LAPLX | Core Plus Bond Fund Class A | Lord Abbett

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Core Plus Bond Fund

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Daily price w/o sales charge as of 01/14/2025

$12.58

$0.00

YTD Returns w/o sales charge as of 01/14/2025

-0.91%

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 Core Plus Bond Fund?

The Fund seeks to deliver current income and the opportunity for capital appreciation by investing in a wide range of fixed income securities, including U.S. investment grade and high yield corporate bonds, mortgage-backed, asset-backed, and government-related securities, with select allocations to non-U.S. (including emerging market) debt securities.

Yield

Average Yield to Maturity as of 12/31/2024

5.66%

30-Day Standardized Yield 1 as of 12/31/2024  

4.95%

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 12/31/2024

Total Net Assets
$3.43 B
Inception Date
12/08/2015
Dividend Frequency
Monthly
Fund Gross Expense Ratio
0.65%
Fund Net Expense Ratio
0.65%
Number of Holdings
698
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 12/08/2015
w/o sales charge 3.36% 3.36% -1.64% 0.52% - 2.29%
Lipper Category Avg. Core Plus Bond Funds 2.10% 2.10% -2.21% 0.19% - -
Bloomberg U.S. Aggregate Bond Index 1.25% 1.25% -2.41% -0.33% - 1.40%
w/ sales charge 1.02% 1.02% -2.37% 0.07% - 2.03%

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 12/08/2015
w/o sales charge 3.36% 3.36% -1.64% 0.52% - 2.29%
Lipper Category Avg. Core Plus Bond Funds 2.10% 2.10% -2.21% 0.19% - -
Bloomberg U.S. Aggregate Bond Index 1.25% 1.25% -2.41% -0.33% - 1.40%
w/ sales charge 1.02% 1.02% -2.37% 0.07% - 2.03%

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
High Yield Corporate
ABS
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 12/31/2024 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 12/31/2024

5.66%

30-Day Standardized Yield 1 as of 12/31/2024  

  Subsidized2 Un-Subsidized3
w/o sales charge 4.95% 4.95%

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 12/08/2015
w/o sales charge 3.36% 3.36% -1.64% 0.52% - 2.29%
Lipper Category Avg. Core Plus Bond Funds 2.10% 2.10% -2.21% 0.19% - -
Bloomberg U.S. Aggregate Bond Index 1.25% 1.25% -2.41% -0.33% - 1.40%
w/ sales charge 1.02% 1.02% -2.37% 0.07% - 2.03%

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 12/08/2015
w/o sales charge 3.36% 3.36% -1.64% 0.52% - 2.29%
Lipper Category Avg. Core Plus Bond Funds 2.10% 2.10% -2.21% 0.19% - -
Bloomberg U.S. Aggregate Bond Index 1.25% 1.25% -2.41% -0.33% - 1.40%
w/ sales charge 1.02% 1.02% -2.37% 0.07% - 2.03%

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
2024 3.36% 1.25%
2023 7.03% 5.53%
2022 -13.97% -13.01%
2021 0.59% -1.54%
2020 7.21% 7.51%
2019 9.86% 8.72%
2018 -0.93% 0.01%
2017 4.64% 3.54%
2016 5.63% 2.65%
2015 -0.59% 0.55%
Year Q1 Q2 Q3 Q4
2025 - - - -
2024 0.17% 0.41% 5.38% -2.48%
2023 3.14% -0.54% -2.41% 6.91%
2022 -6.01% -6.21% -4.13% 1.79%
2021 -2.10% 2.52% 0.09% 0.12%
2020 -3.43% 5.51% 2.65% 2.51%
2019 3.96% 3.24% 1.85% 0.50%
2018 -1.26% -0.31% 0.84% -0.18%
2017 1.48% 1.48% 1.13% 0.48%
2016 2.43% 2.80% 2.20% -1.84%
2015 - - - -

Portfolio

Portfolio

Rating Assets
Investment Grade Corporate
MBS
U.S. Government Related
High Yield Corporate
ABS
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 12/31/2024

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 Positioningas 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 12/31/2024

Total Net Assets
$3.43 B
Average Effective Duration
5.86 Years
Average Life
8.57 Years
Average Maturity
8.57 Years
Average Modified Duration
6.37 Years
Number of Issues
698
Average Yield to Maturity
5.66%

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 Maturity - The length of time until the average security in a portfolio will mature or be redeemed by its issuer in proportion to its dollar value. Indicating a portfolio’s sensitivity to general market interest rate changes, a longer average maturity implies greater relative portfolio volatility.

Modified Duration - The change in the value of a fixed income security that will result from a 1% change in interest rates. Duration is expressed as a number of years, and generally, the larger a portfolio’s duration, the greater the interest-rate risk or reward for underlying bond prices. Where applicable, securities, such as common or preferred stock, convertible bonds and convertible preferred stock, ETFs and ADRs and futures, are excluded from these calculations.

Holding Coupon Maturity Assets
United States Treasury Note/Bond 4.125% 08/15/2044 5.2%
United States Treasury Note/Bond 4.250% 11/30/2026 4.3%
United States Treasury Note/Bond 3.500% 09/30/2029 3.6%
United States Treasury Note/Bond 4.250% 08/15/2054 3.6%
United States Treasury Note/Bond 2.375% 02/15/2042 2.8%
30-YR UMBS-TBA PROD FEB 5.500% 04/01/2054 2.6%
15-YR UMBS-TBA PROD FEB 5.500% 02/01/2039 2.1%
30-YR GNMA II-TBA PROD FEB 6.000% 06/01/2054 1.5%
15-YR UMBS-TBA PROD FEB 5.000% 09/01/2039 1.4%
30-YR GNMA II-TBA PROD FEB 5.500% 09/01/2054 1.3%
% of Total Assets 28.4%
Holding Coupon Maturity Assets
United States Treasury Note/Bond4.625% 05/15/20445.5%
United States Treasury Note/Bond4.875% 11/30/20254.3%
United States Treasury Note/Bond3.500% 09/30/20293.6%
30-YR UMBS-TBA PROD JAN5.500% 04/01/20543.0%
15-YR UMBS-TBA PROD JAN5.500% 02/01/20392.5%
United States Treasury Note/Bond4.625% 05/15/20542.3%
15-YR UMBS-TBA PROD JAN5.000% 06/01/20391.8%
30-YR GNMA II-TBA PROD JAN6.000% 06/01/20541.6%
30-YR GNMA II-TBA PROD JAN5.500% 08/01/20541.5%
United States Treasury Note/Bond4.250% 02/15/20541.4%
United States Treasury Note/Bond4.500% 02/15/20441.2%
30-YR UMBS-TBA PROD JAN5.000% 10/01/20541.1%
J P MORGAN SECURITIES INC4.550% 12/02/20241.0%
30-YR UMBS-TBA PROD JAN2.500% 05/01/20511.0%
United States Treasury Note/Bond2.375% 02/15/20420.9%
United States Treasury Note/Bond4.250% 08/15/20540.9%
30-YR GNMA II-TBA PROD JAN3.000% 12/01/20510.8%
30-YR UMBS-TBA PROD JAN4.000% 07/01/20540.7%
15-YR UMBS-TBA PROD JAN2.000% 11/01/20360.7%
Aircastle Ltd6.500% 07/18/20280.6%
30-YR GNMA II-TBA PROD JAN6.500% 03/01/20540.6%
United States Treasury Note/Bond3.875% 02/15/20430.6%
30-YR UMBS-TBA PROD JAN6.000% 11/01/20530.6%
30-YR GNMA II-TBA PROD JAN2.000% 10/01/20510.6%
United States Treasury Note/Bond4.375% 08/15/20430.5%
Continental Resources Inc/OK5.750% 01/15/20310.5%
Uber Technologies Inc4.500% 08/15/20290.5%
Avolon TLB Borrower 1 US LLC6.281% 06/24/20300.5%
30-YR UMBS-TBA PROD JAN6.500% 07/01/20530.5%
Freddie Mac Pool3132.000% 11/01/20530.4%
Freddie Mac Pool6.000% 07/01/20390.4%
Citizens Auto Receivables Trust 2023-25.830% 02/15/20280.4%
30-YR UMBS-TBA PROD JAN3.500% 03/01/20520.4%
30-YR GNMA II-TBA PROD JAN3.500% 04/01/20530.4%
30-YR GNMA II-TBA PROD DEC5.500% 08/01/20540.4%
Freddie Mac STACR REMIC Trust 2022-DNA27.134% 02/25/20420.4%
United States Treasury Note/Bond3.875% 08/15/20340.4%
Morgan Stanley4.431% 01/23/20300.4%
30-YR GNMA II-TBA PROD JAN5.000% 10/01/20540.4%
Imperial Brands Finance PLC6.125% 07/27/20270.4%
15-YR UMBS-TBA PROD JAN6.000% 01/01/20390.4%
Silver Point CLO 7 LTD5.826% 01/15/20380.4%
Danske Bank A/S4.375% 06/12/20280.4%
LPL Holdings Inc4.000% 03/15/20290.3%
Avolon Holdings Funding Ltd4.250% 04/15/20260.3%
VICI Properties LP / VICI Note Co Inc3.750% 02/15/20270.3%
Fannie Mae Pool3.500% 04/01/20520.3%
BX Commercial Mortgage Trust 2024-XL56.001% 03/15/20410.3%
Canadian Imperial Bank of Commerce6.950% 01/28/20850.3%
Solventum Corp5.450% 03/13/20310.3%
Fannie Mae Pool2.500% 09/01/20360.3%
Bank of America Corp3.593% 07/21/20280.3%
Bayer US Finance LLC6.375% 11/21/20300.3%
Barclays PLC6.496% 09/13/20270.3%
IPALCO Enterprises Inc4.250% 05/01/20300.3%
Enbridge Inc8.500% 01/15/20840.3%
BMW Vehicle Lease Trust 2023-25.990% 09/25/20260.3%
CIFC Funding 2018-II Ltd7.701% 10/20/20370.3%
15-YR UMBS-TBA PROD JAN2.500% 11/01/20360.3%
HAT Holdings I LLC / HAT Holdings II LLC3.375% 06/15/20260.3%
Bank of America Corp3.970% 03/05/20290.3%
Atlassian Corp5.500% 05/15/20340.3%
Freddie Mac STACR REMIC Trust 2022-DNA17.234% 01/25/20420.3%
Wells Fargo & Co2.188% 04/30/20260.3%
GLS Auto Select Receivables Trust 2024-35.590% 10/15/20290.3%
HCA Inc5.600% 04/01/20340.3%
30-YR UMBS-TBA PROD JAN7.000% 07/01/20530.3%
GreatAmerica Leasing Receivables Funding LLC Series 2024-15.080% 12/16/20300.3%
Ovintiv Inc6.500% 02/01/20380.3%
Ausgrid Finance Pty Ltd4.350% 08/01/20280.3%
Imperial Brands Finance PLC5.500% 02/01/20300.3%
Stream Innovations 2024-2 Issuer Trust5.210% 02/15/20450.3%
PNC Financial Services Group Inc/The3.400% 12/15/21720.2%
Bacardi Ltd / Bacardi-Martini BV5.400% 06/15/20330.2%
Qorvo Inc4.375% 10/15/20290.2%
Wellington Management Clo 3 Ltd6.587% 07/18/20370.2%
Flutter Financing BV6.985% 11/29/20300.2%
Affirm Asset Securitization Trust 2024-B4.620% 09/15/20290.2%
Citigroup Inc6.174% 05/25/20340.2%
Exeter Automobile Receivables Trust 2023-112.070% 09/16/20300.2%
ROCK Trust 2024-CNTR5.388% 11/13/20410.2%
Benchmark 2024-V7 Mortgage Trust6.228% 05/15/20560.2%
Crown Castle Inc3.300% 07/01/20300.2%
PNC Financial Services Group Inc/The4.812% 10/21/20320.2%
Flagstar Mortgage Trust 2021-42.500% 06/01/20510.2%
Ford Credit Auto Lease Trust 2024-B5.180% 02/15/20280.2%
BX Commercial Mortgage Trust 2024-XL46.051% 02/15/20390.2%
Capital One Multi-Asset Execution Trust5.468% 05/15/20280.2%
Regal Rexnord Corp6.050% 02/15/20260.2%
Apache Corp4.250% 01/15/20300.2%
Emera Inc6.750% 06/15/20760.2%
Intel Corp4.875% 02/10/20280.2%
GXO Logistics Inc6.500% 05/06/20340.2%
UBS Group AG1.494% 08/10/20270.2%
CarMax Auto Owner Trust 2023-46.390% 05/15/20290.2%
BAT Capital Corp6.343% 08/02/20300.2%
Freddie Mac Multifamily Structured Pass Through Certificates2.920% 06/25/20320.2%
LAD Auto Receivables Trust 2024-34.600% 12/17/20290.2%
Entergy Louisiana LLC5.700% 03/15/20540.2%
Danske Bank A/S6.259% 09/22/20260.2%
Ford Credit Auto Lease Trust 2023-A5.540% 12/15/20260.2%
EQT Corp7.000% 02/01/20300.2%
HAT Holdings I LLC / HAT Holdings II LLC8.000% 06/15/20270.2%
Citizens Financial Group Inc6.645% 04/25/20350.2%
Hyundai Auto Receivables Trust 2022-C5.520% 10/16/20280.2%
UBS Group AG5.711% 01/12/20270.2%
US Bancorp4.839% 02/01/20340.2%
GLS Auto Select Receivables Trust 2023-28.220% 02/18/20310.2%
Freddie Mac Multifamily Structured Pass Through Certificates3.500% 07/25/20320.2%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust4.950% 09/10/20340.2%
Freddie Mac Pool6.000% 07/01/20390.2%
Freddie Mac STACR REMIC Trust 2023-HQA36.584% 11/25/20430.2%
GA Global Funding Trust4.400% 09/23/20270.2%
Kubota Credit Owner Trust 2024-15.190% 07/17/20280.2%
Athene Global Funding5.620% 05/08/20260.2%
Bank of America Corp2.087% 06/14/20290.2%
GS Mortgage-Backed Securities Trust 2022-PJ63.000% 01/25/20530.2%
Fannie Mae Pool2.000% 01/01/20360.2%
Exeter Automobile Receivables Trust 2023-39.980% 01/15/20310.2%
Boeing Co/The3.100% 05/01/20260.2%
Accenture Capital Inc4.250% 10/04/20310.2%
nVent Finance Sarl4.550% 04/15/20280.2%
General Motors Financial Co Inc5.600% 06/18/20310.2%
AT&T Inc4.300% 02/15/20300.2%
KeyCorp6.401% 03/06/20350.2%
Toronto-Dominion Bank/The7.250% 07/31/20840.2%
30-YR GNMA II-TBA PROD JAN2.500% 10/01/20510.2%
Citizens Financial Group Inc4.000% 10/06/21730.2%
CNO Global Funding5.875% 06/04/20270.2%
Gartner Inc4.500% 07/01/20280.2%
Aethon United BR LP / Aethon United Finance Corp7.500% 10/01/20290.2%
Encino Acquisition Partners Holdings LLC8.750% 05/01/20310.2%
Piedmont Natural Gas Co Inc5.100% 02/15/20350.2%
NRG Energy Inc4.450% 06/15/20290.2%
Evergy Missouri West Inc5.650% 06/01/20340.2%
Freddie Mac Multifamily Structured Pass Through Certificates2.580% 05/25/20320.2%
Ford Motor Credit Co LLC6.125% 03/08/20340.2%
Freedom Mortgage Corp12.250% 10/01/20300.2%
Global Atlantic Fin Co4.400% 10/15/20290.2%
World Financial Network Credit Card Master Trust5.020% 03/15/20300.2%
Boeing Co/The6.528% 05/01/20340.2%
Broadcom Inc5.150% 11/15/20310.2%
Jacobs Engineering Group Inc5.900% 03/01/20330.2%
Centene Corp2.450% 07/15/20280.2%
COMM 2015-LC21 Mortgage Trust4.043% 07/10/20480.2%
JPMorgan Chase & Co2.963% 01/25/20330.2%
Intesa Sanpaolo SpA6.625% 06/20/20330.2%
Freddie Mac Pool6.000% 08/01/20390.2%
Glencore Funding LLC5.634% 04/04/20340.2%
Celanese US Holdings LLC6.050% 03/15/20250.2%
TGNR Intermediate Holdings LLC5.500% 10/15/20290.2%
Freddie Mac Pool2.500% 06/01/20510.2%
Connecticut Avenue Securities Trust 2022-R087.284% 07/25/20420.2%
American Transmission Systems Inc2.650% 01/15/20320.2%
CCO Holdings LLC / CCO Holdings Capital Corp4.750% 03/01/20300.2%
30-YR UMBS-TBA PROD JAN2.000% 06/01/20510.2%
Broadcom Inc4.800% 10/15/20340.2%
SM Energy Co6.750% 08/01/20290.2%
Freddie Mac STACR REMIC Trust 2022-HQA19.984% 03/25/20420.2%
JPMorgan Chase & Co4.946% 10/22/20350.2%
30-YR GNMA II-TBA PROD DEC6.000% 06/01/20540.2%
Elmwood CLO XII Ltd7.666% 10/15/20370.2%
Constellation Energy Generation LLC5.800% 03/01/20330.2%
UBS Group AG6.442% 08/11/20280.2%
VICI Properties LP / VICI Note Co Inc4.625% 12/01/20290.2%
Antofagasta PLC6.250% 05/02/20340.2%
Benefit Street Partners Clo XXXVII Ltd5.816% 01/25/20380.2%
GLP Capital LP / GLP Financing II Inc5.750% 06/01/20280.2%
Peruvian Government International Bond5.375% 02/08/20350.2%
BMO 2023-C5 Mortgage Trust5.494% 06/15/20560.2%
Connecticut Avenue Securities Trust 2023-R027.034% 01/25/20430.2%
Organon & Co / Organon Foreign Debt Co-Issuer BV5.125% 04/30/20310.2%
Santander Drive Auto Receivables Trust 2024-26.280% 08/15/20310.2%
Danske Bank A/S4.298% 04/01/20280.2%
Truist Financial Corp5.711% 01/24/20350.2%
Antero Resources Corp5.375% 03/01/20300.2%
Sprint Capital Corp8.750% 03/15/20320.2%
30-YR GNMA II-TBA PROD DEC5.000% 10/01/20540.2%
Phillips Edison Grocery Center Operating Partnership I LP4.950% 01/15/20350.2%
Freddie Mac Pool6.000% 09/01/20390.2%
Comstock Resources Inc6.750% 03/01/20290.2%
JetBlue Airways Corp / JetBlue Loyalty LP9.875% 09/20/20310.2%
Jackson National Life Global Funding5.500% 01/09/20260.2%
Universal Health Services Inc5.050% 10/15/20340.2%
LPL Holdings Inc4.625% 11/15/20270.2%
30-YR GNMA II-TBA PROD DEC3.500% 04/01/20530.2%
Magnolia Oil & Gas Operating LLC / Magnolia Oil & Gas Finance Corp6.875% 12/01/20320.2%
Venture Global LNG Inc8.375% 06/01/20310.2%
Exeter Automobile Receivables Trust 2020-27.190% 09/15/20270.2%
Solventum Corp5.600% 03/23/20340.2%
Aviation Capital Group LLC6.750% 10/25/20280.2%
AIB Group PLC5.871% 03/28/20350.2%
US Bancorp5.678% 01/23/20350.2%
Eastern Energy Gas Holdings LLC5.650% 10/15/20540.2%
Lightning Power LLC7.250% 08/15/20320.2%
Freddie Mac Multifamily Structured Pass Through Certificates2.250% 01/25/20320.2%
Bayer US Finance LLC6.500% 11/21/20330.2%
KeyCorp5.000% 12/15/21720.2%
Macquarie Group Ltd4.654% 03/27/20290.2%
Flagstar Mortgage Trust 2021-72.500% 08/25/20510.2%
Morgan Stanley2.239% 07/21/20320.1%
Ford Motor Credit Co LLC5.125% 06/16/20250.1%
Columbia Pipeline Group Inc4.500% 06/01/20250.1%
AGL CLO 32 Ltd6.645% 07/21/20370.1%
Crescent Energy Finance LLC7.375% 01/15/20330.1%
Wells Fargo & Co2.393% 06/02/20280.1%
HF Sinclair Corp5.000% 02/01/20280.1%
Bayer US Finance LLC6.250% 01/21/20290.1%
Intel Corp5.150% 02/21/20340.1%
American Tower Corp2.950% 01/15/20250.1%
SBNA Auto Lease Trust 2024-A5.390% 11/20/20260.1%
MSCI Inc3.625% 11/01/20310.1%
Aircastle Ltd2.850% 01/26/20280.1%
Warnermedia Holdings Inc3.788% 03/15/20250.1%
GGAM Finance Ltd8.000% 02/15/20270.1%
Hungary Government International Bond5.500% 06/16/20340.1%
Navient Corp11.500% 03/15/20310.1%
BNP Paribas SA2.219% 06/09/20260.1%
Arbor Realty Commercial Real Estate Notes 2022-FL1 Ltd6.256% 01/15/20370.1%
Goodman US Finance Six LLC5.125% 10/07/20340.1%
Booz Allen Hamilton Inc3.875% 09/01/20280.1%
Angolan Government International Bond8.750% 04/14/20320.1%
BX Trust 2024-VLT46.101% 07/15/20290.1%
Ford Motor Credit Co LLC3.375% 11/13/20250.1%
Cotiviti Inc7.823% 04/30/20310.1%
720 East CLO 2023-I Ltd10.506% 04/15/20360.1%
Aviation Capital Group LLC6.375% 07/15/20300.1%
ACRES Commercial Realty 2021-FL2 Ltd6.125% 01/15/20370.1%
Centene Corp4.250% 12/15/20270.1%
Sprint Capital Corp6.875% 11/15/20280.1%
J.P. Morgan Mortgage Trust 2021-153.000% 06/25/20520.1%
Rakuten Group Inc9.750% 04/15/20290.1%
Ally Bank Auto Credit-Linked Notes Series 2024-A7.917% 05/17/20320.1%
Ascent Resources Utica Holdings LLC / ARU Finance Corp6.625% 10/15/20320.1%
Neuberger Berman Group LLC / Neuberger Berman Finance Corp4.500% 03/15/20270.1%
Bayer US Finance II LLC4.250% 12/15/20250.1%
Chile Electricity Lux Mpc II Sarl5.580% 10/20/20350.1%
Cheniere Energy Partners LP3.250% 01/31/20320.1%
Republic of South Africa Government International Bond7.100% 11/19/20360.1%
Gulfport Energy Operating Corp6.750% 09/01/20290.1%
Coterra Energy Inc5.600% 03/15/20340.1%
Fresenius Medical Care US Finance III Inc3.000% 12/01/20310.1%
GLS Auto Select Receivables Trust 2024-25.580% 06/17/20300.1%
Iron Mountain Information Management Services Inc5.000% 07/15/20320.1%
International Flavors & Fragrances Inc1.230% 10/01/20250.1%
Petroleos Mexicanos6.700% 02/16/20320.1%
Kennedy-Wilson Inc4.750% 03/01/20290.1%
Public Service Electric and Gas Co4.850% 08/01/20340.1%
VICI Properties LP / VICI Note Co Inc5.750% 02/01/20270.1%
Aretec Group Inc10.000% 08/15/20300.1%
Magnetite XXXIX Ltd6.776% 10/25/20330.1%
AppLovin Corp5.375% 12/01/20310.1%
GA Global Funding Trust3.850% 04/11/20250.1%
Cheniere Energy Inc5.650% 04/15/20340.1%
Boeing Co/The5.150% 05/01/20300.1%
AMMC CLO 23 Ltd6.697% 04/17/20350.1%
Entergy Corp0.900% 09/15/20250.1%
Bayview Opportunity Master Fund VI Trust 2021-INV62.500% 10/25/20510.1%
NGPL PipeCo LLC3.250% 07/15/20310.1%
JP Morgan Mortgage Trust 2021-42.500% 08/25/20510.1%
Principal Life Global Funding II5.100% 01/25/20290.1%
South Bow USA Infrastructure Holdings LLC5.026% 10/01/20290.1%
Vital Energy Inc9.750% 10/15/20300.1%
Directv Financing LLC / Directv Financing Co-Obligor Inc5.875% 08/15/20270.1%
Allied Universal Holdco LLC / Allied Universal Finance Corp6.000% 06/01/20290.1%
Connecticut Avenue Securities Trust 2023-R038.634% 04/25/20430.1%
Connecticut Avenue Securities Trust 2023-R047.025% 05/25/20430.1%
Perrigo Finance Unlimited Co6.125% 09/30/20320.1%
Multifamily Connecticut Avenue Securities Trust 2024-017.484% 07/25/20540.1%
Affirm Asset Securitization Trust 2023-A6.610% 01/18/20280.1%
Rad CLO 20 Ltd7.617% 07/20/20360.1%
Westlake Automobile Receivables Trust 2023-15.740% 08/15/20280.1%
FIEMEX Energia - Banco Actinver SA Institucion de Banca Multiple7.250% 01/31/20410.1%
Mariner Finance Issuance Trust 2024-A9.020% 09/22/20360.1%
Brighthouse Financial Global Funding5.650% 06/10/20290.1%
SEB Funding LLC4.969% 01/30/20520.1%
PFP 2023-10 Ltd6.975% 09/16/20380.1%
Santander Drive Auto Receivables Trust 2022-76.690% 03/17/20310.1%
Univision Communications Inc8.500% 07/31/20310.1%
Minejesa Capital BV4.625% 08/10/20300.1%
Meituan4.625% 10/02/20290.1%
Devon Energy Corp5.200% 09/15/20340.1%
Wells Fargo & Co3.350% 03/02/20330.1%
Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp7.000% 07/15/20310.1%
Freddie Mac STACR REMIC Trust 2022-HQA18.234% 03/25/20420.1%
Landsea Homes Corp8.875% 04/01/20290.1%
Hudson River Trading LLC7.531% 03/18/20300.1%
Wells Fargo Commercial Mortgage Trust 2024-MGP6.300% 08/15/20410.1%
Affirm Asset Securitization Trust 2023-B6.820% 09/15/20280.1%
Alfa Desarrollo SpA4.550% 09/27/20510.1%
30-YR UMBS-TBA PROD DEC5.000% 10/01/20540.1%
Palomino Funding Trust I7.233% 05/17/20280.1%
Coca-Cola Consolidated Inc5.450% 06/01/20340.1%
T-Mobile USA Inc3.875% 04/15/20300.1%
Vermilion Energy Inc6.875% 05/01/20300.1%
CITGO Petroleum Corp8.375% 01/15/20290.1%
Citigroup Inc3.887% 01/10/20280.1%
SunCoke Energy Inc4.875% 06/30/20290.1%
Oncor Electric Delivery Co LLC5.650% 11/15/20330.1%
Brandywine Operating Partnership LP8.875% 04/12/20290.1%
Vistra Operations Co LLC5.700% 12/30/20340.1%
Galaxy Pipeline Assets Bidco Ltd2.160% 03/31/20340.1%
CPS Auto Receivables Trust 2023-A6.440% 04/16/20290.1%
Cloud Software Group Inc9.000% 09/30/20290.1%
AmeriTex HoldCo Intermediate LLC10.250% 10/15/20280.1%
CIM Trust 2021-J12.500% 03/25/20510.1%
Octane Receivables Trust 2022-25.850% 07/20/20280.1%
CIFC Funding 2022-VI Ltd7.610% 10/16/20380.1%
NRG Energy Inc6.000% 02/01/20330.1%
Ally Bank Auto Credit-Linked Notes Series 2024-B6.678% 09/15/20320.1%
Champions Financing Inc8.750% 02/15/20290.1%
Connecticut Avenue Securities Trust 2024-R065.884% 09/25/20440.1%
Global Atlantic Fin Co7.950% 06/15/20330.1%
Talos Production Inc9.000% 02/01/20290.1%
Bank of Montreal7.700% 05/26/20840.1%
Avolon Holdings Funding Ltd2.125% 02/21/20260.1%
Ford Motor Credit Co LLC6.054% 11/05/20310.1%
Brown & Brown Inc5.650% 06/11/20340.1%
Duke Energy Indiana LLC5.400% 04/01/20530.1%
CenterPoint Energy Resources Corp1.750% 10/01/20300.1%
Fannie Mae Pool2.000% 02/01/20360.1%
MF1 2024-FL14 LLC6.347% 03/19/20390.1%
Morgan Stanley4.000% 07/23/20250.1%
Citadel Securities LP6.573% 10/31/20310.1%
Petroleos Mexicanos4.250% 01/15/20250.1%
Cherry Securitization Trust 2024-15.700% 04/15/20320.1%
Bain Capital Credit CLO 2023-4 Ltd9.617% 10/21/20360.1%
NRG Energy Inc6.647% 04/16/20310.1%
NatWest Group PLC3.032% 11/28/20350.1%
BMW Vehicle Lease Trust 2023-15.070% 06/25/20260.1%
Mercury Financial Credit Card Master Trust6.560% 07/20/20290.1%
Cadence Design Systems Inc4.700% 09/10/20340.1%
UBS Group AG2.746% 02/11/20330.1%
NOVA Chemicals Corp9.000% 02/15/20300.1%
Columbia Pipelines Holding Co LLC5.097% 10/01/20310.1%
VZ Secured Financing BV5.000% 01/15/20320.1%
Medco Maple Tree Pte Ltd8.960% 04/27/20290.1%
Ford Credit Auto Owner Trust 2018-REV13.190% 07/15/20310.1%
Affirm Asset Securitization Trust 2024-A5.610% 02/15/20290.1%
WR Grace Holdings LLC5.625% 08/15/20290.1%
Flagship Credit Auto Trust 2022-34.550% 04/15/20270.1%
Connecticut Avenue Securities Trust 2023-R017.125% 12/25/20420.1%
Alimentation Couche-Tard Inc5.267% 02/12/20340.1%
Arbor Realty Commercial Real Estate Notes 2022-FL2 Ltd6.459% 05/15/20370.1%
Chase Home Lending Mortgage Trust 2024-RPL43.375% 12/25/20640.1%
Connecticut Avenue Securities Trust 2023-R018.475% 12/25/20420.1%
Connecticut Avenue Securities Trust 2024-R036.675% 03/25/20440.1%
Rain Carbon Inc12.250% 09/01/20290.1%
Navoi Mining & Metallurgical Combinat6.950% 10/17/20310.1%
General Motors Financial Co Inc5.850% 04/06/20300.1%
Mitsubishi Corp5.125% 07/17/20340.1%
Ford Motor Credit Co LLC7.200% 06/10/20300.1%
NGPL PipeCo LLC4.875% 08/15/20270.1%
F&G Global Funding5.150% 07/07/20250.1%
GoldenTree Loan Management US CLO 16 Ltd7.117% 01/20/20340.1%
GM Financial Automobile Leasing Trust 2023-15.510% 01/20/20270.1%
Bayview Opportunity Master Fund VII 2024-EDU1 LLC6.534% 06/25/20470.1%
GM Financial Automobile Leasing Trust 2023-25.540% 05/20/20270.1%
American Airlines Inc7.250% 02/15/20280.1%
JB Poindexter & Co Inc8.750% 12/15/20310.1%
RR 24 Ltd7.056% 01/15/20360.1%
Anglo American Capital PLC3.875% 03/16/20290.1%
Husky Injection Molding Systems Ltd / Titan Co-Borrower LLC9.000% 02/15/20290.1%
Westlake Automobile Receivables Trust 2024-15.440% 05/17/20270.1%
PNC Financial Services Group Inc/The5.401% 07/23/20350.1%
15-YR UMBS-TBA PROD DEC6.000% 01/01/20390.1%
LSB Industries Inc6.250% 10/15/20280.1%
Crockett Partners Equipment Co IIA LLC6.050% 01/20/20310.1%
Occidental Petroleum Corp6.625% 09/01/20300.1%
Tenneco Inc8.000% 11/17/20280.1%
Targa Resources Partners LP / Targa Resources Partners Finance Corp5.500% 03/01/20300.1%
Penn Entertainment Inc4.125% 07/01/20290.1%
El Salvador Government International Bond9.650% 11/21/20540.1%
Centrais Eletricas Brasileiras SA6.500% 01/11/20350.1%
Ford Motor Co9.625% 04/22/20300.1%
Annisa CLO Ltd 2016-26.117% 07/20/20310.1%
Colombia Government International Bond7.750% 11/07/20360.1%
Interstate Power and Light Co4.950% 09/30/20340.1%
Jacobs Entertainment Inc6.750% 02/15/20290.1%
Amur Equipment Finance Receivables XIII LLC5.380% 01/21/20310.1%
Freddie Mac STACR REMIC Trust 2023-HQA110.234% 05/25/20430.1%
Ecopetrol SA8.375% 01/19/20360.1%
Molina Healthcare Inc3.875% 11/15/20300.1%
Nigeria Government International Bond6.125% 09/28/20280.1%
California Resources Corp8.250% 06/15/20290.1%
Baytex Energy Corp8.500% 04/30/20300.1%
PennyMac Financial Services Inc7.125% 11/15/20300.1%
WE Soda Investments Holding PLC9.500% 10/06/20280.1%
Bancolombia SA8.625% 12/24/20340.1%
Akbank TAS7.498% 01/20/20300.1%
Howden UK Refinance PLC / Howden UK Refinance 2 PLC / Howden US Refinance LLC7.250% 02/15/20310.1%
McAfee Corp7.375% 02/15/20300.1%
Zelis Payments Buyer Inc7.849% 10/27/20310.1%
Freddie Mac STACR REMIC Trust 2022-HQA37.034% 08/25/20420.1%
Eskom Holdings SOC Ltd7.125% 02/11/20250.1%
Workday Inc3.800% 04/01/20320.1%
Greenko Dutch BV3.850% 03/29/20260.1%
Rand Parent LLC8.500% 02/15/20300.1%
LD Celulose International GmbH7.950% 01/26/20320.1%
Calpine Corp6.573% 01/31/20310.1%
Genesee & Wyoming Inc6.522% 04/10/20310.1%
Glencore Funding LLC6.375% 10/06/20300.1%
JSW Infrastructure Ltd4.950% 01/21/20290.1%
Colombia Government International Bond7.500% 02/02/20340.1%
Cloud Software Group Inc6.500% 03/31/20290.1%
IRB Infrastructure Developers Ltd7.110% 03/11/20320.1%
Cosan Luxembourg SA7.250% 06/27/20310.1%
Empresa Generadora de Electricidad Haina SA5.625% 11/08/20280.1%
JP Morgan Mortgage Trust 2022-33.000% 08/25/20520.1%
St Marys Cement Inc Canada5.750% 04/02/20340.1%
Staples Inc10.750% 09/01/20290.1%
Windstream Services LLC / Windstream Escrow Finance Corp8.250% 10/01/20310.1%
Avid Automobile Receivables Trust 2021-13.390% 04/17/20280.1%
Vistra Operations Co LLC7.750% 10/15/20310.1%
Citigroup Inc3.980% 03/20/20300.1%
US Acute Care Solutions LLC9.750% 05/15/20290.1%
Carnival Corp6.000% 05/01/20290.1%
Indika Energy Tbk PT8.750% 05/07/20290.1%
Alpha Generation LLC6.750% 10/15/20320.1%
EquipmentShare.com Inc9.000% 05/15/20280.1%
Appalachian Power Co5.650% 04/01/20340.1%
Indianapolis Power & Light Co5.700% 04/01/20540.1%
JP Morgan Mortgage Trust 2022-INV13.000% 03/25/20520.1%
Biocon Biologics Global PLC6.670% 10/09/20290.1%
American Tower Corp5.550% 07/15/20330.1%
Walgreens Boots Alliance Inc8.125% 08/15/20290.1%
Wells Fargo & Co5.389% 04/24/20340.1%
Arko Corp5.125% 11/15/20290.1%
FMG Resources August 2006 Pty Ltd4.375% 04/01/20310.1%
Emergent BioSolutions Inc3.875% 08/15/20280.1%
Oracle Corp2.875% 03/25/20310.1%
MGM China Holdings Ltd7.125% 06/26/20310.1%
Enel Finance International NV5.125% 06/26/20290.1%
Huntington Ingalls Industries Inc5.749% 01/15/20350.1%
Goldentree Loan Management US Clo 10 Ltd7.717% 10/20/20370.1%
30-YR GNMA II-TBA PROD DEC2.500% 10/01/20510.1%
LoanCore 2022-CRE7 Issuer Ltd6.348% 01/17/20370.1%
BFLD 2024-VICT Mortgage Trust6.499% 07/15/20410.1%
VStrong Auto Receivables Trust 2023-A9.990% 12/16/20300.1%
Citizens Auto Receivables Trust 2024-25.330% 08/15/20280.1%
FactSet Research Systems Inc3.450% 03/01/20320.1%
Targa Resources Partners LP / Targa Resources Partners Finance Corp5.000% 01/15/20280.1%
Prosus NV4.027% 08/03/20500.1%
CSN Resources SA4.625% 06/10/20310.1%
Velocity Commercial Capital Loan Trust 2024-26.650% 06/25/20540.1%
BX Commercial Mortgage Trust 2021-ACNT5.573% 11/15/20380.1%
Madison Park Funding LVIII Ltd8.276% 04/25/20370.1%
Ballyrock CLO 25 Ltd7.076% 01/25/20360.1%
CIFC Funding 2024-IV Ltd7.600% 10/16/20370.1%
Delek Logistics Partners LP / Delek Logistics Finance Corp7.125% 06/01/20280.1%
Hilton Domestic Operating Co Inc6.358% 11/08/20300.1%
Nuveen LLC5.850% 04/15/20340.1%
Royal Caribbean Cruises Ltd6.000% 02/01/20330.1%
Viterra Finance BV4.900% 04/21/20270.1%
Fannie Mae Pool2.500% 08/01/20350.1%
National Fuel Gas Co3.950% 09/15/20270.1%
Ballyrock CLO 23 Ltd6.606% 04/25/20360.1%
BAT Capital Corp5.834% 02/20/20310.1%
American Tower Corp3.800% 08/15/20290.1%
Truist Financial Corp5.867% 06/08/20340.1%
Elmwood CLO 24 Ltd6.997% 12/11/20330.1%
BNP Paribas SA8.000% 08/22/21730.1%
New Residential Mortgage Loan Trust 2020-RPL13.859% 11/25/20590.1%
Coterra Energy Inc4.375% 03/15/20290.1%
Ford Motor Credit Co LLC6.800% 05/12/20280.1%
Benefit Street Partners Clo XXXIII Ltd6.926% 01/25/20360.1%
CARLYLE US CLO 2023-2 LTD7.617% 07/20/20360.1%
Avant Loans Funding Trust 2021-REV14.300% 07/15/20300.1%
JP Morgan Mortgage Trust 2021-102.500% 12/25/20510.1%
Occidental Petroleum Corp6.450% 09/15/20360.1%
Dominion Energy Inc6.875% 02/01/20550.1%
Diamond Foreign Asset Co / Diamond Finance LLC8.500% 10/01/20300.1%
Lending Funding Trust 2020-22.320% 04/21/20310.1%
Ready Capital Mortgage Financing 2022-FL8 LLC6.384% 01/25/20370.1%
SMRT 2022-MINI5.610% 01/15/20390.1%
Discovery Communications LLC3.950% 03/20/20280.1%
Flagship Credit Auto Trust 2023-15.010% 08/16/20270.1%
RESIDEO FUNDING INC6.358% 02/14/20280.1%
Valaris Ltd8.375% 04/30/20300.1%
Talen Energy Supply LLC8.625% 06/01/20300.1%
Connecticut Avenue Securities Trust 2023-R087.234% 10/25/20430.1%
J.P. Morgan Mortgage Trust 2021-INV83.000% 05/25/20520.1%
ABN AMRO Bank NV3.324% 03/13/20370.1%
Morgan Stanley5.320% 07/19/20350.1%
Fannie Mae Pool5.000% 10/01/20520.1%
MF1 2022-FL9 LLC6.756% 06/19/20370.1%
Santander Bank Auto Credit-Linked Notes Series 2022-C14.592% 12/15/20320.1%
Freddie Mac Multifamily Structured Pass Through Certificates3.123% 08/25/20320.1%
Chase Home Lending Mortgage Trust Series 2024-RPL23.250% 08/25/20640.1%
New York Life Global Funding4.550% 01/28/20330.1%
Prologis Targeted US Logistics Fund LP5.250% 01/15/20350.1%
Affirm Asset Securitization Trust 2024-A5.610% 02/15/20290.1%
Generate CLO 14 Ltd7.132% 04/22/20370.1%
AECOM6.323% 10/29/20310.1%
Allied Universal Holdco LLC7.875% 02/15/20310.1%
Oceanview Mortgage Trust 2021-INV32.500% 07/25/20510.1%
TRANS UNION LLC6.361% 06/24/20310.1%
IPALCO Enterprises Inc5.750% 04/01/20340.1%
BARCLAYS CAPITAL4.580% 12/02/20240.1%
CHS/Community Health Systems Inc5.250% 05/15/20300.1%
Assurant Inc3.700% 02/22/20300.1%
KIND Commercial Mortgage Trust 2024-16.499% 08/15/20410.1%
Ardonagh Group Finance Ltd8.875% 02/15/20320.1%
LifePoint Health Inc9.875% 08/15/20300.1%
EQT Corp5.750% 02/01/20340.1%
NatWest Group PLC7.472% 11/10/20260.1%
DYNASTY ACQUISITION CO INC6.823% 10/31/20310.1%
Assurant Inc2.650% 01/15/20320.1%
LifePoint Health Inc10.000% 06/01/20320.1%
Carvana Auto Receivables Trust 2020-NP15.200% 07/15/20270.1%
Fairstone Financial Issuance Trust I6.873% 10/20/20390.1%
East Ohio Gas Co/The1.300% 06/15/20250.1%
Santander Consumer Auto Receivables Trust 2020-B7.030% 08/15/20280.1%
Bank of New York Mellon Corp/The4.967% 04/26/20340.1%
Mauser Packaging Solutions Holding Co9.250% 04/15/20270.1%
Kraken Oil & Gas Partners LLC7.625% 08/15/20290.1%
Freddie Mac STACR REMIC Trust 2023-DNA27.975% 04/25/20430.1%
Carmax Auto Owner Trust 2024-35.670% 01/15/20310.1%
Oglethorpe Power Corp5.950% 11/01/20390.1%
Crown Castle Inc2.100% 04/01/20310.1%
CHS/Community Health Systems Inc6.875% 04/15/20290.1%
Berry Petroleum Co LLC7.000% 02/15/20260.1%
MTN Commercial Mortgage Trust 2022-LPFL6.007% 03/15/20390.1%
Santander Bank Auto Credit-Linked Notes Series 2022-A9.965% 05/15/20320.1%
Connecticut Avenue Securities Trust 2022-R067.484% 05/25/20420.1%
Block Inc6.500% 05/15/20320.1%
NCL Corp Ltd5.875% 02/15/20270.1%
Boeing Co/The6.858% 05/01/20540.1%
AG TTMT Escrow Issuer LLC8.625% 09/30/20270.1%
AMC Networks Inc4.250% 02/15/20290.1%
30-YR UMBS-TBA PROD JAN3.000% 10/01/20510.1%
Macquarie Airfinance Holdings Ltd5.150% 03/17/20300.1%
SCF Equipment Leasing 2024-1 LLC9.000% 12/20/20340.1%
Wells Fargo & Co5.574% 07/25/20290.1%
Morgan Stanley5.297% 04/20/20370.1%
Emrld Borrower LP7.059% 08/04/20310.1%
Barings CLO Ltd 2024-I8.617% 01/20/20370.1%
M&T Bank Corp5.053% 01/27/20340.1%
EQM Midstream Partners LP7.500% 06/01/20300.1%
Broadcom Inc4.150% 04/15/20320.1%
Southern Veterinary Partners LLC7.861% 10/31/20310.1%
Heartland Dental LLC / Heartland Dental Finance Corp10.500% 04/30/20280.1%
Flagstar Mortgage Trust 2021-122.500% 11/25/20510.1%
EMRLD Borrower LP / Emerald Co-Issuer Inc6.750% 07/15/20310.1%
Freddie Mac STACR REMIC Trust 2024-DNA16.084% 02/25/20440.1%
Occidental Petroleum Corp5.550% 10/01/20340.1%
CONE Trust 2024-DFW16.900% 08/15/20410.1%
J.P. Morgan Mortgage Trust 2022-43.000% 10/25/20520.1%
Veralto Corp5.450% 09/18/20330.1%
American Express Credit Account Master Trust5.240% 04/15/20310.1%
SCF Equipment Leasing 2021-1 LLC3.560% 08/20/20320.1%
Chobani Holdco II LLC8.750% 10/01/20290.1%
Regatta XXVIII Funding Ltd6.676% 04/25/20370.1%
BX Commercial Mortgage Trust 2021-XL25.412% 10/15/20380.1%
HEICO Corp5.350% 08/01/20330.1%
Central American Bottling Corp / CBC Bottling Holdco SL / Beliv Holdco SL5.250% 04/27/20290.1%
Maxim Crane Works Holdings Capital LLC11.500% 09/01/20280.1%
CHARTER COMUNCTON OPRAING LLC6.859% 11/24/20310.1%
ATI Inc7.250% 08/15/20300.1%
Bombardier Inc7.250% 07/01/20310.1%
Sisecam UK PLC8.625% 05/02/20320.1%
Egypt Government International Bond7.300% 09/30/20330.1%
Goldman Sachs Group Inc/The2.383% 07/21/20320.1%
30-YR GNMA II-TBA PROD DEC4.500% 10/01/20540.1%
Spire Missouri Inc5.150% 08/15/20340.1%
Gray Television Inc5.375% 11/15/20310.1%
Hecla Mining Co7.250% 02/15/20280.1%
LABL Inc9.500% 11/01/20280.1%
Senegal Government International Bond6.250% 05/23/20330.1%
Dornoch Debt Merger Sub Inc6.625% 10/15/20290.1%
DRIVEN BRANDS FUNDING LLC3.981% 10/20/20490.1%
Macquarie Bank Ltd3.624% 06/03/20300.1%
AGL CLO 24 Ltd10.126% 07/25/20360.1%
Charter Communications Operating LLC6.385% 02/01/20270.1%
Southwest Gas Corp4.050% 03/15/20320.1%
Connecticut Avenue Securities Trust 2023-R048.275% 05/25/20430.1%
Freddie Mac STACR REMIC Trust 2024-DNA25.934% 05/25/20440.1%
J.P. Morgan Mortgage Trust 2022-43.000% 10/25/20520.1%
Wells Fargo & Co2.164% 02/11/20260.1%
Mercer International Inc5.125% 02/01/20290.1%
Centene Corp3.375% 02/15/20300.1%
Freddie Mac Pool5.000% 08/01/20520.1%
EPR Properties4.950% 04/15/20280.1%
Teva Pharmaceutical Finance Netherlands III BV3.150% 10/01/20260.1%
Citigroup Mortgage Loan Trust 2022-INV13.000% 11/27/20510.1%
VistaJet Malta Finance PLC / Vista Management Holding Inc7.875% 05/01/20270.1%
FirstEnergy Transmission LLC5.000% 01/15/20350.1%
Ford Motor Credit Co LLC2.700% 08/10/20260.1%
Chase Home Lending Mortgage Trust Series 2024-RPL33.250% 09/25/20640.1%
Fannie Mae Pool2.500% 06/01/20510.1%
Mill City Mortgage Loan Trust 2021-NMR13.731% 11/25/20600.1%
Life Time Inc7.031% 11/05/20310.1%
Fannie Mae Pool5.000% 08/01/20520.1%
Connecticut Avenue Securities Trust 2024-R026.534% 02/25/20440.1%
HCA Inc5.450% 09/15/20340.1%
CSC Holdings LLC11.750% 01/31/20290.0%
Enbridge Inc6.200% 11/15/20300.0%
Fannie Mae Pool2.500% 12/01/20510.0%
ARZ Trust 2024-BILT5.772% 06/11/20290.0%
Bank of New York Mellon Corp/The4.596% 07/26/20300.0%
Fannie Mae Pool4.000% 06/01/20520.0%
Bayer Corp/NJ6.650% 02/15/20280.0%
Fannie Mae Pool2.500% 01/01/20510.0%
Connecticut Avenue Securities Trust 2024-R046.384% 05/25/20440.0%
Texas Natural Gas Securitization Finance Corp5.102% 04/01/20350.0%
Fannie Mae Pool6.000% 02/01/20390.0%
Watco Cos LLC / Watco Finance Corp7.125% 08/01/20320.0%
GS Mortgage-Backed Securities Trust 2021-PJ22.500% 07/25/20510.0%
Discover Bank5.974% 08/09/20280.0%
Lendmark Funding Trust 2022-15.120% 07/20/20320.0%
Santander Consumer Auto Receivables Trust 2021-A5.790% 08/15/20280.0%
Fannie Mae Pool3.500% 04/01/20520.0%
VICI Properties LP6.125% 04/01/20540.0%
OneMain Direct Auto Receivables Trust 2019-14.190% 11/14/20280.0%
BNP Paribas SA4.375% 03/01/20330.0%
J.P. Morgan Mortgage Trust 2022-13.000% 07/25/20520.0%
Sixth Street CLO XXII Ltd9.632% 04/22/20360.0%
Vistra Operations Co LLC5.125% 05/13/20250.0%
Fannie Mae Pool2.500% 12/01/20510.0%
Ready Capital Mortgage Financing 2023-FL12 LLC6.923% 05/25/20380.0%
HUB International Ltd7.375% 01/31/20320.0%
National Fuel Gas Co5.500% 01/15/20260.0%
Altice France SA8.125% 02/01/20270.0%
BankUnited Inc5.125% 06/11/20300.0%
Freddie Mac Pool5.000% 08/01/20520.0%
15-YR UMBS-TBA PROD DEC5.000% 06/01/20390.0%
Post Road Equipment Finance 2022-14.880% 11/15/20280.0%
Connecticut Avenue Securities Trust 2019-R058.949% 07/25/20390.0%
Wisconsin Electric Power Co5.050% 10/01/20540.0%
Raising Cane's Restaurants LLC9.375% 05/01/20290.0%
Galaxy Xxviii Clo Ltd6.218% 07/15/20310.0%
Viterra Finance BV3.200% 04/21/20310.0%
Freddie Mac STACR REMIC Trust 2022-HQA16.834% 03/25/20420.0%
Bain Capital CLO 2024-1 Ltd8.497% 04/16/20370.0%
DYNASTY ACQUISITION CO INC6.823% 10/31/20310.0%
BSPRT 2022-FL8 Issuer Ltd6.306% 02/15/20370.0%
Amur Equipment Finance Receivables IX LLC2.300% 11/22/20270.0%
Fannie Mae Pool2.500% 05/01/20520.0%
Fluor Corp4.250% 09/15/20280.0%
Phillips Edison Grocery Center Operating Partnership I LP5.750% 07/15/20340.0%
30-YR UMBS-TBA PROD JAN4.500% 10/01/20540.0%
Freddie Mac Pool5.000% 07/01/20520.0%
30-YR UMBS-TBA PROD DEC4.500% 10/01/20540.0%
Verus Securitization Trust 2021-81.824% 11/25/20660.0%
Fannie Mae Pool2.500% 12/01/20510.0%
Toronto-Dominion Bank/The5.146% 09/10/20340.0%
Carlyle Global Market Strategies CLO 2014-3-R Ltd5.929% 07/27/20310.0%
Macquarie Group Ltd2.691% 06/23/20320.0%
Romark CLO Ltd6.538% 10/23/20300.0%
Fannie Mae Pool3.000% 12/01/20480.0%
Fannie Mae Pool3.500% 07/01/20450.0%
15-YR UMBS-TBA PROD DEC5.500% 02/01/20390.0%
Aris Mining Corp8.000% 10/31/20290.0%
Flagship Credit Auto Trust 2019-33.840% 12/15/20260.0%
Select Medical Corp6.622% 11/19/20310.0%
Freddie Mac Pool3.500% 02/01/20460.0%
Fannie Mae Pool4.000% 05/01/20520.0%
SEAWORLD PARKS+ ENTRTANENT INC6.622% 11/19/20310.0%
Fannie Mae Pool5.000% 07/01/20520.0%
Sabine Pass Liquefaction LLC5.625% 03/01/20250.0%
Fannie Mae Pool3.000% 03/01/20370.0%
US 10yr Ultra Fut Mar250.000% 03/31/20250.0%
Fannie Mae Pool2.500% 08/01/20510.0%
Fannie Mae Pool5.000% 07/01/20520.0%
US ULTRA BOND CBT Mar250.000% 03/31/20250.0%
Sunrun Demeter Issuer 2021-2 LLC2.270% 01/30/20570.0%
Fannie Mae Pool4.000% 05/01/20520.0%
Protective Life Corp8.450% 10/15/20390.0%
Bank of America Corp3.384% 04/02/20260.0%
Freddie Mac STACR REMIC Trust 2021-HQA45.684% 12/25/20410.0%
Perimeter Master Note Business Trust4.170% 12/15/20260.0%
OneMain Direct Auto Receivables Trust 2019-13.630% 09/14/20270.0%
Aqua Finance Trust 2021-A1.540% 07/17/20460.0%
Freddie Mac Pool2.500% 11/01/20510.0%
BlueMountain CLO 2013-2 Ltd6.073% 10/22/20300.0%
Fannie Mae Pool3.000% 01/01/20520.0%
Octane Receivables Trust 2022-25.110% 02/22/20280.0%
Baxalta Inc4.000% 06/23/20250.0%
Neuberger Berman Group LLC / Neuberger Berman Finance Corp4.875% 04/15/20450.0%
OneMain Financial Issuance Trust 2020-23.450% 09/14/20350.0%
Fannie Mae Pool3.500% 09/01/20510.0%
US 2YR NOTE (CBT) Mar250.000% 04/03/20250.0%
TRTX 2019-FL3 Issuer Ltd6.825% 10/15/20340.0%
Avant Loans Funding Trust 2021-REV12.300% 07/15/20300.0%
Exeter Automobile Receivables Trust 2022-34.860% 12/15/20260.0%
Citigroup Commercial Mortgage Trust 2016-GC363.849% 02/10/20490.0%
Rain CII Carbon LLC / CII Carbon Corp7.250% 04/01/20250.0%
Avant Loans Funding Trust 2022-REV16.540% 09/15/20310.0%
CF Trust 2019-BOSS8.626% 12/15/20240.0%
SG Commercial Mortgage Securities Trust 2019-787E0.456% 02/15/20410.0%
Residential Mortgage Loan Trust 2020-12.376% 01/26/20600.0%
Starwood Mortgage Residential Trust 2020-12.275% 02/25/20500.0%
JP Morgan Chase Commercial Mortgage Securities Trust 2014-DSTY3.931% 06/10/20270.0%
FX USD/CAD 03/250.000% 03/07/20250.0%
Government National Mortgage Association2.650% 11/16/20500.0%

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

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 01/14/2025
$0
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 12/31/2024 $0.05492 $12.72
Daily Daily 11/30/2024 $0.05365 $12.96
Daily Daily 10/31/2024 $0.05452 $12.87
Daily Daily 09/30/2024 $0.05540 $13.21
Daily Daily 08/31/2024 $0.05686 $13.08
Daily Daily 07/31/2024 $0.05789 $12.94
Daily Daily 06/30/2024 $0.05666 $12.70
Daily Daily 05/31/2024 $0.05763 $12.64
Daily Daily 04/30/2024 $0.05660 $12.49
Daily Daily 03/31/2024 $0.05774 $12.82
Daily Daily 02/29/2024 $0.05645 $12.74
Daily Daily 01/31/2024 $0.05734 $12.92

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 01/31/2025
Daily Daily 02/28/2025
Daily Daily 03/31/2025
Daily Daily 04/30/2025
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

Yield

Yield

Dividend Yield as of 01/14/2025  

w/o sales charge 5.24%
w/ sales charge 5.12%

30-Day Standardized Yield as of 12/31/2024  

  Subsidized Un-Subsidized
w/o sales charge 4.95% 4.95%

Fees & Expenses

Fees & Expenses

Sales Charge Schedule as of 01/14/2025

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $100,000 2.25% 2.00% $12.87
$100,000 to $249,999 1.75% 1.50% $12.80
$250,000 to $499,999 1.25% 1.00% $12.74
Greater than $500,000 0.00% 1.00% $12.58

The 12b-1 trail commission is 0.15% (accrues immediately) for all fixed-income and municipal income funds.

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 12/31/2024

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

Expense ratio details, Click here.

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 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. Debt securities are subject to credit risk, which is the risk that the issuer will fail to make timely payments of interest and principal to the Fund. 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. Past performance is no guarantee of future results.

 

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.

Class A Shares purchased subject to a front-end sales charge have no contingent deferred sales charge (CDSC). However, effective 12/1/2021, 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 of the 18-month anniversary of the purchase. Fund shares purchased without a sales charge prior to 12/1/2021 may be assessed 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. 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.

 

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.

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