Corporate Bond Fund

LBCAX

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Daily price w/o sales charge as of 07/13/2020

$10.53

$0.03

YTD Returns w/o sales charge as of 07/13/2020

4.86%

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

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Summary

What is the Corporate Bond Fund ?

The Fund seeks to deliver a high level of current income by investing primarily in investment grade corporate debt securities.

EXPERIENCED, TENURED TEAM

Constructed through the collaboration among 50+ investment professionals with extensive experience managing, researching, and trading corporate debt.

HIGH QUALITY, CORPORATE FOCUS

Invested primarily in corporate debt securities rated investment grade, limiting credit risk.

LOW EXPENSES

Offers lower expenses relative to its Lipper and Morningstar peer group category average.

Yield

Dividend Yield as of 07/13/2020

	Subsidized	Un-Subsidized
w/o sales charge	3.38%	0.00%
w/ sales charge	3.31%	0.00%

30-Day Standardized Yield as of 06/30/2020

	Subsidized	Un-Subsidized
w/o sales charge	2.46%	0.00%

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

Expense Ratioas of 06/30/2020

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 03/31/2021. 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 05/29/2020

Total Net Assets: $8.90 M
Inception Date: 04/20/2017
Dividend Frequency: Monthly (Daily Accrual)
Number of Holdings: 319
Minimum Initial Investment: $1,500+

Type	Assets
Investment Grade Corporate
High Yield Corporate
ABS
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

CREDIT QUALITY DISTRIBUTION as of 05/29/2020 View Portfolio

Rating	Assets
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

Andrew H. O'Brien, CFA

Partner & Portfolio Manager

22 Years of Industry Experience

Kewjin Yuoh

Partner & Portfolio Manager

26 Years of Industry Experience

Yoana N. Koleva, CFA

Managing Director & Portfolio Manager

17 Years of Industry Experience

Eric P. Kang

Portfolio Manager

21 Years of Industry Experience

Supported By 61 Investment Professionals with 16 Years Avg. Industry Experience

Your Representative

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

Performance

Dividend Yield ¹ as of 07/13/2020

	Subsidized³	Un-Subsidized⁴
w/o sales charge	3.38%	0.00%
w/ sales charge	3.31%	0.00%

30-Day Standardized Yield ² as of 06/30/2020

	Subsidized⁵	Un-Subsidized⁶
w/o sales charge	2.46%	0.00%

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

Fund Expense Ratio :

Gross 4.26%

Net 0.68%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 04/19/2017

w/o sales charge	3.35%	7.34%	5.20%	-	-	5.24%
Lipper Category Avg. Corporate Debt Funds BBB-Rated	5.12%	9.05%	5.78%	-	-	-
Bloomberg Barclays US Corp Investment Grade Index	5.02%	9.50%	6.34%	-	-	6.32%
w/ sales charge	0.98%	4.94%	4.41%	-	-	4.50%

Fund Expense Ratio :

Gross 4.26%

Net 0.68%

Fund Expense Ratio :

Gross 4.26%

Net 0.68%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 04/19/2017

w/o sales charge	3.35%	7.34%	5.20%	-	-	5.24%
Lipper Category Avg. Corporate Debt Funds BBB-Rated	5.12%	9.05%	5.78%	-	-	-
Bloomberg Barclays US Corp Investment Grade Index	5.02%	9.50%	6.34%	-	-	6.32%
w/ sales charge	0.98%	4.94%	4.41%	-	-	4.50%

Fund Expense Ratio :

Gross 4.26%

Net 0.68%

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.

Year	Fund Returns	Bloomberg Barclays US Corp Investment Grade Index

2019	12.95%	14.54%
2018	-2.94%	-2.51%
2017	3.93%	6.42%

Year	Q1	Q2	Q3	Q4	Yearly Returns

2020	-6.23%	10.22%	-	-	4.86%
2019	4.57%	3.99%	2.74%	1.09%	12.95%
2018	-2.00%	-1.22%	0.75%	-0.48%	-2.94%
2017	-	-	1.40%	1.35%	3.93%

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

GROWTH OF $10,000 as of 06/30/2020

The chart begins on the Fund's inception date of 04/19/2017.

Based on a hypothetical Class A share investment of $10,000 on 04/19/2017 without sales charge and includes the reinvestment of all distributions.

NAV Historical Prices

Date	Net Asset Value

Portfolio

Type	Assets
Investment Grade Corporate
High Yield Corporate
ABS
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

CREDIT QUALITY DISTRIBUTION as of 05/29/2020

Rating	Assets
AAA
AA
A
BBB
<BBB

Portfolio Positioning as of 12/31/2019

While the financials sector continues to be the largest absolute position, we reduced the portfolio’s exposure during the fourth quarter, specifically taking down the portfolio’s allocation to financial companies located within the U.K. and Europe. As the market has begun to come to terms with ‘Brexit,’ we were able to capitalize on favorable trades.
While we still generally consider the consumer, non-cyclicals sector to be fairly valued and faced with event risks, we have identified select opportunities that led to a reduction in the portfolio’s notable underweight. Within the consumer, non-cyclicals sector, we increased the portfolio’s allocation to a few healthcare and pharmaceutical names, taking advantage of idiosyncratic opportunities that we found attractive.
Relative to the benchmark, the portfolio’s largest overweight position is in the utilities sector. We remain attracted to this defensive sector, as we believe securities within this sector offer attractive yield opportunities while mitigating downside risk due to their non-cyclical nature and their subjection to heavy regulations, which limit leverage.
As corporate credit spreads compressed, we have moved up in credit quality and focused on lowered beta industries. We reduced the portfolio’s allocation of “BBB” rated corporate bonds and rotated into higher quality investment grade corporate bonds. We also increased the portfolio’s duration profile to capitalize on opportunities further out on the curve.

Portfolio Details as of 05/29/2020

Total Net Assets: $8.90 M
Number of Issues: 319
Average Coupon: 4.79%
Average Life: 13.66 Years
Average Effective Duration: 8.5 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

Bank of America Corp.	3.593%	07/21/2028	1.9%
AT&T, Inc.	3.067%	06/12/2024	1.2%
NBCUniversal Enterprise, Inc.	5.250%	06/19/2099	1.2%
Charter Communications Operating LLC	6.484%	10/23/2045	1.1%
Morgan Stanley	3.875%	01/27/2026	1.0%
General Electric Co.	5.000%	12/31/2099	0.9%
Comcast Corp.	4.950%	10/15/2058	0.9%
UnitedHealth Group, Inc.	6.875%	02/15/2038	0.9%
McDonald's Corp.	6.300%	10/15/2037	0.9%
Oracle Corp.	6.125%	07/08/2039	0.8%

% of Total Assets			10.8%

Holding	Coupon	Maturity	Assets

Bank of America Corp.	3.593%	07/21/2028	1.9%
AT&T, Inc.	3.067%	06/12/2024	1.2%
NBCUniversal Enterprise, Inc.	5.250%	06/19/2099	1.2%
Charter Communications Operating LLC	6.484%	10/23/2045	1.1%
Morgan Stanley	3.875%	01/27/2026	1.0%
General Electric Co.	5.000%	12/31/2099	0.9%
Comcast Corp.	4.950%	10/15/2058	0.9%
UnitedHealth Group, Inc.	6.875%	02/15/2038	0.9%
McDonald's Corp.	6.300%	10/15/2037	0.9%
Oracle Corp.	6.125%	07/08/2039	0.8%
AbbVie, Inc.	4.250%	11/21/2049	0.8%
Broadcom Corp. / Broadcom Cayman Finance Ltd.	3.875%	01/15/2027	0.8%
CVS Caremark Corp.	4.300%	03/25/2028	0.8%
Anheuser-Busch InBev Worldwide, Inc.	8.200%	01/15/2039	0.8%
Altria Group, Inc.	5.950%	02/14/2049	0.8%
Dell International LLC / EMC Corp	6.020%	06/15/2026	0.8%
CNO Financial Group, Inc.	5.250%	05/30/2025	0.8%
Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worl	4.700%	02/01/2036	0.8%
Wells Fargo Capital X	5.950%	12/01/2086	0.8%
Apple, Inc.	4.450%	05/06/2044	0.7%
Macquarie Bank Ltd.	6.625%	04/07/2021	0.7%
Burlington Northern Santa Fe LLC	5.750%	05/01/2040	0.7%
AT&T, Inc.	6.250%	03/29/2041	0.7%
Sabine Pass Liquefaction LLC	5.875%	06/30/2026	0.7%
General Motors Co.	6.750%	04/01/2046	0.7%
JPMorgan Chase & Co.	8.000%	04/29/2027	0.7%
Citigroup, Inc.	5.500%	09/13/2025	0.7%
PayPal Holdings, Inc.	2.850%	10/01/2029	0.7%
Crown Castle International Corp.	4.450%	02/15/2026	0.6%
Roper Industries, Inc.	3.800%	12/15/2026	0.6%
JPMorgan Chase & Co.	3.960%	01/29/2027	0.6%
HCA, Inc.	5.500%	06/15/2047	0.6%
Boeing Co.	5.805%	05/01/2050	0.6%
T-Mobile USA, Inc.	3.750%	04/15/2027	0.6%
Equinix, Inc.	5.375%	05/15/2027	0.6%
Berkshire Hathaway Finance Corp.	4.250%	01/15/2049	0.6%
Diamondback Energy, Inc.	5.375%	05/31/2025	0.6%
Ohio Edison Co.	8.250%	10/15/2038	0.6%
Campbell Soup Co.	2.524%	03/15/2021	0.6%
General Electric Co.	6.150%	08/07/2037	0.6%
Verizon Communications, Inc.	2.792%	05/15/2025	0.6%
AstraZeneca plc	2.357%	08/17/2023	0.6%
Baker Hughes a GE Co LLC / Baker Hughes Co-Obligor	4.080%	12/15/2047	0.5%
Exelon Generation Co. LLC	5.600%	06/15/2042	0.5%
BAT Capital Corp	4.390%	08/15/2037	0.5%
Morgan Stanley	4.431%	01/23/2030	0.5%
CVS Caremark Corp.	5.050%	03/25/2048	0.5%
Citigroup, Inc.	3.668%	07/24/2028	0.5%
Toronto-Dominion Bank	3.625%	09/15/2031	0.5%
Catholic Health Initiatives	3.347%	10/01/2029	0.5%
Midwest Connector Capital Co LLC	3.900%	04/01/2024	0.5%
Zimmer Biomet Holdings, Inc.	5.750%	11/30/2039	0.5%
Oglethorpe Power Corp.	5.950%	11/01/2039	0.5%
Helmerich & Payne, Inc.	4.650%	03/15/2025	0.5%
Continental Resources, Inc.	5.000%	09/15/2022	0.5%
Snap-on, Inc.	3.100%	05/01/2050	0.5%
Santander Drive Auto Receivables Trust 2016-1	4.020%	04/15/2022	0.5%
AT&T, Inc.	4.300%	02/15/2030	0.5%
Vulcan Materials Co.	2.230%	03/01/2021	0.5%
Sempra Energy	4.000%	02/01/2048	0.4%
WEA Finance LLC	2.875%	01/15/2027	0.4%
Park Aerospace Holdings Ltd	5.500%	02/15/2024	0.4%
Shell International Finance BV	6.375%	12/15/2038	0.4%
Cigna Corp	6.125%	11/15/2041	0.4%
Valero Energy Corp.	10.500%	03/15/2039	0.4%
JPMorgan Chase & Co.	3.875%	09/10/2024	0.4%
Halliburton Co.	7.450%	09/15/2039	0.4%
Kansas City Southern	4.200%	11/15/2069	0.4%
Gilead Sciences, Inc.	4.150%	03/01/2047	0.4%
Enbridge Energy Partners L.P.	7.500%	04/15/2038	0.4%
Sabal Trail Transmission LLC	4.246%	05/01/2028	0.4%
Teachers Insurance & Annuity Association of Americ	4.900%	09/15/2044	0.4%
Appalachian Power Co.	7.000%	04/01/2038	0.4%
Canadian Natural Resources Ltd.	7.200%	01/15/2032	0.4%
MPLX L.P.	5.250%	01/15/2025	0.4%
New York Life Insurance Co	4.450%	05/15/2069	0.4%
Biogen Idec, Inc.	2.250%	05/01/2030	0.4%
NGPL Pipeco LLC	4.875%	08/15/2027	0.4%
Bayer Corp	6.650%	02/15/2028	0.4%
Ameriprise Financial, Inc.	3.000%	04/02/2025	0.4%
Ally Financial, Inc.	8.000%	11/01/2031	0.4%
Cox Communications, Inc.	8.375%	03/01/2039	0.4%
Protective Life Corp.	8.450%	10/15/2039	0.4%
Goldman Sachs Group, Inc.	6.750%	10/01/2037	0.4%
Hewlett Packard Enterprise Co.	2.620%	10/05/2021	0.4%
Universal Health Services, Inc.	4.750%	08/01/2022	0.4%
SAIC, Inc.	5.950%	12/01/2040	0.4%
CSX Corp.	6.000%	10/01/2036	0.4%
NiSource, Inc.	5.950%	06/15/2041	0.4%
Los Angeles Unif Sch Dist, CA	5.750%	07/01/2034	0.4%
Huntington Ingalls Industries, Inc.	3.844%	05/01/2025	0.4%
Statoil ASA	7.150%	11/15/2025	0.4%
Owens Corning	4.300%	07/15/2047	0.4%
Comerica, Inc.	4.000%	02/01/2029	0.4%
Express Scripts Holding Co.	2.330%	11/30/2020	0.4%
AT&T, Inc.	5.550%	08/15/2041	0.4%
Healthcare Realty Trust, Inc.	3.875%	05/01/2025	0.4%
Dominion Resources, Inc.	7.000%	06/15/2038	0.4%
TransAlta Corp.	4.500%	11/15/2022	0.4%
New York and Presbyterian Hospital/The	3.954%	08/01/2119	0.4%
Global Payments, Inc.	3.200%	08/15/2029	0.3%
Lincoln National Corp.	6.300%	10/09/2037	0.3%
Southwestern Public Svc Co.	4.500%	08/15/2041	0.3%
PPL Corp.	5.200%	07/15/2041	0.3%
Goodman US Finance Three LLC	3.700%	03/15/2028	0.3%
Santander UK plc	7.950%	10/26/2029	0.3%
GATX Corp.	4.550%	11/07/2028	0.3%
AstraZeneca plc	2.511%	06/10/2022	0.3%
Pentair Finance SA	3.150%	09/15/2022	0.3%
Entergy Arkansas, Inc.	4.950%	12/15/2044	0.3%
IDEX Corp.	3.000%	05/01/2030	0.3%
SL Green Operating Partnership L.P.	3.250%	10/15/2022	0.3%
Oklahoma Gas and Electric	5.250%	05/15/2041	0.3%
Southwest Gas Corp.	4.150%	06/01/2049	0.3%
Westpac Banking Corp.	4.322%	11/23/2031	0.3%
California St Univ	3.899%	11/01/2047	0.3%
Suncor Energy, Inc.	7.875%	06/15/2026	0.3%
Emera US Finance L.P.	4.750%	06/15/2046	0.3%
Las Vegas Sands Corp.	3.900%	08/08/2029	0.3%
Duqesne Light Holdings, Inc.	6.400%	09/15/2020	0.3%
Dollar Tree, Inc.	4.200%	05/15/2028	0.3%
MPLX L.P.	6.250%	10/15/2022	0.3%
Goldman Sachs Group, Inc.	4.250%	10/21/2025	0.3%
Public Service Co of Oklahoma	6.625%	11/15/2037	0.3%
Mississippi Power Co.	4.250%	03/15/2042	0.3%
Northwell Healthcare, Inc.	3.979%	11/01/2046	0.3%
Xylem, Inc.	4.375%	11/01/2046	0.3%
Walgreen Co.	3.800%	11/18/2024	0.3%
Miami Dade Cnty, FL	4.280%	10/01/2041	0.3%
Georgia Power Co.	4.750%	09/01/2040	0.3%
DTE Energy Co.	6.375%	04/15/2033	0.3%
Mount Sinai Hospitals Group Inc	3.737%	07/01/2049	0.3%
Nvent Finance Sarl	4.550%	04/15/2028	0.3%
Eni USA Inc	7.300%	11/15/2027	0.3%
Canadian Pacific Railway Co.	7.125%	10/15/2031	0.3%
Wabtec Corp.	4.950%	09/15/2028	0.3%
State Street Corp.	3.031%	11/01/2034	0.3%
Piedmont Natural Gas Co., Inc.	3.640%	11/01/2046	0.3%
Schlumberger Holdings Corp.	3.750%	05/01/2024	0.3%
Trimble Navigation Ltd.	4.750%	12/01/2024	0.3%
Progress Energy, Inc.	7.750%	03/01/2031	0.3%
Avista Corp.	4.350%	06/01/2048	0.3%
National Oilwell Varco, Inc.	3.950%	12/01/2042	0.3%
Fox Corp	5.476%	01/25/2039	0.3%
Cleco Power LLC	6.000%	12/01/2040	0.3%
HSBC USA, Inc.	9.300%	06/01/2021	0.3%
Huntington Ingalls Industries, Inc.	5.000%	11/15/2025	0.3%
Carrier Global Corp	3.577%	04/05/2050	0.3%
VEREIT Operating Partnership L.P.	4.875%	06/01/2026	0.3%
Cigna Corp	4.800%	07/15/2046	0.3%
Hess Corp.	5.600%	02/15/2041	0.3%
Valmont Industries, Inc.	5.250%	10/01/2054	0.3%
Parsley Energy LLC	5.375%	01/15/2025	0.3%
Patterson-UTI Energy, Inc.	3.950%	02/01/2028	0.3%
Neuberger Berman Group LLC	4.500%	03/15/2027	0.3%
Ford Credit Floorplan Master Owner Trust A	2.390%	08/15/2022	0.3%
Viper Energy Partners LP	5.375%	11/01/2027	0.3%
Puget Sound Energy, Inc.	5.764%	07/15/2040	0.3%
Brightsphere Investment Group Inc	4.800%	07/27/2026	0.3%
Macquarie Group Ltd.	4.654%	03/27/2029	0.3%
ITC Holdings Corp.	3.350%	11/15/2027	0.3%
AT&T, Inc.	2.594%	02/15/2023	0.3%
CVS Caremark Corp.	4.780%	03/25/2038	0.3%
Baker Hughes a GE Co LLC / Baker Hughes Co-Obligor	3.337%	12/15/2027	0.3%
Sysco Corp.	6.600%	04/01/2040	0.3%
NYU Hospitals Center	4.368%	07/01/2047	0.3%
Cimarex Energy Co.	4.375%	03/15/2029	0.3%
Occidental Petroleum Corp.	7.875%	09/15/2031	0.3%
Boston Scientific Corp.	2.650%	06/01/2030	0.3%
MPLX L.P.	2.985%	09/09/2022	0.3%
United Technologies Corp.	2.250%	07/01/2030	0.3%
Hardee's Funding LLC	4.959%	06/20/2048	0.3%
AstraZeneca plc	6.450%	09/15/2037	0.3%
SL Green Realty Corp.	4.500%	12/01/2022	0.3%
Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worl	3.650%	02/01/2026	0.3%
Colonial Pipeline Co.	3.750%	10/01/2025	0.3%
Aircastle Ltd.	4.250%	06/15/2026	0.2%
Bank of America Corp.	4.250%	10/22/2026	0.2%
Southern Star Central Corp.	5.125%	07/15/2022	0.2%
Cargill Inc	2.125%	04/23/2030	0.2%
Halliburton Co.	2.920%	03/01/2030	0.2%
BAT Capital Corp	3.222%	08/15/2024	0.2%
Bank of Montreal	3.803%	12/15/2032	0.2%
Piedmont Natural Gas Co., Inc.	4.100%	09/18/2034	0.2%
Alleghany Corp.	3.625%	05/15/2030	0.2%
Westpac Banking Corp.	4.110%	07/24/2034	0.2%
Fresenius Medical Care US Finance II, Inc.	4.750%	10/15/2024	0.2%
Oklahoma Gas and Electric	3.300%	03/15/2030	0.2%
PPL WEM Ltd./Western Power Distribution Ltd.	5.375%	05/01/2021	0.2%
American Homes 4 Rent LP	4.900%	02/15/2029	0.2%
Lockheed Martin Corp.	7.750%	05/01/2026	0.2%
Alimentation Couche-Tard, Inc.	2.950%	01/25/2030	0.2%
Glencore Finance Canada Ltd.	5.550%	10/25/2042	0.2%
Aquarion Co.	4.000%	08/15/2024	0.2%
Goldman Sachs Group, Inc.	2.904%	04/26/2022	0.2%
El Paso Electric Co.	6.000%	05/15/2035	0.2%
Goldman Sachs Group, Inc.	2.557%	10/31/2022	0.2%
Diamondback Energy, Inc.	2.875%	12/01/2024	0.2%
Dell International LLC / EMC Corp.	8.350%	07/15/2046	0.2%
International Lease Finance Corp.	8.250%	12/15/2020	0.2%
Occidental Petroleum Corp.	6.950%	07/01/2024	0.2%
AbbVie, Inc.	4.875%	11/14/2048	0.2%
Boeing Co.	3.600%	05/01/2034	0.2%
Global Atlantic Fin Co	4.400%	10/15/2029	0.2%
AbbVie, Inc.	4.700%	05/14/2045	0.2%
Securian Financial Group Inc	4.800%	04/15/2048	0.2%
Apache Corp.	5.100%	09/01/2040	0.2%
California	7.600%	11/01/2040	0.2%
Ausgrid Finance Pty Ltd	4.350%	08/01/2028	0.2%
Anthem, Inc.	2.250%	05/15/2030	0.2%
NVR, Inc.	3.000%	05/15/2030	0.2%
Gulfstream Natural Gas System LLC	4.600%	09/15/2025	0.2%
Continental Resources, Inc.	4.900%	06/01/2044	0.2%
National Fuel Gas Co.	4.900%	12/01/2021	0.2%
Assurant, Inc.	3.700%	02/22/2030	0.2%
Cleco Corp.	4.973%	05/01/2046	0.2%
Kimco Realty Corp.	3.700%	10/01/2049	0.2%
NRG Energy, Inc.	4.450%	06/15/2029	0.2%
NXP BV / NXP Funding LLC / NXP USA Inc	3.150%	05/01/2027	0.2%
National Fuel Gas Co.	7.395%	03/30/2023	0.2%
Interstate Power and Light Co	3.500%	09/30/2049	0.2%
Westpac Banking Corp.	2.650%	01/16/2030	0.2%
Selective Insurance Group, Inc.	5.375%	03/01/2049	0.2%
Steel Dynamics, Inc.	5.000%	12/15/2026	0.2%
Stryker Corp.	1.950%	06/15/2030	0.2%
International Lease Finance Corp.	8.625%	01/15/2022	0.2%
Carlisle Cos., Inc.	2.750%	03/01/2030	0.2%
Puget Energy, Inc.	5.625%	07/15/2022	0.2%
AT&T, Inc.	3.650%	06/01/2051	0.2%
Fresenius Medical Care US Finance II, Inc.	5.875%	01/31/2022	0.2%
Healthcare Realty Trust, Inc.	3.750%	04/15/2023	0.2%
Webster Financial Corp.	4.100%	03/25/2029	0.2%
Energy Transfer Operating LP	4.050%	03/15/2025	0.2%
Chicago, IL	6.314%	01/01/2044	0.2%
Univ of California Bd of Regents	3.006%	05/15/2050	0.2%
Southern Copper Corp.	5.875%	04/23/2045	0.2%
Albemarle Corp.	2.742%	11/15/2022	0.2%
Hess Corp.	5.800%	04/01/2047	0.2%
Transatlantic Holdings, Inc.	8.000%	11/30/2039	0.2%
CSX Corporation, Inc.	7.875%	05/15/2043	0.2%
CNH Capital LLC	4.375%	04/05/2022	0.2%
American Homes 4 Rent LP	4.250%	02/15/2028	0.1%
Boeing Co.	5.150%	05/01/2030	0.1%
Boeing Co.	5.930%	05/01/2060	0.1%
Charles Schwab & Co., Inc.	5.375%	04/30/2170	0.1%
Kennametal, Inc.	4.625%	06/15/2028	0.1%
Global Payments, Inc.	2.900%	05/15/2030	0.1%
Kaiser Foundation Hospitals	4.150%	05/01/2047	0.1%
Interstate Power and Light Co	4.700%	10/15/2043	0.1%
Puget Energy, Inc.	3.650%	05/15/2025	0.1%
Trimble Navigation Ltd.	4.900%	06/15/2028	0.1%
EPR Properties	4.950%	04/15/2028	0.1%
New York St Electric & Gas Corp.	3.300%	09/15/2049	0.1%
Affiliated Managers Group, Inc.	3.500%	08/01/2025	0.1%
Energy Transfer Operating LP	7.600%	02/01/2024	0.1%
Energy Transfer Operating LP	5.875%	01/15/2024	0.1%
Canadian Pacific Railway Co.	9.450%	08/01/2021	0.1%
Boeing Co.	5.705%	05/01/2040	0.1%
DTE Electric Co	2.625%	03/01/2031	0.1%
Puget Energy, Inc.	6.000%	09/01/2021	0.1%
Southwestern Public Svc Co.	3.150%	05/01/2050	0.1%
Neuberger Berman Group LLC	4.875%	04/15/2045	0.1%
Canadian National Railway Co.	7.375%	10/15/2031	0.1%
E*TRADE Financial Corp.	4.500%	06/20/2028	0.1%
Weyerhaeuser Co.	8.500%	01/15/2025	0.1%
Suncor Energy Ventures Corp	4.500%	04/01/2022	0.1%
Owens Corning	3.875%	06/01/2030	0.1%
Vulcan Materials Co.	2.494%	06/15/2020	0.1%
South Carolina Electric & Gas Co.	6.050%	01/15/2038	0.1%
Leidos, Inc.	4.375%	05/15/2030	0.1%
E*TRADE Financial Corp.	3.800%	08/24/2027	0.1%
Healthcare Trust of America Holdings LP	3.100%	02/15/2030	0.1%
Wells Fargo & Co.	4.650%	11/04/2044	0.1%
Hanover Insurance Group, Inc.	4.500%	04/15/2026	0.1%
Tampa Electric Co.	6.150%	05/15/2037	0.1%
Aqua America, Inc.	3.566%	05/01/2029	0.1%
Equinix, Inc.	5.875%	01/15/2026	0.1%
NYU Hospitals Center	4.784%	07/01/2044	0.1%
Smithfield Foods, Inc.	3.350%	02/01/2022	0.1%
Boral Finance Pty Ltd	3.000%	11/01/2022	0.1%
Sysco Corp.	2.400%	02/15/2030	0.1%
National Fuel Gas Co.	3.950%	09/15/2027	0.1%
Puget Energy, Inc.	4.100%	06/15/2030	0.1%
Entergy Louisiana LLC	2.900%	03/15/2051	0.1%
Interstate Power and Light Co	3.600%	04/01/2029	0.1%
American Airlines Class B Pass Through Trust	4.375%	10/01/2022	0.1%
El Paso Electric Co.	5.000%	12/01/2044	0.1%
Entergy Louisiana LLC	4.000%	03/15/2033	0.1%
FirstEnergy Transmission LLC	4.550%	04/01/2049	0.1%
Avolon Holdings Funding Ltd	5.125%	10/01/2023	0.1%
Morgan Stanley	5.000%	11/24/2025	0.1%
Valero Energy Corp.	8.750%	06/15/2030	0.1%
Entergy Texas, Inc.	4.000%	03/30/2029	0.1%
Healthcare Realty Trust, Inc.	2.400%	03/15/2030	0.1%
Suncor Energy Ventures Corp	9.400%	09/01/2021	0.1%
PTL Finance Corp.	3.450%	07/01/2024	0.1%
Statoil ASA	1.750%	01/22/2026	0.1%
CNH Capital LLC	4.875%	04/01/2021	0.1%
Healthcare Realty Trust, Inc.	3.625%	01/15/2028	0.1%
Walgreen Co.	3.200%	04/15/2030	0.1%
Illinois, IL	5.100%	06/01/2033	0.1%
Illinois, IL	4.950%	06/01/2023	0.1%
San Diego Gas & Electric Co	1.914%	02/01/2022	0.0%
Pepperdine University	3.301%	12/01/2059	0.0%
Diamondback Energy, Inc.	4.750%	05/31/2025	0.0%
BAT Capital Corp	3.557%	08/15/2027	0.0%
Halliburton Co.	3.800%	11/15/2025	0.0%
Andeavor LLC	5.375%	10/01/2022	0.0%
Valero Energy Corp.	7.500%	04/15/2032	0.0%
BAT Capital Corp	4.700%	04/02/2027	0.0%
National Fuel Gas Co.	5.200%	07/15/2025	0.0%
JPMorgan Chase & Co.	4.000%	12/31/2099	0.0%
University of Chicago/The	2.761%	04/01/2045	0.0%
US 10YR ULTRA FUT SEP20	0.000%	09/30/2020	0.0%
US 2YR NOTE (CBT) SEP20	0.000%	10/05/2020	0.0%
US LONG BOND(CBT) SEP20	0.000%	09/30/2020	0.0%
US ULTRA BOND CBT SEP20	0.000%	09/30/2020	0.0%
US 10YR NOTE (CBT)SEP20	0.000%	09/30/2020	0.0%
US 5YR NOTE (CBT) SEP20	0.000%	10/05/2020	0.0%

Dividends & Cap Gains

DIVIDEND PAYMENTS

For

YTD Dividends Paidas of 07/13/2020: $0.177
Dividend Frequency: Monthly (Daily Accrual)

Record Date	Ex-Dividend Date	Reinvest & Payable Date	Dividend	Reinvest Price
Daily	Daily	06/30/2020	$0.02968	$10.39
Daily	Daily	05/31/2020	$0.02984	$10.16
Daily	Daily	04/30/2020	$0.02991	$9.99
Daily	Daily	03/31/2020	$0.02959	$9.51
Daily	Daily	02/29/2020	$0.02917	$10.57
Daily	Daily	01/31/2020	$0.02964	$10.48

Upcoming Dividend Payment Dates

This section lists all anticipated income and Capital Gain distribution dates and any actual distributions are subject to adequacy of earnings and must be approved by the Board of Directors/Trustees. Please note that dates are subject to change.

Record Date	Ex-Dividend Date	Reinvest & Payable Date
Daily	Daily	07/31/2020
Daily	Daily	08/31/2020
Daily	Daily	09/30/2020
Daily	Daily	10/31/2020
Daily	Daily	11/30/2020
Daily	Daily	12/31/2020

CAPITAL GAINS DISTRIBUTIONS

For

Record Date	Reinvest & Payable Date	Long-term	Short-term *	Total	Reinvest Price
12/14/2017	12/15/2017	-	$0.0068	$0.0068	$10.14

Taxed as ordinary income

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

Upcoming Capital Gain Distribution

Record Date	Ex-Dividend Date
12/17/2020	12/18/2020

Fees & Expenses

Sales Charge Schedule as of 07/13/2020

	Sales Charge	Dealer's Concession	Prices at Breakpoint
Less than $100,000	2.25%	2.00%	$10.77
$100,000 to $249,999	1.75%	1.50%	$10.72
$250,000 to $499,999	1.25%	1.00%	$10.66
$500,000 to $999,999	0.00%	1.00%	$10.53
$1,000,000 to $5,000,000	0.00%	1.00%	$10.53

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 06/30/2020

Expense ratio details, Click here.

Fund Documents

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	Summary Prospectus Publish Date:11/03/2015
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	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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^*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.

12-Month Dividend Yield is a financial ratio that shows how much a mutual fund pays out in dividends each year relative to its value with maximum sales charges and without sales charges. The fund’s dividend yield is calculated by dividing the fund’s income distributions over the previous year by the fund’s current 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.

IMPORTANT INFORMATION

New Fund Risk: The Fund is newly organized. There can be no assurance that the Fund will reach or maintain a sufficient asset size to effectively implement its investment strategy. Diversification does not guarantee a profit or protect against loss in declining markets.

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 will change as interest rates fluctuate and in response to market movements. When interest rates fall, the prices of debt securities tend to rise, and when interest rates rise, the prices of debt securities are likely to decline. Debt securities are subject to credit risk, which is the risk that the issuer will fail to make timely payments of interest and principal to the Fund. 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. 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.

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.

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.

Except as noted below, returns with sales charges reflect a maximum sales charge of 2.50%. There are also ongoing 12b-1 service and 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 1.50% if the shares are repurchased 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.

Except as noted below, returns with sales charges reflect a maximum sales charge of 2.50%. There are also ongoing 12b-1 service and distribution fees.

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. Corporate Investment Grade Index is the Corporate component of the U.S. Credit index. The U.S. Credit index is defined as publicly issued U.S. corporate and specified foreign debentures and secured notes that meet the specified maturity, liquidity, and quality requirements. To qualify, bonds must be SEC-registered. The index includes both corporate and non-corporate sectors. Bonds must be an investment grade credit security and have at least $250 million par amount outstanding.

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.

Fund finder

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Summary

Summary

What is the Corporate Bond Fund ?

The Fund seeks to deliver a high level of current income by investing primarily in investment grade corporate debt securities.

EXPERIENCED, TENURED TEAM

HIGH QUALITY, CORPORATE FOCUS

LOW EXPENSES

Yield

Dividend Yield as of 07/13/2020

30-Day Standardized Yield as of 06/30/2020

Expense Ratioas of 06/30/2020

Fund Basicsas of 05/29/2020

CREDIT QUALITY DISTRIBUTION as of 05/29/2020 View Portfolio

INVESTMENT TEAM

Your Representative

Performance

Performance

Dividend Yield 1 as of 07/13/2020

30-Day Standardized Yield 2 as of 06/30/2020

Fund Expense Ratio :

Gross 4.26%

Net 0.68%

Fund Expense Ratio :

Gross 4.26%

Net 0.68%

Fund Expense Ratio :

Gross 4.26%

Net 0.68%

Fund Expense Ratio :

Gross 4.26%

Net 0.68%

GROWTH OF $10,000 as of 06/30/2020

NAV Historical Prices

Portfolio

Portfolio

CREDIT QUALITY DISTRIBUTION as of 05/29/2020

Portfolio Positioning as of 12/31/2019

Portfolio Details as of 05/29/2020

Dividends & Cap Gains

Dividends & Cap Gains

DIVIDEND PAYMENTS

DIVIDEND PAYMENTS

Upcoming Dividend Payment Dates

CAPITAL GAINS DISTRIBUTIONS

Upcoming Capital Gain Distribution

Fees & Expenses

Fees & Expenses

Sales Charge Schedule as of 07/13/2020

EXPENSE RATIOas of 06/30/2020

Fund Documents

Dividend Yield ¹ as of 07/13/2020

30-Day Standardized Yield ² as of 06/30/2020