Schedule of Investments (unaudited)

LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020

Investments	Interest Rate			Maturity Date	Principal Amount (000)		Fair Value
LONG-TERM INVESTMENTS 95.32%
ASSET-BACKED SECURITIES 4.21%
Automobiles 0.69%
ACC Trust 2018-1 B†		4.82	%	5/20/2021	$	4,582	$	4,583,564
ACC Trust 2018-1 C†		6.81	%	2/21/2023		5,140		5,203,935
Ford Credit Auto Owner Trust 2019-C A2A		1.88	%	7/15/2022		67,639		67,431,578
Mercedes-Benz Auto Lease Trust 2018-B A3		3.21	%	9/15/2021		5,224		5,249,813
Mercedes-Benz Auto Lease Trust 2019-A A3		3.10	%	11/15/2021		11,186		11,252,504
TCF Auto Receivables Owner Trust 2016-1A B†		2.32	%	6/15/2022		8,695		8,627,215
Total								102,348,609
Credit Cards 0.11%
Perimeter Master Note Business Trust 2019-2A A†		4.23	%	5/15/2024		16,717		15,853,667
Other 3.41%
Ally Master Owner Trust 2018-3 A		1.025%(1 Mo. LIBOR + .32%)	#	7/15/2022		9,440		9,260,853
AMMC CLO 15 Ltd. 2014-15A DRR†		5.231%(3 Mo. LIBOR + 3.40%)	#	1/15/2032		2,514		1,833,187
AMMC CLO XII Ltd. 2013-12A DR†		4.434%(3 Mo. LIBOR + 2.70%)	#	11/10/2030		3,859		2,751,154
Apex Credit CLO LLC 2017-2A B†		2.966%(3 Mo. LIBOR + 1.85%)	#	9/20/2029		7,197		6,241,283
Apidos CLO XXXII 2019-32A C†		4.083%(3 Mo. LIBOR + 2.40%)	#	1/20/2033		6,953		5,817,471
Atrium XV-15A D†		4.806%(3 Mo. LIBOR + 3.00%)	#	1/23/2031		7,286		5,360,591
Battalion CLO VII Ltd. 2014-7A CRR†		4.766%(3 Mo. LIBOR + 2.93%)	#	7/17/2028		1,831		1,535,990	(a)
Battalion CLO XV Ltd. 2019-16A B†		3.903%(3 Mo. LIBOR + 2.00%)	#	12/19/2032		23,286		21,096,100
Benefit Street Partners CLO XIX Ltd. 2019-19A B†		3.878%(3 Mo. LIBOR + 2.00%)	#	1/15/2033		7,922		7,222,110
Benefit Street Partners CLO XIX Ltd. 2019-19A C†		4.478%(3 Mo. LIBOR + 2.60%)	#	1/15/2033		6,418		5,238,545	(a)
BlueMountain CLO XXIII Ltd. 2018-23A D†		4.719%(3 Mo. LIBOR + 2.90%)	#	10/20/2031		4,348		3,244,701

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020

Investments	Interest Rate			Maturity Date	Principal Amount (000)		Fair Value
Other (continued)
Carlyle US CLO Ltd. 2019-4A B†		4.578%(3 Mo. LIBOR + 2.70%)	#	1/15/2033	$	15,609	$	13,191,179
Cedar Funding VI CLO Ltd. 2016-6A BR†		3.419%(3 Mo. LIBOR + 1.60%)	#	10/20/2028		2,600		2,376,259
Cedar Funding VI CLO Ltd. 2016-6A DR†		4.819%(3 Mo. LIBOR + 3.00%)	#	10/20/2028		7,699		5,931,383
Cent CLO Ltd. 2014-21A CR2†		4.994%(3 Mo. LIBOR + 3.20%)	#	7/27/2030		4,936		3,802,177
Conn’s Receivables Funding LLC 2017-B C†		5.95	%	11/15/2022		13,196		13,067,122	(a)
Galaxy XXI CLO Ltd. 2015-21A AR†		2.839%(3 Mo. LIBOR + 1.02%)	#	4/20/2031		5,311		5,003,850
Greywolf CLO III Ltd. 2020-3RA A1R†		3.092%(3 Mo. LIBOR + 1.29%)	#	4/15/2033		20,101		18,735,849
Halcyon Loan Advisors Funding Ltd. 2015-2A CR†		3.944%(3 Mo. LIBOR + 2.15%)	#	7/25/2027		5,476		4,869,813
Halcyon Loan Advisors Funding Ltd. 2017-2A A2†		3.536%(3 Mo. LIBOR + 1.70%)	#	1/17/2030		9,320		8,291,507	(a)
Harbor Park CLO Ltd. 2018-1A D†		4.719%(3 Mo. LIBOR + 2.90%)	#	1/20/2031		4,560		3,342,016
Hardee’s Funding LLC 2018-1A A23†		5.71	%	6/20/2048		2,756		2,450,898
Hardee’s Funding LLC 2018-1A A2II†		4.959	%	6/20/2048		37,708		33,605,542
Jamestown CLO VII Ltd. 2015-7A BR†		3.444%(3 Mo. LIBOR + 1.65%)	#	7/25/2027		12,548		10,572,908
Kayne CLO 7 Ltd. 2020-7A A1†(b)		Zero Coupon	#(c)	4/17/2033		47,944		43,908,792
KKR CLO 9 Ltd. 9 B1R†		3.581%(3 Mo. LIBOR + 1.75%)	#	7/15/2030		6,340		5,694,802
KKR CLO Ltd-15 DR†		4.969%(3 Mo. LIBOR + 3.15%)	#	1/18/2032		2,736		1,874,596	(a)
KVK CLO Ltd. 2013-A BR†		3.288%(3 Mo. LIBOR + 1.45%)	#	1/14/2028		3,567		3,357,525	(a)
Madison Park Funding XIV Ltd. 2014-14A DRR†		4.752%(3 Mo. LIBOR + 2.95%)	#	10/22/2030		3,923		2,926,099
Madison Park Funding XXXVI Ltd. 2019-36A C†		4.542%(3 Mo. LIBOR + 2.60%)	#	1/15/2033		12,488		10,728,101
Marble Point CLO XVII Ltd. 2020-1A A†		2.196%(3 Mo. LIBOR + 1.30%)	#	4/20/2033		29,415		26,819,818
Marble Point CLO XVII Ltd. 2020-1A B†		2.666%(3 Mo. LIBOR + 1.77%)	#	4/20/2033		9,348		7,963,151	(a)
Mariner CLO Ltd. 2017-4A D†		4.844%(3 Mo. LIBOR + 3.05%)	#	10/26/2029		6,254		4,709,673
Mountain View CLO 2017-1A BR†		2.455%(3 Mo. LIBOR + 1.75%)	#	10/16/2029		11,046		9,829,986

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020

Investments	Interest Rate			Maturity Date	Principal Amount (000)		Fair Value
Other (continued)
Mountain View CLO X Ltd. 2015-10A BR†		3.198%(3 Mo. LIBOR + 1.35%)	#	10/13/2027	$	13,725	$	12,499,451
Northwoods Capital 20 Ltd. 2019-20A C†		4.701%(3 Mo. LIBOR + 2.80%)	#	1/25/2030		14,954		12,710,514
Octagon Investment Partners 29 Ltd. 2016-1A AR†		2.981%(3 Mo. LIBOR + 1.18%)	#	1/24/2033		15,000		13,691,244
Octagon Investment Partners 39 Ltd. 2018-3A D†		4.769%(3 Mo. LIBOR + 2.95%)	#	10/20/2030		3,789		3,120,431	(a)
OHA Loan Funding Ltd. 2015-1A CR2†		4.342%(3 Mo. LIBOR + 2.65%)	#	11/15/2032		8,238		6,929,020
OZLM Funding III Ltd. 2013-3A A2AR†		3.752%(3 Mo. LIBOR + 1.95%)	#	1/22/2029		15,000		14,064,957	(a)
Palmer Square Loan Funding Ltd. 2018-1A A2†		2.881%(3 Mo. LIBOR + 1.05%)	#	4/15/2026		9,660		9,023,327
Palmer Square Loan Funding Ltd. 2018-1A B†		3.231%(3 Mo. LIBOR + 1.40%)	#	4/15/2026		5,069		4,319,122
Planet Fitness Master Issuer LLC 2018-1A A2I†		4.262	%	9/5/2048		17,768		16,962,269
Planet Fitness Master Issuer LLC 2018-1A A2II†		4.666	%	9/5/2048		22,211		19,997,658
Planet Fitness Master Issuer LLC 2019-1A A2†		3.858	%	12/5/2049		15,204		12,067,324	(a)
Regatta VI Funding Ltd. 2016-1A DR†		4.519%(3 Mo. LIBOR + 2.70%)	#	7/20/2028		2,216		1,793,335
Regatta XVI Funding Ltd. 2019-2A B†		3.953%(3 Mo. LIBOR + 2.05%)	#	1/15/2033		31,200		28,670,800
Sound Point CLO XI Ltd. 2016-1A DR†		4.769%(3 Mo. LIBOR + 2.95%)	#	7/20/2028		6,840		5,783,355	(a)
THL Credit Wind River CLO Ltd. 2018-3A D†		4.769%(3 Mo. LIBOR + 2.95%)	#	1/20/2031		7,164		4,683,838	(a)
West CLO Ltd. 2014-2A BR†		3.593%(3 Mo. LIBOR + 1.75%)	#	1/16/2027		4,541		4,155,534	(a)
Wingstop Funding LLC 2018-1 A2†		4.97	%	12/5/2048		19,550		18,821,897
Total								501,949,107
Total Asset-Backed Securities (cost $686,647,843)								620,151,383
					Shares (000)
COMMON STOCKS 6.48%
Auto Parts & Equipment 0.04%
Chassix Holdings, Inc.						607		5,463,513	(a)
Cable & Satellite Television 0.25%
Cable One, Inc.						23		37,233,538

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020

Investments	Shares (000)		Fair Value
Discount Stores 0.16%
Amazon.com, Inc.*		12	$	23,160,724
Energy: Exploration & Production 0.07%
Chaparral Energy, Inc. Class A*		541		254,330
MEG Energy Corp.*(d)	CAD	8,004		9,498,612
Templar Energy LLC Class A Units		417		33,346	(e)
Total				9,786,288
Food: Wholesale 0.15%
Beyond Meat, Inc.*		333		22,152,692
Gaming 0.18%
Churchill Downs, Inc.		254		26,178,744
Hotels 0.09%
Hilton Worldwide Holdings, Inc.		195		13,332,322
Media: Content 0.14%
ION Media Networks, Inc.		4		1,931,885	(e)
Netflix, Inc.*		51		19,142,239
Total				21,074,124
Media: Diversified 0.10%
Walt Disney Co. (The)		154		14,917,551
Medical Products 0.34%
DexCom, Inc.*		187		50,445,580

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020

Investments	Shares (000)		Fair Value
Personal & Household Products 0.46%
Church & Dwight Co., Inc.		440	$	28,240,997
Estee Lauder Cos., Inc. (The) Class A		163		26,022,771
Gibson Brands, Inc.		107		12,560,985	(a)
Remington Outdoor Co., Inc.		164		204,685
Total				67,029,438
Pharmaceuticals 0.69%
Gilead Sciences, Inc.		187		13,979,223
NextCure, Inc.*		1,160		43,018,549
Regeneron Pharmaceuticals, Inc.*		31		15,004,663
Vertex Pharmaceuticals, Inc.*		64		15,311,131
Zoetis, Inc.		126		14,782,570
Total				102,096,136
Restaurants 0.89%
Domino’s Pizza, Inc.		111		36,126,028
Shake Shack, Inc. Class A*		1,694		63,918,162
Texas Roadhouse, Inc.		747		30,858,121
Total				130,902,311
Software/Services 1.97%
Adyen NV†*(d)	EUR	20		16,928,194
Akamai Technologies, Inc.*		542		49,580,993
Alibaba Group Holding Ltd. ADR*		117		22,766,801
Autodesk, Inc.*		163		25,476,144
DocuSign, Inc.*		634		58,565,338
RingCentral, Inc. Class A*		107		22,693,442
Shopify, Inc. Class A (Canada)*(f)		118		49,384,108
Spotify Technology SA (Sweden)*(f)		195		23,644,368
Zoom Video Communications, Inc. Class A*		150		21,882,639
Total				290,922,027
Specialty Retail 0.40%
Chewy, Inc. Class A*		410		15,386,234
Claires Holdings LLC		15		8,340,405
Lululemon Athletica, Inc. (Canada)*(f)		187		35,452,863
Total				59,179,502

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020

Investments					Shares (000)		Fair Value
Support: Services 0.15%
Bright Horizons Family Solutions, Inc.*						210	$	21,402,456
Technology Hardware & Equipment 0.40%
Apple, Inc.						64		16,254,217
NVIDIA Corp.						161		42,380,817
Total								58,635,034
Total Common Stocks (cost $1,074,153,313)								953,911,980
	Interest Rate			Maturity Date	Principal Amount (000)
CONVERTIBLE BONDS 0.62%
Automakers 0.47%
Tesla, Inc.		2.00	%	5/15/2024	$	37,446	$	68,402,084
Software/Services 0.15%
Atlassian, Inc.		0.625	%	5/1/2023		13,022		22,707,503
Total Convertible Bonds (cost $94,714,084)								91,109,587
FLOATING RATE LOANS(g) 5.69%
Advertising 0.12%
Clear Channel Outdoor Holdings, Inc. Term Loan B		4.489%(1 Mo. LIBOR + 3.50%)		8/21/2026		20,157		17,133,203
Aerospace/Defense 0.07%
Doncasters Finance US LLC 2020 USD Term Loan B2		8.50%(3 Mo. LIBOR + 6.50%)		3/6/2024		8,103		7,170,951	(h)
Doncasters Finance US LLC USD Holdco PIK Term Loan		13.50	%	3/6/2025		8,175		3,270,103	(h)
Total								10,441,054

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020

Investments	Interest Rate			Maturity Date	Principal Amount (000)		Fair Value
Air Transportation 0.29%
American Airlines, Inc. 2018 Term Loan B		2.709%(1 Mo. LIBOR + 1.75%)		6/27/2025	$	37,227	$	30,223,567
Kestrel Bidco Inc. Term Loan B (Canada)(f)		4.00%(1 Mo. LIBOR + 3.00%)		12/11/2026		15,006		11,805,002
Total								42,028,569
Auto Parts & Equipment 0.16%
American Axle and Manufacturing, Inc. Term Loan B		3.20%(1 Mo. LIBOR + 2.25%)		4/6/2024		27,809		23,499,019
Building Materials 0.23%
Forterra Finance, LLC 2017 Term Loan B		4.00%(1 Mo. LIBOR + 3.00%)		10/25/2023		24,979		20,899,067
Yak Access, LLC 2018 1st Lien Term Loan B		6.45%(3 Mo. LIBOR + 5.00%)		7/11/2025		17,550		12,987,043
Total								33,886,110
Cable & Satellite Television 0.11%
Charter Communications Operating, LLC 2019 Term Loan B2(b)		—	(i)	2/1/2027		16,913		16,320,595
Chemicals 0.19%
Starfruit Finco B.V 2018 USD Term Loan B  (Netherlands)(f)		3.863%(1 Mo. LIBOR + 3.00%)		10/1/2025		31,358		28,457,649
Diversified Capital Goods 0.14%
Granite Holdings US Acquisition Co. Term Loan B		6.322%(6 Mo. LIBOR + 5.25%)		9/30/2026		22,389		16,232,014	(h)
UTEX Industries Inc. 1st  Lien Term loan 2014(b)		5.00%(1 Mo. LIBOR + 4.00%)		5/22/2021		13,346		4,426,434
Total								20,658,448

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020

Investments	Interest Rate			Maturity Date	Principal Amount (000)		Fair Value
Electric: Generation 0.45%
Astoria Energy LLC Term Loan B		5.00%(1 Mo. LIBOR + 4.00%)		12/24/2021	$	16,653	$	15,432,080
Edgewater Generation, L.L.C. Term Loan		4.739%(1 Mo. LIBOR + 3.75%)		12/13/2025		15,818		13,029,838
Frontera Generation Holdings LLC 2018 Term Loan B		5.25%(1 Mo. LIBOR + 4.25%)		5/2/2025		18,528		13,803,089
Lightstone Holdco LLC 2018 Term Loan B		4.75%(1 Mo. LIBOR + 3.75%)		1/30/2024		13,171		10,207,802
Lightstone Holdco LLC 2018 Term Loan C		4.75%(1 Mo. LIBOR + 3.75%)		1/30/2024		743		575,736
Moxie Patriot LLC Delayed Draw Term Loan B2		7.20%(3 Mo. LIBOR + 5.75%)		12/19/2020		10,358		8,742,352
Moxie Patriot LLC Term Loan B1		7.20%(3 Mo. LIBOR + 5.75%)		12/19/2020		6,210		5,241,495
Total								67,032,392
Electric: Integrated 0.34%
Pacific Gas & Electric Company Revolver		5.53	%	4/27/2022		51,069		49,434,607
Food: Wholesale 0.29%
Froneri International Ltd. 2020 USD Term Loan (United Kingdom)(f)		3.239%(1 Mo. LIBOR + 2.25%)		1/29/2027		15,174		14,567,509	(h)
JBS USA Lux S.A. 2019 Term Loan B (Luxembourg)(b)(f)		—	(i)	5/1/2026		12,609		11,897,400
United Natural Foods, Inc. Term Loan B		5.239%(1 Mo. LIBOR + 4.25%)		10/22/2025		18,765		16,254,861
Total								42,719,770
Gaming 0.33%
PCI Gaming Authority Term Loan		3.489%(1 Mo. LIBOR + 2.50%)		5/29/2026		1,964		1,628,167
Playtika Holding Corp Term Loan B		7.072%(6 Mo. LIBOR + 6.00%)		12/10/2024		31,940		30,130,004
VICI Properties 1 LLC Replacement Term Loan B		2.674%(1 Mo. LIBOR + 1.75%)		12/20/2024		17,740		16,509,287
Total								48,267,458

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020

Investments	Interest Rate		Maturity Date	Principal Amount (000)		Fair Value
Gas Distribution 0.10%
Buckeye Partners, L.P. 2019 Term Loan B		4.265%(1 Mo. LIBOR + 2.75%)	11/1/2026	$	15,315	$	14,174,466
Health Services 0.64%
Da Vinci Purchaser Corp. 2019 Term Loan		5.872%(3 Mo. LIBOR + 4.00%)	1/8/2027		16,312		15,618,543
Global Medical Response, Inc. 2018 Term Loan B1		4.932%(2 Mo. LIBOR + 3.25%)	4/28/2022		17,911		16,747,074
Parexel International Corporation Term Loan B		3.739%(1 Mo. LIBOR + 2.75%)	9/27/2024		17,523		15,135,541
RegionalCare Hospital Partners Holdings, Inc. 2018 Term Loan B		4.739%(1 Mo. LIBOR + 3.75%)	11/17/2025		25,794		24,085,317
U.S. Renal Care, Inc. 2019 Term Loan B		6.00%(1 Mo. LIBOR + 5.00%)	6/26/2026		25,207		22,290,590
Total							93,877,065
Insurance Brokerage 0.11%
Hub International Limited 2018 Term Loan B		4.551%(3 Mo. LIBOR + 2.75%)	4/25/2025		16,960		15,976,409
Media: Content 0.10%
Univision Communications Inc. Term Loan C5		3.75%(1 Mo. LIBOR + 2.75%)	3/15/2024		17,698		15,231,247
Personal & Household Products 0.16%
FGI Operating Company, LLC Exit Term Loan		12.00%(3 Mo. LIBOR + 10.00%)	5/16/2022		1,063		850,663	(h)
Revlon Consumer Products Corporation 2016 Term Loan B		5.113%(3 Mo. LIBOR + 3.50%)	9/7/2023		25,550		10,228,168
TGP Holdings III, LLC 2018 1st Lien Term Loan		6.027%(3 Mo. LIBOR + 4.25%)	9/25/2024		16,168		12,368,720
Total							23,447,551
Rail 0.15%
Genesee & Wyoming Inc. (New) Term Loan		3.45%(3 Mo. LIBOR + 2.00%)	12/30/2026		23,411		22,591,438

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020

Investments	Interest Rate		Maturity Date	Principal Amount (000)		Fair Value
Recreation & Travel 0.25%
Alterra Mountain Company Term Loan B1		3.75%(1 Mo. LIBOR + 2.75%)	7/31/2024	$	13,050	$	11,940,923
Delta 2 (LUX) S.a.r.l. 2018 USD Term Loan (Luxembourg)(f)		3.50%(1 Mo. LIBOR + 2.50%)	2/1/2024		16,211		14,636,002
Kingpin Intermediate Holdings LLC 2018 Term Loan B		4.50%(1 Mo. LIBOR + 3.50%)	7/3/2024		15,753		11,020,788
Total							37,597,713
Restaurants 0.20%
IRB Holding Corp 2020 Term Loan B		3.75%(1 Wk. LIBOR + 2.75%)	2/5/2025		19,256		15,076,648
Panera Bread Company Term Loan A		2.75%(1 Mo. LIBOR + 1.75%)	7/18/2022		16,194		14,331,948
Total							29,408,596
Software/Services 0.31%
Ancestry.com Operations Inc. 2019 Extended Term Loan B		5.24%(1 Mo. LIBOR + 4.25%)	8/27/2026		15,087		12,145,038
Ellie Mae, Inc. Term Loan		5.69%(3 Mo. LIBOR + 4.00%)	4/17/2026		2,180		1,946,028
Tibco Software Inc. 2020 Term Loan B		4.74%(1 Mo. LIBOR + 3.75%)	6/30/2026		17,787		16,897,301	(h)
Ultimate Software Group Inc. (The) Term Loan B		4.739%(1 Mo. LIBOR + 3.75%)	5/4/2026		16,181		15,236,790
Total							46,225,157
Specialty Retail 0.50%
BJ’s Wholesale Club, Inc. 2017 1st Lien Term Loan		3.047%(1 Mo. LIBOR + 2.25%)	2/3/2024		22,892		22,104,967
Claire’s Stores, Inc. 2019 Term Loan B		8.421%(3 Mo. LIBOR + 6.50%)	12/18/2026		11,763		9,910,665
CWGS Group, LLC 2016 Term Loan		3.766%(1 Mo. LIBOR + 2.75%)	11/8/2023		17,823		11,994,555
Mavis Tire Express Services Corp. 2018 1st Lien Term Loan		4.70%(3 Mo. LIBOR + 3.25%)	3/20/2025		17,187		13,942,958
PetSmart, Inc. Consenting Term Loan		5.00%(6 Mo. LIBOR + 4.00%)	3/11/2022		16,624		15,986,000
Total							73,939,145

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020

Investments	Interest Rate			Maturity Date	Principal Amount (000)		Fair Value
Support: Services 0.40%
Aramark Services, Inc. 2018 Term Loan B2(b)		2.739%(1 Mo. LIBOR + 1.75%)		3/28/2024	$	5,906	$	5,670,137	(h)
DG Investment Intermediate Holdings 2, Inc. 2018 1st Lien Term Loan		3.989%(1 Mo. LIBOR + 3.00%)		2/3/2025		16,126		13,787,947
NEP/NCP Holdco, Inc. 2018 1st Lien Term Loan		4.70%(3 Mo. LIBOR + 3.25%)		10/20/2025		17,116		10,858,198
Pike Corporation 2019 Term Loan B		4.24%(1 Mo. LIBOR + 3.25%)		7/24/2026		17,132		16,075,138
Trans Union, LLC 2019 Term Loan B5		2.739%(1 Mo. LIBOR + 1.75%)		11/16/2026		12,764		12,304,229
Total								58,695,649
Transportation: Infrastructure/Services 0.05%
Commercial Barge Line Company 2015 1st Lien Term Loan		—	(i)	11/12/2020		19,812		6,438,918
Commercial Barge Line Company 2020 DIP Term Loan		9.00%(1 Mo. LIBOR + 7.00%)		2/3/2027		1,178		1,142,577	(h)
Total								7,581,495
Total Floating Rate Loans (cost $961,818,393)								838,624,805
FOREIGN GOVERNMENT OBLIGATIONS 2.41%
Angola 0.09%
Republic of Angola†(f)		8.25	%	5/9/2028		8,961		3,732,830
Republic of Angola†(f)		9.375	%	5/8/2048		24,995		9,966,456
Total								13,699,286
Argentina 0.51%
Ciudad Autonoma De Buenos Aires†(f)		7.50	%	6/1/2027		28,645		18,118,249
Province of Santa Fe†(f)		6.90	%	11/1/2027		24,260		12,857,800
Provincia de Cordoba†(f)		7.125	%	6/10/2021		21,548		14,194,960
Provincia de Cordoba†(f)		7.45	%	9/1/2024		26,688		12,943,947
Provincia de Mendoza†(f)		8.375	%	5/19/2024		27,674		12,730,040
Provincia of Neuquen†(f)		7.50	%	4/27/2025		5,397		3,454,080
Total								74,299,076

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020

Investments	Interest Rate			Maturity Date	Principal Amount (000)		Fair Value
Australia 0.17%
Australian Government(d)		4.25	%	4/21/2026	AUD	33,642	$	25,324,705
Ecuador 0.06%
Ecuador Government International Bond†(f)		10.75	%	1/31/2029	$	31,810		9,145,375
Egypt 0.35%
Arab Republic of Egypt†(f)		5.577	%	2/21/2023		39,734		36,940,501
Republic of Egypt†(f)		6.588	%	2/21/2028		16,880		14,453,500
Total								51,394,001
Ivory Coast 0.09%
Ivory Coast Government International Bond†(d)		5.875	%	10/17/2031	EUR	14,313		13,555,108
Kenya 0.30%
Republic of Kenya†(f)		7.25	%	2/28/2028	$	22,576		21,110,005
Republic of Kenya†(f)		8.25	%	2/28/2048		24,972		23,176,139
Total								44,286,144
Mongolia 0.18%
Development Bank of Mongolia LLC†(f)		7.25	%	10/23/2023		31,219		27,003,346
Suriname 0.02%
Republic of Suriname†(f)		9.25	%	10/26/2026		4,289		2,320,649
Ukraine 0.31%
Ukraine Government†(f)		7.375	%	9/25/2032		49,815		45,456,636
United Arab Emirates 0.33%
Abu Dhabi Government International†(f)		3.125	%	5/3/2026		47,836		48,959,955
Total Foreign Government Obligations (cost $466,177,628)								355,444,281

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020

Investments	Interest Rate			Maturity Date	Principal Amount (000)		Fair Value
GOVERNMENT SPONSORED ENTERPRISES COLLATERALIZED MORTGAGE OBLIGATION 0.50%
Government National Mortgage Assoc. 2012-144 AL (cost $73,478,607)		1.85	%#(j)	1/16/2053	$	74,716	$	73,753,369
HIGH YIELD CORPORATE BONDS 68.59%
Advertising 0.08%
Clear Channel Worldwide Holdings, Inc.†		9.25	%	2/15/2024		13,740		11,902,344
Aerospace/Defense 1.36%
Boeing Co. (The)		3.60	%	5/1/2034		1,177		1,056,682
Boeing Co. (The)		5.875	%	2/15/2040		1,858		1,799,431
Boeing Co. (The)		6.875	%	3/15/2039		11,958		12,459,402
Bombardier, Inc. (Canada)†(f)		7.875	%	4/15/2027		21,641		15,096,221
Carrier Global Corp.†		2.722	%	2/15/2030		10,781		9,983,010
Huntington Ingalls Industries, Inc.†		3.844	%	5/1/2025		10,309		10,626,657
Signature Aviation US Holdings, Inc.†		4.00	%	3/1/2028		27,187		24,695,311
Signature Aviation US Holdings, Inc.†		5.375	%	5/1/2026		12,746		12,420,563
TransDigm, Inc.†		5.50	%	11/15/2027		4,500		4,063,725
TransDigm, Inc.†		6.25	%	3/15/2026		26,374		26,390,405
TransDigm, Inc.		6.375	%	6/15/2026		33,411		32,176,464
Triumph Group, Inc.		5.25	%	6/1/2022		19,083		15,904,459
United Technologies Corp.		4.125	%	11/16/2028		31,099		34,403,904
Total								201,076,234
Air Transportation 1.37%
Air Canada 2013-1 Class A Pass Through Trust (Canada)†(f)		4.125	%	11/15/2026		8,336		8,536,775
American Airlines Group, Inc.†		3.75	%	3/1/2025		16,046		11,322,459
Azul Investments LLP†		5.875	%	10/26/2024		40,083		22,396,577
British Airways 2018-1 Class A Pass Through Trust (United Kingdom)†(f)		4.125	%	3/20/2033		8,279		7,404,348	(a)
British Airways 2018-1 Class AA Pass Through Trust (United Kingdom)†(f)		3.80	%	3/20/2033		3,990		3,608,671
British Airways 2019-1 Class A Pass Through Trust (United Kingdom)†(f)		3.35	%	12/15/2030		14,619		13,903,727
British Airways 2019-1 Class AA Pass Through Trust (United Kingdom)†(f)		3.30	%	6/15/2034		35,882		34,196,691
Delta Air Lines 2019-1 Class AA Pass Through Trust		3.204	%	10/25/2025		22,520		22,011,654

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020

Investments	Interest Rate			Maturity Date		Principal Amount (000)		Fair Value
Air Transportation (continued)
Delta Air Lines, Inc.		2.90	%	10/28/2024		$	2,124	$	1,705,273
Delta Air Lines, Inc.		3.40	%	4/19/2021			7,719		7,033,518
Delta Air Lines, Inc.		3.75	%	10/28/2029			45,382		36,783,657
Delta Air Lines, Inc.		3.80	%	4/19/2023			3,584		3,375,208
JetBlue 2019-1 Class A Pass Through Trust		2.95	%	11/15/2029			13,467		11,404,303
United Airlines 2019-2 Class AA Pass Through Trust		2.70	%	11/1/2033			17,940		16,396,478
Total									200,079,339
Auto Parts & Equipment 0.32%
Adient Global Holdings Ltd.†		4.875	%	8/15/2026			18,807		13,022,437
Adient US LLC†		7.00	%	5/15/2026			21,145		19,678,002
Panther BF Aggregator 2 LP/Panther Finance Co., Inc.†		8.50	%	5/15/2027			17,080		14,995,386
Total									47,695,825
Automakers 0.92%
Aston Martin Capital Holdings Ltd.(d)		5.75	%	4/15/2022		GBP	14,541		12,823,580
Aston Martin Capital Holdings Ltd. (Jersey)†(f)		6.50	%	4/15/2022		$	16,877		11,759,421
General Motors Co.		8.375	%	7/15/2049			15,000		1,500	(e)
Mclaren Finance plc. (United Kingdom)†(f)		5.75	%	8/1/2022			6,682		5,395,715
Tesla, Inc.†		5.30	%	8/15/2025			111,041		105,072,546
Total									135,052,762
Banking 7.47%
ABN AMRO Bank NV (Netherlands)†(f)		4.75	%	7/28/2025			31,461		31,723,379
AIB Group plc (Ireland)†(f)		4.263%(3 Mo. LIBOR + 1.87%)	#	4/10/2025			16,837		16,956,194
AIB Group plc (Ireland)†(f)		4.75	%	10/12/2023			31,394		31,135,990
Ally Financial, Inc.		4.625	%	3/30/2025			22,002		21,165,594
Ally Financial, Inc.		8.00	%	11/1/2031			40,182		46,412,219
ANZ New Zealand Int’l Ltd. (United Kingdom)†(f)		2.125	%	7/28/2021			14,890		14,773,241
Associated Banc-Corp.		4.25	%	1/15/2025			7,996		8,251,275
Australia & New Zealand Banking Group Ltd. (United Kingdom)†(f)		6.75%(Swap rate + 5.17%)	#	—	(k)		19,074		18,756,132
Bank Leumi Le-Israel BM (Israel)†(f)		3.275%(5 Yr Treasury CMT + 1.63%)	#	1/29/2031			17,475		16,255,734

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020

Investments	Interest Rate			Maturity Date		Principal Amount (000)		Fair Value
Banking (continued)
Bank of America Corp.		2.369%(3 Mo. LIBOR + .66%)	#	7/21/2021		$	54,846	$	54,816,939
Bank of America Corp.		2.801%(3 Mo. LIBOR + 1.00%)	#	4/24/2023			5,272		5,119,945
Bank of America Corp.		4.45	%	3/3/2026			19,634		21,277,947
Bank of Ireland Group plc (Ireland)†(f)		4.50	%	11/25/2023			31,384		31,054,996
BankUnited, Inc.		4.875	%	11/17/2025			24,313		25,149,098
BBVA Bancomer SA†		5.125%(5 Yr Treasury CMT + 2.65%)	#	1/18/2033			28,167		23,535,641
BBVA USA		3.875	%	4/10/2025			26,897		25,509,285
BNP Paribas SA (France)†(f)		4.50%(5 Yr Treasury CMT + 2.94%)	#	—	(k)		36,222		27,913,579
CIT Group, Inc.		5.25	%	3/7/2025			6,988		6,857,010
CIT Group, Inc.		6.125	%	3/9/2028			45,724		43,371,157
Citigroup, Inc.		2.754%(3 Mo. LIBOR + .96%)	#	4/25/2022			8,818		8,636,080
Citigroup, Inc.		4.45	%	9/29/2027			13,296		13,972,708
Credit Suisse Group AG (Switzerland)†(f)		5.10%(5 Yr Treasury CMT + 3.29%)	#	—	(k)		28,486		22,041,043
Credit Suisse Group AG (Switzerland)†(f)		6.375%(5 Yr Treasury CMT + 4.82%)	#	—	(k)		8,522		7,486,875
Fidelity National Financial, Inc.		4.50	%	8/15/2028			26,914		30,960,491
Fifth Third Bancorp		8.25	%	3/1/2038			8,042		10,645,362
Global Bank Corp. (Panama)†(f)		5.25%(3 Mo. LIBOR + 3.30%)	#	4/16/2029			40,710		39,692,250
Goldman Sachs Group, Inc. (The)		3.50	%	11/16/2026			13,667		13,998,003
Goldman Sachs Group, Inc. (The)		4.25	%	10/21/2025			18,995		20,009,331
Home BancShares, Inc.		5.625%(3 Mo. LIBOR + 3.58%)	#	4/15/2027			19,481		20,037,162
Huntington Bancshares, Inc.		5.70%(3 Mo. LIBOR + 2.88%)	#	—	(k)		15,381		12,312,337
Huntington National Bank (The)		3.125	%	4/1/2022			26,801		27,175,920
ING Groep NV (Netherlands)(f)		5.75%(5 Yr Treasury CMT + 4.34%)	#	—	(k)		52,761		45,715,560
Intesa Sanpaolo SpA (Italy)†(f)		5.71	%	1/15/2026			62,976		61,501,860

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020

Investments	Interest Rate			Maturity Date		Principal Amount (000)		Fair Value
Banking (continued)
JPMorgan Chase & Co.		3.54%(3 Mo. LIBOR + 1.38%)	#	5/1/2028		$	11,994	$	12,674,777
JPMorgan Chase & Co.		3.90	%	7/15/2025			17,386		18,629,908
JPMorgan Chase & Co.		4.00%(SOFR + 2.75%)	#	—	(k)		3,400		2,905,725
JPMorgan Chase & Co.		4.60%(SOFR + 3.13%)	#	—	(k)		6,965		6,104,474
JPMorgan Chase & Co.		6.10%(3 Mo. LIBOR + 3.33%)	#	—	(k)		12,752		13,003,151
Leggett & Platt, Inc.		4.40	%	3/15/2029			31,431		32,517,555
Macquarie Bank Ltd. (United Kingdom)†(f)	6.125%(5 Yr. Swap rate + 3.70%)		#	—	(k)		34,980		31,511,208
Morgan Stanley		1.613%(SOFR + .70%)	#	1/20/2023			8,248		7,701,782
Morgan Stanley		3.125	%	7/27/2026			18,976		19,660,312
Morgan Stanley		3.625	%	1/20/2027			24,804		26,282,433
Popular, Inc.		6.125	%	9/14/2023			15,922		14,867,088
Royal Bank of Canada (Canada)(f)		2.196%(3 Mo. LIBOR + .36%)	#	1/17/2023			5,393		5,035,212
Santander UK Group Holdings plc (United Kingdom)†(f)		4.75	%	9/15/2025			36,032		35,920,411
US Bancorp		3.00	%	7/30/2029			13,452		13,449,056
Washington Mutual Bank(l)		6.875	%	6/15/2011			22,500		2,250	(e)
Webster Financial Corp.		4.10	%	3/25/2029			27,684		29,135,254
Wells Fargo & Co.		2.911%(3 Mo. LIBOR + 1.11%)	#	1/24/2023			8,994		8,382,572
Westpac Banking Corp. (Australia)(f)		4.11%(5 Yr Treasury CMT + 2.00%)	#	7/24/2034			19,677		19,146,245
Total									1,101,149,750
Beverages 1.09%
Bacardi Ltd.†		2.75	%	7/15/2026			20,151		19,099,151
Bacardi Ltd.†		4.70	%	5/15/2028			32,381		34,695,420
Becle SAB de CV (Mexico)†(f)		3.75	%	5/13/2025			15,764		15,126,745
Brown-Forman Corp.		3.50	%	4/15/2025			8,956		9,564,999
Brown-Forman Corp.		4.50	%	7/15/2045			18,174		21,074,333
PepsiCo, Inc.		3.60	%	3/1/2024			14,292		15,498,498
Suntory Holdings Ltd. (Japan)†(f)		2.25	%	10/16/2024			44,835		45,259,248
Total									160,318,394

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020

Investments	Interest Rate			Maturity Date	Principal Amount (000)		Fair Value
Building & Construction 0.81%
Beazer Homes USA, Inc.		7.25	%	10/15/2029	$	15,808	$	12,133,826
ITR Concession Co. LLC†		5.183	%	7/15/2035		7,658		8,866,412
Lennar Corp.		4.75	%	11/15/2022		15,303		15,078,658
Lennar Corp.		4.75	%	5/30/2025		8,420		8,156,917
Lennar Corp.		4.75	%	11/29/2027		7,613		7,636,220
PulteGroup, Inc.		6.375	%	5/15/2033		27,646		28,208,997
Shea Homes LP/Shea Homes Funding Corp.†		6.125	%	4/1/2025		13,841		13,823,629
Toll Brothers Finance Corp.		4.875	%	3/15/2027		12,916		12,186,795
Toll Brothers Finance Corp.		5.625	%	1/15/2024		14,213		13,768,773
Total								119,860,227
Building Materials 0.52%
Allegion plc (Ireland)(f)		3.50	%	10/1/2029		11,813		11,524,393
Hillman Group, Inc. (The)†		6.375	%	7/15/2022		16,692		13,097,979
Owens Corning, Inc.		4.30	%	7/15/2047		26,681		22,921,055
Owens Corning, Inc.		4.40	%	1/30/2048		15,778		13,538,601
Vulcan Materials Co.		4.50	%	6/15/2047		14,595		14,777,079
Total								75,859,107
Cable & Satellite Television 3.16%
Altice France SA (France)†(f)		8.125	%	2/1/2027		39,761		41,671,516
CCO Holdings LLC/CCO Holdings Capital Corp.†		5.125	%	5/1/2027		83,655		84,660,533
CCO Holdings LLC/CCO Holdings Capital Corp.†		5.75	%	2/15/2026		61,221		62,197,475
CCO Holdings LLC/CCO Holdings Capital Corp.†		5.875	%	4/1/2024		15,739		16,191,575
CSC Holdings LLC†		5.50	%	4/15/2027		27,834		28,959,885
CSC Holdings LLC†		5.75	%	1/15/2030		23,298		23,582,469
CSC Holdings LLC†		6.50	%	2/1/2029		13,352		14,475,103
CSC Holdings LLC†		10.875	%	10/15/2025		16,727		18,117,432
DISH DBS Corp.		7.75	%	7/1/2026		118,716		122,639,564
LCPR Senior Secured Financing DAC (Ireland)†(f)		6.75	%	10/15/2027		15,074		14,931,551
Ziggo BV (Netherlands)†(f)		5.50	%	1/15/2027		37,690		37,899,179
Total								465,326,282
Chemicals 0.74%
CF Industries, Inc.†		4.50	%	12/1/2026		23,920		25,260,701
CNAC HK Finbridge Co. Ltd. (Hong Kong)(f)		4.125	%	7/19/2027		31,514		32,731,574

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020

Investments	Interest Rate			Maturity Date		Principal Amount (000)		Fair Value
Chemicals (continued)
FMC Corp.		3.45	%	10/1/2029		$	13,468	$	13,558,949
OCI NV (Netherlands)†(f)		6.625	%	4/15/2023			13,200		12,144,000
Yingde Gases Investment Ltd. (Hong Kong)†(f)		6.25	%	1/19/2023			27,120		25,014,834
Total									108,710,058
Consumer/Commercial/Lease Financing 1.68%
AerCap Holdings NV (Ireland)(f)		5.875%(5 Yr Treasury CMT + 4.54%)	#	10/10/2079			13,326		9,265,901
American Tower Corp.		2.95	%	1/15/2025			44,909		44,945,370
Nationstar Mortgage Holdings, Inc.†		6.00	%	1/15/2027			14,444		12,358,648
Navient Corp.		5.00	%	3/15/2027			47,787		41,440,886
Navient Corp.		6.125	%	3/25/2024			31,847		30,016,753
Navient Corp.		6.75	%	6/25/2025			32,744		30,370,060
Navient Corp.		6.75	%	6/15/2026			29,958		27,727,627
Quicken Loans, Inc.†		5.25	%	1/15/2028			15,000		14,771,512
Springleaf Finance Corp.		5.375	%	11/15/2029			39,637		36,508,452
Total									247,405,209
Department Stores 0.22%
Seven & i Holdings Co. Ltd. (Japan)†(f)		3.35	%	9/17/2021			31,997		32,498,872
Discount Stores 1.10%
Amazon.com, Inc.		3.15	%	8/22/2027			28,837		31,655,949
Amazon.com, Inc.		4.25	%	8/22/2057			20,632		28,648,044
Amazon.com, Inc.		4.80	%	12/5/2034			28,691		37,366,988
Amazon.com, Inc.		5.20	%	12/3/2025			53,869		64,600,713
Total									162,271,694
Diversified Capital Goods 1.36%
BCD Acquisition, Inc.†		9.625	%	9/15/2023			15,903		13,278,528
Dover Corp.		2.95	%	11/4/2029			17,664		17,727,939
General Electric Co.		2.70	%	10/9/2022			42,741		42,095,321
General Electric Co.		3.10	%	1/9/2023			25,636		26,070,997
General Electric Co.		5.00%(3 Mo.  LIBOR + 3.33%)	#	—	(k)		48,829		40,375,479

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020

Investments	Interest Rate			Maturity Date	Principal Amount (000)		Fair Value
Diversified Capital Goods (continued)
Siemens Financieringsmaatschappij NV (Netherlands)†(f)		3.25	%	5/27/2025	$	13,036	$	13,613,710
SPX FLOW, Inc.†		5.625	%	8/15/2024		8,609		8,426,016
SPX FLOW, Inc.†		5.875	%	8/15/2026		14,947		14,476,805
Westinghouse Air Brake Technologies Corp.		3.45	%	11/15/2026		17,989		16,632,247
Westinghouse Air Brake Technologies Corp.		4.95	%	9/15/2028		8,995		8,289,774
Total								200,986,816
Electric: Distribution/Transportation 0.58%
Adani Transmission Ltd. (India)†(f)		4.25	%	5/21/2036		13,508		12,216,725
Atlantic City Electric Co.		4.00	%	10/15/2028		13,493		14,519,135
Oklahoma Gas & Electric Co.		3.85	%	8/15/2047		10,634		10,109,216
Oklahoma Gas & Electric Co.		4.15	%	4/1/2047		11,379		11,146,056
State Grid Overseas Investment 2016 Ltd.†		3.50	%	5/4/2027		35,150		37,666,452
Total								85,657,584
Electric: Generation 1.58%
Acwa Power Management & Investments One Ltd. (Saudi Arabia)†(f)		5.95	%	12/15/2039		9,739		8,862,490
Adani Renewable Energy RJ Ltd./Kodangal Solar Parks Pvt Ltd/Wardha Solar Maharash (India)†(f)		4.625	%	10/15/2039		8,400		7,623,000
Calpine Corp.†		5.125	%	3/15/2028		5,076		4,707,990
Calpine Corp.†		5.25	%	6/1/2026		10,457		10,007,009
Clearway Energy Operating LLC†		4.75	%	3/15/2028		8,966		8,349,588
Clearway Energy Operating LLC		5.75	%	10/15/2025		15,737		15,678,065
Exelon Corp.		4.05	%	4/15/2030		11,219		11,133,788
Greenko Solar Mauritius Ltd. (Mauritius)†(f)		5.95	%	7/29/2026		11,663		9,677,416
NextEra Energy Operating Partners LP†		3.875	%	10/15/2026		46,654		44,583,589
NextEra Energy Operating Partners LP†		4.50	%	9/15/2027		19,300		18,951,973
NRG Energy, Inc.		5.75	%	1/15/2028		45,435		46,595,864
NSG Holdings LLC/NSG Holdings, Inc.†		7.75	%	12/15/2025		18,747		18,910,644
TerraForm Power Operating LLC†		4.75	%	1/15/2030		19,948		19,460,271
TerraForm Power Operating LLC†		5.00	%	1/31/2028		7,569		7,972,806
Total								232,514,493

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020

Investments	Interest Rate			Maturity Date	Principal Amount (000)		Fair Value
Electric: Integrated 3.39%
AES Corp. (The)		4.50	%	3/15/2023	$	12,314	$	12,144,744
AES Corp. (The)		5.125	%	9/1/2027		12,496		12,596,343
Arizona Public Service Co.		2.95	%	9/15/2027		13,385		13,459,143
Ausgrid Finance Pty Ltd. (Australia)†(f)		4.35	%	8/1/2028		13,786		15,561,273
Avangrid, Inc.		3.80	%	6/1/2029		6,282		6,444,649
Black Hills Corp.		4.35	%	5/1/2033		13,491		16,543,841
Dayton Power & Light Co. (The)†		3.95	%	6/15/2049		10,775		11,021,545
DPL, Inc.†		4.35	%	4/15/2029		17,956		17,145,786
El Paso Electric Co.		5.00	%	12/1/2044		20,062		24,004,922
Electricite de France SA (France)†(f)		3.625	%	10/13/2025		13,500		13,922,122
Electricite de France SA (France)†(f)		4.50	%	9/21/2028		14,507		16,020,984
Empresa de Transmision Electrica SA (Panama)†(f)		5.125	%	5/2/2049		14,430		14,723,001
Empresas Publicas de Medellin ESP (Colombia)†(f)		4.25	%	7/18/2029		9,449		8,135,991
Enel Finance International NV (Netherlands)†(f)		2.65	%	9/10/2024		28,508		27,269,035
Enel Finance International NV (Netherlands)†(f)		3.50	%	4/6/2028		45,048		45,348,059
Entergy Arkansas LLC		4.00	%	6/1/2028		18,151		19,706,538
Entergy Arkansas LLC		4.95	%	12/15/2044		16,883		18,014,645
Entergy Louisiana LLC		4.00	%	3/15/2033		10,745		11,944,785
Entergy Mississippi LLC		2.85	%	6/1/2028		19,150		19,289,640
Florida Power & Light Co.		2.85	%	4/1/2025		15,868		16,698,613
Indianapolis Power & Light Co.†		4.05	%	5/1/2046		24,503		25,801,993
Louisville Gas & Electric Co.		4.375	%	10/1/2045		15,039		16,925,260
Monongahela Power Co.†		3.55	%	5/15/2027		13,657		14,609,326
NRG Energy, Inc.†		3.75	%	6/15/2024		27,446		27,246,405
NRG Energy, Inc.†		5.25	%	6/15/2029		7,483		7,749,021
Ohio Power Co.		4.00	%	6/1/2049		13,988		14,497,870
Ohio Power Co.		4.15	%	4/1/2048		12,877		13,585,984
Puget Sound Energy, Inc.		4.223	%	6/15/2048		13,467		15,640,432
Rochester Gas & Electric Corp.†		3.10	%	6/1/2027		13,724		13,552,960
Sierra Pacific Power Co.		2.60	%	5/1/2026		9,730		9,750,193
Total								499,355,103
Electronics 1.44%
Amphenol Corp.		2.05	%	3/1/2025		13,443		12,756,842
Amphenol Corp.		2.80	%	2/15/2030		31,417		28,786,006
KLA Corp.		4.10	%	3/15/2029		29,229		31,921,519
Lam Research Corp.		4.875	%	3/15/2049		17,958		23,407,418

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020

Investments	Interest Rate			Maturity Date	Principal Amount (000)		Fair Value
Electronics (continued)
Micron Technology, Inc.		5.327	%	2/6/2029	$	25,257	$	27,781,803
NVIDIA Corp.		3.20	%	9/16/2026		29,939		32,444,458
Trimble, Inc.		4.75	%	12/1/2024		31,261		32,909,040
Xilinx, Inc.		2.95	%	6/1/2024		22,061		22,032,231
Total								212,039,317
Energy: Exploration & Production 1.88%
Apache Corp.		4.25	%	1/15/2030		31,384		16,682,967
Berry Petroleum Co. LLC†		7.00	%	2/15/2026		18,176		7,425,668
Callon Petroleum Co.		6.125	%	10/1/2024		17,958		3,322,230
Centennial Resource Production LLC†		5.375	%	1/15/2026		26,979		6,705,428
Centennial Resource Production LLC†		6.875	%	4/1/2027		33,567		8,457,793
Endeavor Energy Resources LP/EER Finance, Inc.†		5.50	%	1/30/2026		15,868		11,062,813
Endeavor Energy Resources LP/EER Finance, Inc.†		5.75	%	1/30/2028		15,020		10,296,961
HighPoint Operating Corp.		7.00	%	10/15/2022		16,592		8,684,850
Hilcorp Energy I LP/Hilcorp Finance Co.†		5.00	%	12/1/2024		19,212		9,005,529
Hilcorp Energy I LP/Hilcorp Finance Co.†		6.25	%	11/1/2028		20,006		8,973,541
Hunt Oil Co. of Peru LLC Sucursal Del Peru (Peru)†(f)		6.375	%	6/1/2028		23,608		15,948,384
Indigo Natural Resources LLC†		6.875	%	2/15/2026		27,082		18,079,266
Jagged Peak Energy LLC		5.875	%	5/1/2026		15,687		11,842,391
Laredo Petroleum, Inc.		9.50	%	1/15/2025		461		186,129
Laredo Petroleum, Inc.		10.125	%	1/15/2028		25,212		9,769,650
MEG Energy Corp. (Canada)†(f)		7.00	%	3/31/2024		20,154		9,422,096
MEG Energy Corp. (Canada)†(f)		7.125	%	2/1/2027		48,847		24,667,735
Murphy Oil Corp.		5.75	%	8/15/2025		14,826		8,026,129
Murphy Oil Corp.		5.875	%	12/1/2027		15,253		8,031,467
Murphy Oil Corp.		6.875	%	8/15/2024		10,558		6,321,655
Oasis Petroleum, Inc.†		6.25	%	5/1/2026		9,590		1,607,044
Oasis Petroleum, Inc.		6.875	%	3/15/2022		16,738		3,431,290
OGX Austria GmbH (Brazil)†(f)(l)		8.50	%	6/1/2018		20,000		400
Parsley Energy LLC/Parsley Finance Corp.†		5.375	%	1/15/2025		3,519		2,744,644
Parsley Energy LLC/Parsley Finance Corp.†		5.625	%	10/15/2027		23,096		16,410,863
PDC Energy, Inc.		5.75	%	5/15/2026		13,302		7,538,576
SM Energy Co.		6.625	%	1/15/2027		22,859		6,812,725
SM Energy Co.		6.75	%	9/15/2026		17,841		5,504,707
Texaco Capital, Inc.		8.625	%	11/15/2031		11,023		17,279,668
W&T Offshore, Inc.†		9.75	%	11/1/2023		14,950		3,625,824
WPX Energy, Inc.		5.25	%	10/15/2027		15,243		8,468,249
Total								276,336,672

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020

Investments	Interest Rate			Maturity Date	Principal Amount (000)		Fair Value
Environmental 0.08%
Waste Pro USA, Inc.†		5.50	%	2/15/2026	$	13,381	$	12,508,124
Food & Drug Retailers 0.35%
Albertsons Cos, Inc. / Safeway, Inc. / New Albertsons LP / Albertsons LLC†		4.625	%	1/15/2027		10,224		10,229,623
Albertsons Cos, Inc. / Safeway, Inc. / New Albertsons LP / Albertsons LLC†		4.875	%	2/15/2030		17,549		17,505,128
Rite Aid Corp.†		6.125	%	4/1/2023		28,216		24,477,380
Total								52,212,131
Food: Wholesale 2.19%
Arcor SAIC (Argentina)†(f)		6.00	%	7/6/2023		26,221		19,462,799
BRF SA (Brazil)†(f)		4.875	%	1/24/2030		17,826		15,054,057
Chobani LLC/Chobani Finance Corp., Inc.†		7.50	%	4/15/2025		25,074		23,004,643
FAGE International SA/FAGE USA Dairy Industry, Inc. (Luxembourg)†(f)		5.625	%	8/15/2026		18,758		14,979,060
General Mills, Inc.		2.875	%	4/15/2030		7,342		7,356,625
JBS USA LUX SA/JBS USA Finance, Inc.†		6.75	%	2/15/2028		49,605		53,228,645
Kraft Heinz Foods Co.†		3.75	%	4/1/2030		10,503		10,041,955
Kraft Heinz Foods Co.		4.375	%	6/1/2046		18,370		16,654,683
Kraft Heinz Foods Co.		4.625	%	1/30/2029		5,403		5,458,054
Kraft Heinz Foods Co.		5.00	%	7/15/2035		12,508		12,519,285
Kraft Heinz Foods Co.		5.00	%	6/4/2042		18,238		17,366,366
Lamb Weston Holdings, Inc.†		4.625	%	11/1/2024		12,447		12,338,151
McCormick & Co., Inc.		4.20	%	8/15/2047		21,326		23,399,567
MHP Lux SA (Luxembourg)†(f)		6.95	%	4/3/2026		16,630		13,493,233
Performance Food Group, Inc.†		5.50	%	10/15/2027		15,421		14,419,792
Smithfield Foods, Inc.†		5.20	%	4/1/2029		34,832		35,155,372
Sysco Corp.		2.40	%	2/15/2030		17,926		14,821,347
Sysco Corp.		5.65	%	4/1/2025		3,233		3,369,910
Sysco Corp.		6.60	%	4/1/2050		10,289		11,217,983
Total								323,341,527
Forestry/Paper 0.08%
Norbord, Inc. (Canada)†(f)		6.25	%	4/15/2023		12,245		11,923,508

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020

Investments	Interest Rate			Maturity Date	Principal Amount (000)		Fair Value
Gaming 1.51%
Boyd Gaming Corp.†		4.75	%	12/1/2027	$	11,657	$	9,681,721
Boyd Gaming Corp.		6.00	%	8/15/2026		13,793		11,979,807
Churchill Downs, Inc.†		5.50	%	4/1/2027		2,668		2,529,397
Eldorado Resorts, Inc.		6.00	%	4/1/2025		7,234		6,555,849
Eldorado Resorts, Inc.		6.00	%	9/15/2026		13,521		12,278,718
Everi Payments, Inc.†		7.50	%	12/15/2025		10,576		8,130,247
GLP Capital LP/GLP Financing II, Inc.		5.75	%	6/1/2028		18,808		16,751,674
Golden Nugget, Inc.†		6.75	%	10/15/2024		3,596		2,291,947
Jacobs Entertainment, Inc.†		7.875	%	2/1/2024		7,022		5,977,442
Las Vegas Sands Corp.		3.90	%	8/8/2029		15,210		13,232,843
Mohegan Gaming & Entertainment†		7.875	%	10/15/2024		16,392		12,273,428
Penn National Gaming, Inc.†		5.625	%	1/15/2027		25,676		19,267,591
Scientific Games International, Inc.†		7.00	%	5/15/2028		16,124		10,005,748
Scientific Games International, Inc.†		7.25	%	11/15/2029		16,014		9,999,942
Stars Group Holdings BV/Stars Group US Co-Borrower LLC (Netherlands)†(f)		7.00	%	7/15/2026		13,242		12,523,622
Station Casinos LLC†		5.00	%	10/1/2025		27,359		22,990,041
Wynn Macau Ltd. (Macau)†(f)		5.125	%	12/15/2029		17,912		15,180,420
Wynn Macau Ltd. (Macau)†(f)		5.50	%	10/1/2027		33,682		30,111,119
Total								221,761,556
Gas Distribution 1.34%
Buckeye Partners LP		6.375%(3 Mo.  LIBOR + 4.02%)	#	1/22/2078		31,990		14,725,157
Dominion Energy Gas Holdings LLC		3.60	%	12/15/2024		12,050		12,432,459
Florida Gas Transmission Co. LLC†		4.35	%	7/15/2025		18,069		18,745,293
Midwest Connector Capital Co. LLC†		4.625	%	4/1/2029		31,439		30,369,252
NGPL PipeCo LLC†		4.875	%	8/15/2027		32,573		29,076,247
Northern Natural Gas Co.†		4.30	%	1/15/2049		20,972		21,920,865
ONE Gas, Inc.		4.50	%	11/1/2048		13,497		15,937,261
Sabal Trail Transmission LLC†		4.246	%	5/1/2028		20,166		19,933,656
Southern Star Central Corp.†		5.125	%	7/15/2022		10,145		10,045,471
Transportadora de Gas Internacional SA ESP (Colombia)†(f)		5.55	%	11/1/2028		24,773		24,030,863
Total								197,216,524
Health Facilities 2.90%
AHP Health Partners, Inc.†		9.75	%	7/15/2026		15,527		13,568,958
Ascension Health		3.945	%	11/15/2046		8,881		10,358,472
CHS/Community Health Systems, Inc.†		8.125	%	6/30/2024		19,548		13,690,442

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020

Investments	Interest Rate			Maturity Date	Principal Amount (000)		Fair Value
Health Facilities (continued)
Dignity Health		3.812	%	11/1/2024	$	7,500	$	7,952,761
HCA, Inc.		5.50	%	6/15/2047		50,149		54,970,725
HCA, Inc.		7.05	%	12/1/2027		3,490		3,607,788
HCA, Inc.		7.58	%	9/15/2025		5,778		5,980,230
HCA, Inc.		7.69	%	6/15/2025		12,776		13,526,526
HCA, Inc.		8.36	%	4/15/2024		2,295		2,375,325
LifePoint Health, Inc.†		4.375	%	2/15/2027		23,505		22,317,997
MEDNAX, Inc.†		6.25	%	1/15/2027		27,016		21,884,986
Memorial Sloan-Kettering Cancer Center		4.20	%	7/1/2055		28,034		34,029,008
Mount Sinai Hospitals Group, Inc.		3.737	%	7/1/2049		21,163		21,818,686
MPT Operating Partnership LP/MPT Finance Corp.		5.00	%	10/15/2027		14,011		13,696,803
New York & Presbyterian Hospital (The)		4.063	%	8/1/2056		16,078		19,301,300
NYU Langone Hospitals		4.368	%	7/1/2047		12,348		13,250,850
Providence St. Joseph Health Obligated Group		2.532	%	10/1/2029		14,960		14,693,699
Rede D’or Finance Sarl (Luxembourg)†(f)		4.95	%	1/17/2028		20,352		18,658,714
RegionalCare Hospital Partners Holdings, Inc./LifePoint Health, Inc.†		9.75	%	12/1/2026		20,282		19,363,732
Surgery Center Holdings, Inc.†		10.00	%	4/15/2027		15,305		10,844,243
Tenet Healthcare Corp.		5.125	%	5/1/2025		20,960		19,964,400
Tenet Healthcare Corp.†		4.875	%	1/1/2026		11,230		10,738,688
Tenet Healthcare Corp.†		6.25	%	2/1/2027		42,711		41,803,391
Tenet Healthcare Corp.		6.75	%	6/15/2023		19,692		18,289,043
Total								426,686,767
Health Services 0.57%
CVS Health Corp.		3.625	%	4/1/2027		13,462		13,816,270
DaVita, Inc.		5.00	%	5/1/2025		14,587		14,659,133
Hadrian Merger Sub, Inc.†		8.50	%	5/1/2026		16,256		12,249,587
Montefiore Obligated Group		5.246	%	11/1/2048		18,042		18,675,199
Verscend Escrow Corp.†		9.75	%	8/15/2026		23,792		23,927,496
Total								83,327,685
Hotels 0.50%
Hilton Domestic Operating Co., Inc.		4.875	%	1/15/2030		18,327		15,705,643
Hilton Domestic Operating Co., Inc.		5.125	%	5/1/2026		42,165		40,733,182
Wyndham Destinations, Inc.		5.75	%	4/1/2027		8,665		7,309,296
Wyndham Destinations, Inc.		6.35	%	10/1/2025		12,105		10,274,058
Total								74,022,179

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020

Investments	Interest Rate			Maturity Date	Principal Amount (000)		Fair Value
Insurance Brokerage 0.22%
Farmers Insurance Exchange†		4.747%(3 Mo.  LIBOR + 3.23%)	#	11/1/2057	$	15,790	$	16,853,099
HUB International Ltd.†		7.00	%	5/1/2026		15,861		15,822,537
Total								32,675,636
Integrated Energy 0.90%
Cenovus Energy, Inc. (Canada)(f)		5.40	%	6/15/2047		55,330		25,250,953
Exxon Mobil Corp.		3.043	%	3/1/2026		23,752		25,157,429
Hess Corp.		5.60	%	2/15/2041		33,949		23,287,339
Hess Corp.		5.80	%	4/1/2047		25,860		17,029,909
Shell International Finance BV (Netherlands)(f)		6.375	%	12/15/2038		28,912		41,387,306
Total								132,112,936
Investments & Miscellaneous Financial Services 0.46%
AG Issuer LLC†		6.25	%	3/1/2028		7,470		6,330,825
AI Candelaria Spain SLU (Spain)†(f)		7.50	%	12/15/2028		14,296		10,701,164
Global Aircraft Leasing Co. Ltd. PIK 7.25%†		6.50	%	9/15/2024		28,007		18,246,561
Neuberger Berman Group LLC/Neuberger Berman Finance Corp.†		4.875	%	4/15/2045		27,236		24,947,835
Power Finance Corp. Ltd. (India)†(f)		6.15	%	12/6/2028		6,909		6,970,000
Total								67,196,385
Life Insurance 0.50%
AIA Group Ltd. (Hong Kong)†(b)		3.375	%	4/7/2030		10,612		10,741,594
Northwestern Mutual Life Insurance Co. (The)†		3.85	%	9/30/2047		28,610		24,335,154
Nuveen Finance LLC†		4.125	%	11/1/2024		7,927		7,584,838
Teachers Insurance & Annuity Association of America†		4.27	%	5/15/2047		17,804		17,181,871
Teachers Insurance & Annuity Association of America†		4.90	%	9/15/2044		12,705		14,510,475
Total								74,353,932
Machinery 0.30%
Itron, Inc.†		5.00	%	1/15/2026		14,399		13,802,054
Roper Technologies, Inc.		4.20	%	9/15/2028		19,379		20,908,469
Xylem, Inc.		3.25	%	11/1/2026		8,884		9,425,796
Total								44,136,319

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020

Investments	Interest Rate			Maturity Date	Principal Amount (000)		Fair Value
Managed Care 1.00%
Centene Corp.†		3.375	%	2/15/2030	$	22,765	$	21,256,819
Centene Corp.†		4.25	%	12/15/2027		17,954		18,087,757
Centene Corp.†		4.625	%	12/15/2029		16,030		16,199,116
Centene Corp.		4.75	%	1/15/2025		8,928		9,095,445
Centene Corp.†		5.375	%	6/1/2026		20,972		21,719,862
Kaiser Foundation Hospitals		4.15	%	5/1/2047		17,628		20,576,947
Molina Healthcare, Inc.†		4.875	%	6/15/2025		19,176		18,864,294
MPH Acquisition Holdings LLC†		7.125	%	6/1/2024		24,490		21,490,710
Total								147,290,950
Media: Content 1.73%
AMC Networks, Inc.		4.75	%	8/1/2025		27,032		26,457,705
Diamond Sports Group LLC/Diamond Sports Finance Co.†		5.375	%	8/15/2026		21,419		17,523,783
Gray Television, Inc.†		5.875	%	7/15/2026		9,833		9,521,786
Netflix, Inc.(d)		3.625	%	5/15/2027	EUR	50,197		55,251,517
Netflix, Inc.(d)		3.625	%	6/15/2030	EUR	5,000		5,418,457
Netflix, Inc.†(d)		3.625	%	6/15/2030	EUR	13,504		14,634,167
Netflix, Inc.†(d)		3.875	%	11/15/2029	EUR	9,011		9,781,461
Netflix, Inc.		4.875	%	4/15/2028	$	36,655		37,665,762
Netflix, Inc.		5.50	%	2/15/2022		5,323		5,456,075
Nexstar Broadcasting, Inc.†		5.625	%	7/15/2027		21,469		21,105,100
Sirius XM Radio, Inc.†		5.00	%	8/1/2027		11,533		11,768,850
Sirius XM Radio, Inc.†		5.375	%	7/15/2026		10,495		10,702,539
Univision Communications, Inc.†		5.125	%	2/15/2025		33,820		29,085,200
Total								254,372,402
Media: Diversified 0.44%
Cable Onda SA (Panama)†(f)		4.50	%	1/30/2030		17,683		15,659,180
Prosus NV (Netherlands)†(f)		3.68	%	1/21/2030		28,534		25,917,846
TWDC Enterprises 18 Corp.		2.35	%	12/1/2022		22,526		22,917,228
Total								64,494,254
Medical Products 0.40%
Baxter International, Inc.†		3.75	%	10/1/2025		13,842		14,729,947
Boston Scientific Corp.		7.00	%	11/15/2035		16,135		21,887,934
Edwards Lifesciences Corp.		4.30	%	6/15/2028		20,927		22,865,012
Total								59,482,893

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020

Investments	Interest Rate			Maturity Date	Principal Amount (000)		Fair Value
Metals/Mining (Excluding Steel) 0.99%
Baffinland Iron Mines Corp./Baffinland Iron Mines LP (Canada)†(f)		8.75	%	7/15/2026	$	18,211	$	16,288,829
Freeport-McMoRan, Inc.		3.875	%	3/15/2023		65,271		62,578,898
Freeport-McMoRan, Inc.		4.125	%	3/1/2028		11,761		10,339,565
Freeport-McMoRan, Inc.		4.25	%	3/1/2030		12,291		10,724,512
Freeport-McMoRan, Inc.		5.25	%	9/1/2029		11,700		11,089,845
Hecla Mining Co.		7.25	%	2/15/2028		11,182		9,929,616
Mirabela Nickel Ltd. (Australia)		1.00	%	9/10/2044		185		18	(e)
Rain CII Carbon LLC/CII Carbon Corp.†		7.25	%	4/1/2025		16,848		14,278,175
Warrior Met Coal, Inc.†		8.00	%	11/1/2024		12,995		10,810,216
Total								146,039,674
Monoline Insurance 0.08%
MGIC Investment Corp.		5.75	%	8/15/2023		11,820		11,046,558
Multi-Line Insurance 0.10%
Assurant, Inc.		3.70	%	2/22/2030		14,558		14,313,158
Non-Electric Utilities 0.08%
Brooklyn Union Gas Co. (The)†		3.407	%	3/10/2026		11,916		12,321,819
Oil Field Equipment & Services 0.52%
Abu Dhabi Crude Oil Pipeline LLC (United Arab Emirates)†(f)		4.60	%	11/2/2047		28,472		28,366,397
Nabors Industries Ltd.†		7.25	%	1/15/2026		10,019		3,481,603
Nabors Industries Ltd.†		7.50	%	1/15/2028		6,721		2,201,128
Oceaneering International, Inc.		4.65	%	11/15/2024		11,763		4,793,422
Oceaneering International, Inc.		6.00	%	2/1/2028		25,383		9,936,366
Transocean Phoenix 2 Ltd.†		7.75	%	10/15/2024		6,547		5,704,194
Transocean Pontus Ltd.†		6.125	%	8/1/2025		11,838		9,677,042
Transocean Proteus Ltd.†		6.25	%	12/1/2024		9,275		7,501,110
Transocean, Inc.		6.80	%	3/15/2038		20,269		4,819,968
Total								76,481,230
Oil Refining & Marketing 0.56%
Citgo Holding, Inc.†		9.25	%	8/1/2024		21,838		17,961,755
PBF Holding Co. LLC / PBF Finance Corp.†		6.00	%	2/15/2028		17,350		11,798,000
Saudi Arabian Oil Co. (Saudi Arabia)†(f)		4.375	%	4/16/2049		53,093		53,012,993
Total								82,772,748

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020

Investments	Interest Rate			Maturity Date	Principal Amount (000)		Fair Value
Packaging 0.38%
Crown Cork & Seal Co., Inc.		7.375	%	12/15/2026	$	11,810	$	12,206,137
Mauser Packaging Solutions Holding Co.†		7.25	%	4/15/2025		24,443		18,699,628
Sealed Air Corp.†		6.875	%	7/15/2033		12,427		12,557,701
Trivium Packaging Finance BV (Netherlands)†(f)		5.50	%	8/15/2026		12,480		12,487,763
Total								55,951,229
Personal & Household Products 1.52%
Coty, Inc.†		6.50	%	4/15/2026		19,236		17,169,573
Hasbro, Inc.		3.90	%	11/19/2029		44,903		40,680,757
Hasbro, Inc.		5.10	%	5/15/2044		24,241		20,328,962
Mattel, Inc.†		5.875	%	12/15/2027		16,278		16,693,903
Mattel, Inc.†		6.75	%	12/31/2025		23,059		23,664,414
Newell Brands, Inc.		4.20	%	4/1/2026		76,643		75,136,885
Newell Brands, Inc.		5.625	%	4/1/2036		15,478		15,414,512
SC Johnson & Son, Inc.†		4.75	%	10/15/2046		12,635		15,049,917
Total								224,138,923
Pharmaceuticals 0.96%
AbbVie, Inc.†		3.20	%	11/21/2029		26,942		27,652,603
AbbVie, Inc.†		4.25	%	11/21/2049		14,179		15,492,615
Bausch Health Americas, Inc.†		8.50	%	1/31/2027		18,551		19,488,753
Bausch Health Cos, Inc.†		5.00	%	1/30/2028		8,405		8,020,051
Bausch Health Cos, Inc.†		5.25	%	1/30/2030		10,346		9,751,105
Bausch Health Cos., Inc.†		6.125	%	4/15/2025		8,609		8,533,714
Bausch Health Cos., Inc.†		7.00	%	3/15/2024		12,232		12,614,311
Pfizer, Inc.		2.625	%	4/1/2030		13,461		14,143,429
Teva Pharmaceutical Finance Co. BV (Curacao)(f)		2.95	%	12/18/2022		10,936		10,084,742
Teva Pharmaceutical Finance Co. BV (Curacao)(f)		3.65	%	11/10/2021		1,682		1,626,074
Zoetis, Inc.		3.90	%	8/20/2028		13,486		14,057,764
Total								141,465,161
Property & Casualty 0.33%
Allstate Corp. (The)		3.28	%	12/15/2026		13,471		14,006,332
Arch Capital Finance LLC		4.011	%	12/15/2026		13,319		13,487,933
Selective Insurance Group, Inc.		5.375	%	3/1/2049		19,241		20,393,142
Total								47,887,407

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020

Investments	Interest Rate			Maturity Date	Principal Amount (000)		Fair Value
Rail 0.37%
Central Japan Railway Co. (Japan)†(f)		4.25	%	11/24/2045	$	17,006	$	21,339,796
China Railway Xunjie Co. Ltd. (China)(f)		3.25	%	7/28/2026		13,800		14,552,026
Rumo Luxembourg Sarl (Luxembourg)†(f)		5.875	%	1/18/2025		20,674		19,252,559
Total								55,144,381
Real Estate Development & Management 0.26%
Kaisa Group Holdings Ltd. (China)(f)		9.375	%	6/30/2024		17,500		13,562,291
Ontario Teachers’ Cadillac Fairview Properties Trust (Canada)†(f)		3.875	%	3/20/2027		23,275		24,302,361
Total								37,864,652
Real Estate Investment Trusts 1.75%
Alexandria Real Estate Equities, Inc.		3.80	%	4/15/2026		6,288		6,322,309
Alexandria Real Estate Equities, Inc.		3.95	%	1/15/2028		14,750		15,140,646
Brixmor Operating Partnership LP		4.125	%	5/15/2029		24,245		24,911,691
CyrusOne LP / CyrusOne Finance Corp.		3.45	%	11/15/2029		3,104		2,757,159
EPR Properties		4.50	%	6/1/2027		13,546		12,173,916
Goodman US Finance Four LLC†		4.50	%	10/15/2037		12,258		14,941,168
Goodman US Finance Three LLC†		3.70	%	3/15/2028		7,763		7,328,369
Hudson Pacific Properties LP		3.25	%	1/15/2030		31,446		29,186,193
Hudson Pacific Properties LP		3.95	%	11/1/2027		20,493		19,568,630
Hudson Pacific Properties LP		4.65	%	4/1/2029		8,167		8,399,259
Kimco Realty Corp.		3.70	%	10/1/2049		18,345		15,030,287
National Retail Properties, Inc.		4.30	%	10/15/2028		20,243		20,665,349
Prologis LP		3.875	%	9/15/2028		8,980		9,313,832
Prologis LP		4.375	%	2/1/2029		12,550		14,138,074
Spirit Realty LP		3.40	%	1/15/2030		32,060		27,644,530
Spirit Realty LP		4.00	%	7/15/2029		14,692		14,405,079
VEREIT Operating Partnership LP		4.875	%	6/1/2026		17,065		16,472,717
Total								258,399,208
Recreation & Travel 0.36%
Motion Bondco DAC (Ireland)†(f)		6.625	%	11/15/2027		8,041		5,829,725
Royal Caribbean Cruises Ltd.		3.70	%	3/15/2028		3,137		1,980,076
Royal Caribbean Cruises Ltd.		7.50	%	10/15/2027		16,918		12,533,680
Silversea Cruise Finance Ltd.†		7.25	%	2/1/2025		18,091		15,535,556
Viking Cruises Ltd.†		5.875	%	9/15/2027		29,654		17,515,432
Total								53,394,469

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020

Investments	Interest Rate			Maturity Date	Principal Amount (000)		Fair Value
Reinsurance 0.66%
AXIS Specialty Finance plc (United Kingdom)(f)		5.15	%	4/1/2045	$	21,094	$	23,214,644
Berkshire Hathaway, Inc.		2.75	%	3/15/2023		7,903		8,235,883
Berkshire Hathaway, Inc.		3.125	%	3/15/2026		7,903		8,485,393
PartnerRe Finance B LLC		3.70	%	7/2/2029		26,944		30,523,863
Transatlantic Holdings, Inc.		8.00	%	11/30/2039		17,809		26,530,576
Total								96,990,359
Restaurants 0.81%
Darden Restaurants, Inc.		4.55	%	2/15/2048		13,481		10,544,380
IRB Holding Corp.†		6.75	%	2/15/2026		24,585		19,580,908
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America LLC†		4.75	%	6/1/2027		25,312		23,969,641
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America LLC†		5.00	%	6/1/2024		14,574		14,373,680
McDonald’s Corp.		3.30	%	7/1/2025		5,769		5,978,850
Starbucks Corp.		4.45	%	8/15/2049		39,350		45,162,412
Total								119,609,871
Software/Services 2.45%
Autodesk, Inc.		3.50	%	6/15/2027		27,008		27,853,275
Banff Merger Sub, Inc.†		9.75	%	9/1/2026		15,289		13,570,134
Global Payments, Inc.		4.15	%	8/15/2049		22,442		21,741,154
Go Daddy Operating Co. LLC/GD Finance Co., Inc.†		5.25	%	12/1/2027		11,226		11,391,583
GrubHub Holdings, Inc.†		5.50	%	7/1/2027		17,074		15,205,251
j2 Cloud Services LLC/j2 Global Co-Obligor, Inc.†		6.00	%	7/15/2025		13,134		13,117,517
Match Group, Inc.†		5.00	%	12/15/2027		22,260		21,448,456
Microsoft Corp.		3.125	%	11/3/2025		40,202		44,125,732
Microsoft Corp.		3.30	%	2/6/2027		26,383		29,347,728
PTC, Inc.†		3.625	%	2/15/2025		9,220		8,689,850
PTC, Inc.†		4.00	%	2/15/2028		15,408		14,911,862
salesforce.com, Inc.		3.70	%	4/11/2028		17,807		19,697,031
Tencent Holdings Ltd. (China)†(f)		3.595	%	1/19/2028		19,777		21,045,960
Tencent Holdings Ltd. (China)†(f)		3.925	%	1/19/2038		23,479		26,582,708
VeriSign, Inc.		4.75	%	7/15/2027		21,815		22,730,139
VeriSign, Inc.		5.25	%	4/1/2025		15,945		16,403,498
Veritas US, Inc. / Veritas Bermuda Ltd.†		10.50	%	2/1/2024		20,022		17,043,627
Visa, Inc.		3.15	%	12/14/2025		14,645		15,990,061
Total								360,895,566

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020

Investments	Interest Rate			Maturity Date	Principal Amount (000)		Fair Value
Specialty Retail 1.42%
Asbury Automotive Group, Inc.†		4.50	%	3/1/2028	$	9,238	$	7,921,585
Asbury Automotive Group, Inc.†		4.75	%	3/1/2030		2,253		1,931,947
Best Buy Co., Inc.		4.45	%	10/1/2028		18,906		19,443,020
Carvana Co.†		8.875	%	10/1/2023		133		126,678
eG Global Finance plc (United Kingdom)†(f)		8.50	%	10/30/2025		22,482		20,149,605
JD.com, Inc. (China)(f)		3.375	%	1/14/2030		16,606		16,650,784
JD.com, Inc. (China)(f)		4.125	%	1/14/2050		15,650		16,058,684
Murphy Oil USA, Inc.		4.75	%	9/15/2029		14,991		14,137,263
NIKE, Inc.		2.40	%	3/27/2025		20,735		21,509,194
PetSmart, Inc.†		5.875	%	6/1/2025		15,768		15,649,740
PetSmart, Inc.†		7.125	%	3/15/2023		17,395		16,516,552
Tiffany & Co.		4.90	%	10/1/2044		24,318		32,990,697
Under Armour, Inc.		3.25	%	6/15/2026		16,094		13,679,047
WW International, Inc.†		8.625	%	12/1/2025		14,318		12,402,896
Total								209,167,692
Steel Producers/Products 0.35%
Allegheny Technologies, Inc.		7.875	%	8/15/2023		17,595		17,084,129
CSN Islands XI Corp.†		6.75	%	1/28/2028		26,705		17,224,458
CSN Resources SA (Brazil)†(f)		7.625	%	4/17/2026		15,335		10,071,338
Joseph T Ryerson & Son, Inc.†		11.00	%	5/15/2022		6,884		6,453,605
Total								50,833,530
Support: Services 2.17%
Ahern Rentals, Inc.†		7.375	%	5/15/2023		20,365		11,786,142
Ashtead Capital, Inc.†		4.375	%	8/15/2027		15,655		14,520,013
Brand Industrial Service, Inc.†		8.50	%	7/15/2025		24,863		19,708,154
Brink’s Co. (The)†		4.625	%	10/15/2027		27,980		26,006,501
Cleveland Clinic Foundation (The)		4.858	%	1/1/2114		8,223		10,241,541
Cloud Crane LLC†		10.125	%	8/1/2024		15,146		12,022,213
Georgetown University (The)		2.943	%	4/1/2050		17,968		17,428,443
IHS Markit Ltd. (United Kingdom)†(f)		4.00	%	3/1/2026		29,435		29,409,980
IHS Markit Ltd. (United Kingdom)(f)		4.25	%	5/1/2029		6,511		6,909,864
IHS Markit Ltd. (United Kingdom)(f)		4.75	%	8/1/2028		21,574		22,728,802

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020

Investments	Interest Rate			Maturity Date	Principal Amount (000)		Fair Value
Support: Services (continued)
Johns Hopkins University		2.813	%	1/1/2060	$	10,114	$	9,179,016
Marble II Pte Ltd. (Singapore)†(f)		5.30	%	6/20/2022		15,805		14,207,591
Metropolitan Museum of Art (The)		3.40	%	7/1/2045		26,471		32,727,834
Presidio Holdings, Inc.†		4.875	%	2/1/2027		1,463		1,324,929
Ritchie Bros Auctioneers, Inc. (Canada)†(f)		5.375	%	1/15/2025		13,118		13,331,233
Uber Technologies, Inc.†		8.00	%	11/1/2026		15,289		15,182,474
United Rentals North America, Inc.		4.625	%	10/15/2025		11,437		10,879,389
United Rentals North America, Inc.		4.875	%	1/15/2028		21,596		21,067,978
United Rentals North America, Inc.		5.875	%	9/15/2026		6,713		6,849,777
University of Chicago (The)		2.761	%	4/1/2045		5,135		4,864,867
WeWork Cos., Inc.†		7.875	%	5/1/2025		50,858		19,197,369
Total								319,574,110
Technology Hardware & Equipment 0.84%
Apple, Inc.		1.80	%	9/11/2024		22,440		22,888,954
Apple, Inc.		3.00	%	6/20/2027		26,927		29,198,411
CDW LLC/CDW Finance Corp.		4.25	%	4/1/2028		4,583		4,631,351
CDW LLC/CDW Finance Corp.		5.50	%	12/1/2024		15,000		15,728,175
Motorola Solutions, Inc.		4.60	%	5/23/2029		17,963		18,906,612
Western Digital Corp.		4.75	%	2/15/2026		32,314		32,968,358
Total								124,321,861
Telecommunications: Satellite 0.55%
Connect Finco SARL/Connect US Finco LLC (Luxembourg)†(f)		6.75	%	10/1/2026		29,167		24,208,610
Hughes Satellite Systems Corp.		5.25	%	8/1/2026		21,000		20,969,393
Intelsat Jackson Holdings SA (Luxembourg)(f)		5.50	%	8/1/2023		20,902		12,985,472
Intelsat Jackson Holdings SA (Luxembourg)†(f)		8.50	%	10/15/2024		35,976		22,879,117
Total								81,042,592
Telecommunications: Wireless 1.23%
Crown Castle International Corp.		4.15	%	7/1/2050		8,421		8,328,369
SBA Communications Corp.†		3.875	%	2/15/2027		40,849		41,257,490
Sprint Capital Corp.		6.875	%	11/15/2028		99,783		114,525,938
T-Mobile USA, Inc.		6.50	%	1/15/2026		16,855		17,791,295
Total								181,903,092

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020

Investments	Interest Rate			Maturity Date	Principal Amount (000)		Fair Value
Telecommunications: Wireline Integrated & Services 2.27%
Altice Financing SA (Luxembourg)†(f)		7.50	%	5/15/2026	$	38,191	$	37,352,708
Altice France Holding SA (Luxembourg)†(f)		6.00	%	2/15/2028		13,128		11,646,899
Altice France Holding SA (Luxembourg)†(f)		10.50	%	5/15/2027		22,837		24,207,220
Altice France SA (France)†(f)		7.375	%	5/1/2026		46,103		46,819,902
AT&T, Inc.		1.964%(3 Mo.  LIBOR + 1.18%)	#	6/12/2024		9,393		8,728,961
AT&T, Inc.		2.781%(3 Mo.  LIBOR + .95%)	#	7/15/2021		16,142		15,866,239
Consolidated Communications, Inc.		6.50	%	10/1/2022		11,460		10,113,450
DKT Finance ApS (Denmark)†(f)		9.375	%	6/17/2023		19,351		20,270,172
Equinix, Inc.(d)		2.875	%	2/1/2026	EUR	37,001		39,501,166
Front Range BidCo, Inc.†		4.00	%	3/1/2027	$	11,525		11,092,812
Front Range BidCo, Inc.†		6.125	%	3/1/2028		9,982		9,539,049
GCI LLC		6.875	%	4/15/2025		13,026		13,009,652
Hellas Telecommunications Luxembourg II SCA (Luxembourg)†(f)(l)		6.054%(3 Mo.  LIBOR + 5.75 %)	#	1/15/2015		15,000		1,500	(e)
Motorola Solutions, Inc.		4.60	%	2/23/2028		15,034		15,369,112
Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC		8.25	%	10/15/2023		17,620		13,699,550
Verizon Communications, Inc.		2.625	%	8/15/2026		54,987		56,917,467
Total								334,135,859
Tobacco 0.07%
BAT Capital Corp.		4.70	%	4/2/2027		10,362		10,582,237
Transportation (Excluding Air/Rail) 0.04%
CMA CGM SA(d)		5.25	%	1/15/2025	EUR	10,087		6,518,896
Transportation: Infrastructure/Services 0.94%
Adani Ports & Special Economic Zone Ltd. (India)†(f)		4.375	%	7/3/2029	$	26,364		22,809,423
Aeropuerto Internacional de Tocumen SA (Panama)†(f)		6.00	%	11/18/2048		22,350		24,368,317
Autopistas del Sol SA (Costa Rica)†(f)		7.375	%	12/30/2030		16,803		15,434,647
Autoridad del Canal de Panama (Panama)†(f)		4.95	%	7/29/2035		8,750		10,108,919
CH Robinson Worldwide, Inc.		4.20	%	4/15/2028		20,351		21,612,283
Mersin Uluslararasi Liman Isletmeciligi AS (Turkey)†(f)		5.375	%	11/15/2024		22,508		20,307,302
Promontoria Holding 264 BV†(d)		6.75	%	8/15/2023	EUR	15,051		8,484,193

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020

Investments	Interest Rate			Maturity Date	Principal Amount (000)		Fair Value
Transportation: Infrastructure/Services (continued)
Stena AB (Sweden)†(f)		7.00	%	2/1/2024	$	18,962	$	15,525,043
Total								138,650,127
Total High Yield Corporate Bonds (cost $10,836,072,751)								10,106,658,199
MUNICIPAL BONDS 4.42%
Air Transportation 0.33%
CT Airport Auth - Ground Trans Proj		4.282	%	7/1/2045		4,265		4,453,939
Los Angeles, CA		5.575	%	5/15/2020		9,340		9,387,541
Miami Dade Cnty, FL		3.982	%	10/1/2041		13,915		14,903,522
Miami-Dade Cnty, FL		4.28	%	10/1/2041		18,040		19,285,481
Total								48,030,483
Education 1.04%
California State University		3.899	%	11/1/2047		33,030		38,538,413
Ohio Univ		5.59	%	12/1/2114		11,104		14,620,748
Permanent University Fund - Texas A&M University System		3.66	%	7/1/2047		78,015		83,488,533
Univ of California Bd of Regents		6.548	%	5/15/2048		12,463		16,712,135
Total								153,359,829
General Obligation 1.39%
California		7.55	%	4/1/2039		15,015		24,423,699
Chicago Transit Auth, IL		6.899	%	12/1/2040		11,826		15,901,713
Chicago, IL		5.432	%	1/1/2042		32,722		29,138,286
Chicago, IL		6.314	%	1/1/2044		22,402		22,996,325
City of Portland		7.701	%	6/1/2022		16,940		18,143,926
District of Columbia		5.591	%	12/1/2034		14,130		17,610,502
Honolulu HI City & Cnty,		5.418	%	12/1/2027		6,620		8,217,671
Los Angeles Unif Sch Dist, CA		5.75	%	7/1/2034		12,497		16,078,015
Massachusetts		4.20	%	12/1/2021		6,620		6,718,969
New York City		5.985	%	12/1/2036		10,161		13,117,953
Ohio St Univ		4.048	%	12/1/2056		6,271		6,595,712	(a)
Pennsylvania		5.45	%	2/15/2030		12,190		15,052,943
The Bd of Governors of the Univ of North Carolina		3.847	%	12/1/2034		9,595		11,025,327
Total								205,021,041

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020

Investments	Interest Rate			Maturity Date	Principal Amount (000)		Fair Value
Government Guaranteed 0.04%
City & County of San Francisco CA		5.45	%	6/15/2025	$	4,540	$	5,315,477
Lease Obligation 0.05%
Wisconsin		3.294	%	5/1/2037		7,145		7,669,586
Miscellaneous 0.71%
Dallas Convention Center Hotel Dev Corp., TX		7.088	%	1/1/2042		17,795		25,177,078
New York City Indl Dev Agy†		11.00	%	3/1/2029		19,878		27,248,365
Pasadena Public Fing Auth		7.148	%	3/1/2043		26,795		39,893,468
University of California Bond of Regents		3.006	%	5/15/2050		12,835		11,715,146
Total								104,034,057
Tax Revenue 0.41%
Massachusetts Sch Bldg Auth		5.715	%	8/15/2039		20,055		27,174,525
Memphis-Shelby County Industrial Development Board, TN		7.00	%	7/1/2045		12,890		14,054,740	(a)
San Jose Redev Agy, CA		2.259	%	8/1/2020		19,600		19,700,744
Total								60,930,009
Transportation 0.07%
Foothill-Eastern Transportation Corridor Agency		4.094	%	1/15/2049		10,790		10,944,297
Transportation: Infrastructure/Services 0.26%
Chicago Transit Auth, IL		6.20	%	12/1/2040		12,385		14,912,779
Port of Seattle, WA		3.571	%	5/1/2032		7,305		7,846,885
Port of Seattle, WA		3.755	%	5/1/2036		13,905		14,895,175
Total								37,654,839
Utilities 0.12%
San Antonio, TX		5.718	%	2/1/2041		13,240		18,074,983
Total Municipal Bonds (cost $613,885,832)								651,034,601

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020

Investments	Interest Rate			Maturity Date	Principal Amount (000)		Fair Value
NON-AGENCY COMMERCIAL MORTGAGE-BACKED SECURITIES 2.39%
Angel Oak Mortgage Trust 2020-1 A1†		2.466	%#(j)	12/25/2059	$	9,355	$	9,284,561
BBCMS Mortgage Trust 2019-BWAY A†		1.661%(1 Mo.  LIBOR + .96%)	#	11/25/2034		25,000		23,453,175
Benchmark Mortgage Trust 2019-B12 WMA†		4.246	%#(j)	8/15/2052		35,544		31,540,679	(a)
BX Trust 2019-OC11 A†		3.202	%	12/9/2041		31,182		28,924,423
BX Trust 2019-OC11 E†		4.076%	#(j)	12/9/2041		27,936		21,493,796
CF Trust 2019-BOSS A1†		3.955%(1 Mo.  LIBOR + 3.25%)	#	12/15/2021		18,200		16,514,072	(a)
Citigroup Commercial Mortgage Trust 2016-P3 D†		2.804	%#(j)	4/15/2049		9,991		7,210,408
CSAIL Commercial Mortgage Trust 2019-C18 AS		3.321	%	12/15/2052		17,548		17,032,170
CSMC Trust 2020-AFC1 A1†		2.24	%#(j)	2/25/2050		22,076		19,740,259
Deephaven Residential Mortgage Trust 2020-1 A1†		2.339%	#(j)	1/25/2060		14,084		13,743,623
GCAT Trust 2020-NQM1 A1†		2.247	%	1/25/2060		10,248		9,858,261
Great Wolf Trust 2019-WOLF A†		1.739%(1 Mo.  LIBOR + 1.03%)	#	12/15/2036		39,981		36,931,157
Great Wolf Trust 2019-WOLF E†		3.437%(1 Mo.  LIBOR + 2.73%)	#	12/15/2036		32,620		26,904,206
New Residential Mortgage Loan Trust 2020-NQM1 A1†		2.464	%#(j)	1/26/2060		8,498		8,440,981
PFP Ltd. 2019-6 A†		1.755%(1 Mo.  LIBOR + 1.05%)	#	4/14/2037		25,000		23,024,313	(a)
PFP Ltd. 2019-6 C†		2.805%(1 Mo.  LIBOR + 2.10%)	#	4/14/2037		27,054		24,306,196	(a)
Residential Mortgage Loan Trust 2020-1 A1†		2.376	%#(j)	2/25/2024		6,029		5,824,042
Starwood Mortgage Residential Trust 2020-1 A1†		2.275	%#(j)	2/25/2050		13,753		13,209,160
Verus Securitization Trust 2020-1 A1†		2.417	%#(j)	1/25/2060		15,753		15,139,378
Total Non-Agency Commercial Mortgage-Backed Securities (cost $388,681,157)								352,574,860
	Dividend Rate				Shares (000)
PREFERRED STOCKS 0.00%
ENERGY: EXPLORATION & PRODUCTION 0.00%
Templar Energy LLC		Zero Coupon				444		—	(e)
MISCELLANEOUS 0.00%
ACL Rights Escrow*		Zero Coupon				8		194,700	(e)
Total Preferred Stocks (cost $4,058,993)								194,700

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020

Investments	Exercise Price			Expiration Date	Shares (000)		Fair Value
WARRANT 0.00%
Personal & Household Products
Remington Outdoor Co., Inc. (cost $871,457)	$	35.05		5/22/2022		165	$	1,651	(a)
Total Long- Term Investments (cost $15,200,560,058)								14,043,459,416
		Interest Rate		Maturity Date	Principal Amount (000)
SHORT-TERM INVESTMENTS 3.40%
HIGH YIELD CORPORATE BONDS 0.44%
Automakers 0.19%
Toyota Motor Credit Corp.		1.753%(3 Mo. LIBOR + .07%)	#	5/22/2020	$	28,258		28,144,017
Diversified Capital Goods 0.15%
GE Capital International Funding Co. Unlimited Co. (Ireland)(f)		2.342	%	11/15/2020		21,732		21,612,222
Health Services 0.05%
CVS Health Corp.		1.719%(3 Mo. LIBOR + .72%)	#	3/9/2021		7,163		7,016,704
Personal & Household Products 0.01%
Revlon Consumer Products Corp.		5.75	%	2/15/2021		1,796		1,466,883
Specialty Retail 0.02%
Home Depot, Inc. (The)		1.464%(3 Mo. LIBOR + .15%)	#	6/5/2020		2,550		2,546,784
Telecommunications: Wireline Integrated & Services 0.02%
AT&T, Inc.		2.305%(3 Mo. LIBOR + .93%)	#	6/30/2020		3,889		3,863,837
Total High Yield Corporate Bonds (cost $64,548,204)								64,650,447

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020

Investments	Interest Rate			Maturity Date	Principal Amount (000)		Fair Value
COMMERCIAL PAPER 0.23%
AON Corp.		5.339	%	4/6/2020	$	475	$	474,654
BAT International Finance plc		5.339	%	4/6/2020		500		499,636
Mccormick & Co.		6.415	%	5/29/2020		15,596		15,438,957
Sherwin-Williams Co.		4.317	%	4/1/2020		17,309		17,309,000
Total Commercial Paper (cost $33,722,246)								33,722,247
REPURCHASE AGREEMENT 2.73%
Repurchase Agreement dated 3/31/2020, 0.00% due 4/1/2020 with Fixed Income Clearing Corp. collateralized by $202,640,000 of U.S. Treasury Note at 2.125% due 5/15/2022; $190,520,000 of U.S. Treasury Note at 1.875% due 4/30/2022; value: $410,900,083; proceeds: $402,838,802 (cost $402,838,802)						402,839		402,838,802
Total Short-Term Investments (cost $501,109,252)								501,211,496
Total Investments in Securities 98.72% (cost $15,701,669,310)								14,544,670,912
Less Unfunded Loan Commitments (0.00)% (cost $535,318)								(540,109	)
Net Investments 98.72% (cost $15,701,133,992)								14,544,130,803
Cash, Foreign Cash and Other Assets in Excess Liabilities(m) 1.28%								188,268,546
Net Assets 100.00%							$	14,732,399,349

AUD	Australian dollar
CAD	Canadian dollar.
EUR	Euro.
GBP	British pound.
ADR	American Depositary Receipt.
CMT	Constant Maturity Rate.
LIBOR	London Interbank Offered Rate.
PIK	Payment-in-kind.
SOFR	Secured Over Night Financing Rate.
Units	More than one class of securities traded together.
†	Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, unless registered under such Act or exempted from registration, may only be resold to qualified institutional buyers. At March 31, 2020, the total value of Rule 144A securities was $6,027,299,576, which represents 40.91% of net assets.
#	Variable rate security. The interest rate represents the rate in effect at March 31, 2020.
*	Non-income producing security.
(a)	Level 3 Investment as described in Note 2(b) in the Notes to Financials.  Security valued utilizing third party pricing information without adjustment. Such valuations are based on unobservable inputs. A significant change in third party information could result in a significantly lower or higher value of such Level 3 investments.
(b)	Securities purchased on a when-issued basis.
(c)	Variable Rate is Fixed to Float: Rate remains fixed or at Zero Coupon until designated future date.
(d)	Investment in non-U.S. dollar denominated securities.

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020

(e)	Level 3 Investment as described in Note 2(b) in the Notes to Financials. Security fair valued by the Pricing Committee.
(f)	Foreign security traded in U.S. dollars.
(g)	Floating Rate Loans in which the Fund invests generally pay interest at rates which are periodically re-determined at a margin above the London Interbank Offered Rate (“LIBOR”) or the prime rate offered by major U.S. banks. The rate(s) shown is the rate(s) in effect at March 31, 2020.
(h)	Level 3 Investment as described in Note 2(b) in the Notes to Financials.  Floating Rate Loans categorized as Level 3 are valued based on a single quotation obtained from a dealer. Accounting principles generally accepted in the United States of America do not require the Fund to create quantitative unobservable inputs that were not developed by the Fund. Therefore, the Fund does not have access to unobservable inputs and cannot disclose such inputs in the valuation.
(i)	Interest rate to be determined.
(j)	Interest rate is based on the weighted average interest rates of the underlying mortgages within the mortgage pool.
(k)	Security is perpetual in nature and has no stated maturity.
(l)	Defaulted (non-income producing security).
(m)	Cash, Foreign Cash and Other Assets in Excess Liabilities include net unrealized appreciation/depreciation on forward foreign currency exchange contracts, futures contracts and swaps as follows:

Centrally Cleared Credit Default Swaps on Indexes - Buy Protection at March 31, 2020 ⁽¹⁾:

Referenced Index	Central Clearing Party	Fund Pays (Quarterly)			Termination Date	Notional Amount		Notional Value		Payments Upfront(2)			Unrealized Appreciation/ Depreciation(3)
Markit CDX. NA.EM.32(4)(5)	Credit Suisse		1.00	%	12/20/2024	$	86,700,000	$	76,625,885	$	4,031,727		$	6,042,388
Markit CDX. NA.EM.33(4)(5)	Credit Suisse		1.00	%	6/20/2025		441,032,492		390,290,804		51,545,242			(803,554	)
Markit CDX. NA.IG.33(4)(6)	Credit Suisse		1.00	%	12/20/2024		563,604,000		561,556,765		9,597,323			(7,550,088	)
										$	65,174,292		$	(2,311,254	)
Centrally Cleared Credit Default Swaps on Indexes -  Sell Protection at March 31, 2020(1):
Referenced Index	Central Clearing Party	Fund Receives (Quarterly)			Termination Date	Notional Amount		Notional Value		Payments Upfront(2)			Unrealized Appreciation(3)
Markit CDX. NA.HY.33(4)(7)	Credit Suisse		5.00	%	12/20/2024	$	1,155,540,886	$	1,083,479,149	$	(113,842,258	)	$	41,780,521

(1)	If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and make delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities. If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities.
(2)	Upfront payments paid/received by Central Clearing Party are presented net of amortization.
(3)	Total unrealized appreciation on Credit Default Swaps on Indexes amounted to $47,822,909. Total unrealized depreciation on Credit Default Swaps on Indexes amounted to $8,353,642.
(4)	Central Clearinghouse: Intercontinental Exchange (ICE).
(5)	The Referenced Index is for the Centrally Cleared Credit Default Swaps on Indexes, which is comprised of a basket of emerging markets sovereign issuers.

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020

(6)	The Referenced Index is for the Centrally Cleared Credit Default Swaps on Indexes, which is comprised of a basket of investment grade securities.
(7)	The Referenced Index is for the Centrally Cleared Credit Default Swaps on Indexes, which is comprised of a basket of high yield securities.

Credit Default Swaps on Indexes - Sell Protection at March 31, 2020 ⁽¹⁾:

Referenced Index/Issuer	Swap Counterparty	Fund Receives (Quarterly)			Termination Date	Notional Amount		Notional Value		Payments Upfront(2)			Unrealized Appreciation/ Depreciation(3)			Credit Default Swap Agreements Payable at Fair Value(4)
Markit CMBX NA.BBB.9*	Credit Suisse		3.00	%	9/17/2058	$	22,888,000	$	17,052,074	$	(1,612,732	)	$	(4,223,194	)	$	(5,835,926	)
Markit CMBX NA.BBB.9*	Deutsche Bank		3.00	%	9/17/2058		36,637,000		27,295,389		(2,581,512	)		(6,760,099	)		(9,341,611	)
Markit CMBX NA.BBB.9*	Goldman Sachs		3.00	%	9/17/2058		13,539,000		10,086,859		(953,984	)		(2,498,157	)		(3,452,141	)
Markit CMBX NA.BBB.9*	Morgan Stanley		3.00	%	9/17/2058		50,783,000		37,834,476		(3,578,266	)		(9,370,258	)		(12,948,524	)
Markit CMBX NA.BBB.10*	Credit Suisse		3.00	%	11/17/2059		50,333,000		36,298,030		(2,860,470	)		(11,174,500	)		(14,034,970	)
Markit CMBX NA.BBB.10*	Deutsche Bank		3.00	%	11/17/2059		9,149,000		6,597,872		(519,946	)		(2,031,182	)		(2,551,128	)
Markit CMBX NA.BBB.10*	Goldman Sachs		3.00	%	11/17/2059		38,427,000		27,711,927		(2,183,841	)		(8,531,232	)		(10,715,073	)
Markit CMBX NA.BBB.10*	Morgan Stanley		3.00	%	11/17/2059		37,203,000		26,829,230		(2,114,280	)		(8,259,490	)		(10,373,770	)
Markit CMBX NA.BBB.11*	Deutsche Bank		3.00	%	11/18/2054		9,162,000		6,239,124		(407,280	)		(2,515,596	)		(2,922,876	)
Markit CMBX NA.BBB.11*	JPMorgan Chase		3.00	%	11/18/2054		4,607,000		3,137,267		(204,796	)		(1,264,937	)		(1,469,733	)
Markit CMBX NA.BBB.11*	Morgan Stanley		3.00	%	11/18/2054		77,122,000		52,518,414		(3,428,321	)		(21,175,265	)		(24,603,586	)
Tesla	JPMorgan Chase		1.00	%	6/20/2020		15,704,000		15,599,473		(145,980	)		41,453			(104,527	)
										$	(20,591,408	)	$	(77,762,457	)	$	(98,353,865	)

*	The Referenced Index is for the Credit Default Swaps on Indexes, which is comprised of a basket of commercial mortgage backed securities.
(1)	If the Fund is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities.
(2)	Upfront payments received are presented net of amortization.
(3)	Total unrealized appreciation on Credit Default Swaps in Indexes/Issuers amounted to $41,453. Total unrealized depreciation on Credit Default Swaps on Indexes/Issuers amounted to $77,803,910.
(4)	Includes upfront payments received.

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020

Open Forward Foreign Currency Exchange Contracts at March 31, 2020:

Forward Foreign Currency Exchange Contracts	Transaction Type	Counterparty	Expiration Date	Foreign Currency		U.S. $ Cost on Origination Date		U.S. $ Current Value		Unrealized Appreciation
British pound	Buy	Morgan Stanley	6/5/2020		3,503,000	$	4,137,358	$	4,356,244	$	218,886
Euro	Buy	Bank of America	6/9/2020		6,885,000		7,512,568		7,613,306		100,738
Euro	Buy	Bank of America	6/9/2020		4,008,000		4,352,704		4,431,972		79,268
Euro	Buy	J.P. Morgan	6/9/2020		2,640,000		2,818,502		2,919,263		100,761
Euro	Buy	Morgan Stanley	6/9/2020		609,000		665,280		673,421		8,141
Euro	Buy	State Street Bank and Trust	6/9/2020		995,000		1,098,730		1,100,253		1,523
Australian dollar	Sell	State Street Bank and Trust	5/26/2020		41,000,000		27,174,989		25,223,920		1,951,069
British pound	Sell	Bank of America	6/5/2020		13,740,000		17,613,169		17,086,724		526,445
Euro	Sell	Bank of America	6/9/2020		6,497,000		7,232,947		7,184,262		48,685
Euro	Sell	State Street Bank and Trust	6/9/2020		165,000,000		186,029,250		182,453,949		3,575,301
Unrealized Appreciation on Forward Foreign Currency Exchange Contracts										$	6,610,817

Open Futures Contracts at March 31, 2020:

Type	Expiration	Contracts		Position	Notional Amount			Notional Value			Unrealized Appreciation
Euro- Bobl	June 2020		48	Short	EUR	(6,527,915	)	EUR	(6,490,080	)	$	41,728
U.S. 2-Year Treasury Note	June 2020		18,538	Long	$	4,073,166,705		$	4,085,456,569			12,289,864
U.S. 5-Year Treasury Note	June 2020		13,432	Long		1,640,714,323			1,683,827,125			43,112,802
Total Unrealized Appreciation on Open Futures Contracts											$	55,444,394
Type	Expiration		Contracts	Position	Notional Amount			Notional Value			Unrealized Depreciation
U.S. 10-Year Treasury Note	June 2020		1,038	Short	$	(139,695,732	)	$	(143,957,625	)	$	(4,261,893	)
U.S. 10-Year Ultra Treasury Bond	June 2020		3,527	Short		(522,154,115	)		(550,322,218	)		(28,168,103	)
U.S. Long Bond	June 2020		3,172	Short		(529,144,851	)		(567,986,250	)		(38,841,399	)
U.S. Ultra Treasury Bond	June 2020		3,478	Short		(705,298,835	)		(771,681,250	)		(66,382,415	)
Total Unrealized Depreciation on Open Futures Contracts											$	(137,653,810	)

The following is a summary of the inputs used as of March 31, 2020 in valuing the Fund’s investments carried at fair value⁽¹⁾:

Investment Type(2)	Level 1		Level 2		Level 3		Total
Long-Term Investments
Asset-Backed Securities
Other	$	—	$	416,745,232	$	85,203,875	$	501,949,107
Remaining Industries		—		118,202,276		—		118,202,276
Common Stocks
Auto Parts & Equipment		—		—		5,463,513		5,463,513
Energy: Exploration & Production		9,752,942		—		33,346		9,786,288
Media: Content		19,142,239		—		1,931,885		21,074,124
Personal & Household Products		54,263,768		204,685		12,560,985		67,029,438
Specialty Retail		50,839,097		8,340,405		—		59,179,502
Remaining Industries		791,379,115		—		—		791,379,115
Convertible Bonds		—		91,109,587		—		91,109,587
Floating Rate Loans
Aerospace/Defense		—		—		10,441,054		10,441,054
Diversified Capital Goods		—		4,426,434		16,232,014		20,658,448
Food: Wholesale		—		28,152,261		14,567,509		42,719,770
Personal & Household Products		—		22,596,888		850,663		23,447,551
Software/Services		—		29,327,856		16,897,301		46,225,157

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(continued)

LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020

Investment Type(2)	Level 1			Level 2			Level 3		Total
Support: Services	$	—		$	53,025,512		$	5,670,137	$	58,695,649
Transportation: Infrastructure/Services		—			6,438,918			1,142,577		7,581,495
Remaining Industries		—			628,855,681			—		628,855,681
Less Unfunded Commitments		—			(540,109	)		—		(540,109	)
Foreign Government Obligations		—			355,444,281			—		355,444,281
Government Sponsored Enterprises Collateralized Mortgage Obligation		—			73,753,369			—		73,753,369
High Yield Corporate Bonds
Air Transportation		—			192,674,991			7,404,348		200,079,339
Automakers		—			135,051,262			1,500		135,052,762
Banking		—			1,101,147,500			2,250		1,101,149,750
Metals/Mining (Excluding Steel)		—			146,039,656			18		146,039,674
Telecommunications: Wireline Integrated & Services		—			334,134,359			1,500		334,135,859
Remaining Industries		—			8,190,200,815			—		8,190,200,815
Municipal Bonds
General Obligation		—			199,425,329			6,595,712		206,021,041
Tax Revenue		—			46,875,269			14,054,740		60,930,009
Remaining Industries		—			384,083,551			—		384,083,551
Non-Agency Commercial Mortgage-Backed Securities		—			257,189,600			95,385,260		352,574,860
Preferred Stocks		—			—			194,700		194,700
Warrant		—			—			1,651		1,651
Short-Term Investments
High Yield Corporate Bonds		—			64,650,447			—		64,650,447
Commercial Paper		—			33,722,247			—		33,722,247
Repurchase Agreement		—			402,838,802			—		402,838,802
Total	$	925,377,161		$	13,324,117,104		$	294,636,538	$	14,544,130,803
Other Financial Instruments
Centrally Cleared Credit Default Swap Contracts
Assets	$	—		$	47,822,909		$	—	$	47,822,909
Liabilities		—			(8,353,642	)		—		(8,353,642	)
Credit Default Swap Contracts
Assets		—			—			—		—
Liabilities		—			(98,353,865	)		—		(98,353,865	)
Forward Foreign Currency Exchange Contracts
Assets		—			6,610,817			—		6,610,817
Liabilities		—			—			—		—
Futures Contracts
Assets		55,444,394			—			—		55,444,394
Liabilities		(137,653,810	)		—			—		(137,653,810	)
Total	$	(82,209,416	)	$	(52,273,781	)	$	—	$	(134,483,197	)

(1)

Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs.

(2)

See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. The table above is presented by Investment Type. Industries are presented within an Investment Type should such Investment Type include securities classified as two or more levels within the three-tier fair value hierarchy. Each level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

See Notes to Schedule of Investments.

Schedule of Investments (unaudited)(concluded)

LORD ABBETT BOND-DEBENTURE FUND, INC. March 31, 2020

The following is a reconciliation of investments with unobservable inputs (Level 3) that were used in determining fair value:

Investment Type	Asset-Backed Securities			Common Stocks			Floating Rate Loans			High Yield Corporate Bonds			Non-Agency Commercial Mortgage- Backed Securities			Preferred Stock		Warrants		Municipals Bonds
Balance as of January 1, 2020	$	10,441,539		$	14,526,216		$	104,178,425		$	5,269		$	53,842,824		$	—	$	1,651	$	—
Accrued Discounts (Premiums)		6,146			—			87,724			847			318			—		—		(18,081	)
Realized Gain (Loss)		584			—			(565,586	)		1,069			—			—		—		—
Change in Unrealized Appreciation (Depreciation)		(12,737,974	)		(607,057	)		(61,758,935	)		(1,310,910	)		(10,543,746	)		—		—		(519,539	)
Purchases		9,348,354			—			57,368,514			—			—			194,700		—		—
Sales		(7,380,239	)		—			(18,010,539	)		(152,517	)		—			—		—		—
Transfers into Level 3		95,967,004			6,070,570			—			8,865,858			52,085,864			—		—		21,188,072
Transfers out of Level 3		(10,441,539	)		—			(15,498,348	)		—			—			—		—		—
Balance as of March 31, 2020	$	85,203,875		$	19,989,729		$	65,801,255		$	7,409,616		$	95,385,260		$	194,700	$	1,651	$	20,650,452
Change in unrealized appreciation/depreciation for the period ended March 31, 2020, related to Level 3 investments held at March 31, 2020	$	(12,737,974	)	$	(607,057	)	$	(8,790,007	)	$	(1,310,910	)	$	(10,543,746	)	$	—	$	—	$	(519,539	)

See Notes to Schedule of Investments.

1. ORGANIZATION

Lord Abbett Bond-Debenture Fund, Inc. (the “Fund”) is registered under the Investment Company Act of 1940, as amended (the “Act”), as a diversified, open-end management investment company. The Fund was incorporated under Maryland law on January 23, 1976.

2. SIGNIFICANT ACCOUNTING POLICIES

(a)	Investment Valuation-Under procedures approved by the Fund’s Board of Directors (the “Board”), Lord, Abbett & Co. LLC (“Lord Abbett”), the Fund’s investment manager, has formed a Pricing Committee to administer the pricing and valuation of portfolio investments and to ensure that prices utilized reasonably reflect fair value. Among other things, these procedures allow the Fund to utilize independent pricing services, quotations from securities and financial instrument dealers and other market sources to determine fair value.
	Securities actively traded on any recognized U.S. or non-U.S. exchange or on The NASDAQ Stock Market LLC are valued at the last sale price or official closing price on the exchange or system on which they are principally traded. Events occurring after the close of trading on non-U.S. exchanges may result in adjustments to the valuation of foreign securities to reflect their fair value as of the close of regular trading on the New York Stock Exchange. The Fund may utilize an independent fair valuation service in adjusting the valuations of foreign securities. Unlisted equity securities are valued at the last quoted sale price or, if no sale price is available, at the mean between the most recently quoted bid and asked prices. Fixed income securities are valued based on evaluated prices supplied by independent pricing services, which reflect broker/dealer supplied valuations and the independent pricing services’ own electronic data processing techniques. Exchange traded options and futures contracts are valued at the last quoted sale price in the market where they are principally traded. If no sale has occurred, the mean between the most recently quoted bid and asked prices is used. Floating rate loans are valued at the average of bid and ask quotations obtained from dealers in loans on the basis of prices supplied by independent pricing services. Forward foreign currency exchange contracts are valued using daily forward exchange rates. Swaps are valued daily using independent pricing services or quotations from broker/dealers to the extent available.
	Securities for which prices are not readily available are valued at fair value as determined by the Pricing Committee. The Pricing Committee considers a number of factors, including observable and unobservable inputs, when arriving at fair value. The Pricing Committee may use related or comparable assets or liabilities, recent transactions, market multiples, book values, yield curves, broker quotes, observable trading activity, option adjusted spread models and other relevant information to determine the fair value of portfolio investments. The Board or a designated committee thereof regularly reviews fair value determinations made by the Pricing Committee and may employ techniques such as reviewing related market activity, reviewing inputs and assumptions, and retrospectively comparing prices of subsequent purchases and sales transactions to fair value determinations made by the Pricing Committee.
	Short-term securities with 60 days or less remaining to maturity are valued using the amortized cost method, which approximates fair value.
(b)	Fair Value Measurements-Fair value is defined as the price that the Fund would receive upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market of the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk - for example, the risk inherent in a particular valuation technique used to measure fair value (such as a pricing model) and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances.  The three-tier hierarchy classification is determined based on the lowest level of inputs that is significant to the fair value measurement, and is summarized in the three broad Levels listed below:

· Level 1 - unadjusted quoted prices in active markets for identical investments;

· Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.); and

· Level 3 - significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments).

A summary of inputs used in valuing the Fund’s investments and other financial instruments as of March 31, 2020 and, if applicable, Level 3 rollforwards for the period then ended is included in the Fund’s Schedule of Investments.

Changes in valuation techniques may result in transfers into or out of an assigned level within the three-tier hierarchy. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

3. FEDERAL TAX INFORMATION

It is the policy of the Fund to meet the requirements of Subchapter M of the Internal Revenue Code applicable to regulated investment companies and to distribute substantially all taxable income and capital gains to its shareholders. Therefore, no income tax provision is required.

The Fund files U.S. federal and various state and local tax returns. No income tax returns are currently under examination. The statute of limitations on the Fund’s filed U.S. federal tax returns remains open generally three years after the filing of the tax return. The statutes of limitations on the Fund’s, state and local tax returns may remain open for an additional year depending upon the jurisdiction.