Error!

X

There was a problem contacting the server. Please try after sometime.

Sorry, we are unable to process your request.

Error!

X

We're sorry, but the Insights and Intelligence Tool is temporarily unavailable

If this problem persists, or if you need immediate assistance, please contact Customer Service at 1-888-522-2388.

Error!

X

We're sorry, but the Literature Center checkout function is temporarily unavailable.

If this problem persists, or if you need immediate assistance, please contact Customer Service at 1-888-522-2388.

Financial Professionals

Forgot password

Forgot Your LordAbbett.com password?

If you are a registered user, but have forgotten your LordAbbett.com password, please enter your email address.
Once your email address is verified, we will send you an email with instructions on how to reset your password.

EMAIL ADDRESS
e.g. joe@firm.com

Financial Professionals

Forgot Password

Thank you.

An email has been sent to with instructions on resetting your password.

Financial Professionals

Reset Password

NEW PASSWORD
Your password must be a minimum of characters.
CONFIRM NEW PASSWORD

Financial Professionals

Reset Password

Confirmation Message

Your LordAbbett.com password was successully updated. This page will be refreshed after 3 seconds.

OK

Financial Professional*

  • Gain access to exclusive LinkedIn Groups
  • Simplify your login
LOGIN WITH LinkedIn
LOGIN WITH LinkedIn

A verification Email Has Been Sent

Close

An email verification email has been sent to .
Follow the instructions to complete the email validation process.

I have not received my verification email

Check your SPAM mailbox and make sure that twelcome@lordabbett.com is allowed to send you mail.

I'm still having trouble

If you're still having trouble verifying your email address. feel free to contact us.

1-888-522-2388
clientservices@lordabbett.com


OK

We're sorry. We found no record of the email address you provided.

Close

Register For a LordAbbett.com Account
Using Your Email Address.

  • Registered Financial Advisors gain access to:
  • Our data mining tool, Insight & Intelligence
  • Best in-class practice management content
  • Educational events, videos and podcasts.
  • The Lord Abbett Review - Subscribe now!

Registered but Having Problems?

If you believe you are registered and are having problems verifying your email address, feel free to contact us.

1-888-522-2388 clientservices@lordabbett.com

Terms & Condition

X

These Terms of Use ("Terms of Use") are made between the undersigned user ("you") and Lord, Abbett & Co. ("we" or "us"). They become effective on the date that you electronically execute these Terms of Use ("Effective Date").

A. You are a successful financial consultant that markets securities, including the Lord Abbett Family of Funds;

B. We have developed the Lord Abbett Intelligence System (the "Intelligence System"), a state of the art information resource that we make available to a limited community of broker/dealers through the Internet at a secure Web site (the "LAIS Site"); and

C. We wish to provide access to the Intelligence System to you as an information tool responsive to the demands of your successful business pursuant to these Terms of Use. Accordingly, you and we, intending to be legally bound, hereby agree as follows:]

1. Overview. · Scope. These Terms of Use (which we may amend from time to time) govern your use of the Intelligence System. · Revisions; Changes. We may amend these Terms of Use at any time by posting amended Terms of Use ("Amended Terms of Use") on the LAIS Site. Any Amended Terms of Use will become effective immediately upon posting. Your use of the Intelligence System after any Amended Terms of Use become effective will be deemed to constitute your acceptance of those Amended Terms of Use.We may modify or discontinue the Intelligence System at any time, temporarily or permanently, with or without notice to you. Purpose of the Intelligence System. The Intelligence System is intended to be an information resource that you may use to contribute to your business research. The Intelligence System is for broker/dealer use only; it is not to be used with the public in oral, written or electronic form. The information on the Intelligence System and LAIS Site is for your information only and is neither the tax, legal or investment advice of Lord Abbett or its third-party sources nor their recommendation to purchase or sell any security.

2. Your Privileges. · Personal Use. Your use of the Intelligence System is a nontransferable privilege granted by us to you and that we may deny, suspend or revoke at any time, with or without cause or notice. · Access to and Use of the Intelligence System. The User ID and password (together, an "Access ID") issued by us to you (as subsequently changed by you from time to time) is for your exclusive access to and use of the Intelligence System. You will: (a) be responsible for the security and use of your Access ID, (b) not disclose your Access ID to anyone and (c) not permit anyone to use your Access ID. Any access or use of the Intelligence System through the use of your Access ID will be deemed to be your actions, for which you will be responsible. · Required Technology. You must provide, at your own cost and expense, the equipment and services necessary to access and use the Intelligence System. At any time, we may change the supporting technology and services necessary to use the Intelligence System. · Availability. We make no guarantee that you will be able to access the Intelligence System at any given time or that your access will be uninterrupted, error-free or free from unauthorized security breaches.

3. Rights in Data. Our use of information collected from you will be in accordance with our Privacy Policy posted on the LAIS Site. Our compliance with our Privacy Policy will survive any termination of these Terms of Use or of your use of the Intelligence System.

4. Your Conduct in the Use of the Intelligence System. You may access, search, view and store a personal copy of the information contained on the LAIS Site for your use as a broker/dealer. Any other use by you of the Intelligence System and the information contained on the LAIS Site these Terms of Use is strictly prohibited. Without limiting the preceding sentence, you will not: · Engage in or permit any reproduction, copying, translation, modification, adaptation, creation of derivative works from, distribution, transmission, transfer, republication, compilation or decompilation, reverse engineering, display, removal or deletion of the Intelligence System, any portion thereof, or any data, content or information provided by us or any of our third-party sources in any form, media or technology now existing or hereafter developed, that is not specifically authorized under these Terms of Use.

· Remove, obscure or alter any notice, disclaimer or other disclosure affixed to or contained within the Intelligence System, including any copyright notice, trademark and other proprietary rights notices and any legal notices regarding the data, content or information provided through the Intelligence System.

· Create a hyperlink to, frame or use framing techniques to enclose any information found anywhere on the LAIS Site without our express prior written consent.

· Impersonate any person, or falsely state or otherwise misrepresent his or her affiliation with any person in connection with any use of the Intelligence System.

· Breach or attempt to breach the security of the Intelligence System or any network, servers, data, or computers or other hardware relating to or used in connection with the Intelligence System; nor (b) use or distribute through the Intelligence System software or other tools or devices designed to interfere with or compromise the privacy, security or use of the Intelligence System by others or the operations or assets of any person.

· Violate any applicable law, including, without limitation, any state federal securities laws. 5. Your Representations and Warranties. You hereby represent and warrant to us, for our benefit, as of the time of these Terms of Use and for so long as you continue to use the Intelligence System, that (a) you are, and will continue to be, in compliance with these Terms of Use and any applicable laws and (b) you are authorized to provide to us the information we collect, as described in our Privacy Policy.

6. Disclaimer of Warranties.

· General Disclaimers.

THE INTELLIGENCE SYSTEM, THE LAIS SITE AND ALL DATA, INFORMATION AND CONTENT ON THE LAIS SITE ARE PROVIDED "AS IS" AND “AS AVAILABLE” AND WITHOUT ANY REPRESENTATIONS OR WARRANTIES OF ANY KIND. WITHOUT LIMITING THE PRECEDING SENTENCE, LORD ABBETT, ITS AFFILIATES, AGENTS, THIRD-PARTY SUPPLIERS AND LICENSORS, AND THEIR RESPECTIVE EMPLOYEES, CONTRACTORS, DIRECTORS, OFFICERS AND SHAREHOLDERS (COLLECTIVELY, THE “LORD ABBETT GROUP”) EXPRESSLY DISCLAIM ALL WARRANTIES, WHETHER EXPRESS, IMPLIED OR STATUTORY, INCLUDING THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, AND NONINFRINGEMENT. YOU EXPRESSLY AGREE THAT YOUR USE OF THE LAIS SITE, THE INTELLIGENCE SYSTEM, AND THE DATA, INFORMATION AND CONTENT PRESENTED THERE ARE AT YOUR SOLE RISK AND THAT THE LORD ABBETT GROUP WILL NOT BE RESPONSIBLE FOR ANY (A) ERRORS OR INACCURACIES IN THE DATA, CONTENT AND INFORMATION ON THE LAIS SITE AND THE INTELLIGENCE SYSTEM OR (B) ANY TERMINATION, SUSPENSION, INTERRUPTION OF SERVICES, OR DELAYS IN THE OPERATION OF THE LAIS SITE OR THE INTELLIGENCE SYSTEM.

· Disclaimer Regarding Investment Research.

THE INTELLIGENCE SYSTEM INCORPORATES DATA, CONTENT AND INFORMATION FROM VARIOUS SOURCES THAT WE BELIEVE TO BE ACCURATE AND RELIABLE. HOWEVER, THE LORD ABBETT GROUP MAKES NO CLAIMS, REPRESENTATIONS OR WARRANTIES AS TO THE ACCURACY, TIMELINESS, COMPLETENESS OR TRUTHFULNESS OF SUCH DATA, CONTENT AND INFORMATION. YOU EXPRESSLY AGREE THAT YOU ARE RESPONSIBLE FOR INDEPENDENTLY VERIFYING YOUR INVESTMENT RESEARCH PRIOR TO FORMING YOUR INVESTMENT DECISIONS OR RENDERING INVESTMENT ADVICE. THE LORD ABBETT GROUP WILL NOT BE LIABLE FOR ANY INVESTMENT DECISION MADE BY YOU OR ANY OTHER PERSON BASED UPON THE DATA, CONTENT AND INFORMATION PROVIDED THROUGH THE INTELLIGENCE SYSTEM OR ON THE LAIS SITE.

· Survival.

THIS SECTION 6 SHALL SURVIVE ANY TERMINATION OF THESE TERMS OF USE OR YOUR USE OF THE INTELLIGENCE SYSTEM..

7. Limitations on Liability.

NONE OF THE MEMBERS OF THE LORD ABBETT GROUP WILL BE LIABLE TO YOU OR ANY OTHER PERSON FOR ANY DIRECT, INDIRECT, INCIDENTAL, CONSEQUENTIAL, PUNITIVE, SPECIAL OR EXEMPLARY DAMAGES (INCLUDING LOSS OF PROFITS, LOSS OF USE, TRANSACTION LOSSES, OPPORTUNITY COSTS, LOSS OF DATA, OR INTERRUPTION OF BUSINESS) RESULTING FROM, ARISING OUT OF OR IN ANY WAY RELATING TO THE INTELLIGENCE SYSTEM, THE LAIS SITE OR YOUR USE THEREOF, EVEN IF THE LORD ABBETT GROUP HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. THIS SECTION 7 WILL SURVIVE ANY TERMINATION OF THESE TERMS OF USE OR YOUR USE OF THE INTELLIGENCE SYSTEM.

8. Miscellaneous Provisions.

· Governing Law. This Agreement will governed by and construed in accordance with the laws of the State of New York, without giving effect to applicable conflicts of law principles.

THE UNIFORM COMPUTER INFORMATION TRANSACTIONS ACT OR ANY VERSION THEREOF, ADOPTED BY ANY STATE, IN ANY FORM ("UCITA") WILL NOT APPLY TO THESE TERMS OF USE. TO THE EXTENT THAT UCITA IS APPLICABLE, THE PARTIES HEREBY AGREE TO OPT OUT OF THE APPLICABILITY OF UCITA PURSUANT TO THE OPT-OUT PROVISION(S) CONTAINED THEREIN.

The Intelligence System is not intended to be used by consumers, nor are the consumer protection laws of any jurisdiction intended to apply to the Intelligence System. You agree to initiate and maintain any action, suit or proceeding relating to these Terms of Use or arising out of the use of the Intelligence System exclusively in the courts, state and federal, located in or having jurisdiction over New York County, New York.

YOU HEREBY CONSENT TO THE PERSONAL JURISDICTION AND VENUE OF THE COURTS, STATE AND FEDERAL, LOCATED IN OR HAVING JURISDICTION OVER NEW YORK COUNTY, NEW YORK. YOU AGREE THAT YOU WILL NOT OBJECT TO A PROCEEDING BROUGHT IN YOUR LOCAL JURISDICTION TO ENFORCE AN ORDER OR JUDGMENT OBTAINED IN NEW YORK.

· Relationship of Parties. The parties to these Terms of Use are independent contractors and nothing in these Terms of Use will be construed as creating an employment relationship, joint venture, partnership, agency or fiduciary relationship between the parties.

· Notice. All notices provided under these Terms of Use will be in writing and will be deemed effective: (a) when delivered personally, (b) when received by electronic delivery, (c) one business day after deposit with a commercial overnight carrier specifying next day delivery, with written verification of receipt, or (d) three business days after having been sent by registered or certified mail, return receipt requested. We will only accept notices from you in English and by conventional mail addressed to: General Counsel Lord, Abbett & Co. 90 Hudson Street Jersey City, N.J. 07302-3973 We may give you notice by conventional mail or electronic mail addressed to the last mail or electronic mail address transmitted by you to us.

· Third-Party Beneficiaries. The members of the Lord Abbett Group are third-party beneficiaries of the rights and benefits provided to us under these Terms of Use. You understand and agree that any right or benefit available to us or any member of the Lord Abbett Group hereunder will also be deemed to accrue to the benefit of, and may be exercised directly by, any member of the Lord Abbett Group to the extent applicable.

· Survival. This Section 8 will survive any termination of these Terms of Use or your use of the Intelligence System. The undersigned hereby signs these Terms of Use. By electronically signing and clicking "Accept" below, these Terms of Use will be legally binding on me. To sign these Terms of Use, confirm your full name and enter your User ID and Password (as your electronic signature) in the fields indicated below and click the “I Accept” button.

 

Fixed-Income Insights

Here's a look at how key U.S. fixed-income categories could potentially respond to varying rate-hike outcomes from the Federal Reserve.

 

In Brief

  • Investors in U.S. fixed-income securities may wish to examine three alternative policy paths from the Federal Reserve that could frame expectations for different fixed-income sectors.
  • In the first, the Fed raises rates on a schedule based on its own projections (from June 18, 2014).
  • In the second, the Fed adopts a more aggressive approach as to the timing and amount of rate increases.
  • In the third, a sluggish U.S. economy causes the central bank to delay the implementation of interest-rate increases.
  • The key takeaway—Performance projections from the three rising interest-rate scenarios identify two potentially successful investment categories: issues with shorter duration or a higher-income profile.

 

As the Federal Reserve approaches the end of its quantitative easing program, investors are increasingly focused on the inevitable rise in interest rates in the months—or years—to come. Among the key questions: When is “liftoff” (i.e., the date of the initial Fed rate hike)? How aggressively will the Fed tighten? And most important, how will different categories of fixed-income securities be affected? While the Fed likely will assure investors that its policy moves will depend on the performance of key economic indicators, and thus may not have an ironclad timetable, an exploration of three alternative policy paths can frame expectations for different fixed-income sectors. The results may help investors develop a strategy today that can be modified as Fed policy unfolds.

Where to begin? A Fed expectations scenario would probably provide a good baseline. Using the Fed’s projections for economic growth, inflation, and monetary policy can help project the performance of various fixed-income classes based on the expectations of the well-resourced institution in charge of policy: the Fed itself. If the Fed gets behind the curve should economic growth and inflation outpace its expectations, an aggressive policy scenario can then be used to explore the investment impact of a more rapid and higher rate move than is currently envisioned by policymakers. And finally, if it turns out that U.S. economic growth should prove fragile as a result of reduced consumer and business spending, persistent geopolitical risk, or global competition, and cannot withstand the shock of rising interest rates under even the Fed’s baseline expectations, a “lower-for-longer” scenario can explore the investment impact of more modest rate hikes spread out over a longer time. Collectively, the results of three scenarios can provide investors with insights as to the potential performance of various fixed-income classes. Let’s take a look at each scenario.

1) Fed Expectations Scenario
Fed commentary and “dot plots” from the Federal Open Market Committee (FOMC) meeting, on June 28, form the basis of the Fed expectations scenario. (“Dot plots” refer to the chart that depicts FOMC members’ judgment of the appropriate level of the target fed funds rate at different time periods.) Comments from Fed chairperson Janet Yellen suggest mid-2015 as an appropriate time for the initial increase in the fed funds rate. Using the most recent chart from June 18, 2014 (shown below), median expectations of FOMC members suggest a fed funds rate of 1.13% at year-end 2015, rising to 2.50% at year-end 2016. The FOMC’s longer-term fed funds rate of 3.75% is projected for year-end 2018, consistent with former Fed chair Ben Bernanke’s suggestion at a September 2013 press conference that long run projections may be realized “two or three years after 2016.”1

 

Chart 1. Federal Reserve Rate Expectations: Connecting the Dots
FOMC participants’ assessment of appropriate fed funds rate, 2014-onward

Source: Federal Reserve. Each shaded circle indicates the value, rounded to the nearest one-quarter percentage point, of an individual participant’s view.

 

If the rate structure returns to some sense of “normal” by year-end 2018, then the historical relationship of a 100 basis-point spread between the fed funds rate and 10-year Treasury yields would place the 10-year Treasury at a yield of about 4.75%. Thus, the fed funds rate would move about 375 basis points (bps), from close to 0% today and midway through 2015, to 3.75% by year-end 2018. Over that same time, the yield on 10-year Treasuries would rise about 225 bps, from about 2.50% today to 4.75% by year-end 2018.

The performance of various asset classes below suggests that even though short-term rates adjust by substantially more than longer-term rates (375 bps versus 225 bps), two-year Treasuries easily outperform 10-year Treasuries. Under this scenario, the Barclays U.S. Aggregate Bond Index (“Barclays Aggregate”), a broad U.S. fixed-income benchmark, is projected to provide a return similar to that of the two-year Treasury. The similarity of performance suggests that the adverse effect of the higher duration of the Barclays Aggregate is offset by the higher income stream relative to the two-year Treasury. A representative Short Duration Multi-Asset Index combines relatively low duration with relatively high yield for a seemingly predictable outcome of much better performance than the other three alternatives.

 

Table 1. Performance of Key Fixed-Income Categories under a Fed Expectations Scenario

Source: Barclays, Bloomberg, and Lord Abbett. The scenario detailed in Table 1 assumes an initial hike in the fed funds rate by the Federal Reserve midway through 2015, in line with projections published by the Fed on June 18, 2014, with the fed funds rate at 1.13% by year-end 2015, 2.50% by year-end 2016, and 3.75% by year end 2018. The yield on 10-year Treasuries gradually moves to 4.75% by year-end 2018. The yield on both two-year Treasuries and the Short Duration Multi Asset Class Index moves higher by 375 bps by 2018, the same as the fed funds rate.  The yield on the Barclays Aggregate adjusts 255 bps higher, less than the fed funds rate and slightly more than the 225 basis-point movement in 10-year Treasuries.  The two- to 10-year Treasury yield curve flattens from 200 bps in 2014 to 50 bps by year-end 2018.
Forecasts and projections are based on current market conditions and are subject to change without notice. Projections should not be considered a guarantee.
For illustrative purposes only and does not reflect the performance of any Lord Abbett mutual fund or any particular investment.
Indexes are unmanaged and are not available for direct investment.

 

2) Aggressive Policy Scenario
Considering that the Fed’s crystal ball can be cloudy and that it intends to delay rate adjustments until after the central bank sees evidence of rising wage inflation, a more aggressive rate-adjustment schedule seems appropriate to consider. An aggressive scenario addresses fears that a dovish Fed may be late to address rising inflation, forcing rates higher for longer. Accordingly, this aggressive scenario assumes the Fed has to raise the fed funds rate to 6% and that yield on the 10-year Treasury also adjusts to 6%.

Under this scenario, where short-term interest rates move 250 bps more than the 10-year Treasury, the two-year Treasury again outperforms the 10-year Treasury, even though the two- to 10-year Treasury yield curve becomes inverted by 50 bps at year-end 2018. The higher interest rate move pushes the performance of the Barclays Aggregate into negative territory. As with the Fed expectations scenario, the combination of relatively low duration and relatively high yield enable a representative Short Duration Multi-Asset Index to outperform.

 

Table 2. Performance of Key Fixed-Income Categories under an Aggressive Policy Scenario

Source: Barclays, Bloomberg, Credit Suisse, and Lord Abbett. The scenario detailed in Table 2 covers the period June 30, 2014–December 31, 2018, and assumes an initial hike in the fed funds rate by the Federal Reserve midway through 2015, accompanied by a more rapid rise in the fed funds rate than the Fed projections published on June 18, 2014, reaching 3% by year-end 2016 and 6% by year-end 2018. The yield on both the two-year Treasury and the Shot Duration Multi Asset Class Index also adjusts higher by 600 bps, while the Barclays Aggregate is assumed to rise by 380 bps.  The yield on the 10-year Treasury is expected to also reach 6% by year-end 2018, moving 350 bps higher.  The two- to 10-year Treasury yield curve moves from 200 bps in 2014 to -50 bps (inverted) by year-end 2018.
Forecasts and projections are based on current market conditions and are subject to change without notice. Projections should not be considered a guarantee.
For illustrative purposes only and does not reflect the performance of any Lord Abbett mutual fund or any particular investment.
Indexes are unmanaged and are not available for direct investment.

 

3) Lower-for-Longer Scenario
Alternatively, if the U.S. economy is more fragile than is currently believed and thus more dependent on low rates to support consumer and business spending and investment, a lower-for-longer interest rate scenario could unfold. If that becomes the case, we assume that the Fed will be able to raise interest rates to only half their “dot plot” projected levels at year-end 2015 and 2016, with the fed funds rate reaching only 2.75% by the end of 2018. At the same time, we assume the 10-year Treasury yield also will be restrained, and move only to 3.75% by the end of 2018. This scenario does not imply a recession but rather an extension of the “muddle-through” economy of the past several years without the ability to establish the momentum that is able to punch growth and interest rates higher quickly.

This scenario favors the 10-year Treasury and the Barclays Aggregate over the two-year Treasury, but not by a substantial amount. The higher income stream of the 10-year Treasury and the Barclays Aggregate relative to the two-year Treasury contribute to their performance in this less volatile interest rate scenario. Similarly, the higher income stream and low duration of the representative Short Duration Multi-Asset Class Index again make a powerful combination should a soft economy, and a lower trend in the fed funds rate, persist.

 

Table 3. Performance of Key Fixed-Income Categories under a Lower-for-Longer Scenario

Source: Barclays, Bloomberg, Credit Suisse, and Lord Abbett. The scenario detailed in Table 3 covers the period June 30, 2014–December 31, 2018, and assumes that because of a weaker U.S. economy, an initial hike in the fed funds rate by the Federal Reserve will be delayed until late 2015, accompanied by a slower rise in the fed funds rate than the Fed projections published on June 18, 2014, reaching 0.50% by year-end 2015, 1.25% by year-end 2016, and 2.75% by the end of 2018.  Accordingly, the yield on both the two-year Treasury and the Shot Duration Multi Asset Class Index adjust by similar amounts, or a total of 275 bps over the time period.  The yield on the Barclays Aggregate adjusts 155 bps higher through the end of 2018.  The yield on the 10-year Treasury adjusts 125 bps higher to 3.75% by year-end 2018. The two- to 10-year Treasury yield curve flattens from 200 bps in 2014 to 50 bps by year-end 2018.
Forecasts and projections are based on current market conditions and are subject to change without notice. Projections should not be considered a guarantee.
For illustrative purposes only and does not reflect the performance of any Lord Abbett mutual fund or any particular investment.
Indexes are unmanaged and are not available for direct investment.

 

Investment Implications
Collectively, the three rising rate scenarios identify two potentially successful investment traits: shorter duration and higher income. In the Fed expectations and aggressive policy scenarios, the shorter duration of the two-year Treasury helped constrain price erosion. In the lower-for-longer scenario, higher income helps the performance of the Barclays Aggregate Index. In all three scenarios, the short-duration, high-income combination of the representative Short Duration Multi Asset Index allowed a clear performance advantage in projected total return.  The duration–yield combination suggests other fixed-income classes, such as bank loans and high yield, may offer similar performance advantages in rising rate environments. Could other fixed-income options also have the potential to provide relatively attractive returns in a rising rate scenario? We’ll have more to say on that in the weeks and months to come.

 

1”Transcript of Chairman Bernanke’s Press Conference,” Federal Reserve, September 18, 2013.
2The Short Duration Multi-Asset Index is a combination of 40% BofA Merrill Lynch 1-5 year BBB U.S. Fixed Rate CMBS Index, 30% BofA Merrill Lynch 1-5 year BBB U.S. Corporate + Yankee Index, 15% BofA Merrill Lynch U.S. Floating Rate Asset-Backed Securities Index, 10% BofA Merrill Lynch 1-5 year B U.S. Cash Pay High Yield Constrained Index and 5% BofA Merrill Lynch CCC + Lower Cash Pay High Yield Index.
3The Barclays U.S. Aggregate Bond Index is an unmanaged index composed of securities from the Barclays Government/Corporate Bond Index, Mortgage-Backed Securities Index, and the Asset-Backed Securities Index.
4This index represents a theoretical rolling 10-year U.S. Treasury note, renewed semiannually to a new higher coupon based on the indicated rise in rates.
5Compounded semiannually, from June 30, 2014, through December 31, 2018.
6Represents the aggregate amount that an investment has gained or lost over time, independent of the period of time involved.

 

ABOUT THE AUTHOR

RELATED FUND
The Fund seeks to deliver current income and the opportunity for capital appreciation by investing primarily in high yield corporate bonds.
RELATED FUND
The Fund seeks to deliver a high level of current income consistent with the preservation of capital by investing primarily in a variety of short duration investment grade and high yield debt securities, U.S. government securities, and mortgage- and other asset-backed debt securities.

Lord Abbett's Blog

 

videoOur blog features timely commentary and analysis from Lord Abbett experts. Join the conversation.

RELATED CONTENT