Ultra Short Bond Fund

LUBAX

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Daily price w/o sales charge as of 04/01/2020

$9.87

$0.02

YTD Returns w/o sales charge as of 04/01/2020

-1.14%

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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 04/01/2020

w/o sales charge	1.69%
w/ sales charge	-

30-Day Standardized Yield ² as of 02/29/2020

	Subsidized⁵	Un-Subsidized⁶
w/o sales charge	1.68%	1.64%

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

Expense Ratioas of 02/29/2020

Expense ratio details, Click here.

The net expense ratio takes into account contractual fee waivers/expense reimbursements that currently are scheduled to remain in place through 03/31/2020. For periods when fees and expenses were waived and/or reimbursed, the Fund benefited by not bearing such expenses. Without such fee waivers/reimbursements, performance would have been lower.

Fund Basicsas of 02/28/2020

Total Net Assets: $22.69 B
Inception Date: 10/17/2016
Dividend Frequency: Monthly (Daily Accrual)
Number of Holdings: 670
Minimum Initial Investment: $1,500+

Fund Expense Ratio :

0.45%

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

w/o sales charge	-1.35%	0.58%	1.48%	-	-	1.43%
Lipper Category Avg. Ultra-Short Obligations Funds	-	-	-	-	-	-
ICE BofAML U.S. Treasury Bill Index	0.65%	2.37%	1.86%	-	-	1.66%
w/ sales charge	-1.35%	0.58%	1.48%	-	-	1.43%

Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.

Fund Expense Ratio :

0.45%

Fund Expense Ratio :

0.45%

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

w/o sales charge	-1.35%	0.58%	1.48%	-	-	1.43%
Lipper Category Avg. Ultra-Short Obligations Funds	-	-	-	-	-	-
ICE BofAML U.S. Treasury Bill Index	0.65%	2.37%	1.86%	-	-	1.66%
w/ sales charge	-1.35%	0.58%	1.48%	-	-	1.43%

Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.

Fund Expense Ratio :

0.45%

Credit Quality Distribution as of 02/28/2020 View Portfolio

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

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

INVESTMENT TEAM

Yoana N. Koleva, CFA

Managing Director & Portfolio Manager

16 Years of Industry Experience

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

Managing Director, Portfolio Manager

11 Years of Industry Experience

Supported By 64 Investment Professionals with 17 Years Avg. Industry Experience

Your Representative

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

Performance

NAV HISTORICAL PRICES

Date	Net Asset Value

Fund Expense Ratio :

0.45%

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

w/o sales charge	-1.35%	0.58%	1.48%	-	-	1.43%
Lipper Category Avg. Ultra-Short Obligations Funds	-	-	-	-	-	-
ICE BofAML U.S. Treasury Bill Index	0.65%	2.37%	1.86%	-	-	1.66%

Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.

Fund Expense Ratio :

0.45%

Fund Expense Ratio :

0.45%

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

w/o sales charge	-1.35%	0.58%	1.48%	-	-	1.43%
Lipper Category Avg. Ultra-Short Obligations Funds	-	-	-	-	-	-
ICE BofAML U.S. Treasury Bill Index	0.65%	2.37%	1.86%	-	-	1.66%

Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.

Fund Expense Ratio :

0.45%

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

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

Year	Q1	Q2	Q3	Q4	Yearly Returns

2020	-1.35%	-	-	-	-1.14%
2019	0.86%	0.74%	0.59%	0.62%	2.83%
2018	0.32%	0.53%	0.66%	0.40%	1.93%
2017	0.35%	0.39%	0.33%	0.35%	1.42%
2016	-	-	-	-	0.15%

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

GROWTH OF $10,000 as of 02/29/2020

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

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

Portfolio

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

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

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

CREDIT QUALITY DISTRIBUTION as of 02/28/2020

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

Portfolio Positioning as of 12/31/2019

The portfolio maintained its diversified exposure beyond the Treasury securities represented in its benchmark, the ICE BofA Merrill Lynch U.S. Treasury Bill Index. The portfolio primarily invests in investment grade bonds with floating rate coupons, asset-backed securities, and commercial paper, all with short maturities. We favor these asset classes as we believe they exhibit attractive risk-adjusted carry opportunities.
The 3-month London Interbank Offered Rate (“LIBOR”) declined during the period, ending the quarter at 1.91%, 18 basis points lower than levels seen last quarter. Falling LIBOR rates can result in lower coupon income generated by the strategy as a large portion of the portfolio is allocated to securities with floating rate coupons that are tied to LIBOR.
Due to the repo market dislocation, commercial paper spreads widened. We took advantage of this displacement by adding to short-term commercial paper in order to capture the higher rate levels, ultimately bringing down the portfolio’s overall average duration.
Following strong performance in the beginning of the quarter, we reduced the portfolio’s allocation to corporate bonds with floating rate coupons. While we remain attracted to floating rate notes, we rotated a portion of our exposure to other asset classes including commercial paper.
As securities have rolled off and valuations have tightened, we reduced the portfolio’s allocation to asset-backed securities (“ABS”). We continue to remain attracted to the sector, primarily within the auto-loan and credit card receivable space.

Portfolio Details as of 02/28/2020

Total Net Assets: $22.69 B
Number of Issues: 670
Average Coupon: 1.62%
Average Life: 0.83 Years
Average Effective Duration: 0.2 Years

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

Holding	Coupon	Maturity	Assets

United States Treasury Bill	0.000%	03/26/2020	1.7%
Goldman Sachs Group, Inc.	3.094%	04/23/2020	1.1%
Morgan Stanley	3.146%	01/20/2022	1.0%
Wells Fargo & Co.	2.831%	02/11/2022	0.9%
Bank of America Corp.	2.626%	07/21/2021	0.9%
Goldman Sachs Group, Inc.	3.046%	04/26/2022	0.8%
Morgan Stanley	2.732%	07/22/2022	0.8%
JPMorgan Chase & Co.	2.652%	03/09/2021	0.7%
Wells Fargo & Co.	2.682%	07/22/2020	0.6%
JPMorgan Chase & Co.	2.587%	06/01/2021	0.6%

% of Total Assets			9.1%

Holding	Coupon	Maturity	Assets

United States Treasury Bill	0.000%	03/26/2020	1.7%
Goldman Sachs Group, Inc.	3.094%	04/23/2020	1.1%
Morgan Stanley	3.146%	01/20/2022	1.0%
Wells Fargo & Co.	2.831%	02/11/2022	0.9%
Bank of America Corp.	2.626%	07/21/2021	0.9%
Goldman Sachs Group, Inc.	3.046%	04/26/2022	0.8%
Morgan Stanley	2.732%	07/22/2022	0.8%
JPMorgan Chase & Co.	2.652%	03/09/2021	0.7%
Wells Fargo & Co.	2.682%	07/22/2020	0.6%
JPMorgan Chase & Co.	2.587%	06/01/2021	0.6%
DuPont de Nemours Inc	0.000%	04/01/2020	0.6%
World Financial Network Credit Card Master Trust	2.310%	08/15/2024	0.6%
Energy Transfer Partners L.P.	0.000%	03/04/2020	0.6%
Energy Transfer Partners L.P.	0.000%	03/16/2020	0.6%
Becton, Dickinson & Co.	0.000%	03/30/2020	0.6%
Goldman Sachs Group, Inc.	2.707%	10/31/2022	0.6%
Volkswagen Group of America Finance LLC	2.675%	11/13/2020	0.6%
Bank of America NA	2.260%	05/24/2021	0.6%
Harris Corp.	0.000%	03/13/2020	0.6%
Wells Fargo Bank, N.A.	2.434%	07/23/2021	0.6%
Morgan Stanley	2.280%	01/20/2023	0.6%
JPMorgan Chase & Co.	2.755%	06/18/2022	0.5%
Royal Caribbean Cruises Ltd.	0.000%	03/12/2020	0.5%
PNC Bank NA	2.252%	07/22/2022	0.5%
Crown Castle International Corp.	0.000%	03/17/2020	0.5%
Mylan, Inc.	0.000%	03/20/2020	0.4%
Florida Power & Light Co.	2.308%	05/06/2022	0.4%
Broadcom Inc	0.000%	03/05/2020	0.4%
Daimler Finance North America LLC	2.561%	11/05/2021	0.4%
Boeing Co.	0.000%	03/04/2020	0.4%
Capital One Prime Auto Receivables Trust 2019-2	2.060%	09/15/2022	0.4%
Trillium Credit Card Trust II	3.038%	01/26/2024	0.4%
Dow Chemical Co.	0.000%	03/31/2020	0.4%
DuPont de Nemours Inc	0.000%	03/23/2020	0.4%
US Bank NA	2.285%	12/09/2022	0.4%
GM Financial Automobile Leasing Trust 2019-3	2.090%	10/20/2021	0.4%
Capital One Prime Auto Receivables Trust 2019-1	2.580%	04/15/2022	0.4%
Toronto-Dominion Bank	2.409%	03/17/2021	0.4%
Royal Bank of Canada	2.196%	01/17/2023	0.4%
Macquarie Bank Ltd.	2.357%	11/24/2021	0.4%
Amcor Finance USA Inc	0.000%	03/24/2020	0.4%
Alexandria Real Estate Equities, Inc.	0.000%	03/26/2020	0.4%
Mondelez International, Inc.	0.000%	04/07/2020	0.4%
Hewlett-Packard Co.	0.000%	03/09/2020	0.4%
Glencore Funding LLC	0.000%	03/24/2020	0.4%
Mondelez International, Inc.	0.000%	04/06/2020	0.4%
PNC Bank NA	2.004%	02/24/2023	0.4%
Boeing Co.	0.000%	11/18/2020	0.4%
AbbVie, Inc.	2.153%	11/19/2021	0.4%
Mylan, Inc.	0.000%	03/06/2020	0.4%
Citibank, Inc.	2.499%	05/20/2022	0.4%
Broadcom Inc	0.000%	03/18/2020	0.4%
Ventas Realty L.P.	0.000%	03/10/2020	0.4%
Capital One Multi-Asset Execution Trust	1.990%	07/17/2023	0.4%
NBCUniversal Enterprise, Inc.	2.499%	04/01/2021	0.4%
BAT International Finance plc	0.000%	03/26/2020	0.4%
ONEOK, Inc.	0.000%	03/03/2020	0.4%
BAT Capital Corp	2.790%	08/15/2022	0.4%
EnCana Corp.	0.000%	03/04/2020	0.4%
Westlake Automobile Receivables Trust 2019-3	2.150%	02/15/2023	0.3%
Jackson National Life Global Funding	2.301%	10/15/2020	0.3%
Bank of America NA	2.114%	07/26/2021	0.3%
BMW US Capital LLC	2.411%	04/12/2021	0.3%
Starbucks Corp.	0.000%	05/13/2020	0.3%
Royal Caribbean Cruises Ltd.	0.000%	03/09/2020	0.3%
Cigna Corp	2.489%	03/17/2020	0.3%
ONEOK, Inc.	0.000%	03/04/2020	0.3%
Wells Fargo Bank, N.A.	2.798%	09/09/2022	0.3%
Constellation Brands, Inc.	2.610%	11/15/2021	0.3%
Crown Castle International Corp.	0.000%	03/06/2020	0.3%
Crown Castle International Corp.	0.000%	03/03/2020	0.3%
Ford Credit Floorplan Master Owner Trust A	2.070%	05/15/2022	0.3%
PNC Bank NA	2.482%	03/12/2021	0.3%
HSBC Holdings plc	2.782%	09/11/2021	0.3%
Royal Bank of Canada	2.340%	01/25/2021	0.3%
Citibank, Inc.	2.223%	02/19/2022	0.3%
Ford Credit Floorplan Master Owner Trust A	2.390%	08/15/2022	0.3%
American Honda Finance Corp.	2.640%	06/27/2022	0.3%
Principal Life Global Funding II	2.300%	10/06/2021	0.3%
Zimmer Biomet Holdings, Inc.	2.914%	03/19/2021	0.3%
PNC Bank NA	2.315%	12/09/2022	0.3%
Macquarie Bank Ltd.	2.358%	08/06/2021	0.3%
National Australia Bank Ltd.	2.251%	12/13/2022	0.3%
New York Life Global Funding	2.014%	01/10/2023	0.3%
Nutrien Ltd	0.000%	04/08/2020	0.3%
Bank of America Corp.	2.559%	10/01/2021	0.3%
BA Credit Card Trust	1.840%	01/17/2023	0.3%
Sempra Global	0.000%	03/26/2020	0.3%
Cigna Corp	2.789%	09/17/2021	0.3%
Toyota Auto Receivables 2020-A Owner Trust	1.670%	11/15/2022	0.3%
Citibank Credit Card Issuance Trust	1.920%	04/07/2022	0.3%
Toronto-Dominion Bank	2.437%	12/01/2022	0.3%
BP Capital Markets plc	0.000%	05/15/2020	0.3%
Boston Scientific Corp.	0.000%	03/10/2020	0.3%
Toronto-Dominion Bank	2.070%	07/30/2021	0.3%
American Electric Power Co., Inc.	0.000%	03/17/2020	0.3%
Welltower, Inc.	0.000%	03/06/2020	0.3%
Citibank, Inc.	2.504%	07/23/2021	0.3%
KeyBank NA	2.569%	02/01/2022	0.3%
Chesapeake Funding II LLC	2.138%	01/15/2031	0.3%
Broadcom Inc	0.000%	03/26/2020	0.3%
Daimler Finance North America LLC	2.810%	02/15/2022	0.3%
HSBC Holdings plc	2.504%	05/18/2021	0.3%
Sherwin-Williams Co.	0.000%	03/19/2020	0.3%
Drive Auto Receivables Trust 2019-4	2.320%	06/15/2022	0.3%
Ovintiv Inc	0.000%	04/06/2020	0.3%
CBS Corp.	0.000%	03/30/2020	0.3%
Sherwin-Williams Co.	0.000%	03/18/2020	0.3%
Boston Scientific Corp.	0.000%	03/04/2020	0.3%
Skandinaviska Enskilda Banken AB	2.532%	12/12/2022	0.3%
Wells Fargo Bank, N.A.	2.539%	05/27/2022	0.3%
Branch Banking & Trust Co.	2.494%	05/17/2022	0.3%
Regions Bank, Birmingham, AL	2.405%	08/13/2021	0.2%
BMW US Capital LLC	2.401%	08/13/2021	0.2%
JPMorgan Chase & Co.	3.387%	03/01/2021	0.2%
Honda Auto Receivables 2020-1 Owner Trust	1.630%	10/21/2022	0.2%
Capital One Prime Auto Receivables Trust 2020-1	1.640%	06/15/2023	0.2%
AbbVie, Inc.	2.245%	05/21/2021	0.2%
Ovintiv Inc	0.000%	04/01/2020	0.2%
Brookfield BRP Holdings Canada Inc	0.000%	03/04/2020	0.2%
Nissan Motor Acceptance Corp.	2.558%	09/21/2021	0.2%
Citigroup, Inc.	3.484%	03/30/2021	0.2%
Dominion Gas Holdings LLC	2.719%	06/15/2021	0.2%
Daimler Finance North America LLC	2.331%	02/12/2021	0.2%
Exeter Automobile Receivables Trust 2019-3	2.590%	09/15/2022	0.2%
National Australia Bank Ltd.	2.351%	01/12/2021	0.2%
TransCanada Pipelines Ltd.	0.000%	04/06/2020	0.2%
Carvana Auto Receivables Trust 2019-3	2.420%	04/15/2022	0.2%
Pentair Finance SA	0.000%	03/17/2020	0.2%
Caterpillar Financial Services Corp.	1.884%	11/12/2021	0.2%
General Motors Financial Co., Inc.	2.916%	04/13/2020	0.2%
DLL 2019-3 LLC	2.130%	01/20/2022	0.2%
Golden Credit Card Trust	2.108%	12/15/2022	0.2%
Humana, Inc.	0.000%	03/24/2020	0.2%
BMW US Capital LLC	2.531%	04/14/2022	0.2%
BAT International Finance plc	0.000%	03/03/2020	0.2%
BAT International Finance plc	0.000%	03/06/2020	0.2%
Dollar Tree, Inc.	2.702%	04/17/2020	0.2%
Aviation Capital Group Corp.	0.000%	03/17/2020	0.2%
Walgreen Co.	0.000%	06/08/2020	0.2%
NextEra Energy Capital Holdings, Inc.	2.464%	08/28/2021	0.2%
Union Bank N.A.	2.702%	03/07/2022	0.2%
Discover Card Execution Note Trust	2.149%	07/15/2024	0.2%
Marriott International, Inc.	2.507%	12/01/2020	0.2%
Bank of Montreal	2.202%	01/22/2021	0.2%
Sumitomo Mitsui Banking Corp	2.371%	10/16/2020	0.2%
Huntington National Bank	2.284%	02/05/2021	0.2%
Goldman Sachs Group, Inc.	2.660%	02/23/2023	0.2%
ING Groep NV	3.254%	03/29/2022	0.2%
Caterpillar Financial Services Corp.	2.294%	05/17/2021	0.2%
Bank of Montreal	2.291%	09/10/2021	0.2%
Royal Bank of Canada	2.377%	07/08/2021	0.2%
BMW Finance NV	2.691%	08/12/2022	0.2%
DNB Bank ASA	2.527%	12/02/2022	0.2%
Bank of New York Mellon/The	2.413%	06/04/2021	0.2%
PNC Bank NA	2.444%	06/10/2021	0.2%
Capital One Multi-Asset Execution Trust	2.000%	01/17/2023	0.2%
Caterpillar Financial Services Corp.	2.412%	03/08/2021	0.2%
BNP Paribas S.A.	2.284%	08/07/2021	0.2%
Southern Power Co	2.706%	12/20/2020	0.2%
Drive Auto Receivables Trust 2018-5	3.680%	07/15/2023	0.2%
Motiva Enterprises LLC	0.000%	03/13/2020	0.2%
Martin Marietta Materials, Inc.	2.549%	05/22/2020	0.2%
Walgreen Co.	0.000%	03/10/2020	0.2%
ONEOK, Inc.	0.000%	03/20/2020	0.2%
Bemis Co., Inc.	0.000%	03/18/2020	0.2%
Pentair Finance SA	0.000%	03/03/2020	0.2%
Sherwin-Williams Co.	0.000%	03/25/2020	0.2%
Toyota Motor Credit Corp.	1.832%	08/13/2021	0.2%
Broadcom Inc	0.000%	03/12/2020	0.2%
Berkshire Hathaway Energy Co.	0.000%	03/12/2020	0.2%
BAT International Finance plc	0.000%	03/10/2020	0.2%
Manufacturers & Traders Trust Co	2.547%	12/01/2021	0.2%
Nissan Master Owner Trust Receivables	2.088%	04/18/2022	0.2%
Humana, Inc.	0.000%	04/03/2020	0.2%
Humana, Inc.	0.000%	05/01/2020	0.2%
E.I. du Pont de Nemours & Co.	0.000%	05/13/2020	0.2%
American Express Co.	2.519%	05/20/2022	0.2%
Aviation Capital Group Corp.	0.000%	03/23/2020	0.2%
Humana, Inc.	0.000%	04/02/2020	0.2%
Hyundai Auto Lease Securitization Trust 2018-A	2.810%	04/15/2021	0.2%
Hawaiian Electric Co., Inc.	0.000%	03/03/2020	0.2%
Crown Castle International Corp.	0.000%	03/10/2020	0.2%
AbbVie, Inc.	2.545%	11/21/2022	0.2%
Drive Auto Receivables Trust 2019-4	2.160%	05/15/2023	0.2%
First Investors Auto Owner Trust 2019-2	2.210%	09/16/2024	0.2%
GMF Floorplan Owner Revolving Trust	2.130%	07/15/2022	0.2%
Santander Drive Auto Receivables Trust 2018-4	3.270%	01/17/2023	0.2%
Santander Drive Auto Receivables Trust 2018-3	3.510%	08/15/2023	0.2%
Honda Auto Receivables 2019-1 Owner Trust	2.750%	09/20/2021	0.2%
Santander Drive Auto Receivables Trust 2018-2	3.350%	07/17/2023	0.2%
McDonald's Corp.	2.366%	10/28/2021	0.2%
Boston Scientific Corp.	0.000%	03/20/2020	0.2%
Bemis Co., Inc.	0.000%	04/09/2020	0.2%
Westpac Banking Corp.	2.233%	01/13/2023	0.2%
World Omni Auto Receivables Trust 2020-A	1.710%	11/15/2022	0.2%
Walgreen Co.	0.000%	03/05/2020	0.2%
World Omni Select Auto Trust 2018-1	3.460%	03/15/2023	0.2%
Arrow Electronics, Inc.	0.000%	03/12/2020	0.2%
Boeing Co.	0.000%	07/08/2020	0.2%
Santander Drive Auto Receivables Trust 2015-4	4.540%	11/15/2022	0.2%
Jabil, Inc.	0.000%	03/30/2020	0.2%
General Motors Financial Co., Inc.	0.000%	04/13/2020	0.2%
Sherwin-Williams Co.	0.000%	03/09/2020	0.2%
Walgreen Co.	0.000%	03/02/2020	0.2%
Telstra Corp., Ltd.	0.000%	04/30/2020	0.2%
Manufacturers & Traders Trust Co	2.875%	12/28/2020	0.2%
Sempra Energy	2.501%	01/15/2021	0.2%
Vulcan Materials Co.	2.557%	03/01/2021	0.2%
Hawaiian Electric Co., Inc.	0.000%	03/02/2020	0.2%
PVH Corp.	0.000%	03/13/2020	0.2%
EnCana Corp.	0.000%	03/10/2020	0.2%
Discover Card Execution Note Trust	1.880%	02/15/2023	0.2%
Westlake Automobile Receivables Trust 2019-2	3.060%	02/15/2023	0.2%
AT&T, Inc.	3.034%	06/30/2020	0.2%
Ford Credit Floorplan Master Owner Trust A	2.160%	09/15/2022	0.2%
Huntington Ingalls Industries, Inc.	0.000%	03/02/2020	0.2%
Santander Drive Auto Receivables Trust 2016-1	5.020%	06/15/2023	0.2%
Wells Fargo Bank, N.A.	2.312%	10/22/2021	0.2%
ERP Operating L.P.	0.000%	04/20/2020	0.2%
UBS Group AG	3.439%	02/01/2022	0.2%
Bemis Co., Inc.	0.000%	03/31/2020	0.2%
Enable Midstream Partners L.P.	0.000%	05/26/2020	0.2%
Protective Life Global Funding	2.624%	06/28/2021	0.2%
Drive Auto Receivables Trust 2019-4	2.230%	01/16/2024	0.2%
New York Life Global Funding	2.276%	07/12/2022	0.2%
Honeywell International, Inc.	2.274%	08/08/2022	0.2%
Mylan, Inc.	0.000%	03/13/2020	0.2%
GM Financial Automobile Leasing Trust 2020-1	1.670%	04/20/2022	0.2%
Ventas Realty L.P.	0.000%	03/02/2020	0.2%
Walgreen Co.	0.000%	04/24/2020	0.2%
Royal Caribbean Cruises Ltd.	0.000%	03/26/2020	0.2%
Bell Canada, Inc.	0.000%	04/22/2020	0.2%
Otis Worldwide Corp	2.069%	04/05/2023	0.2%
Goldman Sachs Group, Inc.	3.300%	04/23/2021	0.2%
Humana, Inc.	0.000%	05/14/2020	0.2%
USAA Auto Owner Trust 2019-1	2.260%	02/15/2022	0.2%
Aviation Capital Group Corp.	0.000%	03/24/2020	0.2%
E.I. du Pont de Nemours & Co.	0.000%	05/12/2020	0.2%
BMW Vehicle Lease Trust 2019-1	2.790%	03/22/2021	0.2%
Walgreen Co.	0.000%	07/13/2020	0.2%
Compass Bank	2.868%	06/11/2021	0.2%
Golden Credit Card Trust	2.620%	01/15/2023	0.2%
FMC Corp.	0.000%	03/19/2020	0.2%
Mylan, Inc.	0.000%	03/04/2020	0.2%
ONEOK, Inc.	0.000%	03/06/2020	0.2%
Master Credit Card Trust	2.119%	07/21/2022	0.2%
UBS AG London	2.387%	12/01/2020	0.2%
Westlake Automobile Receivables Trust 2019-1	3.510%	05/16/2022	0.2%
Ford Credit Auto Lease Trust 2018-A	2.930%	06/15/2021	0.1%
AmeriCredit Automobile Receivables Trust 2019-3	2.170%	01/18/2023	0.1%
Daimler Finance North America LLC	2.141%	05/04/2020	0.1%
Entergy Corp.	0.000%	03/11/2020	0.1%
Toronto-Dominion Bank	3.049%	12/14/2020	0.1%
Credit Agricole Corporate & Investment Bank SA	2.533%	10/03/2021	0.1%
Navistar Financial Dealer Note Master Owner Trust	2.257%	09/25/2023	0.1%
AIG Global Funding	2.444%	01/22/2021	0.1%
Ford Motor Credit Co. LLC	2.881%	10/12/2021	0.1%
First National Master Note Trust 2018-1	2.119%	10/15/2024	0.1%
GMF Floorplan Owner Revolving Trust	3.130%	03/15/2023	0.1%
Ford Credit Floorplan Master Owner Trust A	2.950%	05/15/2023	0.1%
Standard Chartered plc	3.334%	09/10/2022	0.1%
Nissan Motor Acceptance Corp.	2.414%	03/15/2021	0.1%
Citizens Bank N.A.	2.629%	02/14/2022	0.1%
Ally Auto Receivables Trust 2019-4	1.930%	10/17/2022	0.1%
Royal Caribbean Cruises Ltd.	0.000%	03/23/2020	0.1%
Hyundai Auto Lease Securitization Trust 2019-B	2.080%	12/15/2021	0.1%
BAT International Finance plc	0.000%	03/27/2020	0.1%
Ford Credit Auto Owner Trust 2019-C	1.880%	07/15/2022	0.1%
Harris Corp.	0.000%	03/11/2020	0.1%
Synchrony Credit Card Master Note Trust	2.370%	03/15/2023	0.1%
World Financial Network Credit Card Master Trust	3.070%	12/16/2024	0.1%
Citigroup, Inc.	2.454%	11/04/2022	0.1%
Synchrony Credit Card Master Note Trust	2.640%	03/15/2023	0.1%
Campbell Soup Co.	2.619%	03/16/2020	0.1%
Bemis Co., Inc.	0.000%	03/30/2020	0.1%
Sherwin-Williams Co.	0.000%	03/16/2020	0.1%
BAT International Finance plc	0.000%	04/03/2020	0.1%
Ovintiv Inc	0.000%	03/26/2020	0.1%
Prestige Auto Receivables Trust 2019-1	2.450%	05/15/2023	0.1%
Wells Fargo & Co.	3.046%	01/24/2023	0.1%
JPMorgan Chase & Co.	3.001%	01/15/2023	0.1%
Bank of Nova Scotia	2.406%	04/20/2021	0.1%
Wells Fargo & Co.	3.473%	03/04/2021	0.1%
New York Life Global Funding	2.228%	08/06/2021	0.1%
ABN Amro Bank NV	2.489%	08/27/2021	0.1%
WGL Holdings, Inc.	2.682%	03/12/2020	0.1%
Tyco Electronics Group S.A.	2.577%	06/05/2020	0.1%
Marsh & McLennan Cos., Inc.	3.304%	12/29/2021	0.1%
Volkswagen Group of America Finance LLC	2.795%	09/24/2021	0.1%
BP Capital Markets plc	1.888%	11/24/2020	0.1%
GMF Floorplan Owner Revolving Trust	1.958%	03/15/2022	0.1%
Mercedes-Benz Auto Lease Trust 2019-B	2.010%	12/15/2021	0.1%
General Motors Financial Co., Inc.	0.000%	03/09/2020	0.1%
Exelon Generation Co. LLC	0.000%	03/16/2020	0.1%
Fifth Third Auto Trust 2019-1	2.660%	05/16/2022	0.1%
Boston Scientific Corp.	0.000%	03/23/2020	0.1%
FMC Corp.	0.000%	03/25/2020	0.1%
DuPont de Nemours Inc	0.000%	04/06/2020	0.1%
Entergy Corp.	0.000%	04/06/2020	0.1%
Humana, Inc.	0.000%	04/21/2020	0.1%
TransCanada Pipelines Ltd.	0.000%	04/27/2020	0.1%
Motiva Enterprises LLC	0.000%	03/16/2020	0.1%
Enable Midstream Partners L.P.	0.000%	03/25/2020	0.1%
CNH Capital LLC	0.000%	04/02/2020	0.1%
Sherwin-Williams Co.	0.000%	03/31/2020	0.1%
Cigna Corp	0.000%	05/21/2020	0.1%
Mercedes-Benz Auto Lease Trust 2020-A	1.820%	03/15/2022	0.1%
Walgreen Co.	0.000%	03/30/2020	0.1%
Constellation Brands, Inc.	0.000%	03/05/2020	0.1%
Citigroup, Inc.	3.092%	08/02/2021	0.1%
Black Hills Corp.	0.000%	04/07/2020	0.1%
Walgreen Co.	0.000%	07/21/2020	0.1%
Prestige Auto Receivables Trust 2019-1	2.440%	07/15/2022	0.1%
Synchrony Credit Card Master Note Trust	2.380%	09/15/2023	0.1%
Bell Canada, Inc.	0.000%	04/15/2020	0.1%
Fifth Third Bank, OH	2.376%	07/26/2021	0.1%
DuPont de Nemours Inc	0.000%	03/09/2020	0.1%
Santander Retail Auto Lease Trust 2020-A	1.690%	01/20/2023	0.1%
Sherwin-Williams Co.	0.000%	03/11/2020	0.1%
Harris Corp.	0.000%	03/20/2020	0.1%
JPMorgan Chase Bank NA	2.276%	04/26/2021	0.1%
Nissan Auto Receivables 2017-C Owner Trust	2.120%	04/18/2022	0.1%
Boston Scientific Corp.	0.000%	03/24/2020	0.1%
Hawaiian Electric Industries, Inc.	0.000%	03/03/2020	0.1%
US Bank NA	2.185%	05/21/2021	0.1%
Westlake Automobile Receivables Trust 2018-3	3.320%	10/16/2023	0.1%
American Express Co.	2.491%	11/05/2021	0.1%
Royal Bank of Canada	2.398%	04/29/2022	0.1%
Toyota Motor Credit Corp.	2.567%	01/08/2021	0.1%
TD Ameritrade Holding Corp.	2.339%	11/01/2021	0.1%
Golden Credit Card Trust	1.980%	04/15/2022	0.1%
General Mills, Inc.	2.541%	04/16/2021	0.1%
John Deere Capital Corp.	2.622%	06/13/2022	0.1%
Ford Credit Auto Lease Trust 2019-A	2.900%	05/15/2022	0.1%
American Honda Finance Corp.	2.488%	06/11/2021	0.1%
Australia & New Zealand Banking Group Ltd.	2.385%	11/21/2022	0.1%
ONEOK, Inc.	0.000%	03/10/2020	0.1%
ONEOK, Inc.	0.000%	03/12/2020	0.1%
Aviation Capital Group Corp.	0.000%	03/13/2020	0.1%
Aviation Capital Group Corp.	0.000%	03/20/2020	0.1%
BAT International Finance plc	0.000%	03/09/2020	0.1%
Boston Scientific Corp.	0.000%	03/13/2020	0.1%
Brookfield BRP Holdings Canada Inc	0.000%	03/25/2020	0.1%
Exelon Generation Co. LLC	0.000%	03/19/2020	0.1%
Ovintiv Inc	0.000%	04/08/2020	0.1%
Eni Finance USA, Inc.	0.000%	04/06/2020	0.1%
Brookfield BRP Holdings Canada Inc	0.000%	04/23/2020	0.1%
E.I. du Pont de Nemours & Co.	0.000%	05/06/2020	0.1%
Entergy Corp.	0.000%	05/14/2020	0.1%
First Investors Auto Owner Trust 2019-1	2.890%	03/15/2024	0.1%
Eni Finance USA, Inc.	0.000%	03/10/2020	0.1%
Eni Finance USA, Inc.	0.000%	03/11/2020	0.1%
GM Financial Automobile Leasing Trust 2019-2	2.670%	06/21/2021	0.1%
Goldman Sachs Group, Inc.	3.080%	11/15/2021	0.1%
E.I. du Pont de Nemours & Co.	0.000%	05/05/2020	0.1%
Ford Credit Auto Owner Trust 2016-REV1	2.310%	08/15/2027	0.1%
FMC Corp.	0.000%	03/02/2020	0.1%
Constellation Brands, Inc.	0.000%	03/16/2020	0.1%
Nissan Motor Acceptance Corp.	2.351%	09/28/2020	0.1%
GATX Corp.	2.611%	11/05/2021	0.1%
AmeriCredit Automobile Receivables 2015-4	3.720%	12/08/2021	0.1%
SCF Equipment Leasing 2019-2 LLC	2.220%	06/20/2024	0.1%
Hawaiian Electric Co., Inc.	0.000%	03/05/2020	0.1%
Mercedes-Benz Master Owner Trust 2018-BA	1.998%	05/15/2023	0.1%
Campbell Soup Co.	0.000%	03/02/2020	0.1%
Huntington Ingalls Industries, Inc.	0.000%	03/04/2020	0.1%
EnCana Corp.	0.000%	03/12/2020	0.1%
GM Financial Consumer Automobile Receivables Trust	1.830%	01/17/2023	0.1%
Foursight Capital Automobile Receivables Trust 202	1.970%	09/15/2023	0.1%
Aviation Capital Group Corp.	0.000%	03/12/2020	0.1%
Boston Scientific Corp.	0.000%	03/05/2020	0.1%
Eni Finance USA, Inc.	0.000%	03/03/2020	0.1%
PVH Corp.	0.000%	05/18/2020	0.1%
Lloyds Bank plc	2.384%	05/07/2021	0.1%
BMW Vehicle Lease Trust 2019-1	2.840%	11/22/2021	0.1%
Harley-Davidson Financial Services Inc	2.395%	05/21/2020	0.1%
Chesapeake Funding II LLC	2.120%	11/15/2029	0.1%
GM Financial Consumer Automobile Receivables Trust	1.970%	05/16/2022	0.1%
Conn's Receivables Funding 2019-B LLC	2.660%	06/17/2024	0.1%
Drive Auto Receivables Trust	3.660%	11/15/2024	0.1%
Federation des Caisses Desjardins du Quebec	2.266%	10/30/2020	0.1%
Mitsubishi UFJ Financial Grp, Inc.	2.586%	07/26/2021	0.1%
Gracechurch Card Funding PLC	2.059%	07/15/2022	0.1%
American Express Credit Account Master Trust	1.770%	11/15/2022	0.1%
Amur Equipment Finance Receivables VII LLC	2.630%	06/20/2024	0.1%
DuPont de Nemours Inc	2.620%	11/15/2020	0.1%
Goldman Sachs Group, Inc.	3.680%	02/25/2021	0.1%
Humana, Inc.	0.000%	03/26/2020	0.1%
John Deere Capital Corp.	2.502%	06/07/2021	0.1%
MPLX L.P.	3.002%	09/09/2021	0.1%
Albemarle Corp.	2.941%	11/15/2022	0.1%
CNH Capital LLC	0.000%	04/17/2020	0.1%
General Motors Financial Co., Inc.	0.000%	03/17/2020	0.1%
Jabil, Inc.	0.000%	03/31/2020	0.1%
DuPont de Nemours Inc	0.000%	04/02/2020	0.1%
Starbucks Corp.	0.000%	05/11/2020	0.1%
BP Capital Markets plc	0.000%	06/18/2020	0.1%
DLL 2018-1 LLC	3.100%	04/18/2022	0.1%
BMW Floorplan Master Owner Trust	3.150%	05/15/2023	0.1%
Morgan Stanley	3.099%	06/16/2020	0.1%
Nissan Motor Acceptance Corp.	2.738%	01/13/2022	0.1%
Royal Caribbean Cruises Ltd.	0.000%	04/06/2020	0.1%
PVH Corp.	0.000%	05/19/2020	0.1%
Aviation Capital Group Corp.	0.000%	03/11/2020	0.1%
World Omni Automobile Lease Securitization Trust 2	3.190%	12/15/2021	0.1%
Boston Scientific Corp.	0.000%	03/06/2020	0.1%
CarMax Auto Owner Trust	1.600%	06/15/2022	0.1%
Manufacturers & Traders Trust Co	2.210%	01/25/2021	0.1%
Phillips 66	2.517%	02/26/2021	0.1%
Citigroup, Inc.	3.172%	12/08/2021	0.1%
Black Hills Corp.	0.000%	03/12/2020	0.1%
Entergy Corp.	0.000%	03/04/2020	0.1%
American Express Credit Account Master Trust	2.108%	09/16/2024	0.1%
Regions Bank, Birmingham, AL	2.479%	04/01/2021	0.1%
ConAgra Brands, Inc.	2.552%	10/22/2020	0.1%
National Fuel Gas Co.	0.000%	03/05/2020	0.1%
GM Financial Consumer Automobile Receivables Trust	2.990%	03/16/2022	0.1%
Hyundai Auto Receivables Trust 2019-B	1.930%	07/15/2022	0.1%
Vulcan Materials Co.	2.719%	06/15/2020	0.1%
Capital One Financial Corp.	3.052%	03/09/2022	0.1%
SL Green Operating Partnership L.P.	2.884%	08/16/2021	0.1%
Barclays Dryrock Issuance Trust	1.959%	05/15/2023	0.1%
Santander Drive Auto Receivables Trust 2015-4	3.530%	08/16/2021	0.1%
Boston Scientific Corp.	0.000%	03/11/2020	0.1%
EnCana Corp.	0.000%	03/11/2020	0.1%
Sherwin-Williams Co.	0.000%	03/30/2020	0.1%
Conn's Receivables Funding 2019-A LLC	3.400%	10/16/2023	0.1%
Daimler Finance North America LLC	2.779%	02/22/2022	0.1%
GM Financial Automobile Leasing Trust 2019-2	2.670%	03/21/2022	0.1%
Drive Auto Receivables Trust	4.160%	05/15/2024	0.1%
Westlake Automobile Receivables Trust 2016-3	3.580%	01/18/2022	0.1%
Ally Master Owner Trust	3.290%	05/15/2023	0.1%
HPEFS Equipment Trust 2020-1	1.730%	02/20/2030	0.1%
Duqesne Light Holdings, Inc.	6.400%	09/15/2020	0.1%
Synchrony Credit Card Master Note Trust	3.360%	03/15/2024	0.1%
Toronto-Dominion Bank	2.180%	01/25/2021	0.1%
Drive Auto Receivables Trust 2019-3	2.630%	09/15/2022	0.1%
CBS Corp.	0.000%	03/23/2020	0.1%
Textron, Inc.	2.451%	11/10/2020	0.1%
Americredit Automobile Receivables Trust 2019-1	1.918%	06/20/2022	0.1%
Bank of America Corp.	2.597%	06/25/2022	0.1%
Royal Caribbean Cruises Ltd.	2.650%	11/28/2020	0.1%
Drive Auto Receivables Trust	4.180%	03/15/2024	0.1%
Harris Corp.	0.000%	03/18/2020	0.1%
EnCana Corp.	0.000%	03/02/2020	0.1%
TransCanada Pipelines Ltd.	0.000%	03/23/2020	0.1%
Ford Motor Credit Co. LLC	2.853%	04/05/2021	0.1%
Discover Card Execution Note Trust	1.900%	10/17/2022	0.1%
Branch Banking & Trust Co.	2.436%	10/26/2021	0.1%
Sherwin-Williams Co.	0.000%	03/17/2020	0.1%
General Electric Co.	2.514%	03/28/2020	0.1%
Danske Bank A/S	2.417%	03/02/2020	0.1%
Citigroup, Inc.	3.246%	10/26/2020	0.1%
Daimler Finance North America LLC	2.421%	05/05/2020	0.1%
Santander UK plc	2.527%	06/01/2021	0.1%
World Omni Automobile Lease Securitization Trust 2	2.830%	07/15/2021	0.1%
NextGear Floorplan Master Owner Trust	2.258%	10/15/2023	0.1%
Capital Auto Receivables Asset Trust 2018-1	2.930%	06/20/2022	0.1%
Americredit Automobile Receivables Trust 2019-1	2.930%	06/20/2022	0.1%
Flagship Credit Auto Trust 2018-3	3.070%	02/15/2023	0.1%
Bristol-Myers Squibb Co.	2.104%	11/16/2020	0.1%
Huntington Ingalls Industries, Inc.	0.000%	03/05/2020	0.1%
Pentair Finance SA	0.000%	03/02/2020	0.1%
Constellation Brands, Inc.	0.000%	03/11/2020	0.1%
Boston Scientific Corp.	0.000%	03/17/2020	0.1%
Santander Drive Auto Receivables Trust 2016-2	4.380%	09/15/2023	0.1%
Capital Auto Receivables Asset Trust 2018-1	2.790%	01/20/2022	0.1%
Enterprise Fleet Financing LLC	2.360%	05/20/2023	0.1%
Bank of Montreal	2.518%	09/11/2022	0.1%
Capital One Multi-Asset Execution Trust	2.169%	09/16/2024	0.1%
PFS Financing Corp.	2.400%	10/17/2022	0.1%
Ford Credit Auto Owner Trust 2019-A	2.780%	02/15/2022	0.1%
NextGear Floorplan Master Owner Trust	2.540%	04/18/2022	0.1%
DLL Securitization Trust 2017-A	2.140%	12/15/2021	0.1%
Huntington Ingalls Industries, Inc.	0.000%	03/03/2020	0.1%
Phillips 66	2.751%	04/15/2020	0.1%
Santander Drive Auto Receivables Trust 2018-1	2.630%	07/15/2022	0.1%
Chase Issuance Trust	1.859%	04/17/2023	0.1%
General Electric Co.	2.801%	04/15/2020	0.1%
Santander Drive Auto Receivables Trust 2018-5	3.520%	12/15/2022	0.1%
SCF Equipment Leasing 2019-1 LLC	3.040%	03/20/2023	0.1%
Citizens Bank N.A.	2.447%	03/02/2020	0.1%
Citibank Credit Card Issuance Trust	2.490%	01/20/2023	0.1%
Sherwin-Williams Co.	0.000%	03/12/2020	0.1%
Harris Corp.	2.416%	04/30/2020	0.1%
ARI Fleet Lease Trust 2020-A	1.770%	08/15/2028	0.1%
Capital Auto Receivables Asset Trust 2018-2	3.270%	06/20/2023	0.1%
Ford Credit Auto Lease Trust 2020-A	1.800%	07/15/2022	0.1%
Santander Drive Auto Receivables Trust 2016-3	2.800%	08/15/2022	0.1%
CPS Auto Receivables Trust 2019-A	3.180%	06/15/2022	0.1%
Australia & New Zealand Banking Group Ltd.	2.364%	05/17/2021	0.1%
American Credit Acceptance Receivables Trust 2019-	3.320%	04/12/2023	0.1%
Santander Drive Auto Receivables Trust 2018-2	3.030%	09/15/2022	0.1%
Wabtec Corp.	3.419%	09/15/2021	0.0%
BAT International Finance plc	0.000%	04/01/2020	0.0%
Boeing Co.	0.000%	03/02/2020	0.0%
Bank of America Corp.	3.126%	01/20/2023	0.0%
Citibank, Inc.	2.266%	10/20/2020	0.0%
Mercedes-Benz Auto Lease Trust 2019-A	3.100%	11/15/2021	0.0%
Express Scripts Holding Co.	2.664%	11/30/2020	0.0%
BAT Capital Corp	2.499%	08/14/2020	0.0%
Capital One Financial Corp.	2.661%	05/12/2020	0.0%
Aviation Capital Group Corp.	2.606%	07/30/2021	0.0%
Daimler Finance North America LLC	2.301%	05/04/2021	0.0%
ConAgra Brands, Inc.	2.512%	10/09/2020	0.0%
Branch Banking & Trust Co.	2.127%	06/01/2020	0.0%
Santander UK plc	2.202%	11/03/2020	0.0%
Sherwin-Williams Co.	0.000%	03/10/2020	0.0%
Citibank Credit Card Issuance Trust	2.880%	01/23/2023	0.0%
ABN Amro Bank NV	2.376%	01/19/2021	0.0%
Boston Scientific Corp.	0.000%	03/09/2020	0.0%
Aviation Capital Group Corp.	2.857%	06/01/2021	0.0%
Drive Auto Receivables Trust 2018-2	3.630%	08/15/2024	0.0%
American Express Credit Account Master Trust	2.670%	10/17/2022	0.0%
QUALCOMM, Inc.	2.449%	05/20/2020	0.0%
Lloyds Banking Group plc	2.959%	06/21/2021	0.0%
Bayer US Finance II LLC	2.736%	06/25/2021	0.0%
General Motors Financial Co., Inc.	3.536%	01/14/2022	0.0%
American Express Credit Corp.	3.169%	09/14/2020	0.0%
Australia & New Zealand Banking Group Ltd.	2.221%	11/09/2020	0.0%
Becton, Dickinson & Co.	2.979%	12/29/2020	0.0%
BMW US Capital LLC	2.683%	04/06/2022	0.0%
American Express Credit Account Master Trust	3.070%	10/15/2024	0.0%
AstraZeneca plc	2.754%	06/10/2022	0.0%
Arrow Electronics, Inc.	0.000%	03/05/2020	0.0%
Royal Caribbean Cruises Ltd.	0.000%	04/01/2020	0.0%
Master Credit Card Trust II	3.400%	01/21/2022	0.0%
Amur Equipment Finance Receivables VI LLC	3.890%	07/20/2022	0.0%
BA Credit Card Trust	1.950%	08/15/2022	0.0%
Chesapeake Funding II LLC	1.998%	08/15/2029	0.0%
Marlette Funding Trust 2018-4	3.710%	12/15/2028	0.0%
Drive Auto Receivables Trust	3.720%	09/16/2024	0.0%
TransCanada Pipelines Ltd.	0.000%	04/01/2020	0.0%
Campbell Soup Co.	0.000%	03/19/2020	0.0%
Barclays Dryrock Issuance Trust	1.989%	07/15/2024	0.0%
GM Financial Automobile Leasing Trust 2019-1	2.910%	04/20/2021	0.0%
Flagship Credit Auto Trust 2018-2	2.970%	10/17/2022	0.0%
Santander Drive Auto Receivables Trust 2015-5	3.650%	12/15/2021	0.0%
Navient Private Education Refi Loan Trust 2019-A	3.030%	01/15/2043	0.0%
Daimler Finance North America LLC	2.349%	02/22/2021	0.0%
ACC Trust 2019-1	3.750%	05/20/2022	0.0%
Campbell Soup Co.	0.000%	03/17/2020	0.0%
World Omni Select Auto Trust 2018-1	3.240%	04/15/2022	0.0%
Ally Financial, Inc.	7.500%	09/15/2020	0.0%
CPS Auto Trust	3.310%	12/15/2022	0.0%
TransCanada Pipelines Ltd.	0.000%	03/09/2020	0.0%
Morgan Stanley	3.366%	04/21/2021	0.0%
Enterprise Fleet Financing LLC	2.870%	10/20/2023	0.0%
Santander Drive Auto Receivables Trust 2018-3	3.290%	10/17/2022	0.0%
Nissan Motor Acceptance Corp.	2.238%	07/13/2020	0.0%
Mercedes-Benz Auto Lease Trust 2018-B	3.210%	09/15/2021	0.0%
California Republic Auto Receivables Trust 2017-1	2.280%	06/15/2022	0.0%
Foursight Capital Automobile Receivables Trust 201	3.320%	04/15/2022	0.0%
FREED ABS TRUST 2018-2	3.990%	10/20/2025	0.0%
Conn's Receivables Funding 2018-A LLC	3.250%	01/15/2023	0.0%
AmeriCredit Automobile Receivables Trust 2016-3	2.710%	09/08/2022	0.0%
Ally Auto Receivables Trust 2017-2	1.780%	08/16/2021	0.0%
CarMax Auto Owner Trust	3.110%	08/15/2022	0.0%
Becton, Dickinson & Co.	3.164%	06/06/2022	0.0%
Toyota Auto Receivables 2018-A Owner Trust	2.350%	05/16/2022	0.0%
Drive Auto Receivables Trust	4.530%	08/15/2023	0.0%
GE Capital International Funding Co.	2.342%	11/15/2020	0.0%
Capital Auto Receivables Asset Trust 2018-2	3.480%	10/20/2023	0.0%
Marlette Funding Trust 2018-3	3.200%	09/15/2028	0.0%
SCF Equipment Leasing 2018-1 LLC	3.630%	10/20/2024	0.0%
Westlake Automobile Receivables Trust 2018-2	3.500%	01/16/2024	0.0%
CPS Auto Receivables Trust 2016-C	5.920%	06/15/2022	0.0%
Ford Motor Credit Co. LLC	2.332%	11/02/2020	0.0%
Synchrony Credit Card Master Note Trust	1.930%	06/15/2023	0.0%
CarMax Auto Owner Trust 2017-2	1.930%	03/15/2022	0.0%
First Investors Auto Owner Trust 2018-2	3.230%	12/15/2022	0.0%
Verizon Owner Trust 2017-1	2.450%	09/20/2021	0.0%
Westlake Automobile Receivables Trust 2018-3	2.980%	01/18/2022	0.0%
Drive Auto Receivables Trust	3.720%	10/17/2022	0.0%
Barclays plc	3.459%	01/10/2023	0.0%
World Financial Network Credit Card Master Trust	2.550%	06/17/2024	0.0%
EnCana Corp.	0.000%	03/13/2020	0.0%
General Motors Co.	2.694%	08/07/2020	0.0%
Walgreen Co.	0.000%	04/23/2020	0.0%
Sofi Professional Loan Program 2018-B Trust	2.640%	08/25/2047	0.0%
Mylan, Inc.	0.000%	03/19/2020	0.0%
AvalonBay Communities, Inc.	2.257%	01/15/2021	0.0%
UBS Group AG	3.575%	09/24/2020	0.0%
American Express Co.	2.266%	10/30/2020	0.0%
AT&T, Inc.	2.951%	07/15/2021	0.0%
National Australia Bank Ltd.	2.736%	09/20/2021	0.0%
Constellation Brands, Inc.	0.000%	03/02/2020	0.0%
Drive Auto Receivables Trust 2019-2	2.930%	03/15/2022	0.0%
KeyBank NA	2.709%	11/22/2021	0.0%
Americredit Automobile Receivables Trust 2018-2	2.860%	11/18/2021	0.0%
Americredit Automobile Receivables Trust 2018-3	3.110%	01/18/2022	0.0%
Americredit Automobile Receivables Trust 2018-3	1.908%	01/18/2022	0.0%
Honda Auto Receivables 2017-3 Owner Trust	1.790%	09/20/2021	0.0%
AmeriCredit Automobile Receivables Trust 2017-4	2.040%	07/18/2022	0.0%
Capital Auto Receivables Asset Trust 2018-2	3.020%	02/22/2021	0.0%
CPS Auto Trust	3.430%	07/15/2022	0.0%
Foursight Capital Automobile Receivables Trust 201	3.240%	09/15/2022	0.0%
Chesapeake Funding II LLC	1.998%	11/15/2029	0.0%
CVS Caremark Corp.	2.732%	03/09/2020	0.0%
PNC Bank NA	2.052%	01/22/2021	0.0%
Sofi Professional Loan Program 2018-A LLC	2.390%	02/25/2042	0.0%
First National Master Note Trust 2017-2	2.099%	10/16/2023	0.0%
CVS Caremark Corp.	2.822%	03/09/2021	0.0%
Ascentium Equipment Receivables 2017-1 Trust	2.290%	06/10/2021	0.0%
Wheels SPV 2 LLC	3.060%	04/20/2027	0.0%
Exeter Automobile Receivables Trust 2016-3	4.220%	06/15/2022	0.0%
United Technologies Corp.	2.554%	08/16/2021	0.0%
Drive Auto Receivables Trust	3.360%	10/17/2022	0.0%
Volkswagen Group of America Finance LLC	2.841%	11/12/2021	0.0%
FREED ABS TRUST 2018-1	3.610%	07/18/2024	0.0%
Danske Bank A/S	2.417%	03/02/2020	0.0%
Springleaf Funding Trust 2016-A	2.900%	11/15/2029	0.0%
General Electric Co.	2.500%	03/28/2020	0.0%
Royal Bank of Canada	2.176%	10/26/2020	0.0%
Dell Equipment Finance Trust 2018-1	2.970%	10/22/2020	0.0%
Goldman Sachs Group, Inc.	3.319%	09/15/2020	0.0%
Citizens Bank N.A.	2.727%	05/26/2022	0.0%
Spirit AeroSystems, Inc.	2.694%	06/15/2021	0.0%
Westlake Automobile Receivables Trust 2018-1	2.920%	05/15/2023	0.0%
AmeriCredit Automobile Receivables Trust 2016-3	2.240%	04/08/2022	0.0%
Mississippi Power Co.	2.750%	03/27/2020	0.0%
American Credit Acceptance Receivables Trust 2018-	3.550%	04/10/2024	0.0%
Jackson National Life Global Funding	2.618%	06/11/2021	0.0%
BMW US Capital LLC	2.423%	04/06/2020	0.0%
Wells Fargo Bank, N.A.	2.311%	01/15/2021	0.0%
Westgate Resorts 2018-1 LLC	3.380%	12/20/2031	0.0%
American Credit Acceptance Receivables Trust 2016-	4.260%	08/12/2022	0.0%
Citizens Bank N.A.	2.487%	05/26/2020	0.0%
ING Bank NV	2.874%	08/17/2020	0.0%
Drive Auto Receivables Trust	3.340%	09/15/2022	0.0%
Assurant, Inc.	3.197%	03/26/2021	0.0%
Santander Drive Auto Receivables Trust 2016-3	2.460%	03/15/2022	0.0%
Chesapeake Funding II LLC	1.990%	05/15/2029	0.0%
Fifth Third Bank, OH	2.549%	02/01/2022	0.0%
MMAF Equipment Finance LLC 2014-A	1.590%	02/08/2022	0.0%
HSBC Holdings plc	3.570%	05/25/2021	0.0%
Santander Drive Auto Receivables Trust 2016-2	3.390%	04/15/2022	0.0%
Canadian Imperial Bank of Commerce	2.217%	02/02/2021	0.0%
Capital Auto Receivables Asset Trust 2017-1	2.020%	08/20/2021	0.0%
CPS Auto Receivables Trust 2016-C	3.270%	06/15/2022	0.0%
SOFI PROFESSIONAL LOAN PROGRAM 2017-F LLC	2.050%	01/25/2041	0.0%
CPS Auto Receivables Trust 2018-B	3.230%	07/15/2022	0.0%
Exeter Automobile Receivables Trust 2017-1	3.950%	12/15/2022	0.0%
Chesapeake Funding II LLC	2.108%	05/15/2029	0.0%
CCG Receivables Trust 2018-1	2.500%	06/16/2025	0.0%
CarMax Auto Owner Trust	1.400%	08/15/2021	0.0%
CPS Auto Receivables Trust 2018-A	2.770%	04/18/2022	0.0%
Americredit Automobile Receivables Trust 2016-4	1.830%	12/08/2021	0.0%
Barclays Dryrock Issuance Trust 2017-1	1.989%	03/15/2023	0.0%
Chesapeake Funding II LLC	1.910%	08/15/2029	0.0%
Avid Automobile Receivables Trust 2018-1	2.840%	08/15/2023	0.0%
SoFi Professional Loan Program 2017-E LLC	1.860%	11/26/2040	0.0%
SoFi Consumer Loan Program 2016-2 LLC	3.090%	10/27/2025	0.0%
CPS Auto Receivables Trust 2017-D	2.430%	01/18/2022	0.0%
Flagship Credit Auto Trust 2016-1	3.910%	06/15/2022	0.0%
OneMain Financial Issuance Trust 2016-1A	3.660%	02/20/2029	0.0%
SMB Private Education Loan Trust 2018-B	1.979%	12/16/2024	0.0%
GM Financial Automobile Leasing Trust 2017-2	2.430%	06/21/2021	0.0%
Flagship Credit Auto Trust 2017-4	2.070%	04/15/2022	0.0%
CPS Auto Trust	2.870%	09/15/2021	0.0%
Enterprise Fleet Financing LLC	1.970%	01/20/2023	0.0%
TCF Auto Receivables Owner Trust 2016-PT1	1.930%	06/15/2022	0.0%
California Republic Auto Receivables Trust 2016-2	1.830%	12/15/2021	0.0%
Drive Auto Receivables Trust 2017-3	2.800%	07/15/2022	0.0%
California Republic Auto Receivables Trust 2015-4	2.580%	06/15/2021	0.0%
Enterprise Fleet Financing LLC	2.130%	07/20/2022	0.0%
AmeriCredit Automobile Receivables Trust 2016-3	1.800%	10/08/2021	0.0%
Engs Commercial Finance Trust	2.630%	02/22/2022	0.0%
Carmax Auto Owner Trust	1.390%	05/17/2021	0.0%

Dividends & Cap Gains

DIVIDEND PAYMENTS

For

YTD Dividends Paidas of 04/01/2020: $0.045
Dividend Frequency: Monthly (Daily Accrual)

Record Date	Ex-Dividend Date	Reinvest & Payable Date	Dividend	Reinvest Price
Daily	Daily	03/31/2020	$0.01464	$9.85
Daily	Daily	02/29/2020	$0.01459	$10.03
Daily	Daily	01/31/2020	$0.01619	$10.03

Upcoming Dividend Payment Dates

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

Record Date	Ex-Dividend Date	Reinvest & Payable Date
Daily	Daily	04/30/2020
Daily	Daily	05/31/2020
Daily	Daily	06/30/2020
Daily	Daily	07/31/2020
Daily	Daily	08/31/2020
Daily	Daily	09/30/2020
Daily	Daily	10/31/2020
Daily	Daily	11/30/2020
Daily	Daily	12/31/2020

CAPITAL GAINS DISTRIBUTIONS

For

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

Taxed as ordinary income

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

Upcoming Capital Gain Distribution

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

Fees & Expenses

EXPENSE RATIOas of 02/29/2020

Expense ratio details, Click here.

Fund Documents

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	Summary Prospectus Publish Date:11/03/2015
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	Annual Report Publish Date:11/03/2015
	Semi-Annual Report Publish Date:11/03/2015
	Fact Sheet Publish Date:11/03/2015
	Commentary Publish Date:11/03/2015

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

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

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

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

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

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

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

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

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

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

IMPORTANT INFORMATION

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

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

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

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

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

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

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

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

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

Returns shown at less than a year reflect aggregate total returns.

Double-Digit Returns - instances of high double-digit returns were achieved primarily during favorable market conditions and may not be sustainable over time.

The ICE BofA ML U.S. Treasury Bill Index tracks the performance of US dollar denominated US Treasury Bills publicly issued in the US domestic market. Qualifying securities must have at least one month remaining term to final maturity and a minimum amount outstanding of $1 billion. The benchmark has not been examined by Deloitte & Touche LLP.

Source: ICE Data Indices, LLC.

Source ICE Data Indices, LLC (“ICE”), used with permission. ICE PERMITS USE OF THE ICE BofAML INDICES AND RELATED DATA ON AN "AS IS" BASIS, MAKES NO WARRANTIES REGARDING SAME, DOES NOT GUARANTEE THE SUITABILITY, QUALITY, ACCURACY, TIMELINESS, AND/OR COMPLETENESS OF THE ICE BofAML INDICES OR ANY DATA INCLUDED IN, RELATED TO, OR DERIVED THEREFROM, ASSUMES NO LIABILITY IN CONNECTION WITH THE USE OF THE FOREGOING, AND DOES NOT SPONSOR, ENDORSE, OR RECOMMEND LORD ABBETT, OR ANY OF ITS PRODUCTS OR SERVICES.

Lipper Category Average - Peer group averages are based on universes of funds with the same investment objectives. The average return for the peer group is based on the returns of each individual fund within the group for the period shown. This average assumes reinvestment of dividends.

Fund Expense Ratio Detail: Reflects expenses for the Fund's fiscal year-end and is subject to change. Fund expenses may fluctuate with market volatility. A substantial reduction in Fund assets (since its most recently completed fiscal year), whether caused by market conditions or significant redemptions or both, will likely cause total operating expenses (as a percentage of Fund assets) to become higher than those shown.

Lipper Category Average Expense Ratio reflects the average net expenses of Class A shares of all funds with in the peer group based on Lipper data available.

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Summary

Summary

What is the Ultra Short Bond Fund ?

The Fund seeks to deliver current income consistent with the preservation of capital by investing in a broad range of investment grade ultra-short fixed income and money market securities with a weighted average duration of less than one year.

Yield

7 Day Yield 1,4 as of 04/01/2020

30-Day Standardized Yield 2 as of 02/29/2020

Expense Ratioas of 02/29/2020

Fund Basicsas of 02/28/2020

Fund Expense Ratio :

0.45%

Fund Expense Ratio :

0.45%

Fund Expense Ratio :

0.45%

Fund Expense Ratio :

0.45%

RELATED CONTENT

Credit Quality Distribution as of 02/28/2020 View Portfolio

INVESTMENT TEAM

Your Representative

Performance

Performance

NAV HISTORICAL PRICES

Fund Expense Ratio :

0.45%

Fund Expense Ratio :

0.45%

Fund Expense Ratio :

0.45%

Fund Expense Ratio :

0.45%

GROWTH OF $10,000 as of 02/29/2020

Portfolio

Portfolio

CREDIT QUALITY DISTRIBUTION as of 02/28/2020

Portfolio Positioning as of 12/31/2019

Portfolio Details as of 02/28/2020

Dividends & Cap Gains

Dividends & Cap Gains

DIVIDEND PAYMENTS

DIVIDEND PAYMENTS

Upcoming Dividend Payment Dates

CAPITAL GAINS DISTRIBUTIONS

Upcoming Capital Gain Distribution

Fees & Expenses

Fees & Expenses

EXPENSE RATIOas of 02/29/2020

Fund Documents

Fund Documents

Coming Soon.......

7 Day Yield ^1,4 as of 04/01/2020

30-Day Standardized Yield ² as of 02/29/2020