Ultra Short Bond Fund

LUBAX

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Daily price w/o sales charge as of 07/18/2019

$10.03

$0.01

YTD Returns w/o sales charge as of 07/18/2019

1.82%

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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 07/18/2019

	Subsidized³	Un-Subsidized³
w/o sales charge	2.39%	2.32%
w/ sales charge	-	-

30-Day Standardized Yield ² as of 06/30/2019

	Subsidized⁵	Un-Subsidized⁶
w/o sales charge	2.41%	2.35%

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

Expense Ratioas of 06/30/2019

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 06/28/2019

Total Net Assets: $17.15 B
Inception Date: 10/17/2016
Dividend Frequency: Monthly (Daily Accrual)
Number of Holdings: 658
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	1.60%	2.69%	-	-	-	1.89%
Lipper Category Avg. Ultra-Short Obligations Funds	1.77%	2.68%	-	-	-	-
ICE BofAML U.S. Treasury Bill Index	1.30%	2.39%	-	-	-	1.50%

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	1.60%	2.69%	-	-	-	1.89%
Lipper Category Avg. Ultra-Short Obligations Funds	1.77%	2.68%	-	-	-	-
ICE BofAML U.S. Treasury Bill Index	1.30%	2.39%	-	-	-	1.50%

Fund Expense Ratio :

Gross 0.49%

Net 0.42%

Credit Quality Distribution as of 06/28/2019 View Portfolio

Rating	Assets
A-1/P-1
A-2/P-2
A-3/P-3
U.S. Treasury
AAA
AA
A
BBB
Not Rated

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	1.60%	2.69%	-	-	-	1.89%
Lipper Category Avg. Ultra-Short Obligations Funds	1.77%	2.68%	-	-	-	-
ICE BofAML U.S. Treasury Bill Index	1.30%	2.39%	-	-	-	1.50%

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	1.60%	2.69%	-	-	-	1.89%
Lipper Category Avg. Ultra-Short Obligations Funds	1.77%	2.68%	-	-	-	-
ICE BofAML U.S. Treasury Bill Index	1.30%	2.39%	-	-	-	1.50%

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%	0.74%	-	-	1.82%
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

CREDIT QUALITY DISTRIBUTION as of 06/28/2019

Rating	Assets
A-1/P-1
A-2/P-2
A-3/P-3
U.S. Treasury
AAA
AA
A
BBB
Not Rated

Portfolio Positioning as of 06/30/2019

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 2.32%, 28 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.
We increased the portfolio’s allocation to high quality floating rate notes, as we found more attractive opportunities within this space following the volatility and spread widening that occurred in May. We continue to maintain a large position within the financials sector, as much of the asset class is comprised of financial issuers. Specifically, we are attracted to issuers that have improved credit quality 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 commercial paper, specifically adding to commercial paper securities with longer durations.
We modestly reduced the portfolio’s allocation to asset-backed securities (“ABS”). While we continue to remain attracted to auto loan ABS, as we believe these securities offer more attractive risk-adjusted spread opportunities than other sectors within ABS, we reduced the portfolio’s allocation to take advantage of spread widening within floating rate notes.

Portfolio Details as of 06/28/2019

Total Net Assets: $17.15 B
Number of Issues: 658
Average Coupon: 2.12%
Average Life: 0.88 Years
Average Effective Duration: 0.23 Years

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

Holding	Coupon	Maturity	Assets

United States Treasury Bill	0.000%	07/02/2019	2.0%
Goldman Sachs Group, Inc.	3.932%	04/23/2020	1.5%
Morgan Stanley	3.247%	02/10/2021	1.3%
Broadcom Inc	0.000%	07/09/2019	1.3%
Citigroup, Inc.	3.573%	01/10/2020	1.2%
Wells Fargo & Co.	3.472%	07/22/2020	0.9%
JPMorgan Chase & Co.	3.306%	06/01/2021	0.8%
Bank of America Corp.	3.252%	07/21/2021	0.8%
BAT International Finance plc	0.000%	07/02/2019	0.8%
Ford Credit Auto Owner Trust 2014-REV2	2.310%	04/15/2026	0.7%

% of Total Assets			11.3%

Holding	Coupon	Maturity	Assets

United States Treasury Bill	0.000%	07/02/2019	2.0%
Goldman Sachs Group, Inc.	3.932%	04/23/2020	1.4%
Morgan Stanley	3.247%	02/10/2021	1.3%
Broadcom Inc	0.000%	06/06/2019	1.2%
Citigroup, Inc.	3.573%	01/10/2020	1.2%
Wells Fargo & Co.	3.472%	07/22/2020	0.9%
JPMorgan Chase & Co.	3.306%	06/01/2021	0.8%
Energy Transfer Partners L.P.	0.000%	06/06/2019	0.8%
AutoNation, Inc.	0.000%	06/04/2019	0.8%
BAT International Finance plc	0.000%	07/02/2019	0.8%
Ford Credit Auto Owner Trust 2014-REV2	2.310%	04/15/2026	0.7%
Glencore Funding LLC	0.000%	06/17/2019	0.7%
Capital One Prime Auto Receivables Trust 2019-1	2.580%	04/15/2022	0.7%
Bank of America NA	2.879%	08/28/2020	0.7%
Bank of America Corp.	3.252%	07/21/2021	0.7%
World Financial Network Credit Card Master Trust	2.310%	08/15/2024	0.6%
Dollar Tree, Inc.	3.473%	04/17/2020	0.6%
JPMorgan Chase Bank NA	2.890%	02/19/2021	0.6%
Campbell Soup Co.	0.000%	06/24/2019	0.5%
Enbridge US Inc	0.000%	06/04/2019	0.5%
Bank of America NA	2.875%	05/24/2021	0.5%
Wells Fargo Bank, N.A.	3.017%	01/15/2020	0.5%
Comcast Corp.	3.127%	10/01/2020	0.5%
Capital One Multi-Asset Execution Trust	1.990%	07/17/2023	0.5%
NBCUniversal Enterprise, Inc.	3.197%	04/01/2021	0.5%
EnCana Corp.	0.000%	06/03/2019	0.5%
GE Capital Credit Card Master Note Trust	1.760%	09/15/2022	0.5%
Trillium Credit Card Trust II	3.038%	01/26/2024	0.5%
Chesapeake Funding II LLC	2.920%	01/15/2031	0.5%
Noble Energy, Inc.	0.000%	06/06/2019	0.5%
JPMorgan Chase & Co.	3.317%	03/09/2021	0.5%
Jackson National Life Global Funding	3.087%	10/15/2020	0.5%
Metropolitan Life Global Funding I	3.034%	01/08/2021	0.5%
Sumitomo Mitsui Banking Corp	3.123%	01/17/2020	0.4%
Cigna Corp	3.138%	03/17/2020	0.4%
Toronto-Dominion Bank	3.048%	09/17/2020	0.4%
Wells Fargo & Co.	3.431%	01/30/2020	0.4%
Energy Transfer Partners L.P.	0.000%	06/03/2019	0.4%
Royal Caribbean Cruises Ltd.	0.000%	07/08/2019	0.4%
JPMorgan Chase Bank NA	2.856%	09/01/2020	0.4%
HSBC Holdings plc	3.426%	09/11/2021	0.4%
PNC Bank NA	2.947%	03/12/2021	0.4%
Royal Bank of Canada	2.980%	01/25/2021	0.4%
American Honda Finance Corp.	2.768%	10/19/2020	0.4%
Citibank, Inc.	3.213%	02/19/2022	0.4%
Daimler Finance North America LLC	3.235%	11/05/2021	0.4%
Enbridge US Inc	0.000%	06/13/2019	0.4%
Wells Fargo Bank, N.A.	3.272%	07/23/2021	0.4%
Crown Castle International Corp.	0.000%	06/19/2019	0.4%
Sempra Global	0.000%	08/19/2019	0.4%
EnCana Corp.	0.000%	07/22/2019	0.4%
BA Credit Card Trust	1.840%	01/17/2023	0.4%
Boston Scientific Corp.	0.000%	07/22/2019	0.4%
Citibank Credit Card Issuance Trust	1.920%	04/07/2022	0.4%
Pentair Finance SA	0.000%	06/03/2019	0.4%
FMC Corp.	0.000%	06/03/2019	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%
Santander Drive Auto Receivables Trust 2018-1	2.630%	07/15/2022	0.4%
Cabela's Credit Card Master Note Trust	3.290%	06/15/2022	0.4%
HSBC Holdings plc	3.283%	05/18/2021	0.4%
AutoNation, Inc.	0.000%	06/03/2019	0.4%
Conn's Receivables Funding 2019-A LLC	3.400%	10/16/2023	0.4%
Goldman Sachs Group, Inc.	3.579%	12/13/2019	0.3%
Royal Caribbean Cruises Ltd.	0.000%	06/21/2019	0.3%
Arrow Electronics, Inc.	0.000%	06/18/2019	0.3%
Westlake Automobile Receivables Trust 2019-1	3.510%	05/16/2022	0.3%
GM Financial Consumer Automobile Receivables Trust	2.990%	03/16/2022	0.3%
JPMorgan Chase & Co.	4.106%	03/01/2021	0.3%
IBM Credit LLC	3.099%	11/30/2020	0.3%
Sempra Energy	3.037%	07/15/2019	0.3%
General Electric Co.	3.417%	01/09/2020	0.3%
Florida Power & Light Co.	2.965%	05/06/2022	0.3%
Humana, Inc.	0.000%	06/10/2019	0.3%
Bunge Asset Funding Corp	0.000%	06/03/2019	0.3%
Citigroup, Inc.	4.183%	03/30/2021	0.3%
Master Credit Card Trust II	2.260%	07/21/2021	0.3%
Enable Midstream Partners L.P.	0.000%	06/03/2019	0.3%
National Australia Bank Ltd.	3.147%	01/12/2021	0.3%
Bank of Montreal	3.137%	07/13/2020	0.3%
Constellation Brands, Inc.	0.000%	06/24/2019	0.3%
Hitachi Capital America Corp	0.000%	06/06/2019	0.3%
Crown Castle International Corp.	0.000%	06/18/2019	0.3%
World Financial Network Credit Card Master Trust	1.980%	06/15/2023	0.3%
Golden Credit Card Trust	2.890%	12/15/2022	0.3%
Enbridge US Inc	0.000%	06/11/2019	0.3%
Toyota Motor Credit Corp.	3.027%	07/15/2020	0.3%
National Bank of Canada	3.336%	06/12/2020	0.3%
Discover Card Execution Note Trust	2.930%	07/15/2024	0.3%
Marriott International, Inc.	3.226%	12/01/2020	0.3%
NextEra Energy Capital Holdings, Inc.	3.179%	08/28/2021	0.3%
Arrow Electronics, Inc.	0.000%	06/20/2019	0.3%
Union Bank N.A.	3.207%	03/07/2022	0.3%
Bank of Montreal	3.152%	01/22/2021	0.3%
Sumitomo Mitsui Banking Corp	3.149%	10/16/2020	0.3%
Enbridge US Inc	0.000%	06/12/2019	0.3%
John Deere Capital Corp.	3.203%	07/10/2020	0.3%
Huntington National Bank	3.115%	02/05/2021	0.3%
Jackson National Life Global Funding	3.065%	04/27/2020	0.3%
Jackson National Life Global Funding	2.909%	03/16/2021	0.3%
Bell Canada, Inc.	0.000%	06/17/2019	0.3%
Northrop Grumman Corp.	0.000%	06/19/2019	0.3%
Molson Coors Brewing Co.	0.000%	06/03/2019	0.3%
Drive Auto Receivables Trust 2019-2	2.930%	03/15/2022	0.3%
Santander Drive Auto Receivables Trust 2018-4	3.270%	01/17/2023	0.3%
American Express Credit Account Master Trust	1.930%	09/15/2022	0.3%
BAT International Finance plc	0.000%	07/09/2019	0.3%
Caterpillar Financial Services Corp.	2.915%	05/17/2021	0.3%
Hawaiian Electric Co., Inc.	0.000%	06/13/2019	0.3%
BP Capital Markets plc	2.775%	11/24/2020	0.3%
Sempra Global	0.000%	07/29/2019	0.3%
Boston Scientific Corp.	0.000%	08/15/2019	0.3%
Capital One Multi-Asset Execution Trust	2.000%	01/17/2023	0.3%
Bank of New York Mellon/The	2.783%	06/04/2021	0.3%
Campbell Soup Co.	0.000%	09/04/2019	0.3%
Entergy Corp.	0.000%	07/26/2019	0.3%
Nissan Master Owner Trust Receivables	2.870%	04/18/2022	0.3%
American Express Co.	3.140%	05/20/2022	0.3%
Citibank, Inc.	3.123%	05/20/2022	0.3%
Boston Scientific Corp.	0.000%	08/12/2019	0.3%
Glencore Funding LLC	0.000%	07/17/2019	0.3%
Southern Power Co	3.342%	12/20/2020	0.3%
Royal Bank of Canada	2.892%	07/22/2020	0.3%
Eni Finance USA, Inc.	0.000%	07/22/2019	0.3%
Constellation Brands, Inc.	0.000%	06/03/2019	0.3%
Morgan Stanley	3.941%	01/20/2022	0.3%
Regions Bank, Birmingham, AL	3.188%	08/13/2021	0.3%
Zimmer Biomet Holdings, Inc.	3.554%	03/19/2021	0.2%
Glencore Funding LLC	0.000%	06/19/2019	0.2%
Sempra Global	0.000%	07/30/2019	0.2%
FMC Corp.	0.000%	06/19/2019	0.2%
Santander Drive Auto Receivables Trust 2015-4	4.540%	11/15/2022	0.2%
FMC Corp.	0.000%	06/12/2019	0.2%
Drive Auto Receivables Trust 2018-5	3.680%	07/15/2023	0.2%
Fifth Third Auto Trust 2019-1	2.660%	05/16/2022	0.2%
World Omni Select Auto Trust 2018-1	3.460%	03/15/2023	0.2%
Enable Midstream Partners L.P.	0.000%	06/04/2019	0.2%
Boston Scientific Corp.	0.000%	07/15/2019	0.2%
TransCanada Pipelines Ltd.	0.000%	07/25/2019	0.2%
Nissan Motor Acceptance Corp.	0.000%	07/31/2019	0.2%
Ford Motor Credit Co. LLC	3.797%	01/09/2020	0.2%
GE Dealer Floorplan Master Note Trust	3.091%	01/20/2022	0.2%
AT&T, Inc.	3.733%	06/30/2020	0.2%
Discover Card Execution Note Trust	1.880%	02/15/2023	0.2%
Santander Drive Auto Receivables Trust 2016-1	5.020%	06/15/2023	0.2%
Canadian Imperial Bank of Commerce	3.105%	10/05/2020	0.2%
Volkswagen Group of America Finance LLC	3.458%	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%
SunTrust Banks, Inc.	3.115%	05/17/2022	0.2%
Campbell Soup Co.	0.000%	07/22/2019	0.2%
Sherwin-Williams Co.	0.000%	06/25/2019	0.2%
FMC Technologies, Inc.	0.000%	07/15/2019	0.2%
Campbell Soup Co.	0.000%	08/13/2019	0.2%
EnCana Corp.	0.000%	06/13/2019	0.2%
Laclede Group, Inc.	0.000%	07/01/2019	0.2%
Citigroup, Inc.	3.696%	06/07/2019	0.2%
CVS Caremark Corp.	3.397%	03/09/2020	0.2%
First Investors Auto Owner Trust 2019-1	2.890%	03/15/2024	0.2%
CNH Capital LLC	0.000%	11/05/2019	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%
DLL 2018-2 LLC	3.140%	10/20/2020	0.2%
Daimler Finance North America LLC	3.425%	01/06/2020	0.2%
Constellation Brands, Inc.	3.384%	11/15/2021	0.2%
FMC Corp.	0.000%	06/10/2019	0.2%
Master Credit Card Trust	2.922%	07/21/2022	0.2%
UBS AG London	3.106%	12/01/2020	0.2%
FMC Corp.	0.000%	06/21/2019	0.2%
Toronto-Dominion Bank	3.708%	12/14/2020	0.2%
Daimler Finance North America LLC	2.955%	05/04/2020	0.2%
AIG Global Funding	3.402%	01/22/2021	0.2%
Credit Agricole Corporate & Investment Bank SA	3.433%	10/03/2021	0.2%
Navistar Financial Dealer Note Master Owner Trust	3.060%	09/25/2023	0.2%
Wells Fargo Bank, N.A.	3.102%	10/22/2021	0.2%
ConAgra Brands, Inc.	3.342%	10/22/2020	0.2%
Wells Fargo & Co.	3.627%	02/11/2022	0.2%
First National Master Note Trust 2018-1	2.900%	10/15/2024	0.2%
Intesa Sanpaolo SpA	3.403%	07/17/2019	0.2%
KeyBank NA	3.396%	02/01/2022	0.2%
Ford Motor Credit Co. LLC	3.677%	10/12/2021	0.2%
International Business Machines Corp.	2.935%	05/13/2021	0.2%
Nissan Motor Acceptance Corp.	3.131%	03/15/2021	0.2%
Cabela's Credit Card Master Note Trust	2.890%	07/15/2022	0.2%
Branch Banking & Trust Co.	3.358%	06/15/2020	0.2%
Bank of Nova Scotia	3.187%	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%
Vulcan Materials Co.	3.276%	03/01/2021	0.2%
Huntington National Bank	3.277%	03/10/2020	0.2%
Synchrony Credit Card Master Note Trust	2.640%	03/15/2023	0.2%
Chesapeake Funding II LLC	2.120%	11/15/2029	0.2%
Hawaiian Electric Co., Inc.	0.000%	06/17/2019	0.2%
BMW US Capital LLC	3.063%	08/14/2020	0.2%
Canadian Imperial Bank of Commerce/New York NY	3.202%	09/20/2019	0.2%
BMW Vehicle Lease Trust 2019-1	2.790%	03/22/2021	0.2%
GM Financial Automobile Leasing Trust 2019-2	2.670%	06/21/2021	0.2%
Pentair Finance SA	0.000%	06/12/2019	0.2%
Manufacturers & Traders Trust Co	3.694%	12/28/2020	0.2%
Americredit Automobile Receivables Trust 2019-1	2.701%	06/20/2022	0.2%
Pentair Finance SA	0.000%	06/05/2019	0.2%
John Deere Capital Corp.	2.975%	01/07/2020	0.2%
Citibank, Inc.	3.342%	07/23/2021	0.2%
Wells Fargo & Co.	4.076%	03/04/2021	0.2%
CPS Auto Receivables Trust 2019-A	3.180%	06/15/2022	0.2%
Bank of Nova Scotia	3.032%	04/20/2021	0.2%
Capital Auto Receivables Asset Trust 2018-2	3.020%	02/22/2021	0.2%
Citizens Bank N.A.	3.413%	02/14/2022	0.2%
New York Life Global Funding	2.885%	08/06/2021	0.2%
ABN Amro Bank NV	3.209%	08/27/2021	0.2%
WGL Holdings, Inc.	3.326%	03/12/2020	0.2%
Tyco Electronics Group S.A.	3.201%	06/05/2020	0.2%
Marsh & McLennan Cos., Inc.	3.908%	12/29/2021	0.2%
CRH America Finance, Inc.	0.000%	06/03/2019	0.2%
WGL Holdings, Inc.	3.029%	11/29/2019	0.2%
GMF Floorplan Owner Revolving Trust	2.740%	03/15/2022	0.2%
Campbell Soup Co.	0.000%	09/05/2019	0.2%
Capital Auto Receivables Asset Trust 2018-1	2.790%	01/20/2022	0.2%
Cigna Corp	0.000%	07/16/2019	0.2%
AutoNation, Inc.	0.000%	06/05/2019	0.2%
General Motors Financial Co., Inc.	0.000%	06/13/2019	0.2%
PFS Financing Corp.	2.840%	02/15/2022	0.2%
Americredit Automobile Receivables Trust 2019-1	2.930%	06/20/2022	0.2%
Eni Finance USA, Inc.	0.000%	07/23/2019	0.2%
Navient Private Education Refi Loan Trust 2019-A	3.030%	01/15/2043	0.2%
Synchrony Credit Card Master Note Trust	2.380%	09/15/2023	0.2%
Fifth Third Bank, OH	3.205%	07/26/2021	0.2%
Americredit Automobile Receivables Trust 2018-2	2.860%	11/18/2021	0.2%
Standard Chartered plc	3.813%	08/19/2019	0.2%
Eni Finance USA, Inc.	0.000%	07/02/2019	0.2%
Flagship Credit Auto Trust 2018-3	3.070%	02/15/2023	0.2%
Compass Bank	3.501%	06/11/2021	0.1%
Drive Auto Receivables Trust	3.040%	11/15/2021	0.1%
Crown Castle International Corp.	0.000%	06/12/2019	0.1%
JPMorgan Chase Bank NA	3.105%	04/26/2021	0.1%
Sumitomo Mitsui Banking Corp	3.090%	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%
Dell Equipment Finance Trust 2018-1	2.970%	10/22/2020	0.1%
US Bank NA	2.931%	05/21/2021	0.1%
CRH America Finance, Inc.	0.000%	07/15/2019	0.1%
BMW US Capital LLC	3.188%	08/13/2021	0.1%
Westlake Automobile Receivables Trust 2018-3	3.320%	10/16/2023	0.1%
Toyota Motor Credit Corp.	3.344%	01/08/2021	0.1%
American Express Co.	3.165%	11/05/2021	0.1%
Pentair Finance SA	0.000%	06/06/2019	0.1%
World Omni Select Auto Trust 2018-1	3.240%	04/15/2022	0.1%
TD Ameritrade Holding Corp.	3.166%	11/01/2021	0.1%
Royal Bank of Canada	3.052%	04/29/2022	0.1%
General Motors Financial Co., Inc.	0.000%	06/03/2019	0.1%
Entergy Corp.	0.000%	06/06/2019	0.1%
Eni Finance USA, Inc.	0.000%	06/04/2019	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%
Crown Castle International Corp.	0.000%	06/13/2019	0.1%
Eni Finance USA, Inc.	0.000%	06/24/2019	0.1%
DowDuPont Inc	0.000%	07/22/2019	0.1%
Humana, Inc.	0.000%	07/16/2019	0.1%
DLL Securitization Trust 2017-A	2.140%	12/15/2021	0.1%
NextGear Floorplan Master Owner Trust	2.190%	09/15/2021	0.1%
Eni Finance USA, Inc.	0.000%	07/31/2019	0.1%
Arrow Electronics, Inc.	0.000%	06/19/2019	0.1%
Crown Castle International Corp.	0.000%	06/24/2019	0.1%
Eni Finance USA, Inc.	0.000%	07/29/2019	0.1%
UBS AG London	3.347%	06/08/2020	0.1%
SCF Equipment Leasing 2019-1 LLC	3.040%	03/20/2023	0.1%
GMF Floorplan Owner Revolving Trust	2.580%	01/18/2022	0.1%
EnCana Corp.	0.000%	06/17/2019	0.1%
Bank of Montreal	3.021%	09/11/2019	0.1%
Boston Scientific Corp.	0.000%	07/29/2019	0.1%
Foursight Capital Automobile Receivables Trust 201	3.320%	04/15/2022	0.1%
Pentair Finance SA	0.000%	06/04/2019	0.1%
Daimler Finance North America LLC	3.371%	10/30/2019	0.1%
Manufacturers & Traders Trust Co	3.266%	12/01/2021	0.1%
Royal Caribbean Cruises Ltd.	0.000%	06/07/2019	0.1%
AmeriCredit Automobile Receivables 2015-4	3.720%	12/08/2021	0.1%
Ford Credit Floorplan Master Owner Trust A	3.060%	07/15/2021	0.1%
JPMorgan Chase & Co.	3.727%	01/23/2020	0.1%
Martin Marietta Materials, Inc.	3.313%	05/22/2020	0.1%
Ally Master Owner Trust	2.780%	06/15/2021	0.1%
Mercedes-Benz Master Owner Trust 2018-BA	2.780%	05/15/2023	0.1%
Marlette Funding Trust 2018-3	3.200%	09/15/2028	0.1%
Svenska Handelsbanken/New York NY	3.031%	10/21/2019	0.1%
Lloyds Bank plc	3.229%	05/07/2021	0.1%
Santander Drive Auto Receivables Trust 2015-5	3.650%	12/15/2021	0.1%
Cabela's Credit Card Master Note Trust	1.780%	06/15/2022	0.1%
Harley-Davidson Financial Services Inc	3.141%	05/21/2020	0.1%
Ford Credit Auto Owner Trust 2015-REV1	2.120%	07/15/2026	0.1%
Federation des Caisses Desjardins du Quebec	3.081%	10/30/2020	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%
Mitsubishi UFJ Financial Grp, Inc.	3.415%	07/26/2021	0.1%
Gracechurch Card Funding PLC	2.840%	07/15/2022	0.1%
American Express Credit Account Master Trust	1.770%	11/15/2022	0.1%
DowDuPont Inc	3.228%	11/15/2020	0.1%
New York Life Global Funding	3.016%	01/28/2021	0.1%
Continental Rubber of America Corp.	0.000%	06/03/2019	0.1%
EnCana Corp.	0.000%	06/07/2019	0.1%
Sherwin-Williams Co.	0.000%	06/12/2019	0.1%
Autoliv ASP Inc	0.000%	06/21/2019	0.1%
EnCana Corp.	0.000%	06/20/2019	0.1%
Royal Caribbean Cruises Ltd.	0.000%	06/04/2019	0.1%
Pentair Finance SA	0.000%	06/11/2019	0.1%
Morgan Stanley	3.768%	06/16/2020	0.1%
Noble Energy, Inc.	0.000%	06/05/2019	0.1%
General Motors Financial Co., Inc.	4.064%	10/04/2019	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%
Marriott International, Inc.	0.000%	06/18/2019	0.1%
DLL 2018-1 LLC	2.810%	11/17/2020	0.1%
American Express Credit Account Master Trust	2.890%	09/16/2024	0.1%
Manufacturers & Traders Trust Co	3.041%	01/25/2021	0.1%
Flagship Credit Auto Trust 2018-2	2.970%	10/17/2022	0.1%
Sherwin-Williams Co.	0.000%	06/27/2019	0.1%
Marlette Funding Trust 2018-4	3.710%	12/15/2028	0.1%
Arrow Electronics, Inc.	0.000%	06/04/2019	0.1%
Westlake Automobile Receivables Trust 2018-3	2.980%	01/18/2022	0.1%
Branch Banking & Trust Co.	3.237%	01/15/2020	0.1%
Barclays Dryrock Issuance Trust	2.740%	05/15/2023	0.1%
Royal Caribbean Cruises Ltd.	0.000%	06/18/2019	0.1%
Boston Scientific Corp.	0.000%	06/18/2019	0.1%
FREED ABS TRUST 2018-2	3.990%	10/20/2025	0.1%
General Motors Financial Co., Inc.	0.000%	06/12/2019	0.1%
GM Financial Automobile Leasing Trust 2019-2	2.670%	03/21/2022	0.1%
Americredit Automobile Receivables Trust 2018-3	3.110%	01/18/2022	0.1%
Americredit Automobile Receivables Trust 2018-3	2.691%	01/18/2022	0.1%
Conn's Receivables Funding 2018-A LLC	3.250%	01/15/2023	0.1%
Ford Motor Credit Co. LLC	3.528%	08/12/2019	0.1%
Toronto-Dominion Bank	3.011%	01/25/2021	0.1%
WGL Holdings, Inc.	0.000%	06/06/2019	0.1%
Synchrony Credit Card Master Note Trust	3.360%	03/15/2024	0.1%
Chase Issuance Trust	1.270%	07/15/2021	0.1%
Chesapeake Funding II LLC	2.780%	08/15/2029	0.1%
Morgan Stanley	3.905%	01/27/2020	0.1%
UBS AG	3.333%	08/14/2019	0.1%
Citibank, Inc.	3.061%	09/18/2019	0.1%
Textron, Inc.	3.247%	11/10/2020	0.1%
Campbell Soup Co.	3.288%	03/16/2020	0.1%
Arrow Electronics, Inc.	0.000%	06/05/2019	0.1%
Enable Midstream Partners L.P.	0.000%	06/07/2019	0.1%
Skandinaviska Enskilda Banken AB	3.349%	09/13/2019	0.1%
Marriott International, Inc.	0.000%	06/03/2019	0.1%
BAT International Finance plc	0.000%	07/30/2019	0.1%
General Motors Financial Co., Inc.	0.000%	06/05/2019	0.1%
Constellation Brands, Inc.	0.000%	06/20/2019	0.1%
Ford Motor Credit Co. LLC	3.605%	04/05/2021	0.1%
Discover Card Execution Note Trust	1.900%	10/17/2022	0.1%
General Electric Co.	3.223%	03/28/2020	0.1%
Citigroup, Inc.	4.075%	10/26/2020	0.1%
Siemens Financial Services, Inc.	3.128%	03/16/2020	0.1%
Danske Bank A/S	3.125%	03/02/2020	0.1%
Daimler Finance North America LLC	3.263%	05/05/2020	0.1%
Drive Auto Receivables Trust 2018-5	3.080%	07/15/2021	0.1%
Santander UK plc	3.246%	06/01/2021	0.1%
SL Green Operating Partnership L.P.	3.663%	08/16/2021	0.1%
NextGear Floorplan Master Owner Trust	3.040%	10/15/2023	0.1%
First Investors Auto Owner Trust 2018-2	3.230%	12/15/2022	0.1%
Capital Auto Receivables Asset Trust 2018-1	2.930%	06/20/2022	0.1%
Bristol-Myers Squibb Co.	2.725%	11/16/2020	0.1%
Pentair Finance SA	0.000%	06/14/2019	0.1%
Deutsche Telekom International Finance	3.254%	09/19/2019	0.1%
Boston Scientific Corp.	0.000%	08/14/2019	0.1%
Bank of Montreal	3.376%	12/12/2019	0.1%
Pentair Finance SA	0.000%	06/07/2019	0.1%
Santander Drive Auto Receivables Trust 2016-2	4.380%	09/15/2023	0.1%
Springleaf Funding Trust 2016-A	2.900%	11/15/2029	0.1%
Capital One Multi-Asset Execution Trust	2.950%	09/16/2024	0.1%
Vulcan Materials Co.	3.388%	06/15/2020	0.1%
SunTrust Banks, Inc.	3.265%	10/26/2021	0.1%
Chase Issuance Trust	1.580%	08/15/2021	0.1%
PFS Financing Corp.	2.400%	10/17/2022	0.1%
NextGear Floorplan Master Owner Trust	2.540%	04/18/2022	0.1%
Daimler Finance North America LLC	3.403%	02/22/2022	0.1%
Santander Drive Auto Receivables Trust 2018-5	3.520%	12/15/2022	0.1%
Chase Issuance Trust	2.640%	04/17/2023	0.1%
Nissan Motor Acceptance Corp.	3.128%	09/13/2019	0.1%
General Electric Co.	3.587%	04/15/2020	0.1%
Citizens Bank N.A.	3.155%	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%
Bank of America Corp.	3.242%	10/01/2021	0.1%
AIG Global Funding	3.080%	07/02/2020	0.1%
Sempra Energy	3.097%	01/15/2021	0.1%
Santander Drive Auto Receivables Trust 2016-3	2.800%	08/15/2022	0.1%
WGL Holdings, Inc.	0.000%	06/05/2019	0.1%
Enterprise Fleet Financing LLC	2.870%	10/20/2023	0.1%
California Republic Auto Receivables Trust 2017-1	2.280%	06/15/2022	0.1%
Sofi Professional Loan Program 2018-B Trust	2.640%	08/25/2047	0.1%
Mondelez International Holdings Netherlands BV	3.375%	10/28/2019	0.1%
Australia & New Zealand Banking Group Ltd.	3.143%	05/17/2021	0.1%
Drive Auto Receivables Trust 2018-5	2.760%	07/15/2021	0.1%
American Credit Acceptance Receivables Trust 2019-	3.320%	04/12/2023	0.1%
SMB Private Education Loan Trust 2018-B	2.760%	12/16/2024	0.1%
Dominion Gas Holdings LLC	3.211%	06/15/2021	0.1%
CPS Auto Trust	3.310%	12/15/2022	0.1%
CRH America Finance, Inc.	0.000%	07/10/2019	0.1%
Ford Credit Floorplan Master Owner Trust A	1.980%	01/15/2022	0.1%
Wabtec Corp.	3.911%	09/15/2021	0.1%
AXIS Equipment Finance Receivables VI LLC	3.890%	07/20/2022	0.1%
Daimler Finance North America LLC	3.128%	02/12/2021	0.1%
Citibank, Inc.	2.892%	10/20/2020	0.1%
Engs Commercial Finance Trust 2018-1	2.970%	02/22/2021	0.1%
Drive Auto Receivables Trust	5.150%	08/15/2022	0.1%
Drive Auto Receivables Trust	3.360%	10/17/2022	0.1%
Drive Auto Receivables Trust	3.720%	10/17/2022	0.1%
Capital One Financial Corp.	3.458%	05/12/2020	0.1%
Westlake Automobile Receivables Trust 2016-3	2.460%	01/18/2022	0.1%
Branch Banking & Trust Co.	2.846%	06/01/2020	0.1%
ConAgra Brands, Inc.	3.297%	10/09/2020	0.1%
Australia & New Zealand Banking Group Ltd.	3.054%	12/19/2019	0.1%
John Deere Capital Corp.	2.915%	07/05/2019	0.1%
Barclays Bank plc	3.535%	10/28/2019	0.1%
Santander UK plc	3.038%	11/03/2020	0.1%
Citibank Credit Card Issuance Trust	2.880%	01/23/2023	0.1%
Assurant, Inc.	4.072%	03/26/2021	0.1%
Constellation Brands, Inc.	0.000%	06/21/2019	0.1%
Drive Auto Receivables Trust	4.530%	08/15/2023	0.1%
General Dynamics Corp.	2.987%	05/11/2020	0.1%
Australia & New Zealand Banking Group Ltd.	3.183%	08/19/2020	0.1%
ABN Amro Bank NV	3.171%	01/19/2021	0.1%
American Express Credit Account Master Trust	2.670%	10/17/2022	0.1%
QUALCOMM, Inc.	3.194%	05/20/2020	0.1%
Honda Auto Receivables 2017-3 Owner Trust	1.790%	09/20/2021	0.1%
Aviation Capital Group Corp.	3.421%	07/30/2021	0.1%
Lloyds Banking Group plc	3.590%	06/21/2021	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%
Exeter Automobile Receivables Trust 2017-3	2.050%	12/15/2021	0.1%
Bayer US Finance II LLC	3.232%	06/25/2021	0.1%
Australia & New Zealand Banking Group Ltd.	3.017%	11/09/2020	0.1%
Wells Fargo Bank, N.A.	3.389%	12/06/2019	0.1%
Bunge Asset Funding Corp	0.000%	06/05/2019	0.1%
CRH America Finance, Inc.	0.000%	07/01/2019	0.1%
TransCanada Pipelines Ltd.	0.000%	07/12/2019	0.1%
EnCana Corp.	0.000%	07/09/2019	0.1%
Ford Motor Credit Co. LLC	0.000%	11/25/2019	0.1%
ACC Trust 2019-1	3.750%	05/20/2022	0.1%
SCF Equipment Leasing 2018-1 LLC	3.630%	10/20/2024	0.1%
Master Credit Card Trust II	3.400%	01/21/2022	0.1%
Bell Canada, Inc.	0.000%	06/03/2019	0.1%
Sumitomo Mitsui Trust Bank Ltd	3.244%	09/19/2019	0.1%
World Financial Network Credit Card Master Trust	1.980%	08/15/2023	0.1%
CRH America Finance, Inc.	0.000%	07/26/2019	0.1%
EnCana Corp.	0.000%	07/08/2019	0.1%
BA Credit Card Trust	1.950%	08/15/2022	0.1%
Pentair Finance SA	0.000%	06/13/2019	0.1%
AmeriCredit Automobile Receivables Trust 2017-4	2.040%	07/18/2022	0.1%
Drive Auto Receivables Trust	3.720%	09/16/2024	0.1%
California Republic Auto Receivables Trust 2018-1	2.860%	03/15/2021	0.1%
Citibank Credit Card Issuance Trust	1.800%	09/20/2021	0.1%
Branch Banking & Trust Co.	3.502%	01/15/2020	0.1%
Boston Scientific Corp.	0.000%	06/17/2019	0.1%
Barclays Dryrock Issuance Trust	2.770%	07/15/2024	0.1%
BMW US Capital LLC	3.207%	04/12/2021	0.1%
Phillips 66	3.246%	02/26/2021	0.0%
American Express Credit Corp.	3.174%	08/15/2019	0.0%
Alimentation Couche-Tard, Inc.	3.279%	12/13/2019	0.0%
Drive Auto Receivables Trust	3.010%	11/15/2021	0.0%
Foursight Capital Automobile Receivables Trust 201	2.850%	08/16/2021	0.0%
National Australia Bank Ltd.	3.457%	12/09/2019	0.0%
Entergy Corp.	0.000%	07/09/2019	0.0%
General Motors Financial Co., Inc.	3.727%	04/13/2020	0.0%
ING Bank NV	3.294%	08/15/2019	0.0%
Becton, Dickinson & Co.	3.678%	12/29/2020	0.0%
General Motors Financial Co., Inc.	4.347%	01/15/2020	0.0%
Eni Finance USA, Inc.	0.000%	07/24/2019	0.0%
Sofi Professional Loan Program 2018-A LLC	2.390%	02/25/2042	0.0%
FREED ABS TRUST 2018-1	3.610%	07/18/2024	0.0%
Standard Chartered plc	3.813%	08/19/2019	0.0%
American Credit Acceptance Receivables Trust 2018-	2.940%	01/10/2022	0.0%
Gilead Sciences, Inc.	3.042%	09/20/2019	0.0%
Nissan Motor Acceptance Corp.	2.987%	09/28/2020	0.0%
Daimler Finance North America LLC	3.288%	05/04/2021	0.0%
Capital One NA/Mclean VA	3.544%	09/13/2019	0.0%
Sherwin-Williams Co.	0.000%	06/10/2019	0.0%
PFS Financing Corp.	1.870%	10/15/2021	0.0%
Ascentium Equipment Receivables 2017-1 Trust	2.290%	06/10/2021	0.0%
CPS Auto Receivables Trust 2016-C	3.270%	06/15/2022	0.0%
World Financial Network Credit Card Master Trust	3.340%	04/17/2023	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%
Kraft Heinz Foods Co.	3.117%	08/09/2019	0.0%
Barclays Dryrock Issuance Trust	2.410%	07/15/2022	0.0%
Nordea Bank Abp	3.423%	09/30/2019	0.0%
Marriott International, Inc.	0.000%	06/19/2019	0.0%
AmeriCredit Automobile Receivables Trust 2016-3	2.710%	09/08/2022	0.0%
Harris Corp.	3.231%	04/30/2020	0.0%
Nissan Motor Acceptance Corp.	3.177%	01/13/2020	0.0%
CarMax Auto Owner Trust	3.110%	08/15/2022	0.0%
Wheels SPV 2 LLC	3.060%	04/20/2027	0.0%
Noble Energy, Inc.	0.000%	06/04/2019	0.0%
CPS Auto Receivables Trust 2014-C	4.830%	08/17/2020	0.0%
CPS Auto Trust	2.870%	09/15/2021	0.0%
PFS Financing Corp.	3.040%	02/15/2022	0.0%
Capital Auto Receivables Asset Trust 2018-2	3.480%	10/20/2023	0.0%
Chesapeake Funding II LLC	2.780%	11/15/2029	0.0%
Capital Auto Receivables Asset Trust 2017-1	2.020%	08/20/2021	0.0%
MMAF Equipment Finance LLC 2014-A	1.590%	02/08/2022	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%
Drive Auto Receivables Trust 2017-2	2.750%	09/15/2023	0.0%
Lloyds Bank plc	5.800%	01/13/2020	0.0%
Ford Motor Credit Co. LLC	3.006%	11/02/2020	0.0%
Shire Acquisitions Investments Ireland Designated	1.900%	09/23/2019	0.0%
Exeter Automobile Receivables Trust 2015-1	5.830%	12/15/2021	0.0%
Verizon Owner Trust 2017-1	2.450%	09/20/2021	0.0%
Goldman Sachs Group, Inc.	3.940%	04/23/2021	0.0%
CPS Auto Receivables Trust 2018-B	2.720%	09/15/2021	0.0%
World Financial Network Credit Card Master Trust	2.550%	06/17/2024	0.0%
BAT Capital Corp	3.283%	08/14/2020	0.0%
General Motors Co.	3.539%	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%
Chrysler Capital Auto Receivables Trust	3.150%	01/18/2022	0.0%
UBS Group Funding Switzerland AG	4.042%	09/24/2020	0.0%
Drive Auto Receivables Trust	3.660%	11/15/2024	0.0%
Drive Auto Receivables Trust 2017-1	2.840%	04/15/2022	0.0%
American Express Co.	3.081%	10/30/2020	0.0%
Barclays Dryrock Issuance Trust 2016-1	1.520%	05/16/2022	0.0%
OneMain Financial Issuance Trust 2016-1A	3.660%	02/20/2029	0.0%
World Financial Network Credit Card Master Trust	3.090%	04/17/2023	0.0%
American Credit Acceptance Receivables Trust 2016-	4.260%	08/12/2022	0.0%
Flagship Credit Auto Trust 2016-3	2.430%	06/15/2021	0.0%
Royal Caribbean Cruises Ltd.	0.000%	06/10/2019	0.0%
Toyota Auto Receivables 2016-D Owner Trust	1.230%	10/15/2020	0.0%
SOFI PROFESSIONAL LOAN PROGRAM 2017-F LLC	2.050%	01/25/2041	0.0%
Canadian Imperial Bank of Commerce	3.259%	09/06/2019	0.0%
Morgan Stanley	4.161%	04/21/2021	0.0%
AmeriCredit Automobile Receivables Trust 2015-3	2.730%	03/08/2021	0.0%
AT&T, Inc.	3.437%	01/15/2020	0.0%
Boston Scientific Corp.	0.000%	07/23/2019	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%
Pentair Finance SA	2.650%	12/01/2019	0.0%
Westlake Automobile Receivables Trust 2016-2	4.100%	06/15/2021	0.0%
Flagship Credit Auto Trust 2016-1	3.910%	06/15/2022	0.0%
National Australia Bank Ltd.	3.373%	01/10/2020	0.0%
TCF Auto Receivables Owner Trust 2015-2	2.550%	04/15/2021	0.0%
PNC Bank NA	2.842%	01/22/2021	0.0%
First National Master Note Trust 2017-2	2.880%	10/16/2023	0.0%
OSCAR US Funding Trust VII LLC	3.101%	11/10/2020	0.0%
Daimler Finance North America LLC	3.113%	02/22/2021	0.0%
Drive Auto Receivables Trust	2.980%	01/18/2022	0.0%
Santander Drive Auto Receivables Trust 2018-3	2.780%	03/15/2021	0.0%
Nissan Motor Acceptance Corp.	2.987%	07/13/2020	0.0%
Marriott International, Inc.	0.000%	06/21/2019	0.0%
Australia & New Zealand Banking Group Ltd.	3.484%	09/23/2019	0.0%
Express Scripts Holding Co.	3.376%	11/30/2020	0.0%
HSBC USA, Inc.	3.298%	11/13/2019	0.0%
Citibank, Inc.	3.276%	06/12/2020	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%
Eni Finance USA, Inc.	0.000%	07/05/2019	0.0%
Volkswagen Group of America Finance LLC	3.638%	11/12/2021	0.0%
Westgate Resorts 2018-1 LLC	3.380%	12/20/2031	0.0%
Chesapeake Funding II LLC	1.990%	05/15/2029	0.0%
Royal Bank of Canada	3.005%	10/26/2020	0.0%
Westlake Automobile Receivables Trust 2018-1	2.920%	05/15/2023	0.0%
Enbridge US Inc	0.000%	07/15/2019	0.0%
Phillips 66	3.537%	04/15/2020	0.0%
Nissan Auto Receivables 2017-C Owner Trust	2.120%	04/18/2022	0.0%
Ascentium Equipment Receivables 2017-2 Trust	2.000%	05/11/2020	0.0%
Capital Auto Receivables Asset Trust	3.340%	03/22/2021	0.0%
Chesapeake Funding II LLC	2.110%	03/15/2028	0.0%
AmeriCredit Automobile Receivables Trust 2016-3	2.240%	04/08/2022	0.0%
CarMax Auto Owner Trust	1.400%	08/15/2021	0.0%
Credit Acceptance Auto Loan Trust 2016-3	2.150%	04/15/2024	0.0%
BMW US Capital LLC	3.175%	04/06/2020	0.0%
Wells Fargo Bank, N.A.	3.097%	01/15/2021	0.0%
California Republic Auto Receivables Trust 2015-4	2.580%	06/15/2021	0.0%
Chesapeake Funding II LLC	1.880%	06/15/2028	0.0%
Fifth Third Bank, OH	3.412%	09/27/2019	0.0%
Flagship Credit Auto Trust	3.050%	08/16/2021	0.0%
JPMorgan Chase Bank NA	3.414%	09/23/2019	0.0%
Citizens Bank N.A.	3.216%	05/26/2020	0.0%
ING Bank NV	3.487%	10/01/2019	0.0%
Svenska Handelsbanken AB	3.229%	09/06/2019	0.0%
Americredit Automobile Receivables Trust 2016-4	1.830%	12/08/2021	0.0%
Foursight Capital Automobile Receivables Trust 201	4.120%	09/15/2022	0.0%
ING Bank NV	3.653%	08/17/2020	0.0%
CCG Receivables Trust 2018-1	2.500%	06/16/2025	0.0%
Drive Auto Receivables Trust 2017-3	2.800%	07/15/2022	0.0%
Access Point Funding I 2017-1 LLC	3.060%	04/15/2029	0.0%
Chesapeake Funding II LLC	2.890%	05/15/2029	0.0%
Sofi Professional Loan Program 2017-C LLC	1.750%	07/25/2040	0.0%
ING Bank NV	3.294%	08/15/2019	0.0%
Flagship Credit Auto Trust 2017-3	1.880%	10/15/2021	0.0%
CPS Auto Receivables Trust 2018-A	2.770%	04/18/2022	0.0%
Drive Auto Receivables Trust 2018-2	2.880%	06/15/2021	0.0%
ACC Trust 2018-1	3.700%	12/21/2020	0.0%
SoFi Professional Loan Program 2017-E LLC	1.860%	11/26/2040	0.0%
Royal Bank of Canada	2.995%	03/02/2020	0.0%
Mercedes-Benz Auto Lease Trust 2018-A	2.200%	04/15/2020	0.0%
Capital Auto Receivables Asset Trust	2.670%	08/20/2020	0.0%
Sofi Consumer Loan Program 2017-5 LLC	2.140%	09/25/2026	0.0%
Drive Auto Receivables Trust	3.190%	07/15/2022	0.0%
Drive Auto Receivables Trust	2.610%	08/16/2021	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%
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 2016-2	3.390%	04/15/2022	0.0%
CPS Auto Receivables Trust 2018-B	3.230%	07/15/2022	0.0%
Canadian Imperial Bank of Commerce	2.891%	02/02/2021	0.0%
Flagship Credit Auto Trust 2017-4	2.070%	04/15/2022	0.0%
Chesapeake Funding II LLC	1.910%	08/15/2029	0.0%
Mississippi Power Co.	3.472%	03/27/2020	0.0%
AmeriCredit Automobile Receivables 2015-1	2.510%	01/08/2021	0.0%
Santander Drive Auto Receivables Trust 2017-2	2.210%	10/15/2021	0.0%
Morgan Stanley	3.512%	07/23/2019	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%
Santander Drive Auto Receivables Trust	3.240%	04/15/2021	0.0%
Enterprise Fleet Financing LLC	1.970%	01/20/2023	0.0%
Master Credit Card Trust II	2.560%	07/21/2021	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%
Navient Student Loan Trust 2018-1	2.620%	03/25/2067	0.0%
DLL Securitization Trust 2017-A	1.890%	07/15/2020	0.0%
CPS Auto Trust	2.680%	05/17/2021	0.0%
CPS Auto Receivables Trust 2017-C	2.300%	07/15/2021	0.0%
Chrysler Capital Auto Receivables Trust 2016-B	1.640%	07/15/2021	0.0%
Barclays Dryrock Issuance Trust 2017-1	2.770%	03/15/2023	0.0%
Enterprise Fleet Financing LLC	2.130%	07/20/2022	0.0%
Chesapeake Funding II LLC	3.440%	06/15/2028	0.0%
Springleaf Funding Trust	3.160%	11/15/2024	0.0%
Santander Drive Auto Receivables Trust 2015-4	2.970%	03/15/2021	0.0%
TCF Auto Receivables Owner Trust 2016-PT1	1.930%	06/15/2022	0.0%
Ford Motor Credit Co. LLC	3.495%	11/04/2019	0.0%
First Investors Auto Owner Trust	2.000%	03/15/2022	0.0%
Santander Drive Auto Receivables Trust 2017-3	1.870%	06/15/2021	0.0%
California Republic Auto Receivables Trust 2016-2	1.830%	12/15/2021	0.0%
First Investors Auto Owner Trust 2017-2	1.860%	10/15/2021	0.0%
AmeriCredit Automobile Receivables Trust 2016-3	1.460%	05/10/2021	0.0%
AmeriCredit Automobile Receivables Trust 2015-2	2.400%	01/08/2021	0.0%
CPS Auto Receivables Trust 2017-D	1.870%	03/15/2021	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%
Carmax Auto Owner Trust	1.390%	05/17/2021	0.0%
First Investors Auto Owner Trust 2016-2	1.870%	11/15/2021	0.0%
Kansas Gas & Electric Co.	6.700%	06/15/2019	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%
SoFi Professional Loan Program 2017-A LLC	1.550%	03/26/2040	0.0%
Engs Commercial Finance Trust	2.630%	02/22/2022	0.0%
OneMain Financial Issuance Trust 2016-2	4.100%	03/20/2028	0.0%
CarMax Auto Owner Trust	1.560%	11/16/2020	0.0%
Nissan Auto Receivables 2016-B Owner Trust	1.320%	01/15/2021	0.0%
CarMax Auto Owner Trust 2017-3	1.640%	09/15/2020	0.0%
Santander Drive Auto Receivables Trust 2015-5	2.740%	12/15/2021	0.0%
Santander Drive Auto Receivables Trust 2016-3	1.890%	06/15/2021	0.0%
Dell Equipment Finance Trust	2.140%	04/22/2022	0.0%
Westlake Automobile Receivables Trust 2016-2	2.830%	05/17/2021	0.0%
California Republic Auto Receivables Trust	1.750%	01/15/2021	0.0%
Bank of Montreal	3.430%	07/18/2019	0.0%
Drive Auto Receivables Trust	2.780%	10/15/2020	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%

Dividends & Cap Gains

DIVIDEND PAYMENTS

For

YTD Dividends Paidas of 07/18/2019: $0.129
Dividend Frequency: Monthly (Daily Accrual)

Record Date	Ex-Dividend Date	Reinvest & Payable Date	Dividend	Reinvest Price
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	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 06/30/2019

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.

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.

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 07/18/2019

30-Day Standardized Yield 2 as of 06/30/2019

Expense Ratioas of 06/30/2019

Fund Basicsas of 06/28/2019

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 06/28/2019 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 06/28/2019

Portfolio Positioning as of 06/30/2019

Portfolio Details as of 06/28/2019

Dividends & Cap Gains

Dividends & Cap Gains

DIVIDEND PAYMENTS

DIVIDEND PAYMENTS

Upcoming Dividend Payment Dates

7 Day Yield ^1,4 as of 07/18/2019

30-Day Standardized Yield ² as of 06/30/2019