KEY FACTS as of 07/31/2019
- This strategy is available as a:
- Separate Account
- Mutual Fund
- Managed Account (SMA)
Portfolio Breakdownas of 07/31/2019
|Convertible Preferred Stock|
Allocations are reported as of the date a security transaction is initiated; however, certain transactions may not settle until several days later. Accordingly, cash may appear as a negative allocation as a result of forward-settling instruments such as currency forwards, certain mortgage-backed securities, and U.S. treasury futures. "Other" may include municipal bonds and non-index holdings.
Credit Quality Distributionas of 07/31/2019
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 higher credit rating. Breakdown is not an S&P credit rating or an opinion of S&P as to the creditworthiness of such portfolio.
CHARACTERISTICS as of 07/31/2019
|Average Maturity||5.09 Years||5.64 Years|
Portfolio data is based on the Convertible Bond Representative Portfolio.
Average Annual Returns as of 06/30/2019
|Gross of Fees||17.12%||9.39%||14.31%||7.36%||10.91%||9.80%|
|Net of Fees||16.52%||8.26%||13.12%||6.23%||9.92%||8.94%|
|ICE BofAML All Convertible Index||14.51%||7.93%||12.17%||6.90%||11.60%||-|
Inception Date: September 1, 1985
Returns for periods of less than one year are not annualized.
Calendar Year Returnsas of 06/30/2019
|Gross of Fees||-2.53%||17.79%||13.65%||-7.10%||7.12%||26.65%||13.06%||-7.00%||16.14%||36.17%|
|Net of Fees||-3.54%||16.56%||12.45%||-8.11%||5.98%||25.46%||12.48%||-7.54%||15.29%||35.18%|
|ICE BofAML All Convertible Index||0.15%||13.70%||10.43%||-2.99%||9.44%||24.92%||14.96%||-5.18%||16.77%||49.12%|