LSYQX | Short Duration High Yield Fund Class R3 | Lord Abbett
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    Short Duration High Yield Fund

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    Daily price w/o sales charge as of 05/02/2025

    $9.52

    arrowUp$0.01

    YTD Returns w/o sales charge as of 05/02/2025

    -0.98%

    Click here to view all legal text including risk information

    Summary

    Summary

    What is the Short Duration High Yield Fund?

    The Fund’s investment objective is to seek a high current income and the opportunity for capital appreciation to produce a high total return.

    Yield

    Average Yield to Maturity as of 03/31/2025

    		8.84%

    Distribution Yield as of 05/02/2025  

    		8.16%

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

      Subsidized2 Un-Subsidized3
    w/o sales charge 7.14% 7.10%

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

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

    Fund Basicsas of 03/31/2025

    Total Net Assets
    $8.45 B
    Inception Date
    05/01/2020
    Dividend Frequency
    Monthly
    Fund Gross Expense Ratio
    1.01%
    Fund Net Expense Ratio
    0.95%
    Number of Holdings
    694

    Fund Expense Ratio :

    Gross 1.01%

    Net 0.95%

    YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/30/2020
    YTD
    1-YR
    3-YR
    5-YR
    10-YR
    Since Inception 04/30/2020
    w/o sales charge -1.24% 5.74% 5.59% 6.17% -10000.0% 6.18%
    Lipper Category Avg. Short High Yield Funds -10000.0% -10000.0% -10000.0% -10000.0% -10000.0% -10000.0%
    ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD Index 1.10% 7.45% 6.10% 6.42% -10000.0% 6.42%
    w/ sales charge -1.24% 5.74% 5.59% 6.17% -10000.0% 6.18%

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

    Fund Expense Ratio :

    Gross 1.01%

    Net 0.95%

    Fund Expense Ratio :

    Gross 1.01%

    Net 0.95%

    YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/30/2020
    YTD
    1-YR
    3-YR
    5-YR
    10-YR
    Since Inception 04/30/2020
    w/o sales charge 0.16% 6.86% 5.35% -10000.0% -10000.0% 6.59%
    Lipper Category Avg. Short High Yield Funds 0.77% 6.46% 4.80% -10000.0% -10000.0% -10000.0%
    ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD Index 1.07% 6.84% 5.41% -10000.0% -10000.0% 6.52%

    Fund Expense Ratio :

    Gross 1.01%

    Net 0.95%

    Past performance is not a reliable indicator or guarantee of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. 

    INVESTMENT TEAM

    Steven F. Rocco
    Steven F. Rocco, CFA

    Partner & Co-Head of Taxable Fixed Income

    24 Years of Industry Experience

    Christopher Gizzo
    Christopher Gizzo, CFA

    Partner, Deputy Director of Leveraged Credit

    17 Years of Industry Experience

    Supported By 88 Investment Professionals with 18 Years Avg. Industry Experience

    Contact a Representative

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

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    Performance

    Performance

    Average Yield to Maturity as of 03/31/2025

    8.84%

    Distribution Yield as of 05/02/2025  

    8.16%

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

      Subsidized2 Un-Subsidized3
    w/o sales charge 7.14% 7.10%

    Fund Expense Ratio :

    Gross 1.01%

    Net 0.95%

    YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/30/2020
    YTD
    1-YR
    3-YR
    5-YR
    10-YR
    Since Inception 04/30/2020
    w/o sales charge -1.24% 5.74% 5.59% 6.17% -10000.0% 6.18%
    Lipper Category Avg. Short High Yield Funds -10000.0% -10000.0% -10000.0% -10000.0% -10000.0% -10000.0%
    ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD Index 1.10% 7.45% 6.10% 6.42% -10000.0% 6.42%
    w/ sales charge -1.24% 5.74% 5.59% 6.17% -10000.0% 6.18%

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

    Fund Expense Ratio :

    Gross 1.01%

    Net 0.95%

    Fund Expense Ratio :

    Gross 1.01%

    Net 0.95%

    YTD 1-YR 3-YR 5-YR 10-YR Since Inception 04/30/2020
    YTD
    1-YR
    3-YR
    5-YR
    10-YR
    Since Inception 04/30/2020
    w/o sales charge 0.16% 6.86% 5.35% -10000.0% -10000.0% 6.59%
    Lipper Category Avg. Short High Yield Funds 0.77% 6.46% 4.80% -10000.0% -10000.0% -10000.0%
    ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD Index 1.07% 6.84% 5.41% -10000.0% -10000.0% 6.52%

    Fund Expense Ratio :

    Gross 1.01%

    Net 0.95%

    Past performance is not a reliable indicator or guarantee of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. 

    Year Fund Returns ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD Index
    Year
    Fund Returns
    ICE BofA HY US Corp Cash Pay BB-B 1-5Yrs USD Index
    2024 8.83% 7.21%
    2023 11.68% 11.66%
    2022 -6.04% -5.39%
    2021 5.24% 4.87%
    Year Q1 Q2 Q3 Q4
    Year
    Q1
    Q2
    Q3
    Q4
    2025 0.16% -10000.0% -10000.0% -10000.0%
    2024 2.01% 1.50% 4.05% 1.02%
    2023 2.58% 2.00% 1.19% 5.48%
    2022 -2.17% -7.75% 0.41% 3.69%
    2021 1.87% 1.94% 0.64% 0.69%

    NAV Historical Prices

    Date Net Asset Value

    Portfolio

    Portfolio

    Rating Assets
    High Yield Corporate
    Bank Loans
    Investment Grade Corporate
    Convertible Bonds
    MBS
    CMBS
    Sovereign
    ABS
    U.S. Government Related
    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 03/31/2025

    Rating Assets
    Treasury
    Agency
    AAA
    A
    BBB
    BB
    B
    CCC
    <CCC
    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 12/31/2024

    • We continue to focus on investments with higher carry. With high yield spreads south of 300 basis points, and the direction of interest rates still largely uncertain, we continue to target investments that offer higher levels of carry. We added to several positions over the month, specifically in lower-rated CCCs, as economic data continued to be resilient. Within this rating cohort, however, we have prioritized more idiosyncratic risk opportunities as opposed to adding broader risk exposure. To fund these purchases, we reduced allocations to longer-duration BBs and Single Bs that we viewed as offering limited relative value.

    • The Fund’s sector exposure remains balanced. The Fund is overweight the Energy and Transportation sectors, which finished the quarter as the top sector overweights. In Energy, we are constructive in the sector given resilient economic growth with potential for higher inflation and commodity prices. As for Transportation, we favor airline and air travel companies where fundamentals continue to be strong. However, we reduced the Fund’s overweight in Basic Industry, specifically in Chemicals, Metals and Mining which carry exposure to weaker economies to Europe and China as well as Building Materials given their sensitivity towards higher rates. The Fund’s top sector underweights remained Media, where companies have excessive levels of leverage, and Consumer Goods and Services, which is driven by relative valuations.

    • We increased floating rate exposure within the Fund. We generally believe that select exposures to non-high yield sectors can offer attractive risk-reward opportunities, potential portfolio diversification benefits, and avenues for liquidity. The Fund has the flexibility to toggle allocations to off-benchmark asset classes, such as bank loans and convertible bonds. As bond yields moved higher over the quarter, we added floating rate exposure to the Fund, specifically through bank loans, given their lower sensitivity to interest rate sensitivity relative to high yield.

    • We remain constructive on short duration high yield credit amid a supportive macroeconomic environment and strong issuer fundamentals. We remain optimistic about the potential for high yield credit to deliver solid returns in 2025. Notably, spread valuations continue to be close to historic tights, but our view is that these valuation levels are supported given the current fundamental strength and higher-quality ratings mix among high yield issuers. Additionally, a supportive macroeconomic environment in the U.S., and accommodative financial conditions should help translate into lower issuer defaults in the year ahead. A high starting yield and lower expected default environment in 2025 should bode well for the asset class, which can be a strategic allocation for investors looking for income. Key risk factors to watch remain a resurgence of inflation that upends the narrative accommodative monetary policy, a pivot by issuers to more non-credit-friendly uses of debt finance, and a macro or policy driven spike of interest rate volatility that would leave investors flipping to defensive with less focus on credit. We look to be dynamic with our positioning in the Fund given this potential for increased market fluctuations.

    PORTFOLIO DETAILS as of 03/31/2025

    Total Net Assets
    $8.45 B
    Average Effective Duration
    2.25 Years
    Average Maturity
    2.96 Years
    Number of Issues
    694
    Average Yield to Maturity
    8.84%

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

    Holding Coupon Maturity Assets
    Holding
    Coupon
    Maturity
    Assets
    OneMain Finance Corp 6.625% 01/15/2028 0.6%
    VistaJet Malta Finance PLC / Vista Management Holding Inc 9.500% 06/01/2028 0.6%
    PetSmart Inc / PetSmart Finance Corp 7.750% 02/15/2029 0.5%
    Novelis Inc 6.875% 01/30/2030 0.5%
    Buckeye Partners LP 6.750% 02/01/2030 0.5%
    Venture Global LNG Inc 8.125% 06/01/2028 0.5%
    Rakuten Group Inc 9.750% 04/15/2029 0.5%
    Sirius XM Radio LLC 3.125% 09/01/2026 0.5%
    AMC Networks Inc 4.250% 02/15/2029 0.5%
    Borr IHC Ltd / Borr Finance LLC 10.000% 11/15/2028 0.5%
    % of Total Assets 5.2%
    Holding Coupon Maturity Assets
    Holding
    Coupon
    Maturity
    Assets
    OneMain Finance Corp6.625% 01/15/20280.6%
    VistaJet Malta Finance PLC / Vista Management Holding Inc9.500% 06/01/20280.6%
    PetSmart Inc / PetSmart Finance Corp7.750% 02/15/20290.5%
    Novelis Inc6.875% 01/30/20300.5%
    Buckeye Partners LP6.750% 02/01/20300.5%
    Venture Global LNG Inc8.125% 06/01/20280.5%
    Rakuten Group Inc9.750% 04/15/20290.5%
    Sirius XM Radio LLC3.125% 09/01/20260.5%
    AMC Networks Inc4.250% 02/15/20290.5%
    Borr IHC Ltd / Borr Finance LLC10.000% 11/15/20280.5%
    Sotheby's7.375% 10/15/20270.5%
    EquipmentShare.com Inc9.000% 05/15/20280.4%
    Husky Injection Molding Systems Ltd / Titan Co-Borrower LLC9.000% 02/15/20290.4%
    Univision Communications Inc8.000% 08/15/20280.4%
    CCO Holdings LLC / CCO Holdings Capital Corp5.125% 05/01/20270.4%
    Hudbay Minerals Inc4.500% 04/01/20260.4%
    Smyrna Ready Mix Concrete LLC6.000% 11/01/20280.4%
    California Resources Corp8.250% 06/15/20290.4%
    McGraw-Hill Education Inc5.750% 08/01/20280.4%
    Hecla Mining Co7.250% 02/15/20280.4%
    Saks Global Enterprises LLC11.000% 12/15/20290.4%
    Kraken Oil & Gas Partners LLC7.625% 08/15/20290.4%
    GrubHub Holdings Inc5.500% 07/01/20270.4%
    Jefferies Finance LLC / JFIN Co-Issuer Corp5.000% 08/15/20280.4%
    USA Compression Partners LP / USA Compression Finance Corp6.875% 09/01/20270.4%
    Wildfire Intermediate Holdings LLC7.500% 10/15/20290.4%
    RR Donnelley & Sons Co9.500% 08/01/20290.4%
    CVR Partners LP / CVR Nitrogen Finance Corp6.125% 06/15/20280.4%
    Carnival Corp5.750% 03/01/20270.4%
    Olympus Water US Holding Corp9.750% 11/15/20280.4%
    Unisys Corp6.875% 11/01/20270.4%
    Kimmeridge Texas Gas LLC8.500% 02/15/20300.4%
    Benteler International AG10.500% 05/15/20280.4%
    NESCO Holdings II Inc5.500% 04/15/20290.4%
    Hilcorp Energy I LP / Hilcorp Finance Co6.250% 11/01/20280.4%
    TORONTO DOMINION BANK THE4.310% 04/01/20250.4%
    Dexko Global Inc8.052% 10/04/20280.4%
    Saturn Oil & Gas Inc9.625% 06/15/20290.4%
    Brandywine Operating Partnership LP8.875% 04/12/20290.4%
    Cerdia Finanz GmbH9.375% 10/03/20310.4%
    30-YR GNMA II-TBA PROD APR6.500% 05/01/20540.4%
    Freedom Mortgage Corp12.000% 10/01/20280.4%
    Gray Media Inc7.000% 05/15/20270.4%
    Rain Carbon Inc12.250% 09/01/20290.3%
    Vital Energy Inc7.750% 07/31/20290.3%
    Maxim Crane Works Holdings Capital LLC11.500% 09/01/20280.3%
    Valaris Ltd8.375% 04/30/20300.3%
    Global Marine Inc7.000% 06/01/20280.3%
    Comstock Resources Inc6.750% 03/01/20290.3%
    Cloud Software Group Inc6.500% 03/31/20290.3%
    Coronado Finance Pty Ltd9.250% 10/01/20290.3%
    Victra Holdings LLC / Victra Finance Corp8.750% 09/15/20290.3%
    Central Parent Inc / CDK Global Inc7.250% 06/15/20290.3%
    Sitio Royalties Operating Partnership LP / Sitio Finance Corp7.875% 11/01/20280.3%
    Tenet Healthcare Corp6.250% 02/01/20270.3%
    Alumina Pty Ltd6.125% 03/15/20300.3%
    X Corp10.922% 10/29/20290.3%
    GGAM Finance Ltd8.000% 02/15/20270.3%
    Heartland Dental LLC / Heartland Dental Finance Corp10.500% 04/30/20280.3%
    Venture Global LNG Inc9.500% 02/01/20290.3%
    LFS Topco LLC5.875% 10/15/20260.3%
    Full House Resorts Inc8.250% 02/15/20280.3%
    Frontier Communications Holdings LLC5.000% 05/01/20280.3%
    Brand Industrial Services Inc10.375% 08/01/20300.3%
    Talos Production Inc9.000% 02/01/20290.3%
    Midcap Financial Issuer Trust6.500% 05/01/20280.3%
    Delek Logistics Partners LP / Delek Logistics Finance Corp7.125% 06/01/20280.3%
    Howard Midstream Energy Partners LLC8.875% 07/15/20280.3%
    Seaspan Corp5.500% 08/01/20290.3%
    Starwood Property Trust Inc7.250% 04/01/20290.3%
    Noble Finance II LLC8.000% 04/15/20300.3%
    WASH Multifamily Acquisition Inc5.750% 04/15/20260.3%
    Rand Parent LLC8.500% 02/15/20300.3%
    Victoria's Secret & Co4.625% 07/15/20290.3%
    Alta Equipment Group Inc9.000% 06/01/20290.3%
    Axon Enterprise Inc6.125% 03/15/20300.3%
    CPM Holdings Inc8.827% 09/28/20280.3%
    Trulieve Cannabis Corp8.000% 10/06/20260.3%
    Light & Wonder International Inc7.000% 05/15/20280.3%
    Alliance Resource Operating Partners LP / Alliance Resource Finance Corp8.625% 06/15/20290.3%
    Griffon Corp5.750% 03/01/20280.3%
    Spin Holdco Inc8.317% 03/06/20280.3%
    Crescent Energy Finance LLC9.250% 02/15/20280.3%
    CHS/Community Health Systems Inc5.625% 03/15/20270.3%
    Frontier Communications Holdings LLC6.750% 05/01/20290.3%
    Viking Cruises Ltd5.875% 09/15/20270.3%
    Macquarie Airfinance Holdings Ltd8.375% 05/01/20280.3%
    Encino Acquisition Partners Holdings LLC8.750% 05/01/20310.3%
    SunCoke Energy Inc4.875% 06/30/20290.3%
    Bausch Health Cos Inc11.000% 09/30/20280.3%
    LSB Industries Inc6.250% 10/15/20280.3%
    Transocean Inc8.250% 05/15/20290.3%
    American Airlines Inc7.250% 02/15/20280.3%
    Aston Martin Capital Holdings Ltd10.000% 03/31/20290.3%
    Cushman & Wakefield US Borrower LLC6.750% 05/15/20280.3%
    Directv Financing LLC / Directv Financing Co-Obligor Inc5.875% 08/15/20270.3%
    Brightline East LLC11.000% 01/31/20300.3%
    Advantage Sales & Marketing Inc6.500% 11/15/20280.3%
    AmeriTex HoldCo Intermediate LLC10.250% 10/15/20280.3%
    Harvest Midstream I LP7.500% 09/01/20280.3%
    Sabre GLBL Inc8.625% 06/01/20270.3%
    Deuce Finco Plc5.500% 06/15/20270.3%
    Aris Water Holdings LLC7.250% 04/01/20300.3%
    CITGO Petroleum Corp8.375% 01/15/20290.3%
    MGM Resorts International5.500% 04/15/20270.3%
    Curaleaf Holdings Inc8.000% 12/15/20260.3%
    Lumen Technologies Inc6.784% 04/16/20290.3%
    Performance Food Group Inc5.500% 10/15/20270.3%
    CPI CG Inc10.000% 07/15/20290.3%
    West China Cement Ltd4.950% 07/08/20260.3%
    Univision Communications Inc6.625% 06/01/20270.3%
    30-YR UMBS-TBA PROD MAY6.500% 02/01/20540.3%
    Ally Financial Inc4.700% 08/15/21730.3%
    CoreCivic Inc8.250% 04/15/20290.3%
    Nationstar Mortgage Holdings Inc5.000% 02/01/20260.3%
    CommScope LLC8.250% 03/01/20270.3%
    ROCK Trust 2024-CNTR8.819% 11/13/20410.3%
    JELD-WEN Inc4.875% 12/15/20270.3%
    CSN Inova Ventures6.750% 01/28/20280.2%
    CEC Entertainment LLC6.750% 05/01/20260.2%
    ContourGlobal Power Holdings SA6.750% 02/28/20300.2%
    Stonegate Pub Co Financing 2019 PLC10.750% 07/31/20290.2%
    Fortress Transportation and Infrastructure Investors LLC5.500% 05/01/20280.2%
    Civitas Resources Inc8.375% 07/01/20280.2%
    RAC Bond Co PLC5.250% 11/04/20270.2%
    UBS Group AG7.000% 08/10/21730.2%
    Landsea Homes Corp8.875% 04/01/20290.2%
    Avation Capital SA8.250% 10/31/20260.2%
    Inter Media and Communication SpA6.750% 02/09/20270.2%
    Shelf Drilling Holdings Ltd9.625% 04/15/20290.2%
    CCO Holdings LLC / CCO Holdings Capital Corp5.500% 05/01/20260.2%
    Mercer International Inc12.875% 10/01/20280.2%
    Global Auto Holdings Ltd/AAG FH UK Ltd8.375% 01/15/20290.2%
    Vistra Corp7.000% 06/15/21730.2%
    Danske Bank A/S4.375% 11/18/21730.2%
    Herens US Holdco Corp8.223% 07/03/20280.2%
    Hunt Cos Inc5.250% 04/15/20290.2%
    Nexstar Media Inc5.625% 07/15/20270.2%
    PBF Holding Co LLC / PBF Finance Corp6.000% 02/15/20280.2%
    Conair Holdings LLC8.184% 05/17/20280.2%
    Castlelake Aviation Finance DAC5.000% 04/15/20270.2%
    PHH Escrow Issuer LLC/PHH Corp9.875% 11/01/20290.2%
    Outfront Media Capital LLC / Outfront Media Capital Corp5.000% 08/15/20270.2%
    Champions Financing Inc9.053% 02/23/20290.2%
    Cheplapharm Arzneimittel GmbH5.500% 01/15/20280.2%
    Virgin Media Vendor Financing Notes IV DAC5.000% 07/15/20280.2%
    Freedom Mortgage Corp12.250% 10/01/20300.2%
    gategroup Finance Luxembourg SA3.000% 02/28/20270.2%
    Fortiva Retail Prime Master Note Business Trust6.600% 09/17/20290.2%
    Global Auto Holdings Ltd/AAG FH UK Ltd11.500% 08/15/20290.2%
    Hughes Satellite Systems Corp6.625% 08/01/20260.2%
    SM Energy Co6.625% 01/15/20270.2%
    Valley National Bancorp3.000% 06/15/20310.2%
    AG Issuer LLC6.250% 03/01/20280.2%
    30-YR UMBS-TBA PROD APR6.500% 02/01/20540.2%
    Torrid LLC10.050% 06/14/20280.2%
    Bausch + Lomb Corp8.375% 10/01/20280.2%
    Coinbase Global Inc3.375% 10/01/20280.2%
    INEOS Quattro Finance 2 Plc9.625% 03/15/20290.2%
    Prime Security Services Borrower LLC / Prime Finance Inc6.250% 01/15/20280.2%
    ATS Corp4.125% 12/15/20280.2%
    SierraCol Energy Andina LLC6.000% 06/15/20280.2%
    SM Energy Co6.750% 08/01/20290.2%
    Market Bidco Finco PLC5.500% 11/04/20270.2%
    Ivanhoe Mines Ltd7.875% 01/23/20300.2%
    United PF Holdings LLC8.559% 12/30/20260.2%
    Wabash National Corp4.500% 10/15/20280.2%
    ION Trading Technologies Sarl9.500% 05/30/20290.2%
    Carnival Corp5.750% 03/15/20300.2%
    Punch Finance PLC6.125% 06/30/20260.2%
    Herens Midco Sarl5.250% 05/15/20290.2%
    Starwood Property Trust Inc6.500% 07/01/20300.2%
    GrafTech Global Enterprises Inc9.875% 12/23/20290.2%
    Mauser Packaging Solutions Holding Co9.250% 04/15/20270.2%
    Eldorado Gold Corp6.250% 09/01/20290.2%
    Lsf12 Crown US Commercial Bidco LLC8.574% 12/02/20310.2%
    CSC Holdings LLC11.750% 01/31/20290.2%
    GGAM Finance Ltd8.000% 06/15/20280.2%
    TransDigm Inc5.500% 11/15/20270.2%
    Medco Bell Pte Ltd6.375% 01/30/20270.2%
    Neptune Bidco US Inc9.290% 04/15/20290.2%
    Directv Financing LLC9.808% 08/02/20290.2%
    HAT Holdings I LLC / HAT Holdings II LLC8.000% 06/15/20270.2%
    Bellis Finco PLC4.000% 02/16/20270.2%
    CA Magnum Holdings5.375% 10/31/20260.2%
    Diamond Foreign Asset Co / Diamond Finance LLC8.500% 10/01/20300.2%
    Civitas Resources Inc5.000% 10/15/20260.2%
    Camelot Return Merger Sub Inc8.750% 08/01/20280.2%
    Allied Universal Holdco LLC / Allied Universal Finance Corp9.750% 07/15/20270.2%
    EchoStar Corp10.750% 11/30/20290.2%
    Empire Resorts Inc7.750% 11/01/20260.2%
    Seadrill Finance Ltd8.375% 08/01/20300.2%
    Bread Financial Holdings Inc9.750% 03/15/20290.2%
    Algoma Steel Inc9.125% 04/15/20290.2%
    Rakuten Group Inc11.250% 02/15/20270.2%
    Millennium Escrow Corp6.625% 08/01/20260.2%
    TerraForm Power Operating LLC5.000% 01/31/20280.2%
    Comstock Resources Inc5.875% 01/15/20300.2%
    Jefferson Capital Holdings LLC6.000% 08/15/20260.2%
    CPUK Finance Ltd6.500% 08/28/20260.2%
    Star Parent Inc8.053% 09/30/20300.2%
    M&T Bank Corp3.500% 03/01/21740.2%
    JW Aluminum Continuous Cast Co10.250% 04/01/20300.2%
    USA Compression Partners LP / USA Compression Finance Corp7.125% 03/15/20290.2%
    X Corp9.500% 10/29/20290.2%
    Petroleos Mexicanos8.750% 06/02/20290.2%
    Welltec International ApS8.250% 10/15/20260.2%
    EnQuest PLC11.625% 11/01/20270.2%
    Vermilion Energy Inc6.875% 05/01/20300.2%
    Sunrise HoldCo IV BV5.500% 01/15/20280.2%
    Tank Holding Corp10.425% 03/31/20280.2%
    Bloomin' Brands Inc / OSI Restaurant Partners LLC5.125% 04/15/20290.2%
    ANGI Group LLC3.875% 08/15/20280.2%
    SS&C Technologies Inc5.500% 09/30/20270.2%
    NatWest Group PLC8.000% 09/30/21730.2%
    Aethon United BR LP / Aethon United Finance Corp7.500% 10/01/20290.2%
    TORONTO DOMINION BANK THE4.350% 04/01/20250.2%
    RVR Dealership Holdings LLC8.193% 02/08/20280.2%
    Gulfport Energy Operating Corp6.750% 09/01/20290.2%
    Xerox Holdings Corp5.000% 08/15/20250.2%
    Kobe US Midco 2 Inc9.250% 11/01/20260.2%
    Equitable Holdings Inc4.950% 12/15/21730.2%
    BCPE Ulysses Intermediate Inc7.750% 04/01/20270.2%
    Dye & Durham Ltd8.625% 04/15/20290.2%
    American Trailer World Corp8.174% 03/03/20280.2%
    Iceland Bondco PLC10.875% 12/15/20270.2%
    Newell Brands Inc6.375% 09/15/20270.2%
    Advantage Sales & Marketing Inc8.667% 10/28/20270.2%
    P&L Development LLC / PLD Finance Corp12.000% 05/15/20290.2%
    CELESTIAL SATURN PARENT INC10.938% 06/04/20290.2%
    US Acute Care Solutions LLC9.750% 05/15/20290.2%
    Nova Alexandre III SAS8.035% 07/15/20290.2%
    DISH DBS Corp7.375% 07/01/20280.2%
    Summer BC Holdco A Sarl9.250% 10/31/20270.2%
    Freedom Mortgage Holdings LLC9.250% 02/01/20290.2%
    IHO Verwaltungs GmbH7.750% 11/15/20300.2%
    TransCanada PipeLines Ltd7.000% 06/01/20650.2%
    Blackstone Mortgage Trust Inc5.500% 03/15/20270.2%
    New Gold Inc6.875% 04/01/20320.2%
    New Gold Inc7.500% 07/15/20270.2%
    Lightstone Holdco LLC10.073% 01/29/20270.2%
    Park River Holdings Inc7.664% 12/28/20270.2%
    WaterBridge Midstream Operating LLC9.053% 06/27/20290.2%
    Mobico Group PLC4.250% 02/26/21740.2%
    Helix Energy Solutions Group Inc9.750% 03/01/20290.2%
    HLF Financing Sarl LLC / Herbalife International Inc12.250% 04/15/20290.2%
    Albion Financing 2 Sarl8.750% 04/15/20270.2%
    GEO Group Inc/The8.625% 04/15/20290.2%
    LCPR Senior Secured Financing DAC6.750% 10/15/20270.2%
    Ahlstrom Holding 3 Oy4.875% 02/04/20280.2%
    Asurion LLC9.684% 01/22/20290.2%
    Cheplapharm Arzneimittel GmbH7.500% 05/15/20300.2%
    Osaic Holdings Inc10.750% 08/01/20270.2%
    Nabors Industries Inc7.375% 05/15/20270.2%
    Red Oak Power LLC8.298% 10/01/20300.2%
    Kedrion SpA6.500% 09/01/20290.2%
    Kodiak Gas Services LLC7.250% 02/15/20290.2%
    Staples Inc10.750% 09/01/20290.1%
    ASP Unifrax Holdings Inc10.425% 09/30/20290.1%
    Arches Buyer Inc7.670% 12/06/20270.1%
    Stillwater Mining Co4.000% 11/16/20260.1%
    Melco Resorts Finance Ltd5.750% 07/21/20280.1%
    Acuris Finance US Inc / Acuris Finance SARL9.000% 08/01/20290.1%
    Dana Financing Luxembourg Sarl3.000% 07/15/20290.1%
    Standard Industries Inc/NY5.000% 02/15/20270.1%
    Iliad Holding SASU7.000% 10/15/20280.1%
    Allied Universal Holdco LLC8.171% 05/15/20280.1%
    Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp5.250% 05/15/20270.1%
    ILFC E-Capital Trust I6.117% 12/21/20650.1%
    American Airlines Inc8.500% 05/15/20290.1%
    Sabre GLBL Inc10.750% 11/15/20290.1%
    Antero Midstream Partners LP / Antero Midstream Finance Corp5.750% 03/01/20270.1%
    Artera Services LLC8.795% 02/10/20310.1%
    OneMain Finance Corp7.875% 03/15/20300.1%
    Clue Opco LLC9.500% 10/15/20310.1%
    Sinclair Television Group Inc7.740% 12/31/20290.1%
    Goldman Sachs Group Inc/The6.850% 08/10/21730.1%
    ams-OSRAM AG12.250% 03/30/20290.1%
    Blue Owl Technology Finance Corp6.750% 04/04/20290.1%
    IHO Verwaltungs GmbH6.375% 05/15/20290.1%
    Hughes Satellite Systems Corp5.250% 08/01/20260.1%
    Mercer International Inc5.125% 02/01/20290.1%
    Aris Mining Corp8.000% 10/31/20290.1%
    SNF Group SACA3.125% 03/15/20270.1%
    ASG Finance Designated Activity Co9.750% 05/15/20290.1%
    AdaptHealth LLC6.125% 08/01/20280.1%
    United Rentals North America Inc5.500% 05/15/20270.1%
    Energy Transfer LP6.500% 11/15/21730.1%
    Penn Entertainment Inc4.125% 07/01/20290.1%
    Gray Media Inc10.500% 07/15/20290.1%
    Sinclair Television Group Inc8.525% 12/31/20300.1%
    CNX Resources Corp6.000% 01/15/20290.1%
    Tenneco Inc8.000% 11/17/20280.1%
    Vistra Corp8.875% 07/15/21730.1%
    Studio City Finance Ltd5.000% 01/15/20290.1%
    Nationstar Mortgage Holdings Inc5.500% 08/15/20280.1%
    Arko Corp5.125% 11/15/20290.1%
    Ocado Group PLC10.500% 08/08/20290.1%
    ASP Unifrax Holdings Inc7.100% 09/30/20290.1%
    Howard Hughes Corp/The5.375% 08/01/20280.1%
    888 Acquisitions Ltd7.558% 07/15/20270.1%
    Axon Enterprise Inc0.500% 12/15/20270.1%
    ATI Inc5.875% 12/01/20270.1%
    Iris Holding Inc9.167% 06/28/20280.1%
    INEOS Finance PLC6.750% 05/15/20280.1%
    Precision Drilling Corp6.875% 01/15/20290.1%
    Constant Contact Inc8.297% 02/10/20280.1%
    Kosmos Energy Ltd7.750% 05/01/20270.1%
    Boxer Parent Co Inc10.037% 07/30/20320.1%
    First Quantum Minerals Ltd9.375% 03/01/20290.1%
    Genting New York LLC / GENNY Capital Inc7.250% 10/01/20290.1%
    TEGNA Inc4.625% 03/15/20280.1%
    Telenet Finance Luxembourg Notes Sarl5.500% 03/01/20280.1%
    AMC Entertainment Holdings Inc10.000% 06/15/20260.1%
    SM Energy Co6.750% 09/15/20260.1%
    Anllian Capital 2 Ltd0.000% 12/05/20290.1%
    PennyMac Corp5.500% 03/15/20260.1%
    Grupo Antolin-Irausa SA10.375% 01/30/20300.1%
    Hertz Corp/The4.625% 12/01/20260.1%
    Anastasia Parent LLC8.047% 08/11/20250.1%
    JPMorgan Chase & Co6.500% 04/01/21740.1%
    LGI Homes Inc8.750% 12/15/20280.1%
    Delek Logistics Partners LP / Delek Logistics Finance Corp8.625% 03/15/20290.1%
    NEP Group Inc7.805% 08/19/20260.1%
    Nigeria Government International Bond8.375% 03/24/20290.1%
    Compass Minerals International Inc6.750% 12/01/20270.1%
    Walgreens Boots Alliance Inc8.125% 08/15/20290.1%
    Wells Fargo & Co5.428% 04/22/20280.1%
    Bausch Health Americas Inc9.250% 04/01/20260.1%
    Enstall Group BV9.313% 08/30/20280.1%
    Bausch Health Cos Inc4.875% 06/01/20280.1%
    Vistra Operations Co LLC5.625% 02/15/20270.1%
    Pinnacle Bidco PLC10.000% 10/11/20280.1%
    Amkor Technology Inc6.625% 09/15/20270.1%
    30-YR GNMA II-TBA PROD MAY6.500% 05/01/20540.1%
    Helios Software Holdings Inc / ION Corporate Solutions Finance Sarl8.750% 05/01/20290.1%
    Staples Inc10.045% 09/10/20290.1%
    Global Partners LP / GLP Finance Corp7.000% 08/01/20270.1%
    BNP Paribas SA7.375% 02/19/21740.1%
    Constant Contact Inc11.797% 02/12/20290.1%
    Northern Oil & Gas Inc8.125% 03/01/20280.1%
    Range Resources Corp8.250% 01/15/20290.1%
    BARCLAYS CAPITAL4.360% 04/01/20250.1%
    Kodiak BP LLC8.074% 12/04/20310.1%
    LABL Inc9.500% 11/01/20280.1%
    Harbor Freight Tools USA Inc6.822% 06/11/20310.1%
    HLF Financing Sarl LLC11.190% 04/12/20290.1%
    FirstCash Inc4.625% 09/01/20280.1%
    CP Atlas Buyer Inc7.000% 12/01/20280.1%
    Miller Homes Group Finco PLC7.000% 05/15/20290.1%
    ILFC E-Capital Trust II6.367% 12/21/20650.1%
    Piedmont Operating Partnership LP6.875% 07/15/20290.1%
    Claros Mortgage Trust Inc8.924% 08/10/20260.1%
    Spotify USA Inc0.000% 03/15/20260.1%
    Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC10.500% 02/15/20280.1%
    Mauser Packaging Solutions Holding Co7.875% 08/15/20260.1%
    Citigroup Inc6.950% 05/15/21730.1%
    Foundation Building Materials Inc7.802% 01/31/20280.1%
    Cogent Communications Group Inc / Cogent Communications Finance Inc7.000% 06/15/20270.1%
    Clydesdale Acquisition Holdings Inc8.750% 04/15/20300.1%
    State Street Corp6.450% 06/15/21730.1%
    Owens & Minor Inc4.500% 03/31/20290.1%
    Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC4.750% 04/15/20280.1%
    Cornerstone Building Brands Inc9.500% 08/15/20290.1%
    PennyMac Financial Services Inc7.125% 11/15/20300.1%
    Ashton Woods USA LLC / Ashton Woods Finance Co4.625% 08/01/20290.1%
    Oscar Acquisitionco LLC8.448% 04/30/20290.1%
    First Quantum Minerals Ltd6.875% 10/15/20270.1%
    NIO Inc3.875% 10/15/20290.1%
    Celanese US Holdings LLC6.500% 04/15/20300.1%
    LSF12 Badger Bidco LLC10.324% 07/10/20300.1%
    RWT Holdings Inc5.750% 10/01/20250.1%
    Kernel Holding SA6.750% 10/27/20270.1%
    Ascent Resources Utica Holdings LLC / ARU Finance Corp5.875% 06/30/20290.1%
    Popular Inc7.250% 03/13/20280.1%
    Nordstrom Inc4.000% 03/15/20270.1%
    City Football Group Ltd7.431% 07/22/20300.1%
    Lumen Technologies Inc6.784% 04/15/20300.1%
    OSI Systems Inc2.250% 08/01/20290.1%
    Transocean Inc8.500% 05/15/20310.1%
    Piedmont Operating Partnership LP9.250% 07/20/20280.1%
    Borr IHC Ltd / Borr Finance LLC10.375% 11/15/20300.1%
    HLF Financing Sarl LLC / Herbalife International Inc4.875% 06/01/20290.1%
    Waga Bondco Ltd8.500% 06/15/20300.1%
    Stonepeak Taurus Lower Holdings LLC11.391% 01/28/20300.1%
    MEG Energy Corp5.875% 02/01/20290.1%
    CommScope LLC4.750% 09/01/20290.1%
    Grinding Media Inc7.819% 10/12/20280.1%
    Arsenal AIC Parent LLC8.000% 10/01/20300.1%
    Affirm Holdings Inc0.750% 12/15/20290.1%
    American Axle & Manufacturing Inc5.000% 10/01/20290.1%
    Carriage Purchaser Inc7.875% 10/15/20290.1%
    SCIL IV LLC / SCIL USA Holdings LLC5.375% 11/01/20260.1%
    Moss Creek Resources Holdings Inc8.250% 09/01/20310.1%
    Apollo Global Management Inc6.750% 07/31/20260.1%
    Long Ridge Energy LLC8.750% 02/15/20320.1%
    Stride Inc1.125% 09/01/20270.1%
    Longfor Group Holdings Ltd3.950% 09/16/20290.1%
    Azul Secured Finance LLP11.930% 08/28/20280.1%
    Starwood Property Trust Inc6.500% 10/15/20300.1%
    Iron Mountain Inc5.250% 07/15/20300.1%
    Crescent Energy Finance LLC7.625% 04/01/20320.1%
    CCO Holdings LLC / CCO Holdings Capital Corp7.375% 03/01/20310.1%
    Nutanix Inc0.250% 10/01/20270.1%
    Cleveland-Cliffs Inc7.500% 09/15/20310.1%
    MicroStrategy Inc2.250% 06/15/20320.1%
    Lions Gate Capital Holdings 1 Inc5.500% 04/15/20290.1%
    WE Soda Investments Holding PLC9.500% 10/06/20280.1%
    MHP Lux SA6.950% 04/03/20260.1%
    Ken Garff Automotive LLC4.875% 09/15/20280.1%
    Freshpet Inc3.000% 04/01/20280.1%
    Sinclair Television Group Inc5.125% 02/15/20270.1%
    LeMaitre Vascular Inc2.500% 02/01/20300.1%
    Cloudflare Inc0.000% 08/15/20260.1%
    United States Treasury Bill0.000% 04/01/20250.1%
    Civitas Resources Inc8.625% 11/01/20300.1%
    Upstart Holdings Inc2.000% 10/01/20290.1%
    Wynn Macau Ltd5.500% 10/01/20270.1%
    Hilcorp Energy I LP / Hilcorp Finance Co6.000% 02/01/20310.1%
    Calpine Corp5.125% 03/15/20280.1%
    Oscar AcquisitionCo LLC / Oscar Finance Inc9.500% 04/15/20300.1%
    MP Materials Corp3.000% 03/01/20300.1%
    Organon & Co / Organon Foreign Debt Co-Issuer BV4.125% 04/30/20280.1%
    EPIC Y-Grade Services LP10.048% 06/29/20290.1%
    Ocado Group PLC3.875% 10/08/20260.1%
    NRG Energy Inc10.250% 09/15/21730.1%
    Royal Caribbean Cruises Ltd6.000% 08/15/20250.1%
    Archrock Partners LP / Archrock Partners Finance Corp6.250% 04/01/20280.1%
    American Builders & Contractors Supply Co Inc4.000% 01/15/20280.1%
    INEOS Finance PLC7.500% 04/15/20290.1%
    Energizer Holdings Inc6.500% 12/31/20270.1%
    Flagstar Financial Inc7.343% 11/06/20280.1%
    NuStar Logistics LP5.625% 04/28/20270.1%
    LABL Inc10.500% 07/15/20270.1%
    Owens & Minor Inc6.625% 04/01/20300.1%
    Univision Communications Inc8.500% 07/31/20310.1%
    Western Alliance Bancorp3.000% 06/15/20310.1%
    Sunoco LP / Sunoco Finance Corp6.000% 04/15/20270.1%
    Sabre GLBL Inc11.250% 12/15/20270.1%
    NCL Finance Ltd6.125% 03/15/20280.1%
    ADMI Corp8.189% 12/23/20270.1%
    CCO Holdings LLC / CCO Holdings Capital Corp6.375% 09/01/20290.1%
    Aretec Group Inc10.000% 08/15/20300.1%
    Tenet Healthcare Corp6.125% 10/01/20280.1%
    Global Atlantic Fin Co4.700% 10/15/20510.1%
    MC Brazil Downstream Trading SARL7.250% 06/30/20310.1%
    BCPE Grill Parent Inc9.075% 09/30/20300.1%
    EnerSys4.375% 12/15/20270.1%
    Cinemark USA Inc5.250% 07/15/20280.1%
    CP Atlas Buyer Inc8.174% 11/23/20270.1%
    Canacol Energy Ltd5.750% 11/24/20280.1%
    Staples Inc12.750% 01/15/20300.1%
    Energy Transfer LP6.750% 05/15/21730.1%
    Palo Alto Networks Inc0.375% 06/01/20250.1%
    Dana Inc4.250% 09/01/20300.1%
    ZF North America Capital Inc7.125% 04/14/20300.1%
    Lion/Polaris Lux 4 SA5.953% 07/01/20290.1%
    American Axle & Manufacturing Inc6.500% 04/01/20270.1%
    GGAM Finance Ltd6.875% 04/15/20290.1%
    Plaskolite PPC Intermediate II LLC8.548% 12/15/20250.1%
    TGNR Intermediate Holdings LLC5.500% 10/15/20290.1%
    Coherent Corp5.000% 12/15/20290.1%
    TruGreen LP8.424% 11/02/20270.1%
    Provident Funding Associates LP / PFG Finance Corp9.750% 09/15/20290.1%
    NCR Atleos Corp9.500% 04/01/20290.1%
    Vibrantz Technologies Inc8.643% 04/23/20290.1%
    ACProducts Holdings Inc8.553% 05/17/20280.1%
    Permian Resources Operating LLC8.000% 04/15/20270.1%
    Central Parent LLC7.558% 07/06/20290.1%
    Energizer Holdings Inc4.750% 06/15/20280.1%
    GDS Holdings Ltd4.500% 01/31/20300.1%
    Canary Wharf Group Investment Holdings PLC2.625% 04/23/20250.1%
    Specialty Building Products Holdings LLC / SBP Finance Corp7.750% 10/15/20290.1%
    Biocon Biologics Global PLC6.670% 10/09/20290.1%
    PetSmart Inc / PetSmart Finance Corp4.750% 02/15/20280.1%
    Dermatology Intermediate Holdings III Inc9.802% 04/02/20290.1%
    Penn Entertainment Inc5.625% 01/15/20270.1%
    Newmark Group Inc7.500% 01/12/20290.1%
    LoanCore 2025 2025-CRE8 Issuer LLC5.704% 08/17/20420.1%
    PATAGONIA BIDCO LIMITED9.950% 10/30/20280.1%
    Blackstone Mortgage Trust Inc3.750% 01/15/20270.1%
    GPS Hospitality Holding Co LLC / GPS Finco Inc7.000% 08/15/20280.1%
    Dana Inc5.375% 11/15/20270.1%
    Global Medical Response Inc6.500% 10/01/20250.1%
    Bombardier Inc7.500% 02/01/20290.1%
    New Enterprise Stone & Lime Co Inc5.250% 07/15/20280.1%
    Hunter US Bidco Inc8.643% 08/21/20280.1%
    AMC Entertainment Holdings Inc11.319% 01/04/20290.1%
    Vibrantz Technologies Inc9.000% 02/15/20300.1%
    888 Acquisitions Ltd10.750% 05/15/20300.1%
    UBS Group AG5.125% 07/29/21730.1%
    Novelis Corp3.250% 11/15/20260.1%
    Nabors Industries Ltd7.500% 01/15/20280.1%
    Sixth Street Lending Partners6.500% 03/11/20290.1%
    KeyCorp5.000% 12/15/21730.1%
    Hess Midstream Operations LP5.875% 03/01/20280.1%
    Talos Production Inc9.375% 02/01/20310.1%
    VF Ukraine PAT via VFU Funding PLC9.625% 02/11/20270.1%
    Williams Scotsman Inc6.625% 04/15/20300.1%
    Blackstone Mortgage Trust Inc7.750% 12/01/20290.1%
    ATI Inc4.875% 10/01/20290.1%
    Gen Digital Inc6.750% 09/30/20270.1%
    US Bancorp3.700% 01/15/21740.1%
    Ally Financial Inc8.000% 11/01/20310.1%
    Iris Holding Inc10.000% 12/15/20280.1%
    IAMGOLD Corp5.750% 10/15/20280.1%
    Dornoch Debt Merger Sub Inc6.625% 10/15/20290.1%
    Rekeep SpA9.000% 09/15/20290.1%
    Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp5.250% 10/01/20250.1%
    BCP V Modular Services Finance II PLC6.125% 11/30/20280.1%
    TOSCA SERVICES LLC5.919% 11/30/20280.1%
    Encino Acquisition Partners Holdings LLC8.500% 05/01/20280.1%
    Market Bidco Finco PLC4.750% 11/04/20270.1%
    MetLife Inc3.850% 03/15/21740.1%
    Bellis Acquisition Co PLC8.125% 05/14/20300.1%
    Virgin Media Vendor Financing Notes III DAC4.875% 07/15/20280.1%
    OT Midco Inc10.000% 02/15/20300.1%
    Nationstar Mortgage Holdings Inc6.000% 01/15/20270.1%
    Antero Midstream Partners LP / Antero Midstream Finance Corp5.750% 01/15/20280.1%
    ZF North America Capital Inc6.875% 04/14/20280.1%
    888 ACQUISITIONS LIMITED9.589% 07/03/20280.1%
    Nationstar Mortgage Holdings Inc6.500% 08/01/20290.1%
    Emergent BioSolutions Inc3.875% 08/15/20280.1%
    Transocean Aquila Ltd8.000% 09/30/20280.1%
    Benteler International AG9.375% 05/15/20280.1%
    CSC Holdings LLC4.625% 12/01/20300.1%
    LHS Borrower LLC9.166% 02/20/20290.1%
    Angolan Government International Bond8.000% 11/26/20290.1%
    Raising Cane's Restaurants LLC9.375% 05/01/20290.1%
    Societe Generale SA9.375% 05/22/21730.1%
    Shea Homes LP / Shea Homes Funding Corp4.750% 02/15/20280.1%
    Sirius XM Radio LLC5.000% 08/01/20270.1%
    Acuris Finance US Inc / Acuris Finance SARL5.000% 05/01/20280.1%
    Chrome Holdco SAS5.000% 05/31/20290.1%
    Kronos Acquisition Holdings Inc8.298% 07/08/20310.1%
    Western Alliance Bank5.250% 06/01/20300.1%
    Star Holding LLC8.750% 08/01/20310.1%
    Virgin Media Bristol LLC7.757% 03/31/20310.1%
    1375209 BC Ltd9.000% 01/30/20280.1%
    SCIH Salt Holdings Inc4.875% 05/01/20280.1%
    Travis Perkins PLC3.750% 02/17/20260.1%
    Sunnova Energy Corp5.875% 09/01/20260.1%
    Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer6.750% 04/15/20280.1%
    EquipmentShare.com Inc8.625% 05/15/20320.1%
    Genesis Energy LP / Genesis Energy Finance Corp8.250% 01/15/20290.1%
    SM Energy Co6.500% 07/15/20280.1%
    Engineered Machinery Holdings Inc10.315% 05/21/20290.1%
    Greenko Wind Projects Mauritius Ltd5.500% 04/06/20250.1%
    Canpack SA / Canpack US LLC3.125% 11/01/20250.1%
    EQM Midstream Partners LP7.500% 06/01/20270.1%
    Ocado Group PLC10.500% 08/08/20290.1%
    Pitney Bowes Inc6.875% 03/15/20270.1%
    Polaris Newco LLC6.328% 06/05/20280.1%
    Hilcorp Energy I LP / Hilcorp Finance Co5.750% 02/01/20290.1%
    COGENTRIX FINANCE HOLDCO I LLC7.072% 02/26/20320.1%
    Mitchell International Inc9.569% 06/17/20320.1%
    Vistra Corp8.000% 04/15/21730.1%
    Advancion Holdings LLC8.419% 11/24/20270.1%
    Angolan Government International Bond8.250% 05/09/20280.1%
    Carnival Corp6.000% 05/01/20290.1%
    Weekley Homes LLC / Weekley Finance Corp4.875% 09/15/20280.1%
    Advancion Holdings LLC12.169% 11/24/20280.1%
    LifePoint Health Inc5.375% 01/15/20290.1%
    Bombardier Inc6.000% 02/15/20280.1%
    Yunda Holding Investment Ltd2.250% 08/19/20250.1%
    Freedom Mortgage Holdings LLC8.375% 04/01/20320.1%
    Vital Energy Inc9.750% 10/15/20300.1%
    Artera Services LLC8.500% 02/15/20310.1%
    ION Trading Technologies Sarl5.750% 05/15/20280.1%
    CCO Holdings LLC / CCO Holdings Capital Corp5.000% 02/01/20280.1%
    Champions Financing Inc8.750% 02/15/20290.1%
    IMAX Corp0.500% 04/01/20260.1%
    CHS/Community Health Systems Inc8.000% 12/15/20270.1%
    Sunoco LP / Sunoco Finance Corp7.000% 09/15/20280.1%
    ams-OSRAM AG2.125% 11/03/20270.1%
    STL Holding Co LLC8.750% 02/15/20290.1%
    TORONTO DOMINION BANK THE4.310% 04/01/20250.0%
    Parsons Corp2.625% 03/01/20290.0%
    AMC Networks Inc10.250% 01/15/20290.0%
    Jacobs Entertainment Inc6.750% 02/15/20290.0%
    CITGO Petroleum Corp6.375% 06/15/20260.0%
    Xerox Holdings Corp8.875% 11/30/20290.0%
    TK Elevator US Newco Inc5.250% 07/15/20270.0%
    CommScope LLC7.125% 07/01/20280.0%
    ams-OSRAM AG10.500% 03/30/20290.0%
    HubSpot Inc0.375% 06/01/20250.0%
    Ensono Inc8.442% 05/30/20280.0%
    Virgin Media Bristol LLC7.688% 01/31/20290.0%
    Dermatology Intermediate Holdings III Inc8.569% 04/02/20290.0%
    NCL Corp Ltd5.875% 02/15/20270.0%
    Kosmos Energy Ltd7.125% 04/04/20260.0%
    Brand Industrial Services Inc8.815% 08/01/20300.0%
    CD&R Firefly Bidco PLC8.625% 04/30/20290.0%
    Synthomer PLC7.375% 05/02/20290.0%
    Barracuda Networks Inc8.943% 08/15/20290.0%
    Antero Resources Corp7.625% 02/01/20290.0%
    AMC Networks Inc4.250% 02/15/20290.0%
    Dana Inc5.625% 06/15/20280.0%
    Kosmos Energy Ltd7.500% 03/01/20280.0%
    WaterBridge NDB Operating LLC8.295% 05/10/20290.0%
    Kennedy Wilson Europe Real Estate Ltd3.250% 11/12/20250.0%
    Rekeep SpA9.000% 09/15/20290.0%
    MF1 2024-FL14 LLC6.054% 03/19/20390.0%
    ACProducts Holdings Inc6.375% 05/15/20290.0%
    Flutter Treasury DAC6.375% 04/29/20290.0%
    KREF Holdings X LLC7.574% 03/05/20320.0%
    Modena Buyer LLC8.791% 07/01/20310.0%
    MH Sub I LLC10.569% 02/23/20290.0%
    Oceaneering International Inc6.000% 02/01/20280.0%
    Oceaneering International Inc6.000% 02/01/20280.0%
    NCL Corp Ltd8.125% 01/15/20290.0%
    Bausch Health Cos Inc9.000% 12/15/20250.0%
    Helios Software Holdings Inc / ION Corporate Solutions Finance Sarl4.625% 05/01/20280.0%
    Tank Holding Corp10.419% 03/31/20280.0%
    DISH DBS Corp7.750% 07/01/20260.0%
    AG TTMT Escrow Issuer LLC8.625% 09/30/20270.0%
    California Resources Corp7.125% 02/01/20260.0%
    Nine Energy Service Inc13.000% 02/01/20280.0%
    Synthomer PLC7.375% 05/02/20290.0%
    Macquarie Airfinance Holdings Ltd8.125% 03/30/20290.0%
    American Axle & Manufacturing Inc6.875% 07/01/20280.0%
    Stillwater Mining Co4.500% 11/16/20290.0%
    Cablevision Lightpath LLC5.625% 09/15/20280.0%
    Grupo Antolin-Irausa SA10.375% 01/30/20300.0%
    Two Harbors Investment Corp6.250% 01/15/20260.0%
    Tenet Healthcare Corp5.125% 11/01/20270.0%
    FEDERAL HOME LOAN BANK DISCOUN0.000% 04/01/20250.0%
    AA Bond Co Ltd6.500% 01/31/20260.0%
    Precision Drilling Corp7.125% 01/15/20260.0%
    Alloy Finco Ltd0.005% 03/06/20280.0%
    MH Sub I LLC8.574% 05/03/20280.0%
    FX EUR/USD 05/250.000% 05/23/20250.0%
    ATI Inc7.250% 08/15/20300.0%
    CPUK Finance Ltd4.500% 08/28/20270.0%
    AerCap Global Aviation Trust6.500% 06/15/20450.0%
    ASG Finance Designated Activity Co9.750% 05/15/20290.0%
    Matador Resources Co6.875% 04/15/20280.0%
    Sunnova Energy International Inc0.250% 12/01/20260.0%
    Genesis Energy LP / Genesis Energy Finance Corp8.000% 01/15/20270.0%
    Engineered Machinery Holdings Inc10.793% 05/21/20290.0%
    TOSCA SERVICES LLC9.819% 11/30/20280.0%
    Maison Finco PLC6.000% 10/31/20270.0%
    Tank Holding Corp10.419% 03/31/20280.0%
    RECOVERY SOLUTIONS PARENT LLC0.000% 01/28/20300.0%
    MH Sub I LLC8.575% 12/31/20310.0%
    Azul Secured Finance LLP11.500% 08/28/20290.0%
    Carpenter Technology Corp6.375% 07/15/20280.0%
    Asurion LLC9.688% 02/03/20280.0%
    Iceland Bondco PLC10.875% 12/15/20270.0%
    Welltec International ApS8.250% 10/15/20260.0%
    NEP Group Inc11.434% 10/19/20260.0%
    VF Ukraine PAT via VFU Funding PLC9.625% 02/11/20270.0%
    Lightstone Holdco LLC10.073% 01/29/20270.0%
    WELLPATH HOLDINGS INC11.575% 06/09/20250.0%
    Wellpath Holdings Inc10.080% 10/01/20250.0%
    WELLPATH HOLDINGS INC11.575% 06/09/20250.0%
    Credit Default Swap5.000% 12/20/20250.0%
    FX USD/EUR 05/250.000% 05/23/20250.0%
    US 5YR NOTE (CBT) Jun250.000% 06/30/20250.0%
    FX USD/GBP 06/250.000% 06/27/20250.0%
    Rain CII Carbon LLC / CII Carbon Corp7.250% 04/01/20250.0%
    McAfee Corp7.319% 03/01/20290.0%
    FX USD/GBP 06/250.000% 06/27/20250.0%
    FX USD/EUR 05/250.000% 05/23/20250.0%
    FX USD/EUR 05/250.000% 05/23/20250.0%
    FX GBP/USD 06/250.000% 06/27/20250.0%
    FX EUR/USD 05/250.000% 05/23/20250.0%
    FX EUR/USD 05/250.000% 05/23/20250.0%
    FX EUR/USD 05/250.000% 05/23/20250.0%
    FX EUR/USD 05/250.000% 05/23/20250.0%
    ESC GCB HERTZ CORP6.250% 10/15/20220.0%
    ESC GCB144A HERTZ CORP5.500% 10/15/20240.0%
    FX GBP/USD 06/250.000% 06/27/20250.0%
    FX GBP/USD 06/250.000% 06/27/20250.0%
    FX USD/EUR 05/250.000% 05/23/20250.0%
    Elwood Energy LLC8.159% 07/05/20260.0%
    LONG GILT FUTURE Jun250.000% 06/26/20250.0%
    FX EUR/USD 05/250.000% 05/23/20250.0%
    FX USD/EUR 05/250.000% 05/23/20250.0%
    FX USD/EUR 05/250.000% 05/23/20250.0%
    FX EUR/USD 05/250.000% 05/23/20250.0%
    FX USD/EUR 05/250.000% 05/23/20250.0%
    FX USD/EUR 05/250.000% 05/23/20250.0%
    FX GBP/USD 06/250.000% 06/27/20250.0%
    FX EUR/USD 05/250.000% 05/23/20250.0%
    FX GBP/USD 06/250.000% 06/27/20250.0%
    FX USD/CHF 06/250.000% 06/06/20250.0%
    US 2YR NOTE (CBT) Jun250.000% 06/30/20250.0%
    FX USD/EUR 05/250.000% 05/23/20250.0%
    FX USD/EUR 05/250.000% 05/23/20250.0%
    ASP Unifrax Holdings Inc0.025% 09/28/20290.0%
    FX USD/EUR 05/250.000% 05/23/2025-0.1%
    Credit Index Swap5.000% 12/20/2029-0.2%

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

    Dividends & Cap Gains

    Dividends & Cap Gains

    Dividend Payments

    Dividend Payments

    For
    YTD Dividends Paidas of 05/02/2025
    $0.25201
    Dividend Frequency
    Monthly (Daily Accrual)
    Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
    Daily Daily 04/30/2025 $0.06473 $9.50
    Daily Daily 03/31/2025 $0.06472 $9.70
    Daily Daily 02/28/2025 $0.06000 $9.91
    Daily Daily 01/31/2025 $0.06256 $9.91

    Upcoming Dividend Payment Dates

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

    Capital Gains Distributions

    For
    Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
    12/16/2024 12/17/2024 $0.0009 $0.0476 $0.0485 $9.91
    *

    Taxed as ordinary income

    Lord Abbett does not provide tax advice. It is strongly recommended that you discuss the impact of dividends and distributions with your tax advisor. 

    Fees & Expenses

    Fees & Expenses

    Expense Ratioas of 03/31/2025

    Fund Gross Expense Ratio 1.01%
    Fund Net Expense Ratio 0.95%

    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
    Annual Tailored Shareholder Report
    Publish Date:11/03/2015
    Semi-Annual Financial Statements and Other Information *
    Publish Date:11/03/2015
    Semi-Annual Tailored Shareholder Report
    Publish Date:11/03/2015
    Fact Sheet
    Publish Date:11/03/2015
    Commentary
    Publish Date:11/03/2015
    Publish Date:11/03/2015
    * includes items 7-11 of form N-CSR as required, if any.

    To order literature visit full website

    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.

    +

    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.      

                        

     

    IMPORTANT INFORMATION

     

     

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

     

     

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

     

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

     

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

     

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

     

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

     

    Source: ICE Data Indices, LLC. 

    Source ICE Data Indices, LLC (“ICE”), used with permission. ICE PERMITS USE OF THE ICE BofAML INDICES AND RELATED DATA ON AN "AS IS" BASIS, MAKES NO WARRANTIES REGARDING SAME, DOES NOT GUARANTEE THE SUITABILITY, QUALITY, ACCURACY, TIMELINESS, AND/OR COMPLETENESS OF THE ICE BofAML INDICES OR ANY DATA INCLUDED IN, RELATED TO, OR DERIVED THEREFROM, ASSUMES NO LIABILITY IN CONNECTION WITH THE USE OF THE FOREGOING, AND DOES NOT SPONSOR, ENDORSE, OR RECOMMEND LORD ABBETT, OR ANY OF ITS PRODUCTS OR SERVICES.

    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.

     

    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.

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

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

     

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

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

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

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

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

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

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

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

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

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

    Select funds to run a Morningstar Hypothetical Report.

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    • Multi-Asset
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