KEY FACTS as of 06/30/2020
- This strategy is available as a:
- Separate Account
- Mutual Fund
- Managed Account (SMA)
PORTFOLIO BREAKDOWNas of 06/30/2020
|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 06/30/2020
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 06/30/2020
|Average Maturity||4.1 Years||4.93 Years|
Average Annual Returns as of 07/31/2020
|Gross of Fees||27.28%||34.41%||18.01%||14.01%||12.17%||10.48%|
|Net of Fees||26.51%||33.02%||16.79%||12.82%||11.13%||9.60%|
|ICE BofA All Convertible Index||15.03%||21.64%||13.59%||10.85%||11.17%||-|
Inception Date: September 1, 1985
Returns for periods of less than one year are not annualized.
Calendar Year Returnsas of 07/31/2020
|Gross of Fees||26.06%||-2.53%||17.79%||13.65%||-7.10%||7.12%||26.65%||13.06%||-7.00%||16.14%|
|Net of Fees||24.76%||-3.54%||16.56%||12.45%||-8.11%||5.98%||25.46%||12.48%||-7.54%||15.29%|
|ICE BofA All Convertible Index||23.15%||0.15%||13.70%||10.43%||-2.99%||9.44%||24.92%||14.96%||-5.18%||16.77%|