KEY FACTS as of 12/29/2017
- This strategy is available as a:
- Separate Account
- ERISA CIT
Portfolio Breakdownas of 12/29/2017
|High Yield Bonds|
|Investment Grade Bonds|
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 12/29/2017
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 average rating based on numeric values assigned to each rating. A portion of the portfolio's securities may not be rated. Breakdown is not an S&P credit rating or an opinion of S&P as to the creditworthiness of such portfolio.
CHARACTERISTICS as of 12/29/2017
|Average Maturity||6.67 Years||6.37 Years|
|Average Effective Duration||4.31 Years||4.04 Years|
|Average Yield to Worst||5.91%||5.84%|
Portfolio data is based on the High Yield Core Representative Portfolio.
Average Annual Returns as of 12/31/2017
|Gross of Fees||8.32%||8.32%||7.54%||7.12%||8.64%||8.16%|
|Net of Fees||7.78%||7.78%||7.01%||6.58%||8.10%||7.62%|
|ICE BofA Merrill Lynch U.S. High Yield Constrained Index||7.48%||7.48%||6.40%||5.81%||7.96%||7.61%|
Inception Date: September 1, 2004
Returns for periods of less than one year are not annualized.
Calendar Year Returnsas of 12/31/2017
|Gross of Fees||8.32%||16.12%||-1.10%||3.99%||9.03%||15.81%||5.26%||14.45%||50.05%||-22.45%|
|Net of Fees||7.78%||15.54%||-1.59%||3.47%||8.49%||15.24%||4.72%||13.88%||49.34%||-22.85%|
|ICE BofA Merrill Lynch U.S. High Yield Constrained Index||7.48%||17.49%||-4.61%||2.51%||7.41%||15.55%||4.37%||15.07%||58.10%||-26.11%|