Core Plus Bond Fund

LAPLX

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Daily price w/o sales charge as of 08/18/2017

$15.22

$0.01

YTD Returns w/o sales charge as of 08/18/2017

3.82%

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

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Summary

What is the Core Plus Bond Fund?

The Fund seeks to deliver current income and the opportunity for capital appreciation by investing in a wide range of fixed income securities, including U.S. investment grade and high yield corporate bonds, mortgage-backed, asset-backed, and government-related securities, with select allocations to non-U.S. (including emerging market) debt securities.

Yield

Dividend Yield ¹ as of 08/18/2017

	Subsidized³	Un-Subsidized⁴
w/o sales charge	3.23%	1.66%
w/ sales charge	3.15%	1.63%

30-Day Standardized Yield ² as of 07/31/2017

	Subsidized³	Un-Subsidized⁴
w/o sales charge	2.58%	0.59%

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

Expense Ratioas of 07/31/2017

Expense ratio details, Click here.

The net expense ratio takes into account contractual fee waivers/expense reimbursements that currently are scheduled to remain in place through 03/31/2018. For periods when fees and expenses were waived and/or reimbursed, the Fund benefited by not bearing such expenses. Without such fee waivers/reimbursements, performance would have been lower.

Fund Basicsas of 07/31/2017

Total Net Assets: $11.96 M
Inception Date: 12/08/2015
Dividend Frequency: Monthly (Daily Accrual)
Number of Holdings: 350
CUSIP: 54401E572
Minimum Initial Investment: $1,500+

Fund Expense Ratio :

Gross 2.24%

Net 0.68%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 12/08/2015

w/o sales charge	3.73%	2.49%	-	-	-	5.33%
Lipper Category Avg. Core Plus Bond Funds	3.59%	1.54%	-	-	-	-
Bloomberg Barclays U.S. Universal Index	3.14%	0.59%	-	-	-	4.08%
w/ sales charge	1.39%	0.19%	-	-	-	3.88%

Fund Expense Ratio :

Gross 2.24%

Net 0.68%

Fund Expense Ratio :

Gross 2.24%

Net 0.68%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 12/08/2015

w/o sales charge	2.97%	3.30%	-	-	-	5.13%
Lipper Category Avg. Core Plus Bond Funds	3.02%	2.07%	-	-	-	-
Bloomberg Barclays U.S. Universal Index	2.63%	0.91%	-	-	-	3.98%
w/ sales charge	0.66%	0.98%	-	-	-	3.61%

Fund Expense Ratio :

Gross 2.24%

Net 0.68%

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
U.S. Government Related
Investment Grade Corporate
ABS
MBS
High Yield Corporate
CMBS
Sovereign
Bank Loans
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 07/31/2017 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

23 Years of Industry Experience

Andrew H. O'Brien, CFA

Partner & Portfolio Manager

19 Years of Industry Experience

Steven F. Rocco, CFA

Partner & Director of Taxable Fixed Income

16 Years of Industry Experience

Leah G. Traub, Ph.D.

Partner & Portfolio Manager

16 Years of Industry Experience

Robert A. Lee

Partner & Chief Investment Officer

26 Years of Industry Experience

Supported By 60 Investment Professionals and 14 Years Avg. Industry Experience

Contact a Representative

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Performance

Dividend Yield ¹ as of 08/18/2017

	Subsidized³	Un-Subsidized⁴
w/o sales charge	3.23%	1.66%
w/ sales charge	3.15%	1.63%

30-Day Standardized Yield ² as of 07/31/2017

	Subsidized⁵	Un-Subsidized⁶
w/o sales charge	2.58%	0.59%

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

Fund Expense Ratio :

Gross 2.24%

Net 0.68%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 12/08/2015

w/o sales charge	3.73%	2.49%	-	-	-	5.33%
Lipper Category Avg. Core Plus Bond Funds	3.59%	1.54%	-	-	-	-
Bloomberg Barclays U.S. Universal Index	3.14%	0.59%	-	-	-	4.08%
w/ sales charge	1.39%	0.19%	-	-	-	3.88%

Fund Expense Ratio :

Gross 2.24%

Net 0.68%

Fund Expense Ratio :

Gross 2.24%

Net 0.68%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 12/08/2015

w/o sales charge	2.97%	3.30%	-	-	-	5.13%
Lipper Category Avg. Core Plus Bond Funds	3.02%	2.07%	-	-	-	-
Bloomberg Barclays U.S. Universal Index	2.63%	0.91%	-	-	-	3.98%
w/ sales charge	0.66%	0.98%	-	-	-	3.61%

Fund Expense Ratio :

Gross 2.24%

Net 0.68%

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

Portfolio

Rating	Assets
U.S. Government Related
Investment Grade Corporate
ABS
MBS
High Yield Corporate
CMBS
Sovereign
Bank Loans
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 07/31/2017

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

Portfolio Positioningas of 06/30/2017

We retained the portfolio’s up-in-quality bias as spreads remained tight to both recent and historical levels. Additionally, we continue to closely monitor risks to the portfolio, including policy uncertainty related to the U.S. presidential administration’s agenda; international relationships, especially with Mexico, China, and Russia; the impact of falling oil prices on OPEC nations; and expectations of soft data vs. the reality of hard data.
We continue to have a positive outlook on corporate credit, more specifically we are focused on the financials sector. Companies within the sector have benefited from higher net interest margins, economic growth, and prospects of deregulation. Furthermore, a growing economy, improving credit fundamentals, and a continuation of low defaults have created a positive environment for high yield.
We believe that the U.S. economy will continue to grow at a moderate pace. As a result of this view, coupled with our view on valuations, we are constructive on domestically focused asset classes such as commercial mortgage-backed securities (CMBS) and asset-backed securities (ABS).
We further lowered the portfolio’s exposure to agency mortgage-backed securities (MBS). We believe market participants are paying particularly close attention to the Fed’s plan to systematically unwind its balance sheet; this action has the potential to impact valuations.

Portfolio Details as of 07/31/2017

Total Net Assets: $11.96 M
Number of Issues: 350
Average Coupon: 3.74%
Average Life: 7.3 Years
Average Effective Duration: 5.35 Years
Average Modified Duration: 5.6 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 Maturity - The length of time until the average security in a portfolio will mature or be redeemed by its issuer in proportion to its dollar value. Indicating a portfolio’s sensitivity to general market interest rate changes, a longer average maturity implies greater relative portfolio volatility.

Modified Duration - The change in the value of a fixed income security that will result from a 1% change in interest rates. Duration is expressed as a number of years, and generally, the larger a portfolio’s duration, the greater the interest-rate risk or reward for underlying bond prices. Where applicable, securities, such as common or preferred stock, convertible bonds and convertible preferred stock, ETFs and ADRs and futures, are excluded from these calculations.

Holding	Coupon	Maturity	Assets

FNMA Conventional Long T. 30yr	4.500%	05/31/2046	4.1%
FNMA Conventional Long T. 30yr	3.000%	10/31/2046	3.1%
U.S. Treasury Note/Bond	1.250%	04/30/2019	2.9%
U.S. Treasury Note/Bond	1.750%	10/31/2020	2.7%
U.S. Treasury Note/Bond	1.750%	03/31/2022	2.7%
U.S. Treasury Note/Bond	1.250%	11/15/2018	2.1%
CIFC Funding 2014-V Ltd.	2.704%	01/17/2027	2.1%
U.S. Treasury Note	0.125%	04/15/2022	2.0%
U.S. Treasury Note/Bond	1.875%	04/30/2022	1.8%
Japan Bank for International Cooperation/Japan	2.375%	07/21/2022	1.7%

% of Total Assets			25.2%

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

U.S. Treasury Note/Bond	1.750%	06/30/2022	5.1%
FNMA Conventional Long T. 30yr	3.000%	05/31/2046	3.2%
FNMA Conventional Long T. 30yr	3.500%	03/31/2045	3.1%
U.S. Treasury Note/Bond	1.750%	10/31/2020	2.8%
U.S. Treasury Note/Bond	1.250%	11/15/2018	2.7%
U.S. Treasury Note/Bond	2.125%	08/15/2021	2.7%
U.S. Treasury Note/Bond	1.750%	03/31/2022	2.7%
FNMA Conventional Long T. 30yr	4.000%	05/31/2045	2.2%
CIFC Funding 2014-V Ltd.	2.558%	01/17/2027	2.2%
FNMA Conventional Long T. 30yr	4.500%	11/30/2043	1.8%
U.S. Treasury Note/Bond	2.375%	05/15/2027	1.6%
U.S. Treasury Note/Bond	1.875%	04/30/2022	1.6%
U.S. Treasury Note/Bond	3.000%	02/15/2047	1.6%
U.S. Treasury Note/Bond	2.000%	12/31/2021	1.5%
Federal National Mortgage Assoc.	3.500%	01/01/2046	1.5%
U.S. Treasury Note/Bond	1.375%	05/31/2021	1.4%
GE Dealer Floorplan Master Note Trust	1.592%	07/20/2019	1.3%
JFIN Revolver CLO Ltd.	2.656%	04/20/2023	1.2%
Federal National Mortgage Assoc.	6.625%	11/15/2030	1.2%
U.S. Treasury Note/Bond	2.000%	11/15/2026	1.1%
U.S. Treasury Note	0.625%	01/15/2026	1.0%
AT&T, Inc.	6.000%	08/15/2040	1.0%
BBCMS Trust	4.197%	08/10/2035	0.9%
Citibank Credit Card Issuance Trust	5.650%	09/20/2019	0.9%
Chase Issuance Trust	1.590%	02/18/2020	0.9%
American Express Credit Account Master Trust	1.490%	04/15/2020	0.9%
Ally Master Owner Trust	1.540%	09/15/2019	0.9%
NextGear Floorplan Master Owner Trust	1.800%	07/15/2019	0.9%
Credit Suisse Mortgage Capital Certificates	3.938%	11/15/2034	0.9%
Federal National Mortgage Assoc.	7.250%	05/15/2030	0.8%
BA Credit Card Trust	1.489%	06/15/2020	0.8%
Fortress Credit BSL Ltd.	2.338%	01/19/2025	0.7%
AmeriCredit Automobile Receivables Trust	2.860%	12/09/2019	0.7%
COMM Mortgage Trust	4.589%	07/10/2050	0.7%
Diamond Resorts Owner Trust	2.990%	05/22/2028	0.7%
Dell Equipment Finance Trust	1.350%	05/22/2018	0.6%
Foursight Capital Automobile Receivables Trust 201	2.870%	10/15/2021	0.6%
Dell International LLC / EMC Corp	6.020%	06/15/2026	0.6%
Wells Fargo Commercial Mortgage Trust	4.431%	07/15/2046	0.6%
Federal National Mortgage Assoc.	3.500%	04/01/2046	0.6%
Bank of America Corp.	3.824%	01/20/2028	0.6%
Time Warner Cable LLC	6.550%	05/01/2037	0.5%
21st Century Fox America, Inc.	6.900%	08/15/2039	0.5%
Federal National Mortgage Assoc.	3.500%	02/01/2046	0.5%
Ally Master Owner Trust	1.600%	10/15/2019	0.5%
Kinder Morgan Energy Partners L.P.	7.500%	11/15/2040	0.5%
1345 Avenue of the Americas & Park Avenue Plaza Tr	5.278%	08/10/2035	0.5%
Teachers Insurance & Annuity Association of Americ	4.900%	09/15/2044	0.5%
Goldman Sachs Group, Inc.	6.750%	10/01/2037	0.5%
General Motors Co.	6.600%	04/01/2036	0.5%
California Republic Auto Receivables Trust 2016-1	1.890%	05/15/2020	0.5%
U.S. Treasury Note/Bond	1.375%	06/30/2018	0.5%
Comm 2014-UBS2 Mortgage Trust	4.199%	03/10/2047	0.5%
GS Mortgage Securities Trust	4.642%	11/10/2047	0.4%
WFRBS Commercial Mortgage Trust	5.060%	08/15/2045	0.4%
COMM Mortgage Trust	4.349%	12/10/2047	0.4%
Ford Motor Co.	7.450%	07/16/2031	0.4%
WFRBS Commercial Mortgage Trust	4.415%	03/15/2048	0.4%
COMM Mortgage Trust	4.589%	07/10/2050	0.4%
Citigroup Commercial Mortgage Trust	5.866%	12/10/2049	0.4%
GS Mortgage Securities Trust	4.642%	11/10/2047	0.4%
AmeriCredit Automobile Receivables Trust	2.180%	06/08/2020	0.4%
Citigroup, Inc.	5.950%	12/31/2099	0.4%
Santander Drive Auto Receivables Trust 2017-2	1.600%	03/16/2020	0.4%
Dominion Resources, Inc.	7.000%	06/15/2038	0.4%
Wells Fargo Commercial Mortgage Trust	4.272%	05/15/2048	0.4%
Amazon.com, Inc.	4.800%	12/05/2034	0.4%
Kerr-McGee Corp.	7.875%	09/15/2031	0.4%
Federal Home Loan Mortgage Corp.	3.500%	03/01/2046	0.4%
Energy Transfer Partners L.P.	6.625%	10/15/2036	0.4%
World Financial Network Credit Card Master Trust	1.639%	02/15/2022	0.4%
The Royal Bank of Scotland Group PLC	6.125%	12/15/2022	0.4%
American International Group, Inc.	4.700%	07/10/2035	0.4%
California Republic Auto Receivables Trust	2.530%	06/15/2021	0.4%
Engs Commercial Finance Trust	2.310%	10/22/2021	0.4%
Charter Communications Operating LLC	6.384%	10/23/2035	0.4%
ARC Properties Operating Partnership L.P.	3.000%	02/06/2019	0.3%
Trinity Industries, Inc.	4.550%	10/01/2024	0.3%
National Oilwell Varco, Inc.	2.600%	12/01/2022	0.3%
Citigroup, Inc.	3.887%	01/10/2028	0.3%
Oceaneering International, Inc.	4.650%	11/15/2024	0.3%
Royal Caribbean Cruises Ltd.	7.500%	10/15/2027	0.3%
Sabine Pass Liquefaction LLC	5.875%	06/30/2026	0.3%
Federal National Mortgage Assoc.	3.500%	11/01/2045	0.3%
Santander UK plc	7.950%	10/26/2029	0.3%
Verizon Communications, Inc.	5.012%	04/15/2049	0.3%
EPR Properties	5.250%	07/15/2023	0.3%
Protective Life Corp.	8.450%	10/15/2039	0.3%
Equinix, Inc.	5.875%	01/15/2026	0.3%
Exelon Generation Co. LLC	5.600%	06/15/2042	0.3%
Government National Mortgage Association	2.750%	02/16/2058	0.3%
Government National Mortgage Association	2.700%	04/16/2057	0.3%
Wells Fargo Capital X	5.950%	12/15/2036	0.3%
Federal Home Loan Mortgage Corp.	3.500%	02/01/2046	0.3%
Government National Mortgage Association	2.600%	06/16/2058	0.3%
Florida Gas Transmission Co., LLC	4.350%	07/15/2025	0.3%
US Cellular Corp.	6.700%	12/15/2033	0.3%
SunTrust Auto Receivables Trust	1.420%	09/16/2019	0.3%
J.P. Morgan Chase Commercial Mortgage Securities T	2.609%	10/15/2033	0.3%
North Texas Tollway Auth	8.910%	02/01/2030	0.3%
Honda Auto Receivables 2015-1 Owner Trust	1.050%	10/15/2018	0.2%
Navient Corp.	6.625%	07/26/2021	0.2%
Santander Drive Auto Receivables Trust	2.130%	08/17/2020	0.2%
JPMorgan Chase & Co.	2.383%	10/24/2023	0.2%
Fresenius Medical Care US Finance II, Inc.	5.875%	01/31/2022	0.2%
Federal National Mortgage Assoc.	3.500%	02/01/2046	0.2%
AmeriCredit Automobile Receivables Trust 2014-3	1.920%	11/08/2019	0.2%
MGM Resorts International	6.000%	03/15/2023	0.2%
MSCI, Inc.	5.750%	08/15/2025	0.2%
Gulfstream Natural Gas System LLC	4.600%	09/15/2025	0.2%
CBRE Services, Inc.	4.875%	03/01/2026	0.2%
Jabil, Inc.	8.250%	03/15/2018	0.2%
JPMorgan Chase & Co.	3.900%	07/15/2025	0.2%
Discover Financial Services	4.100%	02/09/2027	0.2%
PDC Energy, Inc.	7.750%	10/15/2022	0.2%
Aquarion Co.	4.000%	08/15/2024	0.2%
Kraft Heinz Foods Co.	6.875%	01/26/2039	0.2%
GCP Applied Technologies, Inc.	9.500%	02/01/2023	0.2%
California Republic Auto Receivables Trust 2015-4	3.730%	11/15/2021	0.2%
Community Health Systems, Inc.	8.000%	11/15/2019	0.2%
Morgan Stanley	2.373%	05/08/2024	0.2%
HCP, Inc.	3.400%	02/01/2025	0.2%
California Republic Auto Receivables Trust 2016-2	1.560%	07/15/2020	0.2%
District of Columbia, DC	5.591%	12/01/2034	0.2%
Ford Credit Auto Owner Trust	1.060%	05/15/2019	0.2%
Teck Resources Ltd.	4.750%	01/15/2022	0.2%
Puget Sound Energy, Inc.	3.748%	06/01/2067	0.2%
Mercedes-Benz Auto Receivables Trust 2016-1	1.110%	03/15/2019	0.2%
Mohegan Tribal Gaming Authority	7.875%	10/15/2024	0.2%
DISH DBS Corp.	7.750%	07/01/2026	0.2%
Enterprise Products Operating LLC	5.750%	03/01/2035	0.2%
Leidos, Inc.	7.125%	07/01/2032	0.2%
T-Mobile USA, Inc.	6.500%	01/15/2026	0.2%
Solera Finance, Inc.	10.500%	03/01/2024	0.2%
Sprint Corp.	7.125%	06/15/2024	0.2%
Glencore Finance Canada Ltd.	6.000%	11/15/2041	0.2%
Rockies Express Pipeline LLC	6.875%	04/15/2040	0.2%
CarMax Auto Owner Trust	2.440%	11/16/2020	0.2%
Kinder Morgan, Inc.	7.750%	01/15/2032	0.2%
M&T Bank Corp.	5.125%	12/31/2099	0.2%
Volkswagen Auto Loan Enhanced Trust 2014-1	1.450%	09/21/2020	0.2%
Caesars Entertainment Resort Properties LLC	11.000%	10/01/2021	0.2%
Sirius XM Radio, Inc.	6.000%	07/15/2024	0.2%
Popular, Inc.	7.000%	07/01/2019	0.2%
Pulte Group, Inc.	5.500%	03/01/2026	0.2%
California Republic Auto Receivables Trust 2015-4	2.040%	01/15/2020	0.2%
DuPont Fabros Technology, Inc.	5.625%	06/15/2023	0.2%
AmeriCredit Automobile Receivables Trust	1.680%	07/08/2019	0.2%
Cablevision Systems Corp.	5.875%	09/15/2022	0.2%
Bank of America Corp.	6.500%	12/31/2099	0.2%
CommScope Technologies LLC	5.000%	03/15/2027	0.2%
WellCare Health Plans, Inc.	5.250%	04/01/2025	0.2%
Helmerich & Payne International Drilling Co.	4.650%	03/15/2025	0.2%
Envision Healthcare Corp.	5.625%	07/15/2022	0.2%
Neuberger Berman Group LLC	4.500%	03/15/2027	0.2%
Ford Credit Floorplan Master Owner Trust A	1.400%	08/15/2019	0.2%
Nielsen Finance LLC / Nielsen Finance Co.	5.000%	04/15/2022	0.2%
Century Aluminum Co.	7.500%	06/01/2021	0.2%
Amgen, Inc.	6.400%	02/01/2039	0.2%
Acadia Healthcare Co., Inc.	6.500%	03/01/2024	0.2%
AMC Networks, Inc.	4.750%	12/15/2022	0.2%
Westpac Banking Corp.	4.322%	11/23/2031	0.2%
EP Energy LLC	8.000%	11/29/2024	0.2%
Capsugel S.A.	7.000%	05/15/2019	0.2%
MEG Energy Corp.	6.375%	01/30/2023	0.2%
Flagship Credit Auto Trust	2.380%	10/15/2020	0.2%
Santander Drive Auto Receivables Trust 2017-2	3.490%	07/17/2023	0.2%
American Axle & Manufacturing, Inc.	6.250%	04/01/2025	0.2%
Block Communications, Inc.	6.875%	02/15/2025	0.2%
Monitronics International, Inc.	9.125%	04/01/2020	0.2%
Continental Resources, Inc.	4.900%	06/01/2044	0.2%
Conn's, Inc.	7.250%	07/15/2022	0.2%
JPMBB Commercial Mortgage Securities Trust	4.772%	08/15/2048	0.2%
Walgreen Co.	4.500%	11/18/2034	0.2%
Tronox Finance LLC	7.500%	03/15/2022	0.2%
Oracle Corp.	6.125%	07/08/2039	0.2%
CEC Entertainment, Inc.	8.000%	02/15/2022	0.2%
Macquarie Bank Ltd.	6.625%	04/07/2021	0.2%
PetSmart, Inc.	7.125%	03/15/2023	0.2%
Intelsat Connect Finance SA	12.500%	04/01/2022	0.2%
Dell International LLC / EMC Corp	8.100%	07/15/2036	0.2%
Santander Drive Auto Receivables Trust	2.650%	08/17/2020	0.2%
Drive Auto Receivables Trust	3.020%	11/15/2021	0.2%
Morgan Stanley	4.000%	07/23/2025	0.2%
GrafTech International Ltd.	6.375%	11/15/2020	0.2%
European Investment Bank	1.250%	05/15/2018	0.2%
Hillman Group, Inc.	6.375%	07/15/2022	0.2%
Rayonier AM Products, Inc.	5.500%	06/01/2024	0.2%
Prime Security Services Borrower LLC / Prime Finan	9.250%	05/15/2023	0.2%
BWAY Holding Co.	7.250%	04/15/2025	0.2%
Summit Materials LLC	5.125%	06/01/2025	0.1%
CCO Holdings LLC / CCO Holdings Capital Corp.	5.750%	02/15/2026	0.1%
HCA, Inc.	7.500%	11/06/2033	0.1%
Ford Credit Auto Owner Trust	1.040%	09/15/2019	0.1%
Dow Chemical Co.	9.400%	05/15/2039	0.1%
Netflix, Inc.	5.750%	03/01/2024	0.1%
L Brands, Inc.	6.875%	11/01/2035	0.1%
Sealed Air Corp.	5.500%	09/15/2025	0.1%
Sanchez Energy Corp.	6.125%	01/15/2023	0.1%
TI Group Automotive Systems LLC	8.750%	07/15/2023	0.1%
Honda Auto Receivables Trust	1.040%	04/18/2019	0.1%
National Financial Partners Corp.	9.000%	07/15/2021	0.1%
Scotts Miracle-Gro Co.	6.000%	10/15/2023	0.1%
Florida East Coast Railway Corp.	9.750%	05/01/2020	0.1%
Cox Communications, Inc.	8.375%	03/01/2039	0.1%
Ally Auto Receivables Trust	0.630%	04/15/2019	0.1%
Navient Corp.	5.875%	03/25/2021	0.1%
Government National Mortgage Association	2.700%	07/16/2057	0.1%
CIT Group, Inc.	6.000%	04/01/2036	0.1%
TCF Auto Receivables Owner Trust 2016-1	1.390%	11/15/2019	0.1%
Alexandria Real Estate Equities, Inc.	3.950%	01/15/2028	0.1%
EPR Properties	4.750%	12/15/2026	0.1%
Enbridge Energy Partners L.P.	8.050%	10/01/2037	0.1%
Cleco Corp.	3.743%	05/01/2026	0.1%
Scottrade Financial Services, Inc.	6.125%	07/11/2021	0.1%
Netflix, Inc.	4.375%	11/15/2026	0.1%
Ascentium Equipment Receivables 2017-1 Trust	1.870%	07/10/2019	0.1%
Transocean Proteus Ltd.	6.250%	12/01/2024	0.1%
Macquarie Equipment Funding Trust 2014-A	1.230%	07/20/2021	0.1%
Appalachian Power Co.	7.000%	04/01/2038	0.1%
CNH Equipment Trust	1.050%	11/15/2019	0.1%
Hilcorp Energy L.P. / Hilcorp Finance Co.	5.000%	12/01/2024	0.1%
Government National Mortgage Association	2.650%	11/16/2050	0.1%
International Paper Co.	7.300%	11/15/2039	0.1%
Nationstar Mortgage LLC / Nationstar Capital Corp.	7.875%	10/01/2020	0.1%
Vulcan Materials Co.	7.150%	11/30/2037	0.1%
Denbury Resources, Inc.	5.500%	05/01/2022	0.1%
Carnival plc	7.875%	06/01/2027	0.1%
Bill Barrett Corp.	7.000%	10/15/2022	0.1%
Government National Mortgage Association	2.750%	02/16/2058	0.1%
Navios Maritime Acq Corp./Fin US Inc.	8.125%	11/15/2021	0.1%
Verizon Communications, Inc.	5.050%	03/15/2034	0.1%
BlueLine Rental Finance Corp. / BlueLine Rental LL	9.250%	03/15/2024	0.1%
Jacobs Entertainment, Inc.	7.875%	02/01/2024	0.1%
New York and Presbyterian Hospital/The	4.063%	08/01/2056	0.1%
Drive Auto Receivables Trust	2.610%	08/16/2021	0.1%
Rent-A-Center, Inc.	4.750%	05/01/2021	0.1%
Ford Credit Auto Owner Trust	1.080%	03/15/2019	0.1%
Drive Auto Receivables Trust	2.590%	12/16/2019	0.1%
WaveDivision Escrow LLC / WaveDivision Escrow Corp	8.125%	09/01/2020	0.1%
Air Canada	7.750%	04/15/2021	0.1%
Aleris International, Inc.	9.500%	04/01/2021	0.1%
Community Health Systems, Inc.	6.250%	03/31/2023	0.1%
Toyota Auto Receivables Trust	1.020%	10/15/2018	0.1%
Mercedes-Benz Auto Receivables Trust	1.340%	12/16/2019	0.1%
OM Asset Management plc	4.800%	07/27/2026	0.1%
Illinois, IL	5.100%	06/01/2033	0.1%
PF Chang's China Bistro, Inc.	10.250%	06/30/2020	0.1%
Drive Auto Receivables Trust	4.160%	05/15/2024	0.1%
Citgo Holding, Inc.	10.750%	02/15/2020	0.1%
Expedia, Inc.	5.000%	02/15/2026	0.1%
Drive Auto Receivables Trust	2.510%	01/15/2021	0.1%
TCF Auto Receivables Owner Trust 2016-PT1	2.920%	10/17/2022	0.1%
Government National Mortgage Association	2.600%	07/16/2058	0.1%
Drive Auto Receivables Trust	3.170%	05/15/2020	0.1%
Cedar Fair L.P. / Canada's Wonderland Co. / Magnum	5.375%	04/15/2027	0.1%
PetSmart, Inc.	5.875%	06/01/2025	0.1%
Townsquare Media, Inc.	6.500%	04/01/2023	0.1%
Energy Transfer Partners L.P.	7.500%	07/01/2038	0.1%
TCF Auto Receivables Owner Trust	3.530%	03/15/2022	0.1%
Reynolds American, Inc.	5.700%	08/15/2035	0.1%
Morgan Stanley	3.875%	01/27/2026	0.1%
Kaiser Foundation Hospitals	4.150%	05/01/2047	0.1%
JPMBB Commercial Mortgage Securities Trust	4.453%	07/15/2048	0.1%
HCA, Inc.	5.500%	06/15/2047	0.1%
COMM Mortgage Trust	4.589%	07/10/2050	0.1%
California Republic Auto Receivables Trust	2.660%	08/17/2020	0.1%
First Investors Auto Owner Trust 2016-2	1.530%	11/16/2020	0.1%
Xilinx, Inc.	2.950%	06/01/2024	0.1%
Century Communities, Inc.	5.875%	07/15/2025	0.1%
Drive Auto Receivables Trust	2.200%	05/15/2020	0.1%
Americredit Automobile Receivables Trust 2016-4	1.340%	04/08/2020	0.1%
Santander Drive Auto Receivables Trust 2016-3	1.340%	11/15/2019	0.1%
Bank of America Corp.	4.450%	03/03/2026	0.1%
Verizon Communications, Inc.	4.812%	03/15/2039	0.1%
CarMax Auto Owner Trust	1.210%	11/15/2019	0.1%
Drive Auto Receivables Trust	3.720%	10/17/2022	0.1%
Dell International LLC / EMC Corp	7.125%	06/15/2024	0.1%
Building Materials Corp. of America	5.500%	02/15/2023	0.1%
Chobani LLC / Chobani Finance Corp Inc	7.500%	04/15/2025	0.1%
PPL Corp.	5.200%	07/15/2041	0.1%
Drive Auto Receivables Trust	1.670%	07/15/2019	0.1%
Unum Group	5.750%	08/15/2042	0.1%
Hexion, Inc.	10.375%	02/01/2022	0.1%
Bank of America Corp.	4.000%	01/22/2025	0.1%
Toronto-Dominion Bank	3.625%	09/15/2031	0.1%
Drive Auto Receivables Trust	2.370%	11/16/2020	0.1%
Santander Drive Auto Receivables Trust 2016-3	1.890%	06/15/2021	0.1%
Trinidad Drilling Ltd.	6.625%	02/15/2025	0.1%
Ascentium Equipment Receivables 2016-2 Trust	1.460%	04/10/2019	0.1%
Affiliated Managers Group, Inc.	4.250%	02/15/2024	0.1%
First Cash Financial Services, Inc.	5.375%	06/01/2024	0.1%
Ascension Health	3.945%	11/15/2046	0.1%
Americredit Automobile Receivables Trust	1.270%	07/08/2019	0.1%
Precision Drilling Corp.	7.750%	12/15/2023	0.1%
Honda Auto Receivables Trust	0.990%	09/17/2018	0.1%
CNH Equipment Trust	1.679%	07/15/2019	0.0%
Goldcorp, Inc.	5.450%	06/09/2044	0.0%
MGM Growth Properties Operating Partnership LP / M	5.625%	05/01/2024	0.0%
Valvoline, Inc.	5.500%	07/15/2024	0.0%
Pharmaceutical Product Development LLC	6.375%	08/01/2023	0.0%
Pennsylvania	5.350%	05/01/2030	0.0%
1011778 BC ULC / New Red Finance, Inc.	6.000%	04/01/2022	0.0%
CarMax Auto Owner Trust	1.300%	04/15/2019	0.0%
Brand Energy & Infrastructure Services Inc	8.500%	07/15/2025	0.0%
Florida East Coast Railway Corp.	6.750%	05/01/2019	0.0%
Physicians Realty L.P.	4.300%	03/15/2027	0.0%
FirstEnergy Corp.	4.850%	07/15/2047	0.0%
New Albertson's, Inc.	7.450%	08/01/2029	0.0%
Amplify Snack Brands, Inc.	6.570%	08/22/2023	0.0%
Lincoln National Corp.	6.300%	10/09/2037	0.0%
NCF Dealer Floorplan Master Trust	6.712%	03/21/2022	0.0%
Credit Index Swap	1.000%	06/20/2022	0.0%
Eldorado Resorts, Inc.	7.000%	08/01/2023	0.0%
Camelot Finance SA	7.875%	10/15/2024	0.0%
Grinding Media, Inc. / MC Grinding Media Canada, I	7.375%	12/15/2023	0.0%
Koppers, Inc.	6.000%	02/15/2025	0.0%
Commercial Mortgage Backed Index Swap	0.350%	10/17/2057	0.0%
Drive Auto Receivables Trust	4.180%	03/15/2024	0.0%
Affiliated Managers Group, Inc.	3.500%	08/01/2025	0.0%
Ascentium Equipment Receivables 2017-1 Trust	2.290%	06/10/2021	0.0%
Neuberger Berman Group LLC	4.875%	04/15/2045	0.0%
Illinois, IL	5.520%	04/01/2038	0.0%
Pulte Group, Inc.	7.875%	06/15/2032	0.0%
AmeriCredit Automobile Receivables Trust 2016-2	1.420%	10/08/2019	0.0%
HudBay Minerals, Inc.	7.625%	01/15/2025	0.0%
Santander Drive Auto Receivables Trust 2015-5	1.580%	09/16/2019	0.0%
Chrysler Capital Auto Receivables Trust 2016-A	1.470%	04/15/2019	0.0%
Peabody Energy Corp.	6.375%	03/31/2025	0.0%
Cliffs Natural Resources, Inc.	5.750%	03/01/2025	0.0%
Santander Drive Auto Receivables Trust 2016-2	1.380%	07/15/2019	0.0%
Fifth Third Auto Trust	0.960%	03/15/2019	0.0%
Commercial Mortgage Backed Index Swap	0.350%	10/17/2057	0.0%
MPH Acquisition Holdings LLC	7.125%	06/01/2024	0.0%
HudBay Minerals, Inc.	7.250%	01/15/2023	0.0%
Rain CII Carbon LLC	7.250%	04/01/2025	0.0%
NYU Hospitals Center	4.368%	07/01/2047	0.0%
AV Homes, Inc.	6.625%	05/15/2022	0.0%
Peabody Energy Corp.	6.000%	03/31/2022	0.0%
Chrysler Capital Auto Receivables Trust	1.270%	05/15/2019	0.0%
US LONG BOND(CBT) SEP17	0.000%	09/29/2017	0.0%
US 10YR NOTE (CBT)SEP17	0.000%	09/29/2017	0.0%
US 2YR NOTE (CBT) SEP17	0.000%	10/04/2017	0.0%
US 5YR NOTE (CBT) SEP17	0.000%	10/04/2017	0.0%
Commercial Mortgage Backed Index Swap	0.350%	10/17/2057	0.0%
Commercial Mortgage Backed Index Swap	0.500%	09/17/2058	0.0%
Commercial Mortgage Backed Index Swap	0.500%	09/17/2058	0.0%
Commercial Mortgage Backed Index Swap	0.500%	09/17/2058	0.0%
Commercial Mortgage Backed Index Swap	0.500%	09/17/2058	-0.1%
Commercial Mortgage Backed Index Swap	0.350%	09/17/2058	-0.1%
Commercial Mortgage Backed Index Swap	0.500%	09/17/2058	-0.1%

Fees & Expenses

Sales Charge Schedule as of 08/18/2017

	Sales Charge	Dealer's Concession	Prices at Breakpoint
Less than $100,000	2.25%	2.00%	$15.57
$100,000 to $249,999	1.75%	1.50%	$15.49
$250,000 to $499,999	1.25%	1.00%	$15.41
$500,000 to $999,999	0.00%	1.00%	$15.22
$1,000,000 to $5,000,000	0.00%	1.00%	$15.22

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 07/31/2017

Expense ratio details, Click here.

Fund Documents

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	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

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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 and 12-Month Dividend 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 debt 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 high yield, lower-rated debt securities, sometimes called junk bonds and may involve greater risks than higher rated debt securities. These securities carry increased risks of price volatility, illiquidity, and the possibility of default in the timely payment of interest and principal. 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. The fund performance history at this time is very limited; therefore, performance achieved during its initial period of investment operation may not be replicated over longer periods and may not be indicative of how the Fund will perform in the future. Past performance is no guarantee of future results.

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.

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 Bloomberg Barclays U.S. Universal Index represents the union of the U.S. Aggregate Index, the U.S. High-Yield Corporate Index, the 144A Index, the Eurodollar Index, the Emerging Markets Index, and the non-ERISA portion of the CMBS Index. Municipal debt, private placements, and non-dollar-denominated issues are excluded from the Universal Index. The only constituent of the index that includes floating-rate debt is the Emerging Markets Index.

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.

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 Plus Bond Fund?

Yield

Dividend Yield 1 as of 08/18/2017

30-Day Standardized Yield 2 as of 07/31/2017

Expense Ratioas of 07/31/2017

Fund Basicsas of 07/31/2017

Fund Expense Ratio :

Gross 2.24%

Net 0.68%

Fund Expense Ratio :

Gross 2.24%

Net 0.68%

Fund Expense Ratio :

Gross 2.24%

Net 0.68%

Fund Expense Ratio :

Gross 2.24%

Net 0.68%

Credit Quality Distribution as of 07/31/2017 View Portfolio

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Performance

Performance

Dividend Yield 1 as of 08/18/2017

30-Day Standardized Yield 2 as of 07/31/2017

Fund Expense Ratio :

Gross 2.24%

Net 0.68%

Fund Expense Ratio :

Gross 2.24%

Net 0.68%

Fund Expense Ratio :

Gross 2.24%

Net 0.68%

Fund Expense Ratio :

Gross 2.24%

Net 0.68%

Portfolio

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Dividend Yield ¹ as of 08/18/2017

30-Day Standardized Yield ² as of 07/31/2017

Dividend Yield ¹ as of 08/18/2017

30-Day Standardized Yield ² as of 07/31/2017