Intermediate Government/Credit
Summary
Summary
KEY FACTS as of 06/30/2020
Vehicles
- This strategy is available as a:
- Separate Account
PORTFOLIO MANAGERS
Portfolio
Portfolio
Portfolio Breakdownas of 06/30/2020
| Type | Portfolio |
|---|
| Type | Portfolio |
|---|---|
| U.S. Government Related | |
| Investment Grade Corporate | |
| ABS | |
| CMBS | |
| High Yield Corporate | |
| 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 06/30/2020
| Type | Portfolio | Index |
|---|
| U.S. Treasury | 48.5% | 57.5% |
| AAA | 9.7% | 4.0% |
| AA | 5.9% | 3.4% |
| A | 8.6% | 15.5% |
| BBB | 25.8% | 17.2% |
| <BBB | 1.5% | - |
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 06/30/2020
| Portfolio | Index |
|---|
| Portfolio | Index | |
|---|---|---|
| Average Coupon | 2.05% | 2.49% |
| Average Life | 4.62 Years | 4.39 Years |
| Average Effective Duration | 4.08 Years | 4.09 Years |
| Average Yield to Worst | 1.32% | 0.74% |
Portfolio data is based on the Intermediate Government/Credit Representative Portfolio.
Performance
Performance
Average Annual Returns as of 07/31/2020
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception |
|---|
| Gross of Fees | 6.44% | 8.13% | 4.77% | 3.83% | - | 3.28% |
| Net of Fees | 6.31% | 7.90% | 4.55% | 3.59% | - | 3.03% |
| Bloomberg Barclays Intermediate Govt/Credit Index | 6.06% | 7.95% | 4.53% | 3.54% | - | 2.81% |
Inception Date: February 1, 2012
Returns for periods of less than one year are not annualized.
Calendar Year Returnsas of 07/31/2020
| 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|
| Gross of Fees | 6.77% | 0.93% | 2.50% | 2.85% | 0.92% | 3.73% | -0.36% | - | - | - |
| Net of Fees | 6.55% | 0.71% | 2.27% | 2.59% | 0.66% | 3.48% | -0.65% | - | - | - |
| Bloomberg Barclays Intermediate Govt/Credit Index | 6.80% | 0.88% | 2.14% | 2.08% | 1.07% | 3.13% | -0.86% | - | - | - |