LUBWX | Ultra Short Bond Fund Class R6 | Lord Abbett

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Ultra Short Bond Fund

Daily price w/o sales charge as of 01/14/2022

$9.99

$0.00

YTD Returns w/o sales charge as of 01/14/2022

-0.08%

Click here to view all legal text including risk information

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 01/14/2022  

w/o sales charge 0.59%

30-Day Standardized Yield 2 as of 12/31/2021  

0.63%

Fund Basicsas of 12/31/2021

Total Net Assets
$17.47 B
Inception Date
10/17/2016
Dividend Frequency
Monthly
Fund Expense Ratio
0.25%
Number of Holdings
492

Fund Expense Ratio :

0.25%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 10/17/2016
w/o sales charge 0.20% 0.20% 1.50% 1.65% - 1.63%
Lipper Category Avg. Ultra-Short Obligations Funds 0.10% 0.10% 1.48% 1.47% - -
ICE BofA U.S. Treasury Bill Index 0.05% 0.05% 1.04% 1.16% - 1.13%

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 0.20% 0.20% 1.50% 1.65% - 1.63%
Lipper Category Avg. Ultra-Short Obligations Funds 0.10% 0.10% 1.48% 1.47% - -
ICE BofA U.S. Treasury Bill Index 0.05% 0.05% 1.04% 1.16% - 1.13%

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.

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Type Assets
Corp Fixed Rate
Corp Floating
ABS
CMBS
Commercial Paper
CLO
MBS
Bank Loans
U.S. Government Related
Sovereign
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 12/31/2021 View Portfolio

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

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

INVESTMENT TEAM

Yoana N. Koleva
Yoana N. Koleva, CFA

Managing Director, Portfolio Manager

18 Years of Industry Experience

Andrew H. O'Brien
Andrew H. O'Brien, CFA

Partner & Portfolio Manager

23 Years of Industry Experience

Kewjin Yuoh
Kewjin Yuoh

Partner & Portfolio Manager

27 Years of Industry Experience

Adam C. Castle
Adam C. Castle, CFA

Managing Director, Portfolio Manager

13 Years of Industry Experience

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

Your Representative

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

Performance

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 0.20% 0.20% 1.50% 1.65% - 1.63%
Lipper Category Avg. Ultra-Short Obligations Funds 0.10% 0.10% 1.48% 1.47% - -
ICE BofA U.S. Treasury Bill Index 0.05% 0.05% 1.04% 1.16% - 1.13%

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 0.20% 0.20% 1.50% 1.65% - 1.63%
Lipper Category Avg. Ultra-Short Obligations Funds 0.10% 0.10% 1.48% 1.47% - -
ICE BofA U.S. Treasury Bill Index 0.05% 0.05% 1.04% 1.16% - 1.13%

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.

Year Fund Returns ICE BofA U.S. Treasury Bill Index
2021 0.20% 0.05%
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% 0.14% 0.15% -0.12% 0.20%
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

Portfolio

Type Assets
Corp Fixed Rate
Corp Floating
ABS
CMBS
Commercial Paper
CLO
MBS
Bank Loans
U.S. Government Related
Sovereign
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 12/31/2021

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

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

Portfolio Positioning as of 9/30/2021

  • The primary shift in portfolio positioning over the period was from corporate floating rate bonds and asset-backed securities (ABS) to corporate fixed rate bonds and mortgage-backed securities (MBS).  We feel that we have ample floating coupon exposure in the portfolio today across floating rate notes, CMBS, and Commercial Paper and have reduced the portfolio’s exposure to corporate floaters as we believe interest rate risk has softened. We have added to RMBS warehouse deals which we believe to have attractive relative value and spread pick-up.
  • Overall, the portfolio remains high-quality, short-term and very liquid. We continue to focus on maintaining a high degree of liquidity in the portfolio, which should allow us to continue to take advantage of attractive opportunities in the front-end markets.

Portfolio Details as of 12/31/2021

Total Net Assets
$17.47 B
Number of Issues
492
Average Coupon
1.69%
Average Life
1.18 Years
Average Effective Duration
0.6 Years

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

Holding Coupon Maturity Assets
United States Treasury Bill 0.000% 01/27/2022 2.5%
Morgan Stanley 0.749% 01/20/2023 1.7%
UniCredit SpA 6.572% 01/14/2022 1.0%
UBS AG/Stamford CT 7.625% 08/17/2022 1.0%
Energy Transfer LP 0.000% 01/03/2022 0.9%
Viatris Inc 0.000% 01/04/2022 0.9%
Delos Finance Sarl 1.974% 10/06/2023 0.9%
Canadian Imperial Bank of Commerce 0.849% 03/17/2023 0.8%
Goldman Sachs Group Inc/The 0.914% 02/23/2023 0.8%
NatWest Group PLC 3.498% 05/15/2023 0.7%
% of Total Assets 11.2%
Holding Coupon Maturity Assets
United States Treasury Bill0.000% 01/27/20222.5%
Morgan Stanley0.749% 01/20/20231.7%
UBS AG/Stamford CT7.625% 08/17/20221.0%
Flex Ltd0.000% 12/07/20211.0%
Delos Finance Sarl1.882% 10/06/20230.9%
AT&T Inc0.000% 12/14/20210.9%
Canadian Imperial Bank of Commerce0.849% 03/17/20230.8%
Goldman Sachs Group Inc/The0.914% 02/23/20230.8%
SCF Equipment Leasing 2021-1 LLC0.420% 08/20/20260.7%
General Motors Financial Co Inc0.000% 12/01/20210.7%
NatWest Group PLC3.498% 05/15/20230.7%
Bank of Montreal0.729% 03/10/20230.6%
World Financial Network Credit Card Master Trust2.210% 07/15/20260.6%
PFP 2021-7 Ltd0.940% 04/14/20380.6%
AutoNation Inc0.000% 12/01/20210.6%
NatWest Group PLC3.875% 09/12/20230.6%
Barclays PLC4.610% 02/15/20230.6%
Hyundai Capital America0.800% 01/08/20240.6%
Synchrony Card Funding LLC2.950% 03/15/20250.6%
Energy Transfer LP0.000% 12/03/20210.6%
BMW Vehicle Lease Trust 2021-10.290% 01/25/20240.6%
Macquarie Bank Ltd0.441% 12/16/20220.6%
Royal Bank of Canada0.482% 01/17/20230.6%
Met Tower Global Funding0.550% 07/13/20220.6%
Morgan Stanley0.529% 01/25/20240.5%
Toyota Motor Credit Corp1.150% 05/26/20220.5%
MF1 2021-FL6 Ltd1.189% 07/16/20360.5%
PNC Bank NA0.495% 02/24/20230.5%
Danske Bank A/S5.000% 01/12/20220.5%
Donlen Fleet Lease Funding 2 LLC0.560% 12/11/20340.5%
Credit Suisse Group AG3.574% 01/09/20230.5%
Westlake Automobile Receivables Trust 2021-10.950% 03/16/20260.5%
Mitsubishi UFJ Financial Group Inc2.623% 07/18/20220.5%
US Bank NA/Cincinnati OH0.516% 12/09/20220.5%
AbbVie Inc3.450% 03/15/20220.5%
UniCredit SpA6.572% 01/14/20220.5%
Santander UK Group Holdings PLC3.373% 01/05/20240.5%
UBS AG/London1.750% 04/21/20220.5%
AIB Group PLC4.750% 10/12/20230.5%
L3Harris Technologies Inc0.866% 03/10/20230.5%
UniCredit SpA7.830% 12/04/20230.5%
Danske Bank A/S5.375% 01/12/20240.5%
BAT Capital Corp1.036% 08/15/20220.5%
JPMorgan Chase & Co2.776% 04/25/20230.5%
Comcast Hulu Holdings LLC0.965% 03/15/20240.5%
American Express Co2.500% 08/01/20220.5%
Citigroup Inc3.142% 01/24/20230.4%
AbbVie Inc0.810% 11/21/20220.4%
AT&T Inc0.000% 12/16/20210.4%
BX Trust 2021-ARIA0.989% 10/15/20360.4%
Mortgage Repurchase Agreement Financing Trust Series 2021-10.591% 09/10/20220.4%
BX Commercial Mortgage Trust 2021-XL20.778% 10/15/20380.4%
Goldman Sachs Group Inc/The0.481% 01/27/20230.4%
National Australia Bank Ltd0.524% 12/13/20220.4%
American Express Co2.750% 05/20/20220.4%
Metropolitan Life Global Funding I0.619% 01/13/20230.4%
Octagon Investment Partners 30 Ltd1.122% 03/17/20300.4%
American Honda Finance Corp0.672% 06/27/20220.4%
Bank of Nova Scotia/The0.599% 09/15/20230.4%
BBVA Bancomer SA/Texas6.750% 09/30/20220.4%
PNC Bank NA0.546% 12/09/20220.4%
DTE Energy Co0.550% 11/01/20220.4%
Daimler Finance North America LLC1.056% 02/15/20220.4%
Madison Park Funding X Ltd1.142% 01/20/20290.4%
Wells Fargo & Co2.625% 07/22/20220.4%
Saudi Arabian Oil Co2.875% 04/16/20240.4%
VMWARE INC0.000% 09/02/20240.4%
Standard Chartered PLC1.282% 01/20/20230.4%
Standard Chartered PLC4.247% 01/20/20230.4%
Goldman Sachs Group Inc/The0.538% 10/21/20240.4%
KeyBank NA/Cleveland OH0.792% 02/01/20220.4%
Hyundai Auto Lease Securitization Trust 2021-A0.330% 01/16/20240.4%
Dell International LLC / EMC Corp5.450% 06/15/20230.4%
Regatta Funding LP 2013-2A0.974% 01/15/20290.4%
Volkswagen Auto Lease Trust 2020-A0.270% 04/20/20230.3%
BlueMountain Fuji US Clo I Ltd1.112% 07/20/20290.3%
Octagon Investment Partners XIV Ltd1.074% 07/15/20290.3%
Apidos CLO XXIV1.082% 10/20/20300.3%
Toronto-Dominion Bank/The0.650% 12/01/20220.3%
Madison Park Funding XI Ltd1.024% 07/23/20290.3%
Glencore Funding LLC4.625% 04/29/20240.3%
NUTRITION BIOSCIENCES INC0.014% 01/17/20230.3%
Affirm Asset Securitization Trust 2021-A0.880% 08/15/20250.3%
Verus Securitization Trust 2021-40.938% 07/25/20660.3%
Skandinaviska Enskilda Banken AB0.759% 12/12/20220.3%
Galaxy XXIII CLO Ltd0.994% 04/24/20290.3%
Truist Bank0.748% 05/17/20220.3%
OBX 2021-NQM3 Trust1.054% 07/25/20610.3%
ING Groep NV1.282% 03/29/20220.3%
VASA Trust 2021-VASA0.990% 07/15/20390.3%
Pagaya AI Debt Selection Trust 2021-11.180% 11/15/20270.3%
CommonSpirit Health0.000% 12/08/20210.3%
Becton Dickinson and Co1.146% 06/06/20220.3%
Goldman Sachs Group Inc/The0.590% 11/17/20230.3%
Nordea Bank Abp4.250% 09/21/20220.3%
Nissan Auto Lease Trust 2020-B0.340% 12/15/20220.3%
General Motors Co4.875% 10/02/20230.3%
NatWest Group PLC1.626% 05/15/20230.3%
WFRBS Commercial Mortgage Trust 2012-C73.431% 06/15/20450.3%
LFT CRE 2021-FL1 Ltd1.260% 06/15/20390.3%
CSMC 2021-NQM5 Trust0.938% 05/25/20660.3%
Stellantis NV5.250% 04/15/20230.3%
Honda Auto Receivables 2020-3 Owner Trust0.270% 02/21/20230.3%
Reckitt Benckiser Treasury Services PLC0.689% 06/24/20220.3%
COLT 2021-2 Mortgage Loan Trust0.924% 08/25/20660.3%
BXMT 2020-FL2 LTD1.062% 02/15/20380.3%
Freddie Mac Structured Agency Credit Risk Debt Notes0.900% 11/25/20410.3%
OCTAGON INVESTMENT PARTNERS 31 LLC1.182% 07/20/20300.3%
JACKSON FINANCIAL INC0.019% 02/21/20220.3%
Galaxy XIX CLO Ltd1.074% 07/24/20300.3%
TCI-Flatiron Clo 2017-1 Ltd1.120% 11/18/20300.3%
Tesla Auto Lease Trust 2019-A2.160% 10/20/20220.3%
Dell Equipment Finance Trust 2020-20.570% 10/23/20230.3%
ONE 2021-PARK Mortgage Trust0.790% 03/15/20360.3%
HUMANA INC0.000% 10/30/20230.3%
EQUS 2021-EQAZ Mortgage Trust0.844% 10/15/20380.3%
World Financial Network Credit Card Master Trust3.140% 12/15/20250.3%
GM Financial Consumer Automobile Receivables Trust 2020-40.260% 11/16/20230.3%
Madison Park Funding XXXV Ltd1.122% 04/20/20320.3%
Imperial Brands Finance PLC3.500% 02/11/20230.3%
BXMT 2021-FL4 Ltd1.140% 05/15/20380.3%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust4.875% 01/16/20240.3%
Air Lease Corp3.750% 02/01/20220.3%
BMW US Capital LLC0.657% 04/14/20220.3%
Ford Credit Auto Owner Trust 2020-C0.250% 09/15/20230.3%
SA Global Sukuk Ltd0.946% 06/17/20240.3%
CPS Auto Receivables Trust 2021-D0.610% 10/15/20250.3%
Goldman Sachs Group Inc/The2.905% 07/24/20230.3%
Toyota Auto Receivables 2020-D Owner Trust0.230% 05/15/20230.3%
Ready Capital Mortgage Financing 2021-FL5 LLC1.092% 04/25/20380.3%
Swedbank AB2.800% 03/14/20220.3%
Sumitomo Mitsui Financial Group Inc2.784% 07/12/20220.3%
MUFG Union Bank NA0.716% 03/07/20220.3%
Honda Auto Receivables 2020-3 Owner Trust0.370% 10/18/20240.3%
UBS Group AG2.650% 02/01/20220.3%
Citigroup Inc1.084% 04/25/20220.3%
BRAVO Residential Funding Trust 2021-NQM20.970% 03/25/20600.3%
NatWest Group PLC5.125% 05/28/20240.3%
Glencore Funding LLC4.125% 03/12/20240.3%
BMW Finance NV0.944% 08/12/20220.3%
DNB Bank ASA0.740% 12/02/20220.3%
Energy Transfer LP0.000% 12/06/20210.3%
Thermo Fisher Scientific Inc0.399% 04/18/20230.3%
AT&T Inc0.011% 03/23/20220.3%
General Motors Financial Co Inc0.669% 10/15/20240.3%
American Express Co0.780% 05/20/20220.3%
BXHPP Trust 2021-FILM0.740% 08/15/20360.3%
Bain Capital Credit Clo 2016-2 Ltd1.094% 01/15/20290.3%
Standard Chartered PLC3.950% 01/11/20230.3%
Volkswagen Auto Lease Trust 2020-A0.390% 01/22/20240.3%
Otis Worldwide Corp0.583% 04/05/20230.3%
Saudi Electricity Global Sukuk Co 23.473% 04/08/20230.3%
BX Commercial Mortgage Trust 2021-VINO0.742% 05/15/20380.3%
Deephaven Residential Mortgage Trust 2021-31.194% 08/25/20660.3%
Hyundai Capital America2.375% 02/10/20230.2%
Standard Chartered PLC1.319% 10/14/20230.2%
Bank of Ireland Group PLC4.500% 11/25/20230.2%
Carvana Auto Receivables Trust 2021-N11.090% 01/10/20280.2%
Intesa Sanpaolo SpA3.375% 01/12/20230.2%
Westpac Banking Corp0.512% 01/13/20230.2%
Wells Fargo & Co3.500% 03/08/20220.2%
LFT CRE 2021-FL1 Ltd1.840% 06/15/20390.2%
Atrium IX1.122% 05/28/20300.2%
GS Mortgage Securities Corp Trust 2021-ROSS1.240% 05/15/20260.2%
Madison Park Funding XVII Ltd1.130% 07/21/20300.2%
Mortgage Repurchase Agreement Financing Trust0.591% 03/10/20220.2%
General Motors Financial Co Inc5.100% 01/17/20240.2%
Tesla Auto Lease Trust 2021-A0.560% 03/20/20250.2%
Boeing Co/The1.167% 02/04/20230.2%
Avolon Holdings Funding Ltd5.250% 05/15/20240.2%
Barings CLO Ltd 2019-III1.202% 04/20/20310.2%
Barclays PLC4.338% 05/16/20240.2%
General Motors Co5.400% 10/02/20230.2%
LMREC 2021-CRE4 LLC1.141% 04/22/20370.2%
TICP CLO XIV Ltd1.251% 10/20/20320.2%
Goldman Sachs Group Inc/The0.673% 03/08/20240.2%
Santander Holdings USA Inc3.700% 03/28/20220.2%
COLT 2021-3 Mortgage Loan Trust0.956% 09/27/20660.2%
Hilton Orlando Trust 2018-ORL1.010% 12/15/20340.2%
KREF 2021-FL2 Ltd1.160% 02/15/20390.2%
Mondelez International Inc0.625% 07/01/20220.2%
UBS Group AG1.662% 02/01/20220.2%
Duke Energy Progress LLC0.340% 02/18/20220.2%
New York Life Global Funding0.561% 07/12/20220.2%
Intesa Sanpaolo SpA5.250% 01/12/20240.2%
Cedar Funding XI Clo Ltd1.226% 05/29/20320.2%
CSMC 2021-NQM71.756% 10/25/20660.2%
NextEra Energy Capital Holdings Inc0.450% 11/03/20230.2%
Credit Suisse AG/New York NY2.800% 04/08/20220.2%
Fannie Mae Connecticut Avenue Securities0.950% 11/25/20410.2%
Volkswagen Group of America Finance LLC0.750% 11/23/20220.2%
OneMain Direct Auto Receivables Trust 2021-11.260% 07/14/20280.2%
OneMain Direct Auto Receivables Trust 2021-10.870% 07/14/20280.2%
Tapestry Inc3.000% 07/15/20220.2%
MFA 2021-NQM2 Trust1.029% 11/25/20640.2%
Comision Federal de Electricidad4.875% 01/15/20240.2%
Aqua Finance Trust 2021-A1.540% 07/17/20460.2%
Voya CLO 2019-3 Ltd1.253% 10/17/20320.2%
Standard Chartered PLC5.200% 01/26/20240.2%
Standard Chartered PLC1.299% 10/14/20230.2%
Marlette Funding Trust 2021-31.300% 12/15/20310.2%
CIT Group Inc4.750% 02/16/20240.2%
Life 2021-BMR Mortgage Trust0.790% 03/15/20380.2%
Danske Bank A/S1.171% 12/08/20230.2%
Drive Auto Receivables Trust 2021-20.360% 05/15/20240.2%
Citizens Bank NA/Providence RI0.876% 02/14/20220.2%
Dominion Energy Inc0.646% 09/15/20230.2%
Thermo Fisher Scientific Inc0.439% 10/18/20230.2%
Arbor Realty Commercial Real Estate Notes 2019-FL1 Ltd1.240% 05/15/20370.2%
GLS Auto Receivables Issuer Trust 2021-30.780% 11/17/20250.2%
Standard Chartered PLC5.700% 01/25/20220.2%
NatWest Group PLC4.519% 06/25/20240.2%
Australia & New Zealand Banking Group Ltd0.650% 11/21/20220.2%
Cigna Corp1.014% 07/15/20230.2%
Bank of America Corp3.300% 01/11/20230.2%
Westlake Automobile Receivables Trust 2020-20.930% 02/15/20240.2%
Cleco Power LLC0.616% 06/15/20230.2%
Apidos CLO XXXI1.224% 04/15/20310.2%
Atalaya Equipment Leasing Trust 21-11.230% 05/15/20260.2%
Westlake Automobile Receivables Trust 2021-21.230% 12/15/20260.2%
Navient Private Education Refi Loan Trust 2021-F1.110% 02/18/20700.2%
Angel Oak Mortgage Trust 2021-61.458% 09/25/20660.2%
Diageo Investment Corp8.000% 09/15/20220.2%
GM Financial Automobile Leasing Trust 2020-30.450% 08/21/20230.2%
KAYNE CLO I Ltd1.104% 07/15/20310.2%
Enel Finance America LLC0.000% 02/04/20220.2%
ONE Gas Inc0.724% 03/11/20230.2%
Lloyds Banking Group PLC1.326% 06/15/20230.2%
Hawaiian Electric Industries Inc0.000% 12/07/20210.2%
JPMorgan Chase & Co1.124% 01/15/20230.2%
UBS AG5.125% 05/15/20240.2%
Tricolor Auto Securitization Trust 2021-10.740% 04/15/20240.2%
Connecticut Avenue Securities Trust 2021-R010.800% 10/25/20410.2%
Bank of America Corp3.124% 01/20/20230.2%
Hyundai Auto Lease Securitization Trust 2020-B0.510% 09/15/20230.2%
Charter Communications Operating LLC / Charter Communications Operating Capital1.782% 02/01/20240.2%
Drive Auto Receivables Trust 2021-10.440% 11/15/20240.2%
CenterPoint Energy Resources Corp0.620% 03/02/20230.2%
Hertz Vehicle Financing LLC1.210% 12/26/20250.2%
Freddie Mac STACR REMIC Trust 2021-DNA60.850% 10/25/20410.2%
Motel Trust 2021-MTL60.990% 09/15/20380.2%
Atmos Energy Corp0.496% 03/09/20230.2%
AT&T Inc0.689% 03/25/20240.2%
Arbor Realty Commercial Real Estate Notes 2018-FL1 Ltd1.240% 06/15/20280.2%
American Electric Power Co Inc0.612% 11/01/20230.2%
Barclays PLC3.684% 01/10/20230.2%
Santander Consumer Auto Receivables Trust 2021-A0.330% 10/15/20250.2%
GLS Auto Receivables Trust0.770% 09/15/20250.2%
Octagon Loan Funding Ltd1.340% 11/18/20310.2%
CenterPoint Energy Inc0.700% 05/13/20240.2%
World Omni Automobile Lease Securitization Trust 2020-B0.320% 09/15/20230.2%
FMC Corp0.000% 12/01/20210.2%
Macquarie Group Ltd1.196% 11/28/20230.2%
Hyatt Hotels Corp1.099% 10/01/20230.2%
Carlyle Global Market Strategies CLO 2015-1 Ltd1.112% 07/20/20310.2%
Goldman Sachs Group Inc/The5.750% 01/24/20220.2%
Verus Securitization Trust 2021-51.013% 09/25/20660.2%
Lennar Corp4.750% 11/15/20220.2%
Barclays Bank PLC1.700% 05/12/20220.1%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust4.500% 09/15/20230.1%
Navient Private Education Refi Loan Trust 2020-E1.690% 05/15/20690.1%
JPMorgan Chase & Co3.207% 04/01/20230.1%
GLS Auto Receivables Issuer Trust 2021-31.110% 09/15/20260.1%
Park Aerospace Holdings Ltd5.500% 02/15/20240.1%
Synovus Bank/Columbus GA2.289% 02/10/20230.1%
KIND Trust 2021-KIND1.040% 08/15/20380.1%
CIFC Funding 2021-IV Ltd1.174% 07/15/20330.1%
GS Mortgage Securities Corp Trust 2021-RENT0.791% 11/21/20350.1%
Credit Suisse Group AG4.207% 06/12/20240.1%
PFS Financing Corp0.930% 08/15/20240.1%
Santander Retail Auto Lease Trust 2021-A0.920% 03/20/20260.1%
CSMC 2021-NQM41.101% 05/25/20660.1%
Chesapeake Funding II LLC0.570% 01/15/20310.1%
Encina Equipment Finance 2021-1 LLC0.740% 12/15/20260.1%
Avolon Holdings Funding Ltd5.125% 10/01/20230.1%
Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand4.125% 11/09/20220.1%
Morgan Stanley1.524% 10/24/20230.1%
NatWest Markets PLC0.580% 08/12/20240.1%
Carmax Auto Owner Trust 2019-22.680% 03/15/20240.1%
Caterpillar Financial Services Corp0.347% 01/06/20220.1%
John Deere Capital Corp0.604% 06/13/20220.1%
Truist Bank0.779% 03/09/20230.1%
Exeter Automobile Receivables Trust 2021-30.340% 01/16/20240.1%
Freddie Mac Structured Agency Credit Risk Debt Notes0.850% 08/25/20330.1%
AutoNation Inc0.000% 12/07/20210.1%
BP Capital Markets PLC2.500% 11/06/20220.1%
Sumitomo Mitsui Financial Group Inc2.846% 01/11/20220.1%
IHS Markit Ltd5.000% 11/01/20220.1%
Tesla Auto Lease Trust 2021-A1.020% 03/20/20250.1%
Honeywell International Inc0.514% 08/08/20220.1%
HESS CORPORATION2.100% 03/16/20230.1%
Pacific Gas and Electric Co1.367% 03/10/20230.1%
HGI CRE CLO 2021-FL1 Ltd1.139% 06/16/20360.1%
GLS Auto Receivables Trust1.080% 06/15/20260.1%
Nasdaq Inc0.445% 12/21/20220.1%
Santander Consumer Auto Receivables Trust 2020-B0.460% 08/15/20240.1%
Saudi Electricity Global Sukuk Co 34.000% 04/08/20240.1%
Angel Oak Mortgage Trust 2021-31.068% 05/25/20660.1%
Hyundai Auto Lease Securitization Trust 2020-B0.360% 01/17/20230.1%
Santander Retail Auto Lease Trust 2021-C0.500% 03/20/20250.1%
Ford Credit Auto Owner Trust 2017-REV12.620% 08/15/20280.1%
Ally Financial Inc4.625% 05/19/20220.1%
Angel Oak Mortgage Trust 2021-71.978% 10/25/20660.1%
Standard Chartered PLC3.885% 03/15/20240.1%
Credit Suisse Group AG2.997% 12/14/20230.1%
Mercedes-Benz Auto Lease Trust 2020-B0.400% 11/15/20230.1%
Santander Retail Auto Lease Trust 2021-C0.290% 04/22/20240.1%
Glencore Finance Canada Ltd4.250% 10/25/20220.1%
Nationwide Building Society3.766% 03/08/20240.1%
Brighthouse Financial Global Funding0.809% 04/12/20240.1%
Wells Fargo & Co1.234% 01/24/20230.1%
First Investors Auto Owner Trust 2021-20.480% 03/15/20270.1%
Intercontinental Exchange Inc2.350% 09/15/20220.1%
UniCredit SpA4.027% 01/14/20220.1%
Hyundai Capital America3.250% 09/20/20220.1%
Glencore Funding LLC4.125% 05/30/20230.1%
Lending Funding Trust 2020-22.320% 04/21/20310.1%
Citigroup Global Markets Holdings Inc/United States0.750% 06/07/20240.1%
Dell Equipment Finance Trust 2020-20.470% 10/24/20220.1%
DBCG 2017-BBG Mortgage Trust0.790% 06/15/20340.1%
BPCE SA1.354% 09/12/20230.1%
Daimler Finance North America LLC3.400% 02/22/20220.1%
First Abu Dhabi Bank PJSC1.072% 04/16/20220.1%
Dell Equipment Finance Trust 2021-20.330% 12/22/20260.1%
HSBC Holdings PLC3.262% 03/13/20230.1%
FS RIALTO1.309% 04/16/20280.1%
NextEra Energy Capital Holdings Inc0.589% 03/01/20230.1%
Morgan Stanley4.875% 11/01/20220.1%
Freddie Mac STACR REMIC Trust 2021-HQA10.750% 08/25/20330.1%
Octane Receivables Trust 2021-10.930% 03/22/20270.1%
Sumitomo Mitsui Financial Group Inc0.901% 07/12/20220.1%
Aviation Capital Group LLC4.375% 01/30/20240.1%
Macquarie Group Ltd4.150% 03/27/20240.1%
VNDO 2012-6AVE Mortgage Trust2.996% 11/15/20300.1%
GM Financial Automobile Leasing Trust 2020-30.350% 11/21/20220.1%
Flatiron Clo 17 Ltd1.136% 05/15/20300.1%
Freddie Mac STACR REMIC Trust 2021-DNA30.800% 10/25/20330.1%
Encina Equipment Finance 2021-1 LLC0.500% 09/15/20250.1%
Ooredoo International Finance Ltd3.250% 02/21/20230.1%
Avery Point VI CLO Ltd1.040% 08/05/20270.1%
Capital One Financial Corp1.066% 03/09/20220.1%
Intesa Sanpaolo SpA3.125% 07/14/20220.1%
Pertamina Persero PT4.875% 05/03/20220.1%
Avid Automobile Receivables Trust 2021-10.610% 01/15/20250.1%
Daimler Finance North America LLC1.040% 02/22/20220.1%
Carvana Auto Receivables Trust 2020-P10.440% 06/09/20250.1%
GLS Auto Receivables Issuer Trust 2021-10.820% 04/15/20250.1%
Freddie Mac STACR REMIC Trust 2021-HQA30.900% 09/25/20410.1%
Santander Consumer Auto Receivables Trust 2021-A0.230% 11/15/20230.1%
Hyundai Capital America1.250% 09/18/20230.1%
NVR Inc3.950% 09/15/20220.1%
Santander Drive Auto Receivables Trust 2021-20.900% 06/15/20260.1%
General Motors Financial Co Inc1.442% 06/30/20220.1%
GS Mortgage Securities Corp Trust 2018-HULA1.010% 07/15/20250.1%
Pelabuhan Indonesia III Persero PT4.500% 05/02/20230.1%
GM Financial Consumer Automobile Receivables Trust 2021-10.230% 11/16/20230.1%
Citizens Bank NA/Providence RI1.082% 03/29/20230.1%
Fondo MIVIVIENDA SA3.500% 01/31/20230.1%
GLS Auto Receivables Issuer Trust 2021-11.200% 01/15/20270.1%
GM Financial Consumer Automobile Receivables Trust 2019-22.650% 02/16/20240.1%
Hyundai Capital America5.750% 04/06/20230.1%
Monongahela Power Co4.100% 04/15/20240.1%
Hyundai Capital America3.400% 06/20/20240.1%
Great Wolf Trust 2019-WOLF1.124% 12/15/20360.1%
General Motors Financial Co Inc3.700% 05/09/20230.1%
Discover Card Execution Note Trust3.040% 07/15/20240.1%
GreatAmerica Leasing Receivables Funding LLC Series 2021-21.040% 09/15/20270.1%
Jackson National Life Global Funding0.862% 06/27/20220.1%
Viatris Inc1.125% 06/22/20220.1%
Bayer US Finance II LLC1.126% 12/15/20230.1%
Thermo Fisher Scientific Inc0.579% 10/18/20240.1%
Welltower Inc0.000% 12/06/20210.1%
Hyundai Auto Lease Securitization Trust 2021-A0.250% 04/17/20230.1%
Arivo Acceptance Auto Loan Receivables Trust 2021-11.190% 01/15/20270.1%
Marlette Funding Trust 2021-21.060% 09/15/20310.1%
Mitsubishi UFJ Financial Group Inc3.218% 03/07/20220.1%
Nissan Auto Receivables 2019-A Owner Trust2.900% 10/16/20230.1%
BFLD 2019-DPLO1.180% 10/15/20340.1%
Danske Bank A/S1.226% 06/22/20240.1%
Air Lease Corp3.000% 09/15/20230.1%
Marlette Funding Trust 2021-10.600% 06/16/20310.1%
Capital One Bank USA NA2.014% 01/27/20230.1%
BDS 2020-FL5 LTD1.312% 02/16/20370.1%
Foursight Capital Automobile Receivables Trust 2021-20.810% 05/15/20260.1%
Dell Equipment Finance Trust 2021-20.810% 12/22/20260.1%
BBCMS 2017-DELC Mortgage Trust0.940% 08/15/20360.1%
Capital One Multi-Asset Execution Trust2.840% 12/15/20240.1%
Danske Bank A/S5.000% 01/12/20230.1%
Hyundai Capital America0.800% 04/03/20230.1%
Volkswagen Group of America Finance LLC2.900% 05/13/20220.1%
Florida Gas Transmission Co LLC3.875% 07/15/20220.1%
NXP BV / NXP Funding LLC3.875% 09/01/20220.1%
CIT Group Inc5.000% 08/01/20230.1%
Freddie Mac STACR REMIC Trust 2021-HQA20.750% 12/25/20330.1%
Flagship Credit Auto Trust 2021-20.930% 06/15/20270.1%
Avolon Holdings Funding Ltd3.950% 07/01/20240.1%
International Flavors & Fragrances Inc0.697% 09/15/20220.1%
CIT Group Inc3.929% 06/19/20240.1%
Barclays PLC4.375% 09/11/20240.1%
BX Commercial Mortgage Trust 2020-VKNG1.020% 10/15/20370.1%
HPEFS Equipment Trust0.650% 07/22/20300.1%
General Motors Financial Co Inc1.677% 01/14/20220.1%
Marlette Funding Trust 2021-11.000% 06/16/20310.1%
Roper Technologies Inc0.450% 08/15/20220.1%
BMW US Capital LLC0.767% 04/06/20220.1%
American Express Credit Account Master Trust3.070% 10/15/20240.1%
AstraZeneca PLC0.736% 06/10/20220.1%
AstraZeneca PLC2.375% 06/12/20220.1%
National Bank of Canada2.150% 10/07/20220.1%
Aircastle Ltd4.400% 09/25/20230.0%
Aviation Capital Group LLC3.875% 05/01/20230.0%
Verus Securitization Trust 2021-51.218% 09/25/20660.0%
UBS Group AG1.106% 08/15/20230.0%
GLS Auto Receivables Issuer Trust 2019-32.720% 06/17/20240.0%
Triton Container International Ltd0.800% 08/01/20230.0%
Dell Equipment Finance Trust 2021-20.940% 12/22/20260.0%
IHS Markit Ltd4.125% 08/01/20230.0%
Theorem Funding Trust 2021-11.210% 12/15/20270.0%
AstraZeneca PLC0.823% 08/17/20230.0%
Amur Equipment Finance Receivables VII LLC2.630% 06/20/20240.0%
HGI CRE CLO 2021-FL1 Ltd1.689% 06/16/20360.0%
Dell Equipment Finance Trust 2021-21.210% 06/22/20270.0%
American Transmission Systems Inc5.250% 01/15/20220.0%
Kuwait International Government Bond2.750% 03/20/20220.0%
Humana Inc0.650% 08/03/20230.0%
Toyota Auto Receivables 2020-C Owner Trust0.360% 02/15/20230.0%
Freed ABS Trust 2020-1CP0.660% 03/20/20280.0%
Citigroup Inc0.825% 10/27/20220.0%
Citigroup Inc2.700% 10/27/20220.0%
HGI CRE CLO 2021-FL1 Ltd1.489% 06/16/20360.0%
Freddie Mac STACR REMIC Trust 2021-DNA50.700% 01/25/20340.0%
American Express Co0.826% 02/27/20230.0%
BBVA Bancomer SA/Texas4.375% 04/10/20240.0%
Daimler Finance North America LLC2.850% 01/06/20220.0%
Abu Dhabi National Energy Co PJSC3.625% 01/12/20230.0%
Ally Financial Inc4.125% 02/13/20220.0%
Toyota Auto Receivables 2019-A Owner Trust2.910% 07/17/20230.0%
Seminole Tribe of Florida Inc1.840% 07/08/20240.0%
Tesla Auto Lease Trust 2020-A0.550% 05/22/20230.0%
MDGH - GMTN BV5.500% 03/01/20220.0%
Capital One NA2.150% 09/06/20220.0%
CIT Group Inc5.000% 08/15/20220.0%
Carmax Auto Owner Trust 2019-13.050% 03/15/20240.0%
OGE Energy Corp0.703% 05/26/20230.0%
Credit Suisse AG/New York NY0.500% 02/04/20220.0%
Barclays PLC1.749% 01/10/20230.0%
Cooperatieve Rabobank UA4.625% 12/01/20230.0%
Carvana Auto Receivables Trust 2020-P10.280% 11/08/20230.0%
CarMax Auto Owner Trust 2020-21.700% 11/15/20240.0%
ARI Fleet Lease Trust 2020-A1.770% 08/15/20280.0%
ABN AMRO Bank NV6.250% 04/27/20220.0%
American Express Credit Account Master Trust0.539% 09/16/20240.0%
First Investors Auto Owner Trust 2019-22.210% 09/16/20240.0%
Drive Auto Receivables Trust 2019-32.900% 08/15/20250.0%
Park Aerospace Holdings Ltd4.500% 03/15/20230.0%
Mercedes-Benz Auto Receivables Trust 2020-10.460% 03/15/20230.0%
CPS Auto Receivables Trust 2020-C1.010% 01/15/20250.0%
Aviation Capital Group LLC2.875% 01/20/20220.0%
Exelon Corp3.497% 06/01/20220.0%
SCF Equipment Leasing 2019-2 LLC2.220% 06/20/20240.0%
GM Financial Automobile Leasing Trust 2020-20.710% 10/20/20220.0%
World Omni Auto Receivables Trust 2019-B2.590% 07/15/20240.0%
Citigroup Inc1.550% 09/01/20230.0%
AmeriCredit Automobile Receivables Trust 2020-20.600% 12/18/20230.0%
General Motors Financial Co Inc1.123% 01/05/20230.0%
Danske Bank A/S1.174% 09/12/20230.0%
Citizens Bank NA/Providence RI0.990% 05/26/20220.0%
Hyundai Auto Receivables Trust 2020-B0.380% 03/15/20230.0%
Flagship Credit Auto Trust 2020-21.490% 07/15/20240.0%
Mercedes-Benz Auto Lease Trust 2019-B2.000% 10/17/20220.0%
Toyota Auto Receivables 2018-D Owner Trust3.180% 03/15/20230.0%
Indonesia Asahan Aluminium Persero PT5.710% 11/15/20230.0%
Carmax Auto Owner Trust 2018-33.130% 06/15/20230.0%
Metropolitan Edison Co3.500% 03/15/20230.0%
Ford Credit Auto Owner Trust 2018-B3.240% 04/15/20230.0%
Volkswagen Auto Loan Enhanced Trust 2018-23.250% 04/20/20230.0%
GLS Auto Receivables Issuer Trust 2020-30.690% 10/16/20230.0%
Capital One NA1.279% 01/30/20230.0%
Banco BBVA Peru SA5.000% 08/26/20220.0%
Bermuda Government International Bond4.854% 02/06/20240.0%
Fifth Third Bank NA0.772% 02/01/20220.0%
Amur Equipment Finance Receivables VI LLC3.890% 07/20/20220.0%
JPMorgan Chase & Co1.024% 04/25/20230.0%
American Credit Acceptance Receivables Trust 2020-30.620% 10/13/20230.0%
Ford Credit Auto Owner Trust 2020-B0.500% 02/15/20230.0%
Drive Auto Receivables Trust4.090% 01/15/20260.0%
Westgate Resorts 2018-1 LLC3.380% 12/20/20310.0%
Ford Credit Auto Lease Trust 2020-B0.500% 12/15/20220.0%
Honda Auto Receivables 2020-2 Owner Trust0.740% 11/15/20220.0%
Drive Auto Receivables Trust 2017-33.530% 12/15/20230.0%
CPS Auto Receivables Trust 2020-C0.630% 03/15/20240.0%
US 2YR NOTE (CBT) Mar220.000% 04/05/20220.0%

Dividends & Cap Gains

Dividends & Cap Gains

DIVIDEND PAYMENTS

DIVIDEND PAYMENTS

For
YTD Dividends Paidas of 01/14/2022
$0
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 12/31/2021 $0.00493 $10.00
12/16/2021 12/17/2021 12/17/2021 $0.00280 $10.00
Daily Daily 11/30/2021 $0.00503 $10.00
Daily Daily 10/31/2021 $0.00491 $10.01
Daily Daily 09/30/2021 $0.00505 $10.03
Daily Daily 08/31/2021 $0.00489 $10.03
Daily Daily 07/31/2021 $0.00487 $10.03
Daily Daily 06/30/2021 $0.00501 $10.03
Daily Daily 05/31/2021 $0.00463 $10.04
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 01/31/2022
Daily Daily 02/28/2022
Daily Daily 03/31/2022
Daily Daily 04/30/2022
Daily Daily 05/31/2022
Daily Daily 06/30/2022
Daily Daily 07/31/2022
Daily Daily 08/31/2022
Daily Daily 09/30/2022
Daily Daily 10/31/2022
Daily Daily 11/30/2022
Daily Daily 12/31/2022

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

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
12/19/2022 12/20/2022

Fees & Expenses

Fees & Expenses

EXPENSE RATIOas of 12/31/2021

0.25%

Fund Documents

Fund Documents

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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.      

                    

1

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.

 

2

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.

 

3

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. 

 

5

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

 

6

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.

 

Select funds to run a Morningstar Hypothetical Report.

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