive yields, and ensuring portfolio resilience for unexpected outcomes. However, despite the modest decline in bond yields in response to the Fed’s rate cuts in 2024, yields across the U.S. Treasury curve continue to relatively elevated compared to most of the past decade. Higher bond yields should bring improved return expectations and a more attractive risk/reward dynamic for investors, as the higher starting yields can provide protection from rate increases or spread widening. Outside of credit, we continue to find value in areas such as agency MBS, as well as select opportunities in floating rate and securitized products.

Portfolio Details as of 03/31/2025

Total Net Assets: $21.77 B
Average Effective Duration: 5.19 Years
Average Life: 5.71 Years
Average Maturity: 6.91 Years
Number of Issues: 933
Average Yield to Maturity: 7.05%

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

Holding	Coupon	Maturity	Assets

Holding	Coupon	Maturity	Assets
United States Treasury Bill	0.000%	06/05/2025	2.2%
30-YR UMBS-TBA PROD MAY	5.500%	11/01/2054	1.2%
15-YR UMBS-TBA PROD MAY	5.500%	05/01/2039	1.2%
30-YR GNMA II-TBA PROD APR	6.500%	05/01/2054	1.0%
15-YR UMBS-TBA PROD MAY	5.000%	10/01/2039	0.9%
30-YR UMBS-TBA PROD MAY	5.000%	08/01/2054	0.9%
LA PRIVATE CREDIT FUND	0.000%	10/04/2099	0.8%
Argentine Republic Government International Bond	0.750%	07/09/2030	0.7%
15-YR UMBS-TBA PROD MAY	6.000%	11/01/2038	0.7%
30-YR UMBS-TBA PROD MAY	7.000%	05/01/2053	0.6%

% of Total Assets			10.2%

Holding	Coupon	Maturity	Assets

Holding	Coupon	Maturity	Assets
United States Treasury Bill	0.000%	06/05/2025	2.2%
J P MORGAN SECURITIES INC	4.340%	04/01/2025	1.3%
30-YR UMBS-TBA PROD MAY	5.500%	11/01/2054	1.2%
15-YR UMBS-TBA PROD MAY	5.500%	05/01/2039	1.2%
30-YR GNMA II-TBA PROD APR	6.500%	05/01/2054	1.0%
15-YR UMBS-TBA PROD MAY	5.000%	10/01/2039	0.9%
30-YR UMBS-TBA PROD MAY	5.000%	08/01/2054	0.8%
LA PRIVATE CREDIT FUND	0.000%	10/04/2099	0.8%
Argentine Republic Government International Bond	0.750%	07/09/2030	0.7%
15-YR UMBS-TBA PROD MAY	6.000%	11/01/2038	0.7%
30-YR UMBS-TBA PROD MAY	7.000%	05/01/2053	0.6%
American Airlines Inc/AAdvantage Loyalty IP Ltd	5.750%	04/20/2029	0.6%
TORONTO DOMINION BANK THE	4.350%	04/01/2025	0.5%
Antero Resources Corp	5.375%	03/01/2030	0.4%
15-YR UMBS-TBA PROD APR	5.500%	05/01/2039	0.4%
30-YR GNMA II-TBA PROD MAY	6.000%	05/01/2054	0.4%
30-YR UMBS-TBA PROD MAY	6.000%	06/01/2054	0.4%
30-YR GNMA II-TBA PROD APR	5.000%	11/01/2054	0.4%
30-YR UMBS-TBA PROD MAY	6.500%	02/01/2054	0.4%
EMRLD Borrower LP / Emerald Co-Issuer Inc	6.625%	12/15/2030	0.4%
Crowdstrike Holdings Inc	3.000%	02/15/2029	0.4%
Vistra Operations Co LLC	4.375%	05/01/2029	0.3%
Ecuador Government International Bond	6.900%	07/31/2030	0.3%
SHOW Trust 2022-BIZ	7.306%	01/15/2027	0.3%
Calpine Corp	4.625%	02/01/2029	0.3%
15-YR UMBS-TBA PROD APR	5.000%	10/01/2039	0.3%
30-YR GNMA II-TBA PROD MAY	6.500%	05/01/2054	0.3%
DISH Network Corp	11.750%	11/15/2027	0.3%
30-YR UMBS-TBA PROD MAY	4.000%	09/01/2054	0.3%
Petroleos Mexicanos	10.000%	02/07/2033	0.3%
30-YR GNMA II-TBA PROD APR	6.000%	05/01/2054	0.3%
Western Midstream Operating LP	4.050%	02/01/2030	0.3%
30-YR UMBS-TBA PROD APR	6.500%	02/01/2054	0.3%
30-YR GNMA II-TBA PROD MAY	5.500%	09/01/2054	0.3%
VICI Properties LP / VICI Note Co Inc	4.625%	12/01/2029	0.3%
30-YR GNMA II-TBA PROD APR	4.500%	12/01/2054	0.3%
Westlake Automobile Receivables Trust 2021-1	3.910%	09/15/2027	0.3%
Deutsche Bank AG/New York NY	7.079%	02/10/2034	0.3%
TORONTO DOMINION BANK THE	4.310%	04/01/2025	0.3%
Nissan Motor Co Ltd	4.810%	09/17/2030	0.3%
Hughes Satellite Systems Corp	5.250%	08/01/2026	0.3%
MEG Energy Corp	5.875%	02/01/2029	0.3%
TransDigm Inc	4.625%	01/15/2029	0.3%
Venture Global LNG Inc	9.500%	02/01/2029	0.3%
30-YR UMBS-TBA PROD APR	7.000%	05/01/2053	0.3%
EquipmentShare.com Inc	9.000%	05/15/2028	0.3%
X Corp	10.922%	10/29/2029	0.3%
Lumen Technologies Inc	6.784%	04/16/2029	0.3%
Boeing Co/The	6.528%	05/01/2034	0.3%
Lightning Power LLC	7.250%	08/15/2032	0.3%
Western Alliance Bancorp	3.000%	06/15/2031	0.3%
Credit Agricole SA	4.750%	03/23/2174	0.2%
Heathrow Finance PLC	6.625%	03/01/2031	0.2%
Australia & New Zealand Banking Group Ltd	6.742%	12/08/2032	0.2%
BLP Commercial Mortgage Trust 2024-IND2	5.661%	03/15/2041	0.2%
CaixaBank SA	6.208%	01/18/2029	0.2%
Synchrony Financial	7.250%	02/02/2033	0.2%
Directv Financing LLC / Directv Financing Co-Obligor Inc	5.875%	08/15/2027	0.2%
First-Citizens Bank & Trust Co	6.125%	03/09/2028	0.2%
El Salvador Government International Bond	9.250%	04/17/2030	0.2%
Sands China Ltd	2.850%	03/08/2029	0.2%
El Salvador Government International Bond	8.625%	02/28/2029	0.2%
Range Resources Corp	4.750%	02/15/2030	0.2%
30-YR UMBS-TBA PROD MAY	4.500%	09/01/2054	0.2%
CSC Holdings LLC	4.625%	12/01/2030	0.2%
Sea Ltd	0.000%	09/09/9999	0.2%
UniCredit SpA	7.296%	04/02/2034	0.2%
15-YR UMBS-TBA PROD APR	6.000%	11/01/2038	0.2%
Sunrise FinCo I BV	4.875%	07/15/2031	0.2%
Topaz Solar Farms LLC	5.750%	09/30/2039	0.2%
Fortiva Retail Prime Master Note Business Trust	6.600%	09/17/2029	0.2%
Palomino Funding Trust I	7.233%	05/17/2028	0.2%
Vmed O2 UK Financing I PLC	4.250%	01/31/2031	0.2%
CSC Holdings LLC	11.750%	01/31/2029	0.2%
ASP Unifrax Holdings Inc	10.425%	09/30/2029	0.2%
Coinbase Global Inc	3.375%	10/01/2028	0.2%
CQP Holdco LP / BIP-V Chinook Holdco LLC	5.500%	06/15/2031	0.2%
Aethon United BR LP / Aethon United Finance Corp	7.500%	10/01/2029	0.2%
ROCK Trust 2024-CNTR	8.819%	11/13/2041	0.2%
Constellation Energy Generation LLC	6.250%	10/01/2039	0.2%
J P MORGAN SECURITIES INC	4.350%	04/01/2025	0.2%
Matador Resources Co	6.875%	04/15/2028	0.2%
Whistler Pipeline LLC	5.950%	09/30/2034	0.2%
Ally Financial Inc	6.700%	02/14/2033	0.2%
Minera Mexico SA de CV	5.625%	02/12/2032	0.2%
NRG Energy Inc	10.250%	09/15/2173	0.2%
SeaWorld Parks & Entertainment Inc	5.250%	08/15/2029	0.2%
Virgin Media Bristol LLC	7.757%	03/31/2031	0.2%
TGNR Intermediate Holdings LLC	5.500%	10/15/2029	0.2%
Deutsche Bank AG/New York NY	6.720%	01/18/2029	0.2%
Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC	3.500%	03/15/2029	0.2%
DaVita Inc	4.625%	06/01/2030	0.2%
United Airlines 2024-1 Class AA Pass Through Trust	5.450%	02/15/2037	0.2%
Samarco Mineracao SA	9.000%	06/30/2031	0.2%
UBS Group AG	3.869%	01/12/2029	0.2%
Standard Chartered PLC	7.767%	11/16/2028	0.2%
Lsf12 Crown US Commercial Bidco LLC	8.574%	12/02/2031	0.2%
Comstock Resources Inc	6.750%	03/01/2029	0.2%
Plains All American Pipeline LP	5.950%	06/15/2035	0.2%
ZF North America Capital Inc	7.125%	04/14/2030	0.2%
Ecopetrol SA	5.875%	05/28/2045	0.2%
Cloud Software Group Inc	6.500%	03/31/2029	0.2%
Spotify Technology SA	0.000%	09/09/9999	0.2%
Bausch Health Cos Inc	11.000%	09/30/2028	0.2%
Nigeria Government International Bond	7.143%	02/23/2030	0.2%
MSCI Inc	4.000%	11/15/2029	0.2%
Midwest Gaming Borrower LLC / Midwest Gaming Finance Corp	4.875%	05/01/2029	0.2%
Carnival Corp	5.750%	03/01/2027	0.2%
3M Co	5.150%	03/15/2035	0.2%
Tampa Electric Co	5.150%	03/01/2035	0.2%
Fortress Transportation and Infrastructure Investors LLC	5.875%	04/15/2033	0.2%
Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer	6.750%	04/15/2028	0.2%
Encino Acquisition Partners Holdings LLC	8.500%	05/01/2028	0.2%
Vermilion Energy Inc	7.250%	02/15/2033	0.2%
Organon & Co / Organon Foreign Debt Co-Issuer BV	5.125%	04/30/2031	0.2%
Altice France SA	8.125%	02/01/2027	0.2%
BX Commercial Mortgage Trust 2021-VOLT	5.134%	09/15/2036	0.2%
VZ Secured Financing BV	5.000%	01/15/2032	0.2%
Angolan Government International Bond	9.375%	05/08/2048	0.2%
Ardonagh Group Finance Ltd	8.875%	02/15/2032	0.2%
Rayonier LP	2.750%	05/17/2031	0.2%
Pacific Gas and Electric Co	6.150%	01/15/2033	0.2%
Carnival Corp	4.000%	08/01/2028	0.2%
Rand Parent LLC	8.500%	02/15/2030	0.2%
Noble Finance II LLC	8.000%	04/15/2030	0.2%
30-YR GNMA II-TBA PROD APR	5.500%	09/01/2054	0.2%
General Motors Financial Co Inc	5.450%	09/06/2034	0.2%
Regal Rexnord Corp	6.400%	04/15/2033	0.2%
1261229 BC Ltd	10.000%	04/15/2032	0.2%
Saturn Oil & Gas Inc	9.625%	06/15/2029	0.2%
Mauser Packaging Solutions Holding Co	7.875%	08/15/2026	0.2%
Kinross Gold Corp	6.250%	07/15/2033	0.2%
Block Inc	6.500%	05/15/2032	0.2%
Resorts World Las Vegas LLC / RWLV Capital Inc	4.625%	04/16/2029	0.2%
Crescent Energy Finance LLC	7.375%	01/15/2033	0.2%
American Assets Trust LP	6.150%	10/01/2034	0.2%
JetBlue Airways Corp / JetBlue Loyalty LP	9.875%	09/20/2031	0.2%
Crescent Energy Finance LLC	7.625%	04/01/2032	0.2%
Viper Energy Inc	5.375%	11/01/2027	0.2%
Oceaneering International Inc	6.000%	02/01/2028	0.2%
Foundry JV Holdco LLC	5.500%	01/25/2031	0.2%
Saks Global Enterprises LLC	11.000%	12/15/2029	0.2%
Wells Fargo Commercial Mortgage Trust 2024-MGP	6.010%	08/15/2041	0.2%
Molina Healthcare Inc	3.875%	11/15/2030	0.2%
Piedmont Operating Partnership LP	9.250%	07/20/2028	0.2%
JW Commercial Mortgage Trust 2024-MRCO	5.940%	06/15/2039	0.2%
Ovintiv Inc	6.500%	02/01/2038	0.2%
Trinidad & Tobago Government International Bond	6.400%	06/26/2034	0.2%
nVent Finance Sarl	5.650%	05/15/2033	0.2%
Cloud Software Group Inc	8.250%	06/30/2032	0.2%
Caesars Entertainment Inc	4.625%	10/15/2029	0.2%
30-YR GNMA II-TBA PROD MAY	5.000%	11/01/2054	0.2%
Bank OZK	2.750%	10/01/2031	0.2%
Fortress Transportation and Infrastructure Investors LLC	5.500%	05/01/2028	0.2%
Freeport-McMoRan Inc	5.400%	11/14/2034	0.2%
Churchill Downs Inc	4.750%	01/15/2028	0.2%
Vital Energy Inc	7.750%	07/31/2029	0.2%
AMC Networks Inc	4.250%	02/15/2029	0.2%
Celsius Holdings Inc	0.000%	09/09/9999	0.2%
BX Commercial Mortgage Trust 2024-XL4	5.761%	02/15/2039	0.2%
SK Hynix Inc	6.500%	01/17/2033	0.2%
Novelis Corp	4.750%	01/30/2030	0.2%
Spirit AeroSystems Inc	4.600%	06/15/2028	0.2%
CCO Holdings LLC / CCO Holdings Capital Corp	5.000%	02/01/2028	0.2%
Expand Energy Corp	5.375%	03/15/2030	0.2%
GEO Group Inc/The	8.625%	04/15/2029	0.2%
Sinclair Television Group Inc	7.740%	12/31/2029	0.2%
Boeing Co/The	5.805%	05/01/2050	0.2%
Sands China Ltd	4.375%	06/18/2030	0.2%
Kimmeridge Texas Gas LLC	8.500%	02/15/2030	0.2%
MC Brazil Downstream Trading SARL	7.250%	06/30/2031	0.2%
Roller Bearing Co of America Inc	4.375%	10/15/2029	0.2%
Webster Financial Corp	4.100%	03/25/2029	0.2%
Buckeye Partners LP	6.750%	02/01/2030	0.2%
CCO Holdings LLC / CCO Holdings Capital Corp	5.375%	06/01/2029	0.2%
International Business Machines Corp	0.000%	09/09/9999	0.2%
RB Global Inc	0.000%	09/09/9999	0.2%
Zegona Finance PLC	8.625%	07/15/2029	0.2%
Progressive Corp/The	0.000%	09/09/9999	0.2%
Freedom Mortgage Holdings LLC	9.250%	02/01/2029	0.2%
AS Mileage Plan IP Ltd	5.308%	10/20/2031	0.2%
Atlassian Corp	5.500%	05/15/2034	0.2%
Smyrna Ready Mix Concrete LLC	6.000%	11/01/2028	0.2%
T-Mobile USA Inc	5.300%	05/15/2035	0.2%
Medline Borrower LP	3.875%	04/01/2029	0.2%
Sunoco LP	6.250%	07/01/2033	0.2%
Hughes Satellite Systems Corp	6.625%	08/01/2026	0.2%
Allied Universal Holdco LLC / Allied Universal Finance Corp	6.000%	06/01/2029	0.2%
ONEOK Inc	6.050%	09/01/2033	0.2%
NCL Corp Ltd	6.750%	02/01/2032	0.2%
WB Commercial Mortgage Trust 2024-HQ	5.541%	03/15/2040	0.2%
Kosmos Energy Ltd	7.750%	05/01/2027	0.2%
Meituan	4.625%	10/02/2029	0.2%
Netflix Inc	0.000%	09/09/9999	0.1%
CCO Holdings LLC / CCO Holdings Capital Corp	4.750%	03/01/2030	0.1%
CCO Holdings LLC / CCO Holdings Capital Corp	6.375%	09/01/2029	0.1%
CHS/Community Health Systems Inc	4.750%	02/15/2031	0.1%
Gartner Inc	3.625%	06/15/2029	0.1%
Mars Inc	5.700%	05/01/2055	0.1%
Trimble Inc	6.100%	03/15/2033	0.1%
NCR Atleos Corp	9.500%	04/01/2029	0.1%
OneMain Finance Corp	7.500%	05/15/2031	0.1%
Cabot Corp	5.000%	06/30/2032	0.1%
Air Canada	3.875%	08/15/2026	0.1%
Moss Creek Resources Holdings Inc	8.250%	09/01/2031	0.1%
TK Elevator US Newco Inc	5.250%	07/15/2027	0.1%
Studio City Finance Ltd	5.000%	01/15/2029	0.1%
Pike Corp	5.500%	09/01/2028	0.1%
ONEOK Inc	6.500%	09/01/2030	0.1%
Palantir Technologies Inc	0.000%	09/09/9999	0.1%
Talos Production Inc	9.000%	02/01/2029	0.1%
Delek Logistics Partners LP / Delek Logistics Finance Corp	8.625%	03/15/2029	0.1%
Boardwalk Pipelines LP	5.625%	08/01/2034	0.1%
Vermilion Energy Inc	6.875%	05/01/2030	0.1%
Vital Energy Inc	7.875%	04/15/2032	0.1%
Huntington Ingalls Industries Inc	4.200%	05/01/2030	0.1%
Choice Hotels International Inc	5.850%	08/01/2034	0.1%
NYO Commercial Mortgage Trust 2021-1290	5.529%	11/15/2038	0.1%
NCL Corp Ltd	5.875%	02/15/2027	0.1%
EQM Midstream Partners LP	6.500%	07/01/2027	0.1%
Suncor Energy Inc	7.150%	02/01/2032	0.1%
LPL Holdings Inc	6.000%	05/20/2034	0.1%
Macquarie Airfinance Holdings Ltd	6.500%	03/26/2031	0.1%
ATI Inc	7.250%	08/15/2030	0.1%
30-YR UMBS-TBA PROD APR	5.000%	08/01/2054	0.1%
SWCH Commercial Mortgage Trust 2025-DATA	6.960%	03/15/2042	0.1%
California Resources Corp	8.250%	06/15/2029	0.1%
Dutch Bros Inc	0.000%	09/09/9999	0.1%
Walgreens Boots Alliance Inc	8.125%	08/15/2029	0.1%
Senegal Government International Bond	6.250%	05/23/2033	0.1%
MIWD Holdco II LLC / MIWD Finance Corp	5.500%	02/01/2030	0.1%
CSMC 2021-BPNY	8.149%	08/15/2026	0.1%
Cloud Software Group Inc	9.000%	09/30/2029	0.1%
NRG Energy Inc	7.000%	03/15/2033	0.1%
Caesars Entertainment Inc	7.000%	02/15/2030	0.1%
Jane Street Group / JSG Finance Inc	7.125%	04/30/2031	0.1%
Star Parent Inc	9.000%	10/01/2030	0.1%
Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC	10.500%	02/15/2028	0.1%
Iron Mountain Inc	4.875%	09/15/2029	0.1%
30-YR UMBS-TBA PROD APR	5.500%	11/01/2054	0.1%
Sotheby's Artfi Master Trust	5.805%	12/22/2031	0.1%
Penumbra Inc	0.000%	09/09/9999	0.1%
Modena Buyer LLC	8.791%	07/01/2031	0.1%
Aston Martin Capital Holdings Ltd	10.000%	03/31/2029	0.1%
Hilton Domestic Operating Co Inc	5.875%	03/15/2033	0.1%
Global Auto Holdings Ltd/AAG FH UK Ltd	8.375%	01/15/2029	0.1%
FMG Resources August 2006 Pty Ltd	4.375%	04/01/2031	0.1%
2024 EUR TERM LOAN B	6.822%	05/14/2031	0.1%
Organon & Co / Organon Foreign Debt Co-Issuer BV	7.875%	05/15/2034	0.1%
SK Invictus Intermediate II Sarl	5.000%	10/30/2029	0.1%
GRACIE POINT INTERNATIONAL FUNDING 2023-1	6.374%	09/01/2026	0.1%
ABN AMRO Bank NV	3.324%	03/13/2037	0.1%
BFLD 2024-VICT Mortgage Trust	6.209%	07/15/2041	0.1%
Valaris Ltd	8.375%	04/30/2030	0.1%
ASP Unifrax Holdings Inc	7.100%	09/30/2029	0.1%
Brand Industrial Services Inc	10.375%	08/01/2030	0.1%
Delta Air Lines Inc / SkyMiles IP Ltd	4.750%	10/20/2028	0.1%
Constellation Energy Generation LLC	5.800%	03/01/2033	0.1%
Carnival Corp	6.000%	05/01/2029	0.1%
BPR Commercial Mortgage Trust 2024-PARK	4.870%	11/05/2039	0.1%
Stena International SA	7.250%	01/15/2031	0.1%
Venture Global LNG Inc	9.000%	03/30/2174	0.1%
BellRing Brands Inc	7.000%	03/15/2030	0.1%
JD Logistics Inc	0.000%	09/09/9999	0.1%
SM Energy Co	7.000%	08/01/2032	0.1%
CITGO Petroleum Corp	8.375%	01/15/2029	0.1%
Ukraine Government International Bond	0.000%	02/01/2035	0.1%
Petroleos Mexicanos	5.350%	02/12/2028	0.1%
Borr IHC Ltd / Borr Finance LLC	10.000%	11/15/2028	0.1%
Bausch + Lomb Corp	7.672%	05/10/2027	0.1%
Staples Inc	10.045%	09/10/2029	0.1%
MSCI Inc	3.875%	02/15/2031	0.1%
Smithfield Foods Inc	5.200%	04/01/2029	0.1%
Post Holdings Inc	4.625%	04/15/2030	0.1%
Velocity Commercial Capital Loan Trust 2024-2	6.650%	06/25/2054	0.1%
LKQ Corp	6.250%	06/15/2033	0.1%
Raven Acquisition Holdings LLC	6.875%	11/15/2031	0.1%
Jacobs Engineering Group Inc	5.900%	03/01/2033	0.1%
FMG Resources August 2006 Pty Ltd	6.125%	04/15/2032	0.1%
Arko Corp	5.125%	11/15/2029	0.1%
Cherry Securitization Trust 2024-1	5.700%	04/15/2032	0.1%
HUB International Ltd	7.250%	06/15/2030	0.1%
Royal Caribbean Cruises Ltd	5.625%	09/30/2031	0.1%
Alloy Finco Ltd	0.005%	03/06/2028	0.1%
Civitas Resources Inc	8.750%	07/01/2031	0.1%
First Quantum Minerals Ltd	8.625%	06/01/2031	0.1%
Solvay Finance America LLC	5.650%	06/04/2029	0.1%
Baytex Energy Corp	8.500%	04/30/2030	0.1%
YPF SA	8.250%	01/17/2034	0.1%
30-YR UMBS-TBA PROD APR	4.000%	09/01/2054	0.1%
RIDE 2025-SHRE	5.075%	02/14/2047	0.1%
Viterra Finance BV	5.250%	04/21/2032	0.1%
Fontainebleau Miami Beach Mortgage Trust 2024-FBLU	5.769%	12/15/2039	0.1%
Olympus Water US Holding Corp	7.250%	06/15/2031	0.1%
BX Trust 2025-ROIC	7.260%	03/15/2030	0.1%
BAHA Trust 2024-MAR	6.385%	12/10/2041	0.1%
SK Hynix Inc	5.500%	01/16/2029	0.1%
Global Atlantic Fin Co	7.950%	10/15/2054	0.1%
Lumen Technologies Inc	4.500%	01/15/2029	0.1%
UBS Group AG	9.250%	05/13/2173	0.1%
Talen Energy Supply LLC	8.625%	06/01/2030	0.1%
Spirit AeroSystems Inc	9.750%	11/15/2030	0.1%
AI Candelaria -spain- SA	5.750%	06/15/2033	0.1%
Cheniere Energy Partners LP	3.250%	01/31/2032	0.1%
Nationstar Mortgage Holdings Inc	6.500%	08/01/2029	0.1%
YPF SA	9.500%	01/17/2031	0.1%
Hunt Cos Inc	5.250%	04/15/2029	0.1%
Sempra	6.400%	10/01/2054	0.1%
Anastasia Parent LLC	8.047%	08/11/2025	0.1%
Atlas Warehouse Lending Co LP	6.250%	01/15/2030	0.1%
Gap Inc/The	3.875%	10/01/2031	0.1%
Republic of Uzbekistan International Bond	6.947%	05/25/2032	0.1%
Kaiser Aluminum Corp	4.500%	06/01/2031	0.1%
Ausgrid Finance Pty Ltd	4.350%	08/01/2028	0.1%
Great Wolf Trust 2024-WOLF	5.861%	03/15/2039	0.1%
State Street Corp	6.450%	06/15/2173	0.1%
VFH Parent LLC / Valor Co-Issuer Inc	7.500%	06/15/2031	0.1%
CHS/Community Health Systems Inc	5.250%	05/15/2030	0.1%
Baytex Energy Corp	7.375%	03/15/2032	0.1%
Citigroup Inc	6.950%	05/15/2173	0.1%
Madison IAQ LLC	5.875%	06/30/2029	0.1%
Hecla Mining Co	7.250%	02/15/2028	0.1%
FNB Corp/PA	5.722%	12/11/2030	0.1%
DISH DBS Corp	5.125%	06/01/2029	0.1%
Patterson-UTI Energy Inc	7.150%	10/01/2033	0.1%
LifePoint Health Inc	10.000%	06/01/2032	0.1%
DT Midstream Inc	4.300%	04/15/2032	0.1%
Univision Communications Inc	4.500%	05/01/2029	0.1%
Hilton Grand Vacations Borrower LLC / Hilton Grand Vacations Borrower Inc	6.625%	01/15/2032	0.1%
GLP Capital LP / GLP Financing II Inc	4.000%	01/15/2030	0.1%
Freedom Mortgage Holdings LLC	9.125%	05/15/2031	0.1%
Sands China Ltd	5.400%	08/08/2028	0.1%
Westlake Automobile Receivables Trust 2024-1	6.020%	10/15/2029	0.1%
Crockett Partners Equipment Co IIA LLC	6.050%	01/20/2031	0.1%
Carnival Corp	6.125%	02/15/2033	0.1%
Celanese US Holdings LLC	6.415%	07/15/2027	0.1%
Puget Energy Inc	4.100%	06/15/2030	0.1%
CoreCivic Inc	8.250%	04/15/2029	0.1%
Viterra Finance BV	3.200%	04/21/2031	0.1%
Lloyds Banking Group PLC	5.920%	08/07/2027	0.1%
Precision Drilling Corp	6.875%	01/15/2029	0.1%
Clydesdale Acquisition Holdings Inc	6.750%	04/15/2032	0.1%
Vallourec SACA	7.500%	04/15/2032	0.1%
Venture Global LNG Inc	8.375%	06/01/2031	0.1%
Arthur J Gallagher & Co	5.150%	02/15/2035	0.1%
Idaho Power Co	5.700%	03/15/2055	0.1%
GS Mortgage Securities Corp Trust 2024-MARK	6.110%	06/15/2034	0.1%
Medline Borrower LP	5.250%	10/01/2029	0.1%
30-YR UMBS-TBA PROD APR	4.500%	09/01/2054	0.1%
Hanger Inc	7.819%	10/23/2031	0.1%
Ivanhoe Mines Ltd	7.875%	01/23/2030	0.1%
Brandywine Operating Partnership LP	4.550%	10/01/2029	0.1%
Murphy Oil USA Inc	4.750%	09/15/2029	0.1%
BankUnited Inc	4.875%	11/17/2025	0.1%
United States Steel Corp	6.875%	03/01/2029	0.1%
Egypt Government International Bond	8.500%	01/31/2047	0.1%
First Citizens BancShares Inc/NC	6.254%	03/12/2040	0.1%
Bojangles Issuer LLC	6.584%	11/20/2054	0.1%
PennyMac Financial Services Inc	7.875%	12/15/2029	0.1%
Performance Food Group Inc	6.125%	09/15/2032	0.1%
BAT Capital Corp	7.750%	10/19/2032	0.1%
Mercer International Inc	12.875%	10/01/2028	0.1%
Arthur J Gallagher & Co	0.000%	09/09/9999	0.1%
Bausch Health Cos Inc	6.125%	02/01/2027	0.1%
Hilton Domestic Operating Co Inc	3.750%	05/01/2029	0.1%
AES Corp/The	7.600%	01/15/2055	0.1%
Sealed Air Corp	6.875%	07/15/2033	0.1%
OCI NV	6.700%	03/16/2033	0.1%
Wynn Macau Ltd	5.500%	10/01/2027	0.1%
30-YR UMBS-TBA PROD APR	3.500%	10/01/2052	0.1%
Aircastle Ltd	6.500%	07/18/2028	0.1%
AG Issuer LLC	6.250%	03/01/2028	0.1%
BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX	8.450%	06/29/2038	0.1%
Minejesa Capital BV	4.625%	08/10/2030	0.1%
United Airlines 2023-1 Class A Pass Through Trust	5.800%	01/15/2036	0.1%
Viterra Finance BV	2.000%	04/21/2026	0.1%
Howden UK Refinance PLC / Howden UK Refinance 2 PLC / Howden US Refinance LLC	7.250%	02/15/2031	0.1%
Gray Media Inc	5.375%	11/15/2031	0.1%
Iron Mountain Inc	6.250%	01/15/2033	0.1%
American Builders & Contractors Supply Co Inc	4.000%	01/15/2028	0.1%
Jaguar Land Rover Automotive PLC	5.875%	01/15/2028	0.1%
O'Reilly Automotive Inc	0.000%	09/09/9999	0.1%
Allied Universal Holdco LLC/Allied Universal Finance Corp/Atlas Luxco 4 Sarl	4.625%	06/01/2028	0.1%
Dollar General Corp	0.000%	09/09/9999	0.1%
Anglo American Capital PLC	5.625%	04/01/2030	0.1%
Brinker International Inc	0.000%	09/09/9999	0.1%
ROBLOX Corp	3.875%	05/01/2030	0.1%
Patterson-UTI Energy Inc	5.150%	11/15/2029	0.1%
Perrigo Finance Unlimited Co	4.900%	06/15/2030	0.1%
ROCK Trust 2024-CNTR	6.471%	11/13/2041	0.1%
Azul Secured Finance LLP	11.930%	08/28/2028	0.1%
Clydesdale Acquisition Holdings Inc	8.750%	04/15/2030	0.1%
NatWest Group PLC	8.125%	06/30/2173	0.1%
Benteler International AG	10.500%	05/15/2028	0.1%
PNC Financial Services Group Inc/The	3.400%	12/15/2173	0.1%
Goldman Sachs Group Inc/The	6.850%	08/10/2173	0.1%
Allied Universal Holdco LLC	7.875%	02/15/2031	0.1%
SunCoke Energy Inc	4.875%	06/30/2029	0.1%
Encino Acquisition Partners Holdings LLC	8.750%	05/01/2031	0.1%
RB Global Holdings Inc	7.750%	03/15/2031	0.1%
HCA Inc	5.500%	06/01/2033	0.1%
Zions Bancorp NA	6.816%	11/19/2035	0.1%
DPL Inc	4.350%	04/15/2029	0.1%
El Salvador Government International Bond	9.650%	11/21/2054	0.1%
EMRLD Borrower LP / Emerald Co-Issuer Inc	6.750%	07/15/2031	0.1%
Ghana Government International Bond	5.000%	07/03/2035	0.1%
Ally Financial Inc	4.700%	08/15/2173	0.1%
Fiserv Inc	0.000%	09/09/9999	0.1%
Kraken Oil & Gas Partners LLC	7.625%	08/15/2029	0.1%
Casey's General Stores Inc	0.000%	09/09/9999	0.1%
Colombia Government International Bond	8.000%	04/20/2033	0.1%
Western Digital Corp	3.100%	02/01/2032	0.1%
Huntington Bancshares Inc/OH	6.141%	11/18/2039	0.1%
Marvell Technology Inc	5.950%	09/15/2033	0.1%
Lamb Weston Holdings Inc	4.125%	01/31/2030	0.1%
Matador Resources Co	6.500%	04/15/2032	0.1%
Honduras Government International Bond	5.625%	06/24/2030	0.1%
Istanbul Metropolitan Municipality	10.500%	12/06/2028	0.1%
X Corp	9.500%	10/29/2029	0.1%
Neuberger Berman Group LLC / Neuberger Berman Finance Corp	4.875%	04/15/2045	0.1%
Woodward Inc	0.000%	09/09/9999	0.1%
KE Holdings Inc	0.000%	09/09/9999	0.1%
MasTec Inc	4.500%	08/15/2028	0.1%
PennyMac Financial Services Inc	7.125%	11/15/2030	0.1%
VeriSign Inc	5.250%	06/01/2032	0.1%
Cousins Properties LP	5.875%	10/01/2034	0.1%
Alliant Holdings Intermediate LLC	7.317%	09/19/2031	0.1%
Boyne USA Inc	4.750%	05/15/2029	0.1%
EquipmentShare.com Inc	8.625%	05/15/2032	0.1%
Alaska Airlines 2020-1 Class A Pass Through Trust	4.800%	08/15/2027	0.1%
US Bank NA	5.582%	02/25/2032	0.1%
Nationstar Mortgage Holdings Inc	5.500%	08/15/2028	0.1%
Cie Financiere Richemont SA	0.000%	09/09/9999	0.1%
AppLovin Corp	5.500%	12/01/2034	0.1%
HCA Inc	3.500%	09/01/2030	0.1%
Kite Realty Group LP	4.950%	12/15/2031	0.1%
Gruma SAB de CV	5.390%	12/09/2034	0.1%
Saab AB	0.000%	09/09/9999	0.1%
BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX	8.125%	01/08/2039	0.1%
Bausch + Lomb Corp	8.375%	10/01/2028	0.1%
Altice France SA	5.500%	10/15/2029	0.1%
Novelis Inc	6.875%	01/30/2030	0.1%
Deutsche Bank AG/New York NY	4.875%	12/01/2032	0.1%
Boston Scientific Corp	0.000%	09/09/9999	0.1%
Vistra Corp	7.000%	06/15/2173	0.1%
Rakuten Group Inc	9.750%	04/15/2029	0.1%
Boeing Co/The	5.150%	05/01/2030	0.1%
National Fuel Gas Co	5.500%	03/15/2030	0.1%
Carvana Co	9.000%	06/01/2030	0.1%
Sinclair Television Group Inc	8.525%	12/31/2030	0.1%
Goodman US Finance Five LLC	4.625%	05/04/2032	0.1%
Mauser Packaging Solutions Holding Co	9.250%	04/15/2027	0.1%
Navient Corp	6.750%	06/15/2026	0.1%
Brown-Forman Corp	0.000%	09/09/9999	0.1%
Gulfport Energy Operating Corp	6.750%	09/01/2029	0.1%
Bombardier Inc	7.500%	02/01/2029	0.1%
Spin Holdco Inc	8.317%	03/06/2028	0.1%
Diamond Foreign Asset Co / Diamond Finance LLC	8.500%	10/01/2030	0.1%
WMG Acquisition Corp	3.750%	12/01/2029	0.1%
Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc	4.000%	10/15/2033	0.1%
Discover Financial Services	5.500%	04/30/2173	0.1%
Connecticut Avenue Securities Trust 2022-R01	10.340%	12/25/2041	0.1%
Solventum Corp	0.000%	09/09/9999	0.1%
Builders FirstSource Inc	6.375%	06/15/2032	0.1%
PG&E Corp	5.250%	07/01/2030	0.1%
ZF North America Capital Inc	6.750%	04/23/2030	0.1%
TransDigm Inc	6.875%	12/15/2030	0.1%
Tencent Holdings Ltd	3.925%	01/19/2038	0.1%
ONE 2021-PARK Mortgage Trust	5.133%	03/15/2036	0.1%
Allison Transmission Inc	3.750%	01/30/2031	0.1%
Fluor Corp	4.250%	09/15/2028	0.1%
Builders FirstSource Inc	4.250%	02/01/2032	0.1%
South Bow Canadian Infrastructure Holdings Ltd	7.500%	03/01/2055	0.1%
Howden UK Refinance PLC / Howden UK Refinance 2 PLC / Howden US Refinance LLC	8.125%	02/15/2032	0.1%
Zelis Payments Buyer Inc	7.572%	11/26/2031	0.1%
Blue Racer Midstream LLC / Blue Racer Finance Corp	7.250%	07/15/2032	0.1%
Associated Banc-Corp	6.455%	08/29/2030	0.1%
Capstone Copper Corp	6.750%	03/31/2033	0.1%
F5 Inc	0.000%	09/09/9999	0.1%
AMC Networks Inc	10.250%	01/15/2029	0.1%
ON Semiconductor Corp	3.875%	09/01/2028	0.1%
Virgin Media Finance PLC	5.000%	07/15/2030	0.1%
Olympus Water US Holding Corp	4.250%	10/01/2028	0.1%
Owens-Brockway Glass Container Inc	7.250%	05/15/2031	0.1%
Neon Maple US Debt Mergersub Inc	7.319%	11/17/2031	0.1%
Dollar General Corp	5.000%	11/01/2032	0.1%
Continental Resources Inc/OK	5.750%	01/15/2031	0.1%
GXO Logistics Inc	6.250%	05/06/2029	0.1%
Rollins Inc	5.250%	02/24/2035	0.1%
Freedom Mortgage Corp	12.000%	10/01/2028	0.1%
CCO Holdings LLC / CCO Holdings Capital Corp	7.375%	03/01/2031	0.1%
Newell Brands Inc	6.375%	09/15/2027	0.1%
HSBC Holdings PLC	6.950%	03/11/2174	0.1%
Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp	5.250%	05/15/2027	0.1%
Olin Corp	5.000%	02/01/2030	0.1%
Barclays PLC	7.625%	06/15/2173	0.1%
Regal Rexnord Corp	6.050%	04/15/2028	0.1%
Volvo AB	0.000%	09/09/9999	0.1%
Brixmor Operating Partnership LP	4.050%	07/01/2030	0.1%
South Bow USA Infrastructure Holdings LLC	5.584%	10/01/2034	0.1%
Rocket Software Inc	8.574%	11/28/2028	0.1%
ZF North America Capital Inc	6.875%	04/14/2028	0.1%
CVS Health Corp	5.250%	02/21/2033	0.1%
Royalty Pharma PLC	5.400%	09/02/2034	0.1%
LSF12 Badger Bidco LLC	10.324%	07/10/2030	0.1%
Danske Bank A/S	7.000%	12/26/2173	0.1%
TransDigm Inc	6.000%	01/15/2033	0.1%
Cushman & Wakefield US Borrower LLC	6.750%	05/15/2028	0.1%
Viking Cruises Ltd	9.125%	07/15/2031	0.1%
TAV Havalimanlari Holding AS	8.500%	12/07/2028	0.1%
Western Midstream Operating LP	6.350%	01/15/2029	0.1%
AES Panama Generation Holdings SRL	4.375%	05/31/2030	0.1%
McGraw-Hill Education Inc	7.375%	09/01/2031	0.1%
NGPL PipeCo LLC	3.250%	07/15/2031	0.1%
Constellation Energy Generation LLC	5.600%	06/15/2042	0.1%
Transocean Inc	8.250%	05/15/2029	0.1%
Hilton Domestic Operating Co Inc	4.875%	01/15/2030	0.1%
PG&E Corp	7.375%	03/15/2055	0.1%
LifePoint Health Inc	11.000%	10/15/2030	0.1%
Churchill Downs Inc	5.500%	04/01/2027	0.1%
Newmark Group Inc	7.500%	01/12/2029	0.1%
Molina Healthcare Inc	3.875%	05/15/2032	0.1%
Sabre GLBL Inc	8.625%	06/01/2027	0.1%
GXO Logistics Inc	2.650%	07/15/2031	0.1%
Vmed O2 UK Financing I PLC	4.750%	07/15/2031	0.1%
Genesis Energy LP / Genesis Energy Finance Corp	7.875%	05/15/2032	0.1%
Cleveland-Cliffs Inc	7.000%	03/15/2032	0.1%
Siemens AG	0.000%	09/09/9999	0.1%
CDW LLC / CDW Finance Corp	5.550%	08/22/2034	0.1%
Anglo American Capital PLC	5.750%	04/05/2034	0.1%
Angolan Government International Bond	8.250%	05/09/2028	0.1%
Citizens Financial Group Inc	5.841%	01/23/2030	0.1%
Idaho Power Co	5.200%	08/15/2034	0.1%
Navient Corp	5.500%	03/15/2029	0.1%
Solventum Corp	5.450%	03/13/2031	0.1%
IDEX Corp	4.950%	09/01/2029	0.1%
Seadrill Finance Ltd	8.375%	08/01/2030	0.1%
Iron Mountain Inc	4.500%	02/15/2031	0.1%
Freeport Indonesia PT	6.200%	04/14/2052	0.1%
Old Republic International Corp	5.750%	03/28/2034	0.1%
NiSource Inc	6.375%	03/31/2055	0.1%
Panther Escrow Issuer LLC	7.125%	06/01/2031	0.1%
FactSet Research Systems Inc	3.450%	03/01/2032	0.1%
Societe Generale SA	6.066%	01/19/2035	0.1%
INEOS Finance PLC	7.500%	04/15/2029	0.1%
Quanta Services Inc	5.250%	08/09/2034	0.1%
Dick's Sporting Goods Inc	4.100%	01/15/2052	0.1%
Alcoa Nederland Holding BV	7.125%	03/15/2031	0.1%
Entegris Inc	4.750%	04/15/2029	0.1%
Take-Two Interactive Software Inc	5.400%	06/12/2029	0.1%
General Electric Co	0.000%	09/09/9999	0.1%
Turkiye Government International Bond	9.375%	03/14/2029	0.1%
McAfee Corp	7.319%	03/01/2029	0.1%
CONE Trust 2024-DFW1	6.610%	08/15/2041	0.1%
Brightline East LLC	11.000%	01/31/2030	0.1%
SCIH Salt Holdings Inc	4.875%	05/01/2028	0.1%
Viking Cruises Ltd	5.875%	09/15/2027	0.1%
Bank of Ireland Group PLC	2.029%	09/30/2027	0.1%
APA Corp	4.250%	01/15/2030	0.1%
Nigeria Government International Bond	7.625%	11/28/2047	0.1%
Transocean Inc	8.500%	05/15/2031	0.1%
Kodiak Gas Services LLC	7.250%	02/15/2029	0.1%
1011778 BC ULC / New Red Finance Inc	6.125%	06/15/2029	0.1%
Patrick Industries Inc	6.375%	11/01/2032	0.1%
Tenet Healthcare Corp	6.750%	05/15/2031	0.1%
Champions Financing Inc	9.053%	02/23/2029	0.1%
SEB Funding LLC	4.969%	01/30/2052	0.1%
Synopsys Inc	5.000%	04/01/2032	0.1%
Windsor Holdings III LLC	8.500%	06/15/2030	0.1%
Qorvo Inc	4.375%	10/15/2029	0.1%
First Quantum Minerals Ltd	9.375%	03/01/2029	0.1%
Staples Inc	12.750%	01/15/2030	0.1%
United Airlines 2020-1 Class A Pass Through Trust	5.875%	10/15/2027	0.1%
Moncler SpA	0.000%	09/09/9999	0.1%
Occidental Petroleum Corp	7.500%	05/01/2031	0.1%
Swiss RE Subordinated Finance PLC	5.698%	04/05/2035	0.1%
Tank Holding Corp	10.425%	03/31/2028	0.1%
NGPL PipeCo LLC	4.875%	08/15/2027	0.1%
Southwest Gas Corp	4.050%	03/15/2032	0.1%
EQM Midstream Partners LP	6.375%	04/01/2029	0.1%
Husky Injection Molding Systems Ltd / Titan Co-Borrower LLC	9.000%	02/15/2029	0.1%
LPL Holdings Inc	4.000%	03/15/2029	0.1%
BP Capital Markets PLC	6.450%	09/01/2173	0.1%
Transocean Inc	8.750%	02/15/2030	0.1%
Civitas Resources Inc	8.625%	11/01/2030	0.1%
Occidental Petroleum Corp	8.875%	07/15/2030	0.1%
MasTec Inc	5.900%	06/15/2029	0.1%
Marubeni Corp	5.383%	04/01/2035	0.1%
Home BancShares Inc/AR	3.125%	01/30/2032	0.1%
AI Candelaria -spain- SA	5.750%	06/15/2033	0.1%
Westinghouse Air Brake Technologies Corp	5.611%	03/11/2034	0.1%
Zambia Government International Bond	5.750%	06/30/2033	0.1%
Verona Pharma PLC	0.000%	09/09/9999	0.1%
Benin Government International Bond	7.960%	02/13/2038	0.1%
CHS/Community Health Systems Inc	6.875%	04/15/2029	0.1%
Qorvo Inc	3.375%	04/01/2031	0.1%
Tencent Holdings Ltd	0.000%	09/09/9999	0.1%
Azul Secured Finance LLP	11.500%	08/28/2029	0.1%
BPR Trust 2022-OANA	6.217%	04/15/2037	0.1%
Clarios Global LP / Clarios US Finance Co	6.750%	05/15/2028	0.1%
Freddie Mac STACR REMIC Trust 2023-HQA3	7.690%	11/25/2043	0.1%
Rolls-Royce Holdings PLC	0.000%	09/09/9999	0.1%
Fibercop SpA	6.000%	09/30/2034	0.1%
Expand Energy Corp	6.750%	04/15/2029	0.1%
Regency Centers LP	5.250%	01/15/2034	0.1%
Herens US Holdco Corp	8.223%	07/03/2028	0.1%
Dallas Convention Center Hotel Development Corp	7.088%	01/01/2042	0.1%
Level 3 Financing Inc	3.625%	01/15/2029	0.1%
ORLEN SA	6.000%	01/30/2035	0.1%
Transatlantic Holdings Inc	8.000%	11/30/2039	0.1%
30-YR UMBS-TBA PROD MAY	3.500%	10/01/2052	0.1%
SailPoint Inc	0.000%	09/09/9999	0.1%
Solventum Corp	5.600%	03/23/2034	0.1%
Republic of Kenya Government International Bond	9.500%	03/05/2036	0.1%
SMRT 2022-MINI	5.320%	01/15/2039	0.1%
Heidelberg Materials AG	0.000%	09/09/9999	0.1%
Ashtead Capital Inc	5.500%	08/11/2032	0.1%
Wingstop Funding LLC	5.858%	12/05/2054	0.1%
XPO Inc	7.125%	02/01/2032	0.1%
Nabors Industries Inc	8.875%	08/15/2031	0.1%
Freddie Mac STACR REMIC Trust 2022-HQA3	9.690%	08/25/2042	0.1%
Ardonagh Finco Ltd	7.750%	02/15/2031	0.1%
Synovus Financial Corp	6.168%	11/01/2030	0.1%
Foundry JV Holdco LLC	6.250%	01/25/2035	0.1%
Standard Chartered PLC	6.097%	01/11/2035	0.1%
LABL Inc	8.625%	10/01/2031	0.1%
GLP Capital LP / GLP Financing II Inc	4.000%	01/15/2031	0.1%
LifePoint Health Inc	9.875%	08/15/2030	0.1%
Clarios Global LP	7.075%	01/28/2032	0.1%
Sociedad Quimica y Minera de Chile SA	0.000%	09/09/9999	0.1%
Hudson River Trading LLC	7.324%	03/18/2030	0.1%
AI Candelaria -spain- SA	7.500%	12/15/2028	0.1%
ANZ Bank New Zealand Ltd	5.898%	07/10/2034	0.1%
Bancolombia SA	8.625%	12/24/2034	0.1%
NMI Holdings Inc	6.000%	08/15/2029	0.1%
ILFC E-Capital Trust I	6.117%	12/21/2065	0.1%
Warrior Met Coal Inc	7.875%	12/01/2028	0.1%
Sotheby's	7.375%	10/15/2027	0.1%
Jersey Mike's Funding LLC	5.636%	02/15/2055	0.1%
BX Trust 2022-PSB	6.770%	08/15/2039	0.1%
Watco Cos LLC / Watco Finance Corp	7.125%	08/01/2032	0.1%
Evergy Inc	6.650%	06/01/2055	0.1%
Flex Ltd	5.250%	01/15/2032	0.1%
GLP Capital LP / GLP Financing II Inc	5.750%	06/01/2028	0.1%
Montenegro Government International Bond	7.250%	03/12/2031	0.1%
Fifth Third Bancorp	4.895%	09/06/2030	0.1%
Zebra Technologies Corp	6.500%	06/01/2032	0.1%
Hess Midstream Operations LP	5.125%	06/15/2028	0.1%
BX Commercial Mortgage Trust 2019-IMC	5.365%	04/15/2034	0.1%
Colonial Enterprises Inc	3.250%	05/15/2030	0.1%
Regions Financial Corp	5.502%	09/06/2035	0.1%
Jane Street Group / JSG Finance Inc	4.500%	11/15/2029	0.1%
HUB International Ltd	7.375%	01/31/2032	0.1%
Perrigo Finance Unlimited Co	6.125%	09/30/2032	0.1%
30-YR UMBS-TBA PROD APR	6.000%	06/01/2054	0.1%
nVent Finance Sarl	2.750%	11/15/2031	0.1%
Vertiv Group Corp	4.125%	11/15/2028	0.1%
Imola Merger Corp	4.750%	05/15/2029	0.1%
Glencore Funding LLC	2.500%	09/01/2030	0.1%
Star Parent Inc	8.053%	09/30/2030	0.1%
Cleveland Electric Illuminating Co/The	3.500%	04/01/2028	0.1%
USA Compression Partners LP / USA Compression Finance Corp	7.125%	03/15/2029	0.1%
First Horizon Corp	5.514%	03/07/2031	0.1%
Steel Dynamics Inc	3.450%	04/15/2030	0.1%
US Foods Inc	4.750%	02/15/2029	0.1%
Bacardi Ltd	4.700%	05/15/2028	0.1%
Memphis-Shelby County Industrial Development Board	7.000%	07/01/2045	0.1%
Sabal Trail Transmission LLC	4.246%	05/01/2028	0.1%
Flutter Treasury DAC	6.375%	04/29/2029	0.1%
Glencore Funding LLC	5.673%	04/01/2035	0.1%
Jacobs Engineering Group Inc	6.350%	08/18/2028	0.1%
Long Ridge Energy LLC	8.750%	02/15/2032	0.1%
Standard Industries Inc/NY	4.375%	07/15/2030	0.1%
American Airlines Inc	7.250%	02/15/2028	0.1%
Mercer International Inc	5.125%	02/01/2029	0.1%
ACProducts Holdings Inc	6.375%	05/15/2029	0.1%
BX Commercial Mortgage Trust 2024-SLCT	6.112%	01/15/2042	0.1%
Hess Corp	0.000%	09/09/9999	0.1%
Griffon Corp	5.750%	03/01/2028	0.1%
Chobani LLC / Chobani Finance Corp Inc	4.625%	11/15/2028	0.1%
CP Atlas Buyer Inc	8.174%	11/23/2027	0.1%
Occidental Petroleum Corp	6.125%	01/01/2031	0.1%
Viper Energy Inc	7.375%	11/01/2031	0.1%
BX Commercial Mortgage Trust 2020-VIV4	2.843%	03/09/2044	0.1%
BX Trust 2024-VLT4	5.811%	07/15/2029	0.1%
BBCMS 2020-BID Mortgage Trust	6.574%	10/15/2037	0.1%
Comstock Resources Inc	6.750%	03/01/2029	0.1%
PulteGroup Inc	6.375%	05/15/2033	0.1%
Pike Corp	8.625%	01/31/2031	0.1%
Connecticut Avenue Securities Trust 2019-R05	8.554%	07/25/2039	0.1%
30-YR GNMA II-TBA PROD APR	3.000%	12/01/2051	0.1%
Affirm Asset Securitization Trust 2024-A	5.610%	02/15/2029	0.1%
Permian Resources Operating LLC	6.250%	02/01/2033	0.1%
Tenneco Inc	8.000%	11/17/2028	0.1%
JetBlue 2019-1 Class B Pass Through Trust	8.000%	11/15/2027	0.1%
UBS Group AG	9.250%	05/13/2173	0.1%
Alimentation Couche-Tard Inc	5.267%	02/12/2034	0.1%
Freddie Mac STACR REMIC Trust 2023-HQA1	9.840%	05/25/2043	0.1%
Brink's Co/The	4.625%	10/15/2027	0.1%
JW Trust 2024-BERY	5.912%	11/15/2039	0.1%
Roper Technologies Inc	1.750%	02/15/2031	0.1%
Regency Centers LP	5.100%	01/15/2035	0.1%
TCO Commercial Mortgage Trust 2024-DPM	5.912%	12/15/2039	0.1%
Life 2022-BMR Mortgage Trust	5.614%	05/15/2039	0.1%
Bacardi Ltd / Bacardi-Martini BV	5.250%	01/15/2029	0.1%
Axon Enterprise Inc	6.125%	03/15/2030	0.1%
IQVIA Inc	6.250%	02/01/2029	0.1%
Garda World Security Corp	7.750%	02/15/2028	0.1%
Post Holdings Inc	4.500%	09/15/2031	0.1%
McCormick & Co Inc/MD	4.950%	04/15/2033	0.1%
SM Energy Co	6.750%	08/01/2029	0.1%
Tiffany & Co	4.900%	10/01/2044	0.1%
Ascent Resources Utica Holdings LLC / ARU Finance Corp	6.625%	10/15/2032	0.1%
USA Compression Partners LP / USA Compression Finance Corp	6.875%	09/01/2027	0.1%
30-YR GNMA II-TBA PROD MAY	3.000%	12/01/2051	0.1%
Seagate HDD Cayman	8.250%	12/15/2029	0.1%
OWN Equipment Fund I LLC	5.700%	12/20/2032	0.1%
Subway Funding LLC	6.268%	07/30/2054	0.1%
Spirit AeroSystems Inc	9.375%	11/30/2029	0.1%
United Airlines Inc	4.625%	04/15/2029	0.1%
CSC Holdings LLC	6.500%	02/01/2029	0.1%
SDR Commercial Mortgage Trust 2024-DSNY	5.711%	05/15/2039	0.1%
Commercial Metals Co	4.375%	03/15/2032	0.1%
McAfee Corp	7.375%	02/15/2030	0.1%
JT International Financial Services BV	6.875%	10/24/2032	0.1%
Banco Santander SA	8.000%	11/01/2173	0.1%
Subway Funding LLC	5.566%	07/30/2054	0.1%
ROCK Trust 2024-CNTR	5.930%	11/13/2041	0.1%
Subway Funding LLC	5.914%	07/30/2054	0.1%
Allegion US Holding Co Inc	5.600%	05/29/2034	0.1%
Venture Global LNG Inc	8.125%	06/01/2028	0.1%
Driven Brands Funding LLC	6.372%	10/20/2054	0.1%
First Quantum Minerals Ltd	8.000%	03/01/2033	0.1%
ILFC E-Capital Trust II	6.367%	12/21/2065	0.1%
HEICO Corp	5.350%	08/01/2033	0.1%
Driven Brands Funding LLC	4.641%	04/20/2049	0.1%
Ma'aden Sukuk Ltd	5.500%	02/13/2035	0.1%
LCPR Senior Secured Financing DAC	6.750%	10/15/2027	0.1%
Greensaif Pipelines Bidco Sarl	5.853%	02/23/2036	0.1%
Connecticut Avenue Securities Trust 2024-R03	7.136%	03/25/2044	0.1%
GGAM Finance Ltd	8.000%	06/15/2028	0.1%
BAHA Trust 2024-MAR	5.574%	12/10/2041	0.1%
Hilton Domestic Operating Co Inc	3.625%	02/15/2032	0.1%
Columbia Pipelines Operating Co LLC	5.927%	08/15/2030	0.1%
Provincia de Cordoba	6.875%	02/01/2029	0.1%
Roper Technologies Inc	4.750%	02/15/2032	0.1%
City Football Group Ltd	7.431%	07/22/2030	0.1%
Park River Holdings Inc	5.625%	02/01/2029	0.1%
Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC	6.250%	03/15/2033	0.1%
CSC Holdings LLC	5.375%	02/01/2028	0.1%
Barracuda Networks Inc	8.943%	08/15/2029	0.1%
UBS Group AG	7.000%	08/10/2173	0.1%
Frontier Communications Holdings LLC	6.750%	05/01/2029	0.1%
BX Commercial Mortgage Trust 2024-XL5	5.711%	03/15/2041	0.1%
ACBL HLDG CORP	0.000%	09/09/9999	0.1%
Sumitomo Mitsui Financial Group Inc	6.600%	06/05/2173	0.1%
Yara International ASA	0.000%	09/09/9999	0.1%
AAdvantage Loyalty IP Ltd	6.553%	04/20/2028	0.1%
Micron Technology Inc	5.300%	01/15/2031	0.1%
Subway Funding LLC	6.505%	07/30/2054	0.1%
Sinclair Television Group Inc	8.125%	02/15/2033	0.1%
Ashtead Capital Inc	4.250%	11/01/2029	0.1%
LifePoint Health Inc	8.052%	05/19/2031	0.1%
Nordea Bank Abp	6.300%	03/25/2174	0.1%
New York City Industrial Development Agency	11.000%	03/01/2029	0.1%
ITR Concession Co LLC	5.183%	07/15/2035	0.1%
BX Trust 2021-ARIA	5.333%	10/15/2036	0.1%
Great Outdoors Group LLC	7.569%	01/23/2032	0.1%
ARZ Trust 2024-BILT	5.772%	06/11/2029	0.1%
Biocon Biologics Global PLC	6.670%	10/09/2029	0.1%
Phillips Edison Grocery Center Operating Partnership I LP	4.950%	01/15/2035	0.1%
Lumen Technologies Inc	4.125%	04/15/2030	0.1%
Sonoco Products Co	4.600%	09/01/2029	0.1%
TEXAS Commercial Mortgage Trust 2025-TWR	6.452%	04/15/2042	0.1%
Nissan Motor Co Ltd	4.345%	09/17/2027	0.1%
Bolivian Government International Bond	4.500%	03/20/2028	0.1%
BX Commercial Mortgage Trust 2021-MC	5.133%	04/15/2034	0.1%
Alpha Generation LLC	6.750%	10/15/2032	0.1%
Hudson Yards 2025-SPRL Mortgage Trust	6.340%	01/13/2040	0.1%
Concentra Escrow Issuer Corp	6.875%	07/15/2032	0.1%
Wingstop Funding LLC	3.734%	03/05/2052	0.1%
Brown & Brown Inc	0.000%	09/09/9999	0.1%
Level 3 Financing Inc	4.250%	07/01/2028	0.1%
BX Commercial Mortgage Trust 2024-GPA3	5.962%	12/15/2039	0.1%
British Airways 2019-1 Class AA Pass Through Trust	3.300%	12/15/2032	0.1%
Owens & Minor Inc	6.625%	04/01/2030	0.1%
Universal Health Services Inc	5.050%	10/15/2034	0.1%
CNH Industrial NV	0.000%	09/09/9999	0.1%
Venezuela Government International Bond	11.750%	10/21/2026	0.1%
Pan American Silver Corp	0.000%	09/09/9999	0.0%
Longfor Group Holdings Ltd	3.850%	01/13/2032	0.0%
Macquarie Bank Ltd/London	6.125%	09/08/2173	0.0%
RTX Corp	0.000%	09/09/9999	0.0%
Axon Enterprise Inc	6.250%	03/15/2033	0.0%
Bank OZK	0.000%	09/09/9999	0.0%
Longfor Group Holdings Ltd	3.950%	09/16/2029	0.0%
Venezuela Government International Bond	9.000%	05/07/2023	0.0%
LD Celulose International GmbH	7.950%	01/26/2032	0.0%
American Airlines 2016-3 Class AA Pass Through Trust	3.000%	10/15/2028	0.0%
Staples Inc	10.750%	09/01/2029	0.0%
Synchrony Financial	5.935%	08/02/2030	0.0%
First American Financial Corp	5.450%	09/30/2034	0.0%
Leggett & Platt Inc	4.400%	03/15/2029	0.0%
Petroleos de Venezuela SA	6.000%	05/16/2024	0.0%
Park River Holdings Inc	6.750%	08/01/2029	0.0%
Brandywine Operating Partnership LP	8.875%	04/12/2029	0.0%
Coinbase Global Inc	3.625%	10/01/2031	0.0%
Level 3 Financing Inc	4.500%	04/01/2030	0.0%
Flagship Credit Auto Trust 2023-1	5.430%	05/15/2029	0.0%
Ashtead Capital Inc	5.800%	04/15/2034	0.0%
JetBlue 2019-1 Class A Pass Through Trust	2.950%	05/15/2028	0.0%
US 5YR NOTE (CBT) Jun25	0.000%	06/30/2025	0.0%
Lumen Technologies Inc	4.125%	04/15/2029	0.0%
NetApp Inc	2.700%	06/22/2030	0.0%
BAE Systems PLC	5.250%	03/26/2031	0.0%
Freedom Mortgage Corp	12.250%	10/01/2030	0.0%
J.P. Morgan Chase Commercial Mortgage Securities Trust 2021-BOLT	11.134%	08/15/2033	0.0%
Stream Innovations 2024-1 Issuer Trust	6.270%	07/15/2044	0.0%
TCO Commercial Mortgage Trust 2024-DPM	6.311%	12/15/2039	0.0%
Flagship Credit Auto Trust 2023-1	5.050%	01/18/2028	0.0%
British Airways 2020-1 Class A Pass Through Trust	4.250%	11/15/2032	0.0%
Provincia de Cordoba	6.990%	06/01/2027	0.0%
Lebanon Government International Bond	6.100%	10/04/2022	0.0%
Driven Brands Funding LLC	3.237%	01/20/2051	0.0%
HCA Inc	7.690%	06/15/2025	0.0%
Nissan Motor Acceptance Co LLC	7.050%	09/15/2028	0.0%
PennyMac Financial Services Inc	5.750%	09/15/2031	0.0%
PetSmart Inc / PetSmart Finance Corp	4.750%	02/15/2028	0.0%
ACProducts Holdings Inc	8.553%	05/17/2028	0.0%
Phillips Edison Grocery Center Operating Partnership I LP	5.750%	07/15/2034	0.0%
CIM Trust 2018-INV1	4.701%	08/25/2048	0.0%
Helmerich & Payne Inc	2.900%	09/29/2031	0.0%
GIBSON BRANDS PRIVATE EQUITY	0.000%	09/09/9999	0.0%
Vital Energy Inc	9.750%	10/15/2030	0.0%
CSC Holdings LLC	4.125%	12/01/2030	0.0%
Hardee's Funding LLC	7.253%	03/20/2054	0.0%
APA Corp	4.750%	04/15/2043	0.0%
ESC 144A HERTZ CORP	0.000%	01/15/2028	0.0%
UC HOLDINGS INC.	0.000%	09/09/9999	0.0%
Raven Acquisition Holdings LLC	7.569%	11/20/2031	0.0%
Petroleos de Venezuela SA	5.375%	04/12/2027	0.0%
Cousins Properties LP	5.375%	02/15/2032	0.0%
Zaxbys Funding LLC	6.594%	04/30/2054	0.0%
Oscar AcquisitionCo LLC / Oscar Finance Inc	9.500%	04/15/2030	0.0%
NCL Corp Ltd	5.875%	03/15/2026	0.0%
Lumen Technologies Inc	6.784%	04/15/2030	0.0%
Nissan Motor Acceptance Co LLC	5.300%	09/13/2027	0.0%
Gray Media Inc	10.500%	07/15/2029	0.0%
UTEX INDUSTRIES	0.000%	09/09/9999	0.0%
Connecticut Avenue Securities Trust 2023-R06	7.040%	07/25/2043	0.0%
Petroleos de Venezuela SA	6.000%	11/15/2026	0.0%
US LONG BOND(CBT) Jun25	0.000%	06/18/2025	0.0%
Real Hero Merger Sub 2 Inc	6.250%	02/01/2029	0.0%
US 2YR NOTE (CBT) Jun25	0.000%	06/30/2025	0.0%
New Frontera Holdings LLC	16.300%	07/28/2026	0.0%
MITER Brands Acquisition Holdco Inc	7.324%	03/28/2031	0.0%
Carvana Auto Receivables Trust 2020-NP1	5.200%	07/15/2027	0.0%
Venezuela Government International Bond	12.750%	08/23/2022	0.0%
Lebanon Government International Bond	6.850%	03/23/2027	0.0%
GPS Hospitality Holding Co LLC / GPS Finco Inc	7.000%	08/15/2028	0.0%
Lumen Technologies Inc	7.650%	03/15/2042	0.0%
New Frontera Holdings LLC	5.800%	07/28/2028	0.0%
ACBL HLDG CORP	0.000%	09/09/9999	0.0%
FRONTERA GENERATION	0.000%	09/09/9999	0.0%
ESC GCB144A HERTZ CORP	5.500%	10/15/2024	0.0%
Lumen Technologies Inc	5.375%	06/15/2029	0.0%
Lumen Technologies Inc	7.600%	09/15/2039	0.0%
CPI Swap	2.665%	10/23/2028	0.0%
El Salvador Government International Bond	0.250%	04/17/2030	0.0%
US 10yr Ultra Fut Jun25	0.000%	06/18/2025	0.0%
US ULTRA BOND CBT Jun25	0.000%	06/18/2025	0.0%
CPI Swap	2.544%	03/02/2052	0.0%
Hanger Inc	7.819%	10/23/2031	0.0%
FX EUR/USD 05/25	0.000%	05/23/2025	0.0%
FX EUR/USD 05/25	0.000%	05/23/2025	0.0%
FGI Operating Co LLC	12.000%	12/31/2025	0.0%
First Republic Bank/CA	4.375%	08/01/2046	0.0%
First Republic Bank/CA	4.625%	02/13/2047	0.0%
FX EUR/USD 05/25	0.000%	05/23/2025	0.0%
FX USD/GBP 06/25	0.000%	06/27/2025	0.0%
SVB Financial Trust	0.000%	11/07/2029	0.0%
FX USD/EUR 05/25	0.000%	05/23/2025	0.0%
FX EUR/USD 05/25	0.000%	05/23/2025	0.0%
CPI Swap	2.544%	03/02/2052	0.0%
FX EUR/USD 05/25	0.000%	05/23/2025	0.0%
FX USD/GBP 06/25	0.000%	06/27/2025	0.0%
FX SEK/USD 05/25	0.000%	05/28/2025	0.0%
FX GBP/USD 06/25	0.000%	06/27/2025	0.0%
FX USD/CHF 06/25	0.000%	06/06/2025	0.0%
FX USD/EUR 05/25	0.000%	05/23/2025	0.0%
FX USD/SEK 05/25	0.000%	05/28/2025	0.0%
FX USD/SEK 05/25	0.000%	05/28/2025	0.0%
FX USD/SEK 05/25	0.000%	05/28/2025	0.0%
FX USD/SEK 05/25	0.000%	05/28/2025	0.0%
Washington Mutual Bank / Debt not acquired by JPMorgan	6.875%	06/15/2011	0.0%
Grant Thornton Advisors Holdings LLC	7.048%	05/30/2031	0.0%
Hellas Telecommunications Luxembourg II SCA	6.054%	01/15/2015	0.0%
Raven Acquisition Holdings LLC	7.573%	11/20/2031	0.0%
FX USD/EUR 05/25	0.000%	05/23/2025	0.0%
FX SEK/USD 05/25	0.000%	05/28/2025	0.0%
FX GBP/USD 06/25	0.000%	06/27/2025	0.0%
FX USD/CHF 06/25	0.000%	06/06/2025	0.0%
FX USD/NOK 06/25	0.000%	06/26/2025	0.0%
FX USD/NOK 06/25	0.000%	06/26/2025	0.0%
FX USD/GBP 06/25	0.000%	06/27/2025	0.0%
FX EUR/USD 05/25	0.000%	05/23/2025	0.0%
FX EUR/USD 05/25	0.000%	05/23/2025	0.0%
MIRABELA NICKEL LTD.	1.000%	09/16/2044	0.0%
CLAIRES HOLDINGS	0.000%	09/09/9999	0.0%
OGX Austria GmbH	8.500%	06/01/2018	0.0%
Alfa Bank AO Via Alfa Bond Issuance PLC	5.500%	10/26/2031	0.0%
FX CHF/USD 06/25	0.000%	06/06/2025	0.0%
FX EUR/USD 05/25	0.000%	05/23/2025	0.0%
FX USD/NOK 06/25	0.000%	06/26/2025	0.0%
FX USD/NOK 06/25	0.000%	06/26/2025	0.0%
FX USD/SEK 05/25	0.000%	05/28/2025	0.0%
FX USD/SEK 05/25	0.000%	05/28/2025	0.0%
FX USD/SEK 05/25	0.000%	05/28/2025	0.0%
FX CHF/USD 06/25	0.000%	06/06/2025	0.0%
FX CHF/USD 06/25	0.000%	06/06/2025	0.0%
FX USD/SEK 05/25	0.000%	05/28/2025	0.0%
FX USD/SEK 05/25	0.000%	05/28/2025	0.0%
FX USD/EUR 05/25	0.000%	05/23/2025	0.0%
FX USD/EUR 05/25	0.000%	05/23/2025	0.0%
FX USD/EUR 05/25	0.000%	05/23/2025	0.0%
FX USD/EUR 05/25	0.000%	05/23/2025	0.0%
FX USD/SEK 05/25	0.000%	05/28/2025	0.0%
FX USD/SEK 05/25	0.000%	05/28/2025	0.0%
FX USD/CHF 06/25	0.000%	06/06/2025	0.0%
ASP Unifrax Holdings Inc	0.025%	09/28/2029	0.0%
CPI Swap	2.665%	05/12/2052	0.0%
FX USD/EUR 05/25	0.000%	05/23/2025	0.0%
CPI Swap	2.748%	04/20/2052	0.0%

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

Dividends & Cap Gains

Dividend Payments

For

YTD Dividends Paidas of 05/01/2025: $0.14758
Dividend Frequency: Monthly (Daily Accrual)

Record Date	Ex-Dividend Date	Reinvest & Payable Date	Dividend	Reinvest Price
Daily	Daily	04/30/2025	$0.03670	$7.00
Daily	Daily	03/31/2025	$0.03705	$7.07
Daily	Daily	02/28/2025	$0.03727	$7.19
Daily	Daily	01/31/2025	$0.03656	$7.18

Upcoming Dividend Payment Dates

Record Date	Ex-Dividend Date	Reinvest & Payable Date
Daily	Daily	05/31/2025
Daily	Daily	06/30/2025
Daily	Daily	07/31/2025
Daily	Daily	08/31/2025
Daily	Daily	09/30/2025
Daily	Daily	10/31/2025
Daily	Daily	11/30/2025
Daily	Daily	12/31/2025

Capital Gains Distributions

For

Record Date	Reinvest & Payable Date	Long-term	Short-term *	Total	Reinvest Price
07/27/2022	07/28/2022	-	$0.0131	$0.0131	$7.27

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

Expense Ratioas of 03/31/2025

Fund Gross Expense Ratio	0.80%
Fund Net Expense Ratio	0.80%
Adjusted Expense Ratio	0.69%

Adjusted Expense Ratio – Excludes certain investment expenses, such as the interest expense from borrowing in certain underlying funds.

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
Annual Tailored Shareholder Report 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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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.

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

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

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.

Average Yield to Maturity is the total rate of return earned when a bond makes all interest payments and repays the original principal.

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 your investment will change as interest rates fluctuate and in response to market movements. When interest rates fall, the prices of debt securities tend to rise, and when interest rates rise, the prices of debt securities are likely to decline. Longer-term debt securities are usually more sensitive to interest-rate changes; the longer the maturity of a security, the greater the effect a change in interest rates is likely to have on its price. The Fund may make substantial investments in high-yield debt securities and may invest in senior loans which may be primarily below-investment-grade. High-yield securities, sometimes called junk bonds, carry increased risks of price volatility, illiquidity, and the possibility of default in timely payment of interest and expenses. The value of investments in equity securities will fluctuate in response to general economic conditions and to changes in the prospects of particular companies and/or sectors in the economy. Convertible securities are subject to the risks affecting both equity and fixed-income securities, including market, credit, liquidity, and interest rate risk. These factors can affect Fund performance.

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

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

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

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

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

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

The 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 Overall Morningstar RatingTM is derived from a weighted average of the performance figures associated with a fund's three-, five-, and 10-year (as applicable) Morningstar RatingTM metrics. © Morningstar, Inc. All rights reserved. The information contained herein (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Morningstar proprietary ratings reflect historical risk-adjusted performance. For each fund with at least a three-year history, Morningstar calculates a Morningstar RatingTM based on a Morningstar risk-adjusted return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. Load-waived ratings do not include any front-end sales charges (which are only available for certain defined contribution plans and certain mutual fund advisory programs) and should only be considered by investors who are not subject to sales loads. Not all funds with a load-waived rating may waive their front-end load. An investor should check with their advisor to determine if they are eligible to purchase the load-waived Class A share. The top 10% of the funds in an investment category receive 5 stars, 22.5% receive 4 stars, 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages). The Overall Morningstar rating is a weighted average of funds' three-, five-, and 10-year (as applicable) ratings. Past performance is no guarantee of future results. Morningstar Rating is for the Class A share only; other classes may have different performance characteristics.

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.

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.

About Barron's Best Fund Families
Source: Barron's, "Best Fund Families of 2024." February 27, 2025. Used with permission. ©2025 Dow Jones & Company, Inc.

The 2024 Barron’s Best Fund Families List ranks the active management ability of qualifying companies. Rankings are based on the asset-weighted one-year returns as of 12/31/24, excluding 12b-1 fees and sales loads, of a company’s actively managed fund line up in five asset class categories: US Equity, World Equity, Mixed Asset, Taxable Bond, and Tax-Exempt Bond as determined by Barron’s. Overall ranking based on aggregate, weighted score across the five asset categories. Performance data from Refinitiv Lipper.

Past performance does not guarantee future results. Lord Abbett ranked overall #1 of 48, #6 of 46, and #23 of 46 for the 1- ,5-, and 10-year periods respectively. Lord Abbett ranked #1 of 48 in US Equity, #2 of 48 in Mixed Asset, #2 of 48 in Taxable Bond, and #5 of 48 in Tax-Exempt Bond.

How We Ranked the Fund Families
In ranking mutual and exchange-traded funds, our aim is to measure manager skill, independent of expenses beyond annual management fees. That is why we calculate returns before any 12b-1 fees are deducted. Similarly, fund loads, or sales charges, aren’t included in our calculation of returns.

Each fund’s performance is measured against all of the other funds in its LSEG Lipper category, with a percentile ranking of 100 being the highest and one the lowest. This result is then weighted by asset size relative to the fund family’s other assets in its general classification. If a family’s biggest funds do well, that boosts its overall ranking, and vice versa.

To be included in the ranking, a firm must have at least three funds in the general equity category, one in world equity, one in mixed equity such as a balanced or target-date fund, two taxable bond funds, and one national tax-exempt bond fund.

Single-sector and country equity funds are factored into the rankings as general equity. We exclude all index funds, but include actively managed ETFs and so-called smart-beta ETFs, which are passively managed but created from active strategies.

Finally, the score is multiplied by the weighting of its general classification, as determined by the Lipper universe of funds. The category weightings for 2024 were general equity, 39.1%; mixed asset, 21.6%; world equity, 15.3%; taxable bond,20.1%; and tax-exempt bond, 3.9%.

The category weightings for the five-year results were general equity, 39%; mixed asset, 21.7%; world equity, 15.3%; taxable bond, 19.9%; and tax-exempt bond, 4%.For the 10-year list, they were general equity, 40%; mixed asset, 22.1%; world equity, 14.8%; taxable bond, 19.2%; and tax[1]exempt bond, 3.9%. The weightings may not total 100 due to rounding.

How the scoring works: Say a fund in the general U.S. equity category has $500million in assets, accounting for half of the firm’s assets in that category, and its performance lands it in the 75th percentile for the category. The first calculation would be 75 times 0.5, which comes to 37.5. That score is then multiplied by 39.1%, general equity’s overall weighting in Lipper’s universe. So, it would be 37.5 times0.391, which equals 14.66. Similar calculations are done for each fund in our study; then the numbers are added for each category and overall. The shop with the highest total score wins. The same process is repeated to determine the five- and 10-year rankings.

Tracked Funds

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Summary

Summary

What is the Bond Debenture Fund?

The Fund seeks to deliver high current income and long-term growth of capital by investing primarily in a variety of fixed income securities and select equity-related securities.

A PIONEER IN MULTI-SECTOR

A FLEXIBLE APPROACH

TIME-TESTED RESULTS

Yield

Average Yield to Maturity as of 03/31/2025

Distribution Yield as of 05/01/2025

30-Day Standardized Yield 1 as of 03/31/2025

Fund Basicsas of 03/31/2025

Fund Expense Ratio :

Gross 0.80%

Net 0.80%

Fund Expense Ratio :

Gross 0.80%

Net 0.80%

Fund Expense Ratio :

Gross 0.80%

Net 0.80%

Fund Expense Ratio :

Gross 0.80%

Net 0.80%

Credit Quality Distribution as of 03/31/2025 View Portfolio

INVESTMENT TEAM

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Performance

Performance

Average Yield to Maturity as of 03/31/2025

Distribution Yield as of 05/01/2025

30-Day Standardized Yield 1 as of 03/31/2025

Fund Expense Ratio :

Gross 0.80%

Net 0.80%

Fund Expense Ratio :

Gross 0.80%

Net 0.80%

Fund Expense Ratio :

Gross 0.80%

Net 0.80%

Fund Expense Ratio :

Gross 0.80%

Net 0.80%

NAV Historical Prices

Portfolio

Portfolio

Credit Quality Distribution as of 03/31/2025

Portfolio Positioning as of 12/31/2024

Portfolio Details as of 03/31/2025

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

Upcoming Dividend Payment Dates

Capital Gains Distributions

Fees & Expenses

Fees & Expenses

Expense Ratioas of 03/31/2025

Fund Documents

Fund Documents

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30-Day Standardized Yield ¹ as of 03/31/2025

30-Day Standardized Yield ¹ as of 03/31/2025