Ultra Short Bond Fund

LUBVX

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Daily price w/o sales charge as of 07/23/2021

$10.03

$0.00

YTD Returns w/o sales charge as of 07/23/2021

0.18%

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Summary

What is the Ultra Short Bond Fund ?

The Fund seeks to deliver current income consistent with the preservation of capital by investing in a broad range of investment grade ultra-short fixed income and money market securities with a weighted average duration of less than one year.

Yield

7 Day Yield ^1,4 as of 07/23/2021

w/o sales charge

0.53%

30-Day Standardized Yield ² as of 06/30/2021

0.33%

Fund Basicsas of 06/30/2021

Total Net Assets: $18.38 B
Inception Date: 10/17/2016
Dividend Frequency: Monthly
Fund Expense Ratio: 0.29%
Number of Holdings: 496

Fund Expense Ratio :

0.29%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 10/17/2016

w/o sales charge	0.15%	0.57%	1.82%	-	-	1.76%
Lipper Category Avg. Ultra-Short Obligations Funds	0.23%	1.01%	1.82%	-	-	-
ICE BofA U.S. Treasury Bill Index	0.03%	0.10%	1.40%	-	-	1.25%

Fund Expense Ratio :

0.29%

Fund Expense Ratio :

0.29%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 10/17/2016

w/o sales charge	0.15%	0.57%	1.82%	-	-	1.76%
Lipper Category Avg. Ultra-Short Obligations Funds	0.23%	1.01%	1.82%	-	-	-
ICE BofA U.S. Treasury Bill Index	0.03%	0.10%	1.40%	-	-	1.25%

Fund Expense Ratio :

0.29%

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.

Credit Quality Distribution as of 06/30/2021 View Portfolio

Rating	Assets
A-2/P-2
A-3/P-3
U.S. Treasury
AAA
AA
A
BBB
<BBB
Not Rated

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

INVESTMENT TEAM

Yoana N. Koleva, CFA

Managing Director, Portfolio Manager

17 Years of Industry Experience

Andrew H. O'Brien, CFA

Partner & Portfolio Manager

22 Years of Industry Experience

Kewjin Yuoh

Partner & Portfolio Manager

26 Years of Industry Experience

Adam C. Castle, CFA

Managing Director, Portfolio Manager

12 Years of Industry Experience

Supported By 63 Investment Professionals with 16 Years Avg. Industry Experience

Your Representative

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

Performance

NAV HISTORICAL PRICES

Date	Net Asset Value

Fund Expense Ratio :

0.29%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 10/17/2016

w/o sales charge	0.15%	0.57%	1.82%	-	-	1.76%
Lipper Category Avg. Ultra-Short Obligations Funds	0.23%	1.01%	1.82%	-	-	-
ICE BofA U.S. Treasury Bill Index	0.03%	0.10%	1.40%	-	-	1.25%

Fund Expense Ratio :

0.29%

Fund Expense Ratio :

0.29%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 10/17/2016

w/o sales charge	0.15%	0.57%	1.82%	-	-	1.76%
Lipper Category Avg. Ultra-Short Obligations Funds	0.23%	1.01%	1.82%	-	-	-
ICE BofA U.S. Treasury Bill Index	0.03%	0.10%	1.40%	-	-	1.25%

Fund Expense Ratio :

0.29%

Year	Fund Returns	ICE BofA U.S. Treasury Bill Index

2020	1.26%	0.74%
2019	2.99%	2.35%
2018	2.10%	1.88%
2017	1.60%	0.82%
2016	0.19%	0.37%

Year	Q1	Q2	Q3	Q4	Yearly Returns

2021	0.02%	0.13%	-	-	0.18%
2020	-1.31%	2.18%	0.29%	0.13%	1.26%
2019	1.00%	0.78%	0.63%	0.56%	2.99%
2018	0.36%	0.67%	0.61%	0.44%	2.10%
2017	0.40%	0.44%	0.37%	0.39%	1.60%
2016	-	-	-	-	0.19%

Portfolio

Type	Assets
Corp Floating
Corp Fixed Rate
ABS
CLO
Commercial Paper
CMBS
Bank Loans
U.S. Government Related
Sovereign
MBS
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

CREDIT QUALITY DISTRIBUTION as of 06/30/2021

Rating	Assets
A-2/P-2
A-3/P-3
U.S. Treasury
AAA
AA
A
BBB
<BBB
Not Rated

Portfolio Positioning as of 3/31/2021

The primary shift in portfolio positioning over the period was from commercial paper to corporate fixed rate paper. The portfolio’s commercial paper allocation has decreased as available supply has weakened. The corporate floating rate allocation has also decreased as we believe there is less incentive to own rate protection via floaters as short-term rates are expected to remain lower for longer.
We added exposure to both commercial mortgage-backed securities (CMBS) and collateralized loan obligations (CLO). Within these asset classes we have found attractive risk-adjusted carry relative to other fixed income sectors. We believe that these sectors are sensitive to and will benefit from the return to normalcy in the economy.
Overall, the portfolio remains high-quality, short-term and very liquid. We continue to focus on maintaining a high degree of liquidity in the portfolio, which should allow us to continue to take advantage of attractive opportunities in the front-end markets.

Portfolio Details as of 06/30/2021

Total Net Assets: $18.38 B
Number of Issues: 496
Average Coupon: 1.48%
Average Life: 1.14 Years
Average Effective Duration: 0.55 Years

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

Holding	Coupon	Maturity	Assets

United States Treasury Bill	0.000%	07/29/2021	2.3%
Morgan Stanley	0.710%	01/20/2023	1.6%
Goldman Sachs Group Inc/The	0.992%	10/31/2022	1.1%
Morgan Stanley	1.152%	07/22/2022	1.0%
UBS AG/Stamford CT	7.625%	08/17/2022	1.0%
Boeing Co	0.000%	02/06/2022	0.9%
Volkswagen Group of America Finance LLC	0.000%	11/08/2021	0.9%
AT&T Inc	0.000%	12/14/2021	0.8%
SCF Equipment Leasing 2021-1 LLC	0.420%	08/20/2026	0.8%
Saudi Government International Bond	2.375%	10/26/2021	0.8%

% of Total Assets			11.2%

Holding	Coupon	Maturity	Assets

United States Treasury Bill	0.000%	07/29/2021	2.3%
Morgan Stanley	0.710%	01/20/2023	1.6%
Goldman Sachs Group Inc/The	0.992%	10/31/2022	1.1%
Morgan Stanley	1.152%	07/22/2022	1.0%
UBS AG/Stamford CT	7.625%	08/17/2022	0.9%
Boeing Co	0.000%	02/06/2022	0.9%
Volkswagen Group of America Finance LLC	0.000%	11/08/2021	0.8%
AT&T Inc	0.000%	12/14/2021	0.8%
SCF Equipment Leasing 2021-1 LLC	0.420%	08/20/2026	0.8%
Saudi Government International Bond	2.375%	10/26/2021	0.7%
Canadian Imperial Bank of Commerce	0.853%	03/17/2023	0.7%
Honda Auto Receivables 2020-3 Owner Trust	0.270%	02/21/2023	0.7%
Goldman Sachs Group Inc/The	0.925%	02/23/2023	0.7%
PNC Bank NA	0.672%	07/22/2022	0.7%
Wells Fargo Bank NA	0.890%	09/09/2022	0.7%
Toyota Auto Receivables 2020-D Owner Trust	0.230%	05/15/2023	0.7%
Nissan Auto Lease Trust 2020-B	0.340%	12/15/2022	0.6%
GM Financial Consumer Automobile Receivables Trust	0.260%	11/16/2023	0.6%
Intercontinental Exchange Inc	0.867%	06/15/2023	0.6%
Bank of Montreal	0.690%	03/10/2023	0.6%
World Financial Network Credit Card Master Trust	2.210%	07/15/2026	0.6%
Dow Chemical Co/The	0.000%	06/01/2021	0.6%
PFP 2021-7 Ltd	0.951%	04/14/2038	0.6%
Dell International LLC / EMC Corp.	5.450%	06/15/2023	0.6%
Synchrony Card Funding LLC	2.950%	03/15/2025	0.5%
Daimler Finance North America LLC	0.865%	11/05/2021	0.5%
BMW Vehicle Lease Trust 2021-1	0.290%	01/25/2024	0.5%
Macquarie Bank Ltd	0.441%	12/16/2022	0.5%
Barclays plc	4.610%	02/15/2023	0.5%
Royal Bank of Canada	0.583%	01/17/2023	0.5%
MET Tower Global Funding	0.550%	07/13/2022	0.5%
AbbVie Inc	0.641%	11/19/2021	0.5%
Ford Credit Auto Owner Trust 2020-C	0.250%	09/15/2023	0.5%
Toyota Motor Credit Corp	1.150%	05/26/2022	0.5%
Cox Communications Inc	3.250%	12/15/2022	0.5%
Danske Bank A/S	5.000%	01/12/2022	0.5%
US Bank NA/Cincinnati OH	0.630%	12/09/2022	0.5%
Volkswagen Auto Lease Trust 2020-A	0.270%	04/20/2023	0.5%
Macquarie Bank Ltd	0.626%	11/24/2021	0.5%
PNC Bank NA	0.501%	02/24/2023	0.5%
Donlen Fleet Lease Funding 2 LLC	0.560%	12/11/2034	0.5%
Westlake Automobile Receivables Trust 2021-1	0.950%	03/16/2026	0.5%
Mitsubishi UFJ Financial Group Inc	2.623%	07/18/2022	0.5%
Toronto-Dominion Bank/The	0.000%	06/03/2021	0.5%
AbbVie Inc	3.450%	03/15/2022	0.5%
Royal Bank of Canada	0.474%	10/26/2023	0.5%
AIB Group PLC	4.750%	10/12/2023	0.5%
UBS AG/London	1.750%	04/21/2022	0.5%
UniCredit SpA	7.830%	12/04/2023	0.4%
Goldman Sachs Group Inc/The	2.876%	10/31/2022	0.4%
L3Harris Technologies Inc	0.980%	03/10/2023	0.4%
Natwest Group PLC	3.498%	05/15/2023	0.4%
BAT Capital Corp	1.074%	08/15/2022	0.4%
Danske Bank A/S	3.001%	09/20/2022	0.4%
Comcast Hulu Holdings LLC	0.000%	03/15/2024	0.4%
Alexandria Real Estate Equities, Inc.	0.000%	06/02/2021	0.4%
American Express Co	2.500%	08/01/2022	0.4%
Textron Inc	5.950%	09/21/2021	0.4%
AbbVie Inc	0.832%	11/21/2022	0.4%
Synchrony Card Issuance Trust	3.380%	09/15/2024	0.4%
AT&T Inc	0.000%	12/16/2021	0.4%
LYB International Finance III LLC	1.238%	10/01/2023	0.4%
Goldman Sachs Group Inc/The	0.481%	01/27/2023	0.4%
Morgan Stanley	0.529%	01/25/2024	0.4%
American Express Co	2.750%	05/20/2022	0.4%
National Australia Bank Ltd	0.630%	12/13/2022	0.4%
Metropolitan Life Global Funding I	0.603%	01/13/2023	0.4%
American Express Co	0.795%	11/05/2021	0.4%
Barclays Bank plc	10.179%	06/12/2021	0.4%
American Honda Finance Corp	0.773%	06/27/2022	0.4%
Octagon Investment Partners 30 Ltd	1.188%	03/17/2030	0.4%
Danske Bank A/S	0.000%	08/06/2021	0.4%
Bank of Nova Scotia/The	0.608%	09/15/2023	0.4%
Regatta Funding LP 2013-2A	1.034%	01/15/2029	0.4%
Westlake Automobile Receivables Trust 2020-2	0.930%	02/15/2024	0.4%
Macquarie Bank Ltd	0.643%	08/06/2021	0.4%
PNC Bank NA	0.660%	12/09/2022	0.4%
DTE Energy Co	0.550%	11/01/2022	0.4%
Pagaya AI Debt Selection Trust 2021-1	1.180%	11/15/2027	0.4%
Toronto-Dominion Bank/The	0.505%	07/30/2021	0.4%
Daimler Finance North America LLC	1.094%	02/15/2022	0.4%
Madison Park Funding X Ltd	1.198%	01/20/2029	0.4%
Wells Fargo & Co	2.625%	07/22/2022	0.4%
GM Financial Automobile Leasing Trust 2020-3	0.350%	11/21/2022	0.4%
Standard Chartered plc	4.247%	01/20/2023	0.3%
TCW CLO 2019-1 AMR Ltd	1.130%	02/15/2029	0.3%
Standard Chartered plc	1.334%	01/20/2023	0.3%
KeyBank NA/Cleveland OH	0.865%	02/01/2022	0.3%
Hyundai Auto Lease Securitization Trust 2021-A	0.330%	01/16/2024	0.3%
Enel Finance International NV	2.875%	05/25/2022	0.3%
Delos Finance Sarl	4.081%	10/06/2023	0.3%
Toronto-Dominion Bank/The	0.721%	12/01/2022	0.3%
Madison Park Funding XI Ltd	1.073%	07/23/2029	0.3%
Octagon Investment Partners XIV Ltd	1.134%	07/15/2029	0.3%
BlueMountain Fuji US Clo I Ltd	1.168%	07/20/2029	0.3%
General Motors Co	4.875%	10/02/2023	0.3%
Apidos CLO XXIV	1.138%	10/20/2030	0.3%
Raytheon Technologies Corp	2.800%	03/15/2022	0.3%
Florida Power & Light Co	0.599%	07/28/2023	0.3%
Nutrition & Biosciences	0.000%	01/17/2023	0.3%
Affirm Asset Securitization Trust 2021-A	0.880%	08/15/2025	0.3%
Galaxy XXIII CLO Ltd	1.046%	04/24/2029	0.3%
Skandinaviska Enskilda Banken AB	0.865%	12/12/2022	0.3%
Truist Bank	0.782%	05/17/2022	0.3%
Standard Chartered plc	1.430%	09/10/2022	0.3%
ING Groep NV	1.401%	03/29/2022	0.3%
BMW US Capital LLC	0.698%	08/13/2021	0.3%
VASA Trust 2021-VASA	1.001%	07/15/2039	0.3%
General Motors Financial Co Inc	0.000%	06/01/2021	0.3%
Nordea Bank Abp	4.250%	09/21/2022	0.3%
Morgan Stanley	5.500%	07/28/2021	0.3%
Becton Dickinson and Co	1.255%	06/06/2022	0.3%
WFRBS Commercial Mortgage Trust	3.431%	06/15/2045	0.3%
Goldman Sachs Group Inc/The	0.556%	11/17/2023	0.3%
Natwest Group PLC	1.664%	05/15/2023	0.3%
CommonSpirit Health	0.000%	06/09/2021	0.3%
N/A	0.000%	06/15/2039	0.3%
Wells Fargo & Co	1.240%	07/26/2021	0.3%
Eastern Energy Gas Holdings LLC	0.817%	06/15/2021	0.3%
Reckitt Benckiser Treasury Services PLC	0.798%	06/24/2022	0.3%
BXMT 2020-FL2 LTD	1.001%	02/15/2038	0.3%
Tesla Auto Lease Trust 2019-A	2.160%	10/20/2022	0.3%
OCTAGON INVESTMENT PARTNERS 31 LLC	1.238%	07/20/2030	0.3%
Galaxy XIX CLO Ltd	1.126%	07/24/2030	0.3%
TCI-Flatiron Clo 2017-1 Ltd	1.116%	11/18/2030	0.3%
World Financial Network Credit Card Master Trust	3.140%	12/15/2025	0.3%
AerCap Ireland Capital DAC / AerCap Global Aviatio	4.875%	01/16/2024	0.3%
JPMorgan Chase & Co	2.776%	04/25/2023	0.3%
Dell Equipment Finance Trust 2020-2	0.570%	10/23/2023	0.3%
Caterpillar Financial Services Corp.	0.368%	11/12/2021	0.3%
ONE 2021-PARK Mortgage Trust	0.801%	03/15/2036	0.3%
Hyundai Auto Lease Securitization Trust 2020-B	0.360%	01/17/2023	0.3%
Air Lease Corp	3.750%	02/01/2022	0.3%
BXMT 2021-FL4 Ltd	1.151%	05/15/2038	0.3%
Madison Park Funding XXXV Ltd	1.178%	04/20/2032	0.3%
Bain Capital Credit Clo 2016-2 Ltd	1.154%	01/15/2029	0.3%
BMW US Capital LLC	0.764%	04/14/2022	0.3%
World Omni Automobile Lease Securitization Trust 2	0.320%	09/15/2023	0.3%
Swedbank AB	2.800%	03/14/2022	0.3%
Sumitomo Mitsui Financial Group, Inc.	2.784%	07/12/2022	0.3%
Aircastle Ltd	5.500%	02/15/2022	0.3%
Ready Capital Mortgage Financing 2021-FL5 LLC	1.092%	04/25/2038	0.3%
UBS Group AG	2.650%	02/01/2022	0.3%
NextEra Energy Capital Holdings, Inc.	0.740%	08/28/2021	0.3%
Walgreens Boots Alliance Inc	0.000%	06/03/2021	0.3%
Honda Auto Receivables 2020-3 Owner Trust	0.370%	10/18/2024	0.2%
MUFG Union Bank NA	0.825%	03/07/2022	0.2%
Citigroup Inc	1.178%	04/25/2022	0.2%
Drive Auto Receivables Trust 2019-4	2.230%	01/16/2024	0.2%
BMW Finance NV	0.991%	08/12/2022	0.2%
DNB Bank ASA	0.808%	12/02/2022	0.2%
Royal Bank of Canada	0.584%	07/08/2021	0.2%
Bank of Montreal	0.630%	09/10/2021	0.2%
ONE Gas Inc	0.787%	03/11/2023	0.2%
Walgreens Boots Alliance Inc	0.000%	06/02/2021	0.2%
Intercontinental Exchange Inc	0.000%	09/23/2021	0.2%
American Express Co	0.802%	05/20/2022	0.2%
Volkswagen Auto Lease Trust 2020-A	0.390%	01/22/2024	0.2%
BX Commercial Mortgage Trust 2021-VINO	0.762%	05/15/2038	0.2%
Hess Corporation	0.000%	03/16/2023	0.2%
Bank of Ireland Group PLC	4.500%	11/25/2023	0.2%
McDonald's Corp	0.649%	10/28/2021	0.2%
Wells Fargo & Co	3.500%	03/08/2022	0.2%
Life 2021-BMR Mortgage Trust	0.801%	03/15/2038	0.2%
Carvana Auto Receivables Trust 2021-N1	1.090%	01/10/2028	0.2%
Westpac Banking Corp	0.615%	01/13/2023	0.2%
N/A	0.000%	06/15/2039	0.2%
General Motors Financial Co Inc	5.100%	01/17/2024	0.2%
Wells Fargo & Co	2.100%	07/26/2021	0.2%
Atrium IX	1.181%	05/28/2030	0.2%
Hyundai Capital America	0.800%	01/08/2024	0.2%
Gilead Sciences Inc	0.771%	09/29/2023	0.2%
Tesla Auto Lease Trust 2021-A	0.560%	03/20/2025	0.2%
GS Mortgage Securities Corp II	1.300%	05/15/2026	0.2%
Ford Credit Auto Owner Trust 2020-B	0.500%	02/15/2023	0.2%
Madison Park Funding XVII Ltd	1.186%	07/21/2030	0.2%
Mortgage Repurchase Agreement Financing Trust	0.595%	03/10/2022	0.2%
Boeing Co/The	1.167%	02/04/2023	0.2%
General Motors Financial Co Inc	3.200%	07/06/2021	0.2%
AutoNation Inc	0.000%	06/01/2021	0.2%
Encina Equipment Finance 2021-1 LLC	0.500%	09/15/2025	0.2%
Barings CLO Ltd 2019-III	1.192%	04/20/2031	0.2%
Carmax Auto Owner Trust 2019-2	2.680%	03/15/2024	0.2%
LMREC 2021-CRE4 LLC	1.160%	04/22/2037	0.2%
HPEFS Equipment Trust	0.650%	07/22/2030	0.2%
Lennar Corp	5.875%	11/15/2024	0.2%
Hilton Orlando Trust 2018-ORL	1.021%	12/15/2034	0.2%
Welltower Inc	0.000%	04/01/2022	0.2%
UBS Group AG	1.706%	02/01/2022	0.2%
Mondelez International Inc	0.625%	07/01/2022	0.2%
Duke Energy Progress LLC	0.369%	02/18/2022	0.2%
Protective Life Global Funding	0.753%	06/28/2021	0.2%
New York Life Global Funding	0.630%	07/12/2022	0.2%
Cedar Funding XI Clo Ltd	0.000%	05/29/2032	0.2%
Bank of America Corp	0.901%	06/25/2022	0.2%
Otis Worldwide Corp	0.688%	04/05/2023	0.2%
Credit Suisse AG/New York NY	2.800%	04/08/2022	0.2%
7-Eleven Inc	0.612%	08/10/2022	0.2%
Dell Equipment Finance Trust 2020-2	0.470%	10/24/2022	0.2%
Chesapeake Funding II LLC	0.581%	01/15/2031	0.2%
Volkswagen Group of America Finance LLC	0.750%	11/23/2022	0.2%
Volkswagen Group of America Finance LLC	1.098%	09/24/2021	0.2%
Glencore Funding LLC	4.625%	04/29/2024	0.2%
Tapestry Inc	3.000%	07/15/2022	0.2%
Freddie Mac Structured Agency Credit Risk Debt Not	0.810%	08/25/2033	0.2%
Glencore Funding LLC	4.125%	03/12/2024	0.2%
First National Master Note Trust 2018-1	0.561%	10/15/2024	0.2%
Ford Motor Credit Co LLC	1.104%	10/12/2021	0.2%
JPMorgan Chase & Co	1.448%	10/24/2023	0.2%
Standard Chartered plc	1.281%	10/14/2023	0.2%
Citigroup Inc	1.392%	08/02/2021	0.2%
Danske Bank A/S	1.171%	12/08/2023	0.2%
Stellantis NV	5.250%	04/15/2023	0.2%
Saudi Arabian Oil Co	2.875%	04/16/2024	0.2%
Citizens Bank NA/Providence RI	0.874%	02/14/2022	0.2%
Dominion Energy Inc	0.747%	09/15/2023	0.2%
Bank of America Corp	3.300%	01/11/2023	0.2%
Australia & New Zealand Banking Group Ltd.	0.672%	11/21/2022	0.2%
GM Financial Consumer Automobile Receivables Trust	0.230%	11/16/2023	0.2%
Cigna Corp	1.074%	07/15/2023	0.2%
Intesa Sanpaolo SpA	5.250%	01/12/2024	0.2%
Santander Consumer Auto Receivables Trust 2021-A	0.230%	11/15/2023	0.2%
Mercedes-Benz Auto Receivables Trust 2020-1	0.460%	03/15/2023	0.2%
Citigroup Inc	0.880%	11/04/2022	0.2%
World Financial Network Credit Card Master Trust	3.460%	07/15/2025	0.2%
Apidos CLO XXXI	1.255%	04/15/2031	0.2%
Freddie Mac STACR REMIC Trust 2021-HQA1	0.710%	08/25/2033	0.2%
Diageo Investment Corp	8.000%	09/15/2022	0.2%
Toyota Auto Receivables 2020-C Owner Trust	0.360%	02/15/2023	0.2%
General Motors Financial Co Inc	4.200%	11/06/2021	0.2%
Credit Suisse Group AG	3.574%	01/09/2023	0.2%
BA Credit Card Trust	3.100%	12/15/2023	0.2%
GM Financial Automobile Leasing Trust 2020-3	0.450%	08/21/2023	0.2%
KAYNE CLO I Ltd	1.164%	07/15/2031	0.2%
GM Financial Consumer Automobile Receivables Trust	2.650%	02/16/2024	0.2%
JPMorgan Chase & Co	1.241%	01/15/2023	0.2%
Enel Finance America LLC	0.000%	02/04/2022	0.2%
Ford Credit Auto Lease Trust 2020-B	0.500%	12/15/2022	0.2%
ABN Amro Bank NV	0.760%	08/27/2021	0.2%
Hyundai Auto Lease Securitization Trust 2020-B	0.510%	09/15/2023	0.2%
Drive Auto Receivables Trust 2021-1	0.440%	11/15/2024	0.1%
Atmos Energy Corp	0.565%	03/09/2023	0.1%
Barclays plc	3.684%	01/10/2023	0.1%
Standard Chartered plc	3.950%	01/11/2023	0.1%
AT&T Inc	0.650%	03/25/2024	0.1%
Citigroup Inc	3.142%	01/24/2023	0.1%
Arbor Realty Commercial Real Estate Notes 2018-FL1	1.251%	06/15/2028	0.1%
American Electric Power Co Inc	0.685%	11/01/2023	0.1%
Goldman Sachs Group Inc/The	5.750%	01/24/2022	0.1%
Lennar Corp	4.750%	11/15/2022	0.1%
Santander Consumer Auto Receivables Trust 2021-A	0.330%	10/15/2025	0.1%
CenterPoint Energy Inc	0.660%	05/13/2024	0.1%
Macquarie Group Ltd	1.210%	11/28/2023	0.1%
Barclays Bank plc	1.700%	05/12/2022	0.1%
AerCap Ireland Capital DAC / AerCap Global Aviatio	4.500%	09/15/2023	0.1%
Carlyle Global Market Strategies CLO 2015-1 Ltd	1.135%	07/20/2031	0.1%
Royal Bank of Canada	0.330%	01/19/2024	0.1%
Salesforce.Com Inc	0.000%	12/23/2023	0.1%
CIT Group Inc	4.750%	02/16/2024	0.1%
Fifth Third Bank NA	0.655%	07/26/2021	0.1%
Santander Consumer Auto Receivables Trust 2020-B	0.460%	08/15/2024	0.1%
Bayer US Finance II LLC	0.881%	06/25/2021	0.1%
Synovus Bank/Columbus GA	2.289%	02/10/2023	0.1%
Lennar Corp	4.500%	04/30/2024	0.1%
Credit Suisse Group AG	4.207%	06/12/2024	0.1%
GS Mortgage Securities Corp Trust 2021-RENT	0.797%	11/21/2035	0.1%
CIFC Funding Ltd	0.000%	07/15/2033	0.1%
Santander Retail Auto Lease Trust 2021-A	0.920%	03/20/2026	0.1%
PFS Financing Corp	0.930%	08/15/2024	0.1%
Danske Bank A/S	5.375%	01/12/2024	0.1%
American Credit Acceptance Receivables Trust 2020-	0.620%	10/13/2023	0.1%
Encina Equipment Finance 2021-1 LLC	0.740%	12/15/2026	0.1%
Nissan Auto Receivables 2019-A Owner Trust	2.900%	10/16/2023	0.1%
TD Ameritrade Holding Corp	0.635%	11/01/2021	0.1%
Emera US Finance LP	2.700%	06/15/2021	0.1%
Morgan Stanley	1.618%	10/24/2023	0.1%
Time Warner Cable LLC	4.000%	09/01/2021	0.1%
NatWest Markets PLC	0.540%	08/12/2024	0.1%
Caterpillar Financial Services Corp.	0.414%	01/06/2022	0.1%
John Deere Capital Corp	0.710%	06/13/2022	0.1%
American Honda Finance Corp	0.571%	06/11/2021	0.1%
Truist Bank	0.741%	03/09/2023	0.1%
IHS Markit Ltd	5.000%	11/01/2022	0.1%
BP Capital Markets plc	2.500%	11/06/2022	0.1%
Sumitomo Mitsui Financial Group, Inc.	2.846%	01/11/2022	0.1%
Marlette Funding Trust 2021-1	0.600%	06/16/2031	0.1%
Indonesia Government International Bond	4.450%	02/11/2024	0.1%
Tesla Auto Lease Trust 2021-A	1.020%	03/20/2025	0.1%
Pacific Gas and Electric Co	1.367%	03/10/2023	0.1%
Honeywell International Inc	0.563%	08/08/2022	0.1%
HGI CRE CLO 2021-FL1 Ltd	1.160%	06/16/2036	0.1%
Nasdaq Inc	0.445%	12/21/2022	0.1%
Ally Financial Inc	4.625%	05/19/2022	0.1%
Hyundai Auto Lease Securitization Trust 2021-A	0.250%	04/17/2023	0.1%
GATX Corp	0.915%	11/05/2021	0.1%
Ford Credit Auto Owner Trust 2017-REV1	2.620%	08/15/2028	0.1%
Credit Suisse Group AG	2.997%	12/14/2023	0.1%
Citigroup Inc	1.296%	12/08/2021	0.1%
HSBC USA Inc	0.000%	10/01/2021	0.1%
Bank of America Corp	1.404%	10/21/2022	0.1%
Glencore Finance Canada Ltd	4.250%	10/25/2022	0.1%
SL Green Operating Partnership L.P.	1.174%	08/16/2021	0.1%
General Motors Financial Co Inc	5.200%	03/20/2023	0.1%
Wells Fargo & Co	1.328%	01/24/2023	0.1%
Brighthouse Financial Global Funding	0.770%	04/12/2024	0.1%
Intercontinental Exchange Inc	2.350%	09/15/2022	0.1%
Citigroup Inc	2.312%	11/04/2022	0.1%
Hyundai Capital America	3.250%	09/20/2022	0.1%
Mitsubishi UFJ Financial Group Inc	0.865%	07/26/2021	0.1%
Avery Point VI CLO Ltd	1.076%	08/05/2027	0.1%
DBCG 2017-BBG Mortgage Trust	0.801%	06/15/2034	0.1%
Daimler Finance North America LLC	3.400%	02/22/2022	0.1%
BPCE SA	1.460%	09/12/2023	0.1%
First Abu Dhabi Bank PJSC	1.176%	04/16/2022	0.1%
Morgan Stanley	4.875%	11/01/2022	0.1%
Air Lease Corp	3.375%	06/01/2021	0.1%
John Deere Capital Corp	0.625%	06/07/2021	0.1%
FS RIALTO	1.401%	04/16/2028	0.1%
British Transco International Finance BV	0.000%	11/04/2021	0.1%
NextEra Energy Capital Holdings, Inc.	0.550%	03/01/2023	0.1%
Lennar Corp	5.375%	10/01/2022	0.1%
GM Financial Automobile Leasing Trust 2020-2	0.710%	10/20/2022	0.1%
Standard Chartered plc	5.700%	01/25/2022	0.1%
UniCredit SpA	6.572%	01/14/2022	0.1%
Sumitomo Mitsui Financial Group, Inc.	1.004%	07/12/2022	0.1%
Macquarie Group Ltd	4.150%	03/27/2024	0.1%
Dominion Energy Inc	2.715%	08/15/2021	0.1%
VNDO 2012-6AVE Mortgage Trust	2.996%	11/15/2030	0.1%
Volkswagen Auto Loan Enhanced Trust 2020-1	0.930%	12/20/2022	0.1%
Arivo Acceptance Auto Loan Receivables Trust 2021-	1.190%	01/15/2027	0.1%
Intercontinental Exchange Inc	0.000%	06/22/2021	0.1%
Freddie Mac STACR REMIC Trust 2021-DNA3	0.760%	10/25/2033	0.1%
Flatiron Clo 17 Ltd	1.136%	05/15/2030	0.1%
Imperial Brands Finance PLC	3.500%	02/11/2023	0.1%
Ooredoo International Finance Ltd	3.250%	02/21/2023	0.1%
Pertamina Persero PT	4.875%	05/03/2022	0.1%
Diamondback Energy Inc	0.900%	03/24/2023	0.1%
Intesa Sanpaolo SpA	3.125%	07/14/2022	0.1%
Capital One Financial Corp	1.180%	03/09/2022	0.1%
Westlake Automobile Receivables Trust 2019-3	2.150%	02/15/2023	0.1%
Daimler Finance North America LLC	1.062%	02/22/2022	0.1%
Carvana Auto Receivables Trust 2020-P1	0.440%	06/09/2025	0.1%
NVR Inc	3.950%	09/15/2022	0.1%
Santander Drive Auto Receivables Trust 2021-2	0.900%	06/15/2026	0.1%
GS Mortgage Securities Corp Trust 2018-HULA	1.021%	07/15/2025	0.1%
GLS Auto Receivables Issuer Trust 2021-1	0.820%	04/15/2025	0.1%
Hyundai Auto Receivables Trust 2020-B	0.380%	03/15/2023	0.1%
Hawaiian Electric Industries Inc	0.000%	06/01/2021	0.1%
General Motors Financial Co Inc	1.503%	06/30/2022	0.1%
Freed ABS Trust 2020-1CP	0.660%	03/20/2028	0.1%
Capital One Prime Auto Receivables Trust 2020-1	1.640%	06/15/2023	0.1%
GLS Auto Receivables Issuer Trust 2021-1	1.200%	01/15/2027	0.1%
Citizens Bank NA/Providence RI	1.201%	03/29/2023	0.1%
Great Wolf Trust 2019-WOLF	1.135%	12/15/2036	0.1%
Arbor Realty Commercial Real Estate Notes 2019-FL1	1.251%	05/15/2037	0.1%
First Investors Auto Owner Trust 2019-2	2.210%	09/16/2024	0.1%
Prestige Auto Receivables Trust 2019-1	2.450%	05/15/2023	0.1%
Natwest Group PLC	3.875%	09/12/2023	0.1%
Discover Card Execution Note Trust	3.040%	07/15/2024	0.1%
Santander UK plc	0.845%	06/01/2021	0.1%
BAT International Finance plc	0.000%	06/03/2021	0.1%
Jackson National Life Global Funding	0.981%	06/27/2022	0.1%
Viatris Inc	1.125%	06/22/2022	0.1%
Avolon Holdings Funding Ltd	5.250%	05/15/2024	0.1%
NextGear Floorplan Master Owner Trust	0.701%	10/15/2023	0.1%
Discover Card Execution Note Trust	3.320%	03/15/2024	0.1%
Carvana Auto Receivables Trust 2020-P1	0.280%	11/08/2023	0.1%
Capital One Multi-Asset Execution Trust	0.611%	09/16/2024	0.1%
Waste Management Inc	0.000%	09/10/2021	0.1%
Honda Auto Receivables 2020-2 Owner Trust	0.740%	11/15/2022	0.1%
Mitsubishi UFJ Financial Group Inc	3.218%	03/07/2022	0.1%
Rogers Communications Inc	0.000%	08/26/2021	0.1%
Morgan Stanley	0.840%	06/10/2022	0.1%
Danske Bank A/S	1.226%	06/22/2024	0.1%
BFLD 2019-DPLO	1.191%	10/15/2034	0.1%
Air Lease Corp	3.000%	09/15/2023	0.1%
GLS Auto Receivables Issuer Trust 2020-3	0.690%	10/16/2023	0.1%
Discover Card Execution Note Trust	3.110%	01/16/2024	0.1%
Amur Equipment Finance Receivables VII LLC	2.630%	06/20/2024	0.1%
Toyota Auto Receivables 2019-A Owner Trust	2.910%	07/17/2023	0.1%
General Motors Financial Co Inc	4.375%	09/25/2021	0.1%
Drive Auto Receivables Trust 2020-2	0.850%	07/17/2023	0.1%
Capital One Multi-Asset Execution Trust	2.840%	12/15/2024	0.1%
BBCMS 2017-DELC Mortgage Trust	0.951%	08/15/2036	0.1%
Tesla Auto Lease Trust 2020-A	0.550%	05/22/2023	0.1%
Volkswagen Group of America Finance LLC	2.900%	05/13/2022	0.1%
NXP BV / NXP Funding LLC	3.875%	09/01/2022	0.1%
AmeriCredit Automobile Receivables Trust 2020-2	0.600%	12/18/2023	0.1%
Skyworks Solutions Inc	0.900%	06/01/2023	0.1%
Flagship Credit Auto Trust 2021-2	0.930%	06/15/2027	0.1%
Aviation Capital Group LLC	0.882%	07/30/2021	0.1%
CIT Group Inc	3.929%	06/19/2024	0.1%
Carmax Auto Owner Trust 2019-1	3.050%	03/15/2024	0.1%
International Flavors & Fragrances, Inc.	0.697%	09/15/2022	0.1%
Aviation Capital Group LLC	1.175%	06/01/2021	0.1%
General Motors Financial Co Inc	1.784%	01/14/2022	0.1%
Lloyds Banking Group plc	0.987%	06/21/2021	0.0%
Marlette Funding Trust 2021-1	1.000%	06/16/2031	0.0%
American Express Credit Account Master Trust	3.070%	10/15/2024	0.0%
CPS Auto Receivables Trust 2020-C	0.630%	03/15/2024	0.0%
Roper Technologies Inc	0.450%	08/15/2022	0.0%
BMW US Capital LLC	0.877%	04/06/2022	0.0%
AstraZeneca plc	0.850%	06/10/2022	0.0%
AutoNation Inc	0.000%	06/03/2021	0.0%
AstraZeneca plc	2.375%	06/12/2022	0.0%
National Bank of Canada	2.150%	10/07/2022	0.0%
Enterprise Fleet Financing LLC	3.100%	10/20/2023	0.0%
Glencore Funding LLC	4.125%	05/30/2023	0.0%
Hyundai Capital America	2.375%	02/10/2023	0.0%
Aircastle Ltd	4.400%	09/25/2023	0.0%
Barclays Dryrock Issuance Trust	0.431%	07/15/2024	0.0%
Ford Credit Auto Lease Trust 2020-A	1.800%	07/15/2022	0.0%
Aviation Capital Group LLC	3.875%	05/01/2023	0.0%
UBS Group AG	1.144%	08/15/2023	0.0%
General Motors Financial Co Inc	0.000%	06/02/2021	0.0%
Harvest Operations Corp	1.000%	04/26/2024	0.0%
ARI Fleet Lease Trust 2020-A	1.770%	08/15/2028	0.0%
KKR CLO 18 Ltd	1.460%	07/18/2030	0.0%
Ford Credit Auto Owner Trust 2018-B	3.240%	04/15/2023	0.0%
World Omni Automobile Lease Securitization Trust 2	2.940%	05/16/2022	0.0%
SCF Equipment Leasing 2019-2 LLC	2.220%	06/20/2024	0.0%
Rogers Communications Inc	0.000%	08/25/2021	0.0%
Intesa Sanpaolo SpA	3.375%	01/12/2023	0.0%
AstraZeneca plc	0.857%	08/17/2023	0.0%
HPEFS Equipment Trust 2020-1	1.730%	02/20/2030	0.0%
HGI CRE CLO 2021-FL1 Ltd	1.710%	06/16/2036	0.0%
Kuwait International Government Bond	2.750%	03/20/2022	0.0%
Natwest Group PLC	5.125%	05/28/2024	0.0%
PNC Bank NA	2.232%	07/22/2022	0.0%
Santander Drive Auto Receivables Trust 2018-3	3.510%	08/15/2023	0.0%
Volkswagen Auto Loan Enhanced Trust 2018-2	3.250%	04/20/2023	0.0%
First Investors Auto Owner Trust 2019-1	2.890%	03/15/2024	0.0%
Drive Auto Receivables Trust 2017-A	4.160%	05/15/2024	0.0%
Mercedes-Benz Auto Lease Trust 2019-B	2.000%	10/17/2022	0.0%
Carmax Auto Owner Trust 2018-3	3.130%	06/15/2023	0.0%
Citigroup Inc	2.700%	10/27/2022	0.0%
Citigroup Inc	0.903%	10/27/2022	0.0%
HGI CRE CLO 2021-FL1 Ltd	1.510%	06/16/2036	0.0%
Toyota Auto Receivables 2018-D Owner Trust	3.180%	03/15/2023	0.0%
Flagship Credit Auto Trust 2020-2	1.490%	07/15/2024	0.0%
BBVA Bancomer SA/Texas	4.375%	04/10/2024	0.0%
Abu Dhabi National Energy Co PJSC	3.625%	01/12/2023	0.0%
Daimler Finance North America LLC	2.850%	01/06/2022	0.0%
American Express Co	0.840%	02/27/2023	0.0%
Ally Financial Inc	4.125%	02/13/2022	0.0%
Fondo MIVIVIENDA SA	3.500%	01/31/2023	0.0%
MDGH - GMTN BV	5.500%	03/01/2022	0.0%
CarMax Auto Owner Trust 2020-2	1.700%	11/15/2024	0.0%
Santander Drive Auto Receivables Trust 2018-2	3.350%	07/17/2023	0.0%
Capital One NA	2.150%	09/06/2022	0.0%
Saudi Electricity Global Sukuk Co. 3	4.000%	04/08/2024	0.0%
World Omni Auto Receivables Trust 2019-B	2.590%	07/15/2024	0.0%
BX Commercial Mortgage Trust 2020-VKNG	1.031%	10/15/2037	0.0%
Discover Card Execution Note Trust	0.371%	12/15/2023	0.0%
American Credit Acceptance Receivables Trust 2020-	1.650%	12/13/2023	0.0%
Santander Drive Auto Receivables Trust 2020-2	0.620%	05/15/2023	0.0%
Lennar Corp	4.125%	01/15/2022	0.0%
Drive Auto Receivables Trust 2019-3	2.900%	08/15/2025	0.0%
Credit Suisse AG/New York NY	0.460%	02/04/2022	0.0%
Bank of America Corp	3.124%	01/20/2023	0.0%
Glencore Finance Canada Ltd	4.950%	11/15/2021	0.0%
Enterprise Fleet Financing LLC	2.360%	05/20/2023	0.0%
Barclays plc	1.850%	01/10/2023	0.0%
Enel Finance International NV	2.750%	04/06/2023	0.0%
GM Financial Automobile Leasing Trust 2020-1	1.670%	04/20/2022	0.0%
Cooperatieve Rabobank UA	4.625%	12/01/2023	0.0%
Foursight Capital Automobile Receivables Trust 202	1.970%	09/15/2023	0.0%
General Motors Financial Co Inc	3.700%	05/09/2023	0.0%
ABN Amro Bank NV	6.250%	04/27/2022	0.0%
National Australia Bank Ltd	0.819%	09/20/2021	0.0%
KeyBank NA/Cleveland OH	0.992%	11/22/2021	0.0%
American Express Credit Account Master Trust	0.551%	09/16/2024	0.0%
Exeter Automobile Receivables Trust 2020-2	1.130%	08/15/2023	0.0%
AutoNation Inc	0.000%	06/02/2021	0.0%
CPS Auto Receivables Trust 2020-C	1.010%	01/15/2025	0.0%
Exelon Corp	3.497%	06/01/2022	0.0%
Aviation Capital Group LLC	4.375%	01/30/2024	0.0%
Amur Equipment Finance Receivables VI LLC	3.890%	07/20/2022	0.0%
Capital Auto Receivables Asset Trust 2018-2	3.690%	12/20/2023	0.0%
Volkswagen Group of America Finance LLC	1.141%	11/12/2021	0.0%
NGPL Pipeco LLC	4.375%	08/15/2022	0.0%
Citigroup Inc	1.621%	09/01/2023	0.0%
General Motors Financial Co Inc	1.228%	01/05/2023	0.0%
Danske Bank A/S	5.000%	01/12/2023	0.0%
OGE Energy Corp	0.703%	05/26/2023	0.0%
Danske Bank A/S	1.280%	09/12/2023	0.0%
Citizens Bank NA/Providence RI	1.000%	05/26/2022	0.0%
Ford Credit Auto Owner Trust 2020-A	1.030%	10/15/2022	0.0%
Jackson National Life Global Funding	0.701%	06/11/2021	0.0%
General Motors Co	5.400%	10/02/2023	0.0%
Indonesia Asahan Aluminium Persero PT	5.710%	11/15/2023	0.0%
GM Financial Consumer Automobile Receivables Trust	2.130%	03/16/2023	0.0%
Capital One NA	1.336%	01/30/2023	0.0%
Banco BBVA Peru SA	5.000%	08/26/2022	0.0%
Drive Auto Receivables Trust 2017-3	3.530%	12/15/2023	0.0%
Drive Auto Receivables Trust	3.660%	11/15/2024	0.0%
Bermuda Government International Bond	4.854%	02/06/2024	0.0%
GM Financial Consumer Automobile Receivables Trust	1.830%	01/17/2023	0.0%
Fifth Third Bank NA	0.845%	02/01/2022	0.0%
Drive Auto Receivables Trust	4.090%	01/15/2026	0.0%
JPMorgan Chase & Co	1.118%	04/25/2023	0.0%
Westgate Resorts 2018-1 LLC	3.380%	12/20/2031	0.0%
GM Financial Automobile Leasing Trust 2019-2	2.670%	03/21/2022	0.0%
Santander Retail Auto Lease Trust 2019-B	2.290%	04/20/2022	0.0%
Westlake Automobile Receivables Trust 2019-2	3.060%	02/15/2023	0.0%
Tesla Auto Lease Trust 2018-B	3.710%	08/20/2021	0.0%
ACC Trust 2019-1	3.750%	05/20/2022	0.0%

Dividends & Cap Gains

DIVIDEND PAYMENTS

For

YTD Dividends Paidas of 07/23/2021: $0.025
Dividend Frequency: Monthly (Daily Accrual)

Record Date	Ex-Dividend Date	Reinvest & Payable Date	Dividend	Reinvest Price
Daily	Daily	06/30/2021	$0.00462	$10.03
Daily	Daily	05/31/2021	$0.00427	$10.04
Daily	Daily	04/30/2021	$0.00442	$10.03
Daily	Daily	03/31/2021	$0.00405	$10.03
Daily	Daily	02/28/2021	$0.00397	$10.04
Daily	Daily	01/31/2021	$0.00378	$10.04

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	07/31/2021
Daily	Daily	08/31/2021
Daily	Daily	09/30/2021
Daily	Daily	10/31/2021
Daily	Daily	11/30/2021
Daily	Daily	12/31/2021

CAPITAL GAINS DISTRIBUTIONS

For

Record Date	Reinvest & Payable Date	Long-term	Short-term *	Total	Reinvest Price
12/14/2017	12/15/2017	-	$0.0003	$0.0003	$10.01

Upcoming Capital Gain Distribution

Record Date	Ex-Dividend Date
12/16/2021	12/17/2021

Fees & Expenses

EXPENSE RATIOas of 06/30/2021

0.29%

Fund Documents

Download fund documents & literature, create email subscriptions, and place direct mail order

	0Documents selected				Order
n/a	Portfolio Holdings 1Q Publish Date:11/03/2015
n/a	Portfolio Holdings 3Q Publish Date:11/03/2015
	Summary Prospectus Publish Date:11/03/2015
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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*Barron’s Overall Fund Family of 2020,” #7 overall ranking among 53 qualifying fund families based on the net total return of the one-year period ending 12/31/2020. Five-year overall ranking is #4 out of 50 qualifying fund families; and 10-year overall ranking is #21 out of 44 qualifying fund families.

Source: Barron’s, “Barron’s Best Fund Families of 2020,” February 20, 2021. Barron’s rankings are based on asset weighted returns in funds in five categories: general 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, 2020, 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 2020 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.

To qualify for the ranking, firms must offer at least three active mutual funds or actively run ETFs in Lipper’s general U.S. stock category; one in world equity; and one mixed asset, such as a balanced or allocation fund. They also need to offer at least two taxable bond funds and one national tax-exempt bond fund. All funds must have a track record of at least one year. While the ranking excludes index funds, it does include actively managed ETFs and “smart beta” ETFs, which are run passively but built on active investment strategies.

© Refinitiv Lipper 2021. All Rights Reserved. Refinitiv, an LSEG (London Stock Exchange Group) business, is one of the world’s largest providers of financial markets data and infrastructure. Lipper provides global, independent fund performance data. 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.

The Ultra Short Bond Fund’s 7 Day Yield are shown with and without sales charges and with maximum sales charges. The Fund’s 7 Day 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 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 7 Day Yield is shown without sales charges. The Fund’s Subsidized 7 Day Yield takes into account any fee waiver or expense limitation arrangements, if any. Without such fee waivers or expense limitation arrangements, the Fund’s 7 Day 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.

⁴The Ultra Short Bond Fund's 7 Day Yield is computed by averaging daily income dividends declared (net of expenses) in the Fund over the previous 7 days, and dividing that annualized rate by the Fund’s NAV. This is a rolling calculation, updated daily.

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

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 investing strategy.

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. 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 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. Although the Fund may invest in money market securities, this is not a money market fund. These factors can affect Fund performance. As it is a newly organized fund, the Fund’s performance at this time is very limited. The Fund's 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.

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.

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 ICE BofA ML U.S. Treasury Bill Index tracks the performance of US dollar denominated US Treasury Bills publicly issued in the US domestic market. Qualifying securities must have at least one month remaining term to final maturity and a minimum amount outstanding of $1 billion. The benchmark has not been examined by Deloitte & Touche LLP.

Source: ICE Data Indices, LLC.

Source ICE Data Indices, LLC (“ICE”), used with permission. ICE PERMITS USE OF THE ICE BofAML INDICES AND RELATED DATA ON AN "AS IS" BASIS, MAKES NO WARRANTIES REGARDING SAME, DOES NOT GUARANTEE THE SUITABILITY, QUALITY, ACCURACY, TIMELINESS, AND/OR COMPLETENESS OF THE ICE BofAML INDICES OR ANY DATA INCLUDED IN, RELATED TO, OR DERIVED THEREFROM, ASSUMES NO LIABILITY IN CONNECTION WITH THE USE OF THE FOREGOING, AND DOES NOT SPONSOR, ENDORSE, OR RECOMMEND LORD ABBETT, OR ANY OF ITS PRODUCTS OR SERVICES.

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 Ultra Short Bond Fund ?

The Fund seeks to deliver current income consistent with the preservation of capital by investing in a broad range of investment grade ultra-short fixed income and money market securities with a weighted average duration of less than one year.

Yield

7 Day Yield 1,4 as of 07/23/2021

30-Day Standardized Yield 2 as of 06/30/2021

Fund Basicsas of 06/30/2021

Fund Expense Ratio :

0.29%

Fund Expense Ratio :

0.29%

Fund Expense Ratio :

0.29%

Fund Expense Ratio :

0.29%

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Credit Quality Distribution as of 06/30/2021 View Portfolio

INVESTMENT TEAM

Your Representative

Performance

Performance

NAV HISTORICAL PRICES

Fund Expense Ratio :

0.29%

Fund Expense Ratio :

0.29%

Fund Expense Ratio :

0.29%

Fund Expense Ratio :

0.29%

Portfolio

Portfolio

CREDIT QUALITY DISTRIBUTION as of 06/30/2021

Portfolio Positioning as of 3/31/2021

Portfolio Details as of 06/30/2021

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

EXPENSE RATIOas of 06/30/2021

Fund Documents

Fund Documents

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

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

7 Day Yield ^1,4 as of 07/23/2021

30-Day Standardized Yield ² as of 06/30/2021