LIFAX | Inflation Focused Fund Class A | Lord Abbett

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Inflation Focused Fund

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Daily price w/o sales charge as of 07/26/2024

$11.59

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YTD Returns w/o sales charge as of 07/26/2024

2.96%

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 Inflation Focused Fund?

The Fund seeks to deliver total returns that exceed the rate of inflation in the U.S. over a full inflation cycle and current income by combining investments in inflation swaps with a portfolio of short duration credit. 
 

EXPERIENCED INVESTMENT TEAM

The strategy is managed through a collaboration among 40+ investment professionals in portfolio management, credit research, and trading.

HIGHER INCOME POTENTIAL WITH LOWER DURATION

By utilizing short duration credit, the strategy generates the highest income stream in the Morningstar category with one-third the duration of the average TIPS-based portfolio.

TRUE INFLATION PROTECTION

By using inflation swaps to hedge exposure to investor expectations of future inflation, the strategy isolates inflation risk with much less nominal interest rate exposure than the Morningstar category.  As such, the strategy is designed to do well when inflation expectation increase.

Yield

Average Yield to Maturity as of 06/28/2024

5.94%

30-Day Standardized Yield 1 as of 06/30/2024  

  Subsidized2 Un-Subsidized3
w/o sales charge 4.60% 4.59%

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 06/28/2024

Total Net Assets
$834.18 M
Inception Date
04/29/2011
Dividend Frequency
Monthly
Fund Gross Expense Ratio
0.73%
Fund Net Expense Ratio
0.73%
Number of Holdings
590
Minimum Initial Investment
$1,500+

Fund Expense Ratio :

Gross 0.73%

Net 0.73%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/29/2011
w/o sales charge 2.65% 5.23% 1.91% 3.87% 1.72% 1.79%
Lipper Category Avg. Inflation Protected Bond Funds 1.16% 3.37% -0.81% 2.00% 1.50% -
Bloomberg U.S. TIPS 1-5 Year Index 2.05% 5.25% 1.64% 2.98% 1.94% 1.73%
w/ sales charge 0.30% 2.90% 1.14% 3.40% 1.49% 1.61%

Fund Expense Ratio :

Gross 0.73%

Net 0.73%

Fund Expense Ratio :

Gross 0.73%

Net 0.73%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/29/2011
w/o sales charge 2.65% 5.23% 1.91% 3.87% 1.72% 1.79%
Lipper Category Avg. Inflation Protected Bond Funds 1.16% 3.37% -0.81% 2.00% 1.50% -
Bloomberg U.S. TIPS 1-5 Year Index 2.05% 5.25% 1.64% 2.98% 1.94% 1.73%
w/ sales charge 0.30% 2.90% 1.14% 3.40% 1.49% 1.61%

Fund Expense Ratio :

Gross 0.73%

Net 0.73%

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
ABS
CLO
High Yield Corporate
CMBS
MBS
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
1-2.99 years
3-4.99 years
5-6.99 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 06/28/2024 View Portfolio

Rating Assets
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 average rating based on numeric values assigned to each 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

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

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

Partner & Portfolio Manager

23 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Co-Head of Taxable Fixed Income

33 Years of Industry Experience

Supported By 82 Investment Professionals with 17 Years Avg. Industry Experience

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Performance

Performance

Average Yield to Maturity as of 06/28/2024

5.94%

30-Day Standardized Yield 1 as of 06/30/2024  

  Subsidized2 Un-Subsidized3
w/o sales charge 4.60% 4.59%

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

Fund Expense Ratio :

Gross 0.73%

Net 0.73%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/29/2011
w/o sales charge 2.65% 5.23% 1.91% 3.87% 1.72% 1.79%
Lipper Category Avg. Inflation Protected Bond Funds 1.16% 3.37% -0.81% 2.00% 1.50% -
Bloomberg U.S. TIPS 1-5 Year Index 2.05% 5.25% 1.64% 2.98% 1.94% 1.73%
w/ sales charge 0.30% 2.90% 1.14% 3.40% 1.49% 1.61%

Fund Expense Ratio :

Gross 0.73%

Net 0.73%

Fund Expense Ratio :

Gross 0.73%

Net 0.73%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/29/2011
w/o sales charge 2.65% 5.23% 1.91% 3.87% 1.72% 1.79%
Lipper Category Avg. Inflation Protected Bond Funds 1.16% 3.37% -0.81% 2.00% 1.50% -
Bloomberg U.S. TIPS 1-5 Year Index 2.05% 5.25% 1.64% 2.98% 1.94% 1.73%
w/ sales charge 0.30% 2.90% 1.14% 3.40% 1.49% 1.61%

Fund Expense Ratio :

Gross 0.73%

Net 0.73%

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. TIPS 1-5 Year Index
2023 4.10% 4.44%
2022 -4.85% -3.96%
2021 10.29% 5.53%
2020 5.93% 5.70%
2019 4.86% 5.08%
2018 -1.28% 0.41%
2017 1.33% 0.80%
2016 4.96% 3.13%
2015 -2.22% -0.14%
2014 -5.20% -1.13%
2013 -1.76% -
2012 9.87% -
Year Q1 Q2 Q3 Q4
2024 1.28% 1.35% - -
2023 2.70% -1.12% -0.19% 2.71%
2022 -0.49% -4.02% -2.27% 1.94%
2021 4.26% 1.62% 2.27% 1.79%
2020 -14.80% 10.55% 6.13% 5.96%
2019 2.60% 0.41% -1.37% 3.19%
2018 0.40% 0.95% 0.71% -3.28%
2017 0.73% -1.53% 1.13% 1.01%
2016 -0.90% -0.65% 2.45% 4.05%
2015 -0.17% 1.72% -4.68% 1.03%
2014 0.02% 2.20% -2.74% -4.66%
2013 0.51% -3.67% 1.32% 0.15%
2012 5.40% -0.99% 3.16% 2.05%

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

Growth of $10,000 as of 06/30/2024

The chart begins on the Fund's inception date of 04/29/2011.

Based on a hypothetical Class A share investment of $10,000 on 04/29/2011 without sales charge and includes the reinvestment of all distributions.

 

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Rating Assets
Investment Grade Corporate
ABS
CLO
High Yield Corporate
CMBS
MBS
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
1-2.99 years
3-4.99 years
5-6.99 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 06/28/2024

Rating Assets
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 average rating based on numeric values assigned to each 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.

Portfolio Positioning as of 03/31/2024

  • The Fund maintains an allocation to CPI Swaps designed to protect investors’ purchasing power during periods of rising inflation. As inflation expectations increased, the Fund’s inflation protection led to a positive impact on performance.
  • The portfolio’s allocation to investment grade corporate bonds was the primary contributor to relative returns, primarily within the Financials and Energy sectors. Within Energy, we find attractive relative value, particularly in issues where we believe improving fundamentals are not appropriately reflected in credit ratings. Over the quarter, we increased the portfolio’s allocation to investment grade corporates, mainly within the Energy and Insurance sectors.
  • Allocations to asset-backed securities (ABS) and Collateralized Loan Obligations (CLO) also contributed to relative returns given the asset classes’ greater carry and some spread compression. We continue to favor high-quality ABS within the auto sector, focusing on newly originated loans with superior underwriting. Over the quarter, we decreased the portfolio’s allocation to some ABS deals with tighter credit spreads to pursue attractive relative value opportunities in other sectors. The portfolio’s CLO allocation is primarily composed of highly rated securities with short average lives and low spread volatility.
  • Duration positioning was the key detractor from relative performance over the quarter. Being overweight duration versus the benchmark detracted as U.S. Treasury rates moved higher during the period.

Portfolio Details as of 06/28/2024

Total Net Assets
$834.18 M
Average Effective Duration
2.99 Years
Average Life
1.92 Years
Average Maturity
1.93 Years
Number of Issues
590
Average Yield to Maturity
5.94%

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

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

Average Life - Measures how long it will take, on average, to receive the repayment of the principal amount on a debt security.  Average life is often used in connection with mortgage-backed securities as a measurement of the length of time, on average, before the underlying mortgages are paid, refinanced, or otherwise retired.

Average Effective Duration - The change in the value of a fixed income security that will result from a 1% change in interest rates, taking into account anticipated cash flow fluctuations from mortgage prepayments, puts, adjustable coupons, and potential call dates. Duration is expressed as a number of years, and generally, the larger a duration, the greater the interest-rate risk or reward for a portfolio’s underlying bond prices. Where applicable, certain investments, such as common or preferred stock, convertible bonds and convertible preferred stock, ETFs, ADRs, and CPI swaps and related futures, are excluded from these calculations.

Holding Coupon Maturity Assets
Exeter Automobile Receivables Trust 2020-2 7.190% 09/15/2027 1.8%
OneMain Direct Auto Receivables Trust 2019-1 3.630% 09/14/2027 1.0%
System Energy Resources Inc 6.000% 04/15/2028 1.0%
BPCE SA 5.150% 07/21/2024 0.9%
Danske Bank A/S 3.244% 12/20/2025 0.9%
Viterra Finance BV 2.000% 04/21/2026 0.8%
Macquarie Group Ltd 1.201% 10/14/2025 0.8%
VICI Properties LP / VICI Note Co Inc 3.500% 02/15/2025 0.8%
Aircastle Ltd 5.250% 08/11/2025 0.8%
Bank of America Corp 1.197% 10/24/2026 0.7%
% of Total Assets 9.5%
Holding Coupon Maturity Assets
Exeter Automobile Receivables Trust 2020-27.190% 09/15/20271.8%
Danske Bank A/S3.244% 12/20/20251.3%
OneMain Direct Auto Receivables Trust 2019-13.630% 09/14/20271.1%
System Energy Resources Inc6.000% 04/15/20280.9%
BPCE SA5.150% 07/21/20240.9%
Devon Energy Corp5.875% 06/15/20280.8%
Viterra Finance BV2.000% 04/21/20260.8%
Macquarie Group Ltd1.201% 10/14/20250.8%
VICI Properties LP / VICI Note Co Inc3.500% 02/15/20250.8%
Aircastle Ltd5.250% 08/11/20250.7%
Intesa Sanpaolo SpA5.017% 06/26/20240.7%
Carvana Auto Receivables Trust 2022-P13.350% 02/10/20270.7%
Bank of America Corp1.197% 10/24/20260.7%
Lendmark Funding Trust 2022-15.120% 07/20/20320.7%
Devon Energy Corp5.250% 10/15/20270.7%
Bank of Ireland Group PLC2.029% 09/30/20270.7%
ABN AMRO Bank NV4.750% 07/28/20250.7%
PVH Corp4.625% 07/10/20250.7%
OneMain Financial Issuance Trust 2022-35.940% 05/15/20340.6%
BNP Paribas SA2.819% 11/19/20250.6%
WEA Finance LLC / Westfield UK & Europe Finance PLC3.750% 09/17/20240.6%
Lloyds Banking Group PLC4.582% 12/10/20250.6%
Imperial Brands Finance PLC6.125% 07/27/20270.6%
Bank of America Corp4.948% 07/22/20280.6%
Wells Fargo & Co4.808% 07/25/20280.6%
Romark CLO Ltd6.618% 10/23/20300.6%
Apidos CLO XXXI6.690% 04/15/20310.6%
KKR Clo 24 Ltd6.666% 04/20/20320.6%
Ally Financial Inc5.750% 11/20/20250.6%
Navient Private Education Refi Loan Trust 2022-A2.230% 07/15/20700.5%
SCF Equipment Leasing 2022-1 LLC2.920% 07/20/20290.5%
Anglo American Capital PLC3.625% 09/11/20240.5%
Puget Energy Inc3.650% 05/15/20250.5%
SBNA Auto Lease Trust 2024-A5.390% 11/20/20260.5%
Capital One Multi-Asset Execution Trust3.490% 05/15/20270.5%
Manufacturers & Traders Trust Co4.650% 01/27/20260.5%
Huntington National Bank/The5.699% 11/18/20250.5%
NRG Energy Inc3.750% 06/15/20240.5%
EQT Corp6.125% 02/01/20250.5%
Lendmark Funding Trust 2021-12.470% 11/20/20310.5%
Continental Resources Inc/OK2.268% 11/15/20260.5%
Goldman Sachs Group Inc/The1.948% 10/21/20270.5%
Pacific Gas and Electric Co3.150% 01/01/20260.5%
Viterra Finance BV4.900% 04/21/20270.5%
Magnetite XXII Ltd6.650% 04/15/20310.5%
BankUnited Inc4.875% 11/17/20250.5%
American Tower Corp3.600% 01/15/20280.5%
GA Global Funding Trust3.850% 04/11/20250.5%
Vistra Operations Co LLC3.550% 07/15/20240.5%
Bank of Ireland Group PLC6.253% 09/16/20260.4%
Goldman Sachs Group Inc/The4.223% 05/01/20290.4%
Avolon Holdings Funding Ltd6.375% 05/04/20280.4%
Bayer US Finance II LLC4.250% 12/15/20250.4%
Barclays PLC5.200% 05/12/20260.4%
Triton Container International Ltd2.050% 04/15/20260.4%
Petroleos Mexicanos6.490% 01/23/20270.4%
Brooklyn Union Gas Co/The4.632% 08/05/20270.4%
Navient Corp5.875% 10/25/20240.4%
HCA Inc5.250% 04/15/20250.4%
UBS Group AG4.488% 05/12/20260.4%
F&G Global Funding2.300% 04/11/20270.4%
Octagon Investment Partners 32 Ltd6.540% 07/15/20290.4%
CPI Swap0.010% 08/22/20260.4%
CIFC Funding 2013-II Ltd6.589% 10/18/20300.4%
Hertz Vehicle Financing LLC1.210% 12/26/20250.4%
Nuveen Finance LLC4.125% 11/01/20240.4%
EPR Properties4.750% 12/15/20260.4%
Santander UK Group Holdings PLC4.750% 09/15/20250.4%
Venture 33 CLO Ltd6.650% 07/15/20310.4%
OneMain Direct Auto Receivables Trust 2021-10.870% 07/14/20280.4%
Cedar Funding XI Clo Ltd6.654% 05/29/20320.4%
Regatta XIV Funding Ltd6.428% 10/25/20310.4%
ING Groep NV6.083% 09/11/20270.4%
GreatAmerica Leasing Receivables Funding LLC Series 2024-15.080% 12/16/20300.4%
Cedar Funding V CLO Ltd6.679% 07/17/20310.4%
Mariner Finance Issuance Trust 2021-B2.100% 11/20/20360.4%
Dryden 40 Senior Loan Fund6.472% 08/15/20310.4%
Barclays PLC5.829% 05/09/20270.4%
Continental Resources Inc/OK4.375% 01/15/20280.4%
Centene Corp4.250% 12/15/20270.3%
Targa Resources Partners LP / Targa Resources Partners Finance Corp6.500% 07/15/20270.3%
Penske Truck Leasing Co Lp / PTL Finance Corp6.050% 08/01/20280.3%
Suncor Energy Inc7.875% 06/15/20260.3%
JPMorgan Chase & Co0.824% 06/01/20250.3%
EQT Corp3.900% 10/01/20270.3%
BPCE SA5.975% 01/18/20270.3%
Chesapeake Funding II LLC5.520% 05/15/20360.3%
International Flavors & Fragrances Inc1.230% 10/01/20250.3%
GS Mortgage Securities Corp Trust 2021-ROSS6.581% 05/15/20260.3%
Viper Energy Inc5.375% 11/01/20270.3%
BX Commercial Mortgage Trust 2024-XL56.708% 03/15/20410.3%
RR 8 Ltd6.679% 07/15/20370.3%
AES Corp/The3.300% 07/15/20250.3%
Fells Point Funding Trust3.046% 01/31/20270.3%
CPI Swap0.010% 08/04/20260.3%
Centene Corp2.450% 07/15/20280.3%
CPI Swap0.010% 04/18/20300.3%
UBS Group AG2.593% 09/11/20250.3%
Triton Container International Ltd1.150% 06/07/20240.3%
US Bancorp4.548% 07/22/20280.3%
Trans-Allegheny Interstate Line Co3.850% 06/01/20250.3%
Standard Chartered PLC2.819% 01/30/20260.3%
VICI Properties LP / VICI Note Co Inc3.750% 02/15/20270.3%
BXHPP Trust 2021-FILM6.081% 08/15/20360.3%
American Express Credit Account Master Trust5.230% 04/16/20290.3%
Equitable Financial Life Global Funding5.450% 03/03/20280.3%
UniCredit SpA2.569% 09/22/20260.3%
Hyundai Auto Lease Securitization Trust 2024-A5.020% 03/15/20270.3%
Nelnet Student Loan Trust 2021-A1.360% 04/20/20620.3%
Apache Corp4.375% 10/15/20280.3%
KKR CLO 40 Ltd6.643% 10/20/20340.3%
Newark BSL CLO 2 Ltd6.555% 07/25/20300.3%
Magnolia Oil & Gas Operating LLC / Magnolia Oil & Gas Finance Corp6.000% 08/01/20260.3%
Benchmark 2024-V6 Mortgage Trust5.926% 03/15/20290.3%
Gen Digital Inc6.929% 09/10/20270.3%
Endeavor Energy Resources LP / EER Finance Inc5.750% 01/30/20280.3%
NatWest Group PLC5.808% 09/13/20290.3%
Aviation Capital Group LLC5.500% 12/15/20240.3%
CPI Swap0.010% 06/28/20300.3%
Synchrony Card Funding LLC5.540% 07/15/20290.3%
Niagara Mohawk Power Corp3.508% 10/01/20240.3%
Freddie Mac STACR REMIC Trust 2021-DNA56.974% 01/25/20340.3%
Goldman Sachs Group Inc/The2.640% 02/24/20280.3%
Chord Energy Corp6.375% 06/01/20260.3%
CPI Swap0.010% 01/11/20250.3%
Affirm Asset Securitization Trust 2023-B6.820% 09/15/20280.3%
MF1 2024-FL14 LLC7.057% 03/19/20390.3%
Australia & New Zealand Banking Group Ltd4.400% 05/19/20260.3%
Navient Private Education Refi Loan Trust 2021-c1.060% 10/15/20690.3%
Regal Rexnord Corp6.050% 04/15/20280.3%
Avolon Holdings Funding Ltd4.250% 04/15/20260.3%
CPI Swap0.010% 01/06/20260.3%
American Tower Corp5.500% 03/15/20280.3%
Elanco Animal Health Inc7.163% 08/01/20270.3%
Federation des Caisses Desjardins du Quebec5.700% 03/14/20280.3%
Mercedes-Benz Auto Lease Trust 2024-A5.320% 02/15/20300.3%
Aker BP ASA2.000% 07/15/20260.3%
Hyundai Capital America6.500% 01/16/20290.3%
OneMain Financial Issuance Trust 2019-23.140% 10/14/20360.3%
BPCE SA4.500% 03/15/20250.2%
Greystone CRE Notes 2021-FL3 Ltd6.451% 07/15/20390.2%
BAT International Finance PLC5.931% 02/02/20290.2%
Dryden Senior Loan Fund6.570% 04/15/20280.2%
Santander Holdings USA Inc2.490% 01/06/20280.2%
Energy Transfer LP6.000% 02/01/20290.2%
Aqua Finance Trust 2021-A1.540% 07/17/20460.2%
Credit Agricole SA4.375% 03/17/20250.2%
WALGREENS BOOTS0.000% 07/31/20240.2%
CPI Swap0.010% 02/11/20310.2%
Ovintiv Inc5.650% 05/15/20280.2%
Catalent Pharma Solutions Inc8.321% 02/22/20280.2%
Eskom Holdings SOC Ltd7.125% 02/11/20250.2%
Broadcom Inc6.579% 08/14/20260.2%
Everi Holdings Inc5.000% 07/15/20290.2%
Illumina Inc5.750% 12/13/20270.2%
Societe Generale SA2.226% 01/21/20260.2%
Tengizchevroil Finance Co International Ltd2.625% 08/15/20250.2%
Illumina Inc5.800% 12/12/20250.2%
Jackson National Life Global Funding1.750% 01/12/20250.2%
Barclays PLC6.496% 09/13/20270.2%
HAT Holdings I LLC / HAT Holdings II LLC3.375% 06/15/20260.2%
Hyundai Capital America5.500% 03/30/20260.2%
Octagon Investment Partners XXI Ltd6.584% 02/14/20310.2%
Toll Brothers Finance Corp4.875% 11/15/20250.2%
Prosus NV3.257% 01/19/20270.2%
Bayer US Finance LLC6.250% 01/21/20290.2%
CPI Swap0.010% 06/01/20300.2%
CPI Swap0.010% 06/30/20300.2%
EnLink Midstream LLC5.625% 01/15/20280.2%
Citigroup Inc5.174% 02/13/20300.2%
CPI Swap0.010% 11/25/20240.2%
Solventum Corp5.400% 03/01/20290.2%
Octane Receivables Trust 2022-14.180% 03/20/20280.2%
Westlake Flooring Master Trust5.430% 02/15/20280.2%
US Bancorp6.787% 10/26/20270.2%
Sprint Capital Corp6.875% 11/15/20280.2%
CPI Swap0.010% 03/02/20270.2%
CPI Swap0.010% 12/09/20240.2%
Kite Realty Group Trust4.000% 03/15/20250.2%
JP Morgan Chase Commercial Mortgage Securities Trust 2014-DSTY3.429% 06/10/20270.2%
DTE Energy Co4.875% 06/01/20280.2%
CPI Swap0.010% 12/05/20240.2%
AEGON Funding Co LLC5.500% 04/16/20270.2%
Orbia Advance Corp SAB de CV1.875% 05/11/20260.2%
Hyundai Capital America5.650% 06/26/20260.2%
SM Energy Co5.625% 06/01/20250.2%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust1.750% 10/29/20240.2%
CPI Swap0.010% 04/11/20260.2%
LFT CRE 2021-FL1 Ltd7.181% 06/15/20390.2%
Hyundai Capital America6.100% 09/21/20280.2%
Tapestry Inc7.050% 11/27/20250.2%
Regal Rexnord Corp6.050% 02/15/20260.2%
F&G Annuities & Life Inc7.400% 01/13/20280.2%
Las Vegas Sands Corp3.500% 08/18/20260.2%
Bombardier Inc7.875% 04/15/20270.2%
Triumph Group Inc9.000% 03/15/20280.2%
BX Trust 2024-CNYN6.759% 04/15/20290.2%
Vornado Realty LP3.500% 01/15/20250.2%
CNO Financial Group Inc5.250% 05/30/20250.2%
BX Commercial Mortgage Trust 2024-XL46.759% 02/15/20390.2%
HF Sinclair Corp5.000% 02/01/20280.2%
BSPRT 2021-FL7 Issuer Ltd6.751% 12/15/20380.2%
Federation des Caisses Desjardins du Quebec5.250% 04/26/20290.2%
Crown Castle Inc5.000% 01/11/20280.2%
Swedbank AB6.136% 09/12/20260.2%
Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC4.625% 01/15/20270.2%
FleetCor Technologies Operating Co LLC7.179% 04/28/20280.2%
CPI Swap0.010% 12/02/20280.2%
Uber Technologies Inc4.500% 08/15/20290.2%
Ford Motor Credit Co LLC5.800% 03/08/20290.2%
HGI CRE CLO 2021-FL2 Ltd6.435% 09/17/20360.2%
GA Global Funding Trust5.500% 01/08/20290.2%
Truist Financial Corp1.267% 03/02/20270.2%
Sitio Royalties Operating Partnership LP / Sitio Finance Corp7.875% 11/01/20280.2%
LPL Holdings Inc4.000% 03/15/20290.2%
Octane Receivables Trust 2022-25.110% 02/22/20280.2%
CPI Swap0.010% 11/15/20240.2%
Range Resources Corp8.250% 01/15/20290.2%
CPI Swap0.010% 12/10/20280.2%
Wind River 2013-1 CLO Ltd6.566% 07/20/20300.2%
Connecticut Avenue Securities Trust 2024-R036.480% 03/25/20440.2%
General Motors Financial Co Inc2.750% 06/20/20250.2%
Greenko Dutch BV3.850% 03/29/20260.2%
Boeing Co/The6.298% 05/01/20290.2%
F&G Global Funding0.900% 09/20/20240.2%
Volkswagen Group of America Finance LLC5.400% 03/20/20260.2%
Sizzling Platter LLC / Sizzling Platter Finance Corp8.500% 11/28/20250.2%
Southwest Gas Corp5.800% 12/01/20270.2%
GLP Capital LP / GLP Financing II Inc5.250% 06/01/20250.2%
Aon Corp8.205% 01/01/20270.2%
Celanese US Holdings LLC6.165% 07/15/20270.2%
World Financial Network Credit Card Master Trust5.470% 02/17/20310.1%
Brighthouse Financial Global Funding5.550% 04/09/20270.1%
Interest Rate Swap3.872% 05/31/20280.1%
Aviation Capital Group LLC6.250% 04/15/20280.1%
BNP Paribas SA2.591% 01/20/20280.1%
Entegris Inc4.750% 04/15/20290.1%
BANK5 2023-5YR26.656% 07/15/20560.1%
Discover Bank4.250% 03/13/20260.1%
MEG Energy Corp7.125% 02/01/20270.1%
Glencore Funding LLC5.338% 04/04/20270.1%
Boeing Co/The2.196% 02/04/20260.1%
CNO Global Funding5.875% 06/04/20270.1%
Glencore Funding LLC5.371% 04/04/20290.1%
GM Financial Automobile Leasing Trust 2022-23.420% 06/20/20250.1%
CPI Swap0.010% 04/26/20250.1%
CPI Swap0.010% 12/02/20240.1%
General Motors Financial Co Inc5.400% 04/06/20260.1%
Freddie Mac STACR REMIC Trust 2021-HQA36.174% 09/25/20410.1%
CPI Swap0.010% 02/05/20250.1%
Bacardi Ltd / Bacardi-Martini BV5.250% 01/15/20290.1%
CNO Global Funding1.750% 10/07/20260.1%
Dell Equipment Finance Trust 2024-15.580% 03/22/20300.1%
Bank of Ireland Group PLC5.601% 03/20/20300.1%
UBS Group AG1.494% 08/10/20270.1%
CPI Swap0.010% 12/16/20360.1%
HSBC Holdings PLC5.597% 05/17/20280.1%
Veralto Corp5.350% 09/18/20280.1%
LFT CRE 2021-FL1 Ltd6.601% 06/15/20390.1%
CPI Swap0.010% 06/22/20250.1%
ACREC 2021-FL1 Ltd6.584% 10/16/20360.1%
CPI Swap0.010% 10/30/20300.1%
KREF 2021-FL2 Ltd6.501% 02/15/20390.1%
GXO Logistics Inc6.250% 05/06/20290.1%
CPI Swap0.010% 12/14/20240.1%
Intesa Sanpaolo SpA5.710% 01/15/20260.1%
Barclays PLC4.836% 05/09/20280.1%
Solventum Corp5.450% 02/25/20270.1%
Danske Bank A/S5.427% 03/01/20280.1%
CPI Swap0.010% 12/23/20310.1%
CPI Swap0.010% 05/31/20280.1%
SCF Equipment Leasing 2021-1 LLC1.370% 08/20/20290.1%
DTE Energy Co5.100% 03/01/20290.1%
FirstEnergy Pennsylvania Electric Co5.150% 03/30/20260.1%
Magnetite Xxix Ltd6.580% 01/15/20340.1%
Hyundai Capital America1.000% 09/17/20240.1%
CPI Swap0.010% 06/01/20280.1%
Glencore Funding LLC4.000% 03/27/20270.1%
KODIT Global 2024-1 Co Ltd5.357% 05/29/20270.1%
Ameren Corp5.000% 01/15/20290.1%
Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets Ltd6.500% 06/20/20270.1%
Athene Global Funding5.516% 03/25/20270.1%
Black Hills Corp5.950% 03/15/20280.1%
AIB Group PLC6.608% 09/13/20290.1%
CPI Swap0.010% 06/06/20280.1%
GA Global Funding Trust0.800% 09/13/20240.1%
CPI Swap0.010% 08/27/20280.1%
EnLink Midstream Partners LP4.150% 06/01/20250.1%
CPI Swap0.010% 02/01/20320.1%
CPI Swap0.010% 08/14/20280.1%
BNP Paribas SA5.497% 05/20/20300.1%
Banco Bilbao Vizcaya Argentaria SA5.381% 03/13/20290.1%
Honda Auto Receivables 2023-4 Owner Trust5.670% 06/21/20280.1%
Barclays PLC7.385% 11/02/20280.1%
Volkswagen Group of America Finance LLC5.700% 09/12/20260.1%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust6.450% 04/15/20270.1%
GM Financial Consumer Automobile Receivables Trust 2024-14.850% 12/18/20280.1%
Glencore Funding LLC6.125% 10/06/20280.1%
F&G Global Funding1.750% 06/30/20260.1%
CPI Swap0.010% 07/06/20280.1%
Wells Fargo & Co6.303% 10/23/20290.1%
CPI Swap0.010% 10/01/20280.1%
ABN AMRO Bank NV4.800% 04/18/20260.1%
CPI Swap0.010% 08/09/20280.1%
CPI Swap0.010% 04/26/20300.1%
CPI Swap0.010% 10/09/20280.1%
CPI Swap0.010% 05/11/20280.1%
Hyundai Capital America5.875% 04/07/20250.1%
PFS Financing Corp5.340% 04/16/20290.1%
CPI Swap0.010% 08/03/20280.1%
Warnermedia Holdings Inc3.755% 03/15/20270.1%
Generate CLO 2 Ltd6.736% 01/22/20310.1%
Pagaya AI Debt Trust 2022-12.030% 10/15/20290.1%
Starwood Mortgage Residential Trust 2021-20.943% 05/25/20650.1%
FactSet Research Systems Inc2.900% 03/01/20270.1%
Arbor Realty Commercial Real Estate Notes 2021-FL2 Ltd6.531% 05/15/20360.1%
CPI Swap0.010% 11/15/20510.1%
Crescent Energy Finance LLC9.250% 02/15/20280.1%
Clarios Global LP / Clarios US Finance Co8.500% 05/15/20270.1%
American Express Credit Account Master Trust5.240% 04/15/20310.1%
Marathon Oil Corp5.300% 04/01/20290.1%
JP Morgan Chase Commercial Mortgage Securities Trust 2018-WPT0.376% 07/05/20330.1%
CPI Swap0.010% 09/07/20370.1%
CITGO Petroleum Corp7.000% 06/15/20250.1%
Buckeye Partners LP7.329% 11/01/20260.1%
Wells Fargo & Co5.707% 04/22/20280.1%
CenterPoint Energy Inc5.400% 06/01/20290.1%
Carlyle Global Market Strategies CLO 2014-3-R Ltd6.636% 07/27/20310.1%
LSTAR Commercial Mortgage Trust 2017-54.500% 03/10/20500.1%
BMO 2023-5C2 Mortgage Trust7.055% 11/15/20560.1%
Boeing Co/The6.259% 05/01/20270.1%
BlueMountain Fuji US Clo I Ltd6.566% 07/20/20290.1%
NatWest Markets PLC5.416% 05/17/20270.1%
Jackson National Life Global Funding5.600% 04/10/20260.1%
Westlake Automobile Receivables Trust 2021-20.890% 07/15/20260.1%
Radian Group Inc6.200% 05/15/20290.1%
General Motors Financial Co Inc5.400% 05/08/20270.1%
Ford Motor Credit Co LLC5.850% 05/17/20270.1%
Blue Owl Credit Income Corp6.600% 09/15/20290.1%
HMH Trust 2017-NSS3.062% 07/05/20310.1%
Global Payments Inc2.650% 02/15/20250.1%
Hyundai Capital America2.000% 06/15/20280.1%
Duke Energy Corp4.850% 01/05/20290.1%
MF1 2021-FL7 Ltd6.514% 10/16/20360.1%
Atlassian Corp5.250% 05/15/20290.1%
PNC Financial Services Group Inc/The6.615% 10/20/20270.1%
Connecticut Avenue Securities Trust 2024-R046.324% 05/25/20440.1%
HEICO Corp5.250% 08/01/20280.1%
UBS Group AG5.428% 02/08/20300.1%
Lloyds Banking Group PLC5.462% 01/05/20280.1%
Huntington Bancshares Inc/OH4.443% 08/04/20280.1%
CPI Swap0.010% 10/15/20240.1%
Arbor Realty Commercial Real Estate Notes 2021-FL3 Ltd6.501% 08/15/20340.1%
Navient Corp6.750% 06/25/20250.1%
Petroleos Mexicanos6.875% 08/04/20260.1%
MGIC Investment Corp5.250% 08/15/20280.1%
Freddie Mac STACR REMIC Trust 2022-DNA47.524% 05/25/20420.1%
BPCE SA5.716% 01/18/20300.1%
Algonquin Power & Utilities Corp5.365% 06/15/20260.1%
General Motors Financial Co Inc5.550% 07/15/20290.1%
CEC Entertainment LLC6.750% 05/01/20260.1%
Liberty Utilities Co5.577% 01/31/20290.1%
Venture Global LNG Inc8.125% 06/01/20280.1%
CPI Swap0.010% 02/21/20310.1%
CPI Swap0.010% 12/08/20290.1%
Marlette Funding Trust 2021-31.300% 12/15/20310.1%
CPI Swap0.010% 10/04/20250.1%
HONO 2021-LULU Mortgage Trust6.581% 10/15/20360.1%
CPI Swap0.010% 10/25/20320.1%
Boeing Co/The3.200% 03/01/20290.1%
RGA Global Funding5.448% 05/24/20290.1%
CPI Swap0.010% 12/29/20270.1%
Citizens Financial Group Inc5.841% 01/23/20300.1%
Rakuten Group Inc11.250% 02/15/20270.1%
Element Fleet Management Corp5.643% 03/13/20270.1%
Pacific Gas and Electric Co5.550% 05/15/20290.1%
Altice France SA8.125% 02/01/20270.1%
Solvay Finance America LLC5.650% 06/04/20290.1%
HCA Inc5.375% 02/01/20250.1%
Standard Chartered PLC5.688% 05/14/20280.1%
Avolon Holdings Funding Ltd5.750% 11/15/20290.1%
Galaxy XIX CLO Ltd6.535% 07/24/20300.1%
CPI Swap0.010% 04/17/20260.1%
BAE Systems PLC5.000% 03/26/20270.1%
Bayer US Finance LLC6.125% 11/21/20260.1%
Hyundai Capital America5.300% 01/08/20290.1%
F&G Annuities & Life Inc6.500% 06/04/20290.1%
Royal Caribbean Cruises Ltd8.250% 01/15/20290.1%
Danske Bank A/S1.621% 09/11/20260.1%
Truist Financial Corp5.435% 01/24/20300.1%
Comision Federal de Electricidad4.688% 05/15/20290.1%
CPI Swap0.010% 04/05/20290.1%
CPI Swap0.010% 03/10/20320.1%
CPI Swap0.010% 03/28/20290.1%
Nexstar Media Inc5.625% 07/15/20270.1%
CaixaBank SA5.673% 03/15/20300.1%
BlueMountain CLO 2013-2 Ltd6.766% 10/22/20300.1%
Icon Investments Six DAC5.849% 05/08/20290.1%
Enbridge Inc5.300% 04/05/20290.1%
Coterra Energy Inc4.375% 03/15/20290.1%
Qorvo Inc1.750% 12/15/20240.1%
CPI Swap0.010% 12/13/20310.1%
CPI Swap0.010% 02/12/20330.1%
JPMorgan Chase & Co3.782% 02/01/20280.1%
NatWest Group PLC4.892% 05/18/20290.1%
UBS Group AG2.193% 06/05/20260.1%
Met Tower Global Funding5.250% 04/12/20290.1%
Anchorage Capital CLO 3-R Ltd6.636% 01/28/20310.1%
Icon Investments Six DAC5.809% 05/08/20270.1%
Kinder Morgan Inc5.000% 02/01/20290.1%
Aon North America Inc5.150% 03/01/20290.1%
Coca-Cola Consolidated Inc5.250% 06/01/20290.1%
Exeter Automobile Receivables Trust 2024-35.980% 09/16/20300.1%
CPI Swap0.010% 05/21/20280.1%
Western Midstream Operating LP6.350% 01/15/20290.1%
Civitas Resources Inc8.375% 07/01/20280.1%
Danske Bank A/S5.705% 03/01/20300.1%
Engie SA5.250% 04/10/20290.1%
JP Morgan Chase Commercial Mortgage Securities Trust 2018-PTC6.814% 04/15/20310.1%
Nuveen LLC5.550% 01/15/20300.1%
Penske Truck Leasing Co Lp / PTL Finance Corp5.350% 03/30/20290.1%
BAE Systems PLC5.125% 03/26/20290.1%
US Bancorp5.384% 01/23/20300.1%
BNP Paribas SA2.219% 06/09/20260.1%
HMH Trust 2017-NSS3.343% 07/05/20310.0%
TCI-Flatiron Clo 2018-1 Ltd6.646% 01/29/20320.0%
BNP Paribas SA4.375% 05/12/20260.0%
AEP Texas Inc5.450% 05/15/20290.0%
TICP CLO IX Ltd6.726% 01/20/20310.0%
Calpine Corp5.250% 06/01/20260.0%
Rolls-Royce PLC5.750% 10/15/20270.0%
One New York Plaza Trust 2020-1NYP6.381% 01/15/20360.0%
Warnermedia Holdings Inc4.054% 03/15/20290.0%
GATX Corp5.400% 03/15/20270.0%
Anglo American Capital PLC4.500% 03/15/20280.0%
Macquarie Group Ltd1.340% 01/12/20270.0%
Affirm Asset Securitization Trust 2022-X11.750% 02/15/20270.0%
Verus Securitization Trust 2021-R20.918% 02/25/20640.0%
Navient Private Education Refi Loan Trust 2020-F1.220% 07/15/20690.0%
Penske Truck Leasing Co Lp / PTL Finance Corp3.400% 11/15/20260.0%
Diamondback Energy Inc5.150% 01/30/20300.0%
Ryder System Inc5.500% 06/01/20290.0%
NatWest Group PLC5.583% 03/01/20280.0%
OGE Energy Corp5.450% 05/15/20290.0%
Bread Financial Holdings Inc7.000% 01/15/20260.0%
NMI Holdings Inc6.000% 08/15/20290.0%
Las Vegas Sands Corp5.900% 06/01/20270.0%
Diamondback Energy Inc5.200% 04/18/20270.0%
LPL Holdings Inc5.700% 05/20/20270.0%
Aviation Capital Group LLC1.950% 01/30/20260.0%
LG Electronics Inc5.625% 04/24/20270.0%
Foundry JV Holdco LLC5.900% 01/25/20300.0%
Genesis Energy LP / Genesis Energy Finance Corp8.000% 01/15/20270.0%
Tyson Foods Inc5.400% 03/15/20290.0%
JP Morgan Chase Commercial Mortgage Securities Trust 2018-PTC7.514% 04/15/20310.0%
HMH Trust 2017-NSS3.787% 07/05/20310.0%
Genpact Luxembourg SARL/Genpact USA Inc6.000% 06/04/20290.0%
GS Mortgage Securities Corp Trust 2017-GPTX3.104% 05/10/20340.0%
Octagon Investment Partners XIV Ltd6.540% 07/15/20290.0%
Rolls-Royce PLC3.625% 10/14/20250.0%
AGCO Corp5.450% 03/21/20270.0%
CPI Swap0.010% 09/19/20280.0%
SCF Equipment Leasing 2021-1 LLC0.830% 08/21/20280.0%
Boeing Co/The2.250% 06/15/20260.0%
Mauser Packaging Solutions Holding Co7.875% 04/15/20270.0%
Fannie Mae Pool7.687% 12/01/20450.0%
British Airways 2013-1 Class A Pass Through Trust4.625% 12/20/20250.0%
Colombia Government International Bond3.875% 04/25/20270.0%
GS Mortgage Securities Corp Trust 2021-ROSS11.331% 05/15/20260.0%
Anglo American Capital PLC3.875% 03/16/20290.0%
DBJPM 2016-C3 Mortgage Trust1.406% 08/10/20490.0%
JP Morgan Chase Commercial Mortgage Securities Trust 2018-PTC7.914% 04/15/20310.0%
Fannie Mae Pool6.297% 03/01/20420.0%
LSTAR Commercial Mortgage Trust 2016-40.654% 03/10/20490.0%
HMH Trust 2017-NSS4.723% 07/05/20310.0%
CSMC 2014-USA OA LLC0.540% 09/15/20370.0%
JPMCC Commercial Mortgage Securities Trust 2017-JP70.973% 09/15/20500.0%
CPI Swap0.010% 11/30/20310.0%
Freddie Mac Non Gold Pool5.890% 11/01/20430.0%
Wells Fargo Commercial Mortgage Trust 2016-LC240.974% 10/15/20490.0%
Carvana Auto Receivables Trust 2021-N10.700% 01/10/20280.0%
DBWF Mortgage Trust2.998% 06/10/20340.0%
Credit Acceptance Auto Loan Trust 2021-31.000% 05/15/20300.0%
CSMC Trust 2016-NXSR0.173% 12/15/20490.0%
Angel Oak Mortgage Trust 2020-61.261% 05/25/20650.0%
CPI Swap0.010% 12/07/20310.0%
BBCMS Trust 2015-VFM2.466% 03/10/20360.0%
Government National Mortgage Association3.000% 01/16/20480.0%
EQM Midstream Partners LP7.500% 06/01/20270.0%
New Residential Mortgage Loan Trust 2020-NQM12.464% 01/26/20600.0%
Morgan Stanley Bank of America Merrill Lynch Trust 2016-C311.262% 11/15/20490.0%
Freddie Mac Non Gold Pool6.101% 02/01/20380.0%
Credit Index Swap1.000% 12/20/20280.0%
Morgan Stanley Capital I Trust 2016-UB111.435% 08/15/20490.0%
CPI Swap0.010% 05/08/20260.0%
MSCG Trust 2015-ALDR2.612% 06/07/20350.0%
BWAY 2013-1515 Mortgage Trust0.403% 03/10/20330.0%
DBWF 2016-85T Mortgage Trust0.014% 12/10/20360.0%
Angel Oak Mortgage Trust 2020-12.466% 12/25/20590.0%
Exeter Automobile Receivables Trust 2021-10.980% 06/15/20260.0%
Verus Securitization Trust 2020-13.417% 01/25/20600.0%
CSAIL 2016-C7 Commercial Mortgage Trust0.927% 11/15/20490.0%
Csail 2015-C2 Commercial Mortgage Trust0.000% 06/15/20570.0%
Fannie Mae Pool5.789% 10/01/20350.0%
Octane Receivables Trust 2021-10.930% 03/22/20270.0%
J.P. Morgan Chase Commercial Mortgage Securities Trust 2018-AON0.485% 07/05/20310.0%
Freddie Mac Multifamily Structured Pass Through Certificates0.149% 11/25/20260.0%
Freddie Mac Non Gold Pool6.219% 09/01/20360.0%
CFCRE Commercial Mortgage Trust 2016-C61.073% 11/10/20490.0%
Freddie Mac Non Gold Pool6.207% 02/01/20370.0%
Atalaya Equipment Leasing Trust 21-11.230% 05/15/20260.0%
Fannie Mae Pool6.420% 06/01/20380.0%
CFCRE Commercial Mortgage Trust 2016-C70.637% 12/10/20540.0%
Fannie Mae Pool6.076% 12/01/20400.0%
Wells Fargo Commercial Mortgage Trust 2016-BNK11.709% 08/15/20490.0%
Fannie Mae Pool7.581% 12/01/20450.0%
Freddie Mac Non Gold Pool6.089% 12/01/20360.0%
Fannie Mae Pool6.165% 09/01/20380.0%
JP Morgan Chase Commercial Mortgage Securities Trust 2016-JP40.572% 12/15/20490.0%
Fannie Mae Pool5.990% 03/01/20390.0%
OneMain Financial Issuance Trust 2018-23.570% 03/14/20330.0%
Residential Mortgage Loan Trust 2020-12.376% 01/26/20600.0%
Fannie Mae Pool6.527% 01/01/20380.0%
Wells Fargo Commercial Mortgage Trust 2015-C290.014% 06/15/20480.0%
Fannie Mae Pool7.516% 10/01/20450.0%
Fannie Mae Pool6.061% 12/01/20400.0%
Fannie Mae Pool6.168% 04/01/20400.0%
Starwood Mortgage Residential Trust 2020-12.275% 02/25/20500.0%
Morgan Stanley Bank of America Merrill Lynch Trust 2015-C230.539% 07/15/20500.0%
CFCRE Commercial Mortgage Trust 2016-C41.598% 05/10/20580.0%
Freddie Mac Non Gold Pool6.103% 04/01/20370.0%
Fannie Mae Pool6.738% 12/01/20380.0%
Freddie Mac Non Gold Pool6.080% 05/01/20360.0%
CD 2016-CD1 Mortgage Trust1.345% 08/10/20490.0%
WFRBS Commercial Mortgage Trust 2014-C210.628% 08/15/20470.0%
Wells Fargo Commercial Mortgage Trust 2015-C290.583% 06/15/20480.0%
Government National Mortgage Association2.900% 10/16/20550.0%
Citigroup Commercial Mortgage Trust 2015-GC310.324% 06/10/20480.0%
Freddie Mac Non Gold Pool6.077% 10/01/20380.0%
JP Morgan Chase Commercial Mortgage Securities Trust 2014-DSTY0.376% 06/10/20270.0%
Crowdstrike Holdings Inc3.000% 02/15/20290.0%
Fannie Mae Pool6.062% 10/01/20400.0%
Interest Rate Swap0.173% 10/21/20250.0%
LSTAR Commercial Mortgage Trust 2016-41.677% 03/10/20490.0%
Fannie Mae Pool5.970% 08/01/20380.0%
GS Mortgage Securities Trust 2015-GS10.753% 11/10/20480.0%
J.P. Morgan Chase Commercial Mortgage Securities Trust 2018-AON0.154% 07/05/20310.0%
JPMBB Commercial Mortgage Securities Trust 2015-C290.539% 05/15/20480.0%
Fannie Mae Pool6.258% 08/01/20370.0%
Fannie Mae Pool6.357% 03/01/20380.0%
JPMBB Commercial Mortgage Securities Trust 2014-C240.813% 11/15/20470.0%
JP Morgan Chase Commercial Mortgage Securities Trust 2014-DSTY0.034% 06/10/20270.0%
DBWF Mortgage Trust0.423% 06/10/20340.0%
COMM 2012-CCRE4 Mortgage Trust1.144% 10/15/20450.0%
Citigroup Commercial Mortgage Trust 2014-GC230.163% 07/10/20470.0%
JP Morgan Chase Commercial Mortgage Securities Trust 2013-LC110.942% 04/15/20460.0%
Government National Mortgage Association0.168% 01/16/20550.0%
OGX Austria GmbH8.500% 06/01/20180.0%
Interest Rate Swap5.345% 10/21/20250.0%
CPI Swap0.010% 10/28/20270.0%
US 10yr Ultra Fut Sep240.000% 09/30/20240.0%
US 5YR NOTE (CBT) Sep240.000% 10/03/20240.0%
US 2YR NOTE (CBT) Sep240.000% 10/03/20240.0%
US ULTRA BOND CBT Sep240.000% 09/30/20240.0%
CPI Swap0.010% 03/30/20320.0%
Interest Rate Swap5.348% 03/07/20250.0%
Interest Rate Swap5.341% 09/28/20250.0%
CPI Swap0.010% 03/22/2032-0.1%
CPI Swap0.010% 03/09/2052-0.1%
Interest Rate Swap5.310% 03/31/2026-0.1%
CPI Swap0.010% 03/31/2026-0.1%
CPI Swap0.010% 02/15/2033-0.1%
CPI Swap0.010% 01/16/2038-0.1%
CPI Swap0.010% 12/08/2024-0.2%
CPI Swap0.010% 10/01/2025-0.3%

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

Dividend Payments

For
YTD Dividends Paidas of 07/26/2024
$0.24245
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 06/30/2024 $0.04341 $11.59
Daily Daily 05/31/2024 $0.04050 $11.58
Daily Daily 04/30/2024 $0.04129 $11.50
Daily Daily 03/31/2024 $0.04006 $11.56
Daily Daily 02/29/2024 $0.03721 $11.51
Daily Daily 01/31/2024 $0.03999 $11.56

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 07/31/2024
Daily Daily 08/31/2024
Daily Daily 09/30/2024
Daily Daily 10/31/2024
Daily Daily 11/30/2024
Daily Daily 12/31/2024

Fees & Expenses

Fees & Expenses

Sales Charge Schedule as of 07/26/2024

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $100,000 2.25% 2.00% $11.86
$100,000 to $249,999 1.75% 1.50% $11.80
$250,000 to $499,999 1.25% 1.00% $11.74
Greater than $500,000 0.00% 1.00% $11.59

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 06/30/2024

Fund Gross Expense Ratio 0.73%
Fund Net Expense Ratio 0.73%
Adjusted Expense Ratio -

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: Although the Fund invests in inflation-linked investments, there is no guarantee that the Fund will generate returns that exceed the rate of inflation in the U.S. over time. During periods of deflation or when inflation is lower than anticipated, the Fund is likely to underperform funds that hold fixed income securities similar to those held by the Fund but do not hold inflation-linked investments. The Fund may invest substantially in inflation-linked derivatives and other types of derivatives and is exposed to the risk that the value of a derivative instrument does not move in correlation to the value of an underlying securities, market index or interest rate, or moves in an opposite direction than anticipated by the Fund. Investing in derivatives also involves greater liquidity, leverage, and counterparty risk. Because derivatives may involve a small amount of cash relative to the total amount of the transaction, the magnitude of losses from derivatives may be greater than the amount originally invested by the Fund. In addition, the Fund must also be able to correctly forecast market movements and other factors to be successful with its derivatives investments. The Fund is subject to the general risks associated with investing in fixed income securities, including market, credit, liquidity, and interest rate risk. These factors can affect the Fund’s performance.  

 

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

 

 

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

 

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

Class A Shares purchased subject to a front-end sales charge have no contingent deferred sales charge (CDSC). However, certain purchases of Class A shares made without a front-end sales charge may be subject to a CDSC of 1% if the shares are redeemed before the first day of the month in which the one year anniversary of the purchase falls. The CDSC is not reflected in the performance with maximum sales charge.

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

 

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

 

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

 

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

 

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.

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