Core Fixed Income Fund

LCRAX

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Daily price w/o sales charge as of 10/19/2018

$10.37

$0.01

YTD Returns w/o sales charge as of 10/19/2018

-2.47%

Please click here for performance current to the most recent quarter-end and month-end.

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Summary

What is the Core Fixed Income Fund?

The Fund seeks to deliver current income and the opportunity for capital appreciation by investing primarily in U.S. investment grade corporate, government, and mortgage- and asset-backed securities.

Yield

Dividend Yield ¹ as of 10/19/2018

w/o sales charge	3.16%
w/ sales charge	3.09%

30-Day Standardized Yield ² as of 09/30/2018

2.90%

In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.

Expense Ratioas of 09/30/2018

Fund Basicsas of 09/28/2018

Total Net Assets: $1.10 B
Inception Date: 08/31/2000
Dividend Frequency: Monthly (Daily Accrual)
Number of Holdings: 435
CUSIP: 543916878
Minimum Initial Investment: $1,500+

Fund Expense Ratio :

0.63%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 08/31/2000

w/o sales charge	-1.69%	-1.40%	1.11%	1.95%	4.06%	4.66%
Lipper Category Avg. Core Bond Funds	-1.58%	-1.23%	1.44%	2.04%	3.99%	-
Bloomberg Barclays U.S. Aggregate Bond Index	-1.60%	-1.22%	1.31%	2.16%	3.77%	4.63%
w/ sales charge	-3.90%	-3.61%	0.35%	1.49%	3.82%	4.53%

Fund Expense Ratio :

0.63%

Fund Expense Ratio :

0.63%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 08/31/2000

w/o sales charge	-1.69%	-1.40%	1.11%	1.95%	4.06%	4.66%
Lipper Category Avg. Core Bond Funds	-1.58%	-1.23%	1.44%	2.04%	3.99%	-
Bloomberg Barclays U.S. Aggregate Bond Index	-1.60%	-1.22%	1.31%	2.16%	3.77%	4.63%
w/ sales charge	-3.90%	-3.61%	0.35%	1.49%	3.82%	4.53%

Fund Expense Ratio :

0.63%

Returns with sales charges reflect a maximum sales charge of 2.25%.

The performance quoted represents past performance, which is no indication of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Therefore, there can be no assurance of future results.

Type	Assets
MBS
U.S. Government Related
ABS
CMBS
Corporates
Sovereign
Other
Cash

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Maturity	Assets
Less than 1 year
1-2.99 years
3-4.99 years
5-6.99 years
7-9.99 years
Greater than 10 years

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Credit Quality Distribution as of 09/28/2018 View Portfolio

Rating	Assets
U.S. Treasury
Agency
AAA
AA
A
BBB
<BBB

Ratings (other than U.S. Treasury securities or securities issued or backed by U.S. agencies) provided by Standard & Poor's, Moody's, and Fitch. For certain securities that are not rated by any of these three agencies, credit ratings from other agencies may be used. Where the rating agencies rate a security differently, Lord Abbett uses the median, but if there are only two ratings, the lower rating is used. Ratings range from AAA (highest) to D (lowest). Bonds rated BBB or above are considered investment grade. Credit ratings BB and below are lower-rated securities (junk bonds). High-yielding, non-investment-grade bonds (junk bonds) involve higher risks than investment-grade bonds. Adverse conditions may affect the issuer's ability to pay interest and principal on these securities. A portion of the portfolio's securities may not be rated. Breakdown is not an S&P credit rating or an opinion of S&P as to the creditworthiness of such portfolio. Ratings apply to the credit worthiness of the issuers of the underlying securities and not the fund or its shares. Ratings may be subject to change.

Investment Team

Kewjin Yuoh

Partner & Portfolio Manager

24 Years of Industry Experience

Andrew H. O'Brien, CFA

Partner & Portfolio Manager

20 Years of Industry Experience

Robert A. Lee

Partner & Chief Investment Officer

27 Years of Industry Experience

Supported By 64 Investment Professionals with 14 Years Avg. Industry Experience

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Performance

Dividend Yield ¹ as of 10/19/2018

w/o sales charge	3.16%
w/ sales charge	3.09%

30-Day Standardized Yield ² as of 09/30/2018

	Subsidized⁵	Un-Subsidized⁶
w/o sales charge	2.90%	2.90%

In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.

Fund Expense Ratio :

0.63%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 08/31/2000

w/o sales charge	-1.69%	-1.40%	1.11%	1.95%	4.06%	4.66%
Lipper Category Avg. Core Bond Funds	-1.58%	-1.23%	1.44%	2.04%	3.99%	-
Bloomberg Barclays U.S. Aggregate Bond Index	-1.60%	-1.22%	1.31%	2.16%	3.77%	4.63%
w/ sales charge	-3.90%	-3.61%	0.35%	1.49%	3.82%	4.53%

Fund Expense Ratio :

0.63%

Fund Expense Ratio :

0.63%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 08/31/2000

w/o sales charge	-1.69%	-1.40%	1.11%	1.95%	4.06%	4.66%
Lipper Category Avg. Core Bond Funds	-1.58%	-1.23%	1.44%	2.04%	3.99%	-
Bloomberg Barclays U.S. Aggregate Bond Index	-1.60%	-1.22%	1.31%	2.16%	3.77%	4.63%
w/ sales charge	-3.90%	-3.61%	0.35%	1.49%	3.82%	4.53%

Fund Expense Ratio :

0.63%

Returns with sales charges reflect a maximum sales charge of 2.25%.

Year	Fund Returns	Bloomberg Barclays U.S. Aggregate Bond Index

2017	3.25%	3.54%
2016	2.71%	2.65%
2015	-0.54%	0.55%
2014	6.13%	5.97%
2013	-2.28%	-2.02%
2012	5.84%	4.22%
2011	7.60%	7.84%
2010	6.66%	6.54%
2009	12.49%	5.93%
2008	1.12%	5.24%
2007	6.15%	-
2006	3.97%	-
2005	2.14%	-
2004	3.71%	-
2003	3.82%	-
2002	9.30%	-
2001	9.45%	-
2000	5.70%	-

Year	Q1	Q2	Q3	Q4	Yearly Returns

2018	-1.39%	-0.34%	0.03%	-	-2.45%
2017	0.85%	1.32%	0.75%	0.29%	3.25%
2016	2.65%	2.37%	0.75%	-2.99%	2.71%
2015	1.36%	-1.66%	0.62%	-0.85%	-0.54%
2014	2.10%	2.17%	0.12%	1.61%	6.13%
2013	0.00%	-2.72%	0.36%	0.10%	-2.28%
2012	1.11%	2.06%	1.97%	0.57%	5.84%
2011	0.58%	2.19%	3.56%	1.09%	7.60%
2010	2.16%	3.13%	2.67%	-1.40%	6.66%
2009	2.40%	3.95%	5.43%	0.24%	12.49%
2008	1.19%	-0.08%	-1.27%	1.30%	1.12%
2007	1.36%	-0.74%	2.79%	2.65%	6.15%
2006	-0.56%	-0.27%	3.75%	1.06%	3.97%
2005	-0.20%	2.87%	-0.90%	0.39%	2.14%
2004	2.37%	-2.39%	2.96%	0.81%	3.71%
2003	1.18%	2.68%	-0.26%	0.19%	3.82%
2002	0.00%	2.80%	3.86%	2.38%	9.30%
2001	3.27%	0.53%	5.03%	0.37%	9.45%
2000	-	-	-	4.71%	5.70%

Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.

Growth of $10,000 as of 09/30/2018

The chart begins on the Fund's inception date of 08/31/2000.

Based on a hypothetical Class A share investment of $10,000 on 08/31/2000 without sales charge and includes the reinvestment of all distributions.

NAV Historical Prices

Date	Net Asset Value

Portfolio

Rating	Assets
MBS
U.S. Government Related
ABS
CMBS
Corporates
Sovereign
Other
Cash

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Rating	Assets
Less than 1 year
1-2.99 years
3-4.99 years
5-6.99 years
7-9.99 years
Greater than 10 years

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Credit Quality Distribution as of 09/28/2018

Rating	Assets
U.S. Treasury
Agency
AAA
AA
A
BBB
<BBB

Portfolio Positioning as of 09/30/2018

We remain generally optimistic that the U.S. economy will continue to grow at a moderate pace given the implementation of tax cuts, high consumer confidence, prospects of deregulation, and strong economic fundamentals.
We increased the portfolio’s allocation to agency mortgage-backed securities (MBS), a domestic asset class that is less sensitive to global weakness. More specifically, we added higher coupon agency mortgage-backed securities to the portfolio, which appeared especially attractive as interest rates continued to rise. We continue to adjust allocations based on spreads versus Treasuries and relative value opportunities within the sector.
We maintained our allocation to high quality asset-backed securities (ABS), as spreads in the sector have remained tight. We favor the liquidity that ABS provide, and continue to find unique pockets of relative value and appealing risk-adjusted spread, primarily in credit card and auto-related ABS.
Commercial mortgage-backed securities (CMBS) continued to outperform other investment grade fixed income asset classes. While valuations have approached fair levels as spreads have tightened, we remain constructive on the sector due to their domestic orientation and strong fundamentals. We have been able to identify idiosyncratic opportunities, particularly within ‘BBB’ rated credits and favorable relative value within single asset/single-borrower deals across the credit spectrum.
We reduced the portfolio’s allocation to sovereign bonds, seeking to take advantage of better risk-reward opportunities within more domestic-oriented asset classes such as MBS, ABS, and CMBS.

Portfolio Details as of 09/28/2018

Total Net Assets: $1.10 B
Number of Issues: 435
Average Coupon: 3.42%
Average Life: 8.83 Years
Average Effective Duration: 6.07 Years

To view definitions for the above Portfolio Details, Click here.

Average Coupon - The weighted average annual rate of interest on a bond’s face value that the issuer agrees to pay the holder until maturity for all the securities in a portfolio.

Average Life - Measures how long it will take, on average, to receive the repayment of the principal amount on a debt security. Average life is often used in connection with mortgage-backed securities as a measurement of the length of time, on average, before the underlying mortgages are paid, refinanced, or otherwise retired.

Average Effective Duration - The change in the value of a fixed income security that will result from a 1% change in interest rates, taking into account anticipated cash flow fluctuations from mortgage prepayments, puts, adjustable coupons, and potential call dates. Duration is expressed as a number of years, and generally, the larger a duration, the greater the interest-rate risk or reward for a portfolio’s underlying bond prices. Where applicable, certain investments, such as common or preferred stock, convertible bonds and convertible preferred stock, ETFs, ADRs, and CPI swaps and related futures, are excluded from these calculations.

Holding	Coupon	Maturity	Assets

FNMA Conventional Long T. 30yr	4.000%	04/30/2047	14.5%
FNMA Conventional Long T. 30yr	4.500%	05/31/2047	13.0%
United States Treasury Bill	0.000%	12/13/2018	8.2%
U.S. Treasury Note/Bond	2.750%	09/30/2020	3.7%
U.S. Treasury Note/Bond	2.875%	09/30/2023	3.4%
U.S. Treasury Note/Bond	2.875%	05/15/2028	3.3%
J.P.Morgan Securities LLC	0.010%	-	3.2%
U.S. Treasury Note/Bond	3.000%	02/15/2048	2.6%
U.S. Treasury Note/Bond	1.875%	12/15/2020	2.2%
TD Securities (USA) LLC	0.010%	-	2.0%

% of Total Assets			56.1%

Aggregate holdings are updated monthly, 30 days after month end. Aggregate holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest, and may not be representative of the Fund's current or future investments. The figures presented are as of the date shown and may change at any time.

Holding	Coupon	Maturity	Assets

FNMA Conventional Long T. 30yr	4.000%	04/30/2047	14.5%
FNMA Conventional Long T. 30yr	4.500%	05/31/2047	13.0%
United States Treasury Bill	0.000%	12/13/2018	5.9%
U.S. Treasury Note/Bond	2.750%	08/31/2023	3.7%
J.P.Morgan Securities LLC	0.010%	-	3.2%
U.S. Treasury Note/Bond	2.875%	08/15/2028	2.4%
U.S. Treasury Note/Bond	3.000%	02/15/2048	2.4%
U.S. Treasury Note/Bond	1.875%	12/15/2020	2.2%
TD Securities (USA) LLC	0.010%	-	1.9%
U.S. Treasury Note/Bond	1.625%	11/15/2022	1.8%
Federal National Mortgage Assoc.	4.000%	09/01/2047	1.6%
U.S. Treasury Note/Bond	2.750%	08/15/2021	1.4%
U.S. Treasury Note/Bond	2.625%	08/31/2020	1.2%
Federal Home Loan Mortgage Corp.	4.000%	08/01/2047	1.1%
U.S. Treasury Note/Bond	3.000%	05/15/2045	0.9%
U.S. Treasury Note/Bond	2.250%	08/15/2046	0.8%
U.S. Treasury Note/Bond	2.625%	02/28/2023	0.7%
Discover Card Execution Note Trust	2.513%	04/15/2021	0.6%
Santander Drive Auto Receivables Trust 2015-4	4.540%	11/15/2022	0.6%
Drive Auto Receivables Trust	2.750%	10/15/2020	0.6%
Discover Card Execution Note Trust	2.493%	07/15/2021	0.6%
Burlington Northern Santa Fe LLC	5.750%	05/01/2040	0.6%
Barclays Dryrock Issuance Trust 2015-4	1.720%	08/16/2021	0.5%
U.S. Treasury Note/Bond	2.625%	07/31/2020	0.5%
Wells Fargo Bank, N.A.	5.850%	02/01/2037	0.5%
JPMorgan Chase & Co.	3.782%	02/01/2028	0.5%
Cox Communications, Inc.	8.375%	03/01/2039	0.5%
Anheuser-Busch InBev Finance, Inc.	4.700%	02/01/2036	0.5%
ENI SpA	5.700%	10/01/2040	0.5%
Santander Drive Auto Receivables Trust 2016-2	4.380%	09/15/2023	0.5%
U.S. Treasury Note/Bond	2.625%	11/15/2020	0.5%
U.S. Treasury Note/Bond	6.250%	08/15/2023	0.5%
Citibank Credit Card Issuance Trust	1.740%	01/19/2021	0.5%
Teachers Insurance & Annuity Association of Americ	4.900%	09/15/2044	0.5%
Barclays Dryrock Issuance Trust	2.363%	05/15/2023	0.5%
Bank of America Corp.	3.824%	01/20/2028	0.4%
Flagship Credit Auto Trust 2018-3	3.070%	02/15/2023	0.4%
World Financial Network Credit Card Master Trust	2.310%	08/15/2024	0.4%
J.P. Morgan Chase Commercial Mortgage Securities T	3.030%	07/05/2033	0.4%
Chesapeake Funding II LLC	1.880%	06/15/2028	0.4%
U.S. Treasury Note/Bond	3.125%	11/15/2041	0.4%
General Motors Co.	6.600%	04/01/2036	0.4%
BMW Vehicle Owner Trust 2018-A	2.090%	11/25/2020	0.4%
World Financial Network Credit Card Master Trust	2.230%	08/15/2022	0.4%
Federal National Mortgage Assoc.	4.000%	06/01/2043	0.4%
OHA Loan Funding 2016-1 Ltd	4.148%	01/20/2028	0.4%
BX Commercial Mortgage Trust 2018-BIOA	2.734%	03/15/2037	0.4%
Hilton Orlando Trust 2018-ORL	2.833%	12/15/2034	0.4%
Drive Auto Receivables Trust 2017-2	3.490%	09/15/2023	0.4%
U.S. Treasury Note/Bond	2.500%	02/15/2046	0.4%
Government National Mortgage Association	2.900%	11/16/2055	0.4%
FNMA Conventional Long T. 30yr	3.500%	05/31/2047	0.4%
U.S. Treasury Note/Bond	4.375%	05/15/2041	0.4%
Daimler Trucks Retail Trust 2018-1	2.600%	05/15/2020	0.4%
AT&T, Inc.	6.000%	08/15/2040	0.3%
Comcast Corp.	3.969%	11/01/2047	0.3%
Tencent Holdings Ltd.	3.595%	01/19/2028	0.3%
JP Morgan Chase Commercial Mortgage Securities Cor	4.128%	07/05/2031	0.3%
Government National Mortgage Association	2.700%	08/16/2058	0.3%
Citibank Credit Card Issuance Trust	2.493%	09/10/2020	0.3%
WhiteHorse VIII Ltd	3.243%	05/01/2026	0.3%
Caesars Palace Las Vegas Trust 2017-VICI	3.531%	10/15/2034	0.3%
Tralee CLO III Ltd	3.378%	10/20/2027	0.3%
Santander Drive Auto Receivables Trust 2018-3	2.780%	03/15/2021	0.3%
General Electric Co.	6.150%	08/07/2037	0.3%
EPR Properties	4.950%	04/15/2028	0.3%
JP Morgan Chase Commercial Mortgage Securities Tru	3.063%	06/15/2032	0.3%
Toronto-Dominion Bank	3.625%	09/15/2031	0.3%
DLL 2018-1 LLC	3.100%	04/18/2022	0.3%
SLC Student Loan Trust 2008-1	3.941%	12/15/2032	0.3%
Pacific Gas & Electric Co.	6.050%	03/01/2034	0.3%
Chase Issuance Trust	1.270%	07/15/2021	0.3%
Pacific Gas & Electric Co.	3.300%	12/01/2027	0.3%
Macquarie Group Ltd.	4.654%	03/27/2029	0.3%
Government National Mortgage Association	2.600%	06/16/2057	0.3%
Nvent Finance Sarl	4.550%	04/15/2028	0.3%
Government National Mortgage Association	2.900%	02/16/2049	0.3%
American Express Credit Account Master Trust	1.930%	09/15/2022	0.3%
UBS AG	7.625%	08/17/2022	0.3%
Drive Auto Receivables Trust	5.150%	08/15/2022	0.3%
Mercedes-Benz Auto Lease Trust 2018-A	2.200%	04/15/2020	0.3%
Anglo American Capital plc	4.000%	09/11/2027	0.3%
Navient Student Loan Trust 2017-2	3.115%	12/27/2066	0.3%
BX Trust 2018-GW	2.863%	05/15/2035	0.3%
California Republic Auto Receivables Trust 2018-1	2.860%	03/15/2021	0.3%
Engs Commercial Finance Trust 2018-1	2.970%	02/22/2021	0.3%
Santander Drive Auto Receivables Trust 2015-5	2.740%	12/15/2021	0.3%
Synchrony Credit Card Master Note Trust	2.040%	03/15/2022	0.3%
Birchwood Park CLO Ltd.	3.519%	07/15/2026	0.3%
World Financial Network Credit Card Master Trust	1.980%	06/15/2023	0.3%
AmeriCredit Automobile Receivables Trust 2016-2	2.210%	05/10/2021	0.3%
Chesapeake Funding II LLC	1.910%	08/15/2029	0.3%
Goldman Sachs Group, Inc.	6.750%	10/01/2037	0.3%
IFM US Colonial Pipeline 2 LLC	6.450%	05/01/2021	0.3%
SCF Equipment Leasing 2018-1 LLC	3.630%	10/20/2024	0.3%
Morgan Stanley	4.000%	07/23/2025	0.3%
Ford Motor Co.	7.450%	07/16/2031	0.3%
Santander UK plc	7.950%	10/26/2029	0.3%
Xilinx, Inc.	2.950%	06/01/2024	0.3%
Santander Drive Auto Receivables Trust 2014-5	4.230%	04/15/2022	0.3%
GM Financial Consumer Automobile Receivables Trust	1.710%	09/16/2020	0.3%
ICG US CLO 2015-2 Ltd	3.189%	01/16/2028	0.3%
BB-UBS Trust	3.430%	11/05/2036	0.3%
Trimble Navigation Ltd.	4.900%	06/15/2028	0.2%
Avery Point VII CLO Ltd	3.839%	01/15/2028	0.2%
American Credit Acceptance Receivables Trust 2018-	2.720%	03/10/2021	0.2%
Palmer Square Loan Funding 2018-1 Ltd	2.939%	04/15/2026	0.2%
JPMBB Commercial Mortgage Securities Trust	4.441%	07/15/2048	0.2%
Hardee's Funding LLC	4.959%	06/20/2048	0.2%
Energy Transfer Partners LP	7.500%	07/01/2038	0.2%
Sofi Professional Loan Program 2018-A LLC	2.950%	02/25/2042	0.2%
SunTrust Auto Receivables Trust	3.240%	01/16/2023	0.2%
Ohio Edison Co.	8.250%	10/15/2038	0.2%
Aquarion Co.	4.000%	08/15/2024	0.2%
Citigroup, Inc.	3.887%	01/10/2028	0.2%
JFIN CLO 2014 Ltd	3.798%	04/21/2025	0.2%
Federal National Mortgage Assoc.	3.500%	07/01/2043	0.2%
Baker Hughes a GE Co LLC / Baker Hughes Co-Obligor	3.337%	12/15/2027	0.2%
Hyundai Auto Lease Securitization Trust 2017-C	1.890%	03/16/2020	0.2%
Petroleos Mexicanos	4.500%	01/23/2026	0.2%
California Republic Auto Receivables Trust 2017-1	1.900%	03/15/2021	0.2%
Towd Point Asset Trust 2018-SL1	2.665%	01/25/2046	0.2%
Citigroup Commercial Mortgage Trust 2016-GC36	2.850%	02/10/2049	0.2%
HCA, Inc.	5.500%	06/15/2047	0.2%
Bacardi Ltd.	4.700%	05/15/2028	0.2%
Wells Fargo & Co.	3.000%	10/23/2026	0.2%
Ford Credit Auto Lease Trust 2017-B	1.800%	06/15/2020	0.2%
Federal Home Loan Mortgage Corp.	3.444%	12/25/2027	0.2%
Time Warner Cable LLC	7.300%	07/01/2038	0.2%
Ford Credit Auto Owner Trust 2017-REV1	2.620%	08/15/2028	0.2%
Hudsons Bay Simon JV Trust	4.666%	08/05/2034	0.2%
Federal National Mortgage Assoc.	4.000%	01/01/2042	0.2%
Ausgrid Finance Pty Ltd	4.350%	08/01/2028	0.2%
South Carolina Electric & Gas Co.	6.050%	01/15/2038	0.2%
Glencore Finance Canada Ltd.	5.550%	10/25/2042	0.2%
Citibank Credit Card Issuance Trust	3.210%	12/07/2024	0.2%
Citigroup, Inc.	3.668%	07/24/2028	0.2%
Morgan Stanley	3.875%	01/27/2026	0.2%
Siemens Financial Services, Inc.	2.350%	10/15/2026	0.2%
Halliburton Co.	7.450%	09/15/2039	0.2%
California Republic Auto Receivables Trust 2018-1	3.560%	03/15/2023	0.2%
Caesars Palace Las Vegas Trust 2017-VICI	3.835%	10/15/2034	0.2%
Santander Drive Auto Receivables Trust 2018-1	2.100%	11/16/2020	0.2%
DRB Prime Student Loan Trust	3.200%	01/25/2040	0.2%
World Financial Network Credit Card Master Trust	2.660%	08/15/2024	0.2%
Kerr-McGee Corp.	7.875%	09/15/2031	0.2%
J.P. Morgan Chase Commercial Mortgage Securities T	4.248%	07/05/2033	0.2%
Valero Energy Corp.	10.500%	03/15/2039	0.2%
Progress Energy, Inc.	7.750%	03/01/2031	0.2%
Crestline Denali CLO XIV Ltd	3.917%	10/23/2028	0.2%
Shell International Finance BV	6.375%	12/15/2038	0.2%
Dell International LLC / EMC Corp	6.020%	06/15/2026	0.2%
CRH America Finance, Inc.	4.500%	04/04/2048	0.2%
Westpac Banking Corp.	4.322%	11/23/2031	0.2%
Drive Auto Receivables Trust	3.010%	11/15/2021	0.2%
Exelon Generation Co. LLC	5.600%	06/15/2042	0.2%
Bank of America Corp.	3.593%	07/21/2028	0.2%
CPS Auto Trust	2.870%	09/15/2021	0.2%
Hudsons Bay Simon JV Trust	5.331%	08/05/2034	0.2%
Federal National Mortgage Assoc.	4.000%	02/01/2045	0.2%
BWAY 2015-1740 Mortgage Trust	2.917%	01/10/2035	0.2%
Wells Fargo Bank, N.A.	6.600%	01/15/2038	0.2%
COMM 2016-SAVA Mortgage Trust	3.783%	10/15/2034	0.2%
Drive Auto Receivables Trust	3.020%	11/15/2021	0.2%
Drive Auto Receivables Trust	3.720%	09/16/2024	0.2%
Oracle Corp.	6.125%	07/08/2039	0.2%
International Lease Finance Corp.	5.875%	04/01/2019	0.2%
Alibaba Group Holding Ltd.	3.600%	11/28/2024	0.2%
Capital One Multi-Asset Execution Trust	1.340%	04/15/2022	0.2%
Synchrony Credit Card Master Note Trust	2.620%	10/15/2025	0.2%
SURA Asset Management SA	4.875%	04/17/2024	0.2%
Baidu, Inc.	3.875%	09/29/2023	0.2%
Foursight Capital Automobile Receivables Trust 201	3.240%	09/15/2022	0.2%
First Investors Auto Owner Trust 2017-2	1.860%	10/15/2021	0.2%
Citibank Credit Card Issuance Trust	2.150%	07/15/2021	0.2%
Federal Home Loan Mortgage Corp.	2.280%	02/25/2032	0.2%
SoFi Professional Loan Program 2017-E LLC	2.720%	11/26/2040	0.2%
Flagship Credit Auto Trust 2018-1	2.590%	06/15/2022	0.2%
Federal National Mortgage Assoc.	3.500%	06/01/2043	0.2%
Verizon Communications, Inc.	4.862%	08/21/2046	0.2%
Federal National Mortgage Assoc.	3.500%	06/01/2043	0.2%
Willis North America, Inc.	7.000%	09/29/2019	0.2%
Texas-New Mexico Power Co.	9.500%	04/01/2019	0.2%
AmeriCredit Automobile Receivables Trust 2017-2	1.650%	09/18/2020	0.2%
Wells Fargo Commercial Mortgage Trust	4.267%	05/15/2048	0.2%
Dominion Gas Holdings LLC	4.600%	12/15/2044	0.2%
Master Credit Card Trust II Series 2018-1	3.245%	07/22/2024	0.2%
Federal National Mortgage Assoc.	4.000%	10/01/2040	0.2%
Ares XXIX CLO Ltd.	3.526%	04/17/2026	0.2%
Government National Mortgage Association	2.750%	02/16/2058	0.2%
JP Morgan Chase Commercial Mortgage Securities Tru	4.163%	06/15/2032	0.2%
Bank of America Corp.	4.000%	01/22/2025	0.2%
Federal National Mortgage Assoc.	3.500%	04/01/2043	0.2%
Statoil ASA	7.150%	11/15/2025	0.2%
AmeriCredit Automobile Receivables Trust 2017-2	2.970%	03/20/2023	0.1%
Daimler Finance North America LLC	3.750%	02/22/2028	0.1%
Foursight Capital Automobile Receivables Trust 201	2.850%	08/16/2021	0.1%
Commonwealth Bank of Australia	4.500%	12/09/2025	0.1%
Dell International LLC / EMC Corp.	8.350%	07/15/2046	0.1%
KVK CLO 2016-1 Ltd	5.489%	01/15/2029	0.1%
Ford Credit Auto Owner Trust	3.470%	01/15/2030	0.1%
Navient Student Loan Trust 2016-7	3.215%	03/25/2066	0.1%
Colonial Pipeline Co.	4.250%	04/15/2048	0.1%
Carnival plc	7.875%	06/01/2027	0.1%
Drive Auto Receivables Trust	3.910%	05/17/2021	0.1%
Federal National Mortgage Assoc.	5.500%	01/01/2035	0.1%
CarMax Auto Owner Trust 2014-3	2.040%	03/16/2020	0.1%
CVS Caremark Corp.	4.300%	03/25/2028	0.1%
Benefit Street Partners CLO IV Ltd	4.398%	01/20/2029	0.1%
Drive Auto Receivables Trust	3.380%	11/15/2021	0.1%
The Royal Bank of Scotland Group PLC	4.892%	05/18/2029	0.1%
Regatta IV Funding Ltd	5.635%	07/25/2026	0.1%
SoFi Professional Loan Program 2017-E LLC	2.565%	11/26/2040	0.1%
VEREIT Operating Partnership L.P.	3.950%	08/15/2027	0.1%
Federal National Mortgage Assoc.	4.000%	07/01/2042	0.1%
Appalachian Power Co.	7.000%	04/01/2038	0.1%
TCF Auto Receivables Owner Trust 2016-PT1	2.920%	10/17/2022	0.1%
CPS Auto Receivables Trust 2017-D	1.870%	03/15/2021	0.1%
Nissan Auto Receivables 2016-A Owner Trust	1.340%	10/15/2020	0.1%
Morgan Stanley	3.625%	01/20/2027	0.1%
Government National Mortgage Association	2.700%	07/16/2057	0.1%
Kinder Morgan, Inc.	7.750%	01/15/2032	0.1%
Securian Financial Group Inc	4.800%	04/15/2048	0.1%
Federal National Mortgage Assoc.	5.500%	09/01/2036	0.1%
Mountain View CLO X Ltd	3.687%	10/13/2027	0.1%
Drive Auto Receivables Trust	3.060%	05/17/2021	0.1%
Avis Budget Rental Car Funding	2.460%	07/20/2020	0.1%
Jamestown CLO VII Ltd.	4.935%	07/25/2027	0.1%
JPMorgan Chase & Co.	3.540%	05/01/2028	0.1%
Flagship Credit Auto Trust 2018-3	3.590%	12/16/2024	0.1%
Discover Card Execution Note Trust	1.640%	07/15/2021	0.1%
Citigroup, Inc.	4.450%	09/29/2027	0.1%
Chesapeake Funding II LLC	1.990%	05/15/2029	0.1%
Honda Auto Receivables 2015-4 Owner Trust	1.230%	09/23/2019	0.1%
GS Mortgage Securities Corp. II	3.013%	07/15/2035	0.1%
Bermuda Government International Bond	3.717%	01/25/2027	0.1%
First Investors Auto Owner Trust	2.410%	12/15/2022	0.1%
Drive Auto Receivables Trust	2.610%	08/16/2021	0.1%
COMM Mortgage Trust	4.588%	07/10/2050	0.1%
Wells Fargo Commercial Mortgage Trust 2016-NXS5	5.041%	01/15/2059	0.1%
New York and Presbyterian Hospital/The	4.063%	08/01/2056	0.1%
Massachusetts Electric Co.	4.004%	08/15/2046	0.1%
Government National Mortgage Association	2.750%	02/16/2058	0.1%
Jefferson Mill CLO Ltd	4.498%	07/20/2027	0.1%
Palmer Square Loan Funding 2017-1 Ltd	4.039%	10/15/2025	0.1%
CNAC HK Finbridge Co Ltd	3.500%	07/19/2022	0.1%
Intesa Sanpaolo SpA	3.875%	01/12/2028	0.1%
Assurant, Inc.	4.900%	03/27/2028	0.1%
Banco de Credito e Inversiones	3.500%	10/12/2027	0.1%
American Credit Acceptance Receivables Trust 2015-	4.840%	10/12/2021	0.1%
COMM 2015-LC23 Mortgage Trust	4.800%	10/10/2048	0.1%
Diamond Resorts Owner Trust	4.110%	10/22/2029	0.1%
Edison International	4.125%	03/15/2028	0.1%
Benefit Street Partners CLO IV Ltd	3.838%	01/20/2029	0.1%
Goldman Sachs Group, Inc.	4.223%	05/01/2029	0.1%
Drive Auto Receivables Trust	4.160%	05/15/2024	0.1%
Westlake Automobile Receivables Trust 2017-2	1.800%	07/15/2020	0.1%
Bancorp Commercial Mortgage 2018-CRE3 Trust/The	2.922%	01/15/2033	0.1%
Vodafone Group plc	4.375%	05/30/2028	0.1%
Flagship Credit Auto Trust 2017-4	2.070%	04/15/2022	0.1%
Massachusetts Educational Financing Authority	3.285%	04/25/2038	0.1%
Atrium Hotel Portfolio Trust 2018-ATRM	3.013%	06/15/2035	0.1%
Alibaba Group Holding Ltd.	4.200%	12/06/2047	0.1%
Government National Mortgage Association	2.700%	04/16/2057	0.1%
OneMain Financial Issuance Trust 2016-1A	3.660%	02/20/2029	0.1%
COMM Mortgage Trust	4.588%	07/10/2050	0.1%
Chrysler Capital Auto Receivables Trust 2016-A	1.770%	10/15/2020	0.1%
Neuberger Berman Group LLC	4.500%	03/15/2027	0.1%
Shackleton 2016-IX CLO Ltd	4.248%	10/20/2028	0.1%
Westgate Resorts 2018-1 LLC	3.380%	12/20/2031	0.1%
Wheels SPV 2 LLC	3.060%	04/20/2027	0.1%
Citigroup Commercial Mortgage Trust	1.358%	05/10/2047	0.1%
PFS Financing Corp.	3.080%	02/15/2023	0.1%
Government National Mortgage Association	2.600%	07/16/2058	0.1%
Discover Financial Services	4.100%	02/09/2027	0.1%
GE Capital International Funding Co.	4.418%	11/15/2035	0.1%
California Republic Auto Receivables Trust	2.660%	08/17/2020	0.1%
Chrysler Capital Auto Receivables Trust	3.440%	08/16/2021	0.1%
Kaiser Foundation Hospitals	4.150%	05/01/2047	0.1%
E*TRADE Financial Corp.	4.500%	06/20/2028	0.1%
CarMax Auto Owner Trust 2014-3	2.290%	06/15/2020	0.1%
Entergy Louisiana LLC	4.000%	03/15/2033	0.1%
Drive Auto Receivables Trust 2017-2	2.750%	09/15/2023	0.1%
Bank of America Corp.	4.450%	03/03/2026	0.1%
CPS Auto Receivables Trust 2018-B	4.260%	03/15/2024	0.1%
GAHR Commericial Mortgage Trust	3.495%	12/15/2034	0.1%
21st Century Fox America, Inc.	7.750%	12/01/2045	0.1%
Republic of Uruguay	4.975%	04/20/2055	0.1%
Foursight Capital Automobile Receivables Trust 201	3.530%	04/17/2023	0.1%
Enterprise Fleet Financing LLC	2.130%	07/20/2022	0.1%
Palmer Square Loan Funding 2018-1 Ltd	3.389%	04/15/2026	0.1%
Mercedes-Benz Auto Receivables Trust 2016-1	1.260%	02/16/2021	0.1%
Flagship Credit Auto Trust 2017-1	1.930%	12/15/2021	0.1%
CNH Equipment Trust	1.650%	09/15/2021	0.1%
Carmax Auto Owner Trust	1.390%	05/17/2021	0.1%
EPR Properties	4.750%	12/15/2026	0.1%
National Oilwell Varco, Inc.	3.950%	12/01/2042	0.1%
Vodafone Group plc	5.250%	05/30/2048	0.1%
SunTrust Auto Receivables Trust	1.780%	01/15/2021	0.1%
SL Green Operating Partnership L.P.	3.250%	10/15/2022	0.1%
Flagship Credit Auto Trust 2017-3	1.880%	10/15/2021	0.1%
American Credit Acceptance Receivables Trust 2015-	4.290%	04/12/2021	0.1%
Drive Auto Receivables Trust	3.340%	09/15/2022	0.1%
Marvell Technology Group Ltd.	4.200%	06/22/2023	0.1%
AmeriCredit Automobile Receivables Trust 2015-3	2.080%	09/08/2020	0.1%
California Republic Auto Receivables Trust 2016-2	2.520%	05/16/2022	0.1%
SCF Equipment Leasing 2017-2 LLC	3.410%	12/20/2023	0.1%
Conn's Receivables Funding 2017-B LLC	2.730%	07/15/2020	0.1%
JB y Co SA de CV	3.750%	05/13/2025	0.1%
Northern Natural Gas	4.300%	01/15/2049	0.1%
DBWF Mortgage Trust	3.535%	06/10/2034	0.1%
Unum Group	5.750%	08/15/2042	0.1%
Qatar Government International Bond	5.103%	04/23/2048	0.1%
Abu Dhabi Crude Oil Pipeline LLC	4.600%	11/02/2047	0.1%
Ascentium Equipment Receivables 2016-2 Trust	1.650%	05/10/2022	0.1%
Federal Home Loan Mortgage Corp.	5.000%	06/01/2026	0.1%
GM Financial Automobile Leasing Trust 2016-3	1.610%	12/20/2019	0.1%
Flagship Credit Auto Trust 2017-2	1.850%	07/15/2021	0.1%
Bayer Corp	6.650%	02/15/2028	0.1%
CPS Auto Receivables Trust 2018-A	2.770%	04/18/2022	0.1%
Flagship Credit Auto Trust 2017-3	2.590%	07/15/2022	0.1%
Avery Point CLO Ltd.	3.935%	04/25/2026	0.1%
Santander Drive Auto Receivables Trust 2016-3	1.890%	06/15/2021	0.1%
Affiliated Managers Group, Inc.	4.250%	02/15/2024	0.1%
Vale Overseas Ltd.	6.875%	11/10/2039	0.1%
World Financial Network Credit Card Master Trust	2.030%	04/15/2025	0.1%
Drive Auto Receivables Trust 2017-2	2.250%	06/15/2021	0.1%
South Carolina Electric & Gas Co.	6.625%	02/01/2032	0.1%
PHEAA Student Loan Trust I	2.605%	04/25/2038	0.1%
Palmer Square Loan Funding 2018-1 Ltd	3.739%	04/15/2026	0.1%
CPS Auto Trust	3.430%	07/15/2022	0.1%
California Republic Auto Receivables Trust	1.820%	09/15/2020	0.1%
Ascension Health	3.945%	11/15/2046	0.1%
Government National Mortgage Association	2.900%	02/16/2053	0.1%
GS Mortgage Securities Trust	4.558%	07/10/2048	0.1%
Pennsylvania	5.350%	05/01/2030	0.1%
Foursight Capital Automobile Receivables Trust 201	2.870%	10/15/2021	0.1%
WFRBS Commercial Mortgage Trust	0.782%	10/15/2057	0.1%
AmeriCredit Automobile Receivables Trust 2017-3	1.690%	12/18/2020	0.1%
Time Warner Entertainment Co. L.P.	8.375%	07/15/2033	0.1%
Berkshire Hathaway Energy Co.	3.800%	07/15/2048	0.1%
AmeriCredit Automobile Receivables Trust 2017-3	2.240%	06/19/2023	0.1%
Chrysler Capital Auto Receivables Trust 2016-A	2.880%	06/15/2022	0.1%
Neuberger Berman Group LLC	4.875%	04/15/2045	0.1%
Dell International LLC / EMC Corp	3.480%	06/01/2019	0.1%
Drive Auto Receivables Trust	4.180%	03/15/2024	0.1%
American Credit Acceptance Receivables Trust 2016-	6.090%	05/12/2022	0.1%
Minejesa Capital BV	4.625%	08/10/2030	0.1%
Adani Ports & Special Economic Zone Ltd	4.000%	07/30/2027	0.1%
Bahamas Government International Bond	6.950%	11/20/2029	0.1%
Madison Park Funding XXI Ltd	3.865%	07/25/2029	0.1%
Benefit Street Partners CLO IV Ltd	5.248%	01/20/2029	0.1%
PPL Corp.	5.200%	07/15/2041	0.1%
Dell International LLC / EMC Corp.	5.450%	06/15/2023	0.1%
COMM Mortgage Trust	4.588%	07/10/2050	0.1%
Santander Drive Auto Receivables Trust	2.650%	08/17/2020	0.1%
Lincoln National Corp.	6.300%	10/09/2037	0.1%
Dominion Resources, Inc.	7.000%	06/15/2038	0.1%
Santander UK plc	5.000%	11/07/2023	0.1%
Ascentium Equipment Receivables 2017-1 Trust	1.870%	07/10/2019	0.1%
Citigroup Commercial Mortgage Trust 2016-P3	2.804%	04/15/2049	0.1%
MMAF Equipment Finance LLC	1.980%	06/10/2032	0.1%
Mexichem SAB de CV	4.875%	09/19/2022	0.1%
Access Point Funding I 2017-1 LLC	3.060%	04/15/2029	0.1%
CPS Auto Receivables Trust	6.580%	03/15/2022	0.1%
California Republic Auto Receivables Trust 2017-1	2.910%	12/15/2022	0.1%
Federal National Mortgage Assoc.	5.500%	12/01/2034	0.1%
WFRBS Commercial Mortgage Trust	0.307%	10/15/2057	0.1%
Drive Auto Receivables Trust	2.510%	01/15/2021	0.0%
Ally Auto Receivables Trust 2017-5	1.810%	06/15/2020	0.0%
Avis Budget Rental Car Funding	1.920%	09/20/2019	0.0%
E*TRADE Financial Corp.	3.800%	08/24/2027	0.0%
Ford Credit Auto Owner Trust 2017-REV2	2.360%	03/15/2029	0.0%
Volvo Financial Equipment LLC	1.910%	01/15/2020	0.0%
Apidos CLO XVI	5.342%	01/19/2025	0.0%
GM Financial Automobile Leasing Trust 2017-2	1.720%	01/21/2020	0.0%
First Investors Auto Owner Trust	2.720%	04/17/2023	0.0%
Ascentium Equipment Receivables 2016-2 Trust	2.500%	09/12/2022	0.0%
THL Credit Wind River 2014-3 CLO Ltd	3.947%	01/22/2027	0.0%
Drive Auto Receivables Trust	3.190%	07/15/2022	0.0%
Galaxy XXI CLO Ltd	3.368%	04/20/2031	0.0%
Ascentium Equipment Receivables 2017-1 Trust	2.290%	06/10/2021	0.0%
VEREIT Operating Partnership L.P.	4.875%	06/01/2026	0.0%
SLM Private Education Loan Trust	5.313%	05/16/2044	0.0%
OneMain Financial Issuance Trust 2015	3.190%	03/18/2026	0.0%
Santander Drive Auto Receivables Trust 2017-3	2.760%	12/15/2022	0.0%
Foursight Capital Automobile Receivables Trust 201	3.680%	08/15/2023	0.0%
California Republic Auto Receivables Trust	2.700%	09/15/2021	0.0%
Chesapeake Funding II LLC	2.110%	03/15/2028	0.0%
Syngenta Finance NV	4.441%	04/24/2023	0.0%
Engs Commercial Finance Trust	2.310%	10/22/2021	0.0%
Hyundai Auto Lease Securitization Trust 2016-B	1.520%	10/15/2019	0.0%
Santander Drive Auto Receivables Trust 2016-2	2.080%	02/16/2021	0.0%
Peru LNG Srl	5.375%	03/22/2030	0.0%
International Lease Finance Corp.	5.875%	08/15/2022	0.0%
Sequoia Mortgage Trust	2.069%	09/25/2042	0.0%
Chrysler Capital Auto Receivables Trust 2016-A	3.250%	06/15/2022	0.0%
WFRBS Commercial Mortgage Trust	1.206%	05/15/2047	0.0%
Capital Auto Receivables Asset Trust 2016-2	1.460%	06/22/2020	0.0%
Affiliated Managers Group, Inc.	3.500%	08/01/2025	0.0%
21st Century Fox America, Inc.	6.200%	12/15/2034	0.0%
Wells Fargo Commercial Mortgage Trust 2016-C35	4.176%	07/15/2048	0.0%
Honda Auto Receivables 2016-2 Owner Trust	1.390%	04/15/2020	0.0%
Csail Commercial Mortgage Trust	4.345%	06/15/2057	0.0%
Ares XXXIII CLO Ltd.	3.668%	12/05/2025	0.0%
Cox Communications, Inc.	4.500%	06/30/2043	0.0%
Diamond Resorts Owner Trust	2.990%	05/22/2028	0.0%
Time Warner Cable LLC	6.550%	05/01/2037	0.0%
Federal National Mortgage Assoc.	5.500%	02/01/2035	0.0%
COMM 2014-UBS4 Mortgage Trust	3.968%	08/10/2047	0.0%
Sound Point CLO XI Ltd.	3.998%	07/20/2028	0.0%
Ford Credit Auto Owner Trust 2017-REV2	2.600%	03/15/2029	0.0%
SFAVE Commercial Mortgage Securities Trust	4.144%	01/05/2043	0.0%
NYU Hospitals Center	4.368%	07/01/2047	0.0%
Diamond Resorts Owner Trust	3.080%	11/20/2028	0.0%
COMM Mortgage Trust	1.348%	08/10/2047	0.0%
Government National Mortgage Association	2.200%	04/16/2047	0.0%
American Credit Acceptance Receivables Trust 2017-	1.820%	03/10/2020	0.0%
Federal National Mortgage Assoc.	5.500%	09/01/2034	0.0%
Drive Auto Receivables Trust	2.200%	05/15/2020	0.0%
Drive Auto Receivables Trust	2.370%	11/16/2020	0.0%
California Republic Auto Receivables Trust 2016-2	1.560%	07/15/2020	0.0%
OneMain Financial Issuance Trust 2016-2	5.940%	03/20/2028	0.0%
First Investors Auto Owner Trust 2016-2	1.530%	11/16/2020	0.0%
Federal National Mortgage Assoc.	5.500%	04/01/2036	0.0%
Federal National Mortgage Assoc.	5.500%	02/01/2035	0.0%
Dell Equipment Finance Trust	1.860%	06/24/2019	0.0%
JPMBB Commercial Mortgage Securities Trust	1.288%	04/15/2047	0.0%
Santander Drive Auto Receivables Trust	2.570%	04/15/2021	0.0%
Federal National Mortgage Assoc.	5.500%	12/01/2034	0.0%
CarMax Auto Owner Trust	1.370%	03/16/2020	0.0%
WFRBS Commercial Mortgage Trust	0.723%	05/15/2047	0.0%
Dell Equipment Finance Trust	1.650%	07/22/2021	0.0%
Federal Home Loan Mortgage Corp.	5.000%	08/01/2023	0.0%
Federal Home Loan Mortgage Corp.	5.000%	07/01/2024	0.0%
Federal National Mortgage Assoc.	6.500%	01/01/2036	0.0%
JPMBB Commercial Mortgage Securities Trust	0.420%	04/15/2047	0.0%
Federal Home Loan Mortgage Corp.	5.000%	04/01/2021	0.0%
Laurel Road Prime Student Loan Trust 2017-B	1.630%	08/25/2042	0.0%
US 10YR ULTRA FUT DEC18	0.000%	12/31/2018	0.0%
US ULTRA BOND CBT DEC18	0.000%	12/31/2018	0.0%
US 2YR NOTE (CBT) DEC18	0.000%	01/04/2019	0.0%
US LONG BOND(CBT) DEC18	0.000%	12/31/2018	0.0%
US 5YR NOTE (CBT) DEC18	0.000%	01/04/2019	0.0%

Dividends & Cap Gains

Dividend Payments

For

YTD Dividends Paidas of 10/19/2018: $0.236
Dividend Frequency: Monthly (Daily Accrual)

Record Date	Ex-Dividend Date	Reinvest & Payable Date	Dividend	Reinvest Price
Daily	Daily	09/30/2018	$0.02730	$10.47
Daily	Daily	08/31/2018	$0.02796	$10.56
Daily	Daily	07/31/2018	$0.02797	$10.53
Daily	Daily	06/30/2018	$0.02930	$10.55
Daily	Daily	05/31/2018	$0.02765	$10.58
Daily	Daily	04/30/2018	$0.02717	$10.56
Daily	Daily	03/31/2018	$0.02578	$10.67
Daily	Daily	02/28/2018	$0.02183	$10.64
Daily	Daily	01/31/2018	$0.02110	$10.75

Upcoming Dividend Payment Dates

Record Date	Ex-Dividend Date	Reinvest & Payable Date
Daily	Daily	10/31/2018
Daily	Daily	11/30/2018
Daily	Daily	12/31/2018

Capital Gains Distributions

For

Record Date	Reinvest & Payable Date	Long-term	Short-term *	Total	Reinvest Price
12/17/2015	12/18/2015	$0.0064	$0.0168	$0.0232	$10.79

Taxed as ordinary income

Lord Abbett does not provide tax advice. It is strongly recommended that you discuss the impact of dividends and distributions with your tax advisor.

Upcoming Capital Gain Distribution

Record Date	Ex-Dividend Date
12/17/2018	12/18/2018

Fees & Expenses

Sales Charge Schedule as of 10/19/2018

	Sales Charge	Dealer's Concession	Prices at Breakpoint
Less than $100,000	2.25%	2.00%	$10.61
$100,000 to $249,999	1.75%	1.50%	$10.55
$250,000 to $499,999	1.25%	1.00%	$10.50
$500,000 to $999,999	0.00%	1.00%	$10.37
$1,000,000 to $5,000,000	0.00%	1.00%	$10.37

The 12b-1 trail commission is 0.15% (accrues immediately) for all fixed-income and municipal income funds.

Class A shares purchased without a sales charge (commissionable NAV) will be subject to a CDSC of 1% if they are redeemed before the first day of the month in which the one-year anniversary of the purchase falls.

For Sales Charge Reductions and Waivers Click here.

SALES CHARGE REDUCTIONS AND WAIVERS

Please inform the fund company or your financial intermediary at the time of your purchase of fund shares if you believe you qualify for a reduced front-end sales charge.

Reducing Your Class A Share Front-End Sales Charge
You may purchase Class A shares at a discount if you qualify under the circumstances outlined below. To receive a reduced front-end sales charge, you must let the fund or your financial intermediary know at the time of your purchase of fund shares that you believe you qualify for a discount. If you or a related party have holdings of eligible funds (as defined below) in other accounts with your financial intermediary or with other financial intermediaries that may be combined with your current purchases in determining the sales charge as described below, you must inform a fund or your financial intermediary. You may be asked to provide supporting account statements or other information to allow us or your financial intermediary to verify your eligibility for a discount. If you or your financial intermediary do not notify a fund or provide the requested information, you may not receive the reduced sales charge for which you otherwise qualify. Class A shares may be purchased at a discount if you qualify under either of the following conditions:

Rights of Accumulation - A purchaser may combine the value of Class A, B, C, F, and P shares of any eligible fund currently owned with a new purchase of Class A shares of any eligible fund in order to reduce the sales charge on the new purchase. Class I, R2, and R3 share holdings may not be combined for these purposes.

To the extent that your financial intermediary is able to do so, the value of Class A, B, C, F, and P shares of eligible funds determined for the purpose of reducing the sales charge of a new purchase under the Rights of Accumulation will be calculated at the higher of: 1) the aggregate current maximum offering price of your existing Class A, B, C, F, and P shares of eligible funds or 2) the aggregate amount you invested in such shares (including dividend reinvestments but excluding capital appreciation) less any withdrawals. You should retain any information and account records necessary to substantiate the historical amounts you and any related purchasers have invested in eligible funds. You must inform a fund and/or your financial intermediary at the time of purchase if you believe your purchase qualifies for a reduced sales charge; you may be requested to provide documentation of your holdings in order to verify your eligibility. If you do not do so, you may not receive all sales charge reductions for which you are eligible.
Letter of Intention — In order to reduce your Class A front-end sales charge, a purchaser may combine purchases of Class A, B, C, F, and P shares of any eligible fund the purchaser intends to make over the next 13 months in determining the applicable sales charge. The 13-month Letter of Intention period commences on the day that the Letter of Intention is received by a fund, and the purchaser must tell a fund that later purchases are subject to the Letter of Intention. Purchases submitted prior to the date the Letter of Intention is received by a fund are not counted toward the sales charge reduction. Current holdings under Rights of Accumulation may be included in a Letter of Intention in order to reduce the sales charge for purchases during the 13-month period covered by the Letter of Intention. Shares purchased through reinvestment of dividends or distributions are not included. Class I, R2, and R3 share holdings may not be combined for these purposes. Class A shares valued at 5% of the amount of intended purchases are escrowed and may be redeemed to cover the additional sales charges payable if the intended purchases under the Letter of Intention is not completed. The Letter of Intention is neither a binding obligation on you to buy nor on a fund to sell any or all of an intended purchase amount.

Purchaser — A purchaser includes: 1) an individual; 2) an individual, his or her spouse, and children under the age of 21; 3) retirement and benefit plans, including a 401(k) plan, profit-sharing plan, money purchase plan, defined benefit plan, and 457(b) plan sponsored by a governmental entity, nonprofit organization, school district, or church to which employer contributions are made, as well as SIMPLE IRA plans and SEP-IRA plans; or 4) a trustee or other fiduciary purchasing shares for a single trust, estate, or single fiduciary account. An individual may include under item (1) his or her holdings in eligible funds as described above in IRAs, as a sole participant of a retirement and benefit plan sponsored by the individual's business, and as a participant in a 403(b) plan to which only pretax salary deferrals are made. An individual and his or her spouse may include under item (2) their holdings in IRAs, and as the sole participants in retirement and benefit plans sponsored by a business owned by either or both of them. A retirement and benefit plan under item (3) includes all qualified retirement and benefit plans of a single employer and its consolidated subsidiaries, and all qualified retirement and benefit plans of multiple employers registered in the name of a single bank trustee.

Eligible fund — An eligible fund is any Lord Abbett-sponsored fund except for (1) each portfolio of Lord Abbett Series Fund, Inc., (2) Lord Abbett U.S. Government & Government Sponsored Enterprises Money Market Fund, Inc. ("Money Market Fund") (except for holdings in Money Market Fund, which are attributable to any shares exchanged from the Lord Abbett-sponsored funds), and (3) any other fund the shares of which are not available to the investor at the time of the transaction due to a limitation on the offering of a fund's shares.

Front-end Sales Charge Waivers
Class A shares may be purchased without a front-end sales charge under any of the following conditions:

purchases of $1 million or more (may be subject to a CDSC);
purchases by retirement and benefit plans with at least 100 eligible employees (may be subject to a CDSC);
purchases for retirement and benefit plans made through financial intermediaries that perform participant recordkeeping or other administrative services for the plans and that have entered into special arrangements with a fund and/or Lord Abbett Distributor specifically for such purchases (may be subject to a CDSC);
purchases made by or on behalf of financial intermediaries for clients that pay the financial intermediaries fees in connection with fee-based advisory program, provided that the financial intermediaries or their trading agents have entered into special arrangements with a fund and/or Lord Abbett Distributor specifically for such purchases; and
certain other types of investors may qualify to purchase Class A share without a front-end sales charge as described in the Statement of Additional Information (SAI).

Expense Ratioas of 09/30/2018

Fund Documents

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	Summary Prospectus Publish Date:11/03/2015
n/a	Statutory Prospectus Publish Date:11/03/2015
n/a	Prospectus (XBRL) Publish Date:11/03/2015
	SAI Publish Date:11/03/2015
	Annual Report Publish Date:11/03/2015
	Semi-Annual Report Publish Date:11/03/2015
	Fact Sheet Publish Date:11/03/2015
	Commentary Publish Date:11/03/2015

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Minimum initial investment varies depending on the class of shares you buy and the type of account. IRAs, SIMPLEs, and SEP accounts with payroll deductions have no minimums. Please see Fund prospectuses for additional information.

Dividend Yield is a financial ratio that shows how much a mutual fund pays out in dividends each year relative to value with maximum sales charges and without sales charges. The dividend yield is calculated by annualizing the last dividend and dividing it by the fund’s net asset value with maximum sales charges and without sales charges.

The 30-Day Standardized Yield represents net investment income earned by a fund over a 30-day period. It is expressed as an annual percentage rate using a method of calculation adopted by the Securities and Exchange Commission (SEC). Yields for other share classes will vary.

The Fund’s Dividend Yield, 12-Month Dividend Yield and 7 Day Yield are shown with and without sales charges and with maximum sales charges. The Fund’s Subsidized Dividend yield takes into account any fee waiver or expense limitation arrangements, if any. Without such fee waivers or expense limitation arrangements, the Fund’s dividend yield would have been lower. Information regarding any fee waivers or expense limitation arrangements applicable to the Fund is provided with the Fund’s expense ratio information.

The Fund’s Unsubsidized Dividend yield is shown without sales charges and with maximum sales charges. The Fund’s unsubsidized dividend yield reflects what the yield would have been without the effect of fee waivers or expense limitation arrangements.

The 30-day Standardized Subsidized yield reflects fee waivers in effect. Without such fee waivers, yields would be reduced.

The 30-day Standardized Unsubsidized yield does not reflect fee waivers.

IMPORTANT INFORMATION

A Note about Risk: The Fund is subject to the general risks associated with investing in fixed income securities, including market, credit, liquidity, and interest rate risk. The value of an investment in the Fund will change as interest rates fluctuate in response to market movements. When interest rates rise, the prices of debt securities are likely to decline, and when interest rates fall, the prices of debt securities tend to rise. The Fund may invest in Treasury Inflation Protected Securities and other inflation-indexed securities, which are subject to greater inflation rate and interest rate volatility. The Fund may invest in foreign or emerging market securities, which may be adversely affected by economic, political, or regulatory factors and subject to currency volatility and greater liquidity risk. The Fund may invest in derivatives, which are subject to greater liquidity, leverage, and counterparty risk. These factors can affect Fund performance.

Class A Except as noted below, returns with sales charges reflect a maximum sales charge of 5.75% for equity funds, 2.25% for all tax-free income funds, fixed income funds and multi-asset class funds. There are also ongoing 12b-1 service fees (and, in certain cases, distribution fees).

Class A Shares purchased subject to a front-end sales charge have no contingent deferred sales charge (CDSC). However, certain purchases of Class A shares made without a front-end sales charge may be subject to a CDSC of 1% if the shares are redeemed before the first day of the month in which the one year anniversary of the purchase falls. The CDSC is not reflected in the performance with maximum sales charge.

With Sales Charge - Returns with sales charges reflect applicable fees and expenses and include all distributions reinvested.

Without Sales Charge - Returns shown are without sales charges and have all distributions reinvested. If a sales charge had been deducted, the results would have been lower.

Returns shown at less than a year reflect aggregate total returns.

Double-Digit Returns - instances of high double-digit returns were achieved primarily during favorable market conditions and may not be sustainable over time.

The Barclays U.S. Aggregate Bond Index represents securities that are SEC-registered, taxable, and dollar denominated. The index covers the U.S. investment grade fixed rate bond market, with index components for government and corporate securities, mortgage pass-through securities, and asset-backed securities. Total return comprises price appreciation/depreciation and income as a percentage of the original investment.

Indexes reflect total return, unless otherwise specified, with all dividends reinvested. Indexes are unmanaged, do not reflect the deduction of fees or expenses, and are not available for direct investment.

The Overall Morningstar RatingTM is derived from a weighted average of the performance figures associated with a fund's three-, five-, and 10-year (as applicable) Morningstar RatingTM metrics. © Morningstar, Inc. All rights reserved. The information contained herein (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Morningstar proprietary ratings reflect historical risk-adjusted performance. For each fund with at least a three-year history, Morningstar calculates a Morningstar RatingTM based on a Morningstar risk-adjusted return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. Load-waived ratings do not include any front-end sales charges (which are only available for certain defined contribution plans and certain mutual fund advisory programs) and should only be considered by investors who are not subject to sales loads. Not all funds with a load-waived rating may waive their front-end load. An investor should check with their advisor to determine if they are eligible to purchase the load-waived Class A share. The top 10% of the funds in an investment category receive 5 stars, 22.5% receive 4 stars, 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages). The Overall Morningstar rating is a weighted average of funds' three-, five-, and 10-year (as applicable) ratings. Past performance is no guarantee of future results. Morningstar Rating is for the Class A share only; other classes may have different performance characteristics.

Performance data quoted is historical. Past performance is not indicative of future results. Current performance may be higher or lower than the performance quoted. The investment return and principal value of an investment in the Fund will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than their original cost. To obtain performance data current to the most recent quarter-end, go to quarter ending performance on our Website or call Lord Abbett at (888) 522-2388.

Lipper Category Average - Peer group averages are based on universes of funds with the same investment objectives. The average return for the peer group is based on the returns of each individual fund within the group for the period shown. This average assumes reinvestment of dividends.

Fund Expense Ratio Detail: Reflects expenses for the Fund's fiscal year-end and is subject to change. Fund expenses may fluctuate with market volatility. A substantial reduction in Fund assets (since its most recently completed fiscal year), whether caused by market conditions or significant redemptions or both, will likely cause total operating expenses (as a percentage of Fund assets) to become higher than those shown.

Lipper Category Average Expense Ratio reflects the average net expenses of Class A shares of all funds with in the peer group based on Lipper data available.

The Fund's portfolio is actively managed and portfolio characteristics, such as individual holdings and sector weightings may change significantly over time. The portfolio data is for information only. It does not constitute a recommendation or an offer for a particular security or fund, nor should it be taken as a solicitation or recommendation to buy or sell securities or other investments.

Dividends and Capital Gains: The information presented in this section is intended for general information and is not intended to be relied upon and should not be relied upon, as financial, legal or tax advice for any particular investor. We strongly recommend that you contact your financial, legal or tax advisor regarding your particular tax situation.

The information presented in this section is not written or intended to be used, and cannot be used, for the purpose of avoiding any tax liabilities or penalties.

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Summary

Summary

What is the Core Fixed Income Fund?

The Fund seeks to deliver current income and the opportunity for capital appreciation by investing primarily in U.S. investment grade corporate, government, and mortgage- and asset-backed securities.

Yield

Dividend Yield 1 as of 10/19/2018

30-Day Standardized Yield 2 as of 09/30/2018

Expense Ratioas of 09/30/2018

Fund Basicsas of 09/28/2018

Fund Expense Ratio :

0.63%

Fund Expense Ratio :

0.63%

Fund Expense Ratio :

0.63%

Fund Expense Ratio :

0.63%

Credit Quality Distribution as of 09/28/2018 View Portfolio

Investment Team

Contact a Representative

Performance

Performance

Dividend Yield 1 as of 10/19/2018

30-Day Standardized Yield 2 as of 09/30/2018

Fund Expense Ratio :

0.63%

Fund Expense Ratio :

0.63%

Fund Expense Ratio :

0.63%

Fund Expense Ratio :

0.63%

Growth of $10,000 as of 09/30/2018

NAV Historical Prices

Portfolio

Portfolio

Credit Quality Distribution as of 09/28/2018

Portfolio Positioning as of 09/30/2018

Portfolio Details as of 09/28/2018

Dividends & Cap Gains

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Using Your Email Address.

Dividend Yield ¹ as of 10/19/2018

30-Day Standardized Yield ² as of 09/30/2018

Dividend Yield ¹ as of 10/19/2018

30-Day Standardized Yield ² as of 09/30/2018