Corporate Credit
Summary
Summary
KEY FACTS as of 04/30/2020
Vehicles
- This strategy is available as a:
- Separate Account
- Mutual Fund
- UCITS
PORTFOLIO MANAGERS
Portfolio
Portfolio
Portfolio Breakdownas of 04/30/2020
| Type | Portfolio |
|---|
| Type | Portfolio |
|---|---|
| Investment Grade Corporate | |
| High Yield Corporate | |
| ABS | |
| Bank Loans | |
| CMBS | |
| U.S. Government Related | |
| 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 04/30/2020
| Type | Portfolio | Index |
|---|
| U.S. Treasury | 1.7% | - |
| Agency | 0.7% | - |
| AAA | 2.6% | 7.9% |
| AA | 3.4% | 9.3% |
| A | 5.8% | 39.1% |
| BBB | 66.8% | 43.6% |
| <BBB | 18.1% | - |
| Not Rated | 0.9% | - |
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 04/30/2020
| Portfolio | Index |
|---|
| Portfolio | Index | |
|---|---|---|
| Average Coupon | 4.79% | 3.85% |
| Average Life | 9.6 Years | 11.38 Years |
| Average Effective Duration | 5.92 Years | 8.05 Years |
| Average Yield to Worst | 5.22% | 2.54% |
Portfolio data is based on the Corporate Credit Representative Portfolio.
Performance
Performance
Average Annual Returns as of 04/30/2020
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception |
|---|
| Gross of Fees | -4.01% | 2.85% | 3.79% | 3.90% | 5.71% | 6.58% |
| Net of Fees | -4.26% | 2.06% | 2.98% | 3.09% | 4.90% | 5.84% |
| Bloomberg Barclays U.S. Credit Bond Index | 1.29% | 9.37% | 5.40% | 4.33% | 5.04% | 5.39% |
Inception Date: January 1, 2008
Returns for periods of less than one year are not annualized.
Calendar Year Returnsas of 04/30/2020
| 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% |