Corporate Credit
Summary
Summary
KEY FACTS as of 12/31/2019
Vehicles
- This strategy is available as a:
- Separate Account
- Mutual Fund
- UCITS
PORTFOLIO MANAGERS
Portfolio
Portfolio
Portfolio Breakdownas of 12/31/2019
| Type | Portfolio |
|---|
| Type | Portfolio |
|---|---|
| Investment Grade Corporate | |
| High Yield Corporate | |
| U.S. Government Related | |
| ABS | |
| Bank Loans | |
| CMBS | |
| Sovereign | |
| 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 12/31/2019
| Type | Portfolio | Index |
|---|
| U.S. Treasury | 7.1% | - |
| Agency | 0.7% | - |
| AAA | 1.4% | 7.7% |
| AA | 3.7% | 9.5% |
| A | 7.5% | 36.2% |
| BBB | 62.5% | 46.6% |
| <BBB | 16.6% | - |
| Not Rated | 0.5% | - |
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 12/31/2019
| Portfolio | Index |
|---|
| Portfolio | Index | |
|---|---|---|
| Average Coupon | 4.78% | 3.95% |
| Average Life | 8.56 Years | 10.96 Years |
| Average Effective Duration | 6.24 Years | 7.65 Years |
| Average Yield to Worst | 3.67% | 2.79% |
Portfolio data is based on the Corporate Credit Representative Portfolio.
Performance
Performance
Average Annual Returns as of 12/31/2019
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception |
|---|
| Gross of Fees | 13.82% | 13.82% | 6.36% | 5.19% | 6.73% | 7.14% |
| Net of Fees | 12.94% | 12.94% | 5.52% | 4.37% | 5.93% | 6.39% |
| Bloomberg Barclays U.S. Credit Bond Index | 13.80% | 13.80% | 5.75% | 4.39% | 5.32% | 5.44% |
Inception Date: January 1, 2008
Returns for periods of less than one year are not annualized.
Calendar Year Returnsas of 12/31/2019
| 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% |