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Ultra Short Bond Fund

Daily price w/o sales charge as of 01/24/2020

$10.03

$0.00

YTD Returns w/o sales charge as of 01/24/2020

0.13%

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 01/24/2020  

  Subsidized3 Un-Subsidized3
w/o sales charge 1.88% 1.81%
w/ sales charge - -

30-Day Standardized Yield 2 as of 12/31/2019  

  Subsidized5 Un-Subsidized6
w/o sales charge 1.85% 1.81%

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

Expense Ratioas of 12/31/2019

Expense ratio details, Click here.

Fund Basicsas of 12/31/2019

Total Net Assets
$21.19 B
Inception Date
10/17/2016
Dividend Frequency
Monthly (Daily Accrual)
Number of Holdings
648
Minimum Initial Investment
$1,500+

Fund Expense Ratio :

Gross 0.49%

Net 0.42%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 10/17/2016
w/o sales charge 2.83% 2.83% 2.06% - - 1.97%
Lipper Category Avg. Ultra-Short Obligations Funds 2.93% 2.93% 1.94% - - -
ICE BofAML U.S. Treasury Bill Index 2.35% 2.35% 1.68% - - 1.59%
w/ sales charge 2.83% 2.83% 2.06% - - 1.97%

Fund Expense Ratio :

Gross 0.49%

Net 0.42%

Fund Expense Ratio :

Gross 0.49%

Net 0.42%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 10/17/2016
w/o sales charge 2.83% 2.83% 2.06% - - 1.97%
Lipper Category Avg. Ultra-Short Obligations Funds 2.93% 2.93% 1.94% - - -
ICE BofAML U.S. Treasury Bill Index 2.35% 2.35% 1.68% - - 1.59%
w/ sales charge 2.83% 2.83% 2.06% - - 1.97%

Fund Expense Ratio :

Gross 0.49%

Net 0.42%

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.

Type Assets
Corp Floating
Commercial Paper
ABS
U.S. Government Related
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 12/31/2019 View Portfolio

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

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

INVESTMENT TEAM

Yoana N. Koleva
Yoana N. Koleva, CFA

Managing Director & Portfolio Manager

16 Years of Industry Experience

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 C. Castle
Adam C. Castle, CFA

Managing Director, Portfolio Manager

11 Years of Industry Experience

Supported By 64 Investment Professionals with 17 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 0.49%

Net 0.42%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 10/17/2016
w/o sales charge 2.83% 2.83% 2.06% - - 1.97%
Lipper Category Avg. Ultra-Short Obligations Funds 2.93% 2.93% 1.94% - - -
ICE BofAML U.S. Treasury Bill Index 2.35% 2.35% 1.68% - - 1.59%

Fund Expense Ratio :

Gross 0.49%

Net 0.42%

Fund Expense Ratio :

Gross 0.49%

Net 0.42%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 10/17/2016
w/o sales charge 2.83% 2.83% 2.06% - - 1.97%
Lipper Category Avg. Ultra-Short Obligations Funds 2.93% 2.93% 1.94% - - -
ICE BofAML U.S. Treasury Bill Index 2.35% 2.35% 1.68% - - 1.59%

Fund Expense Ratio :

Gross 0.49%

Net 0.42%

Year Fund Returns ICE BofAML 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 - - - - 0.14%
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 12/31/2019

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

Portfolio

Type Assets
Corp Floating
Commercial Paper
ABS
U.S. Government Related
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 12/31/2019

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

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

Portfolio Positioning as of 12/31/2019

  • 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 1.91%, 18 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.
  • Due to the repo market dislocation, commercial paper spreads widened. We took advantage of this displacement by adding to short-term commercial paper in order to capture the higher rate levels, ultimately bringing down the portfolio’s overall average duration.
  • Following strong performance in the beginning of the quarter, we reduced the portfolio’s allocation to corporate bonds with floating rate coupons. While we remain attracted to floating rate notes, we rotated a portion of our exposure to other asset classes including commercial paper.
  • As securities have rolled off and valuations have tightened, we reduced the portfolio’s allocation to asset-backed securities (“ABS”). We continue to remain attracted to the sector, primarily within the auto-loan and credit card receivable space.

Portfolio Details as of 12/31/2019

Total Net Assets
$21.19 B
Number of Issues
648
Average Coupon
1.78%
Average Life
0.81 Years
Average Effective Duration
0.19 Years

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

Average Coupon - The weighted average annual rate of interest on a bond’s face value that the issuer agrees to pay the holder until maturity for all the securities in a portfolio.

Average Life - Measures how long it will take, on average, to receive the repayment of the principal amount on a debt security.  Average life is often used in connection with mortgage-backed securities as a measurement of the length of time, on average, before the underlying mortgages are paid, refinanced, or otherwise retired.

Average Effective Duration - The change in the value of a fixed income security that will result from a 1% change in interest rates, taking into account anticipated cash flow fluctuations from mortgage prepayments, puts, adjustable coupons, and potential call dates. Duration is expressed as a number of years, and generally, the larger a duration, the greater the interest-rate risk or reward for a portfolio’s underlying bond prices. Where applicable, certain investments, such as common or preferred stock, convertible bonds and convertible preferred stock, ETFs, ADRs, and CPI swaps and related futures, are excluded from these calculations.

Holding Coupon Maturity Assets
United States Treasury Bill 0.000% 03/26/2020 1.8%
Morgan Stanley 2.731% 02/10/2021 1.4%
Goldman Sachs Group, Inc. 3.419% 04/23/2020 1.2%
Morgan Stanley 3.458% 01/20/2022 1.0%
Bank of America Corp. 2.938% 07/21/2021 1.0%
Boeing Co. 0.000% 02/26/2020 0.9%
JPMorgan Chase & Co. 2.652% 03/09/2021 0.8%
Goldman Sachs Group, Inc. 3.377% 04/26/2022 0.8%
Wells Fargo & Co. 3.111% 02/11/2022 0.8%
Wells Fargo & Co. 3.158% 07/22/2020 0.7%
% of Total Assets 10.4%
Holding Coupon Maturity Assets
United States Treasury Bill0.000% 12/26/20191.9%
Morgan Stanley2.731% 02/10/20211.4%
Goldman Sachs Group, Inc.3.419% 04/23/20201.2%
Bank of America Corp.2.938% 07/21/20211.0%
FMC Corp.0.000% 12/27/20191.0%
Morgan Stanley3.458% 01/20/20221.0%
Citigroup, Inc.3.128% 01/10/20200.9%
Boeing Co.0.000% 02/26/20200.9%
JPMorgan Chase & Co.3.003% 03/09/20210.8%
Wells Fargo & Co.3.111% 02/11/20220.7%
Energy Transfer Partners L.P.0.000% 12/04/20190.7%
Wells Fargo & Co.3.158% 07/22/20200.7%
Dollar Tree, Inc.3.003% 04/17/20200.7%
JPMorgan Chase & Co.2.818% 06/01/20210.7%
Rogers Communications, Inc.0.000% 01/09/20200.6%
Volkswagen Group of America Finance LLC2.946% 11/13/20200.6%
Bank of America NA2.482% 05/24/20210.6%
Ford Credit Auto Owner Trust 2015-REV12.120% 07/15/20260.6%
Capital One Prime Auto Receivables Trust 2019-12.580% 04/15/20220.6%
Crown Castle International Corp.0.000% 12/09/20190.6%
Energy Transfer Partners L.P.0.000% 12/03/20190.5%
Goldman Sachs Group, Inc.3.377% 04/26/20220.5%
World Financial Network Credit Card Master Trust2.310% 08/15/20240.5%
Florida Power & Light Co.2.639% 05/06/20220.5%
EnCana Corp.0.000% 12/19/20190.5%
Boeing Co.0.000% 03/04/20200.5%
Capital One Prime Auto Receivables Trust 2019-22.060% 09/15/20220.5%
Marriott International, Inc.0.000% 01/08/20200.5%
JPMorgan Chase Bank NA2.494% 02/19/20210.5%
Daimler Finance North America LLC2.957% 11/05/20210.4%
Toronto-Dominion Bank2.409% 03/17/20210.4%
GM Financial Automobile Leasing Trust 2019-32.090% 10/20/20210.4%
Syngenta Wilmington, Inc.0.000% 02/14/20200.4%
Macquarie Bank Ltd.2.353% 11/24/20210.4%
Royal Caribbean Cruises Ltd.0.000% 01/27/20200.4%
PNC Bank NA2.709% 07/22/20220.4%
Cigna Corp0.000% 02/26/20200.4%
Capital One Multi-Asset Execution Trust1.990% 07/17/20230.4%
Royal Caribbean Cruises Ltd.0.000% 01/17/20200.4%
NBCUniversal Enterprise, Inc.2.719% 04/01/20210.4%
Wells Fargo Bank, N.A.2.759% 07/23/20210.4%
BAT Capital Corp3.038% 08/15/20220.4%
Broadcom Inc0.000% 01/07/20200.4%
Trillium Credit Card Trust II3.038% 01/26/20240.4%
Broadcom Inc0.000% 01/21/20200.4%
Enel Finance America LLC0.000% 01/23/20200.4%
Mylan, Inc.0.000% 12/13/20190.4%
Jackson National Life Global Funding2.603% 10/15/20200.4%
Bank of America NA2.587% 07/26/20210.4%
BMW US Capital LLC2.750% 04/12/20210.4%
Metropolitan Life Global Funding I2.533% 01/08/20210.4%
Cigna Corp0.000% 01/17/20200.4%
Westlake Automobile Receivables Trust 2019-32.150% 02/15/20230.4%
Cigna Corp2.760% 03/17/20200.4%
Dr. Pepper Snapple Group, Inc.0.000% 12/06/20190.4%
Aviation Capital Group Corp.0.000% 01/15/20200.4%
Wells Fargo & Co.2.946% 01/30/20200.4%
BAT International Finance plc0.000% 12/06/20190.4%
Exeter Automobile Receivables Trust 2019-32.590% 09/15/20220.4%
Ford Credit Floorplan Master Owner Trust A2.070% 05/15/20220.4%
HSBC Holdings plc3.086% 09/11/20210.3%
PNC Bank NA2.786% 03/12/20210.3%
Royal Bank of Canada2.676% 01/25/20210.3%
Citibank, Inc.2.654% 02/19/20220.3%
Drive Auto Receivables Trust 2019-42.320% 06/15/20220.3%
Principal Life Global Funding II2.381% 10/06/20210.3%
American Honda Finance Corp.2.851% 06/27/20220.3%
Zimmer Biomet Holdings, Inc.3.169% 03/19/20210.3%
Aviation Capital Group Corp.0.000% 01/16/20200.3%
Chesapeake Funding II LLC2.245% 01/15/20310.3%
Macquarie Bank Ltd.2.358% 08/06/20210.3%
Bank of America Corp.2.706% 10/01/20210.3%
Aviation Capital Group Corp.0.000% 12/06/20190.3%
Cigna Corp3.060% 09/17/20210.3%
BA Credit Card Trust1.840% 01/17/20230.3%
Jabil, Inc.0.000% 02/18/20200.3%
Hyundai Auto Lease Securitization Trust 2018-A2.810% 04/15/20210.3%
Citibank Credit Card Issuance Trust1.920% 04/07/20220.3%
Entergy Corp.0.000% 02/10/20200.3%
Marriott International, Inc.0.000% 01/27/20200.3%
Toronto-Dominion Bank2.700% 07/30/20210.3%
Huntington Ingalls Industries, Inc.0.000% 12/04/20190.3%
Citibank, Inc.2.829% 07/23/20210.3%
KeyBank NA2.913% 02/01/20220.3%
Constellation Brands, Inc.2.858% 11/15/20210.3%
AbbVie, Inc.2.355% 11/19/20210.3%
General Electric Co.2.931% 01/09/20200.3%
Daimler Finance North America LLC3.058% 02/15/20220.3%
HSBC Holdings plc2.724% 05/18/20210.3%
General Motors Financial Co., Inc.0.000% 01/31/20200.3%
CRH America Finance, Inc.0.000% 12/05/20190.3%
Jabil, Inc.0.000% 02/24/20200.3%
Goldman Sachs Group, Inc.3.250% 12/13/20190.3%
Honda Auto Receivables 2019-1 Owner Trust2.750% 09/20/20210.3%
SunTrust Banks, Inc.2.714% 05/17/20220.3%
BMW US Capital LLC2.676% 08/13/20210.3%
JPMorgan Chase & Co.3.618% 03/01/20210.3%
Goldman Sachs Group, Inc.3.036% 10/31/20220.3%
Entergy Corp.0.000% 01/10/20200.3%
Mylan, Inc.0.000% 12/02/20190.3%
AbbVie, Inc.2.245% 05/21/20210.3%
BMW Vehicle Lease Trust 2019-12.790% 03/22/20210.3%
Nissan Motor Acceptance Corp.3.016% 09/21/20210.3%
Citigroup, Inc.3.710% 03/30/20210.3%
Dominion Gas Holdings LLC2.719% 06/15/20210.3%
Canadian Tire Corp Ltd0.000% 12/06/20190.3%
Daimler Finance North America LLC2.611% 02/12/20210.3%
Master Credit Card Trust II2.260% 07/21/20210.3%
Regions Bank, Birmingham, AL2.676% 08/13/20210.3%
Carvana Auto Receivables Trust 2019-32.420% 04/15/20220.3%
National Australia Bank Ltd.2.690% 01/12/20210.3%
AT&T, Inc.0.000% 12/02/20190.2%
DuPont de Nemours Inc0.000% 01/02/20200.2%
General Motors Financial Co., Inc.3.233% 04/13/20200.2%
Jabil, Inc.0.000% 02/28/20200.2%
Golden Credit Card Trust2.215% 12/15/20220.2%
DLL 2019-3 LLC2.130% 01/20/20220.2%
Campbell Soup Co.0.000% 02/06/20200.2%
BMW US Capital LLC2.833% 04/14/20220.2%
Ventas Realty L.P.0.000% 01/24/20200.2%
First Investors Auto Owner Trust 2019-22.210% 09/16/20240.2%
Ford Credit Auto Lease Trust 2018-A2.930% 06/15/20210.2%
Marriott International, Inc.2.738% 12/01/20200.2%
NextEra Energy Capital Holdings, Inc.2.694% 08/28/20210.2%
Discover Card Execution Note Trust2.255% 07/15/20240.2%
Union Bank N.A.3.072% 03/07/20220.2%
Sumitomo Mitsui Banking Corp2.692% 10/16/20200.2%
Bank of Montreal2.678% 01/22/20210.2%
Huntington National Bank2.454% 02/05/20210.2%
Jackson National Life Global Funding2.720% 03/16/20210.2%
American Express Credit Account Master Trust1.930% 09/15/20220.2%
Westlake Automobile Receivables Trust 2019-13.510% 05/16/20220.2%
Santander Drive Auto Receivables Trust 2018-43.270% 01/17/20230.2%
Bank of Montreal2.534% 09/10/20210.2%
Caterpillar Financial Services Corp.2.514% 05/17/20210.2%
Royal Bank of Canada2.653% 07/08/20210.2%
Toronto-Dominion Bank2.540% 12/01/20220.2%
Bank of New York Mellon/The2.413% 06/04/20210.2%
BMW Finance NV2.965% 08/12/20220.2%
PNC Bank NA2.763% 06/10/20210.2%
Wells Fargo Bank, N.A.2.798% 09/09/20220.2%
Capital One Multi-Asset Execution Trust2.000% 01/17/20230.2%
Caterpillar Financial Services Corp.2.412% 03/08/20210.2%
BNP Paribas S.A.2.568% 08/07/20210.2%
Dow Chemical Co.0.000% 12/31/20190.2%
AT&T, Inc.0.000% 12/06/20190.2%
Bell Canada, Inc.0.000% 01/10/20200.2%
Southern Power Co2.937% 12/20/20200.2%
Vodafone Group plc0.000% 12/02/20190.2%
E.I. du Pont de Nemours & Co.0.000% 12/26/20190.2%
FMC Technologies, Inc.0.000% 12/12/20190.2%
PVH Corp.0.000% 12/09/20190.2%
Martin Marietta Materials, Inc.2.800% 05/22/20200.2%
Marriott International, Inc.0.000% 01/28/20200.2%
DNB Bank ASA2.527% 12/02/20220.2%
Humana, Inc.0.000% 01/30/20200.2%
Boston Scientific Corp.0.000% 02/07/20200.2%
PVH Corp.0.000% 12/04/20190.2%
Broadcom Inc0.000% 01/09/20200.2%
PVH Corp.0.000% 12/11/20190.2%
Walgreen Co.0.000% 02/11/20200.2%
Bell Canada, Inc.0.000% 02/26/20200.2%
Nissan Master Owner Trust Receivables2.195% 04/18/20220.2%
American Express Co.2.756% 05/20/20220.2%
Citibank, Inc.2.736% 05/20/20220.2%
Royal Caribbean Cruises Ltd.0.000% 01/14/20200.2%
AbbVie, Inc.2.545% 11/21/20220.2%
Drive Auto Receivables Trust 2019-42.160% 05/15/20230.2%
Westlake Automobile Receivables Trust 2019-23.060% 02/15/20230.2%
Santander Drive Auto Receivables Trust 2018-33.510% 08/15/20230.2%
Santander Drive Auto Receivables Trust 2018-23.350% 07/17/20230.2%
Broadcom Inc0.000% 12/05/20190.2%
Santander Drive Auto Receivables Trust 2015-44.540% 11/15/20220.2%
Drive Auto Receivables Trust 2018-53.680% 07/15/20230.2%
Arrow Electronics, Inc.0.000% 12/26/20190.2%
EnCana Corp.0.000% 01/29/20200.2%
Manufacturers & Traders Trust Co2.915% 12/28/20200.2%
Vulcan Materials Co.2.559% 03/01/20210.2%
BAT International Finance plc0.000% 12/04/20190.2%
Hawaiian Electric Co., Inc.0.000% 12/23/20190.2%
World Omni Select Auto Trust 2018-13.460% 03/15/20230.2%
Ford Motor Credit Co. LLC3.012% 01/09/20200.2%
USAA Auto Owner Trust 2019-12.260% 02/15/20220.2%
GE Dealer Floorplan Master Note Trust2.374% 01/20/20220.2%
Ford Credit Floorplan Master Owner Trust A2.390% 08/15/20220.2%
PVH Corp.0.000% 12/19/20190.2%
Martin Marietta Materials, Inc.2.887% 12/20/20190.2%
Discover Card Execution Note Trust1.880% 02/15/20230.2%
AT&T, Inc.3.260% 06/30/20200.2%
Ford Credit Floorplan Master Owner Trust A2.160% 09/15/20220.2%
Santander Drive Auto Receivables Trust 2016-15.020% 06/15/20230.2%
Wells Fargo Bank, N.A.2.788% 10/22/20210.2%
Huntington Ingalls Industries, Inc.0.000% 12/02/20190.2%
Canadian Imperial Bank of Commerce2.599% 10/05/20200.2%
Fifth Third Auto Trust 2019-12.660% 05/16/20220.2%
New York Life Global Funding2.780% 07/12/20220.2%
Honeywell International, Inc.2.557% 08/08/20220.2%
Boston Scientific Corp.0.000% 12/06/20190.2%
BAT International Finance plc0.000% 12/03/20190.2%
Cigna Corp0.000% 12/05/20190.2%
Arrow Electronics, Inc.0.000% 12/02/20190.2%
Drive Auto Receivables Trust 2019-42.230% 01/16/20240.2%
Goldman Sachs Group, Inc.3.636% 04/23/20210.2%
Humana, Inc.0.000% 02/14/20200.2%
BAT International Finance plc0.000% 12/09/20190.2%
Walgreen Co.0.000% 04/24/20200.2%
Compass Bank3.181% 06/11/20210.2%
Manufacturers & Traders Trust Co2.549% 12/01/20210.2%
Sempra Energy2.803% 01/15/20210.2%
Prestige Auto Receivables Trust 2019-12.440% 07/15/20220.2%
Daimler Finance North America LLC2.933% 01/06/20200.2%
Laclede Group, Inc.0.000% 12/02/20190.2%
EnCana Corp.0.000% 01/02/20200.2%
Master Credit Card Trust2.202% 07/21/20220.2%
UBS AG London2.618% 12/01/20200.2%
Entergy Corp.0.000% 12/13/20190.2%
Boston Scientific Corp.0.000% 01/13/20200.2%
Santander Drive Auto Receivables Trust 2018-12.630% 07/15/20220.2%
Marriott International, Inc.0.000% 12/10/20190.2%
Protective Life Global Funding2.850% 06/28/20210.2%
Daimler Finance North America LLC2.677% 05/04/20200.2%
AmeriCredit Automobile Receivables Trust 2019-32.170% 01/18/20230.2%
Toronto-Dominion Bank3.358% 12/14/20200.2%
Credit Agricole Corporate & Investment Bank SA2.957% 10/03/20210.2%
AIG Global Funding2.590% 01/22/20210.2%
ConAgra Brands, Inc.3.028% 10/22/20200.2%
Navistar Financial Dealer Note Master Owner Trust2.338% 09/25/20230.2%
First National Master Note Trust 2018-12.225% 10/15/20240.2%
Ford Motor Credit Co. LLC2.881% 10/12/20210.2%
Nissan Motor Acceptance Corp.2.930% 03/15/20210.2%
International Business Machines Corp.2.303% 05/13/20210.2%
Citizens Bank N.A.2.895% 02/14/20220.2%
Aviation Capital Group Corp.0.000% 12/03/20190.2%
BAT International Finance plc0.000% 12/23/20190.2%
Entergy Corp.0.000% 01/17/20200.2%
Branch Banking & Trust Co.2.980% 06/15/20200.2%
Nissan Auto Receivables 2017-C Owner Trust2.120% 04/18/20220.2%
Bank of Nova Scotia2.693% 07/14/20200.2%
Ford Credit Auto Owner Trust 2019-C1.880% 07/15/20220.2%
Synchrony Credit Card Master Note Trust2.370% 03/15/20230.2%
Campbell Soup Co.0.000% 01/22/20200.2%
World Financial Network Credit Card Master Trust3.070% 12/16/20240.2%
ING Groep NV3.480% 03/29/20220.2%
GM Financial Automobile Leasing Trust 2019-22.670% 06/21/20210.2%
Synchrony Credit Card Master Note Trust2.640% 03/15/20230.1%
Huntington National Bank2.963% 03/10/20200.1%
Campbell Soup Co.2.910% 03/16/20200.1%
Morgan Stanley3.208% 07/22/20220.1%
Goldman Sachs Group, Inc.3.041% 12/27/20200.1%
Humana, Inc.0.000% 01/14/20200.1%
Prestige Auto Receivables Trust 2019-12.450% 05/15/20230.1%
Toronto-Dominion Bank2.670% 09/17/20200.1%
GM Financial Consumer Automobile Receivables Trust2.990% 03/16/20220.1%
Bank of Nova Scotia2.718% 04/20/20210.1%
Wells Fargo & Co.3.473% 03/04/20210.1%
New York Life Global Funding2.559% 08/06/20210.1%
WGL Holdings, Inc.2.986% 03/12/20200.1%
ABN Amro Bank NV2.702% 08/27/20210.1%
Conn's Receivables Funding 2019-A LLC3.400% 10/16/20230.1%
Tyco Electronics Group S.A.2.929% 06/05/20200.1%
UBS Group AG3.439% 02/01/20220.1%
Marsh & McLennan Cos., Inc.3.304% 12/29/20210.1%
Royal Caribbean Cruises Ltd.0.000% 01/06/20200.1%
Volkswagen Group of America Finance LLC2.972% 09/24/20210.1%
Standard Chartered plc3.334% 09/10/20220.1%
BP Capital Markets plc2.160% 11/24/20200.1%
GMF Floorplan Owner Revolving Trust2.065% 03/15/20220.1%
General Motors Financial Co., Inc.0.000% 01/10/20200.1%
Mylan, Inc.0.000% 12/06/20190.1%
Mercedes-Benz Auto Lease Trust2.010% 12/15/20210.1%
Black Hills Corp.0.000% 01/23/20200.1%
Aviation Capital Group Corp.0.000% 01/10/20200.1%
Mondelez International, Inc.0.000% 02/21/20200.1%
FMC Technologies, Inc.0.000% 12/06/20190.1%
Sherwin-Williams Co.0.000% 12/23/20190.1%
Entergy Corp.0.000% 12/04/20190.1%
First Investors Auto Owner Trust 2019-12.890% 03/15/20240.1%
DuPont de Nemours Inc0.000% 01/03/20200.1%
PFS Financing Corp.2.165% 02/17/20220.1%
Walgreen Co.0.000% 03/30/20200.1%
Drive Auto Receivables Trust 2019-32.630% 09/15/20220.1%
Synchrony Credit Card Master Note Trust2.380% 09/15/20230.1%
Fifth Third Bank, OH2.707% 07/26/20210.1%
EnCana Corp.0.000% 01/30/20200.1%
GMF Floorplan Owner Revolving Trust2.130% 07/15/20220.1%
Conn's Receivables Funding 2019-B LLC2.660% 06/17/20240.1%
GM Financial Consumer Automobile Receivables Trust1.970% 05/16/20220.1%
EnCana Corp.0.000% 12/05/20190.1%
Santander Drive Auto Receivables Trust 2015-43.530% 08/16/20210.1%
JPMorgan Chase Bank NA2.607% 04/26/20210.1%
Entergy Corp.0.000% 01/28/20200.1%
US Bank NA2.442% 05/21/20210.1%
FMC Technologies, Inc.0.000% 12/13/20190.1%
SCF Equipment Leasing 2019-2 LLC2.220% 06/20/20240.1%
Westlake Automobile Receivables Trust 2018-33.320% 10/16/20230.1%
American Express Co.2.887% 11/05/20210.1%
Toyota Motor Credit Corp.2.843% 01/08/20210.1%
Royal Bank of Canada2.726% 04/29/20220.1%
TD Ameritrade Holding Corp.2.683% 11/01/20210.1%
Golden Credit Card Trust1.980% 04/15/20220.1%
DLL 2018-1 LLC3.100% 04/18/20220.1%
Chesapeake Funding II LLC2.120% 11/15/20290.1%
General Mills, Inc.2.862% 04/16/20210.1%
Eni Finance USA, Inc.0.000% 02/20/20200.1%
American Honda Finance Corp.2.714% 06/11/20210.1%
John Deere Capital Corp.2.622% 06/13/20220.1%
Comcast Corp.2.649% 10/01/20200.1%
Australia & New Zealand Banking Group Ltd.2.385% 11/21/20220.1%
DuPont de Nemours Inc0.000% 12/20/20190.1%
Campbell Soup Co.0.000% 01/15/20200.1%
PVH Corp.0.000% 12/05/20190.1%
PVH Corp.0.000% 12/06/20190.1%
Marriott International, Inc.0.000% 01/29/20200.1%
Eni Finance USA, Inc.0.000% 01/24/20200.1%
Eni Finance USA, Inc.0.000% 01/27/20200.1%
Public Service Enterprise Group, Inc.0.000% 01/23/20200.1%
Eni Finance USA, Inc.0.000% 02/11/20200.1%
Eni Finance USA, Inc.0.000% 02/21/20200.1%
General Motors Financial Co., Inc.0.000% 02/12/20200.1%
Boston Scientific Corp.0.000% 01/24/20200.1%
UBS AG London3.031% 06/08/20200.1%
GMF Floorplan Owner Revolving Trust2.580% 01/18/20220.1%
Westlake Automobile Receivables Trust 2016-33.580% 01/18/20220.1%
AmeriCredit Automobile Receivables 2015-43.720% 12/08/20210.1%
Americredit Automobile Receivables Trust 2019-12.023% 06/20/20220.1%
Nissan Motor Acceptance Corp.2.720% 09/28/20200.1%
Campbell Soup Co.0.000% 02/03/20200.1%
Entergy Corp.0.000% 02/14/20200.1%
Public Service Enterprise Group, Inc.0.000% 02/20/20200.1%
Mercedes-Benz Master Owner Trust 2018-BA2.105% 05/15/20230.1%
Santander Drive Auto Receivables Trust 2018-23.030% 09/15/20220.1%
FMC Technologies, Inc.0.000% 12/03/20190.1%
Citigroup, Inc.3.456% 08/02/20210.1%
Boston Scientific Corp.0.000% 02/04/20200.1%
EnCana Corp.0.000% 01/16/20200.1%
Constellation Brands, Inc.0.000% 01/29/20200.1%
Canadian Tire Corp Ltd0.000% 12/18/20190.1%
Lloyds Bank plc2.699% 05/07/20210.1%
Hawaiian Electric Industries, Inc.0.000% 12/02/20190.1%
Harley-Davidson Financial Services Inc2.652% 05/21/20200.1%
Americredit Automobile Receivables Trust 2019-12.930% 06/20/20220.1%
Federation des Caisses Desjardins du Quebec2.596% 10/30/20200.1%
Capital Auto Receivables Asset Trust 2018-12.790% 01/20/20220.1%
CNH Capital LLC0.000% 01/14/20200.1%
Motorola Solutions, Inc.0.000% 12/03/20190.1%
Motorola Solutions, Inc.0.000% 12/18/20190.1%
Mitsubishi UFJ Financial Grp, Inc.2.917% 07/26/20210.1%
Viacom, Inc.0.000% 12/02/20190.1%
Gracechurch Card Funding PLC2.165% 07/15/20220.1%
American Express Credit Account Master Trust1.770% 11/15/20220.1%
Amur Equipment Finance Receivables VII LLC2.630% 06/20/20240.1%
DuPont de Nemours Inc2.868% 11/15/20200.1%
Goldman Sachs Group, Inc.3.902% 02/25/20210.1%
John Deere Capital Corp.2.872% 06/07/20210.1%
Walt Disney Co/The2.502% 09/01/20220.1%
MPLX L.P.3.002% 09/09/20210.1%
CRH America Finance, Inc.0.000% 12/06/20190.1%
Canadian Pacific Railway Co.0.000% 12/19/20190.1%
Entergy Corp.0.000% 12/09/20190.1%
Eni Finance USA, Inc.0.000% 12/02/20190.1%
CNH Capital LLC0.000% 01/08/20200.1%
FMC Technologies, Inc.0.000% 12/05/20190.1%
Albemarle Corp.2.959% 11/15/20220.1%
Black Hills Corp.0.000% 01/22/20200.1%
Constellation Brands, Inc.0.000% 01/22/20200.1%
CNH Capital LLC0.000% 04/17/20200.1%
Pentair Finance SA0.000% 12/04/20190.1%
Morgan Stanley3.390% 06/16/20200.1%
Nissan Motor Acceptance Corp.3.193% 01/13/20220.1%
Arrow Electronics, Inc.0.000% 12/23/20190.1%
EnCana Corp.0.000% 01/21/20200.1%
Boston Scientific Corp.0.000% 01/17/20200.1%
Drive Auto Receivables Trust4.180% 03/15/20240.1%
DLL Securitization Trust 2017-A2.140% 12/15/20210.1%
Ford Credit Auto Owner Trust 2019-A2.780% 02/15/20220.1%
Flagship Credit Auto Trust 2018-33.070% 02/15/20230.1%
CPS Auto Receivables Trust 2019-A3.180% 06/15/20220.1%
CarMax Auto Owner Trust1.600% 06/15/20220.1%
Phillips 662.732% 02/26/20210.1%
Manufacturers & Traders Trust Co2.546% 01/25/20210.1%
American Express Credit Account Master Trust2.215% 09/16/20240.1%
Regions Bank, Birmingham, AL2.699% 04/01/20210.1%
Hyundai Capital America0.000% 12/11/20190.1%
Drive Auto Receivables Trust 2019-22.930% 03/15/20220.1%
Experian Finance PLC0.000% 02/18/20200.1%
Motorola Solutions, Inc.0.000% 12/27/20190.1%
World Omni Automobile Lease Securitization Trust 22.830% 07/15/20210.1%
Drive Auto Receivables Trust4.160% 05/15/20240.1%
Vulcan Materials Co.3.010% 06/15/20200.1%
Hyundai Auto Receivables Trust 2019-B1.930% 07/15/20220.1%
SL Green Operating Partnership L.P.3.148% 08/16/20210.1%
Barclays Dryrock Issuance Trust2.065% 05/15/20230.1%
Constellation Brands, Inc.0.000% 12/09/20190.1%
Daimler Finance North America LLC3.030% 02/22/20220.1%
Constellation Brands, Inc.0.000% 01/15/20200.1%
GM Financial Automobile Leasing Trust 2019-22.670% 03/21/20220.1%
BMW Floorplan Master Owner Trust3.150% 05/15/20230.1%
Motorola Solutions, Inc.0.000% 12/11/20190.1%
Ally Master Owner Trust3.290% 05/15/20230.1%
Toronto-Dominion Bank2.516% 01/25/20210.1%
Synchrony Credit Card Master Note Trust3.360% 03/15/20240.1%
Textron, Inc.2.731% 11/10/20200.1%
Eni Finance USA, Inc.0.000% 01/17/20200.1%
Morgan Stanley3.396% 01/27/20200.1%
TransCanada Pipelines Ltd.0.000% 03/23/20200.1%
Ford Motor Credit Co. LLC2.853% 04/05/20210.1%
Discover Card Execution Note Trust1.900% 10/17/20220.1%
SunTrust Banks, Inc.2.767% 10/26/20210.1%
General Electric Co.2.740% 03/28/20200.1%
Citigroup, Inc.3.577% 10/26/20200.1%
Danske Bank A/S2.648% 03/02/20200.1%
Daimler Finance North America LLC2.817% 05/05/20200.1%
Santander UK plc2.758% 06/01/20210.1%
NextGear Floorplan Master Owner Trust2.365% 10/15/20230.1%
Capital Auto Receivables Asset Trust 2018-12.930% 06/20/20220.1%
Enbridge, Inc.2.738% 01/10/20200.1%
Navient Private Education Refi Loan Trust 2019-A3.030% 01/15/20430.1%
Bristol-Myers Squibb Co.2.368% 11/16/20200.1%
Walt Disney Co/The2.362% 09/01/20210.1%
SCF Equipment Leasing 2019-1 LLC3.040% 03/20/20230.1%
Motorola Solutions, Inc.0.000% 12/26/20190.1%
BAT International Finance plc0.000% 12/05/20190.1%
Royal Caribbean Cruises Ltd.0.000% 01/22/20200.1%
Drive Auto Receivables Trust3.340% 09/15/20220.1%
EnCana Corp.0.000% 12/04/20190.1%
Santander Drive Auto Receivables Trust 2016-24.380% 09/15/20230.1%
Entergy Corp.0.000% 12/03/20190.1%
Capital One Multi-Asset Execution Trust2.275% 09/16/20240.1%
Eni Finance USA, Inc.0.000% 02/18/20200.1%
PFS Financing Corp.2.400% 10/17/20220.1%
Drive Auto Receivables Trust 2018-23.630% 08/15/20240.1%
NextGear Floorplan Master Owner Trust2.540% 04/18/20220.1%
Phillips 663.053% 04/15/20200.1%
EnCana Corp.0.000% 12/03/20190.1%
Boston Scientific Corp.0.000% 01/31/20200.1%
Chase Issuance Trust1.965% 04/17/20230.1%
Santander Drive Auto Receivables Trust 2018-53.520% 12/15/20220.1%
General Electric Co.3.103% 04/15/20200.1%
Citizens Bank N.A.2.678% 03/02/20200.1%
GM Financial Automobile Leasing Trust 2019-12.910% 04/20/20210.1%
Harris Corp.2.746% 04/30/20200.1%
Capital Auto Receivables Asset Trust 2018-23.270% 06/20/20230.1%
Santander Drive Auto Receivables Trust 2016-32.800% 08/15/20220.1%
EnCana Corp.0.000% 01/14/20200.1%
Santander Drive Auto Receivables Trust 2015-53.650% 12/15/20210.1%
Australia & New Zealand Banking Group Ltd.2.584% 05/17/20210.1%
American Credit Acceptance Receivables Trust 2019-3.320% 04/12/20230.1%
Comcast Corp.2.759% 10/01/20210.1%
Ford Credit Floorplan Master Owner Trust A1.980% 01/15/20220.1%
Wabtec Corp.3.710% 09/15/20210.1%
Marlette Funding Trust 2018-43.710% 12/15/20280.1%
Foursight Capital Automobile Receivables Trust 2013.320% 04/15/20220.1%
Chesapeake Funding II LLC2.105% 08/15/20290.1%
Americredit Automobile Receivables Trust 2018-22.860% 11/18/20210.1%
Flagship Credit Auto Trust 2018-22.970% 10/17/20220.1%
Capital Auto Receivables Asset Trust 2018-23.020% 02/22/20210.1%
Citibank, Inc.2.578% 10/20/20200.1%
Boston Scientific Corp.0.000% 01/10/20200.1%
CPS Auto Trust3.310% 12/15/20220.1%
DLL 2018-2 LLC3.140% 10/20/20200.1%
Express Scripts Holding Co.2.874% 11/30/20200.1%
Amur Equipment Finance Receivables VI LLC3.890% 07/20/20220.1%
BAT Capital Corp2.765% 08/14/20200.0%
Capital One Financial Corp.2.664% 05/12/20200.0%
Daimler Finance North America LLC2.837% 05/04/20210.0%
ConAgra Brands, Inc.2.811% 10/09/20200.0%
Branch Banking & Trust Co.2.129% 06/01/20200.0%
Santander UK plc2.587% 11/03/20200.0%
Citibank Credit Card Issuance Trust2.880% 01/23/20230.0%
Huntington Ingalls Industries, Inc.0.000% 12/03/20190.0%
PVH Corp.0.000% 12/18/20190.0%
Marlette Funding Trust 2018-33.200% 09/15/20280.0%
Aviation Capital Group Corp.0.000% 01/06/20200.0%
Dell Equipment Finance Trust 2018-12.970% 10/22/20200.0%
ABN Amro Bank NV2.713% 01/19/20210.0%
World Omni Select Auto Trust 2018-13.240% 04/15/20220.0%
Aviation Capital Group Corp.3.082% 06/01/20210.0%
American Express Credit Account Master Trust2.670% 10/17/20220.0%
QUALCOMM, Inc.2.686% 05/20/20200.0%
Lloyds Banking Group plc3.186% 06/21/20210.0%
Aviation Capital Group Corp.2.936% 07/30/20210.0%
Bayer US Finance II LLC2.979% 06/25/20210.0%
American Express Credit Corp.3.478% 09/14/20200.0%
FREED ABS TRUST 2018-23.990% 10/20/20250.0%
General Motors Financial Co., Inc.3.853% 01/14/20220.0%
Australia & New Zealand Banking Group Ltd.2.505% 11/09/20200.0%
Becton, Dickinson & Co.3.194% 12/29/20200.0%
BMW US Capital LLC2.683% 04/06/20220.0%
ACC Trust 2019-13.750% 05/20/20220.0%
E.I. du Pont de Nemours & Co.0.000% 12/31/20190.0%
TELUS Corp.0.000% 02/04/20200.0%
General Motors Financial Co., Inc.0.000% 02/28/20200.0%
Conn's Receivables Funding 2018-A LLC3.250% 01/15/20230.0%
Master Credit Card Trust II3.400% 01/21/20220.0%
BA Credit Card Trust1.950% 08/15/20220.0%
Huntington Ingalls Industries, Inc.0.000% 12/05/20190.0%
California Republic Auto Receivables Trust 2017-12.280% 06/15/20220.0%
Drive Auto Receivables Trust3.720% 09/16/20240.0%
Branch Banking & Trust Co.3.018% 01/15/20200.0%
Enterprise Fleet Financing LLC2.870% 10/20/20230.0%
Westlake Automobile Receivables Trust 2018-32.980% 01/18/20220.0%
Barclays Dryrock Issuance Trust2.095% 07/15/20240.0%
Drive Auto Receivables Trust3.360% 10/17/20220.0%
Aviation Capital Group Corp.0.000% 12/13/20190.0%
General Motors Financial Co., Inc.3.863% 01/15/20200.0%
Daimler Finance North America LLC2.600% 02/22/20210.0%
First Investors Auto Owner Trust 2018-23.230% 12/15/20220.0%
Americredit Automobile Receivables Trust 2018-33.110% 01/18/20220.0%
Americredit Automobile Receivables Trust 2018-32.013% 01/18/20220.0%
Toyota Auto Receivables 2018-A Owner Trust2.350% 05/16/20220.0%
Drive Auto Receivables Trust4.530% 08/15/20230.0%
Drive Auto Receivables Trust3.720% 10/17/20220.0%
Sofi Professional Loan Program 2018-B Trust2.640% 08/25/20470.0%
Morgan Stanley3.678% 04/21/20210.0%
Commonwealth Bank of Australia2.802% 09/18/20200.0%
Nissan Motor Acceptance Corp.2.693% 07/13/20200.0%
SCF Equipment Leasing 2018-1 LLC3.630% 10/20/20240.0%
AmeriCredit Automobile Receivables Trust 2016-32.710% 09/08/20220.0%
Nissan Motor Acceptance Corp.2.883% 01/13/20200.0%
CarMax Auto Owner Trust3.110% 08/15/20220.0%
Becton, Dickinson & Co.3.164% 06/06/20220.0%
AmeriCredit Automobile Receivables Trust 2017-42.040% 07/18/20220.0%
PFS Financing Corp.2.365% 02/17/20220.0%
CPS Auto Receivables Trust 2014-C4.830% 08/17/20200.0%
GE Capital International Funding Co.2.342% 11/15/20200.0%
Honda Auto Receivables 2017-3 Owner Trust1.790% 09/20/20210.0%
Springleaf Funding Trust 2016-A2.900% 11/15/20290.0%
Capital Auto Receivables Asset Trust 2018-23.480% 10/20/20230.0%
Wells Fargo Bank, N.A.2.752% 05/27/20220.0%
Constellation Brands, Inc.0.000% 01/24/20200.0%
CPS Auto Receivables Trust 2016-C5.920% 06/15/20220.0%
Westlake Automobile Receivables Trust 2018-23.500% 01/16/20240.0%
Ford Motor Credit Co. LLC2.696% 11/02/20200.0%
Foursight Capital Automobile Receivables Trust 2013.240% 09/15/20220.0%
Verizon Owner Trust 2017-12.450% 09/20/20210.0%
World Financial Network Credit Card Master Trust2.550% 06/17/20240.0%
General Motors Co.3.009% 08/07/20200.0%
Sofi Professional Loan Program 2018-A LLC2.390% 02/25/20420.0%
GATX Corp.3.007% 11/05/20210.0%
Walgreen Co.0.000% 04/23/20200.0%
AvalonBay Communities, Inc.2.433% 01/15/20210.0%
UBS Group AG3.575% 09/24/20200.0%
Drive Auto Receivables Trust3.660% 11/15/20240.0%
American Express Co.2.596% 10/30/20200.0%
AT&T, Inc.3.253% 07/15/20210.0%
National Australia Bank Ltd.2.967% 09/20/20210.0%
SMB Private Education Loan Trust 2018-B2.085% 12/16/20240.0%
EnCana Corp.0.000% 01/15/20200.0%
Ascentium Equipment Receivables 2017-1 Trust2.290% 06/10/20210.0%
FREED ABS TRUST 2018-13.610% 07/18/20240.0%
KeyBank NA2.960% 11/22/20210.0%
Chesapeake Funding II LLC2.105% 11/15/20290.0%
Wheels SPV 2 LLC3.060% 04/20/20270.0%
AT&T, Inc.2.634% 01/15/20200.0%
CPS Auto Trust3.430% 07/15/20220.0%
Exeter Automobile Receivables Trust 2016-34.220% 06/15/20220.0%
Smithfield Foods, Inc.2.700% 01/31/20200.0%
Pentair Finance SA2.650% 12/01/20190.0%
GM Financial Automobile Leasing Trust 2017-22.430% 06/21/20210.0%
PTL Finance Corp.3.050% 01/09/20200.0%
Walgreen Co.0.000% 02/21/20200.0%
CVS Caremark Corp.3.083% 03/09/20200.0%
American Credit Acceptance Receivables Trust 2018-3.550% 04/10/20240.0%
PNC Bank NA2.528% 01/22/20210.0%
First National Master Note Trust 2017-22.205% 10/16/20230.0%
General Motors Financial Co., Inc.0.000% 12/02/20190.0%
CVS Caremark Corp.3.173% 03/09/20210.0%
United Technologies Corp.2.818% 08/16/20210.0%
Volkswagen Group of America Finance LLC3.121% 11/12/20210.0%
Citibank, Inc.2.936% 06/12/20200.0%
Danske Bank A/S2.648% 03/02/20200.0%
CPS Auto Receivables Trust 2016-C3.270% 06/15/20220.0%
Royal Bank of Canada2.507% 10/26/20200.0%
General Electric Co.2.500% 03/28/20200.0%
American Credit Acceptance Receivables Trust 2016-4.260% 08/12/20220.0%
Citizens Bank N.A.2.727% 05/26/20220.0%
Goldman Sachs Group, Inc.3.610% 09/15/20200.0%
Westlake Automobile Receivables Trust 2018-12.920% 05/15/20230.0%
Santander Drive Auto Receivables Trust 2016-32.460% 03/15/20220.0%
Mississippi Power Co.2.961% 03/27/20200.0%
AmeriCredit Automobile Receivables Trust 2016-32.240% 04/08/20220.0%
Westgate Resorts 2018-1 LLC3.380% 12/20/20310.0%
Jackson National Life Global Funding2.931% 06/11/20210.0%
BMW US Capital LLC2.683% 04/06/20200.0%
Capital Auto Receivables Asset Trust 2017-12.020% 08/20/20210.0%
Wells Fargo Bank, N.A.2.613% 01/15/20210.0%
Citigroup, Inc.3.523% 12/08/20210.0%
MMAF Equipment Finance LLC 2014-A1.590% 02/08/20220.0%
SOFI PROFESSIONAL LOAN PROGRAM 2017-F LLC2.050% 01/25/20410.0%
Chesapeake Funding II LLC1.990% 05/15/20290.0%
Citizens Bank N.A.2.702% 05/26/20200.0%
CPS Auto Trust2.870% 09/15/20210.0%
ING Bank NV3.094% 08/17/20200.0%
Assurant, Inc.3.583% 03/26/20210.0%
OneMain Financial Issuance Trust 2016-1A3.660% 02/20/20290.0%
CPS Auto Receivables Trust 2017-D2.430% 01/18/20220.0%
DLL 2018-1 LLC2.810% 11/17/20200.0%
Flagship Credit Auto Trust 2016-13.910% 06/15/20220.0%
Americredit Automobile Receivables Trust 2016-41.830% 12/08/20210.0%
World Omni Automobile Lease Securitization Trust 22.480% 08/15/20220.0%
Capital Auto Receivables Asset Trust3.340% 03/22/20210.0%
CarMax Auto Owner Trust1.400% 08/15/20210.0%
CPS Auto Receivables Trust 2018-A2.770% 04/18/20220.0%
Drive Auto Receivables Trust 2017-22.750% 09/15/20230.0%
HSBC Holdings plc3.792% 05/25/20210.0%
Santander Drive Auto Receivables Trust 2016-23.390% 04/15/20220.0%
Canadian Imperial Bank of Commerce2.581% 02/02/20210.0%
CPS Auto Receivables Trust 2018-B3.230% 07/15/20220.0%
Chesapeake Funding II LLC2.215% 05/15/20290.0%
CPS Auto Receivables Trust 2018-B2.720% 09/15/20210.0%
CCG Receivables Trust 2018-12.500% 06/16/20250.0%
Capital Auto Receivables Asset Trust 2015-43.620% 05/20/20210.0%
Exeter Automobile Receivables Trust 2017-13.950% 12/15/20220.0%
Master Credit Card Trust II2.560% 07/21/20210.0%
SoFi Professional Loan Program 2017-E LLC1.860% 11/26/20400.0%
Drive Auto Receivables Trust 2017-12.840% 04/15/20220.0%
Chesapeake Funding II LLC1.910% 08/15/20290.0%
Drive Auto Receivables Trust2.980% 01/18/20220.0%
California Republic Auto Receivables Trust 2015-42.580% 06/15/20210.0%
Avid Automobile Receivables Trust 2018-12.840% 08/15/20230.0%
SoFi Consumer Loan Program 2016-2 LLC3.090% 10/27/20250.0%
Barclays Dryrock Issuance Trust 2017-12.095% 03/15/20230.0%
Drive Auto Receivables Trust 2017-32.800% 07/15/20220.0%
Enterprise Fleet Financing LLC1.970% 01/20/20230.0%
Flagship Credit Auto Trust 2017-42.070% 04/15/20220.0%
Capital Auto Receivables Asset Trust 2016-22.110% 03/22/20210.0%
AmeriCredit Automobile Receivables Trust 2016-31.800% 10/08/20210.0%
Access Point Funding I 2017-1 LLC3.060% 04/15/20290.0%
Flagship Credit Auto Trust 2017-31.880% 10/15/20210.0%
ACC Trust 2018-13.700% 12/21/20200.0%
AmeriCredit Automobile Receivables Trust 2015-32.730% 03/08/20210.0%
TCF Auto Receivables Owner Trust 2016-PT11.930% 06/15/20220.0%
Enterprise Fleet Financing LLC2.130% 07/20/20220.0%
California Republic Auto Receivables Trust 2016-21.830% 12/15/20210.0%
California Republic Auto Receivables Trust 2018-12.860% 03/15/20210.0%
Sofi Professional Loan Program 2017-C LLC1.750% 07/25/20400.0%
Toyota Auto Receivables 2016-D Owner Trust1.230% 10/15/20200.0%
Carmax Auto Owner Trust1.390% 05/17/20210.0%
Engs Commercial Finance Trust2.630% 02/22/20220.0%
First Investors Auto Owner Trust 2016-21.870% 11/15/20210.0%
Nissan Auto Receivables 2016-B Owner Trust1.320% 01/15/20210.0%
CPS Auto Receivables Trust 2017-C2.300% 07/15/20210.0%

Dividends & Cap Gains

Dividends & Cap Gains

DIVIDEND PAYMENTS

DIVIDEND PAYMENTS

For
YTD Dividends Paidas of 01/24/2020
$0
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 12/31/2019 $0.01661 $10.03
Daily Daily 11/30/2019 $0.01680 $10.03
Daily Daily 10/31/2019 $0.01821 $10.03
Daily Daily 09/30/2019 $0.01870 $10.02
Daily Daily 08/31/2019 $0.01962 $10.03
Daily Daily 07/31/2019 $0.02047 $10.02
Daily Daily 06/30/2019 $0.02070 $10.02
Daily Daily 05/31/2019 $0.02159 $10.02
Daily Daily 04/30/2019 $0.02131 $10.02
Daily Daily 03/31/2019 $0.02245 $10.01
Daily Daily 02/28/2019 $0.02092 $10.01
Daily Daily 01/31/2019 $0.02216 $10.00

Upcoming Dividend Payment Dates

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

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 01/31/2020
Daily Daily 02/29/2020
Daily Daily 03/31/2020
Daily Daily 04/30/2020
Daily Daily 05/31/2020
Daily Daily 06/30/2020
Daily Daily 07/31/2020
Daily Daily 08/31/2020
Daily Daily 09/30/2020
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

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
12/17/2020 12/18/2020

Fees & Expenses

Fees & Expenses

EXPENSE RATIOas of 12/31/2019

Expense ratio details, Click here.

Fund Documents

Fund Documents

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Summary Prospectus
Publish Date:11/03/2015
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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.

 

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.

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.

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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