KEY FACTS as of 12/31/2018
- This strategy is available as a:
- Separate Account
- Mutual Fund
Portfolio Breakdownas of 12/31/2018
|Investment Grade Corporate|
|High Yield Corporate|
|U.S. Government Related|
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 12/31/2018
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 12/31/2018
|Average Life||8.70 Years||10.30 Years|
|Average Effective Duration||6.05 Years||6.87 Years|
|Average Yield to Worst||5.20%||4.09%|
Portfolio data is based on the Corporate Credit Representative Portfolio.
Average Annual Returns as of 12/31/2018
|Gross of Fees||-1.92%||-1.92%||5.03%||4.11%||8.29%||6.55%|
|Net of Fees||-2.70%||-2.70%||4.20%||3.29%||7.51%||5.82%|
|Bloomberg Barclays U.S. Credit Bond Index||-2.11%||-2.11%||3.16%||3.22%||5.52%||4.71%|
Inception Date: January 1, 2008
Returns for periods of less than one year are not annualized.
Calendar Year Returnsas of 12/31/2018
|Gross of Fees||-1.92%||7.77%||9.61%||-2.33%||8.07%||1.07%||13.39%||7.52%||11.86%||31.54%|
|Net of Fees||-2.70%||6.93%||8.75%||-3.09%||7.23%||0.28%||12.52%||6.54%||11.42%||31.03%|
|Bloomberg Barclays U.S. Credit Bond Index||-2.11%||6.18%||5.63%||-0.77%||7.53%||-2.01%||9.37%||8.35%||8.47%||16.04%|