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Multi-Sector

Summary

Summary

KEY FACTS as of 07/31/2019


Strategy Inception Date
Apr 1971
Strategy AUM
$16.2 B
Benchmark
Custom Multi-Sector Fixed Income Blended Index
eVestment Universe
US Unconstrained Fixed Income

Vehicles


  • This strategy is available as a:
  • Separate Account
  • Mutual Fund
  • Series Fund
  • UCITS

PORTFOLIO MANAGERS

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Director of Taxable Fixed Income

18 Years of Industry Experience

Andrew H. O'Brien
Andrew H. O'Brien, CFA

Partner & Portfolio Manager

21 Years of Industry Experience

Kewjin Yuoh
Kewjin Yuoh

Partner & Portfolio Manager

25 Years of Industry Experience

Robert Clark
Robert S. Clark, CFA

Portfolio Manager

22 Years of Industry Experience

Christopher Gizzo
Christopher Gizzo, CFA

Managing Director & Portfolio Manager

11 Years of Industry Experience

Supported By 64 Investment Professionals with 15 Years Avg. Industry Experience

Related Content

The Lord Abbett Bond Debenture Fund
June 1, 2018

Here’s how a flexible, multi-sector approach to fixed income has generated consistent long-term returns.

A Multi-Sector Bond Approach
April 16, 2018

Lord Abbett partner and portfolio manager Steven F. Rocco discusses an approach that may be well suited for today’s market environment.

Portfolio

Portfolio

Portfolio Breakdownas of 07/31/2019

Type Portfolio
Type Portfolio
U.S. High Yield Corporate
U.S. Investment Grade Corporate
Non-U.S. Investment Grade Corporate
Equity
Sovereign
Non-U.S. High Yield Corporate
MBS
Bank Loans
U.S. Government Related
Municipals
CMBS
ABS
Convertibles
Cash

Credit Quality Distributionas of 07/31/2019

Type Portfolio
U.S. Treasury 4.8%
Agency 5.6%
AAA 3.1%
AA 7.4%
A 12.3%
BBB 24.8%
BB 21.1%
B 17.0%
<B 3.7%
Not Rated 0.3%

CHARACTERISTICS as of 07/31/2019

Portfolio
Portfolio
Average Coupon 5.13%
Average Maturity 9.96 Years
Average Effective Duration 4.82 Years
Average Yield to Worst 4.46%

Performance

Performance

Multi-Sector Fixed Income Institutional Composite

Average Annual Returns as of 06/30/2019

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
Gross of Fees 11.11% 8.59% 8.09% 5.77% 9.40% 7.57%
Net of Fees 10.89% 8.16% 7.66% 5.35% 8.97% 7.14%
Custom Multi-Sector Fixed Income Blended Index 9.67% 8.38% 6.47% 4.64% 8.56% -

Calendar Year Returnsas of 06/30/2019

2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Gross of Fees -3.02% 10.13% 13.23% -0.97% 5.41% 8.94% 14.18% 4.89% 14.00% 36.92%
Net of Fees -3.40% 9.69% 12.78% -1.36% 4.99% 8.51% 13.73% 4.47% 13.55% 36.39%
Custom Multi-Sector Fixed Income Blended Index -1.63% 7.69% 11.60% -1.89% 4.58% 8.74% 13.12% 3.17% 13.76% 44.58%

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