Ultra Short Bond Fund

LUBVX

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Daily price w/o sales charge as of 04/18/2019

$10.02

$0.00

YTD Returns w/o sales charge as of 04/18/2019

1.14%

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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 04/18/2019

	Subsidized³	Un-Subsidized³
w/o sales charge	2.78%	2.71%

30-Day Standardized Yield ² as of 03/31/2019

	Subsidized⁵	Un-Subsidized⁶
w/o sales charge	2.73%	2.67%

Fund Basicsas of 03/29/2019

Total Net Assets: $16.45 B
Inception Date: 10/17/2016
Dividend Frequency: Monthly
Fund Gross Expense Ratio: 0.34%
Fund Net Expense Ratio: 0.27%
Number of Holdings: 683

Fund Expense Ratio :

Gross 0.34%

Net 0.27%

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

w/o sales charge	1.00%	2.75%	-	-	-	2.00%
Lipper Category Avg. Ultra-Short Obligations Funds	0.96%	2.36%	-	-	-	-
ICE BofAML U.S. Treasury Bill Index	0.62%	2.17%	-	-	-	1.38%

Fund Expense Ratio :

Gross 0.34%

Net 0.27%

Fund Expense Ratio :

Gross 0.34%

Net 0.27%

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

w/o sales charge	1.00%	2.75%	-	-	-	2.00%
Lipper Category Avg. Ultra-Short Obligations Funds	0.96%	2.36%	-	-	-	-
ICE BofAML U.S. Treasury Bill Index	0.62%	2.17%	-	-	-	1.38%

Fund Expense Ratio :

Gross 0.34%

Net 0.27%

Credit Quality Distribution as of 03/29/2019 View Portfolio

Rating	Assets
A-1/P-1
A-2/P-2
A-3/P-3
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

Andrew H. O'Brien, CFA

Partner & Portfolio Manager

21 Years of Industry Experience

Kewjin Yuoh

Partner & Portfolio Manager

25 Years of Industry Experience

Adam C. Castle, CFA

Portfolio Manager

11 Years of Industry Experience

Yoana Koleva, CFA

Managing Director & Portfolio Manager

16 Years of Industry Experience

Supported By 67 Investment Professionals with 15 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 :

Gross 0.34%

Net 0.27%

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

w/o sales charge	1.00%	2.75%	-	-	-	2.00%
Lipper Category Avg. Ultra-Short Obligations Funds	0.96%	2.36%	-	-	-	-
ICE BofAML U.S. Treasury Bill Index	0.62%	2.17%	-	-	-	1.38%

Fund Expense Ratio :

Gross 0.34%

Net 0.27%

Fund Expense Ratio :

Gross 0.34%

Net 0.27%

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

w/o sales charge	1.00%	2.75%	-	-	-	2.00%
Lipper Category Avg. Ultra-Short Obligations Funds	0.96%	2.36%	-	-	-	-
ICE BofAML U.S. Treasury Bill Index	0.62%	2.17%	-	-	-	1.38%

Fund Expense Ratio :

Gross 0.34%

Net 0.27%

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

2018	2.10%	1.88%
2017	1.60%	0.82%
2016	0.19%	0.37%

Year	Q1	Q2	Q3	Q4	Yearly Returns

2019	1.00%	-	-	-	1.16%
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
Commercial Paper
ABS
Corp Fixed Rate
Cash

Maturity	Assets
Less than 1 year
1-2.99 years

CREDIT QUALITY DISTRIBUTION as of 03/29/2019

Rating	Assets
A-1/P-1
A-2/P-2
A-3/P-3
AAA
AA
A
BBB

Portfolio Positioning as of 03/31/2019

The portfolio maintained its diversified exposure beyond the Treasury securities represented in its benchmark, the ICE BofA Merrill Lynch U.S. Treasury Bill Index. The portfolio primarily invests in investment grade bonds with floating rate coupons, asset-backed securities, and commercial paper, all with short maturities. We favor these asset classes as we believe they exhibit attractive risk-adjusted carry opportunities.
The 3-month London Interbank Offered Rate ("LIBOR") declined during the period, ending the quarter at 2.60%, 21 basis points lower than levels seen last quarter. Falling LIBOR rates can result in lower coupon income generated by the strategy as a large portion of the portfolio is allocated to securities with floating rate coupons that are tied to LIBOR.
After markets experienced a volatile end to 2018, we increased our allocation to floating rate notes in the beginning of 2019 as valuations appeared more attractive. While much of the asset class is comprised of financial issuers, we remain attracted to the financials sector as its quality profile has improved relative to pre-crisis periods given more robust underlying mortgage assets, more conservative management teams, and stricter regulations.
We also increased the portfolio’s allocation to asset-backed securities ("ABS"). We remain attracted to high quality ABS that are backed by auto loans and credit card receivables and believe this area of the market offers relative value and opportunities to capture risk-adjusted spread.
We decreased the portfolio’s allocation to commercial paper, reallocating a portion of the portfolio’s exposure into floating rate notes and asset-backed securities as commercial paper matured.

Portfolio Details as of 03/29/2019

Total Net Assets: $16.45 B
Number of Issues: 683
Average Coupon: 2.12%
Average Life: 0.89 Years
Average Effective Duration: 0.25 Years

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

Holding	Coupon	Maturity	Assets

United States Treasury Bill	0.000%	04/02/2019	2.0%
Morgan Stanley	3.168%	02/10/2021	1.3%
Citigroup, Inc.	3.573%	01/10/2020	1.2%
Northrop Grumman Corp.	0.000%	05/22/2019	1.0%
Macquarie Bank Ltd.	2.758%	04/04/2019	0.9%
Wells Fargo & Co.	3.349%	07/22/2020	0.9%
AutoNation, Inc.	0.000%	04/01/2019	0.8%
Boston Scientific Corp.	0.000%	04/23/2019	0.8%
Glencore Funding LLC	0.000%	05/01/2019	0.8%
Enbridge US Inc	0.000%	04/02/2019	0.8%

% of Total Assets			10.5%

Holding	Coupon	Maturity	Assets

United States Treasury Bill	0.000%	04/02/2019	2.1%
Morgan Stanley	3.168%	02/10/2021	1.3%
Citigroup, Inc.	3.573%	01/10/2020	1.2%
Northrop Grumman Corp.	0.000%	05/22/2019	1.0%
Macquarie Bank Ltd.	2.758%	04/04/2019	0.9%
Ford Credit Auto Owner Trust 2014-REV2	2.310%	04/15/2026	0.7%
Bank of America NA	2.957%	08/28/2020	0.7%
UBS AG London	3.027%	05/28/2019	0.7%
Sumitomo Mitsui Banking Corp	2.799%	01/17/2020	0.6%
Wells Fargo & Co.	3.349%	07/22/2020	0.6%
Glencore Funding LLC	0.000%	03/06/2019	0.6%
Bell Canada, Inc.	0.000%	03/18/2019	0.6%
JPMorgan Chase Bank NA	3.053%	02/19/2021	0.6%
World Financial Network Credit Card Master Trust	2.310%	08/15/2024	0.6%
Wells Fargo Bank, N.A.	2.666%	01/15/2020	0.6%
Comcast Corp.	3.127%	10/01/2020	0.5%
NBCUniversal Enterprise, Inc.	3.197%	04/01/2021	0.5%
Dollar Tree, Inc.	3.149%	04/17/2020	0.5%
Trillium Credit Card Trust II	3.038%	01/26/2024	0.5%
Chesapeake Funding II LLC	2.969%	01/15/2031	0.5%
Cigna Corp	0.000%	03/26/2019	0.5%
Jackson National Life Global Funding	2.736%	10/15/2020	0.5%
Metropolitan Life Global Funding I	3.034%	01/08/2021	0.5%
ONEOK, Inc.	0.000%	03/05/2019	0.5%
Cigna Corp	3.138%	03/17/2020	0.5%
Toronto-Dominion Bank	2.594%	09/17/2020	0.5%
Marriott International, Inc.	0.000%	03/20/2019	0.5%
Royal Caribbean Cruises Ltd.	0.000%	04/04/2019	0.5%
Wells Fargo & Co.	3.200%	01/30/2020	0.5%
ONEOK, Inc.	0.000%	03/07/2019	0.5%
Goldman Sachs Group, Inc.	3.932%	04/23/2020	0.5%
Verizon Communications, Inc.	3.203%	05/22/2020	0.4%
JPMorgan Chase Bank NA	2.968%	09/01/2020	0.4%
HSBC Holdings plc	2.984%	09/11/2021	0.4%
Royal Bank of Canada	3.171%	01/25/2021	0.4%
Citibank, Inc.	3.213%	02/19/2022	0.4%
General Motors Financial Co., Inc.	0.000%	03/14/2019	0.4%
Wells Fargo Bank, N.A.	3.272%	07/23/2021	0.4%
Dr. Pepper Snapple Group, Inc.	0.000%	03/25/2019	0.4%
BA Credit Card Trust	1.840%	01/17/2023	0.4%
Entergy Corp.	0.000%	05/21/2019	0.4%
Mondelez International, Inc.	0.000%	03/05/2019	0.4%
E.I. du Pont de Nemours & Co.	0.000%	03/18/2019	0.4%
NASDAQ OMX Group, Inc.	3.214%	03/22/2019	0.4%
Capital One Multi-Asset Execution Trust	1.990%	07/17/2023	0.4%
GM Financial Consumer Automobile Receivables Trust	2.990%	03/16/2022	0.4%
Bank of America Corp.	3.421%	07/21/2021	0.4%
Citibank Credit Card Issuance Trust	1.920%	04/07/2022	0.4%
Boston Scientific Corp.	0.000%	03/04/2019	0.4%
Royal Caribbean Cruises Ltd.	0.000%	03/05/2019	0.4%
Entergy Corp.	0.000%	03/06/2019	0.4%
Honda Auto Receivables 2019-1 Owner Trust	2.750%	09/20/2021	0.4%
Caterpillar Financial Services Corp.	2.896%	08/26/2020	0.4%
JPMorgan Chase & Co.	3.418%	06/01/2021	0.4%
Cabela's Credit Card Master Note Trust	3.339%	06/15/2022	0.4%
Pentair Finance SA	0.000%	03/05/2019	0.4%
Goldman Sachs Group, Inc.	3.134%	12/13/2019	0.4%
Campbell Soup Co.	0.000%	03/01/2019	0.4%
Westlake Automobile Receivables Trust 2019-1	3.510%	05/16/2022	0.4%
Magna International, Inc.	0.000%	03/19/2019	0.4%
JPMorgan Chase & Co.	4.218%	03/01/2021	0.4%
IBM Credit LLC	3.177%	11/30/2020	0.4%
Sempra Energy	2.686%	07/15/2019	0.4%
Humana, Inc.	0.000%	04/01/2019	0.3%
General Electric Co.	3.028%	01/09/2020	0.3%
ONEOK, Inc.	0.000%	03/04/2019	0.3%
Master Credit Card Trust II	2.260%	07/21/2021	0.3%
National Australia Bank Ltd.	2.775%	01/12/2021	0.3%
Bank of Montreal	2.776%	07/13/2020	0.3%
Boston Scientific Corp.	0.000%	03/25/2019	0.3%
Golden Credit Card Trust	2.939%	12/15/2022	0.3%
World Financial Network Credit Card Master Trust	1.980%	06/15/2023	0.3%
Arrow Electronics, Inc.	0.000%	03/22/2019	0.3%
Johnson Controls International plc	0.000%	03/22/2019	0.3%
Goldman Sachs Group, Inc.	3.530%	04/25/2019	0.3%
HSBC Holdings plc	3.240%	05/18/2021	0.3%
Arrow Electronics, Inc.	0.000%	03/06/2019	0.3%
Toyota Motor Credit Corp.	2.676%	07/15/2020	0.3%
US Bank NA	2.737%	07/24/2020	0.3%
Arrow Electronics, Inc.	0.000%	03/04/2019	0.3%
Glencore Funding LLC	0.000%	03/11/2019	0.3%
National Bank of Canada	3.336%	06/12/2020	0.3%
American Honda Finance Corp.	2.796%	02/21/2020	0.3%
Marriott International, Inc.	3.229%	12/01/2020	0.3%
Discover Card Execution Note Trust	2.979%	07/15/2024	0.3%
Sumitomo Mitsui Banking Corp	2.806%	10/16/2020	0.3%
NextEra Energy Capital Holdings, Inc.	3.257%	08/28/2021	0.3%
Bank of Montreal	3.152%	01/22/2021	0.3%
John Deere Capital Corp.	3.203%	07/10/2020	0.3%
Jackson National Life Global Funding	2.809%	04/27/2020	0.3%
Huntington National Bank	3.283%	02/05/2021	0.3%
Energy Transfer Partners L.P.	0.000%	03/01/2019	0.3%
Bell Canada, Inc.	0.000%	03/29/2019	0.3%
Fidelity National Information Services, Inc.	0.000%	03/07/2019	0.3%
Humana, Inc.	0.000%	03/11/2019	0.3%
Enable Midstream Partners L.P.	0.000%	05/01/2019	0.3%
Energy Transfer Partners L.P.	0.000%	03/12/2019	0.3%
American Express Credit Account Master Trust	1.930%	09/15/2022	0.3%
Nissan Master Owner Trust Receivables	2.919%	04/18/2022	0.3%
National Australia Bank Ltd.	3.187%	05/22/2020	0.3%
FMC Corp.	0.000%	03/08/2019	0.3%
FMC Corp.	0.000%	03/14/2019	0.3%
Humana, Inc.	0.000%	03/18/2019	0.3%
Schlumberger Holdings Corp.	0.000%	03/19/2019	0.3%
ING Bank NV	3.954%	03/22/2019	0.3%
Royal Bank of Canada	2.769%	07/22/2020	0.3%
DLL 2018-2 LLC	3.140%	10/20/2020	0.3%
Dr. Pepper Snapple Group, Inc.	0.000%	03/08/2019	0.3%
Morgan Stanley	3.649%	01/20/2022	0.3%
Regions Bank, Birmingham, AL	3.118%	08/13/2021	0.3%
Southern Power Co	2.888%	12/20/2020	0.3%
General Motors Financial Co., Inc.	0.000%	03/08/2019	0.3%
Santander Drive Auto Receivables Trust 2015-4	4.540%	11/15/2022	0.3%
Enable Midstream Partners L.P.	0.000%	03/13/2019	0.3%
Constellation Brands, Inc.	0.000%	03/22/2019	0.3%
Marriott International, Inc.	0.000%	03/15/2019	0.3%
Capital One Multi-Asset Execution Trust	2.000%	01/17/2023	0.3%
Drive Auto Receivables Trust 2018-5	3.680%	07/15/2023	0.3%
Tyco International Holding Sarl	0.000%	03/25/2019	0.2%
World Omni Select Auto Trust 2018-1	3.460%	03/15/2023	0.2%
GE Dealer Floorplan Master Note Trust	3.135%	01/20/2022	0.2%
FMC Corp.	0.000%	03/20/2019	0.2%
Ford Motor Credit Co. LLC	3.408%	01/09/2020	0.2%
Enable Midstream Partners L.P.	0.000%	06/04/2019	0.2%
AT&T, Inc.	3.316%	06/30/2020	0.2%
Santander Drive Auto Receivables Trust 2016-1	5.020%	06/15/2023	0.2%
Santander Drive Auto Receivables Trust 2018-4	3.270%	01/17/2023	0.2%
Canadian Imperial Bank of Commerce	2.718%	10/05/2020	0.2%
Martin Marietta Materials, Inc.	2.838%	12/20/2019	0.2%
Volkswagen Group of America Finance LLC	3.388%	11/13/2020	0.2%
Santander Drive Auto Receivables Trust 2015-4	3.530%	08/16/2021	0.2%
Sherwin-Williams Co.	0.000%	03/04/2019	0.2%
BAT International Finance plc	0.000%	03/04/2019	0.2%
Enable Midstream Partners L.P.	0.000%	03/04/2019	0.2%
Northrop Grumman Corp.	0.000%	03/20/2019	0.2%
Enbridge US Inc	0.000%	03/04/2019	0.2%
Constellation Brands, Inc.	0.000%	03/25/2019	0.2%
Glencore Funding LLC	0.000%	03/08/2019	0.2%
Bell Canada, Inc.	0.000%	03/08/2019	0.2%
CRH America Finance, Inc.	0.000%	03/20/2019	0.2%
Citigroup, Inc.	3.696%	06/07/2019	0.2%
Discover Card Execution Note Trust	1.390%	03/15/2022	0.2%
Goldman Sachs Group, Inc.	3.792%	10/23/2019	0.2%
FMC Corp.	0.000%	03/04/2019	0.2%
Boston Scientific Corp.	0.000%	03/08/2019	0.2%
Glencore Funding LLC	0.000%	03/18/2019	0.2%
Master Credit Card Trust	3.104%	07/21/2022	0.2%
TransCanada Pipelines Ltd.	0.000%	04/01/2019	0.2%
UBS AG London	3.218%	12/01/2020	0.2%
Citibank, Inc.	3.056%	05/01/2020	0.2%
Chesapeake Funding II LLC	2.120%	11/15/2029	0.2%
Daimler Finance North America LLC	3.038%	01/06/2020	0.2%
Toronto-Dominion Bank	2.611%	06/11/2020	0.2%
Zimmer Biomet Holdings, Inc.	3.089%	03/19/2021	0.2%
American Honda Finance Corp.	3.048%	06/16/2020	0.2%
CPS Auto Receivables Trust 2019-A	3.180%	06/15/2022	0.2%
Bell Canada, Inc.	0.000%	04/01/2019	0.2%
Northrop Grumman Corp.	0.000%	04/17/2019	0.2%
Toronto-Dominion Bank	3.708%	12/14/2020	0.2%
Daimler Finance North America LLC	2.972%	05/04/2020	0.2%
Credit Agricole Corporate & Investment Bank SA	3.433%	10/03/2021	0.2%
Wells Fargo Bank, N.A.	2.987%	10/22/2021	0.2%
AIG Global Funding	3.381%	01/22/2021	0.2%
Wells Fargo & Co.	3.627%	02/11/2022	0.2%
Navistar Financial Dealer Note Master Owner Trust	3.120%	09/25/2023	0.2%
Intesa Sanpaolo SpA	3.079%	07/17/2019	0.2%
ConAgra Brands, Inc.	3.219%	10/22/2020	0.2%
First National Master Note Trust 2018-1	2.949%	10/15/2024	0.2%
Pentair Finance SA	0.000%	03/04/2019	0.2%
Humana, Inc.	0.000%	04/02/2019	0.2%
KeyBank NA	3.396%	02/01/2022	0.2%
Campbell Soup Co.	0.000%	04/18/2019	0.2%
Constellation Brands, Inc.	3.209%	11/15/2021	0.2%
Mondelez International, Inc.	0.000%	03/04/2019	0.2%
Ford Motor Credit Co. LLC	0.000%	04/10/2019	0.2%
Campbell Soup Co.	0.000%	04/22/2019	0.2%
Campbell Soup Co.	0.000%	03/21/2019	0.2%
Pentair Finance SA	0.000%	03/08/2019	0.2%
Ford Motor Credit Co. LLC	3.305%	10/12/2021	0.2%
Nissan Motor Acceptance Corp.	3.308%	03/15/2021	0.2%
Cabela's Credit Card Master Note Trust	2.939%	07/15/2022	0.2%
Branch Banking & Trust Co.	2.904%	06/15/2020	0.2%
Bank of Nova Scotia	2.826%	07/14/2020	0.2%
Ford Motor Credit Co. LLC	3.164%	03/12/2019	0.2%
World Financial Network Credit Card Master Trust	2.150%	04/17/2023	0.2%
CRH America Finance, Inc.	0.000%	03/19/2019	0.2%
Synchrony Credit Card Master Note Trust	2.370%	03/15/2023	0.2%
Dell Equipment Finance Trust 2018-1	2.970%	10/22/2020	0.2%
Huntington National Bank	2.837%	03/10/2020	0.2%
Synchrony Credit Card Master Note Trust	2.640%	03/15/2023	0.2%
AutoNation, Inc.	0.000%	03/07/2019	0.2%
Vulcan Materials Co.	3.388%	03/01/2021	0.2%
Sherwin-Williams Co.	0.000%	03/21/2019	0.2%
BMW US Capital LLC	2.984%	08/14/2020	0.2%
Canadian Imperial Bank of Commerce/New York NY	2.748%	09/20/2019	0.2%
Sherwin-Williams Co.	0.000%	04/09/2019	0.2%
Enable Midstream Partners L.P.	0.000%	04/22/2019	0.2%
General Motors Financial Co., Inc.	0.000%	03/22/2019	0.2%
Flagship Credit Auto Trust 2018-3	3.070%	02/15/2023	0.2%
Manufacturers & Traders Trust Co	3.717%	12/28/2020	0.2%
Drive Auto Receivables Trust 2018-5	3.080%	07/15/2021	0.2%
John Deere Capital Corp.	2.975%	01/07/2020	0.2%
Sherwin-Williams Co.	0.000%	04/11/2019	0.2%
BAT International Finance plc	0.000%	03/01/2019	0.2%
Citibank, Inc.	3.342%	07/23/2021	0.2%
Wells Fargo & Co.	4.076%	03/04/2021	0.2%
Navient Private Education Refi Loan Trust 2019-A	3.030%	01/15/2043	0.2%
Mondelez International, Inc.	0.000%	03/26/2019	0.2%
Bank of Nova Scotia	2.909%	04/20/2021	0.2%
Capital Auto Receivables Asset Trust 2018-2	3.020%	02/22/2021	0.2%
New York Life Global Funding	2.912%	08/06/2021	0.2%
WGL Holdings, Inc.	3.326%	03/12/2020	0.2%
ABN Amro Bank NV	3.261%	08/27/2021	0.2%
Tyco Electronics Group S.A.	3.201%	06/05/2020	0.2%
Marsh & McLennan Cos., Inc.	3.908%	12/29/2021	0.2%
Newell Rubbermaid, Inc.	0.000%	03/05/2019	0.2%
WGL Holdings, Inc.	0.000%	03/11/2019	0.2%
Enbridge US Inc	0.000%	03/07/2019	0.2%
Santander UK plc	4.258%	03/14/2019	0.2%
Citizens Bank N.A.	3.413%	02/14/2022	0.2%
Arrow Electronics, Inc.	0.000%	03/01/2019	0.2%
Constellation Brands, Inc.	0.000%	03/18/2019	0.2%
WGL Holdings, Inc.	3.106%	11/29/2019	0.2%
Humana, Inc.	0.000%	04/10/2019	0.2%
Campbell Soup Co.	0.000%	04/11/2019	0.2%
GMF Floorplan Owner Revolving Trust	2.789%	03/15/2022	0.2%
Public Service Electric & Gas Co.	0.000%	04/08/2019	0.2%
Capital Auto Receivables Asset Trust 2018-1	2.790%	01/20/2022	0.2%
Royal Caribbean Cruises Ltd.	0.000%	03/08/2019	0.2%
PFS Financing Corp.	2.889%	02/15/2022	0.2%
DLL 2018-1 LLC	2.810%	11/17/2020	0.2%
Standard Chartered plc	3.770%	08/19/2019	0.2%
Synchrony Credit Card Master Note Trust	2.380%	09/15/2023	0.2%
Fifth Third Bank, OH	2.948%	07/26/2021	0.2%
Marlette Funding Trust 2018-3	3.200%	09/15/2028	0.2%
Drive Auto Receivables Trust	3.040%	11/15/2021	0.2%
Foursight Capital Automobile Receivables Trust 201	3.320%	04/15/2022	0.2%
CVS Caremark Corp.	2.957%	03/09/2020	0.2%
Harris Corp.	0.000%	03/15/2019	0.2%
WGL Holdings, Inc.	0.000%	03/22/2019	0.2%
Glencore Funding LLC	0.000%	04/04/2019	0.2%
Commonwealth Bank of Australia	2.777%	03/10/2020	0.2%
JPMorgan Chase Bank NA	2.848%	04/26/2021	0.2%
Sumitomo Mitsui Banking Corp	2.755%	10/18/2019	0.2%
Goldman Sachs Group, Inc.	3.111%	12/27/2020	0.2%
Marriott International, Inc.	0.000%	03/14/2019	0.2%
Macquarie Bank Ltd.	2.684%	03/15/2019	0.2%
Protective Life Global Funding	2.906%	06/28/2021	0.2%
Compass Bank	3.061%	06/11/2021	0.2%
Drive Auto Receivables Trust 2018-5	2.809%	07/15/2021	0.2%
World Omni Select Auto Trust 2018-1	3.240%	04/15/2022	0.1%
US Bank NA	2.936%	05/21/2021	0.1%
BMW US Capital LLC	3.118%	08/13/2021	0.1%
Toyota Motor Credit Corp.	3.344%	01/08/2021	0.1%
Westlake Automobile Receivables Trust 2018-3	3.320%	10/16/2023	0.1%
American Express Co.	3.192%	11/05/2021	0.1%
TD Ameritrade Holding Corp.	2.971%	11/01/2021	0.1%
Boston Scientific Corp.	0.000%	03/11/2019	0.1%
Schlumberger Holdings Corp.	0.000%	03/07/2019	0.1%
Humana, Inc.	0.000%	03/25/2019	0.1%
Daimler Finance North America LLC	3.252%	11/05/2021	0.1%
CNH Capital LLC	0.000%	04/01/2019	0.1%
E.I. du Pont de Nemours & Co.	0.000%	03/19/2019	0.1%
Westlake Automobile Receivables Trust 2016-3	3.580%	01/18/2022	0.1%
DLL 2018-1 LLC	3.100%	04/18/2022	0.1%
Tyco International Holding Sarl	0.000%	03/22/2019	0.1%
Golden Credit Card Trust	1.980%	04/15/2022	0.1%
Enable Midstream Partners L.P.	0.000%	06/05/2019	0.1%
NextGear Floorplan Master Owner Trust	2.190%	09/15/2021	0.1%
DLL Securitization Trust 2017-A	2.140%	12/15/2021	0.1%
Citigroup, Inc.	3.574%	04/08/2019	0.1%
Schlumberger Holdings Corp.	0.000%	03/15/2019	0.1%
Magna International, Inc.	0.000%	03/15/2019	0.1%
UBS AG London	3.347%	06/08/2020	0.1%
GMF Floorplan Owner Revolving Trust	2.580%	01/18/2022	0.1%
Bank of Montreal	2.581%	09/11/2019	0.1%
Daimler Finance North America LLC	3.140%	10/30/2019	0.1%
GE Capital Credit Card Master Note Trust	1.760%	09/15/2022	0.1%
AmeriCredit Automobile Receivables 2015-4	3.720%	12/08/2021	0.1%
Ford Credit Floorplan Master Owner Trust A	3.109%	07/15/2021	0.1%
Citigroup, Inc.	4.183%	03/30/2021	0.1%
Westpac Banking Corp.	3.328%	05/13/2019	0.1%
JPMorgan Chase & Co.	3.727%	01/23/2020	0.1%
Conn's Receivables Funding 2018-A LLC	3.250%	01/15/2023	0.1%
Ally Master Owner Trust	2.829%	06/15/2021	0.1%
Mercedes-Benz Master Owner Trust 2018-BA	2.829%	05/15/2023	0.1%
Time Warner Cable LLC	8.250%	04/01/2019	0.1%
Flagship Credit Auto Trust 2018-2	2.970%	10/17/2022	0.1%
Martin Marietta Materials, Inc.	3.327%	05/22/2020	0.1%
NiSource, Inc.	0.000%	03/04/2019	0.1%
WGL Holdings, Inc.	0.000%	03/07/2019	0.1%
Pentair Finance SA	0.000%	03/13/2019	0.1%
Marlette Funding Trust 2018-4	3.710%	12/15/2028	0.1%
Svenska Handelsbanken/New York NY	2.739%	10/21/2019	0.1%
FREED ABS TRUST 2018-2	3.990%	10/20/2025	0.1%
Lloyds Bank plc	3.079%	05/07/2021	0.1%
Cabela's Credit Card Master Note Trust	1.780%	06/15/2022	0.1%
Harley-Davidson Financial Services Inc	3.146%	05/21/2020	0.1%
Westlake Automobile Receivables Trust 2018-3	2.980%	01/18/2022	0.1%
Ford Credit Auto Owner Trust 2015-REV1	2.120%	07/15/2026	0.1%
Federation des Caisses Desjardins du Quebec	2.850%	10/30/2020	0.1%
Pentair Finance SA	0.000%	03/12/2019	0.1%
Capital One Multi-Asset Execution Trust	1.330%	06/15/2022	0.1%
Mitsubishi UFJ Financial Grp, Inc.	3.158%	07/26/2021	0.1%
Ford Credit Floorplan Master Owner Trust A	2.390%	08/15/2022	0.1%
Dr. Pepper Snapple Group, Inc.	0.000%	03/22/2019	0.1%
Gracechurch Card Funding PLC	2.889%	07/15/2022	0.1%
DowDuPont Inc	3.394%	11/15/2020	0.1%
New York Life Global Funding	3.016%	01/28/2021	0.1%
Energy Transfer Partners L.P.	0.000%	03/18/2019	0.1%
WGL Holdings, Inc.	0.000%	03/06/2019	0.1%
FMC Corp.	0.000%	03/25/2019	0.1%
Enable Midstream Partners L.P.	0.000%	03/26/2019	0.1%
WGL Holdings, Inc.	0.000%	03/13/2019	0.1%
General Motors Financial Co., Inc.	4.051%	05/09/2019	0.1%
BAT International Finance plc	0.000%	03/06/2019	0.1%
FMC Corp.	0.000%	03/01/2019	0.1%
WGL Holdings, Inc.	0.000%	03/14/2019	0.1%
General Motors Financial Co., Inc.	0.000%	04/12/2019	0.1%
Springleaf Funding Trust 2016-A	2.900%	11/15/2029	0.1%
United Technologies Corp.	0.000%	03/08/2019	0.1%
General Motors Financial Co., Inc.	3.678%	10/04/2019	0.1%
WGL Holdings, Inc.	0.000%	03/21/2019	0.1%
World Financial Network Credit Card Master Trust	3.070%	12/16/2024	0.1%
Chesapeake Funding II LLC	2.829%	08/15/2029	0.1%
Royal Caribbean Cruises Ltd.	0.000%	03/21/2019	0.1%
Drive Auto Receivables Trust	4.180%	03/15/2024	0.1%
Americredit Automobile Receivables Trust 2018-3	3.110%	01/18/2022	0.1%
Americredit Automobile Receivables Trust 2018-3	2.730%	01/18/2022	0.1%
American Express Credit Account Master Trust	2.939%	09/16/2024	0.1%
Santander Drive Auto Receivables Trust 2015-5	3.650%	12/15/2021	0.1%
First Investors Auto Owner Trust 2018-2	3.230%	12/15/2022	0.1%
Westlake Automobile Receivables Trust 2016-3	2.460%	01/18/2022	0.1%
Campbell Soup Co.	0.000%	03/04/2019	0.1%
Pentair Finance SA	0.000%	03/11/2019	0.1%
Manufacturers & Traders Trust Co	2.760%	01/25/2021	0.1%
Constellation Brands, Inc.	0.000%	03/27/2019	0.1%
Branch Banking & Trust Co.	2.886%	01/15/2020	0.1%
Barclays Dryrock Issuance Trust	2.789%	05/15/2023	0.1%
Alimentation Couche-Tard, Inc.	2.834%	12/13/2019	0.1%
Sherwin-Williams Co.	0.000%	03/25/2019	0.1%
Constellation Brands, Inc.	0.000%	03/20/2019	0.1%
WGL Holdings, Inc.	0.000%	03/05/2019	0.1%
Ford Motor Credit Co. LLC	3.448%	08/12/2019	0.1%
Toronto-Dominion Bank	2.730%	01/25/2021	0.1%
SMB Private Education Loan Trust 2018-B	2.809%	12/16/2024	0.1%
Eni Finance USA, Inc.	0.000%	04/08/2019	0.1%
Chase Issuance Trust	1.270%	07/15/2021	0.1%
Synchrony Credit Card Master Note Trust	3.360%	03/15/2024	0.1%
Morgan Stanley	3.649%	01/27/2020	0.1%
UBS AG	3.254%	08/14/2019	0.1%
Exeter Automobile Receivables Trust 2017-3	2.050%	12/15/2021	0.1%
Citibank, Inc.	3.061%	09/18/2019	0.1%
Harris Corp.	0.000%	03/08/2019	0.1%
Skandinaviska Enskilda Banken AB	2.904%	09/13/2019	0.1%
Campbell Soup Co.	2.834%	03/16/2020	0.1%
Westpac Banking Corp.	2.896%	05/15/2020	0.1%
Discover Card Execution Note Trust	1.900%	10/17/2022	0.1%
Gilead Sciences, Inc.	2.558%	03/20/2019	0.1%
Citigroup, Inc.	4.075%	10/26/2020	0.1%
American Credit Acceptance Receivables Trust 2018-	2.940%	01/10/2022	0.1%
Ford Motor Credit Co. LLC	3.218%	04/05/2021	0.1%
Siemens Financial Services, Inc.	2.674%	03/16/2020	0.1%
Daimler Finance North America LLC	3.112%	05/05/2020	0.1%
Danske Bank A/S	2.831%	03/02/2020	0.1%
Santander UK plc	3.358%	06/01/2021	0.1%
GMF Floorplan Owner Revolving Trust	1.960%	05/17/2021	0.1%
SL Green Operating Partnership L.P.	3.609%	08/16/2021	0.1%
NextGear Floorplan Master Owner Trust	3.089%	10/16/2023	0.1%
Mondelez International, Inc.	0.000%	03/06/2019	0.1%
Dr. Pepper Snapple Group, Inc.	0.000%	03/07/2019	0.1%
Humana, Inc.	0.000%	03/14/2019	0.1%
WGL Holdings, Inc.	0.000%	03/18/2019	0.1%
Arrow Electronics, Inc.	0.000%	03/26/2019	0.1%
Capital Auto Receivables Asset Trust 2018-1	2.930%	06/20/2022	0.1%
AutoNation, Inc.	0.000%	03/06/2019	0.1%
Arrow Electronics, Inc.	0.000%	03/18/2019	0.1%
Deutsche Telekom International Finance	2.789%	09/19/2019	0.1%
Sofi Professional Loan Program 2018-B Trust	2.640%	08/25/2047	0.1%
Bank of Montreal	2.934%	12/12/2019	0.1%
Drive Auto Receivables Trust 2018-2	2.880%	06/15/2021	0.1%
California Republic Auto Receivables Trust 2018-1	2.860%	03/15/2021	0.1%
Bank of America Corp.	3.266%	04/01/2019	0.1%
Capital One Multi-Asset Execution Trust	2.999%	09/16/2024	0.1%
Morgan Stanley	3.314%	06/16/2020	0.1%
General Electric Co.	2.796%	03/28/2020	0.1%
Chase Issuance Trust	1.580%	08/15/2021	0.1%
JPMorgan Chase & Co.	2.877%	03/09/2021	0.1%
NextGear Floorplan Master Owner Trust	2.540%	04/18/2022	0.1%
Vulcan Materials Co.	2.934%	06/15/2020	0.1%
Constellation Brands, Inc.	0.000%	03/21/2019	0.1%
PFS Financing Corp.	2.400%	10/17/2022	0.1%
Credit Agricole S.A.	3.236%	04/15/2019	0.1%
Chase Issuance Trust	2.689%	04/17/2023	0.1%
Nissan Motor Acceptance Corp.	3.299%	09/13/2019	0.1%
Santander Drive Auto Receivables Trust 2018-5	3.520%	12/15/2022	0.1%
Foursight Capital Automobile Receivables Trust 201	2.850%	08/16/2021	0.1%
Drive Auto Receivables Trust	3.010%	11/15/2021	0.1%
SunTrust Banks, Inc.	3.008%	10/26/2021	0.1%
Citizens Bank N.A.	2.861%	03/02/2020	0.1%
Danske Bank A/S	2.903%	09/06/2019	0.1%
Capital Auto Receivables Asset Trust 2018-2	3.270%	06/20/2023	0.1%
AIG Global Funding	2.878%	07/02/2020	0.1%
Santander Drive Auto Receivables Trust 2016-3	2.800%	08/15/2022	0.1%
Mondelez International Holdings Netherlands BV	3.119%	10/28/2019	0.1%
California Republic Auto Receivables Trust 2017-1	2.280%	06/15/2022	0.1%
Australia & New Zealand Banking Group Ltd.	3.100%	05/17/2021	0.1%
CPS Auto Trust	3.310%	12/15/2022	0.1%
Ford Credit Floorplan Master Owner Trust A	1.980%	01/15/2022	0.1%
AXIS Equipment Finance Receivables VI LLC	3.890%	07/20/2022	0.1%
Citibank, Inc.	3.132%	03/20/2019	0.1%
Nordea Bank Abp	3.176%	05/29/2020	0.1%
Citibank, Inc.	3.061%	10/20/2020	0.1%
Daimler Finance North America LLC	3.048%	02/12/2021	0.1%
Drive Auto Receivables Trust	5.150%	08/15/2022	0.1%
ACC Trust 2019-1	3.750%	05/20/2022	0.1%
Humana, Inc.	0.000%	03/12/2019	0.1%
Drive Auto Receivables Trust	3.360%	10/17/2022	0.1%
Capital One Financial Corp.	3.458%	05/12/2020	0.1%
Drive Auto Receivables Trust	3.720%	10/17/2022	0.1%
Honda Auto Receivables 2017-3 Owner Trust	1.790%	09/20/2021	0.1%
Branch Banking & Trust Co.	2.958%	06/01/2020	0.1%
Australia & New Zealand Banking Group Ltd.	2.589%	12/19/2019	0.1%
Barclays Bank plc	3.279%	10/28/2019	0.1%
John Deere Capital Corp.	2.528%	07/05/2019	0.1%
ConAgra Brands, Inc.	2.908%	10/09/2020	0.1%
Assurant, Inc.	4.072%	03/26/2021	0.1%
Santander UK plc	2.882%	11/03/2020	0.1%
Sherwin-Williams Co.	0.000%	03/28/2019	0.1%
Drive Auto Receivables Trust	4.530%	08/15/2023	0.1%
Australia & New Zealand Banking Group Ltd.	3.140%	08/19/2020	0.1%
General Dynamics Corp.	2.908%	05/11/2020	0.1%
ABN Amro Bank NV	2.860%	01/19/2021	0.1%
Drive Auto Receivables Trust	2.780%	10/15/2020	0.1%
FREED ABS TRUST 2018-1	3.610%	07/18/2024	0.1%
SCF Equipment Leasing 2018-1 LLC	3.630%	10/20/2024	0.1%
Capital Auto Receivables Asset Trust	2.670%	08/20/2020	0.1%
American Express Credit Account Master Trust	2.670%	10/17/2022	0.1%
QUALCOMM, Inc.	3.194%	05/20/2020	0.1%
American Express Credit Corp.	3.828%	09/14/2020	0.1%
Lloyds Banking Group plc	3.153%	06/21/2021	0.1%
Aviation Capital Group Corp.	3.190%	07/30/2021	0.1%
Ford Motor Credit Co. LLC	2.375%	03/12/2019	0.1%
Wabtec Corp.	3.838%	09/15/2021	0.1%
Bayer US Finance II LLC	3.452%	06/25/2021	0.1%
Australia & New Zealand Banking Group Ltd.	2.921%	11/09/2020	0.1%
General Motors Financial Co., Inc.	4.347%	01/14/2022	0.1%
Pentair Finance SA	0.000%	03/01/2019	0.1%
Wells Fargo Bank, N.A.	2.973%	12/06/2019	0.1%
Sofi Professional Loan Program 2018-A LLC	2.390%	02/25/2042	0.1%
Nissan Motor Acceptance Corp.	2.125%	03/03/2020	0.1%
Santander Drive Auto Receivables Trust 2018-3	2.780%	03/15/2021	0.1%
Westpac Banking Corp.	3.169%	03/06/2020	0.1%
Ford Motor Credit Co. LLC	0.000%	11/25/2019	0.1%
Arrow Electronics, Inc.	0.000%	03/05/2019	0.1%
Humana, Inc.	0.000%	03/21/2019	0.1%
Sempra Energy	2.936%	01/15/2021	0.1%
Master Credit Card Trust II	3.400%	01/21/2022	0.1%
Sumitomo Mitsui Trust Bank Ltd	2.779%	09/19/2019	0.1%
World Financial Network Credit Card Master Trust	1.980%	08/15/2023	0.1%
BA Credit Card Trust	1.950%	08/15/2022	0.1%
AmeriCredit Automobile Receivables Trust 2017-4	2.040%	07/18/2022	0.1%
CPS Auto Receivables Trust 2016-C	3.270%	06/15/2022	0.1%
Citibank Credit Card Issuance Trust	1.800%	09/20/2021	0.1%
Branch Banking & Trust Co.	3.151%	01/15/2020	0.1%
Drive Auto Receivables Trust	3.720%	09/16/2024	0.1%
Barclays Dryrock Issuance Trust	2.819%	07/15/2024	0.1%
BMW US Capital LLC	3.207%	04/12/2021	0.1%
Wells Fargo & Co.	2.929%	04/22/2019	0.1%
American Express Credit Corp.	3.106%	08/15/2019	0.1%
Phillips 66	3.289%	02/26/2021	0.1%
National Australia Bank Ltd.	3.017%	12/09/2019	0.1%
CPS Auto Trust	2.870%	09/15/2021	0.1%
ING Bank NV	3.226%	08/15/2019	0.1%
General Motors Financial Co., Inc.	3.366%	04/13/2020	0.1%
Tyson Foods, Inc.	3.157%	05/30/2019	0.0%
Becton, Dickinson & Co.	3.678%	12/29/2020	0.0%
Sherwin-Williams Co.	0.000%	03/26/2019	0.0%
General Motors Financial Co., Inc.	3.996%	01/15/2020	0.0%
Drive Auto Receivables Trust	2.750%	10/15/2020	0.0%
American Express Credit Corp.	2.912%	05/03/2019	0.0%
Standard Chartered plc	3.770%	08/19/2019	0.0%
Drive Auto Receivables Trust 2017-2	2.750%	09/15/2023	0.0%
Gilead Sciences, Inc.	2.588%	09/20/2019	0.0%
Nissan Motor Acceptance Corp.	3.203%	09/28/2020	0.0%
Capital One NA/Mclean VA	3.099%	09/13/2019	0.0%
PFS Financing Corp.	1.870%	10/15/2021	0.0%
Flagship Credit Auto Trust 2016-3	2.430%	06/15/2021	0.0%
CPS Auto Receivables Trust 2018-B	2.720%	09/15/2021	0.0%
MMAF Equipment Finance LLC 2014-A	1.590%	02/08/2022	0.0%
Drive Auto Receivables Trust 2017-1	2.840%	04/15/2022	0.0%
World Financial Network Credit Card Master Trust	3.340%	04/17/2023	0.0%
Commonwealth Bank of Australia	2.737%	09/18/2020	0.0%
Metropolitan Life Global Funding I	2.559%	09/19/2019	0.0%
Kraft Heinz Foods Co.	3.021%	08/09/2019	0.0%
Barclays Dryrock Issuance Trust	2.410%	07/15/2022	0.0%
TCF Auto Receivables Owner Trust 2015-2	2.550%	04/15/2021	0.0%
Nordea Bank Abp	3.006%	09/30/2019	0.0%
Capital Auto Receivables Asset Trust 2017-1	2.020%	08/20/2021	0.0%
Toyota Auto Receivables 2016-D Owner Trust	1.230%	10/15/2020	0.0%
Wheels SPV 2 LLC	3.060%	04/20/2027	0.0%
Drive Auto Receivables Trust	3.190%	07/15/2022	0.0%
Harris Corp.	3.000%	04/30/2020	0.0%
AmeriCredit Automobile Receivables Trust 2016-3	2.710%	09/08/2022	0.0%
Chesapeake Funding II LLC	2.829%	11/15/2029	0.0%
Nissan Motor Acceptance Corp.	3.377%	01/13/2020	0.0%
Chrysler Capital Auto Receivables Trust	3.150%	01/18/2022	0.0%
CarMax Auto Owner Trust	3.110%	08/15/2022	0.0%
OneMain Financial Issuance Trust 2016-1A	3.660%	02/20/2029	0.0%
PFS Financing Corp.	3.089%	02/15/2022	0.0%
Engs Commercial Finance Trust 2018-1	2.970%	02/22/2021	0.0%
AmeriCredit Automobile Receivables Trust 2015-3	2.730%	03/08/2021	0.0%
International Lease Finance Corp.	6.250%	05/15/2019	0.0%
OSCAR US Funding Trust VII LLC	3.167%	11/10/2020	0.0%
Capital Auto Receivables Asset Trust 2018-2	3.480%	10/20/2023	0.0%
CPS Auto Receivables Trust 2016-C	5.920%	06/15/2022	0.0%
Foursight Capital Automobile Receivables Trust 201	3.240%	09/15/2022	0.0%
Credit Acceptance Auto Loan Trust 2016-3	2.150%	04/15/2024	0.0%
Westlake Automobile Receivables Trust 2018-2	3.500%	01/16/2024	0.0%
Lloyds Bank plc	5.800%	01/13/2020	0.0%
Exeter Automobile Receivables Trust 2015-1	5.830%	12/15/2021	0.0%
Bank of Montreal	2.774%	06/15/2020	0.0%
Shire Acquisitions Investments Ireland Designated	1.900%	09/23/2019	0.0%
Ford Motor Credit Co. LLC	2.989%	11/02/2020	0.0%
SOFI PROFESSIONAL LOAN PROGRAM 2017-F LLC	2.050%	01/25/2041	0.0%
Verizon Owner Trust 2017-1	2.450%	09/20/2021	0.0%
BAT Capital Corp	3.204%	08/14/2020	0.0%
World Financial Network Credit Card Master Trust	2.550%	06/17/2024	0.0%
Drive Auto Receivables Trust	3.340%	09/15/2022	0.0%
Santander Drive Auto Receivables Trust 2016-3	2.460%	03/15/2022	0.0%
General Motors Co.	3.389%	08/07/2020	0.0%
Pentair Finance SA	0.000%	03/20/2019	0.0%
Chesapeake Funding II LLC	2.110%	03/15/2028	0.0%
Drive Auto Receivables Trust	2.980%	01/18/2022	0.0%
Rock-Tenn Co.	4.450%	03/01/2019	0.0%
Drive Auto Receivables Trust	3.660%	11/15/2024	0.0%
American Express Co.	2.850%	10/30/2020	0.0%
Barclays Dryrock Issuance Trust 2016-1	1.520%	05/16/2022	0.0%
Pentair Finance SA	0.000%	03/07/2019	0.0%
World Financial Network Credit Card Master Trust	3.090%	04/17/2023	0.0%
American Credit Acceptance Receivables Trust 2018-	2.720%	03/10/2021	0.0%
AmeriCredit Automobile Receivables 2015-1	2.510%	01/08/2021	0.0%
American Credit Acceptance Receivables Trust 2016-	4.260%	08/12/2022	0.0%
Flagship Credit Auto Trust	3.050%	08/16/2021	0.0%
Canadian Imperial Bank of Commerce	2.843%	09/06/2019	0.0%
Flagship Credit Auto Trust 2016-1	3.910%	06/15/2022	0.0%
Morgan Stanley	3.869%	04/21/2021	0.0%
AT&T, Inc.	3.086%	01/15/2020	0.0%
Ascentium Equipment Receivables 2017-2 Trust	2.000%	05/11/2020	0.0%
CarFinance Capital Auto Trust	3.580%	06/15/2021	0.0%
American Credit Acceptance Receivables Trust 2018-	3.550%	04/10/2024	0.0%
Exeter Automobile Receivables Trust 2016-3	4.220%	06/15/2022	0.0%
CPS Auto Trust	3.430%	07/15/2022	0.0%
Chase Issuance Trust	2.859%	04/15/2021	0.0%
Pentair Finance SA	2.650%	12/01/2019	0.0%
International Lease Finance Corp.	5.875%	04/01/2019	0.0%
Westlake Automobile Receivables Trust 2016-2	4.100%	06/15/2021	0.0%
National Australia Bank Ltd.	3.004%	01/10/2020	0.0%
PNC Bank NA	2.719%	01/22/2021	0.0%
First National Master Note Trust 2017-2	2.929%	10/16/2023	0.0%
Constellation Brands, Inc.	0.000%	03/13/2019	0.0%
Wells Fargo Bank, N.A.	3.289%	05/24/2019	0.0%
Chesapeake Funding II LLC	1.990%	05/15/2029	0.0%
Drive Auto Receivables Trust	2.610%	08/16/2021	0.0%
Chesapeake Funding II LLC	1.880%	06/15/2028	0.0%
California Republic Auto Receivables Trust 2015-4	2.580%	06/15/2021	0.0%
Nissan Motor Acceptance Corp.	3.777%	03/08/2019	0.0%
Australia & New Zealand Banking Group Ltd.	3.026%	09/23/2019	0.0%
Royal Bank of Canada	3.146%	04/15/2019	0.0%
Westgate Resorts 2018-1 LLC	3.380%	12/20/2031	0.0%
CarMax Auto Owner Trust	1.400%	08/15/2021	0.0%
HSBC USA, Inc.	3.228%	11/13/2019	0.0%
Sofi Consumer Loan Program 2017-5 LLC	2.140%	09/25/2026	0.0%
Citibank, Inc.	3.276%	06/12/2020	0.0%
Santander Drive Auto Receivables Trust 2017-3	1.870%	06/15/2021	0.0%
Ford Credit Auto Owner Trust/Ford Credit 2014-REV1	2.260%	11/15/2025	0.0%
Danske Bank A/S	2.831%	03/02/2020	0.0%
Albemarle Corp.	0.000%	03/12/2019	0.0%
CPS Auto Receivables Trust 2017-D	2.430%	01/18/2022	0.0%
Mercedes-Benz Auto Lease Trust 2018-A	2.200%	04/15/2020	0.0%
Drive Auto Receivables Trust	3.910%	05/17/2021	0.0%
Royal Bank of Canada	2.748%	10/26/2020	0.0%
OneMain Financial Issuance Trust 2015	3.190%	03/18/2026	0.0%
Westlake Automobile Receivables Trust 2018-1	2.920%	05/15/2023	0.0%
Pentair Finance SA	0.000%	03/06/2019	0.0%
Synchrony Credit Card Master Note Trust	2.040%	03/15/2022	0.0%
Nissan Auto Receivables 2017-C Owner Trust	2.120%	04/18/2022	0.0%
Phillips 66	3.186%	04/15/2020	0.0%
Capital Auto Receivables Asset Trust	3.340%	03/22/2021	0.0%
AmeriCredit Automobile Receivables Trust 2016-3	2.240%	04/08/2022	0.0%
Santander Drive Auto Receivables Trust 2017-2	2.210%	10/15/2021	0.0%
Wells Fargo Bank, N.A.	2.746%	01/15/2021	0.0%
BMW US Capital LLC	3.175%	04/06/2020	0.0%
Santander Drive Auto Receivables Trust 2016-2	4.380%	09/15/2023	0.0%
Sofi Professional Loan Program 2017-C LLC	1.750%	07/25/2040	0.0%
Harley-Davidson Financial Services Inc	2.677%	03/08/2019	0.0%
Fifth Third Bank, OH	2.971%	09/27/2019	0.0%
Access Point Funding I 2017-1 LLC	3.060%	04/15/2029	0.0%
Credit Acceptance Auto Loan Trust 2016-2	2.420%	11/15/2023	0.0%
Flagship Credit Auto Trust 2017-3	1.880%	10/15/2021	0.0%
General Electric Co.	3.236%	04/15/2020	0.0%
CCG Receivables Trust 2018-1	2.500%	06/16/2025	0.0%
Navient Student Loan Trust 2018-1	2.680%	03/25/2067	0.0%
NextGear Floorplan Master Owner Trust	2.740%	04/15/2021	0.0%
ACC Trust 2018-1	3.700%	12/21/2020	0.0%
JPMorgan Chase Bank NA	2.956%	09/23/2019	0.0%
Citizens Bank N.A.	3.259%	05/26/2020	0.0%
Marriott International, Inc.	0.000%	03/11/2019	0.0%
ING Bank NV	3.487%	10/01/2019	0.0%
Drive Auto Receivables Trust 2017-3	2.800%	07/15/2022	0.0%
DLL Securitization Trust 2017-A	1.890%	07/15/2020	0.0%
KeyBank NA	2.350%	03/08/2019	0.0%
Chesapeake Funding II LLC	2.939%	05/15/2029	0.0%
Americredit Automobile Receivables Trust	2.470%	11/09/2020	0.0%
Svenska Handelsbanken AB	2.813%	09/06/2019	0.0%
Americredit Automobile Receivables Trust 2016-4	1.830%	12/08/2021	0.0%
Springleaf Funding Trust	3.160%	11/15/2024	0.0%
Foursight Capital Automobile Receivables Trust 201	4.120%	09/15/2022	0.0%
ING Bank NV	3.610%	08/17/2020	0.0%
TCF Auto Receivables Owner Trust	1.960%	11/16/2020	0.0%
SoFi Professional Loan Program 2017-E LLC	1.860%	11/26/2040	0.0%
ING Bank NV	3.226%	08/15/2019	0.0%
SoFi Consumer Loan Program 2016-2 LLC	3.090%	10/27/2025	0.0%
CPS Auto Receivables Trust 2018-A	2.770%	04/18/2022	0.0%
Avid Automobile Receivables Trust 2018-1	2.840%	08/15/2023	0.0%
Drive Auto Receivables Trust	3.020%	11/15/2021	0.0%
GreatAmerica Leasing Receivables Funding LLC Serie	2.350%	05/15/2020	0.0%
OneMain Financial Issuance Trust 2016-2	4.100%	03/20/2028	0.0%
Royal Bank of Canada	2.701%	03/02/2020	0.0%
Flagship Credit Auto Trust 2017-4	2.070%	04/15/2022	0.0%
World Financial Network Credit Card Master Trust	3.140%	01/17/2023	0.0%
Santander Drive Auto Receivables Trust	3.240%	04/15/2021	0.0%
CPS Auto Trust	2.680%	05/17/2021	0.0%
Chesapeake Funding II LLC	1.910%	08/15/2029	0.0%
AmeriCredit Automobile Receivables Trust 2016-3	1.800%	10/08/2021	0.0%
Capital Auto Receivables Asset Trust 2015-4	3.620%	05/20/2021	0.0%
Enterprise Fleet Financing LLC	1.970%	01/20/2023	0.0%
Santander Drive Auto Receivables Trust 2016-2	3.390%	04/15/2022	0.0%
Santander Drive Auto Receivables Trust 2015-4	2.970%	03/15/2021	0.0%
Hyundai Floorplan Master Owner Trust Series 2016-1	1.810%	03/15/2021	0.0%
CPS Auto Receivables Trust 2018-B	3.230%	07/15/2022	0.0%
Canadian Imperial Bank of Commerce	2.874%	02/02/2021	0.0%
Chrysler Capital Auto Receivables Trust 2016-B	1.640%	07/15/2021	0.0%
CPS Auto Receivables Trust 2017-C	2.300%	07/15/2021	0.0%
Morgan Stanley	3.512%	07/23/2019	0.0%
Mississippi Power Co.	3.031%	03/27/2020	0.0%
Capital Auto Receivables Asset Trust 2016-2	2.110%	03/22/2021	0.0%
Exeter Automobile Receivables Trust 2017-1	3.950%	12/15/2022	0.0%
Master Credit Card Trust II	2.560%	07/21/2021	0.0%
Chesapeake Funding II LLC	3.489%	06/15/2028	0.0%
Flagship Credit Auto Trust 2017-1	1.930%	12/15/2021	0.0%
Enterprise Fleet Financing LLC	2.130%	07/20/2022	0.0%
CPS Auto Receivables Trust 2017-D	1.870%	03/15/2021	0.0%
Capital Auto Receivables Asset Trust 2017-1	1.760%	06/22/2020	0.0%
AmeriCredit Automobile Receivables Trust 2016-3	1.460%	05/10/2021	0.0%
Barclays Dryrock Issuance Trust 2017-1	2.819%	03/15/2023	0.0%
First Investors Auto Owner Trust 2017-2	1.860%	10/15/2021	0.0%
First Investors Auto Owner Trust	2.000%	03/15/2022	0.0%
AmeriCredit Automobile Receivables Trust 2015-2	2.400%	01/08/2021	0.0%
TCF Auto Receivables Owner Trust 2016-PT1	1.930%	06/15/2022	0.0%
CarMax Auto Owner Trust 2017-3	1.640%	09/15/2020	0.0%
Santander Drive Auto Receivables Trust 2016-3	1.890%	06/15/2021	0.0%
Drive Auto Receivables Trust	3.380%	11/15/2021	0.0%
Westlake Automobile Receivables Trust 2016-2	2.830%	05/17/2021	0.0%
Commonwealth Bank of Australia	3.394%	03/15/2019	0.0%
Texas-New Mexico Power Co.	9.500%	04/01/2019	0.0%
Ford Motor Credit Co. LLC	3.512%	11/04/2019	0.0%
California Republic Auto Receivables Trust 2016-2	1.830%	12/15/2021	0.0%
SoFi Professional Loan Program 2017-D LLC	1.720%	09/25/2040	0.0%
Flagship Credit Auto Trust 2017-2	1.850%	07/15/2021	0.0%
CarMax Auto Owner Trust	1.560%	11/16/2020	0.0%
Santander Drive Auto Receivables Trust 2015-5	2.740%	12/15/2021	0.0%
American Credit Acceptance Receivables Trust 2015-	4.840%	10/12/2021	0.0%
SunTrust Auto Receivables Trust	1.780%	01/15/2021	0.0%
Ascentium Equipment Receivables 2016-1 Trust	2.850%	07/10/2020	0.0%
First Investors Auto Owner Trust 2016-2	1.870%	11/15/2021	0.0%
Carmax Auto Owner Trust	1.390%	05/17/2021	0.0%
SoFi Professional Loan Program 2017-A LLC	1.550%	03/26/2040	0.0%
Westlake Automobile Receivables Trust 2017-2	1.800%	07/15/2020	0.0%
CNH Equipment Trust	1.850%	04/15/2021	0.0%
AmeriCredit Automobile Receivables Trust 2017-3	1.690%	12/18/2020	0.0%
Mercedes-Benz Master Owner Trust 2016-B	3.189%	05/17/2021	0.0%
California Republic Auto Receivables Trust	1.820%	09/15/2020	0.0%
CPS Auto Receivables Trust	3.180%	09/15/2020	0.0%
Engs Commercial Finance Trust	2.630%	02/22/2022	0.0%
Exeter Automobile Receivables Trust 2014-3	5.690%	04/15/2021	0.0%
Kansas Gas & Electric Co.	6.700%	06/15/2019	0.0%
Nissan Auto Receivables 2016-B Owner Trust	1.320%	01/15/2021	0.0%
California Republic Auto Receivables Trust	1.750%	01/15/2021	0.0%
Dell Equipment Finance Trust	2.140%	04/22/2022	0.0%
Diamond Resorts Owner Trust	2.990%	05/22/2028	0.0%
Wheels SPV 2 LLC	1.590%	05/20/2025	0.0%
Westlake Automobile Receivables Trust 2017-1	2.300%	10/17/2022	0.0%
Flagship Credit Auto Trust	2.380%	10/15/2020	0.0%
Amgen, Inc.	3.263%	05/22/2019	0.0%
U.S. Bancorp	2.890%	04/25/2019	0.0%
AmeriCredit Automobile Receivables Trust 2017-2	1.650%	09/18/2020	0.0%
Flagship Credit Auto Trust 2016-1	2.770%	12/15/2020	0.0%
CPS Auto Receivables Trust 2017-C	1.780%	09/15/2020	0.0%
Flagship Credit Auto Trust 2016-4	1.960%	02/16/2021	0.0%
Bank of Montreal	3.095%	07/18/2019	0.0%
First Investors Auto Owner Trust	2.750%	09/15/2021	0.0%
First Investors Auto Owner Trust 2017-1	1.690%	04/15/2021	0.0%

Dividends & Cap Gains

DIVIDEND PAYMENTS

For

YTD Dividends Paidas of 04/18/2019: $0.069
Dividend Frequency: Monthly (Daily Accrual)

Record Date	Ex-Dividend Date	Reinvest & Payable Date	Dividend	Reinvest Price
Daily	Daily	03/31/2019	$0.02386	$10.02
Daily	Daily	02/28/2019	$0.02213	$10.01
Daily	Daily	01/31/2019	$0.02360	$10.00

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	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

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
12/17/2019	12/18/2019

Fees & Expenses

EXPENSE RATIOas of 03/31/2019

Fund Gross Expense Ratio	Fund Net Expense Ratio
0.34%	0.27%

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 03/31/2020. 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.

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.

There is no minimum initial investment for (i) purchases through or by registered investment advisers (RIAs), bank trust departments, and other financial intermediaries otherwise eligible to purchase Class I shares that charge a fee for services that include investment advisory or management services or (ii) purchases by retirement and benefit plans meeting the Class I eligibility requirements as described in the prospectus. These investment minimums may be suspended, changed, or withdrawn by Lord Abbett Distributor LLC ("Lord Abbett Distributor").
Class I shares minimum initial investment of $1,000,000, unless otherwise noted, applies to certain types of institutional investors as described in the prospectus.

IMPORTANT INFORMATION

There is no up-front commission on purchases of the Lord Abbett Ultra Short Bond Fund, but a contingent deferred sales charge (CDSC) will be charged on shares exchanged from a Lord Abbett–sponsored fund that are subject to a CDSC and that are subsequently redeemed. Lord Abbett Ultra Short Bond Fund has a 12b-1 trail commission of 0.15% that accrues immediately.

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.

Class R5 - The inception date for Class R5 shares is June 30, 2015. The performance quotations for Class R5 are based on the following methods of calculation: (a) for periods prior to June 30, 2015, a restated figure is used based on the historical performance of the Fund’s portfolio since inception to reflect all charges and fees applicable to Class R5 shares; and (b) for periods after June 30, 2015, actual Class R5 performance is used, which reflects all charges and fees applicable to Class R5 shares.

Class R5 shares are only offered to certain eligible investors. For additional information, see the Fund’s current prospectus.

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 04/18/2019

30-Day Standardized Yield 2 as of 03/31/2019

Fund Basicsas of 03/29/2019

Fund Expense Ratio :

Gross 0.34%

Net 0.27%

Fund Expense Ratio :

Gross 0.34%

Net 0.27%

Fund Expense Ratio :

Gross 0.34%

Net 0.27%

Fund Expense Ratio :

Gross 0.34%

Net 0.27%

RELATED CONTENT

Credit Quality Distribution as of 03/29/2019 View Portfolio

INVESTMENT TEAM

Your Representative

Performance

Performance

NAV HISTORICAL PRICES

Fund Expense Ratio :

Gross 0.34%

Net 0.27%

Fund Expense Ratio :

Gross 0.34%

Net 0.27%

Fund Expense Ratio :

Gross 0.34%

Net 0.27%

Fund Expense Ratio :

Gross 0.34%

Net 0.27%

Portfolio

Portfolio

CREDIT QUALITY DISTRIBUTION as of 03/29/2019

Portfolio Positioning as of 03/31/2019

Portfolio Details as of 03/29/2019

Dividends & Cap Gains

Dividends & Cap Gains

DIVIDEND PAYMENTS

DIVIDEND PAYMENTS

Upcoming Dividend Payment Dates

CAPITAL GAINS DISTRIBUTIONS

7 Day Yield ^1,4 as of 04/18/2019

30-Day Standardized Yield ² as of 03/31/2019