Schedule of Investments (unaudited)
LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | ||||||||||
LONG-TERM INVESTMENTS 95.32% | ||||||||||||||
ASSET-BACKED SECURITIES 4.21% | ||||||||||||||
Automobiles 0.69% | ||||||||||||||
ACC Trust 2018-1 B† | 4.82 | % | 5/20/2021 | $ | 4,582 | $ | 4,583,564 | |||||||
ACC Trust 2018-1 C† | 6.81 | % | 2/21/2023 | 5,140 | 5,203,935 | |||||||||
Ford Credit Auto Owner Trust 2019-C A2A | 1.88 | % | 7/15/2022 | 67,639 | 67,431,578 | |||||||||
Mercedes-Benz Auto Lease Trust 2018-B A3 | 3.21 | % | 9/15/2021 | 5,224 | 5,249,813 | |||||||||
Mercedes-Benz Auto Lease Trust 2019-A A3 | 3.10 | % | 11/15/2021 | 11,186 | 11,252,504 | |||||||||
TCF Auto Receivables Owner Trust 2016-1A B† | 2.32 | % | 6/15/2022 | 8,695 | 8,627,215 | |||||||||
Total | 102,348,609 | |||||||||||||
Credit Cards 0.11% | ||||||||||||||
Perimeter Master Note Business Trust 2019-2A A† | 4.23 | % | 5/15/2024 | 16,717 | 15,853,667 | |||||||||
Other 3.41% | ||||||||||||||
Ally Master Owner Trust 2018-3 A | 1.025%(1 Mo. LIBOR + .32%) | # | 7/15/2022 | 9,440 | 9,260,853 | |||||||||
AMMC CLO 15 Ltd. 2014-15A DRR† | 5.231%(3 Mo. LIBOR + 3.40%) | # | 1/15/2032 | 2,514 | 1,833,187 | |||||||||
AMMC CLO XII Ltd. 2013-12A DR† | 4.434%(3 Mo. LIBOR + 2.70%) | # | 11/10/2030 | 3,859 | 2,751,154 | |||||||||
Apex Credit CLO LLC 2017-2A B† | 2.966%(3 Mo. LIBOR + 1.85%) | # | 9/20/2029 | 7,197 | 6,241,283 | |||||||||
Apidos CLO XXXII 2019-32A C† | 4.083%(3 Mo. LIBOR + 2.40%) | # | 1/20/2033 | 6,953 | 5,817,471 | |||||||||
Atrium XV-15A D† | 4.806%(3 Mo. LIBOR + 3.00%) | # | 1/23/2031 | 7,286 | 5,360,591 | |||||||||
Battalion CLO VII Ltd. 2014-7A CRR† | 4.766%(3 Mo. LIBOR + 2.93%) | # | 7/17/2028 | 1,831 | 1,535,990 | (a) | ||||||||
Battalion CLO XV Ltd. 2019-16A B† | 3.903%(3 Mo. LIBOR + 2.00%) | # | 12/19/2032 | 23,286 | 21,096,100 | |||||||||
Benefit Street Partners CLO XIX Ltd. 2019-19A B† | 3.878%(3 Mo. LIBOR + 2.00%) | # | 1/15/2033 | 7,922 | 7,222,110 | |||||||||
Benefit Street Partners CLO XIX Ltd. 2019-19A C† | 4.478%(3 Mo. LIBOR + 2.60%) | # | 1/15/2033 | 6,418 | 5,238,545 | (a) | ||||||||
BlueMountain CLO XXIII Ltd. 2018-23A D† | 4.719%(3 Mo. LIBOR + 2.90%) | # | 10/20/2031 | 4,348 | 3,244,701 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | ||||||||||
Other (continued) | ||||||||||||||
Carlyle US CLO Ltd. 2019-4A B† | 4.578%(3 Mo. LIBOR + 2.70%) | # | 1/15/2033 | $ | 15,609 | $ | 13,191,179 | |||||||
Cedar Funding VI CLO Ltd. 2016-6A BR† | 3.419%(3 Mo. LIBOR + 1.60%) | # | 10/20/2028 | 2,600 | 2,376,259 | |||||||||
Cedar Funding VI CLO Ltd. 2016-6A DR† | 4.819%(3 Mo. LIBOR + 3.00%) | # | 10/20/2028 | 7,699 | 5,931,383 | |||||||||
Cent CLO Ltd. 2014-21A CR2† | 4.994%(3 Mo. LIBOR + 3.20%) | # | 7/27/2030 | 4,936 | 3,802,177 | |||||||||
Conn’s Receivables Funding LLC 2017-B C† | 5.95 | % | 11/15/2022 | 13,196 | 13,067,122 | (a) | ||||||||
Galaxy XXI CLO Ltd. 2015-21A AR† | 2.839%(3 Mo. LIBOR + 1.02%) | # | 4/20/2031 | 5,311 | 5,003,850 | |||||||||
Greywolf CLO III Ltd. 2020-3RA A1R† | 3.092%(3 Mo. LIBOR + 1.29%) | # | 4/15/2033 | 20,101 | 18,735,849 | |||||||||
Halcyon Loan Advisors Funding Ltd. 2015-2A CR† | 3.944%(3 Mo. LIBOR + 2.15%) | # | 7/25/2027 | 5,476 | 4,869,813 | |||||||||
Halcyon Loan Advisors Funding Ltd. 2017-2A A2† | 3.536%(3 Mo. LIBOR + 1.70%) | # | 1/17/2030 | 9,320 | 8,291,507 | (a) | ||||||||
Harbor Park CLO Ltd. 2018-1A D† | 4.719%(3 Mo. LIBOR + 2.90%) | # | 1/20/2031 | 4,560 | 3,342,016 | |||||||||
Hardee’s Funding LLC 2018-1A A23† | 5.71 | % | 6/20/2048 | 2,756 | 2,450,898 | |||||||||
Hardee’s Funding LLC 2018-1A A2II† | 4.959 | % | 6/20/2048 | 37,708 | 33,605,542 | |||||||||
Jamestown CLO VII Ltd. 2015-7A BR† | 3.444%(3 Mo. LIBOR + 1.65%) | # | 7/25/2027 | 12,548 | 10,572,908 | |||||||||
Kayne CLO 7 Ltd. 2020-7A A1†(b) | Zero Coupon | #(c) | 4/17/2033 | 47,944 | 43,908,792 | |||||||||
KKR CLO 9 Ltd. 9 B1R† | 3.581%(3 Mo. LIBOR + 1.75%) | # | 7/15/2030 | 6,340 | 5,694,802 | |||||||||
KKR CLO Ltd-15 DR† | 4.969%(3 Mo. LIBOR + 3.15%) | # | 1/18/2032 | 2,736 | 1,874,596 | (a) | ||||||||
KVK CLO Ltd. 2013-A BR† | 3.288%(3 Mo. LIBOR + 1.45%) | # | 1/14/2028 | 3,567 | 3,357,525 | (a) | ||||||||
Madison Park Funding XIV Ltd. 2014-14A DRR† | 4.752%(3 Mo. LIBOR + 2.95%) | # | 10/22/2030 | 3,923 | 2,926,099 | |||||||||
Madison Park Funding XXXVI Ltd. 2019-36A C† | 4.542%(3 Mo. LIBOR + 2.60%) | # | 1/15/2033 | 12,488 | 10,728,101 | |||||||||
Marble Point CLO XVII Ltd. 2020-1A A† | 2.196%(3 Mo. LIBOR + 1.30%) | # | 4/20/2033 | 29,415 | 26,819,818 | |||||||||
Marble Point CLO XVII Ltd. 2020-1A B† | 2.666%(3 Mo. LIBOR + 1.77%) | # | 4/20/2033 | 9,348 | 7,963,151 | (a) | ||||||||
Mariner CLO Ltd. 2017-4A D† | 4.844%(3 Mo. LIBOR + 3.05%) | # | 10/26/2029 | 6,254 | 4,709,673 | |||||||||
Mountain View CLO 2017-1A BR† | 2.455%(3 Mo. LIBOR + 1.75%) | # | 10/16/2029 | 11,046 | 9,829,986 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | ||||||||||
Other (continued) | ||||||||||||||
Mountain View CLO X Ltd. 2015-10A BR† | 3.198%(3 Mo. LIBOR + 1.35%) | # | 10/13/2027 | $ | 13,725 | $ | 12,499,451 | |||||||
Northwoods Capital 20 Ltd. 2019-20A C† | 4.701%(3 Mo. LIBOR + 2.80%) | # | 1/25/2030 | 14,954 | 12,710,514 | |||||||||
Octagon Investment Partners 29 Ltd. 2016-1A AR† | 2.981%(3 Mo. LIBOR + 1.18%) | # | 1/24/2033 | 15,000 | 13,691,244 | |||||||||
Octagon Investment Partners 39 Ltd. 2018-3A D† | 4.769%(3 Mo. LIBOR + 2.95%) | # | 10/20/2030 | 3,789 | 3,120,431 | (a) | ||||||||
OHA Loan Funding Ltd. 2015-1A CR2† | 4.342%(3 Mo. LIBOR + 2.65%) | # | 11/15/2032 | 8,238 | 6,929,020 | |||||||||
OZLM Funding III Ltd. 2013-3A A2AR† | 3.752%(3 Mo. LIBOR + 1.95%) | # | 1/22/2029 | 15,000 | 14,064,957 | (a) | ||||||||
Palmer Square Loan Funding Ltd. 2018-1A A2† | 2.881%(3 Mo. LIBOR + 1.05%) | # | 4/15/2026 | 9,660 | 9,023,327 | |||||||||
Palmer Square Loan Funding Ltd. 2018-1A B† | 3.231%(3 Mo. LIBOR + 1.40%) | # | 4/15/2026 | 5,069 | 4,319,122 | |||||||||
Planet Fitness Master Issuer LLC 2018-1A A2I† | 4.262 | % | 9/5/2048 | 17,768 | 16,962,269 | |||||||||
Planet Fitness Master Issuer LLC 2018-1A A2II† | 4.666 | % | 9/5/2048 | 22,211 | 19,997,658 | |||||||||
Planet Fitness Master Issuer LLC 2019-1A A2† | 3.858 | % | 12/5/2049 | 15,204 | 12,067,324 | (a) | ||||||||
Regatta VI Funding Ltd. 2016-1A DR† | 4.519%(3 Mo. LIBOR + 2.70%) | # | 7/20/2028 | 2,216 | 1,793,335 | |||||||||
Regatta XVI Funding Ltd. 2019-2A B† | 3.953%(3 Mo. LIBOR + 2.05%) | # | 1/15/2033 | 31,200 | 28,670,800 | |||||||||
Sound Point CLO XI Ltd. 2016-1A DR† | 4.769%(3 Mo. LIBOR + 2.95%) | # | 7/20/2028 | 6,840 | 5,783,355 | (a) | ||||||||
THL Credit Wind River CLO Ltd. 2018-3A D† | 4.769%(3 Mo. LIBOR + 2.95%) | # | 1/20/2031 | 7,164 | 4,683,838 | (a) | ||||||||
West CLO Ltd. 2014-2A BR† | 3.593%(3 Mo. LIBOR + 1.75%) | # | 1/16/2027 | 4,541 | 4,155,534 | (a) | ||||||||
Wingstop Funding LLC 2018-1 A2† | 4.97 | % | 12/5/2048 | 19,550 | 18,821,897 | |||||||||
Total | 501,949,107 | |||||||||||||
Total Asset-Backed Securities (cost $686,647,843) | 620,151,383 | |||||||||||||
Shares (000) | ||||||||||||||
COMMON STOCKS 6.48% | ||||||||||||||
Auto Parts & Equipment 0.04% | ||||||||||||||
Chassix Holdings, Inc. | 607 | 5,463,513 | (a) | |||||||||||
Cable & Satellite Television 0.25% | ||||||||||||||
Cable One, Inc. | 23 | 37,233,538 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020
Investments | Shares (000) | Fair Value | ||||||||||||
Discount Stores 0.16% | ||||||||||||||
Amazon.com, Inc.* | 12 | $ | 23,160,724 | |||||||||||
Energy: Exploration & Production 0.07% | ||||||||||||||
Chaparral Energy, Inc. Class A* | 541 | 254,330 | ||||||||||||
MEG Energy Corp.*(d) | CAD | 8,004 | 9,498,612 | |||||||||||
Templar Energy LLC Class A Units | 417 | 33,346 | (e) | |||||||||||
Total | 9,786,288 | |||||||||||||
Food: Wholesale 0.15% | ||||||||||||||
Beyond Meat, Inc.* | 333 | 22,152,692 | ||||||||||||
Gaming 0.18% | ||||||||||||||
Churchill Downs, Inc. | 254 | 26,178,744 | ||||||||||||
Hotels 0.09% | ||||||||||||||
Hilton Worldwide Holdings, Inc. | 195 | 13,332,322 | ||||||||||||
Media: Content 0.14% | ||||||||||||||
ION Media Networks, Inc. | 4 | 1,931,885 | (e) | |||||||||||
Netflix, Inc.* | 51 | 19,142,239 | ||||||||||||
Total | 21,074,124 | |||||||||||||
Media: Diversified 0.10% | ||||||||||||||
Walt Disney Co. (The) | 154 | 14,917,551 | ||||||||||||
Medical Products 0.34% | ||||||||||||||
DexCom, Inc.* | 187 | 50,445,580 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020
Investments | Shares (000) | Fair Value | ||||||
Personal & Household Products 0.46% | ||||||||
Church & Dwight Co., Inc. | 440 | $ | 28,240,997 | |||||
Estee Lauder Cos., Inc. (The) Class A | 163 | 26,022,771 | ||||||
Gibson Brands, Inc. | 107 | 12,560,985 | (a) | |||||
Remington Outdoor Co., Inc. | 164 | 204,685 | ||||||
Total | 67,029,438 | |||||||
Pharmaceuticals 0.69% | ||||||||
Gilead Sciences, Inc. | 187 | 13,979,223 | ||||||
NextCure, Inc.* | 1,160 | 43,018,549 | ||||||
Regeneron Pharmaceuticals, Inc.* | 31 | 15,004,663 | ||||||
Vertex Pharmaceuticals, Inc.* | 64 | 15,311,131 | ||||||
Zoetis, Inc. | 126 | 14,782,570 | ||||||
Total | 102,096,136 | |||||||
Restaurants 0.89% | ||||||||
Domino’s Pizza, Inc. | 111 | 36,126,028 | ||||||
Shake Shack, Inc. Class A* | 1,694 | 63,918,162 | ||||||
Texas Roadhouse, Inc. | 747 | 30,858,121 | ||||||
Total | 130,902,311 | |||||||
Software/Services 1.97% | ||||||||
Adyen NV†*(d) | EUR | 20 | 16,928,194 | |||||
Akamai Technologies, Inc.* | 542 | 49,580,993 | ||||||
Alibaba Group Holding Ltd. ADR* | 117 | 22,766,801 | ||||||
Autodesk, Inc.* | 163 | 25,476,144 | ||||||
DocuSign, Inc.* | 634 | 58,565,338 | ||||||
RingCentral, Inc. Class A* | 107 | 22,693,442 | ||||||
Shopify, Inc. Class A (Canada)*(f) | 118 | 49,384,108 | ||||||
Spotify Technology SA (Sweden)*(f) | 195 | 23,644,368 | ||||||
Zoom Video Communications, Inc. Class A* | 150 | 21,882,639 | ||||||
Total | 290,922,027 | |||||||
Specialty Retail 0.40% | ||||||||
Chewy, Inc. Class A* | 410 | 15,386,234 | ||||||
Claires Holdings LLC | 15 | 8,340,405 | ||||||
Lululemon Athletica, Inc. (Canada)*(f) | 187 | 35,452,863 | ||||||
Total | 59,179,502 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020
Investments | Shares (000) | Fair Value | |||||||||||||
Support: Services 0.15% | |||||||||||||||
Bright Horizons Family Solutions, Inc.* | 210 | $ | 21,402,456 | ||||||||||||
Technology Hardware & Equipment 0.40% | |||||||||||||||
Apple, Inc. | 64 | 16,254,217 | |||||||||||||
NVIDIA Corp. | 161 | 42,380,817 | |||||||||||||
Total | 58,635,034 | ||||||||||||||
Total Common Stocks (cost $1,074,153,313) | 953,911,980 | ||||||||||||||
Interest Rate | Maturity Date | Principal Amount (000) | |||||||||||||
CONVERTIBLE BONDS 0.62% | |||||||||||||||
Automakers 0.47% | |||||||||||||||
Tesla, Inc. | 2.00 | % | 5/15/2024 | $ | 37,446 | $ | 68,402,084 | ||||||||
Software/Services 0.15% | |||||||||||||||
Atlassian, Inc. | 0.625 | % | 5/1/2023 | 13,022 | 22,707,503 | ||||||||||
Total Convertible Bonds (cost $94,714,084) | 91,109,587 | ||||||||||||||
FLOATING RATE LOANS(g) 5.69% | |||||||||||||||
Advertising 0.12% | |||||||||||||||
Clear Channel Outdoor Holdings, Inc. Term Loan B | 4.489%(1 Mo. LIBOR + 3.50%) | 8/21/2026 | 20,157 | 17,133,203 | |||||||||||
Aerospace/Defense 0.07% | |||||||||||||||
Doncasters Finance US LLC 2020 USD Term Loan B2 | 8.50%(3 Mo. LIBOR + 6.50%) | 3/6/2024 | 8,103 | 7,170,951 | (h) | ||||||||||
Doncasters Finance US LLC USD Holdco PIK Term Loan | 13.50 | % | 3/6/2025 | 8,175 | 3,270,103 | (h) | |||||||||
Total | 10,441,054 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | |||||||||||
Air Transportation 0.29% | |||||||||||||||
American Airlines, Inc. 2018 Term Loan B | 2.709%(1 Mo. LIBOR + 1.75%) | 6/27/2025 | $ | 37,227 | $ | 30,223,567 | |||||||||
Kestrel Bidco Inc. Term Loan B (Canada)(f) | 4.00%(1 Mo. LIBOR + 3.00%) | 12/11/2026 | 15,006 | 11,805,002 | |||||||||||
Total | 42,028,569 | ||||||||||||||
Auto Parts & Equipment 0.16% | |||||||||||||||
American Axle and Manufacturing, Inc. Term Loan B | 3.20%(1 Mo. LIBOR + 2.25%) | 4/6/2024 | 27,809 | 23,499,019 | |||||||||||
Building Materials 0.23% | |||||||||||||||
Forterra Finance, LLC 2017 Term Loan B | 4.00%(1 Mo. LIBOR + 3.00%) | 10/25/2023 | 24,979 | 20,899,067 | |||||||||||
Yak Access, LLC 2018 1st Lien Term Loan B | 6.45%(3 Mo. LIBOR + 5.00%) | 7/11/2025 | 17,550 | 12,987,043 | |||||||||||
Total | 33,886,110 | ||||||||||||||
Cable & Satellite Television 0.11% | |||||||||||||||
Charter Communications Operating, LLC 2019 Term Loan B2(b) | — | (i) | 2/1/2027 | 16,913 | 16,320,595 | ||||||||||
Chemicals 0.19% | |||||||||||||||
Starfruit Finco B.V 2018 USD Term Loan B (Netherlands)(f) | 3.863%(1 Mo. LIBOR + 3.00%) | 10/1/2025 | 31,358 | 28,457,649 | |||||||||||
Diversified Capital Goods 0.14% | |||||||||||||||
Granite Holdings US Acquisition Co. Term Loan B | 6.322%(6 Mo. LIBOR + 5.25%) | 9/30/2026 | 22,389 | 16,232,014 | (h) | ||||||||||
UTEX Industries Inc. 1st Lien Term loan 2014(b) | 5.00%(1 Mo. LIBOR + 4.00%) | 5/22/2021 | 13,346 | 4,426,434 | |||||||||||
Total | 20,658,448 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | |||||||||||
Electric: Generation 0.45% | |||||||||||||||
Astoria Energy LLC Term Loan B | 5.00%(1 Mo. LIBOR + 4.00%) | 12/24/2021 | $ | 16,653 | $ | 15,432,080 | |||||||||
Edgewater Generation, L.L.C. Term Loan | 4.739%(1 Mo. LIBOR + 3.75%) | 12/13/2025 | 15,818 | 13,029,838 | |||||||||||
Frontera Generation Holdings LLC 2018 Term Loan B | 5.25%(1 Mo. LIBOR + 4.25%) | 5/2/2025 | 18,528 | 13,803,089 | |||||||||||
Lightstone Holdco LLC 2018 Term Loan B | 4.75%(1 Mo. LIBOR + 3.75%) | 1/30/2024 | 13,171 | 10,207,802 | |||||||||||
Lightstone Holdco LLC 2018 Term Loan C | 4.75%(1 Mo. LIBOR + 3.75%) | 1/30/2024 | 743 | 575,736 | |||||||||||
Moxie Patriot LLC Delayed Draw Term Loan B2 | 7.20%(3 Mo. LIBOR + 5.75%) | 12/19/2020 | 10,358 | 8,742,352 | |||||||||||
Moxie Patriot LLC Term Loan B1 | 7.20%(3 Mo. LIBOR + 5.75%) | 12/19/2020 | 6,210 | 5,241,495 | |||||||||||
Total | 67,032,392 | ||||||||||||||
Electric: Integrated 0.34% | |||||||||||||||
Pacific Gas & Electric Company Revolver | 5.53 | % | 4/27/2022 | 51,069 | 49,434,607 | ||||||||||
Food: Wholesale 0.29% | |||||||||||||||
Froneri International Ltd. 2020 USD Term Loan (United Kingdom)(f) | 3.239%(1 Mo. LIBOR + 2.25%) | 1/29/2027 | 15,174 | 14,567,509 | (h) | ||||||||||
JBS USA Lux S.A. 2019 Term Loan B (Luxembourg)(b)(f) | — | (i) | 5/1/2026 | 12,609 | 11,897,400 | ||||||||||
United Natural Foods, Inc. Term Loan B | 5.239%(1 Mo. LIBOR + 4.25%) | 10/22/2025 | 18,765 | 16,254,861 | |||||||||||
Total | 42,719,770 | ||||||||||||||
Gaming 0.33% | |||||||||||||||
PCI Gaming Authority Term Loan | 3.489%(1 Mo. LIBOR + 2.50%) | 5/29/2026 | 1,964 | 1,628,167 | |||||||||||
Playtika Holding Corp Term Loan B | 7.072%(6 Mo. LIBOR + 6.00%) | 12/10/2024 | 31,940 | 30,130,004 | |||||||||||
VICI Properties 1 LLC Replacement Term Loan B | 2.674%(1 Mo. LIBOR + 1.75%) | 12/20/2024 | 17,740 | 16,509,287 | |||||||||||
Total | 48,267,458 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | |||||||||||
Gas Distribution 0.10% | |||||||||||||||
Buckeye Partners, L.P. 2019 Term Loan B | 4.265%(1 Mo. LIBOR + 2.75%) | 11/1/2026 | $ | 15,315 | $ | 14,174,466 | |||||||||
Health Services 0.64% | |||||||||||||||
Da Vinci Purchaser Corp. 2019 Term Loan | 5.872%(3 Mo. LIBOR + 4.00%) | 1/8/2027 | 16,312 | 15,618,543 | |||||||||||
Global Medical Response, Inc. 2018 Term Loan B1 | 4.932%(2 Mo. LIBOR + 3.25%) | 4/28/2022 | 17,911 | 16,747,074 | |||||||||||
Parexel International Corporation Term Loan B | 3.739%(1 Mo. LIBOR + 2.75%) | 9/27/2024 | 17,523 | 15,135,541 | |||||||||||
RegionalCare Hospital Partners Holdings, Inc. 2018 Term Loan B | 4.739%(1 Mo. LIBOR + 3.75%) | 11/17/2025 | 25,794 | 24,085,317 | |||||||||||
U.S. Renal Care, Inc. 2019 Term Loan B | 6.00%(1 Mo. LIBOR + 5.00%) | 6/26/2026 | 25,207 | 22,290,590 | |||||||||||
Total | 93,877,065 | ||||||||||||||
Insurance Brokerage 0.11% | |||||||||||||||
Hub International Limited 2018 Term Loan B | 4.551%(3 Mo. LIBOR + 2.75%) | 4/25/2025 | 16,960 | 15,976,409 | |||||||||||
Media: Content 0.10% | |||||||||||||||
Univision Communications Inc. Term Loan C5 | 3.75%(1 Mo. LIBOR + 2.75%) | 3/15/2024 | 17,698 | 15,231,247 | |||||||||||
Personal & Household Products 0.16% | |||||||||||||||
FGI Operating Company, LLC Exit Term Loan | 12.00%(3 Mo. LIBOR + 10.00%) | 5/16/2022 | 1,063 | 850,663 | (h) | ||||||||||
Revlon Consumer Products Corporation 2016 Term Loan B | 5.113%(3 Mo. LIBOR + 3.50%) | 9/7/2023 | 25,550 | 10,228,168 | |||||||||||
TGP Holdings III, LLC 2018 1st Lien Term Loan | 6.027%(3 Mo. LIBOR + 4.25%) | 9/25/2024 | 16,168 | 12,368,720 | |||||||||||
Total | 23,447,551 | ||||||||||||||
Rail 0.15% | |||||||||||||||
Genesee & Wyoming Inc. (New) Term Loan | 3.45%(3 Mo. LIBOR + 2.00%) | 12/30/2026 | 23,411 | 22,591,438 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | |||||||||||
Recreation & Travel 0.25% | |||||||||||||||
Alterra Mountain Company Term Loan B1 | 3.75%(1 Mo. LIBOR + 2.75%) | 7/31/2024 | $ | 13,050 | $ | 11,940,923 | |||||||||
Delta 2 (LUX) S.a.r.l. 2018 USD Term Loan (Luxembourg)(f) | 3.50%(1 Mo. LIBOR + 2.50%) | 2/1/2024 | 16,211 | 14,636,002 | |||||||||||
Kingpin Intermediate Holdings LLC 2018 Term Loan B | 4.50%(1 Mo. LIBOR + 3.50%) | 7/3/2024 | 15,753 | 11,020,788 | |||||||||||
Total | 37,597,713 | ||||||||||||||
Restaurants 0.20% | |||||||||||||||
IRB Holding Corp 2020 Term Loan B | 3.75%(1 Wk. LIBOR + 2.75%) | 2/5/2025 | 19,256 | 15,076,648 | |||||||||||
Panera Bread Company Term Loan A | 2.75%(1 Mo. LIBOR + 1.75%) | 7/18/2022 | 16,194 | 14,331,948 | |||||||||||
Total | 29,408,596 | ||||||||||||||
Software/Services 0.31% | |||||||||||||||
Ancestry.com Operations Inc. 2019 Extended Term Loan B | 5.24%(1 Mo. LIBOR + 4.25%) | 8/27/2026 | 15,087 | 12,145,038 | |||||||||||
Ellie Mae, Inc. Term Loan | 5.69%(3 Mo. LIBOR + 4.00%) | 4/17/2026 | 2,180 | 1,946,028 | |||||||||||
Tibco Software Inc. 2020 Term Loan B | 4.74%(1 Mo. LIBOR + 3.75%) | 6/30/2026 | 17,787 | 16,897,301 | (h) | ||||||||||
Ultimate Software Group Inc. (The) Term Loan B | 4.739%(1 Mo. LIBOR + 3.75%) | 5/4/2026 | 16,181 | 15,236,790 | |||||||||||
Total | 46,225,157 | ||||||||||||||
Specialty Retail 0.50% | |||||||||||||||
BJ’s Wholesale Club, Inc. 2017 1st Lien Term Loan | 3.047%(1 Mo. LIBOR + 2.25%) | 2/3/2024 | 22,892 | 22,104,967 | |||||||||||
Claire’s Stores, Inc. 2019 Term Loan B | 8.421%(3 Mo. LIBOR + 6.50%) | 12/18/2026 | 11,763 | 9,910,665 | |||||||||||
CWGS Group, LLC 2016 Term Loan | 3.766%(1 Mo. LIBOR + 2.75%) | 11/8/2023 | 17,823 | 11,994,555 | |||||||||||
Mavis Tire Express Services Corp. 2018 1st Lien Term Loan | 4.70%(3 Mo. LIBOR + 3.25%) | 3/20/2025 | 17,187 | 13,942,958 | |||||||||||
PetSmart, Inc. Consenting Term Loan | 5.00%(6 Mo. LIBOR + 4.00%) | 3/11/2022 | 16,624 | 15,986,000 | |||||||||||
Total | 73,939,145 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | |||||||||||
Support: Services 0.40% | |||||||||||||||
Aramark Services, Inc. 2018 Term Loan B2(b) | 2.739%(1 Mo. LIBOR + 1.75%) | 3/28/2024 | $ | 5,906 | $ | 5,670,137 | (h) | ||||||||
DG Investment Intermediate Holdings 2, Inc. 2018 1st Lien Term Loan | 3.989%(1 Mo. LIBOR + 3.00%) | 2/3/2025 | 16,126 | 13,787,947 | |||||||||||
NEP/NCP Holdco, Inc. 2018 1st Lien Term Loan | 4.70%(3 Mo. LIBOR + 3.25%) | 10/20/2025 | 17,116 | 10,858,198 | |||||||||||
Pike Corporation 2019 Term Loan B | 4.24%(1 Mo. LIBOR + 3.25%) | 7/24/2026 | 17,132 | 16,075,138 | |||||||||||
Trans Union, LLC 2019 Term Loan B5 | 2.739%(1 Mo. LIBOR + 1.75%) | 11/16/2026 | 12,764 | 12,304,229 | |||||||||||
Total | 58,695,649 | ||||||||||||||
Transportation: Infrastructure/Services 0.05% | |||||||||||||||
Commercial Barge Line Company 2015 1st Lien Term Loan | — | (i) | 11/12/2020 | 19,812 | 6,438,918 | ||||||||||
Commercial Barge Line Company 2020 DIP Term Loan | 9.00%(1 Mo. LIBOR + 7.00%) | 2/3/2027 | 1,178 | 1,142,577 | (h) | ||||||||||
Total | 7,581,495 | ||||||||||||||
Total Floating Rate Loans (cost $961,818,393) | 838,624,805 | ||||||||||||||
FOREIGN GOVERNMENT OBLIGATIONS 2.41% | |||||||||||||||
Angola 0.09% | |||||||||||||||
Republic of Angola†(f) | 8.25 | % | 5/9/2028 | 8,961 | 3,732,830 | ||||||||||
Republic of Angola†(f) | 9.375 | % | 5/8/2048 | 24,995 | 9,966,456 | ||||||||||
Total | 13,699,286 | ||||||||||||||
Argentina 0.51% | |||||||||||||||
Ciudad Autonoma De Buenos Aires†(f) | 7.50 | % | 6/1/2027 | 28,645 | 18,118,249 | ||||||||||
Province of Santa Fe†(f) | 6.90 | % | 11/1/2027 | 24,260 | 12,857,800 | ||||||||||
Provincia de Cordoba†(f) | 7.125 | % | 6/10/2021 | 21,548 | 14,194,960 | ||||||||||
Provincia de Cordoba†(f) | 7.45 | % | 9/1/2024 | 26,688 | 12,943,947 | ||||||||||
Provincia de Mendoza†(f) | 8.375 | % | 5/19/2024 | 27,674 | 12,730,040 | ||||||||||
Provincia of Neuquen†(f) | 7.50 | % | 4/27/2025 | 5,397 | 3,454,080 | ||||||||||
Total | 74,299,076 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | |||||||||||
Australia 0.17% | |||||||||||||||
Australian Government(d) | 4.25 | % | 4/21/2026 | AUD | 33,642 | $ | 25,324,705 | ||||||||
Ecuador 0.06% | |||||||||||||||
Ecuador Government International Bond†(f) | 10.75 | % | 1/31/2029 | $ | 31,810 | 9,145,375 | |||||||||
Egypt 0.35% | |||||||||||||||
Arab Republic of Egypt†(f) | 5.577 | % | 2/21/2023 | 39,734 | 36,940,501 | ||||||||||
Republic of Egypt†(f) | 6.588 | % | 2/21/2028 | 16,880 | 14,453,500 | ||||||||||
Total | 51,394,001 | ||||||||||||||
Ivory Coast 0.09% | |||||||||||||||
Ivory Coast Government International Bond†(d) | 5.875 | % | 10/17/2031 | EUR | 14,313 | 13,555,108 | |||||||||
Kenya 0.30% | |||||||||||||||
Republic of Kenya†(f) | 7.25 | % | 2/28/2028 | $ | 22,576 | 21,110,005 | |||||||||
Republic of Kenya†(f) | 8.25 | % | 2/28/2048 | 24,972 | 23,176,139 | ||||||||||
Total | 44,286,144 | ||||||||||||||
Mongolia 0.18% | |||||||||||||||
Development Bank of Mongolia LLC†(f) | 7.25 | % | 10/23/2023 | 31,219 | 27,003,346 | ||||||||||
Suriname 0.02% | |||||||||||||||
Republic of Suriname†(f) | 9.25 | % | 10/26/2026 | 4,289 | 2,320,649 | ||||||||||
Ukraine 0.31% | |||||||||||||||
Ukraine Government†(f) | 7.375 | % | 9/25/2032 | 49,815 | 45,456,636 | ||||||||||
United Arab Emirates 0.33% | |||||||||||||||
Abu Dhabi Government International†(f) | 3.125 | % | 5/3/2026 | 47,836 | 48,959,955 | ||||||||||
Total Foreign Government Obligations (cost $466,177,628) | 355,444,281 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | |||||||||||
GOVERNMENT SPONSORED ENTERPRISES COLLATERALIZED MORTGAGE OBLIGATION 0.50% | |||||||||||||||
Government National Mortgage Assoc. 2012-144 AL (cost $73,478,607) | 1.85 | %#(j) | 1/16/2053 | $ | 74,716 | $ | 73,753,369 | ||||||||
HIGH YIELD CORPORATE BONDS 68.59% | |||||||||||||||
Advertising 0.08% | |||||||||||||||
Clear Channel Worldwide Holdings, Inc.† | 9.25 | % | 2/15/2024 | 13,740 | 11,902,344 | ||||||||||
Aerospace/Defense 1.36% | |||||||||||||||
Boeing Co. (The) | 3.60 | % | 5/1/2034 | 1,177 | 1,056,682 | ||||||||||
Boeing Co. (The) | 5.875 | % | 2/15/2040 | 1,858 | 1,799,431 | ||||||||||
Boeing Co. (The) | 6.875 | % | 3/15/2039 | 11,958 | 12,459,402 | ||||||||||
Bombardier, Inc. (Canada)†(f) | 7.875 | % | 4/15/2027 | 21,641 | 15,096,221 | ||||||||||
Carrier Global Corp.† | 2.722 | % | 2/15/2030 | 10,781 | 9,983,010 | ||||||||||
Huntington Ingalls Industries, Inc.† | 3.844 | % | 5/1/2025 | 10,309 | 10,626,657 | ||||||||||
Signature Aviation US Holdings, Inc.† | 4.00 | % | 3/1/2028 | 27,187 | 24,695,311 | ||||||||||
Signature Aviation US Holdings, Inc.† | 5.375 | % | 5/1/2026 | 12,746 | 12,420,563 | ||||||||||
TransDigm, Inc.† | 5.50 | % | 11/15/2027 | 4,500 | 4,063,725 | ||||||||||
TransDigm, Inc.† | 6.25 | % | 3/15/2026 | 26,374 | 26,390,405 | ||||||||||
TransDigm, Inc. | 6.375 | % | 6/15/2026 | 33,411 | 32,176,464 | ||||||||||
Triumph Group, Inc. | 5.25 | % | 6/1/2022 | 19,083 | 15,904,459 | ||||||||||
United Technologies Corp. | 4.125 | % | 11/16/2028 | 31,099 | 34,403,904 | ||||||||||
Total | 201,076,234 | ||||||||||||||
Air Transportation 1.37% | |||||||||||||||
Air Canada 2013-1 Class A Pass Through Trust (Canada)†(f) | 4.125 | % | 11/15/2026 | 8,336 | 8,536,775 | ||||||||||
American Airlines Group, Inc.† | 3.75 | % | 3/1/2025 | 16,046 | 11,322,459 | ||||||||||
Azul Investments LLP† | 5.875 | % | 10/26/2024 | 40,083 | 22,396,577 | ||||||||||
British Airways 2018-1 Class A Pass Through Trust (United Kingdom)†(f) | 4.125 | % | 3/20/2033 | 8,279 | 7,404,348 | (a) | |||||||||
British Airways 2018-1 Class AA Pass Through Trust (United Kingdom)†(f) | 3.80 | % | 3/20/2033 | 3,990 | 3,608,671 | ||||||||||
British Airways 2019-1 Class A Pass Through Trust (United Kingdom)†(f) | 3.35 | % | 12/15/2030 | 14,619 | 13,903,727 | ||||||||||
British Airways 2019-1 Class AA Pass Through Trust (United Kingdom)†(f) | 3.30 | % | 6/15/2034 | 35,882 | 34,196,691 | ||||||||||
Delta Air Lines 2019-1 Class AA Pass Through Trust | 3.204 | % | 10/25/2025 | 22,520 | 22,011,654 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | |||||||||||
Air Transportation (continued) | |||||||||||||||
Delta Air Lines, Inc. | 2.90 | % | 10/28/2024 | $ | 2,124 | $ | 1,705,273 | ||||||||
Delta Air Lines, Inc. | 3.40 | % | 4/19/2021 | 7,719 | 7,033,518 | ||||||||||
Delta Air Lines, Inc. | 3.75 | % | 10/28/2029 | 45,382 | 36,783,657 | ||||||||||
Delta Air Lines, Inc. | 3.80 | % | 4/19/2023 | 3,584 | 3,375,208 | ||||||||||
JetBlue 2019-1 Class A Pass Through Trust | 2.95 | % | 11/15/2029 | 13,467 | 11,404,303 | ||||||||||
United Airlines 2019-2 Class AA Pass Through Trust | 2.70 | % | 11/1/2033 | 17,940 | 16,396,478 | ||||||||||
Total | 200,079,339 | ||||||||||||||
Auto Parts & Equipment 0.32% | |||||||||||||||
Adient Global Holdings Ltd.† | 4.875 | % | 8/15/2026 | 18,807 | 13,022,437 | ||||||||||
Adient US LLC† | 7.00 | % | 5/15/2026 | 21,145 | 19,678,002 | ||||||||||
Panther BF Aggregator 2 LP/Panther Finance Co., Inc.† | 8.50 | % | 5/15/2027 | 17,080 | 14,995,386 | ||||||||||
Total | 47,695,825 | ||||||||||||||
Automakers 0.92% | |||||||||||||||
Aston Martin Capital Holdings Ltd.(d) | 5.75 | % | 4/15/2022 | GBP | 14,541 | 12,823,580 | |||||||||
Aston Martin Capital Holdings Ltd. (Jersey)†(f) | 6.50 | % | 4/15/2022 | $ | 16,877 | 11,759,421 | |||||||||
General Motors Co. | 8.375 | % | 7/15/2049 | 15,000 | 1,500 | (e) | |||||||||
Mclaren Finance plc. (United Kingdom)†(f) | 5.75 | % | 8/1/2022 | 6,682 | 5,395,715 | ||||||||||
Tesla, Inc.† | 5.30 | % | 8/15/2025 | 111,041 | 105,072,546 | ||||||||||
Total | 135,052,762 | ||||||||||||||
Banking 7.47% | |||||||||||||||
ABN AMRO Bank NV (Netherlands)†(f) | 4.75 | % | 7/28/2025 | 31,461 | 31,723,379 | ||||||||||
AIB Group plc (Ireland)†(f) | 4.263%(3 Mo. LIBOR + 1.87%) | # | 4/10/2025 | 16,837 | 16,956,194 | ||||||||||
AIB Group plc (Ireland)†(f) | 4.75 | % | 10/12/2023 | 31,394 | 31,135,990 | ||||||||||
Ally Financial, Inc. | 4.625 | % | 3/30/2025 | 22,002 | 21,165,594 | ||||||||||
Ally Financial, Inc. | 8.00 | % | 11/1/2031 | 40,182 | 46,412,219 | ||||||||||
ANZ New Zealand Int’l Ltd. (United Kingdom)†(f) | 2.125 | % | 7/28/2021 | 14,890 | 14,773,241 | ||||||||||
Associated Banc-Corp. | 4.25 | % | 1/15/2025 | 7,996 | 8,251,275 | ||||||||||
Australia & New Zealand Banking Group Ltd. (United Kingdom)†(f) | 6.75%(Swap rate + 5.17%) | # | — | (k) | 19,074 | 18,756,132 | |||||||||
Bank Leumi Le-Israel BM (Israel)†(f) | 3.275%(5 Yr Treasury CMT + 1.63%) | # | 1/29/2031 | 17,475 | 16,255,734 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | |||||||||||
Banking (continued) | |||||||||||||||
Bank of America Corp. | 2.369%(3 Mo. LIBOR + .66%) | # | 7/21/2021 | $ | 54,846 | $ | 54,816,939 | ||||||||
Bank of America Corp. | 2.801%(3 Mo. LIBOR + 1.00%) | # | 4/24/2023 | 5,272 | 5,119,945 | ||||||||||
Bank of America Corp. | 4.45 | % | 3/3/2026 | 19,634 | 21,277,947 | ||||||||||
Bank of Ireland Group plc (Ireland)†(f) | 4.50 | % | 11/25/2023 | 31,384 | 31,054,996 | ||||||||||
BankUnited, Inc. | 4.875 | % | 11/17/2025 | 24,313 | 25,149,098 | ||||||||||
BBVA Bancomer SA† | 5.125%(5 Yr Treasury CMT + 2.65%) | # | 1/18/2033 | 28,167 | 23,535,641 | ||||||||||
BBVA USA | 3.875 | % | 4/10/2025 | 26,897 | 25,509,285 | ||||||||||
BNP Paribas SA (France)†(f) | 4.50%(5 Yr Treasury CMT + 2.94%) | # | — | (k) | 36,222 | 27,913,579 | |||||||||
CIT Group, Inc. | 5.25 | % | 3/7/2025 | 6,988 | 6,857,010 | ||||||||||
CIT Group, Inc. | 6.125 | % | 3/9/2028 | 45,724 | 43,371,157 | ||||||||||
Citigroup, Inc. | 2.754%(3 Mo. LIBOR + .96%) | # | 4/25/2022 | 8,818 | 8,636,080 | ||||||||||
Citigroup, Inc. | 4.45 | % | 9/29/2027 | 13,296 | 13,972,708 | ||||||||||
Credit Suisse Group AG (Switzerland)†(f) | 5.10%(5 Yr Treasury CMT + 3.29%) | # | — | (k) | 28,486 | 22,041,043 | |||||||||
Credit Suisse Group AG (Switzerland)†(f) | 6.375%(5 Yr Treasury CMT + 4.82%) | # | — | (k) | 8,522 | 7,486,875 | |||||||||
Fidelity National Financial, Inc. | 4.50 | % | 8/15/2028 | 26,914 | 30,960,491 | ||||||||||
Fifth Third Bancorp | 8.25 | % | 3/1/2038 | 8,042 | 10,645,362 | ||||||||||
Global Bank Corp. (Panama)†(f) | 5.25%(3 Mo. LIBOR + 3.30%) | # | 4/16/2029 | 40,710 | 39,692,250 | ||||||||||
Goldman Sachs Group, Inc. (The) | 3.50 | % | 11/16/2026 | 13,667 | 13,998,003 | ||||||||||
Goldman Sachs Group, Inc. (The) | 4.25 | % | 10/21/2025 | 18,995 | 20,009,331 | ||||||||||
Home BancShares, Inc. | 5.625%(3 Mo. LIBOR + 3.58%) | # | 4/15/2027 | 19,481 | 20,037,162 | ||||||||||
Huntington Bancshares, Inc. | 5.70%(3 Mo. LIBOR + 2.88%) | # | — | (k) | 15,381 | 12,312,337 | |||||||||
Huntington National Bank (The) | 3.125 | % | 4/1/2022 | 26,801 | 27,175,920 | ||||||||||
ING Groep NV (Netherlands)(f) | 5.75%(5 Yr Treasury CMT + 4.34%) | # | — | (k) | 52,761 | 45,715,560 | |||||||||
Intesa Sanpaolo SpA (Italy)†(f) | 5.71 | % | 1/15/2026 | 62,976 | 61,501,860 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | |||||||||||
Banking (continued) | |||||||||||||||
JPMorgan Chase & Co. | 3.54%(3 Mo. LIBOR + 1.38%) | # | 5/1/2028 | $ | 11,994 | $ | 12,674,777 | ||||||||
JPMorgan Chase & Co. | 3.90 | % | 7/15/2025 | 17,386 | 18,629,908 | ||||||||||
JPMorgan Chase & Co. | 4.00%(SOFR + 2.75%) | # | — | (k) | 3,400 | 2,905,725 | |||||||||
JPMorgan Chase & Co. | 4.60%(SOFR + 3.13%) | # | — | (k) | 6,965 | 6,104,474 | |||||||||
JPMorgan Chase & Co. | 6.10%(3 Mo. LIBOR + 3.33%) | # | — | (k) | 12,752 | 13,003,151 | |||||||||
Leggett & Platt, Inc. | 4.40 | % | 3/15/2029 | 31,431 | 32,517,555 | ||||||||||
Macquarie Bank Ltd. (United Kingdom)†(f) | 6.125%(5 Yr. Swap rate + 3.70%) | # | — | (k) | 34,980 | 31,511,208 | |||||||||
Morgan Stanley | 1.613%(SOFR + .70%) | # | 1/20/2023 | 8,248 | 7,701,782 | ||||||||||
Morgan Stanley | 3.125 | % | 7/27/2026 | 18,976 | 19,660,312 | ||||||||||
Morgan Stanley | 3.625 | % | 1/20/2027 | 24,804 | 26,282,433 | ||||||||||
Popular, Inc. | 6.125 | % | 9/14/2023 | 15,922 | 14,867,088 | ||||||||||
Royal Bank of Canada (Canada)(f) | 2.196%(3 Mo. LIBOR + .36%) | # | 1/17/2023 | 5,393 | 5,035,212 | ||||||||||
Santander UK Group Holdings plc (United Kingdom)†(f) | 4.75 | % | 9/15/2025 | 36,032 | 35,920,411 | ||||||||||
US Bancorp | 3.00 | % | 7/30/2029 | 13,452 | 13,449,056 | ||||||||||
Washington Mutual Bank(l) | 6.875 | % | 6/15/2011 | 22,500 | 2,250 | (e) | |||||||||
Webster Financial Corp. | 4.10 | % | 3/25/2029 | 27,684 | 29,135,254 | ||||||||||
Wells Fargo & Co. | 2.911%(3 Mo. LIBOR + 1.11%) | # | 1/24/2023 | 8,994 | 8,382,572 | ||||||||||
Westpac Banking Corp. (Australia)(f) | 4.11%(5 Yr Treasury CMT + 2.00%) | # | 7/24/2034 | 19,677 | 19,146,245 | ||||||||||
Total | 1,101,149,750 | ||||||||||||||
Beverages 1.09% | |||||||||||||||
Bacardi Ltd.† | 2.75 | % | 7/15/2026 | 20,151 | 19,099,151 | ||||||||||
Bacardi Ltd.† | 4.70 | % | 5/15/2028 | 32,381 | 34,695,420 | ||||||||||
Becle SAB de CV (Mexico)†(f) | 3.75 | % | 5/13/2025 | 15,764 | 15,126,745 | ||||||||||
Brown-Forman Corp. | 3.50 | % | 4/15/2025 | 8,956 | 9,564,999 | ||||||||||
Brown-Forman Corp. | 4.50 | % | 7/15/2045 | 18,174 | 21,074,333 | ||||||||||
PepsiCo, Inc. | 3.60 | % | 3/1/2024 | 14,292 | 15,498,498 | ||||||||||
Suntory Holdings Ltd. (Japan)†(f) | 2.25 | % | 10/16/2024 | 44,835 | 45,259,248 | ||||||||||
Total | 160,318,394 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | |||||||||||
Building & Construction 0.81% | |||||||||||||||
Beazer Homes USA, Inc. | 7.25 | % | 10/15/2029 | $ | 15,808 | $ | 12,133,826 | ||||||||
ITR Concession Co. LLC† | 5.183 | % | 7/15/2035 | 7,658 | 8,866,412 | ||||||||||
Lennar Corp. | 4.75 | % | 11/15/2022 | 15,303 | 15,078,658 | ||||||||||
Lennar Corp. | 4.75 | % | 5/30/2025 | 8,420 | 8,156,917 | ||||||||||
Lennar Corp. | 4.75 | % | 11/29/2027 | 7,613 | 7,636,220 | ||||||||||
PulteGroup, Inc. | 6.375 | % | 5/15/2033 | 27,646 | 28,208,997 | ||||||||||
Shea Homes LP/Shea Homes Funding Corp.† | 6.125 | % | 4/1/2025 | 13,841 | 13,823,629 | ||||||||||
Toll Brothers Finance Corp. | 4.875 | % | 3/15/2027 | 12,916 | 12,186,795 | ||||||||||
Toll Brothers Finance Corp. | 5.625 | % | 1/15/2024 | 14,213 | 13,768,773 | ||||||||||
Total | 119,860,227 | ||||||||||||||
Building Materials 0.52% | |||||||||||||||
Allegion plc (Ireland)(f) | 3.50 | % | 10/1/2029 | 11,813 | 11,524,393 | ||||||||||
Hillman Group, Inc. (The)† | 6.375 | % | 7/15/2022 | 16,692 | 13,097,979 | ||||||||||
Owens Corning, Inc. | 4.30 | % | 7/15/2047 | 26,681 | 22,921,055 | ||||||||||
Owens Corning, Inc. | 4.40 | % | 1/30/2048 | 15,778 | 13,538,601 | ||||||||||
Vulcan Materials Co. | 4.50 | % | 6/15/2047 | 14,595 | 14,777,079 | ||||||||||
Total | 75,859,107 | ||||||||||||||
Cable & Satellite Television 3.16% | |||||||||||||||
Altice France SA (France)†(f) | 8.125 | % | 2/1/2027 | 39,761 | 41,671,516 | ||||||||||
CCO Holdings LLC/CCO Holdings Capital Corp.† | 5.125 | % | 5/1/2027 | 83,655 | 84,660,533 | ||||||||||
CCO Holdings LLC/CCO Holdings Capital Corp.† | 5.75 | % | 2/15/2026 | 61,221 | 62,197,475 | ||||||||||
CCO Holdings LLC/CCO Holdings Capital Corp.† | 5.875 | % | 4/1/2024 | 15,739 | 16,191,575 | ||||||||||
CSC Holdings LLC† | 5.50 | % | 4/15/2027 | 27,834 | 28,959,885 | ||||||||||
CSC Holdings LLC† | 5.75 | % | 1/15/2030 | 23,298 | 23,582,469 | ||||||||||
CSC Holdings LLC† | 6.50 | % | 2/1/2029 | 13,352 | 14,475,103 | ||||||||||
CSC Holdings LLC† | 10.875 | % | 10/15/2025 | 16,727 | 18,117,432 | ||||||||||
DISH DBS Corp. | 7.75 | % | 7/1/2026 | 118,716 | 122,639,564 | ||||||||||
LCPR Senior Secured Financing DAC (Ireland)†(f) | 6.75 | % | 10/15/2027 | 15,074 | 14,931,551 | ||||||||||
Ziggo BV (Netherlands)†(f) | 5.50 | % | 1/15/2027 | 37,690 | 37,899,179 | ||||||||||
Total | 465,326,282 | ||||||||||||||
Chemicals 0.74% | |||||||||||||||
CF Industries, Inc.† | 4.50 | % | 12/1/2026 | 23,920 | 25,260,701 | ||||||||||
CNAC HK Finbridge Co. Ltd. (Hong Kong)(f) | 4.125 | % | 7/19/2027 | 31,514 | 32,731,574 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | |||||||||||
Chemicals (continued) | |||||||||||||||
FMC Corp. | 3.45 | % | 10/1/2029 | $ | 13,468 | $ | 13,558,949 | ||||||||
OCI NV (Netherlands)†(f) | 6.625 | % | 4/15/2023 | 13,200 | 12,144,000 | ||||||||||
Yingde Gases Investment Ltd. (Hong Kong)†(f) | 6.25 | % | 1/19/2023 | 27,120 | 25,014,834 | ||||||||||
Total | 108,710,058 | ||||||||||||||
Consumer/Commercial/Lease Financing 1.68% | |||||||||||||||
AerCap Holdings NV (Ireland)(f) | 5.875%(5 Yr Treasury CMT + 4.54%) | # | 10/10/2079 | 13,326 | 9,265,901 | ||||||||||
American Tower Corp. | 2.95 | % | 1/15/2025 | 44,909 | 44,945,370 | ||||||||||
Nationstar Mortgage Holdings, Inc.† | 6.00 | % | 1/15/2027 | 14,444 | 12,358,648 | ||||||||||
Navient Corp. | 5.00 | % | 3/15/2027 | 47,787 | 41,440,886 | ||||||||||
Navient Corp. | 6.125 | % | 3/25/2024 | 31,847 | 30,016,753 | ||||||||||
Navient Corp. | 6.75 | % | 6/25/2025 | 32,744 | 30,370,060 | ||||||||||
Navient Corp. | 6.75 | % | 6/15/2026 | 29,958 | 27,727,627 | ||||||||||
Quicken Loans, Inc.† | 5.25 | % | 1/15/2028 | 15,000 | 14,771,512 | ||||||||||
Springleaf Finance Corp. | 5.375 | % | 11/15/2029 | 39,637 | 36,508,452 | ||||||||||
Total | 247,405,209 | ||||||||||||||
Department Stores 0.22% | |||||||||||||||
Seven & i Holdings Co. Ltd. (Japan)†(f) | 3.35 | % | 9/17/2021 | 31,997 | 32,498,872 | ||||||||||
Discount Stores 1.10% | |||||||||||||||
Amazon.com, Inc. | 3.15 | % | 8/22/2027 | 28,837 | 31,655,949 | ||||||||||
Amazon.com, Inc. | 4.25 | % | 8/22/2057 | 20,632 | 28,648,044 | ||||||||||
Amazon.com, Inc. | 4.80 | % | 12/5/2034 | 28,691 | 37,366,988 | ||||||||||
Amazon.com, Inc. | 5.20 | % | 12/3/2025 | 53,869 | 64,600,713 | ||||||||||
Total | 162,271,694 | ||||||||||||||
Diversified Capital Goods 1.36% | |||||||||||||||
BCD Acquisition, Inc.† | 9.625 | % | 9/15/2023 | 15,903 | 13,278,528 | ||||||||||
Dover Corp. | 2.95 | % | 11/4/2029 | 17,664 | 17,727,939 | ||||||||||
General Electric Co. | 2.70 | % | 10/9/2022 | 42,741 | 42,095,321 | ||||||||||
General Electric Co. | 3.10 | % | 1/9/2023 | 25,636 | 26,070,997 | ||||||||||
General Electric Co. | 5.00%(3 Mo. LIBOR + 3.33%) | # | — | (k) | 48,829 | 40,375,479 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | |||||||||||
Diversified Capital Goods (continued) | |||||||||||||||
Siemens Financieringsmaatschappij NV (Netherlands)†(f) | 3.25 | % | 5/27/2025 | $ | 13,036 | $ | 13,613,710 | ||||||||
SPX FLOW, Inc.† | 5.625 | % | 8/15/2024 | 8,609 | 8,426,016 | ||||||||||
SPX FLOW, Inc.† | 5.875 | % | 8/15/2026 | 14,947 | 14,476,805 | ||||||||||
Westinghouse Air Brake Technologies Corp. | 3.45 | % | 11/15/2026 | 17,989 | 16,632,247 | ||||||||||
Westinghouse Air Brake Technologies Corp. | 4.95 | % | 9/15/2028 | 8,995 | 8,289,774 | ||||||||||
Total | 200,986,816 | ||||||||||||||
Electric: Distribution/Transportation 0.58% | |||||||||||||||
Adani Transmission Ltd. (India)†(f) | 4.25 | % | 5/21/2036 | 13,508 | 12,216,725 | ||||||||||
Atlantic City Electric Co. | 4.00 | % | 10/15/2028 | 13,493 | 14,519,135 | ||||||||||
Oklahoma Gas & Electric Co. | 3.85 | % | 8/15/2047 | 10,634 | 10,109,216 | ||||||||||
Oklahoma Gas & Electric Co. | 4.15 | % | 4/1/2047 | 11,379 | 11,146,056 | ||||||||||
State Grid Overseas Investment 2016 Ltd.† | 3.50 | % | 5/4/2027 | 35,150 | 37,666,452 | ||||||||||
Total | 85,657,584 | ||||||||||||||
Electric: Generation 1.58% | |||||||||||||||
Acwa Power Management & Investments One Ltd. (Saudi Arabia)†(f) | 5.95 | % | 12/15/2039 | 9,739 | 8,862,490 | ||||||||||
Adani Renewable Energy RJ Ltd./Kodangal Solar Parks Pvt Ltd/Wardha Solar Maharash (India)†(f) | 4.625 | % | 10/15/2039 | 8,400 | 7,623,000 | ||||||||||
Calpine Corp.† | 5.125 | % | 3/15/2028 | 5,076 | 4,707,990 | ||||||||||
Calpine Corp.† | 5.25 | % | 6/1/2026 | 10,457 | 10,007,009 | ||||||||||
Clearway Energy Operating LLC† | 4.75 | % | 3/15/2028 | 8,966 | 8,349,588 | ||||||||||
Clearway Energy Operating LLC | 5.75 | % | 10/15/2025 | 15,737 | 15,678,065 | ||||||||||
Exelon Corp. | 4.05 | % | 4/15/2030 | 11,219 | 11,133,788 | ||||||||||
Greenko Solar Mauritius Ltd. (Mauritius)†(f) | 5.95 | % | 7/29/2026 | 11,663 | 9,677,416 | ||||||||||
NextEra Energy Operating Partners LP† | 3.875 | % | 10/15/2026 | 46,654 | 44,583,589 | ||||||||||
NextEra Energy Operating Partners LP† | 4.50 | % | 9/15/2027 | 19,300 | 18,951,973 | ||||||||||
NRG Energy, Inc. | 5.75 | % | 1/15/2028 | 45,435 | 46,595,864 | ||||||||||
NSG Holdings LLC/NSG Holdings, Inc.† | 7.75 | % | 12/15/2025 | 18,747 | 18,910,644 | ||||||||||
TerraForm Power Operating LLC† | 4.75 | % | 1/15/2030 | 19,948 | 19,460,271 | ||||||||||
TerraForm Power Operating LLC† | 5.00 | % | 1/31/2028 | 7,569 | 7,972,806 | ||||||||||
Total | 232,514,493 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | |||||||||||
Electric: Integrated 3.39% | |||||||||||||||
AES Corp. (The) | 4.50 | % | 3/15/2023 | $ | 12,314 | $ | 12,144,744 | ||||||||
AES Corp. (The) | 5.125 | % | 9/1/2027 | 12,496 | 12,596,343 | ||||||||||
Arizona Public Service Co. | 2.95 | % | 9/15/2027 | 13,385 | 13,459,143 | ||||||||||
Ausgrid Finance Pty Ltd. (Australia)†(f) | 4.35 | % | 8/1/2028 | 13,786 | 15,561,273 | ||||||||||
Avangrid, Inc. | 3.80 | % | 6/1/2029 | 6,282 | 6,444,649 | ||||||||||
Black Hills Corp. | 4.35 | % | 5/1/2033 | 13,491 | 16,543,841 | ||||||||||
Dayton Power & Light Co. (The)† | 3.95 | % | 6/15/2049 | 10,775 | 11,021,545 | ||||||||||
DPL, Inc.† | 4.35 | % | 4/15/2029 | 17,956 | 17,145,786 | ||||||||||
El Paso Electric Co. | 5.00 | % | 12/1/2044 | 20,062 | 24,004,922 | ||||||||||
Electricite de France SA (France)†(f) | 3.625 | % | 10/13/2025 | 13,500 | 13,922,122 | ||||||||||
Electricite de France SA (France)†(f) | 4.50 | % | 9/21/2028 | 14,507 | 16,020,984 | ||||||||||
Empresa de Transmision Electrica SA (Panama)†(f) | 5.125 | % | 5/2/2049 | 14,430 | 14,723,001 | ||||||||||
Empresas Publicas de Medellin ESP (Colombia)†(f) | 4.25 | % | 7/18/2029 | 9,449 | 8,135,991 | ||||||||||
Enel Finance International NV (Netherlands)†(f) | 2.65 | % | 9/10/2024 | 28,508 | 27,269,035 | ||||||||||
Enel Finance International NV (Netherlands)†(f) | 3.50 | % | 4/6/2028 | 45,048 | 45,348,059 | ||||||||||
Entergy Arkansas LLC | 4.00 | % | 6/1/2028 | 18,151 | 19,706,538 | ||||||||||
Entergy Arkansas LLC | 4.95 | % | 12/15/2044 | 16,883 | 18,014,645 | ||||||||||
Entergy Louisiana LLC | 4.00 | % | 3/15/2033 | 10,745 | 11,944,785 | ||||||||||
Entergy Mississippi LLC | 2.85 | % | 6/1/2028 | 19,150 | 19,289,640 | ||||||||||
Florida Power & Light Co. | 2.85 | % | 4/1/2025 | 15,868 | 16,698,613 | ||||||||||
Indianapolis Power & Light Co.† | 4.05 | % | 5/1/2046 | 24,503 | 25,801,993 | ||||||||||
Louisville Gas & Electric Co. | 4.375 | % | 10/1/2045 | 15,039 | 16,925,260 | ||||||||||
Monongahela Power Co.† | 3.55 | % | 5/15/2027 | 13,657 | 14,609,326 | ||||||||||
NRG Energy, Inc.† | 3.75 | % | 6/15/2024 | 27,446 | 27,246,405 | ||||||||||
NRG Energy, Inc.† | 5.25 | % | 6/15/2029 | 7,483 | 7,749,021 | ||||||||||
Ohio Power Co. | 4.00 | % | 6/1/2049 | 13,988 | 14,497,870 | ||||||||||
Ohio Power Co. | 4.15 | % | 4/1/2048 | 12,877 | 13,585,984 | ||||||||||
Puget Sound Energy, Inc. | 4.223 | % | 6/15/2048 | 13,467 | 15,640,432 | ||||||||||
Rochester Gas & Electric Corp.† | 3.10 | % | 6/1/2027 | 13,724 | 13,552,960 | ||||||||||
Sierra Pacific Power Co. | 2.60 | % | 5/1/2026 | 9,730 | 9,750,193 | ||||||||||
Total | 499,355,103 | ||||||||||||||
Electronics 1.44% | |||||||||||||||
Amphenol Corp. | 2.05 | % | 3/1/2025 | 13,443 | 12,756,842 | ||||||||||
Amphenol Corp. | 2.80 | % | 2/15/2030 | 31,417 | 28,786,006 | ||||||||||
KLA Corp. | 4.10 | % | 3/15/2029 | 29,229 | 31,921,519 | ||||||||||
Lam Research Corp. | 4.875 | % | 3/15/2049 | 17,958 | 23,407,418 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | |||||||||||
Electronics (continued) | |||||||||||||||
Micron Technology, Inc. | 5.327 | % | 2/6/2029 | $ | 25,257 | $ | 27,781,803 | ||||||||
NVIDIA Corp. | 3.20 | % | 9/16/2026 | 29,939 | 32,444,458 | ||||||||||
Trimble, Inc. | 4.75 | % | 12/1/2024 | 31,261 | 32,909,040 | ||||||||||
Xilinx, Inc. | 2.95 | % | 6/1/2024 | 22,061 | 22,032,231 | ||||||||||
Total | 212,039,317 | ||||||||||||||
Energy: Exploration & Production 1.88% | |||||||||||||||
Apache Corp. | 4.25 | % | 1/15/2030 | 31,384 | 16,682,967 | ||||||||||
Berry Petroleum Co. LLC† | 7.00 | % | 2/15/2026 | 18,176 | 7,425,668 | ||||||||||
Callon Petroleum Co. | 6.125 | % | 10/1/2024 | 17,958 | 3,322,230 | ||||||||||
Centennial Resource Production LLC† | 5.375 | % | 1/15/2026 | 26,979 | 6,705,428 | ||||||||||
Centennial Resource Production LLC† | 6.875 | % | 4/1/2027 | 33,567 | 8,457,793 | ||||||||||
Endeavor Energy Resources LP/EER Finance, Inc.† | 5.50 | % | 1/30/2026 | 15,868 | 11,062,813 | ||||||||||
Endeavor Energy Resources LP/EER Finance, Inc.† | 5.75 | % | 1/30/2028 | 15,020 | 10,296,961 | ||||||||||
HighPoint Operating Corp. | 7.00 | % | 10/15/2022 | 16,592 | 8,684,850 | ||||||||||
Hilcorp Energy I LP/Hilcorp Finance Co.† | 5.00 | % | 12/1/2024 | 19,212 | 9,005,529 | ||||||||||
Hilcorp Energy I LP/Hilcorp Finance Co.† | 6.25 | % | 11/1/2028 | 20,006 | 8,973,541 | ||||||||||
Hunt Oil Co. of Peru LLC Sucursal Del Peru (Peru)†(f) | 6.375 | % | 6/1/2028 | 23,608 | 15,948,384 | ||||||||||
Indigo Natural Resources LLC† | 6.875 | % | 2/15/2026 | 27,082 | 18,079,266 | ||||||||||
Jagged Peak Energy LLC | 5.875 | % | 5/1/2026 | 15,687 | 11,842,391 | ||||||||||
Laredo Petroleum, Inc. | 9.50 | % | 1/15/2025 | 461 | 186,129 | ||||||||||
Laredo Petroleum, Inc. | 10.125 | % | 1/15/2028 | 25,212 | 9,769,650 | ||||||||||
MEG Energy Corp. (Canada)†(f) | 7.00 | % | 3/31/2024 | 20,154 | 9,422,096 | ||||||||||
MEG Energy Corp. (Canada)†(f) | 7.125 | % | 2/1/2027 | 48,847 | 24,667,735 | ||||||||||
Murphy Oil Corp. | 5.75 | % | 8/15/2025 | 14,826 | 8,026,129 | ||||||||||
Murphy Oil Corp. | 5.875 | % | 12/1/2027 | 15,253 | 8,031,467 | ||||||||||
Murphy Oil Corp. | 6.875 | % | 8/15/2024 | 10,558 | 6,321,655 | ||||||||||
Oasis Petroleum, Inc.† | 6.25 | % | 5/1/2026 | 9,590 | 1,607,044 | ||||||||||
Oasis Petroleum, Inc. | 6.875 | % | 3/15/2022 | 16,738 | 3,431,290 | ||||||||||
OGX Austria GmbH (Brazil)†(f)(l) | 8.50 | % | 6/1/2018 | 20,000 | 400 | ||||||||||
Parsley Energy LLC/Parsley Finance Corp.† | 5.375 | % | 1/15/2025 | 3,519 | 2,744,644 | ||||||||||
Parsley Energy LLC/Parsley Finance Corp.† | 5.625 | % | 10/15/2027 | 23,096 | 16,410,863 | ||||||||||
PDC Energy, Inc. | 5.75 | % | 5/15/2026 | 13,302 | 7,538,576 | ||||||||||
SM Energy Co. | 6.625 | % | 1/15/2027 | 22,859 | 6,812,725 | ||||||||||
SM Energy Co. | 6.75 | % | 9/15/2026 | 17,841 | 5,504,707 | ||||||||||
Texaco Capital, Inc. | 8.625 | % | 11/15/2031 | 11,023 | 17,279,668 | ||||||||||
W&T Offshore, Inc.† | 9.75 | % | 11/1/2023 | 14,950 | 3,625,824 | ||||||||||
WPX Energy, Inc. | 5.25 | % | 10/15/2027 | 15,243 | 8,468,249 | ||||||||||
Total | 276,336,672 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | |||||||||||
Environmental 0.08% | |||||||||||||||
Waste Pro USA, Inc.† | 5.50 | % | 2/15/2026 | $ | 13,381 | $ | 12,508,124 | ||||||||
Food & Drug Retailers 0.35% | |||||||||||||||
Albertsons Cos, Inc. / Safeway, Inc. / New Albertsons LP / Albertsons LLC† | 4.625 | % | 1/15/2027 | 10,224 | 10,229,623 | ||||||||||
Albertsons Cos, Inc. / Safeway, Inc. / New Albertsons LP / Albertsons LLC† | 4.875 | % | 2/15/2030 | 17,549 | 17,505,128 | ||||||||||
Rite Aid Corp.† | 6.125 | % | 4/1/2023 | 28,216 | 24,477,380 | ||||||||||
Total | 52,212,131 | ||||||||||||||
Food: Wholesale 2.19% | |||||||||||||||
Arcor SAIC (Argentina)†(f) | 6.00 | % | 7/6/2023 | 26,221 | 19,462,799 | ||||||||||
BRF SA (Brazil)†(f) | 4.875 | % | 1/24/2030 | 17,826 | 15,054,057 | ||||||||||
Chobani LLC/Chobani Finance Corp., Inc.† | 7.50 | % | 4/15/2025 | 25,074 | 23,004,643 | ||||||||||
FAGE International SA/FAGE USA Dairy Industry, Inc. (Luxembourg)†(f) | 5.625 | % | 8/15/2026 | 18,758 | 14,979,060 | ||||||||||
General Mills, Inc. | 2.875 | % | 4/15/2030 | 7,342 | 7,356,625 | ||||||||||
JBS USA LUX SA/JBS USA Finance, Inc.† | 6.75 | % | 2/15/2028 | 49,605 | 53,228,645 | ||||||||||
Kraft Heinz Foods Co.† | 3.75 | % | 4/1/2030 | 10,503 | 10,041,955 | ||||||||||
Kraft Heinz Foods Co. | 4.375 | % | 6/1/2046 | 18,370 | 16,654,683 | ||||||||||
Kraft Heinz Foods Co. | 4.625 | % | 1/30/2029 | 5,403 | 5,458,054 | ||||||||||
Kraft Heinz Foods Co. | 5.00 | % | 7/15/2035 | 12,508 | 12,519,285 | ||||||||||
Kraft Heinz Foods Co. | 5.00 | % | 6/4/2042 | 18,238 | 17,366,366 | ||||||||||
Lamb Weston Holdings, Inc.† | 4.625 | % | 11/1/2024 | 12,447 | 12,338,151 | ||||||||||
McCormick & Co., Inc. | 4.20 | % | 8/15/2047 | 21,326 | 23,399,567 | ||||||||||
MHP Lux SA (Luxembourg)†(f) | 6.95 | % | 4/3/2026 | 16,630 | 13,493,233 | ||||||||||
Performance Food Group, Inc.† | 5.50 | % | 10/15/2027 | 15,421 | 14,419,792 | ||||||||||
Smithfield Foods, Inc.† | 5.20 | % | 4/1/2029 | 34,832 | 35,155,372 | ||||||||||
Sysco Corp. | 2.40 | % | 2/15/2030 | 17,926 | 14,821,347 | ||||||||||
Sysco Corp. | 5.65 | % | 4/1/2025 | 3,233 | 3,369,910 | ||||||||||
Sysco Corp. | 6.60 | % | 4/1/2050 | 10,289 | 11,217,983 | ||||||||||
Total | 323,341,527 | ||||||||||||||
Forestry/Paper 0.08% | |||||||||||||||
Norbord, Inc. (Canada)†(f) | 6.25 | % | 4/15/2023 | 12,245 | 11,923,508 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | |||||||||||
Gaming 1.51% | |||||||||||||||
Boyd Gaming Corp.† | 4.75 | % | 12/1/2027 | $ | 11,657 | $ | 9,681,721 | ||||||||
Boyd Gaming Corp. | 6.00 | % | 8/15/2026 | 13,793 | 11,979,807 | ||||||||||
Churchill Downs, Inc.† | 5.50 | % | 4/1/2027 | 2,668 | 2,529,397 | ||||||||||
Eldorado Resorts, Inc. | 6.00 | % | 4/1/2025 | 7,234 | 6,555,849 | ||||||||||
Eldorado Resorts, Inc. | 6.00 | % | 9/15/2026 | 13,521 | 12,278,718 | ||||||||||
Everi Payments, Inc.† | 7.50 | % | 12/15/2025 | 10,576 | 8,130,247 | ||||||||||
GLP Capital LP/GLP Financing II, Inc. | 5.75 | % | 6/1/2028 | 18,808 | 16,751,674 | ||||||||||
Golden Nugget, Inc.† | 6.75 | % | 10/15/2024 | 3,596 | 2,291,947 | ||||||||||
Jacobs Entertainment, Inc.† | 7.875 | % | 2/1/2024 | 7,022 | 5,977,442 | ||||||||||
Las Vegas Sands Corp. | 3.90 | % | 8/8/2029 | 15,210 | 13,232,843 | ||||||||||
Mohegan Gaming & Entertainment† | 7.875 | % | 10/15/2024 | 16,392 | 12,273,428 | ||||||||||
Penn National Gaming, Inc.† | 5.625 | % | 1/15/2027 | 25,676 | 19,267,591 | ||||||||||
Scientific Games International, Inc.† | 7.00 | % | 5/15/2028 | 16,124 | 10,005,748 | ||||||||||
Scientific Games International, Inc.† | 7.25 | % | 11/15/2029 | 16,014 | 9,999,942 | ||||||||||
Stars Group Holdings BV/Stars Group US Co-Borrower LLC (Netherlands)†(f) | 7.00 | % | 7/15/2026 | 13,242 | 12,523,622 | ||||||||||
Station Casinos LLC† | 5.00 | % | 10/1/2025 | 27,359 | 22,990,041 | ||||||||||
Wynn Macau Ltd. (Macau)†(f) | 5.125 | % | 12/15/2029 | 17,912 | 15,180,420 | ||||||||||
Wynn Macau Ltd. (Macau)†(f) | 5.50 | % | 10/1/2027 | 33,682 | 30,111,119 | ||||||||||
Total | 221,761,556 | ||||||||||||||
Gas Distribution 1.34% | |||||||||||||||
Buckeye Partners LP | 6.375%(3 Mo. LIBOR + 4.02%) | # | 1/22/2078 | 31,990 | 14,725,157 | ||||||||||
Dominion Energy Gas Holdings LLC | 3.60 | % | 12/15/2024 | 12,050 | 12,432,459 | ||||||||||
Florida Gas Transmission Co. LLC† | 4.35 | % | 7/15/2025 | 18,069 | 18,745,293 | ||||||||||
Midwest Connector Capital Co. LLC† | 4.625 | % | 4/1/2029 | 31,439 | 30,369,252 | ||||||||||
NGPL PipeCo LLC† | 4.875 | % | 8/15/2027 | 32,573 | 29,076,247 | ||||||||||
Northern Natural Gas Co.† | 4.30 | % | 1/15/2049 | 20,972 | 21,920,865 | ||||||||||
ONE Gas, Inc. | 4.50 | % | 11/1/2048 | 13,497 | 15,937,261 | ||||||||||
Sabal Trail Transmission LLC† | 4.246 | % | 5/1/2028 | 20,166 | 19,933,656 | ||||||||||
Southern Star Central Corp.† | 5.125 | % | 7/15/2022 | 10,145 | 10,045,471 | ||||||||||
Transportadora de Gas Internacional SA ESP (Colombia)†(f) | 5.55 | % | 11/1/2028 | 24,773 | 24,030,863 | ||||||||||
Total | 197,216,524 | ||||||||||||||
Health Facilities 2.90% | |||||||||||||||
AHP Health Partners, Inc.† | 9.75 | % | 7/15/2026 | 15,527 | 13,568,958 | ||||||||||
Ascension Health | 3.945 | % | 11/15/2046 | 8,881 | 10,358,472 | ||||||||||
CHS/Community Health Systems, Inc.† | 8.125 | % | 6/30/2024 | 19,548 | 13,690,442 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | |||||||||||
Health Facilities (continued) | |||||||||||||||
Dignity Health | 3.812 | % | 11/1/2024 | $ | 7,500 | $ | 7,952,761 | ||||||||
HCA, Inc. | 5.50 | % | 6/15/2047 | 50,149 | 54,970,725 | ||||||||||
HCA, Inc. | 7.05 | % | 12/1/2027 | 3,490 | 3,607,788 | ||||||||||
HCA, Inc. | 7.58 | % | 9/15/2025 | 5,778 | 5,980,230 | ||||||||||
HCA, Inc. | 7.69 | % | 6/15/2025 | 12,776 | 13,526,526 | ||||||||||
HCA, Inc. | 8.36 | % | 4/15/2024 | 2,295 | 2,375,325 | ||||||||||
LifePoint Health, Inc.† | 4.375 | % | 2/15/2027 | 23,505 | 22,317,997 | ||||||||||
MEDNAX, Inc.† | 6.25 | % | 1/15/2027 | 27,016 | 21,884,986 | ||||||||||
Memorial Sloan-Kettering Cancer Center | 4.20 | % | 7/1/2055 | 28,034 | 34,029,008 | ||||||||||
Mount Sinai Hospitals Group, Inc. | 3.737 | % | 7/1/2049 | 21,163 | 21,818,686 | ||||||||||
MPT Operating Partnership LP/MPT Finance Corp. | 5.00 | % | 10/15/2027 | 14,011 | 13,696,803 | ||||||||||
New York & Presbyterian Hospital (The) | 4.063 | % | 8/1/2056 | 16,078 | 19,301,300 | ||||||||||
NYU Langone Hospitals | 4.368 | % | 7/1/2047 | 12,348 | 13,250,850 | ||||||||||
Providence St. Joseph Health Obligated Group | 2.532 | % | 10/1/2029 | 14,960 | 14,693,699 | ||||||||||
Rede D’or Finance Sarl (Luxembourg)†(f) | 4.95 | % | 1/17/2028 | 20,352 | 18,658,714 | ||||||||||
RegionalCare Hospital Partners Holdings, Inc./LifePoint Health, Inc.† | 9.75 | % | 12/1/2026 | 20,282 | 19,363,732 | ||||||||||
Surgery Center Holdings, Inc.† | 10.00 | % | 4/15/2027 | 15,305 | 10,844,243 | ||||||||||
Tenet Healthcare Corp. | 5.125 | % | 5/1/2025 | 20,960 | 19,964,400 | ||||||||||
Tenet Healthcare Corp.† | 4.875 | % | 1/1/2026 | 11,230 | 10,738,688 | ||||||||||
Tenet Healthcare Corp.† | 6.25 | % | 2/1/2027 | 42,711 | 41,803,391 | ||||||||||
Tenet Healthcare Corp. | 6.75 | % | 6/15/2023 | 19,692 | 18,289,043 | ||||||||||
Total | 426,686,767 | ||||||||||||||
Health Services 0.57% | |||||||||||||||
CVS Health Corp. | 3.625 | % | 4/1/2027 | 13,462 | 13,816,270 | ||||||||||
DaVita, Inc. | 5.00 | % | 5/1/2025 | 14,587 | 14,659,133 | ||||||||||
Hadrian Merger Sub, Inc.† | 8.50 | % | 5/1/2026 | 16,256 | 12,249,587 | ||||||||||
Montefiore Obligated Group | 5.246 | % | 11/1/2048 | 18,042 | 18,675,199 | ||||||||||
Verscend Escrow Corp.† | 9.75 | % | 8/15/2026 | 23,792 | 23,927,496 | ||||||||||
Total | 83,327,685 | ||||||||||||||
Hotels 0.50% | |||||||||||||||
Hilton Domestic Operating Co., Inc. | 4.875 | % | 1/15/2030 | 18,327 | 15,705,643 | ||||||||||
Hilton Domestic Operating Co., Inc. | 5.125 | % | 5/1/2026 | 42,165 | 40,733,182 | ||||||||||
Wyndham Destinations, Inc. | 5.75 | % | 4/1/2027 | 8,665 | 7,309,296 | ||||||||||
Wyndham Destinations, Inc. | 6.35 | % | 10/1/2025 | 12,105 | 10,274,058 | ||||||||||
Total | 74,022,179 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | |||||||||||
Insurance Brokerage 0.22% | |||||||||||||||
Farmers Insurance Exchange† | 4.747%(3 Mo. LIBOR + 3.23%) | # | 11/1/2057 | $ | 15,790 | $ | 16,853,099 | ||||||||
HUB International Ltd.† | 7.00 | % | 5/1/2026 | 15,861 | 15,822,537 | ||||||||||
Total | 32,675,636 | ||||||||||||||
Integrated Energy 0.90% | |||||||||||||||
Cenovus Energy, Inc. (Canada)(f) | 5.40 | % | 6/15/2047 | 55,330 | 25,250,953 | ||||||||||
Exxon Mobil Corp. | 3.043 | % | 3/1/2026 | 23,752 | 25,157,429 | ||||||||||
Hess Corp. | 5.60 | % | 2/15/2041 | 33,949 | 23,287,339 | ||||||||||
Hess Corp. | 5.80 | % | 4/1/2047 | 25,860 | 17,029,909 | ||||||||||
Shell International Finance BV (Netherlands)(f) | 6.375 | % | 12/15/2038 | 28,912 | 41,387,306 | ||||||||||
Total | 132,112,936 | ||||||||||||||
Investments & Miscellaneous Financial Services 0.46% | |||||||||||||||
AG Issuer LLC† | 6.25 | % | 3/1/2028 | 7,470 | 6,330,825 | ||||||||||
AI Candelaria Spain SLU (Spain)†(f) | 7.50 | % | 12/15/2028 | 14,296 | 10,701,164 | ||||||||||
Global Aircraft Leasing Co. Ltd. PIK 7.25%† | 6.50 | % | 9/15/2024 | 28,007 | 18,246,561 | ||||||||||
Neuberger Berman Group LLC/Neuberger Berman Finance Corp.† | 4.875 | % | 4/15/2045 | 27,236 | 24,947,835 | ||||||||||
Power Finance Corp. Ltd. (India)†(f) | 6.15 | % | 12/6/2028 | 6,909 | 6,970,000 | ||||||||||
Total | 67,196,385 | ||||||||||||||
Life Insurance 0.50% | |||||||||||||||
AIA Group Ltd. (Hong Kong)†(b) | 3.375 | % | 4/7/2030 | 10,612 | 10,741,594 | ||||||||||
Northwestern Mutual Life Insurance Co. (The)† | 3.85 | % | 9/30/2047 | 28,610 | 24,335,154 | ||||||||||
Nuveen Finance LLC† | 4.125 | % | 11/1/2024 | 7,927 | 7,584,838 | ||||||||||
Teachers Insurance & Annuity Association of America† | 4.27 | % | 5/15/2047 | 17,804 | 17,181,871 | ||||||||||
Teachers Insurance & Annuity Association of America† | 4.90 | % | 9/15/2044 | 12,705 | 14,510,475 | ||||||||||
Total | 74,353,932 | ||||||||||||||
Machinery 0.30% | |||||||||||||||
Itron, Inc.† | 5.00 | % | 1/15/2026 | 14,399 | 13,802,054 | ||||||||||
Roper Technologies, Inc. | 4.20 | % | 9/15/2028 | 19,379 | 20,908,469 | ||||||||||
Xylem, Inc. | 3.25 | % | 11/1/2026 | 8,884 | 9,425,796 | ||||||||||
Total | 44,136,319 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | |||||||||||
Managed Care 1.00% | |||||||||||||||
Centene Corp.† | 3.375 | % | 2/15/2030 | $ | 22,765 | $ | 21,256,819 | ||||||||
Centene Corp.† | 4.25 | % | 12/15/2027 | 17,954 | 18,087,757 | ||||||||||
Centene Corp.† | 4.625 | % | 12/15/2029 | 16,030 | 16,199,116 | ||||||||||
Centene Corp. | 4.75 | % | 1/15/2025 | 8,928 | 9,095,445 | ||||||||||
Centene Corp.† | 5.375 | % | 6/1/2026 | 20,972 | 21,719,862 | ||||||||||
Kaiser Foundation Hospitals | 4.15 | % | 5/1/2047 | 17,628 | 20,576,947 | ||||||||||
Molina Healthcare, Inc.† | 4.875 | % | 6/15/2025 | 19,176 | 18,864,294 | ||||||||||
MPH Acquisition Holdings LLC† | 7.125 | % | 6/1/2024 | 24,490 | 21,490,710 | ||||||||||
Total | 147,290,950 | ||||||||||||||
Media: Content 1.73% | |||||||||||||||
AMC Networks, Inc. | 4.75 | % | 8/1/2025 | 27,032 | 26,457,705 | ||||||||||
Diamond Sports Group LLC/Diamond Sports Finance Co.† | 5.375 | % | 8/15/2026 | 21,419 | 17,523,783 | ||||||||||
Gray Television, Inc.† | 5.875 | % | 7/15/2026 | 9,833 | 9,521,786 | ||||||||||
Netflix, Inc.(d) | 3.625 | % | 5/15/2027 | EUR | 50,197 | 55,251,517 | |||||||||
Netflix, Inc.(d) | 3.625 | % | 6/15/2030 | EUR | 5,000 | 5,418,457 | |||||||||
Netflix, Inc.†(d) | 3.625 | % | 6/15/2030 | EUR | 13,504 | 14,634,167 | |||||||||
Netflix, Inc.†(d) | 3.875 | % | 11/15/2029 | EUR | 9,011 | 9,781,461 | |||||||||
Netflix, Inc. | 4.875 | % | 4/15/2028 | $ | 36,655 | 37,665,762 | |||||||||
Netflix, Inc. | 5.50 | % | 2/15/2022 | 5,323 | 5,456,075 | ||||||||||
Nexstar Broadcasting, Inc.† | 5.625 | % | 7/15/2027 | 21,469 | 21,105,100 | ||||||||||
Sirius XM Radio, Inc.† | 5.00 | % | 8/1/2027 | 11,533 | 11,768,850 | ||||||||||
Sirius XM Radio, Inc.† | 5.375 | % | 7/15/2026 | 10,495 | 10,702,539 | ||||||||||
Univision Communications, Inc.† | 5.125 | % | 2/15/2025 | 33,820 | 29,085,200 | ||||||||||
Total | 254,372,402 | ||||||||||||||
Media: Diversified 0.44% | |||||||||||||||
Cable Onda SA (Panama)†(f) | 4.50 | % | 1/30/2030 | 17,683 | 15,659,180 | ||||||||||
Prosus NV (Netherlands)†(f) | 3.68 | % | 1/21/2030 | 28,534 | 25,917,846 | ||||||||||
TWDC Enterprises 18 Corp. | 2.35 | % | 12/1/2022 | 22,526 | 22,917,228 | ||||||||||
Total | 64,494,254 | ||||||||||||||
Medical Products 0.40% | |||||||||||||||
Baxter International, Inc.† | 3.75 | % | 10/1/2025 | 13,842 | 14,729,947 | ||||||||||
Boston Scientific Corp. | 7.00 | % | 11/15/2035 | 16,135 | 21,887,934 | ||||||||||
Edwards Lifesciences Corp. | 4.30 | % | 6/15/2028 | 20,927 | 22,865,012 | ||||||||||
Total | 59,482,893 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | |||||||||||
Metals/Mining (Excluding Steel) 0.99% | |||||||||||||||
Baffinland Iron Mines Corp./Baffinland Iron Mines LP (Canada)†(f) | 8.75 | % | 7/15/2026 | $ | 18,211 | $ | 16,288,829 | ||||||||
Freeport-McMoRan, Inc. | 3.875 | % | 3/15/2023 | 65,271 | 62,578,898 | ||||||||||
Freeport-McMoRan, Inc. | 4.125 | % | 3/1/2028 | 11,761 | 10,339,565 | ||||||||||
Freeport-McMoRan, Inc. | 4.25 | % | 3/1/2030 | 12,291 | 10,724,512 | ||||||||||
Freeport-McMoRan, Inc. | 5.25 | % | 9/1/2029 | 11,700 | 11,089,845 | ||||||||||
Hecla Mining Co. | 7.25 | % | 2/15/2028 | 11,182 | 9,929,616 | ||||||||||
Mirabela Nickel Ltd. (Australia) | 1.00 | % | 9/10/2044 | 185 | 18 | (e) | |||||||||
Rain CII Carbon LLC/CII Carbon Corp.† | 7.25 | % | 4/1/2025 | 16,848 | 14,278,175 | ||||||||||
Warrior Met Coal, Inc.† | 8.00 | % | 11/1/2024 | 12,995 | 10,810,216 | ||||||||||
Total | 146,039,674 | ||||||||||||||
Monoline Insurance 0.08% | |||||||||||||||
MGIC Investment Corp. | 5.75 | % | 8/15/2023 | 11,820 | 11,046,558 | ||||||||||
Multi-Line Insurance 0.10% | |||||||||||||||
Assurant, Inc. | 3.70 | % | 2/22/2030 | 14,558 | 14,313,158 | ||||||||||
Non-Electric Utilities 0.08% | |||||||||||||||
Brooklyn Union Gas Co. (The)† | 3.407 | % | 3/10/2026 | 11,916 | 12,321,819 | ||||||||||
Oil Field Equipment & Services 0.52% | |||||||||||||||
Abu Dhabi Crude Oil Pipeline LLC (United Arab Emirates)†(f) | 4.60 | % | 11/2/2047 | 28,472 | 28,366,397 | ||||||||||
Nabors Industries Ltd.† | 7.25 | % | 1/15/2026 | 10,019 | 3,481,603 | ||||||||||
Nabors Industries Ltd.† | 7.50 | % | 1/15/2028 | 6,721 | 2,201,128 | ||||||||||
Oceaneering International, Inc. | 4.65 | % | 11/15/2024 | 11,763 | 4,793,422 | ||||||||||
Oceaneering International, Inc. | 6.00 | % | 2/1/2028 | 25,383 | 9,936,366 | ||||||||||
Transocean Phoenix 2 Ltd.† | 7.75 | % | 10/15/2024 | 6,547 | 5,704,194 | ||||||||||
Transocean Pontus Ltd.† | 6.125 | % | 8/1/2025 | 11,838 | 9,677,042 | ||||||||||
Transocean Proteus Ltd.† | 6.25 | % | 12/1/2024 | 9,275 | 7,501,110 | ||||||||||
Transocean, Inc. | 6.80 | % | 3/15/2038 | 20,269 | 4,819,968 | ||||||||||
Total | 76,481,230 | ||||||||||||||
Oil Refining & Marketing 0.56% | |||||||||||||||
Citgo Holding, Inc.† | 9.25 | % | 8/1/2024 | 21,838 | 17,961,755 | ||||||||||
PBF Holding Co. LLC / PBF Finance Corp.† | 6.00 | % | 2/15/2028 | 17,350 | 11,798,000 | ||||||||||
Saudi Arabian Oil Co. (Saudi Arabia)†(f) | 4.375 | % | 4/16/2049 | 53,093 | 53,012,993 | ||||||||||
Total | 82,772,748 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | |||||||||||
Packaging 0.38% | |||||||||||||||
Crown Cork & Seal Co., Inc. | 7.375 | % | 12/15/2026 | $ | 11,810 | $ | 12,206,137 | ||||||||
Mauser Packaging Solutions Holding Co.† | 7.25 | % | 4/15/2025 | 24,443 | 18,699,628 | ||||||||||
Sealed Air Corp.† | 6.875 | % | 7/15/2033 | 12,427 | 12,557,701 | ||||||||||
Trivium Packaging Finance BV (Netherlands)†(f) | 5.50 | % | 8/15/2026 | 12,480 | 12,487,763 | ||||||||||
Total | 55,951,229 | ||||||||||||||
Personal & Household Products 1.52% | |||||||||||||||
Coty, Inc.† | 6.50 | % | 4/15/2026 | 19,236 | 17,169,573 | ||||||||||
Hasbro, Inc. | 3.90 | % | 11/19/2029 | 44,903 | 40,680,757 | ||||||||||
Hasbro, Inc. | 5.10 | % | 5/15/2044 | 24,241 | 20,328,962 | ||||||||||
Mattel, Inc.† | 5.875 | % | 12/15/2027 | 16,278 | 16,693,903 | ||||||||||
Mattel, Inc.† | 6.75 | % | 12/31/2025 | 23,059 | 23,664,414 | ||||||||||
Newell Brands, Inc. | 4.20 | % | 4/1/2026 | 76,643 | 75,136,885 | ||||||||||
Newell Brands, Inc. | 5.625 | % | 4/1/2036 | 15,478 | 15,414,512 | ||||||||||
SC Johnson & Son, Inc.† | 4.75 | % | 10/15/2046 | 12,635 | 15,049,917 | ||||||||||
Total | 224,138,923 | ||||||||||||||
Pharmaceuticals 0.96% | |||||||||||||||
AbbVie, Inc.† | 3.20 | % | 11/21/2029 | 26,942 | 27,652,603 | ||||||||||
AbbVie, Inc.† | 4.25 | % | 11/21/2049 | 14,179 | 15,492,615 | ||||||||||
Bausch Health Americas, Inc.† | 8.50 | % | 1/31/2027 | 18,551 | 19,488,753 | ||||||||||
Bausch Health Cos, Inc.† | 5.00 | % | 1/30/2028 | 8,405 | 8,020,051 | ||||||||||
Bausch Health Cos, Inc.† | 5.25 | % | 1/30/2030 | 10,346 | 9,751,105 | ||||||||||
Bausch Health Cos., Inc.† | 6.125 | % | 4/15/2025 | 8,609 | 8,533,714 | ||||||||||
Bausch Health Cos., Inc.† | 7.00 | % | 3/15/2024 | 12,232 | 12,614,311 | ||||||||||
Pfizer, Inc. | 2.625 | % | 4/1/2030 | 13,461 | 14,143,429 | ||||||||||
Teva Pharmaceutical Finance Co. BV (Curacao)(f) | 2.95 | % | 12/18/2022 | 10,936 | 10,084,742 | ||||||||||
Teva Pharmaceutical Finance Co. BV (Curacao)(f) | 3.65 | % | 11/10/2021 | 1,682 | 1,626,074 | ||||||||||
Zoetis, Inc. | 3.90 | % | 8/20/2028 | 13,486 | 14,057,764 | ||||||||||
Total | 141,465,161 | ||||||||||||||
Property & Casualty 0.33% | |||||||||||||||
Allstate Corp. (The) | 3.28 | % | 12/15/2026 | 13,471 | 14,006,332 | ||||||||||
Arch Capital Finance LLC | 4.011 | % | 12/15/2026 | 13,319 | 13,487,933 | ||||||||||
Selective Insurance Group, Inc. | 5.375 | % | 3/1/2049 | 19,241 | 20,393,142 | ||||||||||
Total | 47,887,407 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | |||||||||||
Rail 0.37% | |||||||||||||||
Central Japan Railway Co. (Japan)†(f) | 4.25 | % | 11/24/2045 | $ | 17,006 | $ | 21,339,796 | ||||||||
China Railway Xunjie Co. Ltd. (China)(f) | 3.25 | % | 7/28/2026 | 13,800 | 14,552,026 | ||||||||||
Rumo Luxembourg Sarl (Luxembourg)†(f) | 5.875 | % | 1/18/2025 | 20,674 | 19,252,559 | ||||||||||
Total | 55,144,381 | ||||||||||||||
Real Estate Development & Management 0.26% | |||||||||||||||
Kaisa Group Holdings Ltd. (China)(f) | 9.375 | % | 6/30/2024 | 17,500 | 13,562,291 | ||||||||||
Ontario Teachers’ Cadillac Fairview Properties Trust (Canada)†(f) | 3.875 | % | 3/20/2027 | 23,275 | 24,302,361 | ||||||||||
Total | 37,864,652 | ||||||||||||||
Real Estate Investment Trusts 1.75% | |||||||||||||||
Alexandria Real Estate Equities, Inc. | 3.80 | % | 4/15/2026 | 6,288 | 6,322,309 | ||||||||||
Alexandria Real Estate Equities, Inc. | 3.95 | % | 1/15/2028 | 14,750 | 15,140,646 | ||||||||||
Brixmor Operating Partnership LP | 4.125 | % | 5/15/2029 | 24,245 | 24,911,691 | ||||||||||
CyrusOne LP / CyrusOne Finance Corp. | 3.45 | % | 11/15/2029 | 3,104 | 2,757,159 | ||||||||||
EPR Properties | 4.50 | % | 6/1/2027 | 13,546 | 12,173,916 | ||||||||||
Goodman US Finance Four LLC† | 4.50 | % | 10/15/2037 | 12,258 | 14,941,168 | ||||||||||
Goodman US Finance Three LLC† | 3.70 | % | 3/15/2028 | 7,763 | 7,328,369 | ||||||||||
Hudson Pacific Properties LP | 3.25 | % | 1/15/2030 | 31,446 | 29,186,193 | ||||||||||
Hudson Pacific Properties LP | 3.95 | % | 11/1/2027 | 20,493 | 19,568,630 | ||||||||||
Hudson Pacific Properties LP | 4.65 | % | 4/1/2029 | 8,167 | 8,399,259 | ||||||||||
Kimco Realty Corp. | 3.70 | % | 10/1/2049 | 18,345 | 15,030,287 | ||||||||||
National Retail Properties, Inc. | 4.30 | % | 10/15/2028 | 20,243 | 20,665,349 | ||||||||||
Prologis LP | 3.875 | % | 9/15/2028 | 8,980 | 9,313,832 | ||||||||||
Prologis LP | 4.375 | % | 2/1/2029 | 12,550 | 14,138,074 | ||||||||||
Spirit Realty LP | 3.40 | % | 1/15/2030 | 32,060 | 27,644,530 | ||||||||||
Spirit Realty LP | 4.00 | % | 7/15/2029 | 14,692 | 14,405,079 | ||||||||||
VEREIT Operating Partnership LP | 4.875 | % | 6/1/2026 | 17,065 | 16,472,717 | ||||||||||
Total | 258,399,208 | ||||||||||||||
Recreation & Travel 0.36% | |||||||||||||||
Motion Bondco DAC (Ireland)†(f) | 6.625 | % | 11/15/2027 | 8,041 | 5,829,725 | ||||||||||
Royal Caribbean Cruises Ltd. | 3.70 | % | 3/15/2028 | 3,137 | 1,980,076 | ||||||||||
Royal Caribbean Cruises Ltd. | 7.50 | % | 10/15/2027 | 16,918 | 12,533,680 | ||||||||||
Silversea Cruise Finance Ltd.† | 7.25 | % | 2/1/2025 | 18,091 | 15,535,556 | ||||||||||
Viking Cruises Ltd.† | 5.875 | % | 9/15/2027 | 29,654 | 17,515,432 | ||||||||||
Total | 53,394,469 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | |||||||||||
Reinsurance 0.66% | |||||||||||||||
AXIS Specialty Finance plc (United Kingdom)(f) | 5.15 | % | 4/1/2045 | $ | 21,094 | $ | 23,214,644 | ||||||||
Berkshire Hathaway, Inc. | 2.75 | % | 3/15/2023 | 7,903 | 8,235,883 | ||||||||||
Berkshire Hathaway, Inc. | 3.125 | % | 3/15/2026 | 7,903 | 8,485,393 | ||||||||||
PartnerRe Finance B LLC | 3.70 | % | 7/2/2029 | 26,944 | 30,523,863 | ||||||||||
Transatlantic Holdings, Inc. | 8.00 | % | 11/30/2039 | 17,809 | 26,530,576 | ||||||||||
Total | 96,990,359 | ||||||||||||||
Restaurants 0.81% | |||||||||||||||
Darden Restaurants, Inc. | 4.55 | % | 2/15/2048 | 13,481 | 10,544,380 | ||||||||||
IRB Holding Corp.† | 6.75 | % | 2/15/2026 | 24,585 | 19,580,908 | ||||||||||
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America LLC† | 4.75 | % | 6/1/2027 | 25,312 | 23,969,641 | ||||||||||
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America LLC† | 5.00 | % | 6/1/2024 | 14,574 | 14,373,680 | ||||||||||
McDonald’s Corp. | 3.30 | % | 7/1/2025 | 5,769 | 5,978,850 | ||||||||||
Starbucks Corp. | 4.45 | % | 8/15/2049 | 39,350 | 45,162,412 | ||||||||||
Total | 119,609,871 | ||||||||||||||
Software/Services 2.45% | |||||||||||||||
Autodesk, Inc. | 3.50 | % | 6/15/2027 | 27,008 | 27,853,275 | ||||||||||
Banff Merger Sub, Inc.† | 9.75 | % | 9/1/2026 | 15,289 | 13,570,134 | ||||||||||
Global Payments, Inc. | 4.15 | % | 8/15/2049 | 22,442 | 21,741,154 | ||||||||||
Go Daddy Operating Co. LLC/GD Finance Co., Inc.† | 5.25 | % | 12/1/2027 | 11,226 | 11,391,583 | ||||||||||
GrubHub Holdings, Inc.† | 5.50 | % | 7/1/2027 | 17,074 | 15,205,251 | ||||||||||
j2 Cloud Services LLC/j2 Global Co-Obligor, Inc.† | 6.00 | % | 7/15/2025 | 13,134 | 13,117,517 | ||||||||||
Match Group, Inc.† | 5.00 | % | 12/15/2027 | 22,260 | 21,448,456 | ||||||||||
Microsoft Corp. | 3.125 | % | 11/3/2025 | 40,202 | 44,125,732 | ||||||||||
Microsoft Corp. | 3.30 | % | 2/6/2027 | 26,383 | 29,347,728 | ||||||||||
PTC, Inc.† | 3.625 | % | 2/15/2025 | 9,220 | 8,689,850 | ||||||||||
PTC, Inc.† | 4.00 | % | 2/15/2028 | 15,408 | 14,911,862 | ||||||||||
salesforce.com, Inc. | 3.70 | % | 4/11/2028 | 17,807 | 19,697,031 | ||||||||||
Tencent Holdings Ltd. (China)†(f) | 3.595 | % | 1/19/2028 | 19,777 | 21,045,960 | ||||||||||
Tencent Holdings Ltd. (China)†(f) | 3.925 | % | 1/19/2038 | 23,479 | 26,582,708 | ||||||||||
VeriSign, Inc. | 4.75 | % | 7/15/2027 | 21,815 | 22,730,139 | ||||||||||
VeriSign, Inc. | 5.25 | % | 4/1/2025 | 15,945 | 16,403,498 | ||||||||||
Veritas US, Inc. / Veritas Bermuda Ltd.† | 10.50 | % | 2/1/2024 | 20,022 | 17,043,627 | ||||||||||
Visa, Inc. | 3.15 | % | 12/14/2025 | 14,645 | 15,990,061 | ||||||||||
Total | 360,895,566 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | |||||||||||
Specialty Retail 1.42% | |||||||||||||||
Asbury Automotive Group, Inc.† | 4.50 | % | 3/1/2028 | $ | 9,238 | $ | 7,921,585 | ||||||||
Asbury Automotive Group, Inc.† | 4.75 | % | 3/1/2030 | 2,253 | 1,931,947 | ||||||||||
Best Buy Co., Inc. | 4.45 | % | 10/1/2028 | 18,906 | 19,443,020 | ||||||||||
Carvana Co.† | 8.875 | % | 10/1/2023 | 133 | 126,678 | ||||||||||
eG Global Finance plc (United Kingdom)†(f) | 8.50 | % | 10/30/2025 | 22,482 | 20,149,605 | ||||||||||
JD.com, Inc. (China)(f) | 3.375 | % | 1/14/2030 | 16,606 | 16,650,784 | ||||||||||
JD.com, Inc. (China)(f) | 4.125 | % | 1/14/2050 | 15,650 | 16,058,684 | ||||||||||
Murphy Oil USA, Inc. | 4.75 | % | 9/15/2029 | 14,991 | 14,137,263 | ||||||||||
NIKE, Inc. | 2.40 | % | 3/27/2025 | 20,735 | 21,509,194 | ||||||||||
PetSmart, Inc.† | 5.875 | % | 6/1/2025 | 15,768 | 15,649,740 | ||||||||||
PetSmart, Inc.† | 7.125 | % | 3/15/2023 | 17,395 | 16,516,552 | ||||||||||
Tiffany & Co. | 4.90 | % | 10/1/2044 | 24,318 | 32,990,697 | ||||||||||
Under Armour, Inc. | 3.25 | % | 6/15/2026 | 16,094 | 13,679,047 | ||||||||||
WW International, Inc.† | 8.625 | % | 12/1/2025 | 14,318 | 12,402,896 | ||||||||||
Total | 209,167,692 | ||||||||||||||
Steel Producers/Products 0.35% | |||||||||||||||
Allegheny Technologies, Inc. | 7.875 | % | 8/15/2023 | 17,595 | 17,084,129 | ||||||||||
CSN Islands XI Corp.† | 6.75 | % | 1/28/2028 | 26,705 | 17,224,458 | ||||||||||
CSN Resources SA (Brazil)†(f) | 7.625 | % | 4/17/2026 | 15,335 | 10,071,338 | ||||||||||
Joseph T Ryerson & Son, Inc.† | 11.00 | % | 5/15/2022 | 6,884 | 6,453,605 | ||||||||||
Total | 50,833,530 | ||||||||||||||
Support: Services 2.17% | |||||||||||||||
Ahern Rentals, Inc.† | 7.375 | % | 5/15/2023 | 20,365 | 11,786,142 | ||||||||||
Ashtead Capital, Inc.† | 4.375 | % | 8/15/2027 | 15,655 | 14,520,013 | ||||||||||
Brand Industrial Service, Inc.† | 8.50 | % | 7/15/2025 | 24,863 | 19,708,154 | ||||||||||
Brink’s Co. (The)† | 4.625 | % | 10/15/2027 | 27,980 | 26,006,501 | ||||||||||
Cleveland Clinic Foundation (The) | 4.858 | % | 1/1/2114 | 8,223 | 10,241,541 | ||||||||||
Cloud Crane LLC† | 10.125 | % | 8/1/2024 | 15,146 | 12,022,213 | ||||||||||
Georgetown University (The) | 2.943 | % | 4/1/2050 | 17,968 | 17,428,443 | ||||||||||
IHS Markit Ltd. (United Kingdom)†(f) | 4.00 | % | 3/1/2026 | 29,435 | 29,409,980 | ||||||||||
IHS Markit Ltd. (United Kingdom)(f) | 4.25 | % | 5/1/2029 | 6,511 | 6,909,864 | ||||||||||
IHS Markit Ltd. (United Kingdom)(f) | 4.75 | % | 8/1/2028 | 21,574 | 22,728,802 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | |||||||||||
Support: Services (continued) | |||||||||||||||
Johns Hopkins University | 2.813 | % | 1/1/2060 | $ | 10,114 | $ | 9,179,016 | ||||||||
Marble II Pte Ltd. (Singapore)†(f) | 5.30 | % | 6/20/2022 | 15,805 | 14,207,591 | ||||||||||
Metropolitan Museum of Art (The) | 3.40 | % | 7/1/2045 | 26,471 | 32,727,834 | ||||||||||
Presidio Holdings, Inc.† | 4.875 | % | 2/1/2027 | 1,463 | 1,324,929 | ||||||||||
Ritchie Bros Auctioneers, Inc. (Canada)†(f) | 5.375 | % | 1/15/2025 | 13,118 | 13,331,233 | ||||||||||
Uber Technologies, Inc.† | 8.00 | % | 11/1/2026 | 15,289 | 15,182,474 | ||||||||||
United Rentals North America, Inc. | 4.625 | % | 10/15/2025 | 11,437 | 10,879,389 | ||||||||||
United Rentals North America, Inc. | 4.875 | % | 1/15/2028 | 21,596 | 21,067,978 | ||||||||||
United Rentals North America, Inc. | 5.875 | % | 9/15/2026 | 6,713 | 6,849,777 | ||||||||||
University of Chicago (The) | 2.761 | % | 4/1/2045 | 5,135 | 4,864,867 | ||||||||||
WeWork Cos., Inc.† | 7.875 | % | 5/1/2025 | 50,858 | 19,197,369 | ||||||||||
Total | 319,574,110 | ||||||||||||||
Technology Hardware & Equipment 0.84% | |||||||||||||||
Apple, Inc. | 1.80 | % | 9/11/2024 | 22,440 | 22,888,954 | ||||||||||
Apple, Inc. | 3.00 | % | 6/20/2027 | 26,927 | 29,198,411 | ||||||||||
CDW LLC/CDW Finance Corp. | 4.25 | % | 4/1/2028 | 4,583 | 4,631,351 | ||||||||||
CDW LLC/CDW Finance Corp. | 5.50 | % | 12/1/2024 | 15,000 | 15,728,175 | ||||||||||
Motorola Solutions, Inc. | 4.60 | % | 5/23/2029 | 17,963 | 18,906,612 | ||||||||||
Western Digital Corp. | 4.75 | % | 2/15/2026 | 32,314 | 32,968,358 | ||||||||||
Total | 124,321,861 | ||||||||||||||
Telecommunications: Satellite 0.55% | |||||||||||||||
Connect Finco SARL/Connect US Finco LLC (Luxembourg)†(f) | 6.75 | % | 10/1/2026 | 29,167 | 24,208,610 | ||||||||||
Hughes Satellite Systems Corp. | 5.25 | % | 8/1/2026 | 21,000 | 20,969,393 | ||||||||||
Intelsat Jackson Holdings SA (Luxembourg)(f) | 5.50 | % | 8/1/2023 | 20,902 | 12,985,472 | ||||||||||
Intelsat Jackson Holdings SA (Luxembourg)†(f) | 8.50 | % | 10/15/2024 | 35,976 | 22,879,117 | ||||||||||
Total | 81,042,592 | ||||||||||||||
Telecommunications: Wireless 1.23% | |||||||||||||||
Crown Castle International Corp. | 4.15 | % | 7/1/2050 | 8,421 | 8,328,369 | ||||||||||
SBA Communications Corp.† | 3.875 | % | 2/15/2027 | 40,849 | 41,257,490 | ||||||||||
Sprint Capital Corp. | 6.875 | % | 11/15/2028 | 99,783 | 114,525,938 | ||||||||||
T-Mobile USA, Inc. | 6.50 | % | 1/15/2026 | 16,855 | 17,791,295 | ||||||||||
Total | 181,903,092 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | |||||||||||
Telecommunications: Wireline Integrated & Services 2.27% | |||||||||||||||
Altice Financing SA (Luxembourg)†(f) | 7.50 | % | 5/15/2026 | $ | 38,191 | $ | 37,352,708 | ||||||||
Altice France Holding SA (Luxembourg)†(f) | 6.00 | % | 2/15/2028 | 13,128 | 11,646,899 | ||||||||||
Altice France Holding SA (Luxembourg)†(f) | 10.50 | % | 5/15/2027 | 22,837 | 24,207,220 | ||||||||||
Altice France SA (France)†(f) | 7.375 | % | 5/1/2026 | 46,103 | 46,819,902 | ||||||||||
AT&T, Inc. | 1.964%(3 Mo. LIBOR + 1.18%) | # | 6/12/2024 | 9,393 | 8,728,961 | ||||||||||
AT&T, Inc. | 2.781%(3 Mo. LIBOR + .95%) | # | 7/15/2021 | 16,142 | 15,866,239 | ||||||||||
Consolidated Communications, Inc. | 6.50 | % | 10/1/2022 | 11,460 | 10,113,450 | ||||||||||
DKT Finance ApS (Denmark)†(f) | 9.375 | % | 6/17/2023 | 19,351 | 20,270,172 | ||||||||||
Equinix, Inc.(d) | 2.875 | % | 2/1/2026 | EUR | 37,001 | 39,501,166 | |||||||||
Front Range BidCo, Inc.† | 4.00 | % | 3/1/2027 | $ | 11,525 | 11,092,812 | |||||||||
Front Range BidCo, Inc.† | 6.125 | % | 3/1/2028 | 9,982 | 9,539,049 | ||||||||||
GCI LLC | 6.875 | % | 4/15/2025 | 13,026 | 13,009,652 | ||||||||||
Hellas Telecommunications Luxembourg II SCA (Luxembourg)†(f)(l) | 6.054%(3 Mo. LIBOR + 5.75 %) | # | 1/15/2015 | 15,000 | 1,500 | (e) | |||||||||
Motorola Solutions, Inc. | 4.60 | % | 2/23/2028 | 15,034 | 15,369,112 | ||||||||||
Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC | 8.25 | % | 10/15/2023 | 17,620 | 13,699,550 | ||||||||||
Verizon Communications, Inc. | 2.625 | % | 8/15/2026 | 54,987 | 56,917,467 | ||||||||||
Total | 334,135,859 | ||||||||||||||
Tobacco 0.07% | |||||||||||||||
BAT Capital Corp. | 4.70 | % | 4/2/2027 | 10,362 | 10,582,237 | ||||||||||
Transportation (Excluding Air/Rail) 0.04% | |||||||||||||||
CMA CGM SA(d) | 5.25 | % | 1/15/2025 | EUR | 10,087 | 6,518,896 | |||||||||
Transportation: Infrastructure/Services 0.94% | |||||||||||||||
Adani Ports & Special Economic Zone Ltd. (India)†(f) | 4.375 | % | 7/3/2029 | $ | 26,364 | 22,809,423 | |||||||||
Aeropuerto Internacional de Tocumen SA (Panama)†(f) | 6.00 | % | 11/18/2048 | 22,350 | 24,368,317 | ||||||||||
Autopistas del Sol SA (Costa Rica)†(f) | 7.375 | % | 12/30/2030 | 16,803 | 15,434,647 | ||||||||||
Autoridad del Canal de Panama (Panama)†(f) | 4.95 | % | 7/29/2035 | 8,750 | 10,108,919 | ||||||||||
CH Robinson Worldwide, Inc. | 4.20 | % | 4/15/2028 | 20,351 | 21,612,283 | ||||||||||
Mersin Uluslararasi Liman Isletmeciligi AS (Turkey)†(f) | 5.375 | % | 11/15/2024 | 22,508 | 20,307,302 | ||||||||||
Promontoria Holding 264 BV†(d) | 6.75 | % | 8/15/2023 | EUR | 15,051 | 8,484,193 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | |||||||||||
Transportation: Infrastructure/Services (continued) | |||||||||||||||
Stena AB (Sweden)†(f) | 7.00 | % | 2/1/2024 | $ | 18,962 | $ | 15,525,043 | ||||||||
Total | 138,650,127 | ||||||||||||||
Total High Yield Corporate Bonds (cost $10,836,072,751) | 10,106,658,199 | ||||||||||||||
MUNICIPAL BONDS 4.42% | |||||||||||||||
Air Transportation 0.33% | |||||||||||||||
CT Airport Auth - Ground Trans Proj | 4.282 | % | 7/1/2045 | 4,265 | 4,453,939 | ||||||||||
Los Angeles, CA | 5.575 | % | 5/15/2020 | 9,340 | 9,387,541 | ||||||||||
Miami Dade Cnty, FL | 3.982 | % | 10/1/2041 | 13,915 | 14,903,522 | ||||||||||
Miami-Dade Cnty, FL | 4.28 | % | 10/1/2041 | 18,040 | 19,285,481 | ||||||||||
Total | 48,030,483 | ||||||||||||||
Education 1.04% | |||||||||||||||
California State University | 3.899 | % | 11/1/2047 | 33,030 | 38,538,413 | ||||||||||
Ohio Univ | 5.59 | % | 12/1/2114 | 11,104 | 14,620,748 | ||||||||||
Permanent University Fund - Texas A&M University System | 3.66 | % | 7/1/2047 | 78,015 | 83,488,533 | ||||||||||
Univ of California Bd of Regents | 6.548 | % | 5/15/2048 | 12,463 | 16,712,135 | ||||||||||
Total | 153,359,829 | ||||||||||||||
General Obligation 1.39% | |||||||||||||||
California | 7.55 | % | 4/1/2039 | 15,015 | 24,423,699 | ||||||||||
Chicago Transit Auth, IL | 6.899 | % | 12/1/2040 | 11,826 | 15,901,713 | ||||||||||
Chicago, IL | 5.432 | % | 1/1/2042 | 32,722 | 29,138,286 | ||||||||||
Chicago, IL | 6.314 | % | 1/1/2044 | 22,402 | 22,996,325 | ||||||||||
City of Portland | 7.701 | % | 6/1/2022 | 16,940 | 18,143,926 | ||||||||||
District of Columbia | 5.591 | % | 12/1/2034 | 14,130 | 17,610,502 | ||||||||||
Honolulu HI City & Cnty, | 5.418 | % | 12/1/2027 | 6,620 | 8,217,671 | ||||||||||
Los Angeles Unif Sch Dist, CA | 5.75 | % | 7/1/2034 | 12,497 | 16,078,015 | ||||||||||
Massachusetts | 4.20 | % | 12/1/2021 | 6,620 | 6,718,969 | ||||||||||
New York City | 5.985 | % | 12/1/2036 | 10,161 | 13,117,953 | ||||||||||
Ohio St Univ | 4.048 | % | 12/1/2056 | 6,271 | 6,595,712 | (a) | |||||||||
Pennsylvania | 5.45 | % | 2/15/2030 | 12,190 | 15,052,943 | ||||||||||
The Bd of Governors of the Univ of North Carolina | 3.847 | % | 12/1/2034 | 9,595 | 11,025,327 | ||||||||||
Total | 205,021,041 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | |||||||||||
Government Guaranteed 0.04% | |||||||||||||||
City & County of San Francisco CA | 5.45 | % | 6/15/2025 | $ | 4,540 | $ | 5,315,477 | ||||||||
Lease Obligation 0.05% | |||||||||||||||
Wisconsin | 3.294 | % | 5/1/2037 | 7,145 | 7,669,586 | ||||||||||
Miscellaneous 0.71% | |||||||||||||||
Dallas Convention Center Hotel Dev Corp., TX | 7.088 | % | 1/1/2042 | 17,795 | 25,177,078 | ||||||||||
New York City Indl Dev Agy† | 11.00 | % | 3/1/2029 | 19,878 | 27,248,365 | ||||||||||
Pasadena Public Fing Auth | 7.148 | % | 3/1/2043 | 26,795 | 39,893,468 | ||||||||||
University of California Bond of Regents | 3.006 | % | 5/15/2050 | 12,835 | 11,715,146 | ||||||||||
Total | 104,034,057 | ||||||||||||||
Tax Revenue 0.41% | |||||||||||||||
Massachusetts Sch Bldg Auth | 5.715 | % | 8/15/2039 | 20,055 | 27,174,525 | ||||||||||
Memphis-Shelby County Industrial Development Board, TN | 7.00 | % | 7/1/2045 | 12,890 | 14,054,740 | (a) | |||||||||
San Jose Redev Agy, CA | 2.259 | % | 8/1/2020 | 19,600 | 19,700,744 | ||||||||||
Total | 60,930,009 | ||||||||||||||
Transportation 0.07% | |||||||||||||||
Foothill-Eastern Transportation Corridor Agency | 4.094 | % | 1/15/2049 | 10,790 | 10,944,297 | ||||||||||
Transportation: Infrastructure/Services 0.26% | |||||||||||||||
Chicago Transit Auth, IL | 6.20 | % | 12/1/2040 | 12,385 | 14,912,779 | ||||||||||
Port of Seattle, WA | 3.571 | % | 5/1/2032 | 7,305 | 7,846,885 | ||||||||||
Port of Seattle, WA | 3.755 | % | 5/1/2036 | 13,905 | 14,895,175 | ||||||||||
Total | 37,654,839 | ||||||||||||||
Utilities 0.12% | |||||||||||||||
San Antonio, TX | 5.718 | % | 2/1/2041 | 13,240 | 18,074,983 | ||||||||||
Total Municipal Bonds (cost $613,885,832) | 651,034,601 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | |||||||||||
NON-AGENCY COMMERCIAL MORTGAGE-BACKED SECURITIES 2.39% | |||||||||||||||
Angel Oak Mortgage Trust 2020-1 A1† | 2.466 | %#(j) | 12/25/2059 | $ | 9,355 | $ | 9,284,561 | ||||||||
BBCMS Mortgage Trust 2019-BWAY A† | 1.661%(1 Mo. LIBOR + .96%) | # | 11/25/2034 | 25,000 | 23,453,175 | ||||||||||
Benchmark Mortgage Trust 2019-B12 WMA† | 4.246 | %#(j) | 8/15/2052 | 35,544 | 31,540,679 | (a) | |||||||||
BX Trust 2019-OC11 A† | 3.202 | % | 12/9/2041 | 31,182 | 28,924,423 | ||||||||||
BX Trust 2019-OC11 E† | 4.076% | #(j) | 12/9/2041 | 27,936 | 21,493,796 | ||||||||||
CF Trust 2019-BOSS A1† | 3.955%(1 Mo. LIBOR + 3.25%) | # | 12/15/2021 | 18,200 | 16,514,072 | (a) | |||||||||
Citigroup Commercial Mortgage Trust 2016-P3 D† | 2.804 | %#(j) | 4/15/2049 | 9,991 | 7,210,408 | ||||||||||
CSAIL Commercial Mortgage Trust 2019-C18 AS | 3.321 | % | 12/15/2052 | 17,548 | 17,032,170 | ||||||||||
CSMC Trust 2020-AFC1 A1† | 2.24 | %#(j) | 2/25/2050 | 22,076 | 19,740,259 | ||||||||||
Deephaven Residential Mortgage Trust 2020-1 A1† | 2.339% | #(j) | 1/25/2060 | 14,084 | 13,743,623 | ||||||||||
GCAT Trust 2020-NQM1 A1† | 2.247 | % | 1/25/2060 | 10,248 | 9,858,261 | ||||||||||
Great Wolf Trust 2019-WOLF A† | 1.739%(1 Mo. LIBOR + 1.03%) | # | 12/15/2036 | 39,981 | 36,931,157 | ||||||||||
Great Wolf Trust 2019-WOLF E† | 3.437%(1 Mo. LIBOR + 2.73%) | # | 12/15/2036 | 32,620 | 26,904,206 | ||||||||||
New Residential Mortgage Loan Trust 2020-NQM1 A1† | 2.464 | %#(j) | 1/26/2060 | 8,498 | 8,440,981 | ||||||||||
PFP Ltd. 2019-6 A† | 1.755%(1 Mo. LIBOR + 1.05%) | # | 4/14/2037 | 25,000 | 23,024,313 | (a) | |||||||||
PFP Ltd. 2019-6 C† | 2.805%(1 Mo. LIBOR + 2.10%) | # | 4/14/2037 | 27,054 | 24,306,196 | (a) | |||||||||
Residential Mortgage Loan Trust 2020-1 A1† | 2.376 | %#(j) | 2/25/2024 | 6,029 | 5,824,042 | ||||||||||
Starwood Mortgage Residential Trust 2020-1 A1† | 2.275 | %#(j) | 2/25/2050 | 13,753 | 13,209,160 | ||||||||||
Verus Securitization Trust 2020-1 A1† | 2.417 | %#(j) | 1/25/2060 | 15,753 | 15,139,378 | ||||||||||
Total Non-Agency Commercial Mortgage-Backed Securities (cost $388,681,157) | 352,574,860 | ||||||||||||||
Dividend Rate | Shares (000) | ||||||||||||||
PREFERRED STOCKS 0.00% | |||||||||||||||
ENERGY: EXPLORATION & PRODUCTION 0.00% | |||||||||||||||
Templar Energy LLC | Zero Coupon | 444 | — | (e) | |||||||||||
MISCELLANEOUS 0.00% | |||||||||||||||
ACL Rights Escrow* | Zero Coupon | 8 | 194,700 | (e) | |||||||||||
Total Preferred Stocks (cost $4,058,993) | 194,700 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020
Investments | Exercise Price | Expiration Date | Shares (000) | Fair Value | |||||||||||
WARRANT 0.00% | |||||||||||||||
Personal & Household Products | |||||||||||||||
Remington Outdoor Co., Inc. (cost $871,457) | $ | 35.05 | 5/22/2022 | 165 | $ | 1,651 | (a) | ||||||||
Total Long- Term Investments (cost $15,200,560,058) | 14,043,459,416 | ||||||||||||||
Interest Rate | Maturity Date | Principal Amount (000) | |||||||||||||
SHORT-TERM INVESTMENTS 3.40% | |||||||||||||||
HIGH YIELD CORPORATE BONDS 0.44% | |||||||||||||||
Automakers 0.19% | |||||||||||||||
Toyota Motor Credit Corp. | 1.753%(3 Mo. LIBOR + .07%) | # | 5/22/2020 | $ | 28,258 | 28,144,017 | |||||||||
Diversified Capital Goods 0.15% | |||||||||||||||
GE Capital International Funding Co. Unlimited Co. (Ireland)(f) | 2.342 | % | 11/15/2020 | 21,732 | 21,612,222 | ||||||||||
Health Services 0.05% | |||||||||||||||
CVS Health Corp. | 1.719%(3 Mo. LIBOR + .72%) | # | 3/9/2021 | 7,163 | 7,016,704 | ||||||||||
Personal & Household Products 0.01% | |||||||||||||||
Revlon Consumer Products Corp. | 5.75 | % | 2/15/2021 | 1,796 | 1,466,883 | ||||||||||
Specialty Retail 0.02% | |||||||||||||||
Home Depot, Inc. (The) | 1.464%(3 Mo. LIBOR + .15%) | # | 6/5/2020 | 2,550 | 2,546,784 | ||||||||||
Telecommunications: Wireline Integrated & Services 0.02% | |||||||||||||||
AT&T, Inc. | 2.305%(3 Mo. LIBOR + .93%) | # | 6/30/2020 | 3,889 | 3,863,837 | ||||||||||
Total High Yield Corporate Bonds (cost $64,548,204) | 64,650,447 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | |||||||||||
COMMERCIAL PAPER 0.23% | |||||||||||||||
AON Corp. | 5.339 | % | 4/6/2020 | $ | 475 | $ | 474,654 | ||||||||
BAT International Finance plc | 5.339 | % | 4/6/2020 | 500 | 499,636 | ||||||||||
Mccormick & Co. | 6.415 | % | 5/29/2020 | 15,596 | 15,438,957 | ||||||||||
Sherwin-Williams Co. | 4.317 | % | 4/1/2020 | 17,309 | 17,309,000 | ||||||||||
Total Commercial Paper (cost $33,722,246) | 33,722,247 | ||||||||||||||
REPURCHASE AGREEMENT 2.73% | |||||||||||||||
Repurchase Agreement dated 3/31/2020, 0.00% due 4/1/2020 with Fixed Income Clearing Corp. collateralized by $202,640,000 of U.S. Treasury Note at 2.125% due 5/15/2022; $190,520,000 of U.S. Treasury Note at 1.875% due 4/30/2022; value: $410,900,083; proceeds: $402,838,802 (cost $402,838,802) | 402,839 | 402,838,802 | |||||||||||||
Total Short-Term Investments (cost $501,109,252) | 501,211,496 | ||||||||||||||
Total Investments in Securities 98.72% (cost $15,701,669,310) | 14,544,670,912 | ||||||||||||||
Less Unfunded Loan Commitments (0.00)% (cost $535,318) | (540,109 | ) | |||||||||||||
Net Investments 98.72% (cost $15,701,133,992) | 14,544,130,803 | ||||||||||||||
Cash, Foreign Cash and Other Assets in Excess Liabilities(m)1.28% | 188,268,546 | ||||||||||||||
Net Assets 100.00% | $ | 14,732,399,349 |
AUD | Australian dollar |
CAD | Canadian dollar. |
EUR | Euro. |
GBP | British pound. |
ADR | American Depositary Receipt. |
CMT | Constant Maturity Rate. |
LIBOR | London Interbank Offered Rate. |
PIK | Payment-in-kind. |
SOFR | Secured Over Night Financing Rate. |
Units | More than one class of securities traded together. |
† | Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, unless registered under such Act or exempted from registration, may only be resold to qualified institutional buyers. At March 31, 2020, the total value of Rule 144A securities was $6,027,299,576, which represents 40.91% of net assets. |
# | Variable rate security. The interest rate represents the rate in effect at March 31, 2020. |
* | Non-income producing security. |
(a) | Level 3 Investment as described in Note 2(b) in the Notes to Financials. Security valued utilizing third party pricing information without adjustment. Such valuations are based on unobservable inputs. A significant change in third party information could result in a significantly lower or higher value of such Level 3 investments. |
(b) | Securities purchased on a when-issued basis. |
(c) | Variable Rate is Fixed to Float: Rate remains fixed or at Zero Coupon until designated future date. |
(d) | Investment in non-U.S. dollar denominated securities. |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020
(e) | Level 3 Investment as described in Note 2(b) in the Notes to Financials. Security fair valued by the Pricing Committee. |
(f) | Foreign security traded in U.S. dollars. |
(g) | Floating Rate Loans in which the Fund invests generally pay interest at rates which are periodically re-determined at a margin above the London Interbank Offered Rate (“LIBOR”) or the prime rate offered by major U.S. banks. The rate(s) shown is the rate(s) in effect at March 31, 2020. |
(h) | Level 3 Investment as described in Note 2(b) in the Notes to Financials. Floating Rate Loans categorized as Level 3 are valued based on a single quotation obtained from a dealer. Accounting principles generally accepted in the United States of America do not require the Fund to create quantitative unobservable inputs that were not developed by the Fund. Therefore, the Fund does not have access to unobservable inputs and cannot disclose such inputs in the valuation. |
(i) | Interest rate to be determined. |
(j) | Interest rate is based on the weighted average interest rates of the underlying mortgages within the mortgage pool. |
(k) | Security is perpetual in nature and has no stated maturity. |
(l) | Defaulted (non-income producing security). |
(m) | Cash, Foreign Cash and Other Assets in Excess Liabilities include net unrealized appreciation/depreciation on forward foreign currency exchange contracts, futures contracts and swaps as follows: |
Centrally Cleared Credit Default Swaps on Indexes - Buy Protection at March 31, 2020 (1):
Referenced Index | Central Clearing Party | Fund Pays (Quarterly) | Termination Date | Notional Amount | Notional Value | Payments Upfront(2) | Unrealized Appreciation/ Depreciation(3) | |||||||||||||||||
Markit CDX. NA.EM.32(4)(5) | Credit Suisse | 1.00 | % | 12/20/2024 | $ | 86,700,000 | $ | 76,625,885 | $ | 4,031,727 | $ | 6,042,388 | ||||||||||||
Markit CDX. NA.EM.33(4)(5) | Credit Suisse | 1.00 | % | 6/20/2025 | 441,032,492 | 390,290,804 | 51,545,242 | (803,554 | ) | |||||||||||||||
Markit CDX. NA.IG.33(4)(6) | Credit Suisse | 1.00 | % | 12/20/2024 | 563,604,000 | 561,556,765 | 9,597,323 | (7,550,088 | ) | |||||||||||||||
$ | 65,174,292 | $ | (2,311,254 | ) | ||||||||||||||||||||
Centrally Cleared Credit Default Swaps on Indexes - Sell Protection at March 31, 2020(1): | ||||||||||||||||||||||||
Referenced Index | Central Clearing Party | Fund Receives (Quarterly) | Termination Date | Notional Amount | Notional Value | Payments Upfront(2) | Unrealized Appreciation(3) | |||||||||||||||||
Markit CDX. NA.HY.33(4)(7) | Credit Suisse | 5.00 | % | 12/20/2024 | $ | 1,155,540,886 | $ | 1,083,479,149 | $ | (113,842,258 | ) | $ | 41,780,521 |
(1) | If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and make delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities. If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities. |
(2) | Upfront payments paid/received by Central Clearing Party are presented net of amortization. |
(3) | Total unrealized appreciation on Credit Default Swaps on Indexes amounted to $47,822,909. Total unrealized depreciation on Credit Default Swaps on Indexes amounted to $8,353,642. |
(4) | Central Clearinghouse: Intercontinental Exchange (ICE). |
(5) | The Referenced Index is for the Centrally Cleared Credit Default Swaps on Indexes, which is comprised of a basket of emerging markets sovereign issuers. |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020
(6) | The Referenced Index is for the Centrally Cleared Credit Default Swaps on Indexes, which is comprised of a basket of investment grade securities. |
(7) | The Referenced Index is for the Centrally Cleared Credit Default Swaps on Indexes, which is comprised of a basket of high yield securities. |
Credit Default Swaps on Indexes - Sell Protection at March 31, 2020(1):
Referenced Index/Issuer | Swap Counterparty | Fund Receives (Quarterly) | Termination Date | Notional Amount | Notional Value | Payments Upfront(2) | Unrealized Appreciation/ Depreciation(3) | Credit Default Swap Agreements Payable at Fair Value(4) | ||||||||||||||||||||
Markit CMBX NA.BBB.9* | Credit Suisse | 3.00 | % | 9/17/2058 | $ | 22,888,000 | $ | 17,052,074 | $ | (1,612,732 | ) | $ | (4,223,194 | ) | $ | (5,835,926 | ) | |||||||||||
Markit CMBX NA.BBB.9* | Deutsche Bank | 3.00 | % | 9/17/2058 | 36,637,000 | 27,295,389 | (2,581,512 | ) | (6,760,099 | ) | (9,341,611 | ) | ||||||||||||||||
Markit CMBX NA.BBB.9* | Goldman Sachs | 3.00 | % | 9/17/2058 | 13,539,000 | 10,086,859 | (953,984 | ) | (2,498,157 | ) | (3,452,141 | ) | ||||||||||||||||
Markit CMBX NA.BBB.9* | Morgan Stanley | 3.00 | % | 9/17/2058 | 50,783,000 | 37,834,476 | (3,578,266 | ) | (9,370,258 | ) | (12,948,524 | ) | ||||||||||||||||
Markit CMBX NA.BBB.10* | Credit Suisse | 3.00 | % | 11/17/2059 | 50,333,000 | 36,298,030 | (2,860,470 | ) | (11,174,500 | ) | (14,034,970 | ) | ||||||||||||||||
Markit CMBX NA.BBB.10* | Deutsche Bank | 3.00 | % | 11/17/2059 | 9,149,000 | 6,597,872 | (519,946 | ) | (2,031,182 | ) | (2,551,128 | ) | ||||||||||||||||
Markit CMBX NA.BBB.10* | Goldman Sachs | 3.00 | % | 11/17/2059 | 38,427,000 | 27,711,927 | (2,183,841 | ) | (8,531,232 | ) | (10,715,073 | ) | ||||||||||||||||
Markit CMBX NA.BBB.10* | Morgan Stanley | 3.00 | % | 11/17/2059 | 37,203,000 | 26,829,230 | (2,114,280 | ) | (8,259,490 | ) | (10,373,770 | ) | ||||||||||||||||
Markit CMBX NA.BBB.11* | Deutsche Bank | 3.00 | % | 11/18/2054 | 9,162,000 | 6,239,124 | (407,280 | ) | (2,515,596 | ) | (2,922,876 | ) | ||||||||||||||||
Markit CMBX NA.BBB.11* | JPMorgan Chase | 3.00 | % | 11/18/2054 | 4,607,000 | 3,137,267 | (204,796 | ) | (1,264,937 | ) | (1,469,733 | ) | ||||||||||||||||
Markit CMBX NA.BBB.11* | Morgan Stanley | 3.00 | % | 11/18/2054 | 77,122,000 | 52,518,414 | (3,428,321 | ) | (21,175,265 | ) | (24,603,586 | ) | ||||||||||||||||
Tesla | JPMorgan Chase | 1.00 | % | 6/20/2020 | 15,704,000 | 15,599,473 | (145,980 | ) | 41,453 | (104,527 | ) | |||||||||||||||||
$ | (20,591,408 | ) | $ | (77,762,457 | ) | $ | (98,353,865 | ) |
* | The Referenced Index is for the Credit Default Swaps on Indexes, which is comprised of a basket of commercial mortgage backed securities. |
(1) | If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities. |
(2) | Upfront payments received are presented net of amortization. |
(3) | Total unrealized appreciation on Credit Default Swaps in Indexes/Issuers amounted to $41,453. Total unrealized depreciation on Credit Default Swaps on Indexes/Issuers amounted to $77,803,910. |
(4) | Includes upfront payments received. |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020
Open Forward Foreign Currency Exchange Contracts at March 31, 2020:
Forward Foreign Currency Exchange Contracts | Transaction Type | Counterparty | Expiration Date | Foreign Currency | U.S. $ Cost on Origination Date | U.S. $ Current Value | Unrealized Appreciation | |||||||||||||||
British pound | Buy | Morgan Stanley | 6/5/2020 | 3,503,000 | $ | 4,137,358 | $ | 4,356,244 | $ | 218,886 | ||||||||||||
Euro | Buy | Bank of America | 6/9/2020 | 6,885,000 | 7,512,568 | 7,613,306 | 100,738 | |||||||||||||||
Euro | Buy | Bank of America | 6/9/2020 | 4,008,000 | 4,352,704 | 4,431,972 | 79,268 | |||||||||||||||
Euro | Buy | J.P. Morgan | 6/9/2020 | 2,640,000 | 2,818,502 | 2,919,263 | 100,761 | |||||||||||||||
Euro | Buy | Morgan Stanley | 6/9/2020 | 609,000 | 665,280 | 673,421 | 8,141 | |||||||||||||||
Euro | Buy | State Street Bank and Trust | 6/9/2020 | 995,000 | 1,098,730 | 1,100,253 | 1,523 | |||||||||||||||
Australian dollar | Sell | State Street Bank and Trust | 5/26/2020 | 41,000,000 | 27,174,989 | 25,223,920 | 1,951,069 | |||||||||||||||
British pound | Sell | Bank of America | 6/5/2020 | 13,740,000 | 17,613,169 | 17,086,724 | 526,445 | |||||||||||||||
Euro | Sell | Bank of America | 6/9/2020 | 6,497,000 | 7,232,947 | 7,184,262 | 48,685 | |||||||||||||||
Euro | Sell | State Street Bank and Trust | 6/9/2020 | 165,000,000 | 186,029,250 | 182,453,949 | 3,575,301 | |||||||||||||||
Unrealized Appreciation on Forward Foreign Currency Exchange Contracts | $ | 6,610,817 |
Open Futures Contracts at March 31, 2020:
Type | Expiration | Contracts | Position | Notional Amount | Notional Value | Unrealized Appreciation | ||||||||||||||
Euro- Bobl | June 2020 | 48 | Short | EUR | (6,527,915 | ) | EUR | (6,490,080 | ) | $ | 41,728 | |||||||||
U.S. 2-Year Treasury Note | June 2020 | 18,538 | Long | $ | 4,073,166,705 | $ | 4,085,456,569 | 12,289,864 | ||||||||||||
U.S. 5-Year Treasury Note | June 2020 | 13,432 | Long | 1,640,714,323 | 1,683,827,125 | 43,112,802 | ||||||||||||||
Total Unrealized Appreciation on Open Futures Contracts | $ | 55,444,394 | ||||||||||||||||||
Type | Expiration | Contracts | Position | Notional Amount | Notional Value | Unrealized Depreciation | ||||||||||||||
U.S. 10-Year Treasury Note | June 2020 | 1,038 | Short | $ | (139,695,732 | ) | $ | (143,957,625 | ) | $ | (4,261,893 | ) | ||||||||
U.S. 10-Year Ultra Treasury Bond | June 2020 | 3,527 | Short | (522,154,115 | ) | (550,322,218 | ) | (28,168,103 | ) | |||||||||||
U.S. Long Bond | June 2020 | 3,172 | Short | (529,144,851 | ) | (567,986,250 | ) | (38,841,399 | ) | |||||||||||
U.S. Ultra Treasury Bond | June 2020 | 3,478 | Short | (705,298,835 | ) | (771,681,250 | ) | (66,382,415 | ) | |||||||||||
Total Unrealized Depreciation on Open Futures Contracts | $ | (137,653,810 | ) |
The following is a summary of the inputs used as of March 31, 2020 in valuing the Fund’s investments carried at fair value(1):
Investment Type(2) | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Long-Term Investments | ||||||||||||||||
Asset-Backed Securities | ||||||||||||||||
Other | $ | — | $ | 416,745,232 | $ | 85,203,875 | $ | 501,949,107 | ||||||||
Remaining Industries | — | 118,202,276 | — | 118,202,276 | ||||||||||||
Common Stocks | ||||||||||||||||
Auto Parts & Equipment | — | — | 5,463,513 | 5,463,513 | ||||||||||||
Energy: Exploration & Production | 9,752,942 | — | 33,346 | 9,786,288 | ||||||||||||
Media: Content | 19,142,239 | — | 1,931,885 | 21,074,124 | ||||||||||||
Personal & Household Products | 54,263,768 | 204,685 | 12,560,985 | 67,029,438 | ||||||||||||
Specialty Retail | 50,839,097 | 8,340,405 | — | 59,179,502 | ||||||||||||
Remaining Industries | 791,379,115 | — | — | 791,379,115 | ||||||||||||
Convertible Bonds | — | 91,109,587 | — | 91,109,587 | ||||||||||||
Floating Rate Loans | ||||||||||||||||
Aerospace/Defense | �� | — | 10,441,054 | 10,441,054 | ||||||||||||
Diversified Capital Goods | — | 4,426,434 | 16,232,014 | 20,658,448 | ||||||||||||
Food: Wholesale | — | 28,152,261 | 14,567,509 | 42,719,770 | ||||||||||||
Personal & Household Products | — | 22,596,888 | 850,663 | 23,447,551 | ||||||||||||
Software/Services | — | 29,327,856 | 16,897,301 | 46,225,157 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020
Investment Type(2) | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Support: Services | $ | — | $ | 53,025,512 | $ | 5,670,137 | $ | 58,695,649 | ||||||||
Transportation: Infrastructure/Services | — | 6,438,918 | 1,142,577 | 7,581,495 | ||||||||||||
Remaining Industries | — | 628,855,681 | — | 628,855,681 | ||||||||||||
Less Unfunded Commitments | — | (540,109 | ) | — | (540,109 | ) | ||||||||||
Foreign Government Obligations | — | 355,444,281 | — | 355,444,281 | ||||||||||||
Government Sponsored Enterprises Collateralized Mortgage Obligation | — | 73,753,369 | — | 73,753,369 | ||||||||||||
High Yield Corporate Bonds | ||||||||||||||||
Air Transportation | — | 192,674,991 | 7,404,348 | 200,079,339 | ||||||||||||
Automakers | — | 135,051,262 | 1,500 | 135,052,762 | ||||||||||||
Banking | — | 1,101,147,500 | 2,250 | 1,101,149,750 | ||||||||||||
Metals/Mining (Excluding Steel) | — | 146,039,656 | 18 | 146,039,674 | ||||||||||||
Telecommunications: Wireline Integrated & Services | — | 334,134,359 | 1,500 | 334,135,859 | ||||||||||||
Remaining Industries | — | 8,190,200,815 | — | 8,190,200,815 | ||||||||||||
Municipal Bonds | ||||||||||||||||
General Obligation | — | 199,425,329 | 6,595,712 | 206,021,041 | ||||||||||||
Tax Revenue | — | 46,875,269 | 14,054,740 | 60,930,009 | ||||||||||||
Remaining Industries | — | 384,083,551 | — | 384,083,551 | ||||||||||||
Non-Agency Commercial Mortgage-Backed Securities | — | 257,189,600 | 95,385,260 | 352,574,860 | ||||||||||||
Preferred Stocks | — | — | 194,700 | 194,700 | ||||||||||||
Warrant | — | — | 1,651 | 1,651 | ||||||||||||
Short-Term Investments | ||||||||||||||||
High Yield Corporate Bonds | — | 64,650,447 | — | 64,650,447 | ||||||||||||
Commercial Paper | — | 33,722,247 | — | 33,722,247 | ||||||||||||
Repurchase Agreement | — | 402,838,802 | — | 402,838,802 | ||||||||||||
Total | $ | 925,377,161 | $ | 13,324,117,104 | $ | 294,636,538 | $ | 14,544,130,803 | ||||||||
Other Financial Instruments | ||||||||||||||||
Centrally Cleared Credit Default Swap Contracts | ||||||||||||||||
Assets | $ | — | $ | 47,822,909 | $ | — | $ | 47,822,909 | ||||||||
Liabilities | — | (8,353,642 | ) | — | (8,353,642 | ) | ||||||||||
Credit Default Swap Contracts | ||||||||||||||||
Assets | — | — | — | — | ||||||||||||
Liabilities | — | (98,353,865 | ) | — | (98,353,865 | ) | ||||||||||
Forward Foreign Currency Exchange Contracts | ||||||||||||||||
Assets | — | 6,610,817 | — | 6,610,817 | ||||||||||||
Liabilities | — | — | — | — | ||||||||||||
Futures Contracts | ||||||||||||||||
Assets | 55,444,394 | — | — | 55,444,394 | ||||||||||||
Liabilities | (137,653,810 | ) | — | — | (137,653,810 | ) | ||||||||||
Total | $ | (82,209,416 | ) | $ | (52,273,781 | ) | $ | — | $ | (134,483,197 | ) |
(1) | Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs. |
(2) | See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. The table above is presented by Investment Type. Industries are presented within an Investment Type should such Investment Type include securities classified as two or more levels within the three-tier fair value hierarchy. Each level 3 security is identified on the Schedule of Investments along with the valuation technique utilized. |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(concluded)
LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020
The following is a reconciliation of investments with unobservable inputs (Level 3) that were used in determining fair value:
Investment Type | Asset-Backed Securities | Common Stocks | Floating Rate Loans | High Yield Corporate Bonds | Non-Agency Commercial Mortgage- Backed Securities | Preferred Stock | Warrants | Municipals Bonds | ||||||||||||||||||||||||
Balance as of January 1, 2020 | $ | 10,441,539 | $ | 14,526,216 | $ | 104,178,425 | $ | 5,269 | $ | 53,842,824 | $ | — | $ | 1,651 | $ | — | ||||||||||||||||
Accrued Discounts (Premiums) | 6,146 | — | 87,724 | 847 | 318 | — | — | (18,081 | ) | |||||||||||||||||||||||
Realized Gain (Loss) | 584 | — | (565,586 | ) | 1,069 | — | — | — | — | |||||||||||||||||||||||
Change in Unrealized Appreciation (Depreciation) | (12,737,974 | ) | (607,057 | ) | (61,758,935 | ) | (1,310,910 | ) | (10,543,746 | ) | — | — | (519,539 | ) | ||||||||||||||||||
Purchases | 9,348,354 | — | 57,368,514 | — | — | 194,700 | — | — | ||||||||||||||||||||||||
Sales | (7,380,239 | ) | — | (18,010,539 | ) | (152,517 | ) | — | — | — | — | |||||||||||||||||||||
Transfers into Level 3 | 95,967,004 | 6,070,570 | — | 8,865,858 | 52,085,864 | — | — | 21,188,072 | ||||||||||||||||||||||||
Transfers out of Level 3 | (10,441,539 | ) | — | (15,498,348 | ) | — | — | — | — | — | ||||||||||||||||||||||
Balance as of March 31, 2020 | $ | 85,203,875 | $ | 19,989,729 | $ | 65,801,255 | $ | 7,409,616 | $ | 95,385,260 | $ | 194,700 | $ | 1,651 | $ | 20,650,452 | ||||||||||||||||
Change in unrealized appreciation/depreciation for the period ended March 31, 2020, related to Level 3 investments held at March 31, 2020 | $ | (12,737,974 | ) | $ | (607,057 | ) | $ | (8,790,007 | ) | $ | (1,310,910 | ) | $ | (10,543,746 | ) | $ | — | $ | — | $ | (519,539 | ) |
See Notes to Schedule of Investments.
1. ORGANIZATION
Lord Abbett Bond-Debenture Fund, Inc. (the “Fund”) is registered under the Investment Company Act of 1940, as amended (the “Act”), as a diversified, open-end management investment company. The Fund was incorporated under Maryland law on January 23, 1976.
2. SIGNIFICANT ACCOUNTING POLICIES
(a) | Investment Valuation-Under procedures approved by the Fund’s Board of Directors (the “Board”), Lord, Abbett & Co. LLC (“Lord Abbett”), the Fund’s investment manager, has formed a Pricing Committee to administer the pricing and valuation of portfolio investments and to ensure that prices utilized reasonably reflect fair value. Among other things, these procedures allow the Fund to utilize independent pricing services, quotations from securities and financial instrument dealers and other market sources to determine fair value. |
Securities actively traded on any recognized U.S. or non-U.S. exchange or on The NASDAQ Stock Market LLC are valued at the last sale price or official closing price on the exchange or system on which they are principally traded. Events occurring after the close of trading on non-U.S. exchanges may result in adjustments to the valuation of foreign securities to reflect their fair value as of the close of regular trading on the New York Stock Exchange. The Fund may utilize an independent fair valuation service in adjusting the valuations of foreign securities. Unlisted equity securities are valued at the last quoted sale price or, if no sale price is available, at the mean between the most recently quoted bid and asked prices. Fixed income securities are valued based on evaluated prices supplied by independent pricing services, which reflect broker/dealer supplied valuations and the independent pricing services’ own electronic data processing techniques.Exchange traded options and futures contracts are valued at the last quoted sale price in the market where they are principally traded. If no sale has occurred, the mean between the most recently quoted bid and asked prices is used.Floating rate loans are valued at the average of bid and ask quotations obtained from dealers in loans on the basis of prices supplied by independent pricing services. Forward foreign currency exchange contracts are valued using daily forward exchange rates. Swaps are valued daily using independent pricing services or quotations from broker/dealers to the extent available. | |
Securities for which prices are not readily available are valued at fair value as determined by the Pricing Committee. The Pricing Committee considers a number of factors, including observable and unobservable inputs, when arriving at fair value. The Pricing Committee may use related or comparable assets or liabilities, recent transactions, market multiples, book values, yield curves, broker quotes, observable trading activity, option adjusted spread models and other relevant information to determine the fair value of portfolio investments. The Board or a designated committee thereof regularly reviews fair value determinations made by the Pricing Committee and may employ techniques such as reviewing related market activity, reviewing inputs and assumptions, and retrospectively comparing prices of subsequent purchases and sales transactions to fair value determinations made by the Pricing Committee. | |
Short-term securities with 60 days or less remaining to maturity are valued using the amortized cost method, which approximates fair value. | |
(b) | Fair Value Measurements-Fair value is defined as the price that the Fund would receive upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market of the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk - for example, the risk inherent in a particular valuation technique used to measure fair value (such as a pricing model) and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The three-tier hierarchy classification is determined based on the lowest level of inputs that is significant to the fair value measurement, and is summarized in the three broad Levels listed below: |
· | Level 1- unadjusted quoted prices in active markets for identical investments; | |
· | Level 2- other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.); and | |
· | Level 3- significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments). |
A summary of inputs used in valuing the Fund’s investments and other financial instruments as of March 31, 2020 and, if applicable, Level 3 rollforwards for the period then ended is included in the Fund’s Schedule of Investments.
Changes in valuation techniques may result in transfers into or out of an assigned level within the three-tier hierarchy. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
3. FEDERAL TAX INFORMATION
It is the policy of the Fund to meet the requirements of Subchapter M of the Internal Revenue Code applicable to regulated investment companies and to distribute substantially all taxable income and capital gains to its shareholders. Therefore, no income tax provision is required.
The Fund files U.S. federal and various state and local tax returns. No income tax returns are currently under examination. The statute of limitations on the Fund’s filed U.S. federal tax returns remains open generally three years after the filing of the tax return. The statutes of limitations on the Fund’s, state and local tax returns may remain open for an additional year depending upon the jurisdiction.