Short Duration Core Bond Fund

LDCCX

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Daily price w/o sales charge as of 03/22/2019

$9.82

$0.01

YTD Returns w/o sales charge as of 03/22/2019

1.34%

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

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Summary

What is the Short Duration Core Bond Fund ?

The Fund seeks to deliver current income consistent with the preservation of capital by investing in a wide variety of short duration investment grade debt securities including corporate debt securities, U.S. government and government-related securities, and mortgage-backed and other asset-backed securities.

EXPERIENCED, TENURED TEAM

Constructed through the collaboration among 50+ investment professionals with extensive experience managing, researching, and trading short-term debt securities.

HIGH QUALITY, LOW DURATION

Seeks to generate attractive income by investing in a broad range of high-quality, short duration bonds, limiting credit risk and interest rate risk.

LOW EXPENSES

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

Yield

Dividend Yield as of 03/22/2019

	Subsidized	Un-Subsidized
w/o sales charge	2.26%	0.00%

30-Day Standardized Yield as of 02/28/2019

	Subsidized	Un-Subsidized
w/o sales charge	1.63%	0.06%

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

Fund Basicsas of 02/28/2019

Total Net Assets: $15.75 M
Inception Date: 04/20/2017
Dividend Frequency: Monthly
Fund Gross Expense Ratio: 3.90%
Fund Net Expense Ratio: 1.39%
Number of Holdings: 321
CUSIP: 54401X208
Minimum Initial Investment: $1,500+

Type	Assets
ABS
Investment Grade Corporate
CMBS
U.S. Government Related
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

CREDIT QUALITY DISTRIBUTION as of 02/28/2019 View Portfolio

Rating	Assets
U.S. Treasury
Agency
AAA
AA
A
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

25 Years of Industry Experience

Andrew H. O'Brien, CFA

Partner & Portfolio Manager

21 Years of Industry Experience

Supported By 68 Investment Professionals with 14 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 03/22/2019

	Subsidized³	Un-Subsidized⁴
w/o sales charge	2.26%	0.00%

30-Day Standardized Yield ² as of 02/28/2019

	Subsidized	Un-Subsidized
w/o sales charge	1.63%	0.06%

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

Fund Expense Ratio :

Gross 3.90%

Net 1.39%

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

w/o sales charge	0.78%	1.91%	-	-	-	0.91%
Lipper Category Avg. Short Investment Grade Debt Funds	1.01%	2.31%	-	-	-	-
Bloomberg Barclays 1-3 Year US Government/Credit Bond Index	0.55%	2.52%	-	-	-	1.24%
w/ sales charge	-0.22%	1.91%	-	-	-	0.91%

Fund Expense Ratio :

Gross 3.90%

Net 1.39%

Fund Expense Ratio :

Gross 3.90%

Net 1.39%

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

w/o sales charge	0.73%	0.73%	-	-	-	0.54%
Lipper Category Avg. Short Investment Grade Debt Funds	1.03%	1.02%	-	-	-	-
Bloomberg Barclays 1-3 Year US Government/Credit Bond Index	1.60%	1.60%	-	-	-	1.04%

Fund Expense Ratio :

Gross 3.90%

Net 1.39%

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.

Year	Fund Returns	Bloomberg Barclays 1-3 Year US Government/Credit Bond Index

2018	0.73%	1.60%
2017	0.18%	0.84%

Year	Q1	Q2	Q3	Q4	Yearly Returns

2019	-	-	-	-	1.35%
2018	-0.31%	0.17%	0.33%	0.54%	0.73%
2017	-	-	0.21%	-0.14%	0.18%

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

NAV Historical Prices

Date	Net Asset Value

Portfolio

Type	Assets
ABS
Investment Grade Corporate
CMBS
U.S. Government Related
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

CREDIT QUALITY DISTRIBUTION as of 02/28/2019

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

Portfolio Positioning as of 12/31/2018

We continue to hold the view that U.S. domestic growth will separate from global weakness. Despite the recent market volatility and the downturn of some soft economic indicators, we are cautiously optimistic in the U.S. economy due to the strength in the labor market. We remain focused on domestic opportunities given the potential for increased volatility and event risk abroad. For example, we believe domestically-focused areas of the market, such as commercial mortgage-backed securities and asset-backed securities that are backed by credit card receivables and auto loans, offer relative value and strong carry opportunities.
We increased the portfolio’s allocation to investment grade corporate bonds as spreads widened during the quarter. We remain constructive on the fundamental and technical factors of this market segment and believe that the volatility experienced in the fourth quarter resulted in idiosyncratic opportunities to capture relative value, particularly within “BBB” rated debt.
We also increased the portfolio’s allocation to U.S. government related securities and mortgage-backed securities (MBS). Within MBS, we traded a range with respect to spread to Treasuries.
We decreased the portfolio’s allocation to asset-backed securities. While we continue to closely monitor this sector, as we believe it provides liquidity as well as presents unique opportunities to find pockets of relative value and attractive risk adjusted spread, we reduced the portfolio’s allocation in order to take advantage of attractive spreads within lower-rated, investment grade corporate bonds.

Portfolio Details as of 02/28/2019

Total Net Assets: $15.75 M
Number of Issues: 321
Average Coupon: 3.75%
Average Life: 2.37 Years
Average Effective Duration: 1.66 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

U.S. Treasury Note/Bond	2.500%	01/31/2021	6.4%
U.S. Treasury Note	0.625%	04/15/2023	5.0%
U.S. Treasury Note/Bond	2.375%	02/29/2024	1.9%
ALM VII Ltd	4.267%	10/15/2028	1.6%
TCI-Flatiron CLO 2016-1 Ltd	4.323%	07/17/2028	1.6%
CPS Auto Receivables Trust 2017-C	3.790%	06/15/2023	1.3%
Mountain Hawk III CLO Ltd.	3.980%	04/18/2025	1.1%
WFRBS Commercial Mortgage Trust	3.995%	05/15/2047	0.9%
Citigroup Commercial Mortgage Trust	3.024%	09/10/2045	0.9%
Massachusetts Educational Financing Authority	3.721%	04/25/2038	0.8%

% of Total Assets			21.5%

Holding	Coupon	Maturity	Assets

U.S. Treasury Note	0.625%	04/15/2023	5.2%
U.S. Treasury Note/Bond	2.500%	01/31/2021	2.0%
ALM VII Ltd	4.267%	10/15/2028	1.7%
TCI-Flatiron CLO 2016-1 Ltd	4.323%	07/17/2028	1.7%
CPS Auto Receivables Trust 2017-C	3.790%	06/15/2023	1.3%
Mountain Hawk III CLO Ltd.	3.980%	04/18/2025	1.1%
WFRBS Commercial Mortgage Trust	3.995%	05/15/2047	1.0%
Westgate Resorts LLC	2.150%	12/20/2026	1.0%
Citigroup Commercial Mortgage Trust	3.024%	09/10/2045	0.9%
Massachusetts Educational Financing Authority	3.721%	04/25/2038	0.9%
Santander UK Group Holdings plc	3.125%	01/08/2021	0.8%
Credit Suisse Group AG	5.400%	01/14/2020	0.8%
Wells Fargo Commercial Mortgage Trust 2017-RC1	3.118%	01/15/2060	0.8%
Drive Auto Receivables Trust 2017-1	3.840%	03/15/2023	0.7%
COMM Mortgage Trust	3.819%	06/10/2047	0.7%
Sabine Pass Liquefaction LLC	5.625%	04/15/2023	0.7%
Dell International LLC / EMC Corp.	5.450%	06/15/2023	0.7%
Lloyds Bank plc	6.500%	09/14/2020	0.7%
Ford Motor Credit Co. LLC	8.125%	01/15/2020	0.7%
Jefferies Group LLC	8.500%	07/15/2019	0.7%
CPS Auto Receivables Trust 2016-C	5.920%	06/15/2022	0.7%
Morgan Stanley Capital I Trust	4.661%	06/15/2044	0.7%
JPMBB Commercial Mortgage Securities Trust 2014-C2	3.801%	09/15/2047	0.7%
Foursight Capital Automobile Receivables Trust 201	5.280%	08/15/2024	0.7%
NBCUniversal Enterprise, Inc.	5.250%	06/19/2099	0.7%
Citibank Credit Card Issuance Trust	3.210%	12/07/2024	0.7%
Drive Auto Receivables Trust	4.090%	01/15/2026	0.7%
Morgan Stanley	3.414%	02/14/2020	0.7%
Foursight Capital Automobile Receivables Trust 201	3.530%	04/17/2023	0.7%
Foursight Capital Automobile Receivables Trust 201	3.680%	08/15/2023	0.7%
Hudsons Bay Simon JV Trust	3.914%	08/05/2034	0.7%
CPS Auto Receivables Trust 2019-A	3.890%	12/16/2024	0.7%
Westlake Automobile Receivables Trust 2018-3	3.320%	10/16/2023	0.7%
Master Credit Card Trust	3.570%	07/21/2022	0.7%
Foursight Capital Automobile Receivables Trust 201	3.240%	09/15/2022	0.7%
DLL 2018-1 LLC	3.100%	04/18/2022	0.7%
BB-UBS Trust	3.430%	11/05/2036	0.7%
OneMain Financial Issuance Trust 2019-1	3.790%	02/14/2031	0.7%
Mercedes-Benz Master Owner Trust 2018-BA	2.849%	05/15/2023	0.7%
Chesapeake Funding II LLC	2.879%	08/15/2030	0.7%
Synchrony Credit Card Master Note Trust	2.640%	03/15/2023	0.7%
PFS Financing Corp.	2.890%	02/15/2023	0.7%
Bank of America Corp.	3.004%	12/20/2023	0.7%
Bank of The West Auto Trust 2017-1	2.110%	01/15/2023	0.7%
Morgan Stanley Bank of America Merrill Lynch Trust	3.277%	10/15/2030	0.6%
OneMain Financial Issuance Trust 2016-1A	3.660%	02/20/2029	0.6%
Caesars Palace Las Vegas Trust 2017-VICI	3.531%	10/15/2034	0.6%
Hilton Grand Vacations Trust 2018-A	3.540%	02/25/2032	0.6%
Westlake Automobile Receivables Trust 2018-3	2.980%	01/18/2022	0.6%
Morgan Stanley Capital Barclays Bank Trust 2016-MA	2.200%	09/13/2031	0.6%
SCF Equipment Leasing 2018-1 LLC	3.630%	10/20/2024	0.6%
Yara International ASA	7.875%	06/11/2019	0.6%
General Electric Co.	5.500%	01/08/2020	0.6%
Barclays Bank plc	10.179%	06/12/2021	0.6%
WFRBS Commercial Mortgage Trust 2014-C19	4.101%	03/15/2047	0.6%
General Motors Financial Co., Inc.	3.150%	06/30/2022	0.6%
Macquarie Group Ltd.	7.625%	08/13/2019	0.6%
Diamond Resorts Owner Trust 2018-1	4.190%	01/21/2031	0.6%
Towd Point Asset Trust 2018-SL1	3.106%	01/25/2046	0.5%
AmeriCredit Automobile Receivables Trust 2017-3	2.240%	06/19/2023	0.5%
COMM Mortgage Trust	3.612%	06/10/2046	0.5%
UBS-Barclays Commercial Mortgage Trust	3.244%	04/10/2046	0.5%
CFCRE Commercial Mortgage Trust 2018-TAN	4.236%	02/15/2033	0.5%
Caesars Palace Las Vegas Trust 2017-VICI	3.835%	10/15/2034	0.5%
COMM 2014-LC15 Mortgage Trust	4.006%	04/10/2047	0.5%
Entergy Corp.	5.125%	09/15/2020	0.5%
Continental Resources, Inc.	5.000%	09/15/2022	0.5%
BBCMS Trust	3.323%	09/10/2028	0.5%
JPMBB Commercial Mortgage Securities Trust	3.494%	01/15/2048	0.5%
Goldman Sachs Group, Inc.	3.618%	04/26/2022	0.5%
Cox Communications, Inc.	2.950%	06/30/2023	0.5%
FREMF 2012-K709 Mortgage Trust	3.739%	04/25/2045	0.5%
Navient Student Loan Trust 2017-2	3.560%	12/27/2066	0.5%
Glencore Finance Canada Ltd.	4.950%	11/15/2021	0.5%
Access Point Funding I 2017-1 LLC	3.060%	04/15/2029	0.5%
Capital One Multi-Asset Execution Trust	3.019%	09/16/2024	0.5%
American Express Credit Account Master Trust	2.959%	09/16/2024	0.5%
Discover Financial Services	5.200%	04/27/2022	0.5%
Newell Rubbermaid, Inc.	3.850%	04/01/2023	0.5%
Dollar Tree, Inc.	3.149%	04/17/2020	0.4%
SMB Private Education Loan Trust 2018-B	2.829%	12/16/2024	0.4%
Chesapeake Funding II LLC	1.910%	08/15/2029	0.4%
International Lease Finance Corp.	8.250%	12/15/2020	0.4%
Santander Drive Auto Receivables Trust 2016-1	4.020%	04/15/2022	0.4%
J.P. Morgan Chase Commercial Mortgage Securities T	2.798%	10/05/2031	0.4%
SLC Student Loan Trust 2008-1	4.388%	12/15/2032	0.4%
Chesapeake Funding II LLC	1.990%	05/15/2029	0.4%
Life Technologies Corp.	5.000%	01/15/2021	0.4%
PerkinElmer, Inc.	5.000%	11/15/2021	0.4%
GM Financial Consumer Automobile Receivables Trust	2.990%	03/16/2022	0.4%
SCF Equipment Leasing 2017-2 LLC	3.410%	12/20/2023	0.4%
VEREIT Operating Partnership L.P.	3.000%	02/06/2019	0.4%
Life Technologies Corp.	6.000%	03/01/2020	0.4%
Vodafone Group plc	3.750%	01/16/2024	0.4%
Macquarie Group Ltd.	6.000%	01/14/2020	0.4%
Engs Commercial Finance Trust 2018-1	2.970%	02/22/2021	0.4%
Tesoro Logistics L.P.	6.250%	10/15/2022	0.4%
Energy Transfer Partners LP / Regency Energy Finan	5.875%	03/01/2022	0.4%
Goldman Sachs Group, Inc.	5.750%	01/24/2022	0.4%
National Oilwell Varco, Inc.	2.600%	12/01/2022	0.3%
ONEOK Partners L.P.	8.625%	03/01/2019	0.3%
Time Warner Cable LLC	8.250%	04/01/2019	0.3%
Enbridge Energy Partners L.P.	9.875%	03/01/2019	0.3%
Caesars Palace Las Vegas Trust 2017-VICI	4.138%	10/15/2034	0.3%
Drive Auto Receivables Trust	5.150%	08/15/2022	0.3%
Aircastle Ltd.	4.400%	09/25/2023	0.3%
Healthcare Trust of America Holdings LP	3.700%	04/15/2023	0.3%
Motiva Enterprises LLC	5.750%	01/15/2020	0.3%
ACC Trust 2018-1	3.700%	12/21/2020	0.3%
California Republic Auto Receivables Trust	2.700%	09/15/2021	0.3%
Ford Credit Auto Owner Trust	2.190%	07/15/2022	0.3%
UBS-Barclays Commercial Mortgage Trust	2.850%	12/10/2045	0.3%
Goldman Sachs Group, Inc.	2.908%	06/05/2023	0.3%
Conn's Receivables Funding 2018-A LLC	3.250%	01/15/2023	0.3%
Kinder Morgan Energy Partners L.P.	6.850%	02/15/2020	0.3%
World Financial Network Credit Card Master Trust	2.660%	08/15/2024	0.3%
MSCG Trust	2.612%	06/07/2035	0.3%
World Financial Network Credit Card Master Trust	2.030%	04/15/2025	0.3%
Pennsylvania Electric Co.	5.200%	04/01/2020	0.3%
Shelter Growth CRE 2018-FL1 Issuer Ltd	3.509%	01/15/2035	0.3%
General Motors Financial Co., Inc.	3.200%	07/06/2021	0.3%
BX Commercial Mortgage Trust 2018-BIOA	3.180%	03/15/2037	0.3%
Willis North America, Inc.	7.000%	09/29/2019	0.3%
Macquarie Bank Ltd.	6.625%	04/07/2021	0.3%
GM Financial Consumer Automobile Receivables Trust	3.370%	08/16/2024	0.3%
Chesapeake Funding II LLC	2.110%	03/15/2028	0.3%
World Financial Network Credit Card Master Trust	3.340%	04/17/2023	0.3%
Morgan Stanley Bank of America Merrill Lynch Trust	4.064%	02/15/2047	0.3%
General Motors Financial Co., Inc.	4.200%	03/01/2021	0.3%
General Electric Co.	5.300%	02/11/2021	0.3%
WFRBS Commercial Mortgage Trust	4.869%	02/15/2044	0.3%
Duqesne Light Holdings, Inc.	6.400%	09/15/2020	0.3%
California Republic Auto Receivables Trust 2017-1	2.910%	12/15/2022	0.3%
Martin Marietta Materials, Inc.	2.960%	05/22/2020	0.3%
Santander Drive Auto Receivables Trust 2018-4	3.560%	07/15/2024	0.2%
Flagship Credit Auto Trust 2018-3	3.590%	12/16/2024	0.2%
J.P. Morgan Chase Commercial Mortgage Securities T	3.761%	07/15/2034	0.2%
General Electric Co.	3.236%	04/15/2020	0.2%
J.P. Morgan Chase Commercial Mortgage Securities T	4.649%	10/15/2032	0.2%
COMM Mortgage Trust	3.334%	06/10/2046	0.2%
U.S. Treasury Note/Bond	2.875%	10/31/2020	0.2%
ReadyCap Commercial Mortgage Trust 2018-4	3.390%	02/27/2051	0.2%
Exeter Automobile Receivables Trust 2017-3	2.810%	09/15/2022	0.2%
Jefferies Group LLC	6.875%	04/15/2021	0.2%
International Lease Finance Corp.	5.875%	08/15/2022	0.2%
Broadcom Corp. / Broadcom Cayman Finance Ltd.	2.650%	01/15/2023	0.2%
Drive Auto Receivables Trust	4.530%	08/15/2023	0.2%
HSBC USA, Inc.	9.300%	06/01/2021	0.2%
International Lease Finance Corp.	5.875%	04/01/2019	0.2%
ITC Holdings Corp.	5.500%	01/15/2020	0.2%
SCANA Corp.	6.250%	04/01/2020	0.2%
Great Wolf Trust 2017-WOLF	4.759%	09/15/2034	0.2%
SCANA Corp.	4.750%	05/15/2021	0.2%
BX Trust 2017-SLCT	3.909%	07/15/2034	0.2%
Puget Energy, Inc.	5.625%	07/15/2022	0.2%
JP Morgan Chase Commercial Mortgage Securities Cor	4.128%	07/05/2031	0.2%
World Financial Network Credit Card Master Trust	2.310%	08/15/2024	0.2%
U.S. Treasury Note	0.125%	04/15/2022	0.2%
PPL WEM Ltd./Western Power Distribution Ltd.	5.375%	05/01/2021	0.2%
JP Morgan Chase Commercial Mortgage Securities Tru	3.509%	06/15/2032	0.2%
World Financial Network Credit Card Master Trust	2.150%	04/17/2023	0.2%
Hilton Orlando Trust 2018-ORL	3.279%	12/15/2034	0.2%
HMH Trust 2017-NSS	3.787%	07/05/2031	0.2%
Glencore Funding LLC	3.125%	04/29/2019	0.2%
Wells Fargo Commercial Mortgage Trust 2018-C48	4.224%	01/15/2052	0.2%
American International Group, Inc.	4.125%	02/15/2024	0.2%
Liberty Property L.P.	4.750%	10/01/2020	0.2%
Buckeye Partners L.P.	5.500%	08/15/2019	0.2%
Enbridge Energy Partners L.P.	4.200%	09/15/2021	0.2%
WFRBS Commercial Mortgage Trust	4.756%	06/15/2045	0.2%
Florida Gas Transmission Co., LLC	7.900%	05/15/2019	0.2%
Northern Natural Gas	4.250%	06/01/2021	0.2%
UBS-Barclays Commercial Mortgage Trust	3.525%	05/10/2063	0.2%
Morgan Stanley Capital I Trust	3.773%	03/15/2045	0.2%
Diamond Resorts Owner Trust	3.080%	11/20/2028	0.2%
Hyundai Capital America	3.450%	03/12/2021	0.2%
Goldcorp, Inc.	3.625%	06/09/2021	0.2%
Drive Auto Receivables Trust	2.610%	08/16/2021	0.2%
WFRBS Commercial Mortgage Trust 2013-C18	3.896%	12/15/2046	0.2%
WFRBS Commercial Mortgage Trust 2012-C9	2.870%	11/15/2045	0.2%
J.P. Morgan Chase Commercial Mortgage Securities T	4.009%	10/05/2031	0.2%
J.P. Morgan Chase Commercial Mortgage Securities T	3.554%	10/05/2031	0.2%
BX Trust 2018-GW	3.309%	05/15/2035	0.2%
TCF Auto Receivables Owner Trust 2016-PT1	2.920%	10/17/2022	0.2%
Wells Fargo Commercial Mortgage Trust 2014-LC16	3.548%	08/15/2050	0.1%
Leucadia National Corp.	5.500%	10/18/2023	0.1%
Anadarko Petroleum Corp.	8.700%	03/15/2019	0.1%
Spectra Energy Partners L.P.	4.600%	06/15/2021	0.1%
Motel 6 Trust 2017-MTL6	4.659%	08/15/2034	0.1%
Woodside Finance Ltd.	4.600%	05/10/2021	0.1%
San Diego Gas & Electric Co	1.914%	02/01/2022	0.1%
UBS-Barclays Commercial Mortgage Trust	3.185%	03/10/2046	0.1%
Dominion Resources, Inc.	2.962%	07/01/2019	0.1%
FREMF Mortgage Trust	3.154%	04/25/2046	0.1%
J.P. Morgan Chase Commercial Mortgage Securities T	4.461%	07/15/2034	0.1%
Government National Mortgage Association	2.700%	08/16/2058	0.1%
J.P. Morgan Chase Commercial Mortgage Securities T	4.248%	07/05/2033	0.1%
Compass Bank	5.500%	04/01/2020	0.1%
Stonemont Portfolio Trust 2017-STONE	4.553%	08/20/2030	0.1%
Puget Energy, Inc.	6.000%	09/01/2021	0.1%
Drive Auto Receivables Trust	3.010%	11/15/2021	0.1%
Florida Gas Transmission Co., LLC	5.450%	07/15/2020	0.1%
NV Energy, Inc.	6.250%	11/15/2020	0.1%
Drive Auto Receivables Trust	3.720%	09/16/2024	0.1%
CarMax Auto Owner Trust	1.400%	08/15/2021	0.1%
Canadian Pacific Railway Co.	9.450%	08/01/2021	0.1%
MSCG Trust	3.348%	11/15/2034	0.1%
General Electric Co.	2.700%	10/09/2022	0.1%
EnCana Corp.	6.500%	05/15/2019	0.1%
FREMF Mortgage Trust	3.358%	05/25/2045	0.1%
Orange Lake Timeshare Trust 2015-A	2.880%	09/08/2027	0.1%
Ausgrid Finance Pty Ltd	3.850%	05/01/2023	0.1%
Government National Mortgage Association	3.000%	01/16/2048	0.1%
Royal Caribbean Cruises Ltd.	5.250%	11/15/2022	0.1%
World Financial Network Credit Card Master Trust	1.980%	06/15/2023	0.1%
Continental Resources, Inc.	4.500%	04/15/2023	0.1%
Senior Housing Properties Trust	3.250%	05/01/2019	0.1%
West Town Mall Trust 2017-KNOX	4.346%	07/05/2030	0.1%
Teva Pharmaceutical Finance Netherlands III BV	1.700%	07/19/2019	0.1%
Caesars Palace Las Vegas Trust 2017-VICI	0.393%	10/15/2034	0.1%
Cox Communications, Inc.	3.150%	08/15/2024	0.1%
West Town Mall Trust 2017-KNOX	4.346%	07/05/2030	0.1%
Government National Mortgage Association	2.750%	02/16/2058	0.1%
JP Morgan Chase Commercial Mortgage Securities Tru	4.609%	06/15/2032	0.1%
Government National Mortgage Association	2.700%	04/16/2057	0.1%
LSTAR Commercial Mortgage Trust	2.729%	04/20/2048	0.1%
BX Trust 2017-APPL	4.559%	07/15/2034	0.1%
QUALCOMM, Inc.	2.872%	05/20/2020	0.1%
BX Trust 2017-SLCT	4.559%	07/15/2034	0.1%
Discover Financial Services	10.250%	07/15/2019	0.1%
J.P. Morgan Chase Commercial Mortgage SecuritiesTr	4.509%	11/15/2035	0.1%
J.P. Morgan Chase Commercial Mortgage SecuritiesTr	4.209%	11/15/2035	0.1%
J.P. Morgan Chase Commercial Mortgage SecuritiesTr	3.859%	11/15/2035	0.1%
J.P. Morgan Chase Commercial Mortgage SecuritiesTr	3.529%	11/15/2035	0.1%
Dr. Pepper Snapple Group, Inc.	4.057%	05/25/2023	0.1%
Goldman Sachs Group, Inc.	2.876%	10/31/2022	0.1%
CarMax Auto Owner Trust 2017-3	2.220%	11/15/2022	0.1%
American Credit Acceptance Receivables Trust 2015-	4.840%	10/12/2021	0.1%
Jersey Central Power & Light Co.	4.700%	04/01/2024	0.1%
JPMBB Commercial Mortgage Securities Trust 2013-C1	4.133%	08/15/2046	0.1%
Texas Eastern Transmission L.P.	4.125%	12/01/2020	0.1%
Caesars Palace Las Vegas Trust 2017-VICI	4.354%	10/15/2034	0.1%
Chase Issuance Trust	2.770%	03/15/2023	0.1%
Vulcan Materials Co.	2.934%	06/15/2020	0.1%
Wells Fargo Commercial Mortgage Trust 2015-C26	2.991%	02/15/2048	0.1%
Vulcan Materials Co.	2.971%	03/01/2021	0.1%
J.P. Morgan Chase Commercial Mortgage Securities T	3.463%	07/05/2033	0.1%
Citigroup Commercial Mortgage Trust	2.944%	02/10/2048	0.1%
JP Morgan Chase Commercial Mortgage Securities Tru	3.809%	06/15/2032	0.1%
JP Morgan Chase Commercial Mortgage Securities Tru	4.109%	06/15/2032	0.1%
First Investors Auto Owner Trust	2.410%	12/15/2022	0.1%
First Investors Auto Owner Trust	2.720%	04/17/2023	0.1%
WFRBS Commercial Mortgage Trust 2012-C10	2.875%	12/15/2045	0.1%
Flagship Credit Auto Trust 2017-3	2.590%	07/15/2022	0.1%
SLIDE 2018-FUN	4.059%	06/15/2031	0.1%
SLIDE 2018-FUN	3.759%	06/15/2031	0.1%
SLIDE 2018-FUN	3.409%	06/15/2031	0.1%
Southern Copper Corp.	5.375%	04/16/2020	0.1%
Motel 6 Trust 2017-MTL6	3.909%	08/15/2034	0.1%
Nexen, Inc.	6.200%	07/30/2019	0.1%
UBS-Citigroup Commercial Mortgage Trust	3.595%	01/10/2045	0.1%
Bancorp Commercial Mortgage 2018-CRE3 Trust/The	3.359%	01/15/2033	0.1%
Morgan Stanley	4.875%	11/01/2022	0.1%
Lazard Group LLC	4.250%	11/14/2020	0.1%
Office Properties Income Trust	3.750%	08/15/2019	0.1%
Santander Drive Auto Receivables Trust 2017-2	2.790%	08/15/2022	0.1%
American Credit Acceptance Receivables Trust 2018-	2.720%	03/10/2021	0.1%
Associated Bank NA/Green Bay WI	3.500%	08/13/2021	0.0%
Drive Auto Receivables Trust	3.340%	09/15/2022	0.0%
Bank of America Corp.	2.328%	10/01/2021	0.0%
Vodafone Group plc	3.426%	01/16/2024	0.0%
General Electric Co.	3.150%	09/07/2022	0.0%
Holcim US Finance Sarl & Cie SCS	6.000%	12/30/2019	0.0%
Illinois, IL	4.950%	06/01/2023	0.0%
Roper Industries, Inc.	3.650%	09/15/2023	0.0%
Dr. Pepper Snapple Group, Inc.	3.200%	11/15/2021	0.0%
Government National Mortgage Association	2.750%	02/16/2058	0.0%
Government National Mortgage Association	2.750%	02/16/2058	0.0%
Santander Drive Auto Receivables Trust 2017-2	2.210%	10/15/2021	0.0%
Aircastle Ltd.	5.500%	02/15/2022	0.0%
W.R. Berkley Corp.	5.375%	09/15/2020	0.0%
Johnson Controls International plc	5.000%	03/30/2020	0.0%
Sunoco Logistics Partners L.P.	4.400%	04/01/2021	0.0%
Fresenius Medical Care US Finance II, Inc.	4.750%	10/15/2024	0.0%
Flagship Credit Auto Trust 2017-4	2.070%	04/15/2022	0.0%
Trimble Navigation Ltd.	4.150%	06/15/2023	0.0%
Sempra Energy	2.936%	01/15/2021	0.0%
E*TRADE Financial Corp.	2.950%	08/24/2022	0.0%
General Electric Co.	3.100%	01/09/2023	0.0%
Government National Mortgage Association	2.600%	07/16/2058	0.0%
Aircastle Ltd.	7.625%	04/15/2020	0.0%
Celanese US Holdings LLC	5.875%	06/15/2021	0.0%
Pioneer Natural Resources Co.	7.500%	01/15/2020	0.0%
PNM Resources, Inc.	3.250%	03/09/2021	0.0%
Columbia Pipeline Group, Inc.	3.300%	06/01/2020	0.0%
Bank of America Corp.	2.369%	07/21/2021	0.0%
Bayer US Finance II LLC	2.750%	07/15/2021	0.0%
RPI Finance Trust	3.869%	05/04/2022	0.0%
First Investors Auto Owner Trust	2.000%	03/15/2022	0.0%
Express Scripts Holding Co.	4.750%	11/15/2021	0.0%
CNH Capital LLC	4.375%	04/05/2022	0.0%
Equifax, Inc.	3.600%	08/15/2021	0.0%
Glencore Funding LLC	4.125%	05/30/2023	0.0%
General Electric Co.	3.450%	05/15/2024	0.0%
American Honda Finance Corp.	1.650%	07/12/2021	0.0%
Willis Group Holdings	5.750%	03/15/2021	0.0%
Aircastle Ltd.	5.125%	03/15/2021	0.0%
CNH Capital LLC	4.875%	04/01/2021	0.0%
Aircastle Ltd.	5.000%	04/01/2023	0.0%
TransAlta Corp.	4.500%	11/15/2022	0.0%
Phillips 66	2.911%	02/26/2021	0.0%
General Electric Co.	3.375%	03/11/2024	0.0%
Ascentium Equipment Receivables 2017-1 Trust	2.290%	06/10/2021	0.0%
Commercial Mortgage Backed Index Swap	2.000%	05/11/2063	0.0%
AmeriCredit Automobile Receivables Trust 2017-3	1.690%	12/18/2020	0.0%
Commercial Mortgage Backed Index Swap	1.500%	05/11/2063	0.0%
Commercial Mortgage Backed Index Swap	1.500%	05/11/2063	0.0%
Williams Cos., Inc.	7.875%	09/01/2021	0.0%
SCANA Corp.	4.125%	02/01/2022	0.0%
Kinder Morgan Energy Partners L.P.	2.650%	02/01/2019	0.0%
Commercial Mortgage Backed Index Swap	2.000%	05/11/2063	0.0%
Commercial Mortgage Backed Index Swap	1.500%	05/11/2063	0.0%
US 2YR NOTE (CBT) MAR19	0.000%	04/03/2019	0.0%
US 5YR NOTE (CBT) MAR19	0.000%	04/03/2019	0.0%

Dividends & Cap Gains

DIVIDEND PAYMENTS

For

YTD Dividends Paidas of 03/22/2019: $0.036
Dividend Frequency: Monthly (Daily Accrual)

Record Date	Ex-Dividend Date	Reinvest & Payable Date	Dividend	Reinvest Price
Daily	Daily	02/28/2019	$0.01850	$9.78
Daily	Daily	01/31/2019	$0.01776	$9.78

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	03/31/2019
Daily	Daily	04/30/2019
Daily	Daily	05/31/2019
Daily	Daily	06/30/2019
Daily	Daily	07/31/2019
Daily	Daily	08/31/2019
Daily	Daily	09/30/2019
Daily	Daily	10/31/2019
Daily	Daily	11/30/2019
Daily	Daily	12/31/2019

Fees & Expenses

EXPENSE RATIOas of 02/28/2019

Fund Gross Expense Ratio	Fund Net Expense Ratio
3.90%	1.39%

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 03/31/2019. 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 Documents

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

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

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 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 C - Class C shares are subject to ongoing 12b-1 service and distribution fees as well as a maximum CDSC of 1 percent if you redeem your shares before the first anniversary of your original purchase.

Class C shares are only offered to certain eligible investors. For additional information, see the Fund’s current prospectus.

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. 1 to 3 Year Government/Credit Index is an unmanaged index that is designed to represent a combination of the Government Bond Index and the Corporate Bond Index, and includes U.S. government Treasury and agency securities, corporate bonds, and Yankee bonds with maturities of 1 to 3 years.

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.

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Summary

Summary

What is the Short Duration Core Bond Fund ?

EXPERIENCED, TENURED TEAM

HIGH QUALITY, LOW DURATION

LOW EXPENSES

Yield

Dividend Yield as of 03/22/2019

30-Day Standardized Yield as of 02/28/2019

Fund Basicsas of 02/28/2019

CREDIT QUALITY DISTRIBUTION as of 02/28/2019 View Portfolio

INVESTMENT TEAM

Your Representative

Performance

Performance

Dividend Yield 1 as of 03/22/2019

30-Day Standardized Yield 2 as of 02/28/2019

Fund Expense Ratio :

Gross 3.90%

Net 1.39%

Fund Expense Ratio :

Gross 3.90%

Net 1.39%

Fund Expense Ratio :

Gross 3.90%

Net 1.39%

Fund Expense Ratio :

Gross 3.90%

Net 1.39%

NAV Historical Prices

Portfolio

Portfolio

CREDIT QUALITY DISTRIBUTION as of 02/28/2019

Portfolio Positioning as of 12/31/2018

Portfolio Details as of 02/28/2019

Dividends & Cap Gains

Dividends & Cap Gains

DIVIDEND PAYMENTS

DIVIDEND PAYMENTS

Upcoming Dividend Payment Dates

Fees & Expenses

Fees & Expenses

EXPENSE RATIOas of 02/28/2019

Fund Documents

Fund Documents

Coming Soon.......

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Dividend Yield ¹ as of 03/22/2019

30-Day Standardized Yield ² as of 02/28/2019