Ultra Short Bond Fund

LUBWX

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Daily price w/o sales charge as of 07/18/2018

$10.01

$0.00

YTD Returns w/o sales charge as of 07/18/2018

1.16%

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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 07/18/2018

	Subsidized³	Un-Subsidized³
w/o sales charge	2.41%	2.30%

30-Day Standardized Yield ² as of 06/30/2018

	Subsidized⁵	Un-Subsidized⁶
w/o sales charge	2.30%	2.24%

Fund Basicsas of 06/29/2018

Total Net Assets: $6.32 B
Inception Date: 10/17/2016
Dividend Frequency: Monthly
Fund Gross Expense Ratio: 0.34%
Fund Net Expense Ratio: 0.23%
Number of Holdings: 536
CUSIP: 54401E432

Fund Expense Ratio :

Gross 0.34%

Net 0.23%

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

w/o sales charge	1.05%	1.84%	-	-	-	1.71%
Lipper Category Avg. Ultra-Short Obligations Funds	0.72%	1.43%	-	-	-	-
ICE BofAML U.S. Treasury Bill Index	0.79%	1.31%	-	-	-	0.98%

Fund Expense Ratio :

Gross 0.34%

Net 0.23%

Fund Expense Ratio :

Gross 0.34%

Net 0.23%

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

w/o sales charge	1.05%	1.84%	-	-	-	1.71%
Lipper Category Avg. Ultra-Short Obligations Funds	0.72%	1.43%	-	-	-	-
ICE BofAML U.S. Treasury Bill Index	0.79%	1.31%	-	-	-	0.98%

Fund Expense Ratio :

Gross 0.34%

Net 0.23%

Credit Quality Distribution as of 06/29/2018 View Portfolio

Rating	Assets
A-1/P-1
A-2/P-2
A-3/P-3
U.S. Treasury
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

20 Years of Industry Experience

Kewjin Yuoh

Partner & Portfolio Manager

24 Years of Industry Experience

Adam C. Castle, CFA

Portfolio Manager

10 Years of Industry Experience

Yoana Koleva, CFA

Portfolio Manager

15 Years of Industry Experience

Supported By 60 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 0.23%

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

w/o sales charge	1.05%	1.84%	-	-	-	1.71%
Lipper Category Avg. Ultra-Short Obligations Funds	0.72%	1.43%	-	-	-	-
ICE BofAML U.S. Treasury Bill Index	0.79%	1.31%	-	-	-	0.98%

Fund Expense Ratio :

Gross 0.34%

Net 0.23%

Fund Expense Ratio :

Gross 0.34%

Net 0.23%

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

w/o sales charge	1.05%	1.84%	-	-	-	1.71%
Lipper Category Avg. Ultra-Short Obligations Funds	0.72%	1.43%	-	-	-	-
ICE BofAML U.S. Treasury Bill Index	0.79%	1.31%	-	-	-	0.98%

Fund Expense Ratio :

Gross 0.34%

Net 0.23%

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

2017	1.66%	0.82%
2016	0.20%	0.37%

Year	Q1	Q2	Q3	Q4	Yearly Returns

2018	0.37%	0.68%	-	-	1.16%
2017	0.41%	0.45%	0.38%	0.41%	1.66%
2016	-	-	-	-	0.20%

Portfolio

Type	Assets
Corp Floating
Commercial Paper
ABS
U.S. Government Related
Corp Fixed Rate
Other
Cash

Maturity	Assets
Less than 1 year
1-2.99 years
3-4.99 years

CREDIT QUALITY DISTRIBUTION as of 06/29/2018

Rating	Assets
A-1/P-1
A-2/P-2
A-3/P-3
U.S. Treasury
AAA
AA
A
BBB

Portfolio Positioning as of 06/30/2018

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.
The 3-month London Interbank Offered Rate (LIBOR) remained relatively flat during the period, ending the quarter at 2.34%, only 3 basis points higher than levels seen last quarter, but 104 basis points higher than levels seen a year ago. Higher LIBOR rates tend to benefit the strategy, as large portions of the portfolio have floating rate coupons tied to LIBOR.
We increased the portfolio’s allocation to commercial paper during the second quarter in an effort to capture higher rates as result of the Federal Reserve increasing the federal funds rate.
We also increased the portfolio’s allocation to asset-backed securities (ABS). In addition to being a good source of liquidity, ABS presented unique relative value opportunities versus corporate issuers during the quarter.
We decreased the portfolio’s allocation to corporate floating rate notes during the second quarter. While we continue to maintain a positive view on the financials sector, as we believe this cyclical sector offers opportunities due to improving credit qualities and economic growth, we reduced our exposure to companies that we believe will be negatively impacted by global trade tensions.

Portfolio Details as of 06/29/2018

Total Net Assets: $6.32 B
Number of Issues: 536
Average Coupon: 1.79%
Average Life: 0.87 Years
Average Effective Duration: 0.26 Years

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

Holding	Coupon	Maturity	Assets

United States Treasury Bill	0.000%	11/08/2018	2.0%
UBS AG London	2.639%	05/28/2019	1.6%
Morgan Stanley	2.633%	02/14/2020	1.5%
ABN Amro Bank NV	2.374%	01/18/2019	1.5%
JPMorgan Chase & Co.	2.989%	01/28/2019	1.4%
Boston Scientific Corp.	0.000%	07/24/2018	1.3%
Pacific Gas & Electric Co.	2.537%	11/28/2018	1.2%
Sumitomo Mitsui Banking Corp	2.703%	01/17/2020	1.2%
Goldman Sachs Group, Inc.	2.939%	11/15/2018	1.2%
Energy Transfer Partners L.P.	0.000%	07/02/2018	1.1%

% of Total Assets			14.0%

Holding	Coupon	Maturity	Assets

UBS AG London	2.627%	05/28/2019	2.0%
ABN Amro Bank NV	2.374%	01/18/2019	1.8%
JPMorgan Chase & Co.	2.390%	01/28/2019	1.6%
Morgan Stanley	2.633%	02/14/2020	1.5%
Pacific Gas & Electric Co.	2.537%	11/28/2018	1.3%
Goldman Sachs Group, Inc.	2.939%	11/15/2018	1.3%
Energy Transfer Partners L.P.	0.000%	06/01/2018	1.2%
Bank of America Corp.	2.762%	01/15/2019	1.2%
Wells Fargo & Co.	2.447%	01/30/2020	1.2%
Sherwin-Williams Co.	0.000%	07/02/2018	1.0%
CNH Capital LLC	0.000%	07/16/2018	0.9%
Discovery Communications LLC	0.000%	06/29/2018	0.9%
United States Treasury Bill	0.000%	06/28/2018	0.9%
American Electric Power Co., Inc.	0.000%	06/21/2018	0.9%
ING Bank NV	2.788%	03/22/2019	0.9%
Glencore Funding LLC	0.000%	06/22/2018	0.8%
United States Treasury Bill	0.000%	11/08/2018	0.8%
Enbridge Energy Partners L.P.	0.000%	06/11/2018	0.8%
Canadian Natural Resources Ltd.	0.000%	06/25/2018	0.7%
Syngenta Wilmington, Inc.	0.000%	06/25/2018	0.7%
Plains All American Pipeline L.P.	0.000%	06/08/2018	0.7%
South Carolina Fuel Co Inc	0.000%	06/01/2018	0.7%
Thomson Reuters Corp.	0.000%	06/18/2018	0.7%
Constellation Brands, Inc.	0.000%	07/03/2018	0.7%
Kinder Morgan, Inc.	0.000%	06/01/2018	0.7%
Thomson Reuters Corp.	0.000%	07/09/2018	0.7%
Glencore Funding LLC	0.000%	06/26/2018	0.6%
DLL 2018-1 LLC	2.810%	11/17/2020	0.6%
Intesa Sanpaolo SpA	2.351%	07/17/2019	0.6%
Nissan Motor Acceptance Corp.	2.722%	03/15/2021	0.6%
Huntington National Bank	2.581%	03/10/2020	0.6%
Canadian Imperial Bank of Commerce/New York NY	2.612%	09/20/2019	0.6%
Arrow Electronics, Inc.	0.000%	06/11/2018	0.6%
Sumitomo Mitsui Banking Corp	2.703%	01/17/2020	0.6%
Newell Rubbermaid, Inc.	0.000%	06/11/2018	0.6%
HSBC Holdings plc	2.926%	05/18/2021	0.6%
ONEOK, Inc.	0.000%	06/05/2018	0.6%
Hewlett-Packard Co.	0.000%	06/06/2018	0.6%
American Electric Power Co., Inc.	0.000%	06/12/2018	0.6%
World Financial Network Credit Card Master Trust	1.980%	06/15/2023	0.5%
Hawaiian Electric Co., Inc.	0.000%	06/06/2018	0.5%
Aon plc	0.000%	06/22/2018	0.5%
Bemis Co., Inc.	0.000%	06/01/2018	0.5%
Flagship Credit Auto Trust 2018-2	2.970%	10/17/2022	0.5%
Citigroup, Inc.	2.445%	06/07/2019	0.5%
CVS Caremark Corp.	2.687%	03/09/2020	0.5%
Citibank, Inc.	2.678%	05/01/2020	0.5%
Canadian Natural Resources Ltd.	0.000%	06/22/2018	0.5%
Drive Auto Receivables Trust	3.190%	07/15/2022	0.5%
GMF Floorplan Owner Revolving Trust	2.239%	03/15/2022	0.5%
JPMorgan Chase Bank NA	2.702%	04/26/2021	0.5%
Manufacturers & Traders Trust Co	3.116%	12/28/2020	0.5%
Goldman Sachs Group, Inc.	2.785%	04/25/2019	0.5%
Sumitomo Mitsui Banking Corp	2.044%	10/18/2019	0.5%
Harris Corp.	0.000%	06/25/2018	0.5%
Smithfield Foods, Inc.	0.000%	06/14/2018	0.5%
Wells Fargo Bank, N.A.	1.974%	01/15/2020	0.5%
Boston Scientific Corp.	0.000%	06/14/2018	0.5%
Enbridge Energy Partners L.P.	0.000%	06/22/2018	0.5%
Entergy Corp.	0.000%	07/06/2018	0.5%
US Bank NA	2.613%	05/21/2021	0.5%
General Electric Co.	2.324%	01/09/2020	0.5%
Discovery Communications LLC	0.000%	06/22/2018	0.5%
Santander UK plc	3.054%	03/14/2019	0.4%
Macquarie Bank Ltd.	2.047%	04/04/2019	0.4%
UDR, Inc.	0.000%	06/18/2018	0.4%
NextGear Floorplan Master Owner Trust	2.190%	09/15/2021	0.4%
Equifax, Inc.	0.000%	06/18/2018	0.4%
Boston Scientific Corp.	0.000%	06/19/2018	0.4%
Bank of Montreal	1.786%	09/11/2019	0.4%
Springleaf Funding Trust 2016-A	2.900%	11/15/2029	0.4%
Sempra Global	0.000%	06/07/2018	0.4%
Westpac Banking Corp.	2.530%	05/13/2019	0.4%
Entergy Corp.	0.000%	08/09/2018	0.4%
Boston Scientific Corp.	0.000%	06/12/2018	0.4%
Goldman Sachs Group, Inc.	2.764%	10/23/2019	0.4%
Ally Master Owner Trust	2.259%	06/15/2021	0.4%
Standard Chartered plc	3.460%	08/19/2019	0.4%
Vulcan Materials Co.	2.570%	03/01/2021	0.4%
Swedbank AB	2.480%	11/01/2018	0.4%
Zimmer Biomet Holdings, Inc.	2.928%	03/19/2021	0.4%
Goldman Sachs Group, Inc.	3.022%	12/27/2020	0.4%
WGL Holdings, Inc.	2.657%	03/12/2020	0.4%
WGL Holdings, Inc.	2.384%	11/29/2019	0.4%
South Carolina Fuel Co Inc	0.000%	06/04/2018	0.4%
Hawaiian Electric Co., Inc.	0.000%	06/05/2018	0.4%
Sherwin-Williams Co.	0.000%	06/18/2018	0.4%
Svenska Handelsbanken/New York NY	2.629%	10/21/2019	0.4%
Lloyds Bank plc	2.853%	05/07/2021	0.4%
BAT International Finance plc	0.000%	06/04/2018	0.4%
Hyundai Auto Lease Securitization Trust 2016-B	1.520%	10/15/2019	0.4%
Entergy Corp.	0.000%	08/17/2018	0.4%
Harley-Davidson Financial Services Inc	2.821%	05/21/2020	0.4%
Sofi Professional Loan Program 2018-B Trust	2.640%	08/25/2047	0.4%
CRH America Finance, Inc.	0.000%	07/25/2018	0.4%
General Motors Financial Co., Inc.	3.250%	05/09/2019	0.4%
Suncor Energy, Inc.	0.000%	08/08/2018	0.3%
Foursight Capital Automobile Receivables Trust 201	2.850%	08/16/2021	0.3%
American Credit Acceptance Receivables Trust 2018-	2.720%	03/10/2021	0.3%
Credit Acceptance Auto Loan Trust 2016-2	2.420%	11/15/2023	0.3%
Santander Drive Auto Receivables Trust 2015-5	3.650%	12/15/2021	0.3%
OneMain Financial Issuance Trust 2015	3.190%	03/18/2026	0.3%
PFS Financing Corp.	2.319%	02/15/2022	0.3%
Martin Marietta Materials, Inc.	2.125%	12/20/2019	0.3%
Citibank Credit Card Issuance Trust	1.920%	04/07/2022	0.3%
Santander UK plc	3.169%	08/24/2018	0.3%
Arrow Electronics, Inc.	0.000%	06/19/2018	0.3%
Cabela's Credit Card Master Note Trust	2.369%	07/15/2022	0.3%
Ford Motor Credit Co. LLC	2.641%	08/12/2019	0.3%
Ford Motor Credit Co. LLC	2.704%	01/09/2020	0.3%
Harris Corp.	0.000%	06/05/2018	0.3%
UBS AG	2.473%	08/14/2019	0.3%
UBS AG London	2.486%	12/01/2020	0.3%
Macquarie Bank Ltd.	1.938%	03/15/2019	0.3%
Citibank, Inc.	1.860%	09/18/2019	0.3%
Gilead Sciences, Inc.	1.795%	09/20/2018	0.3%
Citigroup, Inc.	2.474%	04/08/2019	0.3%
JPMorgan Chase Bank NA	2.070%	02/13/2020	0.3%
Skandinaviska Enskilda Banken AB	2.659%	09/13/2019	0.3%
Sempra Energy	1.959%	07/15/2019	0.3%
Arrow Electronics, Inc.	0.000%	06/20/2018	0.3%
Boston Scientific Corp.	0.000%	06/26/2018	0.3%
Campbell Soup Co.	2.645%	03/16/2020	0.3%
Ford Motor Credit Co. LLC	2.835%	04/05/2021	0.3%
Daimler Finance North America LLC	2.753%	05/04/2020	0.3%
Westpac Banking Corp.	2.623%	05/15/2020	0.3%
National Australia Bank Ltd.	2.059%	01/12/2021	0.3%
Phillips 66	2.372%	04/15/2019	0.3%
Gilead Sciences, Inc.	1.845%	03/20/2019	0.3%
Master Credit Card Trust II	2.260%	07/21/2021	0.3%
Santander UK plc	2.920%	06/01/2021	0.3%
Morgan Stanley	3.733%	02/01/2019	0.3%
Exeter Automobile Receivables Trust 2017-3	2.050%	12/15/2021	0.3%
Bemis Co., Inc.	0.000%	06/07/2018	0.3%
Drive Auto Receivables Trust	3.910%	05/17/2021	0.3%
Toyota Auto Receivables 2016-D Owner Trust	1.230%	10/15/2020	0.3%
Morgan Stanley	2.903%	02/10/2021	0.3%
OSCAR US Funding Trust VII LLC	2.579%	11/10/2020	0.3%
Americredit Automobile Receivables Trust	2.470%	11/09/2020	0.3%
Goldman Sachs Group, Inc.	2.363%	12/13/2019	0.3%
Ford Motor Credit Co. LLC	3.284%	01/08/2019	0.3%
Drive Auto Receivables Trust 2018-2	2.880%	06/15/2021	0.3%
Sofi Professional Loan Program 2018-A LLC	2.390%	02/25/2042	0.3%
Bank of America Corp.	3.178%	04/01/2019	0.3%
Molex Electronics Technologies LLC	0.000%	06/11/2018	0.2%
CPS Auto Receivables Trust 2018-B	2.720%	09/15/2021	0.2%
Chase Issuance Trust	2.123%	04/17/2023	0.2%
Martin Marietta Materials, Inc.	2.980%	05/22/2020	0.2%
AIG Global Funding	2.788%	07/02/2020	0.2%
Chesapeake Funding II LLC	2.110%	03/15/2028	0.2%
BankAmerica Capital III	2.918%	01/15/2027	0.2%
Plains All American Pipeline L.P.	0.000%	06/01/2018	0.2%
Australia & New Zealand Banking Group Ltd.	2.816%	05/17/2021	0.2%
AmeriCredit Automobile Receivables 2015-1	2.510%	01/08/2021	0.2%
California Republic Auto Receivables Trust 2017-1	2.280%	06/15/2022	0.2%
Capital One Multi-Asset Execution Trust	2.000%	01/17/2023	0.2%
SCF Equipment Leasing 2018-1 LLC	3.630%	10/20/2024	0.2%
CPS Auto Trust	3.310%	12/15/2022	0.2%
Credit Agricole S.A.	2.522%	04/15/2019	0.2%
Macquarie Bank Ltd.	2.902%	01/15/2019	0.2%
MMAF Equipment Finance LLC 2014-A	1.590%	02/08/2022	0.2%
Baxalta, Inc.	2.438%	06/22/2018	0.2%
Newell Rubbermaid, Inc.	0.000%	06/14/2018	0.2%
Citibank, Inc.	1.965%	03/20/2019	0.2%
Capital Auto Receivables Asset Trust	2.670%	08/20/2020	0.2%
Nordea Bank AB	2.777%	05/29/2020	0.2%
Daimler Finance North America LLC	2.241%	02/12/2021	0.2%
Becton, Dickinson & Co.	2.944%	12/29/2020	0.2%
Drive Auto Receivables Trust	5.150%	08/15/2022	0.2%
Daimler Finance North America LLC	2.387%	10/30/2019	0.2%
Engs Commercial Finance Trust 2018-1	2.970%	02/22/2021	0.2%
SCF Equipment Leasing 2018-1 LLC	2.810%	04/20/2021	0.2%
Drive Auto Receivables Trust	3.720%	10/17/2022	0.2%
Expedia, Inc.	7.456%	08/15/2018	0.2%
Honda Auto Receivables 2017-3 Owner Trust	1.790%	09/20/2021	0.2%
Branch Banking & Trust Co.	2.226%	06/01/2020	0.2%
Australia & New Zealand Banking Group Ltd.	1.863%	12/19/2019	0.2%
Barclays Bank plc	2.530%	10/28/2019	0.2%
John Deere Capital Corp.	1.816%	07/05/2019	0.2%
Citibank, Inc.	2.045%	10/20/2020	0.2%
Assurant, Inc.	3.542%	03/26/2021	0.2%
ConAgra Brands, Inc.	2.204%	10/09/2020	0.2%
Alimentation Couche-Tard, Inc.	2.074%	12/13/2019	0.2%
Santander UK plc	2.087%	11/03/2020	0.2%
Dollar Tree, Inc.	3.055%	04/17/2020	0.2%
Enbridge Energy Partners L.P.	0.000%	06/07/2018	0.2%
Potash Corp.	0.000%	06/12/2018	0.2%
General Dynamics Corp.	2.646%	05/11/2020	0.2%
ABN Amro Bank NV	2.149%	01/19/2021	0.2%
Suncor Energy, Inc.	0.000%	08/09/2018	0.2%
Spirit AeroSystems, Inc.	3.118%	06/15/2021	0.2%
Equifax, Inc.	3.139%	08/15/2021	0.2%
Wells Fargo Bank, N.A.	2.158%	12/06/2019	0.2%
Credit Acceptance Auto Loan Trust 2016-3	2.150%	04/15/2024	0.2%
Commonwealth Bank of Australia	1.986%	03/10/2020	0.2%
Sumitomo Mitsui Trust Bank Ltd	2.053%	09/19/2019	0.2%
Newell Rubbermaid, Inc.	0.000%	06/15/2018	0.2%
AmeriCredit Automobile Receivables Trust 2017-4	2.040%	07/18/2022	0.2%
CPS Auto Receivables Trust 2016-C	3.270%	06/15/2022	0.2%
Ford Motor Credit Co. LLC	2.379%	03/12/2019	0.2%
Bank of Montreal	2.671%	12/12/2019	0.2%
Barclays Dryrock Issuance Trust	2.410%	07/15/2022	0.2%
Arrow Electronics, Inc.	0.000%	06/14/2018	0.2%
Drive Auto Receivables Trust	4.530%	08/15/2023	0.2%
SOFI PROFESSIONAL LOAN PROGRAM 2017-F LLC	2.050%	01/25/2041	0.2%
Drive Auto Receivables Trust 2017-2	2.750%	09/15/2023	0.2%
Capital One Multi-Asset Execution Trust	1.330%	06/15/2022	0.2%
National Australia Bank Ltd.	2.747%	12/09/2019	0.2%
DLL 2018-1 LLC	2.450%	05/17/2019	0.2%
General Motors Financial Co., Inc.	2.650%	04/13/2020	0.2%
ING Bank NV	2.931%	08/15/2019	0.2%
Drive Auto Receivables Trust 2017-1	2.840%	04/15/2022	0.2%
Standard Chartered plc	3.460%	08/19/2019	0.2%
American Express Credit Corp.	2.117%	05/03/2019	0.2%
Oscar US Funding Trust	2.550%	12/15/2021	0.2%
Drive Auto Receivables Trust	2.610%	08/16/2021	0.1%
PFS Financing Corp.	1.870%	10/15/2021	0.1%
Bank of Montreal	2.382%	07/31/2018	0.1%
OneMain Financial Issuance Trust 2016-2	4.100%	03/20/2028	0.1%
Ascentium Equipment Receivables 2017-2 Trust	2.000%	05/11/2020	0.1%
World Financial Network Credit Card Master Trust	3.340%	04/17/2023	0.1%
Discover Card Execution Note Trust	1.640%	07/15/2021	0.1%
Commonwealth Bank of Australia	2.000%	09/18/2020	0.1%
Metropolitan Life Global Funding I	2.398%	09/19/2019	0.1%
Navient Student Loan Trust 2018-1	2.150%	03/25/2067	0.1%
Capital Auto Receivables Asset Trust 2017-1	1.760%	06/22/2020	0.1%
Sempra Energy	2.209%	01/15/2021	0.1%
ONEOK, Inc.	0.000%	06/01/2018	0.1%
Ally Auto Receivables Trust 2014-3	2.140%	07/15/2020	0.1%
Flagship Credit Auto Trust	3.050%	08/16/2021	0.1%
Nordea Bank AB	2.922%	09/30/2019	0.1%
Capital Auto Receivables Asset Trust 2017-1	2.020%	08/20/2021	0.1%
Phillips 66	2.918%	02/26/2021	0.1%
Drive Auto Receivables Trust	2.980%	01/18/2022	0.1%
Mercedes-Benz Master Owner Trust 2018-BA	2.274%	05/15/2023	0.1%
AmeriCredit Automobile Receivables Trust 2015-3	2.730%	03/08/2021	0.1%
California Republic Auto Receivables Trust 2015-4	2.580%	06/15/2021	0.1%
Chesapeake Funding II LLC	1.880%	06/15/2028	0.1%
Nissan Motor Acceptance Corp.	2.302%	01/13/2020	0.1%
Chrysler Capital Auto Receivables Trust	3.150%	01/18/2022	0.1%
Citigroup, Inc.	2.375%	12/07/2018	0.1%
Hyundai Capital America	2.400%	10/30/2018	0.1%
Vulcan Materials Co.	2.725%	06/15/2020	0.1%
Wells Fargo & Co.	1.974%	09/14/2018	0.1%
Santander Drive Auto Receivables Trust 2017-3	1.870%	06/15/2021	0.1%
Conn's Receivables Funding 2017-B LLC	2.730%	07/15/2020	0.1%
General Electric Co.	2.232%	01/14/2019	0.1%
PFS Financing Corp.	2.179%	02/15/2022	0.1%
Drive Auto Receivables Trust	4.180%	03/15/2024	0.1%
Mercedes-Benz Auto Lease Trust 2018-A	2.200%	04/15/2020	0.1%
Time Warner, Inc.	0.000%	07/23/2018	0.1%
Holmes Master Issuer plc	2.289%	01/15/2019	0.1%
Foursight Capital Automobile Receivables Trust 201	3.240%	09/15/2022	0.1%
Ford Motor Credit Co. LLC	2.793%	11/02/2020	0.1%
Origin Energy Finance Ltd.	3.500%	10/09/2018	0.1%
General Motors Co.	3.500%	10/02/2018	0.1%
Commonwealth Bank of Australia	4.650%	06/15/2018	0.1%
General Motors Financial Co., Inc.	3.780%	01/15/2019	0.1%
Capital Auto Receivables Asset Trust	2.290%	05/20/2020	0.1%
Daimler Finance North America LLC	2.334%	01/06/2020	0.1%
Danske Bank A/S	2.605%	09/06/2019	0.1%
OneMain Financial Issuance Trust 2016-1A	3.660%	02/20/2029	0.1%
Chesapeake Funding II LLC	2.120%	11/15/2029	0.1%
General Motors Co.	3.163%	08/07/2020	0.1%
Bank of Nova Scotia	2.112%	07/14/2020	0.1%
Nissan Motor Acceptance Corp.	2.076%	09/28/2020	0.1%
Federation des Caisses Desjardins du Quebec	2.097%	10/30/2020	0.1%
Tyson Foods, Inc.	2.780%	08/21/2020	0.1%
CNH Capital LLC	0.000%	06/25/2018	0.1%
DLL Securitization Trust 2017-A	1.890%	07/15/2020	0.1%
Santander Drive Auto Receivables Trust 2016-3	2.460%	03/15/2022	0.1%
Goldman Sachs Group, Inc.	2.904%	04/23/2020	0.1%
Chesapeake Funding II LLC	1.990%	05/15/2029	0.1%
Access Point Funding I 2017-1 LLC	3.060%	04/15/2029	0.1%
Columbia Pipeline Group, Inc.	2.450%	06/01/2018	0.1%
Sofi Professional Loan Program 2017-C LLC	1.750%	07/25/2040	0.1%
Hewlett-Packard Co.	0.000%	06/07/2018	0.1%
Barclays Dryrock Issuance Trust 2016-1	1.520%	05/16/2022	0.1%
CarMax Auto Owner Trust	1.400%	08/15/2021	0.1%
ACC Trust 2018-1	3.700%	12/21/2020	0.1%
HSBC USA, Inc.	2.555%	09/24/2018	0.1%
Spectra Energy Partners L.P.	0.000%	06/01/2018	0.1%
World Financial Network Credit Card Master Trust	3.090%	04/17/2023	0.1%
Citigroup, Inc.	3.127%	01/10/2020	0.1%
Flagship Credit Auto Trust 2016-3	2.430%	06/15/2021	0.1%
American Express Credit Corp.	2.811%	08/15/2019	0.1%
Daimler Finance North America LLC	2.613%	11/05/2018	0.1%
Canadian Imperial Bank of Commerce	2.545%	09/06/2019	0.1%
TCF Auto Receivables Owner Trust	1.960%	11/16/2020	0.1%
Ford Credit Auto Owner Trust 2015-REV1	2.120%	07/15/2026	0.1%
General Motors Financial Co., Inc.	2.967%	10/04/2019	0.1%
UBS AG London	1.835%	12/07/2018	0.1%
Citigroup, Inc.	2.647%	07/30/2018	0.1%
National Australia Bank Ltd.	2.840%	05/22/2020	0.1%
Citibank, Inc.	2.030%	11/09/2018	0.1%
Volvo Financial Equipment LLC	1.910%	01/15/2020	0.1%
South Carolina Fuel Co Inc	0.000%	06/20/2018	0.1%
PPL Capital Funding, Inc.	1.900%	06/01/2018	0.1%
CRH America Finance, Inc.	0.000%	08/08/2018	0.1%
CarFinance Capital Auto Trust	3.580%	06/15/2021	0.1%
Exeter Automobile Receivables Trust 2016-3	4.220%	06/15/2022	0.1%
American Credit Acceptance Receivables Trust 2018-	3.550%	04/10/2024	0.1%
Westgate Resorts 2018-1 LLC	3.380%	12/20/2031	0.1%
Chase Issuance Trust	2.289%	04/15/2021	0.1%
Nucor Corp.	5.850%	06/01/2018	0.1%
Capital Auto Receivables Asset Trust	3.140%	02/20/2020	0.1%
Flagship Credit Auto Trust 2017-1	1.930%	12/15/2021	0.1%
Westlake Automobile Receivables Trust 2016-2	4.100%	06/15/2021	0.1%
National Australia Bank Ltd.	2.927%	01/10/2020	0.1%
Santander Drive Auto Receivables Trust 2015-4	2.970%	03/15/2021	0.1%
First National Master Note Trust 2017-2	2.359%	10/16/2023	0.1%
Viacom, Inc.	0.000%	06/15/2018	0.1%
Daimler Finance North America LLC	2.317%	05/05/2020	0.1%
AmeriCredit Automobile Receivables Trust	2.860%	12/09/2019	0.1%
Wells Fargo Bank, N.A.	2.919%	05/24/2019	0.1%
Bank of Montreal	2.028%	06/15/2020	0.1%
Drive Auto Receivables Trust	3.380%	11/15/2021	0.1%
Flagship Credit Auto Trust	2.380%	10/15/2020	0.1%
Nissan Motor Acceptance Corp.	2.533%	03/08/2019	0.1%
Santander Drive Auto Receivables Trust 2017-2	2.210%	10/15/2021	0.1%
ING Bank NV	3.111%	08/17/2018	0.1%
Danske Bank A/S	2.527%	03/02/2020	0.1%
Citizens Bank N.A.	2.557%	03/02/2020	0.1%
Westpac Banking Corp.	2.341%	01/17/2019	0.1%
Bemis Co., Inc.	0.000%	06/06/2018	0.1%
Ford Credit Auto Owner Trust/Ford Credit 2014-REV1	2.260%	11/15/2025	0.1%
CPS Auto Receivables Trust 2017-D	2.430%	01/18/2022	0.1%
Toronto-Dominion Bank	2.284%	07/23/2018	0.1%
General Motors Financial Co., Inc.	6.750%	06/01/2018	0.1%
South Carolina Electric & Gas Co.	6.500%	11/01/2018	0.1%
Westlake Automobile Receivables Trust 2018-1	2.920%	05/15/2023	0.1%
SoFi Consumer Loan Program 2016-2 LLC	3.090%	10/27/2025	0.1%
Chesapeake Funding II LLC	2.369%	05/15/2029	0.1%
First Investors Auto Owner Trust	2.280%	09/15/2021	0.1%
Santander Drive Auto Receivables Trust	2.730%	10/15/2019	0.1%
Ally Auto Receivables Trust	1.530%	03/16/2020	0.1%
Flagship Credit Auto Trust 2014-1	3.340%	04/15/2020	0.1%
Barclays Dryrock Issuance Trust	2.219%	05/15/2023	0.1%
Synchrony Credit Card Master Note Trust	2.040%	03/15/2022	0.0%
Chrysler Capital Auto Receivables Trust	2.700%	05/15/2020	0.0%
Nissan Auto Receivables 2017-C Owner Trust	2.120%	04/18/2022	0.0%
Capital Auto Receivables Asset Trust	3.340%	03/22/2021	0.0%
SoFi Professional Loan Program 2017-E LLC	1.860%	11/26/2040	0.0%
Chrysler Capital Auto Receivables Trust 2016-B	1.640%	07/15/2021	0.0%
Wells Fargo Bank, N.A.	2.484%	11/28/2018	0.0%
CCG Receivables Trust 2018-1	2.500%	06/16/2025	0.0%
Avid Automobile Receivables Trust 2018-1	2.840%	08/15/2023	0.0%
AmeriCredit Automobile Receivables Trust 2016-3	2.240%	04/08/2022	0.0%
Drive Auto Receivables Trust	3.020%	11/15/2021	0.0%
Flagship Credit Auto Trust	1.980%	10/15/2020	0.0%
Harley-Davidson Financial Services Inc	1.873%	03/08/2019	0.0%
National Rural Utilities Cooperative Finance Corp.	10.375%	11/01/2018	0.0%
Fifth Third Bank, OH	2.882%	09/27/2019	0.0%
CPS Auto Receivables Trust 2017-D	1.870%	03/15/2021	0.0%
GE Dealer Floorplan Master Note Trust	2.598%	01/20/2022	0.0%
HSBC USA, Inc.	3.133%	08/07/2018	0.0%
World Financial Network Credit Card Master Trust	1.980%	08/15/2023	0.0%
Flagship Credit Auto Trust 2017-4	2.070%	04/15/2022	0.0%
NextGear Floorplan Master Owner Trust	2.740%	04/15/2021	0.0%
Australia & New Zealand Banking Group Ltd.	2.931%	09/23/2019	0.0%
JPMorgan Chase Bank NA	2.265%	09/23/2019	0.0%
QUALCOMM, Inc.	2.690%	05/20/2019	0.0%
Caterpillar Financial Services Corp.	1.688%	12/06/2018	0.0%
Tyson Foods, Inc.	2.434%	05/30/2019	0.0%
Citizens Bank N.A.	2.514%	05/26/2020	0.0%
Drive Auto Receivables Trust	2.510%	01/15/2021	0.0%
Buckeye Partners L.P.	2.650%	11/15/2018	0.0%
GreatAmerica Leasing Receivables Funding LLC Serie	2.350%	05/15/2020	0.0%
Campbell Soup Co.	0.000%	07/10/2018	0.0%
ING Bank NV	2.998%	10/01/2019	0.0%
CarMax Auto Owner Trust 2017-3	1.640%	09/15/2020	0.0%
AmeriCredit Automobile Receivables Trust 2016-3	1.460%	05/10/2021	0.0%
Drive Auto Receivables Trust 2017-3	2.800%	07/15/2022	0.0%
Royal Bank of Canada	2.432%	04/15/2019	0.0%
KeyBank NA	2.350%	03/08/2019	0.0%
NextGear Floorplan Master Owner Trust	2.380%	10/15/2020	0.0%
Enterprise Fleet Financing LLC	1.970%	01/20/2023	0.0%
Discover Card Execution Note Trust	1.390%	03/15/2022	0.0%
Boston Scientific Corp.	0.000%	06/20/2018	0.0%
Americredit Automobile Receivables Trust 2016-4	1.830%	12/08/2021	0.0%
First Investors Auto Owner Trust 2017-2	1.860%	10/15/2021	0.0%
Chesapeake Funding II LLC	1.910%	08/15/2029	0.0%
Prestige Auto Receivables Trust 2014-1	2.910%	07/15/2021	0.0%
Chesapeake Funding II LLC	2.919%	06/15/2028	0.0%
Oncor Electric Delivery Co. LLC	6.800%	09/01/2018	0.0%
CPS Auto Receivables Trust 2018-A	2.770%	04/18/2022	0.0%
Santander Drive Auto Receivables Trust	3.240%	04/15/2021	0.0%
First Investors Auto Owner Trust	2.000%	03/15/2022	0.0%
General Motors Financial Co., Inc.	3.282%	01/15/2020	0.0%
Enterprise Fleet Financing LLC	2.130%	07/20/2022	0.0%
AmeriCredit Automobile Receivables Trust 2015-3	2.080%	09/08/2020	0.0%
Santander Drive Auto Receivables Trust 2016-3	1.890%	06/15/2021	0.0%
World Financial Network Credit Card Master Trust	3.140%	01/17/2023	0.0%
Flagship Credit Auto Trust 2017-3	1.880%	10/15/2021	0.0%
CPS Auto Trust	2.680%	05/17/2021	0.0%
Westlake Automobile Receivables Trust 2016-2	2.830%	05/17/2021	0.0%
HSBC USA, Inc.	2.965%	11/13/2019	0.0%
AmeriCredit Automobile Receivables Trust 2016-3	1.800%	10/08/2021	0.0%
World Financial Network Credit Card Master Trust	2.150%	04/17/2023	0.0%
MMAF Equipment Finance LLC	1.980%	06/10/2032	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%
JPMorgan Chase & Co.	2.498%	03/22/2019	0.0%
Santander Drive Auto Receivables Trust	3.760%	07/15/2021	0.0%
AmeriCredit Automobile Receivables Trust 2017-2	1.650%	09/18/2020	0.0%
CPS Auto Receivables Trust 2017-C	2.300%	07/15/2021	0.0%
Atlantic City Electric Co.	7.750%	11/15/2018	0.0%
Wells Fargo & Co.	3.242%	07/22/2020	0.0%
Morgan Stanley	2.591%	01/24/2019	0.0%
Drive Auto Receivables Trust 2017-1	2.360%	03/15/2021	0.0%
Capital Auto Receivables Asset Trust 2016-2	2.110%	03/22/2021	0.0%
Santander Drive Auto Receivables Trust	3.490%	09/15/2021	0.0%
Santander Drive Auto Receivables Trust 2015-5	2.740%	12/15/2021	0.0%
CarMax Auto Owner Trust	1.560%	11/16/2020	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%
AmeriCredit Automobile Receivables Trust 2015-2	2.400%	01/08/2021	0.0%
Santander Drive Auto Receivables Trust 2014-5	2.460%	06/15/2020	0.0%
Westlake Automobile Receivables Trust 2017-2	1.800%	07/15/2020	0.0%
Drive Auto Receivables Trust	2.370%	11/16/2020	0.0%
TCF Auto Receivables Owner Trust 2016-PT1	1.930%	06/15/2022	0.0%
International Lease Finance Corp.	7.125%	09/01/2018	0.0%
Daimler Finance North America LLC	2.633%	08/01/2018	0.0%
SoFi Professional Loan Program 2017-D LLC	1.720%	09/25/2040	0.0%
Laurel Road Prime Student Loan Trust 2017-B	1.630%	08/25/2042	0.0%
Flagship Credit Auto Trust 2017-2	1.850%	07/15/2021	0.0%
SLM Private Education Loan Trust	3.310%	10/15/2046	0.0%
Capital One Multi-Asset Execution Trust	1.600%	05/17/2021	0.0%
California Republic Auto Receivables Trust	1.820%	09/15/2020	0.0%
Barclays Dryrock Issuance Trust 2017-1	2.249%	03/15/2023	0.0%
Drive Auto Receivables Trust 2017-2	1.820%	06/15/2020	0.0%
Bank of Tokyo-Mitsubishi UFJ Ltd/The	2.594%	09/14/2018	0.0%
AmeriCredit Automobile Receivables Trust 2017-3	1.690%	12/18/2020	0.0%
U.S. Treasury Note/Bond	1.375%	06/30/2018	0.0%
Fifth Third Bank, OH	3.239%	08/20/2018	0.0%
Hewlett Packard Enterprise Co.	3.626%	10/05/2018	0.0%
American Credit Acceptance Receivables Trust 2017-	1.820%	03/10/2020	0.0%
Prestige Auto Receivables Trust 2015-1	2.040%	04/15/2021	0.0%
SunTrust Auto Receivables Trust	1.780%	01/15/2021	0.0%
AmeriCredit Automobile Receivables Trust	2.180%	06/08/2020	0.0%
Fresenius Medical Care US Finance II, Inc.	6.500%	09/15/2018	0.0%
American Credit Acceptance Receivables Trust 2015-	4.840%	10/12/2021	0.0%
California Republic Auto Receivables Trust 2016-2	1.560%	07/15/2020	0.0%
DRB Prime Student Loan Trust	1.750%	05/27/2042	0.0%
CarMax Auto Owner Trust 2017-2	1.630%	06/15/2020	0.0%
Leaf Receivables Funding 12 LLC	2.070%	08/15/2020	0.0%
CPS Auto Receivables Trust 2017-C	1.780%	09/15/2020	0.0%
Capital Auto Receivables Asset Trust 2016-2	1.460%	06/22/2020	0.0%
South Carolina Electric & Gas Co.	5.250%	11/01/2018	0.0%
Drive Auto Receivables Trust 2017-2	2.250%	06/15/2021	0.0%
Chrysler Capital Auto Receivables Trust	1.550%	02/18/2020	0.0%
California Republic Auto Receivables Trust 2016-2	1.830%	12/15/2021	0.0%
Texas-New Mexico Power Co.	9.500%	04/01/2019	0.0%
Commonwealth Bank of Australia	2.648%	03/15/2019	0.0%
Western Gas Partners L.P.	2.600%	08/15/2018	0.0%
Ford Motor Credit Co. LLC	3.293%	11/04/2019	0.0%
DLL Securitization Trust 2017-A	1.500%	11/15/2018	0.0%
Carmax Auto Owner Trust	1.390%	05/17/2021	0.0%
CNH Equipment Trust	1.850%	04/15/2021	0.0%
Santander Drive Auto Receivables Trust 2016-3	1.500%	08/17/2020	0.0%
Commonwealth Bank of Australia	3.153%	11/02/2018	0.0%
Santander Drive Auto Receivables Trust 2017-2	1.600%	03/16/2020	0.0%
Societe Generale S.A.	3.388%	10/01/2018	0.0%
Ford Credit Floorplan Master Owner Trust A	1.760%	02/15/2021	0.0%
First Investors Auto Owner Trust 2016-2	1.870%	11/15/2021	0.0%
Chrysler Capital Auto Receivables Trust	3.440%	08/16/2021	0.0%
Wheels SPV 2 LLC	1.590%	05/20/2025	0.0%
Santander Drive Auto Receivables Trust	2.600%	11/16/2020	0.0%
Southern Co.	1.550%	07/01/2018	0.0%
Ascentium Equipment Receivables 2016-1 Trust	2.850%	07/10/2020	0.0%
Chrysler Capital Auto Receivables Trust 2016-A	1.770%	10/15/2020	0.0%
Engs Commercial Finance Trust	2.630%	02/22/2022	0.0%
Flagship Credit Auto Trust 2016-4	1.960%	02/16/2021	0.0%
Ally Master Owner Trust	2.319%	02/15/2021	0.0%
Nissan Auto Receivables 2016-B Owner Trust	1.320%	01/15/2021	0.0%
Prudential Financial, Inc.	3.101%	08/15/2018	0.0%
California Republic Auto Receivables Trust	1.750%	01/15/2021	0.0%
Ascentium Equipment Receivables 2017-1 Trust	1.870%	07/10/2019	0.0%
First Investors Auto Owner Trust 2016-2	1.530%	11/16/2020	0.0%
OneMain Financial Issuance Trust	2.570%	07/18/2025	0.0%
Mercedes-Benz Master Owner Trust 2016-B	2.619%	05/17/2021	0.0%
CarFinance Capital Auto Trust	1.750%	06/15/2021	0.0%
Kansas Gas & Electric Co.	6.700%	06/15/2019	0.0%
Ascentium Equipment Receivables 2016-2 Trust	1.460%	04/10/2019	0.0%
Exeter Automobile Receivables Trust 2014-3	5.690%	04/15/2021	0.0%
Westlake Automobile Receivables Trust 2017-1	2.300%	10/17/2022	0.0%
Dell Equipment Finance Trust	2.140%	04/22/2022	0.0%
ERAC USA Finance LLC	2.800%	11/01/2018	0.0%
BA Credit Card Trust	2.309%	10/15/2021	0.0%
Springleaf Funding Trust	3.160%	11/15/2024	0.0%
Hewlett-Packard Co.	2.662%	01/14/2019	0.0%
Diamond Resorts Owner Trust	2.990%	05/22/2028	0.0%
Enterprise Fleet Financing LLC	1.590%	02/22/2021	0.0%
Dell Equipment Finance Trust	1.860%	06/24/2019	0.0%
California Republic Auto Receivables Trust 2016-1	1.890%	05/15/2020	0.0%
U.S. Bancorp	2.145%	04/25/2019	0.0%
AstraZeneca plc	2.856%	11/16/2018	0.0%
Santander Drive Auto Receivables Trust	2.570%	04/15/2021	0.0%
Amgen, Inc.	2.930%	05/22/2019	0.0%
Bank of Montreal	2.384%	07/18/2019	0.0%
Drive Auto Receivables Trust	2.200%	05/15/2020	0.0%
First Investors Auto Owner Trust 2017-1	1.690%	04/15/2021	0.0%
First Investors Auto Owner Trust	2.750%	09/15/2021	0.0%
AmeriCredit Automobile Receivables Trust 2015-3	1.540%	03/09/2020	0.0%
BAT International Finance plc	1.850%	06/15/2018	0.0%
Toyota Motor Credit Corp.	2.121%	01/17/2019	0.0%
Westlake Automobile Receivables Trust 2016-3	2.070%	12/15/2021	0.0%
Transcontinental Gas Pipeline Co., LLC	6.050%	06/15/2018	0.0%
Drive Auto Receivables Trust	2.760%	07/15/2021	0.0%
Honda Auto Receivables 2015-3 Owner Trust	1.270%	04/18/2019	0.0%
Ford Credit Auto Owner Trust	1.040%	09/15/2019	0.0%
Honda Auto Receivables Trust	1.040%	04/18/2019	0.0%
California Republic Auto Receivables Trust 2015-4	2.040%	01/15/2020	0.0%
CPS Auto Receivables Trust	2.070%	11/15/2019	0.0%
CarMax Auto Owner Trust	1.210%	11/15/2019	0.0%

Dividends & Cap Gains

DIVIDEND PAYMENTS

For

YTD Dividends Paidas of 07/18/2018: $0.104
Dividend Frequency: Monthly (Daily Accrual)

Record Date	Ex-Dividend Date	Reinvest & Payable Date	Dividend	Reinvest Price
Daily	Daily	06/30/2018	$0.01932	$10.01
Daily	Daily	05/31/2018	$0.01947	$10.01
Daily	Daily	04/30/2018	$0.01900	$10.01
Daily	Daily	03/31/2018	$0.01659	$10.00
Daily	Daily	02/28/2018	$0.01487	$10.01
Daily	Daily	01/31/2018	$0.01505	$10.01

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	07/31/2018
Daily	Daily	08/31/2018
Daily	Daily	09/30/2018
Daily	Daily	10/31/2018
Daily	Daily	11/30/2018
Daily	Daily	12/31/2018

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
12/17/2018	12/18/2018

Fees & Expenses

EXPENSE RATIOas of 06/30/2018

Fund Gross Expense Ratio	Fund Net Expense Ratio
0.34%	0.23%

Expense ratio details, Click here.

The net expense ratio takes into account contractual fee waivers/expense reimbursements that currently are scheduled to remain in place through 03/31/2019. For periods when fees and expenses were waived and/or reimbursed, the Fund benefited by not bearing such expenses. Without such fee waivers/reimbursements, performance would have been lower.

Fund Documents

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

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

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 R6 - The inception date for Class R6 shares is June 30, 2015. The performance quotations for Class R6 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 R6 shares; and (b) for periods after June 30, 2015, actual Class R6 performance is used, which reflects all charges and fees applicable to Class R6 shares.

Class R6 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 07/18/2018

30-Day Standardized Yield 2 as of 06/30/2018

Fund Basicsas of 06/29/2018

Fund Expense Ratio :

Gross 0.34%

Net 0.23%

Fund Expense Ratio :

Gross 0.34%

Net 0.23%

Fund Expense Ratio :

Gross 0.34%

Net 0.23%

Fund Expense Ratio :

Gross 0.34%

Net 0.23%

RELATED CONTENT

Credit Quality Distribution as of 06/29/2018 View Portfolio

INVESTMENT TEAM

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Performance

Performance

NAV HISTORICAL PRICES

Fund Expense Ratio :

Gross 0.34%

Net 0.23%

Fund Expense Ratio :

Gross 0.34%

Net 0.23%

Fund Expense Ratio :

Gross 0.34%

Net 0.23%

Fund Expense Ratio :

Gross 0.34%

Net 0.23%

Portfolio

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Using Your Email Address.

7 Day Yield ^1,4 as of 07/18/2018

30-Day Standardized Yield ² as of 06/30/2018