Intermediate Government/Credit
Summary
Summary
KEY FACTS as of 07/31/2019
Vehicles
- This strategy is available as a:
- Separate Account
PORTFOLIO MANAGERS
Portfolio
Portfolio
Portfolio Breakdownas of 07/31/2019
| Type | Portfolio |
|---|
| Type | Portfolio |
|---|---|
| U.S. Government Related | |
| Investment Grade Corporate | |
| ABS | |
| CMBS | |
| Sovereign | |
| High Yield Corporate | |
| 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 07/31/2019
| Type | Portfolio | Index |
|---|
| U.S. Treasury | 50.7% | 60.9% |
| Agency | 0.5% | 1.9% |
| AAA | 13.1% | 3.9% |
| AA | 5.9% | 3.6% |
| A | 11.2% | 13.4% |
| BBB | 18.1% | 16.3% |
| <BBB | 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 07/31/2019
| Portfolio | Index |
|---|
| Portfolio | Index | |
|---|---|---|
| Average Coupon | 3.03% | 2.70% |
| Average Life | 4.31 Years | 4.27 Years |
| Average Effective Duration | 3.67 Years | 3.90 Years |
| Average Yield to Worst | 2.49% | 2.20% |
Portfolio data is based on the Intermediate Government/Credit Representative Portfolio.
Performance
Performance
Average Annual Returns as of 06/30/2019
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception |
|---|
| Gross of Fees | 4.95% | 6.86% | 2.29% | 2.62% | - | 2.67% |
| Net of Fees | 4.83% | 6.63% | 2.06% | 2.37% | - | 2.41% |
| Bloomberg Barclays Intermediate Govt/Credit Index | 4.97% | 6.93% | 1.99% | 2.39% | - | 2.17% |
Inception Date: February 1, 2012
Returns for periods of less than one year are not annualized.
Calendar Year Returnsas of 06/30/2019
| 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|
| Gross of Fees | 0.93% | 2.50% | 2.85% | 0.92% | 3.73% | -0.36% | - | - | - | - |
| Net of Fees | 0.71% | 2.27% | 2.59% | 0.66% | 3.48% | -0.65% | - | - | - | - |
| Bloomberg Barclays Intermediate Govt/Credit Index | 0.88% | 2.14% | 2.08% | 1.07% | 3.13% | -0.86% | - | - | - | - |