Ultra Short Bond Fund

LUBAX

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Daily price w/o sales charge as of 05/20/2019

$10.02

$0.00

YTD Returns w/o sales charge as of 05/20/2019

1.31%

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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 05/20/2019

	Subsidized³	Un-Subsidized³
w/o sales charge	2.49%	2.42%
w/ sales charge	-	-

30-Day Standardized Yield ² as of 04/30/2019

	Subsidized⁵	Un-Subsidized⁶
w/o sales charge	2.51%	2.46%

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

Expense Ratioas of 04/30/2019

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 04/30/2019

Total Net Assets: $16.40 B
Inception Date: 10/17/2016
Dividend Frequency: Monthly (Daily Accrual)
Number of Holdings: 670
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	1.17%	2.62%	-	-	-	1.85%
Lipper Category Avg. Ultra-Short Obligations Funds	1.24%	2.46%	-	-	-	-
ICE BofAML U.S. Treasury Bill Index	0.82%	2.23%	-	-	-	1.41%

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	0.86%	2.48%	-	-	-	1.78%
Lipper Category Avg. Ultra-Short Obligations Funds	0.96%	2.36%	-	-	-	-
ICE BofAML U.S. Treasury Bill Index	0.62%	2.17%	-	-	-	1.38%

Fund Expense Ratio :

Gross 0.49%

Net 0.42%

Credit Quality Distribution as of 04/30/2019 View Portfolio

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

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

INVESTMENT TEAM

Andrew H. O'Brien, CFA

Partner & Portfolio Manager

21 Years of Industry Experience

Kewjin Yuoh

Partner & Portfolio Manager

25 Years of Industry Experience

Adam C. Castle, CFA

Portfolio Manager

11 Years of Industry Experience

Yoana Koleva, CFA

Managing Director & Portfolio Manager

16 Years of Industry Experience

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

Your Representative

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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	1.17%	2.62%	-	-	-	1.85%
Lipper Category Avg. Ultra-Short Obligations Funds	1.24%	2.46%	-	-	-	-
ICE BofAML U.S. Treasury Bill Index	0.82%	2.23%	-	-	-	1.41%

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	0.86%	2.48%	-	-	-	1.78%
Lipper Category Avg. Ultra-Short Obligations Funds	0.96%	2.36%	-	-	-	-
ICE BofAML U.S. Treasury Bill Index	0.62%	2.17%	-	-	-	1.38%

Fund Expense Ratio :

Gross 0.49%

Net 0.42%

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 of future results.

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

2018	1.93%	1.88%
2017	1.42%	0.82%
2016	0.15%	0.37%

Year	Q1	Q2	Q3	Q4	Yearly Returns

2019	0.86%	-	-	-	1.31%
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.

Portfolio

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

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

CREDIT QUALITY DISTRIBUTION as of 04/30/2019

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

Portfolio Positioning as of 03/31/2019

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

Portfolio Details as of 04/30/2019

Total Net Assets: $16.40 B
Number of Issues: 670
Average Coupon: 2.17%
Average Life: 0.87 Years
Average Effective Duration: 0.25 Years

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

Holding	Coupon	Maturity	Assets

United States Treasury Bill	0.000%	05/30/2019	2.0%
Goldman Sachs Group, Inc.	3.932%	04/23/2020	1.4%
Morgan Stanley	3.168%	02/10/2021	1.4%
Citigroup, Inc.	3.573%	01/10/2020	1.2%
Northrop Grumman Corp.	0.000%	05/22/2019	1.0%
Wells Fargo & Co.	3.472%	07/22/2020	0.9%
Johnson Controls International plc	0.000%	05/01/2019	0.9%
JPMorgan Chase & Co.	3.418%	06/01/2021	0.9%
Broadcom Inc	0.000%	05/02/2019	0.9%
Glencore Funding LLC	0.000%	05/01/2019	0.8%

% of Total Assets			11.4%

Holding	Coupon	Maturity	Assets

United States Treasury Bill	0.000%	04/02/2019	2.0%
Morgan Stanley	3.168%	02/10/2021	1.3%
Citigroup, Inc.	3.573%	01/10/2020	1.2%
Northrop Grumman Corp.	0.000%	05/22/2019	1.0%
Macquarie Bank Ltd.	2.758%	04/04/2019	0.9%
Wells Fargo & Co.	3.349%	07/22/2020	0.9%
AutoNation, Inc.	0.000%	04/01/2019	0.8%
Boston Scientific Corp.	0.000%	04/23/2019	0.8%
Glencore Funding LLC	0.000%	05/01/2019	0.8%
Enbridge US Inc	0.000%	04/02/2019	0.8%
Ford Credit Auto Owner Trust 2014-REV2	2.310%	04/15/2026	0.7%
Bank of America NA	2.879%	08/28/2020	0.7%
World Financial Network Credit Card Master Trust	2.310%	08/15/2024	0.6%
Royal Caribbean Cruises Ltd.	0.000%	04/04/2019	0.6%
UBS AG London	3.027%	05/28/2019	0.6%
Sumitomo Mitsui Banking Corp	2.799%	01/17/2020	0.6%
Johnson Controls International plc	0.000%	04/25/2019	0.6%
JPMorgan Chase Bank NA	3.053%	02/19/2021	0.6%
Boston Scientific Corp.	0.000%	04/01/2019	0.6%
Molson Coors Brewing Co.	0.000%	04/08/2019	0.6%
Energy Transfer Partners L.P.	0.000%	04/03/2019	0.6%
Energy Transfer Partners L.P.	0.000%	04/01/2019	0.6%
Wells Fargo Bank, N.A.	2.666%	01/15/2020	0.6%
JPMorgan Chase & Co.	3.418%	06/01/2021	0.5%
Comcast Corp.	3.127%	10/01/2020	0.5%
NBCUniversal Enterprise, Inc.	3.197%	04/01/2021	0.5%
Bank of America Corp.	3.421%	07/21/2021	0.5%
Dollar Tree, Inc.	3.149%	04/17/2020	0.5%
Enbridge US Inc	0.000%	04/17/2019	0.5%
Trillium Credit Card Trust II	3.038%	01/26/2024	0.5%
Chesapeake Funding II LLC	2.964%	01/15/2031	0.5%
Jackson National Life Global Funding	2.736%	10/15/2020	0.5%
Metropolitan Life Global Funding I	3.034%	01/08/2021	0.5%
Cigna Corp	3.138%	03/17/2020	0.5%
Toronto-Dominion Bank	3.048%	09/17/2020	0.5%
Wells Fargo & Co.	3.200%	01/30/2020	0.5%
Goldman Sachs Group, Inc.	3.932%	04/23/2020	0.4%
Verizon Communications, Inc.	3.203%	05/22/2020	0.4%
JPMorgan Chase Bank NA	2.968%	09/01/2020	0.4%
Royal Bank of Canada	3.171%	01/25/2021	0.4%
PNC Bank NA	2.947%	03/12/2021	0.4%
HSBC Holdings plc	3.426%	09/11/2021	0.4%
Citibank, Inc.	3.213%	02/19/2022	0.4%
American Honda Finance Corp.	2.768%	10/19/2020	0.4%
Williams Cos., Inc.	0.000%	04/26/2019	0.4%
Wells Fargo Bank, N.A.	3.272%	07/23/2021	0.4%
BA Credit Card Trust	1.840%	01/17/2023	0.4%
Williams Cos., Inc.	0.000%	04/24/2019	0.4%
Entergy Corp.	0.000%	05/21/2019	0.4%
Citibank Credit Card Issuance Trust	1.920%	04/07/2022	0.4%
FMC Corp.	0.000%	04/12/2019	0.4%
Royal Caribbean Cruises Ltd.	0.000%	04/09/2019	0.4%
Capital One Multi-Asset Execution Trust	1.990%	07/17/2023	0.4%
GM Financial Consumer Automobile Receivables Trust	2.990%	03/16/2022	0.4%
Humana, Inc.	0.000%	05/13/2019	0.4%
Honda Auto Receivables 2019-1 Owner Trust	2.750%	09/20/2021	0.4%
Caterpillar Financial Services Corp.	2.896%	08/26/2020	0.4%
Dr. Pepper Snapple Group, Inc.	0.000%	05/21/2019	0.4%
Santander Drive Auto Receivables Trust 2018-1	2.630%	07/15/2022	0.4%
Williams Cos., Inc.	0.000%	05/01/2019	0.4%
Cabela's Credit Card Master Note Trust	3.334%	06/15/2022	0.4%
Goldman Sachs Group, Inc.	3.579%	12/13/2019	0.4%
Westlake Automobile Receivables Trust 2019-1	3.510%	05/16/2022	0.3%
IBM Credit LLC	3.177%	11/30/2020	0.3%
Sempra Energy	2.686%	07/15/2019	0.3%
JPMorgan Chase & Co.	4.218%	03/01/2021	0.3%
Humana, Inc.	0.000%	04/01/2019	0.3%
General Electric Co.	3.028%	01/09/2020	0.3%
Constellation Brands, Inc.	0.000%	04/29/2019	0.3%
Master Credit Card Trust II	2.260%	07/21/2021	0.3%
JPMorgan Chase & Co.	3.317%	03/09/2021	0.3%
National Australia Bank Ltd.	2.775%	01/12/2021	0.3%
Bank of Montreal	2.776%	07/13/2020	0.3%
World Financial Network Credit Card Master Trust	1.980%	06/15/2023	0.3%
Golden Credit Card Trust	2.934%	12/15/2022	0.3%
Goldman Sachs Group, Inc.	3.530%	04/25/2019	0.3%
HSBC Holdings plc	3.240%	05/18/2021	0.3%
US Bank NA	2.737%	07/24/2020	0.3%
Toyota Motor Credit Corp.	2.676%	07/15/2020	0.3%
National Bank of Canada	3.336%	06/12/2020	0.3%
American Honda Finance Corp.	2.796%	02/21/2020	0.3%
NextEra Energy Capital Holdings, Inc.	3.257%	08/28/2021	0.3%
Discover Card Execution Note Trust	2.974%	07/15/2024	0.3%
Sumitomo Mitsui Banking Corp	2.806%	10/16/2020	0.3%
John Deere Capital Corp.	3.203%	07/10/2020	0.3%
Bank of Montreal	3.152%	01/22/2021	0.3%
Huntington National Bank	3.283%	02/05/2021	0.3%
Jackson National Life Global Funding	3.065%	04/27/2020	0.3%
Marriott International, Inc.	3.229%	12/01/2020	0.3%
Union Bank N.A.	3.207%	03/07/2022	0.3%
BAT International Finance plc	0.000%	04/05/2019	0.3%
Newell Rubbermaid, Inc.	0.000%	04/03/2019	0.3%
Glencore Funding LLC	0.000%	04/09/2019	0.3%
Enbridge US Inc	0.000%	04/11/2019	0.3%
Jackson National Life Global Funding	2.909%	03/16/2021	0.3%
NiSource, Inc.	0.000%	05/01/2019	0.3%
Eni Finance USA, Inc.	0.000%	05/08/2019	0.3%
Enable Midstream Partners L.P.	0.000%	05/02/2019	0.3%
Bunge Asset Funding Corp	0.000%	05/24/2019	0.3%
Enable Midstream Partners L.P.	0.000%	05/01/2019	0.3%
Eni Finance USA, Inc.	0.000%	05/31/2019	0.3%
Drive Auto Receivables Trust 2019-2	2.930%	03/15/2022	0.3%
Bell Canada, Inc.	0.000%	06/17/2019	0.3%
Northrop Grumman Corp.	0.000%	06/19/2019	0.3%
Santander Drive Auto Receivables Trust 2018-4	3.270%	01/17/2023	0.3%
Molson Coors Brewing Co.	0.000%	06/03/2019	0.3%
American Express Credit Account Master Trust	1.930%	09/15/2022	0.3%
Capital One Multi-Asset Execution Trust	2.000%	01/17/2023	0.3%
Nissan Master Owner Trust Receivables	2.914%	04/18/2022	0.3%
Molson Coors Brewing Co.	0.000%	04/15/2019	0.3%
National Australia Bank Ltd.	3.187%	05/22/2020	0.3%
Royal Bank of Canada	2.769%	07/22/2020	0.3%
FMC Corp.	0.000%	04/01/2019	0.3%
DLL 2018-2 LLC	3.140%	10/20/2020	0.3%
Morgan Stanley	3.649%	01/20/2022	0.3%
Constellation Brands, Inc.	0.000%	05/06/2019	0.3%
Regions Bank, Birmingham, AL	3.118%	08/13/2021	0.3%
General Motors Financial Co., Inc.	0.000%	04/03/2019	0.3%
Southern Power Co	3.342%	12/20/2020	0.3%
Santander Drive Auto Receivables Trust 2015-4	4.540%	11/15/2022	0.3%
Daimler Finance North America LLC	3.252%	11/05/2021	0.2%
Drive Auto Receivables Trust 2018-5	3.680%	07/15/2023	0.2%
World Omni Select Auto Trust 2018-1	3.460%	03/15/2023	0.2%
Ford Motor Credit Co. LLC	3.408%	01/09/2020	0.2%
GE Dealer Floorplan Master Note Trust	3.138%	01/20/2022	0.2%
Enable Midstream Partners L.P.	0.000%	06/04/2019	0.2%
NiSource, Inc.	0.000%	04/30/2019	0.2%
General Motors Financial Co., Inc.	0.000%	05/06/2019	0.2%
AT&T, Inc.	3.733%	06/30/2020	0.2%
Santander Drive Auto Receivables Trust 2016-1	5.020%	06/15/2023	0.2%
Canadian Imperial Bank of Commerce	2.718%	10/05/2020	0.2%
Volkswagen Group of America Finance LLC	3.388%	11/13/2020	0.2%
Martin Marietta Materials, Inc.	3.292%	12/20/2019	0.2%
Santander Drive Auto Receivables Trust 2015-4	3.530%	08/16/2021	0.2%
BAT International Finance plc	0.000%	04/11/2019	0.2%
Campbell Soup Co.	0.000%	07/22/2019	0.2%
Citigroup, Inc.	3.696%	06/07/2019	0.2%
CVS Caremark Corp.	3.397%	03/09/2020	0.2%
Discover Card Execution Note Trust	1.390%	03/15/2022	0.2%
Goldman Sachs Group, Inc.	3.792%	10/23/2019	0.2%
TransCanada Pipelines Ltd.	0.000%	04/01/2019	0.2%
Master Credit Card Trust	2.967%	07/21/2022	0.2%
Citibank, Inc.	3.056%	05/01/2020	0.2%
Daimler Finance North America LLC	3.038%	01/06/2020	0.2%
UBS AG London	3.218%	12/01/2020	0.2%
Toronto-Dominion Bank	3.051%	06/11/2020	0.2%
Zimmer Biomet Holdings, Inc.	3.554%	03/19/2021	0.2%
Bell Canada, Inc.	0.000%	04/01/2019	0.2%
Northrop Grumman Corp.	0.000%	04/17/2019	0.2%
American Honda Finance Corp.	3.048%	06/16/2020	0.2%
Daimler Finance North America LLC	2.972%	05/04/2020	0.2%
Toronto-Dominion Bank	3.708%	12/14/2020	0.2%
AIG Global Funding	3.402%	01/22/2021	0.2%
Wells Fargo Bank, N.A.	2.987%	10/22/2021	0.2%
Credit Agricole Corporate & Investment Bank SA	3.433%	10/03/2021	0.2%
ConAgra Brands, Inc.	3.219%	10/22/2020	0.2%
Wells Fargo & Co.	3.627%	02/11/2022	0.2%
Navistar Financial Dealer Note Master Owner Trust	3.116%	09/25/2023	0.2%
Intesa Sanpaolo SpA	3.079%	07/17/2019	0.2%
Chesapeake Funding II LLC	2.120%	11/15/2029	0.2%
KeyBank NA	3.396%	02/01/2022	0.2%
Constellation Brands, Inc.	3.209%	11/15/2021	0.2%
Humana, Inc.	0.000%	04/02/2019	0.2%
First National Master Note Trust 2018-1	2.944%	10/15/2024	0.2%
Campbell Soup Co.	0.000%	04/18/2019	0.2%
Sherwin-Williams Co.	0.000%	04/16/2019	0.2%
Campbell Soup Co.	0.000%	05/08/2019	0.2%
Ford Motor Credit Co. LLC	0.000%	04/10/2019	0.2%
Campbell Soup Co.	0.000%	04/22/2019	0.2%
Ford Motor Credit Co. LLC	3.305%	10/12/2021	0.2%
CPS Auto Receivables Trust 2019-A	3.180%	06/15/2022	0.2%
Nissan Motor Acceptance Corp.	3.308%	03/15/2021	0.2%
Cabela's Credit Card Master Note Trust	2.934%	07/15/2022	0.2%
Branch Banking & Trust Co.	3.358%	06/15/2020	0.2%
Bank of Nova Scotia	2.826%	07/14/2020	0.2%
World Financial Network Credit Card Master Trust	2.150%	04/17/2023	0.2%
Synchrony Credit Card Master Note Trust	2.370%	03/15/2023	0.2%
Synchrony Credit Card Master Note Trust	2.640%	03/15/2023	0.2%
Huntington National Bank	3.277%	03/10/2020	0.2%
Boston Scientific Corp.	0.000%	04/22/2019	0.2%
BMW US Capital LLC	3.063%	08/14/2020	0.2%
Vulcan Materials Co.	3.276%	03/01/2021	0.2%
Sherwin-Williams Co.	0.000%	04/09/2019	0.2%
BMW Vehicle Lease Trust 2019-1	2.790%	03/22/2021	0.2%
Enable Midstream Partners L.P.	0.000%	04/22/2019	0.2%
Canadian Imperial Bank of Commerce/New York NY	3.202%	09/20/2019	0.2%
Humana, Inc.	0.000%	05/14/2019	0.2%
Manufacturers & Traders Trust Co	3.708%	12/28/2020	0.2%
Americredit Automobile Receivables Trust 2019-1	2.741%	06/20/2022	0.2%
Sherwin-Williams Co.	0.000%	04/11/2019	0.2%
John Deere Capital Corp.	2.975%	01/07/2020	0.2%
Navient Private Education Refi Loan Trust 2019-A	3.030%	01/15/2043	0.2%
Citibank, Inc.	3.342%	07/23/2021	0.2%
Pentair Finance SA	0.000%	04/05/2019	0.2%
Humana, Inc.	0.000%	04/12/2019	0.2%
Bank of Nova Scotia	2.909%	04/20/2021	0.2%
Wells Fargo & Co.	4.076%	03/04/2021	0.2%
New York Life Global Funding	2.912%	08/06/2021	0.2%
Capital Auto Receivables Asset Trust 2018-2	3.020%	02/22/2021	0.2%
ABN Amro Bank NV	3.261%	08/27/2021	0.2%
Dell Equipment Finance Trust 2018-1	2.970%	10/22/2020	0.2%
WGL Holdings, Inc.	3.326%	03/12/2020	0.2%
Flagship Credit Auto Trust 2018-3	3.070%	02/15/2023	0.2%
Tyco Electronics Group S.A.	3.201%	06/05/2020	0.2%
Marsh & McLennan Cos., Inc.	3.908%	12/29/2021	0.2%
BAT International Finance plc	0.000%	04/08/2019	0.2%
Pentair Finance SA	0.000%	04/09/2019	0.2%
Citizens Bank N.A.	3.413%	02/14/2022	0.2%
General Motors Financial Co., Inc.	0.000%	05/10/2019	0.2%
WGL Holdings, Inc.	3.029%	11/29/2019	0.2%
CRH America Finance, Inc.	0.000%	06/03/2019	0.2%
Humana, Inc.	0.000%	04/10/2019	0.2%
Campbell Soup Co.	0.000%	04/11/2019	0.2%
Public Service Electric & Gas Co.	0.000%	04/08/2019	0.2%
GMF Floorplan Owner Revolving Trust	2.784%	03/15/2022	0.2%
Capital Auto Receivables Asset Trust 2018-1	2.790%	01/20/2022	0.2%
Drive Auto Receivables Trust 2018-5	3.080%	07/15/2021	0.2%
PFS Financing Corp.	2.884%	02/15/2022	0.2%
Americredit Automobile Receivables Trust 2019-1	2.930%	06/20/2022	0.2%
Citigroup, Inc.	4.183%	03/30/2021	0.2%
Standard Chartered plc	3.770%	08/19/2019	0.2%
Synchrony Credit Card Master Note Trust	2.380%	09/15/2023	0.2%
Fifth Third Bank, OH	2.948%	07/26/2021	0.2%
Drive Auto Receivables Trust	3.040%	11/15/2021	0.2%
Campbell Soup Co.	0.000%	05/13/2019	0.2%
Foursight Capital Automobile Receivables Trust 201	3.320%	04/15/2022	0.2%
Glencore Funding LLC	0.000%	04/04/2019	0.2%
FMC Corp.	0.000%	04/15/2019	0.2%
Sherwin-Williams Co.	0.000%	04/23/2019	0.2%
Enel Finance America LLC	0.000%	05/06/2019	0.2%
Campbell Soup Co.	0.000%	05/20/2019	0.2%
JPMorgan Chase Bank NA	2.848%	04/26/2021	0.2%
Compass Bank	3.501%	06/11/2021	0.2%
Commonwealth Bank of Australia	3.051%	03/10/2020	0.2%
Sumitomo Mitsui Banking Corp	2.755%	10/18/2019	0.1%
Goldman Sachs Group, Inc.	3.552%	12/27/2020	0.1%
Santander Drive Auto Receivables Trust 2018-2	3.030%	09/15/2022	0.1%
Protective Life Global Funding	3.333%	06/28/2021	0.1%
Glencore Funding LLC	0.000%	05/02/2019	0.1%
US Bank NA	2.936%	05/21/2021	0.1%
World Omni Select Auto Trust 2018-1	3.240%	04/15/2022	0.1%
DLL 2018-1 LLC	2.810%	11/17/2020	0.1%
BMW US Capital LLC	3.118%	08/13/2021	0.1%
Toyota Motor Credit Corp.	3.344%	01/08/2021	0.1%
American Express Co.	3.192%	11/05/2021	0.1%
Marlette Funding Trust 2018-3	3.200%	09/15/2028	0.1%
Westlake Automobile Receivables Trust 2018-3	3.320%	10/16/2023	0.1%
TD Ameritrade Holding Corp.	2.971%	11/01/2021	0.1%
CNH Capital LLC	0.000%	04/01/2019	0.1%
Pentair Finance SA	0.000%	04/12/2019	0.1%
Pentair Finance SA	0.000%	04/04/2019	0.1%
FMC Corp.	0.000%	04/17/2019	0.1%
WGL Holdings, Inc.	0.000%	04/23/2019	0.1%
General Motors Financial Co., Inc.	0.000%	06/03/2019	0.1%
Enbridge US Inc	0.000%	05/13/2019	0.1%
Entergy Corp.	0.000%	06/06/2019	0.1%
DLL 2018-1 LLC	3.100%	04/18/2022	0.1%
Golden Credit Card Trust	1.980%	04/15/2022	0.1%
Enable Midstream Partners L.P.	0.000%	06/05/2019	0.1%
Westlake Automobile Receivables Trust 2016-3	3.580%	01/18/2022	0.1%
Walgreen Co.	0.000%	06/21/2019	0.1%
NextGear Floorplan Master Owner Trust	2.190%	09/15/2021	0.1%
DLL Securitization Trust 2017-A	2.140%	12/15/2021	0.1%
Citigroup, Inc.	3.574%	04/08/2019	0.1%
UBS AG London	3.347%	06/08/2020	0.1%
GMF Floorplan Owner Revolving Trust	2.580%	01/18/2022	0.1%
Drive Auto Receivables Trust 2018-5	2.804%	07/15/2021	0.1%
Daimler Finance North America LLC	3.140%	10/30/2019	0.1%
Bank of Montreal	3.021%	09/11/2019	0.1%
Campbell Soup Co.	0.000%	04/26/2019	0.1%
GE Capital Credit Card Master Note Trust	1.760%	09/15/2022	0.1%
AmeriCredit Automobile Receivables 2015-4	3.720%	12/08/2021	0.1%
Westpac Banking Corp.	3.328%	05/13/2019	0.1%
Ford Credit Floorplan Master Owner Trust A	3.104%	07/15/2021	0.1%
JPMorgan Chase & Co.	3.727%	01/23/2020	0.1%
Ally Master Owner Trust	2.824%	06/15/2021	0.1%
WGL Holdings, Inc.	0.000%	04/04/2019	0.1%
Mercedes-Benz Master Owner Trust 2018-BA	2.824%	05/15/2023	0.1%
Time Warner Cable LLC	8.250%	04/01/2019	0.1%
Martin Marietta Materials, Inc.	3.327%	05/22/2020	0.1%
Svenska Handelsbanken/New York NY	3.031%	10/21/2019	0.1%
Molson Coors Brewing Co.	0.000%	04/26/2019	0.1%
Eni Finance USA, Inc.	0.000%	05/07/2019	0.1%
Humana, Inc.	0.000%	05/16/2019	0.1%
Lloyds Bank plc	3.079%	05/07/2021	0.1%
Santander Drive Auto Receivables Trust 2015-5	3.650%	12/15/2021	0.1%
Harley-Davidson Financial Services Inc	3.146%	05/21/2020	0.1%
Glencore Funding LLC	0.000%	04/22/2019	0.1%
Cabela's Credit Card Master Note Trust	1.780%	06/15/2022	0.1%
Westlake Automobile Receivables Trust 2018-3	2.980%	01/18/2022	0.1%
Ford Credit Auto Owner Trust 2015-REV1	2.120%	07/15/2026	0.1%
Federation des Caisses Desjardins du Quebec	2.850%	10/30/2020	0.1%
Pentair Finance SA	0.000%	04/01/2019	0.1%
Mitsubishi UFJ Financial Grp, Inc.	3.158%	07/26/2021	0.1%
Capital One Multi-Asset Execution Trust	1.330%	06/15/2022	0.1%
Ford Credit Floorplan Master Owner Trust A	2.390%	08/15/2022	0.1%
Conn's Receivables Funding 2018-A LLC	3.250%	01/15/2023	0.1%
Gracechurch Card Funding PLC	2.884%	07/15/2022	0.1%
Flagship Credit Auto Trust 2018-2	2.970%	10/17/2022	0.1%
Marlette Funding Trust 2018-4	3.710%	12/15/2028	0.1%
DowDuPont Inc	3.394%	11/15/2020	0.1%
General Motors Financial Co., Inc.	0.000%	04/24/2019	0.1%
American Express Credit Account Master Trust	1.770%	11/15/2022	0.1%
New York Life Global Funding	3.016%	01/28/2021	0.1%
General Motors Financial Co., Inc.	4.051%	05/09/2019	0.1%
Welltower, Inc.	0.000%	04/05/2019	0.1%
WGL Holdings, Inc.	0.000%	04/08/2019	0.1%
Pentair Finance SA	0.000%	04/03/2019	0.1%
Pentair Finance SA	0.000%	04/02/2019	0.1%
Sherwin-Williams Co.	0.000%	04/17/2019	0.1%
Sherwin-Williams Co.	0.000%	04/24/2019	0.1%
FREED ABS TRUST 2018-2	3.990%	10/20/2025	0.1%
WGL Holdings, Inc.	0.000%	05/01/2019	0.1%
Welltower, Inc.	0.000%	04/03/2019	0.1%
General Motors Financial Co., Inc.	0.000%	04/12/2019	0.1%
General Motors Financial Co., Inc.	0.000%	04/09/2019	0.1%
Royal Caribbean Cruises Ltd.	0.000%	04/22/2019	0.1%
WGL Holdings, Inc.	0.000%	05/03/2019	0.1%
General Motors Financial Co., Inc.	3.678%	10/04/2019	0.1%
Royal Caribbean Cruises Ltd.	0.000%	04/01/2019	0.1%
Royal Caribbean Cruises Ltd.	0.000%	05/06/2019	0.1%
Constellation Brands, Inc.	0.000%	05/08/2019	0.1%
World Financial Network Credit Card Master Trust	3.070%	12/16/2024	0.1%
Drive Auto Receivables Trust	4.180%	03/15/2024	0.1%
Americredit Automobile Receivables Trust 2018-3	3.110%	01/18/2022	0.1%
Americredit Automobile Receivables Trust 2018-3	2.732%	01/18/2022	0.1%
Constellation Brands, Inc.	0.000%	05/01/2019	0.1%
American Express Credit Account Master Trust	2.934%	09/16/2024	0.1%
Manufacturers & Traders Trust Co	2.760%	01/25/2021	0.1%
Chesapeake Funding II LLC	2.824%	08/15/2029	0.1%
Branch Banking & Trust Co.	2.886%	01/15/2020	0.1%
Springleaf Funding Trust 2016-A	2.900%	11/15/2029	0.1%
Barclays Dryrock Issuance Trust	2.784%	05/15/2023	0.1%
First Investors Auto Owner Trust 2018-2	3.230%	12/15/2022	0.1%
Alimentation Couche-Tard, Inc.	3.279%	12/13/2019	0.1%
Ford Motor Credit Co. LLC	3.448%	08/12/2019	0.1%
Toronto-Dominion Bank	2.730%	01/25/2021	0.1%
Eni Finance USA, Inc.	0.000%	04/08/2019	0.1%
Chase Issuance Trust	1.270%	07/15/2021	0.1%
Synchrony Credit Card Master Note Trust	3.360%	03/15/2024	0.1%
Morgan Stanley	3.649%	01/27/2020	0.1%
Entergy Corp.	0.000%	05/02/2019	0.1%
UBS AG	3.254%	08/14/2019	0.1%
Citibank, Inc.	3.061%	09/18/2019	0.1%
Westlake Automobile Receivables Trust 2016-3	2.460%	01/18/2022	0.1%
Campbell Soup Co.	3.288%	03/16/2020	0.1%
Skandinaviska Enskilda Banken AB	3.349%	09/13/2019	0.1%
Harris Corp.	0.000%	04/11/2019	0.1%
Westpac Banking Corp.	2.896%	05/15/2020	0.1%
Constellation Brands, Inc.	0.000%	04/22/2019	0.1%
Citigroup, Inc.	4.075%	10/26/2020	0.1%
Discover Card Execution Note Trust	1.900%	10/17/2022	0.1%
General Electric Co.	3.223%	03/28/2020	0.1%
Ford Motor Credit Co. LLC	3.218%	04/05/2021	0.1%
Daimler Finance North America LLC	3.112%	05/05/2020	0.1%
Siemens Financial Services, Inc.	3.128%	03/16/2020	0.1%
Danske Bank A/S	3.248%	03/02/2020	0.1%
SL Green Operating Partnership L.P.	3.609%	08/16/2021	0.1%
GMF Floorplan Owner Revolving Trust	1.960%	05/17/2021	0.1%
Santander UK plc	3.246%	06/01/2021	0.1%
SMB Private Education Loan Trust 2018-B	2.804%	12/16/2024	0.1%
NextGear Floorplan Master Owner Trust	3.084%	10/16/2023	0.1%
Constellation Brands, Inc.	0.000%	04/03/2019	0.1%
General Motors Financial Co., Inc.	0.000%	04/05/2019	0.1%
Capital Auto Receivables Asset Trust 2018-1	2.930%	06/20/2022	0.1%
Deutsche Telekom International Finance	3.254%	09/19/2019	0.1%
Bank of Montreal	3.376%	12/12/2019	0.1%
Santander Drive Auto Receivables Trust 2016-2	4.380%	09/15/2023	0.1%
Bank of America Corp.	3.667%	04/01/2019	0.1%
Exeter Automobile Receivables Trust 2017-3	2.050%	12/15/2021	0.1%
Capital One Multi-Asset Execution Trust	2.994%	09/16/2024	0.1%
Engs Commercial Finance Trust 2018-1	2.970%	02/22/2021	0.1%
Sofi Professional Loan Program 2018-B Trust	2.640%	08/25/2047	0.1%
Morgan Stanley	3.768%	06/16/2020	0.1%
Constellation Brands, Inc.	0.000%	04/24/2019	0.1%
Chase Issuance Trust	1.580%	08/15/2021	0.1%
Enterprise Fleet Financing LLC	2.870%	10/20/2023	0.1%
NextGear Floorplan Master Owner Trust	2.540%	04/18/2022	0.1%
Magna International, Inc.	0.000%	04/03/2019	0.1%
PFS Financing Corp.	2.400%	10/17/2022	0.1%
Vulcan Materials Co.	3.388%	06/15/2020	0.1%
Credit Agricole S.A.	3.236%	04/15/2019	0.1%
Chase Issuance Trust	2.684%	04/17/2023	0.1%
Santander Drive Auto Receivables Trust 2018-5	3.520%	12/15/2022	0.1%
General Electric Co.	3.236%	04/15/2020	0.1%
Nissan Motor Acceptance Corp.	3.299%	09/13/2019	0.1%
SunTrust Banks, Inc.	3.008%	10/26/2021	0.1%
Drive Auto Receivables Trust	3.010%	11/15/2021	0.1%
Citizens Bank N.A.	3.278%	03/02/2020	0.1%
Capital Auto Receivables Asset Trust 2018-2	3.270%	06/20/2023	0.1%
Danske Bank A/S	3.319%	09/06/2019	0.1%
AIG Global Funding	2.878%	07/02/2020	0.1%
American Credit Acceptance Receivables Trust 2018-	2.940%	01/10/2022	0.1%
California Republic Auto Receivables Trust 2018-1	2.860%	03/15/2021	0.1%
Santander Drive Auto Receivables Trust 2016-3	2.800%	08/15/2022	0.1%
Mondelez International Holdings Netherlands BV	3.119%	10/28/2019	0.1%
California Republic Auto Receivables Trust 2017-1	2.280%	06/15/2022	0.1%
Australia & New Zealand Banking Group Ltd.	3.100%	05/17/2021	0.1%
American Credit Acceptance Receivables Trust 2019-	3.320%	04/12/2023	0.1%
CPS Auto Trust	3.310%	12/15/2022	0.1%
Ford Credit Floorplan Master Owner Trust A	1.980%	01/15/2022	0.1%
Pentair Finance SA	0.000%	04/10/2019	0.1%
Foursight Capital Automobile Receivables Trust 201	2.850%	08/16/2021	0.1%
AXIS Equipment Finance Receivables VI LLC	3.890%	07/20/2022	0.1%
Citibank, Inc.	3.061%	10/20/2020	0.1%
Enbridge US Inc	0.000%	04/15/2019	0.1%
Daimler Finance North America LLC	3.048%	02/12/2021	0.1%
Drive Auto Receivables Trust	5.150%	08/15/2022	0.1%
Drive Auto Receivables Trust	3.360%	10/17/2022	0.1%
Capital One Financial Corp.	3.458%	05/12/2020	0.1%
Drive Auto Receivables Trust	3.720%	10/17/2022	0.1%
Drive Auto Receivables Trust 2018-2	2.880%	06/15/2021	0.1%
Honda Auto Receivables 2017-3 Owner Trust	1.790%	09/20/2021	0.1%
ACC Trust 2019-1	3.750%	05/20/2022	0.1%
Barclays Bank plc	3.279%	10/28/2019	0.1%
John Deere Capital Corp.	2.528%	07/05/2019	0.1%
ConAgra Brands, Inc.	2.908%	10/09/2020	0.1%
Santander UK plc	2.882%	11/03/2020	0.1%
Branch Banking & Trust Co.	2.958%	06/01/2020	0.1%
Australia & New Zealand Banking Group Ltd.	3.054%	12/19/2019	0.1%
FMC Corp.	0.000%	04/03/2019	0.1%
Assurant, Inc.	4.072%	03/26/2021	0.1%
Drive Auto Receivables Trust	4.530%	08/15/2023	0.1%
Australia & New Zealand Banking Group Ltd.	3.140%	08/19/2020	0.1%
General Dynamics Corp.	2.908%	05/11/2020	0.1%
ABN Amro Bank NV	2.860%	01/19/2021	0.1%
QUALCOMM, Inc.	3.194%	05/20/2020	0.1%
American Express Credit Account Master Trust	2.670%	10/17/2022	0.1%
Aviation Capital Group Corp.	3.190%	07/30/2021	0.1%
SCF Equipment Leasing 2018-1 LLC	3.630%	10/20/2024	0.1%
American Express Credit Corp.	3.828%	09/14/2020	0.1%
General Motors Financial Co., Inc.	4.347%	01/14/2022	0.1%
Lloyds Banking Group plc	3.590%	06/21/2021	0.1%
Sempra Energy	2.936%	01/15/2021	0.1%
Australia & New Zealand Banking Group Ltd.	2.921%	11/09/2020	0.1%
Wabtec Corp.	3.911%	09/15/2021	0.1%
Bayer US Finance II LLC	3.232%	06/25/2021	0.1%
Pentair Finance SA	0.000%	04/08/2019	0.1%
FMC Corp.	0.000%	04/22/2019	0.1%
Williams Cos., Inc.	0.000%	04/29/2019	0.1%
Wells Fargo Bank, N.A.	3.389%	12/06/2019	0.1%
Nissan Motor Acceptance Corp.	2.125%	03/03/2020	0.1%
Ford Motor Credit Co. LLC	0.000%	11/25/2019	0.1%
Westpac Banking Corp.	3.169%	03/06/2020	0.1%
Humana, Inc.	0.000%	04/25/2019	0.1%
Master Credit Card Trust II	3.400%	01/21/2022	0.1%
FREED ABS TRUST 2018-1	3.610%	07/18/2024	0.1%
World Financial Network Credit Card Master Trust	1.980%	08/15/2023	0.1%
Sumitomo Mitsui Trust Bank Ltd	3.244%	09/19/2019	0.1%
BA Credit Card Trust	1.950%	08/15/2022	0.1%
AmeriCredit Automobile Receivables Trust 2017-4	2.040%	07/18/2022	0.1%
Sofi Professional Loan Program 2018-A LLC	2.390%	02/25/2042	0.1%
Branch Banking & Trust Co.	3.151%	01/15/2020	0.1%
Drive Auto Receivables Trust	3.720%	09/16/2024	0.1%
CPS Auto Receivables Trust 2016-C	3.270%	06/15/2022	0.1%
Citibank Credit Card Issuance Trust	1.800%	09/20/2021	0.1%
BMW US Capital LLC	3.207%	04/12/2021	0.1%
Barclays Dryrock Issuance Trust	2.814%	07/15/2024	0.1%
Wells Fargo & Co.	2.929%	04/22/2019	0.1%
Pentair Finance SA	0.000%	04/11/2019	0.1%
American Express Credit Corp.	3.106%	08/15/2019	0.1%
Phillips 66	3.289%	02/26/2021	0.1%
Ascentium Equipment Receivables 2017-1 Trust	2.290%	06/10/2021	0.1%
General Motors Financial Co., Inc.	3.366%	04/13/2020	0.0%
ING Bank NV	3.226%	08/15/2019	0.0%
National Australia Bank Ltd.	3.457%	12/09/2019	0.0%
Tyson Foods, Inc.	3.157%	05/30/2019	0.0%
General Motors Financial Co., Inc.	3.996%	01/15/2020	0.0%
Becton, Dickinson & Co.	3.678%	12/29/2020	0.0%
American Express Credit Corp.	2.912%	05/03/2019	0.0%
Standard Chartered plc	3.770%	08/19/2019	0.0%
Gilead Sciences, Inc.	3.042%	09/20/2019	0.0%
Sherwin-Williams Co.	0.000%	04/29/2019	0.0%
Nissan Motor Acceptance Corp.	3.203%	09/28/2020	0.0%
Capital One NA/Mclean VA	3.544%	09/13/2019	0.0%
CPS Auto Trust	2.870%	09/15/2021	0.0%
Santander Drive Auto Receivables Trust 2018-3	2.780%	03/15/2021	0.0%
PFS Financing Corp.	1.870%	10/15/2021	0.0%
World Financial Network Credit Card Master Trust	3.340%	04/17/2023	0.0%
Kraft Heinz Foods Co.	3.021%	08/09/2019	0.0%
Commonwealth Bank of Australia	3.201%	09/18/2020	0.0%
Metropolitan Life Global Funding I	3.024%	09/19/2019	0.0%
Drive Auto Receivables Trust 2017-2	2.750%	09/15/2023	0.0%
Barclays Dryrock Issuance Trust	2.410%	07/15/2022	0.0%
Capital Auto Receivables Asset Trust	2.670%	08/20/2020	0.0%
Nordea Bank Abp	3.423%	09/30/2019	0.0%
MMAF Equipment Finance LLC 2014-A	1.590%	02/08/2022	0.0%
Manufacturers & Traders Trust Co	3.376%	12/01/2021	0.0%
Capital Auto Receivables Asset Trust 2017-1	2.020%	08/20/2021	0.0%
CPS Auto Receivables Trust 2018-B	2.720%	09/15/2021	0.0%
Wheels SPV 2 LLC	3.060%	04/20/2027	0.0%
Harris Corp.	3.000%	04/30/2020	0.0%
AmeriCredit Automobile Receivables Trust 2016-3	2.710%	09/08/2022	0.0%
Nissan Motor Acceptance Corp.	3.377%	01/13/2020	0.0%
Chrysler Capital Auto Receivables Trust	3.150%	01/18/2022	0.0%
CarMax Auto Owner Trust	3.110%	08/15/2022	0.0%
Flagship Credit Auto Trust 2016-3	2.430%	06/15/2021	0.0%
Drive Auto Receivables Trust 2017-1	2.840%	04/15/2022	0.0%
Chesapeake Funding II LLC	2.824%	11/15/2029	0.0%
CPS Auto Receivables Trust 2014-C	4.830%	08/17/2020	0.0%
PFS Financing Corp.	3.084%	02/15/2022	0.0%
TCF Auto Receivables Owner Trust 2015-2	2.550%	04/15/2021	0.0%
Drive Auto Receivables Trust	2.780%	10/15/2020	0.0%
Toyota Auto Receivables 2016-D Owner Trust	1.230%	10/15/2020	0.0%
International Lease Finance Corp.	6.250%	05/15/2019	0.0%
OneMain Financial Issuance Trust 2016-1A	3.660%	02/20/2029	0.0%
Capital Auto Receivables Asset Trust 2018-2	3.480%	10/20/2023	0.0%
CPS Auto Receivables Trust 2016-C	5.920%	06/15/2022	0.0%
Foursight Capital Automobile Receivables Trust 201	3.240%	09/15/2022	0.0%
Westlake Automobile Receivables Trust 2018-2	3.500%	01/16/2024	0.0%
Lloyds Bank plc	5.800%	01/13/2020	0.0%
Exeter Automobile Receivables Trust 2015-1	5.830%	12/15/2021	0.0%
Ford Motor Credit Co. LLC	2.989%	11/02/2020	0.0%
Shire Acquisitions Investments Ireland Designated	1.900%	09/23/2019	0.0%
Bank of Montreal	3.228%	06/15/2020	0.0%
AmeriCredit Automobile Receivables Trust 2015-3	2.730%	03/08/2021	0.0%
Verizon Owner Trust 2017-1	2.450%	09/20/2021	0.0%
BAT Capital Corp	3.204%	08/14/2020	0.0%
World Financial Network Credit Card Master Trust	2.550%	06/17/2024	0.0%
General Motors Co.	3.389%	08/07/2020	0.0%
Drive Auto Receivables Trust	3.340%	09/15/2022	0.0%
Santander Drive Auto Receivables Trust 2016-3	2.460%	03/15/2022	0.0%
CRH America Finance, Inc.	0.000%	04/29/2019	0.0%
SOFI PROFESSIONAL LOAN PROGRAM 2017-F LLC	2.050%	01/25/2041	0.0%
OSCAR US Funding Trust VII LLC	3.143%	11/10/2020	0.0%
UBS Group Funding Switzerland AG	4.264%	09/24/2020	0.0%
Drive Auto Receivables Trust	3.660%	11/15/2024	0.0%
American Express Co.	2.850%	10/30/2020	0.0%
Barclays Dryrock Issuance Trust 2016-1	1.520%	05/16/2022	0.0%
Drive Auto Receivables Trust	3.190%	07/15/2022	0.0%
Credit Acceptance Auto Loan Trust 2016-3	2.150%	04/15/2024	0.0%
World Financial Network Credit Card Master Trust	3.090%	04/17/2023	0.0%
Drive Auto Receivables Trust	2.980%	01/18/2022	0.0%
American Credit Acceptance Receivables Trust 2016-	4.260%	08/12/2022	0.0%
Chesapeake Funding II LLC	2.110%	03/15/2028	0.0%
Canadian Imperial Bank of Commerce	3.259%	09/06/2019	0.0%
Morgan Stanley	3.869%	04/21/2021	0.0%
Flagship Credit Auto Trust 2016-1	3.910%	06/15/2022	0.0%
AT&T, Inc.	3.086%	01/15/2020	0.0%
CarFinance Capital Auto Trust	3.580%	06/15/2021	0.0%
American Credit Acceptance Receivables Trust 2018-	3.550%	04/10/2024	0.0%
Exeter Automobile Receivables Trust 2016-3	4.220%	06/15/2022	0.0%
CPS Auto Trust	3.430%	07/15/2022	0.0%
Chase Issuance Trust	2.854%	04/15/2021	0.0%
Pentair Finance SA	2.650%	12/01/2019	0.0%
International Lease Finance Corp.	5.875%	04/01/2019	0.0%
National Australia Bank Ltd.	3.004%	01/10/2020	0.0%
Westlake Automobile Receivables Trust 2016-2	4.100%	06/15/2021	0.0%
PNC Bank NA	2.719%	01/22/2021	0.0%
First National Master Note Trust 2017-2	2.924%	10/16/2023	0.0%
Ascentium Equipment Receivables 2017-2 Trust	2.000%	05/11/2020	0.0%
Flagship Credit Auto Trust	3.050%	08/16/2021	0.0%
Wells Fargo Bank, N.A.	3.289%	05/24/2019	0.0%
Chesapeake Funding II LLC	1.990%	05/15/2029	0.0%
Royal Bank of Canada	3.146%	04/15/2019	0.0%
AmeriCredit Automobile Receivables 2015-1	2.510%	01/08/2021	0.0%
Australia & New Zealand Banking Group Ltd.	3.484%	09/23/2019	0.0%
HSBC USA, Inc.	3.228%	11/13/2019	0.0%
Citibank, Inc.	3.276%	06/12/2020	0.0%
Westgate Resorts 2018-1 LLC	3.380%	12/20/2031	0.0%
Danske Bank A/S	3.125%	03/02/2020	0.0%
CPS Auto Receivables Trust 2017-D	2.430%	01/18/2022	0.0%
Ford Credit Auto Owner Trust/Ford Credit 2014-REV1	2.260%	11/15/2025	0.0%
Chesapeake Funding II LLC	1.880%	06/15/2028	0.0%
California Republic Auto Receivables Trust 2015-4	2.580%	06/15/2021	0.0%
CarMax Auto Owner Trust	1.400%	08/15/2021	0.0%
American Credit Acceptance Receivables Trust 2018-	2.720%	03/10/2021	0.0%
Royal Bank of Canada	2.748%	10/26/2020	0.0%
Westlake Automobile Receivables Trust 2018-1	2.920%	05/15/2023	0.0%
Phillips 66	3.186%	04/15/2020	0.0%
Nissan Auto Receivables 2017-C Owner Trust	2.120%	04/18/2022	0.0%
Capital Auto Receivables Asset Trust	3.340%	03/22/2021	0.0%
Drive Auto Receivables Trust	2.610%	08/16/2021	0.0%
Mercedes-Benz Auto Lease Trust 2018-A	2.200%	04/15/2020	0.0%
AmeriCredit Automobile Receivables Trust 2016-3	2.240%	04/08/2022	0.0%
Sofi Consumer Loan Program 2017-5 LLC	2.140%	09/25/2026	0.0%
BMW US Capital LLC	3.175%	04/06/2020	0.0%
Wells Fargo Bank, N.A.	2.746%	01/15/2021	0.0%
Fifth Third Bank, OH	3.412%	09/27/2019	0.0%
Santander Drive Auto Receivables Trust 2017-3	1.870%	06/15/2021	0.0%
NextGear Floorplan Master Owner Trust	2.740%	04/15/2021	0.0%
Daimler Finance North America LLC	3.113%	02/22/2021	0.0%
Sofi Professional Loan Program 2017-C LLC	1.750%	07/25/2040	0.0%
Access Point Funding I 2017-1 LLC	3.060%	04/15/2029	0.0%
Citizens Bank N.A.	3.259%	05/26/2020	0.0%
JPMorgan Chase Bank NA	3.414%	09/23/2019	0.0%
ING Bank NV	3.487%	10/01/2019	0.0%
Flagship Credit Auto Trust 2017-3	1.880%	10/15/2021	0.0%
CCG Receivables Trust 2018-1	2.500%	06/16/2025	0.0%
Santander Drive Auto Receivables Trust 2017-2	2.210%	10/15/2021	0.0%
Drive Auto Receivables Trust 2017-3	2.800%	07/15/2022	0.0%
ACC Trust 2018-1	3.700%	12/21/2020	0.0%
Svenska Handelsbanken AB	3.229%	09/06/2019	0.0%
Drive Auto Receivables Trust	3.910%	05/17/2021	0.0%
Americredit Automobile Receivables Trust 2016-4	1.830%	12/08/2021	0.0%
Chesapeake Funding II LLC	2.934%	05/15/2029	0.0%
Foursight Capital Automobile Receivables Trust 201	4.120%	09/15/2022	0.0%
ING Bank NV	3.610%	08/17/2020	0.0%
OneMain Financial Issuance Trust 2015	3.190%	03/18/2026	0.0%
Navient Student Loan Trust 2018-1	2.676%	03/25/2067	0.0%
ING Bank NV	3.226%	08/15/2019	0.0%
DLL Securitization Trust 2017-A	1.890%	07/15/2020	0.0%
SoFi Professional Loan Program 2017-E LLC	1.860%	11/26/2040	0.0%
Drive Auto Receivables Trust	2.750%	10/15/2020	0.0%
CPS Auto Receivables Trust 2018-A	2.770%	04/18/2022	0.0%
SoFi Consumer Loan Program 2016-2 LLC	3.090%	10/27/2025	0.0%
Avid Automobile Receivables Trust 2018-1	2.840%	08/15/2023	0.0%
Royal Bank of Canada	2.995%	03/02/2020	0.0%
Springleaf Funding Trust	3.160%	11/15/2024	0.0%
Drive Auto Receivables Trust	3.020%	11/15/2021	0.0%
GreatAmerica Leasing Receivables Funding LLC Serie	2.350%	05/15/2020	0.0%
Flagship Credit Auto Trust 2017-4	2.070%	04/15/2022	0.0%
AmeriCredit Automobile Receivables Trust 2016-3	1.800%	10/08/2021	0.0%
Capital Auto Receivables Asset Trust 2015-4	3.620%	05/20/2021	0.0%
Santander Drive Auto Receivables Trust	3.240%	04/15/2021	0.0%
Santander Drive Auto Receivables Trust 2016-2	3.390%	04/15/2022	0.0%
Chesapeake Funding II LLC	1.910%	08/15/2029	0.0%
Canadian Imperial Bank of Commerce	2.874%	02/02/2021	0.0%
CPS Auto Receivables Trust 2018-B	3.230%	07/15/2022	0.0%
CPS Auto Trust	2.680%	05/17/2021	0.0%
Enterprise Fleet Financing LLC	1.970%	01/20/2023	0.0%
CPS Auto Receivables Trust 2017-C	2.300%	07/15/2021	0.0%
Morgan Stanley	3.512%	07/23/2019	0.0%
Mississippi Power Co.	3.472%	03/27/2020	0.0%
Capital Auto Receivables Asset Trust 2016-2	2.110%	03/22/2021	0.0%
Exeter Automobile Receivables Trust 2017-1	3.950%	12/15/2022	0.0%
OneMain Financial Issuance Trust 2016-2	4.100%	03/20/2028	0.0%
Master Credit Card Trust II	2.560%	07/21/2021	0.0%
Chrysler Capital Auto Receivables Trust 2016-B	1.640%	07/15/2021	0.0%
Santander Drive Auto Receivables Trust 2015-4	2.970%	03/15/2021	0.0%
TCF Auto Receivables Owner Trust	1.960%	11/16/2020	0.0%
Chesapeake Funding II LLC	3.484%	06/15/2028	0.0%
Campbell Soup Co.	0.000%	05/02/2019	0.0%
Enterprise Fleet Financing LLC	2.130%	07/20/2022	0.0%
Americredit Automobile Receivables Trust	2.470%	11/09/2020	0.0%
Barclays Dryrock Issuance Trust 2017-1	2.814%	03/15/2023	0.0%
CPS Auto Receivables Trust 2017-D	1.870%	03/15/2021	0.0%
Credit Acceptance Auto Loan Trust 2016-2	2.420%	11/15/2023	0.0%
Flagship Credit Auto Trust 2017-1	1.930%	12/15/2021	0.0%
First Investors Auto Owner Trust	2.000%	03/15/2022	0.0%
AmeriCredit Automobile Receivables Trust 2016-3	1.460%	05/10/2021	0.0%
First Investors Auto Owner Trust 2017-2	1.860%	10/15/2021	0.0%
TCF Auto Receivables Owner Trust 2016-PT1	1.930%	06/15/2022	0.0%
AmeriCredit Automobile Receivables Trust 2015-2	2.400%	01/08/2021	0.0%
Texas-New Mexico Power Co.	9.500%	04/01/2019	0.0%
Ford Motor Credit Co. LLC	3.512%	11/04/2019	0.0%
CarMax Auto Owner Trust 2017-3	1.640%	09/15/2020	0.0%
California Republic Auto Receivables Trust 2016-2	1.830%	12/15/2021	0.0%
Santander Drive Auto Receivables Trust 2016-3	1.890%	06/15/2021	0.0%
Westlake Automobile Receivables Trust 2016-2	2.830%	05/17/2021	0.0%
SoFi Professional Loan Program 2017-D LLC	1.720%	09/25/2040	0.0%
Flagship Credit Auto Trust 2017-2	1.850%	07/15/2021	0.0%
American Credit Acceptance Receivables Trust 2015-	4.840%	10/12/2021	0.0%
CarMax Auto Owner Trust	1.560%	11/16/2020	0.0%
SunTrust Auto Receivables Trust	1.780%	01/15/2021	0.0%
Ascentium Equipment Receivables 2016-1 Trust	2.850%	07/10/2020	0.0%
First Investors Auto Owner Trust 2016-2	1.870%	11/15/2021	0.0%
Carmax Auto Owner Trust	1.390%	05/17/2021	0.0%
Santander Drive Auto Receivables Trust 2015-5	2.740%	12/15/2021	0.0%
Drive Auto Receivables Trust	3.380%	11/15/2021	0.0%
SoFi Professional Loan Program 2017-A LLC	1.550%	03/26/2040	0.0%
Mercedes-Benz Master Owner Trust 2016-B	3.184%	05/17/2021	0.0%
CNH Equipment Trust	1.850%	04/15/2021	0.0%
Kansas Gas & Electric Co.	6.700%	06/15/2019	0.0%
Capital Auto Receivables Asset Trust 2017-1	1.760%	06/22/2020	0.0%
Exeter Automobile Receivables Trust 2014-3	5.690%	04/15/2021	0.0%
Engs Commercial Finance Trust	2.630%	02/22/2022	0.0%
Westlake Automobile Receivables Trust 2017-2	1.800%	07/15/2020	0.0%
AmeriCredit Automobile Receivables Trust 2017-3	1.690%	12/18/2020	0.0%
California Republic Auto Receivables Trust	1.820%	09/15/2020	0.0%
Nissan Auto Receivables 2016-B Owner Trust	1.320%	01/15/2021	0.0%
CPS Auto Receivables Trust	3.180%	09/15/2020	0.0%
California Republic Auto Receivables Trust	1.750%	01/15/2021	0.0%
Amgen, Inc.	3.263%	05/22/2019	0.0%
Dell Equipment Finance Trust	2.140%	04/22/2022	0.0%
Diamond Resorts Owner Trust	2.990%	05/22/2028	0.0%
Bank of Montreal	3.095%	07/18/2019	0.0%
Westlake Automobile Receivables Trust 2017-1	2.300%	10/17/2022	0.0%
Wheels SPV 2 LLC	1.590%	05/20/2025	0.0%
Flagship Credit Auto Trust 2016-4	1.960%	02/16/2021	0.0%
Flagship Credit Auto Trust 2016-1	2.770%	12/15/2020	0.0%
First Investors Auto Owner Trust	2.750%	09/15/2021	0.0%
First Investors Auto Owner Trust 2017-1	1.690%	04/15/2021	0.0%

Dividends & Cap Gains

DIVIDEND PAYMENTS

For

YTD Dividends Paidas of 05/20/2019: $0.086
Dividend Frequency: Monthly (Daily Accrual)

Record Date	Ex-Dividend Date	Reinvest & Payable Date	Dividend	Reinvest Price
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	05/31/2019
Daily	Daily	06/30/2019
Daily	Daily	07/31/2019
Daily	Daily	08/31/2019
Daily	Daily	09/30/2019
Daily	Daily	10/31/2019
Daily	Daily	11/30/2019
Daily	Daily	12/31/2019

CAPITAL GAINS DISTRIBUTIONS

For

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

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
12/17/2019	12/18/2019

Fees & Expenses

EXPENSE RATIOas of 04/30/2019

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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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

There is no up-front commission on purchases of the Lord Abbett Ultra Short Bond Fund, but a contingent deferred sales charge (CDSC) will be charged on shares exchanged from a Lord Abbett–sponsored fund that are subject to a CDSC and that are subsequently redeemed. Lord Abbett Ultra Short Bond Fund has a 12b-1 trail commission of 0.15% that accrues immediately.

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

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

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

Class 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.

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 05/20/2019

30-Day Standardized Yield 2 as of 04/30/2019

Expense Ratioas of 04/30/2019

Fund Basicsas of 04/30/2019

Fund Expense Ratio :

Gross 0.49%

Net 0.42%

Fund Expense Ratio :

Gross 0.49%

Net 0.42%

Fund Expense Ratio :

Gross 0.49%

Net 0.42%

Fund Expense Ratio :

Gross 0.49%

Net 0.42%

RELATED CONTENT

Credit Quality Distribution as of 04/30/2019 View Portfolio

INVESTMENT TEAM

Your Representative

Performance

Performance

NAV HISTORICAL PRICES

Fund Expense Ratio :

Gross 0.49%

Net 0.42%

Fund Expense Ratio :

Gross 0.49%

Net 0.42%

Fund Expense Ratio :

Gross 0.49%

Net 0.42%

Fund Expense Ratio :

Gross 0.49%

Net 0.42%

Portfolio

Portfolio

CREDIT QUALITY DISTRIBUTION as of 04/30/2019

Portfolio Positioning as of 03/31/2019

Portfolio Details as of 04/30/2019

Dividends & Cap Gains

Dividends & Cap Gains

DIVIDEND PAYMENTS

DIVIDEND PAYMENTS

Upcoming Dividend Payment Dates

7 Day Yield ^1,4 as of 05/20/2019

30-Day Standardized Yield ² as of 04/30/2019