Multi-Sector | Institutional Strategies | Lord Abbett
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Multi-Sector

Summary

Summary

KEY FACTS as of 08/31/2020


Strategy Inception Date
Apr 1971
Strategy AUM
$19.6 B
Benchmark
Custom Multi-Sector Fixed Income Blended Index
eVestment Universe
US Unconstrained Fixed Income

Vehicles


  • This strategy is available as a:
  • Separate Account
  • Mutual Fund
  • Series Fund
  • UCITS

PORTFOLIO MANAGERS

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Co-Director of Taxable Fixed Income

19 Years of Industry Experience

Andrew H. O'Brien
Andrew H. O'Brien, CFA

Partner & Portfolio Manager

22 Years of Industry Experience

Kewjin Yuoh
Kewjin Yuoh

Partner & Portfolio Manager

26 Years of Industry Experience

Robert S. Clark
Robert S. Clark, CFA

Portfolio Manager

23 Years of Industry Experience

Christopher Gizzo
Christopher Gizzo, CFA

Managing Director & Portfolio Manager

12 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Co-Director of Taxable Fixed Income

29 Years of Industry Experience

Collaborating with 21 Additional Portfolio Managers 25 Credit Research Analysts & 9 Fixed Income Traders

Related Content

Our Fixed Income Experts Assess Opportunities in Multi-Sector Bonds
May 8, 2020

A review of factors influencing the market in the wake of recent volatility—and the sectors that may potentially benefit from a gradual reopening of the U.S. economy

Three Reasons to Consider High Yield in Today’s Market
February 7, 2020

Even after a rally in U.S. high yield in 2019, we believe the case for an investment allocation to the asset class remains alive and well.

Portfolio

Portfolio

Portfolio Breakdownas of 08/31/2020

Type Portfolio
Type Portfolio
U.S. Investment Grade Corporate
U.S. High Yield Corporate
Equity
Non-U.S. Investment Grade Corporate
Non-U.S. High Yield Corporate
Bank Loans
ABS
Municipals
Sovereign
CMBS
Convertibles
MBS
Cash

Credit Quality Distributionas of 08/31/2020

Type Portfolio
AAA 4.3%
AA 8.1%
A 12.1%
BBB 31.1%
BB 23.0%
B 16.1%
<B 4.5%
Not Rated 0.9%

CHARACTERISTICS as of 08/31/2020

Portfolio
Portfolio
Average Coupon 4.9%
Average Maturity 9.95 Years
Average Effective Duration 4.73 Years
Average Yield to Worst 3.91%

Performance

Performance

Multi-Sector Fixed Income Institutional Composite

Average Annual Returns as of 08/31/2020

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
Gross of Fees 3.02% 4.77% 5.53% 6.81% 7.55% 7.44%
Net of Fees 2.74% 4.35% 5.11% 6.38% 7.13% 7.02%
Custom Multi-Sector Fixed Income Blended Index 6.85% 6.47% 6.69% 7.09% 7.09% -

Calendar Year Returnsas of 08/31/2020

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Gross of Fees 14.34% -3.02% 10.13% 13.23% -0.97% 5.41% 8.94% 14.18% 4.89% 14.00%
Net of Fees 13.89% -3.40% 9.69% 12.78% -1.36% 4.99% 8.51% 13.73% 4.47% 13.55%
Custom Multi-Sector Fixed Income Blended Index 13.73% -1.63% 7.69% 11.60% -1.89% 4.58% 8.74% 13.12% 3.17% 13.76%

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