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Ultra Short Bond Fund

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

$10.02

$0.00

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

1.13%

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 04/18/2019  

  Subsidized3 Un-Subsidized3
w/o sales charge 2.80% 2.73%

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

  Subsidized5 Un-Subsidized6
w/o sales charge 2.74% 2.70%

Fund Basicsas of 03/29/2019

Total Net Assets
$16.45 B
Inception Date
10/17/2016
Dividend Frequency
Monthly
Fund Gross Expense Ratio
0.29%
Fund Net Expense Ratio
0.22%
Number of Holdings
683

Fund Expense Ratio :

Gross 0.29%

Net 0.22%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 10/17/2016
w/o sales charge 0.89% 2.65% - - - 1.98%
Lipper Category Avg. Ultra-Short Obligations Funds 0.96% 2.36% - - - -
ICE BofAML U.S. Treasury Bill Index 0.62% 2.17% - - - 1.38%

Fund Expense Ratio :

Gross 0.29%

Net 0.22%

Fund Expense Ratio :

Gross 0.29%

Net 0.22%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 10/17/2016
w/o sales charge 0.89% 2.65% - - - 1.98%
Lipper Category Avg. Ultra-Short Obligations Funds 0.96% 2.36% - - - -
ICE BofAML U.S. Treasury Bill Index 0.62% 2.17% - - - 1.38%

Fund Expense Ratio :

Gross 0.29%

Net 0.22%

RELATED CONTENT

Volatility Worries? Consider This Diversified Approach to Income
November 26, 2018

A strategic combination of ultra-short and short-term fixed-income securities, along with bank loans, may be an attractive option for income and total return amid market turmoil.

Bond Strategies for a Period of Rising Rates
May 7, 2018

Not all bonds have reacted the same during previous periods of rising rates.

Ultra-Short Bonds: A Source of Potential Income and Stability
April 16, 2018

Historically, floating-rate notes have generated positive returns despite rising rates, and they offer the potential for higher income going forward.

Type Assets
Corp Floating
Commercial Paper
ABS
Corp Fixed Rate
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

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

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

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

INVESTMENT TEAM

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

Partner & Portfolio Manager

21 Years of Industry Experience

Kewjin Yuoh
Kewjin Yuoh

Partner & Portfolio Manager

25 Years of Industry Experience

Adam Castle
Adam C. Castle, CFA

Portfolio Manager

11 Years of Industry Experience

Yoana Koleva
Yoana Koleva, CFA

Managing Director & Portfolio Manager

16 Years of Industry Experience

Supported By 67 Investment Professionals with 15 Years Avg. Industry Experience

Your Representative

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

Performance

Performance

NAV HISTORICAL PRICES

Date Net Asset Value

Fund Expense Ratio :

Gross 0.29%

Net 0.22%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 10/17/2016
w/o sales charge 0.89% 2.65% - - - 1.98%
Lipper Category Avg. Ultra-Short Obligations Funds 0.96% 2.36% - - - -
ICE BofAML U.S. Treasury Bill Index 0.62% 2.17% - - - 1.38%

Fund Expense Ratio :

Gross 0.29%

Net 0.22%

Fund Expense Ratio :

Gross 0.29%

Net 0.22%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 10/17/2016
w/o sales charge 0.89% 2.65% - - - 1.98%
Lipper Category Avg. Ultra-Short Obligations Funds 0.96% 2.36% - - - -
ICE BofAML U.S. Treasury Bill Index 0.62% 2.17% - - - 1.38%

Fund Expense Ratio :

Gross 0.29%

Net 0.22%

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 0.89% - - - 1.16%
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 Floating
Commercial Paper
ABS
Corp Fixed Rate
Cash
Maturity Assets
Less than 1 year
1-2.99 years

CREDIT QUALITY DISTRIBUTION as of 03/29/2019

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

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 03/31/2019

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

Portfolio Details as of 03/29/2019

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

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

Holding Coupon Maturity Assets
United States Treasury Bill 0.000% 04/02/2019 2.0%
Morgan Stanley 3.168% 02/10/2021 1.3%
Citigroup, Inc. 3.573% 01/10/2020 1.2%
Northrop Grumman Corp. 0.000% 05/22/2019 1.0%
Macquarie Bank Ltd. 2.758% 04/04/2019 0.9%
Wells Fargo & Co. 3.349% 07/22/2020 0.9%
AutoNation, Inc. 0.000% 04/01/2019 0.8%
Boston Scientific Corp. 0.000% 04/23/2019 0.8%
Glencore Funding LLC 0.000% 05/01/2019 0.8%
Enbridge US Inc 0.000% 04/02/2019 0.8%
% of Total Assets 10.5%
Holding Coupon Maturity Assets
United States Treasury Bill0.000% 04/02/20192.1%
Morgan Stanley3.168% 02/10/20211.3%
Citigroup, Inc.3.573% 01/10/20201.2%
Northrop Grumman Corp.0.000% 05/22/20191.0%
Macquarie Bank Ltd.2.758% 04/04/20190.9%
Ford Credit Auto Owner Trust 2014-REV22.310% 04/15/20260.7%
Bank of America NA2.957% 08/28/20200.7%
UBS AG London3.027% 05/28/20190.7%
Sumitomo Mitsui Banking Corp2.799% 01/17/20200.6%
Wells Fargo & Co.3.349% 07/22/20200.6%
Glencore Funding LLC0.000% 03/06/20190.6%
Bell Canada, Inc.0.000% 03/18/20190.6%
JPMorgan Chase Bank NA3.053% 02/19/20210.6%
World Financial Network Credit Card Master Trust2.310% 08/15/20240.6%
Wells Fargo Bank, N.A.2.666% 01/15/20200.6%
Comcast Corp.3.127% 10/01/20200.5%
NBCUniversal Enterprise, Inc.3.197% 04/01/20210.5%
Dollar Tree, Inc.3.149% 04/17/20200.5%
Trillium Credit Card Trust II3.038% 01/26/20240.5%
Chesapeake Funding II LLC2.969% 01/15/20310.5%
Cigna Corp0.000% 03/26/20190.5%
Jackson National Life Global Funding2.736% 10/15/20200.5%
Metropolitan Life Global Funding I3.034% 01/08/20210.5%
ONEOK, Inc.0.000% 03/05/20190.5%
Cigna Corp3.138% 03/17/20200.5%
Toronto-Dominion Bank2.594% 09/17/20200.5%
Marriott International, Inc.0.000% 03/20/20190.5%
Royal Caribbean Cruises Ltd.0.000% 04/04/20190.5%
Wells Fargo & Co.3.200% 01/30/20200.5%
ONEOK, Inc.0.000% 03/07/20190.5%
Goldman Sachs Group, Inc.3.932% 04/23/20200.5%
Verizon Communications, Inc.3.203% 05/22/20200.4%
JPMorgan Chase Bank NA2.968% 09/01/20200.4%
HSBC Holdings plc2.984% 09/11/20210.4%
Royal Bank of Canada3.171% 01/25/20210.4%
Citibank, Inc.3.213% 02/19/20220.4%
General Motors Financial Co., Inc.0.000% 03/14/20190.4%
Wells Fargo Bank, N.A.3.272% 07/23/20210.4%
Dr. Pepper Snapple Group, Inc.0.000% 03/25/20190.4%
BA Credit Card Trust1.840% 01/17/20230.4%
Entergy Corp.0.000% 05/21/20190.4%
Mondelez International, Inc.0.000% 03/05/20190.4%
E.I. du Pont de Nemours & Co.0.000% 03/18/20190.4%
NASDAQ OMX Group, Inc.3.214% 03/22/20190.4%
Capital One Multi-Asset Execution Trust1.990% 07/17/20230.4%
GM Financial Consumer Automobile Receivables Trust2.990% 03/16/20220.4%
Bank of America Corp.3.421% 07/21/20210.4%
Citibank Credit Card Issuance Trust1.920% 04/07/20220.4%
Boston Scientific Corp.0.000% 03/04/20190.4%
Royal Caribbean Cruises Ltd.0.000% 03/05/20190.4%
Entergy Corp.0.000% 03/06/20190.4%
Honda Auto Receivables 2019-1 Owner Trust2.750% 09/20/20210.4%
Caterpillar Financial Services Corp.2.896% 08/26/20200.4%
JPMorgan Chase & Co.3.418% 06/01/20210.4%
Cabela's Credit Card Master Note Trust3.339% 06/15/20220.4%
Pentair Finance SA0.000% 03/05/20190.4%
Goldman Sachs Group, Inc.3.134% 12/13/20190.4%
Campbell Soup Co.0.000% 03/01/20190.4%
Westlake Automobile Receivables Trust 2019-13.510% 05/16/20220.4%
Magna International, Inc.0.000% 03/19/20190.4%
JPMorgan Chase & Co.4.218% 03/01/20210.4%
IBM Credit LLC3.177% 11/30/20200.4%
Sempra Energy2.686% 07/15/20190.4%
Humana, Inc.0.000% 04/01/20190.3%
General Electric Co.3.028% 01/09/20200.3%
ONEOK, Inc.0.000% 03/04/20190.3%
Master Credit Card Trust II2.260% 07/21/20210.3%
National Australia Bank Ltd.2.775% 01/12/20210.3%
Bank of Montreal2.776% 07/13/20200.3%
Boston Scientific Corp.0.000% 03/25/20190.3%
Golden Credit Card Trust2.939% 12/15/20220.3%
World Financial Network Credit Card Master Trust1.980% 06/15/20230.3%
Arrow Electronics, Inc.0.000% 03/22/20190.3%
Johnson Controls International plc0.000% 03/22/20190.3%
Goldman Sachs Group, Inc.3.530% 04/25/20190.3%
HSBC Holdings plc3.240% 05/18/20210.3%
Arrow Electronics, Inc.0.000% 03/06/20190.3%
Toyota Motor Credit Corp.2.676% 07/15/20200.3%
US Bank NA2.737% 07/24/20200.3%
Arrow Electronics, Inc.0.000% 03/04/20190.3%
Glencore Funding LLC0.000% 03/11/20190.3%
National Bank of Canada3.336% 06/12/20200.3%
American Honda Finance Corp.2.796% 02/21/20200.3%
Marriott International, Inc.3.229% 12/01/20200.3%
Discover Card Execution Note Trust2.979% 07/15/20240.3%
Sumitomo Mitsui Banking Corp2.806% 10/16/20200.3%
NextEra Energy Capital Holdings, Inc.3.257% 08/28/20210.3%
Bank of Montreal3.152% 01/22/20210.3%
John Deere Capital Corp.3.203% 07/10/20200.3%
Jackson National Life Global Funding2.809% 04/27/20200.3%
Huntington National Bank3.283% 02/05/20210.3%
Energy Transfer Partners L.P.0.000% 03/01/20190.3%
Bell Canada, Inc.0.000% 03/29/20190.3%
Fidelity National Information Services, Inc.0.000% 03/07/20190.3%
Humana, Inc.0.000% 03/11/20190.3%
Enable Midstream Partners L.P.0.000% 05/01/20190.3%
Energy Transfer Partners L.P.0.000% 03/12/20190.3%
American Express Credit Account Master Trust1.930% 09/15/20220.3%
Nissan Master Owner Trust Receivables2.919% 04/18/20220.3%
National Australia Bank Ltd.3.187% 05/22/20200.3%
FMC Corp.0.000% 03/08/20190.3%
FMC Corp.0.000% 03/14/20190.3%
Humana, Inc.0.000% 03/18/20190.3%
Schlumberger Holdings Corp.0.000% 03/19/20190.3%
ING Bank NV3.954% 03/22/20190.3%
Royal Bank of Canada2.769% 07/22/20200.3%
DLL 2018-2 LLC3.140% 10/20/20200.3%
Dr. Pepper Snapple Group, Inc.0.000% 03/08/20190.3%
Morgan Stanley3.649% 01/20/20220.3%
Regions Bank, Birmingham, AL3.118% 08/13/20210.3%
Southern Power Co2.888% 12/20/20200.3%
General Motors Financial Co., Inc.0.000% 03/08/20190.3%
Santander Drive Auto Receivables Trust 2015-44.540% 11/15/20220.3%
Enable Midstream Partners L.P.0.000% 03/13/20190.3%
Constellation Brands, Inc.0.000% 03/22/20190.3%
Marriott International, Inc.0.000% 03/15/20190.3%
Capital One Multi-Asset Execution Trust2.000% 01/17/20230.3%
Drive Auto Receivables Trust 2018-53.680% 07/15/20230.3%
Tyco International Holding Sarl0.000% 03/25/20190.2%
World Omni Select Auto Trust 2018-13.460% 03/15/20230.2%
GE Dealer Floorplan Master Note Trust3.135% 01/20/20220.2%
FMC Corp.0.000% 03/20/20190.2%
Ford Motor Credit Co. LLC3.408% 01/09/20200.2%
Enable Midstream Partners L.P.0.000% 06/04/20190.2%
AT&T, Inc.3.316% 06/30/20200.2%
Santander Drive Auto Receivables Trust 2016-15.020% 06/15/20230.2%
Santander Drive Auto Receivables Trust 2018-43.270% 01/17/20230.2%
Canadian Imperial Bank of Commerce2.718% 10/05/20200.2%
Martin Marietta Materials, Inc.2.838% 12/20/20190.2%
Volkswagen Group of America Finance LLC3.388% 11/13/20200.2%
Santander Drive Auto Receivables Trust 2015-43.530% 08/16/20210.2%
Sherwin-Williams Co.0.000% 03/04/20190.2%
BAT International Finance plc0.000% 03/04/20190.2%
Enable Midstream Partners L.P.0.000% 03/04/20190.2%
Northrop Grumman Corp.0.000% 03/20/20190.2%
Enbridge US Inc0.000% 03/04/20190.2%
Constellation Brands, Inc.0.000% 03/25/20190.2%
Glencore Funding LLC0.000% 03/08/20190.2%
Bell Canada, Inc.0.000% 03/08/20190.2%
CRH America Finance, Inc.0.000% 03/20/20190.2%
Citigroup, Inc.3.696% 06/07/20190.2%
Discover Card Execution Note Trust1.390% 03/15/20220.2%
Goldman Sachs Group, Inc.3.792% 10/23/20190.2%
FMC Corp.0.000% 03/04/20190.2%
Boston Scientific Corp.0.000% 03/08/20190.2%
Glencore Funding LLC0.000% 03/18/20190.2%
Master Credit Card Trust3.104% 07/21/20220.2%
TransCanada Pipelines Ltd.0.000% 04/01/20190.2%
UBS AG London3.218% 12/01/20200.2%
Citibank, Inc.3.056% 05/01/20200.2%
Chesapeake Funding II LLC2.120% 11/15/20290.2%
Daimler Finance North America LLC3.038% 01/06/20200.2%
Toronto-Dominion Bank2.611% 06/11/20200.2%
Zimmer Biomet Holdings, Inc.3.089% 03/19/20210.2%
American Honda Finance Corp.3.048% 06/16/20200.2%
CPS Auto Receivables Trust 2019-A3.180% 06/15/20220.2%
Bell Canada, Inc.0.000% 04/01/20190.2%
Northrop Grumman Corp.0.000% 04/17/20190.2%
Toronto-Dominion Bank3.708% 12/14/20200.2%
Daimler Finance North America LLC2.972% 05/04/20200.2%
Credit Agricole Corporate & Investment Bank SA3.433% 10/03/20210.2%
Wells Fargo Bank, N.A.2.987% 10/22/20210.2%
AIG Global Funding3.381% 01/22/20210.2%
Wells Fargo & Co.3.627% 02/11/20220.2%
Navistar Financial Dealer Note Master Owner Trust3.120% 09/25/20230.2%
Intesa Sanpaolo SpA3.079% 07/17/20190.2%
ConAgra Brands, Inc.3.219% 10/22/20200.2%
First National Master Note Trust 2018-12.949% 10/15/20240.2%
Pentair Finance SA0.000% 03/04/20190.2%
Humana, Inc.0.000% 04/02/20190.2%
KeyBank NA3.396% 02/01/20220.2%
Campbell Soup Co.0.000% 04/18/20190.2%
Constellation Brands, Inc.3.209% 11/15/20210.2%
Mondelez International, Inc.0.000% 03/04/20190.2%
Ford Motor Credit Co. LLC0.000% 04/10/20190.2%
Campbell Soup Co.0.000% 04/22/20190.2%
Campbell Soup Co.0.000% 03/21/20190.2%
Pentair Finance SA0.000% 03/08/20190.2%
Ford Motor Credit Co. LLC3.305% 10/12/20210.2%
Nissan Motor Acceptance Corp.3.308% 03/15/20210.2%
Cabela's Credit Card Master Note Trust2.939% 07/15/20220.2%
Branch Banking & Trust Co.2.904% 06/15/20200.2%
Bank of Nova Scotia2.826% 07/14/20200.2%
Ford Motor Credit Co. LLC3.164% 03/12/20190.2%
World Financial Network Credit Card Master Trust2.150% 04/17/20230.2%
CRH America Finance, Inc.0.000% 03/19/20190.2%
Synchrony Credit Card Master Note Trust2.370% 03/15/20230.2%
Dell Equipment Finance Trust 2018-12.970% 10/22/20200.2%
Huntington National Bank2.837% 03/10/20200.2%
Synchrony Credit Card Master Note Trust2.640% 03/15/20230.2%
AutoNation, Inc.0.000% 03/07/20190.2%
Vulcan Materials Co.3.388% 03/01/20210.2%
Sherwin-Williams Co.0.000% 03/21/20190.2%
BMW US Capital LLC2.984% 08/14/20200.2%
Canadian Imperial Bank of Commerce/New York NY2.748% 09/20/20190.2%
Sherwin-Williams Co.0.000% 04/09/20190.2%
Enable Midstream Partners L.P.0.000% 04/22/20190.2%
General Motors Financial Co., Inc.0.000% 03/22/20190.2%
Flagship Credit Auto Trust 2018-33.070% 02/15/20230.2%
Manufacturers & Traders Trust Co3.717% 12/28/20200.2%
Drive Auto Receivables Trust 2018-53.080% 07/15/20210.2%
John Deere Capital Corp.2.975% 01/07/20200.2%
Sherwin-Williams Co.0.000% 04/11/20190.2%
BAT International Finance plc0.000% 03/01/20190.2%
Citibank, Inc.3.342% 07/23/20210.2%
Wells Fargo & Co.4.076% 03/04/20210.2%
Navient Private Education Refi Loan Trust 2019-A3.030% 01/15/20430.2%
Mondelez International, Inc.0.000% 03/26/20190.2%
Bank of Nova Scotia2.909% 04/20/20210.2%
Capital Auto Receivables Asset Trust 2018-23.020% 02/22/20210.2%
New York Life Global Funding2.912% 08/06/20210.2%
WGL Holdings, Inc.3.326% 03/12/20200.2%
ABN Amro Bank NV3.261% 08/27/20210.2%
Tyco Electronics Group S.A.3.201% 06/05/20200.2%
Marsh & McLennan Cos., Inc.3.908% 12/29/20210.2%
Newell Rubbermaid, Inc.0.000% 03/05/20190.2%
WGL Holdings, Inc.0.000% 03/11/20190.2%
Enbridge US Inc0.000% 03/07/20190.2%
Santander UK plc4.258% 03/14/20190.2%
Citizens Bank N.A.3.413% 02/14/20220.2%
Arrow Electronics, Inc.0.000% 03/01/20190.2%
Constellation Brands, Inc.0.000% 03/18/20190.2%
WGL Holdings, Inc.3.106% 11/29/20190.2%
Humana, Inc.0.000% 04/10/20190.2%
Campbell Soup Co.0.000% 04/11/20190.2%
GMF Floorplan Owner Revolving Trust2.789% 03/15/20220.2%
Public Service Electric & Gas Co.0.000% 04/08/20190.2%
Capital Auto Receivables Asset Trust 2018-12.790% 01/20/20220.2%
Royal Caribbean Cruises Ltd.0.000% 03/08/20190.2%
PFS Financing Corp.2.889% 02/15/20220.2%
DLL 2018-1 LLC2.810% 11/17/20200.2%
Standard Chartered plc3.770% 08/19/20190.2%
Synchrony Credit Card Master Note Trust2.380% 09/15/20230.2%
Fifth Third Bank, OH2.948% 07/26/20210.2%
Marlette Funding Trust 2018-33.200% 09/15/20280.2%
Drive Auto Receivables Trust3.040% 11/15/20210.2%
Foursight Capital Automobile Receivables Trust 2013.320% 04/15/20220.2%
CVS Caremark Corp.2.957% 03/09/20200.2%
Harris Corp.0.000% 03/15/20190.2%
WGL Holdings, Inc.0.000% 03/22/20190.2%
Glencore Funding LLC0.000% 04/04/20190.2%
Commonwealth Bank of Australia2.777% 03/10/20200.2%
JPMorgan Chase Bank NA2.848% 04/26/20210.2%
Sumitomo Mitsui Banking Corp2.755% 10/18/20190.2%
Goldman Sachs Group, Inc.3.111% 12/27/20200.2%
Marriott International, Inc.0.000% 03/14/20190.2%
Macquarie Bank Ltd.2.684% 03/15/20190.2%
Protective Life Global Funding2.906% 06/28/20210.2%
Compass Bank3.061% 06/11/20210.2%
Drive Auto Receivables Trust 2018-52.809% 07/15/20210.2%
World Omni Select Auto Trust 2018-13.240% 04/15/20220.1%
US Bank NA2.936% 05/21/20210.1%
BMW US Capital LLC3.118% 08/13/20210.1%
Toyota Motor Credit Corp.3.344% 01/08/20210.1%
Westlake Automobile Receivables Trust 2018-33.320% 10/16/20230.1%
American Express Co.3.192% 11/05/20210.1%
TD Ameritrade Holding Corp.2.971% 11/01/20210.1%
Boston Scientific Corp.0.000% 03/11/20190.1%
Schlumberger Holdings Corp.0.000% 03/07/20190.1%
Humana, Inc.0.000% 03/25/20190.1%
Daimler Finance North America LLC3.252% 11/05/20210.1%
CNH Capital LLC0.000% 04/01/20190.1%
E.I. du Pont de Nemours & Co.0.000% 03/19/20190.1%
Westlake Automobile Receivables Trust 2016-33.580% 01/18/20220.1%
DLL 2018-1 LLC3.100% 04/18/20220.1%
Tyco International Holding Sarl0.000% 03/22/20190.1%
Golden Credit Card Trust1.980% 04/15/20220.1%
Enable Midstream Partners L.P.0.000% 06/05/20190.1%
NextGear Floorplan Master Owner Trust2.190% 09/15/20210.1%
DLL Securitization Trust 2017-A2.140% 12/15/20210.1%
Citigroup, Inc.3.574% 04/08/20190.1%
Schlumberger Holdings Corp.0.000% 03/15/20190.1%
Magna International, Inc.0.000% 03/15/20190.1%
UBS AG London3.347% 06/08/20200.1%
GMF Floorplan Owner Revolving Trust2.580% 01/18/20220.1%
Bank of Montreal2.581% 09/11/20190.1%
Daimler Finance North America LLC3.140% 10/30/20190.1%
GE Capital Credit Card Master Note Trust1.760% 09/15/20220.1%
AmeriCredit Automobile Receivables 2015-43.720% 12/08/20210.1%
Ford Credit Floorplan Master Owner Trust A3.109% 07/15/20210.1%
Citigroup, Inc.4.183% 03/30/20210.1%
Westpac Banking Corp.3.328% 05/13/20190.1%
JPMorgan Chase & Co.3.727% 01/23/20200.1%
Conn's Receivables Funding 2018-A LLC3.250% 01/15/20230.1%
Ally Master Owner Trust2.829% 06/15/20210.1%
Mercedes-Benz Master Owner Trust 2018-BA2.829% 05/15/20230.1%
Time Warner Cable LLC8.250% 04/01/20190.1%
Flagship Credit Auto Trust 2018-22.970% 10/17/20220.1%
Martin Marietta Materials, Inc.3.327% 05/22/20200.1%
NiSource, Inc.0.000% 03/04/20190.1%
WGL Holdings, Inc.0.000% 03/07/20190.1%
Pentair Finance SA0.000% 03/13/20190.1%
Marlette Funding Trust 2018-43.710% 12/15/20280.1%
Svenska Handelsbanken/New York NY2.739% 10/21/20190.1%
FREED ABS TRUST 2018-23.990% 10/20/20250.1%
Lloyds Bank plc3.079% 05/07/20210.1%
Cabela's Credit Card Master Note Trust1.780% 06/15/20220.1%
Harley-Davidson Financial Services Inc3.146% 05/21/20200.1%
Westlake Automobile Receivables Trust 2018-32.980% 01/18/20220.1%
Ford Credit Auto Owner Trust 2015-REV12.120% 07/15/20260.1%
Federation des Caisses Desjardins du Quebec2.850% 10/30/20200.1%
Pentair Finance SA0.000% 03/12/20190.1%
Capital One Multi-Asset Execution Trust1.330% 06/15/20220.1%
Mitsubishi UFJ Financial Grp, Inc.3.158% 07/26/20210.1%
Ford Credit Floorplan Master Owner Trust A2.390% 08/15/20220.1%
Dr. Pepper Snapple Group, Inc.0.000% 03/22/20190.1%
Gracechurch Card Funding PLC2.889% 07/15/20220.1%
DowDuPont Inc3.394% 11/15/20200.1%
New York Life Global Funding3.016% 01/28/20210.1%
Energy Transfer Partners L.P.0.000% 03/18/20190.1%
WGL Holdings, Inc.0.000% 03/06/20190.1%
FMC Corp.0.000% 03/25/20190.1%
Enable Midstream Partners L.P.0.000% 03/26/20190.1%
WGL Holdings, Inc.0.000% 03/13/20190.1%
General Motors Financial Co., Inc.4.051% 05/09/20190.1%
BAT International Finance plc0.000% 03/06/20190.1%
FMC Corp.0.000% 03/01/20190.1%
WGL Holdings, Inc.0.000% 03/14/20190.1%
General Motors Financial Co., Inc.0.000% 04/12/20190.1%
Springleaf Funding Trust 2016-A2.900% 11/15/20290.1%
United Technologies Corp.0.000% 03/08/20190.1%
General Motors Financial Co., Inc.3.678% 10/04/20190.1%
WGL Holdings, Inc.0.000% 03/21/20190.1%
World Financial Network Credit Card Master Trust3.070% 12/16/20240.1%
Chesapeake Funding II LLC2.829% 08/15/20290.1%
Royal Caribbean Cruises Ltd.0.000% 03/21/20190.1%
Drive Auto Receivables Trust4.180% 03/15/20240.1%
Americredit Automobile Receivables Trust 2018-33.110% 01/18/20220.1%
Americredit Automobile Receivables Trust 2018-32.730% 01/18/20220.1%
American Express Credit Account Master Trust2.939% 09/16/20240.1%
Santander Drive Auto Receivables Trust 2015-53.650% 12/15/20210.1%
First Investors Auto Owner Trust 2018-23.230% 12/15/20220.1%
Westlake Automobile Receivables Trust 2016-32.460% 01/18/20220.1%
Campbell Soup Co.0.000% 03/04/20190.1%
Pentair Finance SA0.000% 03/11/20190.1%
Manufacturers & Traders Trust Co2.760% 01/25/20210.1%
Constellation Brands, Inc.0.000% 03/27/20190.1%
Branch Banking & Trust Co.2.886% 01/15/20200.1%
Barclays Dryrock Issuance Trust2.789% 05/15/20230.1%
Alimentation Couche-Tard, Inc.2.834% 12/13/20190.1%
Sherwin-Williams Co.0.000% 03/25/20190.1%
Constellation Brands, Inc.0.000% 03/20/20190.1%
WGL Holdings, Inc.0.000% 03/05/20190.1%
Ford Motor Credit Co. LLC3.448% 08/12/20190.1%
Toronto-Dominion Bank2.730% 01/25/20210.1%
SMB Private Education Loan Trust 2018-B2.809% 12/16/20240.1%
Eni Finance USA, Inc.0.000% 04/08/20190.1%
Chase Issuance Trust1.270% 07/15/20210.1%
Synchrony Credit Card Master Note Trust3.360% 03/15/20240.1%
Morgan Stanley3.649% 01/27/20200.1%
UBS AG3.254% 08/14/20190.1%
Exeter Automobile Receivables Trust 2017-32.050% 12/15/20210.1%
Citibank, Inc.3.061% 09/18/20190.1%
Harris Corp.0.000% 03/08/20190.1%
Skandinaviska Enskilda Banken AB2.904% 09/13/20190.1%
Campbell Soup Co.2.834% 03/16/20200.1%
Westpac Banking Corp.2.896% 05/15/20200.1%
Discover Card Execution Note Trust1.900% 10/17/20220.1%
Gilead Sciences, Inc.2.558% 03/20/20190.1%
Citigroup, Inc.4.075% 10/26/20200.1%
American Credit Acceptance Receivables Trust 2018-2.940% 01/10/20220.1%
Ford Motor Credit Co. LLC3.218% 04/05/20210.1%
Siemens Financial Services, Inc.2.674% 03/16/20200.1%
Daimler Finance North America LLC3.112% 05/05/20200.1%
Danske Bank A/S2.831% 03/02/20200.1%
Santander UK plc3.358% 06/01/20210.1%
GMF Floorplan Owner Revolving Trust1.960% 05/17/20210.1%
SL Green Operating Partnership L.P.3.609% 08/16/20210.1%
NextGear Floorplan Master Owner Trust3.089% 10/16/20230.1%
Mondelez International, Inc.0.000% 03/06/20190.1%
Dr. Pepper Snapple Group, Inc.0.000% 03/07/20190.1%
Humana, Inc.0.000% 03/14/20190.1%
WGL Holdings, Inc.0.000% 03/18/20190.1%
Arrow Electronics, Inc.0.000% 03/26/20190.1%
Capital Auto Receivables Asset Trust 2018-12.930% 06/20/20220.1%
AutoNation, Inc.0.000% 03/06/20190.1%
Arrow Electronics, Inc.0.000% 03/18/20190.1%
Deutsche Telekom International Finance2.789% 09/19/20190.1%
Sofi Professional Loan Program 2018-B Trust2.640% 08/25/20470.1%
Bank of Montreal2.934% 12/12/20190.1%
Drive Auto Receivables Trust 2018-22.880% 06/15/20210.1%
California Republic Auto Receivables Trust 2018-12.860% 03/15/20210.1%
Bank of America Corp.3.266% 04/01/20190.1%
Capital One Multi-Asset Execution Trust2.999% 09/16/20240.1%
Morgan Stanley3.314% 06/16/20200.1%
General Electric Co.2.796% 03/28/20200.1%
Chase Issuance Trust1.580% 08/15/20210.1%
JPMorgan Chase & Co.2.877% 03/09/20210.1%
NextGear Floorplan Master Owner Trust2.540% 04/18/20220.1%
Vulcan Materials Co.2.934% 06/15/20200.1%
Constellation Brands, Inc.0.000% 03/21/20190.1%
PFS Financing Corp.2.400% 10/17/20220.1%
Credit Agricole S.A.3.236% 04/15/20190.1%
Chase Issuance Trust2.689% 04/17/20230.1%
Nissan Motor Acceptance Corp.3.299% 09/13/20190.1%
Santander Drive Auto Receivables Trust 2018-53.520% 12/15/20220.1%
Foursight Capital Automobile Receivables Trust 2012.850% 08/16/20210.1%
Drive Auto Receivables Trust3.010% 11/15/20210.1%
SunTrust Banks, Inc.3.008% 10/26/20210.1%
Citizens Bank N.A.2.861% 03/02/20200.1%
Danske Bank A/S2.903% 09/06/20190.1%
Capital Auto Receivables Asset Trust 2018-23.270% 06/20/20230.1%
AIG Global Funding2.878% 07/02/20200.1%
Santander Drive Auto Receivables Trust 2016-32.800% 08/15/20220.1%
Mondelez International Holdings Netherlands BV3.119% 10/28/20190.1%
California Republic Auto Receivables Trust 2017-12.280% 06/15/20220.1%
Australia & New Zealand Banking Group Ltd.3.100% 05/17/20210.1%
CPS Auto Trust3.310% 12/15/20220.1%
Ford Credit Floorplan Master Owner Trust A1.980% 01/15/20220.1%
AXIS Equipment Finance Receivables VI LLC3.890% 07/20/20220.1%
Citibank, Inc.3.132% 03/20/20190.1%
Nordea Bank Abp3.176% 05/29/20200.1%
Citibank, Inc.3.061% 10/20/20200.1%
Daimler Finance North America LLC3.048% 02/12/20210.1%
Drive Auto Receivables Trust5.150% 08/15/20220.1%
ACC Trust 2019-13.750% 05/20/20220.1%
Humana, Inc.0.000% 03/12/20190.1%
Drive Auto Receivables Trust3.360% 10/17/20220.1%
Capital One Financial Corp.3.458% 05/12/20200.1%
Drive Auto Receivables Trust3.720% 10/17/20220.1%
Honda Auto Receivables 2017-3 Owner Trust1.790% 09/20/20210.1%
Branch Banking & Trust Co.2.958% 06/01/20200.1%
Australia & New Zealand Banking Group Ltd.2.589% 12/19/20190.1%
Barclays Bank plc3.279% 10/28/20190.1%
John Deere Capital Corp.2.528% 07/05/20190.1%
ConAgra Brands, Inc.2.908% 10/09/20200.1%
Assurant, Inc.4.072% 03/26/20210.1%
Santander UK plc2.882% 11/03/20200.1%
Sherwin-Williams Co.0.000% 03/28/20190.1%
Drive Auto Receivables Trust4.530% 08/15/20230.1%
Australia & New Zealand Banking Group Ltd.3.140% 08/19/20200.1%
General Dynamics Corp.2.908% 05/11/20200.1%
ABN Amro Bank NV2.860% 01/19/20210.1%
Drive Auto Receivables Trust2.780% 10/15/20200.1%
FREED ABS TRUST 2018-13.610% 07/18/20240.1%
SCF Equipment Leasing 2018-1 LLC3.630% 10/20/20240.1%
Capital Auto Receivables Asset Trust2.670% 08/20/20200.1%
American Express Credit Account Master Trust2.670% 10/17/20220.1%
QUALCOMM, Inc.3.194% 05/20/20200.1%
American Express Credit Corp.3.828% 09/14/20200.1%
Lloyds Banking Group plc3.153% 06/21/20210.1%
Aviation Capital Group Corp.3.190% 07/30/20210.1%
Ford Motor Credit Co. LLC2.375% 03/12/20190.1%
Wabtec Corp.3.838% 09/15/20210.1%
Bayer US Finance II LLC3.452% 06/25/20210.1%
Australia & New Zealand Banking Group Ltd.2.921% 11/09/20200.1%
General Motors Financial Co., Inc.4.347% 01/14/20220.1%
Pentair Finance SA0.000% 03/01/20190.1%
Wells Fargo Bank, N.A.2.973% 12/06/20190.1%
Sofi Professional Loan Program 2018-A LLC2.390% 02/25/20420.1%
Nissan Motor Acceptance Corp.2.125% 03/03/20200.1%
Santander Drive Auto Receivables Trust 2018-32.780% 03/15/20210.1%
Westpac Banking Corp.3.169% 03/06/20200.1%
Ford Motor Credit Co. LLC0.000% 11/25/20190.1%
Arrow Electronics, Inc.0.000% 03/05/20190.1%
Humana, Inc.0.000% 03/21/20190.1%
Sempra Energy2.936% 01/15/20210.1%
Master Credit Card Trust II3.400% 01/21/20220.1%
Sumitomo Mitsui Trust Bank Ltd2.779% 09/19/20190.1%
World Financial Network Credit Card Master Trust1.980% 08/15/20230.1%
BA Credit Card Trust1.950% 08/15/20220.1%
AmeriCredit Automobile Receivables Trust 2017-42.040% 07/18/20220.1%
CPS Auto Receivables Trust 2016-C3.270% 06/15/20220.1%
Citibank Credit Card Issuance Trust1.800% 09/20/20210.1%
Branch Banking & Trust Co.3.151% 01/15/20200.1%
Drive Auto Receivables Trust3.720% 09/16/20240.1%
Barclays Dryrock Issuance Trust2.819% 07/15/20240.1%
BMW US Capital LLC3.207% 04/12/20210.1%
Wells Fargo & Co.2.929% 04/22/20190.1%
American Express Credit Corp.3.106% 08/15/20190.1%
Phillips 663.289% 02/26/20210.1%
National Australia Bank Ltd.3.017% 12/09/20190.1%
CPS Auto Trust2.870% 09/15/20210.1%
ING Bank NV3.226% 08/15/20190.1%
General Motors Financial Co., Inc.3.366% 04/13/20200.1%
Tyson Foods, Inc.3.157% 05/30/20190.0%
Becton, Dickinson & Co.3.678% 12/29/20200.0%
Sherwin-Williams Co.0.000% 03/26/20190.0%
General Motors Financial Co., Inc.3.996% 01/15/20200.0%
Drive Auto Receivables Trust2.750% 10/15/20200.0%
American Express Credit Corp.2.912% 05/03/20190.0%
Standard Chartered plc3.770% 08/19/20190.0%
Drive Auto Receivables Trust 2017-22.750% 09/15/20230.0%
Gilead Sciences, Inc.2.588% 09/20/20190.0%
Nissan Motor Acceptance Corp.3.203% 09/28/20200.0%
Capital One NA/Mclean VA3.099% 09/13/20190.0%
PFS Financing Corp.1.870% 10/15/20210.0%
Flagship Credit Auto Trust 2016-32.430% 06/15/20210.0%
CPS Auto Receivables Trust 2018-B2.720% 09/15/20210.0%
MMAF Equipment Finance LLC 2014-A1.590% 02/08/20220.0%
Drive Auto Receivables Trust 2017-12.840% 04/15/20220.0%
World Financial Network Credit Card Master Trust3.340% 04/17/20230.0%
Commonwealth Bank of Australia2.737% 09/18/20200.0%
Metropolitan Life Global Funding I2.559% 09/19/20190.0%
Kraft Heinz Foods Co.3.021% 08/09/20190.0%
Barclays Dryrock Issuance Trust2.410% 07/15/20220.0%
TCF Auto Receivables Owner Trust 2015-22.550% 04/15/20210.0%
Nordea Bank Abp3.006% 09/30/20190.0%
Capital Auto Receivables Asset Trust 2017-12.020% 08/20/20210.0%
Toyota Auto Receivables 2016-D Owner Trust1.230% 10/15/20200.0%
Wheels SPV 2 LLC3.060% 04/20/20270.0%
Drive Auto Receivables Trust3.190% 07/15/20220.0%
Harris Corp.3.000% 04/30/20200.0%
AmeriCredit Automobile Receivables Trust 2016-32.710% 09/08/20220.0%
Chesapeake Funding II LLC2.829% 11/15/20290.0%
Nissan Motor Acceptance Corp.3.377% 01/13/20200.0%
Chrysler Capital Auto Receivables Trust3.150% 01/18/20220.0%
CarMax Auto Owner Trust3.110% 08/15/20220.0%
OneMain Financial Issuance Trust 2016-1A3.660% 02/20/20290.0%
PFS Financing Corp.3.089% 02/15/20220.0%
Engs Commercial Finance Trust 2018-12.970% 02/22/20210.0%
AmeriCredit Automobile Receivables Trust 2015-32.730% 03/08/20210.0%
International Lease Finance Corp.6.250% 05/15/20190.0%
OSCAR US Funding Trust VII LLC3.167% 11/10/20200.0%
Capital Auto Receivables Asset Trust 2018-23.480% 10/20/20230.0%
CPS Auto Receivables Trust 2016-C5.920% 06/15/20220.0%
Foursight Capital Automobile Receivables Trust 2013.240% 09/15/20220.0%
Credit Acceptance Auto Loan Trust 2016-32.150% 04/15/20240.0%
Westlake Automobile Receivables Trust 2018-23.500% 01/16/20240.0%
Lloyds Bank plc5.800% 01/13/20200.0%
Exeter Automobile Receivables Trust 2015-15.830% 12/15/20210.0%
Bank of Montreal2.774% 06/15/20200.0%
Shire Acquisitions Investments Ireland Designated1.900% 09/23/20190.0%
Ford Motor Credit Co. LLC2.989% 11/02/20200.0%
SOFI PROFESSIONAL LOAN PROGRAM 2017-F LLC2.050% 01/25/20410.0%
Verizon Owner Trust 2017-12.450% 09/20/20210.0%
BAT Capital Corp3.204% 08/14/20200.0%
World Financial Network Credit Card Master Trust2.550% 06/17/20240.0%
Drive Auto Receivables Trust3.340% 09/15/20220.0%
Santander Drive Auto Receivables Trust 2016-32.460% 03/15/20220.0%
General Motors Co.3.389% 08/07/20200.0%
Pentair Finance SA0.000% 03/20/20190.0%
Chesapeake Funding II LLC2.110% 03/15/20280.0%
Drive Auto Receivables Trust2.980% 01/18/20220.0%
Rock-Tenn Co.4.450% 03/01/20190.0%
Drive Auto Receivables Trust3.660% 11/15/20240.0%
American Express Co.2.850% 10/30/20200.0%
Barclays Dryrock Issuance Trust 2016-11.520% 05/16/20220.0%
Pentair Finance SA0.000% 03/07/20190.0%
World Financial Network Credit Card Master Trust3.090% 04/17/20230.0%
American Credit Acceptance Receivables Trust 2018-2.720% 03/10/20210.0%
AmeriCredit Automobile Receivables 2015-12.510% 01/08/20210.0%
American Credit Acceptance Receivables Trust 2016-4.260% 08/12/20220.0%
Flagship Credit Auto Trust3.050% 08/16/20210.0%
Canadian Imperial Bank of Commerce2.843% 09/06/20190.0%
Flagship Credit Auto Trust 2016-13.910% 06/15/20220.0%
Morgan Stanley3.869% 04/21/20210.0%
AT&T, Inc.3.086% 01/15/20200.0%
Ascentium Equipment Receivables 2017-2 Trust2.000% 05/11/20200.0%
CarFinance Capital Auto Trust3.580% 06/15/20210.0%
American Credit Acceptance Receivables Trust 2018-3.550% 04/10/20240.0%
Exeter Automobile Receivables Trust 2016-34.220% 06/15/20220.0%
CPS Auto Trust3.430% 07/15/20220.0%
Chase Issuance Trust2.859% 04/15/20210.0%
Pentair Finance SA2.650% 12/01/20190.0%
International Lease Finance Corp.5.875% 04/01/20190.0%
Westlake Automobile Receivables Trust 2016-24.100% 06/15/20210.0%
National Australia Bank Ltd.3.004% 01/10/20200.0%
PNC Bank NA2.719% 01/22/20210.0%
First National Master Note Trust 2017-22.929% 10/16/20230.0%
Constellation Brands, Inc.0.000% 03/13/20190.0%
Wells Fargo Bank, N.A.3.289% 05/24/20190.0%
Chesapeake Funding II LLC1.990% 05/15/20290.0%
Drive Auto Receivables Trust2.610% 08/16/20210.0%
Chesapeake Funding II LLC1.880% 06/15/20280.0%
California Republic Auto Receivables Trust 2015-42.580% 06/15/20210.0%
Nissan Motor Acceptance Corp.3.777% 03/08/20190.0%
Australia & New Zealand Banking Group Ltd.3.026% 09/23/20190.0%
Royal Bank of Canada3.146% 04/15/20190.0%
Westgate Resorts 2018-1 LLC3.380% 12/20/20310.0%
CarMax Auto Owner Trust1.400% 08/15/20210.0%
HSBC USA, Inc.3.228% 11/13/20190.0%
Sofi Consumer Loan Program 2017-5 LLC2.140% 09/25/20260.0%
Citibank, Inc.3.276% 06/12/20200.0%
Santander Drive Auto Receivables Trust 2017-31.870% 06/15/20210.0%
Ford Credit Auto Owner Trust/Ford Credit 2014-REV12.260% 11/15/20250.0%
Danske Bank A/S2.831% 03/02/20200.0%
Albemarle Corp.0.000% 03/12/20190.0%
CPS Auto Receivables Trust 2017-D2.430% 01/18/20220.0%
Mercedes-Benz Auto Lease Trust 2018-A2.200% 04/15/20200.0%
Drive Auto Receivables Trust3.910% 05/17/20210.0%
Royal Bank of Canada2.748% 10/26/20200.0%
OneMain Financial Issuance Trust 20153.190% 03/18/20260.0%
Westlake Automobile Receivables Trust 2018-12.920% 05/15/20230.0%
Pentair Finance SA0.000% 03/06/20190.0%
Synchrony Credit Card Master Note Trust2.040% 03/15/20220.0%
Nissan Auto Receivables 2017-C Owner Trust2.120% 04/18/20220.0%
Phillips 663.186% 04/15/20200.0%
Capital Auto Receivables Asset Trust3.340% 03/22/20210.0%
AmeriCredit Automobile Receivables Trust 2016-32.240% 04/08/20220.0%
Santander Drive Auto Receivables Trust 2017-22.210% 10/15/20210.0%
Wells Fargo Bank, N.A.2.746% 01/15/20210.0%
BMW US Capital LLC3.175% 04/06/20200.0%
Santander Drive Auto Receivables Trust 2016-24.380% 09/15/20230.0%
Sofi Professional Loan Program 2017-C LLC1.750% 07/25/20400.0%
Harley-Davidson Financial Services Inc2.677% 03/08/20190.0%
Fifth Third Bank, OH2.971% 09/27/20190.0%
Access Point Funding I 2017-1 LLC3.060% 04/15/20290.0%
Credit Acceptance Auto Loan Trust 2016-22.420% 11/15/20230.0%
Flagship Credit Auto Trust 2017-31.880% 10/15/20210.0%
General Electric Co.3.236% 04/15/20200.0%
CCG Receivables Trust 2018-12.500% 06/16/20250.0%
Navient Student Loan Trust 2018-12.680% 03/25/20670.0%
NextGear Floorplan Master Owner Trust2.740% 04/15/20210.0%
ACC Trust 2018-13.700% 12/21/20200.0%
JPMorgan Chase Bank NA2.956% 09/23/20190.0%
Citizens Bank N.A.3.259% 05/26/20200.0%
Marriott International, Inc.0.000% 03/11/20190.0%
ING Bank NV3.487% 10/01/20190.0%
Drive Auto Receivables Trust 2017-32.800% 07/15/20220.0%
DLL Securitization Trust 2017-A1.890% 07/15/20200.0%
KeyBank NA2.350% 03/08/20190.0%
Chesapeake Funding II LLC2.939% 05/15/20290.0%
Americredit Automobile Receivables Trust2.470% 11/09/20200.0%
Svenska Handelsbanken AB2.813% 09/06/20190.0%
Americredit Automobile Receivables Trust 2016-41.830% 12/08/20210.0%
Springleaf Funding Trust3.160% 11/15/20240.0%
Foursight Capital Automobile Receivables Trust 2014.120% 09/15/20220.0%
ING Bank NV3.610% 08/17/20200.0%
TCF Auto Receivables Owner Trust1.960% 11/16/20200.0%
SoFi Professional Loan Program 2017-E LLC1.860% 11/26/20400.0%
ING Bank NV3.226% 08/15/20190.0%
SoFi Consumer Loan Program 2016-2 LLC3.090% 10/27/20250.0%
CPS Auto Receivables Trust 2018-A2.770% 04/18/20220.0%
Avid Automobile Receivables Trust 2018-12.840% 08/15/20230.0%
Drive Auto Receivables Trust3.020% 11/15/20210.0%
GreatAmerica Leasing Receivables Funding LLC Serie2.350% 05/15/20200.0%
OneMain Financial Issuance Trust 2016-24.100% 03/20/20280.0%
Royal Bank of Canada2.701% 03/02/20200.0%
Flagship Credit Auto Trust 2017-42.070% 04/15/20220.0%
World Financial Network Credit Card Master Trust3.140% 01/17/20230.0%
Santander Drive Auto Receivables Trust3.240% 04/15/20210.0%
CPS Auto Trust2.680% 05/17/20210.0%
Chesapeake Funding II LLC1.910% 08/15/20290.0%
AmeriCredit Automobile Receivables Trust 2016-31.800% 10/08/20210.0%
Capital Auto Receivables Asset Trust 2015-43.620% 05/20/20210.0%
Enterprise Fleet Financing LLC1.970% 01/20/20230.0%
Santander Drive Auto Receivables Trust 2016-23.390% 04/15/20220.0%
Santander Drive Auto Receivables Trust 2015-42.970% 03/15/20210.0%
Hyundai Floorplan Master Owner Trust Series 2016-11.810% 03/15/20210.0%
CPS Auto Receivables Trust 2018-B3.230% 07/15/20220.0%
Canadian Imperial Bank of Commerce2.874% 02/02/20210.0%
Chrysler Capital Auto Receivables Trust 2016-B1.640% 07/15/20210.0%
CPS Auto Receivables Trust 2017-C2.300% 07/15/20210.0%
Morgan Stanley3.512% 07/23/20190.0%
Mississippi Power Co.3.031% 03/27/20200.0%
Capital Auto Receivables Asset Trust 2016-22.110% 03/22/20210.0%
Exeter Automobile Receivables Trust 2017-13.950% 12/15/20220.0%
Master Credit Card Trust II2.560% 07/21/20210.0%
Chesapeake Funding II LLC3.489% 06/15/20280.0%
Flagship Credit Auto Trust 2017-11.930% 12/15/20210.0%
Enterprise Fleet Financing LLC2.130% 07/20/20220.0%
CPS Auto Receivables Trust 2017-D1.870% 03/15/20210.0%
Capital Auto Receivables Asset Trust 2017-11.760% 06/22/20200.0%
AmeriCredit Automobile Receivables Trust 2016-31.460% 05/10/20210.0%
Barclays Dryrock Issuance Trust 2017-12.819% 03/15/20230.0%
First Investors Auto Owner Trust 2017-21.860% 10/15/20210.0%
First Investors Auto Owner Trust2.000% 03/15/20220.0%
AmeriCredit Automobile Receivables Trust 2015-22.400% 01/08/20210.0%
TCF Auto Receivables Owner Trust 2016-PT11.930% 06/15/20220.0%
CarMax Auto Owner Trust 2017-31.640% 09/15/20200.0%
Santander Drive Auto Receivables Trust 2016-31.890% 06/15/20210.0%
Drive Auto Receivables Trust3.380% 11/15/20210.0%
Westlake Automobile Receivables Trust 2016-22.830% 05/17/20210.0%
Commonwealth Bank of Australia3.394% 03/15/20190.0%
Texas-New Mexico Power Co.9.500% 04/01/20190.0%
Ford Motor Credit Co. LLC3.512% 11/04/20190.0%
California Republic Auto Receivables Trust 2016-21.830% 12/15/20210.0%
SoFi Professional Loan Program 2017-D LLC1.720% 09/25/20400.0%
Flagship Credit Auto Trust 2017-21.850% 07/15/20210.0%
CarMax Auto Owner Trust1.560% 11/16/20200.0%
Santander Drive Auto Receivables Trust 2015-52.740% 12/15/20210.0%
American Credit Acceptance Receivables Trust 2015-4.840% 10/12/20210.0%
SunTrust Auto Receivables Trust1.780% 01/15/20210.0%
Ascentium Equipment Receivables 2016-1 Trust2.850% 07/10/20200.0%
First Investors Auto Owner Trust 2016-21.870% 11/15/20210.0%
Carmax Auto Owner Trust1.390% 05/17/20210.0%
SoFi Professional Loan Program 2017-A LLC1.550% 03/26/20400.0%
Westlake Automobile Receivables Trust 2017-21.800% 07/15/20200.0%
CNH Equipment Trust1.850% 04/15/20210.0%
AmeriCredit Automobile Receivables Trust 2017-31.690% 12/18/20200.0%
Mercedes-Benz Master Owner Trust 2016-B3.189% 05/17/20210.0%
California Republic Auto Receivables Trust1.820% 09/15/20200.0%
CPS Auto Receivables Trust3.180% 09/15/20200.0%
Engs Commercial Finance Trust2.630% 02/22/20220.0%
Exeter Automobile Receivables Trust 2014-35.690% 04/15/20210.0%
Kansas Gas & Electric Co.6.700% 06/15/20190.0%
Nissan Auto Receivables 2016-B Owner Trust1.320% 01/15/20210.0%
California Republic Auto Receivables Trust1.750% 01/15/20210.0%
Dell Equipment Finance Trust2.140% 04/22/20220.0%
Diamond Resorts Owner Trust2.990% 05/22/20280.0%
Wheels SPV 2 LLC1.590% 05/20/20250.0%
Westlake Automobile Receivables Trust 2017-12.300% 10/17/20220.0%
Flagship Credit Auto Trust2.380% 10/15/20200.0%
Amgen, Inc.3.263% 05/22/20190.0%
U.S. Bancorp2.890% 04/25/20190.0%
AmeriCredit Automobile Receivables Trust 2017-21.650% 09/18/20200.0%
Flagship Credit Auto Trust 2016-12.770% 12/15/20200.0%
CPS Auto Receivables Trust 2017-C1.780% 09/15/20200.0%
Flagship Credit Auto Trust 2016-41.960% 02/16/20210.0%
Bank of Montreal3.095% 07/18/20190.0%
First Investors Auto Owner Trust2.750% 09/15/20210.0%
First Investors Auto Owner Trust 2017-11.690% 04/15/20210.0%

Dividends & Cap Gains

Dividends & Cap Gains

DIVIDEND PAYMENTS

DIVIDEND PAYMENTS

For
YTD Dividends Paidas of 04/18/2019
$0.069
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 03/31/2019 $0.02378 $10.01
Daily Daily 02/28/2019 $0.02201 $10.01
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 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

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
12/17/2019 12/18/2019

Fees & Expenses

Fees & Expenses

EXPENSE RATIOas of 03/31/2019

Fund Gross Expense Ratio Fund Net Expense Ratio
0.29% 0.22%

Expense ratio details, Click here.

Fund Documents

Fund Documents

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

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

                    

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 yield reflects fee waivers in effect. Without such fee waivers, yields would be reduced.  

 

6

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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