Ultra Short Bond Fund

LUBWX

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Daily price w/o sales charge as of 05/07/2021

$10.03

$0.00

YTD Returns w/o sales charge as of 05/07/2021

0.09%

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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 05/07/2021

w/o sales charge

0.53%

30-Day Standardized Yield ² as of 03/31/2021

0.35%

Fund Basicsas of 03/31/2021

Total Net Assets: $19.85 B
Inception Date: 10/17/2016
Dividend Frequency: Monthly
Fund Expense Ratio: 0.25%
Number of Holdings: 514

Fund Expense Ratio :

0.25%

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

w/o sales charge	0.08%	1.44%	1.95%	-	-	1.84%
Lipper Category Avg. Ultra-Short Obligations Funds	0.18%	2.12%	1.92%	-	-	-
ICE BofA U.S. Treasury Bill Index	0.03%	0.12%	1.50%	-	-	1.29%

Fund Expense Ratio :

0.25%

Fund Expense Ratio :

0.25%

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

w/o sales charge	0.03%	2.56%	2.03%	-	-	1.87%
Lipper Category Avg. Ultra-Short Obligations Funds	0.11%	3.32%	1.95%	-	-	-
ICE BofA U.S. Treasury Bill Index	0.02%	0.12%	1.55%	-	-	1.32%

Fund Expense Ratio :

0.25%

The performance quoted represents past performance, which is no indication of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Therefore, there can be no assurance for future results.

Credit Quality Distribution as of 03/31/2021 View Portfolio

Rating	Assets
A-1/P-1
A-2/P-2
A-3/P-3
U.S. Treasury
AAA
AA
A
BBB
<BBB
Not Rated

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

INVESTMENT TEAM

Yoana N. Koleva, CFA

Managing Director, Portfolio Manager

17 Years of Industry Experience

Andrew H. O'Brien, CFA

Partner & Portfolio Manager

22 Years of Industry Experience

Kewjin Yuoh

Partner & Portfolio Manager

26 Years of Industry Experience

Adam C. Castle, CFA

Managing Director, Portfolio Manager

12 Years of Industry Experience

Supported By 64 Investment Professionals with 16 Years Avg. Industry Experience

Your Representative

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

Performance

NAV HISTORICAL PRICES

Date	Net Asset Value

Fund Expense Ratio :

0.25%

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

w/o sales charge	0.08%	1.44%	1.95%	-	-	1.84%
Lipper Category Avg. Ultra-Short Obligations Funds	0.18%	2.12%	1.92%	-	-	-
ICE BofA U.S. Treasury Bill Index	0.03%	0.12%	1.50%	-	-	1.29%

Fund Expense Ratio :

0.25%

Fund Expense Ratio :

0.25%

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

w/o sales charge	0.03%	2.56%	2.03%	-	-	1.87%
Lipper Category Avg. Ultra-Short Obligations Funds	0.11%	3.32%	1.95%	-	-	-
ICE BofA U.S. Treasury Bill Index	0.02%	0.12%	1.55%	-	-	1.32%

Fund Expense Ratio :

0.25%

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

2020	1.31%	0.74%
2019	3.02%	2.35%
2018	2.11%	1.88%
2017	1.66%	0.82%
2016	0.20%	0.37%

Year	Q1	Q2	Q3	Q4	Yearly Returns

2021	0.03%	-	-	-	0.09%
2020	-1.19%	2.09%	0.30%	0.14%	1.31%
2019	0.89%	0.89%	0.64%	0.57%	3.02%
2018	0.37%	0.68%	0.61%	0.44%	2.11%
2017	0.41%	0.45%	0.38%	0.41%	1.66%
2016	-	-	-	-	0.20%

Portfolio

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

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

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

CREDIT QUALITY DISTRIBUTION as of 03/31/2021

Rating	Assets
A-1/P-1
A-2/P-2
A-3/P-3
U.S. Treasury
AAA
AA
A
BBB
<BBB
Not Rated

Portfolio Positioning as of 12/31/2020

The Fund invests in a combination of corporate floating and fixed rate notes, commercial paper, and ABS to capture excess yield while mitigating credit, liquidity, and duration risk.
The primary shift in Fund’s positioning over the period was a modest shift from corporate floaters to corporate fixed rate paper. We believe there is less incentive to own rate protection via floaters as short-term rates are expected to remain lower for longer. The Fund’s commercial paper allocation has also decreased as a result of weaker supply in the market.
Overall, the Fund remains high-quality, short-term, and very liquid. We remain focused on maintaining a high degree of liquidity, which should allow us to continue to take advantage of attractive opportunities in the front-end markets.
We feel valuations are fair, though tight relative to historical levels. This is justified by improving economic fundamentals and an abundance of liquidity in the market. Overall, we continue to have a broadly constructive view on credit, and are positioning the Fund based on relative value, underlying fundamentals, and our top-down view.

Portfolio Details as of 03/31/2021

Total Net Assets: $19.85 B
Number of Issues: 514
Average Coupon: 1.42%
Average Life: 1.08 Years
Average Effective Duration: 0.54 Years

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

Holding	Coupon	Maturity	Assets

United States Treasury Bill	0.000%	07/29/2021	3.1%
Morgan Stanley	0.760%	01/20/2023	1.5%
Toronto-Dominion Bank/The	0.000%	04/06/2021	1.4%
Goldman Sachs Group Inc/The	1.325%	04/26/2022	1.1%
Goldman Sachs Group Inc/The	0.992%	10/31/2022	1.0%
Morgan Stanley	1.152%	07/22/2022	1.0%
Jabil Inc	0.000%	05/03/2021	0.9%
Canadian Imperial Bank of Commerce/New York NY	0.060%	04/05/2021	0.9%
Bank of America Corp	3.499%	05/17/2022	0.9%
UBS AG/Stamford CT	7.625%	08/17/2022	0.9%

% of Total Assets			12.7%

Holding	Coupon	Maturity	Assets

United States Treasury Bill	0.000%	07/29/2021	3.1%
Morgan Stanley	0.760%	01/20/2023	1.5%
Toronto-Dominion Bank/The	0.000%	04/06/2021	1.4%
Goldman Sachs Group Inc/The	1.325%	04/26/2022	1.1%
Goldman Sachs Group Inc/The	0.992%	10/31/2022	1.0%
Morgan Stanley	1.152%	07/22/2022	1.0%
Jabil Inc	0.000%	05/03/2021	0.9%
Canadian Imperial Bank of Commerce/New York NY	0.060%	04/05/2021	0.9%
Bank of America Corp	3.499%	05/17/2022	0.9%
UBS AG/Stamford CT	7.625%	08/17/2022	0.9%
Toyota Auto Receivables 2020-D Owner Trust	0.230%	05/15/2023	0.8%
Volkswagen Group of America Finance LLC	0.000%	11/08/2021	0.8%
Honda Auto Receivables 2020-3 Owner Trust	0.270%	02/21/2023	0.8%
AT&T Inc	0.000%	12/14/2021	0.8%
SCF Equipment Leasing 2021-1 LLC	0.420%	08/20/2026	0.7%
Saudi Government International Bond	2.375%	10/26/2021	0.7%
Canadian Imperial Bank of Commerce	0.853%	03/17/2023	0.7%
GM Financial Consumer Automobile Receivables Trust	0.260%	11/16/2023	0.7%
PNC Bank NA	0.666%	07/22/2022	0.7%
Goldman Sachs Group Inc/The	0.963%	02/23/2023	0.7%
Wells Fargo Bank NA	0.890%	09/09/2022	0.7%
Nissan Auto Lease Trust 2020-B	0.340%	12/15/2022	0.7%
Boeing Co	0.000%	02/06/2022	0.6%
Intercontinental Exchange Inc	0.867%	06/15/2023	0.5%
Bank of Montreal	0.690%	03/10/2023	0.5%
World Financial Network Credit Card Master Trust	2.210%	07/15/2026	0.5%
PFP 2021-7 Ltd	0.950%	04/14/2038	0.5%
Ford Credit Auto Owner Trust 2020-C	0.250%	09/15/2023	0.5%
Synchrony Card Funding LLC	2.950%	03/15/2025	0.5%
Daimler Finance North America LLC	0.895%	11/05/2021	0.5%
BMW Vehicle Lease Trust 2021-1	0.290%	01/25/2024	0.5%
Macquarie Bank Ltd	0.441%	12/16/2022	0.5%
Citibank NA	0.824%	05/20/2022	0.5%
Royal Bank of Canada	0.578%	01/17/2023	0.5%
MET Tower Global Funding	0.550%	07/13/2022	0.5%
AbbVie Inc	0.691%	11/19/2021	0.5%
Toyota Motor Credit Corp	1.150%	05/26/2022	0.5%
Walt Disney Co/The	0.000%	04/30/2021	0.5%
Cox Communications Inc	3.250%	12/15/2022	0.5%
Danske Bank A/S	5.000%	01/12/2022	0.5%
US Bank NA/Cincinnati OH	0.630%	12/09/2022	0.5%
Danske Bank A/S	0.000%	05/04/2021	0.5%
Macquarie Bank Ltd	0.655%	11/24/2021	0.5%
PNC Bank NA	0.530%	02/24/2023	0.5%
Volkswagen Auto Lease Trust 2020-A	0.270%	04/20/2023	0.5%
Walgreens Boots Alliance Inc	0.000%	04/27/2021	0.4%
Westlake Automobile Receivables Trust 2021-1	0.950%	03/16/2026	0.4%
Mitsubishi UFJ Financial Group Inc	2.623%	07/18/2022	0.4%
Wells Fargo Bank NA	0.853%	05/27/2022	0.4%
AbbVie Inc	3.450%	03/15/2022	0.4%
Royal Bank of Canada	0.474%	10/26/2023	0.4%
UBS AG/London	1.750%	04/21/2022	0.4%
Barclays plc	4.610%	02/15/2023	0.4%
Westlake Automobile Receivables Trust 2020-2	0.930%	02/15/2024	0.4%
Goldman Sachs Group Inc/The	2.876%	10/31/2022	0.4%
L3Harris Technologies Inc	0.980%	03/10/2023	0.4%
AIB Group PLC	4.750%	10/12/2023	0.4%
GM Financial Automobile Leasing Trust 2020-3	0.350%	11/21/2022	0.4%
BAT Capital Corp	1.101%	08/15/2022	0.4%
Danske Bank A/S	3.001%	09/20/2022	0.4%
American Express Co	2.500%	08/01/2022	0.4%
Textron Inc	5.950%	09/21/2021	0.4%
BMW US Capital LLC	0.631%	04/12/2021	0.4%
Synchrony Card Issuance Trust	3.380%	09/15/2024	0.4%
AbbVie Inc	0.863%	11/21/2022	0.4%
Citibank NA	2.844%	05/20/2022	0.4%
Regatta Funding LP 2013-2A	0.949%	01/15/2029	0.4%
Walgreens Boots Alliance Inc	0.000%	05/25/2021	0.4%
AT&T Inc	0.000%	12/16/2021	0.4%
TCW CLO 2019-1 AMR Ltd	1.168%	02/15/2029	0.4%
LYB International Finance III LLC	1.238%	10/01/2023	0.4%
American Express Co	2.750%	05/20/2022	0.4%
Goldman Sachs Group Inc/The	0.481%	01/27/2023	0.4%
Natwest Group PLC	3.498%	05/15/2023	0.4%
Morgan Stanley	0.529%	01/25/2024	0.4%
National Australia Bank Ltd	0.630%	12/13/2022	0.4%
American Express Co	0.825%	11/05/2021	0.4%
Metropolitan Life Global Funding I	0.603%	01/13/2023	0.4%
Wells Fargo Bank NA	2.897%	05/27/2022	0.4%
Barclays Bank plc	10.179%	06/12/2021	0.3%
Octagon Investment Partners 30 Ltd	1.224%	03/17/2030	0.3%
American Honda Finance Corp	0.773%	06/27/2022	0.3%
Danske Bank A/S	0.000%	08/06/2021	0.3%
Madison Park Funding X Ltd	1.210%	01/20/2029	0.3%
Bank of Nova Scotia/The	0.608%	09/15/2023	0.3%
New York Life Global Funding	0.504%	01/10/2023	0.3%
Macquarie Bank Ltd	0.682%	08/06/2021	0.3%
PNC Bank NA	0.660%	12/09/2022	0.3%
Pagaya AI Debt Selection Trust 2021-1	1.180%	11/15/2027	0.3%
DTE Energy Co	0.550%	11/01/2022	0.3%
Daimler Finance North America LLC	1.121%	02/15/2022	0.3%
Toronto-Dominion Bank/The	0.505%	07/30/2021	0.3%
Wells Fargo & Co	2.625%	07/22/2022	0.3%
Walt Disney Co/The	0.000%	05/17/2021	0.3%
Standard Chartered plc	4.247%	01/20/2023	0.3%
Standard Chartered plc	1.374%	01/20/2023	0.3%
KeyBank NA/Cleveland OH	0.865%	02/01/2022	0.3%
Hyundai Auto Lease Securitization Trust 2021-A	0.330%	01/16/2024	0.3%
Enel Finance International NV	2.875%	05/25/2022	0.3%
Octagon Investment Partners XIV Ltd	1.060%	07/15/2029	0.3%
Apidos CLO XXIV	1.067%	10/20/2030	0.3%
Toronto-Dominion Bank/The	0.755%	12/01/2022	0.3%
Madison Park Funding XI Ltd	1.093%	07/23/2029	0.3%
BlueMountain Fuji US Clo I Ltd	1.170%	07/20/2029	0.3%
Raytheon Technologies Corp	2.800%	03/15/2022	0.3%
Principal Life Global Funding II	0.634%	10/06/2021	0.3%
Nordea Bank Abp	4.875%	05/13/2021	0.3%
Florida Power & Light Co	0.599%	07/28/2023	0.3%
Royal Bank of Canada	0.330%	01/19/2024	0.3%
Nutrition & Biosciences	0.000%	01/17/2023	0.3%
Affirm Asset Securitization Trust 2021-A	0.880%	08/15/2025	0.3%
Galaxy XXIII CLO Ltd	1.052%	04/24/2029	0.3%
Conagra Brands Inc	0.000%	04/08/2021	0.3%
Skandinaviska Enskilda Banken AB	0.865%	12/12/2022	0.3%
Truist Bank	0.782%	05/17/2022	0.3%
Hyundai Auto Lease Securitization Trust 2020-B	0.360%	01/17/2023	0.3%
Standard Chartered plc	1.430%	09/10/2022	0.3%
ING Groep NV	1.401%	03/29/2022	0.3%
BMW US Capital LLC	0.714%	08/13/2021	0.3%
Ford Credit Auto Owner Trust 2020-B	0.500%	02/15/2023	0.3%
Nordea Bank Abp	4.250%	09/21/2022	0.3%
Volkswagen Group of America Finance LLC	0.750%	11/23/2022	0.3%
World Omni Automobile Lease Securitization Trust 2	0.320%	09/15/2023	0.3%
Morgan Stanley	5.500%	07/28/2021	0.3%
AbbVie Inc	0.563%	05/21/2021	0.3%
Becton Dickinson and Co	1.255%	06/06/2022	0.3%
Goldman Sachs Group Inc/The	0.556%	11/17/2023	0.3%
Drive Auto Receivables Trust 2019-4	2.230%	01/16/2024	0.3%
General Motors Financial Co Inc	0.000%	05/04/2021	0.3%
Wells Fargo & Co	1.240%	07/26/2021	0.3%
WFRBS Commercial Mortgage Trust	3.431%	06/15/2045	0.3%
Eastern Energy Gas Holdings LLC	0.817%	06/15/2021	0.3%
Reckitt Benckiser Treasury Services PLC	0.798%	06/24/2022	0.3%
Tesla Auto Lease Trust 2019-A	2.160%	10/20/2022	0.3%
JPMorgan Chase & Co	2.776%	04/25/2023	0.3%
OCTAGON INVESTMENT PARTNERS 31 LLC	1.274%	07/20/2030	0.3%
Galaxy XIX CLO Ltd	0.000%	07/24/2030	0.3%
TCI-Flatiron Clo 2017-1 Ltd	0.000%	04/20/2034	0.3%
Caterpillar Financial Services Corp.	0.414%	11/12/2021	0.3%
Bain Capital Credit Clo 2016-2 Ltd	1.152%	01/15/2029	0.3%
Dell Equipment Finance Trust 2020-2	0.570%	10/23/2023	0.3%
ONE 2021-PARK Mortgage Trust	0.806%	03/15/2036	0.2%
AerCap Ireland Capital DAC / AerCap Global Aviatio	4.875%	01/16/2024	0.2%
Air Lease Corp	3.750%	02/01/2022	0.2%
Madison Park Funding XXXV Ltd	0.000%	04/20/2032	0.2%
HPEFS Equipment Trust	0.650%	07/22/2030	0.2%
BMW US Capital LLC	0.759%	04/14/2022	0.2%
Swedbank AB	2.800%	03/14/2022	0.2%
Sumitomo Mitsui Financial Group, Inc.	2.784%	07/12/2022	0.2%
Aircastle Ltd	5.500%	02/15/2022	0.2%
Ready Capital Mortgage Financing 2021-FL5 LLC	1.110%	04/25/2038	0.2%
NextEra Energy Capital Holdings, Inc.	0.774%	08/28/2021	0.2%
UBS Group AG	2.650%	02/01/2022	0.2%
Citigroup Inc	1.178%	04/25/2022	0.2%
World Financial Network Credit Card Master Trust	3.140%	12/15/2025	0.2%
MUFG Union Bank NA	0.825%	03/07/2022	0.2%
Honda Auto Receivables 2020-3 Owner Trust	0.370%	10/18/2024	0.2%
Natwest Group PLC	1.691%	05/15/2023	0.2%
BMW Finance NV	1.004%	08/12/2022	0.2%
Caterpillar Financial Services Corp.	0.582%	05/17/2021	0.2%
Royal Bank of Canada	0.584%	07/08/2021	0.2%
DNB Bank ASA	0.808%	12/02/2022	0.2%
Bank of Montreal	0.630%	09/10/2021	0.2%
ONE Gas Inc	0.787%	03/11/2023	0.2%
Intercontinental Exchange Inc	0.000%	09/23/2021	0.2%
American Express Co	0.844%	05/20/2022	0.2%
Carmax Auto Owner Trust 2019-2	2.680%	03/15/2024	0.2%
Volkswagen Auto Lease Trust 2020-A	0.390%	01/22/2024	0.2%
Bank of Ireland Group PLC	4.500%	11/25/2023	0.2%
McDonald's Corp	0.649%	10/28/2021	0.2%
Wells Fargo & Co	3.500%	03/08/2022	0.2%
Life 2021-BMR Mortgage Trust	0.806%	03/15/2038	0.2%
Carvana Auto Receivables Trust 2021-N1	1.090%	01/10/2028	0.2%
Westpac Banking Corp	0.615%	01/13/2023	0.2%
Mercedes-Benz Auto Receivables Trust 2020-1	0.460%	03/15/2023	0.2%
Wells Fargo & Co	2.100%	07/26/2021	0.2%
Atrium IX	1.181%	05/28/2030	0.2%
General Motors Financial Co Inc	5.100%	01/17/2024	0.2%
Gilead Sciences Inc	0.771%	09/29/2023	0.2%
BAT International Finance plc	0.000%	04/28/2021	0.2%
Mortgage Repurchase Agreement Financing Trust	0.603%	03/10/2022	0.2%
Madison Park Funding XVII Ltd	1.168%	07/21/2030	0.2%
Boeing Co/The	1.167%	02/04/2023	0.2%
Tesla Auto Lease Trust 2021-A	0.560%	03/20/2025	0.2%
Comcast Hulu Holdings LLC	0.000%	03/15/2024	0.2%
General Motors Financial Co Inc	3.200%	07/06/2021	0.2%
General Motors Financial Co Inc	0.000%	04/01/2021	0.2%
Chesapeake Funding II LLC	0.586%	01/15/2031	0.2%
Toyota Auto Receivables 2020-C Owner Trust	0.360%	02/15/2023	0.2%
Welltower Inc	0.000%	04/01/2022	0.2%
Exelon Generation Co LLC	0.000%	04/16/2021	0.2%
Hilton Orlando Trust 2018-ORL	1.026%	12/15/2034	0.2%
UBS Group AG	1.744%	02/01/2022	0.2%
Mondelez International Inc	0.625%	07/01/2022	0.2%
Duke Energy Progress LLC	0.400%	02/18/2022	0.2%
Protective Life Global Funding	0.753%	06/28/2021	0.2%
New York Life Global Funding	0.658%	07/12/2022	0.2%
Credit Suisse AG/New York NY	2.800%	04/08/2022	0.2%
Ford Credit Auto Lease Trust 2020-B	0.500%	12/15/2022	0.2%
Otis Worldwide Corp	0.688%	04/05/2023	0.2%
Bank of America Corp	0.901%	06/25/2022	0.2%
7-Eleven Inc	0.645%	08/10/2022	0.2%
Dell Equipment Finance Trust 2020-2	0.470%	10/24/2022	0.2%
General Motors Co	4.875%	10/02/2023	0.2%
BBVA USA	0.951%	06/11/2021	0.2%
Volkswagen Group of America Finance LLC	1.098%	09/24/2021	0.2%
Delos Finance Sarl	4.081%	10/06/2023	0.2%
GM Financial Consumer Automobile Receivables Trust	2.650%	02/16/2024	0.2%
Freddie Mac Structured Agency Credit Risk Debt Not	0.817%	08/25/2033	0.2%
Dell International LLC / EMC Corp.	5.450%	06/15/2023	0.2%
American Credit Acceptance Receivables Trust 2020-	0.620%	10/13/2023	0.2%
First National Master Note Trust 2018-1	0.566%	10/15/2024	0.2%
Ford Motor Credit Co LLC	1.104%	10/12/2021	0.2%
JPMorgan Chase & Co	1.448%	10/24/2023	0.2%
Standard Chartered plc	1.281%	10/14/2023	0.2%
Citigroup Inc	1.392%	08/02/2021	0.2%
Saudi Arabian Oil Co	2.875%	04/16/2024	0.2%
Citizens Bank NA/Providence RI	0.941%	02/14/2022	0.2%
Dominion Energy Inc	0.747%	09/15/2023	0.2%
GM Financial Consumer Automobile Receivables Trust	0.230%	11/16/2023	0.2%
Ford Credit Floorplan Master Owner Trust A	2.950%	05/15/2023	0.2%
Australia & New Zealand Banking Group Ltd.	0.703%	11/21/2022	0.2%
Bank of America Corp	3.300%	01/11/2023	0.2%
Cigna Corp	1.127%	07/15/2023	0.2%
Santander Consumer Auto Receivables Trust 2021-A	0.230%	11/15/2023	0.2%
Citigroup Inc	0.888%	11/04/2022	0.2%
World Financial Network Credit Card Master Trust	3.460%	07/15/2025	0.2%
Freddie Mac STACR REMIC Trust 2021-HQA1	0.717%	08/25/2033	0.2%
Diageo Investment Corp	8.000%	09/15/2022	0.2%
General Motors Financial Co Inc	4.200%	11/06/2021	0.2%
BA Credit Card Trust	3.100%	12/15/2023	0.1%
GM Financial Automobile Leasing Trust 2020-3	0.450%	08/21/2023	0.1%
KAYNE CLO I Ltd	1.148%	07/15/2031	0.1%
JPMorgan Chase & Co	1.241%	01/15/2023	0.1%
Enel Finance America LLC	0.000%	02/04/2022	0.1%
Nissan Auto Receivables 2019-A Owner Trust	2.900%	10/16/2023	0.1%
ABN Amro Bank NV	0.803%	08/27/2021	0.1%
Hyundai Auto Lease Securitization Trust 2020-B	0.510%	09/15/2023	0.1%
Westlake Automobile Receivables Trust 2019-3	2.150%	02/15/2023	0.1%
Honeywell International Inc	0.461%	08/19/2022	0.1%
Atmos Energy Corp	0.565%	03/09/2023	0.1%
AT&T Inc	0.650%	03/25/2024	0.1%
American Electric Power Co Inc	0.685%	11/01/2023	0.1%
Citigroup Inc	3.142%	01/24/2023	0.1%
Lennar Corp	4.750%	11/15/2022	0.1%
Volkswagen Auto Loan Enhanced Trust 2020-1	0.930%	12/20/2022	0.1%
Goldman Sachs Group Inc/The	5.750%	01/24/2022	0.1%
Santander Consumer Auto Receivables Trust 2021-A	0.330%	10/15/2025	0.1%
Glencore Funding LLC	4.125%	03/12/2024	0.1%
Barclays Bank plc	1.700%	05/12/2022	0.1%
Hawaiian Electric Industries Inc	0.000%	04/07/2021	0.1%
AerCap Ireland Capital DAC / AerCap Global Aviatio	4.500%	09/15/2023	0.1%
Fifth Third Bank NA	0.655%	07/26/2021	0.1%
Santander Consumer Auto Receivables Trust 2020-B	0.460%	08/15/2024	0.1%
Lennar Corp	4.500%	04/30/2024	0.1%
Bayer US Finance II LLC	0.881%	06/25/2021	0.1%
Credit Suisse Group AG	4.207%	06/12/2024	0.1%
GS Mortgage Securities Corp Trust 2021-RENT	0.811%	11/21/2023	0.1%
Macquarie Group Ltd	1.244%	11/28/2023	0.1%
PFS Financing Corp	0.930%	08/15/2024	0.1%
Santander Retail Auto Lease Trust 2021-A	0.920%	03/20/2026	0.1%
Intesa Sanpaolo SpA	5.250%	01/12/2024	0.1%
Danske Bank A/S	5.375%	01/12/2024	0.1%
Capital One Prime Auto Receivables Trust 2020-1	1.640%	06/15/2023	0.1%
General Motors Financial Co Inc	0.000%	04/05/2021	0.1%
TD Ameritrade Holding Corp	0.635%	11/01/2021	0.1%
Morgan Stanley	1.618%	10/24/2023	0.1%
FMC Corp	0.000%	04/01/2021	0.1%
Emera US Finance LP	2.700%	06/15/2021	0.1%
IHS Markit Ltd	5.000%	11/01/2022	0.1%
Time Warner Cable LLC	4.000%	09/01/2021	0.1%
Caterpillar Financial Services Corp.	0.457%	01/06/2022	0.1%
John Deere Capital Corp	0.710%	06/13/2022	0.1%
American Honda Finance Corp	0.571%	06/11/2021	0.1%
Truist Bank	0.741%	03/09/2023	0.1%
BP Capital Markets plc	2.500%	11/06/2022	0.1%
Sumitomo Mitsui Financial Group, Inc.	2.846%	01/11/2022	0.1%
Abu Dhabi National Energy Co PJSC	3.625%	01/12/2023	0.1%
Prestige Auto Receivables Trust 2019-1	2.450%	05/15/2023	0.1%
Drive Auto Receivables Trust 2020-2	0.850%	07/17/2023	0.1%
Ally Financial Inc	4.625%	05/19/2022	0.1%
GM Financial Automobile Leasing Trust 2020-2	0.710%	10/20/2022	0.1%
Honeywell International Inc	0.583%	08/08/2022	0.1%
Pacific Gas and Electric Co	1.367%	03/10/2023	0.1%
Tesla Auto Lease Trust 2021-A	1.020%	03/20/2025	0.1%
Indonesia Government International Bond	4.450%	02/11/2024	0.1%
Nasdaq Inc	0.445%	12/21/2022	0.1%
Hyundai Auto Lease Securitization Trust 2021-A	0.250%	04/17/2023	0.1%
Ford Credit Auto Owner Trust 2017-REV1	2.620%	08/15/2028	0.1%
GATX Corp	0.945%	11/05/2021	0.1%
Citigroup Inc	1.296%	12/08/2021	0.1%
Credit Suisse Group AG	2.997%	12/14/2023	0.1%
HSBC USA Inc	0.000%	10/01/2021	0.1%
Glencore Finance Canada Ltd	4.250%	10/25/2022	0.1%
Bank of America Corp	1.404%	10/21/2022	0.1%
Mercedes-Benz Master Owner Trust 2018-BA	0.446%	05/15/2023	0.1%
SL Green Operating Partnership L.P.	1.201%	08/16/2021	0.1%
Walt Disney Co/The	0.000%	05/21/2021	0.1%
Hyundai Auto Receivables Trust 2020-B	0.380%	03/15/2023	0.1%
Wells Fargo & Co	1.328%	01/24/2023	0.1%
General Motors Financial Co Inc	5.200%	03/20/2023	0.1%
Citigroup Inc	2.312%	11/04/2022	0.1%
Intercontinental Exchange Inc	2.350%	09/15/2022	0.1%
Hyundai Capital America	3.250%	09/20/2022	0.1%
Avery Point VI CLO Ltd	1.063%	08/05/2027	0.1%
Mitsubishi UFJ Financial Group Inc	0.865%	07/26/2021	0.1%
Arivo Acceptance Auto Loan Receivables Trust 2021-	1.190%	01/15/2027	0.1%
Daimler Finance North America LLC	3.400%	02/22/2022	0.1%
Morgan Stanley	4.875%	11/01/2022	0.1%
Ford Credit Auto Lease Trust 2020-A	1.800%	07/15/2022	0.1%
BPCE SA	1.460%	09/12/2023	0.1%
First Abu Dhabi Bank PJSC	1.176%	04/16/2022	0.1%
Lennar Corp	5.375%	10/01/2022	0.1%
First Investors Auto Owner Trust 2019-2	2.210%	09/16/2024	0.1%
Air Lease Corp	3.375%	06/01/2021	0.1%
Honda Auto Receivables 2020-2 Owner Trust	0.740%	11/15/2022	0.1%
John Deere Capital Corp	0.625%	06/07/2021	0.1%
British Transco International Finance BV	0.000%	11/04/2021	0.1%
NextEra Energy Capital Holdings, Inc.	0.550%	03/01/2023	0.1%
BMW Floorplan Master Owner Trust	3.150%	05/15/2023	0.1%
Freed ABS Trust 2020-1CP	0.660%	03/20/2028	0.1%
Sumitomo Mitsui Financial Group, Inc.	1.004%	07/12/2022	0.1%
Macquarie Group Ltd	4.150%	03/27/2024	0.1%
Dominion Energy Inc	2.715%	08/15/2021	0.1%
VNDO 2012-6AVE Mortgage Trust	2.996%	11/15/2030	0.1%
Intercontinental Exchange Inc	0.000%	06/22/2021	0.1%
Flatiron Clo 17 Ltd	1.178%	05/15/2030	0.1%
Pertamina Persero PT	4.875%	05/03/2022	0.1%
GLS Auto Receivables Issuer Trust 2020-3	0.690%	10/16/2023	0.1%
Ford Credit Auto Lease Trust 2019-A	2.900%	05/15/2022	0.1%
Ooredoo International Finance Ltd	3.250%	02/21/2023	0.1%
Capital One Financial Corp	1.180%	03/09/2022	0.1%
World Omni Automobile Lease Securitization Trust 2	2.940%	05/16/2022	0.1%
Daimler Finance North America LLC	1.093%	02/22/2022	0.1%
Carvana Auto Receivables Trust 2020-P1	0.440%	06/09/2025	0.1%
NVR Inc	3.950%	09/15/2022	0.1%
GS Mortgage Securities Corp Trust 2018-HULA	1.026%	07/15/2025	0.1%
Intesa Sanpaolo SpA	3.125%	07/14/2022	0.1%
Ally Master Owner Trust	3.290%	05/15/2023	0.1%
GLS Auto Receivables Issuer Trust 2021-1	0.820%	04/15/2025	0.1%
Carvana Auto Receivables Trust 2020-P1	0.280%	11/08/2023	0.1%
Jabil Inc	0.000%	04/01/2021	0.1%
Citizens Bank NA/Providence RI	1.201%	03/29/2023	0.1%
Ford Motor Credit Co LLC	1.048%	04/05/2021	0.1%
GLS Auto Receivables Issuer Trust 2021-1	1.200%	01/15/2027	0.1%
Great Wolf Trust 2019-WOLF	1.140%	12/15/2036	0.1%
Discover Card Execution Note Trust	3.040%	07/15/2024	0.1%
Santander Drive Auto Receivables Trust 2018-3	3.510%	08/15/2023	0.1%
Santander UK plc	0.845%	06/01/2021	0.1%
Jackson National Life Global Funding	0.981%	06/27/2022	0.1%
Glencore Funding LLC	4.625%	04/29/2024	0.1%
Viatris Inc	1.125%	06/22/2022	0.1%
NextGear Floorplan Master Owner Trust	0.706%	10/15/2023	0.1%
Discover Card Execution Note Trust	3.320%	03/15/2024	0.1%
General Motors Financial Co Inc	0.000%	04/12/2021	0.1%
Toyota Auto Receivables 2019-A Owner Trust	2.910%	07/17/2023	0.1%
Capital One Multi-Asset Execution Trust	0.616%	09/16/2024	0.1%
Waste Management Inc	0.000%	09/10/2021	0.1%
Comision Federal de Electricidad	4.875%	05/26/2021	0.1%
AmeriCredit Automobile Receivables Trust 2020-2	0.600%	12/18/2023	0.1%
Amur Equipment Finance Receivables VII LLC	2.630%	06/20/2024	0.1%
Santander Drive Auto Receivables Trust 2018-2	3.350%	07/17/2023	0.1%
Mitsubishi UFJ Financial Group Inc	3.218%	03/07/2022	0.1%
Rogers Communications Inc	0.000%	08/26/2021	0.1%
NTT Finance Corp	0.583%	03/01/2024	0.1%
CPS Auto Receivables Trust 2020-C	0.630%	03/15/2024	0.1%
Tesla Auto Lease Trust 2020-A	0.550%	05/22/2023	0.1%
Morgan Stanley	0.840%	06/10/2022	0.1%
Danske Bank A/S	1.226%	06/22/2024	0.1%
Santander Drive Auto Receivables Trust 2020-2	0.620%	05/15/2023	0.1%
Carmax Auto Owner Trust 2019-1	3.050%	03/15/2024	0.1%
Air Lease Corp	3.000%	09/15/2023	0.1%
Discover Card Execution Note Trust	3.110%	01/16/2024	0.1%
General Motors Financial Co Inc	1.503%	06/30/2022	0.1%
General Motors Financial Co Inc	4.375%	09/25/2021	0.1%
GM Financial Automobile Leasing Trust 2020-1	1.670%	04/20/2022	0.1%
Capital One Multi-Asset Execution Trust	2.840%	12/15/2024	0.1%
Volkswagen Group of America Finance LLC	2.900%	05/13/2022	0.1%
Walt Disney Co/The	0.000%	05/07/2021	0.1%
BBCMS 2017-DELC Mortgage Trust	0.956%	08/15/2036	0.1%
Standard Chartered plc	5.700%	01/25/2022	0.1%
NXP BV / NXP Funding LLC	3.875%	09/01/2022	0.1%
Ford Credit Auto Owner Trust 2018-B	3.240%	04/15/2023	0.1%
Enterprise Fleet Financing LLC	3.100%	10/20/2023	0.1%
Drive Auto Receivables Trust 2019-4	2.160%	05/15/2023	0.1%
Capital One Prime Auto Receivables Trust 2019-2	2.060%	09/15/2022	0.1%
DBCG 2017-BBG Mortgage Trust	0.806%	06/15/2034	0.1%
Aviation Capital Group LLC	0.882%	07/30/2021	0.1%
Daimler Finance North America LLC	0.770%	05/04/2021	0.1%
THL Credit Wind River 2017-1 CLO Ltd	1.363%	04/18/2029	0.0%
Nutrition & Biosciences Inc	0.697%	09/15/2022	0.0%
ARI Fleet Lease Trust 2020-A	1.770%	08/15/2028	0.0%
HPEFS Equipment Trust 2020-1	1.730%	02/20/2030	0.0%
Aviation Capital Group LLC	1.175%	06/01/2021	0.0%
First Investors Auto Owner Trust 2019-1	2.890%	03/15/2024	0.0%
General Motors Financial Co Inc	1.779%	01/14/2022	0.0%
Lloyds Banking Group plc	1.039%	06/21/2021	0.0%
Alimentation Couche-Tard Inc	2.700%	07/26/2022	0.0%
American Express Credit Account Master Trust	3.070%	10/15/2024	0.0%
General Motors Financial Co Inc	3.550%	04/09/2021	0.0%
BMW US Capital LLC	0.874%	04/06/2022	0.0%
Roper Technologies Inc	0.450%	08/15/2022	0.0%
AstraZeneca plc	0.850%	06/10/2022	0.0%
National Bank of Canada	2.150%	10/07/2022	0.0%
AstraZeneca plc	2.375%	06/12/2022	0.0%
SCF Equipment Leasing 2019-2 LLC	2.220%	06/20/2024	0.0%
Barclays Dryrock Issuance Trust	0.436%	07/15/2024	0.0%
Aircastle Ltd	4.400%	09/25/2023	0.0%
Volkswagen Auto Loan Enhanced Trust 2018-2	3.250%	04/20/2023	0.0%
Foursight Capital Automobile Receivables Trust 202	1.970%	09/15/2023	0.0%
UBS Group AG	1.171%	08/15/2023	0.0%
DLL 2019-3 LLC	2.130%	01/20/2022	0.0%
Carmax Auto Owner Trust 2018-3	3.130%	06/15/2023	0.0%
KKR CLO 18 Ltd	1.496%	07/18/2030	0.0%
Toyota Auto Receivables 2018-D Owner Trust	3.180%	03/15/2023	0.0%
Enterprise Fleet Financing LLC	2.360%	05/20/2023	0.0%
American Credit Acceptance Receivables Trust 2020-	1.650%	12/13/2023	0.0%
Dryden 77 CLO Ltd	2.182%	05/20/2031	0.0%
Diamondback Energy Inc	0.900%	03/24/2023	0.0%
Natwest Group PLC	3.875%	09/12/2023	0.0%
Drive Auto Receivables Trust 2017-A	4.160%	05/15/2024	0.0%
Exeter Automobile Receivables Trust 2020-2	1.130%	08/15/2023	0.0%
Flagship Credit Auto Trust 2020-2	1.490%	07/15/2024	0.0%
Rogers Communications Inc	0.000%	08/25/2021	0.0%
Intesa Sanpaolo SpA	3.375%	01/12/2023	0.0%
AstraZeneca plc	0.857%	08/17/2023	0.0%
Mercedes-Benz Auto Lease Trust 2019-B	2.000%	10/17/2022	0.0%
Kuwait International Government Bond	2.750%	03/20/2022	0.0%
Natwest Group PLC	5.125%	05/28/2024	0.0%
World Omni Auto Receivables Trust 2019-B	2.590%	07/15/2024	0.0%
PNC Bank NA	2.232%	07/22/2022	0.0%
Citigroup Inc	2.700%	10/27/2022	0.0%
Citigroup Inc	0.903%	10/27/2022	0.0%
BBVA Bancomer SA/Texas	4.375%	04/10/2024	0.0%
Equate Petrochemical BV	3.000%	03/03/2022	0.0%
American Express Co	0.883%	02/27/2023	0.0%
Daimler Finance North America LLC	2.850%	01/06/2022	0.0%
Ally Financial Inc	4.125%	02/13/2022	0.0%
Fondo MIVIVIENDA SA	3.500%	01/31/2023	0.0%
MDGH - GMTN BV	5.500%	03/01/2022	0.0%
CarMax Auto Owner Trust 2020-2	1.700%	11/15/2024	0.0%
Capital One NA	2.150%	09/06/2022	0.0%
Saudi Electricity Global Sukuk Co. 3	4.000%	04/08/2024	0.0%
Westlake Automobile Receivables Trust 2019-2	3.060%	02/15/2023	0.0%
GM Financial Automobile Leasing Trust 2019-2	2.670%	03/21/2022	0.0%
Chesapeake Funding II LLC	2.120%	11/15/2029	0.0%
Discover Card Execution Note Trust	0.376%	12/15/2023	0.0%
Glencore Finance Canada Ltd	4.950%	11/15/2021	0.0%
Drive Auto Receivables Trust 2019-3	2.900%	08/15/2025	0.0%
Lennar Corp	4.125%	01/15/2022	0.0%
Credit Suisse AG/New York NY	0.470%	02/04/2022	0.0%
Bank of America Corp	3.124%	01/20/2023	0.0%
Danske Bank A/S	1.171%	12/08/2023	0.0%
Barclays plc	1.850%	01/10/2023	0.0%
Enel Finance International NV	2.750%	04/06/2023	0.0%
ABN Amro Bank NV	6.250%	04/27/2022	0.0%
Anglo American Capital plc	4.125%	04/15/2021	0.0%
General Motors Financial Co Inc	3.700%	05/09/2023	0.0%
AmeriCredit Automobile Receivables Trust 2019-3	2.170%	01/18/2023	0.0%
Barclays plc	3.684%	01/10/2023	0.0%
CNH Industrial Capital LLC	4.875%	04/01/2021	0.0%
GM Financial Consumer Automobile Receivables Trust	1.830%	01/17/2023	0.0%
National Australia Bank Ltd	0.819%	09/20/2021	0.0%
Capital Auto Receivables Asset Trust 2018-2	3.690%	12/20/2023	0.0%
KeyBank NA/Cleveland OH	1.023%	11/22/2021	0.0%
American Express Credit Account Master Trust	0.556%	09/16/2024	0.0%
Amur Equipment Finance Receivables VI LLC	3.890%	07/20/2022	0.0%
Abu Dhabi National Energy Co PJSC	3.625%	06/22/2021	0.0%
Drive Auto Receivables Trust	3.660%	11/15/2024	0.0%
Ford Credit Auto Owner Trust 2020-A	1.030%	10/15/2022	0.0%
Capital Auto Receivables Asset Trust 2018-1	2.930%	06/20/2022	0.0%
CPS Auto Receivables Trust 2020-C	1.010%	01/15/2025	0.0%
Exelon Corp	3.497%	06/01/2022	0.0%
Orbia Advance Corp SAB de CV	4.875%	09/19/2022	0.0%
Conn's Receivables Funding 2019-A LLC	3.400%	10/16/2023	0.0%
Santander Retail Auto Lease Trust 2019-B	2.290%	04/20/2022	0.0%
Volkswagen Group of America Finance LLC	1.154%	11/12/2021	0.0%
NGPL Pipeco LLC	4.375%	08/15/2022	0.0%
Ally Auto Receivables Trust 2019-4	1.930%	10/17/2022	0.0%
Citigroup Inc	1.655%	09/01/2023	0.0%
Drive Auto Receivables Trust 2016-C	4.180%	03/15/2024	0.0%
General Motors Financial Co Inc	1.228%	01/05/2023	0.0%
Danske Bank A/S	1.280%	09/12/2023	0.0%
Citizens Bank NA/Providence RI	1.043%	05/26/2022	0.0%
Capital Auto Receivables Asset Trust 2018-2	3.480%	10/20/2023	0.0%
General Mills Inc	0.763%	04/16/2021	0.0%
GM Financial Consumer Automobile Receivables Trust	2.130%	03/16/2023	0.0%
Jackson National Life Global Funding	0.701%	06/11/2021	0.0%
Drive Auto Receivables Trust 2017-3	3.530%	12/15/2023	0.0%
BMW Vehicle Lease Trust 2019-1	2.840%	11/22/2021	0.0%
Tesla Auto Lease Trust 2018-B	3.710%	08/20/2021	0.0%
Capital One NA	1.355%	01/30/2023	0.0%
Banco BBVA Peru SA	5.000%	08/26/2022	0.0%
World Omni Automobile Lease Securitization Trust 2	3.190%	12/15/2021	0.0%
ACC Trust 2019-1	3.750%	05/20/2022	0.0%
Bermuda Government International Bond	4.854%	02/06/2024	0.0%
Mercedes-Benz Auto Lease Trust 2019-A	3.100%	11/15/2021	0.0%
Fifth Third Bank NA	0.845%	02/01/2022	0.0%
Standard Chartered plc	3.950%	01/11/2023	0.0%
Drive Auto Receivables Trust	4.090%	01/15/2026	0.0%
Westgate Resorts 2018-1 LLC	3.380%	12/20/2031	0.0%
JPMorgan Chase & Co	1.118%	04/25/2023	0.0%
Chesapeake Funding II LLC	0.416%	11/15/2029	0.0%
GM Financial Automobile Leasing Trust 2019-1	2.980%	12/20/2021	0.0%
Abu Dhabi National Energy Co PJSC	5.875%	12/13/2021	0.0%
Chesapeake Funding II LLC	0.446%	08/15/2029	0.0%
Flagship Credit Auto Trust 2018-3	3.070%	02/15/2023	0.0%
Drive Auto Receivables Trust	3.720%	09/16/2024	0.0%
Marlette Funding Trust 2018-4	3.710%	12/15/2028	0.0%
Enterprise Fleet Financing LLC	2.870%	10/20/2023	0.0%
Westlake Automobile Receivables Trust 2018-2	3.500%	01/16/2024	0.0%
Exeter Automobile Receivables Trust 2017-1	3.950%	12/15/2022	0.0%
Exeter Automobile Receivables Trust 2016-3	4.220%	06/15/2022	0.0%
Chesapeake Funding II LLC	1.910%	08/15/2029	0.0%

Dividends & Cap Gains

DIVIDEND PAYMENTS

For

YTD Dividends Paidas of 05/07/2021: $0.017
Dividend Frequency: Monthly (Daily Accrual)

Record Date	Ex-Dividend Date	Reinvest & Payable Date	Dividend	Reinvest Price
Daily	Daily	04/30/2021	$0.00481	$10.03
Daily	Daily	03/31/2021	$0.00443	$10.03
Daily	Daily	02/28/2021	$0.00431	$10.04
Daily	Daily	01/31/2021	$0.00415	$10.04

Upcoming Dividend Payment Dates

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

Record Date	Ex-Dividend Date	Reinvest & Payable Date
Daily	Daily	05/31/2021
Daily	Daily	06/30/2021
Daily	Daily	07/31/2021
Daily	Daily	08/31/2021
Daily	Daily	09/30/2021
Daily	Daily	10/31/2021
Daily	Daily	11/30/2021
Daily	Daily	12/31/2021

CAPITAL GAINS DISTRIBUTIONS

For

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

Upcoming Capital Gain Distribution

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

Fees & Expenses

EXPENSE RATIOas of 04/30/2021

0.25%

Fund Documents

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n/a	Portfolio Holdings 1Q Publish Date:11/03/2015
n/a	Portfolio Holdings 3Q Publish Date:11/03/2015
	Summary Prospectus Publish Date:11/03/2015
n/a	Statutory Prospectus Publish Date:11/03/2015
n/a	Prospectus (XBRL) Publish Date:11/03/2015
	SAI Publish Date:11/03/2015
	Annual Report Publish Date:11/03/2015
	Semi-Annual Report Publish Date:11/03/2015
	Fact Sheet Publish Date:11/03/2015
	Commentary Publish Date:11/03/2015

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*Barron’s Overall Fund Family of 2020,” #7 overall ranking among 53 qualifying fund families based on the net total return of the one-year period ending 12/31/2020. Five-year overall ranking is #4 out of 50 qualifying fund families; and 10-year overall ranking is #21 out of 44 qualifying fund families.

Source: Barron’s, “Barron’s Best Fund Families of 2020,” February 20, 2021. Barron’s rankings are based on asset weighted returns in funds in five categories: general equity, world equity (including international and global portfolios), mixed asset (which invest in stocks, bonds and other securities), taxable bond, and tax-exempt (each a "Barron's ranking category"). Rankings also take into account an individual fund's performance within its Lipper peer universe. Lipper calculated each fund's net total return for the year ended December 31, 2020, minus the effects of 12b-1 fees and sales charges. Each fund in the survey was given a percentile ranking with 100 the highest and 1 the lowest in its category. That ranking measured how a fund compared with its peer "universe," as tracked by Lipper, not just the funds in the survey. Individual fund scores were then multiplied by the 2020 weighting of their Barron's ranking category as determined by the entire Lipper universe of funds. Those fund scores were then totaled, creating an overall score and ranking for each fund family in the survey in each Barron's ranking category. The process is repeated for the five- and ten-year rankings as well.

Barron's Fund Family Rankings are awarded annually.

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

© Refinitiv Lipper 2021. All Rights Reserved. Refinitiv, an LSEG (London Stock Exchange Group) business, is one of the world’s largest providers of financial markets data and infrastructure. Lipper provides global, independent fund performance data. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper.

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

The Ultra Short Bond Fund’s 7 Day Yield are shown with and without sales charges and with maximum sales charges. The Fund’s 7 Day Yield takes into account any fee waiver or expense limitation arrangements, if any. Without such fee waivers or expense limitation arrangements, the Fund’s dividend yield would have been lower. Information regarding any fee waivers or expense limitation arrangements applicable to the Fund is provided with the Fund’s expense ratio information.

The 30-Day Standardized Yield represents net investment income earned by a fund over a 30-day period. It is expressed as an annual percentage rate using a method of calculation adopted by the Securities and Exchange Commission (SEC). Yields for other share classes will vary.

The Fund’s 7 Day Yield is shown without sales charges. The Fund’s Subsidized 7 Day Yield takes into account any fee waiver or expense limitation arrangements, if any. Without such fee waivers or expense limitation arrangements, the Fund’s 7 Day Yield would have been lower. Information regarding any fee waivers or expense limitation arrangements applicable to the Fund is provided with the Fund’s expense ratio information.

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

The 30-day Standardized Subsidized yield reflects fee waivers in effect. Without such fee waivers, yields would be reduced.

The 30-day Standardized Unsubsidized yield does not reflect fee waivers.

IMPORTANT INFORMATION

New Fund Risk: The Fund is newly organized. There can be no assurance that the Fund will reach or maintain a sufficient asset size to effectively implement its investing strategy.

A Note about Risk: The Fund is subject to the general risks associated with investing in debt securities, including market, credit, liquidity, and interest rate risk. The value of an investment in the Fund will change as interest rates fluctuate in response to market movements. When interest rates rise, the prices of debt securities are likely to decline, and when interest rates fall, the prices of debt securities tend to rise. Debt securities are subject to credit risk, which is the risk that the issuer will fail to make timely payments of interest and principal to the Fund. The Fund may invest in foreign or emerging market securities, which may be adversely affected by economic, political, or regulatory factors and subject to currency volatility and greater liquidity risk. The Fund may invest in derivatives, which are subject to greater liquidity, leverage, and counterparty risk. Although the Fund may invest in money market securities, this is not a money market fund. These factors can affect Fund performance. As it is a newly organized fund, the Fund’s performance at this time is very limited. The Fund's performance achieved during its initial period of investment operation may not be replicated over longer periods and may not be indicative of how the Fund will perform in the future. Past performance is no guarantee of future results.

Performance data quoted is historical. Past performance is not indicative of future results. Current performance may be higher or lower than the performance quoted. The investment return and principal value of an investment in the Fund will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than their original cost. To obtain performance data current to the most recent quarter-end, go to quarter ending performance on our Website or call Lord Abbett at (888) 522-2388.

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by Standard & Poor’s Financial Services, LLC, and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, © 2011 American Bankers Association. “CUSIP” is a registered trademark of the American Bankers Association.

Returns shown at less than a year reflect aggregate total returns.

Double-Digit Returns - instances of high double-digit returns were achieved primarily during favorable market conditions and may not be sustainable over time.

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

Source: ICE Data Indices, LLC.

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

Lipper Category Average - Peer group averages are based on universes of funds with the same investment objectives. The average return for the peer group is based on the returns of each individual fund within the group for the period shown. This average assumes reinvestment of dividends.

Fund Expense Ratio Detail: Reflects expenses for the Fund's fiscal year-end and is subject to change. Fund expenses may fluctuate with market volatility. A substantial reduction in Fund assets (since its most recently completed fiscal year), whether caused by market conditions or significant redemptions or both, will likely cause total operating expenses (as a percentage of Fund assets) to become higher than those shown.

Lipper Category Average Expense Ratio reflects the average net expenses of Class A shares of all funds with in the peer group based on Lipper data available.

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

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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 05/07/2021

30-Day Standardized Yield 2 as of 03/31/2021

Fund Basicsas of 03/31/2021

Fund Expense Ratio :

0.25%

Fund Expense Ratio :

0.25%

Fund Expense Ratio :

0.25%

Fund Expense Ratio :

0.25%

RELATED CONTENT

Credit Quality Distribution as of 03/31/2021 View Portfolio

INVESTMENT TEAM

Your Representative

Performance

Performance

NAV HISTORICAL PRICES

Fund Expense Ratio :

0.25%

Fund Expense Ratio :

0.25%

Fund Expense Ratio :

0.25%

Fund Expense Ratio :

0.25%

Portfolio

Portfolio

CREDIT QUALITY DISTRIBUTION as of 03/31/2021

Portfolio Positioning as of 12/31/2020

Portfolio Details as of 03/31/2021

Dividends & Cap Gains

Dividends & Cap Gains

DIVIDEND PAYMENTS

DIVIDEND PAYMENTS

Upcoming Dividend Payment Dates

CAPITAL GAINS DISTRIBUTIONS

Upcoming Capital Gain Distribution

Fees & Expenses

Fees & Expenses

EXPENSE RATIOas of 04/30/2021

Fund Documents

Fund Documents

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

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

7 Day Yield ^1,4 as of 05/07/2021

30-Day Standardized Yield ² as of 03/31/2021