Total Return Fund

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Daily price w/o sales charge as of 04/28/2025

$8.75

$0.02

YTD Returns w/o sales charge as of 04/28/2025

2.30%

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

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Summary

What is the Total Return Fund?

The Fund seeks to deliver current income and the opportunity for capital appreciation by investing primarily in U.S. investment grade corporate, government, and mortgage- and asset-backed securities, with select allocations to high yield and foreign debt securities.

EXPERIENCED INVESTMENT TEAM

Managed through collaboration among 40+ investment professionals in portfolio management, credit research, and trading.

DISCIPLINED, FLEXIBLE APPROACH

Utilizes a blend of fundamental research and quantitative analysis in seeking to add value through sector rotation, security selection, and rigorous risk management.

CONSISTENT, RISK-ADJUSTED RETURNS

Has offered a track record of generating above-average returns with below-average risk in a variety of market environments, versus its peers in the Morningstar Intermediate-Term Bond Category.

Yield

Average Yield to Maturity as of 03/31/2025

5.35%

Distribution Yield as of 04/28/2025

4.52%

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

4.56%

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.

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: $3.69 B
Inception Date: 08/31/2000
Dividend Frequency: Monthly
Fund Gross Expense Ratio: 0.91%
Fund Net Expense Ratio: 0.91%
Number of Holdings: 565

Fund Expense Ratio :

Gross 0.91%

Net 0.91%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 08/31/2000

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 08/31/2000
w/o sales charge	2.52%	5.17%	0.38%	0.58%	1.32%	4.00%
Lipper Category Avg. Core Bond Funds	2.67%	4.99%	0.55%	0.36%	1.50%	-10000.0%
Bloomberg U.S. Aggregate Bond Index	2.78%	4.88%	0.52%	-0.40%	1.46%	3.86%
w/ sales charge	2.52%	5.17%	0.38%	0.58%	1.32%	4.00%

Fund Expense Ratio :

Gross 0.91%

Net 0.91%

Fund Expense Ratio :

Gross 0.91%

Net 0.91%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 08/31/2000

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 08/31/2000
w/o sales charge	2.52%	5.17%	0.38%	0.58%	1.32%	4.00%
Lipper Category Avg. Core Bond Funds	2.67%	4.99%	0.55%	0.36%	1.50%	-10000.0%
Bloomberg U.S. Aggregate Bond Index	2.78%	4.88%	0.52%	-0.40%	1.46%	3.86%

Fund Expense Ratio :

Gross 0.91%

Net 0.91%

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

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

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

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

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

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

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

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

INVESTMENT TEAM

Kewjin Yuoh

Partner, Portfolio Manager

31 Years of Industry Experience

Andrew H. O'Brien, CFA

Partner, Portfolio Manager

27 Years of Industry Experience

Steven F. Rocco, CFA

Partner & Co-Head of Taxable Fixed Income

24 Years of Industry Experience

Robert A. Lee

Partner & Co-Head of Taxable Fixed Income

34 Years of Industry Experience

Adam C. Castle, CFA

Partner, Portfolio Manager

17 Years of Industry Experience

Leah G. Traub, Ph.D.

Partner & Portfolio Manager

24 Years of Industry Experience

Harris Trifon

Partner, Portfolio Manager

25 Years of Industry Experience

Karen J. Gunnerson

Senior Managing Director, Portfolio Manager

15 Years of Industry Experience

Yoana N. Koleva, CFA

Partner, Portfolio Manager

22 Years of Industry Experience

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

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Performance

Average Yield to Maturity as of 03/31/2025

5.35%

Distribution Yield as of 04/28/2025

4.52%

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

	Subsidized²	Un-Subsidized³
w/o sales charge	4.56%	4.56%

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

Fund Expense Ratio :

Gross 0.91%

Net 0.91%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 08/31/2000

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 08/31/2000
w/o sales charge	2.52%	5.17%	0.38%	0.58%	1.32%	4.00%
Lipper Category Avg. Core Bond Funds	2.67%	4.99%	0.55%	0.36%	1.50%	-10000.0%
Bloomberg U.S. Aggregate Bond Index	2.78%	4.88%	0.52%	-0.40%	1.46%	3.86%
w/ sales charge	2.52%	5.17%	0.38%	0.58%	1.32%	4.00%

Fund Expense Ratio :

Gross 0.91%

Net 0.91%

Fund Expense Ratio :

Gross 0.91%

Net 0.91%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 08/31/2000

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 08/31/2000
w/o sales charge	2.52%	5.17%	0.38%	0.58%	1.32%	4.00%
Lipper Category Avg. Core Bond Funds	2.67%	4.99%	0.55%	0.36%	1.50%	-10000.0%
Bloomberg U.S. Aggregate Bond Index	2.78%	4.88%	0.52%	-0.40%	1.46%	3.86%

Fund Expense Ratio :

Gross 0.91%

Net 0.91%

Year	Fund Returns	Bloomberg U.S. Aggregate Bond Index

Year	Fund Returns	Bloomberg U.S. Aggregate Bond Index
2024	2.32%	1.25%
2023	5.89%	5.53%
2022	-14.21%	-13.01%
2021	-0.34%	-1.54%
2020	7.07%	7.51%
2019	8.13%	8.72%
2018	-1.16%	0.01%
2017	3.46%	3.54%
2016	3.78%	2.65%
2015	-0.87%	0.55%
2014	5.84%	-10000.0%
2013	-1.62%	-10000.0%
2012	7.44%	-10000.0%
2011	6.92%	-10000.0%
2010	7.43%	-10000.0%
2009	15.53%	-10000.0%
2008	-1.39%	-10000.0%
2007	5.58%	-10000.0%
2006	4.06%	-10000.0%
2005	2.31%	-10000.0%

Year	Q1	Q2	Q3	Q4

Year	Q1	Q2	Q3	Q4
2025	2.52%	-10000.0%	-10000.0%	-10000.0%
2024	-0.25%	0.23%	5.20%	-2.71%
2023	2.94%	-0.65%	-2.82%	6.55%
2022	-5.79%	-6.08%	-4.53%	1.55%
2021	-2.47%	2.20%	-0.01%	-0.01%
2020	-1.22%	4.44%	1.76%	1.99%
2019	3.25%	2.92%	1.59%	0.16%
2018	-1.46%	-0.41%	0.20%	0.52%
2017	1.07%	1.37%	0.77%	0.21%
2016	2.74%	2.64%	1.07%	-2.64%
2015	1.52%	-1.55%	-0.11%	-0.70%
2014	2.26%	2.43%	0.00%	1.05%
2013	0.43%	-2.86%	0.43%	0.41%
2012	1.76%	1.88%	2.64%	0.98%
2011	0.95%	2.02%	2.31%	1.47%
2010	2.38%	2.78%	3.24%	-1.10%
2009	2.40%	5.59%	6.18%	0.64%
2008	0.96%	-0.06%	-2.06%	-0.21%
2007	1.36%	-0.76%	2.70%	2.21%
2006	-0.49%	-0.29%	3.69%	1.15%
2005	-0.30%	2.89%	-0.72%	0.46%
2004	2.31%	-2.35%	3.09%	1.14%
2003	1.47%	2.98%	-0.09%	0.66%
2002	0.17%	2.30%	3.46%	2.61%
2001	3.51%	0.44%	4.90%	0.39%

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

NAV Historical Prices

Date	Net Asset Value

Portfolio

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

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

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

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

Credit Quality Distribution as of 03/31/2025

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

Portfolio Positioning as of 03/31/2025

Duration positioning detracted from relative performance over the quarter. Being underweight duration versus the benchmark detracted as U.S. Treasury rates moved lower during the period.
An allocation to high yield corporate bonds also detracted from relative returns. We modestly increased the portfolio’s overall exposure to high yield corporates.
There were no other significant detractors over the period.
Security selection within investment grade corporate bonds contributed to relative performance, specifically within the Financials sector. We increased the portfolio’s overall exposure to investment grade corporate bonds as we believe they offer attractive relative value.
The portfolio’s allocation to ABS and collateralized loan obligations (CLOs) modestly contributed to relative performance. Within CLOs and ABS, we decreased the portfolio’s overall exposure, specifically within AAA-rated.
The portfolio’s allocation to agency mortgage-backed securities (MBS) contributed to relative performance. We believe this is an attractive asset class for high quality carry and it may perform well as rate volatility declines.

Portfolio Details as of 03/31/2025

Total Net Assets: $3.69 B
Average Effective Duration: 6.22 Years
Average Life: 8.54 Years
Average Maturity: 8.54 Years
Number of Issues: 565
Average Yield to Maturity: 5.35%

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

Holding	Coupon	Maturity	Assets

Holding	Coupon	Maturity	Assets
United States Treasury Note/Bond	4.625%	11/15/2044	3.9%
United States Treasury Note/Bond	4.375%	12/31/2029	2.9%
United States Treasury Note/Bond	4.250%	08/15/2054	2.5%
30-YR UMBS-TBA PROD MAY	5.500%	11/01/2054	2.5%
30-YR GNMA II-TBA PROD MAY	6.000%	05/01/2054	1.7%
United States Treasury Note/Bond	4.500%	11/15/2054	1.6%
15-YR UMBS-TBA PROD MAY	5.500%	05/01/2039	1.5%
United States Treasury Note/Bond	4.125%	08/15/2044	1.4%
15-YR UMBS-TBA PROD MAY	5.000%	10/01/2039	1.3%
30-YR GNMA II-TBA PROD APR	5.000%	11/01/2054	1.3%

% of Total Assets			20.6%

Holding	Coupon	Maturity	Assets

Holding	Coupon	Maturity	Assets
United States Treasury Note/Bond	4.375%	12/31/2029	2.8%
United States Treasury Note/Bond	4.250%	11/30/2026	2.8%
United States Treasury Note/Bond	4.625%	11/15/2044	2.7%
United States Treasury Note/Bond	4.125%	08/15/2044	2.5%
United States Treasury Note/Bond	4.250%	08/15/2054	2.5%
15-YR UMBS-TBA PROD APR	5.500%	05/01/2039	2.0%
30-YR GNMA II-TBA PROD APR	6.000%	06/01/2054	1.7%
United States Treasury Note/Bond	4.500%	11/15/2054	1.6%
30-YR UMBS-TBA PROD MAR	5.500%	12/01/2054	1.5%
United States Treasury Note/Bond	2.375%	02/15/2042	1.4%
30-YR GNMA II-TBA PROD MAR	5.000%	09/01/2054	1.3%
30-YR GNMA II-TBA PROD MAR	6.000%	06/01/2054	1.2%
30-YR UMBS-TBA PROD APR	5.500%	12/01/2054	1.2%
30-YR GNMA II-TBA PROD MAR	5.500%	10/01/2054	1.2%
15-YR UMBS-TBA PROD APR	5.000%	11/01/2039	1.0%
Capital One Multi-Asset Execution Trust	2.800%	03/15/2027	0.9%
United States Treasury Note/Bond	3.875%	02/15/2043	0.9%
30-YR GNMA II-TBA PROD MAR	3.000%	12/01/2051	0.7%
30-YR UMBS-TBA PROD APR	3.000%	08/01/2051	0.7%
Fannie Mae Pool	2.500%	08/01/2050	0.7%
30-YR UMBS-TBA PROD APR	6.000%	06/01/2054	0.7%
Fannie Mae Pool	2.500%	09/01/2050	0.6%
Continental Resources Inc/OK	5.750%	01/15/2031	0.6%
30-YR GNMA II-TBA PROD MAR	2.500%	10/01/2051	0.5%
Wells Fargo & Co	2.393%	06/02/2028	0.5%
Fannie Mae Pool	3.000%	12/01/2048	0.5%
30-YR GNMA II-TBA PROD APR	5.000%	09/01/2054	0.5%
Citizens Auto Receivables Trust 2023-2	5.830%	02/15/2028	0.5%
Avolon Holdings Funding Ltd	2.125%	02/21/2026	0.5%
30-YR GNMA II-TBA PROD APR	3.000%	12/01/2051	0.5%
EQT Corp	7.000%	02/01/2030	0.5%
Bank of America Corp	2.087%	06/14/2029	0.4%
Imperial Brands Finance PLC	5.500%	02/01/2030	0.4%
Fannie Mae Pool	2.500%	08/01/2050	0.4%
Morgan Stanley	4.431%	01/23/2030	0.4%
30-YR UMBS-TBA PROD APR	2.000%	04/01/2051	0.4%
Uber Technologies Inc	4.500%	08/15/2029	0.4%
Chase Auto Owner Trust 2024-1	5.130%	05/25/2029	0.4%
Fannie Mae Pool	2.500%	09/01/2036	0.4%
Fairstone Financial Issuance Trust I	5.162%	10/20/2039	0.4%
nVent Finance Sarl	4.550%	04/15/2028	0.4%
Freddie Mac STACR REMIC Trust 2022-DNA2	6.752%	02/25/2042	0.4%
Freddie Mac Pool	6.500%	11/01/2053	0.4%
Expand Energy Corp	5.875%	02/01/2029	0.4%
First National Master Note Trust	5.340%	05/15/2030	0.4%
Magnetite Xlii Ltd	5.621%	01/25/2038	0.4%
Citigroup Inc	3.887%	01/10/2028	0.4%
Citigroup Inc	3.980%	03/20/2030	0.4%
Benchmark 2024-V7 Mortgage Trust	6.228%	05/15/2056	0.4%
Affirm Asset Securitization Trust 2023-B	6.820%	09/15/2028	0.3%
Freddie Mac Pool	5.000%	08/01/2052	0.3%
30-YR GNMA II-TBA PROD MAR	4.500%	12/01/2054	0.3%
UBS Group AG	6.373%	07/15/2026	0.3%
Public Service Electric and Gas Co	4.850%	08/01/2034	0.3%
VICI Properties LP / VICI Note Co Inc	4.250%	12/01/2026	0.3%
15-YR UMBS-TBA PROD MAR	2.500%	11/01/2036	0.3%
Freddie Mac Multifamily Structured Pass Through Certificates	3.123%	08/25/2032	0.3%
International Flavors & Fragrances Inc	1.230%	10/01/2025	0.3%
Athene Global Funding	5.620%	05/08/2026	0.3%
Occidental Petroleum Corp	6.625%	09/01/2030	0.3%
Crown Castle Inc	3.300%	07/01/2030	0.3%
Entergy Louisiana LLC	5.150%	09/15/2034	0.3%
United States Treasury Note/Bond	4.250%	11/15/2034	0.3%
UBS Group AG	6.442%	08/11/2028	0.3%
Fannie Mae Pool	5.000%	08/01/2052	0.3%
Targa Resources Partners LP / Targa Resources Partners Finance Corp	5.500%	03/01/2030	0.3%
Citizens Financial Group Inc	5.718%	07/23/2032	0.3%
30-YR GNMA II-TBA PROD APR	5.500%	10/01/2054	0.3%
Lending Funding Trust 2020-2	2.320%	04/21/2031	0.3%
BMW Vehicle Lease Trust 2023-1	5.070%	06/25/2026	0.3%
Ballyrock CLO 22 Ltd	5.842%	04/15/2037	0.3%
Bayer US Finance LLC	6.375%	11/21/2030	0.3%
BBCMS Mortgage Trust 2025-5C33	5.839%	03/15/2058	0.3%
Celanese US Holdings LLC	6.050%	03/15/2025	0.3%
30-YR UMBS-TBA PROD MAR	2.000%	04/01/2051	0.3%
SBNA Auto Receivables Trust 2024-A	5.320%	12/15/2028	0.3%
PNC Financial Services Group Inc/The	5.676%	01/22/2035	0.3%
Wells Fargo & Co	3.584%	05/22/2028	0.3%
DLLAD 2023-1 LLC	4.800%	06/20/2030	0.3%
30-YR UMBS-TBA PROD MAR	3.500%	09/01/2052	0.3%
GM Financial Automobile Leasing Trust 2023-1	5.510%	01/20/2027	0.3%
Fannie Mae Pool	4.000%	06/01/2052	0.3%
Avolon TLB Borrower 1 US LLC	6.073%	06/24/2030	0.3%
CIM Trust 2021-J3	2.500%	06/25/2051	0.3%
Virginia Electric and Power Co	5.050%	08/15/2034	0.3%
Bank of America Corp	3.593%	07/21/2028	0.3%
Fannie Mae Pool	2.500%	01/01/2051	0.3%
World Financial Network Credit Card Master Trust	5.470%	02/15/2031	0.3%
Exeter Automobile Receivables Trust 2024-3	5.570%	09/15/2028	0.3%
GA Global Funding Trust	3.850%	04/11/2025	0.3%
Hudson Yards 2025-SPRL Mortgage Trust	5.467%	01/13/2040	0.3%
15-YR UMBS-TBA PROD APR	6.000%	12/01/2038	0.3%
Affirm Asset Securitization Trust 2024-B	4.620%	09/15/2029	0.3%
HCA Inc	5.500%	03/01/2032	0.3%
Indianapolis Power & Light Co	5.650%	12/01/2032	0.3%
Neuberger Berman Loan Advisers CLO 46 Ltd	6.046%	01/20/2037	0.3%
15-YR UMBS-TBA PROD MAR	5.000%	11/01/2039	0.3%
Macquarie Group Ltd	4.654%	03/27/2029	0.3%
Freddie Mac Multifamily Structured Pass Through Certificates	2.350%	03/25/2032	0.3%
Intesa Sanpaolo SpA	6.625%	06/20/2033	0.3%
BofA Auto Trust 2024-1	5.350%	11/15/2028	0.3%
Macquarie Group Ltd	2.691%	06/23/2032	0.3%
BNP Paribas SA	2.219%	06/09/2026	0.3%
GM Financial Automobile Leasing Trust 2024-3	4.210%	10/20/2027	0.3%
AES Corp/The	3.950%	07/15/2030	0.3%
Freddie Mac Multifamily Structured Pass Through Certificates	2.250%	01/25/2032	0.3%
Fannie Mae Pool	3.500%	04/01/2052	0.3%
JPMorgan Chase & Co	3.540%	05/01/2028	0.3%
Santander Drive Auto Receivables Trust 2024-2	6.280%	08/15/2031	0.2%
ROCK Trust 2024-CNTR	5.388%	11/13/2041	0.2%
Citizens Auto Receivables Trust 2024-2	5.260%	04/15/2031	0.2%
Nissan Auto Lease Trust 2025-A	4.750%	03/15/2028	0.2%
BNP Paribas SA	4.375%	03/01/2033	0.2%
Freddie Mac Multifamily Structured Pass Through Certificates	3.820%	12/25/2032	0.2%
Freddie Mac Multifamily Structured Pass Through Certificates	3.530%	08/25/2032	0.2%
Bank of America Auto Trust 2023-1	5.530%	02/15/2028	0.2%
Avant Loans Funding Trust 2024-REV1	5.920%	10/15/2033	0.2%
Fannie Mae Pool	2.500%	12/01/2051	0.2%
Enbridge Inc	8.500%	01/15/2084	0.2%
Freddie Mac Multifamily Structured Pass Through Certificates	2.920%	06/25/2032	0.2%
Freddie Mac Pool	5.000%	08/01/2052	0.2%
FactSet Research Systems Inc	3.450%	03/01/2032	0.2%
UBS Group AG	1.494%	08/10/2027	0.2%
LPL Holdings Inc	4.000%	03/15/2029	0.2%
Global Payments Inc	4.950%	08/15/2027	0.2%
Humana Inc	1.350%	02/03/2027	0.2%
Minera Mexico SA de CV	5.625%	02/12/2032	0.2%
Glencore Funding LLC	5.634%	04/04/2034	0.2%
Aviation Capital Group LLC	6.375%	07/15/2030	0.2%
UBS Group AG	4.988%	08/05/2033	0.2%
Freddie Mac Multifamily Structured Pass Through Certificates	2.580%	05/25/2032	0.2%
Freddie Mac Pool	6.000%	08/01/2039	0.2%
AMMC CLO 23 Ltd	6.353%	04/17/2035	0.2%
Freddie Mac Pool	6.000%	08/01/2039	0.2%
AS Mileage Plan IP Ltd	5.308%	10/20/2031	0.2%
Broadcom Inc	5.150%	11/15/2031	0.2%
Flutter Financing BV	6.103%	11/25/2030	0.2%
OHA Credit Funding 3 LTD	5.613%	01/20/2038	0.2%
Santander Drive Auto Receivables Trust 2024-1	5.450%	03/15/2030	0.2%
GS Mortgage-Backed Securities Trust 2022-PJ6	3.000%	01/25/2053	0.2%
Lendmark Funding Trust 2021-1	1.900%	11/20/2031	0.2%
Centene Corp	2.450%	07/15/2028	0.2%
Foundry JV Holdco LLC	5.900%	01/25/2033	0.2%
Centene Corp	3.375%	02/15/2030	0.2%
GA GLOBAL FUNDING TRUST	5.200%	12/09/2031	0.2%
Wells Fargo & Co	2.188%	04/30/2026	0.2%
MF1 2024-FL14 LLC	6.051%	03/19/2039	0.2%
Navient Corp	11.500%	03/15/2031	0.2%
Fannie Mae Pool	2.500%	12/01/2051	0.2%
KKR CLO 35 Ltd	5.917%	01/20/2038	0.2%
Freddie Mac Pool	2.000%	09/01/2050	0.2%
US Bancorp	5.678%	01/23/2035	0.2%
30-YR GNMA II-TBA PROD APR	4.500%	12/01/2054	0.2%
Vistra Operations Co LLC	5.700%	12/30/2034	0.2%
Truist Financial Corp	5.711%	01/24/2035	0.2%
Principal Life Global Funding II	5.100%	01/25/2029	0.2%
BBCMS Mortgage Trust 2023-C21	6.000%	09/15/2056	0.2%
MasTec Inc	4.500%	08/15/2028	0.2%
Regal Rexnord Corp	6.050%	02/15/2026	0.2%
Rockford Tower CLO 2025-1 Ltd	5.917%	03/31/2038	0.2%
TGNR Intermediate Holdings LLC	5.500%	10/15/2029	0.2%
Antofagasta PLC	6.250%	05/02/2034	0.2%
30-YR GNMA II-TBA PROD MAR	2.000%	09/01/2051	0.2%
National Fuel Gas Co	5.500%	01/15/2026	0.2%
Philip Morris International Inc	5.625%	11/17/2029	0.2%
Freddie Mac Stacr Remic Trust 2025-Hqa1	5.488%	02/25/2045	0.2%
30-YR UMBS-TBA PROD APR	7.000%	05/01/2053	0.2%
Flagship Credit Auto Trust 2020-4	3.840%	07/17/2028	0.2%
SM Energy Co	6.750%	08/01/2029	0.2%
Solventum Corp	5.450%	03/13/2031	0.2%
Birch Grove CLO 3 Ltd	5.905%	01/19/2038	0.2%
GLS Auto Select Receivables Trust 2024-2	5.580%	06/17/2030	0.2%
CPS Auto Receivables Trust 2022-B	7.140%	10/15/2029	0.2%
US Bancorp	4.839%	02/01/2034	0.2%
Fannie Mae Pool	2.500%	06/01/2051	0.2%
AIB Group PLC	6.608%	09/13/2029	0.2%
Brighthouse Financial Global Funding	5.650%	06/10/2029	0.2%
PEAC Solutions Receivables 2024-2 LLC	4.740%	04/20/2027	0.2%
Ford Motor Credit Co LLC	6.125%	03/08/2034	0.2%
Ausgrid Finance Pty Ltd	4.350%	08/01/2028	0.2%
Affirm Asset Securitization Trust 2023-B	11.320%	09/15/2028	0.2%
CenterPoint Energy Resources Corp	4.400%	07/01/2032	0.2%
AppLovin Corp	5.375%	12/01/2031	0.2%
Fannie Mae Pool	2.000%	01/01/2036	0.2%
JPMorgan Chase & Co	4.946%	10/22/2035	0.2%
30-YR UMBS-TBA PROD MAR	6.000%	06/01/2054	0.2%
Freddie Mac Pool	4.100%	10/01/2029	0.2%
Fannie Mae Pool	2.500%	06/01/2037	0.2%
Comstock Resources Inc	6.750%	03/01/2029	0.2%
Broadcom Inc	4.150%	04/15/2032	0.2%
Verizon Master Trust	4.830%	12/22/2031	0.2%
BankUnited Inc	5.125%	06/11/2030	0.2%
JP Morgan Mortgage Trust 2022-3	3.000%	08/25/2052	0.2%
Oncor Electric Delivery Co LLC	5.650%	11/15/2033	0.2%
Santander Drive Auto Receivables Trust 2022-7	6.690%	03/17/2031	0.2%
Carmax Select Receivables Trust 2024-A	5.400%	11/15/2028	0.2%
BX Trust 2025-ROIC	5.717%	03/15/2030	0.2%
Gartner Inc	4.500%	07/01/2028	0.2%
Workday Inc	3.800%	04/01/2032	0.2%
Aircastle Ltd	2.850%	01/26/2028	0.2%
Solventum Corp	5.600%	03/23/2034	0.2%
NatWest Group PLC	7.472%	11/10/2026	0.2%
Freddie Mac STACR REMIC Trust 2024-DNA1	5.702%	02/25/2044	0.2%
30-YR UMBS-TBA PROD APR	4.500%	09/01/2054	0.2%
Venture Global LNG Inc	8.375%	06/01/2031	0.2%
CIFC Funding 2018-II Ltd	5.663%	10/20/2037	0.2%
New York Life Global Funding	4.550%	01/28/2033	0.2%
Brown & Brown Inc	2.375%	03/15/2031	0.2%
Toyota Auto Loan Extended Note Trust 2022-1	3.820%	04/25/2035	0.2%
30-YR UMBS-TBA PROD MAR	7.000%	05/01/2053	0.2%
Ovintiv Inc	6.500%	02/01/2038	0.2%
CNO Global Funding	5.875%	06/04/2027	0.2%
PFP 2023-10 Ltd	6.677%	09/16/2038	0.2%
15-YR UMBS-TBA PROD APR	2.000%	11/01/2036	0.2%
GM Financial Automobile Leasing Trust 2023-2	5.540%	05/20/2027	0.2%
GoldenTree Loan Management US CLO 19 Ltd	6.643%	04/20/2037	0.2%
Wells Fargo Commercial Mortgage Trust 2024-MGP	6.003%	08/15/2041	0.2%
Sprint Capital Corp	6.875%	11/15/2028	0.2%
Bacardi Ltd / Bacardi-Martini BV	5.400%	06/15/2033	0.2%
Freddie Mac STACR REMIC Trust 2022-HQA1	9.602%	03/25/2042	0.2%
Mercury Financial Credit Card Master Trust	6.560%	07/20/2029	0.2%
COMM 2015-LC21 Mortgage Trust	4.043%	07/10/2048	0.2%
Antero Resources Corp	7.625%	02/01/2029	0.2%
Elmwood CLO XI Ltd	5.869%	01/20/2038	0.2%
LoanCore 2025 2025-CRE8 Issuer LLC	5.760%	08/17/2042	0.2%
Glencore Funding LLC	5.371%	04/04/2029	0.2%
Bayview Opportunity Master Fund VI Trust 2021-INV6	2.500%	10/25/2051	0.2%
30-YR UMBS-TBA PROD MAR	4.500%	09/01/2054	0.2%
JP Morgan Chase Commercial Mortgage Securities Trust 2018-WPT	5.502%	07/05/2033	0.2%
Arthur J Gallagher & Co	5.000%	02/15/2032	0.2%
Affirm Asset Securitization Trust 2024-A	5.610%	02/15/2029	0.2%
Devon Energy Corp	5.200%	09/15/2034	0.2%
Jackson National Life Global Funding	4.600%	10/01/2029	0.2%
Santander Drive Auto Receivables Trust 2022-5	4.740%	10/16/2028	0.2%
CARLYLE US CLO 2023-2 LTD	7.293%	07/20/2036	0.2%
Aethon United BR LP / Aethon United Finance Corp	7.500%	10/01/2029	0.2%
Foundry JV Holdco LLC	5.500%	01/25/2031	0.2%
Wells Fargo Commercial Mortgage Trust 2025-5C3	6.096%	01/15/2058	0.2%
Flagstar Mortgage Trust 2021-3INV	2.500%	06/25/2051	0.2%
Freddie Mac STACR REMIC Trust 2022-DNA4	7.702%	05/25/2042	0.2%
Freddie Mac STACR REMIC Trust 2022-DNA1	6.852%	01/25/2042	0.2%
Warnermedia Holdings Inc	3.788%	03/15/2025	0.2%
Hyundai Auto Lease Securitization Trust 2025-A	4.830%	01/18/2028	0.2%
RAD CLO 21 Ltd	5.867%	01/25/2037	0.2%
Fannie Mae Pool	4.000%	05/01/2052	0.2%
Beacon Funding Trust	6.266%	08/15/2054	0.2%
Morgan Stanley	2.239%	07/21/2032	0.2%
Ready Capital Mortgage Financing 2022-FL8 LLC	6.002%	01/25/2037	0.2%
Anglo American Capital PLC	3.875%	03/16/2029	0.2%
Chile Electricity Lux Mpc II Sarl	5.580%	10/20/2035	0.2%
Avolon Holdings Funding Ltd	4.250%	04/15/2026	0.2%
Connecticut Avenue Securities Trust 2023-R02	6.652%	01/25/2043	0.2%
Ford Motor Co	9.625%	04/22/2030	0.2%
Angolan Government International Bond	8.750%	04/14/2032	0.2%
UBS Group AG	1.364%	01/30/2027	0.2%
Connecticut Avenue Securities Trust 2023-R03	8.252%	04/25/2043	0.2%
J.P. Morgan Mortgage Trust 2021-15	3.000%	06/25/2052	0.2%
Perimeter Master Note Business Trust	4.170%	12/15/2026	0.2%
Royalty Pharma PLC	5.400%	09/02/2034	0.2%
Bank of America Corp	3.970%	03/05/2029	0.2%
Appalachian Power Co	5.650%	04/01/2034	0.2%
Freedom Mortgage Corp	12.250%	10/01/2030	0.2%
LoanCore 2022-CRE7 Issuer Ltd	5.889%	01/17/2037	0.2%
Kimmeridge Texas Gas LLC	8.500%	02/15/2030	0.2%
Panama Government International Bond	6.400%	02/14/2035	0.1%
Narragansett Electric Co/The	5.350%	05/01/2034	0.1%
Freddie Mac Pool	5.000%	07/01/2052	0.1%
Petroleos Mexicanos	6.700%	02/16/2032	0.1%
Novelis Inc	6.875%	01/30/2030	0.1%
Mitsubishi Corp	5.125%	07/17/2034	0.1%
AES Corp/The	2.450%	01/15/2031	0.1%
GS Mortgage-Backed Securities Trust 2021-PJ2	2.500%	07/25/2051	0.1%
Boeing Co/The	6.528%	05/01/2034	0.1%
VICI Properties LP / VICI Note Co Inc	5.750%	02/01/2027	0.1%
SEB Funding LLC	4.969%	01/30/2052	0.1%
Organon & Co / Organon Foreign Debt Co-Issuer BV	5.125%	04/30/2031	0.1%
EQT Corp	5.750%	02/01/2034	0.1%
Ivanhoe Mines Ltd	7.875%	01/23/2030	0.1%
Fannie Mae Pool	2.500%	12/01/2051	0.1%
CIM Trust 2021-J1	2.500%	03/25/2051	0.1%
Greenko Dutch BV	3.850%	03/29/2026	0.1%
CCO Holdings LLC / CCO Holdings Capital Corp	4.750%	03/01/2030	0.1%
Vistra Operations Co LLC	7.750%	10/15/2031	0.1%
Entergy Louisiana LLC	5.700%	03/15/2054	0.1%
Nuveen LLC	5.850%	04/15/2034	0.1%
American Tower Corp	2.400%	03/15/2025	0.1%
FMG Resources August 2006 Pty Ltd	4.375%	04/01/2031	0.1%
Saks Global Enterprises LLC	11.000%	12/15/2029	0.1%
Fannie Mae Pool	3.500%	07/01/2045	0.1%
Weekley Homes LLC / Weekley Finance Corp	4.875%	09/15/2028	0.1%
Aircastle Ltd	6.500%	07/18/2028	0.1%
American Airlines Inc	7.250%	02/15/2028	0.1%
Generate CLO 14 Ltd	6.390%	04/22/2037	0.1%
Colombia Government International Bond	7.500%	02/02/2034	0.1%
AT&T Inc	4.300%	02/15/2030	0.1%
McAfee Corp	7.375%	02/15/2030	0.1%
Freddie Mac Multifamily Structured Pass Through Certificates	4.350%	01/25/2033	0.1%
Ford Motor Credit Co LLC	7.200%	06/10/2030	0.1%
Hyundai Capital America	1.800%	10/15/2025	0.1%
Cadence Design Systems Inc	4.700%	09/10/2034	0.1%
Ecopetrol SA	8.375%	01/19/2036	0.1%
Exeter Automobile Receivables Trust 2023-1	12.070%	09/16/2030	0.1%
PNC Financial Services Group Inc/The	5.401%	07/23/2035	0.1%
Imperial Brands Finance PLC	5.875%	07/01/2034	0.1%
AAdvantage Loyalty IP Ltd	9.339%	04/20/2028	0.1%
GA Global Funding Trust	4.400%	09/23/2027	0.1%
Accenture Capital Inc	4.250%	10/04/2031	0.1%
AB BSL CLO 3 Ltd	5.868%	04/20/2038	0.1%
Westlake Automobile Receivables Trust 2024-1	6.020%	10/15/2029	0.1%
Regatta XXVII Funding Ltd	6.300%	04/26/2037	0.1%
ICG US CLO 2024-1 Ltd	5.902%	04/15/2037	0.1%
Enel Finance International NV	5.125%	06/26/2029	0.1%
J P MORGAN SECURITIES INC	4.380%	03/03/2025	0.1%
Minejesa Capital BV	4.625%	08/10/2030	0.1%
Air Lease Corp	5.200%	07/15/2031	0.1%
BMO 2023-C5 Mortgage Trust	5.494%	06/15/2056	0.1%
Genesee & Wyoming Inc	6.099%	04/10/2031	0.1%
Freddie Mac STACR REMIC Trust 2023-DNA2	6.453%	04/25/2043	0.1%
Morgan Stanley	5.297%	04/20/2037	0.1%
American Tower Corp	3.800%	08/15/2029	0.1%
IPALCO Enterprises Inc	5.750%	04/01/2034	0.1%
Centene Corp	4.250%	12/15/2027	0.1%
Viterra Finance BV	4.900%	04/21/2027	0.1%
Carvana Auto Receivables Trust 2020-NP1	5.200%	07/15/2027	0.1%
VICI Properties LP / VICI Note Co Inc	4.625%	12/01/2029	0.1%
Neuberger Berman Group LLC / Neuberger Berman Finance Corp	4.500%	03/15/2027	0.1%
Rollins Inc	5.250%	02/24/2035	0.1%
Aviation Capital Group LLC	1.950%	01/30/2026	0.1%
Hudson River Trading LLC	7.323%	03/18/2030	0.1%
ABN AMRO Bank NV	3.324%	03/13/2037	0.1%
Bank of America Corp	1.658%	03/11/2027	0.1%
GA Global Funding Trust	2.900%	01/06/2032	0.1%
Eastern Gas Transmission & Storage Inc	3.000%	11/15/2029	0.1%
Connecticut Avenue Securities Trust 2023-R04	6.653%	05/25/2043	0.1%
Baytex Energy Corp	8.500%	04/30/2030	0.1%
Atlassian Corp	5.500%	05/15/2034	0.1%
Benchmark 2024-V12 Mortgage Trust	5.738%	12/15/2057	0.1%
Boardwalk Pipelines LP	3.400%	02/15/2031	0.1%
BMO 2024-5C8 Mortgage Trust	5.625%	12/15/2057	0.1%
Connecticut Avenue Securities Trust 2024-R03	6.303%	03/25/2044	0.1%
Freddie Mac Pool	3.500%	02/01/2046	0.1%
KeyCorp	6.401%	03/06/2035	0.1%
Texas Natural Gas Securitization Finance Corp	5.102%	04/01/2035	0.1%
Alfa Desarrollo SpA	4.550%	09/27/2051	0.1%
UBS Group AG	4.703%	08/05/2027	0.1%
JP Morgan Mortgage Trust 2021-13	2.500%	04/25/2052	0.1%
Connecticut Avenue Securities Trust 2023-R04	7.903%	05/25/2043	0.1%
Charter Communications Operating LLC	6.573%	12/15/2031	0.1%
Dryden 107 CLO Ltd	7.323%	08/15/2035	0.1%
Westlake Automobile Receivables Trust 2023-1	5.740%	08/15/2028	0.1%
Chase Home Lending Mortgage Trust 2024-RPL4	3.375%	12/25/2064	0.1%
Sammons Financial Group Global Funding	5.100%	12/10/2029	0.1%
Columbia Pipeline Group Inc	4.500%	06/01/2025	0.1%
Discovery Communications LLC	3.950%	03/20/2028	0.1%
Fannie Mae Pool	2.500%	05/01/2052	0.1%
Ford Motor Credit Co LLC	6.054%	11/05/2031	0.1%
Fannie Mae Pool	2.000%	02/01/2036	0.1%
Citadel Securities Global Holdings LLC	6.325%	10/31/2031	0.1%
IRB Infrastructure Developers Ltd	7.110%	03/11/2032	0.1%
Coterra Energy Inc	5.600%	03/15/2034	0.1%
Entergy Louisiana LLC	5.800%	03/15/2055	0.1%
Fannie Mae Pool	4.000%	05/01/2052	0.1%
NRG Energy Inc	6.068%	04/16/2031	0.1%
J.P. Morgan Mortgage Trust 2021-INV8	3.000%	05/25/2052	0.1%
Connecticut Avenue Securities Trust 2024-R04	6.002%	05/25/2044	0.1%
Ford Motor Credit Co LLC	3.375%	11/13/2025	0.1%
Boeing Co/The	6.858%	05/01/2054	0.1%
JP Morgan Mortgage Trust 2022-INV1	3.000%	03/25/2052	0.1%
Neuberger Berman Group LLC / Neuberger Berman Finance Corp	4.875%	04/15/2045	0.1%
Towd Point Mortgage Trust 2019-HY1	6.434%	10/25/2048	0.1%
BX Commercial Mortgage Trust 2024-XL4	5.754%	02/15/2039	0.1%
JB Poindexter & Co Inc	8.750%	12/15/2031	0.1%
Morgan Stanley	5.320%	07/19/2035	0.1%
Fannie Mae Pool	5.000%	07/01/2052	0.1%
GXO Logistics Inc	6.500%	05/06/2034	0.1%
Freddie Mac Pool	4.150%	10/01/2029	0.1%
Bayer Corp/NJ	6.650%	02/15/2028	0.1%
Connecticut Avenue Securities Trust 2023-R01	6.753%	12/25/2042	0.1%
Mitsubishi UFJ Financial Group Inc	5.541%	04/17/2026	0.1%
KIND Commercial Mortgage Trust 2024-1	6.202%	08/15/2041	0.1%
Fannie Mae Pool	3.000%	03/01/2037	0.1%
Hilton Domestic Operating Co Inc	6.064%	11/08/2030	0.1%
Ford Motor Credit Co LLC	4.134%	08/04/2025	0.1%
Bain Capital Credit CLO 2023-4 Ltd	7.193%	10/21/2036	0.1%
CONE Trust 2024-DFW1	5.954%	08/15/2041	0.1%
Kennedy-Wilson Inc	4.750%	03/01/2029	0.1%
Allied Universal Holdco LLC / Allied Universal Finance Corp	6.000%	06/01/2029	0.1%
Directv Financing LLC / Directv Financing Co-Obligor Inc	5.875%	08/15/2027	0.1%
Howden UK Refinance PLC / Howden UK Refinance 2 PLC / Howden US Refinance LLC	7.250%	02/15/2031	0.1%
Carnival Corp	6.125%	02/15/2033	0.1%
Freddie Mac STACR REMIC Trust 2024-DNA2	5.552%	05/25/2044	0.1%
Saudi Government International Bond	5.750%	01/16/2054	0.1%
Coca-Cola Consolidated Inc	5.450%	06/01/2034	0.1%
Fannie Mae Pool	2.500%	08/01/2035	0.1%
Walgreens Boots Alliance Inc	8.125%	08/15/2029	0.1%
Medco Maple Tree Pte Ltd	8.960%	04/27/2029	0.1%
LSB Industries Inc	6.250%	10/15/2028	0.1%
Lightning Power LLC	7.250%	08/15/2032	0.1%
DaVita Inc	6.875%	09/01/2032	0.1%
Block Inc	2.750%	06/01/2026	0.1%
LD Celulose International GmbH	7.950%	01/26/2032	0.1%
Rain Carbon Inc	12.250%	09/01/2029	0.1%
Jane Street Group LLC	6.396%	12/15/2031	0.1%
Vermilion Energy Inc	6.875%	05/01/2030	0.1%
New Residential Mortgage Loan Trust 2020-RPL1	3.854%	11/25/2059	0.1%
Goodyear Tire & Rubber Co/The	5.000%	07/15/2029	0.1%
Biocon Biologics Global PLC	6.670%	10/09/2029	0.1%
Fannie Mae Pool	2.500%	08/01/2050	0.1%
NOVA Chemicals Corp	9.000%	02/15/2030	0.1%
MGM China Holdings Ltd	4.750%	02/01/2027	0.1%
Cloud Software Group Inc	9.000%	09/30/2029	0.1%
Calpine Corp	6.062%	01/31/2031	0.1%
Wynn Macau Ltd	5.625%	08/26/2028	0.1%
EQUS 2021-EQAZ Mortgage Trust	5.331%	10/15/2038	0.1%
J.P. Morgan Mortgage Trust 2022-1	3.000%	07/25/2052	0.1%
Ares LXVII CLO Ltd	5.853%	01/25/2038	0.1%
NRG Energy Inc	6.000%	02/01/2033	0.1%
JetBlue Airways Corp / JetBlue Loyalty LP	9.875%	09/20/2031	0.1%
Brandywine Operating Partnership LP	4.550%	10/01/2029	0.1%
Diamond Foreign Asset Co / Diamond Finance LLC	8.500%	10/01/2030	0.1%
Encino Acquisition Partners Holdings LLC	8.750%	05/01/2031	0.1%
Block Inc	6.500%	05/15/2032	0.1%
Galaxy Pipeline Assets Bidco Ltd	3.250%	09/30/2040	0.1%
Cheniere Energy Partners LP	3.250%	01/31/2032	0.1%
Hyundai Capital America	5.800%	06/26/2025	0.1%
Iron Mountain Information Management Services Inc	5.000%	07/15/2032	0.1%
J.P. Morgan Mortgage Trust 2022-4	3.000%	10/25/2052	0.1%
EMRLD Borrower LP / Emerald Co-Issuer Inc	6.750%	07/15/2031	0.1%
EquipmentShare.com Inc	9.000%	05/15/2028	0.1%
APA Corp	4.250%	01/15/2030	0.1%
SCF Equipment Leasing 2021-1 LLC	3.560%	08/20/2032	0.1%
California Resources Corp	8.250%	06/15/2029	0.1%
Bombardier Inc	7.250%	07/01/2031	0.1%
SunCoke Energy Inc	4.875%	06/30/2029	0.1%
Hecla Mining Co	7.250%	02/15/2028	0.1%
Univision Communications Inc	8.500%	07/31/2031	0.1%
Allied Universal Holdco LLC	7.875%	02/15/2031	0.1%
Jacobs Entertainment Inc	6.750%	02/15/2029	0.1%
Mauser Packaging Solutions Holding Co	9.250%	04/15/2027	0.1%
HILCORP ENERGY I LP	6.324%	02/05/2030	0.1%
Prosus NV	4.027%	08/03/2050	0.1%
Driven Brands Funding LLC	3.786%	07/20/2050	0.1%
EPR Properties	4.950%	04/15/2028	0.1%
Chase Home Lending Mortgage Trust Series 2024-RPL2	3.250%	08/25/2064	0.1%
ATI Inc	7.250%	08/15/2030	0.1%
Cloud Software Group Inc	6.500%	03/31/2029	0.1%
Union Electric Co	5.125%	03/15/2055	0.1%
Crescent Energy Finance LLC	7.375%	01/15/2033	0.1%
Oglethorpe Power Corp	5.800%	06/01/2054	0.1%
Vital Energy Inc	7.875%	04/15/2032	0.1%
EQM Midstream Partners LP	7.500%	06/01/2030	0.1%
Genesis Energy LP / Genesis Energy Finance Corp	8.250%	01/15/2029	0.1%
BAT Capital Corp	5.834%	02/20/2031	0.1%
Fortress Transportation and Infrastructure Investors LLC	5.500%	05/01/2028	0.1%
Smyrna Ready Mix Concrete LLC	6.000%	11/01/2028	0.1%
Freddie Mac Pool	6.000%	09/01/2039	0.1%
Rand Parent LLC	8.500%	02/15/2030	0.1%
FIEMEX Energia - Banco Actinver SA Institucion de Banca Multiple	7.250%	01/31/2041	0.1%
CITGO Petroleum Corp	8.375%	01/15/2029	0.1%
LifePoint Health Inc	9.875%	08/15/2030	0.1%
Newell Brands Inc	6.375%	09/15/2027	0.1%
NRG Energy Inc	4.450%	06/15/2029	0.1%
Altice France SA	8.125%	02/01/2027	0.1%
Glencore Funding LLC	6.375%	10/06/2030	0.1%
Molina Healthcare Inc	4.375%	06/15/2028	0.1%
National Fuel Gas Co	5.950%	03/15/2035	0.1%
30-YR UMBS-TBA PROD APR	5.000%	09/01/2054	0.1%
Wells Fargo Mortgage Backed Securities 2021-INV2 Trust	2.500%	09/25/2051	0.1%
Fannie Mae Pool	5.000%	07/01/2052	0.1%
Valaris Ltd	8.375%	04/30/2030	0.1%
30-YR GNMA II-TBA PROD MAR	6.500%	04/01/2054	0.1%
REYNOLDS CONSUMER PRODUCTS LLC	6.073%	02/19/2032	0.1%
Fairstone Financial Issuance Trust I	6.873%	10/20/2039	0.1%
Ford Motor Credit Co LLC	2.700%	08/10/2026	0.1%
TEXAS Commercial Mortgage Trust 2025-TWR	5.903%	04/15/2042	0.1%
Entergy Texas Inc	5.550%	09/15/2054	0.1%
Dynasty Acquisition Co Inc	6.574%	10/31/2031	0.1%
Connecticut Avenue Securities Trust 2021-R01	5.902%	10/25/2041	0.1%
LABL Inc	9.500%	11/01/2028	0.1%
Trans Union LLC	6.073%	06/24/2031	0.1%
Assurant Inc	2.650%	01/15/2032	0.1%
COMM 2014-UBS4 Mortgage Trust	4.781%	08/10/2047	0.1%
Avolon Holdings Funding Ltd	6.375%	05/04/2028	0.1%
Teva Pharmaceutical Finance Netherlands III BV	3.150%	10/01/2026	0.1%
United States Steel Corp	6.875%	03/01/2029	0.1%
Flagstar Mortgage Trust 2021-12	2.500%	11/25/2051	0.1%
Connecticut Avenue Securities Trust 2023-R01	8.103%	12/25/2042	0.1%
EPR Properties	4.500%	06/01/2027	0.1%
Flagstar Mortgage Trust 2021-7	2.500%	08/25/2051	0.1%
UBS Group AG	6.327%	12/22/2027	0.1%
Arbor Realty Commercial Real Estate Notes 2021-FL4 Ltd	5.776%	11/15/2036	0.1%
NGPL PipeCo LLC	3.250%	07/15/2031	0.1%
HUB International Ltd	7.375%	01/31/2032	0.1%
30-YR UMBS-TBA PROD MAR	3.000%	08/01/2051	0.1%
Senegal Government International Bond	6.250%	05/23/2033	0.1%
Mill City Mortgage Loan Trust 2021-NMR1	3.672%	11/25/2060	0.1%
GS Mortgage Securities Corp Trust 2021-ROSS	9.227%	05/15/2026	0.1%
Macquarie Bank Ltd	3.624%	06/03/2030	0.1%
Asurion LLC	7.687%	12/23/2026	0.1%
Affirm Asset Securitization Trust 2024-A	5.610%	02/15/2029	0.1%
Avant Loans Funding Trust 2021-REV1	4.300%	07/15/2030	0.1%
FirstEnergy Transmission LLC	5.000%	01/15/2035	0.1%
Emrld Borrower LP	6.810%	08/04/2031	0.1%
HCA Inc	5.450%	09/15/2034	0.1%
Ascent Resources Utica Holdings LLC / ARU Finance Corp	6.625%	10/15/2032	0.1%
Dominion Energy Inc	6.875%	02/01/2055	0.1%
Flagship Credit Auto Trust 2022-3	4.550%	04/15/2027	0.1%
Florida Power & Light Co	5.800%	03/15/2065	0.1%
Watco Cos LLC / Watco Finance Corp	7.125%	08/01/2032	0.1%
NatWest Group PLC	4.964%	08/15/2030	0.1%
Corpay Technologies Operating Co LLC	6.074%	04/28/2028	0.1%
Fannie Mae Pool	3.500%	09/01/2051	0.1%
Stena International SA	7.250%	01/15/2031	0.1%
Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC	6.250%	03/15/2033	0.1%
Fannie Mae Pool	6.000%	02/01/2039	0.1%
30-YR UMBS-TBA PROD APR	6.500%	03/01/2054	0.1%
Baxalta Inc	4.000%	06/23/2025	0.1%
Universal Health Services Inc	5.050%	10/15/2034	0.1%
Arbor Realty Commercial Real Estate Notes 2021-FL3 Ltd	5.496%	08/15/2034	0.1%
Jersey Central Power & Light Co	5.100%	01/15/2035	0.1%
Fannie Mae Pool	2.500%	08/01/2051	0.1%
Alpha Generation LLC	6.750%	10/15/2032	0.1%
Mexico Government International Bond	6.000%	05/13/2030	0.0%
Freddie Mac STACR REMIC Trust 2022-HQA2	7.002%	07/25/2042	0.0%
Wisconsin Electric Power Co	5.050%	10/01/2054	0.0%
Metropolitan Life Global Funding I	4.050%	08/25/2025	0.0%
Connecticut Avenue Securities Trust 2023-R07	6.303%	09/25/2043	0.0%
Aramark Services Inc	6.324%	06/24/2030	0.0%
Trans Union LLC	6.172%	06/24/2031	0.0%
VICI Properties LP	6.125%	04/01/2054	0.0%
Sabine Pass Liquefaction LLC	5.625%	03/01/2025	0.0%
Freddie Mac Pool	2.500%	05/01/2052	0.0%
Dynasty Acquisition Co Inc	6.574%	10/31/2031	0.0%
15-YR UMBS-TBA PROD MAR	6.000%	12/01/2038	0.0%
BSPRT 2022-FL8 Issuer Ltd	5.839%	02/15/2037	0.0%
30-YR GNMA II-TBA PROD APR	6.500%	04/01/2054	0.0%
ZF North America Capital Inc	6.750%	04/23/2030	0.0%
US 5YR NOTE (CBT) Jun25	0.000%	06/30/2025	0.0%
FX USD/CAD 03/25	0.000%	03/07/2025	0.0%
US 10yr Ultra Fut Jun25	0.000%	06/18/2025	0.0%
30-YR UMBS-TBA PROD MAR	5.000%	09/01/2054	0.0%
US ULTRA BOND CBT Jun25	0.000%	06/18/2025	0.0%
Galaxy XXI CLO Ltd	5.575%	04/20/2031	0.0%
Ford Credit Auto Lease Trust 2023-A	4.940%	03/15/2026	0.0%
Octane Receivables Trust 2022-2	5.110%	02/22/2028	0.0%
30-YR UMBS-TBA PROD MAR	6.500%	03/01/2054	0.0%
Starwood Mortgage Residential Trust 2020-1	2.275%	02/25/2050	0.0%
Rain CII Carbon LLC / CII Carbon Corp	7.250%	04/01/2025	0.0%
Hudsons Bay Simon JV Trust 2015-HBS	0.541%	08/05/2034	0.0%
Hudsons Bay Simon JV Trust 2015-HBS	0.493%	08/05/2034	0.0%
OGX Austria GmbH	8.500%	06/01/2018	0.0%
Citigroup Commercial Mortgage Trust 2014-GC25	0.000%	10/10/2047	0.0%
WFRBS Commercial Mortgage Trust 2014-C23	0.083%	10/15/2057	0.0%

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

Dividends & Cap Gains

Dividend Payments

For

YTD Dividends Paidas of 04/28/2025: $0.09833
Dividend Frequency: Monthly (Daily Accrual)

Record Date	Ex-Dividend Date	Reinvest & Payable Date	Dividend	Reinvest Price
Daily	Daily	03/31/2025	$0.03298	$8.80
Daily	Daily	02/28/2025	$0.03252	$8.85
Daily	Daily	01/31/2025	$0.03282	$8.70

Upcoming Dividend Payment Dates

Record Date	Ex-Dividend Date	Reinvest & Payable Date
Daily	Daily	04/30/2025
Daily	Daily	05/31/2025
Daily	Daily	06/30/2025
Daily	Daily	07/31/2025
Daily	Daily	08/31/2025
Daily	Daily	09/30/2025
Daily	Daily	10/31/2025
Daily	Daily	11/30/2025
Daily	Daily	12/31/2025

Capital Gains Distributions

For

Record Date	Reinvest & Payable Date	Long-term	Short-term *	Total	Reinvest Price
12/16/2021	12/17/2021	$0.0629	-	$0.0629	$10.54

Taxed as ordinary income

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

Fees & Expenses

Expense Ratioas of 03/31/2025

Fund Gross Expense Ratio	0.91%
Fund Net Expense Ratio	0.91%

Fund Documents

0Documents selected
Portfolio Holdings 1Q Publish Date:11/03/2015
Portfolio Holdings 3Q Publish Date:11/03/2015
Summary Prospectus Publish Date:11/03/2015
Statutory Prospectus Publish Date:11/03/2015
SAI Publish Date:11/03/2015
Annual Financial Statements and Other Information * Publish Date:11/03/2015
Annual Tailored Shareholder Report Publish Date:11/03/2015
Semi-Annual Financial Statements and Other Information * Publish Date:11/03/2015
Semi-Annual Tailored Shareholder Report Publish Date:11/03/2015
Fact Sheet Publish Date:11/03/2015
Commentary Publish Date:11/03/2015

* includes items 7-11 of form N-CSR as required, if any.

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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.

The 30-Day Standardized Yield represents net investment income earned by a fund over a 30-day period. It is expressed as an annual percentage rate using a method of calculation adopted by the Securities and Exchange Commission (SEC). Yields for other share classes will vary.

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

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

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

IMPORTANT INFORMATION

A Note about Risk: The Fund is subject to the general risks associated with investing in debt securities, including market, credit, liquidity, and interest rate risk. The value of an investment in the Fund will change as interest rates fluctuate in response to market movements. When interest rates rise, the prices of debt securities are likely to decline, and when interest rates fall, the prices of debt securities tend to rise. The Fund may invest in high yield, lower-rated debt securities, sometimes called junk bonds and may involve greater risks than higher rated debt securities. These securities carry increased risks of price volatility, illiquidity, and the possibility of default in the timely payment of interest and principal. The Fund may invest in foreign or emerging market securities, which may be adversely affected by economic, political, or regulatory factors and subject to currency volatility and greater liquidity risk. The Fund may invest in derivatives, which are subject to greater liquidity, leverage, and counterparty risk. These factors can affect Fund performance.

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

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

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

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

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

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

The Bloomberg U.S. Aggregate Bond Index represents securities that are SEC-registered, taxable, and dollar denominated. The index covers the U.S. investment grade fixed rate bond market, with index components for government and corporate securities, mortgage pass-through securities, and asset-backed securities. Total return comprises price appreciation/depreciation and income as a percentage of the original investment.

Indexes reflect total return, unless otherwise specified, with all dividends reinvested. Indexes are unmanaged, do not reflect the deduction of fees or expenses, and are not available for direct investment.

Lipper Category Average - Peer group averages are based on universes of funds with the same investment objectives. The average return for the peer group is based on the returns of each individual fund within the group for the period shown. This average assumes reinvestment of dividends.

The Net Expense Ratio takes into account a voluntary expense reimbursement arrangement, which may be modified or terminated at any time and without which performance would have been lower.

Fund Expense Ratio Detail: Reflects expenses for the Fund's fiscal year-end and is subject to change. Fund expenses may fluctuate with market volatility. A substantial reduction in Fund assets (since its most recently completed fiscal year), whether caused by market conditions or significant redemptions or both, will likely cause total operating expenses (as a percentage of Fund assets) to become higher than those shown.

Lipper Category Average Expense Ratio reflects the average net expenses of Class A shares of all funds with in the peer group based on Lipper data available.

The Fund's portfolio is actively managed and portfolio characteristics, such as individual holdings and sector weightings may change significantly over time. The portfolio data is for information only. It does not constitute a recommendation or an offer for a particular security or fund, nor should it be taken as a solicitation or recommendation to buy or sell securities or other investments.

Dividends and Capital Gains: The information presented in this section is intended for general information and is not intended to be relied upon and should not be relied upon, as financial, legal or tax advice for any particular investor. We strongly recommend that you contact your financial, legal or tax advisor regarding your particular tax situation.

The information presented in this section is not written or intended to be used, and cannot be used, for the purpose of avoiding any tax liabilities or penalties.

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.

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Summary

Summary

What is the Total Return Fund?

The Fund seeks to deliver current income and the opportunity for capital appreciation by investing primarily in U.S. investment grade corporate, government, and mortgage- and asset-backed securities, with select allocations to high yield and foreign debt securities.

EXPERIENCED INVESTMENT TEAM

DISCIPLINED, FLEXIBLE APPROACH

CONSISTENT, RISK-ADJUSTED RETURNS

Yield

Average Yield to Maturity as of 03/31/2025

Distribution Yield as of 04/28/2025

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

Fund Basicsas of 03/31/2025

Fund Expense Ratio :

Gross 0.91%

Net 0.91%

Fund Expense Ratio :

Gross 0.91%

Net 0.91%

Fund Expense Ratio :

Gross 0.91%

Net 0.91%

Fund Expense Ratio :

Gross 0.91%

Net 0.91%

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

INVESTMENT TEAM

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Performance

Performance

Average Yield to Maturity as of 03/31/2025

Distribution Yield as of 04/28/2025

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

Fund Expense Ratio :

Gross 0.91%

Net 0.91%

Fund Expense Ratio :

Gross 0.91%

Net 0.91%

Fund Expense Ratio :

Gross 0.91%

Net 0.91%

Fund Expense Ratio :

Gross 0.91%

Net 0.91%

NAV Historical Prices

Portfolio

Portfolio

Credit Quality Distribution as of 03/31/2025

Portfolio Positioning as of 03/31/2025

Portfolio Details as of 03/31/2025

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

Upcoming Dividend Payment Dates

Capital Gains Distributions

Fees & Expenses

Fees & Expenses

Expense Ratioas of 03/31/2025

Fund Documents

Fund Documents

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

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