LTRTX | Total Return Fund Class R5 | Lord Abbett
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    Total Return Fund

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    Daily price w/o sales charge as of 05/06/2025

    $8.66

    arrowUp$0.02

    YTD Returns w/o sales charge as of 05/06/2025

    1.99%

    Click here to view all legal text including risk information

    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

    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 05/06/2025  

    		5.07%

    30-Day Standardized Yield 1 as of 04/30/2025  

    		5.07%

    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
    06/30/2015
    Dividend Frequency
    Monthly
    Fund Gross Expense Ratio
    0.46%
    Fund Net Expense Ratio
    0.46%
    Number of Holdings
    565

    Fund Expense Ratio :

    Gross 0.46%

    Net 0.46%

    YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/14/1998
    YTD
    1-YR
    3-YR
    5-YR
    10-YR
    Since Inception 12/14/1998
    w/o sales charge 2.61% 8.01% 1.99% 0.63% 1.76% 4.43%
    Lipper Category Avg. Core Bond Funds 2.99% 7.94% 1.92% -0.07% 1.55% -10000.0%
    Bloomberg U.S. Aggregate Bond Index 3.18% 8.02% 1.95% -0.67% 1.54% -10000.0%
    w/ sales charge 2.61% 8.01% 1.99% 0.63% 1.76% 4.43%

    Fund Expense Ratio :

    Gross 0.46%

    Net 0.46%

    Fund Expense Ratio :

    Gross 0.46%

    Net 0.46%

    YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/14/1998
    YTD
    1-YR
    3-YR
    5-YR
    10-YR
    Since Inception 12/14/1998
    w/o sales charge 2.65% 5.65% 0.86% 1.05% 1.76% 4.44%
    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% -10000.0%

    Fund Expense Ratio :

    Gross 0.46%

    Net 0.46%

    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
    Kewjin Yuoh

    Partner, Portfolio Manager

    31 Years of Industry Experience

    Andrew H. O'Brien
    Andrew H. O'Brien, CFA

    Partner, Portfolio Manager

    27 Years of Industry Experience

    Steven F. Rocco
    Steven F. Rocco, CFA

    Partner & Co-Head of Taxable Fixed Income

    24 Years of Industry Experience

    Robert A. Lee
    Robert A. Lee

    Partner & Co-Head of Taxable Fixed Income

    34 Years of Industry Experience

    Adam C. Castle
    Adam C. Castle, CFA

    Partner, Portfolio Manager

    17 Years of Industry Experience

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

    Partner & Portfolio Manager

    24 Years of Industry Experience

    Harris Trifon
    Harris Trifon

    Partner, Portfolio Manager

    25 Years of Industry Experience

    Karen J. Gunnerson
    Karen J. Gunnerson

    Senior Managing Director, Portfolio Manager

    15 Years of Industry Experience

    Yoana N. Koleva
    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

    Performance

    Average Yield to Maturity as of 03/31/2025

    5.35%

    Distribution Yield as of 05/06/2025  

    5.07%

    30-Day Standardized Yield 1 as of 04/30/2025  

      Subsidized2 Un-Subsidized3
    w/o sales charge 5.07% 5.07%

    Fund Expense Ratio :

    Gross 0.46%

    Net 0.46%

    YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/14/1998
    YTD
    1-YR
    3-YR
    5-YR
    10-YR
    Since Inception 12/14/1998
    w/o sales charge 2.61% 8.01% 1.99% 0.63% 1.76% 4.43%
    Lipper Category Avg. Core Bond Funds 2.99% 7.94% 1.92% -0.07% 1.55% -10000.0%
    Bloomberg U.S. Aggregate Bond Index 3.18% 8.02% 1.95% -0.67% 1.54% -10000.0%
    w/ sales charge 2.61% 8.01% 1.99% 0.63% 1.76% 4.43%

    Fund Expense Ratio :

    Gross 0.46%

    Net 0.46%

    Fund Expense Ratio :

    Gross 0.46%

    Net 0.46%

    YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/14/1998
    YTD
    1-YR
    3-YR
    5-YR
    10-YR
    Since Inception 12/14/1998
    w/o sales charge 2.65% 5.65% 0.86% 1.05% 1.76% 4.44%
    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% -10000.0%

    Fund Expense Ratio :

    Gross 0.46%

    Net 0.46%

    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 Bloomberg U.S. Aggregate Bond Index
    Year
    Fund Returns
    Bloomberg U.S. Aggregate Bond Index
    2024 2.77% 1.25%
    2023 6.38% 5.53%
    2022 -13.89% -13.01%
    2021 0.19% -1.54%
    2020 7.57% 7.51%
    2019 8.53% 8.72%
    2018 -0.73% 0.01%
    2017 4.04% 3.54%
    2016 4.16% 2.65%
    2015 -0.55% 0.55%
    2014 6.33% -10000.0%
    2013 -1.19% -10000.0%
    2012 7.93% -10000.0%
    2011 7.40% -10000.0%
    2010 7.92% -10000.0%
    2009 16.07% -10000.0%
    2008 -0.97% -10000.0%
    2007 6.06% -10000.0%
    2006 4.63% -10000.0%
    2005 2.67% -10000.0%
    Year Q1 Q2 Q3 Q4
    Year
    Q1
    Q2
    Q3
    Q4
    2025 2.65% -10000.0% -10000.0% -10000.0%
    2024 -0.15% 0.34% 5.33% -2.61%
    2023 3.07% -0.54% -2.73% 6.70%
    2022 -5.81% -5.90% -4.44% 1.67%
    2021 -2.37% 2.33% 0.10% 0.20%
    2020 -1.12% 4.58% 1.88% 2.11%
    2019 3.28% 3.04% 1.71% 0.27%
    2018 -1.36% -0.40% 0.31% 0.74%
    2017 1.19% 1.48% 0.89% 0.42%
    2016 2.83% 2.68% 1.30% -2.62%
    2015 1.63% -1.45% 0.00% -0.70%
    2014 2.38% 2.55% 0.11% 1.16%
    2013 0.54% -2.76% 0.54% 0.52%
    2012 1.87% 1.99% 2.76% 1.09%
    2011 1.06% 2.14% 2.43% 1.58%
    2010 2.49% 2.90% 3.36% -0.99%
    2009 2.51% 5.71% 6.31% 0.75%
    2008 1.07% 0.05% -1.96% -0.10%
    2007 1.47% -0.65% 2.82% 2.33%
    2006 -0.29% -0.19% 3.81% 1.27%
    2005 -0.19% 3.01% -0.62% 0.48%
    2004 -10000.0% -10000.0% -10000.0% 1.16%

    NAV Historical Prices

    Date Net Asset Value

    Portfolio

    Portfolio

    Rating Assets
    Investment Grade Corporate
    MBS
    U.S. Government Related
    ABS
    High Yield Corporate
    CMBS
    CLO
    Bank Loans
    Sovereign
    Other
    Cash
    Rating Assets
    Less than 1 year
    1-3 years
    3-5 years
    5-7 years
    7-10 years
    Greater than 10 years

    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/Bond4.625% 11/15/20443.9%
    United States Treasury Note/Bond4.375% 12/31/20292.8%
    United States Treasury Note/Bond4.250% 08/15/20542.5%
    30-YR UMBS-TBA PROD MAY5.500% 11/01/20542.4%
    30-YR GNMA II-TBA PROD MAY6.000% 05/01/20541.7%
    United States Treasury Note/Bond4.500% 11/15/20541.6%
    15-YR UMBS-TBA PROD MAY5.500% 05/01/20391.4%
    United States Treasury Note/Bond4.125% 08/15/20441.4%
    15-YR UMBS-TBA PROD MAY5.000% 10/01/20391.3%
    30-YR GNMA II-TBA PROD APR5.000% 11/01/20541.3%
    30-YR GNMA II-TBA PROD APR6.000% 05/01/20541.3%
    United States Treasury Note/Bond2.375% 02/15/20421.1%
    United States Treasury Bill0.000% 05/06/20251.0%
    United States Treasury Note/Bond3.875% 02/15/20430.9%
    30-YR GNMA II-TBA PROD MAY5.500% 09/01/20540.9%
    30-YR UMBS-TBA PROD APR3.000% 08/01/20510.8%
    J P MORGAN SECURITIES INC4.340% 04/01/20250.8%
    30-YR UMBS-TBA PROD MAY6.000% 06/01/20540.7%
    Fannie Mae Pool2.500% 08/01/20500.7%
    Fannie Mae Pool2.500% 09/01/20500.6%
    30-YR GNMA II-TBA PROD APR3.000% 12/01/20510.6%
    Continental Resources Inc/OK5.750% 01/15/20310.6%
    30-YR GNMA II-TBA PROD APR5.500% 09/01/20540.6%
    30-YR GNMA II-TBA PROD MAY3.000% 12/01/20510.6%
    30-YR GNMA II-TBA PROD APR4.500% 12/01/20540.5%
    15-YR UMBS-TBA PROD APR5.500% 05/01/20390.5%
    30-YR GNMA II-TBA PROD APR2.500% 10/01/20510.5%
    Wells Fargo & Co2.393% 06/02/20280.5%
    30-YR GNMA II-TBA PROD MAY5.000% 11/01/20540.5%
    Fannie Mae Pool3.000% 12/01/20480.5%
    30-YR UMBS-TBA PROD MAY5.000% 08/01/20540.5%
    Citizens Auto Receivables Trust 2023-25.830% 02/15/20280.5%
    15-YR UMBS-TBA PROD APR5.000% 10/01/20390.5%
    EQT Corp7.000% 02/01/20300.5%
    Bank of America Corp2.087% 06/14/20290.4%
    Avolon Holdings Funding Ltd2.125% 02/21/20260.4%
    Imperial Brands Finance PLC5.500% 02/01/20300.4%
    Fannie Mae Pool2.500% 08/01/20500.4%
    Morgan Stanley4.431% 01/23/20300.4%
    30-YR UMBS-TBA PROD APR2.000% 04/01/20510.4%
    Uber Technologies Inc4.500% 08/15/20290.4%
    Chase Auto Owner Trust 2024-15.130% 05/25/20290.4%
    Fairstone Financial Issuance Trust I5.162% 10/20/20390.4%
    Fannie Mae Pool2.500% 09/01/20360.4%
    nVent Finance Sarl4.550% 04/15/20280.4%
    Expand Energy Corp5.875% 02/01/20290.4%
    Freddie Mac Pool6.500% 11/01/20530.4%
    First National Master Note Trust5.340% 05/15/20300.4%
    Magnetite Xlii Ltd5.621% 01/25/20380.4%
    Citigroup Inc3.887% 01/10/20280.4%
    BANK55.646% 04/15/20580.4%
    Goldman Sachs Group Inc/The2.383% 07/21/20320.4%
    JPMorgan Chase & Co4.946% 10/22/20350.4%
    Citigroup Inc3.980% 03/20/20300.4%
    Benchmark 2024-V7 Mortgage Trust6.228% 05/15/20560.4%
    Affirm Asset Securitization Trust 2023-B6.820% 09/15/20280.3%
    UBS Group AG6.373% 07/15/20260.3%
    Freddie Mac Pool5.000% 08/01/20520.3%
    Public Service Electric and Gas Co4.850% 08/01/20340.3%
    VICI Properties LP / VICI Note Co Inc4.250% 12/01/20260.3%
    15-YR UMBS-TBA PROD APR2.500% 11/01/20360.3%
    Freddie Mac Multifamily Structured Pass Through Certificates3.123% 08/25/20320.3%
    International Flavors & Fragrances Inc1.230% 10/01/20250.3%
    Athene Global Funding5.620% 05/08/20260.3%
    United States Treasury Note/Bond4.250% 11/15/20340.3%
    Crown Castle Inc3.300% 07/01/20300.3%
    UBS Group AG6.442% 08/11/20280.3%
    BAT Capital Corp5.350% 08/15/20320.3%
    30-YR UMBS-TBA PROD APR5.500% 11/01/20540.3%
    Citizens Financial Group Inc5.718% 07/23/20320.3%
    United States Treasury Note/Bond3.375% 08/15/20420.3%
    Occidental Petroleum Corp6.625% 09/01/20300.3%
    Entergy Louisiana LLC5.150% 09/15/20340.3%
    Fannie Mae Pool5.000% 08/01/20520.3%
    Bayer US Finance LLC6.375% 11/21/20300.3%
    Lending Funding Trust 2020-22.320% 04/21/20310.3%
    Ballyrock CLO 22 Ltd5.842% 04/15/20370.3%
    Targa Resources Partners LP / Targa Resources Partners Finance Corp5.500% 03/01/20300.3%
    BBCMS Mortgage Trust 2025-5C335.839% 03/15/20580.3%
    Wells Fargo & Co3.584% 05/22/20280.3%
    SBNA Auto Receivables Trust 2024-A5.320% 12/15/20280.3%
    PNC Financial Services Group Inc/The5.676% 01/22/20350.3%
    DLLAD 2023-1 LLC4.800% 06/20/20300.3%
    GM Financial Automobile Leasing Trust 2023-15.510% 01/20/20270.3%
    United States Treasury Note/Bond4.250% 11/30/20260.3%
    Avolon TLB Borrower 1 US LLC6.074% 06/24/20300.3%
    30-YR UMBS-TBA PROD MAY2.000% 04/01/20510.3%
    Fannie Mae Pool4.000% 06/01/20520.3%
    Virginia Electric and Power Co5.050% 08/15/20340.3%
    Bank of America Corp3.593% 07/21/20280.3%
    CIM Trust 2021-J32.500% 06/25/20510.3%
    TORONTO DOMINION BANK THE4.350% 04/01/20250.3%
    GA Global Funding Trust3.850% 04/11/20250.3%
    World Financial Network Credit Card Master Trust5.470% 02/15/20310.3%
    Fannie Mae Pool2.500% 01/01/20510.3%
    Exeter Automobile Receivables Trust 2024-35.570% 09/15/20280.3%
    Hudson Yards 2025-SPRL Mortgage Trust5.467% 01/13/20400.3%
    HCA Inc5.500% 03/01/20320.3%
    Affirm Asset Securitization Trust 2024-B4.620% 09/15/20290.3%
    Indianapolis Power & Light Co5.650% 12/01/20320.3%
    Neuberger Berman Loan Advisers CLO 46 Ltd6.046% 01/20/20370.3%
    Freddie Mac Multifamily Structured Pass Through Certificates2.350% 03/25/20320.3%
    Intesa Sanpaolo SpA6.625% 06/20/20330.3%
    30-YR UMBS-TBA PROD MAY7.000% 05/01/20530.3%
    BofA Auto Trust 2024-15.350% 11/15/20280.3%
    Macquarie Group Ltd2.691% 06/23/20320.3%
    BNP Paribas SA2.219% 06/09/20260.3%
    Macquarie Group Ltd4.654% 03/27/20290.3%
    GM Financial Automobile Leasing Trust 2024-34.210% 10/20/20270.3%
    AES Corp/The3.950% 07/15/20300.3%
    JPMorgan Chase & Co3.540% 05/01/20280.3%
    Freddie Mac Multifamily Structured Pass Through Certificates2.250% 01/25/20320.3%
    World Omni Automobile Lease Securitization Trust 2025-A4.680% 05/15/20300.3%
    Santander Drive Auto Receivables Trust 2024-26.280% 08/15/20310.2%
    Crown Castle Inc5.800% 03/01/20340.2%
    Fannie Mae Pool3.500% 04/01/20520.2%
    ROCK Trust 2024-CNTR5.388% 11/13/20410.2%
    Citizens Auto Receivables Trust 2024-25.260% 04/15/20310.2%
    BMW Vehicle Lease Trust 2023-15.070% 06/25/20260.2%
    Nissan Auto Lease Trust 2025-A4.750% 03/15/20280.2%
    Freddie Mac Multifamily Structured Pass Through Certificates3.820% 12/25/20320.2%
    BNP Paribas SA4.375% 03/01/20330.2%
    Freddie Mac Multifamily Structured Pass Through Certificates3.530% 08/25/20320.2%
    Westlake Automobile Receivables Trust 2024-25.680% 03/15/20300.2%
    Avant Loans Funding Trust 2024-REV15.920% 10/15/20330.2%
    Enbridge Inc8.500% 01/15/20840.2%
    Fannie Mae Pool2.500% 12/01/20510.2%
    Freddie Mac Multifamily Structured Pass Through Certificates2.920% 06/25/20320.2%
    UBS Group AG1.494% 08/10/20270.2%
    Freddie Mac Pool5.000% 08/01/20520.2%
    Bank of America Auto Trust 2023-15.530% 02/15/20280.2%
    FactSet Research Systems Inc3.450% 03/01/20320.2%
    30-YR UMBS-TBA PROD MAY4.500% 09/01/20540.2%
    LPL Holdings Inc4.000% 03/15/20290.2%
    15-YR UMBS-TBA PROD MAY6.000% 11/01/20380.2%
    Global Payments Inc4.950% 08/15/20270.2%
    Minera Mexico SA de CV5.625% 02/12/20320.2%
    Humana Inc1.350% 02/03/20270.2%
    Aviation Capital Group LLC6.375% 07/15/20300.2%
    AMMC CLO 23 Ltd6.353% 04/17/20350.2%
    Freddie Mac Multifamily Structured Pass Through Certificates2.580% 05/25/20320.2%
    Glencore Funding LLC5.634% 04/04/20340.2%
    UBS Group AG4.988% 08/05/20330.2%
    Broadcom Inc5.150% 11/15/20310.2%
    AS Mileage Plan IP Ltd5.308% 10/20/20310.2%
    Freddie Mac Pool6.000% 08/01/20390.2%
    Freddie Mac Pool6.000% 08/01/20390.2%
    Lendmark Funding Trust 2021-11.900% 11/20/20310.2%
    Centene Corp2.450% 07/15/20280.2%
    Santander Drive Auto Receivables Trust 2024-15.450% 03/15/20300.2%
    OHA Credit Funding 3 LTD5.613% 01/20/20380.2%
    Flutter Financing BV6.045% 11/29/20300.2%
    Centene Corp3.375% 02/15/20300.2%
    GA Global Funding Trust5.200% 12/09/20310.2%
    Wells Fargo & Co2.188% 04/30/20260.2%
    GS Mortgage-Backed Securities Trust 2022-PJ63.000% 01/25/20530.2%
    GA Global Funding Trust5.500% 04/01/20320.2%
    Foundry JV Holdco LLC5.900% 01/25/20330.2%
    KKR CLO 35 Ltd5.917% 01/20/20380.2%
    Rollins Inc5.250% 02/24/20350.2%
    Fannie Mae Pool2.500% 12/01/20510.2%
    Mars Inc5.700% 05/01/20550.2%
    Mars Inc5.200% 03/01/20350.2%
    US Bancorp5.678% 01/23/20350.2%
    Principal Life Global Funding II5.100% 01/25/20290.2%
    Freddie Mac Pool2.000% 09/01/20500.2%
    JBS USA Holding Lux Sarl/ JBS USA Food Co/ JBS Lux Co Sarl5.750% 04/01/20330.2%
    Truist Financial Corp5.711% 01/24/20350.2%
    Vistra Operations Co LLC5.700% 12/30/20340.2%
    MasTec Inc4.500% 08/15/20280.2%
    Regal Rexnord Corp6.050% 02/15/20260.2%
    BBCMS Mortgage Trust 2023-C216.000% 09/15/20560.2%
    Antofagasta PLC6.250% 05/02/20340.2%
    Philip Morris International Inc5.625% 11/17/20290.2%
    JBS USA Holding Lux Sarl/ JBS USA Food Co/ JBS Lux Co Sarl3.625% 01/15/20320.2%
    Navient Corp11.500% 03/15/20310.2%
    30-YR GNMA II-TBA PROD APR2.000% 09/01/20510.2%
    Flagship Credit Auto Trust 2020-43.840% 07/17/20280.2%
    TGNR Intermediate Holdings LLC5.500% 10/15/20290.2%
    Freddie Mac STACR REMIC Trust 2022-DNA26.740% 02/25/20420.2%
    SM Energy Co6.750% 08/01/20290.2%
    Birch Grove CLO 3 Ltd5.905% 01/19/20380.2%
    CPS Auto Receivables Trust 2022-B7.140% 10/15/20290.2%
    US Bancorp4.839% 02/01/20340.2%
    Brighthouse Financial Global Funding5.650% 06/10/20290.2%
    PEAC Solutions Receivables 2024-2 LLC4.740% 04/20/20270.2%
    Ausgrid Finance Pty Ltd4.350% 08/01/20280.2%
    Fannie Mae Pool2.500% 06/01/20510.2%
    CenterPoint Energy Resources Corp4.400% 07/01/20320.2%
    Affirm Asset Securitization Trust 2023-B11.320% 09/15/20280.2%
    Fannie Mae Pool2.000% 01/01/20360.2%
    AIB Group PLC6.608% 09/13/20290.2%
    AppLovin Corp5.375% 12/01/20310.2%
    GLS Auto Select Receivables Trust 2024-25.580% 06/17/20300.2%
    Freddie Mac Pool4.100% 10/01/20290.2%
    Ford Motor Credit Co LLC6.125% 03/08/20340.2%
    Broadcom Inc4.150% 04/15/20320.2%
    BankUnited Inc5.125% 06/11/20300.2%
    Fannie Mae Pool2.500% 06/01/20370.2%
    Gartner Inc4.500% 07/01/20280.2%
    Oncor Electric Delivery Co LLC5.650% 11/15/20330.2%
    Santander Drive Auto Receivables Trust 2022-76.690% 03/17/20310.2%
    Workday Inc3.800% 04/01/20320.2%
    Carmax Select Receivables Trust 2024-A5.400% 11/15/20280.2%
    BX Trust 2025-ROIC5.713% 03/15/20300.2%
    Comstock Resources Inc6.750% 03/01/20290.2%
    Aircastle Ltd2.850% 01/26/20280.2%
    JP Morgan Mortgage Trust 2022-33.000% 08/25/20520.2%
    NatWest Group PLC7.472% 11/10/20260.2%
    CIFC Funding 2018-II Ltd5.663% 10/20/20370.2%
    New York Life Global Funding4.550% 01/28/20330.2%
    CNO Global Funding5.875% 06/04/20270.2%
    Brown & Brown Inc2.375% 03/15/20310.2%
    Wells Fargo & Co3.350% 03/02/20330.2%
    Venture Global LNG Inc8.375% 06/01/20310.2%
    15-YR UMBS-TBA PROD MAY2.000% 11/01/20360.2%
    Sprint Capital Corp6.875% 11/15/20280.2%
    Solventum Corp5.600% 03/23/20340.2%
    GoldenTree Loan Management US CLO 19 Ltd6.643% 04/20/20370.2%
    GM Financial Automobile Leasing Trust 2023-25.540% 05/20/20270.2%
    Ovintiv Inc6.500% 02/01/20380.2%
    Wells Fargo Commercial Mortgage Trust 2024-MGP6.010% 08/15/20410.2%
    Broadcom Inc4.300% 11/15/20320.2%
    Antero Resources Corp7.625% 02/01/20290.2%
    Bacardi Ltd / Bacardi-Martini BV5.400% 06/15/20330.2%
    COMM 2015-LC21 Mortgage Trust4.043% 07/10/20480.2%
    Mercury Financial Credit Card Master Trust6.560% 07/20/20290.2%
    LoanCore 2025 2025-CRE8 Issuer LLC5.704% 08/17/20420.2%
    Glencore Funding LLC5.371% 04/04/20290.2%
    Freddie Mac STACR REMIC Trust 2022-HQA19.590% 03/25/20420.2%
    Arthur J Gallagher & Co5.000% 02/15/20320.2%
    JP Morgan Chase Commercial Mortgage Securities Trust 2018-WPT5.511% 07/05/20330.2%
    Jackson National Life Global Funding4.600% 10/01/20290.2%
    Affirm Asset Securitization Trust 2024-A5.610% 02/15/20290.2%
    Westlake Automobile Receivables Trust 2023-15.740% 08/15/20280.2%
    Bayview Opportunity Master Fund VI Trust 2021-INV62.500% 10/25/20510.2%
    Santander Drive Auto Receivables Trust 2022-54.740% 10/16/20280.2%
    CARLYLE US CLO 2023-2 LTD7.293% 07/20/20360.2%
    SEB Funding LLC4.969% 01/30/20520.2%
    MF1 2024-FL14 LLC6.054% 03/19/20390.2%
    PFP 2023-10 Ltd6.684% 09/16/20380.2%
    Foundry JV Holdco LLC5.500% 01/25/20310.2%
    Wells Fargo Commercial Mortgage Trust 2025-5C36.096% 01/15/20580.2%
    Aethon United BR LP / Aethon United Finance Corp7.500% 10/01/20290.2%
    Devon Energy Corp5.200% 09/15/20340.2%
    TORONTO DOMINION BANK THE4.310% 04/01/20250.2%
    Flagstar Mortgage Trust 2021-3INV2.500% 06/25/20510.2%
    Hyundai Auto Lease Securitization Trust 2025-A4.830% 01/18/20280.2%
    Freddie Mac STACR REMIC Trust 2022-DNA16.840% 01/25/20420.2%
    Chile Electricity Lux Mpc II Sarl5.580% 10/20/20350.2%
    Morgan Stanley2.239% 07/21/20320.2%
    30-YR UMBS-TBA PROD APR3.500% 10/01/20520.2%
    Fannie Mae Pool4.000% 05/01/20520.2%
    Beacon Funding Trust6.266% 08/15/20540.2%
    Santander Drive Auto Receivables Trust 2025-24.870% 05/15/20310.2%
    Oglethorpe Power Corp5.900% 02/01/20550.2%
    Ford Motor Co9.625% 04/22/20300.2%
    UBS Group AG1.364% 01/30/20270.2%
    Anglo American Capital PLC3.875% 03/16/20290.2%
    Perimeter Master Note Business Trust4.170% 12/15/20260.2%
    Appalachian Power Co5.650% 04/01/20340.2%
    Connecticut Avenue Securities Trust 2023-R038.240% 04/25/20430.2%
    Petroleos Mexicanos6.700% 02/16/20320.2%
    LoanCore 2022-CRE7 Issuer Ltd5.899% 01/17/20370.2%
    J.P. Morgan Mortgage Trust 2021-153.000% 06/25/20520.2%
    Freedom Mortgage Corp12.250% 10/01/20300.2%
    Panama Government International Bond6.400% 02/14/20350.2%
    VICI Properties LP / VICI Note Co Inc5.750% 02/01/20270.1%
    Boeing Co/The6.528% 05/01/20340.1%
    Narragansett Electric Co/The5.350% 05/01/20340.1%
    AES Corp/The2.450% 01/15/20310.1%
    Novelis Inc6.875% 01/30/20300.1%
    Bank of America Corp3.970% 03/05/20290.1%
    Angolan Government International Bond8.750% 04/14/20320.1%
    Mitsubishi Corp5.125% 07/17/20340.1%
    Kimmeridge Texas Gas LLC8.500% 02/15/20300.1%
    Ivanhoe Mines Ltd7.875% 01/23/20300.1%
    Avolon Holdings Funding Ltd5.375% 05/30/20300.1%
    EQT Corp5.750% 02/01/20340.1%
    Freddie Mac Pool5.000% 07/01/20520.1%
    GS Mortgage-Backed Securities Trust 2021-PJ22.500% 07/25/20510.1%
    Fannie Mae Pool2.500% 12/01/20510.1%
    CIM Trust 2021-J12.500% 03/25/20510.1%
    Vistra Operations Co LLC7.750% 10/15/20310.1%
    Royalty Pharma PLC5.400% 09/02/20340.1%
    Freddie Mac Stacr Remic Trust 2025-Hqa15.490% 02/25/20450.1%
    30-YR UMBS-TBA PROD APR6.000% 06/01/20540.1%
    Greenko Dutch BV3.850% 03/29/20260.1%
    Nuveen LLC5.850% 04/15/20340.1%
    Aircastle Ltd6.500% 07/18/20280.1%
    AT&T Inc4.300% 02/15/20300.1%
    Mars Inc5.000% 03/01/20320.1%
    Organon & Co / Organon Foreign Debt Co-Issuer BV5.125% 04/30/20310.1%
    CCO Holdings LLC / CCO Holdings Capital Corp4.750% 03/01/20300.1%
    Generate CLO 14 Ltd6.390% 04/22/20370.1%
    FMG Resources August 2006 Pty Ltd4.375% 04/01/20310.1%
    Fannie Mae Pool3.500% 07/01/20450.1%
    Colombia Government International Bond7.500% 02/02/20340.1%
    American Airlines Inc7.250% 02/15/20280.1%
    Freddie Mac Multifamily Structured Pass Through Certificates4.350% 01/25/20330.1%
    Hyundai Capital America1.800% 10/15/20250.1%
    Weekley Homes LLC / Weekley Finance Corp4.875% 09/15/20280.1%
    Imperial Brands Finance PLC5.875% 07/01/20340.1%
    Exeter Automobile Receivables Trust 2023-112.070% 09/16/20300.1%
    Ford Motor Credit Co LLC7.200% 06/10/20300.1%
    Entergy Louisiana LLC5.700% 03/15/20540.1%
    PNC Financial Services Group Inc/The5.401% 07/23/20350.1%
    Accenture Capital Inc4.250% 10/04/20310.1%
    Ecopetrol SA8.375% 01/19/20360.1%
    Enel Finance International NV5.125% 06/26/20290.1%
    AB BSL CLO 3 Ltd5.868% 04/20/20380.1%
    Regatta XXVII Funding Ltd6.300% 04/26/20370.1%
    ICG US CLO 2024-1 Ltd5.902% 04/15/20370.1%
    Cadence Design Systems Inc4.700% 09/10/20340.1%
    Air Lease Corp5.200% 07/15/20310.1%
    Westlake Automobile Receivables Trust 2024-16.020% 10/15/20290.1%
    Minejesa Capital BV4.625% 08/10/20300.1%
    GA Global Funding Trust4.400% 09/23/20270.1%
    American Tower Corp3.800% 08/15/20290.1%
    Centene Corp4.250% 12/15/20270.1%
    Morgan Stanley5.297% 04/20/20370.1%
    BMO 2023-C5 Mortgage Trust5.494% 06/15/20560.1%
    AAdvantage Loyalty IP Ltd6.553% 04/20/20280.1%
    IPALCO Enterprises Inc5.750% 04/01/20340.1%
    Viterra Finance BV4.900% 04/21/20270.1%
    Genesee & Wyoming Inc6.049% 04/10/20310.1%
    VICI Properties LP / VICI Note Co Inc4.625% 12/01/20290.1%
    Aviation Capital Group LLC1.950% 01/30/20260.1%
    Synopsys Inc5.000% 04/01/20320.1%
    Hudson River Trading LLC7.324% 03/18/20300.1%
    30-YR UMBS-TBA PROD MAY3.500% 10/01/20520.1%
    Neuberger Berman Group LLC / Neuberger Berman Finance Corp4.500% 03/15/20270.1%
    Saks Global Enterprises LLC11.000% 12/15/20290.1%
    GA Global Funding Trust2.900% 01/06/20320.1%
    ABN AMRO Bank NV3.324% 03/13/20370.1%
    Verizon Master Trust4.830% 12/22/20310.1%
    J P MORGAN SECURITIES INC4.350% 04/01/20250.1%
    Eastern Gas Transmission & Storage Inc3.000% 11/15/20290.1%
    Bank of America Corp1.658% 03/11/20270.1%
    Boardwalk Pipelines LP3.400% 02/15/20310.1%
    Baytex Energy Corp8.500% 04/30/20300.1%
    Atlassian Corp5.500% 05/15/20340.1%
    Benchmark 2024-V12 Mortgage Trust5.738% 12/15/20570.1%
    BMO 2024-5C8 Mortgage Trust5.625% 12/15/20570.1%
    Connecticut Avenue Securities Trust 2023-R046.636% 05/25/20430.1%
    Texas Natural Gas Securitization Finance Corp5.102% 04/01/20350.1%
    UBS Group AG4.703% 08/05/20270.1%
    Freddie Mac Pool3.500% 02/01/20460.1%
    Synopsys Inc5.150% 04/01/20350.1%
    Charter Communications Operating LLC6.574% 12/15/20310.1%
    Dryden 107 CLO Ltd7.323% 08/15/20350.1%
    Sammons Financial Group Global Funding5.100% 12/10/20290.1%
    Connecticut Avenue Securities Trust 2023-R047.886% 05/25/20430.1%
    JP Morgan Mortgage Trust 2021-132.500% 04/25/20520.1%
    Fannie Mae Pool2.500% 05/01/20520.1%
    KeyCorp6.401% 03/06/20350.1%
    Fannie Mae Pool2.000% 02/01/20360.1%
    Ford Motor Credit Co LLC6.054% 11/05/20310.1%
    Fannie Mae Pool4.000% 05/01/20520.1%
    Carvana Auto Receivables Trust 2020-NP15.200% 07/15/20270.1%
    Citadel Securities Global Holdings LLC6.303% 10/31/20310.1%
    Discovery Communications LLC3.950% 03/20/20280.1%
    NRG Energy Inc6.068% 04/16/20310.1%
    Entergy Louisiana LLC5.800% 03/15/20550.1%
    J.P. Morgan Mortgage Trust 2021-INV83.000% 05/25/20520.1%
    Ford Motor Credit Co LLC3.375% 11/13/20250.1%
    Coterra Energy Inc5.600% 03/15/20340.1%
    IRB Infrastructure Developers Ltd7.110% 03/11/20320.1%
    Boeing Co/The6.858% 05/01/20540.1%
    JP Morgan Mortgage Trust 2022-INV13.000% 03/25/20520.1%
    Neuberger Berman Group LLC / Neuberger Berman Finance Corp4.875% 04/15/20450.1%
    Towd Point Mortgage Trust 2019-HY16.435% 10/25/20480.1%
    BX Commercial Mortgage Trust 2024-XL45.761% 02/15/20390.1%
    Morgan Stanley5.320% 07/19/20350.1%
    JB Poindexter & Co Inc8.750% 12/15/20310.1%
    Fannie Mae Pool5.000% 07/01/20520.1%
    30-YR UMBS-TBA PROD APR4.500% 09/01/20540.1%
    Katayma CLO II Ltd6.443% 04/20/20370.1%
    Bayer Corp/NJ6.650% 02/15/20280.1%
    Freddie Mac Pool4.150% 10/01/20290.1%
    GXO Logistics Inc6.500% 05/06/20340.1%
    Mitsubishi UFJ Financial Group Inc5.541% 04/17/20260.1%
    KIND Commercial Mortgage Trust 2024-16.209% 08/15/20410.1%
    Connecticut Avenue Securities Trust 2023-R016.736% 12/25/20420.1%
    Ford Motor Credit Co LLC4.134% 08/04/20250.1%
    Hilton Domestic Operating Co Inc6.071% 11/08/20300.1%
    30-YR UMBS-TBA PROD APR7.000% 05/01/20530.1%
    Fannie Mae Pool3.000% 03/01/20370.1%
    Bain Capital Credit CLO 2023-4 Ltd7.193% 10/21/20360.1%
    GM Financial Consumer Automobile Receivables Trust 2023-46.160% 04/16/20290.1%
    Walgreens Boots Alliance Inc8.125% 08/15/20290.1%
    CONE Trust 2024-DFW15.961% 08/15/20410.1%
    Howden UK Refinance PLC / Howden UK Refinance 2 PLC / Howden US Refinance LLC7.250% 02/15/20310.1%
    RAD CLO 21 Ltd5.867% 01/25/20370.1%
    Directv Financing LLC / Directv Financing Co-Obligor Inc5.875% 08/15/20270.1%
    Union Electric Co5.250% 04/15/20350.1%
    Coca-Cola Consolidated Inc5.450% 06/01/20340.1%
    Carnival Corp6.125% 02/15/20330.1%
    Axon Enterprise Inc6.250% 03/15/20330.1%
    Allied Universal Holdco LLC / Allied Universal Finance Corp6.000% 06/01/20290.1%
    Freddie Mac STACR REMIC Trust 2024-DNA25.540% 05/25/20440.1%
    Block Inc2.750% 06/01/20260.1%
    Connecticut Avenue Securities Trust 2023-R026.640% 01/25/20430.1%
    Saudi Government International Bond5.750% 01/16/20540.1%
    McAfee Corp7.375% 02/15/20300.1%
    Fannie Mae Pool2.500% 08/01/20350.1%
    LD Celulose International GmbH7.950% 01/26/20320.1%
    Lightning Power LLC7.250% 08/15/20320.1%
    Jane Street Group LLC6.297% 12/15/20310.1%
    Medco Maple Tree Pte Ltd8.960% 04/27/20290.1%
    LSB Industries Inc6.250% 10/15/20280.1%
    Kennedy-Wilson Inc4.750% 03/01/20290.1%
    Weibo Corp3.375% 07/08/20300.1%
    MGM China Holdings Ltd4.750% 02/01/20270.1%
    Vermilion Energy Inc6.875% 05/01/20300.1%
    Calpine Corp6.069% 01/31/20310.1%
    EQUS 2021-EQAZ Mortgage Trust5.339% 10/15/20380.1%
    Wynn Macau Ltd5.625% 08/26/20280.1%
    Fannie Mae Pool2.500% 08/01/20500.1%
    New Residential Mortgage Loan Trust 2020-RPL13.851% 11/25/20590.1%
    Brandywine Operating Partnership LP4.550% 10/01/20290.1%
    Goodyear Tire & Rubber Co/The5.000% 07/15/20290.1%
    Hyundai Capital America5.800% 06/26/20250.1%
    J.P. Morgan Mortgage Trust 2022-13.000% 07/25/20520.1%
    Diamond Foreign Asset Co / Diamond Finance LLC8.500% 10/01/20300.1%
    Cheniere Energy Partners LP3.250% 01/31/20320.1%
    Biocon Biologics Global PLC6.670% 10/09/20290.1%
    Encino Acquisition Partners Holdings LLC8.750% 05/01/20310.1%
    NRG Energy Inc6.000% 02/01/20330.1%
    Exeter Automobile Receivables Trust 2024-45.480% 08/15/20300.1%
    Block Inc6.500% 05/15/20320.1%
    ZF North America Capital Inc6.750% 04/23/20300.1%
    DaVita Inc6.875% 09/01/20320.1%
    Galaxy Pipeline Assets Bidco Ltd3.250% 09/30/20400.1%
    APA Corp4.250% 01/15/20300.1%
    SCF Equipment Leasing 2021-1 LLC3.560% 08/20/20320.1%
    Iron Mountain Information Management Services Inc5.000% 07/15/20320.1%
    Rain Carbon Inc12.250% 09/01/20290.1%
    J.P. Morgan Mortgage Trust 2022-43.000% 10/25/20520.1%
    EMRLD Borrower LP / Emerald Co-Issuer Inc6.750% 07/15/20310.1%
    EquipmentShare.com Inc9.000% 05/15/20280.1%
    Santander Drive Auto Receivables Trust 2024-25.840% 06/17/20300.1%
    Hecla Mining Co7.250% 02/15/20280.1%
    California Resources Corp8.250% 06/15/20290.1%
    Driven Brands Funding LLC3.786% 07/20/20500.1%
    Hilcorp Energy I LP6.322% 02/11/20300.1%
    SunCoke Energy Inc4.875% 06/30/20290.1%
    EPR Properties4.950% 04/15/20280.1%
    Bombardier Inc7.250% 07/01/20310.1%
    Allied Universal Holdco LLC7.875% 02/15/20310.1%
    Univision Communications Inc8.500% 07/31/20310.1%
    Jacobs Entertainment Inc6.750% 02/15/20290.1%
    Clydesdale Acquisition Holdings Inc6.750% 04/15/20320.1%
    Chase Home Lending Mortgage Trust Series 2024-RPL23.250% 08/25/20640.1%
    Prosus NV4.027% 08/03/20500.1%
    ATI Inc7.250% 08/15/20300.1%
    Genesis Energy LP / Genesis Energy Finance Corp8.250% 01/15/20290.1%
    EQM Midstream Partners LP7.500% 06/01/20300.1%
    Crescent Energy Finance LLC7.375% 01/15/20330.1%
    BAT Capital Corp5.834% 02/20/20310.1%
    Fortress Transportation and Infrastructure Investors LLC5.500% 05/01/20280.1%
    JetBlue Airways Corp / JetBlue Loyalty LP9.875% 09/20/20310.1%
    NRG Energy Inc4.450% 06/15/20290.1%
    Vital Energy Inc7.875% 04/15/20320.1%
    LifePoint Health Inc9.875% 08/15/20300.1%
    FIEMEX Energia - Banco Actinver SA Institucion de Banca Multiple7.250% 01/31/20410.1%
    CITGO Petroleum Corp8.375% 01/15/20290.1%
    Freddie Mac Pool6.000% 09/01/20390.1%
    Oglethorpe Power Corp5.800% 06/01/20540.1%
    Cloud Software Group Inc6.500% 03/31/20290.1%
    Smyrna Ready Mix Concrete LLC6.000% 11/01/20280.1%
    Mauser Packaging Solutions Holding Co9.250% 04/15/20270.1%
    Altice France SA8.125% 02/01/20270.1%
    Union Electric Co5.125% 03/15/20550.1%
    Glencore Funding LLC6.375% 10/06/20300.1%
    Rand Parent LLC8.500% 02/15/20300.1%
    Molina Healthcare Inc4.375% 06/15/20280.1%
    Newell Brands Inc6.375% 09/15/20270.1%
    30-YR UMBS-TBA PROD APR5.000% 08/01/20540.1%
    National Fuel Gas Co5.950% 03/15/20350.1%
    Fairstone Financial Issuance Trust I6.873% 10/20/20390.1%
    Wells Fargo Mortgage Backed Securities 2021-INV2 Trust2.500% 09/25/20510.1%
    Valaris Ltd8.375% 04/30/20300.1%
    Reynolds Consumer Products LLC6.074% 03/04/20320.1%
    Fannie Mae Pool5.000% 07/01/20520.1%
    30-YR GNMA II-TBA PROD APR6.500% 05/01/20540.1%
    Ford Motor Credit Co LLC2.700% 08/10/20260.1%
    TEXAS Commercial Mortgage Trust 2025-TWR5.903% 04/15/20420.1%
    Entergy Texas Inc5.250% 04/15/20350.1%
    Dynasty Acquisition Co Inc6.575% 10/31/20310.1%
    Assurant Inc2.650% 01/15/20320.1%
    Trans Union LLC6.075% 06/24/20310.1%
    Avolon Holdings Funding Ltd6.375% 05/04/20280.1%
    Teva Pharmaceutical Finance Netherlands III BV3.150% 10/01/20260.1%
    Connecticut Avenue Securities Trust 2021-R015.890% 10/25/20410.1%
    Entergy Texas Inc5.550% 09/15/20540.1%
    15-YR UMBS-TBA PROD APR6.000% 11/01/20380.1%
    United States Steel Corp6.875% 03/01/20290.1%
    EPR Properties4.500% 06/01/20270.1%
    Flagstar Mortgage Trust 2021-122.500% 11/25/20510.1%
    UBS Group AG6.327% 12/22/20270.1%
    Connecticut Avenue Securities Trust 2023-R018.086% 12/25/20420.1%
    Arbor Realty Commercial Real Estate Notes 2021-FL4 Ltd5.784% 11/15/20360.1%
    Flagstar Mortgage Trust 2021-72.500% 08/25/20510.1%
    NGPL PipeCo LLC3.250% 07/15/20310.1%
    HUB International Ltd7.375% 01/31/20320.1%
    Mill City Mortgage Loan Trust 2021-NMR13.735% 11/25/20600.1%
    Vistra Operations Co LLC6.072% 12/20/20300.1%
    LABL Inc9.500% 11/01/20280.1%
    Macquarie Bank Ltd3.624% 06/03/20300.1%
    Affirm Asset Securitization Trust 2024-A5.610% 02/15/20290.1%
    Asurion LLC7.688% 07/30/20270.1%
    Senegal Government International Bond6.250% 05/23/20330.1%
    Foundry JV Holdco LLC5.875% 01/25/20340.1%
    FirstEnergy Transmission LLC5.000% 01/15/20350.1%
    Emrld Borrower LP6.798% 08/04/20310.1%
    Alfa Desarrollo SpA4.550% 09/27/20510.1%
    Chase Home Lending Mortgage Trust 2024-RPL43.375% 12/25/20640.1%
    Dominion Energy Inc6.875% 02/01/20550.1%
    Ascent Resources Utica Holdings LLC / ARU Finance Corp6.625% 10/15/20320.1%
    HCA Inc5.450% 09/15/20340.1%
    NatWest Group PLC4.964% 08/15/20300.1%
    Florida Power & Light Co5.800% 03/15/20650.1%
    Watco Cos LLC / Watco Finance Corp7.125% 08/01/20320.1%
    Rio Tinto Finance USA PLC5.875% 03/14/20650.1%
    Corpay Technologies Operating Co LLC6.072% 04/28/20280.1%
    Fannie Mae Pool3.500% 09/01/20510.1%
    Petronas Capital Ltd5.848% 04/03/20550.1%
    Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC6.250% 03/15/20330.1%
    Fannie Mae Pool6.000% 02/01/20390.1%
    Avant Loans Funding Trust 2021-REV14.300% 07/15/20300.1%
    Baxalta Inc4.000% 06/23/20250.1%
    Universal Health Services Inc5.050% 10/15/20340.1%
    Jersey Central Power & Light Co5.100% 01/15/20350.1%
    Fannie Mae Pool2.500% 08/01/20510.1%
    Alpha Generation LLC6.750% 10/15/20320.1%
    Flagship Credit Auto Trust 2022-34.550% 04/15/20270.1%
    Mexico Government International Bond6.000% 05/13/20300.0%
    Freddie Mac STACR REMIC Trust 2022-HQA26.990% 07/25/20420.0%
    Wisconsin Electric Power Co5.050% 10/01/20540.0%
    Metropolitan Life Global Funding I4.050% 08/25/20250.0%
    Madison Park Funding XXIII Ltd5.532% 07/27/20310.0%
    Arbor Realty Commercial Real Estate Notes 2021-FL3 Ltd5.504% 08/15/20340.0%
    30-YR UMBS-TBA PROD MAY6.500% 02/01/20540.0%
    Trans Union LLC6.169% 06/24/20310.0%
    Avolon Holdings Funding Ltd2.528% 11/18/20270.0%
    Freddie Mac Pool2.500% 05/01/20520.0%
    Tengizchevroil Finance Co International Ltd3.250% 08/15/20300.0%
    VICI Properties LP6.125% 04/01/20540.0%
    30-YR UMBS-TBA PROD APR6.500% 02/01/20540.0%
    Dynasty Acquisition Co Inc6.575% 10/31/20310.0%
    BSPRT 2022-FL8 Issuer Ltd5.849% 02/15/20370.0%
    30-YR GNMA II-TBA PROD MAY6.500% 05/01/20540.0%
    Galaxy XXI CLO Ltd5.575% 04/20/20310.0%
    Octane Receivables Trust 2022-25.110% 02/22/20280.0%
    FX USD/CAD 06/250.000% 06/13/20250.0%
    US 10yr Ultra Fut Jun250.000% 06/18/20250.0%
    Starwood Mortgage Residential Trust 2020-12.275% 02/25/20500.0%
    Rain CII Carbon LLC / CII Carbon Corp7.250% 04/01/20250.0%
    Hudsons Bay Simon JV Trust 2015-HBS0.541% 08/05/20340.0%
    Hudsons Bay Simon JV Trust 2015-HBS0.504% 08/05/20340.0%
    Citigroup Commercial Mortgage Trust 2014-GC250.000% 10/10/20470.0%
    OGX Austria GmbH8.500% 06/01/20180.0%
    WFRBS Commercial Mortgage Trust 2014-C230.083% 10/15/20570.0%
    US ULTRA BOND CBT Jun250.000% 06/18/20250.0%

    Dividends & Cap Gains

    Dividends & Cap Gains

    Dividend Payments

    For
    YTD Dividends Paidas of 05/06/2025
    $0.14505
    Dividend Frequency
    Monthly (Daily Accrual)
    Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
    Daily Daily 04/30/2025 $0.03657 $8.72
    Daily Daily 03/31/2025 $0.03716 $8.76
    Daily Daily 02/28/2025 $0.03541 $8.81
    Daily Daily 01/31/2025 $0.03592 $8.67

    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
    12/16/2021 12/17/2021 $0.0629 - $0.0629 $10.49

    Fees & Expenses

    Fees & Expenses

    Expense Ratioas of 04/30/2025

    Fund Gross Expense Ratio 0.46%
    Fund Net Expense Ratio 0.46%

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

    To order literature visit full website

    +

    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.      

                        

    +

    Class I shares minimum initial investment of $1,000,000, unless otherwise noted, applies to certain types of institutional investors as described in the prospectus. There is no minimum initial investment for (i) purchases through or by registered investment advisers (RIAs), bank trust departments, and other financial intermediaries otherwise eligible to purchase Class I shares that charge a fee for services that include investment advisory or management services or (ii) purchases by retirement and benefit plans meeting the Class I eligibility requirements as described in the prospectus. These investment minimums may be suspended, changed, or withdrawn by Lord Abbett Distributor LLC ("Lord Abbett Distributor").

    Class I shares minimum initial investment of $1,000,000, unless otherwise noted, applies to certain types of institutional investors as described in the prospectus. 

    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.

    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.

     

    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.

    Select funds to run a Morningstar Hypothetical Report.

    • U.S. Equity
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    • Multi-Asset
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    • Fixed Income
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    • Tax-Free Income
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    • Tax-Free Income

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