Schedule of Investments (unaudited)
LORD ABBETT BOND-DEBENTURE FUND, INC. September 30, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | ||||||||||
LONG-TERM INVESTMENTS 98.15% | ||||||||||||||
ASSET-BACKED SECURITIES 3.82% | ||||||||||||||
Automobiles 0.12% | ||||||||||||||
ACC Trust 2018-1 C† | 6.81 | % | 2/21/2023 | $ | 4,557 | $ | 4,588,857 | |||||||
Mercedes-Benz Auto Lease Trust 2018-B A3 | 3.21 | % | 9/15/2021 | 2,464 | 2,477,533 | |||||||||
Mercedes-Benz Auto Lease Trust 2019-A A3 | 3.10 | % | 11/15/2021 | 7,942 | 8,000,189 | |||||||||
TCF Auto Receivables Owner Trust 2016-1A B† | 2.32 | % | 6/15/2022 | 6,884 | 6,888,670 | |||||||||
Total | 21,955,249 | |||||||||||||
Credit Cards 0.09% | ||||||||||||||
Perimeter Master Note Business Trust 2019-2A A† | 4.23 | % | 5/15/2024 | 16,717 | 17,060,434 | |||||||||
Other 3.61% | ||||||||||||||
AMMC CLO XII Ltd. 2013-12A DR† | 2.943%(3 Mo. LIBOR + 2.70 | %)# | 11/10/2030 | 3,859 | 3,384,153 | (a) | ||||||||
AMMC CLO XIII Ltd. 2013-13A A2LR† | 1.964%(3 Mo. LIBOR + 1.70 | %)# | 7/24/2029 | 3,440 | 3,400,570 | |||||||||
Apex Credit CLO LLC 2017-2A B† | 2.077%(3 Mo. LIBOR + 1.85 | %)# | 9/20/2029 | 7,197 | 7,032,471 | |||||||||
Apex Credit CLO Ltd. 2016-1A AS1R† | 1.545%(3 Mo. LIBOR + 1.30 | %)# | 10/27/2028 | 4,921 | 4,901,066 | |||||||||
Apidos CLO XXIII 2015-23A AR† | 2.821%(3 Mo. LIBOR + 1.22 | %)# | 4/15/2033 | 4,000 | 3,979,164 | |||||||||
Bain Capital Credit CLO Ltd. 2017-2A BR† | 2.045%(3 Mo. LIBOR + 1.80 | %)# | 7/25/2030 | 7,000 | 7,000,064 | |||||||||
Battalion CLO VII Ltd. 2014-7A CRR† | 3.203%(3 Mo. LIBOR + 2.93 | %)# | 7/17/2028 | 1,831 | 1,746,263 | |||||||||
Battalion CLO XV Ltd. 2019-16A B† | 2.272%(3 Mo. LIBOR + 2.00 | %)# | 12/19/2032 | 23,286 | 23,294,174 | |||||||||
Benefit Street Partners CLO XIX Ltd. 2019-19A B† | 2.275%(3 Mo. LIBOR + 2.00 | %)# | 1/15/2033 | 7,922 | 7,927,572 | |||||||||
Carlyle US CLO Ltd. 2019-4A B† | 2.975%(3 Mo. LIBOR + 2.70 | %)# | 1/15/2033 | 15,609 | 15,632,689 | |||||||||
Cedar Funding VI CLO Ltd. 2016-6A BR† | 1.872%(3 Mo. LIBOR + 1.60 | %)# | 10/20/2028 | 2,600 | 2,576,766 | |||||||||
Cedar Funding VI CLO Ltd. 2016-6A DR† | 3.272%(3 Mo. LIBOR + 3.00 | %)# | 10/20/2028 | 7,699 | 7,331,016 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. September 30, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | ||||||||||
Other (continued) | ||||||||||||||
CIFC Funding Ltd. 2013-2A A2LR† | 1.872%(3 Mo. LIBOR + 1.60 | %)# | 10/18/2030 | $ | 11,000 | $ | 10,941,184 | |||||||
Conn’s Receivables Funding LLC 2017-B C† | 5.95 | % | 11/15/2022 | 2,267 | 2,268,573 | |||||||||
Elmwood CLO I Ltd. 2019-1A A† | 1.622%(3 Mo. LIBOR + 1.35 | %)# | 4/20/2030 | 43,514 | 43,513,266 | |||||||||
Galaxy XXI CLO Ltd. 2015-21A AR† | 1.292%(3 Mo. LIBOR + 1.02 | %)# | 4/20/2031 | 5,311 | 5,237,974 | |||||||||
Greywolf CLO III Ltd. 2020-3RA A1R† | 1.548%(3 Mo. LIBOR + 1.29 | %)# | 4/15/2033 | 20,101 | 19,935,343 | |||||||||
Greywolf CLO VII Ltd. 2018-2A A1† | 1.452%(3 Mo. LIBOR + 1.18 | %)# | 10/20/2031 | 10,000 | 9,939,289 | |||||||||
Halcyon Loan Advisors Funding Ltd. 2015-2A CR† | 2.395%(3 Mo. LIBOR + 2.15 | %)# | 7/25/2027 | 5,476 | 5,380,937 | |||||||||
Halcyon Loan Advisors Funding Ltd. 2017-2A A2† | 1.973%(3 Mo. LIBOR + 1.70 | %)# | 1/17/2030 | 9,320 | 9,222,099 | |||||||||
Harbor Park CLO Ltd. 2018-1A D† | 3.172%(3 Mo. LIBOR + 2.90 | %)# | 1/20/2031 | 4,560 | 4,391,146 | |||||||||
Hardee’s Funding LLC 2018-1A A23† | 5.71 | % | 6/20/2048 | 2,742 | 2,890,882 | |||||||||
Hardee’s Funding LLC 2018-1A A2II† | 4.959 | % | 6/20/2048 | 37,516 | 38,934,760 | |||||||||
Jamestown CLO VII Ltd. 2015-7A BR† | 1.895%(3 Mo. LIBOR + 1.65 | %)# | 7/25/2027 | 12,548 | 12,113,347 | |||||||||
Kayne CLO 5 Ltd. 2019-5A A† | 1.614%(3 Mo. LIBOR + 1.35 | %)# | 7/24/2032 | 38,000 | 37,952,587 | |||||||||
Kayne CLO 7 Ltd. 2020-7A A1† | 2.607%(3 Mo. LIBOR + 1.20 | %)# | 4/17/2033 | 47,944 | 47,536,534 | |||||||||
KKR CLO 9 Ltd. 9 B1R† | 2.025%(3 Mo. LIBOR + 1.75 | %)# | 7/15/2030 | 6,340 | 6,263,178 | |||||||||
KVK CLO Ltd. 2013-A BR† | 1.718%(3 Mo. LIBOR + 1.45 | %)# | 1/14/2028 | 3,567 | 3,527,634 | |||||||||
Marble Point CLO XVII Ltd. 2020-1A A† | 1.572%(3 Mo. LIBOR + 1.30 | %)# | 4/20/2033 | 29,415 | 29,062,489 | |||||||||
Marble Point CLO XVII Ltd. 2020-1A B† | 2.042%(3 Mo. LIBOR + 1.77 | %)# | 4/20/2033 | 9,348 | 9,280,868 | |||||||||
Mariner CLO Ltd. 2017-4A D† | 3.295%(3 Mo. LIBOR + 3.05 | %)# | 10/26/2029 | 6,254 | 6,036,623 | |||||||||
Mountain View CLO 2017-1A BR† | 2.021%(3 Mo. LIBOR + 1.75 | %)# | 10/16/2029 | 11,046 | 10,950,032 | |||||||||
Mountain View CLO X Ltd. 2015-10A BR† | 1.616%(3 Mo. LIBOR + 1.35 | %)# | 10/13/2027 | 13,725 | 13,452,546 | |||||||||
Neuberger Berman Loan Advisers CLO Ltd. 2019-35A A1† | 1.612%(3 Mo. LIBOR + 1.34 | %)# | 1/19/2033 | 12,300 | 12,236,783 | |||||||||
Northwoods Capital 20 Ltd. 2019-20A C† | 3.045%(3 Mo. LIBOR + 2.80 | %)# | 1/25/2030 | 14,954 | 14,975,344 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. September 30, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | ||||||||||
Other (continued) | ||||||||||||||
Octagon Investment Partners 29 Ltd. 2016-1A AR† | 1.444%(3 Mo. LIBOR + 1.18 | %)# | 1/24/2033 | $ | 15,000 | $ | 14,837,552 | |||||||
Octagon Investment Partners 48 Ltd. 2020-3A A† | Zero Coupon | # | 10/20/2031 | 35,000 | 34,903,515 | |||||||||
Octagon Investment Partners XI 2012 1A A2R† | 2.175%(3 Mo. LIBOR + 1.90 | %)# | 7/15/2029 | 6,105 | 6,120,009 | |||||||||
OZLM Funding III Ltd. 2013-3A A2AR† | 2.208%(3 Mo. LIBOR + 1.95 | %)# | 1/22/2029 | 15,000 | 15,021,303 | |||||||||
Palmer Square Loan Funding Ltd. 2018-1A A2† | 1.325%(3 Mo. LIBOR + 1.05 | %)# | 4/15/2026 | 9,660 | 9,542,062 | |||||||||
Palmer Square Loan Funding Ltd. 2018-1A B† | 1.675%(3 Mo. LIBOR + 1.40 | %)# | 4/15/2026 | 5,069 | 4,987,193 | |||||||||
Parallel Ltd. 2017-1A A1R† | 1.302%(3 Mo. LIBOR + 1.03 | %)# | 7/20/2029 | 5,000 | 4,962,836 | |||||||||
Planet Fitness Master Issuer LLC 2018-1A A2I† | 4.262 | % | 9/5/2048 | 17,678 | 17,769,479 | |||||||||
Planet Fitness Master Issuer LLC 2018-1A A2II† | 4.666 | % | 9/5/2048 | 22,098 | 22,203,962 | |||||||||
Planet Fitness Master Issuer LLC 2019-1A A2† | 3.858 | % | 12/5/2049 | 14,123 | 13,303,039 | |||||||||
Regatta VI Funding Ltd. 2016-1A DR† | 2.972%(3 Mo. LIBOR + 2.70 | %)# | 7/20/2028 | 2,216 | 2,128,815 | |||||||||
Regatta XVI Funding Ltd. 2019-2A B† | 2.325%(3 Mo. LIBOR + 2.05 | %)# | 1/15/2033 | 31,200 | 31,250,553 | |||||||||
Sound Point CLO XI Ltd. 2016-1A DR† | 3.222%(3 Mo. LIBOR + 2.95 | %)# | 7/20/2028 | 6,840 | 6,440,753 | (a) | ||||||||
THL Credit Wind River CLO Ltd. 2017-1A B† | 1.972%(3 Mo. LIBOR + 1.70 | %)# | 4/18/2029 | 9,200 | 9,106,716 | |||||||||
THL Credit Wind River CLO Ltd. 2018-3A D† | 3.222%(3 Mo. LIBOR + 2.95 | %)# | 1/20/2031 | 1,264 | 1,178,702 | |||||||||
West CLO Ltd. 2014-2A BR† | 2.021%(3 Mo. LIBOR + 1.75 | %)# | 1/16/2027 | 4,541 | 4,477,727 | |||||||||
Wingstop Funding LLC 2018-1 A2† | 4.97 | % | 12/5/2048 | 19,550 | 20,147,179 | |||||||||
Total | 662,630,781 | |||||||||||||
Total Asset-Backed Securities (cost $703,504,930) | 701,646,464 | |||||||||||||
Shares (000) | ||||||||||||||
COMMON STOCKS 7.96% | ||||||||||||||
Advertising 0.11% | ||||||||||||||
Snap, Inc. Class A* | 778 | 20,306,765 | ||||||||||||
Auto Parts & Equipment 0.02% | ||||||||||||||
Chassix Holdings, Inc. | 607 | 4,552,927 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. September 30, 2020
Investments | Shares (000) | Fair Value | ||||||||||||
Beverages 0.49% | ||||||||||||||
Boston Beer Co., Inc. (The) Class A* | 82 | $ | 72,551,240 | |||||||||||
Brown-Forman Corp. Class B | 236 | 17,750,665 | ||||||||||||
Total | 90,301,905 | |||||||||||||
Building & Construction 0.22% | ||||||||||||||
DR Horton, Inc. | 273 | 20,612,730 | ||||||||||||
NVR, Inc.* | 5 | 19,745,968 | ||||||||||||
Total | 40,358,698 | |||||||||||||
Building Materials 0.35% | ||||||||||||||
Sherwin-Williams Co. (The) | 53 | 36,929,310 | ||||||||||||
Trex Co., Inc.* | 374 | 26,799,880 | ||||||||||||
Total | 63,729,190 | |||||||||||||
Chemicals 0.27% | ||||||||||||||
Air Products & Chemicals, Inc. | 65 | 19,229,842 | ||||||||||||
Scotts Miracle-Gro Co. (The) | 200 | 30,620,380 | ||||||||||||
Total | 49,850,222 | |||||||||||||
Discount Stores 0.10% | ||||||||||||||
Amazon.com, Inc.* | 6 | 18,804,216 | ||||||||||||
Diversified Capital Goods 0.48% | ||||||||||||||
Enphase Energy, Inc.* | 830 | 68,553,004 | ||||||||||||
Trane Technologies plc (Ireland)(b) | 162 | 19,611,096 | ||||||||||||
Total | 88,164,100 | |||||||||||||
Electronics 0.12% | ||||||||||||||
Roku, Inc.* | 117 | 22,066,755 | ||||||||||||
Energy: Exploration & Production 0.00% | ||||||||||||||
Templar Energy LLC Class A Units | 417 | 16,673 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. September 30, 2020
Investments | Shares (000) | Fair Value | ||||||||||||
Food: Wholesale 0.15% | ||||||||||||||
McCormick & Co., Inc. | 143 | $ | 27,710,492 | |||||||||||
Gaming 0.43% | ||||||||||||||
Penn National Gaming, Inc.*(c) | 1,084 | 78,791,242 | ||||||||||||
Machinery 0.33% | ||||||||||||||
Generac Holdings, Inc.* | 210 | 40,726,365 | ||||||||||||
Roper Technologies, Inc. | 52 | 20,603,406 | ||||||||||||
Total | 61,329,771 | |||||||||||||
Managed Care 0.13% | ||||||||||||||
BioNTech SE ADR*(c) | 334 | 23,156,466 | ||||||||||||
Media: Content 0.23% | ||||||||||||||
ION Media Networks, Inc. | 4 | 3,716,975 | (d) | |||||||||||
Netflix, Inc.* | 77 | 38,279,797 | ||||||||||||
Total | 41,996,772 | |||||||||||||
Medical Products 0.26% | ||||||||||||||
Align Technology, Inc.* | 85 | 27,844,259 | ||||||||||||
Intuitive Surgical, Inc.* | 27 | 19,466,230 | ||||||||||||
Total | 47,310,489 | |||||||||||||
Metals/Mining (Excluding Steel) 0.24% | ||||||||||||||
Freeport-McMoRan, Inc. | 1,512 | 23,648,744 | ||||||||||||
Pan American Silver Corp. (Canada)(b) | 614 | 19,744,472 | ||||||||||||
Total | 43,393,216 | |||||||||||||
Personal & Household Products 0.29% | ||||||||||||||
Clorox Co. (The) | 87 | 18,366,546 | ||||||||||||
Gibson Brands, Inc. | 107 | 12,560,985 | (a) | |||||||||||
Pool Corp. | 63 | 21,155,306 | ||||||||||||
Remington Outdoor Co., Inc. | 164 | 45,031 | ||||||||||||
Revlon, Inc. Class A | 1,798 | 427,126 | ||||||||||||
Total | 52,554,994 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. September 30, 2020
Investments | Shares (000) | Fair Value | ||||||||||||
Pharmaceuticals 0.52% | ||||||||||||||
Acceleron Pharma, Inc.* | 438 | $ | 49,304,457 | |||||||||||
Arena Pharmaceuticals, Inc.* | 244 | 18,265,363 | ||||||||||||
Mirati Therapeutics, Inc.* | 166 | 27,523,120 | ||||||||||||
Total | 95,092,940 | |||||||||||||
Rail 0.20% | ||||||||||||||
Kansas City Southern | 102 | 18,516,811 | ||||||||||||
Norfolk Southern Corp. | 89 | 19,140,764 | ||||||||||||
Total | 37,657,575 | |||||||||||||
Real Estate Development & Management 0.10% | ||||||||||||||
CoStar Group, Inc.* | 22 | 18,670,614 | ||||||||||||
Recreation & Travel 0.15% | ||||||||||||||
Vail Resorts, Inc. | 130 | 27,855,470 | ||||||||||||
Restaurants 0.70% | ||||||||||||||
Chipotle Mexican Grill, Inc.* | 22 | 27,707,371 | ||||||||||||
Domino’s Pizza, Inc. | 44 | 18,802,054 | ||||||||||||
Shake Shack, Inc. Class A*(c) | 1,276 | 82,272,418 | ||||||||||||
Total | 128,781,843 | |||||||||||||
Software/Services 1.27% | ||||||||||||||
Coupa Software, Inc.* | 68 | 18,572,355 | ||||||||||||
Five9, Inc.* | 222 | 28,758,745 | ||||||||||||
Okta, Inc.* | 128 | 27,423,910 | ||||||||||||
Pinterest, Inc. Class A* | 1,384 | 57,454,780 | ||||||||||||
Spotify Technology SA (Sweden)*(b) | 118 | 28,599,731 | ||||||||||||
Square, Inc. Class A* | 117 | 19,049,560 | ||||||||||||
Stamps.com, Inc.* | 101 | 24,426,788 | ||||||||||||
Veeva Systems, Inc. Class A* | 101 | 28,456,990 | ||||||||||||
Total | 232,742,859 | |||||||||||||
Specialty Retail 0.46% | ||||||||||||||
Carvana Co.* | 87 | 19,346,440 | ||||||||||||
Claires Holdings LLC | 15 | 6,331,126 | ||||||||||||
Lululemon Athletica, Inc. (Canada)*(b) | 117 | 38,610,728 | ||||||||||||
SiteOne Landscape Supply, Inc.* | 173 | 21,117,959 | ||||||||||||
Total | 85,406,253 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. September 30, 2020
Investments | Shares (000) | Fair Value | ||||||||||||
Technology Hardware & Equipment 0.11% | ||||||||||||||
NVIDIA Corp. | 36 | $ | 19,426,551 | |||||||||||
Transportation: Infrastructure/Services 0.01% | ||||||||||||||
ACBL Holdings Corp. | 45 | 1,807,104 | ||||||||||||
Trucking & Delivery 0.22% | ||||||||||||||
AMERCO | 51 | 18,154,980 | ||||||||||||
FedEx Corp. | 86 | 21,549,228 | ||||||||||||
Total | 39,704,208 | |||||||||||||
Total Common Stocks (cost $1,298,196,843) | 1,461,540,310 | |||||||||||||
Interest Rate | Maturity Date | Principal Amount (000) | ||||||||||||
CONVERTIBLE BOND 0.34% | ||||||||||||||
Automakers | ||||||||||||||
Tesla, Inc. (cost $33,265,805) | 2.00 | % | 5/15/2024 | $ | 9,068 | 62,705,047 | ||||||||
FLOATING RATE LOANS(e) 4.87% | ||||||||||||||
Aerospace/Defense 0.05% | ||||||||||||||
Alloy Finco Limited 2020 USD Term Loan B2 (Jersey)(b) | 8.50%(3 Mo. LIBOR + 6.50 | %) | 3/6/2024 | 8,103 | 6,927,868 | |||||||||
Alloy Finco Limited USD Holdco PIK Term Loan PIK 13.50% (Jersey)(b) | 0.50 | % | 3/6/2025 | 8,632 | 2,704,625 | |||||||||
Total | 9,632,493 | |||||||||||||
Air Transportation 0.09% | ||||||||||||||
JetBlue Airways Corporation Term Loan | 6.25%(3 Mo. LIBOR + 5.25 | %) | 6/17/2024 | 17,320 | 17,222,546 | |||||||||
Cable & Satellite Television 0.14% | ||||||||||||||
Cablevision Lightpath LLC Term Loan B | — | (f) | 9/15/2027 | 9,775 | 9,734,726 | |||||||||
Charter Communications Operating, LLC 2019 Term Loan B2 | 1.90%(1 Mo. LIBOR + 1.75 | %) | 2/1/2027 | 16,828 | 16,474,421 | |||||||||
Total | 26,209,147 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. September 30, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | ||||||||||
Chemicals 0.23% | ||||||||||||||
Illuminate Buyer, LLC Term Loan | 4.22% (3 Mo. LIBOR + 4.00 | %)(f) | 6/16/2027 | $ | 17,530 | $ | 17,422,252 | |||||||
Starfruit Finco B.V 2018 USD Term Loan B (Netherlands)(b) | 3.151%(1 Mo. LIBOR + 3.00 | %) | 10/1/2025 | 24,928 | 24,216,204 | |||||||||
Total | 41,638,456 | |||||||||||||
Diversified Capital Goods 0.14% | ||||||||||||||
Granite Holdings US Acquisition Co. Term Loan B | 5.47%(3 Mo. LIBOR + 5.25 | %) | 9/30/2026 | 22,286 | 21,171,561 | |||||||||
UTEX Industries Inc. 1st Lien Term loan 2014(g) | — | (f) | 5/22/2021 | 13,346 | 4,187,338 | |||||||||
Total | 25,358,899 | |||||||||||||
Electric: Generation 0.23% | ||||||||||||||
Astoria Energy LLC Term Loan B | 5.00%(1 Mo. LIBOR + 4.00 | %) | 12/24/2021 | 16,330 | 16,288,993 | |||||||||
EFS Cogen Holdings I LLC 2020 Term Loan B | — | (f) | 10/1/2027 | 18,762 | 18,729,497 | |||||||||
Frontera Generation Holdings LLC 2018 Term Loan B | 5.25%(3 Mo. LIBOR + 4.25 | %) | 5/2/2025 | 18,436 | 6,397,414 | |||||||||
Total | 41,415,904 | |||||||||||||
Food: Wholesale 0.26% | ||||||||||||||
Froneri International Ltd. 2020 USD Term Loan (United Kingdom)(b) | 2.397% (1 Mo. LIBOR + 2.25 | %) | 1/31/2027 | 3,027 | 2,916,494 | |||||||||
JBS USA Lux S.A. 2019 Term Loan B (Luxembourg)(b) | 2.147% (1 Mo. LIBOR + 2.00 | %) | 5/1/2026 | 12,545 | 12,245,723 | |||||||||
United Natural Foods, Inc. Term Loan B | 4.397% (1 Mo. LIBOR + 4.25 | %) | 10/22/2025 | 33,542 | 32,806,091 | |||||||||
Total | 47,968,308 | |||||||||||||
Gaming 0.37% | ||||||||||||||
Mohegan Tribal Gaming Authority 2016 Term Loan B | 7.375% (3 Mo. LIBOR + 6.38 | %) | 10/13/2023 | 23,982 | 21,504,134 | |||||||||
Penn National Gaming, Inc. 2018 1st Lien Term Loan B | 3.00%(1 Mo. LIBOR + 2.25 | %) | 10/15/2025 | 16,205 | 15,799,697 | |||||||||
Playtika Holding Corp Term Loan B | 7.00%(6 Mo. LIBOR + 6.00 | %) | 12/10/2024 | 31,131 | 31,217,205 | |||||||||
Total | 68,521,036 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. September 30, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | ||||||||||
Gas Distribution 0.06% | ||||||||||||||
Buckeye Partners, L.P. 2019 Term Loan B | 2.897% (1 Mo. LIBOR + 2.75 | %) | 11/1/2026 | $ | 11,645 | $ | 11,450,648 | |||||||
Health Care 0.05% | ||||||||||||||
Global Medical Response, Inc. 2020 Term Loan B | — | (f) | 9/16/2025 | 9,190 | 9,000,493 | |||||||||
Health Facilities 0.10% | ||||||||||||||
WP CityMD Bidco LLC 2019 Term Loan B | 5.50%(3 Mo. LIBOR + 4.50 | %) | 8/13/2026 | 17,934 | 17,875,074 | |||||||||
Health Services 0.70% | ||||||||||||||
Da Vinci Purchaser Corp. 2019 Term Loan | 5.238% (3 Mo. LIBOR + 4.00 | %) | 1/8/2027 | 16,271 | 16,121,891 | |||||||||
Global Medical Response, Inc. 2018 Term Loan B1 | 4.25%(3 Mo. LIBOR + 3.25 | %) | 4/28/2022 | 17,866 | 17,848,796 | |||||||||
National Mentor Holdings, Inc. 2019 Term Loan B | 4.40%(1 Mo. LIBOR + 4.25 | %) | 3/9/2026 | 9,709 | 9,591,430 | |||||||||
National Mentor Holdings, Inc. 2019 Term Loan C | 4.40%(1 Mo. LIBOR + 4.25 | %) | 3/9/2026 | 443 | 437,816 | |||||||||
Parexel International Corporation Term Loan B | 2.897% (1 Mo. LIBOR + 2.75 | %) | 9/27/2024 | 17,523 | 16,855,079 | |||||||||
RegionalCare Hospital Partners Holdings, Inc. 2018 Term Loan B | 3.897% (1 Mo. LIBOR + 3.75 | %) | 11/17/2025 | 43,763 | 42,605,222 | |||||||||
U.S. Renal Care, Inc. 2019 Term Loan B | 5.147% (1 Mo. LIBOR + 5.00 | %) | 6/26/2026 | 25,081 | 24,506,940 | |||||||||
Total | 127,967,174 | |||||||||||||
Insurance Brokerage 0.09% | ||||||||||||||
Hub International Limited 2018 Term Loan B | 3.263% (3 Mo. LIBOR + 3.00 | %) | 4/25/2025 | 16,874 | 16,351,287 | |||||||||
Machinery 0.12% | ||||||||||||||
Vertical Midco GmbH USD Term Loan B | 4.57%(3 Mo. LIBOR + 4.25 | %)(f) | 7/30/2027 | 22,635 | 22,489,746 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. September 30, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | ||||||||||
Media: Content 0.09% | ||||||||||||||
Univision Communications Inc. 2020 Replacement Term Loan | 4.75%(1 Mo. LIBOR + 3.75 | %) | 3/13/2026 | $ | 7,898 | $ | 7,709,503 | |||||||
Univision Communications Inc. Term Loan C5 | 3.75%(1 Mo. LIBOR + 2.75 | %) | 3/15/2024 | 8,271 | 7,986,310 | |||||||||
Total | 15,695,813 | |||||||||||||
Personal & Household Products 0.18% | ||||||||||||||
FGI Operating Company, LLC Exit Term Loan | 12.00%(3 Mo. LIBOR + 10.00 | %) | 5/16/2022 | 1,066 | 234,524 | (h) | ||||||||
Revlon Consumer Products Corporation 2020 Term Loan B2 | 4.25%(3 Mo. LIBOR + 3.50 | %) | 6/30/2025 | 25,550 | 13,477,782 | |||||||||
TGP Holdings III, LLC 2018 1st Lien Term Loan | 5.25%(3 Mo. LIBOR + 4.25 | %) | 9/25/2024 | 19,435 | 18,967,393 | |||||||||
Total | 32,679,699 | |||||||||||||
Rail 0.12% | ||||||||||||||
Genesee & Wyoming Inc. (New) Term Loan | 2.22%(3 Mo. LIBOR + 2.00 | %) | 12/30/2026 | 23,294 | 22,973,354 | |||||||||
Recreation & Travel 0.19% | ||||||||||||||
Alterra Mountain Company Term Loan B1 | 2.897% (1 Mo. LIBOR + 2.75 | %) | 7/31/2024 | 18,953 | 18,352,513 | |||||||||
Delta 2 (LUX) S.a.r.l. 2018 USD Term Loan (Luxembourg)(b) | 3.50%(1 Mo. LIBOR + 2.50 | %) | 2/1/2024 | 16,211 | 15,791,988 | |||||||||
Total | 34,144,501 | |||||||||||||
Restaurants 0.23% | ||||||||||||||
IRB Holding Corp 2020 Term Loan B | 3.75%(6 Mo. LIBOR + 2.75 | %) | 2/5/2025 | 19,157 | 18,340,598 | |||||||||
Panera Bread Company Term Loan A | 2.438% (1 Mo. LIBOR + 2.25 | %) | 7/18/2022 | 25,400 | 24,066,068 | |||||||||
Total | 42,406,666 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. September 30, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | ||||||||||
Software/Services 0.62% | ||||||||||||||
Cornerstone OnDemand, Inc. Term Loan B | 4.406% (1 Mo. LIBOR + 4.25 | %) | 4/22/2027 | $ | 17,280 | $ | 17,272,424 | |||||||
LogMeIn, Inc. Term Loan B | 4.906% (3 Mo. LIBOR + 4.75 | %) | 8/14/2027 | 51,078 | 49,466,362 | |||||||||
Omnitracs, Inc. 2020 Incremental Term Loan | — | (f) | 3/23/2025 | 13,054 | 12,980,478 | |||||||||
Tibco Software Inc. 2020 Term Loan B | 3.896%(1 Mo. LIBOR + 3.75 | %) | 6/30/2026 | 17,742 | 17,365,145 | |||||||||
Ultimate Software Group Inc. (The) Term Loan B | 3.897% (1 Mo. LIBOR + 3.75 | %) | 5/4/2026 | 16,099 | 15,989,824 | |||||||||
Total | 113,074,233 | |||||||||||||
Specialty Retail 0.24% | ||||||||||||||
BJ’s Wholesale Club, Inc. 2017 1st Lien Term Loan | 2.151%(1 Mo. LIBOR + 2.00 | %) | 2/3/2024 | 21,813 | 21,473,564 | |||||||||
Claire’s Stores, Inc. 2019 Term Loan B | 6.647% (1 Mo. LIBOR + 6.50 | %) | 12/18/2026 | 11,705 | 9,227,132 | |||||||||
PetSmart, Inc. Consenting Term Loan | 4.50%(6 Mo. LIBOR + 3.50 | %) | 3/11/2022 | 13,643 | 13,632,855 | |||||||||
Total | 44,333,551 | |||||||||||||
Support: Services 0.43% | ||||||||||||||
DG Investment Intermediate Holdings 2, Inc. 2018 1st Lien Term Loan | 3.75%(1 Mo. LIBOR + 3.00 | %) | 2/3/2025 | 12,451 | 11,984,431 | |||||||||
Drive Chassis HoldCo, LLC 2019 2nd Lien Term Loan | 8.518% (3 Mo. LIBOR + 8.25 | %) | 4/10/2026 | 20,018 | 19,317,848 | (h) | ||||||||
NEP/NCP Holdco, Inc. 2018 1st Lien Term Loan | 3.397% (1 Mo. LIBOR + 3.25 | %) | 10/20/2025 | 29,247 | 25,335,028 | |||||||||
Pike Corporation 2020 Term Loan B | 3.15%(1 Mo. LIBOR + 3.00 | %) | 7/24/2026 | 10,192 | 10,138,511 | |||||||||
Trans Union, LLC 2019 Term Loan B5 | 1.897% - 1.90%(1 Mo. LIBOR + 1.75 | %) | 11/16/2026 | 12,698 | 12,403,186 | |||||||||
Total | 79,179,004 | |||||||||||||
Telecommunications: Wireless 0.14% | ||||||||||||||
Xplornet Communications, Inc. 2020 Term Loan B (Canada)(b) | 4.897% (1 Mo. LIBOR + 4.75 | %) | 6/10/2027 | 25,972 | 25,582,725 | |||||||||
Total Floating Rate Loans (cost $917,944,917) | 893,170,757 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. September 30, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | ||||||||||
FOREIGN GOVERNMENT OBLIGATIONS 2.78% | ||||||||||||||
Argentina 0.25% | ||||||||||||||
Ciudad Autonoma De Buenos Aires†(b) | 7.50 | % | 6/1/2027 | $ | 25,650 | $ | 18,404,132 | |||||||
Province of Santa Fe†(b) | 6.90 | % | 11/1/2027 | 24,260 | 15,769,243 | |||||||||
Provincia de Mendoza†(b) | 8.375 | % | 5/19/2024 | 18,344 | 12,107,223 | |||||||||
Total | 46,280,598 | |||||||||||||
Australia 0.16% | ||||||||||||||
Australian Government(i) | 4.25 | % | 4/21/2026 | AUD | 33,642 | 29,207,013 | ||||||||
Bermuda 0.15% | ||||||||||||||
Bermuda Government International Bond† | 2.375 | % | 8/20/2030 | $ | 14,545 | 14,744,993 | ||||||||
Bermuda Government International Bond† | 3.375 | % | 8/20/2050 | 12,887 | 13,289,719 | |||||||||
Total | 28,034,712 | |||||||||||||
Egypt 0.27% | ||||||||||||||
Arab Republic of Egypt†(b) | 5.577 | % | 2/21/2023 | 47,734 | 49,164,111 | |||||||||
Ghana 0.25% | ||||||||||||||
Republic of Ghana†(b) | 6.375 | % | 2/11/2027 | 50,000 | 45,186,800 | |||||||||
Honduras 0.10% | ||||||||||||||
Honduras Government†(b) | 5.625 | % | 6/24/2030 | 16,925 | 18,185,912 | |||||||||
Ivory Coast 0.14% | ||||||||||||||
Ivory Coast Government International Bond†(i) | 5.875 | % | 10/17/2031 | EUR | 24,313 | 25,886,661 | ||||||||
Kenya 0.46% | ||||||||||||||
Republic of Kenya†(b) | 7.25 | % | 2/28/2028 | $ | 57,576 | 56,898,043 | ||||||||
Republic of Kenya†(b) | 8.25 | % | 2/28/2048 | 27,972 | 26,927,805 | |||||||||
Total | 83,825,848 | |||||||||||||
Mongolia 0.24% | ||||||||||||||
Development Bank of Mongolia LLC†(b) | 7.25 | % | 10/23/2023 | 31,219 | 32,782,326 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. September 30, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | ||||||||||
Mongolia (continued) | ||||||||||||||
Mongolia Government International Bond†(b)(j) | 5.125 | % | 4/7/2026 | $ | 11,299 | $ | 11,383,743 | |||||||
Total | 44,166,069 | |||||||||||||
Nigeria 0.14% | ||||||||||||||
Republic of Nigeria†(b) | 6.50 | % | 11/28/2027 | 27,000 | 25,797,960 | |||||||||
Peru 0.05% | ||||||||||||||
Peruvian Government International Bond(b) | 2.392 | % | 1/23/2026 | 9,266 | 9,724,667 | |||||||||
Ukraine 0.28% | ||||||||||||||
Ukraine Government†(b) | 7.375 | % | 9/25/2032 | 54,815 | 51,647,515 | |||||||||
United Arab Emirates 0.29% | ||||||||||||||
Abu Dhabi Government International†(b) | 3.125 | % | 5/3/2026 | 47,836 | 52,679,873 | |||||||||
Total Foreign Government Obligations (cost $520,076,430) | 509,787,739 | |||||||||||||
HIGH YIELD CORPORATE BONDS 73.65% | ||||||||||||||
Advertising 0.10% | ||||||||||||||
Clear Channel Worldwide Holdings, Inc.† | 5.125 | % | 8/15/2027 | 9,046 | 8,697,729 | |||||||||
Clear Channel Worldwide Holdings, Inc. | 9.25 | % | 2/15/2024 | 9,474 | 9,208,775 | |||||||||
Total | 17,906,504 | |||||||||||||
Aerospace/Defense 1.10% | ||||||||||||||
Carrier Global Corp.† | 2.70 | % | 2/15/2031 | 25,447 | 26,562,631 | |||||||||
Huntington Ingalls Industries, Inc.† | 3.844 | % | 5/1/2025 | 10,309 | 11,337,029 | |||||||||
Leidos, Inc.† | 3.625 | % | 5/15/2025 | 18,230 | 20,276,773 | |||||||||
Raytheon Technologies Corp. | 4.125 | % | 11/16/2028 | 31,099 | 36,853,530 | |||||||||
Signature Aviation US Holdings, Inc.† | 4.00 | % | 3/1/2028 | 31,875 | 29,697,619 | |||||||||
Signature Aviation US Holdings, Inc.† | 5.375 | % | 5/1/2026 | 12,859 | 13,024,945 | |||||||||
TransDigm, Inc. | 5.50 | % | 11/15/2027 | 28,825 | 27,757,034 | |||||||||
TransDigm, Inc.† | 6.25 | % | 3/15/2026 | 15,911 | 16,703,447 | |||||||||
TransDigm, Inc. | 6.375 | % | 6/15/2026 | 19,375 | 19,496,094 | |||||||||
Total | 201,709,102 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. September 30, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | ||||||||||
Agency 0.18% | ||||||||||||||
Temasek Financial I Ltd. (Singapore)(b)(j) | 2.50 | % | 10/6/2070 | $ | 32,855 | $ | 32,336,845 | (a) | ||||||
Air Transportation 1.11% | ||||||||||||||
Alaska Airlines 2020-1 Class A Pass Through Trust† | 4.80 | % | 8/15/2027 | 18,047 | 18,964,656 | |||||||||
Azul Investments LLP† | 5.875 | % | 10/26/2024 | 38,566 | 29,002,018 | |||||||||
Delta Air Lines 2019-1 Class AA Pass Through Trust | 3.204 | % | 4/25/2024 | 22,520 | 22,497,241 | |||||||||
Delta Air Lines, Inc.† | 7.00 | % | 5/1/2025 | 44,594 | 49,023,733 | |||||||||
Delta Air Lines, Inc./SkyMiles IP Ltd.† | 4.50 | % | 10/20/2025 | 16,260 | 16,700,898 | |||||||||
Delta Air Lines, Inc./SkyMiles IP Ltd.† | 4.75 | % | 10/20/2028 | 16,468 | 17,109,971 | |||||||||
JetBlue 2019-1 Class A Pass Through Trust | 2.95 | % | 5/15/2028 | 13,303 | 11,787,895 | |||||||||
Mileage Plus Holdings LLC/Mileage Plus Intellectual Property Assets Ltd.† | 6.50 | % | 6/20/2027 | 36,232 | 37,817,150 | |||||||||
Total | 202,903,562 | |||||||||||||
Auto Loans 0.16% | ||||||||||||||
General Motors Financial Co., Inc. | 5.25 | % | 3/1/2026 | 24,966 | 28,114,179 | |||||||||
Mclaren Finance plc(i) | 5.00 | % | 8/1/2022 | GBP | 1,900 | 2,197,691 | ||||||||
Total | 30,311,870 | |||||||||||||
Auto Parts & Equipment 0.53% | ||||||||||||||
Adient US LLC† | 7.00 | % | 5/15/2026 | $ | 21,145 | 22,680,550 | ||||||||
Clarios Global LP/Clarios US Finance Co.† | 8.50 | % | 5/15/2027 | 25,080 | 26,061,882 | |||||||||
Lear Corp. | 3.80 | % | 9/15/2027 | 14,516 | 15,321,673 | |||||||||
Lear Corp. | 4.25 | % | 5/15/2029 | 17,051 | 18,455,698 | |||||||||
Magna International, Inc. (Canada)(b) | 2.45 | % | 6/15/2030 | 13,525 | 14,260,297 | |||||||||
Total | 96,780,100 | |||||||||||||
Automakers 2.25% | ||||||||||||||
Aston Martin Capital Holdings Ltd.(i) | 5.75 | % | 4/15/2022 | GBP | 14,541 | 16,813,308 | ||||||||
Aston Martin Capital Holdings Ltd. (Jersey)†(b) | 6.50 | % | 4/15/2022 | $ | 20,477 | 18,439,539 | ||||||||
BMW US Capital LLC† | 4.15 | % | 4/9/2030 | 32,668 | 38,701,149 | |||||||||
Ford Motor Co. | 9.00 | % | 4/22/2025 | 84,523 | 97,015,077 | |||||||||
Ford Motor Co. | 9.625 | % | 4/22/2030 | 22,491 | 29,077,602 | |||||||||
General Motors Co. | 6.125 | % | 10/1/2025 | 37,600 | 43,735,421 | |||||||||
General Motors Co. | 8.375 | % | 7/15/2049 | 15,000 | 1,500 | (d) | ||||||||
Mclaren Finance plc. (United Kingdom)†(b) | 5.75 | % | 8/1/2022 | 7,682 | 6,971,415 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. September 30, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | ||||||||||
Automakers (continued) | ||||||||||||||
Tesla, Inc.† | 5.30 | % | 8/15/2025 | $ | 111,041 | $ | 115,066,236 | |||||||
Volkswagen Group of America Finance LLC† | 3.35 | % | 5/13/2025 | 25,463 | 27,840,456 | |||||||||
Volkswagen Group of America Finance LLC† | 3.75 | % | 5/13/2030 | 17,706 | 19,960,689 | |||||||||
Total | 413,622,392 | |||||||||||||
Banking 5.08% | ||||||||||||||
ABN AMRO Bank NV (Netherlands)†(b) | 4.75 | % | 7/28/2025 | 31,461 | 35,523,406 | |||||||||
AIB Group plc (Ireland)†(b) | 4.263%(3 Mo. LIBOR + 1.87 | %)# | 4/10/2025 | 16,837 | 18,122,973 | |||||||||
AIB Group plc (Ireland)†(b) | 4.75 | % | 10/12/2023 | 21,394 | 23,279,540 | |||||||||
Australia & New Zealand Banking Group Ltd. (United Kingdom)†(b) | 6.75%(USD Swap + 5.17 | %)# | — | (k) | 19,074 | 21,837,346 | ||||||||
Banco Latinoamericano de Comercio Exterior SA (Panama)†(b) | 2.375 | % | 9/14/2025 | 21,476 | 21,798,140 | |||||||||
Banco Nacional de Panama (Panama)†(b) | 2.50 | % | 8/11/2030 | 17,938 | 17,772,073 | |||||||||
Bangkok Bank pcl (Hong Kong)†(b) | 5.00%(5 Yr Treasury CMT + 4.73 | %)# | — | (k) | 34,604 | 34,706,414 | ||||||||
Bank Leumi Le-Israel BM (Israel)†(b) | 3.275%(5 Yr Treasury CMT + 1.63 | %)# | 1/29/2031 | 17,475 | 17,603,441 | |||||||||
Bank of America Corp. | 4.45 | % | 3/3/2026 | 19,634 | 22,559,474 | |||||||||
Bank of Ireland Group plc (Ireland)†(b) | 4.50 | % | 11/25/2023 | 31,384 | 33,991,004 | |||||||||
BankUnited, Inc. | 4.875 | % | 11/17/2025 | 24,313 | 27,624,902 | |||||||||
BBVA USA | 3.875 | % | 4/10/2025 | 26,897 | 28,871,320 | |||||||||
BNP Paribas SA (France)†(b) | 4.50%(5 Yr Treasury CMT + 2.94 | %)# | — | (k) | 36,222 | 34,750,481 | ||||||||
CIT Bank NA | 2.969%(SOFR + 1.72 | %)# | 9/27/2025 | 16,827 | 16,726,963 | |||||||||
CIT Group, Inc. | 5.25 | % | 3/7/2025 | 6,988 | 7,406,407 | |||||||||
CIT Group, Inc. | 6.125 | % | 3/9/2028 | 49,745 | 56,886,392 | |||||||||
Citigroup, Inc. | 4.45 | % | 9/29/2027 | 13,296 | 15,419,856 | |||||||||
Credit Suisse Group AG (Switzerland)†(b) | 5.10%(5 Yr Treasury CMT + 3.29 | %)# | — | (k) | 28,486 | 27,524,597 | ||||||||
Fifth Third Bancorp | 8.25 | % | 3/1/2038 | 8,042 | 13,123,294 | |||||||||
Global Bank Corp. (Panama)†(b) | 5.25%(3 Mo. LIBOR + 3.30 | %)# | 4/16/2029 | 33,093 | 34,726,967 | |||||||||
Goldman Sachs Group, Inc. (The) | 3.50 | % | 11/16/2026 | 13,667 | 15,119,718 | |||||||||
Goldman Sachs Group, Inc. (The) | 4.25 | % | 10/21/2025 | 18,995 | 21,604,868 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. September 30, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | ||||||||||
Banking (continued) | ||||||||||||||
Home BancShares, Inc. | 5.625%(3 Mo. LIBOR + 3.58 | %)# | 4/15/2027 | $ | 19,481 | $ | 20,072,013 | |||||||
Huntington Bancshares, Inc. | 5.70%(3 Mo. LIBOR + 2.88 | %)# | — | (k) | 15,381 | 14,393,771 | ||||||||
ING Groep NV (Netherlands)(b) | 5.75%(5 Yr Treasury CMT + 4.34 | %)# | — | (k) | 43,461 | 45,181,404 | ||||||||
Intesa Sanpaolo SpA (Italy)†(b) | 5.71 | % | 1/15/2026 | 62,976 | 68,719,483 | |||||||||
JPMorgan Chase & Co. | 3.54%(3 Mo. LIBOR + 1.38 | %)# | 5/1/2028 | 11,994 | 13,456,371 | |||||||||
JPMorgan Chase & Co. | 3.90 | % | 7/15/2025 | 17,386 | 19,682,834 | |||||||||
JPMorgan Chase & Co. | 4.60%(SOFR + 3.13 | %)# | — | (k) | 6,965 | 6,834,406 | ||||||||
JPMorgan Chase & Co. | 6.10%(3 Mo. LIBOR + 3.33 | %)# | — | (k) | 12,752 | 13,417,696 | ||||||||
Kookmin Bank (South Korea)†(b) | 1.75 | % | 5/4/2025 | 22,600 | 23,352,609 | |||||||||
Macquarie Bank Ltd. (United Kingdom)†(b) | 6.125%(5 Yr Swap rate + 3.70 | %)# | — | (k) | 32,254 | 33,135,663 | ||||||||
Morgan Stanley | 3.125 | % | 7/27/2026 | 18,976 | 20,976,199 | |||||||||
Morgan Stanley | 3.625 | % | 1/20/2027 | 24,804 | 28,058,887 | |||||||||
Popular, Inc. | 6.125 | % | 9/14/2023 | 15,922 | 16,855,746 | |||||||||
SVB Financial Group | 3.125 | % | 6/5/2030 | 15,021 | 16,809,057 | |||||||||
US Bancorp | 3.00 | % | 7/30/2029 | 13,452 | 14,949,073 | |||||||||
Washington Mutual Bank(g) | 6.875 | % | 6/15/2011 | 22,500 | 2,250 | (d) | ||||||||
Webster Financial Corp. | 4.10 | % | 3/25/2029 | 27,684 | 30,200,433 | |||||||||
Total | 933,077,471 | |||||||||||||
Beverages 0.94% | ||||||||||||||
Bacardi Ltd.† | 2.75 | % | 7/15/2026 | 20,151 | 21,093,432 | |||||||||
Bacardi Ltd.† | 4.70 | % | 5/15/2028 | 32,381 | 37,658,927 | |||||||||
Becle SAB de CV (Mexico)†(b) | 3.75 | % | 5/13/2025 | 15,764 | 16,839,945 | |||||||||
Brown-Forman Corp. | 3.50 | % | 4/15/2025 | 8,956 | 9,979,739 | |||||||||
Brown-Forman Corp. | 4.50 | % | 7/15/2045 | 18,174 | 23,809,371 | |||||||||
PepsiCo, Inc. | 3.60 | % | 3/1/2024 | 14,292 | 15,684,960 | |||||||||
Suntory Holdings Ltd. (Japan)†(b) | 2.25 | % | 10/16/2024 | 44,835 | 46,921,300 | |||||||||
Total | 171,987,674 | |||||||||||||
Brokerage 0.14% | ||||||||||||||
Charles Schwab Corp. (The) | 5.375%(5 Yr Treasury CMT + 4.97 | %)# | — | (k) | 23,820 | 25,869,711 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. September 30, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | ||||||||||
Building & Construction 1.14% | ||||||||||||||
Beazer Homes USA, Inc. | 7.25 | % | 10/15/2029 | $ | 15,808 | $ | 16,964,434 | |||||||
Century Communities, Inc. | 5.875 | % | 7/15/2025 | 3,235 | 3,374,574 | |||||||||
Century Communities, Inc. | 6.75 | % | 6/1/2027 | 12,974 | 13,790,130 | |||||||||
D.R. Horton, Inc. | 2.60 | % | 10/15/2025 | 10,508 | 11,284,968 | |||||||||
ITR Concession Co. LLC† | 5.183 | % | 7/15/2035 | 7,658 | 8,876,596 | |||||||||
Lennar Corp. | 4.75 | % | 5/30/2025 | 8,420 | 9,211,375 | |||||||||
Lennar Corp. | 4.75 | % | 11/15/2022 | 15,303 | 15,987,427 | |||||||||
Lennar Corp. | 4.75 | % | 11/29/2027 | 7,613 | 8,701,659 | |||||||||
NVR, Inc. | 3.00 | % | 5/15/2030 | 51,660 | 55,858,930 | |||||||||
PulteGroup, Inc. | 6.375 | % | 5/15/2033 | 27,646 | 34,876,120 | |||||||||
Toll Brothers Finance Corp. | 4.875 | % | 3/15/2027 | 12,916 | 14,511,901 | |||||||||
Toll Brothers Finance Corp. | 5.625 | % | 1/15/2024 | 14,213 | 15,615,041 | |||||||||
Total | 209,053,155 | |||||||||||||
Building Materials 1.02% | ||||||||||||||
Allegion plc (Ireland)(b) | 3.50 | % | 10/1/2029 | 11,813 | 12,948,353 | |||||||||
Ferguson Finance plc (United Kingdom)†(b) | 3.25 | % | 6/2/2030 | 30,527 | 33,213,347 | |||||||||
Hillman Group, Inc. (The)† | 6.375 | % | 7/15/2022 | 16,692 | 16,375,102 | |||||||||
Lennox International, Inc. | 1.35 | % | 8/1/2025 | 14,477 | 14,602,431 | |||||||||
Lennox International, Inc. | 1.70 | % | 8/1/2027 | 18,081 | 18,085,514 | |||||||||
Masonite International Corp.† | 5.375 | % | 2/1/2028 | 15,053 | 16,105,054 | |||||||||
Owens Corning, Inc. | 4.30 | % | 7/15/2047 | 26,681 | 29,362,801 | |||||||||
Owens Corning, Inc. | 4.40 | % | 1/30/2048 | 15,778 | 17,621,406 | |||||||||
Vertical Holdco GmbH†(i) | 6.625 | % | 7/15/2028 | EUR | 10,503 | 12,869,612 | ||||||||
Vulcan Materials Co. | 4.50 | % | 6/15/2047 | $ | 14,595 | 16,978,121 | ||||||||
Total | 188,161,741 | |||||||||||||
Cable & Satellite Television 2.49% | ||||||||||||||
CCO Holdings LLC/CCO Holdings Capital Corp.† | 5.125 | % | 5/1/2027 | 83,655 | 88,135,144 | |||||||||
CCO Holdings LLC/CCO Holdings Capital Corp.† | 5.75 | % | 2/15/2026 | 61,221 | 63,746,366 | |||||||||
CSC Holdings LLC† | 5.50 | % | 4/15/2027 | 27,834 | 29,325,902 | |||||||||
CSC Holdings LLC† | 5.75 | % | 1/15/2030 | 23,298 | 24,788,257 | |||||||||
CSC Holdings LLC† | 6.50 | % | 2/1/2029 | 13,352 | 14,912,515 | |||||||||
DISH DBS Corp. | 7.75 | % | 7/1/2026 | 128,716 | 141,668,047 | |||||||||
LCPR Senior Secured Financing DAC (Ireland)†(b) | 6.75 | % | 10/15/2027 | 15,074 | 15,771,172 | |||||||||
Radiate Holdco LLC/Radiate Finance, Inc.† | 4.50 | % | 9/15/2026 | 10,439 | 10,475,954 | |||||||||
Radiate Holdco LLC/Radiate Finance, Inc.† | 6.50 | % | 9/15/2028 | 22,978 | 23,618,799 | |||||||||
VTR Finance NV (Chile)†(b) | 6.375 | % | 7/15/2028 | 4,506 | 4,736,933 | |||||||||
Ziggo BV (Netherlands)†(b) | 5.50 | % | 1/15/2027 | 37,690 | 39,549,813 | |||||||||
Total | 456,728,902 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. September 30, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | ||||||||||
Chemicals 0.57% | ||||||||||||||
CF Industries, Inc.† | 4.50 | % | 12/1/2026 | $ | 23,920 | $ | 27,825,726 | |||||||
CNAC HK Finbridge Co. Ltd. (Hong Kong)(b) | 4.125 | % | 7/19/2027 | 31,514 | 34,062,123 | |||||||||
FMC Corp. | 3.45 | % | 10/1/2029 | 13,468 | 15,122,175 | |||||||||
Yingde Gases Investment Ltd. (Hong Kong)†(b) | 6.25 | % | 1/19/2023 | 27,120 | 28,033,093 | |||||||||
Total | 105,043,117 | |||||||||||||
Consumer/Commercial/Lease Financing 0.71% | ||||||||||||||
Navient Corp. | 6.125 | % | 3/25/2024 | 31,847 | 32,264,673 | |||||||||
Navient Corp. | 6.75 | % | 6/25/2025 | 33,898 | 34,364,098 | |||||||||
Navient Corp. | 6.75 | % | 6/15/2026 | 9,624 | 9,642,045 | |||||||||
Quicken Loans LLC† | 5.25 | % | 1/15/2028 | 15,000 | 15,833,025 | |||||||||
Quicken Loans LLC/Quicken Loans Co-Issuer, Inc.† | 3.625 | % | 3/1/2029 | 14,004 | 13,907,723 | |||||||||
Quicken Loans LLC/Quicken Loans Co-Issuer, Inc.† | 3.875 | % | 3/1/2031 | 15,128 | 14,976,720 | |||||||||
USAA Capital Corp.† | 2.125 | % | 5/1/2030 | 9,025 | 9,514,195 | |||||||||
Total | 130,502,479 | |||||||||||||
Discount Stores 1.15% | ||||||||||||||
Amazon.com, Inc. | 3.15 | % | 8/22/2027 | 28,837 | 32,903,842 | |||||||||
Amazon.com, Inc. | 4.25 | % | 8/22/2057 | 20,632 | 28,210,628 | |||||||||
Amazon.com, Inc. | 4.80 | % | 12/5/2034 | 28,691 | 39,575,532 | |||||||||
Amazon.com, Inc. | 5.20 | % | 12/3/2025 | 53,869 | 65,638,096 | |||||||||
Costco Wholesale Corp. | 1.75 | % | 4/20/2032 | 22,489 | 23,124,572 | |||||||||
Dollar General Corp. | 3.50 | % | 4/3/2030 | 19,674 | 22,431,224 | |||||||||
Total | 211,883,894 | |||||||||||||
Diversified Capital Goods 0.71% | ||||||||||||||
BCD Acquisition, Inc.† | 9.625 | % | 9/15/2023 | 15,903 | 15,863,242 | |||||||||
Dover Corp. | 2.95 | % | 11/4/2029 | 17,664 | 19,380,457 | |||||||||
Leggett & Platt, Inc. | 4.40 | % | 3/15/2029 | 31,431 | 34,867,680 | |||||||||
Siemens Financieringsmaatschappij NV (Netherlands)†(b) | 3.25 | % | 5/27/2025 | 13,036 | 14,497,396 | |||||||||
SPX FLOW, Inc.† | 5.875 | % | 8/15/2026 | 14,947 | 15,591,589 | |||||||||
Westinghouse Air Brake Technologies Corp. | 3.45 | % | 11/15/2026 | 17,989 | 19,130,664 | |||||||||
Westinghouse Air Brake Technologies Corp. | 4.95 | % | 9/15/2028 | 8,995 | 10,513,651 | |||||||||
Total | 129,844,679 | |||||||||||||
Electric: Distribution/Transportation 0.81% | ||||||||||||||
Adani Transmission Ltd. (India)†(b) | 4.25 | % | 5/21/2036 | 13,440 | 13,443,169 | |||||||||
Atlantic City Electric Co. | 4.00 | % | 10/15/2028 | 13,493 | 16,025,552 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. September 30, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | ||||||||||
Electric: Distribution/Transportation (continued) | ||||||||||||||
Empresa de Transmision Electrica SA (Panama)†(b) | 5.125 | % | 5/2/2049 | $ | 14,430 | $ | 16,739,449 | |||||||
Empresas Publicas de Medellin ESP (Colombia)†(b) | 4.25 | % | 7/18/2029 | 22,988 | 23,005,241 | |||||||||
Monongahela Power Co.† | 3.55 | % | 5/15/2027 | 13,657 | 15,113,690 | |||||||||
Oklahoma Gas & Electric Co. | 3.85 | % | 8/15/2047 | 10,634 | 12,139,681 | |||||||||
Oklahoma Gas & Electric Co. | 4.15 | % | 4/1/2047 | 11,379 | 13,448,774 | |||||||||
State Grid Overseas Investment 2016 Ltd.† | 3.50 | % | 5/4/2027 | 35,150 | 39,361,737 | |||||||||
Total | 149,277,293 | |||||||||||||
Electric: Generation 2.30% | ||||||||||||||
Adani Renewable Energy RJ Ltd./Kodangal Solar Parks Pvt Ltd/Wardha Solar Maharash (India)†(b) | 4.625 | % | 10/15/2039 | 17,894 | 17,245,343 | |||||||||
AES Panama Generation Holdings SRL (Panama)†(b) | 4.375 | % | 5/31/2030 | 9,048 | 9,317,178 | |||||||||
Calpine Corp.† | 4.50 | % | 2/15/2028 | 3,333 | 3,419,058 | |||||||||
Calpine Corp.† | 4.625 | % | 2/1/2029 | 14,495 | 14,504,059 | |||||||||
Calpine Corp.† | 5.00 | % | 2/1/2031 | 17,568 | 17,940,003 | |||||||||
Calpine Corp.† | 5.125 | % | 3/15/2028 | 8,410 | 8,716,250 | |||||||||
Calpine Corp.† | 5.25 | % | 6/1/2026 | 10,457 | 10,895,619 | |||||||||
Clearway Energy Operating LLC† | 4.75 | % | 3/15/2028 | 8,966 | 9,310,653 | |||||||||
Clearway Energy Operating LLC | 5.75 | % | 10/15/2025 | 15,737 | 16,604,187 | |||||||||
Dayton Power & Light Co. (The) | 3.95 | % | 6/15/2049 | 10,775 | 11,574,976 | |||||||||
DPL, Inc. | 4.35 | % | 4/15/2029 | 17,956 | 19,193,438 | |||||||||
Exelon Generation Co. LLC | 3.25 | % | 6/1/2025 | 17,668 | 19,340,424 | |||||||||
Greenko Solar Mauritius Ltd. (Mauritius)†(b) | 5.95 | % | 7/29/2026 | 11,663 | 12,114,930 | |||||||||
NextEra Energy Operating Partners LP† | 3.875 | % | 10/15/2026 | 46,654 | 48,374,366 | |||||||||
NextEra Energy Operating Partners LP† | 4.50 | % | 9/15/2027 | 19,300 | 20,795,750 | |||||||||
NRG Energy, Inc.† | 3.75 | % | 6/15/2024 | 27,446 | 29,335,373 | |||||||||
NRG Energy, Inc.† | 4.45 | % | 6/15/2029 | 8,068 | 8,914,411 | |||||||||
NRG Energy, Inc.† | 5.25 | % | 6/15/2029 | 8,525 | 9,290,673 | |||||||||
NRG Energy, Inc. | 5.75 | % | 1/15/2028 | 45,435 | 49,098,197 | |||||||||
NSG Holdings LLC/NSG Holdings, Inc.† | 7.75 | % | 12/15/2025 | 17,366 | 18,471,260 | |||||||||
Pattern Energy Operations LP/Pattern Energy Operations, Inc.† | 4.50 | % | 8/15/2028 | 10,681 | 11,101,564 | |||||||||
TerraForm Power Operating LLC† | 4.75 | % | 1/15/2030 | 19,948 | 21,238,835 | |||||||||
TerraForm Power Operating LLC† | 5.00 | % | 1/31/2028 | 7,569 | 8,299,787 | |||||||||
Topaz Solar Farms LLC† | 5.75 | % | 9/30/2039 | 22,802 | 26,680,826 | |||||||||
Total | 421,777,160 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. September 30, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | ||||||||||
Electric: Integrated 3.04% | ||||||||||||||
AES Corp. (The) | 5.125 | % | 9/1/2027 | $ | 12,496 | $ | 13,338,418 | |||||||
Arizona Public Service Co. | 2.95 | % | 9/15/2027 | 13,385 | 14,595,166 | |||||||||
Ausgrid Finance Pty Ltd. (Australia)†(b) | 4.35 | % | 8/1/2028 | 13,786 | 15,782,359 | |||||||||
Avangrid, Inc. | 3.80 | % | 6/1/2029 | 6,282 | 7,262,463 | |||||||||
Black Hills Corp. | 4.35 | % | 5/1/2033 | 13,491 | 16,223,452 | |||||||||
DTE Energy Co. | 1.05 | % | 6/1/2025 | 11,284 | 11,317,669 | |||||||||
El Paso Electric Co. | 5.00 | % | 12/1/2044 | 20,062 | 23,959,604 | |||||||||
Electricite de France SA (France)†(b) | 3.625 | % | 10/13/2025 | 13,500 | 15,132,755 | |||||||||
Electricite de France SA (France)†(b) | 4.50 | % | 9/21/2028 | 14,507 | 17,255,620 | |||||||||
Enel Finance International NV (Netherlands)†(b) | 2.65 | % | 9/10/2024 | 28,508 | 30,254,910 | |||||||||
Enel Finance International NV (Netherlands)†(b) | 3.50 | % | 4/6/2028 | 45,048 | 50,270,785 | |||||||||
Entergy Arkansas LLC | 4.00 | % | 6/1/2028 | 18,151 | 21,391,941 | |||||||||
Entergy Arkansas LLC | 4.95 | % | 12/15/2044 | 16,883 | 18,567,675 | |||||||||
Entergy Louisiana LLC | 4.00 | % | 3/15/2033 | 10,745 | 13,476,946 | |||||||||
Eskom Holdings SOC Ltd. (South Africa)†(b) | 7.125 | % | 2/11/2025 | 43,089 | 39,524,893 | |||||||||
Exelon Corp. | 4.05 | % | 4/15/2030 | 11,219 | 13,152,137 | |||||||||
Florida Power & Light Co. | 2.85 | % | 4/1/2025 | 15,868 | 17,436,573 | |||||||||
HAT Holdings I LLC/HAT Holdings II LLC† | 6.00 | % | 4/15/2025 | 12,008 | 12,807,132 | |||||||||
Indianapolis Power & Light Co.† | 4.05 | % | 5/1/2046 | 24,503 | 30,209,692 | |||||||||
Louisville Gas & Electric Co. | 4.375 | % | 10/1/2045 | 15,039 | 18,748,969 | |||||||||
Ohio Power Co. | 4.00 | % | 6/1/2049 | 13,988 | 17,136,069 | |||||||||
Ohio Power Co. | 4.15 | % | 4/1/2048 | 12,877 | 16,041,095 | |||||||||
Pacific Gas and Electric Co. | 3.15 | % | 1/1/2026 | 25,347 | 26,047,307 | |||||||||
Pacific Gas and Electric Co. | 4.50 | % | 7/1/2040 | 25,347 | 25,850,602 | |||||||||
Puget Energy, Inc.† | 4.10 | % | 6/15/2030 | 26,265 | 29,356,620 | |||||||||
Puget Sound Energy, Inc. | 4.223 | % | 6/15/2048 | 13,467 | 16,825,316 | |||||||||
Rochester Gas & Electric Corp.† | 3.10 | % | 6/1/2027 | 13,724 | 15,238,883 | |||||||||
Sierra Pacific Power Co. | 2.60 | % | 5/1/2026 | 9,730 | 10,617,998 | |||||||||
Total | 557,823,049 | |||||||||||||
Electronics 1.46% | ||||||||||||||
Amphenol Corp. | 2.05 | % | 3/1/2025 | 13,443 | 14,123,480 | |||||||||
Amphenol Corp. | 2.80 | % | 2/15/2030 | 31,417 | 34,452,482 | |||||||||
FLIR Systems, Inc. | 2.50 | % | 8/1/2030 | 18,054 | 18,501,343 | |||||||||
KLA Corp. | 4.10 | % | 3/15/2029 | 29,229 | 35,096,969 | |||||||||
Lam Research Corp. | 4.875 | % | 3/15/2049 | 17,958 | 25,450,871 | |||||||||
Micron Technology, Inc. | 5.327 | % | 2/6/2029 | 25,257 | 30,398,762 | |||||||||
NVIDIA Corp. | 3.20 | % | 9/16/2026 | 29,939 | 33,824,333 | |||||||||
NXP BV/NXP Funding LLC/NXP USA, Inc. (Netherlands)†(b) | 3.40 | % | 5/1/2030 | 16,808 | 18,438,500 | |||||||||
Trimble, Inc. | 4.75 | % | 12/1/2024 | 31,261 | 34,660,692 | |||||||||
Xilinx, Inc. | 2.95 | % | 6/1/2024 | 22,061 | 23,709,796 | |||||||||
Total | 268,657,228 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. September 30, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | ||||||||||
Energy: Exploration & Production 3.80% | ||||||||||||||
Apache Corp. | 4.25 | % | 1/15/2030 | $ | 31,384 | $ | 28,343,675 | |||||||
Apache Corp. | 4.375 | % | 10/15/2028 | 18,022 | 16,523,921 | |||||||||
Apache Corp. | 4.75 | % | 4/15/2043 | 6,798 | 6,056,338 | |||||||||
Apache Corp. | 5.10 | % | 9/1/2040 | 17,064 | 15,370,825 | |||||||||
Callon Petroleum Co. | 6.125 | % | 10/1/2024 | 16,086 | 4,634,779 | |||||||||
Centennial Resource Production LLC† | 5.375 | % | 1/15/2026 | 28,273 | 11,379,883 | |||||||||
Centennial Resource Production LLC† | 6.875 | % | 4/1/2027 | 44,083 | 18,091,884 | |||||||||
Continental Resources, Inc. | 4.375 | % | 1/15/2028 | 39,755 | 34,440,949 | |||||||||
Continental Resources, Inc. | 4.50 | % | 4/15/2023 | 17,398 | 16,619,266 | |||||||||
Diamondback Energy, Inc. | 3.50 | % | 12/1/2029 | 18,892 | 18,264,129 | |||||||||
Diamondback Energy, Inc. | 4.75 | % | 5/31/2025 | 7,831 | 8,454,667 | |||||||||
Endeavor Energy Resources LP/EER Finance, Inc.† | 5.50 | % | 1/30/2026 | 15,868 | 15,778,742 | |||||||||
Endeavor Energy Resources LP/EER Finance, Inc.† | 5.75 | % | 1/30/2028 | 18,862 | 18,991,676 | |||||||||
EQT Corp. | 7.875 | % | 2/1/2025 | 23,602 | 26,194,562 | |||||||||
HighPoint Operating Corp. | 7.00 | % | 10/15/2022 | 11,740 | 2,976,266 | |||||||||
Hilcorp Energy I LP/Hilcorp Finance Co.† | 5.00 | % | 12/1/2024 | 24,312 | 22,151,757 | |||||||||
Hilcorp Energy I LP/Hilcorp Finance Co.† | 5.75 | % | 10/1/2025 | 4,334 | 3,938,067 | |||||||||
Hilcorp Energy I LP/Hilcorp Finance Co.† | 6.25 | % | 11/1/2028 | 20,772 | 18,974,391 | |||||||||
Indigo Natural Resources LLC† | 6.875 | % | 2/15/2026 | 34,773 | 33,930,798 | |||||||||
Jagged Peak Energy LLC | 5.875 | % | 5/1/2026 | 15,687 | 15,655,077 | |||||||||
Laredo Petroleum, Inc. | 10.125 | % | 1/15/2028 | 35,291 | 20,906,388 | |||||||||
Matador Resources Co. | 5.875 | % | 9/15/2026 | 13,543 | 11,346,664 | |||||||||
MEG Energy Corp. (Canada)†(b) | 7.00 | % | 3/31/2024 | 20,154 | 18,793,605 | |||||||||
MEG Energy Corp. (Canada)†(b) | 7.125 | % | 2/1/2027 | 53,847 | 48,426,223 | |||||||||
Montage Resources Corp. | 8.875 | % | 7/15/2023 | 4,523 | 4,607,806 | |||||||||
Murphy Oil Corp. | 5.75 | % | 8/15/2025 | 14,826 | 12,972,453 | |||||||||
Murphy Oil Corp. | 5.875 | % | 12/1/2027 | 15,253 | 13,041,010 | |||||||||
Murphy Oil Corp. | 6.875 | % | 8/15/2024 | 10,558 | 9,785,946 | |||||||||
Oasis Petroleum, Inc.†(g) | 6.25 | % | 5/1/2026 | 3,225 | 772,081 | |||||||||
Oasis Petroleum, Inc.(g) | 6.875 | % | 3/15/2022 | 22,099 | 5,234,701 | |||||||||
Occidental Petroleum Corp. | 6.625 | % | 9/1/2030 | 25,911 | 23,951,481 | |||||||||
OGX Austria GmbH (Brazil)†(b)(g) | 8.50 | % | 6/1/2018 | 20,000 | 400 | |||||||||
Parsley Energy LLC/Parsley Finance Corp.† | 5.375 | % | 1/15/2025 | 18,078 | 18,078,000 | |||||||||
Parsley Energy LLC/Parsley Finance Corp.† | 5.625 | % | 10/15/2027 | 23,096 | 23,023,825 | |||||||||
PDC Energy, Inc. | 5.75 | % | 5/15/2026 | 35,334 | 33,037,290 | |||||||||
Seven Generations Energy Ltd. (Canada)†(b) | 5.375 | % | 9/30/2025 | 18,584 | 17,643,371 | |||||||||
SM Energy Co. | 6.125 | % | 11/15/2022 | 1,778 | 1,389,480 | |||||||||
SM Energy Co. | 6.625 | % | 1/15/2027 | 12,644 | 5,653,069 | |||||||||
SM Energy Co. | 6.75 | % | 9/15/2026 | 17,841 | 8,002,759 | |||||||||
Southwestern Energy Co. | 6.45 | % | 1/23/2025 | 17,032 | 16,568,389 | |||||||||
Southwestern Energy Co. | 7.75 | % | 10/1/2027 | 16,397 | 15,944,443 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. September 30, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | ||||||||||
Energy: Exploration & Production (continued) | ||||||||||||||
Tengizchevroil Finance Co. International Ltd. (Kazakhstan)†(b) | 3.25 | % | 8/15/2030 | $ | 18,803 | $ | 19,020,438 | |||||||
Texaco Capital, Inc. | 8.625 | % | 11/15/2031 | 11,023 | 17,912,213 | |||||||||
WPX Energy, Inc. | 5.25 | % | 10/15/2027 | 15,243 | 15,497,406 | |||||||||
Total | 698,381,093 | |||||||||||||
Environmental 0.07% | ||||||||||||||
Waste Pro USA, Inc.† | 5.50 | % | 2/15/2026 | 13,381 | 13,580,310 | |||||||||
Food & Drug Retailers 0.28% | ||||||||||||||
Albertsons Cos, Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC† | 4.625 | % | 1/15/2027 | 10,224 | 10,471,881 | |||||||||
Albertsons Cos, Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC† | 4.875 | % | 2/15/2030 | 17,549 | 18,312,382 | |||||||||
Rite Aid Corp.† | 8.00 | % | 11/15/2026 | 22,572 | 22,614,322 | |||||||||
Total | 51,398,585 | |||||||||||||
Food: Wholesale 2.32% | ||||||||||||||
Arcor SAIC (Argentina)†(b) | 6.00 | % | 7/6/2023 | 28,254 | 24,849,676 | |||||||||
BRF SA (Brazil)†(b) | 4.875 | % | 1/24/2030 | 17,826 | 18,316,037 | |||||||||
Campbell Soup Co. | 3.125 | % | 4/24/2050 | 49,475 | 50,175,019 | |||||||||
Chobani LLC/Chobani Finance Corp., Inc.† | 7.50 | % | 4/15/2025 | 25,074 | 25,998,854 | |||||||||
FAGE International SA/FAGE USA Dairy Industry, Inc. (Luxembourg)†(b) | 5.625 | % | 8/15/2026 | 18,758 | 18,074,458 | |||||||||
General Mills, Inc. | 2.875 | % | 4/15/2030 | 7,342 | 8,070,403 | |||||||||
JBS USA LUX SA/JBS USA Finance, Inc.† | 6.75 | % | 2/15/2028 | 50,781 | 55,285,783 | |||||||||
Kraft Heinz Foods Co.† | 3.75 | % | 4/1/2030 | 10,503 | 11,104,627 | |||||||||
Kraft Heinz Foods Co. | 4.375 | % | 6/1/2046 | 18,370 | 18,915,012 | |||||||||
Kraft Heinz Foods Co. | 4.625 | % | 1/30/2029 | 5,403 | 6,020,172 | |||||||||
Kraft Heinz Foods Co.† | 4.875 | % | 10/1/2049 | 8,383 | 8,856,775 | |||||||||
Kraft Heinz Foods Co. | 5.00 | % | 6/4/2042 | 18,238 | 19,975,172 | |||||||||
Kraft Heinz Foods Co. | 5.20 | % | 7/15/2045 | 12,508 | 13,688,224 | |||||||||
Lamb Weston Holdings, Inc.† | 4.625 | % | 11/1/2024 | 12,447 | 13,007,115 | |||||||||
McCormick & Co., Inc. | 2.50 | % | 4/15/2030 | 15,431 | 16,506,139 | |||||||||
McCormick & Co., Inc. | 4.20 | % | 8/15/2047 | 21,326 | 26,562,223 | |||||||||
MHP Lux SA (Luxembourg)†(b) | 6.95 | % | 4/3/2026 | 17,930 | 18,069,137 | |||||||||
Smithfield Foods, Inc.† | 5.20 | % | 4/1/2029 | 34,832 | 40,762,444 | |||||||||
Sysco Corp. | 2.40 | % | 2/15/2030 | 17,926 | 18,121,505 | |||||||||
Sysco Corp. | 6.60 | % | 4/1/2050 | 10,289 | 14,424,105 | |||||||||
Total | 426,782,880 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. September 30, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | ||||||||||
Forestry/Paper 0.25% | ||||||||||||||
Norbord, Inc. (Canada)†(b) | 6.25 | % | 4/15/2023 | $ | 12,245 | $ | 13,146,783 | |||||||
Suzano Austria GmbH (Brazil)(b) | 3.75 | % | 1/15/2031 | 18,821 | 18,890,637 | |||||||||
Weyerhaeuser Co. | 7.375 | % | 3/15/2032 | 9,890 | 14,427,136 | |||||||||
Total | 46,464,556 | |||||||||||||
Gaming 2.35% | ||||||||||||||
Boyd Gaming Corp. | 4.75 | % | 12/1/2027 | 25,833 | 25,401,847 | |||||||||
Boyd Gaming Corp. | 6.00 | % | 8/15/2026 | 16,548 | 17,124,036 | |||||||||
Caesars Entertainment Inc.† | 8.125 | % | 7/1/2027 | 49,840 | 52,895,441 | |||||||||
Caesars Resort Collection LLC/CRC Finco, Inc.† | 5.25 | % | 10/15/2025 | 24,648 | 23,879,352 | |||||||||
Caesars Resort Collection LLC/CRC Finco, Inc.† | 5.75 | % | 7/1/2025 | 9,657 | 9,970,853 | |||||||||
Churchill Downs, Inc.† | 4.75 | % | 1/15/2028 | 10,938 | 11,018,011 | |||||||||
Churchill Downs, Inc.† | 5.50 | % | 4/1/2027 | 10,788 | 11,285,489 | |||||||||
GLP Capital LP/GLP Financing II, Inc. | 4.00 | % | 1/15/2031 | 19,903 | 20,756,938 | |||||||||
GLP Capital LP/GLP Financing II, Inc. | 5.75 | % | 6/1/2028 | 18,808 | 21,527,543 | |||||||||
Las Vegas Sands Corp. | 3.50 | % | 8/18/2026 | 36,000 | 36,519,046 | |||||||||
Las Vegas Sands Corp. | 3.90 | % | 8/8/2029 | 15,210 | 15,254,033 | |||||||||
Melco Resorts Finance Ltd. (Hong Kong)†(b) | 5.75 | % | 7/21/2028 | 20,034 | 20,430,490 | |||||||||
MGM Growth Properties Operating Partnership LP/MGP Finance Co-Issuer, Inc.† | 4.625 | % | 6/15/2025 | 13,662 | 13,948,902 | |||||||||
Mohegan Gaming & Entertainment† | 7.875 | % | 10/15/2024 | 21,238 | 19,923,899 | |||||||||
Penn National Gaming, Inc.† | 5.625 | % | 1/15/2027 | 25,676 | 26,668,377 | |||||||||
Scientific Games International, Inc.† | 7.00 | % | 5/15/2028 | 16,124 | 16,190,713 | |||||||||
Scientific Games International, Inc.† | 7.25 | % | 11/15/2029 | 16,014 | 16,281,274 | |||||||||
Stars Group Holdings BV/Stars Group US Co-Borrower LLC (Netherlands)†(b) | 7.00 | % | 7/15/2026 | 15,242 | 16,223,204 | |||||||||
Wynn Macau Ltd. (Macau)†(b) | 5.125 | % | 12/15/2029 | 21,396 | 20,566,905 | |||||||||
Wynn Macau Ltd. (Macau)†(b) | 5.50 | % | 10/1/2027 | 36,932 | 35,916,370 | |||||||||
Total | 431,782,723 | |||||||||||||
Gas Distribution 2.26% | ||||||||||||||
AI Candelaria Spain SLU (Spain)†(b) | 7.50 | % | 12/15/2028 | 18,965 | 20,515,389 | |||||||||
Buckeye Partners LP | 6.375%(3 Mo. LIBOR + 4.02 | %)# | 1/22/2078 | 45,048 | 29,925,161 | |||||||||
Colonial Enterprises, Inc.† | 3.25 | % | 5/15/2030 | 11,253 | 12,634,776 | |||||||||
Dominion Energy Gas Holdings LLC | 3.60 | % | 12/15/2024 | 12,050 | 13,290,218 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. September 30, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | ||||||||||
Gas Distribution (continued) | ||||||||||||||
ENN Energy Holdings Ltd. (China)†(b) | 2.625 | % | 9/17/2030 | $ | 20,367 | $ | 20,377,795 | |||||||
Florida Gas Transmission Co. LLC† | 4.35 | % | 7/15/2025 | 18,069 | 20,571,694 | |||||||||
Midwest Connector Capital Co. LLC† | 4.625 | % | 4/1/2029 | 31,439 | 31,800,194 | |||||||||
National Fuel Gas Co. | 5.50 | % | 1/15/2026 | 49,743 | 54,351,176 | |||||||||
NGPL PipeCo LLC† | 4.875 | % | 8/15/2027 | 32,573 | 35,349,799 | |||||||||
Northern Natural Gas Co.† | 4.30 | % | 1/15/2049 | 20,972 | 24,982,617 | |||||||||
ONE Gas, Inc. | 4.50 | % | 11/1/2048 | 13,497 | 17,001,556 | |||||||||
Plains All American Pipeline LP | 6.125%(3 Mo. LIBOR + 4.11 | %)# | — | (k) | 27,434 | 17,438,422 | ||||||||
Sabal Trail Transmission LLC† | 4.246 | % | 5/1/2028 | 20,166 | 22,676,488 | |||||||||
Sabine Pass Liquefaction LLC† | 4.50 | % | 5/15/2030 | 13,663 | 15,412,413 | |||||||||
Targa Resources Partners LP/Targa Resources Partners Finance Corp.† | 4.875 | % | 2/1/2031 | 20,715 | 20,099,764 | |||||||||
Transportadora de Gas Internacional SA ESP (Colombia)†(b) | 5.55 | % | 11/1/2028 | 24,773 | 28,055,670 | |||||||||
Western Midstream Operating LP | 5.05 | % | 2/1/2030 | 30,452 | 29,728,765 | |||||||||
Total | 414,211,897 | |||||||||||||
Health Facilities 3.03% | ||||||||||||||
AHP Health Partners, Inc.† | 9.75 | % | 7/15/2026 | 15,527 | 16,707,984 | |||||||||
Ascension Health | 3.945 | % | 11/15/2046 | 8,881 | 11,069,306 | |||||||||
Dignity Health | 3.812 | % | 11/1/2024 | 7,500 | 7,992,410 | |||||||||
HCA, Inc. | 5.50 | % | 6/15/2047 | 60,149 | 75,282,178 | |||||||||
HCA, Inc. | 7.05 | % | 12/1/2027 | 3,490 | 4,080,037 | |||||||||
HCA, Inc. | 7.58 | % | 9/15/2025 | 5,778 | 6,919,155 | |||||||||
HCA, Inc. | 7.69 | % | 6/15/2025 | 12,776 | 15,058,369 | |||||||||
HCA, Inc. | 8.36 | % | 4/15/2024 | 2,295 | 2,713,838 | |||||||||
LifePoint Health, Inc.† | 4.375 | % | 2/15/2027 | 35,115 | 35,246,681 | |||||||||
MEDNAX, Inc.† | 6.25 | % | 1/15/2027 | 27,016 | 28,062,330 | |||||||||
Memorial Sloan-Kettering Cancer Center | 4.20 | % | 7/1/2055 | 28,034 | 37,884,734 | |||||||||
Mount Sinai Hospitals Group, Inc. | 3.737 | % | 7/1/2049 | 21,163 | 23,444,418 | |||||||||
MPT Operating Partnership LP/MPT Finance Corp. | 5.00 | % | 10/15/2027 | 16,011 | 16,723,089 | |||||||||
New York & Presbyterian Hospital (The) | 4.063 | % | 8/1/2056 | 16,078 | 20,734,365 | |||||||||
NYU Langone Hospitals | 4.368 | % | 7/1/2047 | 12,348 | 14,364,696 | |||||||||
Providence St. Joseph Health Obligated Group | 2.532 | % | 10/1/2029 | 14,960 | 15,939,583 | |||||||||
Quest Diagnostics, Inc. | 2.80 | % | 6/30/2031 | 13,505 | 14,594,414 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. September 30, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | ||||||||||
Health Facilities (continued) | ||||||||||||||
Rede D’or Finance Sarl (Luxembourg)†(b) | 4.95 | % | 1/17/2028 | $ | 20,352 | $ | 20,653,718 | |||||||
RegionalCare Hospital Partners Holdings, Inc./LifePoint Health, Inc.† | 9.75 | % | 12/1/2026 | 20,282 | 21,600,330 | |||||||||
Surgery Center Holdings, Inc.† | 10.00 | % | 4/15/2027 | 15,305 | 16,328,522 | |||||||||
Tenet Healthcare Corp.† | 4.875 | % | 1/1/2026 | 11,230 | 11,412,375 | |||||||||
Tenet Healthcare Corp. | 5.125 | % | 5/1/2025 | 20,960 | 21,007,160 | |||||||||
Tenet Healthcare Corp.† | 6.125 | % | 10/1/2028 | 36,407 | 35,519,579 | |||||||||
Tenet Healthcare Corp.† | 6.25 | % | 2/1/2027 | 42,711 | 44,146,303 | |||||||||
Tenet Healthcare Corp. | 6.75 | % | 6/15/2023 | 19,692 | 20,696,292 | |||||||||
Universal Health Services, Inc.† | 2.65 | % | 10/15/2030 | 18,799 | 18,761,778 | |||||||||
Total | 556,943,644 | |||||||||||||
Health Services 0.53% | ||||||||||||||
CVS Health Corp. | 3.625 | % | 4/1/2027 | 15,780 | 17,756,572 | |||||||||
Hadrian Merger Sub, Inc.† | 8.50 | % | 5/1/2026 | 29,836 | 29,793,036 | |||||||||
Montefiore Obligated Group | 5.246 | % | 11/1/2048 | 18,042 | 20,813,601 | |||||||||
Verscend Escrow Corp.† | 9.75 | % | 8/15/2026 | 26,792 | 29,197,654 | |||||||||
Total | 97,560,863 | |||||||||||||
Hotels 0.75% | ||||||||||||||
ESH Hospitality, Inc.† | 4.625 | % | 10/1/2027 | 19,131 | 18,796,590 | |||||||||
Hilton Domestic Operating Co., Inc. | 4.875 | % | 1/15/2030 | 21,817 | 22,519,071 | |||||||||
Hilton Domestic Operating Co., Inc. | 5.125 | % | 5/1/2026 | 42,165 | 43,421,939 | |||||||||
Marriott International, Inc. | 3.50 | % | 10/15/2032 | 27,083 | 26,790,052 | |||||||||
Marriott International, Inc. | 5.75 | % | 5/1/2025 | 14,908 | 16,645,530 | |||||||||
Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co-Issuer† | 5.875 | % | 10/1/2028 | 10,300 | 10,351,500 | |||||||||
Total | 138,524,682 | |||||||||||||
Insurance Brokerage 0.30% | ||||||||||||||
Brown & Brown, Inc. | 2.375 | % | 3/15/2031 | 22,560 | 22,812,896 | |||||||||
Farmers Insurance Exchange† | 4.747%(3 Mo. LIBOR + 3.23 | %)# | 11/1/2057 | 15,790 | 16,111,664 | |||||||||
HUB International Ltd.† | 7.00 | % | 5/1/2026 | 15,861 | 16,451,902 | |||||||||
Total | 55,376,462 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. September 30, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | ||||||||||
Integrated Energy 2.35% | ||||||||||||||
Cenovus Energy, Inc. (Canada)(b) | 5.375 | % | 7/15/2025 | $ | 16,983 | $ | 16,365,582 | |||||||
Cenovus Energy, Inc. (Canada)(b) | 5.40 | % | 6/15/2047 | 86,819 | 73,322,639 | |||||||||
Exxon Mobil Corp. | 3.043 | % | 3/1/2026 | 23,752 | 26,238,444 | |||||||||
Hess Corp. | 5.60 | % | 2/15/2041 | 38,589 | 41,792,024 | |||||||||
Hess Corp. | 5.80 | % | 4/1/2047 | 29,053 | 31,837,033 | |||||||||
Lukoil Securities BV (Netherlands)†(b) | 3.875 | % | 5/6/2030 | 45,000 | 47,646,000 | |||||||||
Occidental Petroleum Corp. | 2.70 | % | 8/15/2022 | 36,933 | 34,576,490 | |||||||||
Occidental Petroleum Corp. | 2.70 | % | 2/15/2023 | 3,169 | 2,907,557 | |||||||||
Occidental Petroleum Corp. | 3.125 | % | 2/15/2022 | 8,145 | 7,728,465 | |||||||||
Petrobras Global Finance BV (Netherlands)(b) | 5.60 | % | 1/3/2031 | 23,542 | 25,168,399 | |||||||||
Petroleos Mexicanos (Mexico)(b) | 6.875 | % | 8/4/2026 | 45,082 | 43,323,802 | |||||||||
Saudi Arabian Oil Co. (Saudi Arabia)†(b) | 4.375 | % | 4/16/2049 | 30,522 | 36,822,059 | |||||||||
Shell International Finance BV (Netherlands)(b) | 6.375 | % | 12/15/2038 | 28,912 | 43,025,366 | |||||||||
Total | 430,753,860 | |||||||||||||
Investments & Miscellaneous Financial Services 0.33% | ||||||||||||||
AG Issuer LLC† | 6.25 | % | 3/1/2028 | 17,428 | 17,384,430 | |||||||||
Global Aircraft Leasing Co. Ltd. PIK 7.25%† | 6.50 | % | 9/15/2024 | 25,693 | 14,420,074 | |||||||||
Neuberger Berman Group LLC/Neuberger Berman Finance Corp.† | 4.875 | % | 4/15/2045 | 25,236 | 28,007,655 | |||||||||
Total | 59,812,159 | |||||||||||||
Life Insurance 0.64% | ||||||||||||||
AIA Group Ltd. (Hong Kong)†(b) | 3.20 | % | 9/16/2040 | 18,831 | 19,492,533 | |||||||||
AIA Group Ltd. (Hong Kong)†(b) | 3.375 | % | 4/7/2030 | 17,824 | 20,062,845 | |||||||||
Northwestern Mutual Life Insurance Co. (The)† | 3.85 | % | 9/30/2047 | 28,610 | 32,364,520 | |||||||||
Nuveen Finance LLC† | 4.125 | % | 11/1/2024 | 7,927 | 8,948,151 | |||||||||
Teachers Insurance & Annuity Association of America† | 4.27 | % | 5/15/2047 | 17,804 | 20,914,471 | |||||||||
Teachers Insurance & Annuity Association of America† | 4.90 | % | 9/15/2044 | 12,705 | 16,049,034 | |||||||||
Total | 117,831,554 | |||||||||||||
Machinery 0.63% | ||||||||||||||
IDEX Corp. | 3.00 | % | 5/1/2030 | 16,199 | 17,854,430 | |||||||||
Itron, Inc.† | 5.00 | % | 1/15/2026 | 14,399 | 14,803,972 | |||||||||
Roper Technologies, Inc. | 1.75 | % | 2/15/2031 | 49,668 | 49,614,277 | |||||||||
Roper Technologies, Inc. | 4.20 | % | 9/15/2028 | 19,379 | 23,151,790 | |||||||||
Xylem, Inc. | 3.25 | % | 11/1/2026 | 8,884 | 9,920,051 | |||||||||
Total | 115,344,520 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. September 30, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | ||||||||||
Managed Care 1.03% | ||||||||||||||
Anthem, Inc. | 2.25 | % | 5/15/2030 | $ | 26,990 | $ | 27,757,956 | |||||||
Centene Corp. | 3.375 | % | 2/15/2030 | 30,763 | 31,964,757 | |||||||||
Centene Corp. | 4.25 | % | 12/15/2027 | 20,773 | 21,785,580 | |||||||||
Centene Corp. | 4.625 | % | 12/15/2029 | 31,215 | 33,710,795 | |||||||||
Centene Corp. | 4.75 | % | 1/15/2025 | 8,928 | 9,187,358 | |||||||||
Centene Corp.† | 5.375 | % | 6/1/2026 | 20,972 | 22,161,532 | |||||||||
Kaiser Foundation Hospitals | 4.15 | % | 5/1/2047 | 17,628 | 22,536,007 | |||||||||
Molina Healthcare, Inc.† | 4.875 | % | 6/15/2025 | 19,176 | 19,629,416 | |||||||||
Total | 188,733,401 | |||||||||||||
Media: Content 1.79% | ||||||||||||||
Activision Blizzard, Inc. | 2.50 | % | 9/15/2050 | 27,086 | 24,929,007 | |||||||||
AMC Networks, Inc. | 4.75 | % | 8/1/2025 | 27,032 | 27,983,526 | |||||||||
Diamond Sports Group LLC/Diamond Sports Finance Co.† | 5.375 | % | 8/15/2026 | 31,006 | 22,011,624 | |||||||||
Gray Television, Inc.† | 5.875 | % | 7/15/2026 | 9,833 | 10,220,174 | |||||||||
Netflix, Inc.† | 3.625 | % | 6/15/2025 | 6,617 | 6,924,691 | |||||||||
Netflix, Inc.(i) | 3.625 | % | 5/15/2027 | EUR | 50,197 | 63,773,611 | ||||||||
Netflix, Inc.(i) | 3.625 | % | 6/15/2030 | EUR | 5,000 | 6,372,030 | ||||||||
Netflix, Inc.†(i) | 3.625 | % | 6/15/2030 | EUR | 13,504 | 17,209,579 | ||||||||
Netflix, Inc.†(i) | 3.875 | % | 11/15/2029 | EUR | 9,011 | 11,687,470 | ||||||||
Netflix, Inc. | 4.875 | % | 4/15/2028 | $ | 36,655 | 41,021,710 | ||||||||
Netflix, Inc.† | 4.875 | % | 6/15/2030 | 1,425 | 1,627,172 | |||||||||
Netflix, Inc. | 5.50 | % | 2/15/2022 | 5,323 | 5,589,150 | |||||||||
Nexstar Broadcasting, Inc.† | 5.625 | % | 7/15/2027 | 23,661 | 24,856,235 | |||||||||
Sirius XM Radio, Inc.† | 5.00 | % | 8/1/2027 | 11,533 | 12,063,922 | |||||||||
Sirius XM Radio, Inc.† | 5.375 | % | 7/15/2026 | 10,495 | 10,948,384 | |||||||||
Univision Communications, Inc.† | 5.125 | % | 2/15/2025 | 43,820 | 41,601,613 | |||||||||
Total | 328,819,898 | |||||||||||||
Media: Diversified 0.31% | ||||||||||||||
Cable Onda SA (Panama)†(b) | 4.50 | % | 1/30/2030 | 24,283 | 25,364,808 | |||||||||
Prosus NV (Netherlands)†(b) | 3.68 | % | 1/21/2030 | 28,534 | 30,835,772 | |||||||||
Total | 56,200,580 | |||||||||||||
Medical Products 0.49% | ||||||||||||||
Alcon Finance Corp.† | 2.60 | % | 5/27/2030 | 23,575 | 24,980,241 | |||||||||
Baxter International, Inc.† | 3.75 | % | 10/1/2025 | 13,842 | 15,710,088 | |||||||||
Boston Scientific Corp. | 7.00 | % | 11/15/2035 | 16,135 | 23,682,643 | |||||||||
Edwards Lifesciences Corp. | 4.30 | % | 6/15/2028 | 20,927 | 25,038,568 | |||||||||
Total | 89,411,540 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. September 30, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | ||||||||||
Metals & Minerals: Miscellaneous 0.10% | ||||||||||||||
Freeport-McMoRan, Inc. | 4.375 | % | 8/1/2028 | $ | 17,287 | $ | 17,906,393 | |||||||
Metals/Mining (Excluding Steel) 1.42% | ||||||||||||||
Anglo American Capital plc (United Kingdom)†(b) | 3.95 | % | 9/10/2050 | 18,109 | 18,545,679 | |||||||||
Anglo American Capital plc (United Kingdom)†(b) | 5.625 | % | 4/1/2030 | 17,340 | 21,325,953 | |||||||||
Baffinland Iron Mines Corp./Baffinland Iron Mines LP (Canada)†(b) | 8.75 | % | 7/15/2026 | 18,211 | 18,799,488 | |||||||||
Corp. Nacional del Cobre de Chile (Chile)†(b) | 3.75 | % | 1/15/2031 | 5,600 | 6,242,208 | |||||||||
Freeport-McMoRan, Inc. | 4.125 | % | 3/1/2028 | 19,839 | 20,124,186 | |||||||||
Freeport-McMoRan, Inc. | 4.25 | % | 3/1/2030 | 31,315 | 32,127,311 | |||||||||
Freeport-McMoRan, Inc. | 4.625 | % | 8/1/2030 | 20,241 | 21,318,327 | |||||||||
Freeport-McMoRan, Inc. | 5.25 | % | 9/1/2029 | 11,700 | 12,568,023 | |||||||||
Fresnillo plc (Mexico)(b) | 4.25 | % | 10/2/2050 | 12,855 | 12,751,054 | |||||||||
Hecla Mining Co. | 7.25 | % | 2/15/2028 | 17,694 | 19,202,414 | |||||||||
Mirabela Nickel Ltd. (Australia)(b) | 1.00 | % | 9/10/2044 | 185 | 19 | (d) | ||||||||
Newmont Corp. | 2.25 | % | 10/1/2030 | 31,484 | 32,554,178 | |||||||||
Rain CII Carbon LLC/CII Carbon Corp.† | 7.25 | % | 4/1/2025 | 16,848 | 16,479,282 | |||||||||
Teck Resources Ltd. (Canada)†(b) | 3.90 | % | 7/15/2030 | 10,828 | 11,349,300 | |||||||||
Warrior Met Coal, Inc.† | 8.00 | % | 11/1/2024 | 17,893 | 18,236,903 | |||||||||
Total | 261,624,325 | |||||||||||||
Monoline Insurance 0.17% | ||||||||||||||
Fidelity National Financial, Inc. | 4.50 | % | 8/15/2028 | 26,914 | 31,293,630 | |||||||||
Multi-Line Insurance 0.08% | ||||||||||||||
Assurant, Inc. | 3.70 | % | 2/22/2030 | 14,558 | 15,209,664 | |||||||||
Non-Electric Utilities 0.07% | ||||||||||||||
Brooklyn Union Gas Co. (The)† | 3.407 | % | 3/10/2026 | 11,916 | 13,313,324 | |||||||||
Oil Field Equipment & Services 0.32% | ||||||||||||||
Abu Dhabi Crude Oil Pipeline LLC (United Arab Emirates)†(b) | 4.60 | % | 11/2/2047 | 28,472 | 34,993,796 | |||||||||
Oceaneering International, Inc. | 4.65 | % | 11/15/2024 | 11,763 | 8,630,631 | |||||||||
Oceaneering International, Inc. | 6.00 | % | 2/1/2028 | 25,383 | 15,940,524 | |||||||||
Total | 59,564,951 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. September 30, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | ||||||||||
Oil Refining & Marketing 0.33% | ||||||||||||||
Citgo Holding, Inc.† | 9.25 | % | 8/1/2024 | $ | 21,838 | $ | 20,855,290 | |||||||
CITGO Petroleum Corp.† | 7.00 | % | 6/15/2025 | 13,655 | 13,492,847 | |||||||||
PBF Holding Co. LLC/PBF Finance Corp.† | 6.00 | % | 2/15/2028 | 18,252 | 12,282,227 | |||||||||
PBF Holding Co. LLC/PBF Finance Corp.† | 9.25 | % | 5/15/2025 | 13,171 | 13,519,307 | |||||||||
Total | 60,149,671 | |||||||||||||
Packaging 0.38% | ||||||||||||||
Ball Corp. | 2.875 | % | 8/15/2030 | 24,932 | 24,682,680 | |||||||||
Crown Cork & Seal Co., Inc. | 7.375 | % | 12/15/2026 | 11,810 | 14,082,716 | |||||||||
Sealed Air Corp.† | 6.875 | % | 7/15/2033 | 12,427 | 15,966,583 | |||||||||
Trivium Packaging Finance BV (Netherlands)†(b) | 5.50 | % | 8/15/2026 | 13,996 | 14,527,498 | |||||||||
Total | 69,259,477 | |||||||||||||
Personal & Household Products 1.41% | ||||||||||||||
Clorox Co. (The) | 1.80 | % | 5/15/2030 | 17,116 | 17,661,524 | |||||||||
Hasbro, Inc. | 3.90 | % | 11/19/2029 | 44,903 | 47,202,164 | |||||||||
Hasbro, Inc. | 5.10 | % | 5/15/2044 | 24,241 | 25,294,598 | |||||||||
Mattel, Inc.† | 5.875 | % | 12/15/2027 | 24,502 | 26,416,219 | |||||||||
Mattel, Inc.† | 6.75 | % | 12/31/2025 | 23,059 | 24,350,304 | |||||||||
Newell Brands, Inc. | 4.70 | % | 4/1/2026 | 76,643 | 81,793,410 | |||||||||
Newell Brands, Inc. | 5.875 | % | 4/1/2036 | 15,478 | 17,877,399 | |||||||||
Revlon Consumer Products Corp. | 5.75 | % | 2/15/2021 | 2,098 | 740,206 | |||||||||
SC Johnson & Son, Inc.† | 4.75 | % | 10/15/2046 | 12,635 | 16,903,072 | |||||||||
Total | 258,238,896 | |||||||||||||
Pharmaceuticals 1.17% | ||||||||||||||
AbbVie, Inc.† | 3.20 | % | 11/21/2029 | 26,942 | 29,739,322 | |||||||||
AbbVie, Inc.† | 4.25 | % | 11/21/2049 | 14,179 | 16,835,944 | |||||||||
AstraZeneca plc (United Kingdom)(b) | 2.125 | % | 8/6/2050 | 54,143 | 49,444,797 | |||||||||
Eli Lilly and Co. | 2.25 | % | 5/15/2050 | 69,805 | 66,138,999 | |||||||||
Pfizer, Inc. | 2.625 | % | 4/1/2030 | 13,461 | 14,979,496 | |||||||||
Regeneron Pharmaceuticals, Inc. | 2.80 | % | 9/15/2050 | 22,574 | 21,155,046 | |||||||||
Zoetis, Inc. | 3.90 | % | 8/20/2028 | 13,486 | 16,021,557 | |||||||||
Total | 214,315,161 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. September 30, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | ||||||||||
Property & Casualty 0.41% | ||||||||||||||
Allstate Corp. (The) | 3.28 | % | 12/15/2026 | $ | 13,471 | $ | 15,342,017 | |||||||
Arch Capital Finance LLC | 4.011 | % | 12/15/2026 | 13,319 | 15,478,726 | |||||||||
CNA Financial Corp. | 2.05 | % | 8/15/2030 | 11,287 | 11,220,280 | |||||||||
Hanover Insurance Group, Inc. (The) | 2.50 | % | 9/1/2030 | 9,031 | 9,286,686 | |||||||||
Selective Insurance Group, Inc. | 5.375 | % | 3/1/2049 | 19,241 | 23,485,047 | |||||||||
Total | 74,812,756 | |||||||||||||
Rail 0.37% | ||||||||||||||
Central Japan Railway Co. (Japan)†(b) | 4.25 | % | 11/24/2045 | 17,006 | 21,415,425 | |||||||||
China Railway Xunjie Co. Ltd. (China)(b) | 3.25 | % | 7/28/2026 | 13,800 | 15,021,314 | |||||||||
Kansas City Southern | 3.50 | % | 5/1/2050 | 8,869 | 9,204,086 | |||||||||
Rumo Luxembourg Sarl (Luxembourg)†(b) | 5.875 | % | 1/18/2025 | 20,674 | 21,684,235 | |||||||||
Total | 67,325,060 | |||||||||||||
Real Estate Development & Management 0.33% | ||||||||||||||
CoStar Group, Inc.† | 2.80 | % | 7/15/2030 | 17,267 | 17,909,381 | |||||||||
Kaisa Group Holdings Ltd. (China)(b) | 9.375 | % | 6/30/2024 | 18,300 | 17,293,500 | |||||||||
Ontario Teachers’ Cadillac Fairview Properties Trust (Canada)†(b) | 3.875 | % | 3/20/2027 | 23,275 | 25,443,138 | |||||||||
Total | 60,646,019 | |||||||||||||
Real Estate Investment Trusts 0.83% | ||||||||||||||
Alexandria Real Estate Equities, Inc. | 3.80 | % | 4/15/2026 | 6,288 | 7,219,364 | |||||||||
Alexandria Real Estate Equities, Inc. | 3.95 | % | 1/15/2028 | 14,750 | 16,989,593 | |||||||||
Alexandria Real Estate Equities, Inc. | 4.90 | % | 12/15/2030 | 7,100 | 8,956,825 | |||||||||
American Homes 4 Rent LP | 4.25 | % | 2/15/2028 | 3,051 | 3,460,904 | |||||||||
American Homes 4 Rent LP | 4.90 | % | 2/15/2029 | 12,968 | 15,478,041 | |||||||||
CyrusOne LP/CyrusOne Finance Corp. | 2.15 | % | 11/1/2030 | 22,556 | 22,095,857 | |||||||||
Goodman US Finance Four LLC† | 4.50 | % | 10/15/2037 | 12,258 | 14,141,774 | |||||||||
Goodman US Finance Three LLC† | 3.70 | % | 3/15/2028 | 7,763 | 8,501,109 | |||||||||
Prologis LP | 3.875 | % | 9/15/2028 | 8,980 | 10,607,614 | |||||||||
Prologis LP | 4.375 | % | 2/1/2029 | 15,050 | 18,462,435 | |||||||||
Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC | 8.25 | % | 10/15/2023 | 25,939 | 25,598,551 | |||||||||
Total | 151,512,067 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. September 30, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | ||||||||||
Recreation & Travel 0.74% | ||||||||||||||
Carnival Corp.† | 9.875 | % | 8/1/2027 | $ | 18,736 | $ | 19,850,605 | |||||||
Carnival Corp.† | 11.50 | % | 4/1/2023 | 35,826 | 40,212,356 | |||||||||
Merlin Entertainments Ltd. (United Kingdom)†(b) | 5.75 | % | 6/15/2026 | 8,041 | 7,687,678 | |||||||||
Royal Caribbean Cruises Ltd.† | 9.125 | % | 6/15/2023 | 12,274 | 13,025,783 | |||||||||
Royal Caribbean Cruises Ltd.† | 11.50 | % | 6/1/2025 | 30,300 | 35,234,961 | |||||||||
Viking Cruises Ltd.† | 13.00 | % | 5/15/2025 | 17,187 | 19,936,920 | |||||||||
Total | 135,948,303 | |||||||||||||
Reinsurance 0.55% | ||||||||||||||
AXIS Specialty Finance plc (United Kingdom)(b) | 5.15 | % | 4/1/2045 | 21,094 | 25,500,848 | |||||||||
Berkshire Hathaway, Inc. | 2.75 | % | 3/15/2023 | 7,903 | 8,329,105 | |||||||||
Berkshire Hathaway, Inc. | 3.125 | % | 3/15/2026 | 7,903 | 8,831,479 | |||||||||
PartnerRe Finance B LLC | 3.70 | % | 7/2/2029 | 26,944 | 30,123,021 | |||||||||
Transatlantic Holdings, Inc. | 8.00 | % | 11/30/2039 | 17,809 | 28,075,067 | |||||||||
Total | 100,859,520 | |||||||||||||
Restaurants 0.70% | ||||||||||||||
IRB Holding Corp.† | 6.75 | % | 2/15/2026 | 24,585 | 24,631,097 | |||||||||
IRB Holding Corp.† | 7.00 | % | 6/15/2025 | 12,820 | 13,692,081 | |||||||||
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America LLC† | 4.75 | % | 6/1/2027 | 25,312 | 26,633,413 | |||||||||
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America LLC† | 5.00 | % | 6/1/2024 | 14,574 | 14,970,048 | |||||||||
Starbucks Corp. | 4.45 | % | 8/15/2049 | 39,350 | 47,790,019 | |||||||||
Total | 127,716,658 | |||||||||||||
Software/Services 3.10% | ||||||||||||||
Autodesk, Inc. | 3.50 | % | 6/15/2027 | 27,008 | 30,642,645 | |||||||||
Banff Merger Sub, Inc.† | 9.75 | % | 9/1/2026 | 24,349 | 25,773,416 | |||||||||
Global Payments, Inc. | 2.90 | % | 5/15/2030 | 41,296 | 44,230,001 | |||||||||
Global Payments, Inc. | 4.15 | % | 8/15/2049 | 22,442 | 26,427,306 | |||||||||
Go Daddy Operating Co. LLC/GD Finance Co., Inc.† | 5.25 | % | 12/1/2027 | 11,226 | 11,706,304 | |||||||||
GrubHub Holdings, Inc.† | 5.50 | % | 7/1/2027 | 17,074 | 17,746,289 | |||||||||
Intuit, Inc. | 0.95 | % | 7/15/2025 | 9,023 | 9,122,057 | |||||||||
Intuit, Inc. | 1.65 | % | 7/15/2030 | 18,048 | 18,389,358 | |||||||||
Match Group Holdings II LLC† | 5.00 | % | 12/15/2027 | 22,260 | 23,563,546 | |||||||||
Microsoft Corp. | 3.125 | % | 11/3/2025 | 40,202 | 44,993,326 | |||||||||
Microsoft Corp. | 3.30 | % | 2/6/2027 | 26,383 | 30,196,095 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. September 30, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | ||||||||||
Software/Services (continued) | ||||||||||||||
PayPal Holdings, Inc. | 3.25 | % | 6/1/2050 | $ | 47,393 | $ | 52,593,642 | |||||||
PTC, Inc.† | 3.625 | % | 2/15/2025 | 11,211 | 11,400,186 | |||||||||
PTC, Inc.† | 4.00 | % | 2/15/2028 | 22,263 | 22,924,211 | |||||||||
salesforce.com, Inc. | 3.70 | % | 4/11/2028 | 17,807 | 21,003,391 | |||||||||
ServiceNow, Inc. | 1.40 | % | 9/1/2030 | 20,835 | 20,305,320 | |||||||||
Tencent Holdings Ltd. (China)†(b) | 3.595 | % | 1/19/2028 | 19,777 | 21,792,267 | |||||||||
Tencent Holdings Ltd. (China)†(b) | 3.925 | % | 1/19/2038 | 23,479 | 26,674,022 | |||||||||
Tencent Music Entertainment Group (China)(b) | 1.375 | % | 9/3/2025 | 9,057 | 9,014,736 | |||||||||
Tencent Music Entertainment Group (China)(b) | 2.00 | % | 9/3/2030 | 8,876 | 8,694,275 | |||||||||
VeriSign, Inc. | 4.75 | % | 7/15/2027 | 21,815 | 23,164,803 | |||||||||
VeriSign, Inc. | 5.25 | % | 4/1/2025 | 15,945 | 17,660,762 | |||||||||
Veritas US, Inc./Veritas Bermuda Ltd.† | 7.50 | % | 9/1/2025 | 15,396 | 15,896,370 | |||||||||
Veritas US, Inc./Veritas Bermuda Ltd.† | 10.50 | % | 2/1/2024 | 20,022 | 18,901,669 | |||||||||
Visa, Inc. | 3.15 | % | 12/14/2025 | 14,645 | 16,400,859 | |||||||||
Total | 569,216,856 | |||||||||||||
Specialty Retail 2.00% | ||||||||||||||
AutoNation, Inc. | 4.75 | % | 6/1/2030 | 10,463 | 12,401,753 | |||||||||
Best Buy Co., Inc. | 1.95 | % | 10/1/2030 | 22,556 | 22,454,928 | |||||||||
Best Buy Co., Inc. | 4.45 | % | 10/1/2028 | 15,806 | 18,745,577 | |||||||||
Carvana Co.† | 5.625 | % | 10/1/2025 | 20,724 | 20,490,855 | |||||||||
Carvana Co.†(j) | 5.875 | % | 10/1/2028 | 10,425 | 10,320,750 | |||||||||
eG Global Finance plc (United Kingdom)†(b) | 8.50 | % | 10/30/2025 | 22,482 | 23,704,459 | |||||||||
Gap, Inc. (The)† | 8.625 | % | 5/15/2025 | 17,736 | 19,454,175 | |||||||||
Gap, Inc. (The)† | 8.875 | % | 5/15/2027 | 18,953 | 21,582,729 | |||||||||
JD.com, Inc. (China)(b) | 3.375 | % | 1/14/2030 | 16,606 | 18,014,732 | |||||||||
JD.com, Inc. (China)(b) | 4.125 | % | 1/14/2050 | 31,012 | 34,581,286 | |||||||||
Murphy Oil USA, Inc. | 4.75 | % | 9/15/2029 | 14,991 | 16,000,119 | |||||||||
NIKE, Inc. | 2.40 | % | 3/27/2025 | 20,735 | 22,316,211 | |||||||||
Penske Automotive Group, Inc. | 3.50 | % | 9/1/2025 | 12,185 | 12,101,289 | |||||||||
Penske Automotive Group, Inc. | 5.50 | % | 5/15/2026 | 5,413 | 5,595,932 | |||||||||
PetSmart, Inc.† | 5.875 | % | 6/1/2025 | 15,768 | 16,179,545 | |||||||||
PetSmart, Inc.† | 7.125 | % | 3/15/2023 | 17,395 | 17,568,950 | |||||||||
Seven & i Holdings Co. Ltd. (Japan)†(b) | 3.35 | % | 9/17/2021 | 31,997 | 32,789,538 | |||||||||
Tiffany & Co. | 4.90 | % | 10/1/2044 | 24,318 | 26,826,667 | |||||||||
WW International, Inc.† | 8.625 | % | 12/1/2025 | 15,449 | 16,163,516 | |||||||||
Total | 367,293,011 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. September 30, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | ||||||||||
Steel Producers/Products 0.23% | ||||||||||||||
CSN Islands XI Corp. (Brazil)†(b) | 6.75 | % | 1/28/2028 | $ | 20,418 | $ | 19,641,095 | |||||||
CSN Resources SA (Brazil)†(b) | 7.625 | % | 4/17/2026 | 15,335 | 15,421,259 | |||||||||
Reliance Steel & Aluminum Co. | 2.15 | % | 8/15/2030 | 6,768 | 6,630,842 | |||||||||
Total | 41,693,196 | |||||||||||||
Support: Services 1.84% | ||||||||||||||
Ahern Rentals, Inc.† | 7.375 | % | 5/15/2023 | 20,365 | 10,869,819 | |||||||||
Brink’s Co. (The)† | 4.625 | % | 10/15/2027 | 27,395 | 27,421,025 | |||||||||
Cleveland Clinic Foundation (The) | 4.858 | % | 1/1/2114 | 8,223 | 11,789,319 | |||||||||
Georgetown University (The) | 2.943 | % | 4/1/2050 | 17,968 | 17,891,365 | |||||||||
IHS Markit Ltd. (United Kingdom)†(b) | 4.00 | % | 3/1/2026 | 29,435 | 32,888,167 | |||||||||
IHS Markit Ltd. (United Kingdom)(b) | 4.25 | % | 5/1/2029 | 6,511 | 7,563,471 | |||||||||
IHS Markit Ltd. (United Kingdom)(b) | 4.75 | % | 8/1/2028 | 21,574 | 25,704,666 | |||||||||
Johns Hopkins University | 2.813 | % | 1/1/2060 | 10,114 | 10,751,655 | |||||||||
Maxim Crane Works Holdings Capital LLC† | 10.125 | % | 8/1/2024 | 16,120 | 16,383,643 | |||||||||
Metropolitan Museum of Art (The) | 3.40 | % | 7/1/2045 | 26,471 | 32,519,246 | |||||||||
Presidio Holdings, Inc.† | 4.875 | % | 2/1/2027 | 16,307 | 16,554,377 | |||||||||
Quanta Services, Inc. | 2.90 | % | 10/1/2030 | 15,040 | 15,372,994 | |||||||||
Ritchie Bros Auctioneers, Inc. (Canada)†(b) | 5.375 | % | 1/15/2025 | 13,118 | 13,527,937 | |||||||||
Uber Technologies, Inc.† | 8.00 | % | 11/1/2026 | 20,289 | 21,628,074 | |||||||||
United Rentals North America, Inc. | 4.875 | % | 1/15/2028 | 21,596 | 22,702,795 | |||||||||
United Rentals North America, Inc. | 5.875 | % | 9/15/2026 | 6,713 | 7,081,309 | |||||||||
Verisk Analytics, Inc. | 3.625 | % | 5/15/2050 | 15,070 | 17,192,700 | |||||||||
WeWork Cos., Inc.† | 7.875 | % | 5/1/2025 | 46,208 | 29,601,538 | |||||||||
Total | 337,444,100 | |||||||||||||
Technology Hardware & Equipment 0.76% | ||||||||||||||
Apple, Inc. | 1.80 | % | 9/11/2024 | 22,440 | 23,493,732 | |||||||||
Apple, Inc. | 3.00 | % | 6/20/2027 | 26,927 | 30,399,091 | |||||||||
CDW LLC/CDW Finance Corp. | 4.125 | % | 5/1/2025 | 7,171 | 7,394,843 | |||||||||
CDW LLC/CDW Finance Corp. | 4.25 | % | 4/1/2028 | 4,583 | 4,751,127 | |||||||||
CDW LLC/CDW Finance Corp. | 5.50 | % | 12/1/2024 | 15,000 | 16,453,125 | |||||||||
Motorola Solutions, Inc. | 4.60 | % | 5/23/2029 | 17,963 | 21,216,022 | |||||||||
Western Digital Corp. | 4.75 | % | 2/15/2026 | 32,314 | 34,939,512 | |||||||||
Total | 138,647,452 | |||||||||||||
Telecommunications Equipment 0.11% | ||||||||||||||
Xiaomi Best Time International Ltd. (Hong Kong)†(b) | 3.375 | % | 4/29/2030 | 19,734 | 20,670,773 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. September 30, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | ||||||||||
Telecommunications: Satellite 0.28% | ||||||||||||||
Connect Finco SARL/Connect US Finco LLC (Luxembourg)†(b) | 6.75 | % | 10/1/2026 | $ | 29,167 | $ | 29,304,085 | |||||||
Hughes Satellite Systems Corp. | 5.25 | % | 8/1/2026 | 21,000 | 22,401,120 | |||||||||
Total | 51,705,205 | |||||||||||||
Telecommunications: Wireless 1.80% | ||||||||||||||
American Tower Corp. | 2.95 | % | 1/15/2025 | 44,909 | 48,535,464 | |||||||||
Crown Castle International Corp. | 4.15 | % | 7/1/2050 | 11,119 | 12,725,562 | |||||||||
SBA Communications Corp.† | 3.875 | % | 2/15/2027 | 40,849 | 41,512,796 | |||||||||
Sprint Capital Corp. | 6.875 | % | 11/15/2028 | 99,783 | 124,450,355 | |||||||||
T-Mobile USA, Inc.† | 3.50 | % | 4/15/2025 | 10,684 | 11,733,382 | |||||||||
T-Mobile USA, Inc.† | 3.875 | % | 4/15/2030 | 16,027 | 18,243,214 | |||||||||
T-Mobile USA, Inc.† | 4.50 | % | 4/15/2050 | 11,073 | 13,330,065 | |||||||||
T-Mobile USA, Inc. | 6.50 | % | 1/15/2026 | 16,855 | 17,634,544 | |||||||||
Vmed O2 UK Financing I plc (United Kingdom)†(b) | 4.25 | % | 1/31/2031 | 40,933 | 41,828,409 | |||||||||
Total | 329,993,791 | |||||||||||||
Telecommunications: Wireline Integrated & Services 2.33% | ||||||||||||||
Altice Financing SA (Luxembourg)†(b) | 7.50 | % | 5/15/2026 | 38,191 | 40,474,058 | |||||||||
Altice France Holding SA (Luxembourg)†(b) | 6.00 | % | 2/15/2028 | 13,128 | 12,545,708 | |||||||||
Altice France Holding SA (Luxembourg)†(b) | 10.50 | % | 5/15/2027 | 22,837 | 25,420,436 | |||||||||
Altice France SA (France)†(b) | 7.375 | % | 5/1/2026 | 46,103 | 48,359,742 | |||||||||
Altice France SA (France)†(b) | 8.125 | % | 2/1/2027 | 39,761 | 43,373,486 | |||||||||
CyrusOne LP/CyrusOne Finance Corp. | 2.90 | % | 11/15/2024 | 9,245 | 9,817,589 | |||||||||
DKT Finance ApS (Denmark)†(b) | 9.375 | % | 6/17/2023 | 19,351 | 20,028,285 | |||||||||
Equinix, Inc.(i) | 2.875 | % | 2/1/2026 | EUR | 51,088 | 61,200,838 | ||||||||
Hellas Telecommunications Luxembourg II SCA (Luxembourg)†(b)(g) | 6.054%(3 Mo. LIBOR + 5.75 | %)# | 1/15/2015 | $ | 15,000 | 1,500 | (d) | |||||||
Motorola Solutions, Inc. | 4.60 | % | 2/23/2028 | 15,034 | 17,555,243 | |||||||||
Verizon Communications, Inc. | 2.625 | % | 8/15/2026 | 54,987 | 60,068,969 | |||||||||
VTR Comunicaciones SpA (Chile)†(b) | 5.125 | % | 1/15/2028 | 35,429 | 36,686,729 | |||||||||
Windstream Escrow LLC/Windstream Escrow Finance Corp.† | 7.75 | % | 8/15/2028 | 18,090 | 17,818,650 | |||||||||
Zayo Group Holdings, Inc.† | 4.00 | % | 3/1/2027 | 16,659 | 16,417,944 | |||||||||
Zayo Group Holdings, Inc.† | 6.125 | % | 3/1/2028 | 16,702 | 17,241,976 | |||||||||
Total | 427,011,153 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. September 30, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | ||||||||||
Tobacco 0.06% | ||||||||||||||
BAT Capital Corp. | 4.70 | % | 4/2/2027 | $ | 10,362 | $ | 11,904,689 | |||||||
Transportation: Infrastructure/Services 1.08% | ||||||||||||||
Adani Ports & Special Economic Zone Ltd. (India)†(b) | 4.375 | % | 7/3/2029 | 26,773 | 26,991,468 | |||||||||
Aeropuerto Internacional de Tocumen SA (Panama)†(b) | 6.00 | % | 11/18/2048 | 22,251 | 24,838,126 | |||||||||
Autopistas del Sol SA (Costa Rica)†(b) | 7.375 | % | 12/30/2030 | 16,472 | 15,130,322 | |||||||||
Autoridad del Canal de Panama (Panama)†(b) | 4.95 | % | 7/29/2035 | 8,750 | 10,920,481 | |||||||||
CH Robinson Worldwide, Inc. | 4.20 | % | 4/15/2028 | 20,351 | 23,763,672 | |||||||||
Mersin Uluslararasi Liman Isletmeciligi AS (Turkey)†(b) | 5.375 | % | 11/15/2024 | 30,508 | 31,138,699 | |||||||||
Rumo Luxembourg Sarl (Luxembourg)†(b) | 5.25 | % | 1/10/2028 | 17,003 | 17,712,110 | |||||||||
Stena AB (Sweden)†(b) | 7.00 | % | 2/1/2024 | 18,962 | 18,594,991 | |||||||||
XPO Logistics, Inc.† | 6.25 | % | 5/1/2025 | 26,723 | 28,510,101 | |||||||||
Total | 197,599,970 | |||||||||||||
Trucking & Delivery 0.18% | ||||||||||||||
FedEx Corp. 2020-1 Class AA Pass Through Trust | 1.875 | % | 2/20/2034 | 31,596 | 32,209,955 | |||||||||
Total High Yield Corporate Bonds (cost $12,813,917,334) | 13,518,259,161 | |||||||||||||
MUNICIPAL BONDS 2.89% | ||||||||||||||
Air Transportation 0.19% | ||||||||||||||
Miami Dade Cnty, FL | 3.982 | % | 10/1/2041 | 13,915 | 14,724,436 | |||||||||
Miami-Dade Cnty, FL | 4.28 | % | 10/1/2041 | 18,040 | 19,468,046 | |||||||||
Total | 34,192,482 | |||||||||||||
Education 0.77% | ||||||||||||||
California State Univ | 3.899 | % | 11/1/2047 | 33,030 | 40,221,952 | |||||||||
Ohio Univ | 5.59 | % | 12/1/2114 | 11,104 | 15,640,983 | |||||||||
Permanent University Fund - Texas A&M University System | 3.66 | % | 7/1/2047 | 46,015 | 50,668,037 | |||||||||
Univ of California Bd of Regents | 6.548 | % | 5/15/2048 | 12,463 | 20,311,948 | |||||||||
University of California Bond of Regents | 3.006 | % | 5/15/2050 | 12,835 | 13,898,380 | |||||||||
Total | 140,741,300 | |||||||||||||
General Obligation 0.74% | ||||||||||||||
California | 7.55 | % | 4/1/2039 | 15,015 | 26,302,526 | |||||||||
Chicago Transit Authority Sales Tax Receipts Fund | 6.899 | % | 12/1/2040 | 11,826 | 16,885,282 | |||||||||
City of Portland | 7.701 | % | 6/1/2022 | 11,950 | 12,966,348 | |||||||||
District of Columbia | 5.591 | % | 12/1/2034 | 14,130 | 19,312,319 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. September 30, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | ||||||||||
General Obligation (continued) | ||||||||||||||
Honolulu HI City & Cnty, | 5.418 | % | 12/1/2027 | $ | 6,620 | $ | 8,601,896 | |||||||
Los Angeles Unif Sch Dist, CA | 5.75 | % | 7/1/2034 | 12,497 | 17,465,182 | |||||||||
Massachusetts | 4.20 | % | 12/1/2021 | 6,620 | 6,804,433 | |||||||||
Pennsylvania | 5.45 | % | 2/15/2030 | 12,190 | 15,568,824 | |||||||||
The Bd of Governors of the Univ of North Carolina | 3.847 | % | 12/1/2034 | 9,595 | 11,944,720 | |||||||||
Total | 135,851,530 | |||||||||||||
Government Guaranteed 0.03% | ||||||||||||||
City & County of San Francisco CA | 5.45 | % | 6/15/2025 | 4,540 | 5,523,273 | |||||||||
Lease Obligation 0.04% | ||||||||||||||
Wisconsin | 3.294 | % | 5/1/2037 | 7,145 | 8,236,184 | |||||||||
Miscellaneous 0.51% | ||||||||||||||
Dallas Convention Center Hotel Dev Corp., TX | 7.088 | % | 1/1/2042 | 17,795 | 23,882,136 | |||||||||
New York City Indl Dev Agy† | 11.00 | % | 3/1/2029 | 19,878 | 27,393,474 | |||||||||
Pasadena Public Fing Auth | 7.148 | % | 3/1/2043 | 26,795 | 42,054,216 | (a) | ||||||||
Total | 93,329,826 | |||||||||||||
Tax Revenue 0.22% | ||||||||||||||
Massachusetts Sch Bldg Auth | 5.715 | % | 8/15/2039 | 20,055 | 29,762,422 | |||||||||
Memphis-Shelby County Industrial Development Board, TN | 7.00 | % | 7/1/2045 | 12,890 | 11,511,673 | |||||||||
Total | 41,274,095 | |||||||||||||
Transportation 0.06% | ||||||||||||||
Foothill-Eastern Transportation Corridor Agency | 4.094 | % | 1/15/2049 | 10,790 | 11,465,022 | |||||||||
Transportation: Infrastructure/Services 0.22% | ||||||||||||||
Chicago Transit Authority Sales Tax Receipts Fund | 6.20 | % | 12/1/2040 | 12,385 | 16,986,399 | |||||||||
Port of Seattle, WA | 3.571 | % | 5/1/2032 | 7,305 | 7,811,237 | |||||||||
Port of Seattle, WA | 3.755 | % | 5/1/2036 | 13,905 | 14,714,410 | |||||||||
Total | 39,512,046 | |||||||||||||
Utilities 0.11% | ||||||||||||||
San Antonio, TX | 5.718 | % | 2/1/2041 | 13,240 | 19,534,031 | |||||||||
Total Municipal Bonds (cost $468,439,192) | 529,659,789 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. September 30, 2020
Investments | Interest Rate | Maturity Date | Principal Amount (000) | Fair Value | ||||||||||
NON-AGENCY COMMERCIAL MORTGAGE-BACKED SECURITIES 1.78% | ||||||||||||||
Angel Oak Mortgage Trust 2020-1 A1† | 2.466 | %#(l) | 12/25/2059 | $ | 8,297 | $ | 8,389,727 | |||||||
BBCMS Mortgage Trust 2018-C2 C | 5.135 | %#(l) | 12/15/2051 | 15,628 | 17,058,212 | |||||||||
BBCMS Mortgage Trust 2019-BWAY A† | 1.108%(1 Mo. LIBOR + .96 | %)# | 11/25/2034 | 25,000 | 24,327,137 | |||||||||
Benchmark Mortgage Trust 2019-B12 WMA† | 4.388 | %#(l) | 8/15/2052 | 35,544 | 34,468,794 | (a) | ||||||||
CF Trust 2019-BOSS A1† | 3.402%(1 Mo. LIBOR + 3.25 | %)# | 12/15/2021 | 18,200 | 16,809,621 | (a) | ||||||||
Citigroup Commercial Mortgage Trust 2016-P3 D† | 2.804 | %#(l) | 4/15/2049 | 9,991 | 6,307,976 | |||||||||
COMM Mortgage Trust 2014-UBS5 AM | 4.193 | %#(l) | 9/10/2047 | 17,906 | 19,673,430 | |||||||||
Credit Suisse Mortgage Capital Certificates 2019-ICE4 D† | 1.752%(1 Mo. LIBOR + 1.60 | %)# | 5/15/2036 | 14,076 | 13,972,909 | |||||||||
Credit Suisse Mortgage Capital Certificates 2020-AFC1 A1† | 2.24 | %#(l) | 2/25/2050 | 19,108 | 19,410,822 | |||||||||
Deephaven Residential Mortgage Trust 2020-1 A1† | 2.339 | %#(l) | 1/25/2060 | 11,678 | 11,812,036 | |||||||||
GCAT Trust 2020-NQM1 A1† | 2.247 | % | 1/25/2060 | 9,314 | 9,526,187 | |||||||||
Great Wolf Trust 2019-WOLF A† | 1.186%(1 Mo. LIBOR + 1.03 | %)# | 12/15/2036 | 49,981 | 48,353,624 | |||||||||
JPMCC Commercial Mortgage Securities Trust 2017-JP5 | 4.025 | %#(l) | 3/15/2050 | 8,806 | 8,273,016 | |||||||||
New Residential Mortgage Loan Trust 2020-NQM1 A1† | 2.464 | %#(l) | 1/26/2060 | 7,609 | 7,716,970 | |||||||||
PFP Ltd. 2019-6 A† | 1.202%(1 Mo. LIBOR + 1.05 | %)# | 4/14/2037 | 25,000 | 24,191,646 | |||||||||
PFP Ltd. 2019-6 C† | 2.252%(1 Mo. LIBOR + 2.10 | %)# | 4/14/2037 | 27,054 | 25,720,382 | |||||||||
Residential Mortgage Loan Trust 2020-1 A1† | 2.376 | %#(l) | 2/25/2024 | 5,480 | 5,574,386 | |||||||||
Starwood Mortgage Residential Trust 2020-1 A1† | 2.275 | %#(l) | 2/25/2050 | 11,822 | 12,050,797 | |||||||||
Verus Securitization Trust 2020-1 A1† | 2.417 | % | 1/25/2060 | 13,524 | 13,827,038 | |||||||||
Total Non-Agency Commercial Mortgage-Backed Securities (cost $330,110,144) | 327,464,710 | |||||||||||||
Dividend Rate | Shares (000) | |||||||||||||
PREFERRED STOCKS 0.06% | ||||||||||||||
ENERGY: EXPLORATION & PRODUCTION 0.00% | ||||||||||||||
Templar Energy LLC | Zero Coupon | 444 | 1 | (a) | ||||||||||
TRANSPORTATION: INFRASTRUCTURE/SERVICES 0.06% | ||||||||||||||
ACBL Holdings Corp. Series A | Zero Coupon | 167 | 4,468,801 | |||||||||||
ACBL Holdings Corp. Series B | Zero Coupon | 205 | 6,716,010 | |||||||||||
Total Preferred Stocks (cost $13,167,468) | 11,184,812 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. September 30, 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 $17,099,494,520) | 18,015,420,440 | |||||||||||||
Principal Amount (000) | ||||||||||||||
SHORT-TERM INVESTMENTS 0.78% | ||||||||||||||
REPURCHASE AGREEMENT 0.61% | ||||||||||||||
Repurchase Agreement dated 9/30/2020, 0.00% due 10/1/2020 with Fixed Income Clearing Corp. collateralized by $13,721,300 of U.S. Treasury Note at 1.875% due 05/31/2022; $96,547,300 of U.S. Treasury Note at 1.75% due 06/15/2022; value: $113,897,289; proceeds: $111,663,908 (cost $111,663,908) | $ | 111,664 | 111,663,908 | |||||||||||
Shares | ||||||||||||||
Money Market Fund 0.15% | ||||||||||||||
Fidelity Government Portfolio(m) (cost $27,927,882) | 27,927,882 | 27,927,882 | ||||||||||||
Time Deposit 0.02% | ||||||||||||||
CitiBank N.A.(m) (cost $3,103,098) | 3,103,098 | 3,103,098 | ||||||||||||
Total Short-Term Investments (cost $142,694,888) | 142,694,888 | |||||||||||||
Total Investments in Securities 98.93% (cost $17,242,189,408) | 18,158,115,328 | |||||||||||||
Cash, Foreign Cash, Securities Lending and Other Assets in Excess Liabilities(n) 1.07% | 196,383,943 | |||||||||||||
Net Assets 100.00% | $ | 18,354,499,271 |
AUD | Australian 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 September 30, 2020, the total value of Rule 144A securities was $7,847,875,063, which represents 42.76% of net assets. |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. September 30, 2020
# | Variable rate security. The interest rate represents the rate in effect at September 30, 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) | Foreign security traded in U.S. dollars. |
(c) | All or a portion of this security is temporarily on loan to unaffiliated broker/dealers. |
(d) | Level 3 Investment as described in Note 2(b) in the Notes to Financials. Security fair valued by the Pricing Committee. |
(e) | 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 September 30, 2020. |
(f) | Interest rate to be determined. |
(g) | Defaulted (non-income producing security). |
(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) | Investment in non-U.S. dollar denominated securities. |
(j) | Securities purchased on a when-issued basis. |
(k) | Security is perpetual in nature and has no stated maturity. |
(l) | Interest rate is based on the weighted average interest rates of the underlying mortgages within the mortgage pool. |
(m) | Security was purchased with the cash collateral from loaned securities. |
(n) | Cash, Foreign Cash, Securities Lending 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 September 30, 2020 (1):
Referenced Index | Central Clearingparty | Fund Pays (Quarterly) | Termination Date | Notional Amount | Notional Value | Payments Upfront(2) | Unrealized Appreciation(3) | |||||||||||||||||
Markit CDX.NA.IG.34(4)(5) | Credit Suisse | 1.00 | % | 6/20/2025 | $ | 9,720,000 | $ | (9,788,839 | ) | $ | (68,839 | ) | $ | 32,821 |
(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. |
(2) | Upfront payments received by Central Clearingparty are presented net of amortization. |
(3) | Total unrealized appreciation on Credit Default Swaps on Issuers amounted to $32,821. Total unrealized depreciation on Credit Default Swaps on Issuers amounted to $0. |
(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 investment grade securities. |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. September 30, 2020
Credit Default Swaps on Indexes - Sell Protection at September 30, 2020 (1):
Referenced Index | Swap Counterparty | Fund Receives (Quarterly) | Termination Date | Notional Amount | Notional Value | Payments Upfront(2) | Unrealized Depreciation(3) | Credit Default Swap Agreements Payable at Fair Value(4) | ||||||||||||||||||||
Markit CMBX NA.BBB.9(5) | Credit Suisse | 3.00 | % | 9/17/2058 | $ | 5,718,000 | $ | 4,212,852 | $ | (246,061 | ) | $ | (1,259,087 | ) | $ | (1,505,148 | ) | |||||||||||
Markit CMBX NA.BBB.9(5) | Deutsche Bank | 3.00 | % | 9/17/2058 | 23,068,000 | 16,995,813 | (992,678 | ) | (5,079,509 | ) | (6,072,187 | ) | ||||||||||||||||
Markit CMBX NA.BBB.9(5) | Goldman Sachs | 3.00 | % | 9/17/2058 | 13,539,000 | 9,975,130 | (582,620 | ) | (2,981,250 | ) | (3,563,870 | ) | ||||||||||||||||
Total | $ | (1,821,359 | ) | $ | (9,319,846 | ) | $ | (11,141,205 | ) |
(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 amounted to $0. Total unrealized depreciation on Credit Default Swaps on Indexes amounted to $(9,319,846). |
(4) | Includes upfront payments received. |
(5) | The Referenced Index is for the Credit Default Swaps on Indexes, which is comprised of a basket of commercial mortgage backed securities |
Open Forward Foreign Currency Exchange Contracts at September 30, 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 | |||||||||||||||
Australian dollar | Sell | State Street Bank and Trust | 11/27/2020 | 41,000,000 | $ | 29,375,955 | $ | 29,370,341 | $ | 5,614 | ||||||||||||
British pound | Sell | State Street Bank and Trust | 12/8/2020 | 15,457,000 | 20,646,535 | 19,952,319 | 694,216 | |||||||||||||||
Euro | Sell | Credit Agricole CIB | 12/4/2020 | 175,739,000 | 208,450,179 | 206,317,694 | 2,132,485 | |||||||||||||||
Unrealized Appreciation on Forward Foreign Currency Exchange Contracts | $ | 2,832,315 | ||||||||||||||||||||
Forward Foreign Currency Exchange Contracts | Transaction Type | Counterparty | Expiration Date | Foreign Currency | U.S. $ Cost on Origination Date | U.S. $ Current Value | Unrealized Depreciation | |||||||||||||||
Euro | Buy | State Street Bank and Trust | 12/4/2020 | 4,740,000 | $ | 5,572,152 | $ | 5,564,763 | $ | (7,389 | ) |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. September 30, 2020
Open Futures Contracts at September 30, 2020: | ||||||||||||||||||||
Type | Expiration | Contracts | Position | Notional Amount | Notional Value | Unrealized Appreciation | ||||||||||||||
U.S. 2-Year Treasury Note | December 2020 | 22,480 | Long | $ | 4,964,109,358 | $ | 4,967,201,886 | $ | 3,092,528 | |||||||||||
Type | Expiration | Contracts | Position | Notional Amount | Notional Value | Unrealized Appreciation | ||||||||||||||
U.S. 5-Year Treasury Note | December 2020 | 13,862 | Long | $ | 1,744,458,373 | $ | 1,747,045,188 | $ | 2,586,815 | |||||||||||
U.S. Long Bond | December 2020 | 167 | Long | 29,430,330 | 29,438,969 | 8,639 | ||||||||||||||
Total Unrealized Appreciation on Open Futures Contracts | $ | 5,687,982 | ||||||||||||||||||
Type | Expiration | Contracts | Position | Notional Amount | Notional Value | Unrealized Depreciation | ||||||||||||||
Euro-Bobl | December 2020 | 49 | Short | EUR | (6,621,283 | ) | EUR | (6,623,330 | ) | $ | (2,400 | ) | ||||||||
U.S. 10-Year Treasury Note | December 2020 | 6,777 | Short | $ | (942,943,851 | ) | $ | (945,603,281 | ) | (2,659,430 | ) | |||||||||
U.S. 10-Year Ultra Treasury Bond | December 2020 | 4,095 | Short | (649,969,989 | ) | (654,880,078 | ) | (4,910,089 | ) | |||||||||||
U.S. Ultra Treasury Bond | December 2020 | 4,311 | Short | (940,532,724 | ) | (956,233,688 | ) | (15,700,964 | ) | |||||||||||
Total Unrealized Depreciation on Open Futures Contracts | $ | (23,272,883 | ) |
The following is a summary of the inputs used as of September 30, 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 | $ | — | $ | 652,805,875 | $ | 9,824,906 | $ | 662,630,781 | ||||||||
Remaining Industries | — | 39,015,683 | — | 39,015,683 | ||||||||||||
Common Stocks | ||||||||||||||||
Auto Parts & Equipment | — | 4,552,927 | — | 4,552,927 | ||||||||||||
Energy: Exploration & Production | — | 16,673 | — | 16,673 | ||||||||||||
Media: Content | 38,279,797 | — | 3,716,975 | 41,996,772 | ||||||||||||
Personal & Household Products | 39,521,852 | 472,157 | 12,560,985 | 52,554,994 | ||||||||||||
Specialty Retail | 79,075,127 | 6,331,126 | — | 85,406,253 | ||||||||||||
Transportation: Infrastructure/Services | — | 1,807,104 | — | 1,807,104 | ||||||||||||
Remaining Industries | 1,275,205,587 | — | — | 1,275,205,587 | ||||||||||||
Convertible Bond | — | 62,705,047 | — | 62,705,047 | ||||||||||||
Floating Rate Loans | ||||||||||||||||
Personal & Household Products | — | 32,445,175 | 234,524 | 32,679,699 | ||||||||||||
Support: Services | — | 59,861,156 | 19,317,848 | 79,179,004 | ||||||||||||
Remaining Industries | — | 781,312,054 | — | 781,312,054 | ||||||||||||
Foreign Government Obligations | — | 509,787,739 | — | 509,787,739 | ||||||||||||
High Yield Corporate Bonds | ||||||||||||||||
Agency | — | — | 32,336,845 | 32,336,845 | ||||||||||||
Automakers | — | 413,620,892 | 1,500 | 413,622,392 | ||||||||||||
Banking | — | 933,075,221 | 2,250 | 933,077,471 | ||||||||||||
Metals/Mining (Excluding Steel) | — | 261,624,306 | 19 | 261,624,325 | ||||||||||||
Telecommunications: Wireline Integrated & Services | — | 427,009,653 | 1,500 | 427,011,153 | ||||||||||||
Remaining Industries | — | 11,450,586,975 | — | 11,450,586,975 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT BOND-DEBENTURE FUND, INC. September 30, 2020
Investment Type(2) | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Municipal Bonds | ||||||||||||||||
Miscellaneous | $ | — | $ | 460,212,099 | $ | 42,054,216 | $ | 502,266,315 | ||||||||
Other Revenue | — | 27,393,474 | — | 27,393,474 | ||||||||||||
Non-Agency Commercial Mortgage-Backed Securities | — | 276,186,295 | 51,278,415 | 327,464,710 | ||||||||||||
Preferred Stocks | — | 11,184,811 | 1 | 11,184,812 | ||||||||||||
Warrant | — | — | 1,651 | 1,651 | ||||||||||||
Short-Term Investments | ||||||||||||||||
Money Market Funds | 27,927,882 | — | — | 27,927,882 | ||||||||||||
Repurchase Agreement | — | 111,663,908 | — | 111,663,908 | ||||||||||||
Time Deposit | — | 3,103,098 | — | 3,103,098 | ||||||||||||
Total | $ | 1,460,010,245 | $ | 16,526,773,448 | $ | 171,331,635 | $ | 18,158,115,328 | ||||||||
Other Financial Instruments | ||||||||||||||||
Centrally Cleared Credit Default Swap Contracts | ||||||||||||||||
Assets | $ | — | $ | — | $ | — | $ | — | ||||||||
Liabilities | — | 32,821 | — | 32,821 | ||||||||||||
Credit Default Swap Contracts | ||||||||||||||||
Liabilities | — | (11,141,205 | ) | — | (11,141,205 | ) | ||||||||||
Forward Foreign Currency Exchange Contracts | ||||||||||||||||
Assets | — | 2,832,315 | — | 2,832,315 | ||||||||||||
Liabilities | — | (7,389 | ) | — | (7,389 | ) | ||||||||||
Futures Contracts | ||||||||||||||||
Assets | 5,687,982 | — | — | 5,687,982 | ||||||||||||
Liabilities | (23,272,883 | ) | — | — | (23,272,883 | ) | ||||||||||
Total | $ | (17,584,901 | ) | $ | (8,283,458 | ) | $ | — | $ | (25,868,359 | ) |
(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. September 30, 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 | Municipal Bonds | Non-Agency Commercial Mortgage- Backed Securities | Preferred Stock | Warrants | ||||||||||||||||||||||||
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) | — | — | 70,878 | — | (170,631 | ) | 9,004 | — | — | |||||||||||||||||||||||
Realized Gain (Loss) | (534,204 | ) | — | (597,391 | ) | — | — | — | — | — | ||||||||||||||||||||||
Change in Unrealized Appreciation (Depreciation) | (486,711 | ) | 1,785,090 | (33,608 | ) | (285,541 | ) | 1,216,707 | (2,573,413 | ) | 1 | — | ||||||||||||||||||||
Purchases | — | — | 18,597,537 | 32,622,386 | — | — | — | |||||||||||||||||||||||||
Sales | (6,418,606 | ) | — | (16,552,464 | ) | — | — | — | — | — | ||||||||||||||||||||||
Transfers into Level 3 | 6,822,888 | — | — | — | 41,008,140 | — | — | — | ||||||||||||||||||||||||
Transfers out of Level 3 | — | (33,346 | ) | (86,111,005 | ) | — | — | — | — | — | ||||||||||||||||||||||
Balance as of September 30, 2020 | $ | 9,824,906 | $ | 16,277,960 | $ | 19,552,372 | $ | 32,342,114 | $ | 42,054,216 | $ | 51,278,415 | $ | 1 | $ | 1,651 | ||||||||||||||||
Change in unrealized appreciation/depreciation for the period ended September 30, 2020, related to Level 3 investments held at September 30, 2020 | $ | (486,711 | ) | $ | 1,785,090 | $ | 36,332 | $ | (285,541 | ) | $ | 1,216,707 | $ | (2,573,413 | ) | $ | 1 | $ | — |
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 September 30, 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.
4. SECURITIES LENDING AGREEMENT
The Fund has established a securities lending agreement with Citibank, N.A. (the “agent”) for the lending of securities to qualified brokers in exchange for securities or cash collateral equal to at least the market value of securities loaned, plus interest, if applicable. Cash collateral is invested in an approved money market fund. In accordance with the Fund’s securities lending agreement, the market value of securities on loan is determined each day at the close of business and any additional collateral required to cover the value of securities on loan is delivered to the Fund on the next business day. As with other extensions of credit, the Fund may experience a delay in the recovery of its securities or incur a loss should the borrower of the securities breach its agreement with the Fund or become insolvent at a time when the collateral is insufficient to cover the cost of repurchasing securities on loan.
The initial collateral received by the Fund is required to have a value equal to at least 100% of the market value of the securities loaned. The collateral must be marked-to-market daily to cover increases in the market value of the securities loaned (or potentially a decline in the value of the collateral). In general, the risk of borrower default will be borne by the Fund’s agent; the Fund will bear the risk of loss with respect to the investment of the cash collateral. The advantage of such loans is that the Fund continues to receive income on loaned securities while receiving a portion of any securities lending fees and earning returns on the cash amounts which may be reinvested for the purchase of investments in securities.
As of September 30, 2020, the market value of securities loaned and collateral received for the Fund was as follows:
Market Value of Securities Loaned | Collateral Received | ||
$ 31,365,913 | $ 31,030,980 |