Corporate Credit
Summary
Summary
KEY FACTS as of 01/31/2020
Vehicles
- This strategy is available as a:
- Separate Account
- Mutual Fund
- UCITS
PORTFOLIO MANAGERS
Portfolio
Portfolio
Portfolio Breakdownas of 01/31/2020
| Type | Portfolio |
|---|
| Type | Portfolio |
|---|---|
| Investment Grade Corporate | |
| High Yield Corporate | |
| U.S. Government Related | |
| ABS | |
| Bank Loans | |
| Sovereign | |
| CMBS | |
| MBS | |
| Other | |
| Cash |
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 01/31/2020
| Type | Portfolio | Index |
|---|
| U.S. Treasury | 6.8% | - |
| Agency | 0.7% | - |
| AAA | 1.4% | 7.9% |
| AA | 3.5% | 9.3% |
| A | 7.9% | 36.3% |
| BBB | 61.4% | 46.6% |
| <BBB | 17.8% | - |
| Not Rated | 0.6% | - |
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. Breakdown is not an S&P credit rating or an opinion of S&P as to the creditworthiness of such portfolio.
CHARACTERISTICS as of 01/31/2020
| Portfolio | Index |
|---|
| Portfolio | Index | |
|---|---|---|
| Average Coupon | 4.77% | 3.93% |
| Average Life | 8.75 Years | 11.1 Years |
| Average Effective Duration | 6.27 Years | 7.81 Years |
| Average Yield to Worst | 3.49% | 2.53% |
Portfolio data is based on the Corporate Credit Representative Portfolio.
Performance
Performance
Average Annual Returns as of 01/31/2020
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception |
|---|
| Gross of Fees | 2.10% | 13.60% | 6.71% | 5.24% | 6.73% | 7.27% |
| Net of Fees | 2.03% | 12.73% | 5.88% | 4.42% | 5.93% | 6.52% |
| Bloomberg Barclays U.S. Credit Bond Index | 2.34% | 13.99% | 6.45% | 4.29% | 5.40% | 5.60% |
Inception Date: January 1, 2008
Returns for periods of less than one year are not annualized.
Calendar Year Returnsas of 01/31/2020
| 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|
| Gross of Fees | 13.82% | -1.92% | 7.77% | 9.61% | -2.33% | 8.07% | 1.07% | 13.39% | 7.52% | 11.86% |
| Net of Fees | 12.94% | -2.70% | 6.93% | 8.75% | -3.09% | 7.23% | 0.28% | 12.52% | 6.54% | 11.42% |
| Bloomberg Barclays U.S. Credit Bond Index | 13.80% | -2.11% | 6.18% | 5.63% | -0.77% | 7.53% | -2.01% | 9.37% | 8.35% | 8.47% |