KEY FACTS as of 06/30/2020
- This strategy is available as a:
- Separate Account
- Mutual Fund
Portfolio Breakdownas of 06/30/2020
|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 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 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 06/30/2020
|Average Life||13.91 Years||11.88 Years|
|Average Effective Duration||8.79 Years||8.54 Years|
|Average Yield to Worst||3.65%||2.15%|
Portfolio data is based on the Corporate Investment Grade Representative Portfolio.
Average Annual Returns as of 07/31/2020
|Gross of Fees||7.45%||11.13%||6.88%||-||-||7.14%|
|Net of Fees||7.03%||10.38%||6.15%||-||-||6.41%|
|Bloomberg Barclays US Corp Investment Grade Index||8.44%||12.44%||7.22%||-||-||7.35%|
Inception Date: May 1, 2017
Returns for periods of less than one year are not annualized.
Calendar Year Returnsas of 07/31/2020
|Gross of Fees||13.75%||-2.28%||-||-||-||-||-||-||-||-|
|Net of Fees||12.98%||-2.94%||-||-||-||-||-||-||-||-|
|Bloomberg Barclays US Corp Investment Grade Index||14.54%||-2.51%||-||-||-||-||-||-||-||-|