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Lord Abbett
Quarterly Portfolio Holdings Report
Lord Abbett
Bond Debenture Portfolio
Developing Growth Portfolio
Dividend Growth Portfolio
Fundamental Equity Portfolio
Growth and Income Portfolio
Growth Opportunities Portfolio
Mid Cap Stock Portfolio
Short Duration Income Portfolio
Total Return Portfolio
For the period ended March 31, 2024
Schedule of Investments (unaudited)
LORD ABBETT SERIES FUND, INC. – BOND DEBENTURE PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount‡ | | | Fair Value | |
LONG-TERM INVESTMENTS 109.10% | | | | | | | | | | | | |
| | | | | | | | | | | | |
ASSET-BACKED SECURITIES 5.70% | | | | | | | | | | | | |
| | | | | | | | | | | | |
Automobiles 1.39% | | | | | | | | | | | | |
Carvana Auto Receivables Trust Series NP1 2020-N1A Class E† | | 5.20% | | 7/15/2027 | | $ | 1,250,000 | | | $ | 1,224,757 | |
Credit Acceptance Auto Loan Trust Series 2023-3A Class A† | | 6.39% | | 8/15/2033 | | | 945,000 | | | | 958,935 | |
Exeter Automobile Receivables Trust Series 2023-5A Class B | | 6.58% | | 4/17/2028 | | | 1,815,000 | | | | 1,840,596 | |
Flagship Credit Auto Trust Series 2023-1 Class B† | | 5.05% | | 1/18/2028 | | | 425,000 | | | | 420,874 | |
Flagship Credit Auto Trust Series 2023-1 Class C† | | 5.43% | | 5/15/2029 | | | 470,000 | | | | 466,239 | |
Ford Credit Auto Lease Trust Series 2023-A Class B | | 5.29% | | 6/15/2026 | | | 1,150,000 | | | | 1,145,507 | |
Ford Credit Auto Lease Trust Series 2023-A Class C | | 5.54% | | 12/15/2026 | | | 1,385,000 | | | | 1,377,767 | |
Santander Drive Auto Receivables Trust Series 2023-1 Class C | | 5.09% | | 5/15/2030 | | | 1,740,000 | | | | 1,721,521 | |
Santander Drive Auto Receivables Trust Series 2023-3 Class C | | 5.77% | | 11/15/2030 | | | 1,900,000 | | | | 1,916,127 | |
Westlake Automobile Receivables Trust Series 2021-1A Class F† | | 3.91% | | 9/15/2027 | | | 3,118,000 | | | | 3,045,185 | |
Westlake Automobile Receivables Trust Series 2024-1 Class D† | | 6.02% | | 10/15/2029 | | | 1,310,000 | | | | 1,314,868 | |
Total | | | | | | | | | | | 15,432,376 | |
| | | | | | | | | | | | |
Credit Card 0.12% | | | | | | | | | | | | |
Genesis Sales Finance Master Trust Series 2021-AA Class A† | | 1.20% | | 12/21/2026 | | | 1,298,000 | | | | 1,254,110 | |
| | | | | | | | | | | | |
Home Equity 0.13% | | | | | | | | | | | | |
Towd Point Mortgage Trust Series 2024-CES1 Class A1A† | | 5.848% | #(a) | 1/25/2064 | | | 1,420,421 | | | | 1,421,984 | |
| | | | | | | | | | | | |
Other 4.03% | | | | | | | | | | | | |
Affirm Asset Securitization Trust Series 2023-A Class 1A† | | 6.61% | | 1/18/2028 | | | 3,245,000 | | | | 3,265,560 | |
Affirm Asset Securitization Trust Series 2023-B Class A† | | 6.82% | | 9/15/2028 | | | 1,725,000 | | | | 1,751,751 | |
Affirm Asset Securitization Trust Series 2024-A Class A† | | 5.61% | | 2/15/2029 | | | 835,000 | | | | 833,632 | |
| | |
| See Notes to Schedule of Investments. | 1 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – BOND DEBENTURE PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount‡ | | | Fair Value | |
Other (continued) | | | | | | | | | | | | |
AGL CLO 28 Ltd. Series 2023-28A Class D† | | 10.153% (3 mo. USD Term SOFR + 4.85% | )# | 1/21/2037 | | $ | 730,000 | | | $ | 734,936 | |
Anchorage Capital CLO 28 Ltd. Series 2024-28A Class C† | | 7.985% (3 mo. USD Term SOFR + 2.70% | )# | 4/20/2037 | | | 750,000 | | | | 749,844 | |
Arbor Realty Commercial Real Estate Notes Ltd. Series 2021-FL2 Class A† | | 6.54% (1 mo. USD Term SOFR + 1.21% | )# | 5/15/2036 | | | 527,859 | | | | 526,622 | |
Arbor Realty Commercial Real Estate Notes Ltd. Series 2022-FL2 Class A† | | 7.175% (1 mo. USD Term SOFR + 1.85% | )# | 5/15/2037 | | | 1,410,000 | | | | 1,410,007 | |
Avant Loans Funding Trust Series 2021-REV1 Class A† | | 1.21% | | 7/15/2030 | | | 41,667 | | | | 41,613 | |
Ballyrock CLO 20 Ltd. Series 2022-20A Class BR† | | 7.914% (3 mo. USD Term SOFR + 2.60% | )# | 7/15/2034 | | | 450,000 | | | | 450,672 | |
Ballyrock CLO 25 Ltd. Series 2023-25A Class C† | | 10.024% (3 mo. USD Term SOFR + 4.70% | )# | 1/25/2036 | | | 520,000 | | | | 526,394 | |
Ballyrock CLO Ltd. Series 2019-1A Class A1R† | | 6.606% (3 mo. USD Term SOFR + 1.29% | )# | 7/15/2032 | | | 450,000 | | | | 450,777 | |
Carlyle U.S. CLO Ltd. Series 2023-4A Class C† | | 8.174% (3 mo. USD Term SOFR + 2.80% | )# | 10/25/2036 | | | 490,000 | | | | 492,679 | |
Carlyle U.S. CLO Ltd. Series 2023-5A Class D† | | 10.423% (3 mo. USD Term SOFR + 5.10% | )# | 1/27/2036 | | | 520,000 | | | | 525,299 | |
Carlyle U.S. CLO Ltd. Series 2024-1A Class C† | | 7.744% (3 mo. USD Term SOFR + 2.45% | )# | 4/15/2037 | | | 760,000 | | | | 759,757 | |
CIFC Funding Ltd. Series 2023-3A Class A† | | 6.916% (3 mo. USD Term SOFR + 1.60% | )# | 1/20/2037 | | | 2,460,000 | | | | 2,466,297 | |
CIFC Funding Ltd. Series 2023-3A Class D† | | 9.566% (3 mo. USD Term SOFR + 4.25% | )# | 1/20/2037 | | | 760,000 | | | | 765,602 | |
CIFC Funding Ltd. Series 2024-2A Class C†(b) | | 6.29% (3 mo. USD Term SOFR + 2.40% | )# | 4/22/2037 | | | 740,000 | | | | 741,983 | |
Dryden 113 CLO Ltd. Series 2022-113A Class CR† | | 8.116% (3 mo. USD Term SOFR + 2.70% | )# | 10/20/2035 | | | 540,000 | | | | 540,748 | |
| |
2 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – BOND DEBENTURE PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount‡ | | | Fair Value | |
Other (continued) | | | | | | | | | | | | |
Dryden 115 CLO Ltd. Series 2024-115A Class D† | | 9.101% (3 mo. USD Term SOFR + 3.80% | )# | 4/18/2037 | | $ | 600,000 | | | $ | 600,000 | |
Elmwood CLO 27 Ltd. Series 2024-3A Class B†(b) | | 11.00% (3 mo. USD Term SOFR + 1.95% | )# | 4/18/2037 | | | 1,200,000 | | | | 1,201,715 | |
Elmwood CLO VII Ltd. Series 2020-4A Class CR† | | 8.017% (3 mo. USD Term SOFR + 2.70% | )# | 1/17/2034 | | | 470,000 | | | | 473,213 | |
Flatiron CLO 18 Ltd. Series 2018-1A Class A† | | 6.528% (3 mo. USD Term SOFR + 1.21% | )# | 4/17/2031 | | | 1,150,303 | | | | 1,149,625 | |
Generate CLO 14 Ltd. Series 2024-14A Class B† | | 7.425% (3 mo. USD Term SOFR + 2.10% | )# | 4/22/2037 | | | 1,300,000 | | | | 1,299,925 | |
GoldenTree Loan Management U.S. CLO Ltd. Series 2022-16A Class DR† | | 10.107% (3 mo. USD Term SOFR + 4.75% | )# | 1/20/2034 | | | 720,000 | | | | 722,399 | |
Gracie Point International Funding Series 2023-1A Class A† | | 7.308% (90 day USD SOFR Average + 1.95% | )# | 9/1/2026 | | | 1,941,289 | | | | 1,956,559 | |
Halcyon Loan Advisors Funding Ltd. Series 2017-2A Class A2† | | 7.278% (3 mo. USD Term SOFR + 1.96% | )# | 1/17/2030 | | | 679,855 | | | | 682,283 | |
Hardee’s Funding LLC Series 2018-1A Class A2II† | | 4.959% | | 6/20/2048 | | | 560,583 | | | | 556,378 | (c) |
Hardee’s Funding LLC Series 2024-1A Class A2†(b) | | 7.253% | | 3/20/2054 | | | 345,000 | | | | 349,063 | |
Invesco U.S. CLO Ltd. Series 2023-4A Class D† | | 10.61% (3 mo. USD Term SOFR + 5.25% | )# | 1/18/2037 | | | 680,000 | | | | 684,396 | |
Madison Park Funding Ltd. Series 2024-58A Class B†(b) | | 5.85% (3 mo. USD Term SOFR + 1.95% | )# | 4/25/2037 | | | 600,000 | | | | 600,750 | (c) |
Madison Park Funding XIII Ltd. Series 2014-13A Class AR2† | | 6.521% (3 mo. USD Term SOFR + 1.21% | )# | 4/19/2030 | | | 480,084 | | | | 480,182 | |
Madison Park Funding XXIX Ltd. Series 2018-29A Class BR†(b) | | 7.109% (3 mo. USD Term SOFR + 1.80% | )# | 10/18/2030 | | | 1,660,000 | | | | 1,662,372 | |
Magnetite XXXIX Ltd. Series 2023-39A Class C† | | 7.935% (3 mo. USD Term SOFR + 2.55% | )# | 10/25/2033 | | | 930,000 | | | | 935,621 | |
| | |
| See Notes to Schedule of Investments. | 3 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – BOND DEBENTURE PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount‡ | | | Fair Value | |
Other (continued) | | | | | | | | | | | | |
MF1 LLC Series 2022-FL9 Class A† | | 7.476% (1 mo. USD Term SOFR + 2.15% | )# | 6/19/2037 | | $ | 2,620,000 | | | $ | 2,623,137 | |
MF1 LLC Series 2024-FL14 Class A† | | 7.063% (1 mo. USD Term SOFR + 1.74% | )# | 3/19/2039 | | | 2,490,000 | | | | 2,495,453 | |
Oaktree CLO Ltd. Series 2022-2a Class DR† | | 9.814% (3 mo. USD Term SOFR + 4.50% | )# | 7/15/2033 | | | 370,000 | | | | 371,969 | |
OCP CLO Ltd. Series 2024-31A Class D† | | 9.243% (3 mo. USD Term SOFR + 3.95% | )# | 4/20/2037 | | | 910,000 | | | | 917,436 | |
OHA Credit Funding 16 Ltd. Series 2023-16A Class C† | | 8.006% (3 mo. USD Term SOFR + 2.65% | )# | 10/20/2036 | | | 1,300,000 | | | | 1,308,303 | |
Palmer Square CLO Ltd. Series 2023-4A Class C† | | 8.013% (3 mo. USD Term SOFR + 2.60% | )# | 10/20/2033 | | | 810,000 | | | | 813,926 | |
SEB Funding LLC Series 2021-1A Class A2† | | 4.969% | | 1/30/2052 | | | 1,457,348 | | | | 1,376,773 | |
Sixth Street CLO XXIII Ltd. Series 2023-23A Class C† | | 8.072% (3 mo. USD Term SOFR + 2.70% | )# | 10/23/2036 | | | 490,000 | | | | 492,686 | |
Sixth Street CLO XXIV Ltd. Series 2024-24A Class B†(b) | | 8.579% (3 mo. USD Term SOFR + 2.00% | )# | 4/23/2037 | | | 960,000 | | | | 960,000 | |
Sunrun Demeter Issuer LLC Series 2021-2A Class A† | | 2.27% | | 1/30/2057 | | | 1,278,393 | | | | 1,045,682 | |
Texas Debt Capital CLO Ltd. Series 2024-1A Class C† | | 7.679% (3 mo. USD Term SOFR + 2.35% | )# | 4/22/2037 | | | 460,000 | | | | 459,964 | |
TICP CLO VII Ltd. Series 2017-7A Class BR2† | | 6.963% (3 mo. USD Term SOFR + 1.90% | )# | 4/15/2033 | | | 1,000,000 | | | | 1,000,011 | |
Valley Stream Park CLO Ltd. Series 2022-1A Class CR† | | 7.968% (3 mo. USD Term SOFR + 2.65% | )# | 10/20/2034 | | | 450,000 | | | | 450,646 | |
Total | | | | | | | | | | | 44,704,640 | |
| | | | | | | | | | | | |
Rec Vehicle Loan 0.03% | | | | | | | | | | | | |
Octane Receivables Trust Series 2022-2A Class A† | | 5.11% | | 2/22/2028 | | | 358,440 | | | | 356,940 | |
Total Asset-Backed Securities (cost $63,362,672) | | | | | | | | | | | 63,170,050 | |
| |
4 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – BOND DEBENTURE PORTFOLIO March 31, 2024
Investments | | Shares | | | Fair Value | |
COMMON STOCKS 7.64% | | | | | | | | |
| | | | | | | | |
Aerospace & Defense 0.10% | | | | | | | | |
Huntington Ingalls Industries, Inc. | | | 3,801 | | | $ | 1,107,877 | |
| | | | | | | | |
Automobile Components 0.07% | | | | | | | | |
Chassix Holdings, Inc. | | | 173,592 | | | | 737,767 | |
| | | | | | | | |
Banks 0.21% | | | | | | | | |
First Citizens BancShares, Inc. Class A | | | 1,447 | | | | 2,365,845 | |
| | | | | | | | |
Beverages 0.12% | | | | | | | | |
Celsius Holdings, Inc.* | | | 16,178 | | | | 1,341,480 | |
| | | | | | | | |
Biotechnology 0.10% | | | | | | | | |
Natera, Inc.* | | | 12,219 | | | | 1,117,550 | |
| | | | | | | | |
Broadline Retail 0.16% | | | | | | | | |
Amazon.com, Inc.* | | | 9,714 | | | | 1,752,211 | |
| | | | | | | | |
Building Products 0.10% | | | | | | | | |
Trane Technologies PLC (Ireland)(d) | | | 3,647 | | | | 1,094,829 | |
| | | | | | | | |
Capital Markets 0.51% | | | | | | | | |
ARES Management Corp. Class A | | | 8,347 | | | | 1,109,984 | |
Coinbase Global, Inc. Class A* | | | 8,649 | | | | 2,293,023 | |
Tradeweb Markets, Inc. Class A | | | 21,710 | | | | 2,261,531 | |
Total | | | | | | | 5,664,538 | |
| | | | | | | | |
Chemicals 0.10% | | | | | | | | |
Sherwin-Williams Co. | | | 3,338 | | | | 1,159,388 | |
| | | | | | | | |
Commercial Services & Supplies 0.11% | | | | | | | | |
Republic Services, Inc. | | | 6,239 | | | | 1,194,394 | |
| | | | | | | | |
Consumer Finance 0.10% | | | | | | | | |
American Express Co. | | | 4,853 | | | | 1,104,980 | |
| | | | | | | | |
Consumer Staples Distribution & Retail 0.20% | | | | | | | | |
Maplebear, Inc.* | | | 29,016 | | | | 1,082,007 | |
U.S. Foods Holding Corp.* | | | 21,046 | | | | 1,135,852 | |
Total | | | | | | | 2,217,859 | |
| | | | | | | | |
Diversified Consumer Services 0.10% | | | | | | | | |
Bright Horizons Family Solutions, Inc.* | | | 10,157 | | | | 1,151,398 | |
| | |
| See Notes to Schedule of Investments. | 5 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – BOND DEBENTURE PORTFOLIO March 31, 2024
Investments | | Shares | | | Fair Value | |
Electrical Equipment 0.20% | | | | | | | | |
Eaton Corp. PLC | | | 3,515 | | | $ | 1,099,070 | |
Hubbell, Inc. | | | 2,673 | | | | 1,109,429 | |
Total | | | | | | | 2,208,499 | |
| | | | | | | | |
Electric-Generation 0.00% | | | | | | | | |
Frontera Generation Holdings LLC | | | 9,472 | | | | 4,736 | |
| | | | | | | | |
Energy Equipment & Services 0.11% | | | | | | | | |
Weatherford International PLC* | | | 10,506 | | | | 1,212,602 | |
| | | | | | | | |
Entertainment 0.36% | | | | | | | | |
Netflix, Inc.* | | | 1,961 | | | | 1,190,974 | |
Nintendo Co. Ltd.(e) | | | 19,400 | | | | 1,058,553 | |
Spotify Technology SA (Sweden)*(d) | | | 6,415 | | | | 1,692,919 | |
Total | | | | | | | 3,942,446 | |
| | | | | | | | |
Financial Services 0.21% | | | | | | | | |
Fiserv, Inc.* | | | 7,540 | | | | 1,205,043 | |
PayPal Holdings, Inc.* | | | 17,084 | | | | 1,144,457 | |
Total | | | | | | | 2,349,500 | |
| | | | | | | | |
Food Products 0.10% | | | | | | | | |
McCormick & Co., Inc. | | | 14,361 | | | | 1,103,068 | |
| | | | | | | | |
Ground Transportation 0.40% | | | | | | | | |
Canadian Pacific Kansas City Ltd.(e) | | | 12,881 | | | | 1,135,712 | |
Old Dominion Freight Line, Inc. | | | 7,574 | | | | 1,661,054 | |
Uber Technologies, Inc.* | | | 20,866 | | | | 1,606,473 | |
Total | | | | | | | 4,403,239 | |
| | | | | | | | |
Health Care Equipment & Supplies 0.42% | | | | | | | | |
GE HealthCare Technologies, Inc. | | | 12,856 | | | | 1,168,739 | |
Glaukos Corp.* | | | 12,658 | | | | 1,193,523 | |
Intuitive Surgical, Inc.* | | | 5,699 | | | | 2,274,414 | |
Total | | | | | | | 4,636,676 | |
| | | | | | | | |
Health Care Providers & Services 0.11% | | | | | | | | |
Universal Health Services, Inc. Class B | | | 6,795 | | | | 1,239,816 | |
| | | | | | | | |
Hotels, Restaurants & Leisure 0.49% | | | | | | | | |
Aristocrat Leisure Ltd.(e) | | | 37,400 | | | | 1,047,234 | |
Domino’s Pizza, Inc. | | | 2,870 | | | | 1,426,046 | |
DraftKings, Inc. Class A* | | | 39,666 | | | | 1,801,233 | |
Dutch Bros, Inc. Class A* | | | 34,657 | | | | 1,143,681 | |
Total | | | | | | | 5,418,194 | |
| |
6 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – BOND DEBENTURE PORTFOLIO March 31, 2024
Investments | | Shares | | | Fair Value | |
Insurance 0.32% | | | | | | | | |
Progressive Corp. | | | 11,597 | | | $ | 2,398,492 | |
Willis Towers Watson PLC (United Kingdom)(d) | | | 4,060 | | | | 1,116,500 | |
Total | | | | | | | 3,514,992 | |
| | | | | | | | |
Interactive Media & Services 0.15% | | | | | | | | |
Meta Platforms, Inc. Class A | | | 3,503 | | | | 1,700,987 | |
| | | | | | | | |
Life Sciences Tools & Services 0.10% | | | | | | | | |
Danaher Corp. | | | 4,401 | | | | 1,099,018 | |
| | | | | | | | |
Machinery 0.20% | | | | | | | | |
PACCAR, Inc. | | | 8,908 | | | | 1,103,612 | |
Xylem, Inc. | | | 8,928 | | | | 1,153,855 | |
Total | | | | | | | 2,257,467 | |
| | | | | | | | |
Marine Transportation 0.10% | | | | | | | | |
Kirby Corp.* | | | 11,880 | | | | 1,132,402 | |
| | | | | | | | |
Metals & Mining 0.23% | | | | | | | | |
Southern Copper Corp. | | | 12,625 | | | | 1,344,815 | |
Teck Resources Ltd. Class B (Canada)(d) | | | 26,141 | | | | 1,196,735 | |
Total | | | | | | | 2,541,550 | |
| | | | | | | | |
Miscellaneous Financials 0.04% | | | | | | | | |
Utex Industries | | | 8,205 | | | | 441,019 | (f) |
| | | | | | | | |
Oil, Gas & Consumable Fuels 0.25% | | | | | | | | |
Frontline PLC (Norway)(d)(g) | | | 45,491 | | | | 1,063,580 | |
Imperial Oil Ltd.(e) | | | 24,604 | | | | 1,697,059 | |
Total | | | | | | | 2,760,639 | |
| | | | | | | | |
Personal Care Products 0.06% | | | | | | | | |
Gibson Brands Private Equity | | | 9,315 | | | | 675,337 | |
| | | | | | | | |
Professional Services 0.20% | | | | | | | | |
Booz Allen Hamilton Holding Corp. | | | 7,525 | | | | 1,117,011 | |
Leidos Holdings, Inc. | | | 8,491 | | | | 1,113,085 | |
Total | | | | | | | 2,230,096 | |
| | | | | | | | |
Real Estate Management & Development 0.11% | | | | | | | | |
CoStar Group, Inc.* | | | 12,367 | | | | 1,194,652 | |
| | |
| See Notes to Schedule of Investments. | 7 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – BOND DEBENTURE PORTFOLIO March 31, 2024
Investments | | | | | | Shares | | | Fair Value | |
Semiconductors & Semiconductor Equipment 0.35% | | | | | | | | | |
Advanced Micro Devices, Inc.* | | | | | | | 6,148 | | | $ | 1,109,652 | |
Broadcom, Inc. | | | | | | | 855 | | | | 1,133,226 | |
KLA Corp. | | | | | | | 2,404 | | | | 1,679,362 | |
Total | | | | | | | | | | | 3,922,240 | |
| | | | | | | | | | | | |
Software 0.17% | | | | | | | | | | | | |
AppLovin Corp. Class A* | | | | | | | 26,523 | | | | 1,835,922 | |
| | | | | | | | | | | | |
Specialty Retail 0.28% | | | | | | | | | | | | |
Claire’s Holdings LLC | | | | | | | 1,067 | | | | 69,370 | |
Floor & Decor Holdings, Inc. Class A* | | | | | | | 9,441 | | | | 1,223,742 | |
O’Reilly Automotive, Inc.* | | | | | | | 1,587 | | | | 1,791,533 | |
Total | | | | | | | | | | | 3,084,645 | |
| | | | | | | | | | | | |
Textiles, Apparel & Luxury Goods 0.47% | | | | | | | | | | | | |
Birkenstock Holding PLC (United Kingdom)*(d)(g) | | | | | | | 27,306 | | | | 1,290,208 | |
Deckers Outdoor Corp.* | | | | | | | 1,203 | | | | 1,132,336 | |
Hermes International SCA(e) | | | | | | | 654 | | | | 1,671,480 | |
Lululemon Athletica, Inc. (Canada)*(d) | | | | | | | 2,823 | | | | 1,102,805 | |
Total | | | | | | | | | | | 5,196,829 | |
| | | | | | | | | | | | |
Trading Companies & Distributors 0.22% | | | | | | | | | | | | |
SiteOne Landscape Supply, Inc.* | | | | | | | 6,189 | | | | 1,080,290 | |
United Rentals, Inc. | | | | | | | 1,914 | | | | 1,380,204 | |
Total | | | | | | | | | | | 2,460,494 | |
| | | | | | | | | | | | |
Transportation Infrastructure 0.01% | | | | | | | | | | | | |
ACBL Holdings Corp. | | | | | | | 3,684 | | | | 162,096 | |
Total Common Stocks (cost $76,741,404) | | | | | | | | | | | 84,739,277 | |
| | | | | | | | | | | | |
| | Interest Rate | | Maturity Date | | | Principal Amount‡ | | | | | |
| | | | | | | | | | | | |
CORPORATE BONDS 69.62% | | | | | | | | | | | | |
| | | | | | | | | | | | |
Advertising 0.19% | | | | | | | | | | | | |
Clear Channel Outdoor Holdings, Inc.† | | 7.75% | | 4/15/2028 | | $ | 386,000 | | | | 338,371 | |
Clear Channel Outdoor Holdings, Inc.† | | 7.875% | | 4/1/2030 | | | 1,075,000 | | | | 1,069,389 | |
Clear Channel Outdoor Holdings, Inc.† | | 9.00% | | 9/15/2028 | | | 632,000 | | | | 658,870 | |
Total | | | | | | | | | | | 2,066,630 | |
| | | | | | | | | | | | |
Aerospace/Defense 1.90% | | | | | | | | | | | | |
BAE Systems PLC (United Kingdom)†(d) | | 5.25% | | 3/26/2031 | | | 472,000 | | | | 474,358 | |
Boeing Co. | | 5.15% | | 5/1/2030 | | | 1,000,000 | | | | 967,996 | |
| |
8 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – BOND DEBENTURE PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount‡ | | | Fair Value | |
Aerospace/Defense (continued) | | | | | | | | | | | | |
Boeing Co. | | 5.805% | | 5/1/2050 | | $ | 2,273,000 | | | $ | 2,152,661 | |
Bombardier, Inc. (Canada)†(d) | | 6.00% | | 2/15/2028 | | | 1,052,000 | | | | 1,035,983 | |
Bombardier, Inc. (Canada)†(d) | | 7.125% | | 6/15/2026 | | | 1,418,000 | | | | 1,440,054 | |
Bombardier, Inc. (Canada)†(d) | | 7.50% | | 2/1/2029 | | | 1,724,000 | | | | 1,777,192 | |
HEICO Corp. | | 5.35% | | 8/1/2033 | | | 680,000 | | | | 682,588 | |
RTX Corp. | | 5.15% | | 2/27/2033 | | | 1,105,000 | | | | 1,107,682 | |
Spirit AeroSystems, Inc. | | 4.60% | | 6/15/2028 | | | 758,000 | | | | 711,304 | |
Spirit AeroSystems, Inc.† | | 9.375% | | 11/30/2029 | | | 984,000 | | | | 1,074,564 | |
Spirit AeroSystems, Inc.† | | 9.75% | | 11/15/2030 | | | 1,237,000 | | | | 1,385,212 | |
TransDigm, Inc. | | 4.625% | | 1/15/2029 | | | 2,887,000 | | | | 2,682,616 | |
TransDigm, Inc. | | 5.50% | | 11/15/2027 | | | 3,862,000 | | | | 3,782,993 | |
Triumph Group, Inc.† | | 9.00% | | 3/15/2028 | | | 1,670,000 | | | | 1,762,655 | |
Total | | | | | | | | | | | 21,037,858 | |
| | | | | | | | | | | | |
Agriculture 0.75% | | | | | | | | | | | | |
BAT Capital Corp. | | 7.75% | | 10/19/2032 | | | 1,051,000 | | | | 1,187,053 | |
Imperial Brands Finance PLC (United Kingdom)†(d) | | 6.125% | | 7/27/2027 | | | 1,175,000 | | | | 1,199,201 | |
JT International Financial Services BV (Netherlands)†(d) | | 6.875% | | 10/24/2032 | | | 1,273,000 | | | | 1,420,634 | |
Philip Morris International, Inc. | | 5.125% | | 2/13/2031 | | | 912,000 | | | | 906,444 | |
Viterra Finance BV (Netherlands)†(d) | | 2.00% | | 4/21/2026 | | | 1,082,000 | | | | 1,005,264 | |
Viterra Finance BV (Netherlands)†(d) | | 3.20% | | 4/21/2031 | | | 1,518,000 | | | | 1,317,719 | |
Viterra Finance BV (Netherlands)†(d) | | 5.25% | | 4/21/2032 | | | 1,306,000 | | | | 1,289,742 | |
Total | | | | | | | | | | | 8,326,057 | |
| | | | | | | | | | | | |
Airlines 2.03% | | | | | | | | | | | | |
Air Canada (Canada)†(d) | | 3.875% | | 8/15/2026 | | | 2,301,000 | | | | 2,198,492 | |
Alaska Airlines Pass-Through Trust† | | 4.80% | | 2/15/2029 | | | 1,442,574 | | | | 1,409,063 | |
American Airlines Pass-Through Trust | | 3.00% | | 4/15/2030 | | | 586,190 | | | | 534,795 | |
American Airlines, Inc.† | | 7.25% | | 2/15/2028 | | | 2,188,000 | | | | 2,223,717 | |
American Airlines, Inc./AAdvantage Loyalty IP Ltd.† | | 5.75% | | 4/20/2029 | | | 6,185,487 | | | | 6,084,975 | |
Azul Secured Finance LLP† | | 11.93% | | 8/28/2028 | | | 1,237,000 | | | | 1,268,968 | |
British Airways Pass-Through Trust (United Kingdom)†(d) | | 3.30% | | 6/15/2034 | | | 633,392 | | | | 569,842 | |
British Airways Pass-Through Trust Class A (United Kingdom)†(d) | | 4.25% | | 5/15/2034 | | | 476,239 | | | | 445,340 | |
Delta Air Lines, Inc./SkyMiles IP Ltd.† | | 4.75% | | 10/20/2028 | | | 1,446,135 | | | | 1,414,883 | |
Hawaiian Brand Intellectual Property Ltd./HawaiianMiles Loyalty Ltd.† | | 5.75% | | 1/20/2026 | | | 2,367,596 | | | | 2,224,537 | |
JetBlue Pass-Through Trust | | 2.95% | | 11/15/2029 | | | 826,912 | | | | 737,524 | |
| | |
| See Notes to Schedule of Investments. | 9 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – BOND DEBENTURE PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount‡ | | | Fair Value | |
Airlines (continued) | | | | | | | | | | | | |
United Airlines Pass-Through Trust | | 5.80% | | 7/15/2037 | | $ | 1,348,000 | | | $ | 1,375,832 | |
United Airlines Pass-Through Trust Series 2020-1 Class A | | 5.875% | | 4/15/2029 | | | 1,396,800 | | | | 1,393,616 | |
United Airlines, Inc.† | | 4.625% | | 4/15/2029 | | | 696,000 | | | | 648,056 | |
Total | | | | | | | | | | | 22,529,640 | |
| | | | | | | | | | | | |
Auto Manufacturers 0.40% | | | | | | | | | | | | |
Allison Transmission, Inc.† | | 3.75% | | 1/30/2031 | | | 2,429,000 | | | | 2,121,625 | |
Aston Martin Capital Holdings Ltd. (Jersey)†(d) | | 10.00% | | 3/31/2029 | | | 1,097,000 | | | | 1,118,024 | |
Jaguar Land Rover Automotive PLC (United Kingdom)†(d) | | 5.875% | | 1/15/2028 | | | 1,189,000 | | | | 1,171,244 | |
Total | | | | | | | | | | | 4,410,893 | |
| | | | | | | | | | | | |
Auto Parts & Equipment 0.44% | | | | | | | | | | | | |
Adient Global Holdings Ltd.† | | 7.00% | | 4/15/2028 | | | 771,000 | | | | 788,518 | |
Clarios Global LP/Clarios U.S. Finance Co.† | | 6.75% | | 5/15/2028 | | | 1,057,000 | | | | 1,072,256 | |
Tenneco, Inc.† | | 8.00% | | 11/17/2028 | | | 1,221,000 | | | | 1,115,277 | |
ZF North America Capital, Inc.† | | 6.875% | | 4/14/2028 | | | 1,064,000 | | | | 1,104,619 | |
ZF North America Capital, Inc.† | | 7.125% | | 4/14/2030 | | | 759,000 | | | | 800,469 | |
Total | | | | | | | | | | | 4,881,139 | |
| | | | | | | | | | | | |
Banks 5.47% | | | | | | | | | | | | |
ABN AMRO Bank NV (Netherlands)†(d) | | 3.324% (5 yr. CMT + 1.90% | )# | 3/13/2037 | | | 1,600,000 | | | | 1,302,027 | |
Akbank TAS (Turkey)†(d) | | 9.369% (5 yr. CMT + 5.27% | )# | – | (h) | | 1,291,000 | | | | 1,290,613 | |
Alfa Bank AO Via Alfa Bond Issuance PLC (Ireland)(d) | | 5.50% (5 yr. CMT + 4.55% | )# | 10/26/2031 | | | 2,645,000 | | | | – | (f)(i) |
Australia & New Zealand Banking Group Ltd. (Australia)†(d) | | 6.742% | | 12/8/2032 | | | 2,525,000 | | | | 2,714,730 | |
Banco de Credito e Inversiones SA (Chile)†(d) | | 8.75% (5 yr. CMT + 4.94% | )# | – | (h) | | 277,000 | | | | 285,829 | |
Bank of Ireland Group PLC (Ireland)†(d) | | 2.029% (1 yr. CMT + 1.10% | )# | 9/30/2027 | | | 1,201,000 | | | | 1,099,142 | |
Bank of Ireland Group PLC (Ireland)†(d) | | 6.253% (1 yr. CMT + 2.65% | )# | 9/16/2026 | | | 1,466,000 | | | | 1,475,650 | |
Bank OZK | | 2.75% (3 mo. USD Term SOFR + 2.09% | )# | 10/1/2031 | | | 2,182,000 | | | | 1,823,536 | |
BankUnited, Inc. | | 4.875% | | 11/17/2025 | | | 1,178,000 | | | | 1,149,516 | |
BBVA Bancomer SA† | | 8.125% (5 yr. CMT + 4.21% | )# | 1/8/2039 | | | 2,198,000 | | | | 2,278,658 | |
10 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – BOND DEBENTURE PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount‡ | | | Fair Value | |
Banks (continued) | | | | | | | | | | | | |
BBVA Bancomer SA† | | 8.45% (5 yr. CMT + 4.66% | )# | 6/29/2038 | | $ | 1,110,000 | | | $ | 1,172,839 | |
BNP Paribas SA (France)†(d) | | 5.894% (SOFR + 1.87% | )# | 12/5/2034 | | | 1,174,000 | | | | 1,228,118 | |
CaixaBank SA (Spain)†(d) | | 6.208% (SOFR + 2.70% | )# | 1/18/2029 | | | 2,569,000 | | | | 2,622,849 | |
Citizens Financial Group, Inc. | | 5.841% (SOFR + 2.01% | )# | 1/23/2030 | | | 1,088,000 | | | | 1,086,963 | |
Danske Bank AS (Denmark)†(d) | | 4.298% (1 yr. CMT + 1.75% | )# | 4/1/2028 | | | 1,084,000 | | | | 1,046,418 | |
Danske Bank AS (Denmark)†(d) | | 6.466% (1 yr. CMT + 2.10% | )# | 1/9/2026 | | | 1,187,000 | | | | 1,191,550 | |
Deutsche Bank AG | | 6.72% (SOFR + 3.18% | )# | 1/18/2029 | | | 2,168,000 | | | | 2,243,407 | |
Deutsche Bank AG | | 7.079% (SOFR + 3.65% | )# | 2/10/2034 | | | 2,717,000 | | | | 2,796,420 | |
Fifth Third Bancorp | | 6.339% (SOFR + 2.34% | )# | 7/27/2029 | | | 846,000 | | | | 872,443 | |
First Republic Bank | | 4.375% | | 8/1/2046 | | | 1,248,000 | | | | 56,160 | |
First Republic Bank | | 4.625% | | 2/13/2047 | | | 500,000 | | | | 23,750 | |
First-Citizens Bank & Trust Co. | | 6.125% | | 3/9/2028 | | | 2,543,000 | | | | 2,613,556 | |
Freedom Mortgage Corp.† | | 12.00% | | 10/1/2028 | | | 275,000 | | | | 300,040 | |
Home BancShares, Inc. | | 3.125% (3 mo. USD Term SOFR + 1.82% | )# | 1/30/2032 | | | 1,058,000 | | | | 802,730 | |
KeyBank NA | | 3.90% | | 4/13/2029 | | | 1,946,000 | | | | 1,748,707 | |
KeyBank NA | | 5.85% | | 11/15/2027 | | | 859,000 | | | | 852,340 | |
Lloyds Banking Group PLC (United Kingdom)(d) | | 5.871% (1 yr. CMT + 1.70% | )# | 3/6/2029 | | | 1,102,000 | | | | 1,120,230 | |
Lloyds Banking Group PLC (United Kingdom)(d) | | 6.912% (SOFR + 1.56% | )# | 8/7/2027 | | | 1,605,000 | | | | 1,629,501 | |
Macquarie Bank Ltd. (United Kingdom)(d) | | 6.125% (5 yr. USD Swap + 3.70% | )# | – | (h) | | 501,000 | | | | 481,300 | |
Mitsubishi UFJ Financial Group, Inc. (Japan)(d) | | 8.20% (5 yr. CMT + 3.29% | )# | – | (h) | | 677,000 | | | | 732,178 | |
NatWest Group PLC (United Kingdom)(d) | | 7.472% (1 yr. CMT + 2.85% | )# | 11/10/2026 | | | 1,874,000 | | | | 1,925,760 | |
Norinchukin Bank (Japan)†(d) | | 5.43% | | 3/9/2028 | | | 885,000 | | | | 897,221 | |
Standard Chartered PLC (United Kingdom)†(d) | | 6.097% (1 yr. CMT + 2.10% | )# | 1/11/2035 | | | 934,000 | | | | 962,452 | |
Standard Chartered PLC (United Kingdom)†(d) | | 7.767% (1 yr. CMT + 3.45% | )# | 11/16/2028 | | | 2,010,000 | | | | 2,151,645 | |
Sumitomo Mitsui Financial Group, Inc. (Japan)(d) | | 6.60% (5 yr. CMT + 2.28% | )# | – | (h) | | 669,000 | | | | 671,521 | |
| See Notes to Schedule of Investments. | 11 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – BOND DEBENTURE PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount‡ | | | Fair Value | |
Banks (continued) | | | | | | | | | | | | |
SVB Financial Group(j) | | 4.25% (5 yr. CMT + 3.07% | ) | – | (h) | $ | 3,922,000 | | | $ | 77,602 | |
TC Ziraat Bankasi AS (Turkey)†(d) | | 8.00% | | 1/16/2029 | | | 1,498,000 | | | | 1,521,255 | |
Truist Financial Corp. | | 5.711% (SOFR + 1.92% | )# | 1/24/2035 | | | 569,000 | | | | 571,722 | |
Turkiye Garanti Bankasi AS (Turkey)†(d) | | 8.375% (5 yr. CMT + 4.09% | )# | 2/28/2034 | | | 524,000 | | | | 524,362 | |
U.S. Bancorp | | 5.384% (SOFR + 1.56% | )# | 1/23/2030 | | | 1,088,000 | | | | 1,093,088 | |
UBS Group AG (Switzerland)†(d) | | 3.869% (3 mo. USD LIBOR + 1.41% | )# | 1/12/2029 | | | 3,550,000 | | | | 3,358,433 | |
UBS Group AG (Switzerland)†(d) | | 9.25% (5 yr. CMT + 4.75% | )# | – | (h) | | 1,209,000 | | | | 1,312,944 | |
UBS Group AG (Switzerland)†(d) | | 9.25% (5 yr. CMT + 4.76% | )# | – | (h) | | 802,000 | | | | 907,092 | |
UniCredit SpA (Italy)†(d) | | 7.296% (5 yr. USD ICE Swap + 4.91% | )# | 4/2/2034 | | | 2,274,000 | | | | 2,339,120 | |
Webster Financial Corp. | | 4.10% | | 3/25/2029 | | | 1,622,000 | | | | 1,490,748 | |
Western Alliance Bancorp | | 3.00% (3 mo. USD Term SOFR + 2.25% | )# | 6/15/2031 | | | 1,995,000 | | | | 1,722,204 | |
Yapi ve Kredi Bankasi AS (Turkey)†(d) | | 9.25% (5 yr. CMT + 5.28% | )# | 1/17/2034 | | | 1,024,000 | | | | 1,054,843 | |
Total | | | | | | | | | | | 60,623,212 | |
| | | | | | | | | | | | |
Beverages 0.30% | | | | | | | | | | | | |
Bacardi Ltd.† | | 4.70% | | 5/15/2028 | | | 1,331,000 | | | | 1,299,389 | |
Bacardi Ltd./Bacardi-Martini BV† | | 5.25% | | 1/15/2029 | | | 898,000 | | | | 889,778 | |
Central American Bottling Corp./CBC Bottling Holdco SL/Beliv Holdco SL (Guatemala)†(d) | | 5.25% | | 4/27/2029 | | | 1,196,000 | | | | 1,140,873 | |
Total | | | | | | | | | | | 3,330,040 | |
| | | | | | | | | | | | |
Building Materials 1.22% | | | | | | | | | | | | |
ACProducts Holdings, Inc.† | | 6.375% | | 5/15/2029 | | | 1,468,000 | | | | 1,140,628 | |
Builders FirstSource, Inc.† | | 4.25% | | 2/1/2032 | | | 1,153,000 | | | | 1,034,840 | |
Builders FirstSource, Inc.† | | 6.375% | | 6/15/2032 | | | 1,079,000 | | | | 1,095,909 | |
Carrier Global Corp. | | 5.90% | | 3/15/2034 | | | 388,000 | | | | 407,965 | |
Carrier Global Corp. | | 6.20% | | 3/15/2054 | | | 413,000 | | | | 455,109 | |
EMRLD Borrower LP/Emerald Co.-Issuer, Inc.† | | 6.625% | | 12/15/2030 | | | 2,783,000 | | | | 2,813,176 | |
Griffon Corp. | | 5.75% | | 3/1/2028 | | | 819,000 | | | | 802,666 | |
MIWD Holdco II LLC/MIWD Finance Corp.† | | 5.50% | | 2/1/2030 | | | 1,800,000 | | | | 1,658,370 | |
Smyrna Ready Mix Concrete LLC† | | 6.00% | | 11/1/2028 | | | 1,190,000 | | | | 1,164,513 | |
St. Mary’s Cement, Inc. (Canada)†(d) | | 5.75% | | 4/2/2034 | | | 414,000 | | | | 411,102 | |
Standard Industries, Inc.† | | 4.375% | | 7/15/2030 | | | 768,000 | | | | 690,617 | |
Summit Materials LLC/Summit Materials Finance Corp.† | | 7.25% | | 1/15/2031 | | | 808,000 | | | | 840,435 | |
Vulcan Materials Co. | | 4.50% | | 6/15/2047 | | | 1,186,000 | | | | 1,038,057 | |
Total | | | | | | | | | | | 13,553,387 | |
12 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – BOND DEBENTURE PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount‡ | | | Fair Value | |
Chemicals 1.30% | | | | | | | | | | |
Cabot Corp. | | 5.00% | | 6/30/2032 | | $ | 1,611,000 | | | $ | 1,574,176 | |
Celanese U.S. Holdings LLC | | 6.165% | | 7/15/2027 | | | 2,351,000 | | | | 2,395,551 | |
Ingevity Corp.† | | 3.875% | | 11/1/2028 | | | 1,275,000 | | | | 1,152,870 | |
OCI NV (Netherlands)†(d) | | 6.70% | | 3/16/2033 | | | 1,111,000 | | | | 1,108,302 | |
OCP SA (Malaysia)†(d) | | 3.75% | | 6/23/2031 | | | 2,235,000 | | | | 1,910,757 | |
Olin Corp. | | 5.00% | | 2/1/2030 | | | 1,347,000 | | | | 1,279,503 | |
Olympus Water U.S. Holding Corp.† | | 9.75% | | 11/15/2028 | | | 1,160,000 | | | | 1,237,101 | |
SCIH Salt Holdings, Inc.† | | 4.875% | | 5/1/2028 | | | 1,141,000 | | | | 1,064,143 | |
SCIH Salt Holdings, Inc.† | | 6.625% | | 5/1/2029 | | | 1,341,000 | | | | 1,243,027 | |
SK Invictus Intermediate II SARL (Luxembourg)†(d) | | 5.00% | | 10/30/2029 | | | 1,575,000 | | | | 1,405,514 | |
Total | | | | | | | | | | | 14,370,944 | |
| | | | | | | | | | | | |
Coal 0.36% | | | | | | | | | | | | |
SunCoke Energy, Inc.† | | 4.875% | | 6/30/2029 | | | 1,812,000 | | | | 1,642,484 | |
Teck Resources Ltd. (Canada)(d) | | 3.90% | | 7/15/2030 | | | 1,670,000 | | | | 1,541,198 | |
Warrior Met Coal, Inc.† | | 7.875% | | 12/1/2028 | | | 849,000 | | | | 855,914 | |
Total | | | | | | | | | | | 4,039,596 | |
| | | | | | | | | | | | |
Commercial Services 1.37% | | | | | | | | | | | | |
Adani Ports & Special Economic Zone Ltd. (India)(d) | | 4.00% | | 7/30/2027 | | | 825,000 | | | | 757,852 | |
Adani Ports & Special Economic Zone Ltd. (India)(d) | | 4.20% | | 8/4/2027 | | | 407,000 | | | | 376,316 | |
Allied Universal Holdco LLC† | | 7.875% | | 2/15/2031 | | | 1,195,000 | | | | 1,211,786 | |
Allied Universal Holdco LLC/Allied Universal Finance Corp.† | | 6.625% | | 7/15/2026 | | | 276,000 | | | | 276,050 | |
Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 SARL (Luxembourg)†(d) | | 4.625% | | 6/1/2028 | | | 1,262,000 | | | | 1,153,860 | |
Ashtead Capital, Inc.† | | 5.50% | | 8/11/2032 | | | 892,000 | | | | 872,684 | |
Ashtead Capital, Inc.† | | 5.55% | | 5/30/2033 | | | 902,000 | | | | 887,667 | |
Ashtead Capital, Inc.† | | 5.80% | | 4/15/2034 | | | 486,000 | | | | 485,729 | |
Brink’s Co.† | | 4.625% | | 10/15/2027 | | | 762,000 | | | | 724,051 | |
CoreCivic, Inc. | | 8.25% | | 4/15/2029 | | | 1,204,000 | | | | 1,260,281 | |
Garda World Security Corp. (Canada)†(d) | | 7.75% | | 2/15/2028 | | | 717,000 | | | | 735,871 | |
Gartner, Inc.† | | 3.625% | | 6/15/2029 | | | 1,796,000 | | | | 1,627,826 | |
GXO Logistics, Inc. | | 2.65% | | 7/15/2031 | | | 1,389,000 | | | | 1,132,005 | |
Hertz Corp. | | Zero Coupon | | 10/15/2024 | | | 987,000 | | | | 39,480 | |
| See Notes to Schedule of Investments. | 13 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – BOND DEBENTURE PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount‡ | | | Fair Value | |
Commercial Services (continued) | | | | | | | | | | | | |
Hertz Corp.† | | Zero Coupon | | 1/15/2028 | | $ | 1,887,000 | | | $ | 188,700 | |
ITR Concession Co. LLC† | | 5.183% | | 7/15/2035 | | | 785,000 | | | | 679,363 | |
NESCO Holdings II, Inc.† | | 5.50% | | 4/15/2029 | | | 1,166,000 | | | | 1,104,455 | |
Wand NewCo 3, Inc.† | | 7.625% | | 1/30/2032 | | | 1,657,000 | | | | 1,715,106 | |
Total | | | | | | | | | | | 15,229,082 | |
| | | | | | | | | | | | |
Computers 1.28% | | | | | | | | | | | | |
Booz Allen Hamilton, Inc. | | 5.95% | | 8/4/2033 | | | 954,000 | | | | 988,112 | |
Crowdstrike Holdings, Inc. | | 3.00% | | 2/15/2029 | | | 5,172,000 | | | | 4,592,568 | |
Fortinet, Inc. | | 2.20% | | 3/15/2031 | | | 1,119,000 | | | | 934,944 | |
McAfee Corp.† | | 7.375% | | 2/15/2030 | | | 1,302,000 | | | | 1,195,420 | |
NCR Atleos Corp.† | | 9.50% | | 4/1/2029 | | | 2,085,000 | | | | 2,232,272 | |
NCR Voyix Corp.† | | 5.125% | | 4/15/2029 | | | 1,170,000 | | | | 1,086,472 | |
NetApp, Inc. | | 2.70% | | 6/22/2030 | | | 518,000 | | | | 449,029 | |
Seagate HDD Cayman (Cayman Islands)†(d) | | 8.25% | | 12/15/2029 | | | 1,034,000 | | | | 1,112,071 | |
Seagate HDD Cayman (Cayman Islands)†(d) | | 8.50% | | 7/15/2031 | | | 448,000 | | | | 484,596 | |
Western Digital Corp. | | 3.10% | | 2/1/2032 | | | 1,421,000 | | | | 1,145,498 | |
Total | | | | | | | | | | | 14,220,982 | |
| | | | | | | | | | | | |
Distribution/Wholesale 0.67% | | | | | | | | | | | | |
American Builders & Contractors Supply Co., Inc.† | | 4.00% | | 1/15/2028 | | | 1,214,000 | | | | 1,137,525 | |
Ferguson Finance PLC (United Kingdom)†(d) | | 3.25% | | 6/2/2030 | | | 1,457,000 | | | | 1,304,383 | |
H&E Equipment Services, Inc.† | | 3.875% | | 12/15/2028 | | | 1,190,000 | | | | 1,090,883 | |
LKQ Corp. | | 6.25% | | 6/15/2033 | | | 1,344,000 | | | | 1,400,581 | |
Ritchie Bros Holdings, Inc.† | | 7.75% | | 3/15/2031 | | | 1,087,000 | | | | 1,138,625 | |
Windsor Holdings III LLC† | | 8.50% | | 6/15/2030 | | | 1,263,000 | | | | 1,325,846 | |
Total | | | | | | | | | | | 7,397,843 | |
| | | | | | | | | | | | |
Diversified Financial Services 2.25% | | | | | | | | | | | | |
AG Issuer LLC† | | 6.25% | | 3/1/2028 | | | 1,220,000 | | | | 1,195,671 | |
Aircastle Ltd.† | | 6.50% | | 7/18/2028 | | | 1,132,000 | | | | 1,155,546 | |
Ally Financial, Inc. | | 6.70% | | 2/14/2033 | | | 2,277,000 | | | | 2,302,641 | |
Apollo Global Management, Inc. | | 6.375% | | 11/15/2033 | | | 1,000,000 | | | | 1,076,197 | |
ARES Management Corp. | | 6.375% | | 11/10/2028 | | | 1,162,000 | | | | 1,218,862 | |
Avolon Holdings Funding Ltd. (Ireland)†(d) | | 4.25% | | 4/15/2026 | | | 1,562,000 | | | | 1,508,135 | |
Azul Secured Finance LLP† | | 11.50% | | 5/28/2029 | | | 1,953,666 | | | | 1,679,561 | |
Coinbase Global, Inc.† | | 3.375% | | 10/1/2028 | | | 2,129,000 | | | | 1,826,422 | |
Coinbase Global, Inc.† | | 3.625% | | 10/1/2031 | | | 642,000 | | | | 519,130 | |
Freedom Mortgage Holdings LLC† | | 9.25% | | 2/1/2029 | | | 1,048,000 | | | | 1,073,516 | |
Global Aircraft Leasing Co. Ltd. (Cayman Islands)†(d) | | 6.50% | | 9/15/2024 | | | 1,356,447 | | | | 1,287,641 | |
14 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – BOND DEBENTURE PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount‡ | | | Fair Value | |
Diversified Financial Services (continued) | | | | | | | | | | | | |
ILFC E-Capital Trust I† | | 7.145% (3 mo. USD Term SOFR + 1.81% | )# | 12/21/2065 | | $ | 752,000 | | | $ | 589,256 | |
ILFC E-Capital Trust II† | | 7.395% (3 mo. USD Term SOFR + 2.06% | )# | 12/21/2065 | | | 394,000 | | | | 316,397 | |
Jane Street Group/JSG Finance, Inc.† | | 4.50% | | 11/15/2029 | | | 896,000 | | | | 829,762 | |
LPL Holdings, Inc.† | | 4.00% | | 3/15/2029 | | | 1,077,000 | | | | 990,824 | |
Macquarie Airfinance Holdings Ltd. (United Kingdom)†(d) | | 6.50% | | 3/26/2031 | | | 799,000 | | | | 813,850 | |
Navient Corp. | | 5.50% | | 3/15/2029 | | | 1,390,000 | | | | 1,295,760 | |
Navient Corp. | | 6.75% | | 6/15/2026 | | | 1,077,000 | | | | 1,086,629 | |
Neuberger Berman Group LLC/Neuberger Berman Finance Corp.† | | 4.875% | | 4/15/2045 | | | 1,377,000 | | | | 1,118,349 | |
PennyMac Financial Services, Inc.† | | 7.875% | | 12/15/2029 | | | 1,190,000 | | | | 1,223,849 | |
Synchrony Financial | | 7.25% | | 2/2/2033 | | | 1,830,000 | | | | 1,818,764 | |
Total | | | | | | | | | | | 24,926,762 | |
| | | | | | | | | | | | |
Electric 3.39% | | | | | | | | | | | | |
Ausgrid Finance Pty. Ltd. (Australia)†(d) | | 4.35% | | 8/1/2028 | | | 1,217,000 | | | | 1,170,294 | |
Calpine Corp.† | | 4.50% | | 2/15/2028 | | | 1,198,000 | | | | 1,137,205 | |
Calpine Corp.† | | 4.625% | | 2/1/2029 | | | 3,814,000 | | | | 3,533,848 | |
Calpine Corp.† | | 5.125% | | 3/15/2028 | | | 1,328,000 | | | | 1,275,662 | |
Cleveland Electric Illuminating Co.† | | 3.50% | | 4/1/2028 | | | 1,118,000 | | | | 1,044,536 | |
Constellation Energy Generation LLC | | 5.60% | | 6/15/2042 | | | 1,031,000 | | | | 1,019,675 | |
Constellation Energy Generation LLC | | 5.80% | | 3/1/2033 | | | 1,390,000 | | | | 1,433,400 | |
Constellation Energy Generation LLC | | 6.25% | | 10/1/2039 | | | 2,067,000 | | | | 2,179,243 | |
Constellation Energy Generation LLC | | 6.50% | | 10/1/2053 | | | 768,000 | | | | 845,591 | |
ITC Holdings Corp.† | | 4.95% | | 9/22/2027 | | | 1,129,000 | | | | 1,122,292 | |
Minejesa Capital BV (Netherlands)†(d) | | 4.625% | | 8/10/2030 | | | 1,441,190 | | | | 1,371,405 | |
NextEra Energy Operating Partners LP† | | 4.50% | | 9/15/2027 | | | 1,774,000 | | | | 1,661,696 | |
NRG Energy, Inc.† | | 7.00% | | 3/15/2033 | | | 826,000 | | | | 882,189 | |
NRG Energy, Inc.† | | 10.25% (5 yr. CMT + 5.92% | )# | – | (h) | | 2,111,000 | | | | 2,266,471 | |
NSG Holdings LLC/NSG Holdings, Inc.† | | 7.75% | | 12/15/2025 | | | 88,414 | | | | 88,039 | |
Pacific Gas & Electric Co. | | 6.15% | | 1/15/2033 | | | 3,075,000 | | | | 3,172,808 | |
Palomino Funding Trust I† | | 7.233% | | 5/17/2028 | | | 2,239,000 | | | | 2,352,261 | |
Pattern Energy Operations LP/Pattern Energy Operations, Inc.† | | 4.50% | | 8/15/2028 | | | 1,173,000 | | | | 1,094,527 | |
PG&E Corp. | | 5.25% | | 7/1/2030 | | | 1,133,000 | | | | 1,077,811 | |
Pike Corp.† | | 5.50% | | 9/1/2028 | | | 1,283,000 | | | | 1,229,377 | |
Pike Corp.† | | 8.625% | | 1/31/2031 | | | 792,000 | | | | 842,622 | |
Puget Energy, Inc. | | 4.10% | | 6/15/2030 | | | 1,000,000 | | | | 915,004 | |
Talen Energy Supply LLC† | | 8.625% | | 6/1/2030 | | | 1,237,000 | | | | 1,323,724 | |
| See Notes to Schedule of Investments. | 15 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – BOND DEBENTURE PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount‡ | | | Fair Value | |
Electric (continued) | | | | | | | | | | | | |
Vistra Corp.† | | 7.00% (5 yr. CMT + 5.74% | )# | – | (h) | $ | 1,135,000 | | | $ | 1,124,945 | |
Vistra Operations Co. LLC† | | 4.375% | | 5/1/2029 | | | 3,748,000 | | | | 3,475,988 | |
Total | | | | | | | | | | | 37,640,613 | |
| | | | | | | | | | | | |
Electronics 0.21% | | | | | | | | | | | | |
Imola Merger Corp.† | | 4.75% | | 5/15/2029 | | | 886,000 | | | | 831,543 | |
Trimble, Inc. | | 6.10% | | 3/15/2033 | | | 1,426,000 | | | | 1,490,557 | |
Total | | | | | | | | | | | 2,322,100 | |
| | | | | | | | | | | | |
Energy-Alternate Sources 0.43% | | | | | | | | | | | | |
TerraForm Power Operating LLC† | | 4.75% | | 1/15/2030 | | | 1,484,000 | | | | 1,361,503 | |
TerraForm Power Operating LLC† | | 5.00% | | 1/31/2028 | | | 1,000,000 | | | | 953,163 | |
Topaz Solar Farms LLC† | | 5.75% | | 9/30/2039 | | | 2,484,735 | | | | 2,483,344 | |
Total | | | | | | | | | | | 4,798,010 | |
| | | | | | | | | | | | |
Engineering & Construction 1.00% | | | | | | | | | | | | |
Aeropuerto Internacional de Tocumen SA (Panama)†(d) | | 5.125% | | 8/11/2061 | | | 2,690,000 | | | | 1,973,643 | |
Brand Industrial Services, Inc.† | | 10.375% | | 8/1/2030 | | | 2,015,000 | | | | 2,184,085 | |
Fluor Corp. | | 4.25% | | 9/15/2028 | | | 1,340,000 | | | | 1,253,335 | |
Heathrow Finance PLC | | 6.625% | | 3/1/2031 | | GBP | 863,000 | | | | 1,079,409 | |
Jacobs Engineering Group, Inc. | | 5.90% | | 3/1/2033 | | $ | 1,087,000 | | | | 1,101,301 | |
Jacobs Engineering Group, Inc. | | 6.35% | | 8/18/2028 | | | 845,000 | | | | 873,833 | |
MasTec, Inc.† | | 4.50% | | 8/15/2028 | | | 1,146,000 | | | | 1,090,643 | |
TAV Havalimanlari Holding AS (Turkey)†(d) | | 8.50% | | 12/7/2028 | | | 1,080,000 | | | | 1,115,883 | |
TopBuild Corp.† | | 4.125% | | 2/15/2032 | | | 451,000 | | | | 399,578 | |
Total | | | | | | | | | | | 11,071,710 | |
| | | | | | | | | | | | |
Entertainment 1.75% | | | | | | | | | | | | |
AMC Entertainment Holdings, Inc.† | | 10.00% | | 6/15/2026 | | | 1,307,604 | | | | 976,117 | |
Boyne USA, Inc.† | | 4.75% | | 5/15/2029 | | | 1,174,000 | | | | 1,089,011 | |
Caesars Entertainment, Inc.† | | 4.625% | | 10/15/2029 | | | 1,956,000 | | | | 1,785,184 | |
Caesars Entertainment, Inc.† | | 7.00% | | 2/15/2030 | | | 1,549,000 | | | | 1,590,993 | |
Churchill Downs, Inc.† | | 4.75% | | 1/15/2028 | | | 1,787,000 | | | | 1,702,384 | |
Churchill Downs, Inc.† | | 5.50% | | 4/1/2027 | | | 1,631,000 | | | | 1,602,030 | |
Merlin Entertainments Ltd. (United Kingdom)†(d) | | 5.75% | | 6/15/2026 | | | 1,360,000 | | | | 1,348,287 | |
Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp.† | | 4.875% | | 5/1/2029 | | | 1,984,000 | | | | 1,838,714 | |
Mohegan Tribal Gaming Authority† | | 8.00% | | 2/1/2026 | | | 1,980,000 | | | | 1,939,143 | |
Resorts World Las Vegas LLC/RWLV Capital, Inc.† | | 4.625% | | 4/16/2029 | | | 2,000,000 | | | | 1,826,903 | |
SeaWorld Parks & Entertainment, Inc.† | | 5.25% | | 8/15/2029 | | | 2,394,000 | | | | 2,256,463 | |
WMG Acquisition Corp.† | | 3.75% | | 12/1/2029 | | | 1,613,000 | | | | 1,446,594 | |
Total | | | | | | | | | | | 19,401,823 | |
16 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – BOND DEBENTURE PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount‡ | | | Fair Value | |
Environmental Control 0.25% | | | | | | | | | | | | |
Madison IAQ LLC† | | 4.125% | | 6/30/2028 | | $ | 1,677,000 | | | $ | 1,552,540 | |
Madison IAQ LLC† | | 5.875% | | 6/30/2029 | | | 1,372,000 | | | | 1,256,608 | |
Total | | | | | | | | | | | 2,809,148 | |
| | | | | | | | | | | | |
Food 1.21% | | | | | | | | | | | | |
Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC† | | 3.50% | | 3/15/2029 | | | 2,486,000 | | | | 2,233,670 | |
Bellis Acquisition Co. PLC | | 3.25% | | 2/16/2026 | | GBP | 1,350,000 | | | | 1,613,243 | |
Chobani LLC/Chobani Finance Corp., Inc.† | | 4.625% | | 11/15/2028 | | $ | 827,000 | | | | 772,151 | |
Chobani LLC/Chobani Finance Corp., Inc.† | | 7.625% | | 7/1/2029 | | | 710,000 | | | | 720,650 | |
J M Smucker Co. | | 6.20% | | 11/15/2033 | | | 710,000 | | | | 757,771 | |
Lamb Weston Holdings, Inc.† | | 4.125% | | 1/31/2030 | | | 1,243,000 | | | | 1,134,533 | |
McCormick & Co., Inc. | | 4.95% | | 4/15/2033 | | | 934,000 | | | | 924,229 | |
Post Holdings, Inc.† | | 4.50% | | 9/15/2031 | | | 1,190,000 | | | | 1,071,597 | |
Post Holdings, Inc.† | | 4.625% | | 4/15/2030 | | | 1,174,000 | | | | 1,078,628 | |
Smithfield Foods, Inc.† | | 5.20% | | 4/1/2029 | | | 2,021,000 | | | | 1,947,702 | |
U.S. Foods, Inc.† | | 4.75% | | 2/15/2029 | | | 1,241,000 | | | | 1,179,514 | |
Total | | | | | | | | | | | 13,433,688 | |
| | | | | | | | | | | | |
Gas 0.21% | | | | | | | | | | | | |
Brooklyn Union Gas Co.† | | 3.407% | | 3/10/2026 | | | 1,368,000 | | | | 1,312,570 | |
Southwest Gas Corp. | | 4.05% | | 3/15/2032 | | | 1,055,000 | | | | 969,022 | |
Total | | | | | | | | | | | 2,281,592 | |
| | | | | | | | | | | | |
Hand/Machine Tools 0.29% | | | | | | | | | | | | |
Regal Rexnord Corp.† | | 6.40% | | 4/15/2033 | | | 3,145,000 | | | | 3,264,909 | |
| | | | | | | | | | | | |
Health Care-Products 0.77% | | | | | | | | | | | | |
Bausch & Lomb Corp. (Canada)†(d) | | 8.375% | | 10/1/2028 | | | 1,066,000 | | | | 1,104,280 | |
Boston Scientific Corp. | | 6.50% | | 11/15/2035 | | | 701,000 | | | | 780,400 | |
GE HealthCare Technologies, Inc. | | 6.377% | | 11/22/2052 | | | 699,000 | | | | 789,761 | |
Medline Borrower LP† | | 3.875% | | 4/1/2029 | | | 2,370,000 | | | | 2,158,742 | |
Medline Borrower LP† | | 5.25% | | 10/1/2029 | | | 1,293,000 | | | | 1,223,092 | |
Solventum Corp.† | | 5.45% | | 3/13/2031 | | | 1,417,000 | | | | 1,413,814 | |
Solventum Corp.† | | 5.60% | | 3/23/2034 | | | 1,012,000 | | | | 1,015,762 | |
Total | | | | | | | | | | | 8,485,851 | |
| | | | | | | | | | | | |
Health Care-Services 3.40% | | | | | | | | | | | | |
Catalent Pharma Solutions, Inc.† | | 3.125% | | 2/15/2029 | | | 3,691,000 | | | | 3,530,548 | |
Charles River Laboratories International, Inc.† | | 3.75% | | 3/15/2029 | | | 1,304,000 | | | | 1,191,385 | |
CHS/Community Health Systems, Inc.† | | 4.75% | | 2/15/2031 | | | 5,153,000 | | | | 3,981,475 | |
CHS/Community Health Systems, Inc.† | | 5.25% | | 5/15/2030 | | | 1,116,000 | | | | 910,971 | |
| See Notes to Schedule of Investments. | 17 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – BOND DEBENTURE PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount‡ | | | Fair Value | |
Health Care-Services (continued) | | | | | | | | | | | | |
CHS/Community Health Systems, Inc.† | | 6.875% | | 4/15/2029 | | $ | 808,000 | | | $ | 605,703 | |
DaVita, Inc.† | | 4.625% | | 6/1/2030 | | | 3,318,000 | | | | 2,972,742 | |
HCA, Inc. | | 3.50% | | 9/1/2030 | | | 2,358,000 | | | | 2,133,234 | |
HCA, Inc. | | 5.50% | | 6/1/2033 | | | 1,121,000 | | | | 1,125,428 | |
HCA, Inc. | | 7.69% | | 6/15/2025 | | | 420,000 | | | | 425,194 | |
Heartland Dental LLC/Heartland Dental Finance Corp.† | | 8.50% | | 5/1/2026 | | | 1,187,000 | | | | 1,178,161 | |
IQVIA, Inc. | | 6.25% | | 2/1/2029 | | | 745,000 | | | | 774,163 | |
LifePoint Health, Inc.† | | 9.875% | | 8/15/2030 | | | 1,137,000 | | | | 1,190,771 | |
LifePoint Health, Inc.† | | 11.00% | | 10/15/2030 | | | 1,312,000 | | | | 1,403,894 | |
Molina Healthcare, Inc.† | | 3.875% | | 11/15/2030 | | | 1,975,000 | | | | 1,757,552 | |
Molina Healthcare, Inc.† | | 3.875% | | 5/15/2032 | | | 2,065,000 | | | | 1,799,627 | |
Montefiore Obligated Group | | 5.246% | | 11/1/2048 | | | 2,454,000 | | | | 1,859,847 | |
RegionalCare Hospital Partners Holdings, Inc./LifePoint Health, Inc.† | | 9.75% | | 12/1/2026 | | | 591,000 | | | | 592,248 | |
Star Parent, Inc.† | | 9.00% | | 10/1/2030 | | | 1,879,000 | | | | 1,990,906 | |
Surgery Center Holdings, Inc.†(b) | | 7.25% | | 4/15/2032 | | | 1,175,000 | | | | 1,185,593 | |
Tenet Healthcare Corp. | | 4.375% | | 1/15/2030 | | | 1,319,000 | | | | 1,220,209 | |
Tenet Healthcare Corp. | | 6.125% | | 10/1/2028 | | | 3,345,000 | | | | 3,335,805 | |
Tenet Healthcare Corp. | | 6.125% | | 6/15/2030 | | | 1,286,000 | | | | 1,284,657 | |
Tenet Healthcare Corp.† | | 6.75% | | 5/15/2031 | | | 1,270,000 | | | | 1,294,740 | |
Total | | | | | | | | | | | 37,744,853 | |
| | | | | | | | | | | | |
Holding Companies-Diversified 0.20% | | | | | | | | | | | | |
Benteler International AG (Austria)†(d) | | 10.50% | | 5/15/2028 | | | 1,000,000 | | | | 1,082,408 | |
Stena International SA (Luxembourg)†(d) | | 7.25% | | 1/15/2031 | | | 1,175,000 | | | | 1,173,588 | |
Total | | | | | | | | | | | 2,255,996 | |
| | | | | | | | | | | | |
Home Builders 0.20% | | | | | | | | | | | | |
PulteGroup, Inc. | | 6.375% | | 5/15/2033 | | | 1,017,000 | | | | 1,080,426 | |
Toll Brothers Finance Corp. | | 4.35% | | 2/15/2028 | | | 1,144,000 | | | | 1,106,378 | |
Total | | | | | | | | | | | 2,186,804 | |
| | | | | | | | | | | | |
Home Furnishings 0.07% | | | | | | | | | | | | |
Leggett & Platt, Inc. | | 4.40% | | 3/15/2029 | | | 828,000 | | | | 777,454 | |
| | | | | | | | | | | | |
Insurance 2.45% | | | | | | | | | | | | |
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer† | | 6.75% | | 10/15/2027 | | | 1,486,000 | | | | 1,465,261 | |
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer† | | 6.75% | | 4/15/2028 | | | 2,130,000 | | | | 2,147,217 | |
Arch Capital Finance LLC | | 4.011% | | 12/15/2026 | | | 1,011,000 | | | | 980,916 | |
Ardonagh Finco Ltd. (United Kingdom)†(d) | | 7.75% | | 2/15/2031 | | | 952,000 | | | | 948,674 | |
18 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – BOND DEBENTURE PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount‡ | | | Fair Value | |
Insurance (continued) | | | | | | | | | | | | |
Ardonagh Group Finance Ltd. (United Kingdom)†(d) | | 8.875% | | 2/15/2032 | | $ | 1,131,000 | | | $ | 1,117,889 | |
Arthur J Gallagher & Co. | | 6.75% | | 2/15/2054 | | | 704,000 | | | | 799,837 | |
Athene Holding Ltd. | | 5.875% | | 1/15/2034 | | | 1,812,000 | | | | 1,816,780 | |
AXIS Specialty Finance PLC (United Kingdom)(d) | | 5.15% | | 4/1/2045 | | | 1,595,000 | | | | 1,419,680 | |
Brown & Brown, Inc. | | 2.375% | | 3/15/2031 | | | 1,581,000 | | | | 1,311,734 | |
Howden U.K. Refinance PLC/Howden U.K. Refinance 2 PLC/Howden U.S. Refinance LLC (United Kingdom)†(d) | | 7.25% | | 2/15/2031 | | | 1,222,000 | | | | 1,227,880 | |
HUB International Ltd.† | | 7.25% | | 6/15/2030 | | | 1,572,000 | | | | 1,616,656 | |
HUB International Ltd.† | | 7.375% | | 1/31/2032 | | | 909,000 | | | | 915,689 | |
Jones Deslauriers Insurance Management, Inc. (Canada)†(d) | | 8.50% | | 3/15/2030 | | | 540,000 | | | | 563,358 | |
Old Republic International Corp. | | 5.75% | | 3/28/2034 | | | 720,000 | | | | 723,783 | |
Panther Escrow Issuer LLC†(b) | | 7.125% | | 6/1/2031 | | | 1,376,000 | | | | 1,400,094 | |
PartnerRe Finance B LLC | | 3.70% | | 7/2/2029 | | | 1,041,000 | | | | 995,385 | |
RenaissanceRe Holdings Ltd. | | 5.75% | | 6/5/2033 | | | 2,242,000 | | | | 2,262,231 | |
Selective Insurance Group, Inc. | | 5.375% | | 3/1/2049 | | | 721,000 | | | | 690,130 | |
Swiss RE Subordinated Finance PLC (United Kingdom)†(b)(d) | | 5.698% (3 mo. USD Term SOFR + 1.81% | )# | 4/5/2035 | | | 1,200,000 | | | | 1,201,134 | |
Transatlantic Holdings, Inc. | | 8.00% | | 11/30/2039 | | | 934,000 | | | | 1,196,844 | |
Willis North America, Inc. | | 5.90% | | 3/5/2054 | | | 2,364,000 | | | | 2,395,108 | |
Total | | | | | | | | | | | 27,196,280 | |
| | | | | | | | | | | | |
Internet 0.45% | | | | | | | | | | | | |
EquipmentShare.com, Inc.† | | 9.00% | | 5/15/2028 | | | 2,756,000 | | | | 2,842,102 | |
Gen Digital, Inc.† | | 6.75% | | 9/30/2027 | | | 1,126,000 | | | | 1,143,194 | |
Tencent Holdings Ltd. (China)†(d) | | 3.595% | | 1/19/2028 | | | 1,078,000 | | | | 1,024,076 | |
Total | | | | | | | | | | | 5,009,372 | |
| | | | | | | | | | | | |
Investment Companies 0.26% | | | | | | | | | | | | |
ARES Capital Corp. | | 7.00% | | 1/15/2027 | | | 1,746,000 | | | | 1,796,910 | |
Blackstone Private Credit Fund† | | 6.25% | | 1/25/2031 | | | 1,114,000 | | | | 1,119,872 | |
Total | | | | | | | | | | | 2,916,782 | |
| | | | | | | | | | | | |
Iron-Steel 0.48% | | | | | | | | | | | | |
ArcelorMittal SA (Luxembourg)(d) | | 6.55% | | 11/29/2027 | | | 1,037,000 | | | | 1,076,660 | |
Commercial Metals Co. | | 4.375% | | 3/15/2032 | | | 791,000 | | | | 713,469 | |
Mineral Resources Ltd. (Australia)†(d) | | 8.50% | | 5/1/2030 | | | 1,340,000 | | | | 1,381,670 | |
Steel Dynamics, Inc. | | 3.45% | | 4/15/2030 | | | 948,000 | | | | 870,122 | |
U.S. Steel Corp. | | 6.875% | | 3/1/2029 | | | 1,240,000 | | | | 1,253,011 | |
Total | | | | | | | | | | | 5,294,932 | |
| See Notes to Schedule of Investments. | 19 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – BOND DEBENTURE PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount‡ | | | Fair Value | |
Leisure Time 1.51% | | | | | | | | | | | | |
Carnival Corp.† | | 4.00% | | 8/1/2028 | | $ | 2,100,000 | | | $ | 1,957,557 | |
Carnival Corp.† | | 5.75% | | 3/1/2027 | | | 2,494,000 | | | | 2,469,959 | |
Carnival Corp.† | | 6.00% | | 5/1/2029 | | | 1,528,000 | | | | 1,508,648 | |
NCL Corp. Ltd.† | | 5.875% | | 3/15/2026 | | | 1,728,000 | | | | 1,706,937 | |
NCL Corp. Ltd.† | | 5.875% | | 2/15/2027 | | | 1,378,000 | | | | 1,362,377 | |
NCL Corp. Ltd.† | | 8.375% | | 2/1/2028 | | | 621,000 | | | | 656,424 | |
Polaris, Inc. | | 6.95% | | 3/15/2029 | | | 2,322,000 | | | | 2,471,819 | |
Royal Caribbean Cruises Ltd.† | | 5.50% | | 8/31/2026 | | | 2,000,000 | | | | 1,983,660 | |
Royal Caribbean Cruises Ltd.† | | 6.25% | | 3/15/2032 | | | 1,088,000 | | | | 1,097,351 | |
Viking Cruises Ltd.† | | 5.875% | | 9/15/2027 | | | 1,354,000 | | | | 1,329,378 | |
Viking Ocean Cruises Ship VII Ltd.† | | 5.625% | | 2/15/2029 | | | 241,000 | | | | 234,750 | |
Total | | | | | | | | | | | 16,778,860 | |
| | | | | | | | | | | | |
Lodging 1.53% | | | | | | | | | | | | |
Genting New York LLC/GENNY Capital, Inc.† | | 3.30% | | 2/15/2026 | | | 1,306,000 | | | | 1,253,592 | |
Hilton Domestic Operating Co., Inc.† | | 3.75% | | 5/1/2029 | | | 1,268,000 | | | | 1,164,186 | |
Hilton Grand Vacations Borrower Escrow LLC/Hilton Grand Vacations Borrower Escrow, Inc.† | | 6.625% | | 1/15/2032 | | | 1,343,000 | | | | 1,349,409 | |
Las Vegas Sands Corp. | | 3.50% | | 8/18/2026 | | | 965,000 | | | | 914,056 | |
Marriott International, Inc. | | 3.50% | | 10/15/2032 | | | 1,250,000 | | | | 1,096,370 | |
MGM China Holdings Ltd. (Macau)†(d) | | 5.875% | | 5/15/2026 | | | 1,150,000 | | | | 1,136,499 | |
Sands China Ltd. (Macau)(d) | | 2.85% | | 3/8/2029 | | | 2,826,000 | | | | 2,458,022 | |
Sands China Ltd. (Macau)(d) | | 4.625% | | 6/18/2030 | | | 2,240,000 | | | | 2,055,890 | |
Sands China Ltd. (Macau)(d) | | 5.40% | | 8/8/2028 | | | 1,442,000 | | | | 1,415,089 | |
Studio City Finance Ltd. (Hong Kong)(d) | | 5.00% | | 1/15/2029 | | | 1,278,000 | | | | 1,125,490 | |
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.† | | 5.25% | | 5/15/2027 | | | 1,861,000 | | | | 1,823,879 | |
Wynn Macau Ltd. (Macau)†(d) | | 5.50% | | 10/1/2027 | | | 1,193,000 | | | | 1,142,901 | |
Total | | | | | | | | | | | 16,935,383 | |
| | | | | | | | | | | | |
Machinery: Construction & Mining 0.08% | | | | | | | | | | | | |
Vertiv Group Corp.† | | 4.125% | | 11/15/2028 | | | 921,000 | | | | 857,978 | |
| | | | | | | | | | | | |
Machinery-Diversified 0.68% | | | | | | | | | | | | |
Husky Injection Molding Systems Ltd./Titan Co.-Borrower LLC (Canada)†(d) | | 9.00% | | 2/15/2029 | | | 582,000 | | | | 602,584 | |
nVent Finance SARL (Luxembourg)(d) | | 2.75% | | 11/15/2031 | | | 1,086,000 | | | | 896,634 | |
nVent Finance SARL (Luxembourg)(d) | | 5.65% | | 5/15/2033 | | | 1,794,000 | | | | 1,809,230 | |
SPX FLOW, Inc.† | | 8.75% | | 4/1/2030 | | | 874,000 | | | | 883,495 | |
TK Elevator U.S. Newco, Inc.† | | 5.25% | | 7/15/2027 | | | 2,389,000 | | | | 2,310,700 | |
Westinghouse Air Brake Technologies Corp. | | 5.611% | | 3/11/2034 | | | 1,048,000 | | | | 1,061,950 | |
Total | | | | | | | | | | | 7,564,593 | |
20 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – BOND DEBENTURE PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount‡ | | | Fair Value | |
Media 2.89% | | | | | | | | | | | | |
AMC Networks, Inc. | | 4.25% | | 2/15/2029 | | $ | 1,450,000 | | | $ | 1,028,727 | |
AMC Networks, Inc.†(b) | | 10.25% | | 1/15/2029 | | | 874,000 | | | | 880,892 | |
CCO Holdings LLC/CCO Holdings Capital Corp.† | | 5.00% | | 2/1/2028 | | | 1,746,000 | | | | 1,626,504 | |
CCO Holdings LLC/CCO Holdings Capital Corp.† | | 5.375% | | 6/1/2029 | | | 2,373,000 | | | | 2,174,042 | |
CCO Holdings LLC/CCO Holdings Capital Corp.† | | 6.375% | | 9/1/2029 | | | 1,629,000 | | | | 1,546,561 | |
CCO Holdings LLC/CCO Holdings Capital Corp.† | | 7.375% | | 3/1/2031 | | | 2,658,000 | | | | 2,608,316 | |
CSC Holdings LLC† | | 4.125% | | 12/1/2030 | | | 471,000 | | | | 337,161 | |
CSC Holdings LLC† | | 5.375% | | 2/1/2028 | | | 820,000 | | | | 706,006 | |
CSC Holdings LLC† | | 6.50% | | 2/1/2029 | | | 875,000 | | | | 742,136 | |
CSC Holdings LLC† | | 11.75% | | 1/31/2029 | | | 1,326,000 | | | | 1,328,897 | |
DISH DBS Corp. | | 5.875% | | 11/15/2024 | | | 1,722,000 | | | | 1,651,345 | |
DISH Network Corp.† | | 11.75% | | 11/15/2027 | | | 5,254,000 | | | | 5,369,120 | |
FactSet Research Systems, Inc. | | 3.45% | | 3/1/2032 | | | 1,066,000 | | | | 942,142 | |
Gray Television, Inc.† | | 5.375% | | 11/15/2031 | | | 1,552,000 | | | | 1,019,159 | |
LCPR Senior Secured Financing DAC (Ireland)†(d) | | 6.75% | | 10/15/2027 | | | 1,108,000 | | | | 1,040,953 | |
News Corp.† | | 3.875% | | 5/15/2029 | | | 1,198,000 | | | | 1,096,514 | |
Nexstar Media, Inc.† | | 4.75% | | 11/1/2028 | | | 1,280,000 | | | | 1,167,526 | |
Sunrise FinCo I BV (Netherlands)†(d) | | 4.875% | | 7/15/2031 | | | 2,867,000 | | | | 2,561,515 | |
Univision Communications, Inc.† | | 4.50% | | 5/1/2029 | | | 2,508,000 | | | | 2,243,492 | |
VZ Secured Financing BV (Netherlands)†(d) | | 5.00% | | 1/15/2032 | | | 2,312,000 | | | | 1,987,334 | |
Total | | | | | | | | | | | 32,058,342 | |
| | | | | | | | | | | | |
Metal Fabricate-Hardware 0.23% | | | | | | | | | | | | |
Roller Bearing Co. of America, Inc.† | | 4.375% | | 10/15/2029 | | | 2,799,000 | | | | 2,566,317 | |
| | | | | | | | | | | | |
Mining 1.84% | | | | | | | | | | | | |
Alcoa Nederland Holding BV (Netherlands)†(d) | | 7.125% | | 3/15/2031 | | | 517,000 | | | | 527,290 | |
Anglo American Capital PLC (United Kingdom)†(d) | | 5.625% | | 4/1/2030 | | | 1,100,000 | | | | 1,116,628 | |
First Quantum Minerals Ltd. (Canada)†(d) | | 8.625% | | 6/1/2031 | | | 1,406,000 | | | | 1,368,503 | |
First Quantum Minerals Ltd. (Canada)†(d) | | 9.375% | | 3/1/2029 | | | 360,000 | | | | 373,379 | |
FMG Resources August 2006 Pty. Ltd. (Australia)†(d) | | 4.375% | | 4/1/2031 | | | 2,270,000 | | | | 2,030,347 | |
FMG Resources August 2006 Pty. Ltd. (Australia)†(d) | | 6.125% | | 4/15/2032 | | | 2,271,000 | | | | 2,247,936 | |
Freeport Indonesia PT (Indonesia)(d) | | 6.20% | | 4/14/2052 | | | 1,729,000 | | | | 1,720,179 | |
Freeport-McMoRan, Inc. | | 5.40% | | 11/14/2034 | | | 1,782,000 | | | | 1,761,858 | |
Glencore Funding LLC† | | 2.50% | | 9/1/2030 | | | 1,162,000 | | | | 987,260 | |
Hecla Mining Co. | | 7.25% | | 2/15/2028 | | | 1,194,000 | | | | 1,196,954 | |
Kaiser Aluminum Corp.† | | 4.50% | | 6/1/2031 | | | 1,528,000 | | | | 1,353,342 | |
| See Notes to Schedule of Investments. | 21 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – BOND DEBENTURE PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount‡ | | | Fair Value | |
Mining (continued) | | | | | | | | | | | | |
Kinross Gold Corp. (Canada)†(d) | | 6.25% | | 7/15/2033 | | $ | 1,800,000 | | | $ | 1,868,528 | |
Mirabela Nickel Ltd. | | Zero Coupon | | 9/10/2044 | | | 15,172 | | | | – | (f) |
Novelis Corp.† | | 4.75% | | 1/30/2030 | | | 2,071,000 | | | | 1,912,481 | |
WE Soda Investments Holding PLC (United Kingdom)†(d) | | 9.50% | | 10/6/2028 | | | 1,815,000 | | | | 1,889,295 | |
Total | | | | | | | | | | | 20,353,980 | |
| | | | | | | | | | | | |
Oil & Gas 9.43% | | | | | | | | | | | | |
Antero Resources Corp.† | | 5.375% | | 3/1/2030 | | | 4,893,000 | | | | 4,703,446 | |
Apache Corp. | | 4.25% | | 1/15/2030 | | | 1,155,000 | | | | 1,070,359 | |
Apache Corp. | | 4.75% | | 4/15/2043 | | | 2,325,000 | | | | 1,834,683 | |
Apache Corp. | | 5.10% | | 9/1/2040 | | | 2,569,000 | | | | 2,206,391 | |
Baytex Energy Corp. (Canada)†(d) | | 8.50% | | 4/30/2030 | | | 1,680,000 | | | | 1,755,723 | |
Borr IHC Ltd./Borr Finance LLC† | | 10.00% | | 11/15/2028 | | | 2,415,000 | | | | 2,521,919 | |
BP Capital Markets PLC (United Kingdom)(d) | | 6.45% (5 yr. CMT + 2.15% | )# | – | (h) | | 473,000 | | | | 491,016 | |
Callon Petroleum Co.† | | 8.00% | | 8/1/2028 | | | 1,951,000 | | | | 2,046,080 | |
Cenovus Energy, Inc. (Canada)(d) | | 3.75% | | 2/15/2052 | | | 798,000 | | | | 587,256 | |
Cenovus Energy, Inc. (Canada)(d) | | 5.40% | | 6/15/2047 | | | 3,346,000 | | | | 3,164,268 | |
Chesapeake Energy Corp.† | | 6.75% | | 4/15/2029 | | | 958,000 | | | | 969,040 | |
CITGO Petroleum Corp.† | | 7.00% | | 6/15/2025 | | | 1,160,000 | | | | 1,159,279 | |
CITGO Petroleum Corp.† | | 8.375% | | 1/15/2029 | | | 1,426,000 | | | | 1,499,455 | |
Civitas Resources, Inc.† | | 8.625% | | 11/1/2030 | | | 999,000 | | | | 1,073,388 | |
Civitas Resources, Inc.† | | 8.75% | | 7/1/2031 | | | 1,345,000 | | | | 1,440,912 | |
Comstock Resources, Inc.† | | 6.75% | | 3/1/2029 | | | 1,713,000 | | | | 1,635,132 | |
Continental Resources, Inc. | | 4.375% | | 1/15/2028 | | | 1,131,000 | | | | 1,093,361 | |
Continental Resources, Inc.† | | 5.75% | | 1/15/2031 | | | 2,222,000 | | | | 2,210,193 | |
Cosan Luxembourg SA (Luxembourg)†(d) | | 7.25% | | 6/27/2031 | | | 1,202,000 | | | | 1,228,367 | |
Crescent Energy Finance LLC† | | 7.625% | | 4/1/2032 | | | 891,000 | | | | 898,503 | |
Crescent Energy Finance LLC† | | 9.25% | | 2/15/2028 | | | 1,039,000 | | | | 1,097,944 | |
Diamond Foreign Asset Co./Diamond Finance LLC (Cayman Islands)†(d) | | 8.50% | | 10/1/2030 | | | 1,058,000 | | | | 1,117,389 | |
Ecopetrol SA (Colombia)(d) | | 5.875% | | 5/28/2045 | | | 3,051,000 | | | | 2,280,337 | |
Encino Acquisition Partners Holdings LLC† | | 8.50% | | 5/1/2028 | | | 1,734,000 | | | | 1,754,106 | |
Helmerich & Payne, Inc. | | 2.90% | | 9/29/2031 | | | 1,462,000 | | | | 1,228,589 | |
Kosmos Energy Ltd.† | | 7.75% | | 5/1/2027 | | | 2,079,000 | | | | 2,054,254 | |
Marathon Oil Corp. | | 5.70% | | 4/1/2034 | | | 1,482,000 | | | | 1,482,542 | |
Matador Resources Co.†(b) | | 6.50% | | 4/15/2032 | | | 1,172,000 | | | | 1,174,886 | |
Matador Resources Co.† | | 6.875% | | 4/15/2028 | | | 2,168,000 | | | | 2,219,653 | |
MC Brazil Downstream Trading SARL (Luxembourg)†(d) | | 7.25% | | 6/30/2031 | | | 2,125,880 | | | | 1,925,989 | |
MEG Energy Corp. (Canada)†(d) | | 5.875% | | 2/1/2029 | | | 3,062,000 | | | | 3,011,472 | |
22 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – BOND DEBENTURE PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount‡ | | | Fair Value | |
Oil & Gas (continued) | | | | | | | | | | | | |
Murphy Oil Corp. | | 6.375% | | 7/15/2028 | | $ | 727,000 | | | $ | 732,374 | |
Nabors Industries, Inc.† | | 7.375% | | 5/15/2027 | | | 1,124,000 | | | | 1,122,841 | |
Noble Finance II LLC† | | 8.00% | | 4/15/2030 | | | 1,002,000 | | | | 1,044,425 | |
Occidental Petroleum Corp. | | 6.125% | | 1/1/2031 | | | 1,899,000 | | | | 1,968,446 | |
Occidental Petroleum Corp. | | 6.625% | | 9/1/2030 | | | 837,000 | | | | 887,689 | |
Occidental Petroleum Corp. | | 7.50% | | 5/1/2031 | | | 1,013,000 | | | | 1,128,237 | |
Occidental Petroleum Corp. | | 8.875% | | 7/15/2030 | | | 1,000,000 | | | | 1,162,635 | |
Ovintiv, Inc. | | 6.50% | | 2/1/2038 | | | 1,948,000 | | | | 2,031,574 | |
Patterson-UTI Energy, Inc. | | 5.15% | | 11/15/2029 | | | 1,562,000 | | | | 1,529,401 | |
Patterson-UTI Energy, Inc. | | 7.15% | | 10/1/2033 | | | 1,203,000 | | | | 1,294,095 | |
Permian Resources Operating LLC† | | 6.875% | | 4/1/2027 | | | 731,000 | | | | 731,732 | |
Petroleos Mexicanos (Mexico)(d) | | 5.35% | | 2/12/2028 | | | 1,589,000 | | | | 1,408,830 | |
Petroleos Mexicanos (Mexico)(d) | | 10.00% | | 2/7/2033 | | | 2,153,000 | | | | 2,145,614 | |
Phillips 66 Co. | | 4.95% | | 12/1/2027 | | | 1,119,000 | | | | 1,120,163 | |
Precision Drilling Corp. (Canada)†(d) | | 6.875% | | 1/15/2029 | | | 1,295,000 | | | | 1,293,798 | |
Raizen Fuels Finance SA (Luxembourg)†(d) | | 6.45% | | 3/5/2034 | | | 816,000 | | | | 837,716 | |
Range Resources Corp.† | | 4.75% | | 2/15/2030 | | | 2,643,000 | | | | 2,466,448 | |
Rockcliff Energy II LLC† | | 5.50% | | 10/15/2029 | | | 1,291,000 | | | | 1,209,300 | |
Seadrill Finance Ltd.† | | 8.375% | | 8/1/2030 | | | 1,084,000 | | | | 1,138,248 | |
SM Energy Co. | | 6.625% | | 1/15/2027 | | | 4,388,000 | | | | 4,387,104 | |
Southwestern Energy Co. | | 5.375% | | 2/1/2029 | | | 1,546,000 | | | | 1,502,911 | |
Southwestern Energy Co. | | 5.375% | | 3/15/2030 | | | 1,659,000 | | | | 1,598,266 | |
Suncor Energy, Inc. (Canada)(d) | | 7.15% | | 2/1/2032 | | | 1,408,000 | | | | 1,560,842 | |
Talos Production, Inc.† | | 9.00% | | 2/1/2029 | | | 859,000 | | | | 912,879 | |
Transocean, Inc.† | | 8.75% | | 2/15/2030 | | | 2,718,000 | | | | 2,835,787 | |
Vermilion Energy, Inc. (Canada)†(d) | | 6.875% | | 5/1/2030 | | | 1,670,000 | | | | 1,632,038 | |
Viper Energy, Inc.† | | 5.375% | | 11/1/2027 | | | 1,751,000 | | | | 1,715,155 | |
Viper Energy, Inc.† | | 7.375% | | 11/1/2031 | | | 784,000 | | | | 815,737 | |
Vital Energy, Inc.† | | 7.75% | | 7/31/2029 | | | 1,921,000 | | | | 1,938,377 | |
Vital Energy, Inc.† | | 7.875% | | 4/15/2032 | | | 1,370,000 | | | | 1,392,814 | |
Vital Energy, Inc. | | 9.75% | | 10/15/2030 | | | 1,161,000 | | | | 1,270,613 | |
Vital Energy, Inc. | | 10.125% | | 1/15/2028 | | | 3,500,000 | | | | 3,675,101 | |
YPF SA (Argentina)(d) | | 9.50% | | 1/17/2031 | | | 1,076,000 | | | | 1,100,513 | |
Total | | | | | | | | | | | 104,527,635 | |
| | | | | | | | | | | | |
Oil & Gas Services 0.67% | | | | | | | | | | | | |
Kodiak Gas Services LLC† | | 7.25% | | 2/15/2029 | | | 1,083,000 | | | | 1,103,851 | |
Oceaneering International, Inc. | | 6.00% | | 2/1/2028 | | | 1,964,000 | | | | 1,936,513 | |
USA Compression Partners LP/USA Compression Finance Corp. | | 6.875% | | 9/1/2027 | | | 1,271,000 | | | | 1,274,818 | |
| See Notes to Schedule of Investments. | 23 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – BOND DEBENTURE PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount‡ | | | Fair Value | |
Oil & Gas Services (continued) | | | | | | | | | | | | |
USA Compression Partners LP/USA Compression Finance Corp.† | | 7.125% | | 3/15/2029 | | $ | 887,000 | | | $ | 898,612 | |
Weatherford International Ltd.† | | 8.625% | | 4/30/2030 | | | 2,101,000 | | | | 2,195,112 | |
Total | | | | | | | | | | | 7,408,906 | |
| | | | | | | | | | | | |
Packaging & Containers 0.83% | | | | | | | | | | | | |
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc. (Ireland)†(d) | | 4.125% | | 8/15/2026 | | | 1,189,000 | | | | 1,077,138 | |
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc. (Ireland)†(d) | | 5.25% | | 8/15/2027 | | | 635,000 | | | | 400,732 | |
LABL, Inc.† | | 6.75% | | 7/15/2026 | | | 989,000 | | | | 977,888 | |
LABL, Inc.† | | 10.50% | | 7/15/2027 | | | 383,000 | | | | 380,174 | |
Mauser Packaging Solutions Holding Co.† | | 7.875% | | 8/15/2026 | | | 1,904,000 | | | | 1,941,130 | |
Mauser Packaging Solutions Holding Co.† | | 9.25% | | 4/15/2027 | | | 1,124,000 | | | | 1,116,317 | |
Owens-Brockway Glass Container, Inc.† | | 7.25% | | 5/15/2031 | | | 1,087,000 | | | | 1,108,470 | |
Sealed Air Corp.† | | 6.875% | | 7/15/2033 | | | 1,060,000 | | | | 1,105,663 | |
Trivium Packaging Finance BV (Netherlands)†(d) | | 5.50% | | 8/15/2026 | | | 1,115,000 | | | | 1,100,352 | |
Total | | | | | | | | | | | 9,207,864 | |
| | | | | | | | | | | | |
Pharmaceuticals 0.52% | | | | | | | | | | | | |
BellRing Brands, Inc.† | | 7.00% | | 3/15/2030 | | | 1,506,000 | | | | 1,553,035 | |
Organon & Co./Organon Foreign Debt Co.-Issuer BV† | | 5.125% | | 4/30/2031 | | | 1,249,000 | | | | 1,111,407 | |
Owens & Minor, Inc.† | | 4.50% | | 3/31/2029 | | | 526,000 | | | | 482,144 | |
Owens & Minor, Inc.† | | 6.625% | | 4/1/2030 | | | 611,000 | | | | 606,942 | |
Perrigo Finance Unlimited Co. (Ireland)(d) | | 4.65% | | 6/15/2030 | | | 1,197,000 | | | | 1,101,370 | |
Teva Pharmaceutical Finance Netherlands III BV (Netherlands)(d) | | 3.15% | | 10/1/2026 | | | 979,000 | | | | 916,042 | |
Total | | | | | | | | | | | 5,770,940 | |
| | | | | | | | | | | | |
Pipelines 3.26% | | | | | | | | | | | | |
AI Candelaria Spain SA (Spain)†(d) | | 5.75% | | 6/15/2033 | | | 1,646,000 | | | | 1,337,143 | |
AI Candelaria Spain SA (Spain)(d) | | 5.75% | | 6/15/2033 | | | 1,012,000 | | | | 822,107 | |
AI Candelaria Spain SA (Spain)(d) | | 5.75% | | 6/15/2033 | | | 251,000 | | | | 203,902 | |
AI Candelaria Spain SA (Spain)†(d) | | 7.50% | | 12/15/2028 | | | 1,072,498 | | | | 1,051,168 | |
Boardwalk Pipelines LP | | 5.625% | | 8/1/2034 | | | 1,659,000 | | | | 1,660,381 | |
Cheniere Energy Partners LP | | 3.25% | | 1/31/2032 | | | 1,350,000 | | | | 1,151,043 | |
Colonial Enterprises, Inc.† | | 3.25% | | 5/15/2030 | | | 1,241,000 | | | | 1,120,844 | |
Columbia Pipelines Operating Co. LLC† | | 5.927% | | 8/15/2030 | | | 651,000 | | | | 668,181 | |
CQP Holdco LP/BIP-V Chinook Holdco LLC† | | 5.50% | | 6/15/2031 | | | 2,373,000 | | | | 2,244,659 | |
Delek Logistics Partners LP/Delek Logistics Finance Corp.† | | 8.625% | | 3/15/2029 | | | 1,626,000 | | | | 1,661,510 | |
24 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – BOND DEBENTURE PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount‡ | | | Fair Value | |
Pipelines (continued) | | | | | | | | | | | | |
DT Midstream, Inc.† | | 4.30% | | 4/15/2032 | | $ | 1,293,000 | | | $ | 1,175,865 | |
EnLink Midstream LLC† | | 6.50% | | 9/1/2030 | | | 1,587,000 | | | | 1,634,151 | |
EQM Midstream Partners LP† | | 6.375% | | 4/1/2029 | | | 1,037,000 | | | | 1,045,430 | |
EQM Midstream Partners LP† | | 6.50% | | 7/1/2027 | | | 1,536,000 | | | | 1,550,952 | |
Hess Midstream Operations LP† | | 5.125% | | 6/15/2028 | | | 918,000 | | | | 889,052 | |
Kinder Morgan, Inc. | | 5.20% | | 6/1/2033 | | | 1,059,000 | | | | 1,043,482 | |
NGPL PipeCo LLC† | | 3.25% | | 7/15/2031 | | | 1,530,000 | | | | 1,308,076 | |
NGPL PipeCo LLC† | | 4.875% | | 8/15/2027 | | | 852,000 | | | | 831,579 | |
ONEOK, Inc. | | 3.95% | | 3/1/2050 | | | 913,000 | | | | 673,946 | |
ONEOK, Inc. | | 4.45% | | 9/1/2049 | | | 1,063,000 | | | | 865,190 | |
ONEOK, Inc. | | 6.05% | | 9/1/2033 | | | 1,596,000 | | | | 1,665,326 | |
Sabal Trail Transmission LLC† | | 4.246% | | 5/1/2028 | | | 1,125,000 | | | | 1,088,841 | |
Venture Global Calcasieu Pass LLC† | | 4.125% | | 8/15/2031 | | | 1,293,000 | | | | 1,150,711 | |
Venture Global LNG, Inc.† | | 8.125% | | 6/1/2028 | | | 659,000 | | | | 672,715 | |
Venture Global LNG, Inc.† | | 8.375% | | 6/1/2031 | | | 1,186,000 | | | | 1,223,826 | |
Venture Global LNG, Inc.† | | 9.50% | | 2/1/2029 | | | 1,243,000 | | | | 1,340,561 | |
Western Midstream Operating LP | | 4.05% | | 2/1/2030 | | | 3,702,000 | | | | 3,456,378 | |
Western Midstream Operating LP | | 6.35% | | 1/15/2029 | | | 1,053,000 | | | | 1,092,906 | |
Williams Cos., Inc. | | 5.65% | | 3/15/2033 | | | 1,485,000 | | | | 1,524,193 | |
Total | | | | | | | | | | | 36,154,118 | |
| | | | | | | | | | | | |
Real Estate 0.31% | | | | | | | | | | | | |
Cushman & Wakefield U.S. Borrower LLC† | | 6.75% | | 5/15/2028 | | | 1,104,000 | | | | 1,091,048 | |
Hunt Cos., Inc.† | | 5.25% | | 4/15/2029 | | | 1,866,000 | | | | 1,708,643 | |
Newmark Group, Inc.† | | 7.50% | | 1/12/2029 | | | 610,000 | | | | 627,893 | |
Total | | | | | | | | | | | 3,427,584 | |
| | | | | | | | | | | | |
REITS 1.29% | | | | | | | | | | | | |
Brixmor Operating Partnership LP | | 5.50% | | 2/15/2034 | | | 1,187,000 | | | | 1,172,667 | |
EPR Properties | | 3.60% | | 11/15/2031 | | | 330,000 | | | | 276,035 | |
EPR Properties | | 3.75% | | 8/15/2029 | | | 233,000 | | | | 206,000 | |
GLP Capital LP/GLP Financing II, Inc. | | 4.00% | | 1/15/2030 | | | 1,272,000 | | | | 1,162,077 | |
GLP Capital LP/GLP Financing II, Inc. | | 4.00% | | 1/15/2031 | | | 1,278,000 | | | | 1,141,262 | |
GLP Capital LP/GLP Financing II, Inc. | | 5.75% | | 6/1/2028 | | | 1,000,000 | | | | 1,001,529 | |
Goodman U.S. Finance Five LLC† | | 4.625% | | 5/4/2032 | | | 1,095,000 | | | | 1,005,932 | |
Kite Realty Group LP | | 5.50% | | 3/1/2034 | | | 474,000 | | | | 471,186 | |
Rayonier LP | | 2.75% | | 5/17/2031 | | | 2,532,000 | | | | 2,091,860 | |
Regency Centers LP | | 5.25% | | 1/15/2034 | | | 711,000 | | | | 708,561 | |
Retail Opportunity Investments Partnership LP | | 6.75% | | 10/15/2028 | | | 1,147,000 | | | | 1,188,680 | |
| See Notes to Schedule of Investments. | 25 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – BOND DEBENTURE PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount‡ | | | Fair Value | |
REITS (continued) | | | | | | | | | | | | |
VICI Properties LP/VICI Note Co., Inc.† | | 4.625% | | 6/15/2025 | | $ | 1,101,000 | | | $ | 1,085,062 | |
VICI Properties LP/VICI Note Co., Inc.† | | 4.625% | | 12/1/2029 | | | 2,948,000 | | | | 2,789,839 | |
Total | | | | | | | | | | | 14,300,690 | |
| | | | | | | | | | | | |
Retail 2.41% | | | | | | | | | | | | |
1011778 BC ULC/New Red Finance, Inc. (Canada)†(d) | | 4.00% | | 10/15/2030 | | | 1,294,000 | | | | 1,153,888 | |
Advance Auto Parts, Inc. | | 3.50% | | 3/15/2032 | | | 1,465,000 | | | | 1,256,982 | |
Advance Auto Parts, Inc. | | 3.90% | | 4/15/2030 | | | 1,262,000 | | | | 1,145,209 | |
Alimentation Couche-Tard, Inc. (Canada)†(d) | | 5.267% | | 2/12/2034 | | | 830,000 | | | | 828,199 | |
Bath & Body Works, Inc. | | 5.25% | | 2/1/2028 | | | 1,060,000 | | | | 1,038,902 | |
Carvana Co.† | | 13.00% | | 6/1/2030 | | | 1,187,000 | | | | 1,158,684 | |
Dick’s Sporting Goods, Inc. | | 4.10% | | 1/15/2052 | | | 2,222,000 | | | | 1,612,469 | |
Gap, Inc.† | | 3.875% | | 10/1/2031 | | | 2,669,000 | | | | 2,260,445 | |
Global Auto Holdings Ltd./AAG FH U.K. Ltd. (United Kingdom)†(d) | | 8.375% | | 1/15/2029 | | | 1,510,000 | | | | 1,476,954 | |
Global Auto Holdings Ltd./AAG FH U.K. Ltd. (United Kingdom)†(d) | | 8.75% | | 1/15/2032 | | | 766,000 | | | | 741,913 | |
LBM Acquisition LLC† | | 6.25% | | 1/15/2029 | | | 1,247,000 | | | | 1,170,394 | |
Murphy Oil USA, Inc. | | 4.75% | | 9/15/2029 | | | 1,500,000 | | | | 1,423,812 | |
NMG Holding Co., Inc./Neiman Marcus Group LLC† | | 7.125% | | 4/1/2026 | | | 1,118,000 | | | | 1,095,835 | |
PetSmart, Inc./PetSmart Finance Corp.† | | 4.75% | | 2/15/2028 | | | 985,000 | | | | 923,152 | |
PetSmart, Inc./PetSmart Finance Corp.† | | 7.75% | | 2/15/2029 | | | 1,697,000 | | | | 1,653,442 | |
SRS Distribution, Inc.† | | 4.625% | | 7/1/2028 | | | 1,478,000 | | | | 1,490,313 | |
Staples, Inc.† | | 7.50% | | 4/15/2026 | | | 1,169,000 | | | | 1,142,039 | |
Staples, Inc.† | | 10.75% | | 4/15/2027 | | | 1,302,000 | | | | 1,238,800 | |
Stonegate Pub Co. Financing 2019 PLC | | 8.25% | | 7/31/2025 | | GBP | 1,515,000 | | | | 1,855,987 | |
Tiffany & Co. | | 4.90% | | 10/1/2044 | | $ | 1,466,000 | | | | 1,388,465 | |
White Cap Buyer LLC† | | 6.875% | | 10/15/2028 | | | 686,000 | | | | 673,658 | |
Total | | | | | | | | | | | 26,729,542 | |
| | | | | | | | | | | | |
Savings & Loans 0.00% | | | | | | | | | | | | |
Washington Mutual Bank/Debt not acquired by JPMorgan(j) | | 6.875% | | 6/15/2011 | | | 1,250,000 | | | | – | (f)(i) |
| | | | | | | | | | | | |
Semiconductors 0.82% | | | | | | | | | | | | |
Entegris, Inc.† | | 4.75% | | 4/15/2029 | | | 1,024,000 | | | | 982,488 | |
Marvell Technology, Inc. | | 5.95% | | 9/15/2033 | | | 1,107,000 | | | | 1,147,721 | |
Micron Technology, Inc. | | 5.30% | | 1/15/2031 | | | 665,000 | | | | 669,090 | |
ON Semiconductor Corp.† | | 3.875% | | 9/1/2028 | | | 1,171,000 | | | | 1,077,032 | |
Qorvo, Inc.† | | 3.375% | | 4/1/2031 | | | 1,324,000 | | | | 1,139,850 | |
26 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – BOND DEBENTURE PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount‡ | | | Fair Value | |
Semiconductors (continued) | | | | | | | | | | | | |
Qorvo, Inc. | | 4.375% | | 10/15/2029 | | $ | 1,083,000 | | | $ | 1,016,085 | |
SK Hynix, Inc. (South Korea)†(d) | | 5.50% | | 1/16/2029 | | | 1,398,000 | | | | 1,395,183 | |
SK Hynix, Inc. (South Korea)(d) | | 6.50% | | 1/17/2033 | | | 1,564,000 | | | | 1,667,598 | |
Total | | | | | | | | | | | 9,095,047 | |
| | | | | | | | | | | | |
Shipbuilding 0.17% | | | | | | | | | | | | |
Huntington Ingalls Industries, Inc. | | 4.20% | | 5/1/2030 | | | 2,060,000 | | | | 1,933,172 | |
| | | | | | | | | | | | |
Software 1.81% | | | | | | | | | | | | |
AthenaHealth Group, Inc.† | | 6.50% | | 2/15/2030 | | | 1,929,000 | | | | 1,766,296 | |
Cloud Software Group, Inc.† | | 6.50% | | 3/31/2029 | | | 2,910,000 | | | | 2,763,893 | |
Cloud Software Group, Inc.† | | 9.00% | | 9/30/2029 | | | 3,442,000 | | | | 3,304,568 | |
Constellation Software, Inc. (Canada)†(d) | | 5.461% | | 2/16/2034 | | | 712,000 | | | | 716,993 | |
Intuit, Inc. | | 5.50% | | 9/15/2053 | | | 1,062,000 | | | | 1,103,235 | |
MSCI, Inc.† | | 3.25% | | 8/15/2033 | | | 1,483,000 | | | | 1,223,153 | |
MSCI, Inc.† | | 3.875% | | 2/15/2031 | | | 3,447,000 | | | | 3,076,783 | |
MSCI, Inc.† | | 4.00% | | 11/15/2029 | | | 1,449,000 | | | | 1,340,957 | |
ROBLOX Corp.† | | 3.875% | | 5/1/2030 | | | 1,928,000 | | | | 1,699,923 | |
Roper Technologies, Inc. | | 1.75% | | 2/15/2031 | | | 960,000 | | | | 773,308 | |
Twilio, Inc. | | 3.625% | | 3/15/2029 | | | 757,000 | | | | 681,582 | |
Twilio, Inc. | | 3.875% | | 3/15/2031 | | | 719,000 | | | | 628,334 | |
Workday, Inc. | | 3.80% | | 4/1/2032 | | | 1,079,000 | | | | 983,061 | |
Total | | | | | | | | | | | 20,062,086 | |
| | | | | | | | | | | | |
Telecommunications 1.92% | | | | | | | | | | | | |
Altice France SA (France)†(d) | | 5.50% | | 10/15/2029 | | | 1,383,000 | | | | 940,147 | |
Altice France SA (France)†(d) | | 8.125% | | 2/1/2027 | | | 2,251,000 | | | | 1,761,494 | |
Connect Finco SARL/Connect U.S. Finco LLC (Luxembourg)†(d) | | 6.75% | | 10/1/2026 | | | 1,264,000 | | | | 1,239,927 | |
Frontier Communications Holdings LLC† | | 5.875% | | 10/15/2027 | | | 2,402,000 | | | | 2,327,361 | |
Frontier Communications Holdings LLC† | | 6.00% | | 1/15/2030 | | | 61,000 | | | | 51,736 | |
Frontier Communications Holdings LLC† | | 6.75% | | 5/1/2029 | | | 3,016,000 | | | | 2,691,131 | |
Frontier Communications Holdings LLC† | | 8.75% | | 5/15/2030 | | | 2,295,000 | | | | 2,350,327 | |
Hughes Satellite Systems Corp. | | 5.25% | | 8/1/2026 | | | 1,834,000 | | | | 1,527,864 | |
Level 3 Financing, Inc.† | | 11.00% | | 11/15/2029 | | | 734,326 | | | | 764,617 | |
Lumen Technologies, Inc.† | | 4.125% | | 4/15/2029 | | | 372,762 | | | | 236,704 | |
Lumen Technologies, Inc.† | | 4.125% | | 4/15/2030 | | | 372,761 | | | | 232,976 | |
Sprint Capital Corp. | | 6.875% | | 11/15/2028 | | | 2,527,000 | | | | 2,694,874 | |
Vmed O2 U.K. Financing I PLC (United Kingdom)†(d) | | 4.25% | | 1/31/2031 | | | 3,935,000 | | | | 3,335,313 | |
Vmed O2 U.K. Financing I PLC (United Kingdom)†(d) | | 4.75% | | 7/15/2031 | | | 1,253,000 | | | | 1,081,162 | |
Total | | | | | | | | | | | 21,235,633 | |
| See Notes to Schedule of Investments. | 27 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – BOND DEBENTURE PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount‡ | | | Fair Value | |
Transportation 0.31% | | | | | | | | | | | | |
Central Japan Railway Co. (Japan)†(d) | | 4.25% | | 11/24/2045 | | $ | 1,524,000 | | | $ | 1,308,173 | |
Rand Parent LLC† | | 8.50% | | 2/15/2030 | | | 1,099,000 | | | | 1,089,906 | |
XPO, Inc.† | | 7.125% | | 2/1/2032 | | | 961,000 | | | | 989,971 | |
Total | | | | | | | | | | | 3,388,050 | |
| | | | | | | | | | | | |
Trucking & Leasing 0.16% | | | | | | | | | | | | |
Fortress Transportation & Infrastructure Investors LLC† | | 5.50% | | 5/1/2028 | | | 1,770,000 | | | | 1,716,898 | |
Total Corporate Bonds (cost $780,406,659) | | | | | | | | | | | 771,909,600 | |
| | | | | | | | | | | | |
FLOATING RATE LOANS(k) 4.14% | | | | | | | | | | | | |
| | | | | | | | | | | | |
Aerospace/Defense 0.18% | | | | | | | | | | | | |
Alloy Finco Ltd. 2020 USD Term Loan B2 (Jersey)(d) | | 12.072% (3 mo. USD Term SOFR + 6.50% | ) | 12/6/2024 | | | 656,228 | | | | 655,407 | |
Alloy Finco Ltd. USD Holdco PIK Term Loan 13.50% (Jersey)(d) | | 0.50% | | 3/6/2025 | | | 1,570,535 | | | | 1,335,936 | |
Bleriot U.S. Bidco, Inc. 2023 Term Loan B | | – | (l) | 10/31/2028 | | | 1,832 | | | | 1,839 | |
Total | | | | | | | | | | | 1,993,182 | |
| | | | | | | | | | | | |
Automotive 0.10% | | | | | | | | | | | | |
DexKo Global, Inc. 2021 USD Term Loan B | | 9.321% (3 mo. USD Term SOFR + 3.75% | ) | 10/4/2028 | | | 1,142,987 | | | | 1,133,700 | |
| | | | | | | | | | | | |
Beverages 0.10% | | | | | | | | | | | | |
Triton Water Holdings, Inc. Term Loan | | 8.562% (3 mo. USD Term SOFR + 3.25% | ) | 3/31/2028 | | | 1,104,162 | | | | 1,093,954 | |
| | | | | | | | | | | | |
Building Materials 0.33% | | | | | | | | | | | | |
ACProducts, Inc. 2021 Term Loan B | | 9.814% (3 mo. USD Term SOFR + 4.25% | ) | 5/17/2028 | | | 334,515 | | | | 306,187 | |
CP Atlas Buyer, Inc. 2021 Term Loan B | | 9.18% (1 mo. USD Term SOFR + 3.75% | ) | 11/23/2027 | | | 891,371 | | | | 882,341 | |
MI Windows and Doors LLC 2024 Term Loan B2 | | – | (l) | 3/21/2031 | | | 480,000 | | | | 482,851 | |
Quikrete Holdings, Inc. 2024 Term Loan B | | – | (l) | 3/25/2031 | | | 1,007,000 | | | | 1,008,682 | |
Quikrete Holdings, Inc. 2024 Term Loan B1 | | – | (l) | 3/19/2029 | | | 1,007,000 | | | | 1,008,662 | |
Total | | | | | | | | | | | 3,688,723 | |
| | | | | | | | | | | | |
Chemicals 0.10% | | | | | | | | | | | | |
Iris Holding, Inc. Term Loan | | 10.163% (3 mo. USD Term SOFR + 4.75% | ) | 6/28/2028 | | | 1,122,453 | | | | 1,075,680 | |
28 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – BOND DEBENTURE PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount‡ | | | Fair Value | |
Construction & Engineering 0.10% | | | | | | | | | | | | |
Brand Industrial Services, Inc. 2023 Term Loan B | | 10.806% (3 mo. USD Term SOFR + 5.50% | ) | 8/1/2030 | | $ | 1,065,469 | | | $ | 1,071,366 | |
| | | | | | | | | | | | |
Consumer Non-Durables 0.08% | | | | | | | | | | | | |
Anastasia Parent LLC 2018 Term Loan B | | 9.321% (3 mo. USD Term SOFR + 3.75% | ) | 8/11/2025 | | | 1,212,006 | | | | 888,013 | |
| | | | | | | | | | | | |
Diversified Capital Goods 0.11% | | | | | | | | | | | | |
CeramTec AcquiCo GmbH 2022 EUR Term Loan B | | 7.452% (3 mo. EURIBOR + 3.50% | ) | 3/16/2029 | | EUR | 1,162,111 | | | | 1,241,206 | |
| | | | | | | | | | | | |
Diversified Financial Services 0.15% | | | | | | | | | | | | |
Jane Street Group LLC 2024 Term Loan B | | 7.942% (1 mo. USD Term SOFR + 2.50% | ) | 1/26/2028 | | $ | 1,695,619 | | | | 1,698,374 | |
| | | | | | | | | | | | |
Electric 0.00% | | | | | | | | | | | | |
Helix Gen Funding LLC 2023 Term Loan | | 10.059% (3 mo. USD Term SOFR + 4.75% | ) | 12/31/2027 | | | 353 | | | | 356 | |
| | | | | | | | | | | | |
Electric: Generation 0.02% | | | | | | | | | | | | |
Astoria Energy LLC 2020 Term Loan B | | 8.942% (3 mo. USD Term SOFR + 3.50% | ) | 12/10/2027 | | | 25,475 | | | | 25,555 | |
Frontera Generation Holdings LLC 2021 2nd Lien Term Loan | | 7.064% (3 mo. USD Term SOFR + 1.50% | ) | 7/28/2028 | | | 129,376 | | | | 78,919 | |
Frontera Generation Holdings LLC 2021 Term Loan | | 18.564% (3 mo. USD Term SOFR + 13.00% | ) | 7/28/2026 | | | 133,293 | | | | 156,453 | |
Total | | | | | | | | | | | 260,927 | |
| | | | | | | | | | | | |
Entertainment 0.15% | | | | | | | | | | | | |
Motion Finco SARL 2024 USD Term Loan B (Luxembourg)(d) | | 9.071% (3 mo. USD Term SOFR + 3.50% | ) | 11/12/2029 | | | 1,700,000 | | | | 1,699,363 | |
| | | | | | | | | | | | |
Gas Distribution 0.10% | | | | | | | | | | | | |
Freeport LNG Investments LLLP Term Loan B | | 9.079% (3 mo. USD Term SOFR + 3.50% | ) | 12/21/2028 | | | 1,139,961 | | | | 1,133,680 | |
| See Notes to Schedule of Investments. | 29 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – BOND DEBENTURE PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount‡ | | | Fair Value | |
Health Care Products 0.20% | | | | | | | | | | | | |
Bausch & Lomb Corp. Term Loan (Canada)(d) | | 8.677% (1 mo. USD Term SOFR + 3.25% | ) | 5/10/2027 | | $ | 2,260,940 | | | $ | 2,240,026 | |
| | | | | | | | | | | | |
Health Care Services 0.06% | | | | | | | | | | | | |
Pacific Dental Services LLC 2024 Term Loan B | | – | (l) | 3/7/2031 | | | 652,022 | | | | 652,974 | |
| | | | | | | | | | | | |
Healthcare 0.20% | | | | | | | | | | | | |
Athenahealth Group, Inc. 2022 Term Loan B | | 8.58% (1 mo. USD Term SOFR + 3.25% | ) | 2/15/2029 | | | 1,069,490 | | | | 1,062,057 | |
eResearchTechnology, Inc. 2020 1st Lien Term Loan | | 9.829% (1 mo. USD Term SOFR + 4.50% | ) | 2/4/2027 | | | 1,138,955 | | | | 1,143,682 | |
Total | | | | | | | | | | | 2,205,739 | |
| | | | | | | | | | | | |
Information Technology 0.26% | | | | | | | | | | | | |
Cloud Software Group, Inc. 2022 USD Term Loan B | | 9.909% (2 mo. USD Term SOFR + 4.50% (3 mo. USD Term SOFR + 4.50% | )
) | 3/30/2029 | | | 1,171,888 | | | | 1,167,886 | |
McAfee LLC 2022 USD Term Loan B | | 9.176% (1 mo. USD Term SOFR + 3.75% | ) | 3/1/2029 | | | 1,655,787 | | | | 1,656,598 | |
Total | | | | | | | | | | | 2,824,484 | |
| | | | | | | | | | | | |
Machinery: Diversified 0.21% | | | | | | | | | | | | |
LSF12 Badger Bidco LLC Term Loan B | | 11.33% (1 mo. USD Term SOFR + 6.00% | ) | 8/30/2030 | | | 1,143,146 | | | | 1,149,582 | |
SPX Flow, Inc. 2022 Term Loan | | 9.927% (1 mo. USD Term SOFR + 4.50% | ) | 4/5/2029 | | | 1,147,400 | | | | 1,153,556 | |
Total | | | | | | | | | | | 2,303,138 | |
| | | | | | | | | | | | |
Manufacturing 0.02% | | | | | | | | | | | | |
II-VI, Inc. 2022 Term Loan B | | 8.195% (1 mo. USD Term SOFR + 2.75% | ) | 7/2/2029 | | | 211,643 | | | | 212,331 | |
| | | | | | | | | | | | |
Media 0.34% | | | | | | | | | | | | |
Cengage Learning, Inc. 2024 Term Loan B | | 9.579% (3 mo. USD Term SOFR + 4.25% | ) | 3/15/2031 | | | 1,053,000 | | | | 1,053,163 | |
Sinclair Television Group, Inc. 2021 Term Loan B3 | | 8.445% (1 mo. USD Term SOFR + 3.00% | ) | 4/1/2028 | | | 1,225,426 | | | | 988,514 | |
30 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – BOND DEBENTURE PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount‡ | | | Fair Value | |
Media (continued) | | | | | | | | | | | | |
Sinclair Television Group, Inc. 2022 Term Loan B4 | | 9.18% (1 mo. USD Term SOFR + 3.75% | ) | 4/21/2029 | | $ | 66,256 | | | $ | 53,198 | |
Virgin Media Bristol LLC 2023 USD Term Loan Y | | 8.79% (6 mo. USD Term SOFR + 3.25% | ) | 3/31/2031 | | | 1,703,000 | | | | 1,680,052 | |
Total | | | | | | | | | | | 3,774,927 | |
| | | | | | | | | | | | |
Metal Fabricate/Hardware 0.19% | | | | | | | | | | | | |
Crosby U.S. Acquisition Corp. 2024 Term Loan B | | 9.327% (1 mo. USD Term SOFR + 4.00% | ) | 8/16/2029 | | | 1,107,838 | | | | 1,115,338 | |
Tank Holding Corp. 2022 Term Loan | | 11.177% (1 mo. USD Term SOFR + 5.75% | ) | 3/31/2028 | | | 1,032,313 | | | | 1,022,155 | |
Total | | | | | | | | | | | 2,137,493 | |
| | | | | | | | | | | | |
Oil & Gas 0.10% | | | | | | | | | | | | |
Parkway Generation LLC Term Loan B | | 10.324% (3 mo. USD Term SOFR + 4.75% | ) | 2/18/2029 | | | 1,008,728 | | | | 1,007,719 | |
Parkway Generation LLC Term Loan C | | 10.324% (3 mo. USD Term SOFR + 4.75% | ) | 2/18/2029 | | | 134,002 | | | | 133,868 | |
Total | | | | | | | | | | | 1,141,587 | |
| | | | | | | | | | | | |
Personal & Household Products 0.00% | | | | | | | | | | | | |
FGI Operating Co. LLC Exit Term Loan | | – | (l) | 5/16/2024 | | | 77,716 | | | | 9,753 | (m) |
| | | | | | | | | | | | |
Real Estate 0.03% | | | | | | | | | | | | |
Cushman & Wakefield U.S. Borrower LLC 2023 Term Loan B | | 9.33% (1 mo. USD Term SOFR + 4.00% | ) | 1/31/2030 | | | 260,632 | | | | 261,609 | |
| | | | | | | | | | | | |
Retail 0.29% | | | | | | | | | | | | |
IRB Holding Corp. 2024 Term Loan B | | 8.177% (1 mo. USD Term SOFR + 2.75% | ) | 12/15/2027 | | | 1,492,000 | | | | 1,494,104 | |
Restoration Hardware, Inc. Term Loan B | | 7.942% (1 mo. USD Term SOFR + 2.50% | ) | 10/20/2028 | | | 1,787,900 | | | | 1,747,252 | |
Total | | | | | | | | | | | 3,241,356 | |
| | | | | | | | | | | | |
Semiconductors 0.13% | | | | | | | | | | | | |
MKS Instruments, Inc. 2023 USD Term Loan B | | 7.823% (1 mo. USD Term SOFR + 2.50% | ) | 8/17/2029 | | | 1,389,747 | | | | 1,392,499 | |
| See Notes to Schedule of Investments. | 31 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – BOND DEBENTURE PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount‡ | | | Fair Value | |
Service 0.10% | | | | | | | | | | | | |
Brown Group Holding LLC 2022 Incremental Term Loan B2 | | 8.327% (1 mo. USD Term SOFR + 3.00% | ) | 7/2/2029 | | $ | 1,135,065 | | | $ | 1,136,416 | |
| | | | | | | | | | | | |
Software 0.34% | | | | | | | | | | | | |
Applied Systems, Inc. 2024 1st Lien Term Loan | | 8.809% (3 mo. USD Term SOFR + 3.50% | ) | 2/24/2031 | | | 1,144,399 | | | | 1,152,575 | |
Banff Merger Sub, Inc. 2023 USD Term Loan | | 9.58% (1 mo. USD Term SOFR + 4.25% | ) | 12/29/2028 | | | 1,090,807 | | | | 1,099,102 | |
Project Alpha Intermediate Holding, Inc. 2023 1st Lien Term Loan B | | 10.063% (3 mo. USD Term SOFR + 4.75% | ) | 10/28/2030 | | | 1,463,000 | | | | 1,472,649 | |
Total | | | | | | | | | | | 3,724,326 | |
| | | | | | | | | | | | |
Utilities 0.15% | | | | | | | | | | | | |
Calpine Corp. 2024 Term Loan B10 | | – | (l) | 1/31/2031 | | | 278,127 | | | | 276,750 | |
Calpine Corp. Term Loan B9 | | – | (l) | 1/31/2031 | | | 1,373,873 | | | | 1,367,718 | |
Total | | | | | | | | | | | 1,644,468 | |
Total Floating Rate Loans (cost $45,963,308) | | | | | | | | | | | 45,881,650 | |
| | | | | | | | | | | | |
FOREIGN GOVERNMENT OBLIGATIONS 5.13% | | | | | | | | | | | | |
| | | | | | | | | | | | |
Angola 0.25% | | | | | | | | | | | | |
Angola Government International Bonds(d) | | 9.375% | | 5/8/2048 | | | 3,148,000 | | | | 2,724,345 | |
| | | | | | | | | | | | |
Argentina 0.27% | | | | | | | | | | | | |
Argentina Republic Government International Bonds(d) | | 0.75% | (n) | 7/9/2030 | | | 5,764,869 | | | | 3,034,051 | |
| | | | | | | | | | | | |
Benin 0.06% | | | | | | | | | | | | |
Benin Government International Bonds†(d) | | 7.96% | | 2/13/2038 | | | 635,000 | | | | 619,522 | |
| | | | | | | | | | | | |
Brazil 0.19% | | | | | | | | | | | | |
Brazil Notas do Tesouro Nacional | | 10.00% | | 1/1/2029 | | BRL | 11,000,000 | | | | 2,145,531 | |
| | | | | | | | | | | | |
Colombia 0.15% | | | | | | | | | | | | |
Colombia Government International Bonds(d) | | 8.00% | | 4/20/2033 | | $ | 1,575,000 | | | | 1,665,532 | |
| | | | | | | | | | | | |
Costa Rica 0.25% | | | | | | | | | | | | |
Costa Rica Government International Bonds†(d) | | 7.158% | | 3/12/2045 | | | 2,596,000 | | | | 2,724,443 | |
| | | | | | | | | | | | |
Dominican Republic 0.43% | | | | | | | | | | | | |
Dominican Republic International Bonds†(d) | | 6.00% | | 2/22/2033 | | | 4,891,000 | | | | 4,761,308 | |
32 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – BOND DEBENTURE PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount‡ | | | Fair Value | |
Ecuador 0.20% | | | | | | | | | | | | |
Ecuador Government International Bonds†(d) | | 6.00% | (n) | 7/31/2030 | | $ | 3,304,551 | | | $ | 2,249,202 | |
| | | | | | | | | | | | |
Egypt 0.12% | | | | | | | | | | | | |
Egypt Government International Bonds(d) | | 8.50% | | 1/31/2047 | | | 239,000 | | | | 190,211 | |
Egypt Government International Bonds(d) | | 8.50% | | 1/31/2047 | | | 1,419,000 | | | | 1,129,325 | |
Total | | | | | | | | | | | 1,319,536 | |
| | | | | | | | | | | | |
El Salvador 0.33% | | | | | | | | | | | | |
El Salvador Government International Bonds(d) | | 8.625% | | 2/28/2029 | | | 4,234,000 | | | | 3,693,162 | |
| | | | | | | | | | | | |
Gabon 0.12% | | | | | | | | | | | | |
Gabon Government International Bonds(d) | | 6.95% | | 6/16/2025 | | | 444,000 | | | | 436,341 | |
Gabon Government International Bonds(d) | | 6.95% | | 6/16/2025 | | | 954,000 | | | | 937,543 | |
Total | | | | | | | | | | | 1,373,884 | |
| | | | | | | | | | | | |
Kenya 0.20% | | | | | | | | | | | | |
Republic of Kenya Government International Bonds(d) | | 7.00% | | 5/22/2027 | | | 1,067,000 | | | | 1,042,451 | |
Republic of Kenya Government International Bonds†(d) | | 9.75% | | 2/16/2031 | | | 1,141,000 | | | | 1,171,664 | |
Total | | | | | | | | | | | 2,214,115 | |
| | | | | | | | | | | | |
Mexico 0.34% | | | | | | | | | | | | |
Mexico Bonos | | 7.50% | | 5/26/2033 | | MXN | 70,000,000 | | | | 3,751,860 | |
| | | | | | | | | | | | |
Montenegro 0.08% | | | | | | | | | | | | |
Montenegro Government International Bonds†(d) | | 7.25% | | 3/12/2031 | | $ | 923,000 | | | | 940,403 | |
| | | | | | | | | | | | |
Nigeria 0.35% | | | | | | | | | | | | |
Nigeria Government International Bonds(d) | | 7.143% | | 2/23/2030 | | | 3,077,000 | | | | 2,802,144 | |
Nigeria Government International Bonds(d) | | 7.625% | | 11/28/2047 | | | 1,421,000 | | | | 1,107,513 | |
Total | | | | | | | | | | | 3,909,657 | |
| | | | | | | | | | | | |
Panama 0.19% | | | | | | | | | | | | |
Panama Government International Bonds(d) | | 6.40% | | 2/14/2035 | | | 785,000 | | | | 743,261 | |
Panama Government International Bonds(d) | | 7.50% | | 3/1/2031 | | | 451,000 | | | | 468,608 | |
Panama Government International Bonds(d) | | 9.375% | | 4/1/2029 | | | 793,000 | | | | 889,184 | |
Total | | | | | | | | | | | 2,101,053 | |
| | | | | | | | | | | | |
Paraguay 0.06% | | | | | | | | | | | | |
Paraguay Government International Bonds† | | 7.90% | | 2/9/2031 | | PYG | 4,329,000,000 | | | | 608,601 | |
| | | | | | | | | | | | |
Senegal 0.34% | | | | | | | | | | | | |
Senegal Government International Bonds†(d) | | 6.25% | | 5/23/2033 | | $ | 4,458,000 | | | | 3,810,935 | |
| See Notes to Schedule of Investments. | 33 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – BOND DEBENTURE PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount‡ | | | Fair Value | |
Serbia 0.20% | | | | | | | | | | | | |
Serbia International Bonds†(d) | | 6.25% | | 5/26/2028 | | $ | 2,144,000 | | | $ | 2,192,279 | |
| | | | | | | | | | | | |
Sri Lanka 0.13% | | | | | | | | | | | | |
Sri Lanka Government International Bonds†(d)(j) | | 5.875% | | 7/25/2022 | | | 2,340,000 | | | | 1,389,068 | |
| | | | | | | | | | | | |
Turkey 0.63% | | | | | | | | | | | | |
Istanbul Metropolitan Municipality†(d) | | 10.50% | | 12/6/2028 | | | 1,074,000 | | | | 1,151,919 | |
Turkiye Government International Bonds(d) | | 5.125% | | 2/17/2028 | | | 4,668,000 | | | | 4,440,267 | |
Turkiye Government International Bonds(d) | | 9.375% | | 3/14/2029 | | | 1,300,000 | | | | 1,416,220 | |
Total | | | | | | | | | | | 7,008,406 | |
| | | | | | | | | | | | |
Uruguay 0.21% | | | | | | | | | | | | |
Uruguay Government International Bonds | | 9.75% | | 7/20/2033 | | UYU | 82,483,888 | | | | 2,312,031 | |
| | | | | | | | | | | | |
Venezuela 0.03% | | | | | | | | | | | | |
Venezuela Government International Bonds(b)(d)(j) | | 11.75% | | 10/21/2026 | | $ | 1,826,400 | | | | 338,849 | |
Venezuela Government International Bonds(d)(j) | | 12.75% | | 8/23/2022 | | | 237,800 | | | | 41,603 | |
Total | | | | | | | | | | | 380,452 | |
Total Foreign Government Obligations (cost $54,543,842) | | | | | | | | | 56,929,376 | |
| | | | | | | | | | | | |
GOVERNMENT SPONSORED ENTERPRISES PASS-THROUGHS 9.47% | | | | | | | | | |
Government National Mortgage Association(o) | | 2.50% | | TBA | | | 1,732,000 | | | | 1,476,463 | |
Government National Mortgage Association(o) | | 3.00% | | TBA | | | 7,324,000 | | | | 6,463,922 | |
Government National Mortgage Association(o) | | 3.50% | | TBA | | | 3,025,000 | | | | 2,754,742 | |
Government National Mortgage Association(o) | | 4.00% | | TBA | | | 5,624,000 | | | | 5,264,337 | |
Government National Mortgage Association(o) | | 4.50% | | TBA | | | 4,107,000 | | | | 3,946,766 | |
Government National Mortgage Association(o) | | 5.00% | | TBA | | | 5,567,000 | | | | 5,473,181 | |
Government National Mortgage Association(o) | | 5.50% | | TBA | | | 5,471,000 | | | | 5,464,392 | |
Government National Mortgage Association(o) | | 6.00% | | TBA | | | 5,386,000 | | | | 5,429,498 | |
Government National Mortgage Association(o) | | 6.50% | | TBA | | | 10,799,000 | | | | 10,972,036 | |
Government National Mortgage Association(o) | | 7.00% | | TBA | | | 5,324,000 | | | | 5,436,260 | |
Uniform Mortgage-Backed Security(o) | | 2.50% | | TBA | | | 1,481,000 | | | | 1,225,228 | |
Uniform Mortgage-Backed Security(o) | | 4.00% | | TBA | | | 1,525,000 | | | | 1,412,986 | |
Uniform Mortgage-Backed Security(o) | | 4.50% | | TBA | | | 3,697,000 | | | | 3,521,606 | |
Uniform Mortgage-Backed Security(o) | | 5.50% | | TBA | | | 13,085,000 | | | | 13,070,382 | |
Uniform Mortgage-Backed Security(o) | | 6.00% | | TBA | | | 15,087,000 | | | | 15,270,893 | |
Uniform Mortgage-Backed Security(o) | | 6.50% | | TBA | | | 7,063,000 | | | | 7,213,983 | |
Uniform Mortgage-Backed Security(o) | | 7.00% | | TBA | | | 10,333,000 | | | | 10,641,458 | |
Total Government Sponsored Enterprises Pass-Throughs (cost $104,863,893) | | | | | | 105,038,133 | |
34 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – BOND DEBENTURE PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount‡ | | | Fair Value | |
INVESTMENTS IN AFFILIATED UNDERLYING FUNDS 0.07% | | | | | | | | | | |
Lord Abbett Private Credit Fund 1, LP(p)(q) (cost $746,854) | | | | | | $ | 746,854 | (r) | | $ | 746,854 | |
| | | | | | | | | | | | |
MUNICIPAL BONDS 0.40% | | | | | | | | | | | | |
| | | | | | | | | | | | |
Government 0.10% | | | | | | | | | | | | |
Foothill-Eastern Transportation Corridor Agency CA | | 4.094% | | 1/15/2049 | | | 1,292,000 | | | | 1,089,973 | |
| | | | | | | | | | | | |
Miscellaneous 0.21% | | | | | | | | | | | | |
Dallas Convention Center Hotel Development Corp. TX | | 7.088% | | 1/1/2042 | | | 1,210,000 | | | | 1,382,721 | |
New York City Industrial Development Agency NY† | | 11.00% | | 3/1/2029 | | | 820,000 | | | | 926,118 | |
Total | | | | | | | | | | | 2,308,839 | |
| | | | | | | | | | | | |
Tax Revenue 0.09% | | | | | | | | | | | | |
Memphis-Shelby County Industrial Development Board Tax Allocation TN(j) | | 7.00% | | 7/1/2045 | | | 1,415,000 | | | | 1,063,094 | (c) |
Total Municipal Bonds (cost $5,236,009) | | | | | | | | | | | 4,461,906 | |
| | | | | | | | | | | | |
NON-AGENCY COMMERCIAL MORTGAGE-BACKED SECURITIES 6.78% | | | | | | | | |
Bank Series 2024-5YR5 Class A3 | | 5.702% | | 2/15/2029 | | | 1,150,000 | | | | 1,179,535 | |
BBCMS Mortgage Trust Series 2019-BWAY Class A† | | 6.396% (1 mo. USD Term SOFR + 1.07% | )# | 11/15/2034 | | | 970,000 | | | | 689,327 | |
Benchmark Mortgage Trust Series 2024-V5 Class A3 | | 5.805% | | 1/10/2057 | | | 1,210,000 | | | | 1,247,063 | |
Benchmark Mortgage Trust Series 2024-V6 Class A3(b) | | 5.926% | | 3/15/2029 | | | 2,500,000 | | | | 2,583,285 | |
BHMS Mortgage Trust Series 2018-ATLS Class A† | | 6.872% (1 mo. USD Term SOFR + 1.55% | )# | 7/15/2035 | | | 2,770,000 | | | | 2,767,787 | |
BLP Commercial Mortgage Trust Series 2024-IND2 Class A† | | 6.668% (1 mo. USD Term SOFR + 1.34% | )# | 3/15/2041 | | | 2,920,000 | | | | 2,925,109 | |
BMO Mortgage Trust Series 2023-C5 Class A5 | | 5.765% | | 6/15/2056 | | | 450,000 | | | | 472,858 | |
BX Commercial Mortgage Trust Series 2020-VIV4 Class A† | | 2.843% | | 3/9/2044 | | | 1,449,000 | | | | 1,254,973 | |
BX Commercial Mortgage Trust Series 2021-VOLT Class A† | | 6.14% (1 mo. USD Term SOFR + 0.81% | )# | 9/15/2036 | | | 2,770,000 | | | | 2,751,233 | |
BX Commercial Mortgage Trust Series 2024-XL4 Class A† | | 6.767% (1 mo. USD Term SOFR + 1.44% | )# | 2/15/2039 | | | 1,850,000 | | | | 1,855,068 | |
| See Notes to Schedule of Investments. | 35 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – BOND DEBENTURE PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount‡ | | | Fair Value | |
NON-AGENCY COMMERCIAL MORTGAGE-BACKED SECURITIES (continued) | | | | | | | | | |
BX Commercial Mortgage Trust Series 2024-XL5 Class A† | | 6.692% (1 mo. USD Term SOFR + 1.39% | )# | 3/15/2041 | | $ | 1,420,000 | | | $ | 1,422,821 | |
BX Trust Series 2021-ARIA Class A† | | 6.339% (1 mo. USD Term SOFR + 1.01% | )# | 10/15/2036 | | | 500,000 | | | | 495,416 | |
BX Trust Series 2022-PSB Class A† | | 7.776% (1 mo. USD Term SOFR + 2.45% | )# | 8/15/2039 | | | 1,784,051 | | | | 1,797,420 | |
CF Trust Series 2019-BOSS Class A1† | | 8.623% (1 mo. USD Term SOFR + 3.30% | )# | 12/15/2024 | | | 1,340,000 | | | | 1,314,089 | |
Chase Home Lending Mortgage Trust Series 2024-1A2 Class A2† | | 6.50% | #(s) | 1/25/2055 | | | 2,010,388 | | | | 2,030,776 | |
CIM Trust Series 2018-INV1 Class B1† | | 4.711% | #(s) | 8/25/2048 | | | 435,017 | | | | 409,382 | |
CIM Trust Series 2020-J1 Class A2† | | 2.50% | #(s) | 7/25/2050 | | | 437,563 | | | | 357,749 | |
CIM Trust Series 2021-J1 Class A1† | | 2.50% | #(s) | 3/25/2051 | | | 447,213 | | | | 360,454 | |
Citigroup Mortgage Loan Trust, Inc. Series 2021-INV2 Class A3A† | | 2.50% | #(s) | 5/25/2051 | | | 2,084,650 | | | | 1,690,612 | |
Citigroup Mortgage Loan Trust, Inc. Series 2022-INV1 Class A3B† | | 3.00% | #(s) | 11/27/2051 | | | 3,001,292 | | | | 2,520,060 | |
CSMC Trust Series 2021-BPNY Class A† | | 9.155% (1 mo. USD Term SOFR + 3.83% | )# | 8/15/2026 | | | 1,960,000 | | | | 1,763,256 | |
Federal Home Loan Mortgage Corp. STACR REMICS Notes Series 2022-HQA2 Class M1B† | | 9.32% (30 day USD SOFR Average + 4.00% | )# | 7/25/2042 | | | 380,000 | | | | 404,723 | |
Federal Home Loan Mortgage Corp. STACR REMICS Notes Series 2023-DNA2 Class M1A† | | 7.42% (30 day USD SOFR Average + 2.10% | )# | 4/25/2043 | | | 1,129,730 | | | | 1,151,117 | |
Federal Home Loan Mortgage Corp. STACR REMICS Notes Series 2023-DNA2 Class M1B† | | 8.57% (30 day USD SOFR Average + 3.25% | )# | 4/25/2043 | | | 2,200,000 | | | | 2,311,488 | |
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2021-HQA3 Class M1† | | 6.17% (30 day USD SOFR Average + 0.85% | )# | 9/25/2041 | | | 1,048,528 | | | | 1,044,192 | |
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2022-DNA2 Class M1B† | | 7.72% (30 day USD SOFR Average + 2.40% | )# | 2/25/2042 | | | 800,000 | | | | 815,630 | |
36 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – BOND DEBENTURE PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount‡ | | | Fair Value | |
NON-AGENCY COMMERCIAL MORTGAGE-BACKED SECURITIES (continued) | | | | | | | | | |
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2022-HQA3 Class M1A† | | 7.62% (30 day USD SOFR Average + 2.30% | )# | 8/25/2042 | | $ | 1,407,796 | | | $ | 1,438,581 | |
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2022-HQA3 Class M1B† | | 8.87% (30 day USD SOFR Average + 3.55% | )# | 8/25/2042 | | | 1,570,000 | | | | 1,650,380 | |
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2023-HQA3 Class M2† | | 8.67% (30 day USD SOFR Average + 3.35% | )# | 11/25/2043 | | | 1,350,000 | | | | 1,415,772 | |
Federal National Mortgage Association Connecticut Avenue Securities Series 2022-R01 Class 1B2† | | 11.32% (30 day USD SOFR Average + 6.00% | )# | 12/25/2041 | | | 1,100,000 | | | | 1,160,534 | |
Federal National Mortgage Association Connecticut Avenue Securities Series 2022-R03 Class 1M2† | | 8.82% (30 day USD SOFR Average + 3.50% | )# | 3/25/2042 | | | 650,000 | | | | 682,306 | |
Federal National Mortgage Association Connecticut Avenue Securities Series 2023-R03 Class 2M2† | | 9.22% (30 day USD SOFR Average + 3.90% | )# | 4/25/2043 | | | 900,000 | | | | 960,999 | |
Federal National Mortgage Association Connecticut Avenue Securities Series 2023-R06 Class 1M2† | | 8.02% (30 day USD SOFR Average + 2.70% | )# | 7/25/2043 | | | 500,000 | | | | 518,399 | |
Federal National Mortgage Association Connecticut Avenue Securities Series 2024-R01 Class 1M2† | | 7.12% (30 day USD SOFR Average + 1.80% | )# | 1/25/2044 | | | 500,000 | | | | 503,380 | |
Federal National Mortgage Association Connecticut Avenue Securities Trust Series 2019-R05 Class 1B1† | | 9.535% (30 day USD SOFR Average + 4.21% | )# | 7/25/2039 | | | 904,658 | | | | 942,883 | |
Federal National Mortgage Association Connecticut Avenue Securities Trust Series 2022-R02 Class 2M1† | | 6.52% (30 day USD SOFR Average + 1.20% | )# | 1/25/2042 | | | 573,978 | | | | 575,097 | |
Federal National Mortgage Association Connecticut Avenue Securities Trust Series 2022-R08 Class 1M1† | | 7.87% (30 day USD SOFR Average + 2.55% | )# | 7/25/2042 | | | 977,063 | | | | 1,003,473 | |
| See Notes to Schedule of Investments. | 37 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – BOND DEBENTURE PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount‡ | | | Fair Value | |
NON-AGENCY COMMERCIAL MORTGAGE-BACKED SECURITIES (continued) | | | | | | | | | |
Federal National Mortgage Association Connecticut Avenue Securities Trust Series 2023-R01 Class 1M1† | | 7.721% (30 day USD SOFR Average + 2.40% | )# | 12/25/2042 | | $ | 2,281,445 | | | $ | 2,344,243 | |
Flagstar Mortgage Trust Series 2021-8INV Class A3† | | 2.50% | #(s) | 9/25/2051 | | | 523,584 | | | | 422,009 | |
Great Wolf Trust Series 2024-WOLF Class A† | | 6.842% (1 mo. USD Term SOFR + 1.54% | )# | 3/15/2039 | | | 1,370,000 | | | | 1,374,351 | |
GS Mortgage Securities Corp. Trust Series 2021-PJ1 Class A2† | | 2.50% | #(s) | 6/25/2051 | | | 952,577 | | | | 767,778 | |
GS Mortgage Securities Corp. Trust Series 2021-PJ5 Class A2† | | 2.50% | #(s) | 10/25/2051 | | | 321,968 | | | | 259,507 | |
GS Mortgage Securities Corp. Trust Series 2023-FUN Class A† | | 7.417% (1 mo. USD Term SOFR + 2.09% | )# | 3/15/2028 | | | 2,090,000 | | | | 2,100,166 | |
GS Mortgage-Backed Securities Corp. Trust Series 2021-PJ6 Class A8† | | 2.50% | #(s) | 11/25/2051 | | | 733,585 | | | | 639,783 | |
GS Mortgage-Backed Securities Corp. Trust Series 2022-PJ4 Class A34† | | 2.50% | #(s) | 9/25/2052 | | | 1,324,690 | | | | 1,056,155 | |
GS Mortgage-Backed Securities Trust Series 2021-PJ6 Class A2† | | 2.50% | #(s) | 11/25/2051 | | | 1,103,227 | | | | 889,202 | |
GS Mortgage-Backed Securities Trust Series 2021-PJ7 Class A2† | | 2.50% | #(s) | 1/25/2052 | | | 707,252 | | | | 570,046 | |
Hilton Orlando Trust Series 2018-ORL Class A† | | 6.392% (1 mo. USD Term SOFR + 1.07% | )# | 12/15/2034 | | | 747,000 | | | | 746,682 | |
HPLY Trust Series 2019-HIT Class A† | | 6.436% (1 mo. USD Term SOFR + 1.11% | )# | 11/15/2036 | | | 1,041,979 | | | | 1,039,614 | |
JP Morgan Mortgage Trust Series 2020-7 Class A3† | | 3.00% | #(s) | 1/25/2051 | | | 449,508 | | | | 382,228 | |
JP Morgan Mortgage Trust Series 2021-12 Class A3† | | 2.50% | #(s) | 2/25/2052 | | | 558,922 | | | | 450,491 | |
JP Morgan Mortgage Trust Series 2021-7 Class A3† | | 2.50% | #(s) | 11/25/2051 | | | 360,886 | | | | 290,875 | |
JP Morgan Mortgage Trust Series 2021-INV5 Class A2† | | 3.00% | #(s) | 12/25/2051 | | | 407,484 | | | | 342,147 | |
JP Morgan Mortgage Trust Series 2021-INV8 Class A2† | | 3.00% | #(s) | 5/25/2052 | | | 1,977,089 | | | | 1,660,079 | |
JP Morgan Mortgage Trust Series 2022-4 Class A2A† | | 3.00% | #(s) | 10/25/2052 | | | 882,239 | | | | 740,779 | |
38 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – BOND DEBENTURE PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount‡ | | | Fair Value | |
NON-AGENCY COMMERCIAL MORTGAGE-BACKED SECURITIES (continued) | | | | | | | | | |
JPMorgan Chase Commercial Mortgage Securities Trust Series 2021-BOLT Class D† | | 12.141% (1 mo. USD Term SOFR + 6.81% | )# | 8/15/2033 | | $ | 2,110,000 | | | $ | 1,299,195 | (c) |
Life Mortgage Trust Series 2022-BMR2 Class A1† | | 6.621% (1 mo. USD Term SOFR + 1.30% | )# | 5/15/2039 | | | 1,830,000 | | | | 1,816,040 | |
NRTH Mortgage Trust Series 2024-PARK Class A† | | 6.941% (1 mo. USD Term SOFR + 1.64% | )# | 3/15/2041 | | | 1,770,000 | | | | 1,775,266 | |
SHOW Trust Series 2022-BIZ Class A† | | 8.302% (1 mo. USD Term SOFR + 2.98% | )# | 1/15/2027 | | | 3,850,000 | | | | 3,597,474 | |
SMRT Commercial Mortgage Trust Series 2022-MINI Class A† | | 6.326% (1 mo. USD Term SOFR + 1.00% | )# | 1/15/2039 | | | 750,000 | | | | 745,906 | |
WB Commercial Mortgage Trust Series 2024-HQ Class A† | | 6.134% | #(s) | 3/15/2040 | | | 1,350,000 | | | | 1,359,093 | |
Total Non-Agency Commercial Mortgage-Backed Securities (cost $76,442,461) | | | | | | 75,136,336 | |
| | | | | | | | | | | | |
| | Dividend Rate | | | | | Shares | | | | | |
| | | | | | | | | | | | |
PREFERRED STOCKS 0.15% | | | | | | | | | | | | |
| | | | | | | | | | | | |
Automobiles 0.05% | | | | | | | | | | | | |
Dr Ing hc F Porsche AG†(e) | | 2.31% | | | | | 5,945 | | | | 591,862 | (c) |
| | | | | | | | | | | | |
Transportation Infrastructure 0.10% | | | | | | | | | | | | |
ACBL Holdings Corp. | | Zero Coupon | | | | | 16,904 | | | | 1,098,760 | |
Total Preferred Stocks (cost $1,019,592) | | | | | | | | | | | 1,690,622 | |
Total Long-Term Investments (cost $1,209,326,694) | | | | | | | | | | | 1,209,703,804 | |
| | | | | | | | | | | | |
| | | | | | | Principal Amount‡ | | | | | |
| | | | | | | | | | | | |
SHORT-TERM INVESTMENTS 0.52% | | | | | | | | | | | | |
| | | | | | | | | | | | |
REPURCHASE AGREEMENTS 0.39% | | | | | | | | | | | | |
Repurchase Agreement dated 3/28/2024, 2.800%% due 4/1/2024 with Fixed Income Clearing Corp. collateralized by $4,318,600 of U.S. Treasury Inflation Indexed Bond at 2.125% due 2/15/2054; value: $4,383,477; proceeds: $4,298,766 (cost $4,297,429) | | | | | | $ | 4,297,429 | | | | 4,297,429 | |
| See Notes to Schedule of Investments. | 39 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – BOND DEBENTURE PORTFOLIO March 31, 2024
Investments | | Shares | | | Fair Value | |
MONEY MARKET FUNDS 0.12% | | | | | | | | |
Fidelity Government Portfolio(t) (cost $1,317,407) | | | 1,317,407 | | | $ | 1,317,407 | |
| | | | | | | | |
TIME DEPOSITS 0.01% | | | | | | | | |
CitiBank N.A.(t) (cost $146,379) | | | 146,379 | | | | 146,379 | |
Total Short-Term Investments (cost $5,761,215) | | | | | | | 5,761,215 | |
Total Investments in Securities 109.62% (cost $1,215,087,909) | | | | | | | 1,215,465,019 | |
Other Assets and Liabilities – Net(u) (9.62)% | | | | | | | (106,691,688 | ) |
Net Assets 100.00% | | | | | | $ | 1,108,773,331 | |
| | |
BRL | | Brazilian Real. |
EUR | | Euro. |
GBP | | British Pound. |
MXN | | Mexican Peso. |
PYG | | Paraguay Guarani. |
UYU | | Uruguayan Peso. |
CMT | | Constant Maturity Rate. |
EURIBOR | | Euro Interbank Offered Rate. |
ICE | | Intercontinental Exchange. |
LIBOR | | London Interbank Offered Rate. |
PIK | | Payment-in-kind. |
REITS | | Real Estate Investment Trusts. |
REMICS | | Real Estate Mortgage Investment Conduits. |
SOFR | | Secured Overnight Financing Rate. |
STACR | | Structured Agency Credit Risk. |
| | |
‡ | | Principal Amount is denominated in U.S. dollars unless otherwise noted. |
† | | Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, unless registered under such Act or exempted from registration, may only be resold to qualified institutional buyers. At March 31, 2024, the total value of Rule 144A securities was $662,084,864, which represents 59.71% of net assets. |
# | | Variable rate security. The interest rate represents the rate in effect at March 31, 2024. |
* | | Non-income producing security. |
(a) | | Variable Rate is Fixed to Float: Rate remains fixed or at Zero Coupon until designated future date. |
(b) | | Securities purchased on a when-issued basis. |
(c) | | Level 3 Investment as described in Note 2(b) in the Notes to Schedule of Investments. 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. |
(d) | | Foreign security traded in U.S. dollars. |
(e) | | Investment in non-U.S. dollar denominated securities. |
(f) | | Level 3 Investment as described in Note 2(b) in the Notes to Schedule of Investments. Security fair valued by the Pricing Committee. |
(g) | | All or a portion of this security is temporarily on loan to unaffiliated broker/dealers. |
(h) | | Security is perpetual in nature and has no stated maturity. |
(i) | | Amount is less than $1. |
(j) | | Defaulted (non-income producing security). |
(k) | | Floating Rate Loans in which the Fund invests generally pay interest at rates which are periodically re-determined at a margin above the Secured Overnight Financing Rate (“SOFR”) or the prime rate offered by major U.S. banks. The rate(s) shown is the rate(s) in effect at March 31, 2024. |
(l) | | Interest Rate to be determined. |
(m) | | Level 3 Investment as described in Note 2(b) in the Notes to Schedule of Investments. Floating Rate Loan fair valued by the Pricing Committee. |
(n) | | Step Bond – Security with a predetermined schedule of interest rate changes. |
(o) | | To-be-announced (“TBA”). Security purchased on a forward commitment basis with an approximate principal and maturity date. Actual principal and maturity will be determined upon settlement when the specific mortgage pools are assigned. |
(p) | | Affiliated issuers (See Note 5). |
| |
40 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – BOND DEBENTURE PORTFOLIO March 31, 2024
(q) | | Restricted securities (including private placement) – investments in securities not registered under the Securities Act of 1933 (excluding 144A issues). At March 31, 2024, the value of restricted securities (excluding 144A) issues amounted to $746,854 or 0.07% of net assets. |
(r) | | Principal amount represents partnership interest. |
(s) | | Interest rate is based on the weighted average interest rates of the underlying mortgages within the mortgage pool. |
(t) | | Security was purchased with the cash collateral from loaned securities. |
(u) | | Other Assets and Liabilities – Net include net unrealized appreciation/depreciation on forward foreign currency exchange contracts, futures contracts and swap contracts as follows: |
Centrally Cleared Consumer Price Index (“CPI”) Swap Contracts at March 31, 2024:
Swap Counterparty | | Payments to be Made By The Fund at Termination Date | | Payments to be Received By The Fund at Termination Date | | Termination Date | | Notional Amount | | Value/Unrealized Appreciation | |
Bank of America | | 2.544% | | CPI Urban Consumer NSA | | 3/2/2052 | | $1,392,911 | | | $ | 33,753 | (1) |
Bank of America | | 2.544% | | CPI Urban Consumer NSA | | 3/2/2052 | | 2,807,089 | | | | 68,022 | |
Total Unrealized Appreciation on Centrally Cleared CPI Swap Contracts | | | | | | | $ | 101,775 | |
Centrally Cleared Consumer Price Index (“CPI”) Swap Contracts at March 31, 2024:
Swap Counterparty | | Payments to be Made By The Fund at Termination Date | | Payments to be Received By The Fund at Termination Date | | Termination Date | | Notional Amount | | Value/Unrealized Depreciation | |
Bank of America | | 2.665% | | CPI Urban Consumer NSA | | 10/23/2028 | | $10,000,000 | | | $ | (88,463 | ) |
Bank of America | | 2.665% | | CPI Urban Consumer NSA | | 5/12/2052 | | 4,373,000 | | | | (62,802 | ) |
Bank of America | | 2.748% | | CPI Urban Consumer NSA | | 4/20/2052 | | 6,000,000 | | | | (181,321 | ) |
Total Unrealized Depreciation on Centrally Cleared CPI Swap Contracts | | | | | | | $ | (332,586 | ) |
| | |
NSA | | Non-seasonally adjusted. |
(1) | | Unrealized appreciation on Centrally Cleared CPI Swap Contract is $27,420, which includes upfront payment of $6,333. Upfront payments paid (received) by Central Clearing Party are presented net of amortization. |
Forward Foreign Currency Exchange Contracts at March 31, 2024:
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 | | 5/10/2024 | | 1,970,000 | | $ | 1,293,612 | | | $ | 1,285,115 | | | $ | 8,497 | |
Australian dollar | | Sell | | State Street Bank and Trust | | 5/10/2024 | | 505,000 | | | 330,515 | | | | 329,433 | | | | 1,082 | |
British pound | | Sell | | Morgan Stanley | | 5/17/2024 | | 709,000 | | | 904,760 | | | | 895,081 | | | | 9,679 | |
British pound | | Sell | | State Street Bank and Trust | | 5/17/2024 | | 152,000 | | | 194,593 | | | | 191,893 | | | | 2,700 | |
Canadian dollar | | Sell | | Bank of America | | 5/9/2024 | | 1,083,000 | | | 803,476 | | | | 799,964 | | | | 3,512 | |
Canadian dollar | | Sell | | Morgan Stanley | | 5/9/2024 | | 738,000 | | | 548,797 | | | | 545,128 | | | | 3,669 | |
Canadian dollar | | Sell | | State Street Bank and Trust | | 5/9/2024 | | 749,000 | | | 556,175 | | | | 553,253 | | | | 2,922 | |
Canadian dollar | | Sell | | State Street Bank and Trust | | 5/9/2024 | | 450,000 | | | 333,800 | | | | 332,395 | | | | 1,405 | |
Euro | | Sell | | Morgan Stanley | | 5/22/2024 | | 2,964,000 | | | 3,214,226 | | | | 3,203,943 | | | | 10,283 | |
Euro | | Sell | | State Street Bank and Trust | | 5/22/2024 | | 553,000 | | | 597,768 | | | | 597,767 | | | | 1 | |
Japanese yen | | Sell | | Morgan Stanley | | 5/16/2024 | | 182,000,000 | | | 1,225,254 | | | | 1,210,440 | | | | 14,814 | |
Total Unrealized Appreciation on Forward Foreign Currency Exchange Contracts | | | | | | | | | | $ | 58,564 | |
| | |
| See Notes to Schedule of Investments. | 41 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – BOND DEBENTURE PORTFOLIO March 31, 2024
Forward Foreign Currency Exchange Contracts | | Transaction Type | | Counterparty | | Expiration Date | | Foreign Currency | | U.S. $ Cost on Origination Date | | | U.S. $ Current Value | | Unrealized Depreciation | |
Australian dollar | | Buy | | State Street Bank and Trust | | 5/10/2024 | | 780,000 | | $ | 512,250 | | | $ | 508,827 | | | $ | (3,423 | ) |
Australian dollar | | Buy | | State Street Bank and Trust | | 5/10/2024 | | 889,000 | | | 581,541 | | | | 579,932 | | | | (1,609 | ) |
British pound | | Buy | | Morgan Stanley | | 5/17/2024 | | 217,000 | | | 274,780 | | | | 273,953 | | | | (827 | ) |
British pound | | Buy | | Morgan Stanley | | 5/17/2024 | | 124,000 | | | 157,415 | | | | 156,544 | | | | (871 | ) |
Euro | | Buy | | Morgan Stanley | | 5/22/2024 | | 182,000 | | | 197,280 | | | | 196,733 | | | | (547 | ) |
Euro | | Buy | | Morgan Stanley | | 5/22/2024 | | 202,000 | | | 221,341 | | | | 218,352 | | | | (2,989 | ) |
Australian dollar | | Sell | | State Street Bank and Trust | | 5/10/2024 | | 400,000 | | | 260,905 | | | | 260,937 | | | | (32 | ) |
Australian dollar | | Sell | | State Street Bank and Trust | | 5/10/2024 | | 439,000 | | | 286,170 | | | | 286,378 | | | | (208 | ) |
British pound | | Sell | | Morgan Stanley | | 5/17/2024 | | 3,138,000 | | | 3,961,259 | | | | 3,961,584 | | | | (325 | ) |
Canadian dollar | | Sell | | Morgan Stanley | | 5/9/2024 | | 256,000 | | | 188,572 | | | | 189,096 | | | | (524 | ) |
Canadian dollar | | Sell | | Morgan Stanley | | 5/9/2024 | | 433,000 | | | 318,991 | | | | 319,838 | | | | (847 | ) |
Total Unrealized Depreciation on Forward Foreign Currency Exchange Contracts | | | | | | | | | | | | $ | (12,202 | ) |
Futures Contracts at March 31, 2024:
Type | | Expiration | | Contracts | | Position | | Notional Amount | | | Notional Value | | Unrealized Appreciation | |
U.S. 5-Year Treasury Note | | June 2024 | | 186 | | Long | | $19,883,538 | | | $19,904,906 | | | | $21,368 | |
| | | | | | | | | | | | | | | | | | |
Type | | Expiration | | Contracts | | Position | | Notional Amount | | | Notional Value | | Unrealized Depreciation | |
U.S. 10-Year Treasury Note | | June 2024 | | 155 | | Long | | $ | 17,282,471 | | | $ | 17,173,516 | | | $ | (108,955 | ) |
U.S. 2-Year Treasury Note | | June 2024 | | 372 | | Long | | | 76,279,683 | | | | 76,068,188 | | | | (211,495 | ) |
U.S. Long Bond | | June 2024 | | 267 | | Short | | | (31,498,928 | ) | | | (32,156,812 | ) | | | (657,884 | ) |
U.S. Ultra Treasury Bond | | June 2024 | | 105 | | Short | | | (13,225,541 | ) | | | (13,545,000 | ) | | | (319,459 | ) |
Total Unrealized Depreciation on Futures Contracts | | | | | | | | | | $ | (1,297,793 | ) |
| |
42 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – BOND DEBENTURE PORTFOLIO March 31, 2024
The following is a summary of the inputs used as of March 31, 2024 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 | | $ | – | | | $ | 43,547,512 | | | $ | 1,157,128 | | | $ | 44,704,640 | |
Remaining Industries | | | – | | | | 18,465,410 | | | | – | | | | 18,465,410 | |
Common Stocks | | | | | | | | | | | | | | | | |
Automobile Components | | | – | | | | 737,767 | | | | – | | | | 737,767 | |
Electric-Generation | | | – | | | | 4,736 | | | | – | | | | 4,736 | |
Entertainment | | | 2,883,893 | | | | 1,058,553 | | | | – | | | | 3,942,446 | |
Hotels, Restaurants & Leisure | | | 4,370,960 | | | | 1,047,234 | | | | – | | | | 5,418,194 | |
Miscellaneous Financials | | | – | | | | – | | | | 441,019 | | | | 441,019 | |
Personal Care Products | | | – | | | | 675,337 | | | | – | | | | 675,337 | |
Specialty Retail | | | 3,015,275 | | | | 69,370 | | | | – | | | | 3,084,645 | |
Textiles, Apparel & Luxury Goods | | | 3,525,349 | | | | 1,671,480 | | | | – | | | | 5,196,829 | |
Transportation Infrastructure | | | – | | | | 162,096 | | | | – | | | | 162,096 | |
Remaining Industries | | | 65,076,208 | | | | – | | | | – | | | | 65,076,208 | |
Corporate Bonds | | | | | | | | | | | | | | | | |
Banks | | | – | | | | 60,623,212 | | | | – | (3) | | | 60,623,212 | |
Mining | | | – | | | | 20,353,980 | | | | – | (4) | | | 20,353,980 | |
Savings & Loans | | | – | | | | – | | | | – | (3) | | | – | (3) |
Remaining Industries | | | – | | | | 690,932,408 | | | | – | | | | 690,932,408 | |
Floating Rate Loans | | | | | | | | | �� | | | | | | | |
Personal & Household Products | | | – | | | | – | | | | 9,753 | | | | 9,753 | |
Remaining Industries | | | – | | | | 45,871,897 | | | | – | | | | 45,871,897 | |
Foreign Government Obligations | | | – | | | | 56,929,376 | | | | – | | | | 56,929,376 | |
Government Sponsored Enterprises Pass-Throughs | | | – | | | | 105,038,133 | | | | – | | | | 105,038,133 | |
Investments in Affiliated Underlying Funds | | | 746,854 | | | | – | | | | – | | | | 746,854 | |
Municipal Bonds | | | | | | | | | | | | | | | | |
Tax Revenue | | | – | | | | – | | | | 1,063,094 | | | | 1,063,094 | |
Remaining Industries | | | – | | | | 3,398,812 | | | | – | | | | 3,398,812 | |
Non-Agency Commercial Mortgage-Backed Securities | | | – | | | | 73,837,141 | | | | 1,299,195 | | | | 75,136,336 | |
Preferred Stocks | | | – | | | | 1,098,760 | | | | 591,862 | | | | 1,690,622 | |
Short-Term Investments | | | | | | | | | | | | | | | | |
Repurchase Agreements | | | – | | | | 4,297,429 | | | | – | | | | 4,297,429 | |
Money Market Funds | | | 1,317,407 | | | | – | | | | – | | | | 1,317,407 | |
Time Deposits | | | – | | | | 146,379 | | | | – | | | | 146,379 | |
Total | | $ | 80,935,946 | | | $ | 1,129,967,022 | | | $ | 4,562,051 | | | $ | 1,215,465,019 | |
| | |
| See Notes to Schedule of Investments. | 43 |
Schedule of Investments (unaudited)(concluded)
LORD ABBETT SERIES FUND, INC. – BOND DEBENTURE PORTFOLIO March 31, 2024
Investment Type(2) | | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
Other Financial Instruments | | | | | | | | | | | | | | | | |
Centrally Cleared CPI Swap Contracts | | | | | | | | | | | | | | | | |
Assets | | $ | – | | | $ | 101,775 | | | $ | – | | | $ | 101,775 | |
Liabilities | | | – | | | | (332,586 | ) | | | – | | | | (332,586 | ) |
Forward Foreign Currency Exchange Contracts | | | | | | | | | | | | | | | | |
Assets | | | – | | | | 58,564 | | | | – | | | | 58,564 | |
Liabilities | | | – | | | | (12,202 | ) | | | – | | | | (12,202 | ) |
Futures Contracts | | | | | | | | | | | | | | | | |
Assets | | | 21,368 | | | | – | | | | – | | | | 21,368 | |
Liabilities | | | (1,297,793 | ) | | | – | | | | – | | | | (1,297,793 | ) |
Total | | $ | (1,276,425 | ) | | $ | (184,449 | ) | | $ | – | | | $ | (1,460,874 | ) |
| | |
(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. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized. |
(3) | | Amount is less than $1. |
(4) | | Includes securities with zero fair value. |
A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets. Management has determined not to provide a reconciliation as the balance of Level 3 investments was not considered to be material to the Fund’s net assets at the beginning or end of the period.
44 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)
LORD ABBETT SERIES FUND, INC. - DEVELOPING GROWTH PORTFOLIO March 31, 2024
Investments | | Shares | | | Fair Value | |
LONG-TERM INVESTMENTS 97.28% | | | | | | | | |
| | | | | | | | |
COMMON STOCKS 97.28% | | | | | | | | |
| | | | | | | | |
Aerospace & Defense 3.16% | | | | | | | | |
AeroVironment, Inc.* | | | 9,800 | | | $ | 1,502,144 | |
Axon Enterprise, Inc.* | | | 2,649 | | | | 828,819 | |
Total | | | | | | | 2,330,963 | |
| | | | | | | | |
Biotechnology 17.32% | | | | | | | | |
Arcellx, Inc.* | | | 19,742 | | | | 1,373,056 | |
Blueprint Medicines Corp.* | | | 15,689 | | | | 1,488,259 | |
Bridgebio Pharma, Inc.* | | | 32,290 | | | | 998,407 | |
Crinetics Pharmaceuticals, Inc.* | | | 13,889 | | | | 650,144 | |
Cytokinetics, Inc.* | | | 4,401 | | | | 308,554 | |
Immunovant, Inc.* | | | 13,822 | | | | 446,589 | |
Janux Therapeutics, Inc.*(a) | | | 7,388 | | | | 278,158 | |
Krystal Biotech, Inc.* | | | 7,859 | | | | 1,398,352 | |
Madrigal Pharmaceuticals, Inc.*(a) | | | 2,145 | | | | 572,801 | |
Natera, Inc.* | | | 14,906 | | | | 1,363,303 | |
Nuvalent, Inc. Class A* | | | 9,846 | | | | 739,336 | |
SpringWorks Therapeutics, Inc.* | | | 26,369 | | | | 1,297,882 | |
Vaxcyte, Inc.* | | | 8,426 | | | | 575,580 | |
Viking Therapeutics, Inc.* | | | 7,633 | | | | 625,906 | |
Xenon Pharmaceuticals, Inc. (Canada)*(b) | | | 15,429 | | | | 664,218 | |
Total | | | | | | | 12,780,545 | |
| | | | | | | | |
Building Products 4.51% | | | | | | | | |
AAON, Inc. | | | 12,943 | | | | 1,140,278 | |
AZEK Co., Inc.* | | | 11,557 | | | | 580,393 | |
Trex Co., Inc.* | | | 16,137 | | | | 1,609,666 | |
Total | | | | | | | 3,330,337 | |
| | | | | | | | |
Capital Markets 3.51% | | | | | | | | |
Evercore, Inc. Class A | | | 5,006 | | | | 964,106 | |
Hamilton Lane, Inc. Class A | | | 6,280 | | | | 708,133 | |
Piper Sandler Cos. | | | 4,619 | | | | 916,825 | |
Total | | | | | | | 2,589,064 | |
| | | | | | | | |
Commercial Services & Supplies 2.05% | | | | | | | | |
MSA Safety, Inc. | | | 3,970 | | | | 768,552 | |
Tetra Tech, Inc. | | | 4,034 | | | | 745,120 | |
Total | | | | | | | 1,513,672 | |
| | | | | | | | |
Construction & Engineering 4.56% | | | | | | | | |
Comfort Systems USA, Inc. | | | 4,829 | | | | 1,534,221 | |
EMCOR Group, Inc. | | | 3,113 | | | | 1,090,173 | |
Sterling Infrastructure, Inc.* | | | 6,704 | | | | 739,518 | |
Total | | | | | | | 3,363,912 | |
| | |
| See Notes to Schedule of Investments. | 45 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. - DEVELOPING GROWTH PORTFOLIO March 31, 2024
Investments | | Shares | | | Fair Value | |
Diversified Consumer Services 3.10% | | | | | | | | |
Bright Horizons Family Solutions, Inc.* | | | 8,026 | | | $ | 909,828 | |
Duolingo, Inc.* | | | 6,235 | | | | 1,375,316 | |
Total | | | | | | | 2,285,144 | |
| | | | | | | | |
Electrical Equipment 1.82% | | | | | | | | |
NEXTracker, Inc. Class A* | | | 9,084 | | | | 511,157 | |
nVent Electric PLC (United Kingdom)(b) | | | 11,074 | | | | 834,979 | |
Total | | | | | | | 1,346,136 | |
| | | | | | | | |
Financial Services 3.63% | | | | | | | | |
AvidXchange Holdings, Inc.* | | | 79,118 | | | | 1,040,402 | |
Remitly Global, Inc.* | | | 42,032 | | | | 871,743 | |
StoneCo Ltd. Class A (Brazil)*(b) | | | 45,957 | | | | 763,346 | |
Total | | | | | | | 2,675,491 | |
| | | | | | | | |
Food Products 1.57% | | | | | | | | |
Freshpet, Inc.* | | | 10,030 | | | | 1,162,076 | |
| | | | | | | | |
Ground Transportation 5.04% | | | | | | | | |
Lyft, Inc. Class A* | | | 72,753 | | | | 1,407,771 | |
Saia, Inc.* | | | 2,570 | | | | 1,503,450 | |
XPO, Inc.* | | | 6,610 | | | | 806,618 | |
Total | | | | | | | 3,717,839 | |
| | | | | | | | |
Health Care Equipment & Supplies 5.23% | | | | | | | | |
Glaukos Corp.* | | | 15,311 | | | | 1,443,674 | |
iRhythm Technologies, Inc.* | | | 5,298 | | | | 614,568 | |
RxSight, Inc.* | | | 27,701 | | | | 1,428,818 | |
TransMedics Group, Inc.* | | | 4,993 | | | | 369,182 | |
Total | | | | | | | 3,856,242 | |
| | | | | | | | |
Hotels, Restaurants & Leisure 6.62% | | | | | | | | |
Cava Group, Inc.* | | | 26,311 | | | | 1,843,085 | |
MakeMyTrip Ltd. (India)*(b) | | | 12,063 | | | | 857,076 | |
Shake Shack, Inc. Class A* | | | 5,559 | | | | 578,303 | |
Wingstop, Inc. | | | 4,385 | | | | 1,606,664 | |
Total | | | | | | | 4,885,128 | |
| | | | | | | | |
Information Technology Services 0.54% | | | | | | | | |
Globant SA (Uruguay)*(b) | | | 1,230 | | | | 248,337 | |
Wix.com Ltd. (Israel)*(b) | | | 1,076 | | | | 147,929 | |
Total | | | | | | | 396,266 | |
| | | | | | | | |
Life Sciences Tools & Services 0.85% | | | | | | | | |
Quanterix Corp.* | | | 26,723 | | | | 629,594 | |
| | | | | | | | |
Machinery 1.32% | | | | | | | | |
Crane Co. | | | 7,209 | | | | 974,152 | |
| | |
46 | See Notes to Schedule of Investments. | |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. - DEVELOPING GROWTH PORTFOLIO March 31, 2024
Investments | | Shares | | | Fair Value | |
Personal Care Products 2.83% | | | | | | | | |
BellRing Brands, Inc.* | | | 9,670 | | | $ | 570,820 | |
elf Beauty, Inc.* | | | 4,946 | | | | 969,564 | |
Oddity Tech Ltd. Class A (Israel)*(b) | | | 12,673 | | | | 550,642 | |
Total | | | | | | | 2,091,026 | |
| | | | | | | | |
Pharmaceuticals 0.98% | | | | | | | | |
Intra-Cellular Therapies, Inc.* | | | 10,408 | | | | 720,234 | |
| | | | | | | | |
Professional Services 2.46% | | | | | | | | |
Parsons Corp.* | | | 11,707 | | | | 971,096 | |
Verra Mobility Corp.* | | | 33,739 | | | | 842,463 | |
Total | | | | | | | 1,813,559 | |
| | | | | | | | |
Semiconductors & Semiconductor Equipment 6.09% | | | | | | | | |
Astera Labs, Inc.* | | | 9,909 | | | | 735,149 | |
Camtek Ltd. (Israel)*(b) | | | 14,711 | | | | 1,232,341 | |
Credo Technology Group Holding Ltd.* | | | 26,333 | | | | 557,996 | |
Onto Innovation, Inc.* | | | 6,651 | | | | 1,204,363 | |
Rambus, Inc.* | | | 12,388 | | | | 765,702 | |
Total | | | | | | | 4,495,551 | |
| | | | | | | | |
Software 17.60% | | | | | | | | |
Agilysys, Inc.* | | | 12,334 | | | | 1,039,263 | |
Appfolio, Inc. Class A* | | | 5,718 | | | | 1,410,859 | |
CyberArk Software Ltd. (Israel)*(b) | | | 5,482 | | | | 1,456,184 | |
Descartes Systems Group, Inc. (Canada)*(b) | | | 9,373 | | | | 857,911 | |
DoubleVerify Holdings, Inc.* | | | 11,113 | | | | 390,733 | |
Freshworks, Inc. Class A* | | | 28,835 | | | | 525,085 | |
Gitlab, Inc. Class A* | | | 16,734 | | | | 975,927 | |
Guidewire Software, Inc.* | | | 6,697 | | | | 781,607 | |
JFrog Ltd. (Israel)*(b) | | | 28,610 | | | | 1,265,134 | |
Monday.com Ltd. (Israel)*(b) | | | 3,640 | | | | 822,167 | |
Samsara, Inc. Class A* | | | 21,116 | | | | 797,974 | |
SentinelOne, Inc. Class A* | | | 40,792 | | | | 950,861 | |
SPS Commerce, Inc.* | | | 4,969 | | | | 918,768 | |
Varonis Systems, Inc.* | | | 16,841 | | | | 794,390 | |
Total | | | | | | | 12,986,863 | |
| | | | | | | | |
Technology Hardware, Storage & Peripherals 1.56% | | | | | | | | |
Super Micro Computer, Inc.* | | | 1,139 | | | | 1,150,424 | |
| | | | | | | | |
Textiles, Apparel & Luxury Goods 0.93% | | | | | | | | |
Deckers Outdoor Corp.* | | | 726 | | | | 683,355 | |
Total Common Stocks (cost $54,284,399) | | | | | | | 71,777,573 | |
| | |
| See Notes to Schedule of Investments. | 47 |
Schedule of Investments (unaudited)(concluded)
LORD ABBETT SERIES FUND, INC. - DEVELOPING GROWTH PORTFOLIO March 31, 2024
Investments | | Principal Amount | | | Fair Value | |
SHORT-TERM INVESTMENTS 3.31% | | | | | | | | |
| | | | | | | | |
REPURCHASE AGREEMENTS 2.42% | | | | | | | | |
Repurchase Agreement dated 3/28/2024, 2.800% due 4/1/2024 with Fixed Income Clearing Corp. collateralized by $1,838,900 of U.S. Treasury Bond at 4.250% due 2/15/2054; value: $1,816,886; proceeds: $1,781,777 (cost $1,781,223) | | $ | 1,781,223 | | | $ | 1,781,223 | |
| | | | | | | | |
| | Shares | | | | | |
| | | | | | | | |
MONEY MARKET FUNDS 0.80% | | | | | | | | |
Fidelity Government Portfolio(c) (cost $592,546) | | | 592,546 | | | | 592,546 | |
| | | | | | | | |
TIME DEPOSITS 0.09% | | | | | | | | |
CitiBank N.A.(c) (cost $65,838) | | | 65,838 | | | | 65,838 | |
Total Short-Term Investments (cost $2,439,607) | | | | | | | 2,439,607 | |
Total Investments in Securities 100.59% (cost $56,724,006) | | | | | | | 74,217,180 | |
Other Assets and Liabilities – Net (0.59)% | | | | | | | (435,759 | ) |
Net Assets 100.00% | | | | | | $ | 73,781,421 | |
* | | Non-income producing security. |
(a) | | All or a portion of this security is temporarily on loan to unaffiliated broker/dealers. |
(b) | | Foreign security traded in U.S. dollars. |
(c) | | Security was purchased with the cash collateral from loaned securities. |
The following is a summary of the inputs used as of March 31, 2024 in valuing the Fund’s investments carried at fair value(1):
Investment Type(2) | | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
Long-Term Investments | | | | | | | | | | | | | | | | |
Common Stocks | | $ | 71,777,573 | | | $ | – | | | $ | – | | | $ | 71,777,573 | |
Short-Term Investments | | | | | | | | | | | | | | | | |
Repurchase Agreements | | | – | | | | 1,781,223 | | | | – | | | | 1,781,223 | |
Money Market Funds | | | 592,546 | | | | – | | | | – | | | | 592,546 | |
Time Deposits | | | – | | | | 65,838 | | | | – | | | | 65,838 | |
Total | | $ | 72,370,119 | | | $ | 1,847,061 | | | $ | – | | | $ | 74,217,180 | |
(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. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized. |
A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.
48 | See Notes to Schedule of Investments. | |
Schedule of Investments (unaudited)
LORD ABBETT SERIES FUND, INC. - DIVIDEND GROWTH PORTFOLIO March 31, 2024
Investments | | Shares | | | Fair Value | |
LONG-TERM INVESTMENTS 99.10% | | | | | | | | |
| | | | | | | | |
COMMON STOCKS 99.10% | | | | | | | | |
| | | | | | | | |
Aerospace & Defense 1.39% | | | | | | | | |
Northrop Grumman Corp. | | | 5,485 | | | $ | 2,625,450 | |
| | | | | | | | |
Banks 2.37% | | | | | | | | |
Bank of America Corp. | | | 118,658 | | | | 4,499,511 | |
| | | | | | | | |
Beverages 2.13% | | | | | | | | |
Coca-Cola Co. | | | 50,202 | | | | 3,071,358 | |
Pernod Ricard SA(a) | | | 5,998 | | | | 970,981 | |
Total | | | | | | | 4,042,339 | |
| | | | | | | | |
Biotechnology 2.76% | | | | | | | | |
AbbVie, Inc. | | | 28,714 | | | | 5,228,819 | |
| | | | | | | | |
Capital Markets 7.68% | | | | | | | | |
Ameriprise Financial, Inc. | | | 6,151 | | | | 2,696,845 | |
Charles Schwab Corp. | | | 48,104 | | | | 3,479,843 | |
Evercore, Inc. Class A | | | 6,424 | | | | 1,237,198 | |
Morgan Stanley | | | 35,825 | | | | 3,373,282 | |
S&P Global, Inc. | | | 8,858 | | | | 3,768,636 | |
Total | | | | | | | 14,555,804 | |
| | | | | | | | |
Chemicals 1.25% | | | | | | | | |
Sherwin-Williams Co. | | | 6,819 | | | | 2,368,443 | |
| | | | | | | | |
Construction Materials 2.21% | | | | | | | | |
CRH PLC (Ireland)(b) | | | 48,457 | | | | 4,179,901 | |
| | | | | | | | |
Consumer Staples Distribution & Retail 3.39% | | | | | | | | |
Costco Wholesale Corp. | | | 3,358 | | | | 2,460,172 | |
Walmart, Inc. | | | 65,860 | | | | 3,962,796 | |
Total | | | | | | | 6,422,968 | |
| | | | | | | | |
Electric: Utilities 1.71% | | | | | | | | |
NextEra Energy, Inc. | | | 50,796 | | | | 3,246,372 | |
| | | | | | | | |
Electrical Equipment 1.51% | | | | | | | | |
Eaton Corp. PLC | | | 9,132 | | | | 2,855,394 | |
| | | | | | | | |
Financial Services 4.24% | | | | | | | | |
Jack Henry & Associates, Inc. | | | 7,984 | | | | 1,387,060 | |
Mastercard, Inc. Class A | | | 13,813 | | | | 6,651,927 | |
Total | | | | | | | 8,038,987 | |
| | |
| See Notes to Schedule of Investments. | 49 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. - DIVIDEND GROWTH PORTFOLIO March 31, 2024
Investments | | Shares | | | Fair Value | |
Ground Transportation 3.88% | | | | | | | | |
Old Dominion Freight Line, Inc. | | | 14,406 | | | $ | 3,159,380 | |
Union Pacific Corp. | | | 17,047 | | | | 4,192,368 | |
Total | | | | | | | 7,351,748 | |
| | | | | | | | |
Health Care Equipment & Supplies 1.93% | | | | | | | | |
Abbott Laboratories | | | 32,132 | | | | 3,652,123 | |
| | | | | | | | |
Health Care Providers & Services 2.91% | | | | | | | | |
UnitedHealth Group, Inc. | | | 11,148 | | | | 5,514,916 | |
| | | | | | | | |
Hotels, Restaurants & Leisure 1.95% | | | | | | | | |
McDonald’s Corp. | | | 9,227 | | | | 2,601,553 | |
Starbucks Corp. | | | 11,919 | | | | 1,089,277 | |
Total | | | | | | | 3,690,830 | |
| | | | | | | | |
Industrial Conglomerates 0.75% | | | | | | | | |
Honeywell International, Inc. | | | 6,936 | | | | 1,423,614 | |
| | | | | | | | |
Information Technology Services 2.14% | | | | | | | | |
Accenture PLC Class A (Ireland)(b) | | | 11,682 | | | | 4,049,098 | |
| | | | | | | | |
Insurance 3.82% | | | | | | | | |
Allstate Corp. | | | 9,238 | | | | 1,598,266 | |
Arthur J Gallagher & Co. | | | 9,514 | | | | 2,378,881 | |
Chubb Ltd. (Switzerland)(b) | | | 12,603 | | | | 3,265,815 | |
Total | | | | | | | 7,242,962 | |
| | | | | | | | |
Life Sciences Tools & Services 2.47% | | | | | | | | |
Danaher Corp. | | | 11,189 | | | | 2,794,117 | |
West Pharmaceutical Services, Inc. | | | 4,773 | | | | 1,888,724 | |
Total | | | | | | | 4,682,841 | |
| | | | | | | | |
Machinery 2.20% | | | | | | | | |
Parker-Hannifin Corp. | | | 7,493 | | | | 4,164,534 | |
| | | | | | | | |
Media 1.86% | | | | | | | | |
Comcast Corp. Class A | | | 81,434 | | | | 3,530,164 | |
| | | | | | | | |
Metals & Mining 1.20% | | | | | | | | |
Reliance, Inc. | | | 6,815 | | | | 2,277,437 | |
| | | | | | | | |
Multi-Utilities 1.12% | | | | | | | | |
CMS Energy Corp. | | | 35,043 | | | | 2,114,495 | |
| | |
50 | See Notes to Schedule of Investments. | |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. - DIVIDEND GROWTH PORTFOLIO March 31, 2024
Investments | | Shares | | | Fair Value | |
Oil, Gas & Consumable Fuels 4.34% | | | | | | | | |
Exxon Mobil Corp. | | | 63,482 | | | $ | 7,379,148 | |
Marathon Petroleum Corp. | | | 4,184 | | | | 843,076 | |
Total | | | | | | | 8,222,224 | |
| | | | | | | | |
Pharmaceuticals 3.69% | | | | | | | | |
Eli Lilly & Co. | | | 6,206 | | | | 4,828,020 | |
Zoetis, Inc. | | | 12,776 | | | | 2,161,827 | |
Total | | | | | | | 6,989,847 | |
| | | | | | | | |
Semiconductors & Semiconductor Equipment 11.85% | | | | | | | | |
Analog Devices, Inc. | | | 6,234 | | | | 1,233,023 | |
Broadcom, Inc. | | | 2,806 | | | | 3,719,100 | |
Lam Research Corp. | | | 4,876 | | | | 4,737,375 | |
NVIDIA Corp. | | | 11,212 | | | | 10,130,715 | |
Taiwan Semiconductor Manufacturing Co. Ltd. ADR | | | 19,401 | | | | 2,639,506 | |
Total | | | | | | | 22,459,719 | |
| | | | | | | | |
Software 13.29% | | | | | | | | |
Intuit, Inc. | | | 2,531 | | | | 1,645,150 | |
Microsoft Corp. | | | 40,919 | | | | 17,215,442 | |
Oracle Corp. | | | 20,687 | | | | 2,598,494 | |
Roper Technologies, Inc. | | | 6,651 | | | | 3,730,147 | |
Total | | | | | | | 25,189,233 | |
| | | | | | | | |
Specialty Retail 4.44% | | | | | | | | |
Home Depot, Inc. | | | 5,706 | | | | 2,188,822 | |
Lowe’s Cos., Inc. | | | 9,997 | | | | 2,546,536 | |
TJX Cos., Inc. | | | 36,272 | | | | 3,678,706 | |
Total | | | | | | | 8,414,064 | |
| | | | | | | | |
Technology Hardware, Storage & Peripherals 2.60% | | | | | | | | |
Apple, Inc. | | | 28,742 | | | | 4,928,678 | |
| | | | | | | | |
Textiles, Apparel & Luxury Goods 0.35% | | | | | | | | |
NIKE, Inc. Class B | | | 7,018 | | | | 659,552 | |
| | | | | | | | |
Tobacco 1.67% | | | | | | | | |
Philip Morris International, Inc. | | | 34,566 | | | | 3,166,937 | |
Total Common Stocks (cost $145,337,931) | | | | | | | 187,789,004 | |
| | |
| See Notes to Schedule of Investments. | 51 |
Schedule of Investments (unaudited)(concluded)
LORD ABBETT SERIES FUND, INC. - DIVIDEND GROWTH PORTFOLIO March 31, 2024
Investments | | Principal Amount | | | Fair Value | |
SHORT-TERM INVESTMENTS 1.12% | | | | | | | | |
| | | | | | | | |
REPURCHASE AGREEMENTS 1.12% | | | | | | | | |
Repurchase Agreement dated 3/28/2024, 2.800% due 4/1/2024 with Fixed Income Clearing Corp. collateralized by $2,126,500 of U.S. Treasury Bond at 2.125% due 2/15/2054; value: $2,158,446; proceeds: $2,116,763 (cost $2,116,104) | | $ | 2,116,104 | | | $ | 2,116,104 | |
Total Investments in Securities 100.22% (cost $147,454,035) | | | | | | | 189,905,108 | |
Other Assets and Liabilities – Net (0.22)% | | | | | | | (410,305 | ) |
Net Assets 100.00% | | | | | | $ | 189,494,803 | |
ADR | | American Depositary Receipt. |
(a) | | Investment in non-U.S. dollar denominated securities. |
(b) | | Foreign security traded in U.S. dollars. |
The following is a summary of the inputs used as of March 31, 2024 in valuing the Fund’s investments carried at fair value(1):
Investment Type(2) | | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
Long-Term Investments | | | | | | | | | | | | | | | | |
Common Stocks | | | | | | | | | | | | | | | | |
Beverages | | $ | 3,071,358 | | | $ | 970,981 | | | $ | – | | | $ | 4,042,339 | |
Remaining Industries | | | 183,746,665 | | | | – | | | | – | | | | 183,746,665 | |
Short-Term Investments | | | | | | | | | | | | | | | | |
Repurchase Agreements | | | – | | | | 2,116,104 | | | | – | | | | 2,116,104 | |
Total | | $ | 186,818,023 | | | $ | 3,087,085 | | | $ | – | | | $ | 189,905,108 | |
(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. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized. |
A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.
52 | See Notes to Schedule of Investments. | |
Schedule of Investments (unaudited)
LORD ABBETT SERIES FUND, INC. - FUNDAMENTAL EQUITY PORTFOLIO March 31, 2024
Investments | | Shares | | | Fair Value | |
LONG-TERM INVESTMENTS 99.56% | | | | | | | | |
| | | | | | | | |
COMMON STOCKS 99.56% | | | | | | | | |
| | | | | | | | |
Aerospace & Defense 1.62% | | | | | | | | |
Lockheed Martin Corp. | | | 8,670 | | | $ | 3,943,723 | |
| | | | | | | | |
Banks 6.19% | | | | | | | | |
JPMorgan Chase & Co. | | | 49,190 | | | | 9,852,757 | |
Wells Fargo & Co. | | | 89,610 | | | | 5,193,796 | |
Total | | | | | | | 15,046,553 | |
| | | | | | | | |
Beverages 1.53% | | | | | | | | |
Carlsberg AS Class B(a) | | | 27,240 | | | | 3,730,384 | |
| | | | | | | | |
Biotechnology 1.94% | | | | | | | | |
AbbVie, Inc. | | | 25,940 | | | | 4,723,674 | |
| | | | | | | | |
Building Products 3.46% | | | | | | | | |
Allegion PLC (Ireland)(b) | | | 29,000 | | | | 3,906,590 | |
Masco Corp. | | | 57,050 | | | | 4,500,104 | |
Total | | | | | | | 8,406,694 | |
| | | | | | | | |
Capital Markets 7.62% | | | | | | | | |
Ameriprise Financial, Inc. | | | 7,360 | | | | 3,226,918 | |
Charles Schwab Corp. | | | 84,740 | | | | 6,130,092 | |
KKR & Co., Inc. | | | 53,510 | | | | 5,382,036 | |
Morgan Stanley | | | 40,080 | | | | 3,773,933 | |
Total | | | | | | | 18,512,979 | |
| | | | | | | | |
Chemicals 1.63% | | | | | | | | |
Avient Corp. | | | 91,490 | | | | 3,970,666 | |
| | | | | | | | |
Construction & Engineering 1.73% | | | | | | | | |
EMCOR Group, Inc. | | | 11,990 | | | | 4,198,898 | |
| | | | | | | | |
Construction Materials 1.85% | | | | | | | | |
CRH PLC (Ireland)(b) | | | 52,070 | | | | 4,491,558 | |
| | | | | | | | |
Consumer Staples Distribution & Retail 3.68% | | | | | | | | |
BJ’s Wholesale Club Holdings, Inc.* | | | 49,170 | | | | 3,719,711 | |
Target Corp. | | | 29,440 | | | | 5,217,062 | |
Total | | | | | | | 8,936,773 | |
| | |
| See Notes to Schedule of Investments. | 53 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. - FUNDAMENTAL EQUITY PORTFOLIO March 31, 2024
Investments | | Shares | | | Fair Value | |
Electric: Utilities 2.73% | | | | | | | | |
Entergy Corp. | | | 29,040 | | | $ | 3,068,947 | |
FirstEnergy Corp. | | | 92,540 | | | | 3,573,895 | |
Total | | | | | | | 6,642,842 | |
| | | | | | | | |
Electronic Equipment, Instruments & Components 3.81% | | | | | | | | |
Littelfuse, Inc. | | | 10,330 | | | | 2,503,476 | |
Mirion Technologies, Inc.* | | | 326,460 | | | | 3,711,850 | |
TD SYNNEX Corp. | | | 26,860 | | | | 3,037,866 | |
Total | | | | | | | 9,253,192 | |
| | | | | | | | |
Energy Equipment & Services 1.27% | | | | | | | | |
Liberty Energy, Inc. | | | 148,410 | | | | 3,075,055 | |
| | | | | | | | |
Financial Services 1.77% | | | | | | | | |
Fiserv, Inc.* | | | 26,890 | | | | 4,297,560 | |
| | | | | | | | |
Ground Transportation 1.22% | | | | | | | | |
Landstar System, Inc. | | | 15,420 | | | | 2,972,359 | |
| | | | | | | | |
Health Care Equipment & Supplies 1.52% | | | | | | | | |
Becton Dickinson & Co. | | | 14,930 | | | | 3,694,429 | |
| | | | | | | | |
Health Care Providers & Services 7.43% | | | | | | | | |
Laboratory Corp. of America Holdings | | | 19,840 | | | | 4,334,246 | |
Molina Healthcare, Inc.* | | | 12,560 | | | | 5,160,025 | |
Tenet Healthcare Corp.* | | | 43,880 | | | | 4,612,227 | |
UnitedHealth Group, Inc. | | | 7,980 | | | | 3,947,706 | |
Total | | | | | | | 18,054,204 | |
| | | | | | | | |
Household Durables 1.01% | | | | | | | | |
Helen of Troy Ltd.* | | | 21,320 | | | | 2,456,917 | |
| | | | | | | | |
Industrial REITS 0.84% | | | | | | | | |
Prologis, Inc. | | | 15,750 | | | | 2,050,965 | |
| | | | | | | | |
Insurance 7.16% | | | | | | | | |
Allstate Corp. | | | 28,180 | | | | 4,875,422 | |
Arch Capital Group Ltd.* | | | 39,230 | | | | 3,626,421 | |
Kemper Corp. | | | 77,330 | | | | 4,788,273 | |
RenaissanceRe Holdings Ltd. | | | 17,520 | | | | 4,117,726 | |
Total | | | | | | | 17,407,842 | |
| | |
54 | See Notes to Schedule of Investments. | |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. - FUNDAMENTAL EQUITY PORTFOLIO March 31, 2024
Investments | | Shares | | | Fair Value | |
Interactive Media & Services 2.63% | | | | | | |
Alphabet, Inc. Class A* | | | 42,380 | | | $ | 6,396,413 | |
| | | | | | | | |
Leisure Products 1.39% | | | | | | | | |
Malibu Boats, Inc. Class A* | | | 77,810 | | | | 3,367,617 | |
| | | | | | | | |
Life Sciences Tools & Services 1.27% | | | | | | | | |
Thermo Fisher Scientific, Inc. | | | 5,300 | | | | 3,080,413 | |
| | | | | | | | |
Machinery 3.44% | | | | | | | | |
Crane Co. | | | 27,100 | | | | 3,662,023 | |
Parker-Hannifin Corp. | | | 8,450 | | | | 4,696,425 | |
Total | | | | | | | 8,358,448 | |
| | | | | | | | |
Media 1.49% | | | | | | | | |
Comcast Corp. Class A | | | 83,440 | | | | 3,617,124 | |
| | | | | | | | |
Metals & Mining 1.02% | | | | | | | | |
Reliance, Inc. | | | 7,410 | | | | 2,476,274 | |
| | | | | | | | |
Oil, Gas & Consumable Fuels 8.03% | | | | | | | | |
Chesapeake Energy Corp. | | | 52,260 | | | | 4,642,256 | |
Diamondback Energy, Inc. | | | 21,730 | | | | 4,306,234 | |
Permian Resources Corp. | | | 289,840 | | | | 5,118,574 | |
Shell PLC ADR | | | 81,120 | | | | 5,438,285 | |
Total | | | | | | | 19,505,349 | |
| | | | | | | | |
Professional Services 1.44% | | | | | | | | |
WNS Holdings Ltd. (India)*(b) | | | 69,440 | | | | 3,508,803 | |
| | | | | | | | |
Real Estate Management & Development 1.53% | | | | | | | | |
CBRE Group, Inc. Class A* | | | 38,290 | | | | 3,723,320 | |
| | | | | | | | |
Residential REITS 0.84% | | | | | | | | |
American Homes 4 Rent Class A | | | 55,820 | | | | 2,053,060 | |
| | | | | | | | |
Semiconductors & Semiconductor Equipment 3.37% | | | | | | | | |
Silicon Motion Technology Corp. ADR | | | 47,600 | | | | 3,662,344 | |
Taiwan Semiconductor Manufacturing Co. Ltd. ADR | | | 33,330 | | | | 4,534,546 | |
Total | | | | | | | 8,196,890 | |
| | | | | | | | |
Software 3.39% | | | | | | | | |
Adobe, Inc.* | | | 6,880 | | | | 3,471,648 | |
Microsoft Corp. | | | 11,350 | | | | 4,775,172 | |
Total | | | | | | | 8,246,820 | |
| | |
| See Notes to Schedule of Investments. | 55 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. - FUNDAMENTAL EQUITY PORTFOLIO March 31, 2024
Investments | | Shares | | | Fair Value | |
Specialty Retail 6.20% | | | | | | | | |
Academy Sports & Outdoors, Inc. | | | 45,940 | | | $ | 3,102,788 | |
AutoZone, Inc.* | | | 810 | | | | 2,552,836 | |
Best Buy Co., Inc. | | | 48,910 | | | | 4,012,087 | |
Lowe’s Cos., Inc. | | | 14,090 | | | | 3,589,146 | |
Valvoline, Inc.* | | | 40,890 | | | | 1,822,467 | |
Total | | | | | | | 15,079,324 | |
| | | | | | | | |
Technology Hardware, Storage & Peripherals 1.51% | | | | | | | | |
NetApp, Inc. | | | 34,900 | | | | 3,663,453 | |
| | | | | | | | |
Trading Companies & Distributors 2.00% | | | | | | | | |
AerCap Holdings NV (Ireland)*(b) | | | 55,840 | | | | 4,853,054 | |
Total Common Stocks (cost $199,412,552) | | | | | | | 241,993,629 | |
| | | | | | | | |
| | Principal Amount | | | | | |
| | | | | | | | |
SHORT-TERM INVESTMENTS 0.48% | | | | | | | | |
| | | | | | | | |
REPURCHASE AGREEMENTS 0.48% | | | | | | | | |
Repurchase Agreement dated 3/28/2024, 2.800% due 4/1/2024 with Fixed Income Clearing Corp. collateralized by $1,197,900 of U.S. Treasury Bond at 4.250% due 2/15/2054; value: $1,183,560; proceeds: $1,160,620 (cost $1,160,259) | | $ | 1,160,259 | | | | 1,160,259 | |
Total Investments in Securities 100.04% (cost $200,572,811) | | | | | | | 243,153,888 | |
Other Assets and Liabilities – Net (0.04)% | | | | | | | (98,321 | ) |
Net Assets 100.00% | | | | | | $ | 243,055,567 | |
| | | | | | | | |
ADR | | American Depositary Receipt. |
REITS | | Real Estate Investment Trusts. |
* | | Non-income producing security. |
(a) | | Investment in non-U.S. dollar denominated securities. |
(b) | | Foreign security traded in U.S. dollars. |
| | |
56 | See Notes to Schedule of Investments. | |
Schedule of Investments (unaudited)(concluded)
LORD ABBETT SERIES FUND, INC. - FUNDAMENTAL EQUITY PORTFOLIO March 31, 2024
The following is a summary of the inputs used as of March 31, 2024 in valuing the Fund’s investments carried at fair value(1):
Investment Type(2) | | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
Long-Term Investments | | | | | | | | | | | | | | | | |
Common Stocks | | | | | | | | | | | | | | | | |
Beverages | | $ | – | | | $ | 3,730,384 | | | $ | – | | | $ | 3,730,384 | |
Remaining Industries | | | 238,263,245 | | | | – | | | | – | | | | 238,263,245 | |
Short-Term Investments | | | | | | | | | | | | | | | | |
Repurchase Agreements | | | – | | | | 1,160,259 | | | | – | | | | 1,160,259 | |
Total | | $ | 238,263,245 | | | $ | 4,890,643 | | | $ | – | | | $ | 243,153,888 | |
(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. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized. |
A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.
| See Notes to Schedule of Investments. | 57 |
Schedule of Investments (unaudited)
LORD ABBETT SERIES FUND, INC. – GROWTH AND INCOME PORTFOLIO March 31, 2024
Investments | | Shares | | | Fair Value | |
LONG-TERM INVESTMENTS 100.26% | | | | | | | | |
| | | | | | | | |
COMMON STOCKS 100.26% | | | | | | | | |
| | | | | | | | |
Aerospace & Defense 1.68% | | | | | | | | |
Lockheed Martin Corp. | | | 19,430 | | | $ | 8,838,124 | |
| | | | | | | | |
Air Freight & Logistics 0.88% | | | | | | | | |
Expeditors International of Washington, Inc. | | | 37,990 | | | | 4,618,444 | |
| | | | | | | | |
Banks 6.54% | | | | | | | | |
JPMorgan Chase & Co. | | | 109,110 | | | | 21,854,733 | |
Wells Fargo & Co. | | | 216,010 | | | | 12,519,940 | |
Total | | | | | | | 34,374,673 | |
| | | | | | | | |
Beverages 1.52% | | | | | | | | |
Carlsberg AS Class B(a) | | | 58,340 | | | | 7,989,375 | |
| | | | | | | | |
Biotechnology 2.24% | | | | | | | | |
AbbVie, Inc. | | | 64,600 | | | | 11,763,660 | |
| | | | | | | | |
Building Products 5.56% | | | | | | | | |
Allegion PLC (Ireland)(b) | | | 63,800 | | | | 8,594,498 | |
Builders FirstSource, Inc.* | | | 50,180 | | | | 10,465,039 | |
Masco Corp. | | | 129,160 | | | | 10,188,141 | |
Total | | | | | | | 29,247,678 | |
| | | | | | | | |
Capital Markets 7.66% | | | | | | | | |
Ameriprise Financial, Inc. | | | 15,970 | | | | 7,001,887 | |
Charles Schwab Corp. | | | 185,450 | | | | 13,415,453 | |
KKR & Co., Inc. | | | 116,370 | | | | 11,704,495 | |
Morgan Stanley | | | 86,890 | | | | 8,181,562 | |
Total | | | | | | | 40,303,397 | |
| | | | | | | | |
Chemicals 1.46% | | | | | | | | |
Dow, Inc. | | | 132,340 | | | | 7,666,456 | |
| | | | | | | | |
Construction & Engineering 2.07% | | | | | | | | |
EMCOR Group, Inc. | | | 31,080 | | | | 10,884,216 | |
| | | | | | | | |
Construction Materials 1.92% | | | | | | | | |
CRH PLC (Ireland)(b) | | | 116,870 | | | | 10,081,206 | |
| | | | | | | | |
Consumer Finance 1.54% | | | | | | | | |
American Express Co. | | | 35,690 | | | | 8,126,256 | |
58 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – GROWTH AND INCOME PORTFOLIO March 31, 2024
Investments | | Shares | | | Fair Value | |
Consumer Staples Distribution & Retail 3.73% | | | | | | | | |
BJ’s Wholesale Club Holdings, Inc.* | | | 106,940 | | | $ | 8,090,011 | |
Target Corp. | | | 65,200 | | | | 11,554,092 | |
Total | | | | | | | 19,644,103 | |
| | | | | | | | |
Electric: Utilities 2.88% | | | | | | | | |
Entergy Corp. | | | 47,710 | | | | 5,041,993 | |
FirstEnergy Corp. | | | 130,170 | | | | 5,027,165 | |
NextEra Energy, Inc. | | | 79,540 | | | | 5,083,402 | |
Total | | | | | | | 15,152,560 | |
| | | | | | | | |
Electronic Equipment, Instruments & Components 2.28% | | | | | | | | |
TD SYNNEX Corp. | | | 58,770 | | | | 6,646,887 | |
Teledyne Technologies, Inc.* | | | 12,420 | | | | 5,332,154 | |
Total | | | | | | | 11,979,041 | |
| | | | | | | | |
Energy Equipment & Services 1.95% | | | | | | | | |
Schlumberger NV | | | 187,370 | | | | 10,269,750 | |
| | | | | | | | |
Financial Services 1.99% | | | | | | | | |
Fiserv, Inc.* | | | 65,610 | | | | 10,485,790 | |
| | | | | | | | |
Health Care Equipment & Supplies 1.53% | | | | | | | | |
Becton Dickinson & Co. | | | 32,470 | | | | 8,034,702 | |
| | | | | | | | |
Health Care Providers & Services 7.30% | | | | | | | | |
Laboratory Corp. of America Holdings | | | 43,140 | | | | 9,424,364 | |
McKesson Corp. | | | 16,420 | | | | 8,815,077 | |
Molina Healthcare, Inc.* | | | 26,270 | | | | 10,792,504 | |
UnitedHealth Group, Inc. | | | 18,940 | | | | 9,369,618 | |
Total | | | | | | | 38,401,563 | |
| | | | | | | | |
Hotels, Restaurants & Leisure 0.99% | | | | | | | | |
Caesars Entertainment, Inc.* | | | 119,040 | | | | 5,206,810 | |
| | | | | | | | |
Household Products 0.95% | | | | | | | | |
Procter & Gamble Co. | | | 30,690 | | | | 4,979,453 | |
| | | | | | | | |
Industrial REITS 0.86% | | | | | | | | |
Prologis, Inc. | | | 34,670 | | | | 4,514,727 | |
| | | | | | | | |
Insurance 7.05% | | | | | | | | |
Allstate Corp. | | | 80,970 | | | | 14,008,620 | |
Arch Capital Group Ltd.* | | | 86,200 | | | | 7,968,328 | |
Arthur J Gallagher & Co. | | | 26,590 | | | | 6,648,563 | |
RenaissanceRe Holdings Ltd. | | | 35,960 | | | | 8,451,679 | |
Total | | | | | | | 37,077,190 | |
| See Notes to Schedule of Investments. | 59 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – GROWTH AND INCOME PORTFOLIO March 31, 2024
Investments | | Shares | | | Fair Value | |
Interactive Media & Services 2.63% | | | | | | | | |
Alphabet, Inc. Class A* | | | 91,520 | | | $ | 13,813,114 | |
| | | | | | | | |
Life Sciences Tools & Services 1.52% | | | | | | | | |
Thermo Fisher Scientific, Inc. | | | 13,740 | | | | 7,985,825 | |
| | | | | | | | |
Machinery 2.95% | | | | | | | | |
Cummins, Inc. | | | 18,060 | | | | 5,321,379 | |
Parker-Hannifin Corp. | | | 18,320 | | | | 10,182,073 | |
Total | | | | | | | 15,503,452 | |
| | | | | | | | |
Media 1.99% | | | | | | | | |
Comcast Corp. Class A | | | 241,940 | | | | 10,488,099 | |
| | | | | | | | |
Metals & Mining 1.07% | | | | | | | | |
Reliance, Inc. | | | 16,780 | | | | 5,607,540 | |
| | | | | | | | |
Oil, Gas & Consumable Fuels 7.21% | | | | | | | | |
Chesapeake Energy Corp. | | | 122,740 | | | | 10,902,994 | |
Diamondback Energy, Inc. | | | 70,200 | | | | 13,911,534 | |
Shell PLC ADR | | | 195,600 | | | | 13,113,024 | |
Total | | | | | | | 37,927,552 | |
| | | | | | | | |
Real Estate Management & Development 1.53% | | | | | | | | |
CBRE Group, Inc. Class A* | | | 82,990 | | | | 8,069,948 | |
| | | | | | | | |
Residential REITS 0.89% | | | | | | | | |
American Homes 4 Rent Class A | | | 127,420 | | | | 4,686,508 | |
| | | | | | | | |
Semiconductors & Semiconductor Equipment 2.94% | | | | | | | | |
KLA Corp. | | | 8,510 | | | | 5,944,831 | |
Taiwan Semiconductor Manufacturing Co. Ltd. ADR | | | 70,030 | | | | 9,527,581 | |
Total | | | | | | | 15,472,412 | |
| | | | | | | | |
Software 3.66% | | | | | | | | |
Adobe, Inc.* | | | 14,970 | | | | 7,553,862 | |
Microsoft Corp. | | | 27,740 | | | | 11,670,773 | |
Total | | | | | | | 19,224,635 | |
| | | | | | | | |
Specialty Retail 5.46% | | | | | | | | |
AutoZone, Inc.* | | | 1,780 | | | | 5,609,937 | |
Best Buy Co., Inc. | | | 106,360 | | | | 8,724,711 | |
Lowe’s Cos., Inc. | | | 30,270 | | | | 7,710,677 | |
Valvoline, Inc.* | | | 149,140 | | | | 6,647,170 | |
Total | | | | | | | 28,692,495 | |
60 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(concluded)
LORD ABBETT SERIES FUND, INC. – GROWTH AND INCOME PORTFOLIO March 31, 2024
Investments | | Shares | | | Fair Value | |
Technology Hardware, Storage & Peripherals 1.82% | | | | | | | | |
NetApp, Inc. | | | 91,290 | | | $ | 9,582,711 | |
| | | | | | | | |
Trading Companies & Distributors 2.01% | | | | | | | | |
AerCap Holdings NV (Ireland)*(b) | | | 121,430 | | | | 10,553,481 | |
Total Common Stocks (cost $381,724,129) | | | | | | | 527,246,946 | |
| | | | | | | | |
| | Principal Amount | | | | | |
| | | | | | | | |
SHORT-TERM INVESTMENTS 0.81% | | | | | | | | |
| | | | | | | | |
REPURCHASE AGREEMENTS 0.81% | | | | | | | | |
Repurchase Agreement dated 3/28/2024, 2.800% due 4/1/2024 with Fixed Income Clearing Corp. collateralized by $4,399,500 of U.S. Treasury Bond at 4.250% due 2/15/2054; value: $4,346,833; proceeds: $4,262,861 (cost $4,261,535) | | $ | 4,261,535 | | | | 4,261,535 | |
Total Investments in Securities 101.07% (cost $385,985,664) | | | | | | | 531,508,481 | |
Other Assets and Liabilities – Net (1.07)% | | | | | | | (5,637,243 | ) |
Net Assets 100.00% | | | | | | $ | 525,871,238 | |
| ADR | American Depositary Receipt. |
| REITS | Real Estate Investment Trusts. |
| * | Non-income producing security. |
| (a) | Investment in non-U.S. dollar denominated securities. |
| (b) | Foreign security traded in U.S. dollars. |
The following is a summary of the inputs used as of March 31, 2024 in valuing the Fund’s investments carried at fair value(1):
Investment Type(2) | | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
Long-Term Investments | | | | | | | | | | | | | | | | |
Common Stocks | | | | | | | | | | | | | | | | |
Beverages | | $ | – | | | $ | 7,989,375 | | | $ | – | | | $ | 7,989,375 | |
Remaining Industries | | | 519,257,571 | | | | – | | | | – | | | | 519,257,571 | |
Short-Term Investments | | | | | | | | | | | | | | | | |
Repurchase Agreements | | | – | | | | 4,261,535 | | | | – | | | | 4,261,535 | |
Total | | $ | 519,257,571 | | | $ | 12,250,910 | | | $ | – | | | $ | 531,508,481 | |
(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. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized. |
A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.
| See Notes to Schedule of Investments. | 61 |
Schedule of Investments (unaudited)
LORD ABBETT SERIES FUND, INC. – GROWTH OPPORTUNITIES PORTFOLIO March 31, 2024
Investments | | Shares | | | Fair Value | |
LONG-TERM INVESTMENTS 98.97% | | | | | | | | |
| | | | | | | | |
COMMON STOCKS 98.97% | | | | | | | | |
| | | | | | | | |
Aerospace & Defense 3.85% | | | | | | | | |
Axon Enterprise, Inc.* | | | 5,483 | | | $ | 1,715,521 | |
TransDigm Group, Inc. | | | 1,385 | | | | 1,705,766 | |
Total | | | | | | | 3,421,287 | |
| | | | | | | | |
Beverages 0.43% | | | | | | | | |
Celsius Holdings, Inc.* | | | 4,640 | | | | 384,749 | |
| | | | | | | | |
Biotechnology 8.17% | | | | | | | | |
Apellis Pharmaceuticals, Inc.* | | | 7,950 | | | | 467,301 | |
Arcellx, Inc.* | | | 10,651 | | | | 740,777 | |
Blueprint Medicines Corp.* | | | 7,578 | | | | 718,849 | |
Bridgebio Pharma, Inc.* | | | 16,689 | | | | 516,024 | |
Krystal Biotech, Inc.* | | | 5,701 | | | | 1,014,379 | |
Natera, Inc.* | | | 17,474 | | | | 1,598,172 | |
Neurocrine Biosciences, Inc.* | | | 9,615 | | | | 1,326,101 | |
SpringWorks Therapeutics, Inc.* | | | 17,775 | | | | 874,885 | |
Total | | | | | | | 7,256,488 | |
| | | | | | | | |
Broadline Retail 1.70% | | | | | | | | |
MercadoLibre, Inc. (Uruguay)*(a) | | | 996 | | | | 1,505,912 | |
| | | | | | | | |
Building Products 2.30% | | | | | | | | |
Lennox International, Inc. | | | 1,324 | | | | 647,118 | |
Trex Co., Inc.* | | | 13,996 | | | | 1,396,101 | |
Total | | | | | | | 2,043,219 | |
| | | | | | | | |
Capital Markets 5.14% | | | | | | | | |
ARES Management Corp. Class A | | | 9,534 | | | | 1,267,831 | |
Cboe Global Markets, Inc. | | | 4,293 | | | | 788,753 | |
Coinbase Global, Inc. Class A* | | | 5,310 | | | | 1,407,787 | |
Tradeweb Markets, Inc. Class A | | | 10,592 | | | | 1,103,369 | |
Total | | | | | | | 4,567,740 | |
| | | | | | | | |
Commercial Services & Supplies 1.36% | | | | | | | | |
Copart, Inc.* | | | 20,792 | | | | 1,204,273 | |
| | | | | | | | |
Communications Equipment 2.02% | | | | | | | | |
Arista Networks, Inc.* | | | 6,175 | | | | 1,790,626 | |
62 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – GROWTH OPPORTUNITIES PORTFOLIO March 31, 2024
Investments | | Shares | | | Fair Value | |
Construction & Engineering 4.13% | | | | | | | | |
Comfort Systems USA, Inc. | | | 3,831 | | | $ | 1,217,147 | |
EMCOR Group, Inc. | | | 3,532 | | | | 1,236,907 | |
Quanta Services, Inc. | | | 4,678 | | | | 1,215,344 | |
Total | | | | | | | 3,669,398 | |
| | | | | | | | |
Consumer Staples Distribution & Retail 1.15% | | | | | | | | |
Maplebear, Inc.* | | | 27,504 | | | | 1,025,624 | |
| | | | | | | | |
Diversified Consumer Services 1.42% | | | | | | | | |
Duolingo, Inc.* | | | 5,709 | | | | 1,259,291 | |
| | | | | | | | |
Electrical Equipment 2.02% | | | | | | | | |
Vertiv Holdings Co. Class A | | | 21,986 | | | | 1,795,597 | |
| | | | | | | | |
Entertainment 4.05% | | | | | | | | |
Live Nation Entertainment, Inc.* | | | 8,671 | | | | 917,132 | |
Spotify Technology SA (Sweden)*(a) | | | 10,155 | | | | 2,679,904 | |
Total | | | | | | | 3,597,036 | |
| | | | | | | | |
Financial Services 2.39% | | | | | | | | |
Affirm Holdings, Inc.* | | | 17,510 | | | | 652,423 | |
Apollo Global Management, Inc. | | | 13,040 | | | | 1,466,348 | |
Total | | | | | | | 2,118,771 | |
| | | | | | | | |
Ground Transportation 2.25% | | | | | | | | |
Saia, Inc.* | | | 3,411 | | | | 1,995,435 | |
| | | | | | | | |
Health Care Equipment & Supplies 6.59% | | | | | | | | |
Dexcom, Inc.* | | | 11,854 | | | | 1,644,150 | |
Glaukos Corp.* | | | 10,311 | | | | 972,224 | |
IDEXX Laboratories, Inc.* | | | 1,692 | | | | 913,562 | |
RxSight, Inc.* | | | 16,557 | | | | 854,010 | |
Shockwave Medical, Inc.* | | | 4,504 | | | | 1,466,637 | |
Total | | | | | | | 5,850,583 | |
| | | | | | | | |
Hotels, Restaurants & Leisure 9.85% | | | | | | | | |
Cava Group, Inc.* | | | 16,093 | | | | 1,127,315 | |
Chipotle Mexican Grill, Inc.* | | | 479 | | | | 1,392,343 | |
DoorDash, Inc. Class A* | | | 21,613 | | | | 2,976,542 | |
DraftKings, Inc. Class A* | | | 48,051 | | | | 2,181,996 | |
Wingstop, Inc. | | | 2,907 | | | | 1,065,125 | |
Total | | | | | | | 8,743,321 | |
| See Notes to Schedule of Investments. | 63 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – GROWTH OPPORTUNITIES PORTFOLIO March 31, 2024
Investments | | Shares | | | Fair Value | |
Household Durables 1.28% | | | | | | | | |
Lennar Corp. Class A | | | 6,606 | | | $ | 1,136,100 | |
| | | | | | | | |
Information Technology Services 3.07% | | | | | | | | |
MongoDB, Inc.* | | | 3,055 | | | | 1,095,645 | |
Shopify, Inc. Class A (Canada)*(a) | | | 21,133 | | | | 1,630,834 | |
Total | | | | | | | 2,726,479 | |
| | | | | | | | |
Interactive Media & Services 1.53% | | | | | | | | |
Pinterest, Inc. Class A* | | | 39,264 | | | | 1,361,283 | |
| | | | | | | | |
Life Sciences Tools & Services 0.95% | | | | | | | | |
Repligen Corp.* | | | 4,589 | | | | 844,009 | |
| | | | | | | | |
Media 1.67% | | | | | | | | |
Trade Desk, Inc. Class A* | | | 16,965 | | | | 1,483,080 | |
| | | | | | | | |
Personal Care Products 1.00% | | | | | | | | |
elf Beauty, Inc.* | | | 4,538 | | | | 889,584 | |
| | | | | | | | |
Professional Services 1.05% | | | | | | | | |
Booz Allen Hamilton Holding Corp. | | | 6,278 | | | | 931,906 | |
| | | | | | | | |
Real Estate Management & Development 0.75% | | | | | | | | |
CoStar Group, Inc.* | | | 6,941 | | | | 670,501 | |
| | | | | | | | |
Semiconductors & Semiconductor Equipment 4.55% | | | | | | | | |
Entegris, Inc. | | | 8,002 | | | | 1,124,601 | |
KLA Corp. | | | 1,458 | | | | 1,018,515 | |
Monolithic Power Systems, Inc. | | | 2,805 | | | | 1,900,163 | |
Total | | | | | | | 4,043,279 | |
| | | | | | | | |
Software 19.46% | | | | | | | | |
AppLovin Corp. Class A* | | | 18,729 | | | | 1,296,421 | |
Cadence Design Systems, Inc.* | | | 3,528 | | | | 1,098,196 | |
Crowdstrike Holdings, Inc. Class A* | | | 6,554 | | | | 2,101,147 | |
CyberArk Software Ltd. (Israel)*(a) | | | 5,310 | | | | 1,410,495 | |
Datadog, Inc. Class A* | | | 13,563 | | | | 1,676,387 | |
Gitlab, Inc. Class A* | | | 16,129 | | | | 940,643 | |
HubSpot, Inc.* | | | 2,552 | | | | 1,598,981 | |
Manhattan Associates, Inc.* | | | 3,431 | | | | 858,539 | |
Monday.com Ltd. (Israel)*(a) | | | 5,712 | | | | 1,290,169 | |
Palantir Technologies, Inc. Class A* | | | 49,951 | | | | 1,149,373 | |
64 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – GROWTH OPPORTUNITIES PORTFOLIO March 31, 2024
Investments | | Shares | | | Fair Value | |
Software (continued) | | | | | | | | |
Procore Technologies, Inc.* | | | 14,638 | | | $ | 1,202,805 | |
Samsara, Inc. Class A* | | | 23,951 | | | | 905,108 | |
Synopsys, Inc.* | | | 1,161 | | | | 663,512 | |
Zscaler, Inc.* | | | 5,681 | | | | 1,094,331 | |
Total | | | | | | | 17,286,107 | |
| | | | | | | | |
Specialty Retail 1.20% | | | | | | | | |
Ross Stores, Inc. | | | 7,261 | | | | 1,065,624 | |
| | | | | | | | |
Technology Hardware, Storage & Peripherals 1.83% | | | | | | | | |
Super Micro Computer, Inc.* | | | 1,608 | | | | 1,624,128 | |
| | | | | | | | |
Textiles, Apparel & Luxury Goods 1.81% | | | | | | | | |
Deckers Outdoor Corp.* | | | 1,706 | | | | 1,605,790 | |
Total Common Stocks (cost $70,295,484) | | | | | | | 87,897,220 | |
| | | | | | | | |
| | Principal Amount | | | | | |
| | | | | | | | |
SHORT-TERM INVESTMENTS 2.03% | | | | | | | | |
| | | | | | | | |
REPURCHASE AGREEMENTS 2.03% | | | | | | | | |
Repurchase Agreement dated 3/28/2024, 2.800% due 4/1/2024 with Fixed Income Clearing Corp. collateralized by $1,858,600 of U.S. Treasury Bond at 4.250% due 2/15/2054; value: $1,836,350; proceeds: $1,800,844 (cost $1,800,284) | | $ | 1,800,284 | | | | 1,800,284 | |
Total Investments in Securities 101.00% (cost $72,095,768) | | | | | | | 89,697,504 | |
Other Assets and Liabilities – Net (1.00)% | | | | | | | (890,274 | ) |
Net Assets 100.00% | | | | | | $ | 88,807,230 | |
| * | Non-income producing security. |
| (a) | Foreign security traded in U.S. dollars. |
| See Notes to Schedule of Investments. | 65 |
Schedule of Investments (unaudited)(concluded)
LORD ABBETT SERIES FUND, INC. – GROWTH OPPORTUNITIES PORTFOLIO March 31, 2024
The following is a summary of the inputs used as of March 31, 2024 in valuing the Fund’s investments carried at fair value(1):
Investment Type(2) | | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
Long-Term Investments | | | | | | | | | | | | | | | | |
Common Stocks | | $ | 87,897,220 | | | $ | – | | | $ | – | | | $ | 87,897,220 | |
Short-Term Investments | | | | | | | | | | | | | | | | |
Repurchase Agreements | | | – | | | | 1,800,284 | | | | – | | | | 1,800,284 | |
Total | | $ | 87,897,220 | | | $ | 1,800,284 | | | $ | – | | | $ | 89,697,504 | |
(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. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized |
A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.
66 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)
LORD ABBETT SERIES FUND, INC. – MID CAP STOCK PORTFOLIO March 31, 2024
Investments | | Shares | | | Fair Value | |
LONG-TERM INVESTMENTS 99.33% | | | | | | | | |
| | | | | | | | |
COMMON STOCKS 99.33% | | | | | | | | |
| | | | | | | | |
Banks 1.79% | | | | | | | | |
East West Bancorp, Inc. | | | 60,840 | | | $ | 4,813,052 | |
| | | | | | | | |
Beverages 1.51% | | | | | | | | |
Carlsberg AS Class B(a) | | | 29,570 | | | | 4,049,466 | |
| | | | | | | | |
Building Products 5.73% | | | | | | | | |
Allegion PLC (Ireland)(b) | | | 32,380 | | | | 4,361,910 | |
Builders FirstSource, Inc.* | | | 22,980 | | | | 4,792,479 | |
Masco Corp. | | | 78,930 | | | | 6,225,998 | |
Total | | | | | | | 15,380,387 | |
| | | | | | | | |
Capital Markets 5.85% | | | | | | | | |
Ameriprise Financial, Inc. | | | 10,960 | | | | 4,805,303 | |
KKR & Co., Inc. | | | 60,250 | | | | 6,059,945 | |
Moelis & Co. Class A | | | 85,290 | | | | 4,841,913 | |
Total | | | | | | | 15,707,161 | |
| | | | | | | | |
Chemicals 1.30% | | | | | | | | |
Avient Corp. | | | 80,550 | | | | 3,495,870 | |
| | | | | | | | |
Communications Equipment 1.12% | | | | | | | | |
F5, Inc.* | | | 15,930 | | | | 3,020,169 | |
| | | | | | | | |
Construction & Engineering 1.72% | | | | | | | | |
EMCOR Group, Inc. | | | 13,190 | | | | 4,619,138 | |
| | | | | | | | |
Construction Materials 3.20% | | | | | | | | |
CRH PLC (Ireland)(b) | | | 50,990 | | | | 4,398,398 | |
Eagle Materials, Inc. | | | 15,460 | | | | 4,201,255 | |
Total | | | | | | | 8,599,653 | |
| | | | | | | | |
Consumer Staples Distribution & Retail 3.73% | | | | | | | | |
BJ’s Wholesale Club Holdings, Inc.* | | | 55,570 | | | | 4,203,871 | |
Target Corp. | | | 32,840 | | | | 5,819,576 | |
Total | | | | | | | 10,023,447 | |
| | | | | | | | |
Containers & Packaging 1.16% | | | | | | | | |
Avery Dennison Corp. | | | 13,910 | | | | 3,105,408 | |
| See Notes to Schedule of Investments. | 67 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – MID CAP STOCK PORTFOLIO March 31, 2024
Investments | | Shares | | | Fair Value | |
Electric: Utilities 4.25% | | | | | | | | |
Entergy Corp. | | | 41,000 | | | $ | 4,332,880 | |
FirstEnergy Corp. | | | 97,703 | | | | 3,773,290 | |
Portland General Electric Co. | | | 78,489 | | | | 3,296,538 | |
Total | | | | | | | 11,402,708 | |
| | | | | | | | |
Electronic Equipment, Instruments & Components 6.32% | | | | | | | | |
Crane NXT Co. | | | 44,270 | | | | 2,740,313 | |
Keysight Technologies, Inc.* | | | 25,070 | | | | 3,920,446 | |
Littelfuse, Inc. | | | 10,322 | | | | 2,501,537 | |
TD SYNNEX Corp. | | | 35,370 | | | | 4,000,347 | |
Teledyne Technologies, Inc.* | | | 8,850 | | | | 3,799,482 | |
Total | | | | | | | 16,962,125 | |
| | | | | | | | |
Energy Equipment & Services 1.00% | | | | | | | | |
Liberty Energy, Inc. | | | 129,560 | | | | 2,684,483 | |
| | | | | | | | |
Financial Services 1.50% | | | | | | | | |
Global Payments, Inc. | | | 30,080 | | | | 4,020,493 | |
| | | | | | | | |
Ground Transportation 2.65% | | | | | | | | |
Landstar System, Inc. | | | 19,710 | | | | 3,799,299 | |
Norfolk Southern Corp. | | | 13,040 | | | | 3,323,505 | |
Total | | | | | | | 7,122,804 | |
| | | | | | | | |
Health Care Providers & Services 8.63% | | | | | | | | |
Cencora, Inc. | | | 24,910 | | | | 6,052,881 | |
Laboratory Corp. of America Holdings | | | 24,840 | | | | 5,426,546 | |
Molina Healthcare, Inc.* | | | 16,220 | | | | 6,663,663 | |
Tenet Healthcare Corp.* | | | 47,860 | | | | 5,030,565 | |
Total | | | | | | | 23,173,655 | |
| | | | | | | | |
Hotels, Restaurants & Leisure 1.17% | | | | | | | | |
Caesars Entertainment, Inc.* | | | 71,650 | | | | 3,133,971 | |
| | | | | | | | |
Household Durables 1.23% | | | | | | | | |
Helen of Troy Ltd.* | | | 28,680 | | | | 3,305,083 | |
| | | | | | | | |
Insurance 10.70% | | | | | | | | |
Allstate Corp. | | | 29,050 | | | | 5,025,941 | |
American Financial Group, Inc. | | | 29,870 | | | | 4,076,658 | |
Arch Capital Group Ltd.* | | | 45,100 | | | | 4,169,044 | |
Arthur J Gallagher & Co. | | | 11,050 | | | | 2,762,942 | |
68 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – MID CAP STOCK PORTFOLIO March 31, 2024
Investments | | Shares | | | Fair Value | |
Insurance (continued) | | | | | | | | |
Kemper Corp. | | | 81,170 | | | $ | 5,026,046 | |
RenaissanceRe Holdings Ltd. | | | 17,770 | | | | 4,176,483 | |
White Mountains Insurance Group Ltd. | | | 1,950 | | | | 3,498,885 | |
Total | | | | | | | 28,735,999 | |
| | | | | | | | |
Leisure Products 1.09% | | | | | | | | |
Brunswick Corp. | | | 30,470 | | | | 2,940,964 | |
| | | | | | | | |
Machinery 4.73% | | | | | | | | |
Crane Co. | | | 21,269 | | | | 2,874,080 | |
Cummins, Inc. | | | 11,340 | | | | 3,341,331 | |
Parker-Hannifin Corp. | | | 11,670 | | | | 6,486,069 | |
Total | | | | | | | 12,701,480 | |
| | | | | | | | |
Media 1.00% | | | | | | | | |
Nexstar Media Group, Inc. | | | 15,630 | | | | 2,692,893 | |
| | | | | | | | |
Multi-Utilities 1.40% | | | | | | | | |
CMS Energy Corp. | | | 62,550 | | | | 3,774,267 | |
| | | | | | | | |
Oil, Gas & Consumable Fuels 6.05% | | | | | | | | |
Chesapeake Energy Corp. | | | 58,810 | | | | 5,224,092 | |
Devon Energy Corp. | | | 108,210 | | | | 5,429,978 | |
Permian Resources Corp. | | | 316,620 | | | | 5,591,509 | |
Total | | | | | | | 16,245,579 | |
| | | | | | | | |
Professional Services 4.14% | | | | | | | | |
CACI International, Inc. Class A* | | | 8,710 | | | | 3,299,609 | |
Maximus, Inc. | | | 47,490 | | | | 3,984,411 | |
WNS Holdings Ltd. (India)*(b) | | | 76,130 | | | | 3,846,849 | |
Total | | | | | | | 11,130,869 | |
| | | | | | | | |
Real Estate Management & Development 1.75% | | | | | | | | |
CBRE Group, Inc. Class A* | | | 48,310 | | | | 4,697,664 | |
| | | | | | | | |
Residential REITS 1.07% | | | | | | | | |
American Homes 4 Rent Class A | | | 78,340 | | | | 2,881,345 | |
| | | | | | | | |
Retail REITS 1.03% | | | | | | | | |
Kimco Realty Corp. | | | 140,730 | | | | 2,759,715 | |
| See Notes to Schedule of Investments. | 69 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – MID CAP STOCK PORTFOLIO March 31, 2024
Investments | | Shares | | | Fair Value | |
Semiconductors & Semiconductor Equipment 2.50% | | | | | | | | |
Silicon Motion Technology Corp. ADR | | | 34,900 | | | $ | 2,685,206 | |
Teradyne, Inc. | | | 35,820 | | | | 4,041,571 | |
Total | | | | | | | 6,726,777 | |
| | | | | | | | |
Software 1.04% | | | | | | | | |
Aspen Technology, Inc.* | | | 13,110 | | | | 2,796,101 | |
| | | | | | | | |
Specialty Retail 3.91% | | | | | | | | |
Academy Sports & Outdoors, Inc. | | | 50,530 | | | | 3,412,796 | |
Best Buy Co., Inc. | | | 53,590 | | | | 4,395,988 | |
Valvoline, Inc.* | | | 60,160 | | | | 2,681,331 | |
Total | | | | | | | 10,490,115 | |
| | | | | | | | |
Technology Hardware, Storage & Peripherals 1.90% | | | | | | | | |
NetApp, Inc. | | | 48,660 | | | | 5,107,840 | |
| | | | | | | | |
Trading Companies & Distributors 3.16% | | | | | | | | |
AerCap Holdings NV (Ireland)*(b) | | | 61,190 | | | | 5,318,023 | |
Core & Main, Inc. Class A* | | | 55,210 | | | | 3,160,772 | |
Total | | | | | | | 8,478,795 | |
Total Common Stocks (cost $205,820,466) | | | | | | | 266,779,476 | |
| | | | | | | | |
| | Principal Amount | | | | | |
| | | | | | | | |
SHORT-TERM INVESTMENTS 1.20% | | | | | | | | |
| | | | | | | | |
REPURCHASE AGREEMENTS 1.20% | | | | | | | | |
Repurchase Agreement dated 3/28/2024, 2.800% due 4/1/2024 with Fixed Income Clearing Corp. collateralized by $1,746,100 of U.S. Treasury Bond at 2.125% due 2/15/2054; $1,527,900 of U.S. Treasury Inflation Indexed Bond at 4.25% due 2/15/2054; value: $3,281,940; proceeds: $3,218,551 (cost $3,217,550) | | $ | 3,217,550 | | | | 3,217,550 | |
Total Investments in Securities 100.53% (cost $209,038,016) | | | | | | | 269,997,026 | |
Other Assets and Liabilities – Net (0.53)% | | | | | | | (1,425,189 | ) |
Net Assets 100.00% | | | | | | $ | 268,571,837 | |
| ADR | American Depositary Receipt. |
| REITS | Real Estate Investment Trusts. |
| * | Non-income producing security. |
| (a) | Investment in non-U.S. dollar denominated securities. |
| (b) | Foreign security traded in U.S. dollars. |
70 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(concluded)
LORD ABBETT SERIES FUND, INC. – MID CAP STOCK PORTFOLIO March 31, 2024
The following is a summary of the inputs used as of March 31, 2024 in valuing the Fund’s investments carried at fair value(1):
Investment Type(2) | | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
Long-Term Investments | | | | | | | | | | | | | | | | |
Common Stocks | | | | | | | | | | | | | | | | |
Beverages | | $ | – | | | $ | 4,049,466 | | | $ | – | | | $ | 4,049,466 | |
Remaining Industries | | | 262,730,010 | | | | – | | | | – | | | | 262,730,010 | |
Short-Term Investments | | | | | | | | | | | | | | | | |
Repurchase Agreements | | | – | | | | 3,217,550 | | | | – | | | | 3,217,550 | |
Total | | $ | 262,730,010 | | | $ | 7,267,016 | | | $ | – | | | $ | 269,997,026 | |
(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. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized. |
A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.
| See Notes to Schedule of Investments. | 71 |
Schedule of Investments (unaudited)
LORD ABBETT SERIES FUND, INC. – SHORT DURATION INCOME PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
LONG-TERM INVESTMENTS 98.72% | | | | | | | | | | | | |
| | | | | | | | | | | | |
ASSET-BACKED SECURITIES 23.87% | | | | | | | | | | | | |
| | | | | | | | | | | | |
Automobiles 8.93% | | | | | | | | | | | | |
Ally Auto Receivables Trust Series 2023-1 Class A3 | | 5.46% | | 5/15/2028 | | $ | 300,000 | | | $ | 301,768 | |
AmeriCredit Automobile Receivables Trust Series 2023-1 Class A2A | | 5.84% | | 10/19/2026 | | | 154,812 | | | | 154,884 | |
AmeriCredit Automobile Receivables Trust Series 2023-1 Class A3 | | 5.62% | | 11/18/2027 | | | 170,000 | | | | 170,854 | |
AmeriCredit Automobile Receivables Trust Series 2023-1 Class C | | 5.80% | | 12/18/2028 | | | 100,000 | | | | 100,859 | |
AmeriCredit Automobile Receivables Trust Series 2023-A2 Class A2 | | 6.19% | | 4/19/2027 | | | 306,116 | | | | 307,146 | |
Avis Budget Rental Car Funding AESOP LLC Series 2019-3A Class A† | | 2.36% | | 3/20/2026 | | | 115,000 | | | | 112,287 | |
Avis Budget Rental Car Funding AESOP LLC Series 2020-2A Class A† | | 2.02% | | 2/20/2027 | | | 260,000 | | | | 245,589 | |
Bayview Opportunity Master Fund VII LLC Series 2024-CAR1 Class A†(a) | 6.572% (30 day USD SOFR Average + 1.10% | )# | 12/26/2031 | | | 250,000 | | | | 250,000 | |
BMW Vehicle Lease Trust Series 2023-2 Class A3 | | 5.99% | | 9/25/2026 | | | 495,000 | | | | 499,170 | |
CarMax Auto Owner Trust Series 2020-2 Class D | | 5.75% | | 5/17/2027 | | | 275,000 | | | | 274,929 | |
CarMax Auto Owner Trust Series 2023-3 Class A2A | | 5.72% | | 11/16/2026 | | | 242,810 | | | | 242,980 | |
CarMax Auto Owner Trust Series 2023-3 Class A3 | | 5.28% | | 5/15/2028 | | | 300,000 | | | | 300,726 | |
Carvana Auto Receivables Trust Series 2021-N1 Class A | | 0.70% | | 1/10/2028 | | | 14,738 | | | | 14,125 | |
Carvana Auto Receivables Trust Series 2022-P1 Class A3 | | 3.35% | | 2/10/2027 | | | 285,381 | | | | 280,943 | |
Carvana Auto Receivables Trust Series 2022-P2 Class A4 | | 4.68% | | 2/10/2028 | | | 120,000 | | | | 118,521 | |
Citizens Auto Receivables Trust Series 2023-1 Class A3† | | 5.84% | | 1/18/2028 | | | 300,000 | | | | 302,680 | |
Citizens Auto Receivables Trust Series 2023-2 Class A2A† | | 6.09% | | 10/15/2026 | | | 134,638 | | | | 134,930 | |
Credit Acceptance Auto Loan Trust Series 2021-3A Class A† | | 1.00% | | 5/15/2030 | | | 56,002 | | | | 55,604 | |
Drive Auto Receivables Trust Series 2021-2 Class D | | 1.39% | | 3/15/2029 | | | 171,000 | | | | 163,752 | |
Enterprise Fleet Financing LLC Series 2023-1 Class A2† | | 5.51% | | 1/22/2029 | | | 101,834 | | | | 101,781 | |
Exeter Automobile Receivables Trust Series 2021-2A Class C | | 0.98% | | 6/15/2026 | | | 10,495 | | | | 10,414 | |
First Investors Auto Owners Trust Series 2022-2A Class A† | | 6.26% | | 7/15/2027 | | | 110,139 | | | | 110,385 | |
Flagship Credit Auto Trust Series 2022-4 Class A2† | | 6.15% | | 9/15/2026 | | | 92,536 | | | | 92,607 | |
72 | See Notes to Schedule of Investments. | |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – SHORT DURATION INCOME PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Automobiles (continued) | | | | | | | | | | | | |
Flagship Credit Auto Trust Series 2022-4 Class A3† | | 6.32% | | 6/15/2027 | | $ | 285,000 | | | $ | 286,809 | |
Flagship Credit Auto Trust Series 2023-1 Class A3† | | 5.01% | | 8/16/2027 | | | 270,000 | | | | 268,379 | |
Ford Credit Auto Lease Trust Series 2024-A Class A3 | | 5.06% | | 5/15/2027 | | | 160,000 | | | | 159,850 | |
Ford Credit Auto Lease Trust Series 2024-A Class B | | 5.29% | | 6/15/2027 | | | 310,000 | | | | 309,333 | |
Ford Credit Auto Owner Trust Series 2020-C Class A3 | | 0.41% | | 7/15/2025 | | | 9,401 | | | | 9,360 | |
Ford Credit Auto Owner Trust Series 2022-1 Class A† | | 3.88% | | 11/15/2034 | | | 240,000 | | | | 232,474 | |
GM Financial Automobile Leasing Trust Series 2022-2 Class A3 | | 3.42% | | 6/20/2025 | | | 111,133 | | | | 110,749 | |
GM Financial Automobile Leasing Trust Series 2023-3 Class A3 | | 5.38% | | 11/20/2026 | | | 680,000 | | | | 680,949 | |
GM Financial Consumer Automobile Receivables Trust Series 2021-1 Class A3 | | 0.35% | | 10/16/2025 | | | 13,382 | | | | 13,277 | |
Hertz Vehicle Financing III LP Series 2021-2A Class A† | | 1.68% | | 12/27/2027 | | | 255,000 | | | | 233,004 | |
Hertz Vehicle Financing LLC Series 2021-1A Class A† | | 1.21% | | 12/26/2025 | | | 175,000 | | | | 170,901 | |
Honda Auto Receivables Owner Trust Series 2023-1 Class A2 | | 5.22% | | 10/21/2025 | | | 333,341 | | | | 332,929 | |
Huntington Auto Trust Series 2024-1A Class A3† | | 5.23% | | 1/16/2029 | | | 200,000 | | | | 200,485 | |
Hyundai Auto Lease Securitization Trust Series 2024-A Class A3† | | 5.02% | | 3/15/2027 | | | 145,000 | | | | 144,384 | |
NextGear Floorplan Master Owner Trust Series 2023-1A Class A2† | | 5.74% | | 3/15/2028 | | | 235,000 | | | | 236,970 | |
OneMain Direct Auto Receivables Trust Series 2021-1A Class A† | | 0.87% | | 7/14/2028 | | | 159,665 | | | | 154,013 | |
PenFed Auto Receivables Owner Trust Series 2022-A Class A3† | | 3.96% | | 4/15/2026 | | | 266,222 | | | | 264,521 | |
Santander Drive Auto Receivables Trust Series 2022-6 Class C | | 4.96% | | 11/15/2028 | | | 325,000 | | | | 321,509 | |
Santander Drive Auto Receivables Trust Series 2024-1 Class A2 | | 5.71% | | 2/16/2027 | | | 225,000 | | | | 225,137 | |
SBNA Auto Lease Trust Series 2023-A Class A3† | | 6.51% | | 4/20/2027 | | | 335,000 | | | | 340,402 | |
SBNA Auto Lease Trust Series 2024-A Class A3† | | 5.39% | | 11/20/2026 | | | 180,000 | | | | 180,078 | |
SFS Auto Receivables Securitization Trust Series 2023-1A Class A3† | | 5.47% | | 10/20/2028 | | | 130,000 | | | | 130,659 | |
SFS Auto Receivables Securitization Trust Series 2024-1 Class A3† | | 4.95% | | 5/21/2029 | | | 85,000 | | | | 84,654 | |
Volkswagen Auto Lease Trust Series 2024-A Class A3 | | 5.21% | | 6/21/2027 | | | 225,000 | | | | 225,612 | |
Westlake Automobile Receivables Trust Series 2021-2A Class C† | | 0.89% | | 7/15/2026 | | | 67,085 | | | | 66,222 | |
Westlake Automobile Receivables Trust Series 2022-2A Class A2A† | | 5.87% | | 7/15/2026 | | | 181,327 | | | | 181,428 | |
Westlake Automobile Receivables Trust Series 2022-2A Class B† | | 6.14% | | 3/15/2028 | | | 100,000 | | | | 100,563 | |
| See Notes to Schedule of Investments. | 73 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – SHORT DURATION INCOME PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Automobiles (continued) | | | | | | | | | | | | |
Westlake Automobile Receivables Trust Series 2022-2A Class C† | | 4.85% | | 9/15/2027 | | $ | 80,000 | | | $ | 79,237 | |
Westlake Automobile Receivables Trust Series 2023-1A Class A2A† | | 5.51% | | 6/15/2026 | | | 95,789 | | | | 95,737 | |
Westlake Automobile Receivables Trust Series 2023-3A Class A2A† | | 5.96% | | 10/15/2026 | | | 567,318 | | | | 567,841 | |
Westlake Flooring Master Trust Series 2024-1A Class A† | | 5.43% | | 2/15/2028 | | | 195,000 | | | | 195,361 | |
Total | | | | | | | | | | | 10,949,761 | |
| | | | | | | | | | | | |
Credit Card 1.35% | | | | | | | | | | | | |
Capital One Multi-Asset Execution Trust Series 2022-A2 Class A | | 3.49% | | 5/15/2027 | | | 680,000 | | | | 666,598 | |
Discover Card Execution Note Trust Series 2022-A4 Class A | | 5.03% | | 10/15/2027 | | | 120,000 | | | | 119,827 | |
Discover Card Execution Note Trust Series 2023-A2 Class A | | 4.93% | | 6/15/2028 | | | 690,000 | | | | 689,151 | |
Synchrony Card Funding LLC Series 2023-A1 Class A | | 5.54% | | 7/15/2029 | | | 185,000 | | | | 186,861 | |
Total | | | | | | | | | | | 1,662,437 | |
| | | | | | | | | | | | |
Other 13.14% | | | | | | | | | | | | |
ACAM Ltd. Series 2019-FL1 Class A† | | 6.841% (1 mo. USD Term SOFR + 1.51% | )# | 11/17/2034 | | | 3,362 | | | | 3,359 | |
ACREC Ltd. Series 2021-FL1 Class A† | | 6.591% (1 mo. USD Term SOFR + 1.26% | )# | 10/16/2036 | | | 249,491 | | | | 247,786 | |
ACRES Commercial Realty Ltd. Series 2021-FL2 Class A† | | 6.84% (1 mo. USD Term SOFR + 1.51% | )# | 1/15/2037 | | | 311,516 | | | | 307,906 | |
Affirm Asset Securitization Trust Series 2023-B Class 1A† | | 6.82% | | 9/15/2028 | | | 225,000 | | | | 228,489 | |
Affirm Asset Securitization Trust Series 2023-B Class A† | | 6.82% | | 9/15/2028 | | | 180,000 | | | | 182,791 | |
Affirm Asset Securitization Trust Series 2024-A Class A† | | 5.61% | | 2/15/2029 | | | 100,000 | | | | 99,836 | |
Apidos CLO XXII Ltd. Series 2015-22A Class A1R† | | 6.639% (3 mo. USD Term SOFR + 1.32% | )# | 4/20/2031 | | | 225,401 | | | | 225,838 | |
Apidos CLO XXXI Ltd. Series 2019-31A Class A1R† | | 6.676% (3 mo. USD Term SOFR + 1.36% | )# | 4/15/2031 | | | 250,000 | | | | 250,129 | |
Aqua Finance Trust Series 2021-A Class A† | | 1.54% | | 7/17/2046 | | | 102,250 | | | | 91,485 | |
Arbor Realty Commercial Real Estate Notes Ltd. Series 2021-FL2 Class A† | | 6.54% (1 mo. USD Term SOFR + 1.21% | )# | 5/15/2036 | | | 159,957 | | | | 159,582 | |
74 | See Notes to Schedule of Investments. | |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – SHORT DURATION INCOME PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Other (continued) | | | | | | | | | | | | |
Arbor Realty Commercial Real Estate Notes Ltd. Series 2021-FL3 Class A† | | 6.51% (1 mo. USD Term SOFR + 1.18% | )# | 8/15/2034 | | $ | 150,000 | | | $ | 148,551 | |
Arbor Realty Commercial Real Estate Notes Ltd. Series 2022-FL1 Class A† | | 6.769% (30 day USD SOFR Average + 1.45% | )# | 1/15/2037 | | | 230,000 | | | | 229,094 | |
ARES L CLO Ltd. Series 2018-50A Class AR† | | 6.626% (3 mo. USD Term SOFR + 1.31% | )# | 1/15/2032 | | | 250,000 | | | | 250,075 | |
Bain Capital Credit CLO Ltd. Series 2017-1A Class A1R† | | 6.549% (3 mo. USD Term SOFR + 1.23% | )# | 7/20/2030 | | | 179,825 | | | | 180,259 | |
Bain Capital Credit CLO Ltd. Series 2019-1A Class AR† | | 6.701% (3 mo. USD Term SOFR + 1.39% | )# | 4/19/2034 | | | 450,000 | | | | 449,657 | |
Ballyrock CLO Ltd. Series 2019-2A Class A1RR† | | 6.719% (3 mo. USD Term SOFR + 1.40% | )# | 2/20/2036 | | | 250,000 | | | | 250,545 | |
Barings CLO Ltd. Series 2019-3A Class A1R† | | 6.649% (3 mo. USD Term SOFR + 1.33% | )# | 4/20/2031 | | | 500,000 | | | | 501,151 | |
Benefit Street Partners CLO IV Ltd. Series 2014-IVA Class AR4† | | 6.671% (3 mo. USD Term SOFR + 1.35% | )# | 4/20/2034 | | | 250,000 | | | | 249,962 | |
Betony CLO 2 Ltd. Series 2018-1A Class A1† | | 6.659% (3 mo. USD Term SOFR + 1.34% | )# | 4/30/2031 | | | 343,799 | | | | 344,567 | |
BlueMountain Fuji U.S. CLO I Ltd. Series 2017-1A Class A1R† | | 6.559% (3 mo. USD Term SOFR + 1.24% | )# | 7/20/2029 | | | 206,106 | | | | 206,028 | |
BSPRT Issuer Ltd. Series 2021-FL7 Class A† | | 6.76% (1 mo. USD Term SOFR + 1.43% | )# | 12/15/2038 | | | 218,677 | | | | 218,158 | |
Carlyle Global Market Strategies CLO Ltd. Series 2015-1A Class AR3† | | 6.559% (3 mo. USD Term SOFR + 1.24% | )# | 7/20/2031 | | | 440,160 | | | | 440,270 | |
Carlyle U.S. CLO Ltd. Series 2017-3A Class A1AR† | | 6.479% (3 mo. USD Term SOFR + 1.16% | )# | 7/20/2029 | | | 186,660 | | | | 186,609 | |
Carlyle U.S. CLO Ltd. Series 2019-1A Class A1AR† | | 6.659% (3 mo. USD Term SOFR + 1.34% | )# | 4/20/2031 | | | 250,000 | | | | 250,250 | |
Cedar Funding IX CLO Ltd. Series 2018-9A Class A1† | | 6.559% (3 mo. USD Term SOFR + 1.24% | )# | 4/20/2031 | | | 218,124 | | | | 218,309 | |
| See Notes to Schedule of Investments. | 75 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – SHORT DURATION INCOME PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Other (continued) | | | | | | | | | | | | |
Cedar Funding X CLO Ltd. Series 2019-10A Class AR† | | 6.679% (3 mo. USD Term SOFR + 1.36% | )# | 10/20/2032 | | $ | 250,000 | | | $ | 250,030 | |
Cedar Funding XI Clo Ltd. Series 2019-11A Class A1R† | | 6.655% (3 mo. USD Term SOFR + 1.31% | )# | 5/29/2032 | | | 220,000 | | | | 220,548 | |
Cedar Funding XIV CLO Ltd. Series 2021-14A Class A† | | 6.676% (3 mo. USD Term SOFR + 1.36% | )# | 7/15/2033 | | | 250,000 | | | | 250,080 | |
CIFC Funding Ltd. Series 2013-2A Class A1L2† | | 6.56% (3 mo. USD Term SOFR + 1.26% | )# | 10/18/2030 | | | 445,506 | | | | 445,506 | |
Dell Equipment Finance Trust Series 2023-2 Class A2† | | 5.84% | | 1/22/2029 | | | 345,016 | | | | 345,342 | |
Dryden 113 CLO Ltd. Series 2022-113A Class A1R† | | 7.046% (3 mo. USD Term SOFR + 1.63% | )# | 10/20/2035 | | | 250,000 | | | | 251,247 | |
Dryden Senior Loan Fund Series 2017-47A Class A1R† | | 6.556% (3 mo. USD Term SOFR + 1.24% | )# | 4/15/2028 | | | 118,276 | | | | 118,523 | |
Elmwood CLO VII Ltd. Series 2020-4A Class AR† | | 6.947% (3 mo. USD Term SOFR + 1.63% | )# | 1/17/2034 | | | 250,000 | | | | 251,153 | |
Galaxy XIX CLO Ltd. Series 2015-19A Class A1RR† | | 6.53% (3 mo. USD Term SOFR + 1.21% | )# | 7/24/2030 | | | 122,966 | | | | 123,225 | |
GreatAmerica Leasing Receivables Series 2024-1 Class A4† | | 5.08% | | 12/16/2030 | | | 375,000 | | | | 374,146 | |
Greystone CRE Notes Ltd. Series 2021-FL3 Class A† | | 6.46% (1 mo. USD Term SOFR + 1.13% | )# | 7/15/2039 | | | 170,000 | | | | 168,319 | |
HGI CRE CLO Ltd. Series 2021-FL2 Class A† | | 6.441% (1 mo. USD Term SOFR + 1.11% | )# | 9/17/2036 | | | 109,640 | | | | 108,832 | |
KKR CLO 24 Ltd. Series 24 Class A1R† | | 6.659% (3 mo. USD Term SOFR + 1.34% | )# | 4/20/2032 | | | 250,000 | | | | 250,063 | |
Lendmark Funding Trust Series 2021-2A Class A† | | 2.00% | | 4/20/2032 | | | 260,000 | | | | 235,383 | |
LFT CRE Ltd. Series 2021-FL1 Class B† | | 7.19% (1 mo. USD Term SOFR + 1.86% | )# | 6/15/2039 | | | 200,000 | | | | 192,911 | |
LoanCore Issuer Ltd. Series 2022-CRE7 Class A† | | 6.869% (30 day USD SOFR Average + 1.55% | )# | 1/17/2037 | | | 259,964 | | | | 257,710 | |
Madison Park Funding XI Ltd. Series 2013-11A Class AR2† | | 6.477% (3 mo. USD Term SOFR + 1.16% | )# | 7/23/2029 | | | 223,712 | | | | 223,779 | |
76 | See Notes to Schedule of Investments. | |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – SHORT DURATION INCOME PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Other (continued) | | | | | | | | | | | | |
Madison Park Funding XVII Ltd. Series 2015-17A Class AR2† | | 6.579% (3 mo. USD Term SOFR + 1.26% | )# | 7/21/2030 | | $ | 234,444 | | | $ | 234,377 | |
Magnetite Xxix Ltd. Series 2021-29A Class A† | | 6.566% (3 mo. USD Term SOFR + 1.25% | )# | 1/15/2034 | | | 250,000 | | | | 250,325 | |
Mariner Finance Issuance Trust Series 2021-BA Class A† | | 2.10% | | 11/20/2036 | | | 305,000 | | | | 276,710 | |
Mariner Finance Issuance Trust Series 2022-AA Class A† | | 6.45% | | 10/20/2037 | | | 330,000 | | | | 330,929 | |
MF1 LLC Series 2022-FL9 Class A† | | 7.476% (1 mo. USD Term SOFR + 2.15% | )# | 6/19/2037 | | | 100,000 | | | | 100,120 | |
MF1 LLC Series 2024-FL14 Class A† | | 7.063% (1 mo. USD Term SOFR + 1.74% | )# | 3/19/2039 | | | 280,000 | | | | 280,613 | |
MF1 Ltd. Series 2021-FL7 Class A† | | 6.521% (1 mo. USD Term SOFR + 1.19% | )# | 10/16/2036 | | | 207,418 | | | | 206,121 | |
Mountain View CLO LLC Series 2017-1A Class AR† | | 6.666% (3 mo. USD Term SOFR + 1.35% | )# | 10/16/2029 | | | 82,838 | | | | 82,839 | |
Newark BSL CLO 1 Ltd. Series 2016-1A Class A1R† | | 6.681% (3 mo. USD Term SOFR + 1.36% | )# | 12/21/2029 | | | 172,553 | | | | 172,858 | |
OCP CLO Ltd. Series 2016-11A Class A1R2† | | 6.741% (3 mo. USD Term SOFR + 1.42% | )# | 4/26/2036 | | | 250,000 | | | | 249,548 | |
OCP CLO Ltd. Series 2019-17A Class A1R† | | 6.619% (3 mo. USD Term SOFR + 1.30% | )# | 7/20/2032 | | | 300,000 | | | | 299,795 | |
Octagon Investment Partners XIV Ltd. Series 2012-1A Class AARR† | | 6.526% (3 mo. USD Term SOFR + 1.21% | )# | 7/15/2029 | | | 119,197 | | | | 119,253 | |
Octagon Investment Partners XVII Ltd. Series 2013-1A Class A1R2† | | 6.586% (3 mo. USD Term SOFR + 1.26% | )# | 1/25/2031 | | | 202,708 | | | | 202,819 | |
Octagon Investment Partners XXI Ltd. Series 2014-1A Class AAR3† | | 6.568% (3 mo. USD Term SOFR + 1.26% | )# | 2/14/2031 | | | 500,000 | | | | 501,148 | |
Octagon Loan Funding Ltd. Series 2014-1A Class ARR† | | 6.761% (3 mo. USD Term SOFR + 1.44% | )# | 11/18/2031 | | | 250,000 | | | | 250,788 | |
OneMain Financial Issuance Trust Series 2018-2A Class A† | | 3.57% | | 3/14/2033 | | | 24,073 | | | | 23,962 | |
OneMain Financial Issuance Trust Series 2021-1A Class A1† | | 1.55% | | 6/16/2036 | | | 140,000 | | | | 126,928 | |
| See Notes to Schedule of Investments. | 77 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – SHORT DURATION INCOME PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Other (continued) | | | | | | | | | | | | |
OneMain Financial Issuance Trust Series 2021-3A Class A† | | 5.94% | | 5/15/2034 | | $ | 245,000 | | | $ | 246,484 | |
Pagaya AI Debt Trust Series 2022-1 Class A† | | 2.03% | | 10/15/2029 | | | 53,685 | | | | 53,165 | |
PFS Financing Corp. Series 2023-A Class A† | | 5.80% | | 3/15/2028 | | | 220,000 | | | | 222,550 | |
Rad CLO 2 Ltd. Series 2018-2A Class AR† | | 6.656% (3 mo. USD Term SOFR + 1.34% | )# | 10/15/2031 | | | 230,963 | | | | 231,450 | |
Romark CLO Ltd. Series 2017-1A Class A1R† | | 6.607% (3 mo. USD Term SOFR + 1.29% | )# | 10/23/2030 | | | 181,890 | | | | 182,289 | |
RR Ltd. Series 2022-24A Class A1AR† | | 7.077% (3 mo. USD Term SOFR + 1.73% | )# | 1/15/2036 | | | 360,000 | | | | 361,345 | |
SCF Equipment Leasing LLC Series 2021-1A Class A3† | | 0.83% | | 8/21/2028 | | | 77,754 | | | | 76,966 | |
SCF Equipment Leasing LLC Series 2022-1A Class A3† | | 2.92% | | 7/20/2029 | | | 277,569 | | | | 272,804 | |
TCI-Flatiron CLO Ltd. Series 2018-1A Class ANR† | | 6.641% (3 mo. USD Term SOFR + 1.32% | )# | 1/29/2032 | | | 250,000 | | | | 250,449 | |
Upstart Securitization Trust Series 2021-5 Class A† | | 1.31% | | 11/20/2031 | | | 3,140 | | | | 3,131 | |
Valley Stream Park CLO Ltd. Series 2022-1A Class AR† | | 6.948% (3 mo. USD Term SOFR + 1.63% | )# | 10/20/2034 | | | 300,000 | | | | 301,178 | |
Verizon Master Trust Series 2024-2 Class A† | | 4.83% | | 12/22/2031 | | | 225,000 | | | | 225,311 | |
Total | | | | | | | | | | | 16,123,738 | |
| | | | | | | | | | | | |
Rec Vehicle Loan 0.12% | | | | | | | | | | | | |
Octane Receivables Trust Series 2021-1A Class A† | | 0.93% | | 3/22/2027 | | | 7,370 | | | | 7,289 | |
Octane Receivables Trust Series 2022-1A Class A2† | | 4.18% | | 3/20/2028 | | | 62,933 | | | | 62,433 | |
Octane Receivables Trust Series 2022-2A Class A† | | 5.11% | | 2/22/2028 | | | 75,461 | | | | 75,145 | |
Total | | | | | | | | | | | 144,867 | |
| | | | | | | | | | | | |
Student Loan 0.33% | | | | | | | | | | | | |
Navient Private Education Refi Loan Trust Series 2020-FA Class A† | | 1.22% | | 7/15/2069 | | | 61,490 | | | | 55,728 | |
Navient Private Education Refi Loan Trust Series 2021-CA Class A† | | 1.06% | | 10/15/2069 | | | 167,584 | | | | 147,415 | |
Navient Private Education Refi Loan Trust Series 2022-A Class A† | | 2.23% | | 7/15/2070 | | | 164,645 | | | | 145,484 | |
Nelnet Student Loan Trust Series 2021-A Class APT1† | | 1.36% | | 4/20/2062 | | | 60,206 | | | | 54,474 | |
Towd Point Asset Trust Series 2018-SL1 Class A† | | 6.044% (1 mo. USD Term SOFR + 0.71% | )# | 1/25/2046 | | | 884 | | | | 884 | |
Total | | | | | | | | | | | 403,985 | |
Total Asset-Backed Securities (cost $29,372,075) | | | | | | | | | | | 29,284,788 | |
78 | See Notes to Schedule of Investments. | |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – SHORT DURATION INCOME PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
CORPORATE BONDS 63.93% | | | | | | | | | | | | |
| | | | | | | | | | | | |
Aerospace/Defense 0.72% | | | | | | | | | | | | |
BAE Systems PLC (United Kingdom)†(b) | | 5.00% | | 3/26/2027 | | $ | 200,000 | | | $ | 199,651 | |
Boeing Co. | | 2.196% | | 2/4/2026 | | | 158,000 | | | | 147,987 | |
Boeing Co. | | 4.875% | | 5/1/2025 | | | 62,000 | | | | 61,321 | |
HEICO Corp. | | 5.25% | | 8/1/2028 | | | 60,000 | | | | 60,392 | |
Hexcel Corp. | | 4.95% | | 8/15/2025 | | | 135,000 | | | | 132,752 | |
L3Harris Technologies, Inc. | | 5.40% | | 1/15/2027 | | | 124,000 | | | | 124,937 | |
RTX Corp. | | 5.75% | | 11/8/2026 | | | 71,000 | | | | 72,111 | |
RTX Corp. | | 5.75% | | 1/15/2029 | | | 76,000 | | | | 78,691 | |
Total | | | | | | | | | | | 877,842 | |
| | | | | | | | | | | | |
Agriculture 1.40% | | | | | | | | | | | | |
BAT Capital Corp. | | 2.789% | | 9/6/2024 | | | 54,000 | | | | 53,324 | |
BAT Capital Corp. | | 3.222% | | 8/15/2024 | | | 385,000 | | | | 381,259 | |
BAT International Finance PLC (United Kingdom)(b) | | 5.931% | | 2/2/2029 | | | 109,000 | | | | 111,948 | |
Imperial Brands Finance PLC (United Kingdom)†(b) | | 6.125% | | 7/27/2027 | | | 400,000 | | | | 408,239 | |
Philip Morris International, Inc. | | 4.75% | | 2/12/2027 | | | 18,000 | | | | 17,907 | |
Philip Morris International, Inc. | | 4.875% | | 2/13/2029 | | | 135,000 | | | | 134,232 | |
Philip Morris International, Inc. | | 5.125% | | 11/17/2027 | | | 151,000 | | | | 151,841 | |
Reynolds American, Inc. | | 4.45% | | 6/12/2025 | | | 76,000 | | | | 75,006 | |
Viterra Finance BV (Netherlands)†(b) | | 2.00% | | 4/21/2026 | | | 411,000 | | | | 381,852 | |
Total | | | | | | | | | | | 1,715,608 | |
| | | | | | | | | | | | |
Airlines 0.21% | | | | | | | | | | | | |
British Airways Pass-Through Trust Series 2013-1 Class A (United Kingdom)†(b) | | 4.625% | | 12/20/2025 | | | 7,427 | | | | 7,410 | |
Mileage Plus Holdings LLC/Mileage Plus Intellectual Property Assets Ltd.† | | 6.50% | | 6/20/2027 | | | 115,344 | | | | 116,071 | |
United Airlines Pass-Through Trust Series 2020-1 Class A | | 5.875% | | 4/15/2029 | | | 132,972 | | | | 132,669 | |
Total | | | | | | | | | | | 256,150 | |
| | | | | | | | | | | | |
Apparel 0.20% | | | | | | | | | | | | |
PVH Corp. | | 4.625% | | 7/10/2025 | | | 38,000 | | | | 37,444 | |
Tapestry, Inc. | | 7.05% | | 11/27/2025 | | | 168,000 | | | | 171,532 | |
Tapestry, Inc. | | 7.35% | | 11/27/2028 | | | 34,000 | | | | 35,846 | |
Total | | | | | | | | | | | 244,822 | |
| | | | | | | | | | | | |
Auto Manufacturers 3.46% | | | | | | | | | | | | |
Daimler Truck Finance North America LLC† | | 5.00% | | 1/15/2027 | | | 150,000 | | | | 149,620 | |
Ford Motor Credit Co. LLC | | 2.30% | | 2/10/2025 | | | 200,000 | | | | 194,005 | |
Ford Motor Credit Co. LLC | | 3.375% | | 11/13/2025 | | | 400,000 | | | | 385,013 | |
Ford Motor Credit Co. LLC | | 4.134% | | 8/4/2025 | | | 200,000 | | | | 195,549 | |
| See Notes to Schedule of Investments. | 79 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – SHORT DURATION INCOME PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Auto Manufacturers (continued) | | | | | | | | | | | | |
Ford Motor Credit Co. LLC | | 5.125% | | 6/16/2025 | | $ | 200,000 | | | $ | 198,268 | |
Ford Motor Credit Co. LLC | | 5.80% | | 3/8/2029 | | | 237,000 | | | | 238,053 | |
General Motors Financial Co., Inc. | | 2.75% | | 6/20/2025 | | | 134,000 | | | | 129,541 | |
General Motors Financial Co., Inc. | | 2.90% | | 2/26/2025 | | | 54,000 | | | | 52,692 | |
General Motors Financial Co., Inc. | | 3.95% | | 4/13/2024 | | | 140,000 | | | | 139,883 | |
General Motors Financial Co., Inc. | | 4.35% | | 1/17/2027 | | | 62,000 | | | | 60,577 | |
General Motors Financial Co., Inc. | | 5.40% | | 4/6/2026 | | | 73,000 | | | | 73,050 | |
General Motors Financial Co., Inc. | | 5.40% | | 5/8/2027 | | | 103,000 | | | | 103,301 | |
Hyundai Capital America† | | 0.875% | | 6/14/2024 | | | 160,000 | | | | 158,368 | |
Hyundai Capital America† | | 1.00% | | 9/17/2024 | | | 47,000 | | | | 45,987 | |
Hyundai Capital America† | | 1.30% | | 1/8/2026 | | | 75,000 | | | | 69,751 | |
Hyundai Capital America† | | 1.50% | | 6/15/2026 | | | 91,000 | | | | 83,736 | |
Hyundai Capital America† | | 2.00% | | 6/15/2028 | | | 121,000 | | | | 106,295 | |
Hyundai Capital America† | | 5.25% | | 1/8/2027 | | | 117,000 | | | | 116,928 | |
Hyundai Capital America† | | 5.30% | | 1/8/2029 | | | 68,000 | | | | 68,120 | |
Hyundai Capital America† | | 5.50% | | 3/30/2026 | | | 112,000 | | | | 112,222 | |
Hyundai Capital America† | | 5.65% | | 6/26/2026 | | | 121,000 | | | | 121,426 | |
Hyundai Capital America† | | 5.95% | | 9/21/2026 | | | 130,000 | | | | 131,550 | |
Hyundai Capital America† | | 6.10% | | 9/21/2028 | | | 128,000 | | | | 131,933 | |
Hyundai Capital America† | | 6.25% | | 11/3/2025 | | | 166,000 | | | | 167,762 | |
Hyundai Capital America† | | 6.50% | | 1/16/2029 | | | 151,000 | | | | 158,496 | |
Nissan Motor Acceptance Co. LLC† | | 6.95% | | 9/15/2026 | | | 229,000 | | | | 235,335 | |
Volkswagen Group of America Finance LLC† | | 5.40% | | 3/20/2026 | | | 200,000 | | | | 200,136 | |
Volkswagen Group of America Finance LLC† | | 5.70% | | 9/12/2026 | | | 200,000 | | | | 202,061 | |
Volkswagen Group of America Finance LLC† | | 5.80% | | 9/12/2025 | | | 213,000 | | | | 214,018 | |
Total | | | | | | | | | | | 4,243,676 | |
| | | | | | | | | | | | |
Banks 21.47% | | | | | | | | | | | | |
ABN AMRO Bank NV (Netherlands)†(b) | | 6.339% (1 yr. CMT + 1.65% | )# | 9/18/2027 | | | 200,000 | | | | 203,510 | |
AIB Group PLC (Ireland)†(b) | | 4.263% (3 mo. USD LIBOR + 1.87% | )# | 4/10/2025 | | | 600,000 | | | | 599,671 | |
AIB Group PLC (Ireland)†(b) | | 6.608% (SOFR + 2.33% | )# | 9/13/2029 | | | 400,000 | | | | 417,182 | |
Australia & New Zealand Banking Group Ltd. (Australia)†(b) | | 4.40% | | 5/19/2026 | | | 200,000 | | | | 195,210 | |
Banco Bilbao Vizcaya Argentaria SA (Spain)(b) | | 5.381% | | 3/13/2029 | | | 200,000 | | | | 201,857 | |
Bank of America Corp. | | 1.197% (SOFR + 1.01% | )# | 10/24/2026 | | | 31,000 | | | | 29,024 | |
Bank of America Corp. | | 1.319% (SOFR + 1.15% | )# | 6/19/2026 | | | 237,000 | | | | 225,353 | |
80 | See Notes to Schedule of Investments. | |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – SHORT DURATION INCOME PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Banks (continued) | | | | | | | | | | | | |
Bank of America Corp. | | 1.53% (SOFR + 0.65% | )# | 12/6/2025 | | $ | 78,000 | | | $ | 75,820 | |
Bank of America Corp. | | 1.734% (SOFR + 0.96% | )# | 7/22/2027 | | | 74,000 | | | | 68,240 | |
Bank of America Corp. | | 3.384% (SOFR + 1.33% | )# | 4/2/2026 | | | 271,000 | | | | 265,132 | |
Bank of America Corp. | | 3.95% | | 4/21/2025 | | | 157,000 | | | | 154,526 | |
Bank of America Corp. | | 4.948% (SOFR + 2.04% | )# | 7/22/2028 | | | 168,000 | | | | 166,781 | |
Bank of Ireland Group PLC (Ireland)†(b) | | 2.029% (1 yr. CMT + 1.10% | )# | 9/30/2027 | | | 400,000 | | | | 366,076 | |
Bank of Ireland Group PLC (Ireland)†(b) | | 5.601% (SOFR + 1.62% | )# | 3/20/2030 | | | 200,000 | | | | 200,752 | |
Bank of Ireland Group PLC (Ireland)†(b) | | 6.253% (1 yr. CMT + 2.65% | )# | 9/16/2026 | | | 400,000 | | | | 402,633 | |
Bank of Montreal (Canada)(b) | | 5.266% | | 12/11/2026 | | | 231,000 | | | | 232,098 | |
Bank of New York Mellon Corp. | | 4.543% (SOFR + 1.17% | )# | 2/1/2029 | | | 51,000 | | | | 50,266 | |
Bank of New York Mellon Corp. | | 4.947% (SOFR + 1.03% | )# | 4/26/2027 | | | 70,000 | | | | 69,697 | |
Bank of Nova Scotia (Canada)(b) | | 5.35% | | 12/7/2026 | | | 194,000 | | | | 195,053 | |
Barclays PLC (United Kingdom)(b) | | 3.932% (3 mo. USD LIBOR + 1.61% | )# | 5/7/2025 | | | 307,000 | | | | 306,383 | |
Barclays PLC (United Kingdom)(b) | | 5.829% (SOFR + 2.21% | )# | 5/9/2027 | | | 200,000 | | | | 200,484 | |
Barclays PLC (United Kingdom)(b) | | 6.496% (SOFR + 1.88% | )# | 9/13/2027 | | | 200,000 | | | | 204,080 | |
Barclays PLC (United Kingdom)(b) | | 7.385% (1 yr. CMT + 3.30% | )# | 11/2/2028 | | | 200,000 | | | | 212,185 | |
BNP Paribas SA (France)†(b) | | 1.904% (SOFR + 1.61% | )# | 9/30/2028 | | | 200,000 | | | | 178,136 | |
BNP Paribas SA (France)†(b) | | 2.219% (SOFR + 2.07% | )# | 6/9/2026 | | | 229,000 | | | | 220,268 | |
BNP Paribas SA (France)†(b) | | 2.591% (SOFR + 1.23% | )# | 1/20/2028 | | | 414,000 | | | | 383,490 | |
BNP Paribas SA (France)†(b) | | 5.125% (1 yr. CMT + 1.45% | )# | 1/13/2029 | | | 200,000 | | | | 199,770 | |
BNP Paribas SA (France)†(b) | | 5.497% (SOFR + 1.59% | )# | 5/20/2030 | | | 200,000 | | | | 200,515 | |
BPCE SA (France)†(b) | | 4.50% | | 3/15/2025 | | | 200,000 | | | | 197,115 | |
BPCE SA (France)†(b) | | 4.875% | | 4/1/2026 | | | 200,000 | | | | 196,301 | |
BPCE SA (France)†(b) | | 5.203% | | 1/18/2027 | | | 250,000 | | | | 250,588 | |
| See Notes to Schedule of Investments. | 81 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – SHORT DURATION INCOME PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Banks (continued) | | | | | | | | | | | | |
BPCE SA (France)†(b) | | 5.975% (SOFR + 2.10% | )# | 1/18/2027 | | $ | 250,000 | | | $ | 250,770 | |
CaixaBank SA (Spain)†(b) | | 5.673% (SOFR + 1.78% | )# | 3/15/2030 | | | 200,000 | | | | 200,001 | |
Canadian Imperial Bank of Commerce (Canada)(b) | | 5.001% | | 4/28/2028 | | | 134,000 | | | | 133,598 | |
Citigroup, Inc. | | 3.106% (SOFR + 2.84% | )# | 4/8/2026 | | | 743,000 | | | | 724,384 | |
Citigroup, Inc. | | 3.352% (3 mo. USD Term SOFR + 1.16% | )# | 4/24/2025 | | | 233,000 | | | | 232,617 | |
Citigroup, Inc. | | 3.875% | | 3/26/2025 | | | 59,000 | | | | 58,009 | |
Citigroup, Inc. | | 5.174% (SOFR + 1.36% | )# | 2/13/2030 | | | 231,000 | | | | 229,990 | |
Citizens Bank NA | | 4.575% (SOFR + 2.00% | )# | 8/9/2028 | | | 250,000 | | | | 239,380 | |
Citizens Bank NA | | 6.064% (SOFR + 1.45% | )# | 10/24/2025 | | | 250,000 | | | | 249,035 | |
Citizens Financial Group, Inc. | | 5.841% (SOFR + 2.01% | )# | 1/23/2030 | | | 79,000 | | | | 78,925 | |
Credit Agricole SA (France)†(b) | | 4.375% | | 3/17/2025 | | | 435,000 | | | | 428,428 | |
Danske Bank AS (Denmark)†(b) | | 0.976% (1 yr. CMT + 0.55% | )# | 9/10/2025 | | | 200,000 | | | | 195,570 | |
Danske Bank AS (Denmark)†(b) | | 1.621% (1 yr. CMT + 1.35% | )# | 9/11/2026 | | | 200,000 | | | | 188,360 | |
Danske Bank AS (Denmark)†(b) | | 3.244% (3 mo. USD LIBOR + 1.59% | )# | 12/20/2025 | | | 400,000 | | | | 392,144 | |
Danske Bank AS (Denmark)†(b) | | 4.298% (1 yr. CMT + 1.75% | )# | 4/1/2028 | | | 600,000 | | | | 579,198 | |
Danske Bank AS (Denmark)†(b) | | 5.427% (1 yr. CMT + 0.95% | )# | 3/1/2028 | | | 200,000 | | | | 200,490 | |
Danske Bank AS (Denmark)†(b) | | 5.705% (1 yr. CMT + 1.40% | )# | 3/1/2030 | | | 200,000 | | | | 201,356 | |
Danske Bank AS (Denmark)†(b) | | 6.466% (1 yr. CMT + 2.10% | )# | 1/9/2026 | | | 400,000 | | | | 401,533 | |
Discover Bank | | 4.25% | | 3/13/2026 | | | 250,000 | | | | 243,671 | |
Federation des Caisses Desjardins du Quebec (Canada)†(b) | | 5.25% | | 4/26/2029 | | | 200,000 | | | | 199,604 | |
Federation des Caisses Desjardins du Quebec (Canada)†(b) | | 5.70% | | 3/14/2028 | | | 200,000 | | | | 203,162 | |
First-Citizens Bank & Trust Co. | | 2.969% (3 mo. USD Term SOFR + 1.72% | )# | 9/27/2025 | | | 250,000 | | | | 244,825 | |
Goldman Sachs Group, Inc. | | 1.948% (SOFR + 0.91% | )# | 10/21/2027 | | | 242,000 | | | | 222,511 | |
82 | See Notes to Schedule of Investments. | |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – SHORT DURATION INCOME PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Banks (continued) | | | | | | | | | | | | |
Goldman Sachs Group, Inc. | | 2.64% (SOFR + 1.11% | )# | 2/24/2028 | | $ | 75,000 | | | $ | 69,874 | |
Goldman Sachs Group, Inc. | | 4.223% (3 mo. USD Term SOFR + 1.56% | )# | 5/1/2029 | | | 152,000 | | | | 146,343 | |
Goldman Sachs Group, Inc. | | 5.798% (SOFR + 1.08% | )# | 8/10/2026 | | | 94,000 | | | | 94,329 | |
HSBC Holdings PLC (United Kingdom)(b) | | 0.976% (SOFR + 0.71% | )# | 5/24/2025 | | | 200,000 | | | | 198,469 | |
HSBC Holdings PLC (United Kingdom)(b) | | 2.999% (SOFR + 1.43% | )# | 3/10/2026 | | | 200,000 | | | | 194,873 | |
HSBC Holdings PLC (United Kingdom)(b) | | 5.887% (SOFR + 1.57% | )# | 8/14/2027 | | | 200,000 | | | | 201,793 | |
Huntington Bancshares, Inc. | | 4.443% (SOFR + 1.97% | )# | 8/4/2028 | | | 63,000 | | | | 60,821 | |
Huntington National Bank | | 4.008% (SOFR + 1.21% | )# | 5/16/2025 | | | 250,000 | | | | 249,069 | |
ING Groep NV (Netherlands)(b) | | 6.083% (SOFR + 1.56% | )# | 9/11/2027 | | | 252,000 | | | | 255,201 | |
Intesa Sanpaolo SpA (Italy)†(b) | | 3.25% | | 9/23/2024 | | | 200,000 | | | | 197,626 | |
Intesa Sanpaolo SpA (Italy)†(b) | | 5.017% | | 6/26/2024 | | | 1,000,000 | | | | 996,786 | |
JPMorgan Chase & Co. | | 0.768% (SOFR + 0.49% | )# | 8/9/2025 | | | 148,000 | | | | 145,218 | |
JPMorgan Chase & Co. | | 0.824% (3 mo. USD Term SOFR + 0.54% | )# | 6/1/2025 | | | 172,000 | | | | 170,517 | |
JPMorgan Chase & Co. | | 3.782% (3 mo. USD Term SOFR + 1.60% | )# | 2/1/2028 | | | 64,000 | | | | 61,650 | |
JPMorgan Chase & Co. | | 4.851% (SOFR + 1.99% | )# | 7/25/2028 | | | 69,000 | | | | 68,441 | |
JPMorgan Chase & Co. | | 6.277% (SOFR + 0.92% | )# | 2/24/2026 | | | 115,000 | | | | 115,580 | |
JPMorgan Chase & Co. | | 6.538% (SOFR + 1.18% | )# | 2/24/2028 | | | 77,000 | | | | 77,911 | |
KeyBank NA | | 4.70% | | 1/26/2026 | | | 250,000 | | | | 244,294 | |
KeyBank NA | | 5.683% (SOFR + 0.32% | )# | 6/14/2024 | | | 250,000 | | | | 249,833 | |
Lloyds Banking Group PLC (United Kingdom)(b) | | 4.582% | | 12/10/2025 | | | 200,000 | | | | 196,193 | |
Lloyds Banking Group PLC (United Kingdom)(b) | | 5.462% (1 yr. CMT + 1.38% | )# | 1/5/2028 | | | 200,000 | | | | 200,109 | |
Lloyds Banking Group PLC (United Kingdom)(b) | | 5.985% (1 yr. CMT + 1.48% | )# | 8/7/2027 | | | 200,000 | | | | 201,946 | |
M&T Bank Corp. | | 4.553% (SOFR + 1.78% | )# | 8/16/2028 | | | 94,000 | | | | 89,792 | |
| See Notes to Schedule of Investments. | 83 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – SHORT DURATION INCOME PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Banks (continued) | | | | | | | | | | | | |
Macquarie Bank Ltd. (Australia)†(b) | | 5.391% | | 12/7/2026 | | $ | 104,000 | | | $ | 104,569 | |
Macquarie Group Ltd. (Australia)†(b) | | 1.201% (SOFR + 0.69% | )# | 10/14/2025 | | | 76,000 | | | | 74,113 | |
Macquarie Group Ltd. (Australia)†(b) | | 1.34% (SOFR + 1.07% | )# | 1/12/2027 | | | 65,000 | | | | 60,316 | |
Macquarie Group Ltd. (Australia)†(b) | | 3.763% (3 mo. USD LIBOR + 1.37% | )# | 11/28/2028 | | | 28,000 | | | | 26,336 | |
Macquarie Group Ltd. (Australia)†(b) | | 5.108% (SOFR + 2.21% | )# | 8/9/2026 | | | 180,000 | | | | 179,116 | |
Manufacturers & Traders Trust Co. | | 4.65% | | 1/27/2026 | | | 524,000 | | | | 512,877 | |
Mitsubishi UFJ Financial Group, Inc. (Japan)(b) | | 0.962% (1 yr. CMT + 0.45% | )# | 10/11/2025 | | | 200,000 | | | | 194,899 | |
Mitsubishi UFJ Financial Group, Inc. (Japan)(b) | | 4.788% (1 yr. CMT + 1.70% | )# | 7/18/2025 | | | 215,000 | | | | 214,264 | |
Mitsubishi UFJ Financial Group, Inc. (Japan)(b) | | 5.063% (1 yr. CMT + 1.55% | )# | 9/12/2025 | | | 200,000 | | | | 199,334 | |
Morgan Stanley | | 0.79% (SOFR + 0.53% | )# | 5/30/2025 | | | 276,000 | | | | 273,454 | |
Morgan Stanley | | 4.679% (SOFR + 1.67% | )# | 7/17/2026 | | | 30,000 | | | | 29,687 | |
Morgan Stanley | | 5.123% (SOFR + 1.73% | )# | 2/1/2029 | | | 76,000 | | | | 75,844 | |
Morgan Stanley | | 5.449% (SOFR + 1.63% | )# | 7/20/2029 | | | 106,000 | | | | 106,965 | |
Morgan Stanley | | 6.138% (SOFR + 1.77% | )# | 10/16/2026 | | | 59,000 | | | | 59,695 | |
NatWest Group PLC (United Kingdom)(b) | | 5.583% (1 yr. CMT + 1.10% | )# | 3/1/2028 | | | 200,000 | | | | 201,075 | |
NatWest Group PLC (United Kingdom)(b) | | 5.808% (1 yr. CMT + 1.95% | )# | 9/13/2029 | | | 400,000 | | | | 406,365 | |
NatWest Group PLC (United Kingdom)(b) | | 5.847% (1 yr. CMT + 1.35% | )# | 3/2/2027 | | | 200,000 | | | | 201,031 | |
PNC Financial Services Group, Inc. | | 6.615% (SOFR + 1.73% | )# | 10/20/2027 | | | 80,000 | | | | 82,386 | |
Royal Bank of Canada (Canada)(b) | | 6.00% | | 11/1/2027 | | | 80,000 | | | | 82,718 | |
Santander Holdings USA, Inc. | | 2.49% (SOFR + 1.25% | )# | 1/6/2028 | | | 68,000 | | | | 61,825 | |
Santander Holdings USA, Inc. | | 5.807% (SOFR + 2.33% | )# | 9/9/2026 | | | 40,000 | | | | 40,035 | |
Santander U.K. Group Holdings PLC (United Kingdom)(b) | | 2.469% (SOFR + 1.22% | )# | 1/11/2028 | | | 200,000 | | | | 183,871 | |
Santander U.K. Group Holdings PLC (United Kingdom)†(b) | | 4.75% | | 9/15/2025 | | | 200,000 | | | | 196,390 | |
84 | See Notes to Schedule of Investments. | |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – SHORT DURATION INCOME PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Banks (continued) | | | | | | | | | | | | |
Santander U.K. Group Holdings PLC (United Kingdom)(b) | | 6.534% (SOFR + 2.60% | )# | 1/10/2029 | | $ | 200,000 | | | $ | 206,857 | |
Societe Generale SA (France)†(b) | | 2.226% (1 yr. CMT + 1.05% | )# | 1/21/2026 | | | 200,000 | | | | 193,929 | |
Standard Chartered PLC (United Kingdom)†(b) | | 6.187% (1 yr. CMT + 1.85% | )# | 7/6/2027 | | | 200,000 | | | | 202,075 | |
Sumitomo Mitsui Financial Group, Inc. (Japan)(b) | | 5.80% | | 7/13/2028 | | | 200,000 | | | | 206,135 | |
Swedbank AB (Sweden)†(b) | | 6.136% | | 9/12/2026 | | | 200,000 | | | | 203,660 | |
Toronto-Dominion Bank (Canada)(b) | | 4.693% | | 9/15/2027 | | | 98,000 | | | | 97,111 | |
Toronto-Dominion Bank (Canada)(b) | | 5.532% | | 7/17/2026 | | | 6,000 | | | | 6,055 | |
Truist Financial Corp. | | 1.267% (SOFR + 0.61% | )# | 3/2/2027 | | | 90,000 | | | | 83,224 | |
Truist Financial Corp. | | 4.873% (SOFR + 1.44% | )# | 1/26/2029 | | | 55,000 | | | | 54,114 | |
Truist Financial Corp. | | 5.435% (SOFR + 1.62% | )# | 1/24/2030 | | | 69,000 | | | | 68,939 | |
Truist Financial Corp. | | 6.047% (SOFR + 2.05% | )# | 6/8/2027 | | | 71,000 | | | | 71,976 | |
U.S. Bancorp | | 4.548% (SOFR + 1.66% | )# | 7/22/2028 | | | 117,000 | | | | 114,721 | |
U.S. Bancorp | | 4.653% (SOFR + 1.23% | )# | 2/1/2029 | | | 112,000 | | | | 109,822 | |
U.S. Bancorp | | 5.384% (SOFR + 1.56% | )# | 1/23/2030 | | | 53,000 | | | | 53,248 | |
U.S. Bancorp | | 5.775% (SOFR + 2.02% | )# | 6/12/2029 | | | 123,000 | | | | 125,182 | |
U.S. Bancorp | | 6.787% (SOFR + 1.88% | )# | 10/26/2027 | | | 180,000 | | | | 186,443 | |
UBS AG (Switzerland)(b) | | 5.125% | | 5/15/2024 | | | 600,000 | | | | 598,802 | |
UBS Group AG (Switzerland)†(b) | | 1.305% (SOFR + 0.98% | )# | 2/2/2027 | | | 250,000 | | | | 231,407 | |
UBS Group AG (Switzerland)†(b) | | 1.494% (1 yr. CMT + 0.85% | )# | 8/10/2027 | | | 200,000 | | | | 181,920 | |
UBS Group AG (Switzerland)†(b) | | 2.193% (SOFR + 2.04% | )# | 6/5/2026 | | | 250,000 | | | | 239,772 | |
UBS Group AG (Switzerland)†(b) | | 4.488% (1 yr. CMT + 1.55% | )# | 5/12/2026 | | | 400,000 | | | | 394,424 | |
UBS Group AG (Switzerland)†(b) | | 5.428% (1 yr. CMT + 1.52% | )# | 2/8/2030 | | | 200,000 | | | | 200,360 | |
UBS Group AG (Switzerland)†(b) | | 5.711% (1 yr. CMT + 1.55% | )# | 1/12/2027 | | | 600,000 | | | | 602,067 | |
Wells Fargo & Co. | | 2.188% (SOFR + 2.00% | )# | 4/30/2026 | | | 84,000 | | | | 80,915 | |
| See Notes to Schedule of Investments. | 85 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – SHORT DURATION INCOME PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Banks (continued) | | | | | | | | | | | | |
Wells Fargo & Co. | | 4.54% (SOFR + 1.56% | )# | 8/15/2026 | | $ | 161,000 | | | $ | 158,988 | |
Wells Fargo & Co. | | 4.808% (SOFR + 1.98% | )# | 7/25/2028 | | | 169,000 | | | | 166,570 | |
Wells Fargo & Co. | | 5.198% (SOFR + 1.50% | )# | 1/23/2030 | | | 177,000 | | | | 176,678 | |
Wells Fargo & Co. | | 5.574% (SOFR + 1.74% | )# | 7/25/2029 | | | 195,000 | | | | 197,371 | |
Wells Fargo & Co. | | 6.303% (SOFR + 1.79% | )# | 10/23/2029 | | | 99,000 | | | | 103,145 | |
Total | | | | | | | | | | | 26,335,500 | |
| | | | | | | | | | | | |
Beverages 0.11% | | | | | | | | | | | | |
Bacardi Ltd./Bacardi-Martini BV† | | 5.25% | | 1/15/2029 | | | 140,000 | | | | 138,718 | |
| | | | | | | | | | | | |
Biotechnology 0.26% | | | | | | | | | | | | |
Amgen, Inc. | | 5.15% | | 3/2/2028 | | | 81,000 | | | | 81,558 | |
Illumina, Inc. | | 5.75% | | 12/13/2027 | | | 154,000 | | | | 155,866 | |
Illumina, Inc. | | 5.80% | | 12/12/2025 | | | 84,000 | | | | 84,175 | |
Total | | | | | | | | | | | 321,599 | |
| | | | | | | | | | | | |
Building Materials 0.05% | | | | | | | | | | | | |
Carrier Global Corp. | | 5.80% | | 11/30/2025 | | | 62,000 | | | | 62,435 | |
| | | | | | | | | | | | |
Chemicals 0.45% | | | | | | | | | | | | |
Celanese U.S. Holdings LLC | | 6.165% | | 7/15/2027 | | | 354,000 | | | | 360,708 | |
International Flavors & Fragrances, Inc.† | | 1.23% | | 10/1/2025 | | | 200,000 | | | | 187,266 | |
Total | | | | | | | | | | | 547,974 | |
| | | | | | | | | | | | |
Coal 0.39% | | | | | | | | | | | | |
Alliance Resource Operating Partners LP/Alliance Resource Finance Corp.† | | 7.50% | | 5/1/2025 | | | 275,000 | | | | 274,182 | |
Coronado Finance Pty. Ltd. (Australia)†(b) | | 10.75% | | 5/15/2026 | | | 200,000 | | | | 209,496 | |
Total | | | | | | | | | | | 483,678 | |
| | | | | | | | | | | | |
Commercial Services 0.57% | | | | | | | | | | | | |
Block, Inc. | | 2.75% | | 6/1/2026 | | | 21,000 | | | | 19,771 | |
Element Fleet Management Corp. (Canada)†(b) | | 5.643% | | 3/13/2027 | | | 85,000 | | | | 85,291 | |
Gartner, Inc.† | | 4.50% | | 7/1/2028 | | | 139,000 | | | | 132,574 | |
Global Payments, Inc. | | 2.65% | | 2/15/2025 | | | 36,000 | | | | 35,079 | |
Global Payments, Inc. | | 4.95% | | 8/15/2027 | | | 178,000 | | | | 176,679 | |
Triton Container International Ltd.† | | 1.15% | | 6/7/2024 | | | 211,000 | | | | 209,124 | |
Triton Container International Ltd.† | | 2.05% | | 4/15/2026 | | | 46,000 | | | | 42,404 | |
Total | | | | | | | | | | | 700,922 | |
86 | See Notes to Schedule of Investments. | |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – SHORT DURATION INCOME PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Computers 0.38% | | | | | | | | | | | | |
Booz Allen Hamilton, Inc.† | | 3.875% | | 9/1/2028 | | $ | 130,000 | | | $ | 121,916 | |
Dell International LLC/EMC Corp. | | 4.90% | | 10/1/2026 | | | 146,000 | | | | 145,141 | |
Dell International LLC/EMC Corp. | | 6.02% | | 6/15/2026 | | | 153,000 | | | | 155,030 | |
Hewlett Packard Enterprise Co. | | 5.90% | | 10/1/2024 | | | 48,000 | | | | 48,080 | |
Total | | | | | | | | | | | 470,167 | |
| | | | | | | | | | | | |
Diversified Financial Services 3.29% | | | | | | | | | | | | |
AerCap Ireland Capital DAC/AerCap Global Aviation Trust (Ireland)(b) | | 1.75% | | 10/29/2024 | | | 300,000 | | | | 292,930 | |
AerCap Ireland Capital DAC/AerCap Global Aviation Trust (Ireland)†(b) | | 6.45% | | 4/15/2027 | | | 156,000 | | | | 160,234 | |
AerCap Ireland Capital DAC/AerCap Global Aviation Trust (Ireland)(b) | | 6.50% | | 7/15/2025 | | | 198,000 | | | | 199,978 | |
Aircastle Ltd.† | | 5.25% | | 8/11/2025 | | | 113,000 | | | | 112,046 | |
Ally Financial, Inc. | | 3.875% | | 5/21/2024 | | | 232,000 | | | | 231,312 | |
Ally Financial, Inc. | | 5.75% | | 11/20/2025 | | | 103,000 | | | | 102,306 | |
American Express Co. | | 5.098% (SOFR + 1.00% | )# | 2/16/2028 | | | 70,000 | | | | 69,916 | |
American Express Co. | | 5.282% (SOFR + 1.28% | )# | 7/27/2029 | | | 223,000 | | | | 224,484 | |
American Express Co. | | 5.389% (SOFR + 0.97% | )# | 7/28/2027 | | | 36,000 | | | | 36,133 | |
Ameriprise Financial, Inc. | | 5.70% | | 12/15/2028 | | | 103,000 | | | | 106,306 | |
Aviation Capital Group LLC† | | 1.95% | | 1/30/2026 | | | 132,000 | | | | 123,273 | |
Aviation Capital Group LLC† | | 5.50% | | 12/15/2024 | | | 109,000 | | | | 108,609 | |
Aviation Capital Group LLC† | | 6.25% | | 4/15/2028 | | | 174,000 | | | | 177,722 | |
Avolon Holdings Funding Ltd. (Ireland)†(b) | | 2.125% | | 2/21/2026 | | | 249,000 | | | | 232,094 | |
Avolon Holdings Funding Ltd. (Ireland)†(b) | | 2.75% | | 2/21/2028 | | | 84,000 | | | | 75,203 | |
Avolon Holdings Funding Ltd. (Ireland)†(b) | | 3.25% | | 2/15/2027 | | | 68,000 | | | | 63,229 | |
Avolon Holdings Funding Ltd. (Ireland)†(b) | | 3.95% | | 7/1/2024 | | | 450,000 | | | | 447,430 | |
Avolon Holdings Funding Ltd. (Ireland)†(b) | | 4.25% | | 4/15/2026 | | | 116,000 | | | | 112,000 | |
Avolon Holdings Funding Ltd. (Ireland)†(b) | | 5.75% | | 3/1/2029 | | | 81,000 | | | | 80,664 | |
Avolon Holdings Funding Ltd. (Ireland)†(b) | | 6.375% | | 5/4/2028 | | | 33,000 | | | | 33,693 | |
Bread Financial Holdings, Inc.† | | 7.00% | | 1/15/2026 | | | 25,000 | | | | 25,186 | |
Capital One Financial Corp. | | 4.166% (SOFR + 1.37% | )# | 5/9/2025 | | | 96,000 | | | | 95,806 | |
LPL Holdings, Inc.† | | 4.00% | | 3/15/2029 | | | 169,000 | | | | 155,477 | |
LPL Holdings, Inc.† | | 4.625% | | 11/15/2027 | | | 189,000 | | | | 181,531 | |
LPL Holdings, Inc. | | 6.75% | | 11/17/2028 | | | 150,000 | | | | 157,171 | |
Navient Corp. | | 5.875% | | 10/25/2024 | | | 144,000 | | | | 143,968 | |
Navient Corp. | | 6.75% | | 6/25/2025 | | | 37,000 | | | | 37,308 | |
| See Notes to Schedule of Investments. | 87 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – SHORT DURATION INCOME PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Diversified Financial Services (continued) | | | | | | | | | | | | |
Nuveen Finance LLC† | | 4.125% | | 11/1/2024 | | $ | 148,000 | | | $ | 146,735 | |
Radian Group, Inc. | | 6.20% | | 5/15/2029 | | | 107,000 | | | | 108,662 | |
Total | | | | | | | | | | | 4,041,406 | |
| | | | | | | | | | | | |
Electric 6.32% | | | | | | | | | | | | |
AES Corp.† | | 3.30% | | 7/15/2025 | | | 433,000 | | | | 419,731 | |
AES Corp. | | 5.45% | | 6/1/2028 | | | 136,000 | | | | 135,795 | |
Alexander Funding Trust II† | | 7.467% | | 7/31/2028 | | | 200,000 | | | | 211,614 | |
Algonquin Power & Utilities Corp. (Canada)(b) | | 5.365% | (c) | 6/15/2026 | | | 96,000 | | | | 95,509 | |
Alliant Energy Finance LLC† | | 5.95% | | 3/30/2029 | | | 279,000 | | | | 287,581 | |
Ameren Corp. | | 5.00% | | 1/15/2029 | | | 127,000 | | | | 126,380 | |
American Electric Power Co., Inc. | | 5.20% | | 1/15/2029 | | | 168,000 | | | | 168,492 | |
Black Hills Corp. | | 5.95% | | 3/15/2028 | | | 105,000 | | | | 108,457 | |
Calpine Corp.† | | 5.25% | | 6/1/2026 | | | 14,000 | | | | 13,865 | |
CenterPoint Energy, Inc. | | 5.25% | | 8/10/2026 | | | 83,000 | | | | 83,214 | |
Cleco Corporate Holdings LLC | | 3.743% | | 5/1/2026 | | | 414,000 | | | | 398,265 | |
Constellation Energy Generation LLC | | 5.60% | | 3/1/2028 | | | 95,000 | | | | 96,804 | |
DTE Energy Co. | | 4.22% | (c) | 11/1/2024 | | | 207,000 | | | | 205,123 | |
DTE Energy Co. | | 4.875% | | 6/1/2028 | | | 145,000 | | | | 143,436 | |
DTE Energy Co. | | 5.10% | | 3/1/2029 | | | 140,000 | | | | 139,499 | |
Duke Energy Corp. | | 4.85% | | 1/5/2029 | | | 93,000 | | | | 92,171 | |
Electricite de France SA (France)†(b) | | 5.70% | | 5/23/2028 | | | 201,000 | | | | 203,999 | |
Evergy Missouri West, Inc.† | | 5.15% | | 12/15/2027 | | | 182,000 | | | | 182,191 | |
Eversource Energy | | 5.00% | | 1/1/2027 | | | 48,000 | | | | 47,888 | |
Eversource Energy | | 5.95% | | 2/1/2029 | | | 106,000 | | | | 109,427 | |
Fells Point Funding Trust† | | 3.046% | | 1/31/2027 | | | 355,000 | | | | 333,171 | |
FirstEnergy Pennsylvania Electric Co.† | | 5.15% | | 3/30/2026 | | | 65,000 | | | | 64,509 | |
FirstEnergy Transmission LLC† | | 4.35% | | 1/15/2025 | | | 247,000 | | | | 244,053 | |
ITC Holdings Corp.† | | 4.95% | | 9/22/2027 | | | 78,000 | | | | 77,537 | |
Liberty Utilities Co.† | | 5.577% | | 1/31/2029 | | | 80,000 | | | | 80,490 | |
National Grid PLC (United Kingdom)(b) | | 5.602% | | 6/12/2028 | | | 70,000 | | | | 71,340 | |
NextEra Energy Capital Holdings, Inc. | | 5.749% | | 9/1/2025 | | | 117,000 | | | | 117,541 | |
NextEra Energy Capital Holdings, Inc. | | 6.051% | | 3/1/2025 | | | 80,000 | | | | 80,330 | |
NextEra Energy Operating Partners LP† | | 3.875% | | 10/15/2026 | | | 309,000 | | | | 288,407 | |
NRG Energy, Inc.† | | 3.75% | | 6/15/2024 | | | 262,000 | | | | 260,627 | |
Oncor Electric Delivery Co. LLC | | 4.30% | | 5/15/2028 | | | 31,000 | | | | 30,345 | |
Pacific Gas & Electric Co. | | 3.15% | | 1/1/2026 | | | 258,645 | | | | 248,798 | |
Pacific Gas & Electric Co. | | 3.30% | | 12/1/2027 | | | 100,000 | | | | 92,954 | |
Pacific Gas & Electric Co. | | 5.45% | | 6/15/2027 | | | 48,000 | | | | 48,166 | |
Pacific Gas & Electric Co. | | 5.55% | | 5/15/2029 | | | 84,000 | | | | 84,761 | |
88 | See Notes to Schedule of Investments. | |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – SHORT DURATION INCOME PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Electric (continued) | | | | | | | | | | | | |
PacifiCorp | | 5.10% | | 2/15/2029 | | $ | 57,000 | | | $ | 57,454 | |
Public Service Enterprise Group, Inc. | | 5.85% | | 11/15/2027 | | | 93,000 | | | | 95,291 | |
Southern Co. | | 4.475% | (c) | 8/1/2024 | | | 820,000 | | | | 816,004 | |
Southern Co. | | 5.113% | | 8/1/2027 | | | 177,000 | | | | 177,165 | |
System Energy Resources, Inc. | | 6.00% | | 4/15/2028 | | | 639,000 | | | | 652,228 | |
Vistra Operations Co. LLC† | | 3.55% | | 7/15/2024 | | | 350,000 | | | | 347,516 | |
Vistra Operations Co. LLC† | | 4.875% | | 5/13/2024 | | | 123,000 | | | | 122,921 | |
WEC Energy Group, Inc. | | 5.60% | | 9/12/2026 | | | 95,000 | | | | 96,120 | |
Total | | | | | | | | | | | 7,757,169 | |
| | | | | | | | | | | | |
Electronics 0.09% | | | | | | | | | | | | |
Arrow Electronics, Inc. | | 6.125% | | 3/1/2026 | | | 58,000 | | | | 57,983 | |
Keysight Technologies, Inc. | | 4.60% | | 4/6/2027 | | | 55,000 | | | | 54,155 | |
Total | | | | | | | | | | | 112,138 | |
| | | | | | | | | | | | |
Energy-Alternate Sources 0.16% | | | | | | | | | | | | |
Greenko Dutch BV (Netherlands)†(b) | | 3.85% | | 3/29/2026 | | | 203,500 | | | | 191,677 | |
| | | | | | | | | | | | |
Engineering & Construction 0.20% | | | | | | | | | | | | |
Jacobs Engineering Group, Inc. | | 6.35% | | 8/18/2028 | | | 240,000 | | | | 248,189 | |
| | | | | | | | | | | | |
Entertainment 0.31% | | | | | | | | | | | | |
SeaWorld Parks & Entertainment, Inc.† | | 8.75% | | 5/1/2025 | | | 130,000 | | | | 130,203 | |
Warnermedia Holdings, Inc. | | 3.638% | | 3/15/2025 | | | 115,000 | | | | 112,734 | |
Warnermedia Holdings, Inc. | | 3.755% | | 3/15/2027 | | | 65,000 | | | | 62,049 | |
Warnermedia Holdings, Inc. | | 3.788% | | 3/15/2025 | | | 82,000 | | | | 80,497 | |
Total | | | | | | | | | | | 385,483 | |
| | | | | | | | | | | | |
Environmental Control 0.25% | | | | | | | | | | | | |
Veralto Corp.† | | 5.35% | | 9/18/2028 | | | 140,000 | | | | 141,898 | |
Veralto Corp.† | | 5.50% | | 9/18/2026 | | | 161,000 | | | | 161,687 | |
Total | | | | | | | | | | | 303,585 | |
| | | | | | | | | | | | |
Equity Real Estate 0.06% | | | | | | | | | | | | |
Jones Lang LaSalle, Inc. | | 6.875% | | 12/1/2028 | | | 73,000 | | | | 77,363 | |
| | | | | | | | | | | | |
Food 0.54% | | | | | | | | | | | | |
Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC† | | 3.25% | | 3/15/2026 | | | 143,000 | | | | 136,492 | |
Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC† | | 4.625% | | 1/15/2027 | | | 262,000 | | | | 253,743 | |
Campbell Soup Co. | | 5.20% | | 3/19/2027 | | | 46,000 | | | | 46,126 | |
Campbell Soup Co. | | 5.20% | | 3/21/2029 | | | 36,000 | | | | 36,186 | |
| See Notes to Schedule of Investments. | 89 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – SHORT DURATION INCOME PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Food (continued) | | | | | | | | | | | | |
Campbell Soup Co. | | 5.30% | | 3/20/2026 | | $ | 46,000 | | | $ | 46,054 | |
Conagra Brands, Inc. | | 5.30% | | 10/1/2026 | | | 104,000 | | | | 104,267 | |
Tyson Foods, Inc. | | 5.40% | | 3/15/2029 | | | 36,000 | | | | 36,335 | |
Total | | | | | | | | | | | 659,203 | |
| | | | | | | | | | | | |
Gas 0.61% | | | | | | | | | | | | |
Brooklyn Union Gas Co.† | | 4.632% | | 8/5/2027 | | | 254,000 | | | | 246,748 | |
National Fuel Gas Co. | | 5.50% | | 1/15/2026 | | | 211,000 | | | | 210,803 | |
National Fuel Gas Co. | | 5.50% | | 10/1/2026 | | | 80,000 | | | | 80,051 | |
NiSource, Inc. | | 5.25% | | 3/30/2028 | | | 36,000 | | | | 36,265 | |
Southwest Gas Corp. | | 5.45% | | 3/23/2028 | | | 80,000 | | | | 81,238 | |
Southwest Gas Corp. | | 5.80% | | 12/1/2027 | | | 89,000 | | | | 91,130 | |
Total | | | | | | | | | | | 746,235 | |
| | | | | | | | | | | | |
Hand/Machine Tools 0.38% | | | | | | | | | | | | |
Regal Rexnord Corp.† | | 6.05% | | 2/15/2026 | | | 187,000 | | | | 188,064 | |
Regal Rexnord Corp.† | | 6.05% | | 4/15/2028 | | | 273,000 | | | | 276,977 | |
Total | | | | | | | | | | | 465,041 | |
| | | | | | | | | | | | |
Health Care-Products 0.44% | | | | | | | | | | | | |
Baxter International, Inc. | | 1.322% | | 11/29/2024 | | | 71,000 | | | | 68,982 | |
Solventum Corp.† | | 5.40% | | 3/1/2029 | | | 235,000 | | | | 235,538 | |
Solventum Corp.† | | 5.45% | | 2/25/2027 | | | 143,000 | | | | 143,529 | |
Zimmer Biomet Holdings, Inc. | | 5.35% | | 12/1/2028 | | | 91,000 | | | | 92,357 | |
Total | | | | | | | | | | | 540,406 | |
| | | | | | | | | | | | |
Health Care-Services 0.99% | | | | | | | | | | | | |
Centene Corp. | | 2.45% | | 7/15/2028 | | | 130,000 | | | | 115,412 | |
Centene Corp. | | 4.25% | | 12/15/2027 | | | 687,000 | | | | 655,556 | |
HCA, Inc. | | 5.25% | | 4/15/2025 | | | 237,000 | | | | 236,066 | |
HCA, Inc. | | 5.25% | | 6/15/2026 | | | 18,000 | | | | 17,953 | |
HCA, Inc. | | 5.375% | | 2/1/2025 | | | 52,000 | | | | 51,862 | |
Humana, Inc. | | 5.70% | | 3/13/2026 | | | 78,000 | | | | 77,930 | |
IQVIA, Inc. | | 6.25% | | 2/1/2029 | | | 63,000 | | | | 65,466 | |
Total | | | | | | | | | | | 1,220,245 | |
| | | | | | | | | | | | |
Home Builders 0.04% | | | | | | | | | | | | |
Toll Brothers Finance Corp. | | 4.875% | | 11/15/2025 | | | 45,000 | | | | 44,517 | |
| | | | | | | | | | | | |
Home Furnishings 0.04% | | | | | | | | | | | | |
Leggett & Platt, Inc. | | 3.50% | | 11/15/2027 | | | 54,000 | | | | 50,567 | |
90 | See Notes to Schedule of Investments. | |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – SHORT DURATION INCOME PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Insurance 3.38% | | | | | | | | | | | | |
Aon Corp. | | 8.205% | | 1/1/2027 | | $ | 100,000 | | | $ | 107,869 | |
Aon North America, Inc. | | 5.125% | | 3/1/2027 | | | 60,000 | | | | 60,380 | |
Aon North America, Inc. | | 5.15% | | 3/1/2029 | | | 167,000 | | | | 168,039 | |
Athene Global Funding† | | 5.339% | | 1/15/2027 | | | 125,000 | | | | 124,516 | |
Athene Global Funding† | | 5.516% | | 3/25/2027 | | | 138,000 | | | | 138,198 | |
Athene Global Funding† | | 5.583% | | 1/9/2029 | | | 117,000 | | | | 117,844 | |
Athene Global Funding† | | 5.684% | | 2/23/2026 | | | 99,000 | | | | 99,418 | |
Brighthouse Financial Global Funding† | | 1.55% | | 5/24/2026 | | | 256,217 | | | | 234,634 | |
CNO Financial Group, Inc. | | 5.25% | | 5/30/2025 | | | 119,000 | | | | 118,404 | |
CNO Global Funding† | | 1.75% | | 10/7/2026 | | | 150,000 | | | | 136,820 | |
Corebridge Global Funding† | | 5.20% | | 1/12/2029 | | | 70,000 | | | | 70,126 | |
Corebridge Global Funding† | | 5.75% | | 7/2/2026 | | | 51,000 | | | | 51,080 | |
Equitable Financial Life Global Funding† | | 1.40% | | 7/7/2025 | | | 143,000 | | | | 135,650 | |
Equitable Financial Life Global Funding† | | 5.45% | | 3/3/2028 | | | 138,000 | | | | 137,810 | |
F&G Annuities & Life, Inc. | | 7.40% | | 1/13/2028 | | | 155,000 | | | | 161,129 | |
F&G Global Funding† | | 0.90% | | 9/20/2024 | | | 59,000 | | | | 57,580 | |
F&G Global Funding† | | 1.75% | | 6/30/2026 | | | 332,000 | | | | 301,213 | |
F&G Global Funding† | | 2.30% | | 4/11/2027 | | | 114,000 | | | | 102,469 | |
F&G Global Funding† | | 5.15% | | 7/7/2025 | | | 307,000 | | | | 302,443 | |
GA Global Funding Trust† | | 0.80% | | 9/13/2024 | | | 300,000 | | | | 293,564 | |
GA Global Funding Trust† | | 3.85% | | 4/11/2025 | | | 372,000 | | | | 365,143 | |
GA Global Funding Trust† | | 5.50% | | 1/8/2029 | | | 163,000 | | | | 163,734 | |
Jackson Financial, Inc. | | 5.17% | | 6/8/2027 | | | 46,000 | | | | 45,963 | |
Jackson National Life Global Funding† | | 1.75% | | 1/12/2025 | | | 150,000 | | | | 145,519 | |
Jackson National Life Global Funding† | | 5.50% | | 1/9/2026 | | | 150,000 | | | | 149,431 | |
Jackson National Life Global Funding† | | 6.516% (SOFR + 1.15% | )# | 6/28/2024 | | | 245,000 | | | | 245,464 | |
MGIC Investment Corp. | | 5.25% | | 8/15/2028 | | | 59,000 | | | | 57,370 | |
Mutual of Omaha Cos Global Funding† | | 5.80% | | 7/27/2026 | | | 50,000 | | | | 50,481 | |
Total | | | | | | | | | | | 4,142,291 | |
| | | | | | | | | | | | |
Leisure Time 0.25% | | | | | | | | | | | | |
NCL Corp. Ltd.† | | 3.625% | | 12/15/2024 | | | 212,000 | | | | 209,014 | |
Royal Caribbean Cruises Ltd.† | | 8.25% | | 1/15/2029 | | | 88,000 | | | | 93,215 | |
Total | | | | | | | | | | | 302,229 | |
| | | | | | | | | | | | |
Lodging 0.28% | | | | | | | | | | | | |
Hyatt Hotels Corp. | | 1.80% | | 10/1/2024 | | | 57,000 | | | | 55,809 | |
Hyatt Hotels Corp. | | 5.75% | | 1/30/2027 | | | 81,000 | | | | 82,288 | |
Las Vegas Sands Corp. | | 3.50% | | 8/18/2026 | | | 212,000 | | | | 200,808 | |
Total | | | | | | | | | | | 338,905 | |
| See Notes to Schedule of Investments. | 91 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – SHORT DURATION INCOME PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Machinery: Construction & Mining 0.47% | | | | | | | | | | | | |
Weir Group PLC (United Kingdom)†(b) | | 2.20% | | 5/13/2026 | | $ | 616,000 | | | $ | 571,974 | |
| | | | | | | | | | | | |
Machinery-Diversified 0.02% | | | | | | | | | | | | |
AGCO Corp. | | 5.45% | | 3/21/2027 | | | 28,000 | | | | 28,137 | |
| | | | | | | | | | | | |
Media 0.27% | | | | | | | | | | | | |
AMC Networks, Inc. | | 4.75% | | 8/1/2025 | | | 35,000 | | | | 34,978 | |
Charter Communications Operating LLC/Charter Communications Operating Capital | | 6.15% | | 11/10/2026 | | | 123,000 | | | | 123,993 | |
FactSet Research Systems, Inc. | | 2.90% | | 3/1/2027 | | | 52,000 | | | | 48,914 | |
Nexstar Media, Inc.† | | 5.625% | | 7/15/2027 | | | 131,000 | | | | 125,761 | |
Total | | | | | | | | | | | 333,646 | |
| | | | | | | | | | | | |
Mining 1.52% | | | | | | | | | | | | |
Anglo American Capital PLC (United Kingdom)†(b) | | 3.625% | | 9/11/2024 | | | 200,000 | | | | 197,733 | |
Anglo American Capital PLC (United Kingdom)†(b) | | 4.50% | | 3/15/2028 | | | 200,000 | | | | 193,898 | |
Anglo American Capital PLC (United Kingdom)†(b) | | 4.75% | | 4/10/2027 | | | 200,000 | | | | 196,060 | |
Freeport Indonesia PT (Indonesia)†(b) | | 4.763% | | 4/14/2027 | | | 200,000 | | | | 195,777 | |
Freeport-McMoRan, Inc. | | 4.55% | | 11/14/2024 | | | 226,000 | | | | 224,427 | |
Glencore Funding LLC† | | 1.625% | | 4/27/2026 | | | 26,000 | | | | 24,117 | |
Glencore Funding LLC† | | 3.875% | | 10/27/2027 | | | 34,000 | | | | 32,637 | |
Glencore Funding LLC† | | 4.00% | | 3/27/2027 | | | 407,000 | | | | 393,604 | |
Glencore Funding LLC†(a) | | 5.338% | | 4/4/2027 | | | 163,000 | | | | 162,968 | |
Glencore Funding LLC†(a) | | 5.371% | | 4/4/2029 | | | 162,000 | | | | 162,378 | |
Glencore Funding LLC† | | 6.125% | | 10/6/2028 | | | 85,000 | | | | 87,889 | |
Total | | | | | | | | | | | 1,871,488 | |
| | | | | | | | | | | | |
Miscellaneous Manufacturing 0.16% | | | | | | | | | | | | |
Parker-Hannifin Corp. | | 3.65% | | 6/15/2024 | | | 53,000 | | | | 52,772 | |
Trinity Industries, Inc. | | 4.55% | | 10/1/2024 | | | 141,000 | | | | 139,720 | |
Total | | | | | | | | | | | 192,492 | |
| | | | | | | | | | | | |
Oil & Gas 6.07% | | | | | | | | | | | | |
Apache Corp. | | 4.375% | | 10/15/2028 | | | 370,000 | | | | 350,741 | |
California Resources Corp.† | | 7.125% | | 2/1/2026 | | | 179,000 | | | | 180,184 | |
Canadian Natural Resources Ltd. (Canada)(b) | | 3.85% | | 6/1/2027 | | | 79,000 | | | | 76,211 | |
Chesapeake Energy Corp.† | | 5.50% | | 2/1/2026 | | | 159,000 | | | | 158,088 | |
Chord Energy Corp.† | | 6.375% | | 6/1/2026 | | | 116,000 | | | | 116,570 | |
Civitas Resources, Inc.† | | 5.00% | | 10/15/2026 | | | 200,000 | | | | 195,687 | |
Continental Resources, Inc.† | | 2.268% | | 11/15/2026 | | | 661,000 | | | | 608,670 | |
Continental Resources, Inc. | | 3.80% | | 6/1/2024 | | | 241,000 | | | | 240,046 | |
Continental Resources, Inc. | | 4.375% | | 1/15/2028 | | | 209,000 | | | | 202,045 | |
92 | See Notes to Schedule of Investments. | |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – SHORT DURATION INCOME PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Oil & Gas (continued) | | | | | | | | | | | | |
CrownRock LP/CrownRock Finance, Inc.† | | 5.625% | | 10/15/2025 | | $ | 99,000 | | | $ | 98,827 | |
Devon Energy Corp. | | 5.25% | | 10/15/2027 | | | 225,000 | | | | 225,327 | |
Ecopetrol SA (Colombia)(b) | | 5.375% | | 6/26/2026 | | | 122,000 | | | | 120,046 | |
Endeavor Energy Resources LP/EER Finance, Inc.† | | 5.75% | | 1/30/2028 | | | 120,000 | | | | 121,048 | |
EQT Corp.† | | 3.125% | | 5/15/2026 | | | 243,000 | | | | 230,925 | |
EQT Corp. | | 5.70% | | 4/1/2028 | | | 82,000 | | | | 82,833 | |
EQT Corp. | | 6.125% | | 2/1/2025 | | | 133,000 | | | | 133,248 | |
HF Sinclair Corp.† | | 5.00% | | 2/1/2028 | | | 201,000 | | | | 195,371 | |
Magnolia Oil & Gas Operating LLC/Magnolia Oil & Gas Finance Corp.† | | 6.00% | | 8/1/2026 | | | 222,000 | | | | 218,535 | |
Marathon Oil Corp. | | 5.30% | | 4/1/2029 | | | 117,000 | | | | 116,825 | |
Matador Resources Co. | | 5.875% | | 9/15/2026 | | | 282,000 | | | | 282,206 | |
MEG Energy Corp. (Canada)†(b) | | 7.125% | | 2/1/2027 | | | 182,000 | | | | 184,830 | |
Neptune Energy Bondco PLC (United Kingdom)†(b) | | 6.625% | | 5/15/2025 | | | 375,000 | | | | 375,230 | |
Occidental Petroleum Corp. | | 6.375% | | 9/1/2028 | | | 325,000 | | | | 337,780 | |
Ovintiv, Inc. | | 5.375% | | 1/1/2026 | | | 250,000 | | | | 249,138 | |
Ovintiv, Inc. | | 5.65% | | 5/15/2025 | | | 76,000 | | | | 76,031 | |
Ovintiv, Inc. | | 5.65% | | 5/15/2028 | | | 139,000 | | | | 141,373 | |
Patterson-UTI Energy, Inc. | | 3.95% | | 2/1/2028 | | | 145,000 | | | | 137,142 | |
PDC Energy, Inc. | | 5.75% | | 5/15/2026 | | | 338,000 | | | | 337,644 | |
Permian Resources Operating LLC† | | 6.875% | | 4/1/2027 | | | 54,000 | | | | 54,054 | |
Permian Resources Operating LLC† | | 7.75% | | 2/15/2026 | | | 142,000 | | | | 143,941 | |
Petroleos Mexicanos (Mexico)(b) | | 6.49% | | 1/23/2027 | | | 460,000 | | | | 434,212 | |
Range Resources Corp. | | 8.25% | | 1/15/2029 | | | 12,000 | | | | 12,491 | |
Sitio Royalties Operating Partnership LP/Sitio Finance Corp.† | | 7.875% | | 11/1/2028 | | | 118,000 | | | | 122,153 | |
SM Energy Co. | | 5.625% | | 6/1/2025 | | | 154,000 | | | | 153,374 | |
SM Energy Co. | | 6.75% | | 9/15/2026 | | | 129,000 | | | | 129,217 | |
Strathcona Resources Ltd. (Canada)†(b) | | 6.875% | | 8/1/2026 | | | 183,000 | | | | 183,457 | |
Suncor Energy, Inc. (Canada)(b) | | 7.875% | | 6/15/2026 | | | 103,000 | | | | 108,220 | |
Tengizchevroil Finance Co. International Ltd. (Kazakhstan)†(b) | | 2.625% | | 8/15/2025 | | | 200,000 | | | | 190,345 | |
Viper Energy, Inc.† | | 5.375% | | 11/1/2027 | | | 130,000 | | | | 127,339 | |
Total | | | | | | | | | | | 7,451,404 | |
| | | | | | | | | | | | |
Oil & Gas Services 0.17% | | | | | | | | | | | | |
Welltec International ApS (Denmark)†(b) | | 8.25% | | 10/15/2026 | | | 200,000 | | | | 205,412 | |
| | | | | | | | | | | | |
Pharmaceuticals 0.98% | | | | | | | | | | | | |
Bayer U.S. Finance II LLC† | | 4.25% | | 12/15/2025 | | | 300,000 | | | | 292,611 | |
Bayer U.S. Finance II LLC† | | 4.375% | | 12/15/2028 | | | 246,000 | | | | 231,669 | |
| See Notes to Schedule of Investments. | 93 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – SHORT DURATION INCOME PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Pharmaceuticals (continued) | | | | | | | | | | | | |
Bayer U.S. Finance LLC† | | 6.125% | | 11/21/2026 | | $ | 200,000 | | | $ | 201,711 | |
Bayer U.S. Finance LLC† | | 6.25% | | 1/21/2029 | | | 400,000 | | | | 407,178 | |
Cigna Group | | 5.685% | | 3/15/2026 | | | 69,000 | | | | 68,994 | |
Total | | | | | | | | | | | 1,202,163 | |
| | | | | | | | | | | | |
Pipelines 1.91% | | | | | | | | | | | | |
Buckeye Partners LP | | 3.95% | | 12/1/2026 | | | 181,000 | | | | 173,164 | |
Cheniere Corpus Christi Holdings LLC | | 5.875% | | 3/31/2025 | | | 55,000 | | | | 55,023 | |
Columbia Pipelines Holding Co. LLC† | | 6.055% | | 8/15/2026 | | | 269,000 | | | | 272,048 | |
DCP Midstream Operating LP | | 5.375% | | 7/15/2025 | | | 50,000 | | | | 49,844 | |
Enbridge, Inc. (Canada)(b) | | 5.90% | | 11/15/2026 | | | 75,000 | | | | 76,414 | |
Energy Transfer LP† | | 5.625% | | 5/1/2027 | | | 177,000 | | | | 176,473 | |
Energy Transfer LP† | | 6.00% | | 2/1/2029 | | | 183,000 | | | | 184,742 | |
EnLink Midstream LLC† | | 5.625% | | 1/15/2028 | | | 58,000 | | | | 57,487 | |
Kinder Morgan, Inc. | | 5.00% | | 2/1/2029 | | | 153,000 | | | | 152,466 | |
Kinetik Holdings LP† | | 6.625% | | 12/15/2028 | | | 89,000 | | | | 90,637 | |
ONEOK, Inc. | | 5.55% | | 11/1/2026 | | | 64,000 | | | | 64,606 | |
ONEOK, Inc. | | 5.65% | | 11/1/2028 | | | 64,000 | | | | 65,458 | |
Plains All American Pipeline LP/PAA Finance Corp. | | 3.60% | | 11/1/2024 | | | 58,000 | | | | 57,273 | |
Sabine Pass Liquefaction LLC | | 5.75% | | 5/15/2024 | | | 100,000 | | | | 99,974 | |
Targa Resources Partners LP/Targa Resources Partners Finance Corp. | | 6.50% | | 7/15/2027 | | | 173,000 | | | | 175,024 | |
Targa Resources Partners LP/Targa Resources Partners Finance Corp. | | 6.875% | | 1/15/2029 | | | 238,000 | | | | 245,035 | |
Western Midstream Operating LP | | 4.75% | | 8/15/2028 | | | 65,000 | | | | 63,281 | |
Western Midstream Operating LP | | 6.35% | | 1/15/2029 | | | 39,000 | | | | 40,478 | |
Williams Cos., Inc. | | 4.90% | | 3/15/2029 | | | 115,000 | | | | 114,294 | |
Williams Cos., Inc. | | 5.30% | | 8/15/2028 | | | 87,000 | | | | 87,786 | |
Williams Cos., Inc. | | 5.40% | | 3/2/2026 | | | 39,000 | | | | 39,119 | |
Total | | | | | | | | | | | 2,340,626 | |
| | | | | | | | | | | | |
REITS 2.08% | | | | | | | | | | | | |
American Tower Corp. | | 1.60% | | 4/15/2026 | | | 202,000 | | | | 187,656 | |
American Tower Corp. | | 3.60% | | 1/15/2028 | | | 261,000 | | | | 246,913 | |
American Tower Corp. | | 3.65% | | 3/15/2027 | | | 125,000 | | | | 119,866 | |
American Tower Corp. | | 5.25% | | 7/15/2028 | | | 82,000 | | | | 82,049 | |
American Tower Corp. | | 5.50% | | 3/15/2028 | | | 123,000 | | | | 124,097 | |
Crown Castle, Inc. | | 3.65% | | 9/1/2027 | | | 94,000 | | | | 89,139 | |
Crown Castle, Inc. | | 4.80% | | 9/1/2028 | | | 70,000 | | | | 68,672 | |
Crown Castle, Inc. | | 5.00% | | 1/11/2028 | | | 74,000 | | | | 73,256 | |
EPR Properties | | 4.50% | | 6/1/2027 | | | 70,000 | | | | 66,651 | |
94 | See Notes to Schedule of Investments. | |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – SHORT DURATION INCOME PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
REITS (continued) | | | | | | | | | | | | |
EPR Properties | | 4.75% | | 12/15/2026 | | $ | 171,000 | | | $ | 165,609 | |
GLP Capital LP/GLP Financing II, Inc. | | 5.375% | | 4/15/2026 | | | 79,000 | | | | 78,364 | |
HAT Holdings I LLC/HAT Holdings II LLC† | | 3.375% | | 6/15/2026 | | | 187,000 | | | | 176,323 | |
Kite Realty Group Trust | | 4.00% | | 3/15/2025 | | | 72,000 | | | | 70,697 | |
Prologis Targeted U.S. Logistics Fund LP† | | 5.25% | | 4/1/2029 | | | 60,000 | | | | 59,870 | |
VICI Properties LP/VICI Note Co., Inc.† | | 3.50% | | 2/15/2025 | | | 189,000 | | | | 184,976 | |
VICI Properties LP/VICI Note Co., Inc.† | | 3.75% | | 2/15/2027 | | | 178,000 | | | | 168,815 | |
VICI Properties LP/VICI Note Co., Inc.† | | 4.25% | | 12/1/2026 | | | 100,000 | | | | 96,217 | |
VICI Properties LP/VICI Note Co., Inc.† | | 4.50% | | 9/1/2026 | | | 111,000 | | | | 107,753 | |
VICI Properties LP/VICI Note Co., Inc.† | | 4.625% | | 6/15/2025 | | | 248,000 | | | | 244,410 | |
Vornado Realty LP | | 2.15% | | 6/1/2026 | | | 46,000 | | | | 41,837 | |
Vornado Realty LP | | 3.50% | | 1/15/2025 | | | 97,000 | | | | 94,854 | |
Total | | | | | | | | | | | 2,548,024 | |
| | | | | | | | | | | | |
Retail 0.28% | | | | | | | | | | | | |
Sizzling Platter LLC/Sizzling Platter Finance Corp.† | | 8.50% | | 11/28/2025 | | | 175,000 | | | | 176,943 | |
Walgreens Boots Alliance, Inc. | | 3.45% | | 6/1/2026 | | | 170,000 | | | | 162,196 | |
Total | | | | | | | | | | | 339,139 | |
| | | | | | | | | | | | |
Semiconductors 0.37% | | | | | | | | | | | | |
Entegris, Inc.† | | 4.75% | | 4/15/2029 | | | 121,000 | | | | 116,095 | |
Microchip Technology, Inc. | | 4.25% | | 9/1/2025 | | | 59,000 | | | | 58,053 | |
Micron Technology, Inc. | | 4.185% | | 2/15/2027 | | | 29,000 | | | | 28,268 | |
Micron Technology, Inc. | | 5.375% | | 4/15/2028 | | | 22,000 | | | | 22,225 | |
Qorvo, Inc. | | 1.75% | | 12/15/2024 | | | 30,000 | | | | 29,169 | |
SK Hynix, Inc. (South Korea)†(b) | | 5.50% | | 1/16/2027 | | | 200,000 | | | | 200,229 | |
Total | | | | | | | | | | | 454,039 | |
| | | | | | | | | | | | |
Shipbuilding 0.10% | | | | | | | | | | | | |
Huntington Ingalls Industries, Inc. | | 2.043% | | 8/16/2028 | | | 143,000 | | | | 124,924 | |
| | | | | | | | | | | | |
Software 0.17% | | | | | | | | | | | | |
Concentrix Corp. | | 6.65% | | 8/2/2026 | | | 59,000 | | | | 59,474 | |
Oracle Corp. | | 2.30% | | 3/25/2028 | | | 104,000 | | | | 93,947 | |
Take-Two Interactive Software, Inc. | | 4.95% | | 3/28/2028 | | | 59,000 | | | | 58,797 | |
Total | | | | | | | | | | | 212,218 | |
| | | | | | | | | | | | |
Telecommunications 0.82% | | | | | | | | | | | | |
AT&T, Inc. | | 5.539% | | 2/20/2026 | | | 173,000 | | | | 172,911 | |
Motorola Solutions, Inc. | | 5.00% | | 4/15/2029 | | | 48,000 | | | | 47,783 | |
NBN Co. Ltd. (Australia)†(b) | | 5.75% | | 10/6/2028 | | | 200,000 | | | | 206,905 | |
Sprint Capital Corp. | | 6.875% | | 11/15/2028 | | | 190,000 | | | | 202,622 | |
| See Notes to Schedule of Investments. | 95 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – SHORT DURATION INCOME PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Telecommunications (continued) | | | | | | | | | | | | |
Sprint LLC | | 7.125% | | 6/15/2024 | | $ | 114,000 | | | $ | 114,267 | |
Telecom Italia SpA (Italy)†(b) | | 5.303% | | 5/30/2024 | | | 200,000 | | | | 199,049 | |
T-Mobile USA, Inc. | | 3.75% | | 4/15/2027 | | | 70,000 | | | | 67,434 | |
Total | | | | | | | | | | | 1,010,971 | |
| | | | | | | | | | | | |
Toys/Games/Hobbies 0.27% | | | | | | | | | | | | |
Hasbro, Inc. | | 3.90% | | 11/19/2029 | | | 352,000 | | | | 326,908 | |
| | | | | | | | | | | | |
Transportation 0.05% | | | | | | | | | | | | |
Ryder System, Inc. | | 5.30% | | 3/15/2027 | | | 59,000 | | | | 59,441 | |
| | | | | | | | | | | | |
Trucking & Leasing 0.92% | | | | | | | | | | | | |
Fortress Transportation & Infrastructure Investors LLC† | | 6.50% | | 10/1/2025 | | | 118,000 | | | | 117,914 | |
GATX Corp. | | 5.40% | | 3/15/2027 | | | 50,000 | | | | 50,369 | |
Penske Truck Leasing Co. LP/PTL Finance Corp.† | | 3.40% | | 11/15/2026 | | | 48,000 | | | | 45,682 | |
Penske Truck Leasing Co. LP/PTL Finance Corp.† | | 4.20% | | 4/1/2027 | | | 271,000 | | | | 263,356 | |
Penske Truck Leasing Co. LP/PTL Finance Corp.† | | 5.35% | | 1/12/2027 | | | 151,000 | | | | 151,185 | |
Penske Truck Leasing Co. LP/PTL Finance Corp.†(a) | | 5.35% | | 3/30/2029 | | | 59,000 | | | | 59,066 | |
Penske Truck Leasing Co. LP/PTL Finance Corp.† | | 6.05% | | 8/1/2028 | | | 239,000 | | | | 246,058 | |
SMBC Aviation Capital Finance DAC (Ireland)†(b) | | 5.45% | | 5/3/2028 | | | 200,000 | | | | 200,664 | |
Total | | | | | | | | | | | 1,134,294 | |
Total Corporate Bonds (cost $78,475,576) | | | | | | | | | | | 78,433,040 | |
| | | | | | | | | | | | |
FLOATING RATE LOANS(d) 4.61% | | | | | | | | | | | | |
| | | | | | | | | | | | |
Airlines 0.03% | | | | | | | | | | | | |
Mileage Plus Holdings LLC 2020 Term Loan B | | 10.733% (3 mo. USD Term SOFR + 5.25% | ) | 6/21/2027 | | | 36,563 | | | | 37,697 | |
| | | | | | | | | | | | |
Diversified Financial Services 0.78% | | | | | | | | | | | | |
Fleetcor Technologies Operating Co. LLC 2021 Term Loan B4 | | 7.177% (1 mo. USD Term SOFR + 1.75% | ) | 4/28/2028 | | | 337,134 | | | | 337,251 | |
Jane Street Group LLC 2024 Term Loan B | | 7.942% (1 mo. USD Term SOFR + 2.50% | ) | 1/26/2028 | | | 249,356 | | | | 249,761 | |
NFP Corp. 2020 Term Loan | | 8.695% (1 mo. USD Term SOFR + 3.25% | ) | 2/16/2027 | | | 184,519 | | | | 184,958 | |
Setanta Aircraft Leasing Designated Activity Co. Term Loan B (Ireland)(b) | | 7.564% (3 mo. USD Term SOFR + 2.00% | ) | 11/5/2028 | | | 181,654 | | | | 182,234 | |
Total | | | | | | | | | | | 954,204 | |
96 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – SHORT DURATION INCOME PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Electrical Components & Equipment 0.24% | | | | | | | | | | | | |
Energizer Holdings, Inc. 2020 Term Loan | | 7.693% (1 mo. USD Term SOFR + 2.25% | ) | 12/22/2027 | | $ | 298,227 | | | $ | 298,451 | |
| | | | | | | | | | | | |
Food 0.15% | | | | | | | | | | | | |
U.S. Foods, Inc. 2019 Term Loan B | | 7.442% (1 mo. USD Term SOFR + 2.00% | ) | 9/13/2026 | | | 178,958 | | | | 179,539 | |
| | | | | | | | | | | | |
Health Care Services 0.34% | | | | | | | | | | | | |
DaVita, Inc. 2020 Term Loan B | | 7.192% (1 mo. USD Term SOFR + 1.75% | ) | 8/12/2026 | | | 269,726 | | | | 270,027 | |
HCA, Inc. 2021 Term Loan A | | 6.802% (1 mo. USD Term SOFR + 1.38% | ) | 6/30/2026 | | | 150,149 | | | | 150,524 | |
Total | | | | | | | | | | | 420,551 | |
| | | | | | | | | | | | |
Health Services 0.36% | | | | | | | | | | | | |
Catalent Pharma Solutions, Inc. 2021 Term Loan B3 | | 7.443% (1 mo. USD Term SOFR + 2.00% | ) | 2/22/2028 | | | 442,000 | | | | 442,276 | |
| | | | | | | | | | | | |
Housing 0.10% | | | | | | | | | | | | |
SRS Distribution, Inc. 2021 Term Loan B | | – | (e) | 6/2/2028 | | | 122,000 | | | | 122,982 | |
| | | | | | | | | | | | |
Internet 0.53% | | | | | | | | | | | | |
Gen Digital, Inc. 2021 Term Loan A | | – | (e) | 9/10/2027 | | | 320,724 | | | | 320,289 | |
Match Group, Inc. 2020 Term Loan B | | 7.233% (3 mo. USD Term SOFR + 1.75% | ) | 2/13/2027 | | | 325,000 | | | | 325,000 | |
Total | | | | | | | | | | | 645,289 | |
| | | | | | | | | | | | |
Leisure Time 0.04% | | | | | | | | | | | | |
Carnival Corp. 2023 Term Loan B | | 8.319% (1 mo. USD Term SOFR + 3.00% | ) | 8/8/2027 | | | 54,588 | | | | 54,735 | |
| | | | | | | | | | | | |
Lodging 0.24% | | | | | | | | | | | | |
Hilton Domestic Operating Co., Inc. 2023 Term Loan B3 | | 7.179% (1 mo. USD Term SOFR + 1.75% | ) | 6/21/2028 | | | 291,646 | | | | 292,501 | |
| | | | | | | | | | | | |
Manufacturing 0.34% | | | | | | | | | | | | |
DirecTV Financing LLC Term Loan | | 10.445% (1 mo. USD Term SOFR + 5.00% | ) | 8/2/2027 | | | 164,421 | | | | 164,832 | |
Virgin Media Bristol LLC USD Term Loan N | | 7.94% (1 mo. USD Term SOFR + 2.50% | ) | 1/31/2028 | | | 250,000 | | | | 246,595 | |
Total | | | | | | | | | | | 411,427 | |
| See Notes to Schedule of Investments. | 97 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – SHORT DURATION INCOME PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Media 0.31% | | | | | | | | | | | | |
Charter Communications Operating LLC 2019 Term Loan B2 | | 7.076% (1 mo. USD Term SOFR + 1.75% | ) | 2/1/2027 | | $ | 383,114 | | | $ | 383,455 | |
| | | | | | | | | | | | |
Pharmaceuticals 0.15% | | | | | | | | | | | | |
Elanco Animal Health, Inc. Term Loan B | | 7.176% (1 mo. USD Term SOFR + 1.75% | ) | 8/1/2027 | | | 181,493 | | | | 181,054 | |
| | | | | | | | | | | | |
Pipelines 0.09% | | | | | | | | | | | | |
Buckeye Partners LP 2024 Term Loan B3 | | 7.33% (1 mo. USD Term SOFR + 2.00% | ) | 11/1/2026 | | | 106,936 | | | | 107,255 | |
| | | | | | | | | | | | |
Real Estate Investment Trusts 0.51% | | | | | | | | | | | | |
Invitation Homes Operating Partnership LP 2020 Term Loan A | | 6.427% (1 mo. USD Term SOFR + 1.00% | ) | 1/31/2025 | | | 628,665 | | | | 624,736 | |
| | | | | | | | | | | | |
Retail 0.18% | | | | | | | | | | | | |
KFC Holding Co. 2021 Term Loan B | | 7.191% (1 mo. USD Term SOFR + 1.75% | ) | 3/15/2028 | | | 223,720 | | | | 223,870 | |
| | | | | | | | | | | | |
Software 0.22% | | | | | | | | | | | | |
SS&C European Holdings SARL 2018 Term Loan B4 (Luxembourg)(b) | | – | (e) | 4/16/2025 | | | 133,326 | | | | 133,490 | |
SS&C Technologies, Inc. 2018 Term Loan B3 | | – | (e) | 4/16/2025 | | | 140,894 | | | | 141,067 | |
Total | | | | | | | | | | | 274,557 | |
Total Floating Rate Loans (cost $5,658,385) | | | | | | | | | | | 5,654,579 | |
| | | | | | | | | | | | |
FOREIGN GOVERNMENT OBLIGATIONS(b) 0.09% | | | | | | | | | | | | |
| | | | | | | | | | | | |
Romania | | | | | | | | | | | | |
Romania Government International Bonds† (cost $109,435) | | 5.875% | | 1/30/2029 | | | 110,000 | | | | 110,179 | |
| | | | | | | | | | | | |
GOVERNMENT SPONSORED ENTERPRISES COLLATERALIZED MORTGAGE OBLIGATIONS 0.05% | | | |
Government National Mortgage Association Series 2014-112 Class A | | 3.00% | #(f) | 1/16/2048 | | | 2,255 | | | | 2,009 | |
Government National Mortgage Association Series 2014-78 Class IO(g) | | 0.007% | #(f) | 3/16/2056 | | | 10,689 | | | | 9 | |
Government National Mortgage Association Series 2017-23 Class AB | | 2.60% | | 12/16/2057 | | | 10,770 | | | | 9,492 | |
Government National Mortgage Association Series 2017-44 Class AD | | 2.65% | | 11/17/2048 | | | 8,794 | | | | 8,294 | |
Government National Mortgage Association Series 2017-53 Class B | | 2.75% | | 3/16/2050 | | | 28,817 | | | | 25,625 | |
98 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – SHORT DURATION INCOME PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
GOVERNMENT SPONSORED ENTERPRISES COLLATERALIZED MORTGAGE OBLIGATIONS (continued) | | | |
Government National Mortgage Association Series 2017-61 Class A | | 2.60% | | 8/16/2058 | | $ | 6,835 | | | $ | 6,385 | |
Government National Mortgage Association Series 2017-76 Class AS | | 2.65% | | 11/16/2050 | | | 13,909 | | | | 12,241 | |
Total Government Sponsored Enterprises Collateralized Mortgage Obligations (cost $71,092) | | | | | 64,055 | |
| | | | | | | | | | | | |
GOVERNMENT SPONSORED ENTERPRISES PASS-THROUGHS 0.03% | | | | | | | |
Federal Home Loan Mortgage Corp. | | 5.823% (1Yr. RFUCCT + 1.85% | )# | 6/1/2042 | | | 1,463 | | | | 1,505 | |
Federal Home Loan Mortgage Corp. | | 5.876% (1Yr. RFUCCT + 1.79% | )# | 6/1/2041 | | | 3,569 | | | | 3,674 | |
Federal Home Loan Mortgage Corp. | | 6.143% (1Yr. RFUCCT + 1.89% | )# | 12/1/2040 | | | 1,966 | | | | 1,974 | |
Federal National Mortgage Association | | 5.655% (1Yr. RFUCCT + 1.78% | )# | 10/1/2036 | | | 8,031 | | | | 8,261 | |
Federal National Mortgage Association | | 5.866% (1Yr. RFUCCT + 1.72% | )# | 6/1/2042 | | | 1,463 | | | | 1,509 | |
Federal National Mortgage Association | | 5.887% (1Yr. RFUCCT + 1.79% | )# | 3/1/2042 | | | 1,559 | | | | 1,609 | |
Federal National Mortgage Association | | 6.048% (1Yr. RFUCCT + 1.81% | )# | 1/1/2042 | | | 7,828 | | | | 8,066 | |
Federal National Mortgage Association | | 6.059% (1Yr. RFUCCT + 1.81% | )# | 10/1/2040 | | | 122 | | | | 126 | |
Federal National Mortgage Association | | 6.061% (1Yr. RFUCCT + 1.81% | )# | 12/1/2040 | | | 234 | | | | 241 | |
Federal National Mortgage Association | | 6.076% (1Yr. RFUCCT + 1.82% | )# | 12/1/2040 | | | 476 | | | | 491 | |
Federal National Mortgage Association | | 6.164% (1Yr. RFUCCT + 1.81% | )# | 4/1/2040 | | | 4,510 | | | | 4,645 | |
Federal National Mortgage Association | | 7.517% (1Yr. RFUCCT + 1.60% | )# | 10/1/2045 | | | 542 | | | | 557 | |
Federal National Mortgage Association | | 7.577% (1Yr. RFUCCT + 1.60% | )# | 12/1/2045 | | | 944 | | | | 971 | |
Federal National Mortgage Association | | 7.687% (1Yr. RFUCCT + 1.60% | )# | 12/1/2045 | | | 5,348 | | | | 5,507 | |
Total Government Sponsored Enterprises Pass-Throughs (cost $39,515) | | | | | | | | 39,136 | |
| | | | | | | | | | | | |
NON-AGENCY COMMERCIAL MORTGAGE-BACKED SECURITIES 5.51% | | | | | | | | | |
Bank Series 2023-5YR2 Class A3 | | 6.656% | #(f) | 7/15/2056 | | | 150,000 | | | | 158,374 | |
Bank Series 2023-5YR4 Class A3 | | 6.50% | | 12/15/2056 | | | 280,000 | | | | 295,268 | |
BBCMS Mortgage Trust Series 2018-TALL Class A† | | 6.245% (1 mo. USD Term SOFR + 0.92% | )# | 3/15/2037 | | | 200,000 | | | | 192,239 | |
| See Notes to Schedule of Investments. | 99 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – SHORT DURATION INCOME PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
NON-AGENCY COMMERCIAL MORTGAGE-BACKED SECURITIES (continued) | | | | | | |
Benchmark Mortgage Trust Series 2024-V5 Class A3 | | 5.805% | | 1/10/2057 | | $ | 120,000 | | | $ | 123,676 | |
Benchmark Mortgage Trust Series 2024-V6 Class A3(a) | | 5.926% | | 3/15/2029 | | | 600,000 | | | | 619,988 | |
BMO Mortgage Trust Series 2023-5C2 Class A3 | | 7.055% | #(f) | 11/15/2056 | | | 110,000 | | | | 118,993 | |
BX Commercial Mortgage Trust Series 2021-ACNT Class A† | | 6.29% (1 mo. USD Term SOFR + 0.96% | )# | 11/15/2038 | | | 137,892 | | | | 136,626 | |
BX Commercial Mortgage Trust Series 2021-XL2 Class A† | | 6.128% (1 mo. USD Term SOFR + 0.80% | )# | 10/15/2038 | | | 156,386 | | | | 155,315 | |
BX Commercial Mortgage Trust Series 2024-XL4 Class A† | | 6.767% (1 mo. USD Term SOFR + 1.44% | )# | 2/15/2039 | | | 180,000 | | | | 180,493 | |
BX Commercial Mortgage Trust Series 2024-XL5 Class A† | | 6.692% (1 mo. USD Term SOFR + 1.39% | )# | 3/15/2041 | | | 380,000 | | | | 380,755 | |
BX Trust Series 2022-LBA6 Class A† | | 6.325% (1 mo. USD Term SOFR + 1.00% | )# | 1/15/2039 | | | 150,000 | | | | 149,318 | |
BX Trust Series 2022-PSB Class A† | | 7.776% (1 mo. USD Term SOFR + 2.45% | )# | 8/15/2039 | | | 174,252 | | | | 175,558 | |
BX Trust Series 2024-CNYN Class A†(a) | | 6.742% (1 mo. USD Term SOFR + 1.44% | )# | 4/15/2029 | | | 200,000 | | | | 200,313 | |
BXHPP Trust Series 2021-FILM Class A† | | 6.09% (1 mo. USD Term SOFR + 0.76% | )# | 8/15/2036 | | | 280,000 | | | | 269,703 | |
CFCRE Commercial Mortgage Trust Series 2016-C6 Class XA(g) | | 1.074% | #(f) | 11/10/2049 | | | 172,386 | | | | 3,570 | |
CFCRE Commercial Mortgage Trust Series 2016-C7 Class XA(g) | | 0.638% | #(f) | 12/10/2054 | | | 169,110 | | | | 2,409 | |
Citigroup Commercial Mortgage Trust Series 2015-GC27 Class AAB | | 2.944% | | 2/10/2048 | | | 875 | | | | 870 | |
Citigroup Commercial Mortgage Trust Series 2015-GC31 Class XA(g) | | 0.326% | #(f) | 6/10/2048 | | | 853,581 | | | | 2,511 | |
Citigroup Commercial Mortgage Trust Series 2016-GC36 Class A5 | | 3.616% | | 2/10/2049 | | | 280,000 | | | | 267,663 | |
Commercial Mortgage Pass-Through Certificates Series 2014-UBS5 Class XB1†(g) | | 0.075% | #(f) | 9/10/2047 | | | 2,000,000 | | | | 693 | |
Commercial Mortgage Pass-Through Certificates Series 2014-CR19 Class A4 | | 3.532% | | 8/10/2047 | | | 4,469 | | | | 4,442 | |
Commercial Mortgage Pass-Through Certificates Series 2014-UBS3 Class A4 | | 3.819% | | 6/10/2047 | | | 184,000 | | | | 183,095 | |
Commercial Mortgage Pass-Through Certificates Series 2015-PC1 Class XA†(g) | | 0.373% | #(f) | 7/10/2050 | | | 59,385 | | | | 166 | |
100 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – SHORT DURATION INCOME PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
NON-AGENCY COMMERCIAL MORTGAGE-BACKED SECURITIES (continued) | | | | | | |
Commercial Mortgage Pass-Through Certificates Series 2016-CD1 Class XA(g) | | 1.357% | #(f) | 8/10/2049 | | $ | 45,349 | | | $ | 974 | |
Credit Suisse Mortgage Capital Certificates Trust Series 2014-USA Class X1†(g) | | 0.54% | #(f) | 9/15/2037 | | | 978,382 | | | | 4,458 | |
Credit Suisse Mortgage Capital Certificates Trust Series 2021-NQM3 Class A1† | | 1.015% | #(f) | 4/25/2066 | | | 47,998 | | | | 39,231 | |
CSAIL Commercial Mortgage Trust Series 2016-C6 Class XA(g) | | 1.856% | #(f) | 1/15/2049 | | | 593,708 | | | | 15,994 | |
DBJPM Mortgage Trust Series 2016-C3 Class XA(g) | | 1.407% | #(f) | 8/10/2049 | | | 157,712 | | | | 3,979 | |
DBWF Mortgage Trust Series 2015-LCM Class A1† | | 2.998% | | 6/10/2034 | | | 5,905 | | | | 5,600 | |
DBWF Mortgage Trust Series 2016-85T Class XA†(g) | | 0.014% | #(f) | 12/10/2036 | | | 3,140,000 | | | | 3,871 | |
Federal Home Loan Mortgage Corp. STACR REMICS Notes Series 2023-DNA2 Class M1A† | | 7.42% (30 day USD SOFR Average + 2.10% | )# | 4/25/2043 | | | 248,198 | | | | 252,897 | |
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2021-HQA3 Class M1† | | 6.17% (30 day USD SOFR Average + 0.85% | )# | 9/25/2041 | | | 85,108 | | | | 84,756 | |
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2022-DNA4 Class M1A† | | 7.52% (30 day USD SOFR Average + 2.20% | )# | 5/25/2042 | | | 191,860 | | | | 195,289 | |
Federal National Mortgage Association Connecticut Avenue Securities Trust Series 2022-R02 Class 2M1† | | 6.52% (30 day USD SOFR Average + 1.20% | )# | 1/25/2042 | | | 119,579 | | | | 119,812 | |
Federal National Mortgage Association Connecticut Avenue Securities Trust Series 2022-R08 Class 1M1† | | 7.87% (30 day USD SOFR Average + 2.55% | )# | 7/25/2042 | | | 229,938 | | | | 236,153 | |
Federal National Mortgage Association Connecticut Avenue Securities Trust Series 2023-R01 Class 1M1† | | 7.721% (30 day USD SOFR Average + 2.40% | )# | 12/25/2042 | | | 248,885 | | | | 255,736 | |
Federal National Mortgage Association Connecticut Avenue Securities Trust Series 2023-R03 Class 2M1† | | 7.82% (30 day USD SOFR Average + 2.50% | )# | 4/25/2043 | | | 120,354 | | | | 122,771 | |
GS Mortgage Securities Corp. Trust Series 2017-485L Class XB†(g) | | 0.111% | #(f) | 2/10/2037 | | | 1,590,000 | | | | 6,223 | |
| See Notes to Schedule of Investments. | 101 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – SHORT DURATION INCOME PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
NON-AGENCY COMMERCIAL MORTGAGE-BACKED SECURITIES (continued) | | | | | | |
GS Mortgage Securities Corp. Trust Series 2021-ARDN Class A† | | 6.69% (1 mo. USD Term SOFR + 1.36% | )# | 11/15/2036 | | $ | 100,000 | | | $ | 98,438 | |
GS Mortgage Securities Corp. Trust Series 2021-ROSS Class A† | | 6.591% (1 mo. USD Term SOFR + 1.26% | )# | 5/15/2026 | | | 100,000 | | | | 93,270 | |
GS Mortgage Securities Corp. Trust Series 2021-ROSS Class H† | | 11.341% (1 mo. USD Term SOFR + 6.01% | )# | 5/15/2026 | | | 100,000 | | | | 33,537 | |
GS Mortgage Securities Trust Series 2015-GS1 Class XB(g) | | 0.18% | #(f) | 11/10/2048 | | | 1,082,000 | | | | 3,761 | |
HMH Trust Series 2017-NSS Class A† | | 3.062% | | 7/5/2031 | | | 100,000 | | | | 84,015 | |
HMH Trust Series 2017-NSS Class B† | | 3.343% | | 7/5/2031 | | | 100,000 | | | | 68,044 | (h) |
HMH Trust Series 2017-NSS Class C† | | 3.787% | | 7/5/2031 | | | 100,000 | | | | 54,251 | |
HMH Trust Series 2017-NSS Class D† | | 4.723% | | 7/5/2031 | | | 100,000 | | | | 25,937 | |
Hudsons Bay Simon JV Trust Series 2015-HB7 Class XA7†(g) | | 1.252% | #(f) | 8/5/2034 | | | 796,237 | | | | 141 | |
JP Morgan Chase Commercial Mortgage Securities Trust Series 2014-DSTY Class A† | | 3.429% | | 6/10/2027 | | | 200,000 | | | | 71,034 | |
JP Morgan Chase Commercial Mortgage Securities Trust Series 2016-JP4 Class XA(g) | | 0.57% | #(f) | 12/15/2049 | | | 764,718 | | | | 8,849 | |
JP Morgan Chase Commercial Mortgage Securities Trust Series 2017-JP7 Class XA(g) | | 0.985% | #(f) | 9/15/2050 | | | 867,248 | | | | 19,811 | |
JP Morgan Chase Commercial Mortgage Securities Trust Series 2018-PTC Class A† | | 6.823% (1 mo. USD Term SOFR + 1.50% | )# | 4/15/2031 | | | 90,000 | | | | 61,200 | |
JP Morgan Chase Commercial Mortgage Securities Trust Series 2018-PTC Class B† | | 7.523% (1 mo. USD Term SOFR + 2.20% | )# | 4/15/2031 | | | 24,000 | | | | 14,628 | |
JP Morgan Chase Commercial Mortgage Securities Trust Series 2018-PTC Class C† | | 7.923% (1 mo. USD Term SOFR + 2.60% | )# | 4/15/2031 | | | 18,000 | | | | 10,081 | |
JP Morgan Chase Commercial Mortgage Securities Trust Series 2020-MKST Class E† | | 8.19% (1 mo. USD Term SOFR + 2.86% | )# | 12/15/2036 | | | 420,000 | | | | 60,875 | |
JPMBB Commercial Mortgage Securities Trust Series 2014-C26 Class XA(g) | | 0.914% | #(f) | 1/15/2048 | | | 591,732 | | | | 1,256 | |
JPMBB Commercial Mortgage Securities Trust Series 2015-C30 Class XA(g) | | 0.419% | #(f) | 7/15/2048 | | | 676,094 | | | | 2,798 | |
KIND Trust Series 2021-KIND Class A† | | 6.395% (1 mo. USD Term SOFR + 1.06% | )# | 8/15/2038 | | | 158,700 | | | | 155,902 | |
Life Mortgage Trust Series 2022-BMR2 Class A1† | | 6.621% (1 mo. USD Term SOFR + 1.30% | )# | 5/15/2039 | | | 150,000 | | | | 148,856 | |
102 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – SHORT DURATION INCOME PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
NON-AGENCY COMMERCIAL MORTGAGE-BACKED SECURITIES (continued) | | | | | | |
LSTAR Commercial Mortgage Trust Series 2016-4 Class XA†(g) | | 1.66% | #(f) | 3/10/2049 | | $ | 507,891 | | | $ | 5,499 | |
LSTAR Commercial Mortgage Trust Series 2017-5 Class A3† | | 4.50% | | 3/10/2050 | | | 43,230 | | | | 42,611 | |
Morgan Stanley Bank of America Merrill Lynch Trust Series 2015-C23 Class XA(g) | | 0.541% | #(f) | 7/15/2050 | | | 344,399 | | | | 1,522 | |
Morgan Stanley Bank of America Merrill Lynch Trust Series 2016-C31 Class XA(g) | | 1.263% | #(f) | 11/15/2049 | | | 771,313 | | | | 18,491 | |
Morgan Stanley Capital I Trust Series 2015-UBS8 Class ASB | | 3.626% | | 12/15/2048 | | | 3,270 | | | | 3,222 | |
Morgan Stanley Capital I Trust Series 2016-UB11 Class XB(g) | | 0.88% | #(f) | 8/15/2049 | | | 1,000,000 | | | | 18,698 | |
MSCG Trust Series 2015-ALDR Class A1† | | 2.612% | | 6/7/2035 | | | 3,583 | | | | 3,420 | |
MTN Commercial Mortgage Trust Series 2022-LPFL Class A† | | 6.727% (1 mo. USD Term SOFR + 1.40% | )# | 3/15/2039 | | | 300,000 | | | | 297,213 | |
Palisades Center Trust Series 2016-PLSD Class D† | | 4.737% | | 4/13/2033 | | | 77,000 | | | | 1,628 | |
Ready Capital Mortgage Financing LLC Series 2021-FL6 Class A† | | 6.394% (1 mo. USD Term SOFR + 1.06% | )# | 7/25/2036 | | | 55,392 | | | | 54,911 | |
SG Commercial Mortgage Securities Trust Series 2019-787E Class X†(g) | | 0.305% | #(f) | 2/15/2041 | | | 4,149,000 | | | | 61,588 | |
Shops at Crystals Trust Series 2016-CSTL Class XB†(g) | | 0.203% | #(f) | 7/5/2036 | | | 1,000,000 | | | | 4,385 | |
SMRT Commercial Mortgage Trust Series 2022-MINI Class A† | | 6.326% (1 mo. USD Term SOFR + 1.00% | )# | 1/15/2039 | | | 150,000 | | | | 149,181 | |
Verus Securitization Trust Series 2020-4 Class A1† | | 1.502% | (c) | 5/25/2065 | | | 19,045 | | | | 18,051 | |
Verus Securitization Trust Series 2021-R2 Class A1† | | 0.918% | #(f) | 2/25/2064 | | | 29,016 | | | | 25,796 | |
Verus Securitization Trust Series 2021-R3 Class A1† | | 1.02% | #(f) | 4/25/2064 | | | 38,279 | | | | 34,141 | |
Wells Fargo Commercial Mortgage Trust Series 2015-C29 Class XB(g) | | 0.014% | #(f) | 6/15/2048 | | | 2,000,000 | | | | 1,138 | |
Wells Fargo Commercial Mortgage Trust Series 2015-SG1 Class XA(g) | | 0.645% | #(f) | 9/15/2048 | | | 794,824 | | | | 4,694 | |
Wells Fargo Commercial Mortgage Trust Series 2016-BNK1 Class XA(g) | | 1.71% | #(f) | 8/15/2049 | | | 887,871 | | | | 25,440 | |
Total Non-Agency Commercial Mortgage-Backed Securities (cost $7,650,248) | | | | | | | | | 6,758,095 | |
| See Notes to Schedule of Investments. | 103 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – SHORT DURATION INCOME PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
U.S. TREASURY OBLIGATIONS 0.63% | | | | | | | | | | | | |
U.S. Treasury Inflation-Indexed Notes(i) (cost $761,126) | | 0.25% | | 1/15/2025 | | $ | 786,354 | | | $ | 772,974 | |
Total Long-Term Investments (cost $122,137,452) | | | | | | | | | | | 121,116,846 | |
| | | | | | | | | | | | |
SHORT-TERM INVESTMENTS 1.91% | | | | | | | | | | | | |
| | | | | | | | | | | | |
COMMERCIAL PAPER 0.71% | | | | | | | | | | | | |
| | | | | | | | | | | | |
Retail | | | | | | | | | | | | |
Bayer Corp.† | | 6.372% | | 7/8/2024 | | | 500,000 | | | | 491,954 | |
Walgreens Boots Alliance, Inc.† | | 6.525% | | 4/18/2024 | | | 382,000 | | | | 380,846 | |
Total Commercial Paper (cost $872,788) | | | | | | | | | | | 872,800 | |
| | | | | | | | | | | | |
REPURCHASE AGREEMENTS 1.20% | | | | | | | | | | | | |
Repurchase Agreement dated 3/28/2024, 5.150% due 4/1/2024 with Barclays Bank PLC collateralized by $1,042,000 of U.S. Treasury Bond at 3.875% due 8/15/2033; value: $1,020,000; proceeds: $1,000,572 (cost $1,000,000) | | | | | | | 1,000,000 | | | | 1,000,000 | |
Repurchase Agreement dated 3/28/2024, 2.800% due 4/1/2024 with Fixed Income Clearing Corp. collateralized by $478,700 of U.S. Treasury Bond at 4.250% due 2/15/2054; value: $472,969; proceeds: $463,810 (cost $463,665) | | | | | | | 463,665 | | | | 463,665 | |
Total Repurchase Agreements (cost $1,463,665) | | | | | | | | | | | 1,463,665 | |
Total Short-Term Investments (cost $2,336,453) | | | | | | | | | | | 2,336,465 | |
Total Investments in Securities 100.63% (cost $124,473,905) | | | | | | | | | 123,453,311 | |
Other Assets and Liabilities – Net(j) (0.63)% | | | | | | | | | | | (771,448 | ) |
Net Assets 100.00% | | | | | | | | | | $ | 122,681,863 | |
CMT | | Constant Maturity Rate. |
IO | | Interest Only. |
LIBOR | | London Interbank Offered Rate. |
REITS | | Real Estate Investment Trusts. |
REMICS | | Real Estate Mortgage Investment Conduits. |
RFUCCT | | Refinitiv USD IBOR Consumer Cash Fallbacks Term. |
SOFR | | Secured Overnight Financing Rate. |
STACR | | Structured Agency Credit Risk. |
| | |
† | | Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, unless registered under such Act or exempted from registration, may only be resold to qualified institutional buyers. At March 31, 2024, the total value of Rule 144A securities was $67,243,588, which represents 54.81% of net assets. |
# | | Variable rate security. The interest rate represents the rate in effect at March 31, 2024. |
(a) | | Securities purchased on a when-issued basis. |
(b) | | Foreign security traded in U.S. dollars. |
104 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – SHORT DURATION INCOME PORTFOLIO March 31, 2024
(c) | | Step Bond – Security with a predetermined schedule of interest rate changes. |
(d) | | Floating Rate Loans in which the Fund invests generally pay interest at rates which are periodically re-determined at a margin above the Secured Overnight Financing Rate (“SOFR”) or the prime rate offered by major U.S. banks. The rate(s) shown is the rate(s) in effect at March 31, 2024. |
(e) | | Interest Rate to be determined. |
(f) | | Interest rate is based on the weighted average interest rates of the underlying mortgages within the mortgage pool. |
(g) | | Interest-only security. The principal amount shown is a notional amount representing the outstanding principal of the underlying debt obligation(s). Holders of interest only securities do not receive principal payments on the underlying debt obligation(s). |
(h) | | Level 3 Investment as described in Note 2(b) in the Notes to Schedule of Investments. 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. |
(i) | | Treasury Inflation Protected Security. A U.S. Treasury Note or Bond that offers protection from inflation by paying a fixed rate of interest on principal amount that is adjusted for inflation based on the Consumer Price Index. |
(j) | | Other Assets and Liabilities - Net include net unrealized appreciation/depreciation on futures contracts and swap contracts as follows: |
Centrally Cleared Interest Rate Swap Contracts at March 31, 2024:
Central Clearingparty | | Periodic Payments to be Made By The Fund (Quarterly | ) | Periodic Payments to be Received By The Fund (Quarterly | ) | Termination Date | | Notional Amount | | | Value/Unrealized Appreciation | |
Goldman Sachs(1) | | 3.872% | | 12-Month USD SOFR Index | | 5/31/2028 | | $ | 6,974,000 | | | | | $50,379 | (2) |
| | | | | | | | | | | | | | |
Central Clearingparty | | Periodic Payments to be Made By The Fund (Quarterly | ) | Periodic Payments to be Received By The Fund (Quarterly | ) | Termination Date | | Notional Amount | | | Value/Unrealized Depreciation | |
Goldman Sachs(1) | | 4.258% | | 12-Month USD SOFR Index | | 3/25/2027 | | $ | 8,752,000 | | | | $ | (159 | )(3) |
Goldman Sachs(1) | | 4.264% | | 12-Month USD SOFR Index | | 3/31/2026 | | | 7,387,000 | | | | (23,075 | ) |
Goldman Sachs(1) | | 4.718% | | 12-Month USD SOFR Index | | 9/28/2025 | | | 8,568,000 | | | | (4,345 | ) |
Goldman Sachs(1) | | 5.013% | | 12-Month USD SOFR Index | | 3/7/2025 | | | 13,055,000 | | | | (9,087 | )(4) |
Unrealized Depreciation on Centrally Cleared Interest Rate Swap Contracts | | | | | | $ | (36,666 | ) |
| SOFR Secured Overnight Financing Rate. |
| (1) | | Central clearinghouse: Chicago Mercantile Exchange (CME). |
| (2) | | Unrealized appreciation on Centrally Cleared CPI Swap Contract is $75,020, which includes upfront payment of $(24,641). Upfront payments paid (received) by Central Clearing Party are presented net of amortization. |
| (3) | | Unrealized depreciation on Centrally Cleared CPI Swap Contract is $280, which includes upfront payment of $121. Upfront payments paid (received) by Central Clearing Party are presented net of amortization. |
| (4) | | Unrealized depreciation on Centrally Cleared CPI Swap Contract is $9,017, which includes upfront payment of $(70). Upfront payments paid (received) by Central Clearing Party are presented net of amortization. |
| See Notes to Schedule of Investments. | 105 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – SHORT DURATION INCOME PORTFOLIO March 31, 2024
Centrally Cleared Consumer Price Index (“CPI”) Swap Contracts at March 31, 2024:
Swap Counterparty | | Payments to be Made By The Fund at Termination Date | | Payments to be Received By The Fund at Termination Date | | Termination Date | | Notional Amount | | | Value/Unrealized Appreciation | |
Goldman Sachs | | 2.079% | | CPI Urban Consumer NSA | | 7/15/2024 | | | $299,000 | | | | $2,342 | |
Goldman Sachs | | 2.285% | | CPI Urban Consumer NSA | | 7/15/2025 | | | 299,000 | | | | 1,312 | |
Centrally Cleared Consumer Price Index (“CPI”) Swap Contracts at March 31, 2024:
Swap Counterparty | | Payments to be Made By The Fund at Termination Date | | Payments to be Received By The Fund at Termination Date | | Termination Date | | Notional Amount | | | Value/Unrealized Appreciation | |
Goldman Sachs | | 2.548% | | CPI Urban Consumer NSA | | 3/27/2025 | | | $600,000 | | | | $ | 3,230 | |
Goldman Sachs | | 4.145% | | CPI Urban Consumer NSA | | 4/15/2024 | | | 581,000 | | | | 6,578 | |
Total Unrealized Appreciation on Centrally Cleared CPI Swap Contracts | | | | | | | $ | 13,462 | |
| NSA Non-seasonally adjusted. |
Futures Contracts at March 31, 2024:
Type | | Expiration | | Contracts | | Position | | Notional Amount | | | Notional Value | | | Unrealized Depreciation | |
U.S. 2-Year Treasury Note | | June 2024 | | 69 | | Long | | | $14,120,840 | | | | $14,109,422 | | | | $ | (11,418 | ) |
U.S. 5-Year Treasury Note | | June 2024 | | 93 | | Short | | | (9,930,631 | ) | | | (9,952,453 | ) | | | (21,822 | ) |
Total Unrealized Depreciation on Futures Contracts | | | | | | | | | | | | | | | | | $ | (33,240 | ) |
106 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(concluded)
LORD ABBETT SERIES FUND, INC. – SHORT DURATION INCOME PORTFOLIO March 31, 2024
The following is a summary of the inputs used as of March 31, 2024 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 | | $ | – | | | $ | 29,284,788 | | | $ | – | | | $ | 29,284,788 | |
Corporate Bonds | | | – | | | | 78,433,040 | | | | – | | | | 78,433,040 | |
Floating Rate Loans | | | – | | | | 5,654,579 | | | | – | | | | 5,654,579 | |
Foreign Government Obligations | | | – | | | | 110,179 | | | | – | | | | 110,179 | |
Government Sponsored Enterprises Collateralized Mortgage Obligations | | | – | | | | 64,055 | | | | – | | | | 64,055 | |
Government Sponsored Enterprises Pass-Throughs | | | – | | | | 39,136 | | | | – | | | | 39,136 | |
Non-Agency Commercial Mortgage-Backed Securities | | | – | | | | 6,690,051 | | | | 68,044 | | | | 6,758,095 | |
U.S. Treasury Obligations | | | – | | | | 772,974 | | | | – | | | | 772,974 | |
| | | | | | | | | | | | | | | | |
Short-Term Investments | | | | | | | | | | | | | | | | |
Commercial Paper | | | – | | | | 872,800 | | | | – | | | | 872,800 | |
Repurchase Agreements | | | – | | | | 1,463,665 | | | | – | | | | 1,463,665 | |
Total | | $ | – | | | $ | 123,385,267 | | | $ | 68,044 | | | $ | 123,453,311 | |
Other Financial Instruments | | | | | | | | | | | | | | | | |
Centrally Cleared Interest Rate Swap Contracts | | | | | | | | | | | | | | | | |
Assets | | $ | – | | | $ | 50,379 | | | $ | – | | | $ | 50,379 | |
Liabilities | | | – | | | | (36,666 | ) | | | – | | | | (36,666 | ) |
Centrally Cleared CPI Swap Contracts | | | | | | | | | | | | | | | | |
Assets | | | – | | | | 13,462 | | | | – | | | | 13,462 | |
Liabilities | | | – | | | | – | | | | – | | | | – | |
Futures Contracts | | | | | | | | | | | | | | | | |
Assets | | | – | | | | – | | | | – | | | | – | |
Liabilities | | | (33,240 | ) | | | – | | | | – | | | | (33,240 | ) |
Total | | $ | (33,240 | ) | | $ | 27,175 | | | $ | – | | | $ | (6,065 | ) |
(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. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized. |
A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets. Management has determined not to provide a reconciliation as the balance of Level 3 investments was not considered to be material to the Fund’s net assets at the beginning or end of the period.
| See Notes to Schedule of Investments. | 107 |
Schedule of Investments (unaudited)
LORD ABBETT SERIES FUND, INC. – TOTAL RETURN PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
LONG-TERM INVESTMENTS 110.15% | | | | | | | | | | | | |
| | | | | | | | | | | | |
ASSET-BACKED SECURITIES 16.43% | | | | | | | | | | | | |
| | | | | | | | | | | | |
Automobiles 5.63% | | | | | | | | | | | | |
Bank of America Auto Trust Series 2023-1A Class A3† | | 5.53% | | 2/15/2028 | | $ | 1,640,000 | | | $ | 1,648,689 | |
CarMax Auto Owner Trust Series 2023-1 Class B | | 4.98% | | 1/16/2029 | | | 2,130,000 | | | | 2,113,606 | |
Carvana Auto Receivables Trust Series NP1 2020-N1A Class E† | | 5.20% | | 7/15/2027 | | | 1,500,000 | | | | 1,469,709 | |
Chase Auto Owner Trust Series 2024-1A Class A3† | | 5.13% | | 5/25/2029 | | | 2,675,000 | | | | 2,680,382 | |
Citizens Auto Receivables Trust Series 2023-2 Class A3† | | 5.83% | | 2/15/2028 | | | 3,575,000 | | | | 3,609,373 | |
Exeter Automobile Receivables Trust Series 2020-2A Class E† | | 7.19% | | 9/15/2027 | | | 2,380,000 | | | | 2,398,131 | |
First Investors Auto Owner Trust Series 2021-1A Class E† | | 3.35% | | 4/15/2027 | | | 1,000,000 | | | | 962,901 | |
Flagship Credit Auto Trust Series 2018-4 Class E† | | 5.51% | | 3/16/2026 | | | 1,244,445 | | | | 1,243,434 | |
Flagship Credit Auto Trust Series 2022-3 Class A3† | | 4.55% | | 4/15/2027 | | | 1,795,838 | | | | 1,784,083 | |
Flagship Credit Auto Trust Series 2023-3 Class C† | | 6.01% | | 7/16/2029 | | | 1,570,000 | | | | 1,581,354 | |
Ford Credit Auto Lease Trust Series 2023-A Class A3 | | 4.94% | | 3/15/2026 | | | 2,750,000 | | | | 2,740,834 | |
Ford Credit Auto Lease Trust Series 2023-A Class B | | 5.29% | | 6/15/2026 | | | 1,505,000 | | | | 1,499,120 | |
GM Financial Automobile Leasing Trust Series 2023-1 Class B | | 5.51% | | 1/20/2027 | | | 1,300,000 | | | | 1,297,121 | |
Santander Consumer Auto Receivables Trust Series 2020-BA Class C† | | 1.29% | | 4/15/2026 | | | 453,107 | | | | 451,691 | |
Santander Consumer Auto Receivables Trust Series 2021-AA Class E† | | 3.28% | | 3/15/2027 | | | 1,386,000 | | | | 1,319,027 | |
Santander Drive Auto Receivables Trust 2023-2 Class C | | 5.47% | | 12/16/2030 | | | 1,470,000 | | | | 1,467,723 | |
Santander Drive Auto Receivables Trust Series 2020-3 Class D | | 1.64% | | 11/16/2026 | | | 946,014 | | | | 934,113 | |
Santander Drive Auto Receivables Trust Series 2022-7 Class C | | 6.69% | | 3/17/2031 | | | 2,470,000 | | | | 2,521,384 | |
SBNA Auto Receivables Trust Series 2024-A Class A3† | | 5.32% | | 12/15/2028 | | | 1,980,000 | | | | 1,981,317 | |
Westlake Automobile Receivables Trust Series 2020-3A Class E† | | 3.34% | | 6/15/2026 | | | 1,450,000 | | | | 1,431,648 | |
Westlake Automobile Receivables Trust Series 2023-1A Class C† | | 5.74% | | 8/15/2028 | | | 885,000 | | | | 884,940 | |
Total | | | | | | | | | | | 36,020,580 | |
108 | See Notes to Schedule of Investments. | |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – TOTAL RETURN PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Credit Card 1.46% | | | | | | | | | | | | |
Capital One Multi-Asset Execution Trust Series 2022-A1 Class A1 | | 2.80% | | 3/15/2027 | | $ | 9,540,000 | | | $ | 9,314,640 | |
| | | | | | | | | | | | |
Other 9.34% | | | | | | | | | | | | |
Affirm Asset Securitization Trust Series 2023-A Class 1A† | | 6.61% | | 1/18/2028 | | | 1,810,000 | | | | 1,821,468 | |
Affirm Asset Securitization Trust Series 2023-B Class A† | | 6.82% | | 9/15/2028 | | | 2,510,000 | | | | 2,548,924 | |
Affirm Asset Securitization Trust Series 2024-A Class A† | | 5.61% | | 2/15/2029 | | | 485,000 | | | | 484,205 | |
Arbor Realty Commercial Real Estate Notes Ltd. Series 2021-FL2 Class A† | | 6.54% (1 mo. USD Term SOFR + 1.21% | )# | 5/15/2036 | | | 1,071,713 | | | | 1,069,202 | |
Arbor Realty Commercial Real Estate Notes Ltd. Series 2021-FL4 Class A† | | 6.79% (1 mo. USD Term SOFR + 1.46% | )# | 11/15/2036 | | | 1,173,500 | | | | 1,170,383 | |
ARES XL CLO Ltd. Series 2016-40A Class A1RR† | | 6.446% (3 mo. USD Term SOFR + 1.13% | )# | 1/15/2029 | | | 404,037 | | | | 404,481 | |
Avant Loans Funding Trust Series 2022-REV1 Class A† | | 6.54% | | 9/15/2031 | | | 2,409,288 | | | | 2,407,402 | |
Bain Capital Credit CLO Ltd. Series 2023-4A Class C† | | 8.323% (3 mo. USD Term SOFR + 2.90% | )# | 10/21/2036 | | | 710,000 | | | | 714,869 | |
Bain Capital Credit CLO Ltd. Series 2023-4A Class D† | | 10.423% (3 mo. USD Term SOFR + 5.00% | )# | 10/21/2036 | | | 1,330,000 | | | | 1,354,815 | |
Ballyrock CLO 23 Ltd. Series 2023-23A Class A1† | | 7.305% (3 mo. USD Term SOFR + 1.98% | )# | 4/25/2036 | | | 1,950,000 | | | | 1,959,144 | |
Ballyrock CLO 25 Ltd. Series 2023-25A Class A2† | | 7.774% (3 mo. USD Term SOFR + 2.45% | )# | 1/25/2036 | | | 1,270,000 | | | | 1,277,524 | |
Barings CLO Ltd. Series 2019-3A Class A1R† | | 6.649% (3 mo. USD Term SOFR + 1.33% | )# | 4/20/2031 | | | 1,000,000 | | | | 1,002,302 | |
BlueMountain CLO XXXI Ltd. Series 2021-31A Class A1† | | 6.721% (3 mo. USD Term SOFR + 1.41% | )# | 4/19/2034 | | | 1,370,000 | | | | 1,367,259 | |
Carlyle Global Market Strategies CLO Ltd. Series 2012-3A Class A1A2† | | 6.756% (3 mo. USD Term SOFR + 1.44% | )# | 1/14/2032 | | | 765,554 | | | | 766,881 | |
| See Notes to Schedule of Investments. | 109 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – TOTAL RETURN PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Other (continued) | | | | | | | | | | | | |
Carlyle U.S. CLO Ltd. Series 2021-1A Class A1† | | 6.716% (3 mo. USD Term SOFR + 1.40% | )# | 4/15/2034 | | $ | 2,860,000 | | | $ | 2,865,968 | |
Carlyle U.S. CLO Ltd. Series 2023-2A Class C† | | 8.318% (3 mo. USD Term SOFR + 3.00% | )# | 7/20/2036 | | | 1,100,000 | | | | 1,108,174 | |
Carlyle U.S. CLO Ltd. Series 2024-1A Class B† | | 7.294% (3 mo. USD Term SOFR + 2.00% | )# | 4/15/2037 | | | 1,290,000 | | | | 1,289,608 | |
CIFC Funding Ltd. Series 2014-5A Class A1R2† | | 6.778% (3 mo. USD Term SOFR + 1.46% | )# | 10/17/2031 | | | 640,000 | | | | 641,718 | |
CIFC Funding Ltd. Series 2021-1A Class B† | | 7.136% (3 mo. USD Term SOFR + 1.81% | )# | 4/25/2033 | | | 650,000 | | | | 652,097 | |
Dryden 107 CLO Ltd. Series 2023-107A Class C† | | 8.307% (3 mo. USD Term SOFR + 3.00% | )# | 8/15/2035 | | | 820,000 | | | | 826,174 | |
Elmwood CLO 24 Ltd. Series 2023-3A Class B† | | 7.694% (3 mo. USD Term SOFR + 2.35% | )# | 12/11/2033 | | | 1,210,000 | | | | 1,217,551 | |
GoldenTree Loan Management U.S. CLO 19 Ltd. Series 2014-19A Class C† | | 7.671% (3 mo. USD Term SOFR + 2.35% | )# | 4/20/2037 | | | 940,000 | | | | 941,171 | |
GoldenTree Loan Management U.S. CLO Ltd. Series 2022-16A Class BR† | | 7.857% (3 mo. USD Term SOFR + 2.50% | )# | 1/20/2034 | | | 1,430,000 | | | | 1,438,891 | |
Lending Funding Trust Series 2020-2A Class A† | | 2.32% | | 4/21/2031 | | | 1,840,000 | | | | 1,710,807 | |
Lendmark Funding Trust Series 2021-1A Class A† | | 1.90% | | 11/20/2031 | | | 1,400,000 | | | | 1,282,098 | |
LoanCore Issuer Ltd. Series 2022-CRE7 Class A† | | 6.869% (30 day USD SOFR Average + 1.55% | )# | 1/17/2037 | | | 1,199,833 | | | | 1,189,430 | |
Logan CLO I Ltd. Series 2021-1A Class A† | | 6.739% (3 mo. USD Term SOFR + 1.42% | )# | 7/20/2034 | | | 1,040,000 | | | | 1,039,512 | |
Madison Park Funding Ltd. Series 2024-58A Class D†(a) | | 9.03% (3 mo. USD Term SOFR + 3.65% | )# | 4/25/2037 | | | 960,000 | | | | 963,600 | (b) |
Madison Park Funding XI Ltd. Series 2013-11A Class AR2† | | 6.477% (3 mo. USD Term SOFR + 1.16% | )# | 7/23/2029 | | | 1,623,252 | | | | 1,623,738 | |
110 | See Notes to Schedule of Investments. | |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – TOTAL RETURN PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Other (continued) | | | | | | | | | | | | |
Magnetite XXXVIII Ltd. Series 2024-38A Class B† | | 7.294% (3 mo. USD Term SOFR + 2.00% | )# | 4/15/2037 | | $ | 1,210,000 | | | $ | 1,210,000 | |
Marble Point CLO XVII Ltd. Series 2020-1A Class A† | | 6.879% (3 mo. USD Term SOFR + 1.56% | )# | 4/20/2033 | | | 1,134,614 | | | | 1,132,967 | |
Marlette Funding Trust Series 2020-2A Class D† | | 4.65% | | 9/16/2030 | | | 510,047 | | | | 509,228 | |
MF1 LLC Series 2024-FL14 Class A† | | 7.063% (1 mo. USD Term SOFR + 1.74% | )# | 3/19/2039 | | | 1,430,000 | | | | 1,433,132 | |
Mountain View CLO LLC Series 2017-1A Class AR† | | 6.666% (3 mo. USD Term SOFR + 1.35% | )# | 10/16/2029 | | | 346,915 | | | | 346,918 | |
Neuberger Berman CLO XVII Ltd. Seires 2014-17A Class BR2† | | 7.079% (3 mo. USD Term SOFR + 1.76% | )# | 4/22/2029 | | | 1,390,000 | | | | 1,395,506 | |
OCP CLO Ltd. Series 2014-7A Class A1RR† | | 6.699% (3 mo. USD Term SOFR + 1.38% | )# | 7/20/2029 | | | 662,941 | | | | 664,230 | |
OneMain Financial Issuance Trust Series 2020-2A Class C† | | 2.76% | | 9/14/2035 | | | 2,745,000 | | | | 2,448,576 | |
Peebles Park CLO Ltd. Series 2024-1A Class B1† | | 7.304% (3 mo. USD Term SOFR + 2.00% | )# | 4/21/2037 | | | 990,000 | | | | 990,731 | |
Regatta XXVII Funding Ltd. Series 2024-1A Class B† | | 7.296% (3 mo. USD Term SOFR + 2.00% | )# | 4/26/2037 | | | 1,020,000 | | | | 1,019,575 | |
RR Ltd. Series 2022-24A Class A2R† | | 7.747% (3 mo. USD Term SOFR + 2.40% | )# | 1/15/2036 | | | 1,410,000 | | | | 1,418,710 | |
SCF Equipment Leasing LLC Series 2019-2A Class C† | | 3.11% | | 6/21/2027 | | | 976,701 | | | | 970,046 | |
SEB Funding LLC Series 2021-1A Class A2† | | 4.969% | | 1/30/2052 | | | 1,052,363 | | | | 994,179 | |
Signal Peak CLO 8 Ltd. Series 2020-8A Class A† | | 6.849% (3 mo. USD Term SOFR + 1.53% | )# | 4/20/2033 | | | 2,004,915 | | | | 2,003,581 | |
Sunrun Demeter Issuer LLC Series 2021-2A Class A† | | 2.27% | | 1/30/2057 | | | 706,294 | | | | 577,725 | |
Texas Debt Capital CLO Ltd. Series 2024-1A Class B† | | 7.279% (3 mo. USD Term SOFR + 1.95% | )# | 4/22/2037 | | | 1,610,000 | | | | 1,609,893 | |
THL Credit Wind River CLO Ltd. Series 2013-2A Class AR2† | | 6.56% (3 mo. USD Term SOFR + 1.26% | )# | 10/18/2030 | | | 898,502 | | | | 900,565 | |
| See Notes to Schedule of Investments. | 111 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – TOTAL RETURN PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Other (continued) | | | | | | | | | | | | |
Valley Stream Park CLO Ltd. Series 2022-1A Class BR† | | 7.568% (3 mo. USD Term SOFR + 2.25% | )# | 10/20/2034 | | $ | 1,180,000 | | | $ | 1,179,912 | |
Voya CLO Ltd. Series 2018-1A Class A2† | | 6.871% (3 mo. USD Term SOFR + 1.56% | )# | 4/19/2031 | | | 800,000 | | | | 801,211 | |
Voya CLO Ltd. Series 2018-2A Class A1† | | 6.576% (3 mo. USD Term SOFR + 1.26% | )# | 7/15/2031 | | | 1,010,144 | | | | 1,010,469 | |
Total | | | | | | | | | | | 59,756,550 | |
| | | | | | | | | | | | |
Student Loan 0.00% | | | | | | | | | | | | |
Towd Point Asset Trust Series 2018-SL1 Class A† | | 6.044% (1 mo. USD Term SOFR + 0.71% | )# | 1/25/2046 | | | 7,141 | | | | 7,138 | |
Total Asset-Backed Securities (cost $105,836,514) | | | | | | | | | | | 105,098,908 | |
| | | | | | | | | | | | |
CORPORATE BONDS 45.94% | | | | | | | | | | | | |
| | | | | | | | | | | | |
Advertising 0.10% | | | | | | | | | | | | |
Clear Channel Outdoor Holdings, Inc.† | | 7.50% | | 6/1/2029 | | | 766,000 | | | | 634,184 | |
| | | | | | | | | | | | |
Aerospace/Defense 0.21% | | | | | | | | | | | | |
BAE Systems PLC (United Kingdom)†(c) | | 5.30% | | 3/26/2034 | | | 1,322,000 | | | | 1,329,128 | |
| | | | | | | | | | | | |
Agriculture 1.24% | | | | | | | | | | | | |
BAT Capital Corp. | | 3.222% | | 8/15/2024 | | | 1,937,000 | | | | 1,918,179 | |
BAT Capital Corp. | | 5.834% | | 2/20/2031 | | | 601,000 | | | | 606,493 | |
BAT Capital Corp. | | 6.343% | | 8/2/2030 | | | 1,635,000 | | | | 1,704,400 | |
Philip Morris International, Inc. | | 5.625% | | 11/17/2029 | | | 1,700,000 | | | | 1,751,552 | |
Viterra Finance BV (Netherlands)†(c) | | 4.90% | | 4/21/2027 | | | 2,000,000 | | | | 1,966,656 | |
Total | | | | | | | | | | | 7,947,280 | |
| | | | | | | | | | | | |
Airlines 0.33% | | | | | | | | | | | | |
American Airlines, Inc.† | | 7.25% | | 2/15/2028 | | | 624,000 | | | | 634,186 | |
British Airways Pass-Through Trust Class A (United Kingdom)†(c) | | 4.25% | | 5/15/2034 | | | 1,010,413 | | | | 944,856 | |
VistaJet Malta Finance PLC/Vista Management Holding, Inc. (Malta)†(c) | | 7.875% | | 5/1/2027 | | | 656,000 | | | | 555,291 | |
Total | | | | | | | | | | | 2,134,333 | |
| | | | | | | | | | | | |
Apparel 0.25% | | | | | | | | | | | | |
Tapestry, Inc. | | 7.35% | | 11/27/2028 | | | 1,522,000 | | | | 1,604,639 | |
112 | See Notes to Schedule of Investments. | |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – TOTAL RETURN PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Auto Manufacturers 0.97% | | | | | | | | | | | | |
Ford Motor Credit Co. LLC | | 3.375% | | 11/13/2025 | | $ | 798,000 | | | $ | 768,102 | |
Ford Motor Credit Co. LLC | | 4.134% | | 8/4/2025 | | | 732,000 | | | | 715,711 | |
Ford Motor Credit Co. LLC | | 6.125% | | 3/8/2034 | | | 1,316,000 | | | | 1,323,857 | |
Hyundai Capital America† | | 1.80% | | 10/15/2025 | | | 1,025,000 | | | | 969,224 | |
Hyundai Capital America† | | 5.40% | | 1/8/2031 | | | 934,000 | | | | 938,408 | |
Hyundai Capital America† | | 5.80% | | 6/26/2025 | | | 711,000 | | | | 712,869 | |
JB Poindexter & Co., Inc.† | | 8.75% | | 12/15/2031 | | | 742,000 | | | | 767,882 | |
Total | | | | | | | | | | | 6,196,053 | |
| | | | | | | | | | | | |
Banks 12.53% | | | | | | | | | | | | |
ABN AMRO Bank NV (Netherlands)†(c) | | 3.324% (5 yr. CMT + 1.90% | )# | 3/13/2037 | | | 800,000 | | | | 651,013 | |
Bank of America Corp. | | 2.087% (SOFR + 1.06% | )# | 6/14/2029 | | | 3,203,000 | | | | 2,831,357 | |
Bank of America Corp. | | 3.97% (3 mo. USD Term SOFR + 1.33% | )# | 3/5/2029 | | | 3,996,000 | | | | 3,820,912 | |
Bank of New York Mellon Corp. | | 4.967% (SOFR + 1.61% | )# | 4/26/2034 | | | 1,059,000 | | | | 1,039,993 | |
BankUnited, Inc. | | 5.125% | | 6/11/2030 | | | 1,140,000 | | | | 1,058,492 | |
Barclays PLC (United Kingdom)(c) | | 3.932% (3 mo. USD LIBOR + 1.61% | )# | 5/7/2025 | | | 2,200,000 | | | | 2,195,580 | |
BBVA Bancomer SA† | | 8.125% (5 yr. CMT + 4.21% | )# | 1/8/2039 | | | 1,150,000 | | | | 1,192,200 | |
BNP Paribas SA (France)†(c) | | 2.219% (SOFR + 2.07% | )# | 6/9/2026 | | | 1,914,000 | | | | 1,841,019 | |
BNP Paribas SA (France)†(c) | | 4.375% (5 yr. USD Swap + 1.48% | )# | 3/1/2033 | | | 1,296,000 | | | | 1,230,096 | |
BNP Paribas SA (France)†(c) | | 5.738% (SOFR + 1.88% | )# | 2/20/2035 | | | 1,217,000 | | | | 1,226,033 | |
Citigroup, Inc. | | 3.887% (3 mo. USD Term SOFR + 1.82% | )# | 1/10/2028 | | | 2,186,000 | | | | 2,108,546 | |
Citigroup, Inc. | | 3.98% (3 mo. USD Term SOFR + 1.60% | )# | 3/20/2030 | | | 4,576,000 | | | | 4,313,100 | |
Citigroup, Inc. | | 4.14% (SOFR + 1.37% | )# | 5/24/2025 | | | 605,000 | | | | 603,321 | |
Citigroup, Inc. | | 5.827% (SOFR + 2.06% | )# | 2/13/2035 | | | 1,622,000 | | | | 1,606,537 | |
Citizens Bank NA | | 4.119% (SOFR + 1.40% | )# | 5/23/2025 | | | 1,375,000 | | | | 1,369,695 | |
Danske Bank AS (Denmark)†(c) | | 6.466% (1 yr. CMT + 2.10% | )# | 1/9/2026 | | | 1,570,000 | | | | 1,576,018 | |
| See Notes to Schedule of Investments. | 113 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – TOTAL RETURN PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Banks (continued) | | | | | | | | | | | | |
First-Citizens Bank & Trust Co. | | 2.969% (3 mo. USD Term SOFR + 1.72% | )# | 9/27/2025 | | $ | 1,271,000 | | | $ | 1,244,691 | |
Freedom Mortgage Corp.† | | 12.25% | | 10/1/2030 | | | 556,000 | | | | 612,058 | |
Intesa Sanpaolo SpA (Italy)†(c) | | 6.625% | | 6/20/2033 | | | 1,782,000 | | | | 1,850,570 | |
JPMorgan Chase & Co. | | 3.54% (3 mo. USD Term SOFR + 1.64% | )# | 5/1/2028 | | | 1,436,000 | | | | 1,372,207 | |
JPMorgan Chase & Co. | | 3.845% (SOFR + 0.98% | )# | 6/14/2025 | | | 2,186,000 | | | | 2,176,573 | |
M&T Bank Corp. | | 5.053% (SOFR + 1.85% | )# | 1/27/2034 | | | 978,000 | | | | 909,818 | |
Macquarie Bank Ltd. (Australia)†(c) | | 3.624% | | 6/3/2030 | | | 516,000 | | | | 459,225 | |
Macquarie Group Ltd. (Australia)†(c) | | 2.691% (SOFR + 1.44% | )# | 6/23/2032 | | | 2,044,000 | | | | 1,704,182 | |
Macquarie Group Ltd. (Australia)†(c) | | 4.654% (3 mo. USD LIBOR + 1.73% | )# | 3/27/2029 | | | 1,931,000 | | | | 1,886,547 | |
Mitsubishi UFJ Financial Group, Inc. (Japan)(c) | | 5.541% (1 yr. CMT + 1.50% | )# | 4/17/2026 | | | 760,000 | | | | 760,022 | |
Morgan Stanley | | 4.21% (SOFR + 1.61% | )# | 4/20/2028 | | | 912,000 | | | | 886,541 | |
Morgan Stanley | | 4.431% (3 mo. USD Term SOFR + 1.89% | )# | 1/23/2030 | | | 5,916,000 | | | | 5,731,313 | |
Morgan Stanley | | 5.297% (SOFR + 2.62% | )# | 4/20/2037 | | | 907,000 | | | | 870,808 | |
NatWest Group PLC (United Kingdom)(c) | | 5.808% (1 yr. CMT + 1.95% | )# | 9/13/2029 | | | 808,000 | | | | 820,857 | |
NatWest Group PLC (United Kingdom)(c) | | 7.472% (1 yr. CMT + 2.85% | )# | 11/10/2026 | | | 1,205,000 | | | | 1,238,282 | |
Royal Bank of Canada (Canada)(c) | | 6.00% | | 11/1/2027 | | | 1,456,000 | | | | 1,505,470 | |
Truist Financial Corp. | | 5.711% (SOFR + 1.92% | )# | 1/24/2035 | | | 1,332,000 | | | | 1,338,373 | |
U.S. Bancorp | | 4.839% (SOFR + 1.60% | )# | 2/1/2034 | | | 1,407,000 | | | | 1,336,727 | |
U.S. Bancorp | | 4.967% (SOFR + 2.11% | )# | 7/22/2033 | | | 2,235,000 | | | | 2,114,000 | |
U.S. Bancorp | | 5.678% (SOFR + 1.86% | )# | 1/23/2035 | | | 1,349,000 | | | | 1,362,694 | |
UBS AG (Switzerland)(c) | | 5.125% | | 5/15/2024 | | | 1,399,000 | | | | 1,396,207 | |
UBS Group AG (Switzerland)†(c) | | 1.364% (1 yr. CMT + 1.08% | )# | 1/30/2027 | | | 1,127,000 | | | | 1,043,359 | |
UBS Group AG (Switzerland)†(c) | | 1.494% (1 yr. CMT + 0.85% | )# | 8/10/2027 | | | 1,717,000 | | | | 1,561,783 | |
114 | See Notes to Schedule of Investments. | |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – TOTAL RETURN PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Banks (continued) | | | | | | | | | | | | |
UBS Group AG (Switzerland)†(c) | | 4.703% (1 yr. CMT + 2.05% | )# | 8/5/2027 | | $ | 869,000 | | | $ | 852,939 | |
UBS Group AG (Switzerland)†(c) | | 4.988% (1 yr. CMT + 2.40% | )# | 8/5/2033 | | | 1,507,000 | | | | 1,449,371 | |
UBS Group AG (Switzerland)†(c) | | 6.327% (1 yr. CMT + 1.60% | )# | 12/22/2027 | | | 662,000 | | | | 676,491 | |
UBS Group AG (Switzerland)†(c) | | 6.373% (SOFR + 3.34% | )# | 7/15/2026 | | | 2,400,000 | | | | 2,417,664 | |
UBS Group AG (Switzerland)†(c) | | 6.442% (SOFR + 3.70% | )# | 8/11/2028 | | | 2,000,000 | | | | 2,059,885 | |
Wachovia Corp. | | 7.574% | (d) | 8/1/2026 | | | 660,000 | | | | 691,266 | |
Wells Fargo & Co. | | 2.188% (SOFR + 2.00% | )# | 4/30/2026 | | | 1,422,000 | | | | 1,369,776 | |
Wells Fargo & Co. | | 2.393% (SOFR + 2.10% | )# | 6/2/2028 | | | 3,925,000 | | | | 3,593,630 | |
Wells Fargo & Co. | | 2.406% (3 mo. USD Term SOFR + 1.09% | )# | 10/30/2025 | | | 1,573,000 | | | | 1,543,250 | |
Wells Fargo & Co. | | 3.584% (3 mo. USD Term SOFR + 1.57% | )# | 5/22/2028 | | | 1,873,000 | | | | 1,781,262 | |
Wells Fargo & Co. | | 5.389% (SOFR + 2.02% | )# | 4/24/2034 | | | 412,000 | | | | 409,579 | |
Yapi ve Kredi Bankasi AS (Turkey)†(c) | | 9.25% (5 yr. CMT + 5.28% | )# | 1/17/2034 | | | 475,000 | | | | 489,307 | |
Total | | | | | | | | | | | 80,180,639 | |
| | | | | | | | | | | | |
Beverages 0.35% | | | | | | | | | | | | |
Bacardi Ltd./Bacardi-Martini BV† | | 5.40% | | 6/15/2033 | | | 1,259,000 | | | | 1,249,762 | |
Constellation Brands, Inc. | | 4.80% | | 1/15/2029 | | | 1,008,000 | | | | 999,937 | |
Total | | | | | | | | | | | 2,249,699 | |
| | | | | | | | | | | | |
Biotechnology 0.06% | | | | | | | | | | | | |
Baxalta, Inc. | | 4.00% | | 6/23/2025 | | | 375,000 | | | | 369,029 | |
| | | | | | | | | | | | |
Building Materials 0.20% | | | | | | | | | | | | |
Smyrna Ready Mix Concrete LLC† | | 6.00% | | 11/1/2028 | | | 631,000 | | | | 617,485 | |
Standard Industries, Inc.† | | 4.375% | | 7/15/2030 | | | 719,000 | | | | 646,554 | |
Total | | | | | | | | | | | 1,264,039 | |
| | | | | | | | | | | | |
Chemicals 0.87% | | | | | | | | | | | | |
Celanese U.S. Holdings LLC | | 6.05% | | 3/15/2025 | | | 2,042,000 | | | | 2,046,441 | |
CVR Partners LP/CVR Nitrogen Finance Corp.† | | 6.125% | | 6/15/2028 | | | 649,000 | | | | 624,364 | |
International Flavors & Fragrances, Inc.† | | 1.23% | | 10/1/2025 | | | 2,351,000 | | | | 2,201,312 | |
| See Notes to Schedule of Investments. | 115 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – TOTAL RETURN PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Chemicals (continued) | | | | | | | | | | | | |
Rain Carbon, Inc.† | | 12.25% | | 9/1/2029 | | $ | 645,000 | | | $ | 669,876 | |
Rain CII Carbon LLC/CII Carbon Corp.† | | 7.25% | | 4/1/2025 | | | 14,000 | | | | 13,718 | |
Total | | | | | | | | | | | 5,555,711 | |
| | | | | | | | | | | | |
Coal 0.10% | | | | | | | | | | | | |
SunCoke Energy, Inc.† | | 4.875% | | 6/30/2029 | | | 698,000 | | | | 632,701 | |
| | | | | | | | | | | | |
Commercial Services 0.75% | | | | | | | | | | | | |
Adani Ports & Special Economic Zone Ltd. (India)(c) | | 4.00% | | 7/30/2027 | | | 670,000 | | | | 615,467 | |
Allied Universal Holdco LLC† | | 7.875% | | 2/15/2031 | | | 638,000 | | | | 646,962 | |
Allied Universal Holdco LLC/Allied Universal Finance Corp.† | | 6.00% | | 6/1/2029 | | | 749,000 | | | | 645,308 | |
ERAC USA Finance LLC† | | 5.00% | | 2/15/2029 | | | 1,355,000 | | | | 1,358,051 | |
Global Payments, Inc. | | 4.95% | | 8/15/2027 | | | 1,579,000 | | | | 1,567,281 | |
Total | | | | | | | | | | | 4,833,069 | |
| | | | | | | | | | | | |
Computers 0.28% | | | | | | | | | | | | |
Leidos, Inc. | | 5.75% | | 3/15/2033 | | | 825,000 | | | | 846,089 | |
McAfee Corp.† | | 7.375% | | 2/15/2030 | | | 1,005,000 | | | | 922,732 | |
Total | | | | | | | | | | | 1,768,821 | |
| | | | | | | | | | | | |
Diversified Financial Services 2.22% | | | | | | | | | | | | |
Aircastle Ltd.† | | 2.85% | | 1/26/2028 | | | 1,114,000 | | | | 1,000,642 | |
Aviation Capital Group LLC† | | 1.95% | | 1/30/2026 | | | 812,000 | | | | 758,319 | |
Aviation Capital Group LLC† | | 5.50% | | 12/15/2024 | | | 1,928,000 | | | | 1,921,086 | |
Aviation Capital Group LLC† | | 6.375% | | 7/15/2030 | | | 1,471,000 | | | | 1,515,786 | |
Avolon Holdings Funding Ltd. (Ireland)†(c) | | 2.125% | | 2/21/2026 | | | 3,181,000 | | | | 2,965,021 | |
Avolon Holdings Funding Ltd. (Ireland)†(c) | | 4.25% | | 4/15/2026 | | | 1,300,000 | | | | 1,255,170 | |
Capital One Financial Corp. | | 5.70% (SOFR + 1.91% | )# | 2/1/2030 | | | 880,000 | | | | 887,709 | |
GGAM Finance Ltd. (Ireland)†(c) | | 8.00% | | 2/15/2027 | | | 608,000 | | | | 628,152 | |
LPL Holdings, Inc.† | | 4.00% | | 3/15/2029 | | | 1,291,000 | | | | 1,187,700 | |
Navient Corp. | | 4.875% | | 3/15/2028 | | | 685,000 | | | | 639,082 | |
Neuberger Berman Group LLC/Neuberger Berman Finance Corp.† | | 4.50% | | 3/15/2027 | | | 913,000 | | | | 886,021 | |
Neuberger Berman Group LLC/Neuberger Berman Finance Corp.† | | 4.875% | | 4/15/2045 | | | 677,000 | | | | 549,835 | |
Total | | | | | | | | | | | 14,194,523 | |
| | | | | | | | | | | | |
Electric 3.76% | | | | | | | | | | | | |
AES Corp.† | | 3.95% | | 7/15/2030 | | | 1,138,000 | | | | 1,038,112 | |
Alfa Desarrollo SpA (Chile)†(c) | | 4.55% | | 9/27/2051 | | | 1,184,563 | | | | 906,105 | |
116 | See Notes to Schedule of Investments. | |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – TOTAL RETURN PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Electric (continued) | | | | | | | | | | | | |
Appalachian Power Co. | | 5.65% | | 4/1/2034 | | $ | 1,003,000 | | | $ | 1,012,734 | |
Ausgrid Finance Pty. Ltd. (Australia)†(c) | | 4.35% | | 8/1/2028 | | | 1,320,000 | | | | 1,269,341 | |
Constellation Energy Generation LLC | | 6.25% | | 10/1/2039 | | | 1,303,000 | | | | 1,373,756 | |
Electricite de France SA (France)†(c) | | 6.25% | | 5/23/2033 | | | 1,871,000 | | | | 1,961,837 | |
Entergy Louisiana LLC | | 5.70% | | 3/15/2054 | | | 960,000 | | | | 977,358 | |
Indianapolis Power & Light Co.† | | 5.65% | | 12/1/2032 | | | 1,762,000 | | | | 1,796,841 | |
IPALCO Enterprises, Inc.† | | 5.75% | | 4/1/2034 | | | 870,000 | | | | 867,763 | |
Minejesa Capital BV (Netherlands)†(c) | | 4.625% | | 8/10/2030 | | | 1,049,744 | | | | 998,914 | |
Minejesa Capital BV (Netherlands)(c) | | 5.625% | | 8/10/2037 | | | 406,000 | | | | 369,689 | |
Narragansett Electric Co.† | | 5.35% | | 5/1/2034 | | | 1,005,000 | | | | 1,015,241 | |
National Grid PLC (United Kingdom)(c) | | 5.809% | | 6/12/2033 | | | 1,858,000 | | | | 1,899,248 | |
NextEra Energy Operating Partners LP† | | 7.25% | | 1/15/2029 | | | 736,000 | | | | 753,909 | |
NRG Energy, Inc.† | | 4.45% | | 6/15/2029 | | | 537,000 | | | | 508,122 | |
Oncor Electric Delivery Co. LLC | | 5.65% | | 11/15/2033 | | | 1,183,000 | | | | 1,231,363 | |
Southern Co. | | 4.475% | (d) | 8/1/2024 | | | 2,400,000 | | | | 2,388,305 | |
Vistra Operations Co. LLC† | | 3.55% | | 7/15/2024 | | | 3,061,000 | | | | 3,039,277 | |
Vistra Operations Co. LLC† | | 7.75% | | 10/15/2031 | | | 591,000 | | | | 619,374 | |
Total | | | | | | | | | | | 24,027,289 | |
| | | | | | | | | | | | |
Energy-Alternate Sources 0.15% | | | | | | | | | | | | |
Greenko Dutch BV (Netherlands)†(c) | | 3.85% | | 3/29/2026 | | | 1,043,400 | | | | 982,778 | |
| | | | | | | | | | | | |
Engineering & Construction 0.43% | | | | | | | | | | | | |
Cellnex Finance Co. SA (Spain)†(c) | | 3.875% | | 7/7/2041 | | | 1,687,000 | | | | 1,325,171 | |
IRB Infrastructure Developers Ltd. (India)†(c) | | 7.11% | | 3/11/2032 | | | 776,000 | | | | 787,640 | |
Weekley Homes LLC/Weekley Finance Corp.† | | 4.875% | | 9/15/2028 | | | 690,000 | | | | 638,632 | |
Total | | | | | | | | | | | 2,751,443 | |
| | | | | | | | | | | | |
Entertainment 0.35% | | | | | | | | | | | | |
Cinemark USA, Inc.† | | 5.875% | | 3/15/2026 | | | 531,000 | | | | 524,648 | |
Jacobs Entertainment, Inc.† | | 6.75% | | 2/15/2029 | | | 609,000 | | | | 592,128 | |
Warnermedia Holdings, Inc. | | 3.788% | | 3/15/2025 | | | 1,114,000 | | | | 1,093,577 | |
Total | | | | | | | | | | | 2,210,353 | |
| | | | | | | | | | | | |
Environmental Control 0.10% | | | | | | | | | | | | |
Veralto Corp.† | | 5.45% | | 9/18/2033 | | | 641,000 | | | | 649,302 | |
| | | | | | | | | | | | |
Food 0.10% | | | | | | | | | | | | |
NBM U.S. Holdings, Inc. | | 7.00% | | 5/14/2026 | | | 611,000 | | | | 613,822 | |
| See Notes to Schedule of Investments. | 117 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – TOTAL RETURN PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Gas 0.66% | | | | | | | | | | | | |
CenterPoint Energy Resources Corp. | | 4.40% | | 7/1/2032 | | $ | 1,443,000 | | | $ | 1,374,515 | |
National Fuel Gas Co. | | 5.50% | | 1/15/2026 | | | 1,622,000 | | | | 1,620,481 | |
Southwest Gas Corp. | | 4.05% | | 3/15/2032 | | | 1,373,000 | | | | 1,261,106 | |
Total | | | | | | | | | | | 4,256,102 | |
| | | | | | | | | | | | |
Hand/Machine Tools 0.21% | | | | | | | | | | | | |
Regal Rexnord Corp.† | | 6.05% | | 2/15/2026 | | | 1,336,000 | | | | 1,343,605 | |
| | | | | | | | | | | | |
Health Care-Products 1.04% | | | | | | | | | | | | |
GE HealthCare Technologies, Inc. | | 5.65% | | 11/15/2027 | | | 2,613,000 | | | | 2,661,794 | |
Revvity, Inc. | | 0.85% | | 9/15/2024 | | | 1,605,000 | | | | 1,567,999 | |
Solventum Corp.† | | 5.45% | | 3/13/2031 | | | 1,284,000 | | | | 1,281,113 | |
Solventum Corp.† | | 5.60% | | 3/23/2034 | | | 1,160,000 | | | | 1,164,313 | |
Total | | | | | | | | | | | 6,675,219 | |
| | | | | | | | | | | | |
Health Care-Services 1.69% | | | | | | | | | | | | |
Centene Corp. | | 2.45% | | 7/15/2028 | | | 2,405,000 | | | | 2,135,132 | |
Centene Corp. | | 3.375% | | 2/15/2030 | | | 2,313,000 | | | | 2,048,327 | |
Centene Corp. | | 4.25% | | 12/15/2027 | | | 869,000 | | | | 829,225 | |
CHS/Community Health Systems, Inc.† | | 5.25% | | 5/15/2030 | | | 1,132,000 | | | | 924,032 | |
DaVita, Inc.† | | 4.625% | | 6/1/2030 | | | 708,000 | | | | 634,328 | |
Humana, Inc. | | 1.35% | | 2/3/2027 | | | 1,608,000 | | | | 1,448,854 | |
Humana, Inc. | | 5.875% | | 3/1/2033 | | | 280,000 | | | | 289,054 | |
LifePoint Health, Inc.† | | 9.875% | | 8/15/2030 | | | 586,000 | | | | 613,713 | |
Molina Healthcare, Inc.† | | 4.375% | | 6/15/2028 | | | 640,000 | | | | 602,124 | |
UnitedHealth Group, Inc. | | 5.375% | | 4/15/2054 | | | 1,284,000 | | | | 1,306,866 | |
Total | | | | | | | | | | | 10,831,655 | |
| | | | | | | | | | | | |
Insurance 0.72% | | | | | | | | | | | | |
Assurant, Inc. | | 2.65% | | 1/15/2032 | | | 595,000 | | | | 489,243 | |
GA Global Funding Trust† | | 3.85% | | 4/11/2025 | | | 1,689,000 | | | | 1,657,868 | |
Howden U.K. Refinance PLC/Howden U.K. Refinance 2 PLC/Howden U.S. Refinance LLC (United Kingdom)†(c) | | 7.25% | | 2/15/2031 | | | 708,000 | | | | 711,407 | |
HUB International Ltd.† | | 7.375% | | 1/31/2032 | | | 493,000 | | | | 496,628 | |
Metropolitan Life Global Funding I† | | 4.05% | | 8/25/2025 | | | 252,000 | | | | 248,008 | |
New York Life Global Funding† | | 4.55% | | 1/28/2033 | | | 1,027,000 | | | | 991,805 | |
Total | | | | | | | | | | | 4,594,959 | |
118 | See Notes to Schedule of Investments. | |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – TOTAL RETURN PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Internet 0.38% | | | | | | | | | | | | |
EquipmentShare.com, Inc.† | | 9.00% | | 5/15/2028 | | $ | 895,000 | | | $ | 922,961 | |
Prosus NV (Netherlands)†(c) | | 3.257% | | 1/19/2027 | | | 1,660,000 | | | | 1,539,283 | |
Total | | | | | | | | | | | 2,462,244 | |
| | | | | | | | | | | | |
Leisure Time 0.26% | | | | | | | | | | | | |
Carnival Corp.† | | 6.00% | | 5/1/2029 | | | 634,000 | | | | 625,970 | |
Royal Caribbean Cruises Ltd.† | | 6.25% | | 3/15/2032 | | | 411,000 | | | | 414,533 | |
Royal Caribbean Cruises Ltd.† | | 7.25% | | 1/15/2030 | | | 583,000 | | | | 606,137 | |
Total | | | | | | | | | | | 1,646,640 | |
| | | | | | | | | | | | |
Lodging 0.30% | | | | | | | | | | | | |
Genting New York LLC/GENNY Capital, Inc.† | | 3.30% | | 2/15/2026 | | | 669,000 | | | | 642,154 | |
MGM China Holdings Ltd. (Macau)(c) | | 4.75% | | 2/1/2027 | | | 650,000 | | | | 619,774 | |
Wynn Macau Ltd. (Macau)†(c) | | 5.625% | | 8/26/2028 | | | 670,000 | | | | 636,514 | |
Total | | | | | | | | | | | 1,898,442 | |
| | | | | | | | | | | | |
Machinery-Diversified 0.36% | | | | | | | | | | | | |
nVent Finance SARL (Luxembourg)(c) | | 4.55% | | 4/15/2028 | | | 2,361,000 | | | | 2,296,317 | |
| | | | | | | | | | | | |
Media 0.78% | | | | | | | | | | | | |
CCO Holdings LLC/CCO Holdings Capital Corp.† | | 4.75% | | 3/1/2030 | | | 700,000 | | | | 601,486 | |
CSC Holdings LLC† | | 11.75% | | 1/31/2029 | | | 618,000 | | | | 619,350 | |
Directv Financing LLC/Directv Financing Co.-Obligor, Inc.† | | 5.875% | | 8/15/2027 | | | 658,000 | | | | 622,903 | |
FactSet Research Systems, Inc. | | 3.45% | | 3/1/2032 | | | 2,105,000 | | | | 1,860,422 | |
Globo Comunicacao e Participacoes SA (Brazil)†(c) | | 4.875% | | 1/22/2030 | | | 750,000 | | | | 656,682 | |
Gray Television, Inc.† | | 7.00% | | 5/15/2027 | | | 680,000 | | | | 632,979 | |
Total | | | | | | | | | | | 4,993,822 | |
| | | | | | | | | | | | |
Mining 0.70% | | | | | | | | | | | | |
FMG Resources August 2006 Pty. Ltd. (Australia)†(c) | | 4.375% | | 4/1/2031 | | | 701,000 | | | | 626,992 | |
Freeport Indonesia PT (Indonesia)(c) | | 6.20% | | 4/14/2052 | | | 690,000 | | | | 686,480 | |
Glencore Funding LLC† | | 4.875% | | 3/12/2029 | | | 1,115,000 | | | | 1,098,014 | |
Glencore Funding LLC†(a) | | 5.634% | | 4/4/2034 | | | 1,449,000 | | | | 1,453,637 | |
Glencore Funding LLC† | | 6.375% | | 10/6/2030 | | | 570,000 | | | | 601,833 | |
Total | | | | | | | | | | | 4,466,956 | |
| | | | | | | | | | | | |
Miscellaneous Manufacturing 0.10% | | | | | | | | | | | | |
LSB Industries, Inc.† | | 6.25% | | 10/15/2028 | | | 646,000 | | | | 622,393 | |
| | | | | | | | | | | | |
Multi-National 0.71% | | | | | | | | | | | | |
Inter-American Investment Corp. | | 4.25% | | 2/14/2029 | | | 4,583,000 | | | | 4,539,497 | |
| See Notes to Schedule of Investments. | 119 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – TOTAL RETURN PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Oil & Gas 4.35% | | | | | | | | | | | | |
Antero Resources Corp.† | | 7.625% | | 2/1/2029 | | $ | 1,160,000 | | | $ | 1,192,339 | |
Apache Corp. | | 4.25% | | 1/15/2030 | | | 709,000 | | | | 657,043 | |
Baytex Energy Corp. (Canada)†(c) | | 8.50% | | 4/30/2030 | | | 838,000 | | | | 875,771 | |
CITGO Petroleum Corp.† | | 8.375% | | 1/15/2029 | | | 618,000 | | | | 649,834 | |
Civitas Resources, Inc.† | | 8.375% | | 7/1/2028 | | | 884,000 | | | | 931,702 | |
CNX Resources Corp.† | | 6.00% | | 1/15/2029 | | | 645,000 | | | | 632,132 | |
Comstock Resources, Inc.† | | 6.75% | | 3/1/2029 | | | 968,000 | | | | 923,997 | |
Continental Resources, Inc.† | | 5.75% | | 1/15/2031 | | | 4,100,000 | | | | 4,078,214 | |
Cosan Luxembourg SA (Luxembourg)†(c) | | 7.25% | | 6/27/2031 | | | 545,000 | | | | 556,955 | |
Coterra Energy, Inc. | | 5.60% | | 3/15/2034 | | | 1,563,000 | | | | 1,575,362 | |
Crescent Energy Finance LLC† | | 9.25% | | 2/15/2028 | | | 876,000 | | | | 925,696 | |
Diamond Foreign Asset Co./Diamond Finance LLC (Cayman Islands)†(c) | | 8.50% | | 10/1/2030 | | | 592,000 | | | | 625,231 | |
Ecopetrol SA (Colombia)(c) | | 8.375% | | 1/19/2036 | | | 947,000 | | | | 956,512 | |
EQT Corp. | | 5.75% | | 2/1/2034 | | | 983,000 | | | | 980,370 | |
EQT Corp. | | 7.00% | | 2/1/2030 | | | 3,141,000 | | | | 3,339,530 | |
Occidental Petroleum Corp. | | 6.625% | | 9/1/2030 | | | 2,364,000 | | | | 2,507,164 | |
Ovintiv, Inc. | | 6.50% | | 2/1/2038 | | | 1,193,000 | | | | 1,244,183 | |
Patterson-UTI Energy, Inc. | | 3.95% | | 2/1/2028 | | | 507,000 | | | | 479,523 | |
Petroleos Mexicanos (Mexico)(c) | | 6.70% | | 2/16/2032 | | | 1,540,000 | | | | 1,281,692 | |
Rockcliff Energy II LLC† | | 5.50% | | 10/15/2029 | | | 661,000 | | | | 619,169 | |
Transocean, Inc.† | | 8.00% | | 2/1/2027 | | | 922,000 | | | | 915,781 | |
Valaris Ltd.† | | 8.375% | | 4/30/2030 | | | 591,000 | | | | 610,138 | |
Vital Energy, Inc.† | | 7.875% | | 4/15/2032 | | | 640,000 | | | | 650,658 | |
Vital Energy, Inc. | | 10.125% | | 1/15/2028 | | | 577,000 | | | | 605,867 | |
Total | | | | | | | | | | | 27,814,863 | |
| | | | | | | | | | | | |
Oil & Gas Services 0.10% | | | | | | | | | | | | |
Kodiak Gas Services LLC† | | 7.25% | | 2/15/2029 | | | 627,000 | | | | 639,072 | |
| | | | | | | | | | | | |
Packaging & Containers 0.34% | | | | | | | | | | | | |
Clydesdale Acquisition Holdings, Inc.† | | 8.75% | | 4/15/2030 | | | 975,000 | | | | 958,995 | |
LABL, Inc.† | | 9.50% | | 11/1/2028 | | | 575,000 | | | | 582,363 | |
Mauser Packaging Solutions Holding Co.† | | 9.25% | | 4/15/2027 | | | 632,000 | | | | 627,680 | |
Total | | | | | | | | | | | 2,169,038 | |
| | | | | | | | | | | | |
Pharmaceuticals 0.97% | | | | | | | | | | | | |
Bayer U.S. Finance LLC† | | 6.375% | | 11/21/2030 | | | 1,065,000 | | | | 1,089,548 | |
Cigna Group | | 2.40% | | 3/15/2030 | | | 611,000 | | | | 527,935 | |
CVS Health Corp. | | 1.75% | | 8/21/2030 | | | 1,631,000 | | | | 1,340,451 | |
120 | See Notes to Schedule of Investments. | |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – TOTAL RETURN PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Pharmaceuticals (continued) | | | | | | | | | | | | |
CVS Health Corp. | | 3.25% | | 8/15/2029 | | $ | 3,378,000 | | | $ | 3,099,816 | |
CVS Health Corp. | | 5.05% | | 3/25/2048 | | | 151,000 | | | | 137,226 | |
Total | | | | | | | | | | | 6,194,976 | |
| | | | | | | | | | | | |
Pipelines 2.25% | | �� | | | | | | | | | | |
Cheniere Energy Partners LP | | 3.25% | | 1/31/2032 | | | 692,000 | | | | 590,016 | |
Columbia Pipeline Group, Inc. | | 4.50% | | 6/1/2025 | | | 845,000 | | | | 833,338 | |
Eastern Gas Transmission & Storage, Inc. | | 3.00% | | 11/15/2029 | | | 846,000 | | | | 757,185 | |
EIG Pearl Holdings SARL (Luxembourg)†(c) | | 3.545% | | 8/31/2036 | | | 1,650,000 | | | | 1,412,212 | |
Enbridge, Inc. (Canada)(c) | | 6.20% | | 11/15/2030 | | | 657,000 | | | | 696,441 | |
Enbridge, Inc. (Canada)(c) | | 8.50% (5 yr. CMT + 4.43% | )# | 1/15/2084 | | | 1,449,000 | | | | 1,578,012 | |
EQM Midstream Partners LP† | | 7.50% | | 6/1/2030 | | | 580,000 | | | | 620,522 | |
Galaxy Pipeline Assets Bidco Ltd. (United Arab Emirates)†(c) | | 3.25% | | 9/30/2040 | | | 1,813,000 | | | | 1,384,969 | |
Genesis Energy LP/Genesis Energy Finance Corp. | | 8.25% | | 1/15/2029 | | | 607,000 | | | | 623,657 | |
Kinder Morgan Energy Partners LP | | 4.25% | | 9/1/2024 | | | 1,360,000 | | | | 1,351,423 | |
NGL Energy Operating LLC/NGL Energy Finance Corp.† | | 8.375% | | 2/15/2032 | | | 799,000 | | | | 819,592 | |
NGPL PipeCo LLC† | | 3.25% | | 7/15/2031 | | | 1,170,000 | | | | 1,000,293 | |
Sabine Pass Liquefaction LLC | | 5.625% | | 3/1/2025 | | | 1,512,000 | | | | 1,511,064 | |
Venture Global LNG, Inc.† | | 8.375% | | 6/1/2031 | | | 1,159,000 | | | | 1,195,965 | |
Total | | | | | | | | | | | 14,374,689 | |
| | | | | | | | | | | | |
REITS 1.56% | | | | | | | | | | | | |
American Tower Corp. | | 2.40% | | 3/15/2025 | | | 949,000 | | | | 920,245 | |
American Tower Corp. | | 2.95% | | 1/15/2025 | | | 497,000 | | | | 486,549 | |
American Tower Corp. | | 3.80% | | 8/15/2029 | | | 2,150,000 | | | | 2,007,229 | |
Crown Castle, Inc. | | 2.10% | | 4/1/2031 | | | 1,001,000 | | | | 810,677 | |
Crown Castle, Inc. | | 3.30% | | 7/1/2030 | | | 2,928,000 | | | | 2,604,180 | |
EPR Properties | | 4.50% | | 6/1/2027 | | | 522,000 | | | | 497,026 | |
EPR Properties | | 4.95% | | 4/15/2028 | | | 732,000 | | | | 697,276 | |
Iron Mountain Information Management Services, Inc.† | | 5.00% | | 7/15/2032 | | | 697,000 | | | | 637,247 | |
VICI Properties LP | | 6.125% | | 4/1/2054 | | | 479,000 | | | | 472,933 | |
VICI Properties LP/VICI Note Co., Inc.† | | 4.625% | | 12/1/2029 | | | 910,000 | | | | 861,178 | |
Total | | | | | | | | | | | 9,994,540 | |
| | | | | | | | | | | | |
Retail 0.60% | | | | | | | | | | | | |
Alimentation Couche-Tard, Inc. (Canada)†(c) | | 5.267% | | 2/12/2034 | | | 1,293,000 | | | | 1,290,194 | |
Bayer Corp.† | | 6.65% | | 2/15/2028 | | | 670,000 | | | | 690,102 | |
| See Notes to Schedule of Investments. | 121 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – TOTAL RETURN PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Retail (continued) | | | | | | | | | | | | |
Macy’s Retail Holdings LLC† | | 5.875% | | 4/1/2029 | | $ | 636,000 | | | $ | 624,563 | |
PetSmart, Inc./PetSmart Finance Corp.† | | 7.75% | | 2/15/2029 | | | 646,000 | | | | 629,419 | |
Staples, Inc.† | | 7.50% | | 4/15/2026 | | | 635,000 | | | | 620,355 | |
Total | | | | | | | | | | | 3,854,633 | |
| | | | | | | | | | | | |
Semiconductors 0.39% | | | | | | | | | | | | |
Broadcom, Inc.† | | 4.15% | | 4/15/2032 | | | 983,000 | | | | 912,315 | |
Micron Technology, Inc. | | 5.30% | | 1/15/2031 | | | 726,000 | | | | 730,465 | |
SK Hynix, Inc. (South Korea)†(c) | | 5.50% | | 1/16/2029 | | | 872,000 | | | | 870,243 | |
Total | | | | | | | | | | | 2,513,023 | |
| | | | | | | | | | | | |
Software 0.82% | | | | | | | | | | | | |
Cloud Software Group, Inc.† | | 6.50% | | 3/31/2029 | | | 679,000 | | | | 644,908 | |
Cloud Software Group, Inc.† | | 9.00% | | 9/30/2029 | | | 650,000 | | | | 624,047 | |
Oracle Corp. | | 2.875% | | 3/25/2031 | | | 2,024,000 | | | | 1,760,814 | |
Oracle Corp. | | 6.25% | | 11/9/2032 | | | 1,004,000 | | | | 1,074,695 | |
Workday, Inc. | | 3.80% | | 4/1/2032 | | | 1,290,000 | | | | 1,175,300 | |
Total | | | | | | | | | | | 5,279,764 | |
| | | | | | | | | | | | |
Telecommunications 1.21% | | | | | | | | | | | | |
Altice France SA (France)†(c) | | 8.125% | | 2/1/2027 | | | 676,000 | | | | 528,996 | |
AT&T, Inc. | | 4.30% | | 2/15/2030 | | | 1,272,000 | | | | 1,222,793 | |
Frontier Communications Holdings LLC† | | 5.00% | | 5/1/2028 | | | 673,000 | | | | 625,175 | |
Frontier Communications Holdings LLC | | 5.875% | | 11/1/2029 | | | 745,000 | | | | 630,315 | |
Sprint Capital Corp. | | 6.875% | | 11/15/2028 | | | 520,000 | | | | 554,545 | |
T-Mobile USA, Inc. | | 3.875% | | 4/15/2030 | | | 2,682,000 | | | | 2,513,240 | |
T-Mobile USA, Inc. | | 4.85% | | 1/15/2029 | | | 1,650,000 | | | | 1,638,566 | |
Total | | | | | | | | | | | 7,713,630 | |
| | | | | | | | | | | | |
Transportation 0.09% | | | | | | | | | | | | |
Rand Parent LLC† | | 8.50% | | 2/15/2030 | | | 610,000 | | | | 604,952 | |
Total Corporate Bonds (cost $299,034,996) | | | | | | | | | | | 293,909,866 | |
| | | | | | | | | | | | |
FLOATING RATE LOANS(e) 2.43% | | | | | | | | | | | | |
| | | | | | | | | | | | |
Building Materials 0.34% | | | | | | | | | | | | |
Emrld Borrower LP Term Loan B | | – | (f) | 5/31/2030 | | | 1,904,449 | | | | 1,905,877 | |
MI Windows and Doors LLC 2024 Term Loan B2 | | – | (f) | 3/21/2031 | | | 300,000 | | | | 301,782 | |
Total | | | | | | | | | | | 2,207,659 | |
122 | See Notes to Schedule of Investments. | |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – TOTAL RETURN PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Commercial Services 0.15% | | | | | | | | | | | | |
PG Investment Co. 59 SARL Term Loan B (Luxembourg)(c) | | – | (f) | 2/24/2031 | | $ | 950,098 | | | $ | 953,067 | |
| | | | | | | | | | | | |
Diversified Financial Services 0.13% | | | | | | | | | | | | |
Nuvei Technologies Corp. USD Term Loan (Canada)(c) | | – | (f) | 12/19/2030 | | | 843,469 | | | | 846,455 | |
| | | | | | | | | | | | |
Financial 0.10% | | | | | | | | | | | | |
Hudson River Trading LLC 2021 Term Loan | | 8.445% (1 mo. USD Term SOFR + 3.00% | ) | 3/20/2028 | | | 637,357 | | | | 633,973 | |
| | | | | | | | | | | | |
Health Care Services 0.20% | | | | | | | | | | | | |
Star Parent, Inc. Term Loan B | | – | (f) | 9/27/2030 | | | 1,290,000 | | | | 1,283,634 | |
| | | | | | | | | | | | |
Insurance 0.15% | | | | | | | | | | | | |
Asurion LLC 2020 Term Loan B8 | | 8.692% (1 mo. USD Term SOFR + 3.25% | ) | 12/23/2026 | | | 954,633 | | | | 937,583 | |
| | | | | | | | | | | | |
Internet 0.10% | | | | | | | | | | | | |
MH Sub I LLC 2023 Term Loan | | 9.58% (1 mo. USD Term SOFR + 4.25% | ) | 5/3/2028 | | | 642,382 | | | | 639,315 | |
| | | | | | | | | | | | |
Lodging 0.23% | | | | | | | | | | | | |
Hilton Domestic Operating Co., Inc. 2023 Term Loan B3 | | 7.179% (1 mo. USD Term SOFR + 1.75% | ) | 6/21/2028 | | | 1,489,229 | | | | 1,493,592 | |
| | | | | | | | | | | | |
Media 0.49% | | | | | | | | | | | | |
Cengage Learning, Inc. 2024 Term Loan B | | 9.579% (3 mo. USD Term SOFR + 4.25% | ) | 3/15/2031 | | | 766,000 | | | | 766,119 | |
Charter Communications Operating LLC 2019 Term Loan B2 | | 7.076% (1 mo. USD Term SOFR + 1.75% | ) | 2/1/2027 | | | 888,372 | | | | 889,163 | |
Charter Communications Operating LLC 2023 Term Loan B4 | | 7.329% (3 mo. USD Term SOFR + 2.00% | ) | 12/7/2030 | | | 1,490,093 | | | | 1,476,943 | |
Total | | | | | | | | | | | 3,132,225 | |
| | | | | | | | | | | | |
Pipelines 0.30% | | | | | | | | | | | | |
Oryx Midstream Services Permian Basin LLC 2024 Term Loan B | | 8.436% (1 mo. USD Term SOFR + 3.00% | ) | 10/5/2028 | | | 948,343 | | | | 953,004 | |
WhiteWater DBR HoldCo LLC Term Loan B | | – | (f) | 3/3/2031 | | | 949,000 | | | | 951,766 | |
Total | | | | | | | | | | | 1,904,770 | |
| See Notes to Schedule of Investments. | 123 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – TOTAL RETURN PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
Software 0.24% | | | | | | | | | | | | |
AppLovin Corp. 2024 Term Loan (2030) | | – | (f) | 8/16/2030 | | $ | 895,349 | | | $ | 895,908 | |
Cotiviti Corp. 2024 Term Loan | | – | (f) | 2/21/2031 | | | 640,000 | | | | 639,200 | |
Total | | | | | | | | | | | 1,535,108 | |
Total Floating Rate Loans (cost $15,578,415) | | | | | | | | | | | 15,567,381 | |
| | | | | | | | | | | | |
FOREIGN GOVERNMENT OBLIGATIONS(c) 1.67% | | | | | | | | | | | | |
| | | | | | | | | | | | |
Brazil 0.14% | | | | | | | | | | | | |
Brazil Government International Bonds | | 6.125% | | 3/15/2034 | | | 897,000 | | | | 888,664 | |
| | | | | | | | | | | | |
Colombia 0.15% | | | | | | | | | | | | |
Colombia Government International Bonds | | 7.50% | | 2/2/2034 | | | 955,000 | | | | 978,304 | |
| | | | | | | | | | | | |
Japan 0.65% | | | | | | | | | | | | |
Development Bank of Japan, Inc.† | | 1.25% | | 10/20/2026 | | | 2,066,000 | | | | 1,889,148 | |
Japan International Cooperation Agency | | 2.125% | | 10/20/2026 | | | 2,394,000 | | | | 2,238,522 | |
Total | | | | | | | | | | | 4,127,670 | |
| | | | | | | | | | | | |
Mexico 0.23% | | | | | | | | | | | | |
Mexico Government International Bonds | | 4.875% | | 5/19/2033 | | | 1,560,000 | | | | 1,480,635 | |
| | | | | | | | | | | | |
Senegal 0.09% | | | | | | | | | | | | |
Senegal Government International Bonds† | | 6.25% | | 5/23/2033 | | | 640,000 | | | | 547,106 | |
| | | | | | | | | | | | |
Sweden 0.31% | | | | | | | | | | | | |
Svensk Exportkredit AB | | 4.25% | | 2/1/2029 | | | 2,015,000 | | | | 2,000,584 | |
| | | | | | | | | | | | |
Turkey 0.10% | | | | | | | | | | | | |
Turkiye Ihracat Kredi Bankasi AS† | | 7.50% | | 2/6/2028 | | | 642,000 | | | | 645,165 | |
Total Foreign Government Obligations (cost $10,706,316) | | | | | | | | | | | 10,668,128 | |
| | | | | | | | | | | | |
GOVERNMENT SPONSORED ENTERPRISES COLLATERALIZED MORTGAGE OBLIGATIONS 0.57% | | |
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates Series 145 Class A2 | | 2.58% | | 5/25/2032 | | | 1,648,000 | | | | 1,419,284 | |
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates Series G07 Class A2 | | 3.123% | #(g) | 8/25/2032 | | | 2,510,000 | | | | 2,248,118 | |
Total Government Sponsored Enterprises Collateralized Mortgage Obligations (cost $3,691,271) | | 3,667,402 | |
| | | | | | | | | | | | |
GOVERNMENT SPONSORED ENTERPRISES PASS-THROUGHS 21.19% | | |
Federal Home Loan Mortgage Corp. | | 2.00% | | 9/1/2050 | | | 1,877,431 | | | | 1,498,427 | |
Federal Home Loan Mortgage Corp. | | 2.50% | | 11/1/2050 - 7/1/2051 | | | 3,147,463 | | | | 2,643,099 | |
Federal Home Loan Mortgage Corp. | | 3.00% | | 5/1/2050 | | | 2,033,935 | | | | 1,777,980 | |
124 | See Notes to Schedule of Investments. | |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – TOTAL RETURN PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | | Principal Amount | | | | Fair Value | |
GOVERNMENT SPONSORED ENTERPRISES PASS-THROUGHS (continued) | | | | | | | | | | |
Federal Home Loan Mortgage Corp. | | 3.50% | | 2/1/2046 | | $ | 987,030 | | | $ | 909,426 | |
Federal Home Loan Mortgage Corp. | | 4.50% | | 8/1/2052 | | | 2,500,862 | | | | 2,414,385 | |
Federal Home Loan Mortgage Corp. | | 5.00% | | 7/1/2052 - 8/1/2052 | | | 5,353,431 | | | | 5,289,023 | |
Federal National Mortgage Association | | 2.00% | | 6/1/2051 - 11/1/2051 | | | 5,606,663 | | | | 4,478,969 | |
Federal National Mortgage Association | | 2.50% | | 8/1/2050 - 5/1/2052 | | | 27,640,402 | | | | 23,325,604 | |
Federal National Mortgage Association | | 3.00% | | 12/1/2048 - 1/1/2051 | | | 4,378,642 | | | | 3,849,297 | |
Federal National Mortgage Association | | 3.50% | | 7/1/2045 - 4/1/2052 | | | 3,641,998 | | | | 3,315,565 | |
Federal National Mortgage Association | | 4.00% | | 5/1/2052 - 6/1/2052 | | | 4,216,664 | | | | 3,957,520 | |
Federal National Mortgage Association | | 5.00% | | 7/1/2052 - 8/1/2052 | | | 3,746,382 | | | | 3,706,065 | |
Federal National Mortgage Association | | 5.887% (1Yr. RFUCCT + 1.79% | )# | 3/1/2042 | | | 70,138 | | | | 72,391 | |
Government National Mortgage Association(h) | | 2.00% | | TBA | | | 1,644,000 | | | | 1,347,135 | |
Government National Mortgage Association(h) | | 2.50% | | TBA | | | 4,269,000 | | | | 3,639,158 | |
Government National Mortgage Association(h) | | 3.00% | | TBA | | | 8,750,000 | | | | 7,722,462 | |
Government National Mortgage Association(h) | | 3.50% | | TBA | | | 4,552,000 | | | | 4,145,318 | |
Government National Mortgage Association(h) | | 4.00% | | TBA | | | 5,367,000 | | | | 5,023,773 | |
Government National Mortgage Association(h) | | 4.50% | | TBA | | | 5,702,000 | | | | 5,479,537 | |
Government National Mortgage Association(h) | | 5.00% | | TBA | | | 9,675,000 | | | | 9,511,951 | |
Government National Mortgage Association(h) | | 5.50% | | TBA | | | 7,642,000 | | | | 7,632,771 | |
Government National Mortgage Association(h) | | 6.00% | | TBA | | | 4,017,000 | | | | 4,049,442 | |
Government National Mortgage Association(h) | | 6.50% | | TBA | | | 993,000 | | | | 1,008,911 | |
Uniform Mortgage-Backed Security(h) | | 2.00% | | TBA | | | 3,643,000 | | | | 2,885,605 | |
Uniform Mortgage-Backed Security(h) | | 2.50% | | TBA | | | 1,461,000 | | | | 1,208,683 | |
Uniform Mortgage-Backed Security(h) | | 3.00% | | TBA | | | 847,000 | | | | 728,797 | |
Uniform Mortgage-Backed Security(h) | | 4.00% | | TBA | | | 1,506,000 | | | | 1,395,382 | |
Uniform Mortgage-Backed Security(h) | | 5.00% | | TBA | | | 1,600,000 | | | | 1,561,311 | |
Uniform Mortgage-Backed Security(h) | | 5.50% | | TBA | | | 3,840,000 | | | | 3,869,664 | |
Uniform Mortgage-Backed Security(h) | | 6.00% | | TBA | | | 7,398,000 | | | | 7,508,084 | |
Uniform Mortgage-Backed Security(h) | | 6.50% | | TBA | | | 5,885,000 | | | | 6,010,801 | |
Uniform Mortgage-Backed Security(h) | | 7.00% | | TBA | | | 3,513,000 | | | | 3,617,869 | |
Total Government Sponsored Enterprises Pass-Throughs (cost $139,110,690) | | | | | | | | | 135,584,405 | |
| See Notes to Schedule of Investments. | 125 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – TOTAL RETURN PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
NON-AGENCY COMMERCIAL MORTGAGE-BACKED SECURITIES 8.12% | | | | | | | | | | |
Angel Oak Mortgage Trust Series 2020-1 Class A1† | | 2.466% | #(g) | 12/25/2059 | | $ | 52,790 | | | $ | 50,091 | |
Bank Series 2022-BNK44 Class A5 | | 5.745% | #(g) | 11/15/2055 | | | 1,530,000 | | | | 1,612,895 | |
Bank Series 2023-5YR2 Class A3 | | 6.656% | #(g) | 7/15/2056 | | | 760,000 | | | | 802,430 | |
Bank Series 2023-5YR4 Class A3 | | 6.50% | | 12/15/2056 | | | 1,270,000 | | | | 1,339,252 | |
BBCMS Mortgage Trust Series 2019-BWAY Class B† | | 6.75% (1 mo. USD Term SOFR + 1.42% | )# | 11/15/2034 | | | 288,000 | | | | 100,964 | |
Benchmark Mortgage Trust Series 2024-V5 Class A3 | | 5.805 % | | 1/10/2057 | | | 580,000 | | | | 597,765 | |
BHMS Mortgage Trust Series 2018-ATLS Class A† | | 6.872% (1 mo. USD Term SOFR + 1.55% | )# | 7/15/2035 | | | 1,080,000 | | | | 1,079,137 | |
BMO Mortgage Trust Series 2023-5C2 Class A3 | | 7.055% | #(g) | 11/15/2056 | | | 1,320,000 | | | | 1,427,912 | |
BMO Mortgage Trust Series 2023-C5 Class A4 | | 5.494 % | | 6/15/2056 | | | 1,130,000 | | | | 1,164,580 | |
BRAVO Residential Funding Trust Series 2021-NQM2 Class A1† | | 0.97 % | #(g) | 3/25/2060 | | | 1,184,629 | | | | 1,107,018 | |
BX Commercial Mortgage Trust Series 2021-XL2 Class A† | | 6.128% (1 mo. USD Term SOFR + 0.80% | )# | 10/15/2038 | | | 421,460 | | | | 418,575 | |
BX Commercial Mortgage Trust Series 2024-XL4 Class A† | | 6.767% (1 mo. USD Term SOFR + 1.44% | )# | 2/15/2039 | | | 1,570,000 | | | | 1,574,301 | |
BX Commercial Mortgage Trust Series 2024-XL5 Class A† | | 6.692% (1 mo. USD Term SOFR + 1.39% | )# | 3/15/2041 | | | 820,000 | | | | 821,629 | |
Chase Home Lending Mortgage Trust Series 2024-1A2 Class A2† | | 6.50% | #(g) | 1/25/2055 | | | 1,176,813 | | | | 1,188,747 | |
CIM Trust Series 2021-J3 Class A1† | | 2.50% | #(g) | 6/25/2051 | | | 2,028,114 | | | | 1,638,500 | |
COMM Mortgage Trust Series 2014-CR17 Class AM | | 4.174% | | 5/10/2047 | | | 1,460,000 | | | | 1,411,315 | |
COMM Mortgage Trust Series 2015-LC21 Class AM | | 4.043% | #(g) | 7/10/2048 | | | 1,228,000 | | | | 1,186,244 | |
Commercial Mortgage Pass-Through Certificates Series 2014-CR17 Class A5 | | 3.977% | | 5/10/2047 | | | 627,173 | | | | 625,887 | |
CSMC Trust Series 2020-AFC1 Class A1† | | 3.24% | #(g) | 2/25/2050 | | | 167,345 | | | | 154,242 | |
EQUS Mortgage Trust Series 2021-EQAZ Class A† | | 6.195% (1 mo. USD Term SOFR + 0.87% | )# | 10/15/2038 | | | 560,989 | | | | 558,233 | |
126 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – TOTAL RETURN PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
NON-AGENCY COMMERCIAL MORTGAGE-BACKED SECURITIES (continued) | | | | | | | | | | |
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2021-DNA3 Class M2† | | 7.42% (30 day USD SOFR Average + 2.10% | )# | 10/25/2033 | | $ | 1,040,000 | | | $ | 1,058,935 | |
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2022-DNA1 Class M2† | | 7.82% (30 day USD SOFR Average + 2.50% | )# | 1/25/2042 | | | 1,470,000 | | | | 1,497,399 | |
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2022-DNA4 Class M1B† | | 8.67% (30 day USD SOFR Average + 3.35% | )# | 5/25/2042 | | | 680,000 | | | | 711,528 | |
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2022-HQA2 Class M1A† | | 7.97% (30 day USD SOFR Average + 2.65% | )# | 7/25/2042 | | | 818,136 | | | | 840,536 | |
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2022-HQA3 Class A1† | | 7.17% (30 day USD SOFR Average + 1.85% | )# | 11/25/2043 | | | 1,472,785 | | | | 1,491,430 | |
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2022-HQA3 Class M1A† | | 7.62% (30 day USD SOFR Average + 2.30% | )# | 8/25/2042 | | | 1,660,883 | | | | 1,697,203 | |
Federal Home Loan Mortgage Corp. STACR REMICS Trust Series 2024-HQA1 Class A1† | | 6.569% (30 day USD SOFR Average + 1.25% | )# | 3/25/2044 | | | 1,280,000 | | | | 1,282,173 | |
Federal National Mortgage Association Connecticut Avenue Securities Series 2023-R04 Class 1M1† | | 7.621% (30 day USD SOFR Average + 2.30% | )# | 5/25/2043 | | | 907,787 | | | | 927,027 | |
Federal National Mortgage Association Connecticut Avenue Securities Series 2023-R04 Class 1M2† | | 8.871% (30 day USD SOFR Average + 3.55% | )# | 5/25/2043 | | | 776,940 | | | | 828,857 | |
Federal National Mortgage Association Connecticut Avenue Securities Series 2023-R07 Class 2M1† | | 7.271% (30 day USD SOFR Average + 1.95% | )# | 9/25/2043 | | | 403,892 | | | | 407,837 | |
Federal National Mortgage Association Connecticut Avenue Securities Trust Series 2023-R02 Class 1M1† | | 7.62% (30 day USD SOFR Average + 2.30% | )# | 1/25/2043 | | | 1,057,997 | | | | 1,083,812 | |
| See Notes to Schedule of Investments. | 127 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – TOTAL RETURN PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | Principal Amount | | | Fair Value | |
NON-AGENCY COMMERCIAL MORTGAGE-BACKED SECURITIES (continued) | | | | | | | | | | |
Federal National Mortgage Association Connecticut Avenue Securities Trust Series 2023-R03 Class 2M1† | | 7.82% (30 day USD SOFR Average + 2.50% | )# | 4/25/2043 | | $ | 1,243,655 | | | $ | 1,268,634 | |
Flagstar Mortgage Trust Series 2021-3INV Class A2† | | 2.50% | #(g) | 6/25/2051 | | | 1,423,046 | | | | 1,146,976 | |
Flagstar Mortgage Trust Series 2021-7 Class A1† | | 2.50% | #(g) | 8/25/2051 | | | 1,302,714 | | | | 1,049,989 | |
GCAT Trust Series 2024-INV1 Class 1A2† | | 5.50% | #(g) | 1/25/2054 | | | 1,384,818 | | | | 1,363,552 | |
GS Mortgage Securities Corp. Trust Series 2021-ROSS Class G† | | 10.091% (1 mo. USD Term SOFR + 4.76% | )# | 5/15/2026 | | | 1,230,000 | | | | 474,300 | |
GS Mortgage-Backed Securities Trust Series 2021-PJ2 Class A2† | | 2.50% | #(g) | 7/25/2051 | | | 1,072,283 | | | | 864,261 | |
GS Mortgage-Backed Securities Trust Series 2021-PJ8 Class A2† | | 2.50% | #(g) | 1/25/2052 | | | 1,659,136 | | | | 1,337,265 | |
GS Mortgage-Backed Securities Trust Series 2022-PJ6 Class A4† | | 3.00% | #(g) | 1/25/2053 | | | 2,575,766 | | | | 2,162,764 | |
GS Mortgage-Backed Securities Trust Series 2023-PJ1 Class A4† | | 3.50% | #(g) | 2/25/2053 | | | 1,172,960 | | | | 1,024,429 | |
JP Morgan Chase Commercial Mortgage Securities Trust Series 2018-MINN Class A† | | 6.642% (1 mo. USD Term SOFR + 1.32% | )# | 11/15/2035 | | | 542,000 | | | | 516,586 | |
JP Morgan Mortgage Trust Series 2021-13 Class A3† | | 2.50% | #(g) | 4/25/2052 | | | 1,141,520 | | | | 920,066 | |
JP Morgan Mortgage Trust Series 2021-15 Class A2† | | 3.00% | #(g) | 6/25/2052 | | | 2,529,199 | | | | 2,123,663 | |
JP Morgan Mortgage Trust Series 2021-INV8 Class A2† | | 3.00% | #(g) | 5/25/2052 | | | 1,070,923 | | | | 899,210 | |
JP Morgan Mortgage Trust Series 2022-4 Class A3† | | 3.00% | #(g) | 10/25/2052 | | | 882,239 | | | | 740,779 | |
Morgan Stanley Bank of America Merrill Lynch Trust Series 2015-C23 Class XA(i) | | 0.541% | #(g) | 7/15/2050 | | | 13,775,954 | | | | 60,883 | |
New Residential Mortgage Loan Trust Series 2020-NQM1 Class A1† | 2.464% | #(g) | 1/26/2060 | | | 61,273 | | | | 56,149 | |
PFP Ltd. Series 2023-10 Class A† | | 7.692% (1 mo. USD Term SOFR + 2.36% | )# | 9/16/2038 | | | 1,050,000 | | | | 1,052,602 | |
Ready Capital Mortgage Financing LLC Series 2022-FL8 Class A† | | 6.971% (30 day USD SOFR Average + 1.65% | )# | 1/25/2037 | | | 1,735,485 | | | | 1,738,739 | |
Residential Mortgage Loan Trust Series 2020-1 Class A1† | | 2.376% | #(g) | 1/26/2060 | | | 26,435 | | | | 25,302 | |
128 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – TOTAL RETURN PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | | Principal Amount | | | | Fair Value | |
NON-AGENCY COMMERCIAL MORTGAGE-BACKED SECURITIES (continued) | | | | | | | | | | |
Starwood Mortgage Residential Trust Series 2020-1 Class A1† | | 2.275% | #(g) | 2/25/2050 | | $ | 14,830 | | | $ | 13,930 | |
Starwood Mortgage Residential Trust Series 2020-3 Class A1† | | 1.486% | #(g) | 4/25/2065 | | | 309,957 | | | | 293,346 | |
Verus Securitization Trust Series 2020-1 Class A1† | | 3.417% | (d) | 1/25/2060 | | | 92,601 | | | | 88,656 | |
Verus Securitization Trust Series 2020-5 Class A1† | | 1.218% | (d) | 5/25/2065 | | | 403,345 | | | | 379,469 | |
Verus Securitization Trust Series 2021-2 Class A1† | | 1.031% | #(g) | 2/25/2066 | | | 815,823 | | | | 707,275 | |
Vista Point Securitization Trust Series 2020-2 Class A1† | | 1.475% | #(g) | 4/25/2065 | | | 216,268 | | | | 198,057 | |
Wells Fargo Mortgage Backed Securities Trust Series 2021-INV2 Class A2† | | 2.50% | #(g) | 9/25/2051 | | | 922,580 | | | | 743,600 | |
Total Non-Agency Commercial Mortgage-Backed Securities (cost $53,217,176) | | | | | | | | | 51,936,936 | |
| | | | | | | | | | | | |
U.S. TREASURY OBLIGATIONS 13.80% | | | | | | | | | | | | |
U.S. Treasury Bonds | | 3.875% | | 2/15/2043 | | | 10,532,000 | | | | 9,739,220 | |
U.S. Treasury Bonds | | 4.25% | | 2/15/2054 | | | 5,732,000 | | | | 5,638,407 | |
U.S. Treasury Bonds | | 4.375% | | 8/15/2043 | | | 18,140,000 | | | | 17,930,256 | |
U.S. Treasury Notes | | 4.25% | | 2/28/2029 | | | 23,469,500 | | | | 23,504,338 | |
U.S. Treasury Notes | | 4.50% | | 3/31/2026 | | | 7,371,200 | | | | 7,353,060 | |
U.S. Treasury Notes(j) | | 4.625% | | 2/28/2026 | | | 24,156,000 | | | | 24,138,072 | |
Total U.S. Treasury Obligations (cost $88,824,035) | | | | | | | | | | | 88,303,353 | |
Total Long-Term Investments (cost $715,999,413) | | | | | | | | | | | 704,736,379 | |
| | | | | | | | | | | | |
SHORT-TERM INVESTMENTS 5.39% | | | | | | | | | | | | |
| | | | | | | | | | | | |
U.S. TREASURY OBLIGATIONS 0.90% | | | | | | | | | | | | |
U.S. Treasury Bills (Cost $5,744,500) | | Zero Coupon | | 4/4/2024 | | | 5,747,000 | | | | 5,744,516 | |
| See Notes to Schedule of Investments. | 129 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – TOTAL RETURN PORTFOLIO March 31, 2024
Investments | | Interest Rate | | Maturity Date | | | Principal Amount | | | | Fair Value | |
REPURCHASE AGREEMENTS 4.49% | | | | | | | | | | | | |
Repurchase Agreement dated 3/28/2024, 5.390% due 4/1/2024 with Barclays Bank PLC collateralized by $23,588,000 of U.S. Treasury Note at 5.000% due 9/30/2025; value: $24,249,214; proceeds: $23,787,977 (cost $23,773,739) | | | | | | $ | 23,773,739 | | | $ | 23,773,739 | |
Repurchase Agreement dated 3/28/2024, 5.340% due 4/1/2024 with JPMorgan Chase & Co. collateralized by $4,918,000 of U.S. Treasury Bond at 4.500% due 11/15/2033; value: $5,103,979; proceeds: $5,002,967 (cost $5,000,000) | | | | | | | 5,000,000 | | | | 5,000,000 | |
Total Repurchase Agreements (cost $28,773,739) | | | | | | | | | | | 28,773,739 | |
Total Short-Term Investments (cost $34,518,239) | | | | | | | | | | | 34,518,255 | |
Total Investments in Securities 115.54% (cost $750,517,652) | | | | | | | | | | | 739,254,634 | |
Other Assets and Liabilities – Net(k) (15.54)% | | | | | | | | | | | (99,450,786 | ) |
Net Assets 100.00% | | | | | | | | | | $ | 639,803,848 | |
CMT | | Constant Maturity Rate. |
LIBOR | | London Interbank Offered Rate. |
REITS | | Real Estate Investment Trusts. |
REMICS | | Real Estate Mortgage Investment Conduits. |
RFUCCT | | Refinitiv USD IBOR Consumer Cash Fallbacks Term. |
SOFR | | Secured Overnight Financing Rate. |
STACR | | Structured Agency Credit Risk. |
| † | Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, unless registered under such Act or exempted from registration, may only be resold to qualified institutional buyers. At March 31, 2024, the total value of Rule 144A securities was $263,678,982, which represents 41.21% of net assets. |
| # | Variable rate security. The interest rate represents the rate in effect at March 31, 2024. |
| (a) | Securities purchased on a when-issued basis. |
| (b) | Level 3 Investment as described in Note 2(b) in the Notes to Schedule of Investments. 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. |
| (c) | Foreign security traded in U.S. dollars. |
| (d) | Step Bond – Security with a predetermined schedule of interest rate changes. |
| (e) | Floating Rate Loans in which the Fund invests generally pay interest at rates which are periodically re-determined at a margin above the Secured Overnight Financing Rate (“SOFR”) or the prime rate offered by major U.S. banks. The rate(s) shown is the rate(s) in effect at March 31, 2024. |
| (f) | Interest Rate to be determined. |
| (g) | Interest rate is based on the weighted average interest rates of the underlying mortgages within the mortgage pool. |
| (h) | To-be-announced (“TBA”). Security purchased on a forward commitment basis with an approximate principal and maturity date. Actual principal and maturity will be determined upon settlement when the specific mortgage pools are assigned. |
| (i) | Interest-only security. The principal amount shown is a notional amount representing the outstanding principal of the underlying debt obligation(s). Holders of interest only securities do not receive principal payments on the underlying debt obligation(s). |
| (j) | Security has been fully or partially segregated for open reverse repurchase agreements as of March 31, 2024. |
| (k) | Other Assets and Liabilities – Net include net unrealized appreciation/depreciation on futures contracts and reverse repurchase agreement as follows: |
130 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SERIES FUND, INC. – TOTAL RETURN PORTFOLIO March 31, 2024
Futures Contracts at March 31, 2024:
Type | | Expiration | | Contracts | | Position | | Notional Amount | | | Notional Value | | | Unrealized Appreciation | |
U.S. 10-Year Ultra Treasury Note | | June 2024 | | 59 | | Short | | $ | (6,808,938 | ) | | $ | (6,761,953 | ) | | | $ | 46,985 | |
U.S. Ultra Treasury Bond | | June 2024 | | 318 | | Long | | | 40,167,865 | | | | 41,022,000 | | | | | 854,135 | |
Total Unrealized Appreciation on Futures Contracts | | | | | | | | | | | | | | | | | $ | 901,120 | |
Type | Expiration | Contracts | Position | Notional Amount | Notional Value | Unrealized Depreciation | |
U.S. 2-Year Treasury Note | June 2024 | 519 | Long | $106,287,657 | $106,127,391 | $(160,266) | |
Reverse Repurchase Agreement Payables as of March 31, 2024
Counterparty | | Principal | | | Collateral Held by Counterparty | | Interest Rate(1) | | Trade Date | | Maturity Date | | Fair Value(2) | |
Barclays Bank PLC | | $ | 23,773,739 | | | $24,156,000 principal, U.S. Treasury Notes at 4.625% due 2/28/2026, $24,138,072 fair value | | 4.940% | | 3/28/2024 | | 4/1/2024 | | $ | 23,786,788 | |
(1) | | The positive interest rate on the reverse repurchase agreement results in interest expense to the Fund. |
(2) | | Total fair value of reverse repurchase agreement is presented net of interest payable of $13,049. |
The following is a summary of the inputs used as of March 31, 2024 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 | | $ | – | | | $ | 58,792,950 | | | $ | 963,600 | | | $ | 59,756,550 | |
Remaining Industries | | | – | | | | 45,342,358 | | | | – | | | | 45,342,358 | |
Corporate Bonds | | | – | | | | 293,909,866 | | | | – | | | | 293,909,866 | |
Floating Rate Loans | | | – | | | | 15,567,381 | | | | – | | | | 15,567,381 | |
Foreign Government Obligations | | | – | | | | 10,668,128 | | | | – | | | | 10,668,128 | |
Government Sponsored Enterprises | | | | | | | | | | | | | | | | |
Collateralized Mortgage Obligations | | | – | | | | 3,667,402 | | | | – | | | | 3,667,402 | |
Government Sponsored Enterprises | | | | | | | | | | | | | | | | |
Pass-Throughs | | | – | | | | 135,584,405 | | | | – | | | | 135,584,405 | |
Non-Agency Commercial | | | | | | | | | | | | | | | | |
Mortgage-Backed Securities | | | – | | | | 51,936,936 | | | | – | | | | 51,936,936 | |
U.S. Treasury Obligations | | | – | | | | 88,303,353 | | | | – | | | | 88,303,353 | |
Short-Term Investments | | | | | | | | | | | | | | | | |
U.S. Treasury Obligations | | | – | | | | 5,744,516 | | | | – | | | | 5,744,516 | |
Repurchase Agreements | | | – | | | | 28,773,739 | | | | – | | | | 28,773,739 | |
Total | | $ | – | | | $ | 738,291,034 | | | $ | 963,600 | | | $ | 739,254,634 | |
| See Notes to Schedule of Investments. | 131 |
Schedule of Investments (unaudited)(concluded)
LORD ABBETT SERIES FUND, INC. – TOTAL RETURN PORTFOLIO March 31, 2024
Investment Type(2) | | Level 1 | | | Level 2 | | | Level 3 | | | Total | |
Other Financial Instruments | | | | | | | | | | | | | | | | |
Futures Contracts | | | | | | | | | | | | | | | | |
Assets | | $ | 901,120 | | | $ | – | | | $ | – | | | $ | 901,120 | |
Liabilities | | | (160,266 | ) | | | – | | | | – | | | | (160,266 | ) |
Reverse Repurchase Agreements | | | | | | | | | | | | | | | | |
Asset | | | – | | | | – | | | | – | | | | – | |
Liabilities | | | – | | | | (23,786,788 | ) | | | – | | | | (23,786,788 | ) |
Total | | $ | 740,854 | | | $ | (23,786,788 | ) | | $ | – | | | $ | (23,045,934 | ) |
| (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. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized. |
A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets. Management has determined not to provide a reconciliation as the balance of Level 3 investments was not considered to be material to the Fund’s net assets at the beginning or end of the period.
132 | See Notes to Schedule of Investments. |
Notes to Schedule of Investments (unaudited)
Lord Abbett Series Fund, Inc. (the “Company”) is registered under the Investment Company Act of 1940, as amended (the “Act”), as an open-end management investment company and was incorporated under Maryland law in 1989. The Company consists of the following nine portfolios (separately, a “Fund” and collectively, the “Funds”): Bond Debenture Portfolio (“Bond Debenture”), Developing Growth Portfolio (“Developing Growth”), Dividend Growth Portfolio (“Dividend Growth”), Fundamental Equity Portfolio (“Fundamental Equity”), Growth and Income Portfolio (“Growth and Income”), Growth Opportunities Portfolio (“Growth Opportunities”), Mid Cap Stock Portfolio (“Mid Cap Stock”), Short Duration Income Portfolio (“Short Duration Income”) and Total Return Portfolio (“Total Return”). Each Fund is diversified as defined in the Act.
2. | SIGNIFICANT ACCOUNTING POLICIES |
(a) | Investment Valuation–Under procedures approved by the Funds’ Board of Directors (the “Board”), the Board has designated the determination of fair value of the Funds’ portfolio investments to Lord, Abbett & Co. LLC (“Lord Abbett”) as its valuation designee. Accordingly, Lord Abbett is responsible for, among other things, assessing and managing valuation risks, establishing, applying and testing fair value methodologies, and evaluating pricing services. Lord Abbett has formed a Pricing Committee that performs these responsibilities on behalf of Lord Abbett, administers the pricing and valuation of the portfolio investments and ensures that prices utilized reasonably reflect fair value. Among other things, these procedures allow Lord Abbett, subject to Board oversight, 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. When valuing foreign equity securities that meet certain criteria, the Pricing Committee uses a third-party fair valuation service that values such securities to reflect market trading that occurs after the close of the applicable foreign markets of comparable securities or other instruments that correlate to the fair-valued 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 ask prices. 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 ask prices is used. 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. 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, options and options on swaps (“swaptions”) are valued daily using independent pricing services or quotations from broker/dealers to the extent available. |
133
Notes to Schedule of Investments (unaudited)(continued)
| 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 observable inputs such as 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 periodically reviews reports that may include fair value determinations made by the Pricing Committee, related market activity, inputs and assumptions, and retrospective comparison of 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. Investments in open-end money market mutual funds are valued at their NAV as of the close of each business day. |
| |
(b) | Fair Value Measurements–Fair value is defined as the price that the Fund would receive upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market of the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk - for example, the risk inherent in a particular valuation technique used to measure fair value (such as a pricing model) and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The three-tier hierarchy classification is determined based on the lowest level of inputs that is significant to the fair value measurement, and is summarized in the three broad Levels listed below: |
| • | Level 1 - | unadjusted quoted prices in active markets for identical investments; |
| | | |
| • | Level 2 - | other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.); and |
| | | |
| • | Level 3 - | significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments). |
| A summary of inputs used in valuing the Fund’s investments and other financial instruments as of March 31, 2024 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. |
134
Notes to Schedule of Investments (unaudited)(concluded)
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.
Each 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 statute 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 Funds have established a securities lending agreement with Citibank, N.A. 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 Funds’ 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 Funds on the next business day. As with other extensions of credit, the Funds may experience a delay in the recovery of their securities or incur a loss should the borrower of the securities breach its agreement with the Funds or the borrower becomes insolvent at a time when the collateral is insufficient to cover the cost of repurchasing securities on loan.
The initial collateral received by the Funds 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 Citibank, N.A.; the Funds will bear the risk of loss with respect to the investment of the cash collateral. The advantage of such loans is that the Funds continue 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 March 31, 2024, the market value of securities loaned and collateral received for the Funds were as follows:
Funds | | Market Value of Securities Loaned | | Collateral Received | |
Bond Debenture Portfolio | | $ | 1,440,922 | | $ | 1,463,786 | |
Developing Growth Portfolio | | | 654,836 | | | 658,384 | |
5. | TRANSACTIONS WITH AFFILIATED FUNDS |
An affiliated issuer is one in which a Fund has ownership of at least 5% of the outstanding voting securities of the underlying issuer at any point during the fiscal year or any company which is under common ownership or control. The Fund had the following transactions with affiliated issuers during the period ended March 31, 2024:
Affiliated Issuer | | Value at 12/31/2023 | | Purchases at Cost | | Proceeds from Sales | | Net Realized Gain (Loss) | | Change in Appreciation (Depreciation) | | Value at 3/31/2024 | | Shares as of 3/31/2024 | | Dividend Income | | Percent Ownership at 3/31/2024 |
Lord Abbett Private Credit Fund 1, LP | | – | | | $746,854 | | – | | – | | – | | | $746,854 | | 746,854 | | – | | 0.07% |
135
QPHR-SERIES-1Q
(05/24)