Ultra Short Bond Fund

LUBAX

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Daily price w/o sales charge as of 10/28/2020

$10.04

$0.00

YTD Returns w/o sales charge as of 10/28/2020

1.05%

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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 10/28/2020

w/o sales charge	0.38%
w/ sales charge	-

30-Day Standardized Yield ² as of 09/30/2020

0.29%

In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.

Expense Ratioas of 09/30/2020

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 03/31/2020. 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 Basicsas of 09/30/2020

Total Net Assets: $21.35 B
Inception Date: 10/17/2016
Dividend Frequency: Monthly (Daily Accrual)
Number of Holdings: 517
Minimum Initial Investment: $1,500+

Fund Expense Ratio :

0.45%

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

w/o sales charge	1.02%	1.64%	2.04%	-	-	1.86%
Lipper Category Avg. Ultra-Short Obligations Funds	1.13%	1.66%	1.99%	-	-	-
ICE BofA U.S. Treasury Bill Index	0.71%	1.19%	1.73%	-	-	1.47%
w/ sales charge	1.02%	1.64%	2.04%	-	-	1.86%

Fund Expense Ratio :

0.45%

Fund Expense Ratio :

0.45%

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

w/o sales charge	1.02%	1.64%	2.04%	-	-	1.86%
Lipper Category Avg. Ultra-Short Obligations Funds	1.13%	1.66%	1.99%	-	-	-
ICE BofA U.S. Treasury Bill Index	0.71%	1.19%	1.73%	-	-	1.47%
w/ sales charge	1.02%	1.64%	2.04%	-	-	1.86%

Fund Expense Ratio :

0.45%

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

Credit Quality Distribution as of 09/30/2020 View Portfolio

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

Yoana N. Koleva, CFA

Managing Director & Portfolio Manager

17 Years of Industry Experience

Andrew H. O'Brien, CFA

Partner & Portfolio Manager

22 Years of Industry Experience

Kewjin Yuoh

Partner & Portfolio Manager

26 Years of Industry Experience

Adam C. Castle, CFA

Managing Director, Portfolio Manager

12 Years of Industry Experience

Supported By 62 Investment Professionals with 16 Years Avg. Industry Experience

Your Representative

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Performance

NAV HISTORICAL PRICES

Date	Net Asset Value

Fund Expense Ratio :

0.45%

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

w/o sales charge	1.02%	1.64%	2.04%	-	-	1.86%
Lipper Category Avg. Ultra-Short Obligations Funds	1.13%	1.66%	1.99%	-	-	-
ICE BofA U.S. Treasury Bill Index	0.71%	1.19%	1.73%	-	-	1.47%

Fund Expense Ratio :

0.45%

Fund Expense Ratio :

0.45%

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

w/o sales charge	1.02%	1.64%	2.04%	-	-	1.86%
Lipper Category Avg. Ultra-Short Obligations Funds	1.13%	1.66%	1.99%	-	-	-
ICE BofA U.S. Treasury Bill Index	0.71%	1.19%	1.73%	-	-	1.47%

Fund Expense Ratio :

0.45%

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

2019	2.83%	2.35%
2018	1.93%	1.88%
2017	1.42%	0.82%
2016	0.15%	0.37%

Year	Q1	Q2	Q3	Q4	Yearly Returns

2020	-1.35%	2.14%	0.25%	-	1.05%
2019	0.86%	0.74%	0.59%	0.62%	2.83%
2018	0.32%	0.53%	0.66%	0.40%	1.93%
2017	0.35%	0.39%	0.33%	0.35%	1.42%
2016	-	-	-	-	0.15%

Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.

GROWTH OF $10,000 as of 09/30/2020

The chart begins on the Fund's inception date of 10/17/2016.

Based on a hypothetical Class A share investment of $10,000 on 10/17/2016 without sales charge and includes the reinvestment of all distributions.

Portfolio

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

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

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

CREDIT QUALITY DISTRIBUTION as of 09/30/2020

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

Portfolio Positioning as of 6/30/2020

We did not view the drop in value of our securities during the first quarter as a credit or default issue. Rather, we believed it was due to a supply / demand imbalance in the short-term credit markets caused by market volatility concerns related to COVID-19. Therefore, over the quarter we added to BBB-rated securities in order to take advantage of the unprecedented spread widening experienced in the short-term markets during March.
The largest change in portfolio positioning over the period was a large decrease in the portfolio’s commercial paper allocation. This was not a tactical shift, but rather a product of weak supply within the commercial paper market as new issue investment grade bonds replaced the supply of the asset class.
Overall, the portfolio remains high-quality, short-term and very liquid. We remain focused on maintaining a high degree of liquidity in the portfolio, which should allow us to continue to take advantage of attractive opportunities in the front-end markets.

Portfolio Details as of 09/30/2020

Total Net Assets: $21.35 B
Number of Issues: 517
Average Coupon: 1.1%
Average Life: 0.92 Years
Average Effective Duration: 0.39 Years

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

Holding	Coupon	Maturity	Assets

United States Treasury Bill	0.000%	11/12/2020	4.7%
U.S. Treasury Note/Bond	0.125%	07/31/2022	2.4%
Wells Fargo & Co.	1.378%	02/11/2022	1.2%
Morgan Stanley	2.315%	01/20/2022	1.1%
Goldman Sachs Group, Inc.	2.101%	04/26/2022	1.0%
Goldman Sachs Group, Inc.	1.540%	10/31/2022	1.0%
Morgan Stanley	0.820%	01/20/2023	0.9%
Morgan Stanley	2.028%	07/22/2022	0.9%
Bank of America Corp.	3.499%	05/17/2022	0.9%
Societe Generale S.A.	0.000%	10/06/2020	0.9%

% of Total Assets			15.0%

Holding	Coupon	Maturity	Assets

U.S. Treasury Note/Bond	0.125%	07/31/2022	2.5%
J.P.Morgan Securities LLC	0.010%	-	2.4%
United States Treasury Bill	0.000%	11/12/2020	1.8%
Morgan Stanley	2.315%	01/20/2022	1.1%
Wells Fargo & Co.	1.378%	02/11/2022	1.0%
Goldman Sachs Group, Inc.	1.540%	10/31/2022	1.0%
Morgan Stanley	0.820%	01/20/2023	0.9%
Toronto-Dominion Bank	0.000%	09/03/2020	0.9%
Morgan Stanley	2.028%	07/22/2022	0.9%
Bank of America Corp.	2.738%	01/23/2022	0.8%
Alexandria Real Estate Equities, Inc.	0.000%	09/02/2020	0.8%
Bank of America Corp.	3.499%	05/17/2022	0.8%
Constellation Brands, Inc.	1.092%	11/15/2021	0.8%
American Honda Finance Corp.	0.000%	09/08/2020	0.7%
Volkswagen Group of America Finance LLC	1.204%	11/13/2020	0.7%
Goldman Sachs Group, Inc.	2.101%	04/26/2022	0.7%
Societe Generale S.A.	0.000%	09/08/2020	0.7%
Glencore Funding LLC	0.000%	10/07/2020	0.7%
BASF SE	0.000%	09/15/2020	0.7%
Carnival Corp.	0.000%	09/03/2020	0.7%
World Financial Network Credit Card Master Trust	2.310%	08/15/2024	0.7%
PNC Bank NA	1.548%	07/22/2022	0.7%
Goldman Sachs Group, Inc.	1.110%	02/23/2023	0.7%
Wells Fargo Bank, N.A.	1.659%	09/09/2022	0.6%
Glencore Funding LLC	0.000%	09/21/2020	0.6%
Bank of America Corp.	2.328%	10/01/2021	0.6%
Dominion Resources, Inc.	0.750%	12/01/2020	0.6%
JPMorgan Chase & Co.	1.499%	06/18/2022	0.6%
Canadian Imperial Bank of Commerce	0.000%	09/03/2020	0.6%
Citigroup, Inc.	2.700%	03/30/2021	0.6%
Energy Transfer Partners L.P.	0.000%	09/01/2020	0.6%
Canadian Imperial Bank of Commerce	0.889%	03/17/2023	0.5%
Westlake Automobile Receivables Trust 2020-2	0.930%	02/15/2024	0.5%
Bank of Montreal	0.770%	03/10/2023	0.5%
HSBC Holdings plc	1.434%	09/11/2021	0.5%
JPMorgan Chase & Co.	3.514%	06/18/2022	0.5%
Daimler Finance North America LLC	1.211%	11/05/2021	0.5%
BAE Systems Holdings, Inc.	0.000%	09/08/2020	0.5%
Citibank, Inc.	0.977%	05/20/2022	0.5%
Royal Bank of Canada	1.495%	01/17/2023	0.5%
MET Tower Global Funding	0.550%	07/13/2022	0.5%
AbbVie, Inc.	0.841%	11/19/2021	0.5%
Toyota Motor Credit Corp.	1.150%	05/26/2022	0.5%
Glencore Funding LLC	0.000%	09/15/2020	0.4%
Walt Disney Co/The	0.000%	04/30/2021	0.4%
IntercontinentalExchange Group, Inc.	0.903%	06/15/2023	0.4%
Toronto-Dominion Bank	0.000%	09/08/2020	0.4%
US Bank NA	1.399%	12/09/2022	0.4%
Toronto-Dominion Bank	1.113%	03/17/2021	0.4%
Macquarie Bank Ltd.	0.810%	11/24/2021	0.4%
HSBC USA, Inc.	0.000%	02/05/2021	0.4%
Danske Bank A/S	0.000%	05/04/2021	0.4%
PNC Bank NA	0.685%	02/24/2023	0.4%
Boeing Co.	0.000%	11/10/2020	0.4%
American Honda Finance Corp.	0.000%	09/04/2020	0.4%
Boeing Co.	0.000%	11/18/2020	0.4%
Honeywell International, Inc.	0.483%	08/19/2022	0.4%
Wells Fargo Bank, N.A.	0.989%	05/27/2022	0.4%
BAT Capital Corp	0.000%	10/06/2020	0.4%
Zimmer Biomet Holdings, Inc.	1.802%	03/19/2021	0.4%
Ford Credit Auto Owner Trust 2020-B	0.500%	02/15/2023	0.4%
E.I. du Pont de Nemours & Co.	0.000%	12/01/2020	0.4%
Harris Corp.	1.593%	03/10/2023	0.4%
BAT Capital Corp	1.272%	08/15/2022	0.4%
HSBC USA, Inc.	0.000%	02/22/2021	0.4%
BAT Capital Corp	0.000%	09/10/2020	0.4%
Energy Transfer Partners L.P.	0.000%	09/03/2020	0.4%
Toyota Motor Credit Corp.	0.415%	02/14/2022	0.4%
BMW US Capital LLC	2.258%	04/12/2021	0.4%
Citibank, Inc.	1.613%	07/23/2021	0.4%
UBS AG London	1.750%	04/21/2022	0.4%
Citibank, Inc.	2.844%	05/20/2022	0.4%
Cigna Corp	1.493%	09/17/2021	0.4%
American Express Co.	2.750%	05/20/2022	0.4%
IntercontinentalExchange Group, Inc.	0.000%	09/14/2020	0.4%
E.I. du Pont de Nemours & Co.	0.000%	12/03/2020	0.4%
Hyundai Capital America	0.000%	09/01/2020	0.4%
Walgreen Co.	0.000%	02/26/2021	0.3%
American Express Co.	1.141%	11/05/2021	0.3%
Wells Fargo Bank, N.A.	2.897%	05/27/2022	0.3%
Metropolitan Life Global Funding I	0.654%	01/13/2023	0.3%
Citibank, Inc.	0.911%	02/19/2022	0.3%
American Honda Finance Corp.	1.807%	06/27/2022	0.3%
Danske Bank A/S	0.000%	08/06/2021	0.3%
Principal Life Global Funding II	1.773%	10/06/2021	0.3%
Macquarie Bank Ltd.	0.951%	08/06/2021	0.3%
National Australia Bank Ltd.	1.183%	12/13/2022	0.3%
PNC Bank NA	1.429%	12/09/2022	0.3%
New York Life Global Funding	2.014%	01/10/2023	0.3%
Toronto-Dominion Bank	1.060%	07/30/2021	0.3%
Bank of America Corp.	2.023%	10/01/2021	0.3%
Walt Disney Co/The	0.000%	05/17/2021	0.3%
HSBC USA, Inc.	0.000%	02/03/2021	0.3%
General Motors Financial Co., Inc.	0.000%	02/01/2021	0.3%
Westlake Automobile Receivables Trust 2019-3	2.150%	02/15/2023	0.3%
KeyBank NA	1.347%	02/01/2022	0.3%
Drive Auto Receivables Trust 2020-2	0.850%	07/17/2023	0.3%
Toronto-Dominion Bank	0.880%	12/01/2022	0.3%
Capital One Prime Auto Receivables Trust 2019-2	2.060%	09/15/2022	0.3%
Daimler Finance North America LLC	1.292%	02/15/2022	0.3%
Florida Power & Light Co.	0.641%	07/28/2023	0.3%
Wells Fargo & Co.	2.625%	07/22/2022	0.3%
Skandinaviska Enskilda Banken AB	0.963%	12/12/2022	0.3%
Branch Banking & Trust Co.	0.976%	05/17/2022	0.3%
General Motors Financial Co., Inc.	0.000%	09/21/2020	0.3%
ING Groep NV	2.525%	03/29/2022	0.3%
BMW US Capital LLC	0.934%	08/13/2021	0.3%
Fidelity National Information Services, Inc.	0.000%	09/09/2020	0.3%
Ford Credit Auto Lease Trust 2019-A	2.900%	05/15/2022	0.3%
Trillium Credit Card Trust II	3.038%	01/26/2024	0.3%
BP Capital Markets plc	0.000%	11/27/2020	0.3%
Enel Finance International N.V.	2.875%	05/25/2022	0.3%
Mercedes-Benz Auto Receivables Trust 2020-1	0.460%	03/15/2023	0.3%
AbbVie, Inc.	0.724%	05/21/2021	0.3%
Volkswagen Auto Loan Enhanced Trust 2020-1	0.930%	12/20/2022	0.3%
Drive Auto Receivables Trust 2019-4	2.230%	01/16/2024	0.3%
Manufacturers & Traders Trust Co	0.990%	12/01/2021	0.3%
Wells Fargo & Co.	2.016%	07/26/2021	0.3%
Citigroup, Inc.	2.755%	03/30/2021	0.3%
Dominion Gas Holdings LLC	1.341%	06/15/2021	0.3%
Daimler Finance North America LLC	0.865%	02/12/2021	0.3%
Toyota Auto Receivables 2020-C Owner Trust	0.360%	02/15/2023	0.3%
Reckitt Benckiser Treasury Services PLC	1.764%	06/24/2022	0.3%
Capital One Prime Auto Receivables Trust 2020-1	1.640%	06/15/2023	0.2%
E.I. du Pont de Nemours & Co.	0.000%	12/14/2020	0.2%
GM Financial Automobile Leasing Trust 2019-3	2.090%	10/20/2021	0.2%
Caterpillar Financial Services Corp.	0.457%	11/12/2021	0.2%
Swedbank AB	0.000%	09/01/2020	0.2%
General Motors Financial Co., Inc.	0.000%	09/28/2020	0.2%
Chesapeake Funding II LLC	0.642%	01/15/2031	0.2%
Golden Credit Card Trust	0.612%	12/15/2022	0.2%
Goldman Sachs Group, Inc.	2.130%	02/25/2021	0.2%
BP Capital Markets plc	0.000%	11/02/2020	0.2%
Standard Chartered plc	2.096%	09/10/2022	0.2%
GM Financial Consumer Automobile Receivables Trust	2.650%	02/16/2024	0.2%
BMW US Capital LLC	1.841%	04/14/2022	0.2%
Sumitomo Mitsui Financial Group, Inc.	2.784%	07/12/2022	0.2%
Boeing Co.	0.000%	12/02/2020	0.2%
NextEra Energy Capital Holdings, Inc.	0.921%	08/28/2021	0.2%
Union Bank N.A.	1.599%	03/07/2022	0.2%
Southern Power Co	1.666%	12/20/2020	0.2%
Bank of Montreal	1.498%	01/22/2021	0.2%
Sumitomo Mitsui Banking Corp	1.546%	10/16/2020	0.2%
Huntington National Bank	0.793%	02/05/2021	0.2%
Marriott International, Inc.	0.950%	12/01/2020	0.2%
Carmax Auto Owner Trust 2019-2	2.680%	03/15/2024	0.2%
Marsh & McLennan Cos., Inc.	2.575%	12/29/2021	0.2%
Brookfield BRP Holdings Canada Inc	0.000%	09/29/2020	0.2%
Walgreen Co.	0.000%	11/09/2020	0.2%
Honeywell International, Inc.	0.498%	08/19/2022	0.2%
Walgreen Co.	0.000%	09/08/2020	0.2%
General Motors Financial Co., Inc.	0.000%	09/02/2020	0.2%
BAT Capital Corp	0.000%	09/25/2020	0.2%
Caterpillar Financial Services Corp.	0.776%	05/17/2021	0.2%
Royal Bank of Canada	1.702%	07/08/2021	0.2%
Bank of Montreal	1.296%	09/10/2021	0.2%
DNB Bank ASA	0.964%	12/02/2022	0.2%
American Credit Acceptance Receivables Trust 2020-	0.620%	10/13/2023	0.2%
BMW Finance NV	1.225%	08/12/2022	0.2%
Caterpillar Financial Services Corp.	1.299%	03/08/2021	0.2%
Molson Coors Brewing Co.	0.000%	11/10/2020	0.2%
Toyota Motor Credit Corp.	0.559%	08/13/2021	0.2%
NXP BV / NXP Funding LLC	4.125%	06/01/2021	0.2%
United Technologies Corp.	2.800%	03/15/2022	0.2%
American Express Co.	0.997%	05/20/2022	0.2%
Hyundai Capital America	0.000%	09/28/2020	0.2%
Dell International LLC / EMC Corp	4.420%	06/15/2021	0.2%
Drive Auto Receivables Trust 2019-4	2.160%	05/15/2023	0.2%
AbbVie, Inc.	1.024%	11/21/2022	0.2%
Hyundai Capital America	0.000%	10/07/2020	0.2%
Wells Fargo & Co.	3.500%	03/08/2022	0.2%
DLL 2019-3 LLC	2.130%	01/20/2022	0.2%
Ford Credit Auto Lease Trust 2020-B	0.500%	12/15/2022	0.2%
McDonald's Corp.	1.317%	10/28/2021	0.2%
Vulcan Materials Co.	1.000%	03/01/2021	0.2%
UBS AG London	0.830%	12/01/2020	0.2%
Westpac Banking Corp.	1.701%	01/13/2023	0.2%
Entergy Corp.	0.000%	09/10/2020	0.2%
Wells Fargo & Co.	2.100%	07/26/2021	0.2%
Hitachi America Capital Ltd	0.000%	09/01/2020	0.2%
Crown Castle International Corp.	0.000%	09/02/2020	0.2%
Danske Bank A/S	3.001%	09/20/2022	0.2%
Brookfield BRP Holdings Canada Inc	0.000%	09/03/2020	0.2%
Manufacturers & Traders Trust Co	1.388%	12/28/2020	0.2%
Nordea Bank Abp	4.875%	05/13/2021	0.2%
Sempra Energy	1.719%	01/15/2021	0.2%
Santander Drive Auto Receivables Trust 2018-3	3.510%	08/15/2023	0.2%
CenterPoint Energy, Inc.	0.000%	09/01/2020	0.2%
Walgreen Co.	0.000%	09/01/2020	0.2%
Santander Drive Auto Receivables Trust 2018-2	3.350%	07/17/2023	0.2%
Ford Credit Floorplan Master Owner Trust A	2.160%	09/15/2022	0.2%
UBS Group AG	2.217%	02/01/2022	0.2%
Nissan Auto Receivables 2019-A Owner Trust	2.900%	10/16/2023	0.2%
Credit Suisse Group AG	2.800%	04/08/2022	0.2%
Protective Life Global Funding	1.895%	06/28/2021	0.2%
Mondelez International, Inc.	0.625%	07/01/2022	0.2%
Duke Energy Progress LLC	0.433%	02/18/2022	0.2%
E.I. du Pont de Nemours & Co.	0.000%	12/02/2020	0.2%
IntercontinentalExchange Group, Inc.	0.000%	11/13/2020	0.2%
BAT Capital Corp	0.000%	09/16/2020	0.2%
New York Life Global Funding	0.713%	07/12/2022	0.2%
BAT Capital Corp	0.000%	09/08/2020	0.2%
Entergy Corp.	0.000%	09/11/2020	0.2%
Honeywell International, Inc.	2.104%	08/08/2022	0.2%
Bank of America Corp.	1.866%	06/25/2022	0.2%
Humana, Inc.	0.000%	09/14/2020	0.2%
Molson Coors Brewing Co.	0.000%	10/08/2020	0.2%
Otis Worldwide Corp	2.088%	04/05/2023	0.2%
BAT Capital Corp	0.000%	10/05/2020	0.2%
Compass Bank	1.045%	06/11/2021	0.2%
Brookfield BRP Holdings Canada Inc	0.000%	09/08/2020	0.2%
Swedbank AB	2.800%	03/14/2022	0.2%
Noble Energy, Inc.	0.000%	09/01/2020	0.2%
Master Credit Card Trust	0.651%	07/21/2022	0.2%
General Motors Financial Co., Inc.	0.000%	09/23/2020	0.2%
AIG Global Funding	0.895%	01/22/2021	0.2%
Navistar Financial Dealer Note Master Owner Trust	0.805%	09/25/2023	0.2%
Citigroup, Inc.	1.746%	08/02/2021	0.2%
Credit Agricole Corporate & Investment Bank SA	2.062%	10/03/2021	0.2%
First National Master Note Trust 2018-1	0.622%	10/15/2024	0.2%
GMF Floorplan Owner Revolving Trust	3.130%	03/15/2023	0.2%
Ford Credit Floorplan Master Owner Trust A	2.950%	05/15/2023	0.2%
Albemarle Corp.	0.000%	10/13/2020	0.2%
Albemarle Corp.	0.000%	10/14/2020	0.2%
Albemarle Corp.	0.000%	10/02/2020	0.2%
Citizens Bank N.A.	1.144%	02/14/2022	0.2%
Ford Motor Credit Co. LLC	2.728%	10/12/2021	0.2%
Nissan Motor Acceptance Corp.	0.833%	03/15/2021	0.2%
First Investors Auto Owner Trust 2019-2	2.210%	09/16/2024	0.2%
Albemarle Corp.	0.000%	10/09/2020	0.2%
Australia & New Zealand Banking Group Ltd.	0.864%	11/21/2022	0.2%
BA Credit Card Trust	3.100%	12/15/2023	0.1%
World Financial Network Credit Card Master Trust	3.070%	12/16/2024	0.1%
Cigna Corp	2.109%	07/15/2023	0.1%
Citigroup, Inc.	0.944%	11/04/2022	0.1%
GLS Auto Receivables Issuer Trust 2020-3	0.690%	10/16/2023	0.1%
Danske Bank A/S	5.000%	01/12/2022	0.1%
AstraZeneca plc	0.000%	12/11/2020	0.1%
Prestige Auto Receivables Trust 2019-1	2.450%	05/15/2023	0.1%
Golden Credit Card Trust	2.620%	01/15/2023	0.1%
JPMorgan Chase & Co.	2.219%	01/15/2023	0.1%
GM Financial Automobile Leasing Trust 2020-2	0.710%	10/20/2022	0.1%
Nissan Auto Lease Trust 2019-B	2.270%	10/15/2021	0.1%
ABN Amro Bank NV	0.939%	08/27/2021	0.1%
CNH Capital LLC	4.375%	11/06/2020	0.1%
Honda Auto Receivables 2020-2 Owner Trust	0.740%	11/15/2022	0.1%
Becton, Dickinson & Co.	2.031%	06/06/2022	0.1%
WestRock Co.	0.000%	09/02/2020	0.1%
Catholic Health Initiatives	0.000%	09/08/2020	0.1%
Crown Castle International Corp.	0.000%	09/15/2020	0.1%
Volkswagen Group of America Finance LLC	2.064%	09/24/2021	0.1%
BP Capital Markets plc	0.501%	11/24/2020	0.1%
AbbVie, Inc.	3.450%	03/15/2022	0.1%
Goldman Sachs Group, Inc.	5.750%	01/24/2022	0.1%
General Motors Financial Co., Inc.	0.000%	09/16/2020	0.1%
Molson Coors Brewing Co.	0.000%	11/24/2020	0.1%
Santander Consumer Auto Receivables Trust 2020-B	0.460%	08/15/2024	0.1%
Drive Auto Receivables Trust 2018-5	3.680%	07/15/2023	0.1%
Canadian Tire Corp Ltd	0.000%	09/10/2020	0.1%
Santander Drive Auto Receivables Trust 2020-2	0.620%	05/15/2023	0.1%
Barclays Bank plc	1.700%	05/12/2022	0.1%
World Omni Select Auto Trust 2018-1	3.460%	03/15/2023	0.1%
HSBC USA, Inc.	0.000%	03/03/2021	0.1%
Synchrony Credit Card Master Note Trust	2.380%	09/15/2023	0.1%
Fifth Third Bank, OH	1.431%	07/26/2021	0.1%
Goldman Sachs Group, Inc.	2.351%	04/23/2021	0.1%
World Omni Automobile Lease Securitization Trust 2	3.190%	12/15/2021	0.1%
Noble Energy, Inc.	0.000%	09/08/2020	0.1%
PFS Financing Corp.	1.160%	08/15/2024	0.1%
TD Ameritrade Holding Corp.	0.679%	11/01/2021	0.1%
Toyota Motor Credit Corp.	1.892%	01/08/2021	0.1%
Walgreen Co.	0.000%	09/02/2020	0.1%
Albemarle Corp.	0.000%	11/10/2020	0.1%
Caterpillar Financial Services Corp.	0.497%	01/06/2022	0.1%
John Deere Capital Corp.	0.803%	06/13/2022	0.1%
BP Capital Markets plc	2.500%	11/06/2022	0.1%
American Honda Finance Corp.	1.118%	06/11/2021	0.1%
GDF Suez	0.000%	10/01/2020	0.1%
IntercontinentalExchange Group, Inc.	0.000%	09/03/2020	0.1%
Albemarle Corp.	0.000%	09/08/2020	0.1%
Molson Coors Brewing Co.	0.000%	10/13/2020	0.1%
Branch Banking & Trust Co.	0.821%	03/09/2023	0.1%
Sumitomo Mitsui Financial Group, Inc.	2.846%	01/11/2022	0.1%
Albemarle Corp.	0.000%	11/09/2020	0.1%
IntercontinentalExchange Group, Inc.	0.000%	11/10/2020	0.1%
Ford Credit Auto Lease Trust 2020-A	1.800%	07/15/2022	0.1%
Ford Credit Auto Owner Trust 2016-REV1	2.310%	08/15/2027	0.1%
Nissan Motor Acceptance Corp.	0.696%	09/28/2020	0.1%
Westlake Automobile Receivables Trust 2019-2	3.060%	02/15/2023	0.1%
Citigroup, Inc.	2.069%	12/08/2021	0.1%
Ford Credit Auto Owner Trust 2017-REV1	2.620%	08/15/2028	0.1%
GATX Corp.	1.261%	11/05/2021	0.1%
Becton, Dickinson & Co.	2.250%	12/29/2020	0.1%
Bank of America Corp.	2.289%	10/21/2022	0.1%
Hyundai Auto Lease Securitization Trust 2019-B	2.080%	12/15/2021	0.1%
BMW Vehicle Lease Trust 2019-1	2.840%	11/22/2021	0.1%
Exeter Automobile Receivables Trust 2020-2	1.130%	08/15/2023	0.1%
Walt Disney Co/The	0.000%	05/21/2021	0.1%
SL Green Operating Partnership L.P.	1.366%	08/16/2021	0.1%
Mercedes-Benz Master Owner Trust 2018-BA	0.502%	05/15/2023	0.1%
World Omni Automobile Lease Securitization Trust 2	2.940%	05/16/2022	0.1%
IntercontinentalExchange Group, Inc.	2.350%	09/15/2022	0.1%
AmeriCredit Automobile Receivables Trust 2019-3	2.170%	01/18/2023	0.1%
Express Scripts Holding Co.	1.087%	11/30/2020	0.1%
First Investors Auto Owner Trust 2019-1	2.890%	03/15/2024	0.1%
Westlake Automobile Receivables Trust 2018-3	3.320%	10/16/2023	0.1%
Ford Credit Auto Owner Trust 2018-B	3.240%	04/15/2023	0.1%
Federation des Caisses Desjardins du Quebec	1.090%	10/30/2020	0.1%
Mitsubishi UFJ Financial Grp, Inc.	1.641%	07/26/2021	0.1%
AmeriCredit Automobile Receivables Trust 2020-2	0.600%	12/18/2023	0.1%
GM Financial Automobile Leasing Trust 2019-1	2.980%	12/20/2021	0.1%
Intesa Sanpaolo SpA	6.500%	02/24/2021	0.1%
DuPont de Nemours Inc	1.102%	11/15/2020	0.1%
Volkswagen Auto Loan Enhanced Trust 2018-2	3.250%	04/20/2023	0.1%
General Motors Financial Co., Inc.	0.000%	09/03/2020	0.1%
John Deere Capital Corp.	1.399%	06/07/2021	0.1%
General Motors Financial Co., Inc.	0.000%	01/19/2021	0.1%
Canadian Tire Corp Ltd	0.000%	09/03/2020	0.1%
Foursight Capital Automobile Receivables Trust 202	1.970%	09/15/2023	0.1%
General Motors Financial Co., Inc.	0.000%	02/16/2021	0.1%
MPLX L.P.	1.899%	09/09/2021	0.1%
JPMorgan Chase & Co.	4.350%	08/15/2021	0.1%
IntercontinentalExchange Group, Inc.	0.000%	09/01/2020	0.1%
Albemarle Corp.	1.330%	11/15/2022	0.1%
BMW Floorplan Master Owner Trust	3.150%	05/15/2023	0.1%
British Transco International Finance BV	0.000%	11/04/2021	0.1%
General Motors Financial Co., Inc.	0.000%	10/01/2020	0.1%
Toyota Auto Receivables 2019-A Owner Trust	2.910%	07/17/2023	0.1%
Phillips 66	0.960%	02/26/2021	0.1%
Manufacturers & Traders Trust Co	1.261%	01/25/2021	0.1%
Amur Equipment Finance Receivables VII LLC	2.630%	06/20/2024	0.1%
Tesla Auto Lease Trust 2020-A	0.550%	05/22/2023	0.1%
Mitsubishi UFJ Financial Grp, Inc.	2.623%	07/18/2022	0.1%
Capital One Financial Corp.	1.949%	03/09/2022	0.1%
Exeter Automobile Receivables Trust 2019-3	2.590%	09/15/2022	0.1%
Ally Auto Receivables Trust 2019-4	1.930%	10/17/2022	0.1%
SCF Equipment Leasing 2019-2 LLC	2.220%	06/20/2024	0.1%
Daimler Finance North America LLC	1.238%	02/22/2022	0.1%
GM Financial Automobile Leasing Trust 2019-2	2.670%	03/21/2022	0.1%
HPEFS Equipment Trust 2020-1	1.730%	02/20/2030	0.1%
GM Financial Consumer Automobile Receivables Trust	1.830%	01/17/2023	0.1%
Ally Master Owner Trust	3.290%	05/15/2023	0.1%
Synchrony Credit Card Master Note Trust	3.360%	03/15/2024	0.1%
Textron, Inc.	0.998%	11/10/2020	0.1%
UBS Group AG	2.650%	02/01/2022	0.1%
American Credit Acceptance Receivables Trust 2020-	1.650%	12/13/2023	0.1%
Royal Caribbean Cruises Ltd.	2.650%	11/28/2020	0.1%
Carmax Auto Owner Trust 2019-1	3.050%	03/15/2024	0.1%
Drive Auto Receivables Trust 2019-4	2.320%	06/15/2022	0.1%
Carvana Auto Receivables Trust 2019-3	2.420%	04/15/2022	0.1%
Branch Banking & Trust Co.	1.491%	10/26/2021	0.1%
Ford Motor Credit Co. LLC	2.183%	04/05/2021	0.1%
Discover Card Execution Note Trust	3.040%	07/15/2024	0.1%
NextGear Floorplan Master Owner Trust	0.762%	10/15/2023	0.1%
Citigroup, Inc.	2.301%	10/26/2020	0.1%
Santander UK plc	0.970%	06/01/2021	0.1%
BMW Vehicle Lease Trust 2018-1	3.260%	07/20/2021	0.1%
Jackson National Life Global Funding	1.036%	06/27/2022	0.1%
Capital Auto Receivables Asset Trust 2018-1	2.930%	06/20/2022	0.1%
CarMax Auto Owner Trust	1.600%	06/15/2022	0.1%
Upjohn Inc	1.125%	06/22/2022	0.1%
CarMax Auto Owner Trust	3.130%	06/15/2023	0.1%
Discover Card Execution Note Trust	3.320%	03/15/2024	0.1%
Drive Auto Receivables Trust	3.660%	11/15/2024	0.1%
E.I. du Pont de Nemours & Co.	0.000%	12/21/2020	0.1%
WestRock Co.	0.000%	09/01/2020	0.1%
Santander Drive Auto Receivables Trust 2016-2	4.380%	09/15/2023	0.1%
Enterprise Fleet Financing LLC	2.360%	05/20/2023	0.1%
Citibank, Inc.	3.165%	02/19/2022	0.1%
Anglo American Capital plc	4.125%	04/15/2021	0.1%
Bank of Montreal	1.398%	09/11/2022	0.1%
Capital One Multi-Asset Execution Trust	0.672%	09/16/2024	0.1%
PFS Financing Corp.	2.400%	10/17/2022	0.1%
Mitsubishi UFJ Financial Grp, Inc.	3.218%	03/07/2022	0.1%
Cabot Corp.	0.000%	09/01/2020	0.1%
Toyota Auto Receivables 2018-D Owner Trust	3.180%	03/15/2023	0.1%
Westlake Automobile Receivables Trust 2019-1	3.510%	05/16/2022	0.1%
Chesapeake Funding II LLC	2.120%	11/15/2029	0.1%
USAA Auto Owner Trust 2019-1	2.260%	02/15/2022	0.1%
ARI Fleet Lease Trust 2020-A	1.770%	08/15/2028	0.1%
Santander Drive Auto Receivables Trust 2016-3	2.800%	08/15/2022	0.1%
Flagship Credit Auto Trust 2020-2	1.490%	07/15/2024	0.1%
Drive Auto Receivables Trust	4.160%	05/15/2024	0.1%
Discover Card Execution Note Trust	3.110%	01/16/2024	0.1%
Volkswagen Group of America Finance LLC	2.900%	05/13/2022	0.1%
Capital One Multi-Asset Execution Trust	2.840%	12/15/2024	0.1%
Walt Disney Co/The	0.000%	05/07/2021	0.1%
Prestige Auto Receivables Trust 2019-1	2.440%	07/15/2022	0.1%
Citibank, Inc.	1.435%	10/20/2020	0.1%
Hyundai Auto Receivables Trust 2017-B	1.770%	01/18/2022	0.1%
Daimler Finance North America LLC	0.808%	02/22/2021	0.0%
Daimler Finance North America LLC	0.799%	05/04/2021	0.0%
ConAgra Brands, Inc.	1.820%	10/09/2020	0.0%
Santander UK plc	0.856%	11/03/2020	0.0%
Citibank Credit Card Issuance Trust	2.880%	01/23/2023	0.0%
Wells Fargo & Co.	2.130%	01/24/2023	0.0%
Aviation Capital Group Corp.	1.430%	07/30/2021	0.0%
World Omni Auto Receivables Trust 2019-B	2.590%	07/15/2024	0.0%
Lloyds Banking Group plc	1.995%	06/21/2021	0.0%
Bayer US Finance II LLC	1.846%	06/25/2021	0.0%
GM Financial Consumer Automobile Receivables Trust	1.970%	05/16/2022	0.0%
General Motors Financial Co., Inc.	2.861%	01/14/2022	0.0%
Aviation Capital Group Corp.	1.300%	06/01/2021	0.0%
American Express Credit Account Master Trust	3.070%	10/15/2024	0.0%
Ford Credit Auto Owner Trust 2020-A	1.030%	10/15/2022	0.0%
National Bank of Canada	2.150%	10/07/2022	0.0%
Roper Industries, Inc.	0.450%	08/15/2022	0.0%
BMW US Capital LLC	2.013%	04/06/2022	0.0%
General Motors Financial Co., Inc.	0.000%	09/10/2020	0.0%
AstraZeneca plc	1.516%	06/10/2022	0.0%
Citigroup, Inc.	1.951%	04/25/2022	0.0%
American Credit Acceptance Receivables Trust 2019-	3.320%	04/12/2023	0.0%
BAT Capital Corp	0.000%	09/09/2020	0.0%
Walt Disney Co/The	0.000%	03/26/2021	0.0%
Mercedes-Benz Auto Lease Trust 2019-A	3.100%	11/15/2021	0.0%
Barclays Dryrock Issuance Trust	0.492%	07/15/2024	0.0%
Santander Retail Auto Lease Trust 2019-B	2.290%	04/20/2022	0.0%
Conn's Receivables Funding 2019-A LLC	3.400%	10/16/2023	0.0%
Abe Investment Holdings, Inc.	2.896%	11/04/2022	0.0%
Campbell Soup Co.	1.371%	03/15/2021	0.0%
DLL 2018-1 LLC	3.100%	04/18/2022	0.0%
Santander Drive Auto Receivables Trust 2018-4	3.270%	01/17/2023	0.0%
Conn's Receivables Funding 2019-B LLC	2.660%	06/17/2024	0.0%
Westlake Automobile Receivables Trust 2018-2	3.500%	01/16/2024	0.0%
Schlumberger Finance Canada Ltd	2.200%	11/20/2020	0.0%
Flagship Credit Auto Trust 2018-3	3.070%	02/15/2023	0.0%
Ally Financial, Inc.	7.500%	09/15/2020	0.0%
Amur Equipment Finance Receivables VI LLC	3.890%	07/20/2022	0.0%
Capital Auto Receivables Asset Trust 2018-2	3.270%	06/20/2023	0.0%
Fifth Third Auto Trust 2019-1	2.660%	05/16/2022	0.0%
Tesla Auto Lease Trust 2018-B	3.710%	08/20/2021	0.0%
Barclays Bank plc	10.179%	06/12/2021	0.0%
AmeriCredit Automobile Receivables Trust 2016-3	2.710%	09/08/2022	0.0%
PNC Bank NA	2.232%	07/22/2022	0.0%
Standard Chartered plc	5.700%	01/25/2022	0.0%
Citigroup, Inc.	1.681%	10/27/2022	0.0%
Drive Auto Receivables Trust 2018-2	3.630%	08/15/2024	0.0%
American Express Co.	1.019%	02/27/2023	0.0%
Americredit Automobile Receivables Trust 2019-1	2.930%	06/20/2022	0.0%
CarMax Auto Owner Trust 2020-2	1.700%	11/15/2024	0.0%
Capital Auto Receivables Asset Trust 2018-2	3.480%	10/20/2023	0.0%
GM Financial Automobile Leasing Trust 2019-2	2.670%	06/21/2021	0.0%
Discover Card Execution Note Trust	0.432%	12/15/2023	0.0%
Ford Motor Credit Co. LLC	0.986%	11/02/2020	0.0%
PPL WEM Ltd./Western Power Distribution Ltd.	5.375%	05/01/2021	0.0%
Drive Auto Receivables Trust 2019-3	2.900%	08/15/2025	0.0%
Barclays plc	2.936%	01/10/2023	0.0%
GM Financial Consumer Automobile Receivables Trust	2.130%	03/16/2023	0.0%
Drive Auto Receivables Trust	4.180%	03/15/2024	0.0%
American Express Co.	1.090%	10/30/2020	0.0%
UBS Group AG	2.644%	09/24/2020	0.0%
Chesapeake Funding II LLC	0.502%	08/15/2029	0.0%
Capital Auto Receivables Asset Trust 2018-2	3.690%	12/20/2023	0.0%
Americredit Automobile Receivables Trust 2019-1	0.412%	06/20/2022	0.0%
National Australia Bank Ltd.	1.696%	09/20/2021	0.0%
Drive Auto Receivables Trust	3.720%	09/16/2024	0.0%
KeyBank NA	1.168%	11/22/2021	0.0%
American Express Credit Account Master Trust	0.612%	09/16/2024	0.0%
Drive Auto Receivables Trust	4.530%	08/15/2023	0.0%
DLL Securitization Trust 2017-A	2.140%	12/15/2021	0.0%
Marlette Funding Trust 2018-4	3.710%	12/15/2028	0.0%
ACC Trust 2019-1	3.750%	05/20/2022	0.0%
SCF Equipment Leasing 2019-1 LLC	3.040%	03/20/2023	0.0%
Drive Auto Receivables Trust 2017-3	3.530%	12/15/2023	0.0%
Exelon Corp.	3.497%	06/01/2022	0.0%
Cigna Corp	0.000%	09/22/2020	0.0%
Santander Drive Auto Receivables Trust 2016-2	3.390%	04/15/2022	0.0%
Mercedes-Benz Auto Lease Trust 2018-B	3.210%	09/15/2021	0.0%
Flagship Credit Auto Trust 2018-2	2.970%	10/17/2022	0.0%
Capital Auto Receivables Asset Trust 2018-1	2.790%	01/20/2022	0.0%
Enterprise Fleet Financing LLC	2.870%	10/20/2023	0.0%
PNC Bank NA	1.348%	01/22/2021	0.0%
First National Master Note Trust 2017-2	0.602%	10/16/2023	0.0%
CVS Caremark Corp.	1.719%	03/09/2021	0.0%
Volkswagen Group of America Finance LLC	1.375%	11/12/2021	0.0%
California Republic Auto Receivables Trust 2017-1	2.280%	06/15/2022	0.0%
SCF Equipment Leasing 2018-1 LLC	3.630%	10/20/2024	0.0%
Santander Drive Auto Receivables Trust 2018-5	3.520%	12/15/2022	0.0%
FREED ABS TRUST 2018-2	3.990%	10/20/2025	0.0%
Citizens Bank N.A.	1.170%	05/26/2022	0.0%
General Mills, Inc.	1.716%	04/16/2021	0.0%
Jackson National Life Global Funding	0.795%	06/11/2021	0.0%
Chesapeake Funding II LLC	0.472%	11/15/2029	0.0%
Drive Auto Receivables Trust	3.720%	10/17/2022	0.0%
General Motors Financial Co., Inc.	0.000%	09/08/2020	0.0%
CarMax Auto Owner Trust 2017-2	1.930%	03/15/2022	0.0%
Westgate Resorts 2018-1 LLC	3.380%	12/20/2031	0.0%
CPS Auto Trust	3.310%	12/15/2022	0.0%
Capital One NA/Mclean VA	1.418%	01/30/2023	0.0%
Assurant, Inc.	2.482%	03/26/2021	0.0%
Exeter Automobile Receivables Trust 2016-3	4.220%	06/15/2022	0.0%
GM Financial Automobile Leasing Trust 2020-1	1.670%	04/20/2022	0.0%
CPS Auto Receivables Trust 2019-A	3.180%	06/15/2022	0.0%
Ascentium Equipment Receivables 2017-1 Trust	2.290%	06/10/2021	0.0%
Nissan Auto Receivables 2019-A Owner Trust	2.820%	01/18/2022	0.0%
Fifth Third Bank, OH	1.327%	02/01/2022	0.0%
Wheels SPV 2 LLC	3.060%	04/20/2027	0.0%
Honda Auto Receivables 2017-3 Owner Trust	1.790%	09/20/2021	0.0%
Drive Auto Receivables Trust	4.090%	01/15/2026	0.0%
HSBC Holdings plc	2.020%	05/25/2021	0.0%
Conn's Receivables Funding 2018-A LLC	3.250%	01/15/2023	0.0%
AmeriCredit Automobile Receivables Trust 2016-3	2.240%	04/08/2022	0.0%
AmeriCredit Automobile Receivables Trust 2017-4	2.040%	07/18/2022	0.0%
Foursight Capital Automobile Receivables Trust 201	3.240%	09/15/2022	0.0%
CPS Auto Trust	3.430%	07/15/2022	0.0%
Drive Auto Receivables Trust 2019-3	2.630%	09/15/2022	0.0%
First Investors Auto Owner Trust 2018-2	3.230%	12/15/2022	0.0%
FREED ABS TRUST 2018-1	3.610%	07/18/2024	0.0%
Chesapeake Funding II LLC	1.990%	05/15/2029	0.0%
Sofi Professional Loan Program 2018-B Trust	2.640%	08/25/2047	0.0%
American Credit Acceptance Receivables Trust 2018-	3.550%	04/10/2024	0.0%
Sofi Professional Loan Program 2018-A LLC	2.390%	02/25/2042	0.0%
Navient Private Education Refi Loan Trust 2019-A	3.030%	01/15/2043	0.0%
Exeter Automobile Receivables Trust 2017-1	3.950%	12/15/2022	0.0%
Westlake Automobile Receivables Trust 2018-1	2.920%	05/15/2023	0.0%
CCG Receivables Trust 2018-1	2.500%	06/16/2025	0.0%
Chesapeake Funding II LLC	0.612%	05/15/2029	0.0%
Chesapeake Funding II LLC	1.910%	08/15/2029	0.0%
Avid Automobile Receivables Trust 2018-1	2.840%	08/15/2023	0.0%
CPS Auto Receivables Trust 2018-B	3.230%	07/15/2022	0.0%
TCF Auto Receivables Owner Trust 2016-PT1	1.930%	06/15/2022	0.0%

Dividends & Cap Gains

DIVIDEND PAYMENTS

For

YTD Dividends Paidas of 10/28/2020: $0.091
Dividend Frequency: Monthly (Daily Accrual)

Record Date	Ex-Dividend Date	Reinvest & Payable Date	Dividend	Reinvest Price
Daily	Daily	09/30/2020	$0.00381	$10.04
Daily	Daily	08/31/2020	$0.00488	$10.04
Daily	Daily	07/31/2020	$0.00650	$10.04
Daily	Daily	06/30/2020	$0.00790	$10.03
Daily	Daily	05/31/2020	$0.01033	$9.99
Daily	Daily	04/30/2020	$0.01253	$9.95
Daily	Daily	03/31/2020	$0.01464	$9.85
Daily	Daily	02/29/2020	$0.01459	$10.03
Daily	Daily	01/31/2020	$0.01619	$10.03

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	10/31/2020
Daily	Daily	11/30/2020
Daily	Daily	12/31/2020

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

Taxed as ordinary income

Lord Abbett does not provide tax advice. It is strongly recommended that you discuss the impact of dividends and distributions with your tax advisor.

Upcoming Capital Gain Distribution

Record Date	Ex-Dividend Date
12/17/2020	12/18/2020

Fees & Expenses

EXPENSE RATIOas of 09/30/2020

Expense ratio details, Click here.

Fund Documents

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

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^*Barron’s Top Fund Families of 2019, February 14, 2020, #5 in the Taxable Bond Category among 55 fund families. Based on the net total return of the one−year period ending 12/31/2019. #14 Overall ranking among 55 qualifying fund families based on the net total return of the one-year period ending 12/31/2019. Five-year Overall ranking is #30 out of 52 fund families; 10-year Overall ranking is #33 out of 45 fund families.

Source: Barron’s, “Barron’s Top Fund Families of 2019,” February 14, 2020. Barron’s rankings are based on asset weighted returns in funds in five categories: U.S. equity, world equity (including international and global portfolios), mixed asset (which invest in stocks, bonds and other securities), taxable bond, and tax-exempt (each a "Barron's ranking category"). Rankings also take into account an individual fund's performance within its Lipper peer universe. Lipper calculated each fund's net total return for the year ended December 31, 2019, minus the effects of 12b-1 fees and sales charges. Each fund in the survey was given a percentile ranking with 100 the highest and 1 the lowest in its category. That ranking measured how a fund compared with its peer "universe," as tracked by Lipper, not just the funds in the survey. Individual fund scores were then multiplied by the 2019 weighting of their Barron's ranking category as determined by the entire Lipper universe of funds. Those fund scores were then totaled, creating an overall score and ranking for each fund family in the survey in each Barron's ranking category. The process is repeated for the five- and ten-year rankings as well. Barron's Fund Family Rankings are awarded annually.

© Reuters 2020. All Rights Reserved. Lipper Analytical Services, Inc. is an independent mutual fund research and rating service. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper.

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

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

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

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

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

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

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

IMPORTANT INFORMATION

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

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

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

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

Class A Except as noted below, returns with sales charges reflect a maximum sales charge of 5.75% for equity funds, 2.25% for all tax-free income funds, fixed income funds and multi-asset class funds. There are also ongoing 12b-1 service fees (and, in certain cases, distribution fees).

Class A Shares purchased subject to a front-end sales charge have no contingent deferred sales charge (CDSC). However, certain purchases of Class A shares made without a front-end sales charge may be subject to a CDSC of 1% if the shares are redeemed before the first day of the month in which the one year anniversary of the purchase falls. The CDSC is not reflected in the performance with maximum sales charge.

Except as noted below, returns with sales charges reflect a maximum sales charge of 2.50%. There are also ongoing 12b-1 service and distribution fees.

Class A Shares purchased subject to a front-end sales charge have no contingent deferred sales charge (CDSC). However, certain purchases of Class A shares made without a front-end sales charge may be subject to a CDSC of 1.50% if the shares are repurchased before the first day of the month in which the one year anniversary of the purchase falls. The CDSC is not reflected in the performance with maximum sales charge.

Except as noted below, returns with sales charges reflect a maximum sales charge of 2.50%. There are also ongoing 12b-1 service and distribution fees.

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 10/28/2020

30-Day Standardized Yield 2 as of 09/30/2020

Expense Ratioas of 09/30/2020

Fund Basicsas of 09/30/2020

Fund Expense Ratio :

0.45%

Fund Expense Ratio :

0.45%

Fund Expense Ratio :

0.45%

Fund Expense Ratio :

0.45%

RELATED CONTENT

Credit Quality Distribution as of 09/30/2020 View Portfolio

INVESTMENT TEAM

Your Representative

Performance

Performance

NAV HISTORICAL PRICES

Fund Expense Ratio :

0.45%

Fund Expense Ratio :

0.45%

Fund Expense Ratio :

0.45%

Fund Expense Ratio :

0.45%

GROWTH OF $10,000 as of 09/30/2020

Portfolio

Portfolio

CREDIT QUALITY DISTRIBUTION as of 09/30/2020

Portfolio Positioning as of 6/30/2020

Portfolio Details as of 09/30/2020

Dividends & Cap Gains

Dividends & Cap Gains

DIVIDEND PAYMENTS

DIVIDEND PAYMENTS

Upcoming Dividend Payment Dates

CAPITAL GAINS DISTRIBUTIONS

Upcoming Capital Gain Distribution

Fees & Expenses

Fees & Expenses

EXPENSE RATIOas of 09/30/2020

Fund Documents

Fund Documents

Coming Soon.......

7 Day Yield ^1,4 as of 10/28/2020

30-Day Standardized Yield ² as of 09/30/2020