Ultra Short Bond Fund

LUBWX

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Daily price w/o sales charge as of 02/15/2019

$10.01

$0.00

YTD Returns w/o sales charge as of 02/15/2019

0.55%

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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 02/15/2019

	Subsidized³	Un-Subsidized³
w/o sales charge	2.84%	2.75%

30-Day Standardized Yield ² as of 01/31/2019

	Subsidized⁵	Un-Subsidized⁶
w/o sales charge	2.80%	2.76%

Fund Basicsas of 12/31/2018

Total Net Assets: $14.65 B
Inception Date: 10/17/2016
Dividend Frequency: Monthly
Fund Gross Expense Ratio: 0.32%
Fund Net Expense Ratio: 0.23%
Number of Holdings: 667
CUSIP: 54401E432

Fund Expense Ratio :

Gross 0.32%

Net 0.23%

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

w/o sales charge	0.43%	2.40%	-	-	-	1.92%
Lipper Category Avg. Ultra-Short Obligations Funds	0.42%	1.70%	-	-	-	-
ICE BofAML U.S. Treasury Bill Index	0.21%	1.98%	-	-	-	1.29%

Fund Expense Ratio :

Gross 0.32%

Net 0.23%

Fund Expense Ratio :

Gross 0.32%

Net 0.23%

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

w/o sales charge	2.11%	2.11%	-	-	-	1.80%
Lipper Category Avg. Ultra-Short Obligations Funds	1.34%	1.35%	-	-	-	-
ICE BofAML U.S. Treasury Bill Index	1.88%	1.88%	-	-	-	1.25%

Fund Expense Ratio :

Gross 0.32%

Net 0.23%

Credit Quality Distribution as of 12/31/2018 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

21 Years of Industry Experience

Kewjin Yuoh

Partner & Portfolio Manager

25 Years of Industry Experience

Adam C. Castle, CFA

Portfolio Manager

11 Years of Industry Experience

Yoana Koleva, CFA

Managing Director & Portfolio Manager

16 Years of Industry Experience

Supported By 66 Investment Professionals with 14 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 0.32%

Net 0.23%

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

w/o sales charge	0.43%	2.40%	-	-	-	1.92%
Lipper Category Avg. Ultra-Short Obligations Funds	0.42%	1.70%	-	-	-	-
ICE BofAML U.S. Treasury Bill Index	0.21%	1.98%	-	-	-	1.29%

Fund Expense Ratio :

Gross 0.32%

Net 0.23%

Fund Expense Ratio :

Gross 0.32%

Net 0.23%

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

w/o sales charge	2.11%	2.11%	-	-	-	1.80%
Lipper Category Avg. Ultra-Short Obligations Funds	1.34%	1.35%	-	-	-	-
ICE BofAML U.S. Treasury Bill Index	1.88%	1.88%	-	-	-	1.25%

Fund Expense Ratio :

Gross 0.32%

Net 0.23%

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

2018	2.11%	1.88%
2017	1.66%	0.82%
2016	0.20%	0.37%

Year	Q1	Q2	Q3	Q4	Yearly Returns

2019	-	-	-	-	0.55%
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
Commercial Paper
ABS
U.S. Government Related
Corp Fixed Rate
Other
Cash

Maturity	Assets
Less than 1 year
1-2.99 years

CREDIT QUALITY DISTRIBUTION as of 12/31/2018

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 12/31/2018

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. We favor all three of these asset classes as we believe they exhibit attractive risk-adjusted carry opportunities.
The 3-month London Interbank Offered Rate (LIBOR) rose during the period, ending the quarter at 2.81%, 41 basis points higher than levels seen last quarter. Higher LIBOR rates tend to benefit the strategy, as a large portion of the portfolio have floating rate coupons tied to LIBOR.
We reduced the portfolio’s allocation to floating rate notes within the financials sector during the fourth quarter. While we continue to maintain a positive view on the sector, we reduced the portfolio’s allocation as financial companies were hurt due to the impact of Brexit negotiations, falling interest rates, and economic growth concerns.
We increased the portfolio’s allocation to floating rate notes within consumer non-cyclicals, a sector which is generally more stable during periods of market volatility. Although we do not anticipate a recession in the near term, volatility associated with recessionary fears and economic downturn increased during the quarter.
We also modestly increased the portfolio’s allocation to commercial paper. We have found opportunities within the commercial paper space during the year as the U.S. Federal Reserve continues to increase the federal funds rate.

Portfolio Details as of 12/31/2018

Total Net Assets: $14.65 B
Number of Issues: 667
Average Coupon: 1.83%
Average Life: 0.77 Years
Average Effective Duration: 0.24 Years

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

Holding	Coupon	Maturity	Assets

J.P.Morgan Securities LLC	0.010%	01/02/2019	2.8%
United States Treasury Bill	0.000%	02/07/2019	2.3%
Morgan Stanley	3.418%	02/14/2020	1.6%
Macquarie Bank Ltd.	2.687%	04/04/2019	1.0%
Goldman, Sachs & Co.	0.010%	01/02/2019	0.9%
Enbridge Energy Partners L.P.	0.000%	01/03/2019	0.9%
Constellation Brands, Inc.	0.000%	01/07/2019	0.8%
Ford Credit Auto Owner Trust 2014-REV2	2.310%	04/15/2026	0.8%
Bank of America NA	2.561%	08/28/2020	0.7%
UBS AG London	2.631%	05/28/2019	0.7%

% of Total Assets			12.5%

Holding	Coupon	Maturity	Assets

J.P.Morgan Securities LLC	0.010%	01/02/2019	2.8%
United States Treasury Bill	0.000%	02/07/2019	2.3%
Morgan Stanley	3.418%	02/14/2020	1.6%
Macquarie Bank Ltd.	2.687%	04/04/2019	1.0%
Goldman, Sachs & Co.	0.010%	01/02/2019	0.9%
Enbridge Energy Partners L.P.	0.000%	01/03/2019	0.9%
Constellation Brands, Inc.	0.000%	01/07/2019	0.8%
Ford Credit Auto Owner Trust 2014-REV2	2.310%	04/15/2026	0.8%
Bank of America NA	2.561%	08/28/2020	0.7%
UBS AG London	2.631%	05/28/2019	0.7%
Sumitomo Mitsui Banking Corp	2.686%	01/17/2020	0.7%
ABN Amro Bank NV	2.973%	01/18/2019	0.6%
Glencore Funding LLC	0.000%	01/03/2019	0.6%
Boston Scientific Corp.	0.000%	01/08/2019	0.6%
CIGNA Corp.	0.000%	02/19/2019	0.6%
Public Service Enterprise Group, Inc.	0.000%	01/07/2019	0.6%
Wells Fargo Bank, N.A.	2.569%	01/15/2020	0.6%
Thermo Fisher Scientific, Inc.	0.000%	01/16/2019	0.6%
CNH Capital LLC	0.000%	01/02/2019	0.6%
JPMorgan Chase & Co.	2.969%	01/28/2019	0.6%
Royal Caribbean Cruises Ltd.	0.000%	01/18/2019	0.6%
Dollar Tree, Inc.	3.036%	04/17/2020	0.6%
Johnson Controls International plc	0.000%	01/16/2019	0.6%
Laclede Group, Inc.	0.000%	01/15/2019	0.6%
Chesapeake Funding II LLC	2.905%	01/15/2031	0.5%
Humana, Inc.	0.000%	01/22/2019	0.5%
Marriott International, Inc.	0.000%	01/25/2019	0.5%
Citigroup, Inc.	3.121%	01/10/2020	0.5%
Jackson National Life Global Funding	2.736%	10/15/2020	0.5%
Johnson Controls International plc	0.000%	01/07/2019	0.5%
NextEra Energy Capital Holdings, Inc.	0.000%	01/28/2019	0.5%
Schlumberger Holdings Corp.	0.000%	02/21/2019	0.5%
Wells Fargo & Co.	3.019%	01/30/2020	0.5%
Boston Scientific Corp.	0.000%	01/07/2019	0.5%
JPMorgan Chase Bank NA	2.545%	09/01/2020	0.5%
Wells Fargo & Co.	3.227%	07/22/2020	0.5%
NiSource, Inc.	0.000%	01/16/2019	0.5%
HSBC Holdings plc	2.984%	09/11/2021	0.5%
Toronto-Dominion Bank	2.594%	09/17/2020	0.5%
General Motors Financial Co., Inc.	0.000%	03/14/2019	0.5%
Wells Fargo Bank, N.A.	2.847%	07/23/2021	0.5%
BA Credit Card Trust	1.840%	01/17/2023	0.5%
Oglethorpe Power Corp.	0.000%	01/16/2019	0.4%
Energy Transfer Partners L.P.	0.000%	02/25/2019	0.4%
Laclede Group, Inc.	0.000%	01/08/2019	0.4%
Entergy Corp.	0.000%	02/22/2019	0.4%
FMC Technologies, Inc.	0.000%	01/10/2019	0.4%
Bank of America Corp.	3.379%	01/15/2019	0.4%
Capital One Multi-Asset Execution Trust	1.990%	07/17/2023	0.4%
Marriott International, Inc.	0.000%	01/28/2019	0.4%
Citibank Credit Card Issuance Trust	1.920%	04/07/2022	0.4%
Entergy Corp.	0.000%	03/06/2019	0.4%
Cabela's Credit Card Master Note Trust	3.305%	06/15/2022	0.4%
Royal Caribbean Cruises Ltd.	0.000%	01/25/2019	0.4%
Goldman Sachs Group, Inc.	3.134%	12/13/2019	0.4%
Campbell Soup Co.	0.000%	03/01/2019	0.4%
IBM Credit LLC	3.177%	11/30/2020	0.4%
Entergy Corp.	0.000%	01/14/2019	0.4%
General Electric Co.	3.028%	01/09/2020	0.4%
Oglethorpe Power Corp.	0.000%	01/02/2019	0.4%
Master Credit Card Trust II	2.260%	07/21/2021	0.4%
Cigna Corp	3.138%	03/17/2020	0.4%
Energy Transfer Partners L.P.	0.000%	01/24/2019	0.4%
Boston Scientific Corp.	0.000%	01/03/2019	0.3%
Magna International, Inc.	0.000%	01/03/2019	0.3%
Johnson Controls International plc	0.000%	01/17/2019	0.3%
Harris Corp.	0.000%	01/25/2019	0.3%
World Financial Network Credit Card Master Trust	1.980%	06/15/2023	0.3%
Goldman Sachs Group, Inc.	3.375%	04/25/2019	0.3%
FMC Technologies, Inc.	0.000%	02/11/2019	0.3%
US Bank NA	2.592%	07/24/2020	0.3%
Toyota Motor Credit Corp.	2.582%	07/15/2020	0.3%
Southern Co.	2.802%	02/14/2020	0.3%
American Honda Finance Corp.	2.460%	02/21/2020	0.3%
Jackson National Life Global Funding	2.637%	04/27/2020	0.3%
Marriott International, Inc.	3.229%	12/01/2020	0.3%
Sumitomo Mitsui Banking Corp	2.806%	10/16/2020	0.3%
NextEra Energy Capital Holdings, Inc.	2.861%	08/28/2021	0.3%
CBS Corp.	0.000%	01/07/2019	0.3%
Tyco International Holding Sarl	0.000%	01/07/2019	0.3%
CBS Corp.	0.000%	01/08/2019	0.3%
Laclede Group, Inc.	0.000%	01/16/2019	0.3%
Schlumberger Holdings Corp.	0.000%	02/01/2019	0.3%
FMC Technologies, Inc.	0.000%	02/04/2019	0.3%
AutoNation, Inc.	0.000%	01/14/2019	0.3%
Energy Transfer Partners L.P.	0.000%	03/12/2019	0.3%
Bell Canada, Inc.	0.000%	02/14/2019	0.3%
Schlumberger Holdings Corp.	0.000%	02/19/2019	0.3%
Magna International, Inc.	0.000%	01/08/2019	0.3%
Nissan Master Owner Trust Receivables	2.885%	04/18/2022	0.3%
ING Bank NV	3.496%	03/22/2019	0.3%
Royal Bank of Canada	2.635%	07/22/2020	0.3%
DLL 2018-2 LLC	3.140%	10/20/2020	0.3%
Enable Midstream Partners L.P.	0.000%	01/03/2019	0.3%
WestRock Co.	0.000%	01/10/2019	0.3%
CNH Capital LLC	0.000%	01/03/2019	0.3%
Enable Midstream Partners L.P.	0.000%	01/16/2019	0.3%
Enable Midstream Partners L.P.	0.000%	01/18/2019	0.3%
Regions Bank, Birmingham, AL	2.838%	08/13/2021	0.3%
Southern Power Co	2.888%	12/20/2020	0.3%
Santander Drive Auto Receivables Trust 2015-4	4.540%	11/15/2022	0.3%
Bank of Montreal	2.677%	07/13/2020	0.3%
Capital One Multi-Asset Execution Trust	2.000%	01/17/2023	0.3%
Drive Auto Receivables Trust 2018-5	3.680%	07/15/2023	0.3%
Ford Motor Credit Co. LLC	3.919%	01/08/2019	0.3%
World Omni Select Auto Trust 2018-1	3.460%	03/15/2023	0.3%
GE Dealer Floorplan Master Note Trust	3.120%	01/20/2022	0.3%
Sherwin-Williams Co.	0.000%	01/08/2019	0.3%
Santander Drive Auto Receivables Trust 2016-1	5.020%	06/15/2023	0.3%
AT&T, Inc.	3.316%	06/30/2020	0.3%
Santander Drive Auto Receivables Trust 2018-4	3.270%	01/17/2023	0.3%
Magna International, Inc.	0.000%	01/02/2019	0.3%
Santander Drive Auto Receivables Trust 2015-4	3.530%	08/16/2021	0.3%
NiSource, Inc.	0.000%	01/14/2019	0.3%
Volkswagen Group of America Finance LLC	3.388%	11/13/2020	0.3%
Walgreen Co.	0.000%	01/22/2019	0.3%
Chesapeake Funding II LLC	2.120%	11/15/2029	0.3%
CBS Corp.	0.000%	02/07/2019	0.2%
Citigroup, Inc.	3.696%	06/07/2019	0.2%
Ford Motor Credit Co. LLC	3.339%	01/09/2020	0.2%
Campbell Soup Co.	0.000%	02/19/2019	0.2%
Discover Card Execution Note Trust	1.390%	03/15/2022	0.2%
Dr. Pepper Snapple Group, Inc.	0.000%	01/11/2019	0.2%
Canadian Imperial Bank of Commerce	2.647%	10/05/2020	0.2%
Goldman Sachs Group, Inc.	3.367%	10/23/2019	0.2%
Pentair Finance SA	0.000%	01/03/2019	0.2%
Daimler Finance North America LLC	2.967%	01/06/2020	0.2%
UBS AG London	2.801%	12/01/2020	0.2%
Toronto-Dominion Bank	2.611%	06/11/2020	0.2%
Daimler Finance North America LLC	2.731%	05/04/2020	0.2%
American Honda Finance Corp.	2.594%	06/16/2020	0.2%
DLL 2018-1 LLC	2.810%	11/17/2020	0.2%
ConAgra Brands, Inc.	3.219%	10/22/2020	0.2%
Intesa Sanpaolo SpA	2.966%	07/17/2019	0.2%
Navistar Financial Dealer Note Master Owner Trust	3.136%	09/25/2023	0.2%
First National Master Note Trust 2018-1	2.915%	10/15/2024	0.2%
Comcast Corp.	2.738%	10/01/2020	0.2%
Humana, Inc.	0.000%	02/12/2019	0.2%
Credit Agricole Corporate & Investment Bank SA	3.023%	10/03/2021	0.2%
Wells Fargo Bank, N.A.	2.987%	10/22/2021	0.2%
Constellation Brands, Inc.	3.209%	11/15/2021	0.2%
Flagship Credit Auto Trust 2018-3	3.070%	02/15/2023	0.2%
Ford Motor Credit Co. LLC	3.085%	10/12/2021	0.2%
Cabela's Credit Card Master Note Trust	2.905%	07/15/2022	0.2%
Nissan Motor Acceptance Corp.	2.854%	03/15/2021	0.2%
Dell Equipment Finance Trust 2018-1	2.970%	10/22/2020	0.2%
Bank of Nova Scotia	2.729%	07/14/2020	0.2%
World Financial Network Credit Card Master Trust	2.150%	04/17/2023	0.2%
Ford Motor Credit Co. LLC	3.164%	03/12/2019	0.2%
Synchrony Credit Card Master Note Trust	2.370%	03/15/2023	0.2%
Goldman Sachs Group, Inc.	3.507%	04/23/2020	0.2%
Huntington National Bank	2.837%	03/10/2020	0.2%
Citibank, Inc.	2.663%	05/01/2020	0.2%
Canadian Imperial Bank of Commerce/New York NY	2.748%	09/20/2019	0.2%
Manufacturers & Traders Trust Co	3.552%	12/28/2020	0.2%
Drive Auto Receivables Trust 2018-5	3.080%	07/15/2021	0.2%
HSBC Holdings plc	2.922%	05/18/2021	0.2%
John Deere Capital Corp.	2.556%	01/07/2020	0.2%
Zimmer Biomet Holdings, Inc.	3.089%	03/19/2021	0.2%
Marlette Funding Trust 2018-3	3.200%	09/15/2028	0.2%
Citibank, Inc.	2.917%	07/23/2021	0.2%
NextEra Energy Capital Holdings, Inc.	0.000%	02/04/2019	0.2%
Capital Auto Receivables Asset Trust 2018-2	3.020%	02/22/2021	0.2%
National Bank of Canada	3.336%	06/12/2020	0.2%
New York Life Global Funding	2.661%	08/06/2021	0.2%
ABN Amro Bank NV	2.881%	08/27/2021	0.2%
WGL Holdings, Inc.	3.326%	03/12/2020	0.2%
Tyco Electronics Group S.A.	3.201%	06/05/2020	0.2%
Public Service Co of North Carolina Inc	0.000%	01/07/2019	0.2%
WGL Holdings, Inc.	2.717%	11/29/2019	0.2%
American Electric Power Co., Inc.	0.000%	01/23/2019	0.2%
Santander UK plc	3.812%	03/14/2019	0.2%
GMF Floorplan Owner Revolving Trust	2.755%	03/15/2022	0.2%
PFS Financing Corp.	2.855%	02/15/2022	0.2%
National Australia Bank Ltd.	2.820%	05/22/2020	0.2%
Standard Chartered plc	3.452%	08/19/2019	0.2%
Fifth Third Bank, OH	2.775%	07/26/2021	0.2%
Synchrony Credit Card Master Note Trust	2.380%	09/15/2023	0.2%
Drive Auto Receivables Trust	3.040%	11/15/2021	0.2%
Foursight Capital Automobile Receivables Trust 201	3.320%	04/15/2022	0.2%
Sherwin-Williams Co.	0.000%	01/03/2019	0.2%
Enable Midstream Partners L.P.	0.000%	01/15/2019	0.2%
Constellation Brands, Inc.	0.000%	01/17/2019	0.2%
Campbell Soup Co.	0.000%	02/22/2019	0.2%
CIGNA Corp.	0.000%	02/26/2019	0.2%
CVS Caremark Corp.	2.957%	03/09/2020	0.2%
Conn's Receivables Funding 2018-A LLC	3.250%	01/15/2023	0.2%
Commonwealth Bank of Australia	2.777%	03/10/2020	0.2%
JPMorgan Chase Bank NA	2.848%	04/26/2021	0.2%
Sumitomo Mitsui Banking Corp	2.643%	10/18/2019	0.2%
NiSource, Inc.	0.000%	01/08/2019	0.2%
Enbridge Energy Partners L.P.	0.000%	01/07/2019	0.2%
Drive Auto Receivables Trust 2018-5	2.775%	07/15/2021	0.2%
Bemis Co., Inc.	0.000%	01/03/2019	0.2%
US Bank NA	2.602%	05/21/2021	0.2%
World Omni Select Auto Trust 2018-1	3.240%	04/15/2022	0.2%
Protective Life Global Funding	2.906%	06/28/2021	0.2%
Compass Bank	3.061%	06/11/2021	0.2%
BMW US Capital LLC	2.689%	08/14/2020	0.2%
BMW US Capital LLC	2.819%	08/13/2021	0.2%
Westlake Automobile Receivables Trust 2018-3	3.320%	10/16/2023	0.2%
American Express Co.	3.192%	11/05/2021	0.2%
Macquarie Bank Ltd.	2.684%	03/15/2019	0.2%
Kinder Morgan, Inc.	0.000%	01/03/2019	0.2%
Public Service Enterprise Group, Inc.	0.000%	01/14/2019	0.2%
Daimler Finance North America LLC	3.252%	11/05/2021	0.2%
TD Ameritrade Holding Corp.	2.971%	11/01/2021	0.2%
DLL 2018-1 LLC	3.100%	04/18/2022	0.2%
Westlake Automobile Receivables Trust 2016-3	3.580%	01/18/2022	0.2%
AutoNation, Inc.	0.000%	01/02/2019	0.2%
Golden Credit Card Trust	1.980%	04/15/2022	0.2%
NextGear Floorplan Master Owner Trust	2.190%	09/15/2021	0.2%
DLL Securitization Trust 2017-A	2.140%	12/15/2021	0.2%
Citigroup, Inc.	3.109%	04/08/2019	0.2%
Drive Auto Receivables Trust	2.750%	10/15/2020	0.2%
South Carolina Fuel Co Inc	0.000%	01/18/2019	0.2%
UBS AG London	3.347%	06/08/2020	0.2%
Flagship Credit Auto Trust 2018-2	2.970%	10/17/2022	0.2%
GMF Floorplan Owner Revolving Trust	2.580%	01/18/2022	0.2%
Daimler Finance North America LLC	2.959%	10/30/2019	0.2%
Marlette Funding Trust 2018-4	3.710%	12/15/2028	0.2%
Bank of Montreal	2.581%	09/11/2019	0.2%
FREED ABS TRUST 2018-2	3.990%	10/20/2025	0.1%
NiSource, Inc.	0.000%	01/29/2019	0.1%
GE Capital Credit Card Master Note Trust	1.760%	09/15/2022	0.1%
Westpac Banking Corp.	3.048%	05/13/2019	0.1%
Ford Credit Floorplan Master Owner Trust A	3.075%	07/15/2021	0.1%
Springleaf Funding Trust 2016-A	2.900%	11/15/2029	0.1%
AmeriCredit Automobile Receivables 2015-4	3.720%	12/08/2021	0.1%
Bemis Co., Inc.	0.000%	01/02/2019	0.1%
JPMorgan Chase & Co.	3.432%	01/23/2020	0.1%
General Motors Financial Co., Inc.	0.000%	01/03/2019	0.1%
Humana, Inc.	0.000%	01/11/2019	0.1%
Royal Caribbean Cruises Ltd.	0.000%	01/07/2019	0.1%
Ally Master Owner Trust	2.795%	06/15/2021	0.1%
FMC Technologies, Inc.	0.000%	02/08/2019	0.1%
General Electric Co.	2.946%	01/14/2019	0.1%
Martin Marietta Materials, Inc.	2.838%	12/20/2019	0.1%
Time Warner Cable LLC	8.250%	04/01/2019	0.1%
Martin Marietta Materials, Inc.	2.960%	05/22/2020	0.1%
Black Hills Corp.	0.000%	01/14/2019	0.1%
Mondelez International, Inc.	0.000%	01/22/2019	0.1%
Enable Midstream Partners L.P.	0.000%	01/22/2019	0.1%
Svenska Handelsbanken/New York NY	2.617%	10/21/2019	0.1%
Capital Auto Receivables Asset Trust 2018-1	2.790%	01/20/2022	0.1%
Vulcan Materials Co.	2.971%	03/01/2021	0.1%
Goldman Sachs Group, Inc.	3.111%	12/27/2020	0.1%
American Credit Acceptance Receivables Trust 2018-	2.940%	01/10/2022	0.1%
Harley-Davidson Financial Services Inc	2.812%	05/21/2020	0.1%
Lloyds Bank plc	2.833%	05/07/2021	0.1%
Cabela's Credit Card Master Note Trust	1.780%	06/15/2022	0.1%
Macquarie Bank Ltd.	3.519%	01/15/2019	0.1%
Westlake Automobile Receivables Trust 2018-3	2.980%	01/18/2022	0.1%
Westlake Automobile Receivables Trust 2016-3	2.460%	01/18/2022	0.1%
Ford Credit Auto Owner Trust 2015-REV1	2.120%	07/15/2026	0.1%
Federation des Caisses Desjardins du Quebec	2.669%	10/30/2020	0.1%
Gracechurch Card Funding PLC	2.855%	07/15/2022	0.1%
Chesapeake Funding II LLC	2.795%	08/15/2029	0.1%
Mitsubishi UFJ Financial Grp, Inc.	2.985%	07/26/2021	0.1%
Capital One Multi-Asset Execution Trust	1.330%	06/15/2022	0.1%
First Investors Auto Owner Trust 2018-2	3.230%	12/15/2022	0.1%
Ford Credit Floorplan Master Owner Trust A	2.390%	08/15/2022	0.1%
Exeter Automobile Receivables Trust 2017-3	2.050%	12/15/2021	0.1%
WGL Holdings, Inc.	0.000%	02/06/2019	0.1%
DowDuPont Inc	3.417%	11/15/2020	0.1%
General Motors Financial Co., Inc.	3.791%	05/09/2019	0.1%
Laclede Group, Inc.	0.000%	01/11/2019	0.1%
TransCanada PipeLine USA Ltd	0.000%	02/25/2019	0.1%
Energy Transfer Partners L.P.	0.000%	03/18/2019	0.1%
General Motors Financial Co., Inc.	3.613%	10/04/2019	0.1%
SMB Private Education Loan Trust 2018-B	2.775%	12/16/2024	0.1%
World Financial Network Credit Card Master Trust	3.070%	12/16/2024	0.1%
Drive Auto Receivables Trust	4.180%	03/15/2024	0.1%
Americredit Automobile Receivables Trust 2018-3	3.110%	01/18/2022	0.1%
Americredit Automobile Receivables Trust 2018-3	2.705%	01/18/2022	0.1%
Santander Drive Auto Receivables Trust 2015-5	3.650%	12/15/2021	0.1%
Campbell Soup Co.	0.000%	03/04/2019	0.1%
CBS Corp.	0.000%	01/23/2019	0.1%
Manufacturers & Traders Trust Co	2.760%	01/25/2021	0.1%
Branch Banking & Trust Co.	2.789%	01/15/2020	0.1%
Barclays Dryrock Issuance Trust	2.755%	05/15/2023	0.1%
Drive Auto Receivables Trust	2.780%	10/15/2020	0.1%
WGL Holdings, Inc.	0.000%	02/05/2019	0.1%
Alimentation Couche-Tard, Inc.	2.834%	12/13/2019	0.1%
Ford Motor Credit Co. LLC	3.168%	08/12/2019	0.1%
Foursight Capital Automobile Receivables Trust 201	2.850%	08/16/2021	0.1%
Toronto-Dominion Bank	2.730%	01/25/2021	0.1%
Chase Issuance Trust	1.270%	07/15/2021	0.1%
Morgan Stanley	3.477%	01/27/2020	0.1%
AmeriCredit Automobile Receivables Trust	3.370%	11/08/2021	0.1%
UBS AG	2.959%	08/14/2019	0.1%
California Republic Auto Receivables Trust 2018-1	2.860%	03/15/2021	0.1%
JPMorgan Chase Bank NA	2.588%	02/13/2020	0.1%
Sofi Professional Loan Program 2018-B Trust	2.640%	08/25/2047	0.1%
Citibank, Inc.	2.597%	09/18/2019	0.1%
Sempra Energy	2.589%	07/15/2019	0.1%
Skandinaviska Enskilda Banken AB	2.904%	09/13/2019	0.1%
Campbell Soup Co.	2.834%	03/16/2020	0.1%
Westpac Banking Corp.	2.594%	05/15/2020	0.1%
National Australia Bank Ltd.	2.687%	01/12/2021	0.1%
Lloyds Bank plc	3.347%	01/22/2019	0.1%
Ford Motor Credit Co. LLC	3.147%	04/05/2021	0.1%
Citigroup, Inc.	3.645%	10/26/2020	0.1%
Discover Card Execution Note Trust	1.900%	10/17/2022	0.1%
Gilead Sciences, Inc.	2.558%	03/20/2019	0.1%
Danske Bank A/S	2.831%	03/02/2020	0.1%
SL Green Operating Partnership L.P.	3.323%	08/16/2021	0.1%
GMF Floorplan Owner Revolving Trust	1.960%	05/17/2021	0.1%
NextGear Floorplan Master Owner Trust	3.055%	10/16/2023	0.1%
Siemens Financial Services, Inc.	2.674%	03/16/2020	0.1%
Santander UK plc	2.941%	06/01/2021	0.1%
Morgan Stanley	3.718%	02/01/2019	0.1%
Capital Auto Receivables Asset Trust 2018-1	2.930%	06/20/2022	0.1%
Bank of Nova Scotia	2.909%	04/20/2021	0.1%
Deutsche Telekom International Finance	2.789%	09/19/2019	0.1%
Bank of Montreal	2.934%	12/12/2019	0.1%
Santander Drive Auto Receivables Trust 2018-3	2.780%	03/15/2021	0.1%
Drive Auto Receivables Trust 2018-2	2.880%	06/15/2021	0.1%
Bank of America Corp.	3.266%	04/01/2019	0.1%
Humana, Inc.	0.000%	01/25/2019	0.1%
Morgan Stanley	3.314%	06/16/2020	0.1%
Pentair Finance SA	0.000%	01/04/2019	0.1%
Chase Issuance Trust	1.580%	08/15/2021	0.1%
NiSource, Inc.	0.000%	01/28/2019	0.1%
NextGear Floorplan Master Owner Trust	2.540%	04/18/2022	0.1%
PFS Financing Corp.	2.400%	10/17/2022	0.1%
Vulcan Materials Co.	2.934%	06/15/2020	0.1%
General Electric Co.	2.796%	03/28/2020	0.1%
Credit Agricole S.A.	3.236%	04/15/2019	0.1%
Chase Issuance Trust	2.655%	04/17/2023	0.1%
Nissan Motor Acceptance Corp.	2.854%	09/13/2019	0.1%
Santander Drive Auto Receivables Trust 2018-5	3.520%	12/15/2022	0.1%
Drive Auto Receivables Trust	3.010%	11/15/2021	0.1%
SunTrust Banks, Inc.	3.008%	10/26/2021	0.1%
Humana, Inc.	0.000%	02/11/2019	0.1%
Enbridge Energy Partners L.P.	0.000%	01/02/2019	0.1%
Capital Auto Receivables Asset Trust 2018-2	3.270%	06/20/2023	0.1%
Danske Bank A/S	2.903%	09/06/2019	0.1%
AIG Global Funding	2.878%	07/02/2020	0.1%
Intesa Sanpaolo SpA	3.875%	01/15/2019	0.1%
Mondelez International Holdings Netherlands BV	2.949%	10/28/2019	0.1%
California Republic Auto Receivables Trust 2017-1	2.280%	06/15/2022	0.1%
Australia & New Zealand Banking Group Ltd.	2.772%	05/17/2021	0.1%
SCF Equipment Leasing 2018-1 LLC	3.630%	10/20/2024	0.1%
CPS Auto Trust	3.310%	12/15/2022	0.1%
FREED ABS TRUST 2018-1	3.610%	07/18/2024	0.1%
Ford Credit Floorplan Master Owner Trust A	1.980%	01/15/2022	0.1%
Nutrien Ltd	6.750%	01/15/2019	0.1%
AXIS Equipment Finance Receivables VI LLC	3.890%	07/20/2022	0.1%
Citibank, Inc.	2.678%	03/20/2019	0.1%
Capital Auto Receivables Asset Trust	2.670%	08/20/2020	0.1%
Nordea Bank Abp	2.787%	05/29/2020	0.1%
Daimler Finance North America LLC	2.768%	02/12/2021	0.1%
Citibank, Inc.	2.648%	10/20/2020	0.1%
Drive Auto Receivables Trust	5.150%	08/15/2022	0.1%
Becton, Dickinson & Co.	3.261%	12/29/2020	0.1%
Drive Auto Receivables Trust	3.190%	07/15/2022	0.1%
Sofi Professional Loan Program 2018-A LLC	2.390%	02/25/2042	0.1%
Capital One Financial Corp.	3.378%	05/12/2020	0.1%
Drive Auto Receivables Trust	3.720%	10/17/2022	0.1%
Honda Auto Receivables 2017-3 Owner Trust	1.790%	09/20/2021	0.1%
Barclays Bank plc	3.279%	10/28/2019	0.1%
John Deere Capital Corp.	2.457%	07/05/2019	0.1%
Campbell Soup Co.	0.000%	01/07/2019	0.1%
Australia & New Zealand Banking Group Ltd.	2.589%	12/19/2019	0.1%
ConAgra Brands, Inc.	2.908%	10/09/2020	0.1%
Daimler Finance North America LLC	2.871%	05/05/2020	0.1%
Branch Banking & Trust Co.	2.541%	06/01/2020	0.1%
Santander UK plc	2.648%	11/03/2020	0.1%
Assurant, Inc.	4.072%	03/26/2021	0.1%
Australia & New Zealand Banking Group Ltd.	3.140%	08/19/2020	0.1%
General Dynamics Corp.	2.628%	05/11/2020	0.1%
Morgan Stanley	2.891%	02/10/2021	0.1%
ABN Amro Bank NV	2.752%	01/19/2021	0.1%
WGL Holdings, Inc.	0.000%	01/07/2019	0.1%
American Express Credit Account Master Trust	2.670%	10/17/2022	0.1%
Aviation Capital Group Corp.	3.013%	07/30/2021	0.1%
Royal Caribbean Cruises Ltd.	0.000%	01/30/2019	0.1%
Ford Motor Credit Co. LLC	2.375%	03/12/2019	0.1%
Lloyds Banking Group plc	3.153%	06/21/2021	0.1%
Dominion Resources, Inc.	1.875%	01/15/2019	0.1%
Torchmark Corp.	0.000%	01/10/2019	0.1%
Wabtec Corp.	3.382%	09/15/2021	0.1%
Bayer US Finance II LLC	3.452%	06/25/2021	0.1%
Wells Fargo Bank, N.A.	2.973%	12/06/2019	0.1%
Nissan Motor Acceptance Corp.	2.125%	03/03/2020	0.1%
CPS Auto Trust	2.870%	09/15/2021	0.1%
Citizens Bank N.A.	2.861%	03/02/2020	0.1%
Master Credit Card Trust II	3.400%	01/21/2022	0.1%
Westpac Banking Corp.	3.169%	03/06/2020	0.1%
Sempra Energy	2.839%	01/15/2021	0.1%
Ford Motor Credit Co. LLC	0.000%	11/25/2019	0.1%
TCF Auto Receivables Owner Trust 2015-2	2.550%	04/15/2021	0.1%
Sumitomo Mitsui Trust Bank Ltd	2.779%	09/19/2019	0.1%
WGL Holdings, Inc.	0.000%	01/09/2019	0.1%
World Financial Network Credit Card Master Trust	1.980%	08/15/2023	0.1%
BA Credit Card Trust	1.950%	08/15/2022	0.1%
AmeriCredit Automobile Receivables Trust 2017-4	2.040%	07/18/2022	0.1%
MMAF Equipment Finance LLC 2014-A	1.590%	02/08/2022	0.1%
CPS Auto Receivables Trust 2016-C	3.270%	06/15/2022	0.1%
Branch Banking & Trust Co.	3.054%	01/15/2020	0.1%
Drive Auto Receivables Trust	3.720%	09/16/2024	0.1%
Citibank Credit Card Issuance Trust	1.800%	09/20/2021	0.1%
Barclays Dryrock Issuance Trust	2.785%	07/15/2024	0.1%
Wells Fargo & Co.	2.807%	04/22/2019	0.1%
CPS Auto Receivables Trust 2018-B	2.720%	09/15/2021	0.1%
Toyota Auto Receivables 2016-D Owner Trust	1.230%	10/15/2020	0.1%
Flagship Credit Auto Trust 2016-3	2.430%	06/15/2021	0.1%
American Express Credit Corp.	2.804%	08/15/2019	0.1%
Phillips 66	2.911%	02/26/2021	0.1%
Drive Auto Receivables Trust 2017-2	2.750%	09/15/2023	0.1%
Drive Auto Receivables Trust	4.530%	08/15/2023	0.1%
ING Bank NV	2.924%	08/15/2019	0.1%
National Australia Bank Ltd.	3.017%	12/09/2019	0.1%
Tyson Foods, Inc.	2.765%	05/30/2019	0.1%
General Motors Financial Co., Inc.	3.996%	01/15/2020	0.1%
Royal Caribbean Cruises Ltd.	0.000%	01/02/2019	0.1%
General Motors Financial Co., Inc.	3.267%	04/13/2020	0.1%
Drive Auto Receivables Trust 2017-1	2.840%	04/15/2022	0.1%
American Express Credit Corp.	2.678%	05/03/2019	0.1%
Standard Chartered plc	3.452%	08/19/2019	0.1%
Enable Midstream Partners L.P.	0.000%	01/10/2019	0.1%
Drive Auto Receivables Trust	3.360%	10/17/2022	0.1%
OSCAR US Funding Trust VII LLC	3.037%	11/10/2020	0.1%
Gilead Sciences, Inc.	2.588%	09/20/2019	0.1%
American Credit Acceptance Receivables Trust 2018-	2.720%	03/10/2021	0.1%
Nissan Motor Acceptance Corp.	2.776%	09/28/2020	0.1%
Experian Finance PLC	0.000%	01/10/2019	0.1%
Capital One NA/Mclean VA	3.099%	09/13/2019	0.1%
PFS Financing Corp.	1.870%	10/15/2021	0.0%
Credit Acceptance Auto Loan Trust 2016-3	2.150%	04/15/2024	0.0%
World Financial Network Credit Card Master Trust	3.340%	04/17/2023	0.0%
Discover Card Execution Note Trust	1.640%	07/15/2021	0.0%
OneMain Financial Issuance Trust 2016-1A	3.660%	02/20/2029	0.0%
Kraft Heinz Foods Co.	2.761%	08/09/2019	0.0%
Metropolitan Life Global Funding I	2.559%	09/19/2019	0.0%
Commonwealth Bank of Australia	2.737%	09/18/2020	0.0%
JPMorgan Chase & Co.	4.218%	03/01/2021	0.0%
Engs Commercial Finance Trust 2018-1	2.970%	02/22/2021	0.0%
Chesapeake Funding II LLC	2.795%	11/15/2029	0.0%
Barclays Dryrock Issuance Trust	2.410%	07/15/2022	0.0%
Nordea Bank Abp	3.006%	09/30/2019	0.0%
Credit Suisse Group AG	5.400%	01/14/2020	0.0%
Capital Auto Receivables Asset Trust 2017-1	2.020%	08/20/2021	0.0%
AmeriCredit Automobile Receivables 2015-1	2.510%	01/08/2021	0.0%
Chesapeake Funding II LLC	2.110%	03/15/2028	0.0%
Wheels SPV 2 LLC	3.060%	04/20/2027	0.0%
Mercedes-Benz Master Owner Trust 2018-BA	2.795%	05/15/2023	0.0%
AmeriCredit Automobile Receivables Trust 2015-3	2.730%	03/08/2021	0.0%
Harris Corp.	2.819%	04/30/2020	0.0%
AmeriCredit Automobile Receivables Trust 2016-3	2.710%	09/08/2022	0.0%
Nissan Motor Acceptance Corp.	2.917%	01/13/2020	0.0%
Chrysler Capital Auto Receivables Trust	3.150%	01/18/2022	0.0%
CarMax Auto Owner Trust	3.110%	08/15/2022	0.0%
Drive Auto Receivables Trust	2.980%	01/18/2022	0.0%
PFS Financing Corp.	3.055%	02/15/2022	0.0%
Pentair Finance SA	0.000%	01/02/2019	0.0%
Campbell Soup Co.	0.000%	01/04/2019	0.0%
SOFI PROFESSIONAL LOAN PROGRAM 2017-F LLC	2.050%	01/25/2041	0.0%
International Lease Finance Corp.	6.250%	05/15/2019	0.0%
WGL Holdings, Inc.	0.000%	01/08/2019	0.0%
Capital Auto Receivables Asset Trust 2018-2	3.480%	10/20/2023	0.0%
Harris Corp.	2.786%	02/27/2019	0.0%
Flagship Credit Auto Trust	3.050%	08/16/2021	0.0%
CPS Auto Receivables Trust 2016-C	5.920%	06/15/2022	0.0%
Foursight Capital Automobile Receivables Trust 201	3.240%	09/15/2022	0.0%
Lloyds Bank plc	5.800%	01/13/2020	0.0%
Westlake Automobile Receivables Trust 2018-2	3.500%	01/16/2024	0.0%
Exeter Automobile Receivables Trust 2015-1	5.830%	12/15/2021	0.0%
Ford Motor Credit Co. LLC	2.989%	11/02/2020	0.0%
Shire Acquisitions Investments Ireland Designated	1.900%	09/23/2019	0.0%
OneMain Financial Issuance Trust 2015	3.190%	03/18/2026	0.0%
Drive Auto Receivables Trust	3.910%	05/17/2021	0.0%
Verizon Owner Trust 2017-1	2.450%	09/20/2021	0.0%
Credit Acceptance Auto Loan Trust 2016-2	2.420%	11/15/2023	0.0%
General Motors Financial Co., Inc.	4.399%	01/15/2019	0.0%
BAT Capital Corp	3.204%	08/14/2020	0.0%
Drive Auto Receivables Trust	3.340%	09/15/2022	0.0%
Constellation Brands, Inc.	0.000%	01/08/2019	0.0%
General Motors Co.	3.143%	08/07/2020	0.0%
Santander Drive Auto Receivables Trust 2016-3	2.460%	03/15/2022	0.0%
Macquarie Group Ltd.	6.000%	01/14/2020	0.0%
Santander Drive Auto Receivables Trust 2017-3	1.870%	06/15/2021	0.0%
Drive Auto Receivables Trust	2.610%	08/16/2021	0.0%
Ascentium Equipment Receivables 2017-2 Trust	2.000%	05/11/2020	0.0%
Rock-Tenn Co.	4.450%	03/01/2019	0.0%
SCF Equipment Leasing 2018-1 LLC	2.810%	04/20/2021	0.0%
Drive Auto Receivables Trust	3.660%	11/15/2024	0.0%
Barclays Dryrock Issuance Trust 2016-1	1.520%	05/16/2022	0.0%
Wells Fargo & Co.	4.076%	03/04/2021	0.0%
World Financial Network Credit Card Master Trust	3.090%	04/17/2023	0.0%
Americredit Automobile Receivables Trust	2.470%	11/09/2020	0.0%
Sofi Consumer Loan Program 2017-5 LLC	2.140%	09/25/2026	0.0%
American Credit Acceptance Receivables Trust 2016-	4.260%	08/12/2022	0.0%
Canadian Imperial Bank of Commerce	2.843%	09/06/2019	0.0%
Flagship Credit Auto Trust 2016-1	3.910%	06/15/2022	0.0%
WGL Holdings, Inc.	0.000%	01/10/2019	0.0%
Morgan Stanley	3.747%	04/21/2021	0.0%
CIGNA Corp.	0.000%	02/27/2019	0.0%
Chesapeake Funding II LLC	1.880%	06/15/2028	0.0%
Mercedes-Benz Auto Lease Trust 2018-A	2.200%	04/15/2020	0.0%
California Republic Auto Receivables Trust 2015-4	2.580%	06/15/2021	0.0%
CarFinance Capital Auto Trust	3.580%	06/15/2021	0.0%
Exeter Automobile Receivables Trust 2016-3	4.220%	06/15/2022	0.0%
American Credit Acceptance Receivables Trust 2018-	3.550%	04/10/2024	0.0%
CPS Auto Trust	3.430%	07/15/2022	0.0%
Chase Issuance Trust	2.825%	04/15/2021	0.0%
International Lease Finance Corp.	5.875%	04/01/2019	0.0%
Chesapeake Funding II LLC	1.990%	05/15/2029	0.0%
National Australia Bank Ltd.	2.921%	01/10/2020	0.0%
Westlake Automobile Receivables Trust 2016-2	4.100%	06/15/2021	0.0%
CarMax Auto Owner Trust	1.400%	08/15/2021	0.0%
TCF Auto Receivables Owner Trust	1.960%	11/16/2020	0.0%
First National Master Note Trust 2017-2	2.895%	10/16/2023	0.0%
Boston Scientific Corp.	0.000%	01/22/2019	0.0%
Wells Fargo Bank, N.A.	2.912%	05/24/2019	0.0%
Bank of Montreal	2.774%	06/15/2020	0.0%
Westgate Resorts 2018-1 LLC	3.380%	12/20/2031	0.0%
Nissan Motor Acceptance Corp.	3.337%	03/08/2019	0.0%
Australia & New Zealand Banking Group Ltd.	3.026%	09/23/2019	0.0%
Santander Drive Auto Receivables Trust 2017-2	2.210%	10/15/2021	0.0%
HSBC USA, Inc.	2.948%	11/13/2019	0.0%
Navient Student Loan Trust 2018-1	2.696%	03/25/2067	0.0%
Westpac Banking Corp.	2.946%	01/17/2019	0.0%
Danske Bank A/S	2.831%	03/02/2020	0.0%
Ford Credit Auto Owner Trust/Ford Credit 2014-REV1	2.260%	11/15/2025	0.0%
CPS Auto Receivables Trust 2017-D	2.430%	01/18/2022	0.0%
Sofi Professional Loan Program 2017-C LLC	1.750%	07/25/2040	0.0%
Royal Bank of Canada	2.748%	10/26/2020	0.0%
Access Point Funding I 2017-1 LLC	3.060%	04/15/2029	0.0%
DLL Securitization Trust 2017-A	1.890%	07/15/2020	0.0%
Westlake Automobile Receivables Trust 2018-1	2.920%	05/15/2023	0.0%
Synchrony Credit Card Master Note Trust	2.040%	03/15/2022	0.0%
Flagship Credit Auto Trust 2017-3	1.880%	10/15/2021	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%
JPMorgan Chase & Co.	2.877%	03/09/2021	0.0%
QUALCOMM, Inc.	2.872%	05/20/2020	0.0%
ACC Trust 2018-1	3.700%	12/21/2020	0.0%
AmeriCredit Automobile Receivables Trust 2016-3	2.240%	04/08/2022	0.0%
OneMain Financial Issuance Trust 2016-2	4.100%	03/20/2028	0.0%
Santander Drive Auto Receivables Trust 2016-2	4.380%	09/15/2023	0.0%
CCG Receivables Trust 2018-1	2.500%	06/16/2025	0.0%
Wells Fargo Bank, N.A.	2.746%	01/15/2021	0.0%
Harley-Davidson Financial Services Inc	2.677%	03/08/2019	0.0%
Fifth Third Bank, OH	2.971%	09/27/2019	0.0%
General Electric Co.	3.236%	04/15/2020	0.0%
NextGear Floorplan Master Owner Trust	2.740%	04/15/2021	0.0%
Capital Auto Receivables Asset Trust	2.290%	05/20/2020	0.0%
World Financial Network Credit Card Master Trust	2.550%	06/17/2024	0.0%
Chesapeake Funding II LLC	2.905%	05/15/2029	0.0%
JPMorgan Chase Bank NA	2.956%	09/23/2019	0.0%
Citizens Bank N.A.	3.247%	05/26/2020	0.0%
ING Bank NV	3.086%	10/01/2019	0.0%
Capital Auto Receivables Asset Trust 2017-1	1.760%	06/22/2020	0.0%
Drive Auto Receivables Trust 2017-3	2.800%	07/15/2022	0.0%
KeyBank NA	2.350%	03/08/2019	0.0%
Royal Bank of Canada	3.049%	04/15/2019	0.0%
Holmes Master Issuer plc	2.825%	01/15/2019	0.0%
Drive Auto Receivables Trust	3.020%	11/15/2021	0.0%
SoFi Professional Loan Program 2017-E LLC	1.860%	11/26/2040	0.0%
GreatAmerica Leasing Receivables Funding LLC Serie	2.350%	05/15/2020	0.0%
Svenska Handelsbanken AB	2.813%	09/06/2019	0.0%
Americredit Automobile Receivables Trust 2016-4	1.830%	12/08/2021	0.0%
SoFi Consumer Loan Program 2016-2 LLC	3.090%	10/27/2025	0.0%
Foursight Capital Automobile Receivables Trust 201	4.120%	09/15/2022	0.0%
Branch Banking & Trust Co.	2.904%	06/15/2020	0.0%
ING Bank NV	3.282%	08/17/2020	0.0%
Avid Automobile Receivables Trust 2018-1	2.840%	08/15/2023	0.0%
Santander Drive Auto Receivables Trust 2015-4	2.970%	03/15/2021	0.0%
ING Bank NV	2.924%	08/15/2019	0.0%
CPS Auto Receivables Trust 2018-A	2.770%	04/18/2022	0.0%
Flagship Credit Auto Trust 2017-4	2.070%	04/15/2022	0.0%
Santander Drive Auto Receivables Trust	3.240%	04/15/2021	0.0%
Flagship Credit Auto Trust 2017-1	1.930%	12/15/2021	0.0%
Chrysler Capital Auto Receivables Trust 2016-B	1.640%	07/15/2021	0.0%
Royal Bank of Canada	2.701%	03/02/2020	0.0%
Enterprise Fleet Financing LLC	1.970%	01/20/2023	0.0%
Exeter Automobile Receivables Trust 2017-1	1.960%	03/15/2021	0.0%
World Financial Network Credit Card Master Trust	3.140%	01/17/2023	0.0%
CPS Auto Trust	2.680%	05/17/2021	0.0%
Chesapeake Funding II LLC	1.910%	08/15/2029	0.0%
Volvo Financial Equipment LLC	1.910%	01/15/2020	0.0%
AmeriCredit Automobile Receivables Trust 2016-3	1.800%	10/08/2021	0.0%
Capital Auto Receivables Asset Trust 2015-4	3.620%	05/20/2021	0.0%
Hyundai Floorplan Master Owner Trust Series 2016-1	1.810%	03/15/2021	0.0%
CPS Auto Receivables Trust 2018-B	3.230%	07/15/2022	0.0%
Canadian Imperial Bank of Commerce	2.874%	02/02/2021	0.0%
JPMorgan Chase & Co.	3.206%	03/22/2019	0.0%
CPS Auto Receivables Trust 2017-D	1.870%	03/15/2021	0.0%
Drive Auto Receivables Trust	3.380%	11/15/2021	0.0%
CPS Auto Receivables Trust 2017-C	2.300%	07/15/2021	0.0%
Morgan Stanley	3.087%	07/23/2019	0.0%
Capital Auto Receivables Asset Trust 2016-2	2.110%	03/22/2021	0.0%
Morgan Stanley	3.192%	01/24/2019	0.0%
Mississippi Power Co.	3.031%	03/27/2020	0.0%
Chesapeake Funding II LLC	3.455%	06/15/2028	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 2016-3	1.460%	05/10/2021	0.0%
Enterprise Fleet Financing LLC	2.130%	07/20/2022	0.0%
First Investors Auto Owner Trust 2017-2	1.860%	10/15/2021	0.0%
CarMax Auto Owner Trust 2017-3	1.640%	09/15/2020	0.0%
Santander Drive Auto Receivables Trust 2016-3	1.890%	06/15/2021	0.0%
First Investors Auto Owner Trust	2.000%	03/15/2022	0.0%
WGL Holdings, Inc.	0.000%	01/03/2019	0.0%
Westlake Automobile Receivables Trust 2016-2	2.830%	05/17/2021	0.0%
Flagship Credit Auto Trust	2.380%	10/15/2020	0.0%
AmeriCredit Automobile Receivables Trust 2015-2	2.400%	01/08/2021	0.0%
Barclays Dryrock Issuance Trust 2017-1	2.785%	03/15/2023	0.0%
TCF Auto Receivables Owner Trust 2016-PT1	1.930%	06/15/2022	0.0%
Ally Auto Receivables Trust	1.530%	03/16/2020	0.0%
California Republic Auto Receivables Trust 2016-2	1.830%	12/15/2021	0.0%
CarMax Auto Owner Trust	1.560%	11/16/2020	0.0%
SoFi Professional Loan Program 2017-D LLC	1.720%	09/25/2040	0.0%
Commonwealth Bank of Australia	3.394%	03/15/2019	0.0%
Texas-New Mexico Power Co.	9.500%	04/01/2019	0.0%
Ford Motor Credit Co. LLC	3.271%	11/04/2019	0.0%
Santander Drive Auto Receivables Trust 2015-5	2.740%	12/15/2021	0.0%
Flagship Credit Auto Trust 2017-2	1.850%	07/15/2021	0.0%
Westlake Automobile Receivables Trust 2017-2	1.800%	07/15/2020	0.0%
American Credit Acceptance Receivables Trust 2015-	4.840%	10/12/2021	0.0%
Ford Credit Floorplan Master Owner Trust A	1.760%	02/15/2021	0.0%
SunTrust Auto Receivables Trust	1.780%	01/15/2021	0.0%
CPS Auto Receivables Trust	3.180%	09/15/2020	0.0%
SoFi Professional Loan Program 2017-A LLC	1.550%	03/26/2040	0.0%
Ascentium Equipment Receivables 2016-1 Trust	2.850%	07/10/2020	0.0%
AmeriCredit Automobile Receivables Trust 2017-3	1.690%	12/18/2020	0.0%
Glencore Funding LLC	3.699%	01/15/2019	0.0%
First Investors Auto Owner Trust 2016-2	1.870%	11/15/2021	0.0%
AmeriCredit Automobile Receivables Trust 2017-2	1.650%	09/18/2020	0.0%
California Republic Auto Receivables Trust	1.820%	09/15/2020	0.0%
Carmax Auto Owner Trust	1.390%	05/17/2021	0.0%
CNH Equipment Trust	1.850%	04/15/2021	0.0%
Ally Master Owner Trust	2.855%	02/15/2021	0.0%
AmeriCredit Automobile Receivables Trust 2015-3	2.080%	09/08/2020	0.0%
Drive Auto Receivables Trust 2017-1	2.360%	03/15/2021	0.0%
Mercedes-Benz Master Owner Trust 2016-B	3.155%	05/17/2021	0.0%
Engs Commercial Finance Trust	2.630%	02/22/2022	0.0%
Kansas Gas & Electric Co.	6.700%	06/15/2019	0.0%
Exeter Automobile Receivables Trust 2014-3	5.690%	04/15/2021	0.0%
CPS Auto Receivables Trust 2017-C	1.780%	09/15/2020	0.0%
Nissan Auto Receivables 2016-B Owner Trust	1.320%	01/15/2021	0.0%
DRB Prime Student Loan Trust	1.750%	05/27/2042	0.0%
Drive Auto Receivables Trust 2017-2	2.250%	06/15/2021	0.0%
CarMax Auto Owner Trust 2017-2	1.630%	06/15/2020	0.0%
California Republic Auto Receivables Trust	1.750%	01/15/2021	0.0%
Capital Auto Receivables Asset Trust 2016-2	1.460%	06/22/2020	0.0%
Wheels SPV 2 LLC	1.590%	05/20/2025	0.0%
Hewlett-Packard Co.	3.279%	01/14/2019	0.0%
Dell Equipment Finance Trust	2.140%	04/22/2022	0.0%
Flagship Credit Auto Trust 2016-4	1.960%	02/16/2021	0.0%
Westlake Automobile Receivables Trust 2017-1	2.300%	10/17/2022	0.0%
Diamond Resorts Owner Trust	2.990%	05/22/2028	0.0%
Amgen, Inc.	2.910%	05/22/2019	0.0%
U.S. Bancorp	2.735%	04/25/2019	0.0%
DLL 2018-1 LLC	2.450%	05/17/2019	0.0%
Flagship Credit Auto Trust 2016-1	2.770%	12/15/2020	0.0%
First Investors Auto Owner Trust	2.750%	09/15/2021	0.0%
Springleaf Funding Trust	3.160%	11/15/2024	0.0%
Bank of Montreal	2.983%	07/18/2019	0.0%
Toyota Motor Credit Corp.	2.726%	01/17/2019	0.0%
Ascentium Equipment Receivables 2017-1 Trust	1.870%	07/10/2019	0.0%
First Investors Auto Owner Trust 2017-1	1.690%	04/15/2021	0.0%
Chrysler Capital Auto Receivables Trust 2016-A	1.770%	10/15/2020	0.0%
Santander Drive Auto Receivables Trust	2.570%	04/15/2021	0.0%
Westlake Automobile Receivables Trust 2016-3	2.070%	12/15/2021	0.0%

Dividends & Cap Gains

DIVIDEND PAYMENTS

For

YTD Dividends Paidas of 02/15/2019: $0.023
Dividend Frequency: Monthly (Daily Accrual)

Record Date	Ex-Dividend Date	Reinvest & Payable Date	Dividend	Reinvest Price
Daily	Daily	01/31/2019	$0.02337	$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	02/28/2019
Daily	Daily	03/31/2019
Daily	Daily	04/30/2019
Daily	Daily	05/31/2019
Daily	Daily	06/30/2019
Daily	Daily	07/31/2019
Daily	Daily	08/31/2019
Daily	Daily	09/30/2019
Daily	Daily	10/31/2019
Daily	Daily	11/30/2019
Daily	Daily	12/31/2019

CAPITAL GAINS DISTRIBUTIONS

For

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

Upcoming Capital Gain Distribution

Record Date	Ex-Dividend Date
12/17/2019	12/18/2019

Fees & Expenses

EXPENSE RATIOas of 01/31/2019

Fund Gross Expense Ratio	Fund Net Expense Ratio
0.32%	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

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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 02/15/2019

30-Day Standardized Yield 2 as of 01/31/2019

Fund Basicsas of 12/31/2018

Fund Expense Ratio :

Gross 0.32%

Net 0.23%

Fund Expense Ratio :

Gross 0.32%

Net 0.23%

Fund Expense Ratio :

Gross 0.32%

Net 0.23%

Fund Expense Ratio :

Gross 0.32%

Net 0.23%

RELATED CONTENT

Credit Quality Distribution as of 12/31/2018 View Portfolio

INVESTMENT TEAM

Your Representative

Performance

Performance

NAV HISTORICAL PRICES

Fund Expense Ratio :

Gross 0.32%

Net 0.23%

Fund Expense Ratio :

Gross 0.32%

Net 0.23%

Fund Expense Ratio :

Gross 0.32%

Net 0.23%

Fund Expense Ratio :

Gross 0.32%

Net 0.23%

Portfolio

Portfolio

CREDIT QUALITY DISTRIBUTION as of 12/31/2018

Portfolio Positioning as of 12/31/2018

Portfolio Details as of 12/31/2018

Dividends & Cap Gains

Dividends & Cap Gains

DIVIDEND PAYMENTS

DIVIDEND PAYMENTS

Upcoming Dividend Payment Dates

CAPITAL GAINS DISTRIBUTIONS

7 Day Yield ^1,4 as of 02/15/2019

30-Day Standardized Yield ² as of 01/31/2019