Core Fixed Income Fund

LCRAX

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Daily price w/o sales charge as of 01/15/2021

$11.27

$0.01

YTD Returns w/o sales charge as of 01/15/2021

-0.57%

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 01/15/2021

w/o sales charge	1.35%
w/ sales charge	1.32%

30-Day Standardized Yield ² as of 12/31/2020

0.64%

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

Expense Ratioas of 12/31/2020

Fund Basicsas of 12/31/2020

Total Net Assets: $2.04 B
Inception Date: 08/31/2000
Dividend Frequency: Monthly (Daily Accrual)
Number of Holdings: 428
Minimum Initial Investment: $1,500+

Fund Expense Ratio :

0.64%

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

w/o sales charge	7.92%	7.92%	5.04%	4.21%	3.74%	4.98%
Lipper Category Avg. Core Bond Funds	8.24%	8.24%	5.37%	4.59%	3.90%	-
Bloomberg Barclays U.S. Aggregate Bond Index	7.51%	7.51%	5.34%	4.44%	3.84%	5.00%
w/ sales charge	5.54%	5.54%	4.24%	3.73%	3.50%	4.87%

Fund Expense Ratio :

0.64%

Fund Expense Ratio :

0.64%

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

w/o sales charge	7.92%	7.92%	5.04%	4.21%	3.74%	4.98%
Lipper Category Avg. Core Bond Funds	8.24%	8.24%	5.37%	4.59%	3.90%	-
Bloomberg Barclays U.S. Aggregate Bond Index	7.51%	7.51%	5.34%	4.44%	3.84%	5.00%
w/ sales charge	5.54%	5.54%	4.24%	3.73%	3.50%	4.87%

Fund Expense Ratio :

0.64%

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 for future results.

Type	Assets
U.S. Government Related
MBS
ABS
CMBS
Sovereign
Corporates
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
1-3 years
3-5 years
5-7 years
7-10 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 12/31/2020 View Portfolio

Rating	Assets
U.S. Treasury
Agency
AAA
AA
A
BBB
<BBB
Not Rated

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

26 Years of Industry Experience

Andrew H. O'Brien, CFA

Partner & Portfolio Manager

22 Years of Industry Experience

Robert A. Lee

Partner & Co-Head of Taxable Fixed Income

29 Years of Industry Experience

Supported By 64 Investment Professionals with 17 Years Avg. Industry Experience

Contact a Representative

To contact your representative, enter your zip code and select your channel below.

Performance

Dividend Yield ¹ as of 01/15/2021

w/o sales charge	1.35%
w/ sales charge	1.32%

30-Day Standardized Yield ² as of 12/31/2020

	Subsidized⁵	Un-Subsidized⁶
w/o sales charge	0.64%	0.64%

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

Fund Expense Ratio :

0.64%

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

w/o sales charge	7.92%	7.92%	5.04%	4.21%	3.74%	4.98%
Lipper Category Avg. Core Bond Funds	8.24%	8.24%	5.37%	4.59%	3.90%	-
Bloomberg Barclays U.S. Aggregate Bond Index	7.51%	7.51%	5.34%	4.44%	3.84%	5.00%
w/ sales charge	5.54%	5.54%	4.24%	3.73%	3.50%	4.87%

Fund Expense Ratio :

0.64%

Fund Expense Ratio :

0.64%

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

w/o sales charge	7.92%	7.92%	5.04%	4.21%	3.74%	4.98%
Lipper Category Avg. Core Bond Funds	8.24%	8.24%	5.37%	4.59%	3.90%	-
Bloomberg Barclays U.S. Aggregate Bond Index	7.51%	7.51%	5.34%	4.44%	3.84%	5.00%
w/ sales charge	5.54%	5.54%	4.24%	3.73%	3.50%	4.87%

Fund Expense Ratio :

0.64%

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

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

2020	7.92%	7.51%
2019	7.83%	8.72%
2018	-0.43%	0.01%
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%	-
2009	12.49%	-
2008	1.12%	-
2007	6.15%	-
2006	3.97%	-
2005	2.14%	-
2004	3.71%	-
2003	3.82%	-
2002	9.30%	-
2001	9.45%	-

Year	Q1	Q2	Q3	Q4	Yearly Returns

2021	-	-	-	-	-0.56%
2020	1.63%	3.62%	1.33%	1.14%	7.92%
2019	2.83%	2.89%	2.04%	-0.12%	7.83%
2018	-1.39%	-0.34%	0.03%	1.29%	-0.43%
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 12/31/2020

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
U.S. Government Related
MBS
ABS
CMBS
Sovereign
Corporates
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
1-3 years
3-5 years
5-7 years
7-10 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 12/31/2020

Rating	Assets
U.S. Treasury
Agency
AAA
AA
A
BBB
<BBB
Not Rated

Portfolio Positioning as of 9/30/2020

Over the quarter the largest change in the portfolio composition was an increase in the U.S. Treasury allocation as spreads in riskier sectors tightened and we continue to prioritize and emphasize liquidity within the portfolio.
We decreased the portfolio’s allocation to investment grade corporate credit. Specifically, we reduced the portfolio’s allocation to high quality corporate bonds in July and August as spreads had tightened significantly since their March wides.
We feel valuations are attractive compared to underlying economic fundamentals. The Fed continues to provide an environment of significantly low volatility, negative real yields, and support to maintain market liquidity.

Portfolio Details as of 12/31/2020

Total Net Assets: $2.04 B
Number of Issues: 428
Average Coupon: 2.47%
Average Life: 6.39 Years
Average Maturity: 6.39 Years
Average Effective Duration: 5.89 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

U.S. Treasury Note/Bond	2.500%	01/31/2021	11.0%
30-YR UMBS-TBA PROD JAN	3.500%	10/01/2049	9.6%
U.S. Treasury Note/Bond	0.250%	10/31/2025	9.5%
30-YR UMBS-TBA PROD JAN	3.000%	01/01/2050	8.3%
U.S. Treasury Note/Bond	0.125%	12/15/2023	7.2%
United States Treasury Bill	0.000%	02/04/2021	5.5%
30-YR UMBS-TBA PROD JAN	4.000%	02/01/2049	5.1%
30-YR UMBS-TBA PROD JAN	2.500%	04/01/2046	2.4%
Japan Treasury Discount Bill	0.000%	02/22/2021	2.1%
U.S. Treasury Note/Bond	1.125%	05/15/2040	1.8%

% of Total Assets			62.5%

Holding	Coupon	Maturity	Assets

U.S. Treasury Note/Bond	2.500%	01/31/2021	10.6%
30-YR UMBS-TBA PROD DEC	3.500%	09/01/2049	9.2%
U.S. Treasury Note/Bond	0.250%	10/31/2025	8.4%
30-YR UMBS-TBA PROD DEC	3.000%	12/01/2049	7.9%
30-YR UMBS-TBA PROD DEC	4.000%	02/01/2049	4.9%
U.S. Treasury Note/Bond	0.250%	11/15/2023	4.8%
U.S. Treasury Note/Bond	0.125%	10/31/2022	3.6%
TD Securities (USA) LLC	0.010%	-	3.5%
U.S. Treasury Note/Bond	0.125%	09/30/2022	3.0%
U.S. Treasury Note/Bond	1.125%	05/15/2040	2.5%
30-YR UMBS-TBA PROD DEC	2.500%	03/01/2046	2.3%
Japan Treasury Discount Bill	0.000%	02/22/2021	2.0%
U.S. Treasury Note/Bond	1.625%	11/15/2050	0.9%
Federal National Mortgage Assoc.	3.500%	09/01/2047	0.9%
United States Treasury Bill	0.000%	02/04/2021	0.8%
U.S. Treasury Note/Bond	3.625%	08/15/2043	0.8%
JPMorgan Chase & Co.	3.782%	02/01/2028	0.7%
Broadcom Corp. / Broadcom Cayman Finance Ltd.	3.875%	01/15/2027	0.7%
AT&T, Inc.	4.300%	02/15/2030	0.6%
Federal National Mortgage Assoc.	3.500%	03/01/2050	0.5%
U.S. Treasury Note/Bond	2.375%	11/15/2049	0.5%
AbbVie, Inc.	4.250%	11/21/2049	0.5%
Westlake Automobile Receivables Trust 2020-2	0.930%	02/15/2024	0.5%
U.S. Treasury Note/Bond	1.375%	08/15/2050	0.5%
Citigroup, Inc.	2.666%	01/29/2031	0.5%
Boeing Co.	4.875%	05/01/2025	0.5%
Atlanta, GA	2.257%	11/01/2035	0.5%
Biogen Idec, Inc.	2.250%	05/01/2030	0.5%
Palmer Square Loan Funding 2018-1 Ltd	0.837%	04/15/2026	0.5%
Avis Budget Rental Car Funding	2.970%	03/20/2024	0.4%
Stryker Corp.	1.950%	06/15/2030	0.4%
General Motors Co.	6.600%	04/01/2036	0.4%
Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worl	4.700%	02/01/2036	0.4%
Cox Communications, Inc.	8.375%	03/01/2039	0.4%
NiSource, Inc.	3.490%	05/15/2027	0.4%
OneMain Financial Issuance Trust 2020-2	1.750%	09/14/2035	0.4%
NXP BV / NXP Funding LLC / NXP USA Inc	3.150%	05/01/2027	0.4%
Ford Credit Auto Owner Trust 2020-B	0.500%	02/15/2023	0.4%
Bayer US Finance II LLC	3.875%	12/15/2023	0.4%
HCA, Inc.	5.500%	06/15/2047	0.4%
PayPal Holdings, Inc.	2.850%	10/01/2029	0.4%
Wells Fargo Bank, N.A.	5.850%	02/01/2037	0.4%
Volkswagen Group of America Finance LLC	3.125%	05/12/2023	0.4%
Ally Financial, Inc.	8.000%	11/01/2031	0.4%
Alcon Finance Corp	2.600%	05/27/2030	0.3%
Boeing Co.	5.040%	05/01/2027	0.3%
Catholic Health Initiatives	3.347%	10/01/2029	0.3%
BAE Systems plc	3.400%	04/15/2030	0.3%
Hyundai Auto Receivables Trust 2017-B	1.960%	02/15/2023	0.3%
VEREIT Operating Partnership L.P.	4.875%	06/01/2026	0.3%
Parallel 2015-1 Ltd	1.068%	07/20/2027	0.3%
Bayer US Finance II LLC	4.375%	12/15/2028	0.3%
DTE Electric Co	2.625%	03/01/2031	0.3%
AerCap Ireland Capital Ltd.	3.875%	01/23/2028	0.3%
BMW Vehicle Owner Trust 2020-A	0.390%	02/27/2023	0.3%
ENI SpA	5.700%	10/01/2040	0.3%
Morgan Stanley	3.875%	01/27/2026	0.3%
Teachers Insurance & Annuity Association of Americ	4.900%	09/15/2044	0.3%
OneMain Financial Issuance Trust 2018-2	3.570%	03/14/2033	0.3%
Great Wolf Trust 2019-WOLF	1.175%	12/15/2036	0.3%
Anthem, Inc.	2.250%	05/15/2030	0.3%
Vista Point Securitization Trust 2020-1	1.763%	03/25/2065	0.3%
NVR, Inc.	3.000%	05/15/2030	0.3%
Citigroup, Inc.	3.887%	01/10/2028	0.3%
AT&T, Inc.	3.500%	09/15/2053	0.3%
Lending Funding Trust 2020-2	2.320%	04/21/2031	0.3%
Boston Scientific Corp.	2.650%	06/01/2030	0.3%
Honda Auto Receivables 2017-4 Owner Trust	2.210%	03/21/2024	0.3%
Development Bank of Japan Inc	1.000%	08/27/2030	0.3%
Bank of America Corp.	3.593%	07/21/2028	0.3%
D.R. Horton, Inc.	2.600%	10/15/2025	0.3%
Drive Auto Receivables Trust	5.300%	07/15/2024	0.3%
Starwood Mortgage Residential Trust 2020-3	1.486%	04/25/2065	0.3%
BMW US Capital LLC	3.900%	04/09/2025	0.3%
Zimmer Biomet Holdings, Inc.	3.550%	04/01/2025	0.3%
ME Funding LLC 2019-1	6.448%	07/30/2049	0.3%
Avolon Holdings Funding Ltd	5.250%	05/15/2024	0.3%
Time Warner Cable LLC	7.300%	07/01/2038	0.2%
Bank of America Corp.	4.250%	10/22/2026	0.2%
Regeneron Pharmaceuticals, Inc.	1.750%	09/15/2030	0.2%
Berkshire Hathaway Energy Co.	3.800%	07/15/2048	0.2%
Volkswagen Auto Loan Enhanced Trust 2020-1	0.930%	12/20/2022	0.2%
CVS Caremark Corp.	3.625%	04/01/2027	0.2%
JP Morgan Chase Commercial Mortgage Securities Tru	1.088%	07/05/2033	0.2%
Toronto-Dominion Bank	3.625%	09/15/2031	0.2%
Galaxy Pipeline Assets Bidco Ltd	3.250%	09/30/2040	0.2%
Kayne CLO 7 Ltd	1.418%	04/17/2033	0.2%
Saudi Government International Bond	3.250%	10/26/2026	0.2%
Federal National Mortgage Assoc.	4.000%	01/01/2048	0.2%
Park Aerospace Holdings Ltd	5.500%	02/15/2024	0.2%
Emera US Finance L.P.	4.750%	06/15/2046	0.2%
Credit Suisse Mortgage Capital Certificates	1.700%	04/25/2065	0.2%
Quest Diagnostics, Inc.	2.800%	06/30/2031	0.2%
CPS Auto Receivables Trust 2020-B	1.150%	07/17/2023	0.2%
SCF Equipment Leasing 2019-1 LLC	3.920%	11/20/2026	0.2%
Apache Corp.	4.750%	04/15/2043	0.2%
BX Commercial Mortgage Trust 2018-BIOA	0.812%	03/15/2037	0.2%
Tencent Holdings Ltd.	3.595%	01/19/2028	0.2%
Ohio Edison Co.	8.250%	10/15/2038	0.2%
GCAT 2020-NQM2 Trust	1.555%	04/25/2065	0.2%
Verus Securitization Trust 2020-4	1.502%	05/25/2065	0.2%
Ellington Financial Mortgage Trust 2020-1	2.006%	05/25/2065	0.2%
Hilton Orlando Trust 2018-ORL	0.911%	12/15/2034	0.2%
Kayne CLO 5 Ltd	1.565%	07/24/2032	0.2%
Genesis Sales Finance Master Trust	2.240%	09/22/2025	0.2%
Ford Motor Co	9.000%	04/22/2025	0.2%
SOUND POINT CLO XVII	1.818%	10/20/2030	0.2%
Comcast Corp.	4.950%	10/15/2058	0.2%
PFS Financing Corp.	1.270%	06/15/2025	0.2%
Ameren Corp.	3.500%	01/15/2031	0.2%
Wells Fargo & Co.	3.000%	10/23/2026	0.2%
China Government International Bond	2.250%	10/21/2050	0.2%
BAT Capital Corp	4.390%	08/15/2037	0.2%
Shackleton 2019-XIV Clo Ltd	2.118%	07/20/2030	0.2%
Verus Securitization Trust 2020-INV1	1.977%	04/25/2060	0.2%
Occidental Petroleum Corp.	2.700%	02/15/2023	0.2%
Zimmer Biomet Holdings, Inc.	5.750%	11/30/2039	0.2%
Anglo American Capital plc	4.750%	04/10/2027	0.2%
Glencore Finance Canada Ltd.	5.550%	10/25/2042	0.2%
Deephaven Residential Mortgage Trust 2020-2	1.692%	05/25/2065	0.2%
Netflix, Inc.	6.375%	05/15/2029	0.2%
Kraft Heinz Foods Co.	3.750%	04/01/2030	0.2%
Ball Corp.	2.875%	08/15/2030	0.2%
Westlake Automobile Receivables Trust 2020-1	2.520%	04/15/2025	0.2%
Qtel International Finance Ltd.	3.750%	06/22/2026	0.2%
Halliburton Co.	7.450%	09/15/2039	0.2%
WEA Finance LLC	2.875%	01/15/2027	0.2%
Dell International LLC / EMC Corp	6.020%	06/15/2026	0.2%
Macquarie Group Ltd.	4.654%	03/27/2029	0.2%
CSC Holdings LLC	6.500%	02/01/2029	0.2%
Nvent Finance Sarl	4.550%	04/15/2028	0.2%
COMM 2014-UBS4 Mortgage Trust	4.863%	08/10/2047	0.2%
Octagon Investment Partners 48 Ltd	1.732%	10/20/2031	0.2%
Federal Home Loan Mortgage Corp.	4.000%	10/01/2049	0.2%
Benefit Street Partners CLO IV Ltd	1.468%	01/20/2029	0.2%
BAT Capital Corp	3.557%	08/15/2027	0.2%
Exelon Generation Co. LLC	5.600%	06/15/2042	0.2%
Ford Credit Auto Owner Trust 2019-C	1.880%	07/15/2022	0.2%
SCF Equipment Leasing 2019-2 LLC	2.760%	08/20/2026	0.2%
Tucson Electric Power Co.	1.500%	08/01/2030	0.2%
Liberty Utilities Finance GP 1	2.050%	09/15/2030	0.2%
GLS Auto Receivables Issuer Trust 2020-3	1.920%	05/15/2025	0.2%
Salem Fields CLO Ltd 2016-2	1.365%	10/25/2028	0.2%
GM Financial Consumer Automobile Receivables Trust	3.210%	10/16/2023	0.2%
IDEX Corp.	3.000%	05/01/2030	0.2%
AbbVie, Inc.	3.250%	10/01/2022	0.2%
ALM VII Ltd	2.087%	07/15/2029	0.2%
COMM Mortgage Trust	4.576%	07/10/2050	0.2%
Wells Fargo & Co.	2.393%	06/02/2028	0.2%
Morgan Stanley	4.431%	01/23/2030	0.2%
National Oilwell Varco, Inc.	3.600%	12/01/2029	0.2%
Citibank Credit Card Issuance Trust	2.490%	01/20/2023	0.2%
BX Trust 2019-OC11	3.202%	12/09/2041	0.2%
Santander UK plc	7.950%	10/26/2029	0.2%
Union Electric Co.	2.625%	03/15/2051	0.2%
Ameriprise Financial, Inc.	3.000%	04/02/2025	0.1%
Vista Point Securitization Trust 2020-2	1.475%	04/25/2065	0.1%
BX Trust 2018-GW	0.941%	05/15/2035	0.1%
Hyundai Auto Receivables Trust 2017-A	2.530%	11/15/2023	0.1%
World Financial Network Credit Card Master Trust	3.460%	07/15/2025	0.1%
AerCap Ireland Capital Ltd.	3.500%	01/15/2025	0.1%
Honda Auto Receivables 2020-2 Owner Trust	0.740%	11/15/2022	0.1%
Marble Point CLO XVII Ltd	1.518%	04/20/2033	0.1%
Shell International Finance BV	6.375%	12/15/2038	0.1%
Aqua America, Inc.	3.566%	05/01/2029	0.1%
Continental Resources, Inc.	5.000%	09/15/2022	0.1%
Republic of Indonesia	3.400%	09/18/2029	0.1%
Synchrony Credit Card Master Note Trust	2.210%	05/15/2024	0.1%
Bahia Sul Holdings GmbH	3.750%	01/15/2031	0.1%
Government National Mortgage Association	2.900%	02/16/2049	0.1%
JPMBB Commercial Mortgage Securities Trust	4.410%	07/15/2048	0.1%
Mountain View CLO 2017-1 LLC	1.320%	10/16/2029	0.1%
Verus Securitization Trust 2020-1	2.417%	01/25/2060	0.1%
Palmer Square Loan Funding 2020-1 Ltd	1.024%	02/20/2028	0.1%
Capital One Multi-Asset Execution Trust	0.787%	05/15/2028	0.1%
Perimeter Master Note Business Trust	4.310%	12/15/2022	0.1%
Advocate Health & Hospitals Corp	3.387%	10/15/2049	0.1%
Octagon Investment Partners 29 Ltd	1.395%	01/24/2033	0.1%
Royalty Pharma PLC	1.750%	09/02/2027	0.1%
JFIN CLO 2014 Ltd	1.668%	04/21/2025	0.1%
COMM 2015-DC1 Mortgage Trust	4.451%	02/10/2048	0.1%
SCF Equipment Leasing 2019-2 LLC	3.110%	06/21/2027	0.1%
JPMorgan Chase & Co.	3.960%	01/29/2027	0.1%
Kookmin Bank	1.750%	05/04/2025	0.1%
Deephaven Residential Mortgage Trust 2019-3	2.964%	07/25/2059	0.1%
Michigan Fin Auth	3.084%	12/01/2034	0.1%
Meituan	3.050%	10/28/2030	0.1%
Hardee's Funding LLC	4.959%	06/20/2048	0.1%
JPMorgan Chase & Co.	4.600%	12/31/2099	0.1%
Angel Oak Mortgage Trust I LLC 2019-4	2.993%	07/26/2049	0.1%
Exelon Generation Co. LLC	3.250%	06/01/2025	0.1%
SLC Student Loan Trust 2008-1	1.850%	12/15/2032	0.1%
Dell International LLC / EMC Corp.	8.350%	07/15/2046	0.1%
PSEG Power LLC	8.625%	04/15/2031	0.1%
California Republic Auto Receivables Trust 2018-1	3.560%	03/15/2023	0.1%
Citigroup, Inc.	4.450%	09/29/2027	0.1%
Massachusetts Sch Bldg Auth	3.395%	10/15/2040	0.1%
JP Morgan Chase Commercial Mortgage Securities Tru	1.441%	06/15/2032	0.1%
UnitedHealth Group, Inc.	3.500%	08/15/2039	0.1%
JP Morgan Chase Commercial Mortgage Securities Tru	1.141%	06/15/2032	0.1%
Citigroup Commercial Mortgage Trust 2016-GC36	2.850%	02/10/2049	0.1%
BSPRT 2018-FL4 Issuer Ltd	1.191%	09/15/2035	0.1%
New Residential Mortgage Loan Trust 2019-NQM3	2.802%	07/25/2049	0.1%
Northwell Healthcare, Inc.	3.979%	11/01/2046	0.1%
Ares XLI Clo Ltd	2.037%	01/15/2029	0.1%
Hartford Cnty Metro Dist, CT	2.562%	04/01/2039	0.1%
CSMC 2020-AFC1 Trust	2.240%	02/25/2050	0.1%
ServiceNow, Inc.	1.400%	09/01/2030	0.1%
KKR CLO 18 Ltd	1.918%	07/18/2030	0.1%
Wells Fargo Commercial Mortgage Trust 2016-C35	4.176%	07/15/2048	0.1%
Saudi Arabian Oil Co	2.875%	04/16/2024	0.1%
Shea Homes LP / Shea Homes Funding Corp.	4.750%	04/01/2029	0.1%
Walgreen Co.	3.200%	04/15/2030	0.1%
NRG Energy, Inc.	5.250%	06/15/2029	0.1%
Freeport-McMoRan, Inc.	4.125%	03/01/2028	0.1%
Antofagasta PLC	2.375%	10/14/2030	0.1%
SURA Asset Management SA	4.875%	04/17/2024	0.1%
CCO Holdings LLC / CCO Holdings Capital Corp.	4.750%	03/01/2030	0.1%
DaVita, Inc.	3.750%	02/15/2031	0.1%
Hudsons Bay Simon JV Trust	4.666%	08/05/2034	0.1%
Baker Hughes a GE Co LLC / Baker Hughes Co-Obligor	3.138%	11/07/2029	0.1%
Bank of America Corp.	3.970%	03/05/2029	0.1%
Cleco Corp.	4.973%	05/01/2046	0.1%
Navient Corp.	6.750%	06/15/2026	0.1%
Calpine Corp.	5.000%	02/01/2031	0.1%
TPG Real Estate Finance 2018-FL2 Issuer LTD	1.277%	11/15/2037	0.1%
Drive Auto Receivables Trust 2017-2	3.490%	09/15/2023	0.1%
Bank of America Corp.	4.000%	01/22/2025	0.1%
Springleaf Finance Corp.	6.125%	03/15/2024	0.1%
Orec 2018-CRE1 Ltd	1.321%	06/15/2036	0.1%
UBS AG Registered Shares	5.125%	05/15/2024	0.1%
Owens Corning	3.950%	08/15/2029	0.1%
Western Gas Partners L.P.	4.100%	02/01/2025	0.1%
DBWF 2018-GLKS Mortgage Trust	1.179%	12/19/2030	0.1%
Pennsylvania Electric Co.	3.600%	06/01/2029	0.1%
Bayer Corp	6.650%	02/15/2028	0.1%
Quicken Loans LLC	5.250%	01/15/2028	0.1%
LifePoint Hospitals, Inc.	4.375%	02/15/2027	0.1%
Drive Auto Receivables Trust 2017-1	5.170%	09/16/2024	0.1%
CSAIL 2019-C18 Commercial Mortgage Trust	3.321%	12/15/2052	0.1%
Interstate Power and Light Co	3.500%	09/30/2049	0.1%
Permanent Univ Fnd - Texas A&M Univ Sys	3.660%	07/01/2047	0.1%
New Jersey Edl Facs Auth	3.836%	09/01/2036	0.1%
Oracle Corp.	6.125%	07/08/2039	0.1%
Statoil ASA	7.150%	11/15/2025	0.1%
Branch Banking & Trust Co.	2.250%	03/11/2030	0.1%
Longtrain Leasing III LLC 2015-1	4.060%	01/15/2045	0.1%
PFP 2019-6 Ltd	1.194%	04/14/2037	0.1%
AstraZeneca plc	4.375%	08/17/2048	0.1%
Sysco Corp.	2.400%	02/15/2030	0.1%
AmeriCredit Automobile Receivables Trust 2017-2	2.970%	03/20/2023	0.1%
South Carolina Electric & Gas Co.	6.050%	01/15/2038	0.1%
Mountain View CLO 2014-1 Ltd	2.237%	10/15/2026	0.1%
Dominion Gas Holdings LLC	4.600%	12/15/2044	0.1%
First Investors Auto Owner Trust 2019-2	2.710%	12/15/2025	0.1%
Goldman Sachs Group, Inc.	6.750%	10/01/2037	0.1%
JPMorgan Chase & Co.	3.540%	05/01/2028	0.1%
Jamestown CLO VII Ltd.	2.815%	07/25/2027	0.1%
Northwoods Capital 20 Ltd	4.465%	01/25/2030	0.1%
Empresa Nacional del Petroleo	3.750%	08/05/2026	0.1%
Foothill-Eastern Transp Corridor Agy, CA	4.094%	01/15/2049	0.1%
Baidu, Inc.	2.375%	10/09/2030	0.1%
Octagon Investment Partners 25 Ltd	1.018%	10/20/2026	0.1%
Deephaven Residential Mortgage Trust 2019-4	2.791%	10/25/2059	0.1%
KVK CLO 2016-1 Ltd	3.387%	01/15/2029	0.1%
Huntington Ingalls Industries, Inc.	3.844%	05/01/2025	0.1%
CF Trust 2019-BOSS	3.391%	12/15/2021	0.1%
Sound Point Clo XII Ltd	2.818%	10/20/2028	0.1%
BAT Capital Corp	4.700%	04/02/2027	0.1%
World Omni Auto Receivables Trust 2018-B	2.870%	07/17/2023	0.1%
Foursight Capital Automobile Receivables Trust 201	3.680%	08/15/2023	0.1%
TCF Auto Receivables Owner Trust 2016-PT1	2.920%	10/17/2022	0.1%
Avery Point VII CLO Ltd	1.987%	01/15/2028	0.1%
Hudsons Bay Simon JV Trust	5.331%	08/05/2034	0.1%
Exeter Automobile Receivables Trust 2020-2	1.130%	08/15/2023	0.1%
SCF Equipment Leasing 2019-1 LLC	3.230%	10/20/2024	0.1%
Tengizchevroil Finance Co. International Ltd.	3.250%	08/15/2030	0.1%
BBCMS 2019-BWAY Mortgage Trust	1.097%	11/15/2034	0.1%
Capital Auto Receivables Asset Trust 2018-2	3.690%	12/20/2023	0.1%
Nutrition & Biosciences Inc	1.832%	10/15/2027	0.1%
California	7.625%	03/01/2040	0.1%
BMW Vehicle Owner Trust 2019-A	2.050%	05/25/2022	0.1%
Flagship Credit Auto Trust 2018-3	3.590%	12/16/2024	0.1%
Mountain View CLO X Ltd	1.574%	10/13/2027	0.1%
Navient Private Education Refi Loan Trust 2018-D	4.000%	12/15/2059	0.1%
CSMC Series 2019-UVIL	3.160%	12/15/2041	0.1%
American Credit Acceptance Receivables Trust 2019-	3.050%	05/12/2023	0.1%
Race Point IX CLO Ltd	1.447%	10/15/2030	0.1%
Banco de Credito e Inversiones	3.500%	10/12/2027	0.1%
Federal Home Loan Mortgage Corp.	2.187%	02/25/2032	0.1%
New Jersey Edl Facs Auth	3.636%	09/01/2029	0.1%
Northwoods Capital 20 Ltd	3.015%	01/25/2030	0.1%
Baidu, Inc.	3.075%	04/07/2025	0.1%
BorgWarner, Inc.	2.650%	07/01/2027	0.1%
Oglethorpe Power Corp.	5.950%	11/01/2039	0.1%
Planet Fitness Master Issuer LLC	3.858%	12/05/2049	0.1%
Neuberger Berman CLO XX Ltd	1.037%	01/15/2028	0.1%
Hardee's Funding LLC	5.710%	06/20/2048	0.1%
JD.com, Inc.	3.375%	01/14/2030	0.1%
Longfor Properties Co. Ltd.	4.500%	01/16/2028	0.1%
Westlake Automobile Receivables Trust 2019-2	3.200%	11/15/2024	0.1%
Oklahoma Gas and Electric	3.300%	03/15/2030	0.1%
Neuberger Berman Group LLC	4.500%	03/15/2027	0.1%
CNAC HK Finbridge Co Ltd	3.500%	07/19/2022	0.1%
GS Mortgage Securities Corp Trust 2018-RIVR	1.091%	07/15/2035	0.1%
Republic of Peru	2.392%	01/23/2026	0.1%
Genesis Sales Finance Master Trust Series 2019-A	4.680%	08/20/2023	0.1%
Quicken Loans LLC / Quicken Loans Co-Issuer Inc	3.625%	03/01/2029	0.1%
ReadyCap Commercial Mortgage Trust 2019-6	2.833%	10/25/2052	0.1%
Jamestown CLO VII Ltd.	1.515%	07/25/2027	0.1%
Wells Fargo Commercial Mortgage Trust 2017-C41	3.785%	11/15/2050	0.1%
Mountain View CLO X Ltd	1.044%	10/13/2027	0.1%
ENN Energy Holdings Ltd.	2.625%	09/17/2030	0.1%
Towd Point Asset Trust 2018-SL1	0.749%	01/25/2046	0.1%
Temasek Financial I Ltd.	2.500%	10/06/2070	0.1%
Healthcare Realty Trust, Inc.	2.400%	03/15/2030	0.1%
CoStar Group, Inc.	2.800%	07/15/2030	0.1%
Morgan Stanley	3.625%	01/20/2027	0.1%
Cedar Funding VI CLO Ltd	1.818%	10/20/2028	0.1%
COMM Mortgage Trust	4.576%	07/10/2050	0.1%
American Credit Acceptance Receivables Trust 2020-	1.650%	12/13/2023	0.1%
CSAIL 2016-C7 Commercial Mortgage Trust	4.532%	11/15/2049	0.1%
Sysco Corp.	6.600%	04/01/2040	0.1%
Sound Point Clo XV Ltd	2.709%	01/23/2029	0.1%
Bank of America Corp.	4.450%	03/03/2026	0.1%
Atrium Hotel Portfolio Trust 2018-ATRM	1.091%	06/15/2035	0.1%
PFS Financing Corp.	3.080%	02/15/2023	0.1%
Shackleton 2016-IX CLO Ltd	2.118%	10/20/2028	0.1%
Deephaven Residential Mortgage Trust 2020-1	2.339%	01/25/2060	0.1%
Qatar Government International Bond	5.103%	04/23/2048	0.1%
Starwood Mortgage Residential Trust 2020-1	2.275%	02/25/2050	0.1%
Avolon Holdings Funding Ltd	4.250%	04/15/2026	0.1%
Coca-Cola Femsa SAB de CV	1.850%	09/01/2032	0.1%
Univ of California Bd of Regents	3.006%	05/15/2050	0.0%
Avid Automobile Receivables Trust 2019-1	2.620%	02/15/2024	0.0%
Diamondback Energy, Inc.	4.750%	05/31/2025	0.0%
Albertsons Cos Inc / Safeway Inc / New Albertsons	4.625%	01/15/2027	0.0%
CarMax Auto Owner Trust 2017-3	1.970%	04/15/2022	0.0%
J.P. Morgan Chase Commercial Mortgage SecuritiesTr	2.020%	11/15/2035	0.0%
Flagship Credit Auto Trust 2020-2	1.490%	07/15/2024	0.0%
CPS Auto Receivables Trust 2018-B	4.260%	03/15/2024	0.0%
Westlake Automobile Receivables Trust 2019-2	3.060%	02/15/2023	0.0%
Abu Dhabi Crude Oil Pipeline LLC	4.600%	11/02/2047	0.0%
CNAC HK Finbridge Co Ltd	3.875%	06/19/2029	0.0%
Northern Natural Gas	4.300%	01/15/2049	0.0%
Pulte Group, Inc.	6.375%	05/15/2033	0.0%
Palmer Square Loan Funding 2018-1 Ltd	1.287%	04/15/2026	0.0%
Tralee CLO III Ltd	1.248%	10/20/2027	0.0%
British Airways 2020-1 Class A Pass Through Trust	4.250%	11/15/2032	0.0%
California	7.300%	10/01/2039	0.0%
Adventist Health System/West	2.952%	03/01/2029	0.0%
ALM VII Ltd	3.787%	07/15/2029	0.0%
California Hlth Facs Fing Auth	3.034%	06/01/2034	0.0%
DRB Prime Student Loan Trust	3.200%	01/25/2040	0.0%
JB y Co SA de CV	3.750%	05/13/2025	0.0%
South Carolina Electric & Gas Co.	6.625%	02/01/2032	0.0%
Massachusetts Educational Financing Authority	1.165%	04/25/2038	0.0%
Foursight Capital Automobile Receivables Trust 201	3.530%	04/17/2023	0.0%
Owens Corning	4.300%	07/15/2047	0.0%
GCAT 2019-NQM2 Trust	2.247%	01/25/2060	0.0%
Neuberger Berman Group LLC	4.875%	04/15/2045	0.0%
Carmax Auto Owner Trust 2020-1	2.340%	11/17/2025	0.0%
eBay, Inc.	1.900%	03/11/2025	0.0%
Pepperdine University	3.301%	12/01/2059	0.0%
Adani Ports & Special Economic Zone Ltd	4.000%	07/30/2027	0.0%
Anglo American Capital plc	3.625%	09/11/2024	0.0%
Minejesa Capital BV	4.625%	08/10/2030	0.0%
COMM 2016-COR1 Mortgage Trust	3.494%	10/10/2049	0.0%
World Financial Network Credit Card Master Trust	2.030%	04/15/2025	0.0%
Angel Oak Mortgage Trust 2020-1	2.466%	12/25/2059	0.0%
Ford Credit Auto Owner Trust 2020-A	1.030%	10/15/2022	0.0%
Avery Point CLO Ltd.	1.815%	04/25/2026	0.0%
Palmer Square Loan Funding 2018-1 Ltd	1.637%	04/15/2026	0.0%
GS Mortgage Securities Trust	4.569%	07/10/2048	0.0%
New Residential Mortgage Loan Trust 2020-NQM1	2.464%	01/26/2060	0.0%
Hyundai Auto Receivables Trust 2019-B	1.930%	07/15/2022	0.0%
Universal Health Services, Inc.	5.000%	06/01/2026	0.0%
Drive Auto Receivables Trust	4.160%	05/15/2024	0.0%
Avid Automobile Receivables Trust 2019-1	2.820%	07/15/2026	0.0%
COMM Mortgage Trust	4.576%	07/10/2050	0.0%
BBCMS 2019-BWAY Mortgage Trust	1.451%	11/15/2034	0.0%
World Omni Auto Receivables Trust 2017-A	1.930%	09/15/2022	0.0%
Carmax Auto Owner Trust 2019-3	2.210%	12/15/2022	0.0%
SCF Equipment Leasing 2018-1 LLC	3.630%	10/20/2024	0.0%
Volkswagen Group of America Finance LLC	3.350%	05/13/2025	0.0%
PHEAA Student Loan Trust I	0.485%	04/25/2038	0.0%
Mercedes-Benz Auto Lease Trust 2019-A	3.100%	11/15/2021	0.0%
Prosus NV	3.680%	01/21/2030	0.0%
Drive Auto Receivables Trust	3.720%	09/16/2024	0.0%
Santander Retail Auto Lease Trust 2019-B	2.290%	04/20/2022	0.0%
California Republic Auto Receivables Trust 2017-1	2.910%	12/15/2022	0.0%
Citigroup Commercial Mortgage Trust	1.335%	05/10/2047	0.0%
Pertamina Persero PT	4.150%	02/25/2060	0.0%
Flagship Credit Auto Trust 2018-3	3.070%	02/15/2023	0.0%
Residential Mortgage Loan Trust 2020-1	2.376%	02/25/2024	0.0%
Diamond Resorts Owner Trust	4.110%	10/22/2029	0.0%
Government National Mortgage Association	2.900%	02/16/2053	0.0%
BlueMountain CLO 2015-2 Ltd	1.148%	07/18/2027	0.0%
Galaxy XXI CLO Ltd	1.238%	04/20/2031	0.0%
Palmer Square Loan Funding 2018-5 Ltd	1.618%	01/20/2027	0.0%
Neuberger Berman CLO XIX Ltd	1.037%	07/15/2027	0.0%
Westgate Resorts 2018-1 LLC	3.380%	12/20/2031	0.0%
Citigroup Commercial Mortgage Trust 2016-P3	2.804%	04/15/2049	0.0%
Halcyon Loan Advisors Funding Ltd.	2.365%	07/25/2027	0.0%
Affiliated Managers Group, Inc.	3.500%	08/01/2025	0.0%
WFRBS Commercial Mortgage Trust	0.710%	10/15/2057	0.0%
Chesapeake Funding II LLC	1.910%	08/15/2029	0.0%
Drive Auto Receivables Trust	4.180%	03/15/2024	0.0%
KKR CLO 18 Ltd	3.818%	07/18/2030	0.0%
CPS Auto Receivables Trust	6.580%	03/15/2022	0.0%
Csail Commercial Mortgage Trust	4.329%	06/15/2057	0.0%
CNAC HK Finbridge Co Ltd	4.125%	07/19/2027	0.0%
Sequoia Mortgage Trust 2012-4	2.069%	09/25/2042	0.0%
SCF Equipment Leasing 2017-2 LLC	3.410%	12/20/2023	0.0%
Mercedes-Benz Auto Lease Trust 2018-B	3.210%	09/15/2021	0.0%
Wheels SPV 2 LLC	3.060%	04/20/2027	0.0%
Enterprise Fleet Financing LLC	2.870%	10/20/2023	0.0%
Chesapeake Funding II LLC	1.990%	05/15/2029	0.0%
COMM Mortgage Trust	1.133%	08/10/2047	0.0%
Drive Auto Receivables Trust 2018-2	3.630%	08/15/2024	0.0%
Diamond Resorts Owner Trust	3.080%	11/20/2028	0.0%
Santander Drive Auto Receivables Trust 2017-3	2.760%	12/15/2022	0.0%
Flagship Credit Auto Trust 2017-3	2.590%	07/15/2022	0.0%
Honda Auto Receivables 2019-1 Owner Trust	2.750%	09/20/2021	0.0%
Ascentium Equipment Receivables 2017-1 Trust	2.290%	06/10/2021	0.0%
US 10YR ULTRA FUT MAR21	0.000%	03/31/2021	0.0%
US LONG BOND(CBT) MAR21	0.000%	03/31/2021	0.0%
US ULTRA BOND CBT MAR21	0.000%	03/31/2021	0.0%
Credit Index Swap	1.000%	12/20/2025	0.0%
FX USD/JPY 02/21	0.000%	02/22/2021	0.0%

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.

Dividends & Cap Gains

Dividend Payments

For

YTD Dividends Paidas of 01/15/2021: $0
Dividend Frequency: Monthly (Daily Accrual)

Record Date	Ex-Dividend Date	Reinvest & Payable Date	Dividend	Reinvest Price
Daily	Daily	12/31/2020	$0.01267	$11.34
Daily	Daily	11/30/2020	$0.01389	$11.69
Daily	Daily	10/31/2020	$0.01351	$11.56
Daily	Daily	09/30/2020	$0.01608	$11.62
Daily	Daily	08/31/2020	$0.01776	$11.64
Daily	Daily	07/31/2020	$0.01931	$11.74
Daily	Daily	06/30/2020	$0.02073	$11.52
Daily	Daily	05/31/2020	$0.02090	$11.41
Daily	Daily	04/30/2020	$0.02253	$11.35
Daily	Daily	03/31/2020	$0.02228	$11.18
Daily	Daily	02/29/2020	$0.01932	$11.45
Daily	Daily	01/31/2020	$0.01885	$11.28

Upcoming Dividend Payment Dates

Record Date	Ex-Dividend Date	Reinvest & Payable Date
Daily	Daily	01/31/2021
Daily	Daily	02/28/2021
Daily	Daily	03/31/2021
Daily	Daily	04/30/2021
Daily	Daily	05/31/2021
Daily	Daily	06/30/2021
Daily	Daily	07/31/2021
Daily	Daily	08/31/2021
Daily	Daily	09/30/2021
Daily	Daily	10/31/2021
Daily	Daily	11/30/2021
Daily	Daily	12/31/2021

Capital Gains Distributions

For

Record Date	Reinvest & Payable Date	Long-term	Short-term *	Total	Reinvest Price
12/17/2020	12/18/2020	$0.0916	$0.2796	$0.3712	$11.31

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
12/16/2021	12/17/2021

Fees & Expenses

Sales Charge Schedule as of 01/15/2021

	Sales Charge	Dealer's Concession	Prices at Breakpoint
Less than $100,000	2.25%	2.00%	$11.53
$100,000 to $249,999	1.75%	1.50%	$11.47
$250,000 to $499,999	1.25%	1.00%	$11.41
$500,000 to $999,999	0.00%	1.00%	$11.27
$1,000,000 to $5,000,000	0.00%	1.00%	$11.27

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 (as defined below) may combine thevalue of Class A, A1, C, F, and P shares of any Eligible Fund currentlyowned with a new purchase of Class A shares of any Eligible Fund in orderto reduce the sales charge on the new purchase. Class F3, I, R2, R3, R4, R5,and R6 share holdings may not be combined for these purposes.To the extent that your financial intermediary is able to do so, the value ofClass A, A1, C, F, and P shares of Eligible Funds determined for the purposeof reducing the sales charge of a new purchase under the Rights ofAccumulation will be calculated at the higher of: (1) the aggregate currentmaximum offering price of your existing Class A, A1, C, F, and P shares ofEligible Funds; or (2) the aggregate amount you invested in such shares(including dividend reinvestments but excluding capital appreciation) less anyredemptions. You should retain any information and account recordsnecessary to substantiate the historical amounts you and any relatedPurchasers have invested in Eligible Funds. You must inform the Fund and/or your financial intermediary at the time of purchase if you believe yourpurchase qualifies for a reduced sales charge and you may be requested toprovide documentation of your holdings in order to verify your eligibility. Ifyou do not do so, you may not receive all sales charge reductions for whichyou are eligible.
Letter of Intention — In order to reduce your Class A front-end salescharge, a Purchaser may combine purchases of Class A, A1, C, F, and Pshares of any Eligible Fund the Purchaser intends to make over the next13 months in determining the applicable sales charge. The 13-month Letterof Intention period commences on the day that the Letter of Intention isreceived by the Fund, and the Purchaser must tell the Fund that laterpurchases are subject to the Letter of Intention. Purchases submitted prior tothe date the Letter of Intention is received by the Fund are not countedtoward the sales charge reduction. Current holdings under Rights ofAccumulation may be included in a Letter of Intention in order to reduce thesales charge for purchases during the 13-month period covered by the Letterof Intention. Shares purchased through reinvestment of dividends ordistributions are not included. Class F3, I, R2, R3, R4, R5, and R6 shareholdings may not be combined for these purposes. Class A and A1 shares valued at up to 5% of the amount of intended purchases are escrowed andmay be redeemed to cover the additional sales charges payable if the intendedpurchases under the Letter of Intention are not completed. The Letter ofIntention is neither a binding obligation on you to buy, nor on the Fund tosell, any or all of the intended purchase amount.

Purchaser — A Purchaser includes: (1) an individual; (2) an individual, his or her spouse, domestic partner, and childrenunder the age of 21; (3) retirement and benefit plansincluding a 401(k) plan, profit-sharing plan, moneypurchase plan, defined benefit plan, and 457(b) plan sponsored by a governmental entity, non-profitorganization, school district or church to which employer contributions are made, as well as SIMPLE IRAplans and SEP-IRA plans; or (4) a trustee or other fiduciary purchasing shares for a single trust, estate orsingle fiduciary account or a trust established by the individual as grantor. An individual may include underitem (1) his or her holdings in Eligible Funds as described below in IRAs, as a sole participant of aretirement and benefit plan sponsored by the individual’s business, and as a participant in a 403(b) plan towhich only pre-tax salary deferrals are made. An individual, his or her spouse, and domestic partner mayinclude under item (2) their holdings in IRAs, and as the sole participants in retirement and benefit planssponsored 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 singlebank 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 12/31/2020

Fund Documents

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n/a	Portfolio Holdings 1Q Publish Date:11/03/2015
n/a	Portfolio Holdings 3Q Publish Date:11/03/2015
	Summary Prospectus Publish Date:11/03/2015
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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
	Fixed Income Combo Flyer Publish Date:11/03/2015

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^*Barron’s Top Fund Families of 2019, February 14, 2020, #5 in the Taxable Bond Category among 55 fund families. Based on the net total return of the one−year period ending 12/31/2019. #14 Overall ranking among 55 qualifying fund families based on the net total return of the one-year period ending 12/31/2019. Five-year Overall ranking is #30 out of 52 fund families; 10-year Overall ranking is #33 out of 45 fund families.

Source: Barron’s, “Barron’s Top Fund Families of 2019,” February 14, 2020. Barron’s rankings are based on asset weighted returns in funds in five categories: U.S. equity, world equity (including international and global portfolios), mixed asset (which invest in stocks, bonds and other securities), taxable bond, and tax-exempt (each a "Barron's ranking category"). Rankings also take into account an individual fund's performance within its Lipper peer universe. Lipper calculated each fund's net total return for the year ended December 31, 2019, minus the effects of 12b-1 fees and sales charges. Each fund in the survey was given a percentile ranking with 100 the highest and 1 the lowest in its category. That ranking measured how a fund compared with its peer "universe," as tracked by Lipper, not just the funds in the survey. Individual fund scores were then multiplied by the 2019 weighting of their Barron's ranking category as determined by the entire Lipper universe of funds. Those fund scores were then totaled, creating an overall score and ranking for each fund family in the survey in each Barron's ranking category. The process is repeated for the five- and ten-year rankings as well. Barron's Fund Family Rankings are awarded annually.

© Reuters 2020. All Rights Reserved. Lipper Analytical Services, Inc. is an independent mutual fund research and rating service. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper.

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.

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by Standard & Poor’s Financial Services, LLC, and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, © 2011 American Bankers Association. “CUSIP” is a registered trademark of the American Bankers Association.

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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Securing a sustainable future forour clients, our people, and our world. Inspired by our mission, we are committed to creating long-term financial security for our clients, empowering our people, advancing our communities, and ensuring a vibrant future for our planet.

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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 01/15/2021

30-Day Standardized Yield 2 as of 12/31/2020

Expense Ratioas of 12/31/2020

Fund Basicsas of 12/31/2020

Fund Expense Ratio :

0.64%

Fund Expense Ratio :

0.64%

Fund Expense Ratio :

0.64%

Fund Expense Ratio :

0.64%

Credit Quality Distribution as of 12/31/2020 View Portfolio

Investment Team

Contact a Representative

Performance

Performance

Dividend Yield 1 as of 01/15/2021

30-Day Standardized Yield 2 as of 12/31/2020

Fund Expense Ratio :

0.64%

Fund Expense Ratio :

0.64%

Fund Expense Ratio :

0.64%

Fund Expense Ratio :

0.64%

Growth of $10,000 as of 12/31/2020

NAV Historical Prices

Portfolio

Portfolio

Credit Quality Distribution as of 12/31/2020

Portfolio Positioning as of 9/30/2020

Portfolio Details as of 12/31/2020

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

Upcoming Dividend Payment Dates

Capital Gains Distributions

Upcoming Capital Gain Distribution

Fees & Expenses

Fees & Expenses

Sales Charge Schedule as of 01/15/2021

Expense Ratioas of 12/31/2020

Fund Documents

Securing a sustainable future for
our clients, our people, and our world.

Inspired by our mission, we are committed to creating long-term financial security for our clients, empowering our people, advancing our communities, and ensuring a vibrant future for our planet.

Dividend Yield ¹ as of 01/15/2021

30-Day Standardized Yield ² as of 12/31/2020

Dividend Yield ¹ as of 01/15/2021

30-Day Standardized Yield ² as of 12/31/2020